In the past hour, total liquidations across the network reached $11.46 million, with $1.40 million from long positions, with $10.06 million from short positions. BTC liquidation $3.61 million, ETH liquidation $3.35 million.

According to Huoxun Finance, monitoring data shows that after ETH fell below $1,600, the 120,000 ETH long positions held by whales associated with BIT (formerly Matrixport) with high leverage (15-20 times) have suffered a floating loss of over $84 million, and have already paid $1.85 million in funding fees.

According to Arkham's monitoring, as reported by Odaily Planet Daily, "Big Brother Machi" has accumulated losses of $80 million in the past year trading crypto perpetual contracts on Hyperliquid. This latest liquidation marks his first instance of failing to immediately deposit additional funds into his account.

Huoxun Finance reports that Huasheng Securities issued a notice to its clients on the morning of June 6th, stating that starting June 15th (Beijing time), it will adjust services for existing investor accounts in mainland China. This includes suspending new openings and adding to positions in all types of securities, including stocks; only selling and closing positions will be supported. Transfers of funds and securities into the account will be suspended, while transfers out will remain normal. This adjustment will not affect services provided to existing investors overseas, nor will it affect the security of existing assets for all clients. Clients can continue to check their accounts and manage their existing holdings as usual.

According to on-chain data, as ETH fell below $1,600, the 120,000 ETH long position held by a BIT-linked whale has now incurred a floating loss of over $84 million. Data shows that this position was established using 15 to 20 times leverage, and has also paid approximately $1.85 million in funding fees.