On July 11, according to on-chain analyst Ai Yi (@ai_9684xtpa), the "giant whale who has shorted $BTC four times since March 2025" has cumulatively added 5.50 million $USDC in margin to Hyperliquid to maintain the remaining position.
Currently, its holdings of 1,135.02 $BTC (approximately $131.00 million) are still floating losses of $9.135 million, with a liquidation price of $121,070. [BlockBeats]