BTC's largest long position was liquidated 24 times in 24 hours, previously betting long on the Imam Mahdi assassination event for the end of the war.

March 2nd — Per HyperInsight (https://t.me/HyperInsight) monitoring, the former largest BTC long position address (0xdf1) incurred another 4 liquidations in the past hour, totaling ~$3.9M in liquidated value. To date, this address has faced 24 liquidations in 24 hours: its account funds have tanked from a high of ~$2.66M yesterday to just $140k, a drop of over 94.7%. The next liquidation price for its remaining BTC position is ~$65,370. On the morning of March 1, after the official report of the assassination of Iran’s Supreme Leader Ali Khamenei, the address quickly ramped up a 40x leveraged long position on BTC — likely betting on an imminent end to the conflict and a market rebound. Its BTC long position peaked at 1,000 BTC (~$66.83M at the time), making it the largest on-chain BTC long position then, with a liquidation price of ~$66,560. However, the funds for this high-stakes bet didn’t come from additional margin — they came from unrealized profits on a SOL long position. On February 28, the address deposited ~$470k into Hyperliquid, using high leverage to open a long SOL position and bottom-fish at an average price of $78. By the next day, SOL had climbed to $88, more than quintupling its initial principal. These unrealized profits funded its BTC bet but also amplified liquidation risk for both positions as prices dropped.