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

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 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.

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