According to @OnchainLens, a newly created wallet deposited 5.1M USDC into HyperLiquid and opened a 20x ETH short sized at 10,796 ETH with $50.83M notional, entry price $4,718.1, and liquidation at $5,086.8, source: @OnchainLens; corroborated by HypurrScan address 0x091159A8106b077C13e89bC09701117e8b5F129A. The liquidation level is 7.8 percent above the reported entry price, calculated from the provided figures, source: @OnchainLens. Based on the reported notional and leverage, implied initial margin is approximately $2.54M (notional/20), while the $5.1M deposit suggests roughly a $2.56M margin buffer on the account, calculation based on figures from @OnchainLens. PnL sensitivity for this position is about $107,960 per $10 move in ETH and around $0.51M per 1 percent move, calculation based on figures from @OnchainLens. Key trading levels to monitor for this account are the $4,718.1 average entry and the $5,086.8 short liquidation trigger on HyperLiquid, source: @OnchainLens; HypurrScan address 0x091159A8106b077C13e89bC09701117e8b5F129A.