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Whale Adds 5.5 Million USDC as Collateral to Avoid Liquidation of $133 Million Bitcoin Short Position

Summary: According to reports, a whale with the address 0x5D2F suffered over $10 million in losses on its 1,135 Bitcoin (approximately $133 million) short position. To avoid liquidation, the whale deposited an additional 5.5 million USDC as collateral into the Hyperliquid protocol. Following this increase in collateral, the new liquidation price for the position is $121,080.

According to reports, a whale with the address 0x5D2F suffered over $10 million in losses on its 1,135 Bitcoin (approximately $133 million) short position. To avoid liquidation, the whale deposited an additional 5.5 million USDC as collateral into the Hyperliquid protocol. Following this increase in collateral, the new liquidation price for the position is $121,080.

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Link: Whale Adds 5.5 Million USDC as Collateral to Avoid Liquidation of $133 Million Bitcoin Short Position   [Copy]
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