Bitcoin Whale Holding 2,041 BTC Injects $12M USDC into Hyperliquid to Avoid Liquidation at $123,410

COINOTAG News on October 2, citing LookIntoChain monitoring, reported that amid the market rebound a major participant holding 2,041 BTC—representing an estimated $241.8 million in notional exposure—deposited 12 million USDC into Hyperliquid to bolster margin and avoid forced liquidation. The on-chain monitor identifies the position’s current liquidation price at $123,410. This on-chain collateral adjustment signals active risk management by leveraged traders and is material for market observers assessing short-term funding dynamics and counterparty liquidity on margin platforms.