Hyperinsight: Largest Bitcoin Long Wallet 0xdf1 Faces $3.9M Liquidations (forced position closures)

Wallet 0xdf1 experienced 24 liquidation events over 24 hours, causing its balance to plummet from $2.66M to $140K, with the next Bitcoin liquidation price at $65,370.

BTC

SOL

HYPE

44d ago

Summary

Bitcoin's largest long address, 0xdf1, faced $3.9 million in liquidations in 24 hours, dropping its balance from $2.66 million to $140,000. The next Bitcoin liquidation price is identified at $65,370. The wallet, which opened 40x BTC longs using SOL gains on Hyperliquid, saw its funds decrease by 94.7%.

Terms & Concepts

Liquidation: Forced closure of a leveraged position when margin becomes insufficient, typically executed automatically by an exchange or protocol.
Liquidation level: A specific price at which leveraged positions are forcibly closed due to insufficient collateral.
Drawdown: The percentage decline from a peak portfolio value to a subsequent low, measuring capital loss severity.