According to @ai_9684xtpa, address 0x89B…A7358 added $1,000,000 USDC margin on Hyperliquid ~4 hours ago and is currently long 218 BTC (~$19.17M) and short 5,294.36 ETH (~$15.60M), indicating a bearish stance on the ETH/BTC cross; Source: @ai_9684xtpa; hyperbot.network/trader/0x89BC21cF0c2da44e2AFCCDB9493BE950c78A7358. ETH/BTC is quoted at 0.03358 on Binance, over 22% below the August peak of 0.04328, underscoring ETH underperformance versus BTC; Source: Binance data cited by @ai_9684xtpa. This long-BTC/short-ETH construction represents roughly $34.77M combined notional and benefits if ETH/BTC declines further; Source: @ai_9684xtpa.