Crypto Whale Loses $20M in 20 Days Amid Heavy Short Positions
A major whale in the crypto market has been on a losing streak for 20 days, with losses amounting to $20.17 million.
According to Onchain Lens monitoring, this trader deposited an additional $4.5 million in USDC from two exchanges into Hyperliquid just two days ago.
This move follows a deposit of $10.2 million in USDC on the same platform earlier.
The whale currently holds short positions worth $106.6 million, with an unrealized loss of $19.62 million.
Among these short positions, the losses are significant for ZEC ($14.19 million) and HYPE ($5.32 million).