Yesterday, a whale that was "liquidated for 25 million" suffered another 10 million yuan liquidation, marking the largest single liquidation on the entire network in nearly 24 hours.

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MarsBit
03-27
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According to Mars Finance, on March 27th, Hyperinsight monitoring showed that due to a short-term drop in BTC price, all long positions in BTC, HYPE, and SOL held by a whale(address starting with 0x965) were liquidated after BTC fell below $66,830, resulting in a total liquidation of $13.53 million, making it the largest single liquidation address on the entire network in the past 24 hours. Specifically, 74.2 BTC (approximately $4.96 million), 48,600 SOL (approximately $4.06 million), and 118,000 HYPE (approximately $4.51 million) were liquidated. Looking back to yesterday, this address had already experienced liquidations when BTC fell to around $69,500, with its cross margin leveraged long positions in the S&P 500 and ETH being liquidated simultaneously, resulting in a total liquidation of over $25 million. After re-entering the market today to add to its position, it was again liquidated, bringing the total liquidation over the past two days to over $38 million.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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