According to Lookonchain, a major crypto whale has deposited a total of $25 million USDC on Hyperliquid, aggressively shorting Bitcoin, Ethereum, and Solana with 5x leverage. The position has now accumulated losses of over $700,000, signaling strong bullish pressure on the crypto majors and raising the risk of a potential short squeeze. Traders should closely monitor Hyperliquid liquidation levels and whale activity, as large-scale short positions can lead to increased volatility and sudden price reversals in BTC, ETH, and SOL markets. Source: Lookonchain (x.com/lookonchain/status/1921730818424143874)