New whale wallet deposits $7M into Hyperliquid for $BTC, $XRP short positions

A new whale wallet has deposited $7 million into Hyperliquid to short major cryptocurrencies like Bitcoin and XRP, indicating a potential increase in market volatility and downward pressure on prices. This activity is significant as it reflects the growing trend of large investors betting against the market, which could lead to further price declines and impact retail investors.