According to @EmberCN on Twitter, two whale addresses have opened large short positions on BTC, ETH, and SOL since the recent market rally using the Hyperliquid platform. The address 0xB83D transferred $29 million USDC to Hyperliquid since May 9 and opened $72.4 million in shorts with 5x leverage, shorting BTC at $103,538, ETH at $2,385, and SOL at $170.9. As of now, their floating losses have reached $3.44 million, indicating significant bearish bets remain underwater as prices trend higher (Source: @EmberCN Twitter, May 11, 2025). These large-scale leveraged short positions and their current losses may increase volatility and present potential liquidation risks, leading to heightened trading opportunities and price swings in the crypto market.