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A certain whale deposited 5M USDC into HyperLiquid to avoid liquidation, with their ZEC short position showing an unrealized loss of $2.36 million.
Golden Finance reports that on May 6, according to Onchain Lens monitoring, as ZEC price increased, the whale “0x320” deposited 5M USDC into HyperLiquid to avoid liquidation.
The whale currently holds a 10x short position of 18,286 ZEC, with an unrealized loss of over $2.36 million, and the latest liquidation price is $855.34. The whale also holds a 21x short position of 61.69 BTC.