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Long-Term "HODL" User in the Crypto Space Faces Waterloo Today, Experiencing a Whopping $6.74 Million Loss in One Day, Giving Back All Profits

2 hours ago

February 28th — PolyBeats monitoring reveals that on the prediction market Polymarket, user @anoin123 had been taking long positions betting the U.S. would not strike Iran ahead of the upcoming settlement date. The user typically buys in when market probability ranges between 70-90%, targeting "buying the dip" gains. Using this strategy, they accumulated over $2 million in long-term profits. However, after the U.S. announced a strike on Iran today, the user suffered a single-day loss of over $4 million — wiping out all prior "buying the dip" profits. Currently, the user’s account faces a total loss of $4.49 million, with today’s single-day loss hitting $6.74 million.
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The targets of the Israeli airstrikes include Iran's Supreme Leader and President.

On February 28 — Two Israeli sources with knowledge of the operation said Saturday morning’s Israeli strike on Iran targeted senior Iranian officials, including Supreme Leader Ayatollah Ali Khamenei, Armed Forces Chief of Staff Sayyid Abdul-Rahim Mousavi and President Mahmoud Pezeshkian. Additional targets, per the Israeli sources, included Ali Shamkhani, secretary of Iran’s newly established Defense Commission, and Ali Larijani, secretary of Iran’s National Security Council. It remains unconfirmed whether any senior Iranian officials were wounded in the strike.

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US Military Official Oversees Iran Operation at Mar-a-Lago

On February 28, a source stated that U.S. Secretary of Defense Lloyd Austin and Joint Chiefs of Staff Chairman Gen. Mark Milley were overseeing an operation targeting Iran at Mar-a-Lago in Florida.

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View: Cryptocurrency Unluckily Emerges as the Top Choice for Weekend Risk-Off Hedging

On February 28th, DeFiance Capital founder Arthur said: “Unfortunately, crypto has become the go-to short hedge for risk-off weekends.”

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On-chain BTC and ETH maximum long positions together are currently facing a total loss of over $13 million, with no deleveraging yet.

**February 28 –** Per monitoring from crypto analytics firm HyperInsight (Telegram: https://t.me/HyperInsight), two of the largest long-whale positions in BTC and ETH have seen unrealized losses swell amid ongoing market downturns. Combined losses for the pair exceed $13 million. As of press time, neither position has been closed or reduced. Key position details: - **pension-usdt.eth**: 3x leveraged BTC long | Size: $63M | Avg. entry: $66,800 | Unrealized loss: $3.17M (15%) - **ETH Whale**: 15x leveraged ETH long | Size: $129M | Avg. entry: $1,991 | Unrealized loss: ~$9.6M (-110%)

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Iran's Supreme National Security Council: Has Responded to US Military Action

February 28 — Iranian media reported on February 28 that Iran’s Supreme National Security Council (SNSC) has released Announcement No. 1, stating that Iran’s armed forces have strongly responded to military actions by the U.S. and Israel. (Xinhua)

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UAE Debris Fall Results in Death of Asian Expat

On February 28th, the Emirates News Agency (WAM) reported that UAE authorities have addressed a shrapnel incident in an Abu Dhabi residential area, which caused material damage and the death of an Asian national.

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