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A whale address deposited 4 million U to HyperLiquid for averaging down, causing a 20x increase in the entry price of an ETH short position.
BlockBeats News, September 13th, According to Onchain Lens monitoring, to avoid liquidation, the whale address starting with 0x8c5 deposited 4 million USDC into HyperLiquid to add to their position, using 20x leverage to open a short position and raise the liquidation price of their ETH shorts. The whale still holds $14 million in unrealized losses, with a total loss of $26 million.
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