Whale Deposits $6M USDC on Hyperliquid to Avert BTC Short Liquidation
I noticed a whale moved to safeguard a BTC short by depositing 6 million USDC with Hyperliquid, likely to prevent an imminent liquidation. This on-chain action suggests the holder wanted to shore up collateral quickly to maintain their leveraged short exposure.
The large USDC inflow to Hyperliquid highlights how institutional or high-net-worth traders use centralized derivatives platforms and stablecoins to manage margin risk. I view this as a targeted liquidity maneuver aimed at avoiding forced liquidation rather than a directional market bet.
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