According to @OnchainLens, over the past three days a whale deposited $23M USDC into HyperLiquid to avoid liquidation on a 20x BTC short position valued at $249M. Source: Onchain Lens on X. The position currently shows a $21.5M unrealized loss but has received $7M in funding payments during the market rebound. Source: Onchain Lens on X. The position reference and wallet tracking are cited via the CoinMarketMan HyperTracker page mentioned by @OnchainLens. Source: CoinMarketMan HyperTracker.

According to @MilkRoadDaily, Binance BTC futures have recorded about $700 trillion in cumulative trading volume—roughly six times global GDP—making it one of the most actively traded markets globally (source: @MilkRoadDaily). For traders, this scale indicates deep liquidity and high turnover in BTC perpetuals on Binance, supporting tighter spreads but also faster move propagation during volatility (source: @MilkRoadDaily).