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Whale Address Shorting ETH Faces Over $10.7 Million Loss, Deposits 3.58 Million USDC to Raise Liquidation Price

Summary: According to Lookonchain monitoring, a whale address starting with 0x8c58 began shorting ETH on Hyperliquid six days ago, with current floating losses exceeding $10.7 million. To avoid liquidation, the whale just deposited an additional 3.58 million USDC to Hyperliquid 3 hours ago, raising the liquidation price to $4,006.2.

According to Lookonchain monitoring, a whale address starting with 0x8c58 began shorting ETH on Hyperliquid six days ago, with current floating losses exceeding $10.7 million. To avoid liquidation, the whale just deposited an additional 3.58 million USDC to Hyperliquid 3 hours ago, raising the liquidation price to $4,006.2.

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