BlockBeats News, January 19 — According to monitoring by HyperInsight and Coinglass, following a brief drop of over 3.5% in BTC this morning, a massive whale address on Hyperliquid experienced multiple large liquidations. The largest single liquidation reached $25.83 million, the biggest one in the past 24 hours across the network.
The whale started last Friday (the 16th), transferring ETH from the chain to Hyperliquid and continuously selling ETH spot. Meanwhile, it opened a 40x leveraged BTC long position at around $95,600 and kept adding to it. Its BTC long position once reached 350 BTC, worth approximately $33.46 million. Despite continuing to transfer and sell ETH during today’s decline in an attempt to lower the liquidation price, its BTC longs were all liquidated, resulting in a total loss of about $1.1 million.
After the liquidation, the address transferred back about 169 ETH spot to the platform and sold it, then reopened a BTC long position with 40x leverage. The new position size was $38.7 million, with an average price of about $92,600, and a liquidation price set at $91,400. Currently, this whale has become the third-largest long holder of BTC on Hyperliquid.
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