Multiple whale addresses opened high-leverage short positions on ETH on Hyperliquid in the last 24 hours.

On July 12, according to Lookonchain monitoring, 0x8c58 deposited 3.74 million $USDC into Hyperliquid in the past hour and shorted 18,394 $ETH with 15x leverage (a position value of $54.30 million).

0x2258 deposited 3.25 million $USDC 16 hours ago and shorted 16,219 $ETH with 25x leverage (a position value of $48.00 million).

0xec4b shorted 13,845 $ETH with 15x leverage (a position value of $41.07 million). [BlockBeats]