A whale address shorted ETH with a unrealized loss of over $10.7 million, deposited 3.58 million USDC as collateral 3 hours ago to push up the liquidation price

BlockBeats News, July 18th, according to LookIntoChain monitoring, a whale address starting with 0x8c58 started shorting ETH on Hyperliquid 6 days ago. Currently, the unrealized loss has exceeded $10.7 million. To avoid liquidation, the whale just deposited an additional 3.58 million USDC to Hyperliquid 3 hours ago, pushing the liquidation price to $4,006.2.