Bitcoin OG deposits another $20M in USDC to avoid liquidation

A long-term Bitcoin holder, identified by the address 1011short, has deposited an additional 20 million USDC into the Hyperliquid platform to avoid liquidation, according to data from Onchain Lens. The address is currently facing an unrealized loss of approximately $83.4 million, with its cumulative profits shrinking from $142.5 million to $9.7 million. The holder maintains several large leveraged long positions, including a $630 million 5x position in Ethereum (ETH), an $86.98 million 5x position in Bitcoin (BTC), and a $61.10 million 20x position in Solana (SOL).