According to a ChainCatcher report citing Lookonchain monitoring, a whale (0x218A...7Da2) currently holds 10x leveraged short positions in BTC and ETH, with unrealized losses exceeding $6.37 million. To avoid liquidation, the address has deposited 4.8 million USDC into Hyperliquid.
Whale Suffers Over $6.37M Loss from 10x BTC and ETH Short Positions
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Summary
Whale trading activity has drawn attention as a major address (0x218A...7Da2) faces losses exceeding $6.37 million from 10x short positions in BTC and ETH. The whale deposited 4.8 million USDC into Hyperliquid to avoid liquidation. Market participants are closely monitoring key support and resistance levels as the position remains at risk.
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