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

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

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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