According to Lookonchain, a major crypto whale deposited $13 million USDC to Hyperliquid and opened significant short positions on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) using 5x leverage (source: Lookonchain via Twitter, May 10, 2025). This sizable short bet introduces substantial selling pressure to these leading cryptocurrencies, potentially triggering increased volatility and raising short-term bearish signals for traders. The whale's aggressive use of leverage also increases liquidation risk, which could impact price swings if markets move against the position. Traders should closely monitor Hyperliquid and on-chain activity for further large movements that might affect Bitcoin, Ethereum, and Solana price action.