Yesterday, the whale that heavily shorted BTC was liquidated with a scale of 43.3 million, becoming the top single liquidation address on the entire network.

robot
Abstract generation in progress

ME News, April 10 (UTC+8): According to Hyperinsight monitoring, after the BTC price rebounded to above $72,000, a giant whale starting with 0x2fc triggered liquidations twice last night at 23:00 while holding 40x-leveraged BTC short positions in succession. The total liquidations were 423.4 BTC, approximately $30.5 million. Of this, a single liquidation accounted for $24.4 million, becoming the largest single liquidation address across the entire network in the past 24 hours. This short position had been opened at 17:00 yesterday.

After the liquidation, the address immediately opened another 40x-leveraged BTC short position again using an extremely narrow liquidation line. The size was 176 BTC, approximately $12.83 million. At 7:00 this morning, it was liquidated again, once again becoming the largest liquidation address today.

The combined total size of the two rounds of liquidations exceeded $43.3 million, recording losses of $0.58 million.

Currently, the address has opened a third 40x-leveraged short; however, after two rounds of liquidations, its funds have been significantly depleted. It can now only support opening 67 BTC short positions, approximately $4.85 million, with a liquidation price of $72,669.

Address: 0x2fc3195efbf91ad90854bc3c02fe739895c23460 (Source: BlockBeats)

BTC-0.4%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin