On January 28, monitoring data showed that due to a rapid price increase in BTC and ETH, over 80% of short positions on the Hyperliquid platform were liquidated within the past 24 hours. The whale address known as the 'Air Force Commander' suffered significant losses, with a single liquidation event totaling up to $83 million.
Details of the Largest Liquidation
In detail, the address's 40x leveraged BTC short position was liquidated at around 2534 BTC, worth approximately $22.55 million, at 4:09 a.m. Among these, the largest single liquidation occurred at approximately $88,600, amounting to $13.25 million, making it the largest single liquidation in the past 24 hours globally.
During the same period, the whale's 25x leveraged ETH short position was also liquidated, totaling about 18,980 ETH, worth approximately $56.94 million. The largest single liquidation occurred at approximately $2,989, amounting to $11.35 million.
Strategy Adjustment After Liquidation
Following the liquidation, the address quickly pivoted, opening a 40x leveraged BTC long position with a holding scale of $49 million, averaging at $89,400, with a liquidation price of $88,290. The total holding scale of this address has dropped from $110 million yesterday to $49 million today.
Previously, this address was a top short seller across multiple cryptocurrencies, with total holdings once nearing $500 million and multiple instances of rolling positions. However, it has recently faced significant liquidations, including $199 million on January 22 and $120 million on January 26.