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

BTC

BTC/USDT

$77,180.95

-2.43%

$77,180.95

-2.43%

(24s)

24h Volume

$19,543,230,805.95

24h H/L

$79,375.00 / $76,459.64

Change: $2,915.36 (3.81%)

Long/Short

48.1%

Long: 48.1%Short: 51.9%

Funding Rate

-0.0009%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$77,180.95

▼ -0.25%

Volume (24h): -

Resistance Levels

Resistance 3$80,810.00

Resistance 2$79,453.03

Resistance 1$77,343.42

Price$77,180.95

Support 1$76,907.45

Support 2$75,563.42

Support 3$72,812.40

Pivot (PP):$77,250.12

Trend:Uptrend

RSI (14):59.1

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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