A major BTC long position was repeatedly liquidated on-chain, with total daily liquidations exceeding $14 million.
BlockBeats news, on March 26, according to Hyperinsight's monitoring, due to a brief drop in the BTC price, a whale with an address starting with 0x965 had their BTC long positions liquidated repeatedly when the price fell to around $69,500. A total of 125 BTC, approximately $8.69 million, were liquidated, with the single largest liquidation reaching $6.95 million, making it the second biggest individual liquidation address across the network.
In fact, this address had already suffered two ETH long position liquidations three hours earlier, totaling 2,647 ETH, about $5.59 million. Both positions were completely liquidated, resulting in a total loss of about $270,000. The combined amount of both rounds of liquidations exceeds $14.2 million. At present, the address still holds a HYPE long position worth $4.64 million, with a liquidation price at $38.1.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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