BTC Whale Adds $8.5M USDC to Avert Liquidation After Margin Loss
Bitcoin’s surge past $117,000 to new all-time highs has triggered massive liquidations and margin calls. One trader saw his $28,000 short wiped out in under 12 hours, while a BTC whale holding a $133 million short injected $8.5 million in USDC within 30 minutes to avert liquidation, despite carrying an unrealized $11 million loss and a $123,691 liquidation threshold. This maneuver highlights whales’ risk management amid volatile rallies and raises the prospect of a short squeeze. Traders should watch open interest and on-chain flows for further signals.
Bullish
The whale’s $8.5M USDC margin injection amid Bitcoin’s record high rally underscores strong bullish momentum. By averting forced liquidation, selling pressure is reduced and the risk of a short squeeze increases, supporting further upside in both the short and medium term. Traders are likely to interpret this as a sign of sustained demand and resilience in Bitcoin’s price.