Hyperliquid: Trader Opens 40x Short on 305.51 BTC

Lookonchain flagged a wallet that sold 262.78 ETH for 643K USDC, deposited the proceeds into Hyperliquid and opened a 40x short on 305.51 BTC ($25.4M) with liquidation at $84086.03.

Price action shows BTC at $83044.19 inside the Bollinger Bands, testing EMA50 resistance at $83943.31 while EMA200 at $82211.58 offers support; RSI at 45.28 remains neutral and MACD golden cross signals building momentum, so any BTC price prediction must factor the short squeeze risk above $84086 before a possible crypto market crash test of lower band support at $80633.97.