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A certain whale lost over $10 million in the past week. They held a 40x Bitcoin short position and deposited $8 million USDC in the past 24 hours to average down.

By: theblockbeats.news|2025/07/11 12:16:54

BlockBeats News, July 11th. According to on-chain data, a whale opened a 40x leveraged Bitcoin short position at $107,973.5, with a position value of $133 million. The current unrealized loss is $11.24 million.

In the past 24 hours, this address has received a total of 8 million USDC to prevent liquidation, and its liquidation price is currently $126,320.

Within the past week, this address has already incurred a loss of over tens of millions of dollars on Hyperliquid.

Native USDC and Circle’s CCTP V2 will be launched on Sei

Yesterday, the total liquidation of short positions across the entire network exceeded 960 million US dollars, marking the highest level in four years.