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On March 18th, COINOTAG News reported a significant movement in the crypto market, as detailed by Ashes Monitor. The incident involved the forced liquidation of a whale’s short position, which was leveraged at an astonishing 50x. Following this development, the liquidation funds were strategically withdrawn from Hyperliquid. In a tactical move, the whale acquired 3,202 ETH valued at approximately $6.1 million and 1,039 PAXG, worth around $3.1 million. Furthermore, an additional $12.5 million in USDC was deposited into Maker, reflecting a continuous trend of institutional interest in decentralized finance solutions. This allocation of assets highlights significant trading activities and the underlying dynamics of the crypto market as investors seek to capitalize on market volatility.
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