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Whale Adds $2 Million USDC to Defend 10x Leveraged ETH Short

A large trader added fresh USDC collateral on HyperLiquid to avoid liquidation on a 15,217 ETH short, while the position remained in loss but the account stayed profitable overall.

ETH
USDC
HYPE

Summary

A whale deposited 2 million USDC to HyperLiquid to help avoid liquidation on a 10x leveraged short position in ETH. The trade totals 15,217 ETH, valued at about $34 million, and showed an unrealized loss of $3.288 million as of March 16. Despite the drawdown on this position, the trader’s cumulative profit remained above $8.5 million.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin commonly used as trading collateral and settlement liquidity in crypto markets.
  • Liquidation: The forced closure of a leveraged trading position when collateral no longer covers required margin losses.
  • Leveraged short: A bearish position that uses borrowed exposure to profit if an asset falls, while magnifying losses if it rises.