Bitcoin (BTC) Trader Bets Big with $7M USDC on Hyperliquid, Opens 20x Short on BTC and XRP

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

According to LookIntoChain monitoring, a newly created wallet seeded 7 million USDC into Hyperliquid, then established a short position on BTC and XRP using 20x leverage.

On-chain data show the positions comprise 1,129 BTC (approximately $116 million) and 8,888,888 XRP (approximately $20.35 million), reflecting a substantial exposure to major crypto assets.

Analysts view the pattern as high-risk trading activity; the account is associated with users of Roobet and Stake, underscoring a speculative tilt in leveraged crypto markets.

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