BTC whale that entered long positions chasing the rally was liquidated with $7.8 million in a short period, accounting for nearly 62% of the total BTC liquidations across the entire network in the past hour.

Mars Finance news, on March 31, according to monitoring by Hyperinsight, due to BTC’s short-term pullback and drop below $67,000, the low point briefly touched $66,600. Over the past hour, liquidations of BTC across the entire network totaled approximately $12.68 million, with long positions making up about 99%. On the Hyperliquid platform, a whale starting with 0x9bb was repeatedly hit by two consecutive large liquidations at around $66,730, totaling 117.6 BTC liquidated, worth about $7.846 million, accounting for 62% of the total liquidation amount across the network during the same period, and becoming the largest single on-chain liquidation address of the day. It is understood that the position was opened earlier today by chasing the rally; currently, all of the BTC long positions in the account have been liquidated, recording a loss of about $121,000, and cumulative weekly losses of $275,000. The address previously suffered the liquidation of 192.4 BTC long positions, worth about $13.5 million, when BTC pulled back below $70,000 on March 19; it became the largest single liquidation address across the entire network that day. The back-to-back liquidations caused this whale’s account to be left with only $150,000.