A new address deposited $4 million, using 10x leverage to go long $19.15 million in BTC and short $15.59 million in ETH.

According to Lookonchain monitoring, a new address (0x89BC) deposited 4 million USDC into Hyperliquid in the past four days for 10x leverage to go long on BTC and short on ETH. Currently, this address holds 218.6 BTC long positions, worth $19.15 million, and 5294 ETH short positions, worth $15.59 million.