BTC $64,371.38 +0.31%
ETH $1,873.62 +0.75%
BNB $568.41 +0.69%
XRP $1.10 +1.46%
SOL $74.61 +1.09%
TRX $0.3308 +0.16%
DOGE $0.0728 +5.44%
ADA $0.1656 +1.27%
BCH $209.97 +0.22%
LINK $8.42 +0.85%
HYPE $58.38 -0.25%
AAVE $91.98 -2.01%
SUI $0.7144 +0.64%
XLM $0.1789 +0.91%
ZEC $486.23 -1.70%
BTC $64,371.38 +0.31%
ETH $1,873.62 +0.75%
BNB $568.41 +0.69%
XRP $1.10 +1.46%
SOL $74.61 +1.09%
TRX $0.3308 +0.16%
DOGE $0.0728 +5.44%
ADA $0.1656 +1.27%
BCH $209.97 +0.22%
LINK $8.42 +0.85%
HYPE $58.38 -0.25%
AAVE $91.98 -2.01%
SUI $0.7144 +0.64%
XLM $0.1789 +0.91%
ZEC $486.23 -1.70%

sina

All
Article
Flash

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.
app_icon
ChainCatcher Building the Web3 world with innovations.