A new wallet opened a 20x leverage to short 1,021 bitcoins, worth about $120.3 million | PANews

A new wallet opened a 20x leverage to short 1,021 bitcoins, worth about $120.3 million

PANews reported on July 11 that according to Lookonchain monitoring, someone created a new wallet address 0x89Da and withdrew 12 million USDC from Bybit to Hyperliquid exchange. Subsequently, the address used the funds to open a short position with 20x leverage, shorting 1,021 bitcoins, with a total value of approximately $120.3 million.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together

PANews WeChat Group

Telegram Discussion Group

Telegram News Channel

Recommended Reading

PA一线

06/23/2025, 07:41 AM

AguilaTrades lost more than $35 million in two weeks, and was forced to close positions at a loss many times due to failure to stop profit in time

一周预告

06/08/2025, 01:04 PM

Weekly preview | The U.S. House of Representatives deliberates on the crypto market structure bill; U.S. May CPI data released

一周预告

06/01/2025, 01:45 PM

Weekly preview | SEC will make a decision on the physical redemption applications of two Bitcoin and Ethereum spot ETFs; YZi Labs launches offline global incubation program EASY Residency

一周预告

05/04/2025, 01:09 PM

Weekly preview | The Federal Reserve FOMC announces interest rate decision; the U.S. House of Representatives may release a draft cryptocurrency regulation before the hearing on May 6

PA一线

03/18/2025, 02:30 AM

Important information from last night and this morning (March 17-March 18)

PA一线

02/27/2025, 02:31 AM

Important information from last night and this morning (February 26-February 27)