Trader 0xcB92 Sells 1451 ETH and Deposits 5.53M USDC to Avoid Liquidation

PANews reports that over the past 18 hours, trader 0xcB92 sold 1451 ETH and deposited 5.53M USDC into Hyperliquid, amid a liquidation price of $4015.86 and total losses of $11.62 million.

ETH
USDC
HYPE

Summary

According to PANews and Lookonchain monitoring, trader 0xcB92 sold 1451 ETH in the past 18 hours, converting the sale into 5.53M USDC which was deposited into Hyperliquid to prevent liquidation. The latest liquidation price stood at $4015.86, with total losses reaching $11.62 million.

Terms & Concepts
  • Liquidation Price: The asset price at which a leveraged position is automatically closed to prevent further losses.
  • USDC: A stablecoin pegged to the U.S. dollar, widely used for stable transactions in the crypto market.