Anthropic perp futures on Binance fell roughly 14% from their recent all-time high, with analyst André Dragosch tying the slide directly to shrinking IPO odds.

According to @OnchainLens, an on-chain whale deposited $1.3 million USDC into HyperLiquid and initiated a LIT short position with 3x leverage, based on the trader activity shared on Dec 29, 2025, source: @OnchainLens; hyperbot.network/trader/0xE2f86FeccB1207710a442bc4E27a0701a290275A. The whale also left an open order to further increase the short exposure, indicating intent to scale the position, source: @OnchainLens; hyperbot.network/trader/0xE2f86FeccB1207710a442bc4E27a0701a290275A. Traders can monitor the wallet 0xE2f86FeccB1207710a442bc4E27a0701a290275A on hyperbot.network for real-time updates on margin, position size, and pending orders to gauge LIT perp market flows on HyperLiquid, source: hyperbot.network/trader/0xE2f86FeccB1207710a442bc4E27a0701a290275A; @OnchainLens.

According to Lookonchain, wallet 0xfB6678f8Bb51215606b01cA1162afa005B28e4c2 opened a 15x long on 300 BTC (~$25.9M) at $84,736.9 with current PnL of +$505K and a liquidation price at $72,424; source: Lookonchain; Hypurrscan. Wallet 0x4321BFc3B43D538Bc2B6dfbCF22A367719Aea936 opened a 20x short on 447.38 BTC (~$38.67M) at $86,373.6 with current PnL of −$33.7K and a liquidation price at $92,884; source: Lookonchain; Hypurrscan. These opposing high-leverage BTC perp positions frame near-term risk with entries around $84,736.9–$86,373.6 and liquidation thresholds at $72,424 (long) and $92,884 (short), levels traders monitor for potential forced unwinds as price approaches; source: Lookonchain; Hypurrscan.