Bitcoin: Trader Opens 40x Short on $102M BTC

A newly created wallet 0xff84 deposited 2.44M USDC into Hyperliquid and opened a 40x short on 1,600 BTC worth $102.6M with liquidation at $64,888.97.

On-chain whale activity like this often shapes BTC price prediction models as leveraged trading strategies test key levels. The 4h chart shows BTC trading at $63,982.97 inside Bollinger Bands with upper resistance at $64,512.83 while EMA50 at $63,770.94 and EMA200 at $63,657.56 serve as concrete support in the bullish trend and MACD golden cross at 139.24 reinforces momentum despite neutral RSI at 54.75.