A whale has deposited 6 million USDC into Hyperliquid to avoid BTC short liquidation.

BlockBeats News, August 11th, according to LookIntoChain monitoring, a whale deposited 6 million USDC as collateral to Hyperliquid to avoid liquidation.

The address currently holds a short position of 1266.84 BTC, worth about $154 million, with a liquidation price of $127,780, resulting in a loss of approximately $12.5 million.