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Whale Boosts $66.4M 20x ETH Short on HyperLiquid with USDC Deposits

OnchainLens monitoring shows a whale injecting $9.5M USDC over two days to stave off liquidation as its leveraged Ethereum short faces a $19.90M floating loss.

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Summary

According to OnchainLens monitoring, a whale has been consistently depositing funds into HyperLiquid to protect its $66.4 million 20x leveraged Ethereum short position. In the past two days, the whale added $9.5 million USDC to avoid liquidation at a price of $4,885, despite facing a floating loss of $19.90 million.

Terms & Concepts
  • 20x Leverage: A trading strategy that allows a position to be 20 times larger than the trader's capital, increasing both potential gains and risks.
  • Liquidation Price: The specific price at which a leveraged position will be automatically closed to prevent further losses.
  • USDC: A stablecoin pegged to the US Dollar, commonly used for hedging and liquidity in the cryptocurrency market.