Last Friday, a BTC whale with a $33 million long position was liquidated, marking the largest single liquidation across the entire network, only to buy the dip again.
BlockBeats News, January 19th, according to HyperInsight and Coinglass monitoring, this morning's BTC experienced a short-term drop of over 3.5%. The whale address at the beginning of Hyperliquid encountered multiple large-scale liquidations. The largest liquidation was $25.83 million, which is the largest single liquidation in nearly 24 hours across the network.
The whale started last Friday (the 16th), transferring to Hyperliquid on-chain and continuously selling ETH spot, while opening a 40x leveraged BTC long position at around $95,600 and consistently adding to the position. Its BTC long position once reached 350 coins, with a scale of about $33.46 million. Despite continuing to transfer and sell ETH during today's drop to try to reduce the liquidation price, its BTC long position was still fully liquidated, resulting in a cumulative loss of about $1.1 million.
After the liquidation, the address once again transferred approximately 169 ETH spot to the platform and sold, then reopened a leveraged BTC long position at 40x. The new position size reached $38.7 million, with an average price of around $92,600 and a liquidation price set at $91,400. Currently, the whale has become the third-largest long position holder of BTC on Hyperliquid.
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