USDC deposit
A trader has deposited 7,000,000 USDC into Hyperliquid to short Bitcoin (BTC) and Ripple (XRP) using 20x leverage. This substantial deposit highlights the trader’s strategy to capitalize on anticipated declines in the values of these cryptocurrencies. The use of 20x leverage indicates a high-risk approach, allowing the trader to amplify potential gains. However, this also increases the risk of significant losses if the market moves in an unfavorable direction. The trader’s actions reflect ongoing interest in short-selling strategies within the volatile cryptocurrency market.
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