The largest BTC long position was liquidated 24 times within 24 hours, and a long bet on the assassination of Hameini was made, betting on the end of the war.

On March 2nd, according to Hyperinsight monitoring, the largest long address for BTC (0xdf1) was liquidated 4 more times within the past hour, with a total liquidation value of approximately $3.9 million. As a result, the address has been liquidated 24 times in the past 24 hours, with its funds sharply shrinking from a high of about $2.66 million yesterday to only $140,000, a decline of over 94.7%. The next liquidation price for its remaining BTC holdings is at $65,370.

On the morning of March 1st, after the official announcement of Iran’s Supreme Leader Khamenei’s death, this address quickly opened a long position on BTC with 40x leverage, possibly betting that the war would end soon and the market would rebound. Its BTC long position once reached 1,000 coins (about $66.83 million), making it the largest on-chain BTC long at that time, with a liquidation price around $66,560.

The funds for this high-stakes bet did not come from new margin but from unrealized gains on SOL longs. On February 28th, the address deposited about $470,000 into Hyperliquid, using an average entry price of $78 with high leverage to bottom-fish SOL. The next day, SOL rose to $88, and its principal was multiplied more than 5 times. This unrealized profit supported its bold BTC gamble but also increased the risk of liquidation for both positions as prices declined.