A certain whale short BTC and ETH with 10 times leverage, resulting in a floating loss of 6.37 million US dollars

According to Lookonchain monitoring, a certain whale address 0x218A... 7DA2 holds a 10 times leveraged short position in BTC and ETH, with unrealized losses exceeding $6.37 million. To avoid liquidation, the address has deposited 4.8 million USDC into Hyperliquid.