A prominent Bitcoin whale has injected an additional $8.5 million in USDC collateral to fortify a leveraged position against intensifying liquidation risks. This defensive maneuver comes as the trader’s substantial $133 million short position currently shows unrealized losses of $10.96 million amid Bitcoin’s persistent rally to new peaks.
The position faces potential liquidation if Bitcoin reaches $123,691.43 per coin, a threshold increasingly pressured by the cryptocurrency’s continued upward momentum. This high-stakes scenario underscores escalating tension between leveraged short positions and Bitcoin’s bullish market trajectory, with the whale proactively bolstering collateral to maintain exposure despite mounting paper losses.