According to Lookonchain, wallet 0xfB6678f8Bb51215606b01cA1162afa005B28e4c2 opened a 15x long on 300 BTC (~$25.9M) at $84,736.9 with current PnL of +$505K and a liquidation price at $72,424; source: Lookonchain; Hypurrscan. Wallet 0x4321BFc3B43D538Bc2B6dfbCF22A367719Aea936 opened a 20x short on 447.38 BTC (~$38.67M) at $86,373.6 with current PnL of −$33.7K and a liquidation price at $92,884; source: Lookonchain; Hypurrscan. These opposing high-leverage BTC perp positions frame near-term risk with entries around $84,736.9–$86,373.6 and liquidation thresholds at $72,424 (long) and $92,884 (short), levels traders monitor for potential forced unwinds as price approaches; source: Lookonchain; Hypurrscan.

According to @ai_9684xtpa, wallet 0x3e57efef507b4db7acfa2ee79ceca6b19e18d106 deposited about 303,000 USDC as margin to Hyperliquid roughly two hours before the post, indicating a sizable capital inflow to the perp DEX (source: @ai_9684xtpa on X; Arkham Intelligence address explorer for 0x3e57efef507b4db7acfa2ee79ceca6b19e18d106). According to @ai_9684xtpa, the same wallet opened two BTC short positions on Hyperliquid that were each kept open for approximately 6 to 11 minutes, suggesting ultra-short trade execution windows (source: @ai_9684xtpa on X). According to @ai_9684xtpa, about one hour later the funds were withdrawn from Hyperliquid and moved back to Binance, closing the round-trip flow (source: @ai_9684xtpa on X; Arkham Intelligence address explorer for the same address). Traders can monitor this address and Hyperliquid BTC perp funding and open interest for any repeat large, short-duration flows that may influence near-term market microstructure on the venue (source: @ai_9684xtpa on X for the initial address identification).