Within 1 hour, 23% of the entire BTC network was liquidated in a single whale transaction: A $13.5 million long position was liquidated, marking the largest liquidation in a single day

March 19th — According to monitoring from HyperInsight, Bitcoin (BTC) briefly dipped below $70,000, hitting a low of $69,400. Over the past hour, total BTC liquidations across the network reached approximately $58.2 million, with long positions accounting for nearly 99% of the total. The Hyperliquid platform represented 48.43% of all network liquidations. Further monitoring shows that more than 23% of the past hour’s BTC liquidations stemmed from a whale address starting with 0x9bb on Hyperliquid. As BTC fell to around $70,000, this address suffered two consecutive long-position liquidations totaling 192.4 BTC (roughly $13.5 million). One of these liquidations alone was $10.8 million — the largest single liquidation across the network in the past 24 hours.