「Top 1 on the Network Liquidation Leaderboard」 Flipped by Short Sellers, BTC's Biggest Bear Whale Liquidated for $29.3 Million

BlockBeats News, June 4th, according to Hyperinsight Monitor, today's largest liquidation in the entire network was dominated by the whale that was previously liquidated in a BTC long position and the whale that was liquidated in a ZEC long position, causing a sharp market downturn and first severely hitting the longs. At noon, BTC's rebound has damaged the largest address that tried to catch the falling knife during the downturn. After this whale was forcefully liquidated in a large amount, the market experienced a slight pullback again.

4 hours ago, Hyperliquid's "BTC Largest Short" encountered two rounds of liquidation in a row during the market rebound, with a total of 454 BTC being forcefully liquidated, worth approximately $29.3 million, setting a new record for the largest single liquidation in the entire network today. Due to the margin loss, the whale's HYPE long position also suffered a small liquidation.

It is reported that this whale continuously added to its position and rolled over to short during the previous market downturn, causing its liquidation price to once be below the average entry price. As of press time, the address still holds a BTC short position worth about $32.8 million, with the next liquidation price at $64,713, and the position size has now retreated to become the second largest BTC short on Hyperliquid.

Address: 0xd6803927489a9aa01500695c635f7f6747973496

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