Bitcoin has surged past $122,000, prompting a significant move by a major holder. Whale 0x5D2F deposited $6 million USDC into Hyperliquid to prevent liquidation of their position. The whale's current holding stands at 1,266.84 BTC, valued at approximately $154 million, with a liquidation price set at $127,780. The potential loss from liquidation is estimated at $12.5 million.