Crypto Whale Loses $20M in 20 Days Amid Ongoing Short Positions

A large trader, known as a 'whale,' has suffered significant losses in the past 20 days. According to data from Onchain Lens monitoring, this whale deposited an additional $4.5 million USDC into Hyperliquid from two exchanges just two days after depositing $10.2 million USDC.

The trader's losses amount to a staggering $20.17 million over the past 20 days and currently holds short positions worth $106.6 million, resulting in an unrealized loss of $19.62 million.

The short position in ZEC has lost $14.19 million, while the short position in HYPE has incurred a loss of $5.32 million.