According to Hyperinsight monitoring, in the past 2 hours, the BTC long positions held by the 0x1bf whale were liquidated when the price fell back to $70,151. The single liquidation involved 146 BTC, approximately $10.27 million, making it the largest single liquidation in the past 24 hours across the entire network.

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 the next liquidation price at $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 to realize profits. Subsequently, after BTC dropped below $72,000, it reversed to open a long position, pushing the holdings up to $52 million at one point, becoming the largest BTC long on Hyperliquid. From short to long to liquidation, it all happened in less than 24 hours.