A significant Bitcoin short position on Hyperliquid was liquidated twice in the past hour, totaling 169.5 BTC, or approximately $13.15 million, marking the largest liquidation on the network today. Following the liquidation, the trader utilized the remaining $220,000 in their account to initiate a long position with 40x leverage, acquiring 130.6 BTC at an average price of $77,561. This new position is valued at about $10.1 million, with a liquidation threshold set at $76,681.