According to @boldleonidas, they plan to use Synthetix paper funds to open a 50x short on BTC and suggested the move could send price back to ATH; source: @boldleonidas on X, Nov 5, 2025. Synthetix Perps have supported up to 50x leverage on BTC markets, aligning with the stated plan; source: Synthetix documentation.

According to Lookonchain, a trader has opened a 50x leveraged short position on Ethereum (ETH) using the Hyperliquid platform and is currently facing a loss of $1.2 million. The position was entered at a price of $3,429.45, and the trader risks liquidation if ETH's price reaches $4,843.9.