A newly created wallet opened a 20x leverage to short 1,021 bitcoins, worth about $120.3 million
Odaily News According to Lookonchain monitoring, the newly created wallet address 0x89Da withdrew 12 million USDC from Bybit and transferred it to Hyperliquid. Subsequently, the address used the funds to open a short position with 20x leverage, shorting 1,021 bitcoins, with a total value of approximately $120.3 million.
You may also like

Block's 40% Workforce Reduction Due to 'AI Cost Reduction,' Anthropic Denies US Department of Defense Request, What Are Global Cryptocurrency Communities Talking About Today?

Why is Wall Street **Shorting** Crypto's **Poster Child** Strategy?

Beyond the Financials, Nvidia's True Risk and Opportunity

Citrini Lingering Echo

Wintermute: Cryptocurrency Volatility Plummets as Retail Investors Flock Madly to US Stocks

Bloomberg: Romania Presidential Election Meddled by Crypto Traders
WEEX P2P merchant referral program | Invite and earn up to 100 USDT each!
WEEX P2P is launching the "Merchant Referral Program" to build a stronger P2P merchant community and boost market liquidity. Refer potential merchants to join WEEX P2P and both of you can earn rewards.

Key Market Information Discrepancy on February 27th - A Must-See! | Alpha Morning Report

The Circle Beautiful Money Report: Is the True Winner of Stablecoins Not the Issuer?

Opinion: Bitcoin's 10-point Plunge Wasn't All Jane Street's Fault

Milestone AI-driven Layoff, a 50% Reduction in Force, Resulting in Unquestionable Capital Market Approval

WEEX P2P upgrade: Ad posting now available for regular users
To further improve liquidity and user participation in the P2P market and create a more open and efficient trading environment, WEEX now allows regular users to post ads on P2P. This update allows non-merchant users to post ads, opening up greater participation in the P2P marketplace.

Dovey Wan: The Great Liquidity Schism, Bitcoin May Never Keep Up with ARKK

Market Key Insights for February 26th, How Much Did You Miss?

L1 Value Capture Shrinks Significantly, ETH, SOL, HYPE Struggle to Return to All-Time High

Exploring the ‘Super Cycle’ in Artificial Intelligence: Insights from Brad Gerstner
Key Takeaways The concept of a ‘super cycle’ in AI technology is gaining traction, spearheaded by industry experts.…

Children and Trump’s Investment Program: Billionaires’ Contributions to “Trump Accounts”
Key Takeaways: President Donald Trump has introduced the “Trump Accounts” program, massively funded by billionaires to provide financial…

Could Stablecoins Resolve U.S. Debt? Standard Chartered Predicts $1 Trillion in Treasury Demand
Key Takeaways Projected Growth: The stablecoin market could see its capitalization soar to $2 trillion by 2028, significantly…