A wallet sold 262.78 ETH for 643K USDC, rotated the proceeds into Hyperliquid, and opened a 𝟰𝟬𝘅 short on 305.51 BTC — $𝟮𝟱.𝟰𝗠 notional — with liquidation at $84,086. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: A $25.4M leveraged short at 40x is a high-conviction bearish bet with almost no liquidation cushion. The ETH-to-USDC funding rotation signals fresh capital committed specifically for this trade. A clean break above $84K forces the position to unwind into the spot market. BTC has been range-bound around $83K; this short's liquidation sits just ~$1K above recent highs, vulnerable to any upside wick. At 40x leverage, a ~1.3% move up triggers forced buying. Explorer: https://hypurrscan.io/address/0xf15d41724e10e3d64d2e292fb6fd5e45ae7bddf9#txs source: lookonchain Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=2896