ChainCatcher reports that, according to Hyperinsight monitoring, the largest long address for BTC (0xdf1) was liquidated 4 more times within the past hour, with a total liquidation value of approximately $3.9 million. As of now, this address has been liquidated 24 times in the past 24 hours, with its funds sharply shrinking from a high of about $2.66 million yesterday to just $140,000, a decline 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 Iran’s Supreme Leader Khamenei’s death, this address quickly opened a long position on BTC with 40x leverage, possibly betting that the war would end soon and the market would rebound. Its BTC long position once reached 1,000 coins (about $66.83 million), making it the largest on-chain BTC long at that time, with a liquidation price around $66,560. The funds for this heavy bet did not come from new margin but from unrealized gains on SOL longs. On February 28, this address deposited about $470,000 into Hyperliquid, using an average entry price of $78 with high leverage to bottom-fish SOL. The next day, SOL rose to $88, and its principal was more than five times larger. This unrealized profit supported its BTC bet but also increased the risk of liquidation for both positions as the price declined.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Circle launches a tokenized Bitcoin product called cirBTC, targeting the institutional market
Circle announced the launch of Circle Wrapped Bitcoin (cirBTC), a tokenized bitcoin product backed 1:1 by BTC. It is designed for institutional markets, supports on-chain real-time verification, and is suitable for institutional use cases, with plans to expand to multiple chains in the future.
GateNews11m ago
Bitcoin at risk of fresh lows until $76K holds as support
Bitcoin has stubbornly maintained a 60,000 to 73,000 USD trading band as macro headwinds intensify. Oil prices hover at levels not seen since 2008, geopolitical tensions flare across the US, Israel and Iran, and stock markets remain volatile after a choppy start to the year. In this environment,
CryptoBreaking19m ago
Bitcoin miner MARA laid off about 15%, a strategic transition into an energy and digital infrastructure company
One of the largest Bitcoin mining companies in the world, MARA, will lay off about 15% of its employees. The CEO said this is part of the company’s strategic transformation as it moves into the energy and AI sectors. MARA is also selling Bitcoin to repay its debts, and it expects a net loss of $1.3 billion in 2025. Affected employees will receive corresponding compensation.
GateNews21m ago
From Ethereum Knowledge Into Opportunity: Bitcoin Everlight App Now Offering 21% APY Rewards
In early 2026, Ethereum staking continues to expand despite the sustained turbulence in prices across the broader cryptocurrency market. Participation in protocol staking remains high even as the returns compress. This reinforces Ethereum’s role as one of the core infrastructure assets while
CryptoPotato51m ago
