BTC $78,510.98 -0.84%
ETH $2,485.86 -0.05%
BNB $749.72 +1.37%
XRP $1.42 +1.62%
SOL $103.37 -0.54%
TRX $0.3379 +1.02%
DOGE $0.0898 -0.60%
ADA $0.2213 +0.61%
BCH $257.33 -1.08%
LINK $12.56 -1.69%
HYPE $84.34 -1.31%
AAVE $129.00 -2.41%
SUI $0.8153 -1.83%
XLM $0.1886 -2.14%
ZEC $1,145.17 -1.06%
BTC $78,510.98 -0.84%
ETH $2,485.86 -0.05%
BNB $749.72 +1.37%
XRP $1.42 +1.62%
SOL $103.37 -0.54%
TRX $0.3379 +1.02%
DOGE $0.0898 -0.60%
ADA $0.2213 +0.61%
BCH $257.33 -1.08%
LINK $12.56 -1.69%
HYPE $84.34 -1.31%
AAVE $129.00 -2.41%
SUI $0.8153 -1.83%
XLM $0.1886 -2.14%
ZEC $1,145.17 -1.06%

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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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