PANews reported on March 6th that, according to HyperInsight monitoring, in the past two hours, the largest BTC long position held by a whale (starting with 0x1bf) on Hyperliquid was liquidated when the price fell to $70,151, resulting in the liquidation of 146 BTC, equivalent to approximately $10.27 million. This is the largest single liquidation on the entire network in the past 24 hours. Currently, this address still holds a 40x leveraged BTC long position, with a holding size of approximately $41.6 million, an average price of $71,440, and the next liquidation price is $69,997, approximately 1.4% away from liquidation.

Last night, this address closed out all its $32.5 million short positions in BTC at an average price of $72,300. Subsequently, after BTC fell below $72,000, it reversed course and went long, pushing its position to $52 million at one point, becoming the largest long position in BTC on Hyperliquid. From shorting to going long to being liquidated, less than 24 hours passed.