A Major Whale Faces Nearly $20 Million in Unrealized Losses from 20x Short on ETH, Continues to Add Margin

BlockBeats News, August 10—According to monitoring by OnchainLens, a whale address has been continuously depositing funds into HyperLiquid to avoid liquidation of its $66.4 million Ethereum 20x leveraged short position. Over the past two days, the whale has deposited $9.5 million in USDC, with a liquidation price of $4,885. The current total unrealized loss has reached $19.9 million.