Air Force Commander Suffers Another $120M Loss, Becomes Largest Liquidation Address in 24H
According to the latest data from Coinbob Hot Addresses Monitoring and Coinglass, the well-known bearish address (0xd83) experienced another wave of liquidations on Jan 26 due to two sudden crypto price surges, resulting in a total loss of $120 million. This makes it the largest liquidation address in the past 24 hours.
Detailed Breakdown of Liquidations
The address was hit by two price spikes at 16:00 and 23:00 UTC, with the largest single liquidation reaching $38.8 million.
- BTC Shorts: Approximately 623.5 BTC (valued at $55.74M) were liquidated in two waves, with the current position valued at $61.42M and a liquidation price at $90,150.
- ETH Shorts: Around 23,900 ETH (worth $69.95M) were liquidated, with the remaining position valued at $47.9M and a liquidation price at $3,007.
- PEPE Shorts: $7.37M in cumulative liquidations, with the current position valued at $4.04M.
Continued Losses, Monthly Drawdown Exceeds $17M
Previously, this address had rolled over positions multiple times and was once the largest short for BTC, ETH, and PEPE, with a total short position nearing $500 million. After a $199M liquidation on Jan 22, it re-entered the market with a $300M short, but recent losses have been persistent.
Following this latest round of liquidations, the total position has dropped to around $113M, with minor repositioning observed afterward. The monthly drawdown has now surpassed $17M, signaling a significant blow to bearish sentiment.