Bitcoin Whale 0x5D2F Faces $8.6M Floating Loss, Deposits $8M USDC to Protect 2,041 BTC Short Position

BTC

BTC/USDT

$68,506.17

-2.79%

$68,506.17

-2.79%

(24s)

24h Volume

$13,784,700,649.61

24h H/L

$70,516.82 / $68,110.55

Change: $2,406.27 (3.53%)

Long/Short

63.9%

Long: 63.9%Short: 36.1%

Funding Rate

+0.0001%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$68,506.17

▼ -0.60%

Volume (24h): -

Resistance Levels

Resistance 3$72,364.25

Resistance 2$70,811.58

Resistance 1$68,867.82

Price$68,506.17

Support 1$68,115.84

Support 2$65,637.54

Support 3$62,909.86

Pivot (PP):$68,735.17

Trend:Downtrend

RSI (14):44.9

COINOTAG News, September 12 — citing LookIntoChain monitoring, the market rebound has left whale 0x5D2F with a reported floating loss of over $8.6 million across crypto short positions, according to on‑chain analytics.

To mitigate liquidation risk, the address reportedly deposited $8 million USDC to bolster its USDC collateral, a defensive measure commonly used to restore margin buffers in leveraged short trades.

LookIntoChain data lists current exposure as 2,041 BTC (≈ $236 million) in short positions and 500 ETH (≈ $2.25 million), with the collateral injection intended to sustain those positions amid volatility.

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