Whale BTC/ETH short positions lose over 6 million, urgently add USDC to cope with liquidation pressure

【ChainNews】On-chain data tracking reveals that a well-known whale address is currently under immense pressure in the leveraged market. This address’s 10x leveraged BTC and ETH short positions have already unrealized losses exceeding $6.37 million, facing the risk of liquidation at any moment. To maintain the positions and avoid forced liquidation, the whale decisively transferred 4.8 million USDC to Hyperliquid as margin collateral.

What does this large transfer indicate? On one hand, it reflects the high-risk nature of leveraged trading—even well-funded whales must stay alert when market volatility occurs; on the other hand, it also reveals the current market volatility and participants’ cautious attitude. A loss of over $6 million is astronomical for ordinary traders, but for traders at this level, it’s more like a race against the liquidation line. Whether they can turn the situation around in the next market wave depends on whether their market direction judgment is correct.