Data: Last Friday, a whale heavily invested in BTC with 33 million dollars faced a large liquidation, recording the largest single liquidation across the network before buying the dip again

According to monitoring by HyperInsight and Coinglass, following a brief drop of over 3.5% in BTC this morning, a whale address that started on Hyperliquid faced multiple large liquidations. The largest single liquidation amounted to $25.83 million, making it the largest single liquidation on the entire network in nearly 24 hours.

This whale began transferring and continuously selling ETH spot from the blockchain to Hyperliquid last Friday, while opening a 40x leveraged BTC long position at around $95,600 and continuously increasing the position. Its BTC long position once reached 350 BTC, with a scale of approximately $33.46 million. Despite continuing to transfer and sell ETH during today's drop in an attempt to lower the liquidation price, its BTC long position was still fully liquidated, resulting in a total loss of about $1.1 million.

After the liquidation, the address transferred approximately 169 ETH spot to the platform again and sold it, then reopened a BTC long position with 40x leverage. The new position size reached $38.7 million, with an average price of about $92,600, and the liquidation price set at $91,400. Currently, this whale has become the third largest long holder of BTC on Hyperliquid.