$BTC , has just surged past the $122,000 mark, putting pressure on highly leveraged short positions.

In response, wallet 0x5D2F4460Ac3514AdA79f5D9838916E508Ab39Bb7 deposited $6 million USDC to avoid liquidation. The whale’s current position stands at 1,266.84 #BTC (valued at approximately $154 million) with a liquidation price of $127,780 and an unrealized loss of about $12.5 million.

Despite the drawdown, the position has yielded a small offsetting gain in the form of funding fees, totaling roughly $4,029,545.76.