A whale deposited 6 million USDC with Hyperliquid to avoid liquidation of his BTC short position, currently suffering a $12.5 million loss.

According to Lookonchain, whale 0x5D2F deposited $6 million in USDC into Hyperliquid to avoid liquidation of its BTC short position. Its current holdings stand at 1,266.84 BTC ($154 million), with a liquidation price of $127,780, resulting in a $12.5 million unrealized loss.