BlockBeats report, March 19: According to Hyperinsight monitoring, after BTC briefly dropped below $70,000, the low touched $69,400. Within the past hour, the total BTC liquidations across the network amounted to approximately $58.2 million, with long positions accounting for nearly 99%. Liquidations on the Hyperliquid platform accounted for 48.43% of the total network.
Monitoring shows that over 23% of the BTC liquidation amount in the past hour originated from the whale address starting with 0x9bb on Hyperliquid. As BTC dropped to around $70,000, this address experienced two consecutive long position liquidations, totaling 192.4 BTC, equivalent to approximately $13.5 million. A single liquidation of $10.8 million became the largest single liquidation on the network in the past 24 hours.

