20x leverage shorting $39.82 million worth of ETH and BTC, an address deposits 5 million USDC into Hyperliquid

Odaily News: According to Lookonchain monitoring, an address created a new wallet and deposited 5 million USDC into Hyperliquid, then opened short positions with 20x leverage on 8,155 ETH and 247.6 BTC, with position values of $20.33 million and $19.49 million respectively.