According to ChainCatcher messages and monitored by Hyperinsight, the BTC long positions starting with 0x4b6 have been continuously liquidated over the past two hours, with a total amount of $11.46 million. The largest single liquidation was $3.08 million, making it the second-largest single liquidation address in the past 6 hours across the entire network.
Since opening a long position with a principal of $1.7 million on January 19, this address has been continuously “holding the line.” As of now, the account balance has fallen below $100,000. Currently, the 40x leveraged BTC long position has been liquidated for 158 coins (approximately $11.22 million), leaving a remaining position of only $3.98 million, with an unrealized loss of $490,000, and a loss rate of -492%. The next liquidation price is only 0.54% away at $70,574. The same address also holds a 25x leveraged ETH long position, which has nearly been wiped out in this round of liquidation. Previously, this position had an unrealized loss of up to -1134%, more than 11 times the original principal.
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