Insider trader @qwatio has opened leveraged short positions on Bitcoin (BTC) and Ethereum (ETH) after transferring $2.98 million USDC to Hyperliquid. Currently, these positions are showing over $3.3 million in unrealized profits, with a 40x short on 1,111 BTC and a 25x short on 4,141 ETH. The liquidation prices are set at $118,333 for BTC and $4,385 for ETH, indicating a high-stakes trading strategy.