Interesting activities have surfaced. According to on-chain data, on December 29th, a whale address was very active—injecting $1.3 million USDC into the HyperLiquid platform, then establishing a short position on LIT with 3x leverage. Currently, this position has grown to over $600,000, with the initial opening price locked at $3.769.

What’s more intriguing is that this whale has not stopped. Additional buy orders have been placed on the order book, but have not yet been executed, clearly waiting for the right moment to further expand this short position. This continuous adding of positions often indicates that some change is brewing in the market.