A large cryptocurrency investor has incurred substantial losses after betting against major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) using a risky 5x leverage strategy on the Hyperliquid exchange. The whale deposited a significant $25 million in USDC to initiate these short positions, aiming to profit from market downturns. However, current losses exceed $700,000, indicating an early setback for this audacious bet. The move highlights the inherent risks associated with leveraged trading and the unpredictable nature of the cryptocurrency market. While high leverage can amplify both profits and losses, it magnifies losses significantly in this case, leaving the investor facing significant financial pressure.