According to @EmberCN, prominent trader @qwatio has opened a high-leverage short position in Bitcoin and Lido DAO on Hyperliquid. The trader used $2.683 million USDC as margin for a 40x short on 888.8 BTC (valued at $92.93 million) with an entry price of $104,094 and a liquidation price at $105,689. Additionally, a 10x short on 1 million LDO tokens ($1.1 million) was initiated at $1.08. These trades highlight significant bearish sentiment and introduce major liquidation risk close to the current BTC price. Market participants should watch for increased volatility and possible short squeezes near the $105,000 zone as large positions could trigger rapid price movements. This high-profile move reflects growing interest in leveraged trading on Hyperliquid and may influence Bitcoin derivatives markets. Source: @EmberCN via Twitter, May 12, 2025.

According to Santiment, Lido DAO has experienced a 26% increase in market cap over the past five days, resulting in the most bullish crowd sentiment in nine months. The asset, which ranks 54th by market cap, typically comprises about 0.025% of crypto discussions, but is now seeing a ninefold increase in discussion rate. This surge in interest and sentiment indicates potential trading opportunities for investors monitoring altcoin movements. [Source: Santiment]