Whale Deposits $4M USDC to Protect 20x BTC Short Position on HyperLiquid

Gate News bot message, a significant whale trader deposited $4M USDC into HyperLiquid to maintain its 20x BTC short position and prevent liquidation.

The trader's total deposits reached $15M USDC over a 15-day period for the same purpose. Despite facing a floating loss of $12.45M, the position has generated $6.247M in funding rate returns.

USDC-0.01%
BTC-0.7%
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