A short-term market pullback triggered sequential liquidations of seven large crypto whales, with the entire crypto network recording $116 million in liquidations within one hour.

Bitcoin (BTC) saw a short-term pullback, falling below $83,000, triggering around $116 million in liquidations across the entire network in the past hour, with long positions accounting for roughly $113 million, or 97.66% of the total. Specific liquidations by asset: BTC hit ~$51.086 million, Ethereum (ETH) ~$29.582 million, and XRP ~$7.847 million. Among these, decentralized exchange Hyperliquid recorded $39.451 million in liquidations during the same period, making up about 34.11% of the total network liquidations, almost all of which were long-position liquidations. The six main addresses involved are as follows: - 0x926a…: All $8.292 million worth of BTC long positions were liquidated. 100 BTC were forcibly closed in roughly 4 seconds at an average execution price of $82,920, resulting in a loss of around $174,000. - 0xabf6…: $6.725 million worth of BTC and ZEC long positions were partially liquidated. As of 17:40, the address still holds around 296 BTC and 1,581 ZEC long positions. - 0xcbbc…: The address faced successive liquidations of BTC and ETH totaling $6.387 million. Positions in both assets have been fully closed, with a combined loss of around $113,000. - 0x0631…, 0x8621… and 0x4378…: These three addresses had long positions worth approximately $1.195 million, $699,000 and $471,000 forcibly closed respectively in this round, and all still hold remaining positions. - 0x947e…: All $2.349 million worth of XRP long positions were liquidated. Around 1.5948 million XRP were forcibly closed in batches at an average execution price of ~$1.4728, resulting in a loss of around $68,100. The address currently holds no remaining contract positions.