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.

In the past two hours, a whale's long position in BTC, starting with "0x1bf," was liquidated when the price fell to $70,151, resulting in the liquidation of 146 BTC, approximately $10.27 million, marking the largest single liquidation on the entire network in the past 24 hours. This address currently holds a 40x leveraged long position in BTC, 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 its entire $32.5 million short position in BTC at an average price of $72,300. Subsequently, after BTC fell below $72,000, it reversed course and opened a long position, briefly pushing its holdings to $52 million, becoming the largest long position in BTC on Hyperliquid. From shorting to going long to being liquidated, less than 24 hours passed.