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A major whale deposited 9.5 million USDC into HyperLiquid, shorting oil and multiple cryptocurrencies with 20x leverage.
Deep Tide TechFlow News, March 10 — According to on-chain analyst Lookonchain monitoring, whale address 0x985f deposited 9.5 million USDC into HyperLiquid within the past 5 hours, shorting oil with 20x leverage. The holdings include 94,512 contracts of CL (approximately $8.17 million) and 68,974 contracts of BRENTOIL (about $6.15 million). Additionally, this address is also simultaneously shorting multiple tokens including HYPE, PUMP, XPL, APT, and ASTER.