BTC Whale Holds Long Position Through Dip, Faces over 5x Position Loss, $11.4M Liquidated Today

BlockBeats News, February 5th, according to Hyperinsight monitoring, the BTC main long address starting with 0x4b6 has been continuously liquidated in the past two hours, with a total liquidation amount of $11.46 million, and the largest single liquidation amount reaching $3.08 million, becoming the second largest single liquidation address in the entire network in nearly 6 hours.

Since January 19th, this address has been holding the position since longing with a principal of $1.7 million. The account funds are now less than $50,000, with a total loss of $1.64 million today.

Currently, the 40x leveraged BTC long position of this address has been liquidated for 158 BTC (approximately $11.22 million), with only $3.98 million remaining in the position and a floating loss of $490,000, resulting in a loss ratio of -492%. It is only 0.54% away from the next liquidation price ($70,574).

The 25x leveraged ETH long position it simultaneously held has also been close to zeroed out in this round of liquidation, with a previous floating loss as high as -1134%, equivalent to more than 11 times the position's principal.