U.S. natural gas briefly dropped 3.6%, and on-chain NATGAS longs were liquidated for $1.85 million.

BlockBeats news, on March 18, according to Hyperinsight monitoring, the price of Natural Gas in the United States briefly fell by 3.6%. In the past hour, the total liquidation amount across the network ranked first, and in the past week, it has accumulated a decline of 11.6%. The current price on Hyperliquid is reported at $2.91.

As a result, the largest long position address of NATGAS on-chain (0xd50) was subjected to two rounds of forced liquidation after the price dropped below $2.91, and has now been completely liquidated. The total liquidation scale reached 638,364 units, equivalent to about $1.856 millions, with a total loss of $200,000 recorded.

In addition, this address currently also holds a BTC short position of about $8 millions, as well as equivalent-sized long positions in crude oil and gold as hedging allocations. However, BTC has recently performed significantly better than most assets, resulting in losses on both the long and short sides.