Gate News reports that on March 18, according to Hyperinsight monitoring, the price of natural gas (a commodity futures contract) in the United States briefly fell by 3.6%. Within an hour, the total liquidation amount across the network topped the list, and over the past week, it has fallen by 11.6%. Hyperliquid currently reports a price of $2.91. As a result, the largest long position address on the NATGAS chain (0xd50) was liquidated twice after the price fell below $2.91, and is now completely wiped out. The total liquidation volume reached 638,364 contracts, approximately $1.856 million, with a recorded loss of $200,000. Additionally, this address currently holds about $8 million in BTC short positions, along with equal amounts of crude oil and gold long positions as hedges. However, recent BTC performance has been significantly stronger than most assets, leading to losses on both long and short positions.
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