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📰 【A certain whale deposits USDC worth 4.997 million into HyperLiquid to prevent its ZEC short position from being liquidated.】
BlockBeats news, on May 6, a certain whale deposited USDC worth 4.997 million into HyperLiquid to avoid liquidation of its ZEC short position. At present, the whale holds a ZEC short position of 18,286 ZEC with 10x leverage, and its floating loss exceeds $2.36 million; its new forced liquidation price is $855.34. In addition, the whale also holds a BTC short position of 61.69 BTC with 21x leverage.
4.99 million USDC tops up to save the ZEC short? The floating loss of $2.36 million is still stubbornly holding on. This whale shorting BTC with 21x leverage—this move is truly a textbook example of “inverse hedging.” On-chain data won’t lie; the $855 liquidation price is right within reach. Both market sentiment and the funding rate point in the same direction, and I’ve seen this “margin topping” script way too many times.
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