The largest on-chain BTC long position was liquidated for $10.27 million, the biggest single liquidation across the entire network in the past 24 hours.

MarsBitNews · 2026-03-06T08:25:04+00:00

Mars Finance reports that on March 6th, monitoring showed that a whale address was liquidated due to a drop in BTC price, with a single liquidation of 146 BTC, approximately $10.27 million, becoming the largest liquidation within 24 hours. The address still holds a 40x leveraged long position, with the next liquidation price at $69,997, and a position size of approximately $41.6 million.

MarsBitNews

2026-03-06 08:25:04

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Mars Finance News: On March 6, according to Hyperinsight monitoring, in the past 2 hours, a whale holding a long position in BTC starting with 0x1bf was liquidated when the price dropped to $70,151. The liquidation involved 146 BTC, approximately $10.27 million, making it the largest single liquidation across the entire network in nearly 24 hours. Currently, this address still holds a 40x leveraged BTC long position, with a position size of about $41.6 million, an average entry price of $71,440, and a next liquidation price of $69,997, about 1.4% away from liquidation. Last night, this address closed all its BTC short positions worth $32.5 million at an average price of $72,300, locking in profits. Afterwards, after BTC fell below $72,000, it reversed to open a long position, pushing the holdings up to $52 million at one point, becoming the largest long position on Hyperliquid. From a short to a long and then to liquidation, all within less than 24 hours.

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