Onchain BTC Long Wallet Liquidated 24 Times in 24 Hours as Balance Falls 94.7%

An address (0xdf1) holding the largest onchain BTC long position has been liquidated 24 times in the past 24 hours, with its balance dropping from about $2.66 million to around $140,000, a decline of over 94.7%, Hyperinsight data show cited by BlockBeats on March 2. The wallet was liquidated four additional times in the past hour alone, clearing roughly $3.9 million in positions, with the next liquidation price for its remaining BTC set near $65,370. The address opened a 40x leveraged BTC long on the morning of March 1 following the official announcement of the assassination of Iran's Supreme Leader Khamenei, with the position later peaking at 1,000 BTC (about $66.83 million) and a liquidation level around $66,560, funded by unrealized gains from SOL long positions rather than fresh margin. Hyperinsight data further show the trader deposited about $470,000 into Hyperliquid on February 28 to open a high-leverage SOL long at an average entry of $78, and as SOL climbed to $88 the following day, unrealized profit more than quintupled the initial capital while raising liquidation risk for both the SOL and BTC positions during any price drop.