[A Whale's BTC Drop Impacts S&P 500 Positions, Single Entity Accounts for Over $10 Million in Liquidations Across the Network in One Hour] BlockBeats news, March 26, according to monitoring by Hyperinsight, within the past hour, the total liquidation amount for S&P 500 (S&P 500 mapping contracts) across the network reached $11.7 million, ranking third after BTC and ETH. Nearly all of this liquidation amount originated from the same address on Hyperliquid, a whale address starting with 0x965. Reportedly, the trigger for this liquidation was not a significant drop in the S&P 500 itself, but rather a short-term dip in BTC that affected account margins. This caused the S&P 500 long positions opened entirely by this address to come under pressure, resulting in the liquidation of 1,779.8 long contracts in a short period, equivalent to approximately $11.63 million, with recorded losses of around $195,000.