According to Lookonchain, a major whale transferred $13 million USDC to Hyperliquid for short positions against BTC, ETH, and SOL, utilizing 5x leverage (source: Lookonchain, Twitter). This large-scale leveraged short signals a bearish sentiment among institutional traders and could increase downward pressure on top cryptocurrencies. Traders should monitor liquidity and volatility on Hyperliquid, as significant short interest may trigger cascading liquidations or amplify market movements, especially if BTC, ETH, or SOL prices break key support levels.