A whale added 5.5 million USDC as collateral to avoid liquidation of its $133 million Bitcoin short position
By: odaily.com|2025/07/11 13:06:38
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Odaily News According to the on-chain analysis platform Lookonchain (@lookonchain), a whale with the address 0x5D2F lost more than $10 million on its short position of 1,135 bitcoins (about $133 million).
To avoid liquidation, the whale deposited an additional 5.5 million USDC into the Hyperliquid protocol as collateral. After this additional collateral, the new liquidation price for the position is $121,080.
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