Multiple whale addresses have opened high-leverage shorting positions on ETH on Hyperliquid in the last 24 hours.

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On July 12, according to Lookonchain monitoring, 0x8c58 deposited 3.74 million USDC into Hyperliquid in the past hour and shorted 18,394 ETH with 15x leverage (holdings valued at 54.3 million USD). 0x2258 deposited 3.25 million USDC 16 hours ago and shorted 16,219 ETH with 25x leverage (holdings valued at 48 million USD). 0xec4b shorted 13,845 ETH with 15x leverage (holdings valued at 41.07 million USD).

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