According to monitoring by the on-chain analytics platform Lookonchain (@lookonchain), a whale with the address starting with 0x218A is currently facing floating losses of over $6.37 million on BTC and ETH short positions with 10x leverage. To avoid liquidation, the whale deposited 4.8 million USDC into Hyperliquid.
Whale Suffers Over $6.37M Floating Loss from Leveraged BTC and ETH Short Positions
TechFlowShare
Summary
Whale trading activity has drawn attention as a major whale with the address 0x218A faces over $6.37 million in floating losses from 10x leveraged short positions in BTC and ETH. According to Lookonchain, the whale deposited 4.8 million USDC into Hyperliquid to avoid liquidation. This move comes as key support and resistance levels for BTC and ETH come under pressure from shifting market sentiment.
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