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 05:06:28

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.

FORM surged this morning, reaching a high of $3.5745, setting a new all-time high The whale who once shorted Bitcoin 40 times at $108,000 replenished $5.5 million in margin, and has lost more than $10 million

A whale added 5.5 million USDC as collateral to avoid liquidation of its $133 million Bitcoin short position

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