Gate News reports that on March 17, according to on-chain data monitoring, BTC surged briefly close to $76,000 before pulling back. Since falling below $75,000 in the past hour, a whale with the address starting with 0x8d6 has experienced three large liquidations on a decentralized derivatives platform, totaling 195.2 BTC, approximately $14.5 million. The largest single liquidation was $5.98 million, the biggest on-chain liquidation in the past 24 hours.
After being liquidated, this address still holds a 40x leveraged long position in BTC, with a position size of $15.2 million, an average entry price of $74,300, and a liquidation price of $74,120. The current price has once again approached its liquidation threshold.
Last night and this morning, this address experienced multiple liquidations, with total losses of about $10.7 million. During the rebound, it chased the rally, pushing its position size up to $30.3 million, making it a major aggressive long in this market cycle.
Note: Five minutes after this report was published, the whale was liquidated again for 41 BTC, approximately $2.96 million, with the next liquidation price at $73,904.
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