BlockBeats News, June 4th, according to Hyperinsight Monitor, today's largest liquidation across the whole network was dominated by a whale that previously got liquidated on a BTC long and another whale liquidated on a ZEC long, triggering a steep market drop and primarily crushing the longs. Around noon, BTC's bounce back wrecked the biggest address that tried to catch the falling knife during the downturn. After this whale was forcefully liquidated in a hefty amount, the market saw a slight pullback again. 4 hours ago, Hyperliquid's "BTC Largest Short" faced two consecutive liquidations during the market rebound, with a total of 454 BTC being forcefully liquidated, valued at roughly $29.3 million, setting a new record for the largest single liquidation on the entire network today. Due to margin loss, the whale's HYPE long position also took a small hit. Reports indicate that this whale kept adding to its position and rolled over to short during the previous market slump, causing its liquidation price to fall below the average entry price. As of press time, the address still holds a BTC short worth about $32.8 million, with the next liquidation price at $64,713, and the position size has now retreated to become the second largest BTC short on Hyperliquid. Address: 0xd6803927489a9aa01500695c635f7f6747973496-HyperInsight Bot is now online. Add @HyperInsightBot to your Telegram community and set it as an administrator (message-sending permission must be enabled) to automatically sync on-chain information.