A whale has deposited 6.000000 million USDC into Hyperliquid to avoid BTC short liquidation.

August 11th, according to LookIntoChain monitoring, a whale deposited 6.00 million $USDC as collateral to Hyperliquid to avoid liquidation.

The address currently holds a short position of 1,266.84 $BTC, worth about $154.00 million, with a liquidation price of $127,780.00, resulting in a loss of approximately $12.50 million. [BlockBeats]