A significant liquidation event occurred on the Hyperliquid platform as a whale address, starting with 0x5dc2, faced a single liquidation of $11.86 million. This marks the largest single liquidation in the current round of market volatility. The whale's BTC short position was liquidated twice, totaling approximately 219 BTC, valued at $13.82 million. This address had previously been liquidated on February 9 due to a $14.49 million margin call. The total network liquidation volume for Bitcoin reached approximately $196 million in the past 24 hours, affecting both long and short positions. Despite the recent liquidation, the whale has reopened a 40x leveraged BTC short position, valued at approximately $14.55 million, with an entry price of $67,860 and a liquidation price of $68,690.