BlockBeats News, March 18th, according to Hyperinsight monitoring, the U.S. Natural Gas price temporarily fell by 3.6%, accumulating an 11.6% drop in the past week, currently trading at $2.91 on Hyperliquid.
As a result, the largest long position address of on-chain NATGAS (0xd50) has been liquidated twice after the price dropped below $2.91, and it has now been completely liquidated. The total liquidation scale reached 638,364 contracts, equivalent to $1.856 million, resulting in a total loss of $200,000.
In addition, this address currently also holds a short position of about $8 million in BTC, as well as an equivalent scale of long positions in crude oil and gold as a hedging strategy. However, the recent trend of BTC has been significantly stronger than most assets, resulting in losses on both the long and short positions.
