According to Wu's report, as monitored by Onchain Lens, to avoid liquidation risk, the Whale address "0x8c5" deposited 4 million USDC into HyperLiquid to raise the liquidation price of its 20x leverage ETH short positions. The Whale currently still has 14 million USD in unrealized losses, with total losses reaching 26 million USD.

HYPE-0.27%
USDC0.02%
ETH-1%
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