The largest BTC long position on Hyperliquid suffered a $10.27 million liquidation, the largest single liquidation on the entire network in nearly 24 hours.

CoinFeed 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 position size of approximately $41.6 million, an average price of $71,440, and the next liquidation price is $69,997, about 1.4% away from liquidation. Last night, this address closed out all its $32.5 million BTC short positions at an average price of $72,300. Subsequently, after BTC fell below $72,000, it reversed course and opened a long position, pushing its position to $52 million, becoming the largest BTC long position on Hyperliquid.