#加密市场大幅回调，多名巨鲸遭遇清算
Longs were wiped out en masse in this downturn. Liquidations repeatedly exceeded $1 billion in 24 hours, with longs accounting for 80%–93%.
1️⃣ Four whales were liquidated for a combined total of about $144 million:
- 0x6046: 12,742 ETH + 537 BTC (over $63 million)
- 0x01e2: 511 BTC (about $36.4 million)
- 0x5f91: 357 BTC (about $25.15 million)
- 0x4a20: 112,000 SOL + BTC + ETH (about $18 million)
2️⃣ On Hyperliquid, 24 addresses had BTC long positions liquidated by more than $1 million each, totaling about $159 million. Three whales accounted for 64% of the total.
3️⃣ The rapid price drop below 70k triggered a cascade of liquidations, amplifying the decline. Highly leveraged longs, whether retail traders or whales, could hardly escape.
I think 👇
The clearest lesson from this round is that no matter how large your position is, high leverage makes it just more fuel when a downtrend accelerates. Whales and retail traders are almost indistinguishable when facing liquidation—the only difference is a few more zeros at the end of the number.
The market never cares who you are; it only cares whether you have enough margin. When the Fear Index hits 13, ETFs see consecutive net outflows, and the macro narrative shifts at the same time, the fate of leveraged longs is practically sealed.
The people who survive and wait for the next opportunity are never those who bet the biggest, but those who keep their risk within a range where they can try again even if they're unfairly liquidated.
$BTC
$ETH
Longs were wiped out en masse in this downturn. Liquidations repeatedly exceeded $1 billion in 24 hours, with longs accounting for 80%–93%.
1️⃣ Four whales were liquidated for a combined total of about $144 million:
- 0x6046: 12,742 ETH + 537 BTC (over $63 million)
- 0x01e2: 511 BTC (about $36.4 million)
- 0x5f91: 357 BTC (about $25.15 million)
- 0x4a20: 112,000 SOL + BTC + ETH (about $18 million)
2️⃣ On Hyperliquid, 24 addresses had BTC long positions liquidated by more than $1 million each, totaling about $159 million. Three whales accounted for 64% of the total.
3️⃣ The rapid price drop below 70k triggered a cascade of liquidations, amplifying the decline. Highly leveraged longs, whether retail traders or whales, could hardly escape.
I think 👇
The clearest lesson from this round is that no matter how large your position is, high leverage makes it just more fuel when a downtrend accelerates. Whales and retail traders are almost indistinguishable when facing liquidation—the only difference is a few more zeros at the end of the number.
The market never cares who you are; it only cares whether you have enough margin. When the Fear Index hits 13, ETFs see consecutive net outflows, and the macro narrative shifts at the same time, the fate of leveraged longs is practically sealed.
The people who survive and wait for the next opportunity are never those who bet the biggest, but those who keep their risk within a range where they can try again even if they're unfairly liquidated.
$BTC
$ETH
