Trader Deposits $171,780 to Hyperliquid, Opens 38 BTC Short Position at 15x Leverage

According to Onchain Lens, trader 0x8853 deposited a total of $171,780 to Hyperliquid over 21 hours on July 5, with the latest $50,000 deposit occurring approximately 50 minutes prior. The trader subsequently opened a 15x leveraged short position on Bitcoin, with a size of approximately 38.08 BTC (roughly $2.39 million) at an entry price of $62,720.

The position is currently underwater with an unrealized loss of $2,760, representing a -1.73% return. The trader's overall trading record shows a cumulative loss of approximately $389,700.