ChainCatcher reports that, according to Hyperinsight monitoring, the largest long address for BTC (0xdf1) was liquidated 4 more times within the past hour, with a total liquidation value of approximately $3.9 million. As of now, this address has been liquidated 24 times in the past 24 hours, with its funds sharply shrinking from a high of about $2.66 million yesterday to just $140,000, a decline of over 94.7%. The next liquidation price for its remaining BTC holdings is at $65,370.
On March 1, after the official announcement of Iran’s Supreme Leader Khamenei’s death, this address quickly opened a long position on BTC with 40x leverage, possibly betting that the war would end soon and the market would rebound. Its BTC long position once reached 1,000 coins (about $66.83 million), making it the largest on-chain BTC long at that time, with a liquidation price around $66,560. The funds for this heavy bet did not come from new margin but from unrealized gains on SOL longs. On February 28, this address deposited about $470,000 into Hyperliquid, using an average entry price of $78 with high leverage to bottom-fish SOL. The next day, SOL rose to $88, and its principal was more than five times larger. This unrealized profit supported its BTC bet but also increased the risk of liquidation for both positions as the price declined.
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