Whale Shorts Bitcoin, Ethereum & Solana on Hyperliquid: Implications for Market Volatility

A major whale has initiated aggressive short selling activity on Hyperliquid, a decentralized exchange platform. They deposited $25 million USDC to execute leveraged positions in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), generating a total of $125 million USD in exposure across these three crypto assets with a 5x leverage setup. This action has amplified market volatility, raising concerns about potential short squeezes and the impact on liquidity.