BTC Short at 20x Leverage After 3.448M USDC Deposit into HyperLiquid; Position Worth $38.6M

According to COINOTAG News on December 2, Onchain Lens data indicate a newly created wallet funded HyperLiquid with 3.448 million USDC and opened a BTC short at 20x leverage. This on-chain activity signals sustained margin demand in crypto trading venues and shows how stablecoin inflows can enable high‑leverage bets.

The position carries a current notional exposure of approximately $38.6 million, with an average entry price of $86,373.6 and a liquidation threshold near $92,885.8. Market observers should track BTC price action, funding signals, and margin dynamics as volatility affects risk and liquidation outcomes.