PANews reported on May 7 that, according to Onchain Lens monitoring, two whale addresses have recently engaged in high-leverage BTC shorting operations on the HyperLiquid platform. Whale 1 deposited $5.58 million USDC to open a 40x leverage short position, with a position size exceeding $70 million, currently experiencing an unrealized loss of approximately $891,000. Whale 2 deposited $4.9 million USDC to open an 11x leverage short position, with a position size over $56 million, currently facing an unrealized loss of about $604,000.