Data: The largest long position on-chain BTC was liquidated for $10.27 million, marking the largest single liquidation across the network in nearly 24 hours

According to monitoring by Hyperinsight, in the past 2 hours, the BTC long position held by the whale starting with 0x1bf was liquidated when the price fell to $70,151, resulting in a single liquidation of 146 BTC, approximately $10.27 million, making it the largest single liquidation across the network in the past 24 hours.

Currently, this address still holds a 40x leveraged BTC long position, with a position size of about $41.6 million, an average price of $71,440, and the next liquidation price at $69,997, which is about 1.4% away from liquidation.

Last night, this address fully closed its BTC short position of $32.5 million at an average price of $72,300 to take profit. After that, when BTC fell below $72,000, it reversed to go long, pushing the position size up to $52 million, becoming the largest BTC long on Hyperliquid. From flipping from short to long to being liquidated, it took less than 24 hours.