In response to a market rebound, cryptocurrency whale 0x5D2F, who holds a short position of 2,041 Bitcoin valued at $241.8 million, has deposited $12 million USDC into Hyperliquid. This strategic move aims to prevent liquidation of the position. The new liquidation price for the short position is set at $123,410, providing a buffer against potential market fluctuations.
Whale 0x5D2F Deposits $12M USDC to Avoid Bitcoin Short Liquidation
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