An address sold 262 ETH, then opened a 40x short position on BTC worth $25.4 million.

October 9th, according to Lookonchain monitoring, an address sold 262.78 ETH in exchange for approximately $643,000 USDC and deposited the funds into Hyperliquid.

About 40 minutes ago, the trader opened a 40x leveraged short position on BTC, with a position size of 305.51 BTC, a notional value of approximately $25.4 million, an entry price of $83,067.70, a liquidation price of $84,086.03, and is currently in profit by $17,000.