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TechFlow, July 11 — According to on-chain analytics platform Lookonchain (@lookonchain), a whale with address 0x5D2F has incurred over $10 million in losses on a short position of 1,135 bitcoins (approximately $133 million).
To avoid liquidation, the whale deposited an additional 5.5 million USDC as collateral into the Hyperliquid protocol. Following this collateral top-up, the new liquidation price for the position is set at $121,080.
According to on-chain analytics platform Lookonchain (@lookonchain), a whale with address 0x5D2F has incurred over $10 million in losses on a short position of 1,135 bitcoins (approximately $133 million). To avoid liquidation, the whale deposited an additional 5.5 million USDC as collateral into the Hyperliquid protocol. After this collateral top-up, the new liquidation price for the position is $121,080.
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