BlockBeats News, May 20th, according to lookonchain monitoring, as the Bitcoin price rises, a whale who has shorted BTC, ETH, and SOL with 10x leverage is currently holding an unrealized loss of about $1.71 million on BTC.
Approximately an hour ago, the whale added another 4 million USDC to the Hyperliquid platform to further increase their short position on BTC, raising the entry average price and reducing the liquidation risk.