BlockBeats News, March 26 — According to Hyperinsight monitoring, within the past hour, the total liquidation amount for the S&P 500 (S&P 500 mapped contracts) across the entire network reached $11.7 million, ranking second only to BTC and ETH, and third overall. Nearly all of this liquidation came from the same address on Hyperliquid, a whale starting with 0x965.
It is reported that the trigger for this liquidation was not a significant drop in the S&P 500 itself, but a short-term dip in BTC that affected account margins, causing the full-position long S&P 500 contracts held by this address to come under pressure. A total of 1,779.8 long positions were liquidated in a short period, approximately $11.63 million, with a loss of about $195,000.
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