PANews reported on July 18 that according to Lookonchain monitoring, the Ethereum whale address 0x8c58 started shorting ETH 6 days ago, and has accumulated losses of more than 10.7 million US dollars. To avoid liquidation, the address has just deposited an additional 3.58 million US dollars in USDC on the Hyperliquid platform. The current liquidation price is 4006.2 US dollars.


