BlockBeats report, March 6: According to Hyperinsight monitoring, over the past two hours, a large whale holding BTC long positions with an address starting in 0x1bf was liquidated as the price dropped to $70,151, resulting in a single liquidation of 146 BTC, approximately $10.27 million—the largest single liquidation on the network in the past 24 hours.
This address still holds a 40x leveraged BTC long position with a position size of approximately $41.6 million, an average entry price of $71,440, and the next liquidation price at $69,997, about 1.4% away.
Last night, this address closed its entire $32 million BTC short position at an average price of $72,300 to lock in profits. Shortly after BTC dropped below $72,000, it opened a long position, at one point increasing its holdings to $52 million, becoming the largest BTC long on Hyperliquid. From flipping from short to long to being liquidated, less than 24 hours passed.