The largest BTC long position on Hyperliquid was liquidated for $10.27 million, marking the largest single liquidation across the entire network in the past 24 hours.

Svmuu News: In the past two hours, a BTC long position held by a whale with the address starting with 0x1bf was liquidated when the price dropped to $70,151, resulting in a total liquidation of 146 BTC, worth approximately $10.27 million, making it the largest single liquidation across the entire network in the past 24 hours. Currently, the address still holds a 40x leveraged BTC long position worth approximately $41.6 million, with an average price of $71,440. The next liquidation price is set at $69,997, representing a margin of approximately 1.4% before liquidation. Last night, the address closed out all of its $32.5 million worth of BTC short positions at an average price of $72,300 to lock in profits. Subsequently, after BTC fell below $72,000, the account switched to long positions, briefly increasing its holdings to $52 million, making it the largest BTC long position on Hyperliquid. It took less than 24 hours to go from short to long and then face liquidation.