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A Whale deposited 23 million USD in USDC into HyperLiquid to avoid the liquidation of a 249 million USD BTC short positions.
According to Mars Finance, monitoring by Onchain Lens shows that in the past 3 days, a certain Whale deposited 23 million USDC into HyperLiquid to avoid the liquidation of its short positions of 249 million USD in BTC (20x leverage). Currently, the position has unrealized losses of 21.5 million USD, but has already received 7 million USD in funding fees.