A Whale Address Faces Over $10.7 Million in Unrealized Losses from Shorting ETH
According to a report by Jinse Finance, Lookonchain monitoring shows that a whale address starting with 0x8c58 began shorting ETH on Hyperliquid six days ago and is currently facing an unrealized loss of over $10.7 million. To avoid liquidation, the whale just deposited an additional 3.58 million USDC into Hyperliquid three hours ago, raising the liquidation price to $4,006.2.
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