Lookonchain: Wallet Shorts 8,155 ETH and 247.6 BTC

Lookonchain reported a fresh wallet deposited 5M USDC on Hyperliquid then opened 20x shorts worth 8,155 ETH ($20.33M) and 247.6 BTC ($19.49M).

Price sits at $2492.96 inside the Bollinger band with upper resistance at $2510.68; the 50-EMA at $2355.75 and 200-EMA at $2078.45 remain key supports while MACD shows a death cross at 30.03 and RSI holds neutral at 61.53. Traders watching ETH price prediction models now weigh whether this size of leveraged short accelerates a crypto market crash or simply tests the upper band before a retracement to the 50-EMA.