Ethereum Whale Faces $10.7M Loss, Deposits $3.58M USDC to Avoid Liquidation on Hyperliquid

On July 18, data from Lookonchain revealed that a significant whale address, beginning with 0x8c58, initiated a short position on Ethereum (ETH) via the Hyperliquid platform six days prior. This strategic move has resulted in an unrealized loss exceeding $10.7 million. To mitigate the risk of forced liquidation, the whale recently injected an additional 3.58 million USDC into their Hyperliquid account, effectively adjusting the liquidation threshold to $4,006.2. This capital infusion highlights the dynamic risk management tactics employed by large-scale traders in the volatile crypto derivatives market, emphasizing the importance of maintaining sufficient collateral to sustain leveraged positions amid fluctuating asset prices.