PANews reported on March 2nd that, according to Hyperinsight monitoring, the former largest long position in BTC (0xdf1) suffered four more liquidations in the past hour, with a total liquidation value of approximately $3.9 million. This brings the total number of liquidations for this address in the past 24 hours to 24, with the account balance plummeting from a high of approximately $2.66 million yesterday to just $140,000, a drawdown of over 94.7%. The next liquidation price for its remaining BTC holdings is $65,370.

On March 1st, after the official announcement of the assassination of Iranian Supreme Leader Khamenei, this address quickly opened a large long position in BTC with 40x leverage, possibly betting on the imminent end of the war and a market recovery. Its BTC long position once reached 1,000 BTC (approximately $66.83 million), becoming the largest long position in BTC on-chain at the time, with a liquidation price of approximately $66,560. This large bet did not originate from new margin deposits, but rather from unrealized profits from its SOL long position. On February 28th, this address deposited approximately $470,000 into Hyperliquid, using a high leverage to buy SOL at an average price of $78. The next day, SOL rose to $88, and its initial investment more than increased fivefold. This unrealized profit supported its BTC bet, but also amplified the liquidation risk of both positions when the price declined.