A major whale's BTC short position has incurred over $27 million in unrealized losses, and an additional 15 million USDC has been added to avoid liquidation.
Foresight News reported, according to monitoring by Lookonchain, a certain whale has an unrealized loss of over $27 million on its BTC short position. To avoid liquidation, the whale deposited an additional 15 million USDC into Hyperliquid, updating the liquidation price to $130,700.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
South Korean stocks dropped over 1%
"Big short" Michael Burry: The AI bubble may burst "earlier than expected," replacing short positions with put options to increase leverage
Michael Burry suggested that the AI bubble could burst as early as next summer and has replaced all his short positions on Micron, Nebius, SOXX semiconductor ETF, and Palantir with put options to obtain lower cost and higher leveraged short exposure. He believes the AI boom is built on the unproven assumption of "sustained capital expenditure," and once revenues disappoint, capital will quickly flee.
Variational open interest has exceeded $2 billions.
Janus Henderson Macro Head Says Market Is Near Its Top but Cannot Say When
