To avoid liquidation, whale 0x8c58 deposited another 8.6M $USDC into #Hyperliquid over the past 24 hours.
He shorted $ETH at ~$2,969 on July 12, but as $ETH kept climbing, he kept adding margin to avoid liquidation.
Total loss: $20M
New liquidation price: $4,885.3
https://x.com/lookonchain/status/1946107226063782151
