Last Friday, a BTC whale with a $33 million long position was liquidated, marking the largest single liquidation across the entire network, and subsequently bought the dip again.

BlockBeats News, January 19, according to HyperInsight and Coinglass monitoring, this morning's BTC experienced a short-term plunge of over 3.5%. The whale address at the beginning of Hyperliquid suffered multiple large-scale liquidations. The largest liquidation was a scale of 25.83 million US dollars, which is the largest single liquidation in the entire network in nearly 24 hours.

The whale started last Friday (16th), depositing from the chain to Hyperliquid and continuously selling ETH spot. At the same time, it opened a 40x leveraged long position on BTC at about $9,560 and continued to add to the position. Its BTC long position once reached 350 coins, with a scale of about $33.46 million. Despite continuing to deposit and sell ETH during today's decline to try to lower the liquidation price, its BTC long position was still fully liquidated, with a total loss of about $1.1 million.

After the liquidation, the address once again deposited about 169 ETH spot to the platform and sold it, then reopened a leveraged long position on BTC at 40x. The new position has a scale of $38.7 million, with an average price of about $9,260 and a liquidation price set at $9,140. Currently, the whale has become the third-largest long position holder of BTC on Hyperliquid.