BTC liquidation dominates the entire network in the past 4 hours, with a single large whale order on Hyperliquid being liquidated for $11.6 million.

BlockBeats News, February 9 — According to monitoring by HyperInsight and CoinGlass, influenced by Bitcoin’s brief surge to $72,300 this morning, the total liquidations across the entire network in the past 4 hours amounted to approximately $93.14 million, ranking first among all asset liquidations, with 81.4% being short positions. Sixty percent of the liquidations occurred on the Hyperliquid platform.

Monitoring shows that on Hyperliquid, a whale holding BTC short positions starting with 0x5dc was liquidated in 201 instances, totaling approximately $14.49 million. The largest single liquidation was $11.63 million, which has now been fully closed. During the same period, another large liquidation exceeding $18 million occurred on the platform.