According to Lookonchain, a major crypto whale deposited $50.5 million USDC into Hyperliquid to short Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) using 5x leverage. Following the recent market downturn, the whale's positions have turned profitable, with over $3.5 million in unrealized gains. This significant short activity and profit-taking highlight increased bearish sentiment among large traders, which may exert further downward pressure on BTC, ETH, and SOL prices in the short term. Source: Lookonchain (x.com/lookonchain/status/1922099994942738683), Hypurrscan (hypurrscan.io/address/0x5b5d).