On February 5, 2026, a major $BTC long position (address 0x4b6) suffered a catastrophic $11.46 million liquidation within two hours. According to BlockBeats, the largest single wipeout hit $3.08 million.

Since January 19, the address's initial $1.7 million capital has plummeted to under $100,000. The 40x leveraged BTC position saw 158 BTC liquidated, leaving a $3.98 million size with an unrealized loss of 492%. Meanwhile, a 25x $ETH long was nearly erased, facing losses exceeding 11 times its initial capital. With BTC trading near $72,000, the next liquidation trigger is just 0.54% away at $70,574. #ETH #BTC