A cryptocurrency whale has deposited $23 million in USDC into the HyperLiquid platform to prevent liquidation of a $249 million Bitcoin short position. The position, which is leveraged at 20x, currently faces a floating loss of $21.5 million. Despite the market rebound, the position has received $7 million in funding, indicating ongoing strategic adjustments by the investor.
Whale Deposits $23M USDC to Protect $249M Bitcoin Short Position
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