Whale Averts $66.4 Million Ethereum Liquidation with $9.5M Deposit

A major cryptocurrency investor, nicknamed a ‘whale’, has saved their highly leveraged Ethereum positions from imminent liquidation after taking action to deposit $9.5 million in USDC into the HyperLiquid platform. This intervention comes as the price of Ethereum continues its climb, surpassing the $4,500 mark and reaching record highs. The recent activity adds weight to the debate over market volatility and the impact of high-leverage strategies on crypto’s unpredictable landscape.