According to @OnchainLens, a whale deposited $3.25M USDC into HyperLiquid and opened short positions in BTC at 40x leverage and ETH at 25x, supported by their alert and accompanying screenshot (source: @OnchainLens on X, Sep 3, 2025). At 40x and 25x leverage, adverse moves of roughly 2.5% and 4% from entry can trigger liquidation on isolated margin based on standard crypto futures margin formulas (source: Binance Futures leverage and margin documentation, accessed prior to Oct 2024). Traders can monitor HyperLiquid funding rate shifts, open interest changes, and liquidation levels to gauge near-term volatility signals tied to this position set-up (source: HyperLiquid documentation on funding, open interest, and liquidation metrics; reference: @OnchainLens on X).