Data: A major whale deposits 15.66 million USDC on Hyperliquid to short ETH after incurring a $3.56 million loss on previous long positions

According to ChainCatcher, Spot On Chain monitoring shows that the whale with address starting 0xFa5 has just deposited 15.66 million USDC into Hyperliquid to short ETH with 10x leverage. Previously, this address incurred a loss of $3.56 million on its long ETH position. Currently, the address holds an ETH position of 28,679 ETH (approximately $70.1 million) with an entry price of $2,443.92.