After 2.5 months of silence, the whale strikes again, and the market may face a new round of volatility

Latest on-chain data shows that a whale, after 2.5 months of silence, deposited $1.9 million USDC into HyperLiquid and opened 550 SP500 short positions, using 20x leverage.

This move's signal is very clear — the whale is not only waiting for market fluctuations but also precisely managing risk exposure.

A high-risk operation with 20x leverage suggests that the whale has a clear judgment on the current market trend, especially since they chose SP500 shorts, indicating they expect traditional markets to come under pressure or even experience a pullback.

This kind of high-leverage strategy is usually a catalyst for short-term volatility, implying the market could face greater fluctuations.

(When large funds start betting on downside, market sentiment may also shift accordingly)