Data: A certain BTC whale stubbornly held onto a long position of 8.8 million USD and was liquidated, having been only 0.06% away from a margin call earlier; it briefly rebounded in the afternoon, refusing to cut losses

According to monitoring by Hyperinsight, during the continued pullback of BTC from its peak last night, the whale on Hyperliquid with address 0xc6c chose to go against the trend, going long on 109.7 BTC with 35x leverage, amounting to 8.8 million USD, at an average price of 82,000 USD, with a liquidation line at 80,650 USD.

This morning, the downward trend of BTC continued, and the price briefly hovered near the liquidation line, with a price difference of less than 50 USD (about 0.06%). The whale may have given up on closing the position for the first time as most of the funds were already lost on paper. Later in the afternoon, BTC rebounded to around 81,680 USD, significantly recovering on paper, and the unrealized loss narrowed. However, the whale chose to remain inactive again. Ultimately, in the past 10 minutes, BTC faced a large-scale liquidation during a second drop, and then manually stopped out before the next round of liquidation, with the account balance dropping below 100,000 USD.