According to Odaily, the cryptocurrency address 0x7e8b faced liquidation due to a market downturn, resulting in a loss of 965 BTC, valued at approximately $97.5 million, and 12,024 ETH, worth around $26.22 million. The total loss exceeded $3.5 million. Following the liquidation, the address re-entered the market with a 40x leveraged long position on BTC, currently showing a floating profit of about $1.06 million.

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