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ZEC $510.17 +5.27%
BTC $63,497.73 +0.90%
ETH $1,895.49 +0.95%
BNB $603.90 -0.42%
XRP $0.9979 -0.11%
SOL $75.31 +0.22%
TRX $0.3317 +0.02%
DOGE $0.0700 +0.33%
ADA $0.1736 -1.43%
BCH $203.35 -0.29%
LINK $9.52 +2.22%
HYPE $59.04 +3.22%
AAVE $86.49 +0.71%
SUI $0.6752 -0.19%
XLM $0.1573 +0.35%
ZEC $510.17 +5.27%

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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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