# Four New Addresses Opened 40x Bitcoin Shorts Before Market Drop

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/27197
Published: 2026-10-07T03:00:19.000Z
Updated: 2026-10-07T03:00:19.000Z
Section: Investing

> The addresses deposited 1 million USDC into Hyperliquid and opened positions valued at $12.5 million before the morning decline.

Four newly created addresses opened 40x leveraged short positions in Bitcoin (BTC) before the market dropped this morning, with positions valued at $12.5 million.

The addresses deposited 1 million USD Coin (USDC) into Hyperliquid and used the funds to establish the short positions. A short position benefits when the price of an asset declines, while 40x leverage magnifies both potential gains and losses.

The activity placed a sizable leveraged bet against Bitcoin ahead of the market move. The four addresses were newly created, making the timing and concentration of the trades notable in on-chain market activity.