According to @lookonchain, a newly created wallet 0x0c0B deposited 3.86M USDC to Hyperliquid about an hour before the post and placed limit orders to long 196 BTC in the $86,500–$86,750 range, totaling $16.97M; source: @lookonchain on X (Dec 1, 2025) and Hypurrscan on-chain data. This forms a concentrated block of resting bids totaling 196 BTC within that price band on Hyperliquid’s order book that traders can track for execution and liquidity changes; source: @lookonchain and Hypurrscan.