Another "big shark" operation has surfaced in the cryptocurrency market! Onchain Lens detected a whale pouring 4 million USDC into the Hyperliquid platform, directly shorting ETH and SOL with 20x leverage, even placing a short position on BTC for just $444.
20x leverage instantly amplifies fluctuations in the "meat grinder" by 20 times, allowing profits to be doubled, while losses are immediately wiped out. The whale's willingness to play this game suggests either extreme confidence in the downward trend of ETH and SOL or an extreme risk appetite. However, this maneuver sends a crucial signal: large funds are betting on the collective weakness of "altcoin leaders and public chain representatives," and even a bearish outlook on BTC.
However, a word of caution: leveraged trading is essentially a gamble. Whales have the capital to withstand volatility, while retail investors who follow suit will inevitably face failure. For now, just keep an eye on the trends of ETH and SOL. If prices rebound, this whale's 20x short position could quickly become the trigger for a margin call.