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BTC $76,324.20 -0.30%
ETH $2,270.35 -0.97%
BNB $619.55 -0.83%
XRP $1.38 -0.13%
SOL $83.81 -0.38%
TRX $0.3235 +0.51%
DOGE $0.1070 +7.08%
ADA $0.2473 -0.04%
BCH $448.43 -0.88%
LINK $9.16 -0.99%
HYPE $40.22 +0.24%
AAVE $93.18 -3.84%
SUI $0.9154 -1.22%
XLM $0.1602 -1.11%
ZEC $328.76 -2.20%
BTC $76,324.20 -0.30%
ETH $2,270.35 -0.97%
BNB $619.55 -0.83%
XRP $1.38 -0.13%
SOL $83.81 -0.38%
TRX $0.3235 +0.51%
DOGE $0.1070 +7.08%
ADA $0.2473 -0.04%
BCH $448.43 -0.88%
LINK $9.16 -0.99%
HYPE $40.22 +0.24%
AAVE $93.18 -3.84%
SUI $0.9154 -1.22%
XLM $0.1602 -1.11%
ZEC $328.76 -2.20%

sina

The former largest BTC bull was liquidated 24 times within 24 hours, having placed a long bet on the end of the war at the node where Khamenei was assassinated

According to Hyperinsight monitoring, the largest long address for BTC (0xdf1) has faced 4 liquidations in the past hour, with a total liquidation value of approximately $3.9 million. Thus, this address has been liquidated a total of 24 times in the past 24 hours, with account funds plummeting from a high of about $2.66 million yesterday to just $140,000, a drawdown 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 the assassination of Iran's Supreme Leader Khamenei, this address quickly opened a long position in BTC with 40x leverage, possibly betting that the war would soon end and the market would recover. Its BTC long position once reached 1,000 coins (approximately $66.83 million), making it the largest long position on-chain at that time, with a liquidation price of about $66,560. The funds for this heavy bet did not come from new margin but rather from the unrealized gains of a long position in SOL.On February 28, this address deposited approximately $470,000 into Hyperliquid, using high leverage to bottom fish SOL at an average price of $78. The next day, SOL rose to $88, and its principal once increased more than 5 times. This unrealized gain supported its bet on BTC, but also amplified the liquidation risk for both positions as prices declined.
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