Deep Tide TechFlow News, on July 11, according to on-chain analysis platform Lookonchain (@lookonchain) monitoring, a whale with the address 0x5D2F has lost over 10 million dollars on its short position of 1,135 Bitcoin (approximately 133 million dollars).

To avoid liquidation, the whale deposited an additional 5.5 million USDC as collateral into the Hyperliquid protocol. After this increase in collateral, the new liquidation price for the position is 121,080 dollars.