U.S. Natural Gas Experiences 3.6% Short-Term Pullback, On-Chain NATGAS Longs Liquidated for 1.85M

BlockBeats News, March 18th, according to Hyperinsight monitoring, the U.S. Natural Gas price briefly fell by 3.6%. The largest single-hour liquidation amount in the entire network occurred, with a cumulative decline of 11.6% in the past week, currently trading at $2.91 on Hyperliquid.

As a result, the largest long position address of on-chain NATGAS (0xd50) has been liquidated twice after the price dropped below $2.91 and has been completely liquidated. The total settlement scale reached 638,364 units, equivalent to $1.856 million, resulting in a total loss of $200,000.

In addition, this address currently holds a short position of about $8 million in BTC, as well as an equivalent scale of long positions in crude oil and gold as a hedge. However, the recent trend of BTC has been significantly stronger than most assets, causing losses in both directions of the long and short positions.