BTC and ETH's largest short seller, the "Short Arm of the Law," has been liquidated for $199 million, marking the largest liquidation in the entire network in the past 24 hours.

BlockBeats News, January 22, according to HyperInsight and Coinglass monitoring, the market experienced significant volatility last night and this morning. Influenced by BTC's 2.3% short-term rise and ETH's nearly 5% rise at 3 am today, the largest bear whale on Hyperliquid, the "Air Force Commander" (0xd83), suffered a large-scale liquidation amounting to $199 million. The largest single liquidation amount was $40.22 million, marking the largest single liquidation in nearly 24 hours across the network.

The address had significantly increased its short positions in ETH, XRP, and other coins yesterday, with a total position size approaching $500 million at one point. It had also become the largest short position holder on-chain for BTC, ETH, PEPE, XRP, and other coins. Due to its use of cross-margin sharing, the whale's actions significantly pushed down the liquidation prices of multiple coins. Around 3:30 am this morning, the address's positions in five coins suffered dozens of consecutive liquidations.

In the past few hours, the whale has once again opened short positions in multiple coins. The specific liquidation and holding information is as follows:

BTC Short: Liquidation amount of 400 coins, equivalent to about $36.04 million, current position size approximately $145 million, liquidation price $90,990;

ETH Short: Largest single liquidation of 13,288 coins, total of 40,640 coins, equivalent to about $123 million, current position size approximately $96.1 million, liquidation price $3,073;

PEPE Short: Liquidation amount of approximately $7.41 million; current position size approximately $13.3 million, liquidation price $0.00579;

XRP Short: Liquidation amount of 14.88 million coins, equivalent to about $29.07 million, fully liquidated;

HYPE Short: Liquidation amount of 185,700 coins, equivalent to about $4.01 million; current position size approximately $13.11 million, liquidation price $24.64;