A BTC whale address was liquidated for over $11.4 million, with unrealized losses reaching five times the principal.

According to Hyperinsight monitoring, the BTC major long address starting with 0x4b6 has been liquidated for a total of $11.46 million in the past two hours, with the largest single liquidation amounting to $3.08 million, making it the second largest single liquidation address on the entire network in the past six hours. This address opened a long position with a principal of $1.7 million on January 19, but now the account balance is less than $100,000. Its 40x leveraged BTC long position has been liquidated for 158 BTC (approximately $11.22 million), with only $3.98 million in positions remaining and an unrealized loss of $490,000, resulting in a loss rate of -492%. In addition, its 25x leveraged ETH long position has also almost been wiped out, with an unrealized loss rate once reaching -1134%.