A whale saw its BTC holdings tumble and its S&P 500 position affected, resulting in a single-person liquidation of over 10 million USD in the S&P 500 across the entire network in just under an hour.

BlockBeats News, March 26, According to Hyperinsight monitoring, in nearly 1 hour, the total liquidation amount of S&P500 (S&P 500 Perpetual Contract) reached $11.7 million, ranking third in scale only after BTC and ETH. Almost all of this liquidation amount came from the same address on Hyperliquid, initiated by a whale with an address starting with 0x965.

It is reported that the trigger for this liquidation was not a sharp drop in the S&P 500 itself, but a brief decline in BTC affecting the account's margin, which caused the full position S&P500 longs opened by this address to be under pressure. A total of 1779.8 long positions were liquidated in a short period of time, amounting to approximately $11.63 million, with a recorded loss of about $195,000.