A Bitcoin whale stubbornly held onto its long positions, suffering losses exceeding five times its initial investment, and has been liquidated for a t...

According to Mars Finance, on February 5th, Hyperinsight monitoring showed that a major BTC long address starting with 0x4b6 experienced continuous liquidations in the past two hours, totaling $11.46 million. The largest single liquidation was $3.08 million, making it the second largest single liquidation in the past six hours. This address long positions since January 19th with a principal of $1.7 million, and its account balance is now less than $100,000. Currently, 158 BTC (approximately $11.22 million) of its 40x leveraged long positions have been liquidated, leaving only $3.98 million in holdings, a floating loss of $490,000, and a loss rate of -492%. It is only 0.54% away from the next liquidation price ($70,574). Its concurrent 25x leveraged ETH long positions have also been almost wiped out in this round of liquidations; previously, this position had a floating loss of -1134%, equivalent to more than 11 times its initial capital.