Bitcoin Whale Shorts 3,500 BTC (~$4.2B) on Hyperliquid After $80M USDC Deposit, Still Holds 29,300 BTC

COINOTAG News on October 10, citing MLM Monitor, reported that a significant market participant — a Bitcoin whale — deposited 80 million USDC into Hyperliquid and executed a rapid short of 3,500 BTC (about $4.2 billion) within two minutes.

MLM Monitor’s on-chain analysis indicates the same address moved 3,000 BTC to Hyperliquid on October 8 and continues to hold roughly 29,300 BTC in its wallet, an outsized position that industry pricing estimates place near $35.7 billion in aggregate value.

Large stablecoin deposits and concentrated short positions are monitored by institutional desks and liquidity providers; such transparent on-chain flows are material to order-book depth and short-term liquidity conditions across derivatives venues.