Significant Liquidation Event on Hyperliquid Involves Major BTC Short Position

On May 25, a major BTC short position on Hyperliquid experienced significant liquidation, according to BlockBeats On-chain Detection. Over the past hour, the position was liquidated twice, resulting in a total clearance of 169.5 BTC, marking the largest liquidation event across the network today. Following the liquidation, the account holder utilized the remaining $220,000 to initiate a long position with 40x leverage, acquiring 130.6 BTC. The position, valued at approximately $10.1 million, was established at an average price of $77,561, with a liquidation price set at $76,681. The address involved in this transaction is 0x2fc3195efbf91ad90854bc3c02fe739895c23460.