A whale address, identified by the prefix 0x218A, has deposited $5.5 million USDC into Hyperliquid to bolster its Ethereum short position. This move increases the margin on a 10x leveraged position, now valued at $68 million, encompassing 21,820.69 ETH. The position's liquidation price is set at $3,565.94, according to Onchain Lens monitoring on January 3.