On May 11, according to monitoring data from Onchain Lens, a crypto whale once again deposited $12 million into its HyperLiquid account, having previously deposited $2 million the day before, bringing the total deposited amount to $29 million. These funds were used to increase short positions on Ethereum (ETH), Solana (SOL), and Bitcoin (BTC) with 3x leverage.

As of now, the total short position for this address has exceeded $68.9 million. However, due to market price fluctuations, the current floating loss has reached $3.32 million. The related wallet address is: 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36.

This move comes after Bitcoin broke through the $105,000 mark, with the market experiencing high volatility, putting short positions at greater risk of liquidation.