Bitcoin Whale Deposits $4M USDC into HyperLiquid to Avert Liquidation of 20x Short — $15M Added, $12.45M Unrealized Loss

COINOTAG reports on September 19, citing Onchain Lens, that a large whale deposited $4 million in USDC into HyperLiquid to avert liquidation of a 20x BTC short. The same wallet has injected roughly $15 million USDC over the past 15 days as part of active margin management. According to on‑chain data, the position carries a current unrealized loss of $12.45 million, while cumulative funding rates have generated about $6.247 million in net funding profit. This episode underscores the interaction between high‑leverage positions, margin top‑ups and funding payments in perpetual markets, as observed by on‑chain analytics providers.