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A total of 120,000 ETH long position: a giant whale deposits 5 million USDC margin into Hyperliquid to avoid being liquidated.
Mars Finance reports that, according to on-chain analysts, a whale who has accumulated 120,000 ETH has, after 19 days, deposited 5 million USDC as margin into Hyperliquid, possibly to avoid liquidation. Currently, they hold a 15x leveraged long position of 120,000 ETH and a 20x leveraged long position of 700 BTC, with a total value of $298 million. The ETH position shows an unrealized loss of $309,000, while the BTC position has an unrealized gain of $403,000.