Hyperliquid's Largest BTC Long Position Liquidated for $10.27 Million, Marking the Largest Single Liquidation Across the Network in the Past 24 Hours

Odaily News In the past 2 hours, a large whale wallet starting with 0x1bf had its BTC long position liquidated when the price dropped to $70,151, resulting in a total liquidation of 146 BTC, approximately $10.27 million. This constitutes the largest single liquidation across the entire network in the past 24 hours.

Currently, this address still holds a 40x leveraged BTC long position with a size of approximately $41.6 million, an average entry price of $71,440. The next liquidation price is at $69,997, which is about 1.4% away from the current price.

Last night, this address closed and took profits on its entire $32.5 million BTC short position at an average price of $72,300. Subsequently, after BTC fell below $72,000, it reversed its position to long, once pushing its holdings to $52 million and becoming the largest BTC long position holder on Hyperliquid. The time from flipping from short to long to being liquidated was less than 24 hours.