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Whale Trader Deposits 6M USDC to Protect BTC Position as Bitcoin Surpasses $122,000
Gate News bot message, A significant market movement occurred as Bitcoin crossed the $122,000 threshold. In response, a whale trader identified as 0x5D2F has taken protective measures by depositing 6 million USDC into Hyperliquid to maintain their trading position.
The trader’s current position stands at 1,266.84 BTC, valued at approximately $154 million, with a liquidation price set at $127,780. The position is currently showing a loss of $12.5 million.