A major whale deposited $2 million worth of USDC into HyperLiquid and increased its short position on SP500, incurring a floating loss of $2.19 million.

According to on-chain analyst Onchain Lens (@OnchainLens), a whale deposited 2 million USDC into HyperLiquid and further increased its SP500 short position. The current notional value of this position is approximately $37.67 million, with 7x leverage. Data shows that the address is currently experiencing an unrealized loss exceeding $2.19 million, with a liquidation price of $8,104.85.