ChainThink report, March 5: According to Hyperinsight monitoring, BTC briefly surged above $74,000 at 1 AM today, triggering massive liquidations of short positions on the Hyperliquid platform. Among them, a major whale address (0xebe) that rolled over BTC short positions yesterday suffered two consecutive large-scale liquidations. The cumulative liquidation volume reached 214 BTC, equivalent to approximately $15.7 million, with the largest single liquidation amounting to around 171 BTC—worth roughly $12.6 million—recording the highest single liquidation across the entire network.

Additionally, a major whale address starting with 0xe42 has experienced nine BTC short liquidations within the past 11 hours, totaling approximately $9.92 million, while another whale address beginning with 0x1fd was liquidated for $2.71 million. Currently, all three addresses have re-entered short positions at elevated leverage following their liquidations.