On-chain BTC Long Worth $10.27M Liquidated, Marking the Largest Single Liquidation in the Past 24 Hours

BlockBeats News, March 6th, according to Hyperinsight monitoring, in the past 2 hours, the BTC long position of a whale starting with 0x1bf was liquidated when the price fell to $70,151, triggering a single liquidation of 146 BTC, approximately $10.27 million, becoming the largest single liquidation in the past 24 hours across the entire network.

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

Yesterday night, the address closed its $32.5 million BTC short position at an average price of $72,300 to take profit. Subsequently, after BTC dropped below $72,000, it switched to a long position, at one point increasing its position to $52 million, becoming the largest long position on BTC on Hyperliquid. From short to long to liquidation, all in less than 24 hours.