According to @EmberCN, whale address 0x20b withdrew $23.46 million USDC from Binance over the past 27 hours and transferred the funds to Hyperliquid. They opened a $45.77 million short position on HYPE using 5x leverage, with an entry price of $20.4 and a liquidation level at $30. The position currently faces a $7.43 million loss (down 32%), highlighting significant risk exposure. Traders should closely monitor HYPE price action and whale activity, as large leveraged positions like this can increase volatility and impact overall crypto market sentiment (Source: @EmberCN on Twitter).