Bitcoin Spike Above $74,000 Triggers $15.7M in Hyperliquid Short Liquidations

Bitcoin briefly climbed above $74,000 at 1:00 on March 5, triggering successive liquidations of several large short positions on Hyperliquid, Hyperinsight data show. Whale address 0xebe, which had rolled over its BTC short the previous day, suffered two liquidations totaling 214 BTC in shorts worth about $15.7 million, with the largest single event wiping out roughly 171 BTC valued at around $12.6 million—the biggest individual liquidation on the platform. Another whale address starting with 0xe42 saw nine BTC short positions liquidated over the past 11 hours for approximately $9.92 million, while address 0x1fd incurred liquidations of about $2.71 million. All three addresses are currently rebuilding high-leverage BTC short positions following the liquidations.