Markets· ★★★· bearish·

Four new wallets opened 40x BTC shorts worth $12.5M just before drop below $84K

  • —Four new wallets deposited ~$1M USDC to Hyperliquid
  • —40x shorts opened on 148.49 BTC, notional ~$12.5M
  • —Positions placed just before BTC dropped below $84,000
  • —Lookonchain called the trades possible insider trading
Why it matters: The pattern points to a possible leak of price-moving information and puts a spotlight on trade transparency on Hyperliquid.
#BTC
Source: PANews
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