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
NYSE Cancels Crypto ETF Options Position Limit of 25,000 Contracts, SEC Exempts 30-Day Waiting Period
NYSE Arca and NYSE American, subsidiaries of the New York Stock Exchange, have submitted rule changes to the SEC to eliminate position limits on spot Bitcoin and Ethereum ETF options, effective immediately. This change affects 11 cryptocurrency ETFs and allows large, liquid ETFs to have higher position limits. Meanwhile, Nasdaq ISE has proposed increasing the position limit for IBIT exclusive options to 1 million contracts, pending review.
GateNews44m ago
BTC drops below $68,000, with a 24-hour decline of 3.47%
Gate News report: On March 23, BTC/USDT is now trading at 67971.9 USD, breaking below the 68000 USD level, with a 24-hour decline of 3.47%.
GateNews51m ago
Ethereum At the Crossroads – Breaking 0.03250 BTC Is the Key to Reigniting the Altcoin Bull Market
The current state of the crypto marketplace is marked by a profound sense of uncertainty. This state has often been referred to as “no man’s land,” and Bitcoin has consistently been the coin that elevates all others. However, at this moment, the dynamic between Bitcoin and Ethereum, is
BlockChainReporter54m ago
BTC-Gold Gap Reflects Retail vs Central Bank Demand Split, Analyst Says
The 2026 split between gold and Bitcoin is being read through the lens of two distinct buyer groups, according to Stephen Coltman, head of macro at 21Shares, a provider of crypto exchange-traded products. While gold has benefited from a sustained wave of central-bank purchases, Bitcoin remains
CryptoBreaking1h ago
