A trader deposited roughly 500,000 USDC into the decentralized perpetuals platform Hyperliquid early Wednesday and leveraged it 40 times, opening a $20.32 million bitcoin short with a liquidation threshold sitting at $82,236, just over 1% above bitcoin’s current trading level. Key Takeaways: Trader 0x128e opened a $20.32M, 40x BTC short on Hyperliquid, per Lookonchain.
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