The largest bullish address in BTC has been liquidated 24 times in 24 hours, with fund withdrawals exceeding 94.7%

According to Hyperinsight monitoring, the largest long position address in BTC (0xdf1) has been liquidated 24 times in the past 24 hours, with a total liquidation value of about 3.9 million US dollars. The account funds have plummeted from yesterday's high of about 2.66 million US dollars to 140000 US dollars, with a drawdown rate of 94.7%. The next liquidation price for the remaining BTC holdings at this address is $65370. On the morning of March 1st, after the news of the assassination of Iran's Supreme Leader Ayatollah Khamenei was announced, the address opened a large position of 1000 BTC (approximately $66.83 million) with a leverage of 40 times, with a liquidation price of approximately $66560. The source of funds is the long floating profit of SOL. The address previously bought SOL with high leverage at an average price of $78. The next day, SOL rose to $88, and the principal increased by more than 5 times. However, the downward price led to the simultaneous increase of liquidation risks for both positions.