PANews reported on March 6th that, according to HyperInsight monitoring, in the past two hours, the largest BTC long position held by a whale (starting with 0x1bfPANews reported on March 6th that, according to HyperInsight monitoring, in the past two hours, the largest BTC long position held by a whale (starting with 0x1bf

The largest BTC long position on Hyperliquid suffered a $10.27 million liquidation, the largest single liquidation on the entire network in nearly 24 hours.

2026/03/06 15:57
1 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

PANews reported on March 6th that, according to HyperInsight monitoring, in the past two hours, the largest BTC long position held by a whale (starting with 0x1bf) on Hyperliquid was liquidated when the price fell to $70,151, resulting in the liquidation of 146 BTC, equivalent to approximately $10.27 million. This is the largest single liquidation on the entire network in the past 24 hours. Currently, this address still holds a 40x leveraged BTC long position, with a holding size of approximately $41.6 million, an average price of $71,440, and the next liquidation price is $69,997, approximately 1.4% away from liquidation.

Last night, this address closed out all its $32.5 million short positions in BTC at an average price of $72,300. Subsequently, after BTC fell below $72,000, it reversed course and went long, pushing its position to $52 million at one point, becoming the largest long position in BTC on Hyperliquid. From shorting to going long to being liquidated, less than 24 hours passed.

Market Opportunity
Bitcoin Logo
Bitcoin Price(BTC)
$68,581.31
$68,581.31$68,581.31
+0.10%
USD
Bitcoin (BTC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

XRP Price: Below $1 or Spike to $2 Are Main Scenarios in Upcoming Volatility Surge

XRP Price: Below $1 or Spike to $2 Are Main Scenarios in Upcoming Volatility Surge

The post XRP Price: Below $1 or Spike to $2 Are Main Scenarios in Upcoming Volatility Surge appeared on BitcoinEthereumNews.com. Price squeezed More challenges
Share
BitcoinEthereumNews2026/03/06 22:14
Wall Street urges investors to dump this OpenAI-backed stock

Wall Street urges investors to dump this OpenAI-backed stock

The post Wall Street urges investors to dump this OpenAI-backed stock appeared on BitcoinEthereumNews.com. The pre-market leading to the morning bell on March 5
Share
BitcoinEthereumNews2026/03/06 22:13
Curve Finance votes on revenue-sharing model for CRV holders

Curve Finance votes on revenue-sharing model for CRV holders

The post Curve Finance votes on revenue-sharing model for CRV holders appeared on BitcoinEthereumNews.com. Curve Finance has proposed a new protocol called Yield Basis that would share revenue directly with CRV holders, marking a shift from one-off incentives to sustainable income. Summary Curve Finance has put forward a revenue-sharing protocol to give CRV holders sustainable income beyond emissions and fees. The plan would mint $60M in crvUSD to seed three Bitcoin liquidity pools (WBTC, cbBTC, tBTC), with 35–65% of revenue distributed to veCRV stakers. The DAO vote runs from up to Sept. 24, with the proposal seen as a major step to strengthen CRV tokenomics after past liquidity and governance challenges. Curve Finance founder Michael Egorov has introduced a proposal to give CRV token holders a more direct way to earn income, launching a system called Yield Basis that aims to turn the governance token into a sustainable, yield-bearing asset.  The proposal has been published on the Curve DAO (CRV) governance forum, with voting open until Sept. 24. A new model for CRV rewards Yield Basis is designed to distribute transparent and consistent returns to CRV holders who lock their tokens for veCRV governance rights. Unlike past incentive programs, which relied heavily on airdrops and emissions, the protocol channels income from Bitcoin-focused liquidity pools directly back to token holders. To start, Curve would mint $60 million worth of crvUSD, its over-collateralized stablecoin, with proceeds allocated across three pools — WBTC, cbBTC, and tBTC — each capped at $10 million. 25% of Yield Basis tokens would be reserved for the Curve ecosystem, and between 35% and 65% of Yield Basis’s revenue would be given to veCRV holders. By emphasizing Bitcoin (BTC) liquidity and offering yields without the short-term loss risks associated with automated market makers, the protocol hopes to draw in professional traders and institutions. Context and potential impact on Curve Finance The proposal comes as Curve continues to modify…
Share
BitcoinEthereumNews2025/09/18 14:37