Whale 10x leveraged short ~$34 million ETH, adding $2 million margin to HyperLiquid to avoid liquidation

Mars Finance reports that, according to Onchain Lens monitoring, within the past 10 hours, a whale deposited approximately $2 million USDC into HyperLiquid to avoid liquidation of its ETH short position. The address currently holds a short position with about 15,217 ETH at 10x leverage, totaling approximately $34 million. The position is currently showing an unrealized loss of about $3.28 million. Despite the drawdown, the overall trading activity of this address remains profitable, with total profits exceeding $8.5 million.

ETH9,11%
USDC-0,01%
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