According to the latest monitoring data from HyperInsight and Coinglass, on January 19, a major crypto investor faced multiple large-scale liquidations on Hyperliquid following a short-term BTC price drop of over 3.5%. Among these, a single liquidation reached $25.83 million, marking the largest 24-hour loss recorded across all platforms.
Whale’s $33 Million Leveraged Long Position Fully Liquidated
The whale started transferring ETH from the blockchain to the exchange and selling it off continuously from January 16. At the same time, it began opening BTC long positions with 40x leverage at around $95,600 per BTC. Its BTC long holdings once reached 350 coins, worth approximately $33.46 million.
Despite attempts to sustain the position by transferring and selling more ETH during the price decline, the entire position was eventually liquidated, resulting in a total loss of about $1.1 million.
Post-Liquidation Re-Entry with a $38.7 Million Long Position
Rather than exiting the market, the whale quickly adjusted its strategy. Shortly after the liquidation, the address transferred approximately 169 ETH to the platform and sold them off. It then re-entered with a new 40x leveraged BTC long position, valued at $38.7 million, with an average entry price of around $92,600 and a liquidation level set at $91,400.
Currently, this whale has become the third-largest BTC long holder on Hyperliquid, signaling a strong belief in the asset’s future despite the recent setback.