A giant whale opened a heavy short position on BTC last night and was liquidated in two rounds, with a total scale exceeding $43.3 million

Gate News message. On April 10, according to monitoring by Hyperinsight, after the BTC price rebounded to above $72k, a massive whale starting with 0x2fc triggered liquidations twice in succession overnight at 23:00 for its 40x leveraged BTC short positions. Total liquidation resulted in 423.4 BTC being liquidated, approximately $30.5 million. Among them, the single liquidation size reached $24.4 million, becoming the largest single liquidation address across the entire network in the past 24 hours. This short position was opened yesterday at 17:00.

After the liquidation, the address immediately reopened a 40x leveraged BTC short position again using an extremely narrow liquidation line, with a size of 176 BTC, approximately $12.83 million. It was liquidated again at 7:00 this morning, once more becoming the largest liquidation address within today. The combined size of the two rounds of liquidation exceeded $43.3 million, recording a loss of $580k.

At present, the address has opened a short again for the third time using 40x leverage. However, after two rounds of liquidations, the funds have been significantly depleted. Currently, it can only support opening 67 BTC shorts, approximately $4.85 million, with a liquidation price of $72,669. Address: 0x2fc3195efbf91ad90854bc3c02fe739895c23460