BTC Flash Spike Triggers About $12.3M in Hyperliquid Liquidations

HuoXing Finance cited Hyperinsight data showing that on June 8, BTC posted a brief, five-minute surge in the morning session, momentarily pushing above $64,000. The minute-level spike swept through multiple large short positions clustered between $63,000 and $64,000, sparking a concentrated wave of liquidations on Hyperliquid. The largest single liquidation reached $6.06 million, with a liquidation price of $63,224. Hyperinsight said the biggest forced close came from a 40x-leveraged BTC short opened last Friday. The address shorted 195.8 BTC; as BTC rose from $62,700 to $63,700 in the morning, the trader repeatedly trimmed the position when price approached the liquidation threshold, making six manual partial closes within one minute. In total, 190 BTC were liquidated late overnight and early this morning, worth about $12.3 million, leaving 5.8 BTC still short. Address: 0xdfbdbc3ab86f6939cd303ea2b7f9c1b3a4e0685f