A whale deposits 20.5 million U into Hyperliquid to establish a 'basket' of short positions

According to BlockBeats, on July 12th, according to Lookonchain monitoring, a whale deposited a total of 20.5 million USDC into multiple addresses on Hyperliquid to establish a "basket" of short positions, including ETH, BTC, SOL, HYPE, DOGE, and FARTCOIN.