Hyperliquid Whale Addresses Face $15.7 Million in BTC Short Liquidations as Bitcoin Surges Past $74,000

On March 5 at 1:00 UTC, three prominent whale addresses on the Hyperliquid decentralized exchange experienced significant liquidations of their Bitcoin (BTC) short positions, totaling over $15.7 million, as Bitcoin briefly surged past the $74,000 mark. According to Hyperinsight data, address 0xebe alone faced cumulative liquidations of 214 BTC, valued at approximately $15.7 million, including a single event of 171 BTC worth around $12.6 million. Additionally, address 0xe42 recorded liquidations totaling $9.92 million across nine BTC short positions, while address 0x1fd incurred losses of approximately $2.71 million. All three addresses have reportedly re-established high-leverage BTC short positions post-liquidation.