A Whale Goes 20x Short on ETH, with a Notional Value of around $20.25 Million

BlockBeats News, April 6th, according to LookIntoChain monitoring, a newly created wallet address (0xc9c3) deposited 3.98 million USDC into Hyperliquid in the past 2 hours and opened a 20x leveraged short position of 9,526 ETH, with a notional value of approximately $20.25 million. Currently, the position is unrealized loss of about $255,000.