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BTC $75,806.45 -0.67%
ETH $2,254.90 -1.48%
BNB $617.66 -1.03%
XRP $1.37 -0.75%
SOL $83.02 -1.25%
TRX $0.3229 +0.07%
DOGE $0.1039 +4.65%
ADA $0.2445 -0.86%
BCH $447.73 -1.13%
LINK $9.11 -1.19%
HYPE $39.92 -0.44%
AAVE $93.30 -3.19%
SUI $0.9068 -1.88%
XLM $0.1596 -1.33%
ZEC $326.27 -2.79%
BTC $75,806.45 -0.67%
ETH $2,254.90 -1.48%
BNB $617.66 -1.03%
XRP $1.37 -0.75%
SOL $83.02 -1.25%
TRX $0.3229 +0.07%
DOGE $0.1039 +4.65%
ADA $0.2445 -0.86%
BCH $447.73 -1.13%
LINK $9.11 -1.19%
HYPE $39.92 -0.44%
AAVE $93.30 -3.19%
SUI $0.9068 -1.88%
XLM $0.1596 -1.33%
ZEC $326.27 -2.79%

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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