As reported by Chainthink, on December 26, a large BTC long position on Hyperliquid was liquidated in two major rounds, totaling $17.6 million. The position, held by the 0xa8e... address, was leveraged at 40x and included a single liquidation of 160 BTC worth approximately $14.14 million. After full liquidation, the address immediately re-entered a BTC short position worth around $7.1 million.
Major BTC Long Position Liquidated for $17.6M on Hyperliquid
ChainthinkShare
Summary
On December 26, a large BTC long position on Hyperliquid was liquidated in two major rounds, totaling $17.6 million. The 0xa8e... address held the position with 40x leverage, including a 160 BTC liquidation worth $14.14 million. After full liquidation, the address immediately opened a BTC short position of around $7.1 million. The move highlights the importance of position sizing in position trading strategies.
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