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GOOGL $321.17 -0.24%
MSFT $523.25 +0.77%
META $642.82 -0.04%
NVDA $211.56 -0.40%
TSLA $371.39 -0.73%
SNDK $1,237.45 -3.55%
INTC $86.65 +0.80%
SPCX $147.05 -0.41%
MU $882.72 +1.83%
AMD $517.73 +1.58%

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

2026-03-02 16:35:03

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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