X @Lookonchain

Market Sentiment - Whales are exhibiting bearish sentiment by increasing short positions [1] - One whale (0x8c58) deposited 538 million $USDC to Hyperliquid to open a 20x short on 1500 $ETH, valued at $606 million [1] - Another whale (0x939f) deposited 45 million $USDC to Hyperliquid, continuing a $BTC short position to 394 $BTC, valued at $437 million [1] Cryptocurrency Short Positions - The whale (0x939f) has also initiated short positions on $SOL, $XRP, and $ETH [1]