To avoid liquidation, a whale deposited 4.997 million USDC into HyperLiquid, resulting in a floating loss of $2.36 million on its ZEC short position.

CoinFeed reported on May 6th that, according to Onchain Lens monitoring, as the price of ZEC rose, the whale "0x320" deposited 4.997 million USDC into HyperLiquid to avoid liquidation. This whale currently holds a 10x short position of 18,286 ZEC, with a floating loss exceeding $2.36 million, and the latest liquidation price is $855.34. The whale also holds a 21x short position of 61.69 BTC.