A new wallet opened 20 times leverage to short 1021 bitcoins worth approximately $120.3 million According to Lookonchain monitoring, someone created a new wallet address 0x89Da and withdrew 12 million USDC from Bybit to the Hyperliquid exchange. Subsequently, the address used the funds to open a 20 fold leveraged short position, shorting 1021 bitcoins with a total value of approximately $120.3 million.