The largest short position on ZEC on Hyperliquid has increased to a $20 million unrealized loss, with an additional $5 million margin added.
On November 16th, as per the monitoring of
HyperInsight, the largest short position in ZEC on Hyperliquid has been held for more than a month. In the early hours of today, an additional 5 million USDC was transferred to the account to increase the margin. The 5x leveraged short position in ZEC was opened at $360. With the current price of ZEC at $686, the liquidation price at $1084, and the unrealized loss has risen to $20 million. The address initiated the short position in ZEC on October 11th and continued to average down during the uptrend.
This whale also opened a 15x leveraged short position in ETH worth $26 million. Currently, it has an unrealized gain of $7 million with an entry price of $4,094.
4 minutes ago
Viewpoint: Cryptocurrency Index ETF Will Lead the Next Wave of Adoption
On November 16th, Will Peck, the Head of Digital Assets at WisdomTree, predicted that an ETF holding a diversified cryptocurrency portfolio would fill a significant market gap in the coming years and become one of the next waves of adoption. A multi-asset cryptocurrency basket enables users to access the entire industry while reducing the "idiosyncratic risk" of investing in a single token. Will Peck stated, "We refer to cryptocurrency as an asset class, but it is actually a technology. Despite the general correlation, the underlying return drivers of each token are actually quite different because we are at this stage of the market right now."
Several cryptocurrency index ETFs have already been launched this year. This Thursday, the asset management firm 21Shares announced the launch of two cryptocurrency index ETFs: the 21Shares FTSE Crypto 10 Index ETF (ticker: TTOP) and the 21Shares FTSE Crypto 10 ex-BTC Index ETF (ticker: TXBC). Both track the FTSE Russell Crypto Index, providing
4 minutes ago
Bitcoin Drops Below $95,000, 24-hour Decrease of 0.7%
Update: On November 16th, as per HTX market data, Bitcoin fell below $95,000, experiencing a 24-hour loss of 0.7%.
4 minutes ago
「Whale」 Marginally Increases Long Position on ETH by 25x, Position Worth Around $25 Million
On November 16th, as per the monitoring of
HyperInsight, "Buddy" Huang Lizheng partially closed his long position in ETH this morning and then slightly increased it again. Currently, his 25x long position in ETH is valued at approximately $25 million. The opening price is $3,397, the liquidation price is $3,049, the current ETH price is $3,154, and there is an unrealized loss of $1.9 million.
"Buddy" realized a profit of $770,000 in the past week, and the total loss in the account is now reported to be $16.43 million.
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Glassnode: Only about 5% of the altcoin supply is in profit, unprecedented divergence between Bitcoin and altcoins
On November 16th, Glassnode made an announcement. It stated that the relative profitability of alternative coins has dropped to the deep capitulation zone. Currently, only approximately 5% of the supply of alternative coins is in a profitable state. Meanwhile, the profitability ratio of Bitcoin has just begun to decline sharply. This unusual divergence between Bitcoin and alternative coins is something that has never occurred in previous cycles according to American language habits.
4 minutes ago
A Whale Holds Massive Short Positions on BTC, XRP, and ZEC, Totaling Over $190 Million
On November 16th, as per the monitoring of LookOnChain, a whale entity has established a large short position on BTC, XRP, and ZEC, with a total value exceeding $190 million. The current positions are detailed as follows:
There is a short position on BTC with a 40x leverage, amounting to $148 million. The opening price is $96,065.2, and the liquidation price is $97,560.2.
There is a short position on XRP with a 20x leverage, valued at $27.3 million. The opening price is $2.225, and the liquidation price is $2.5.
There is a short position on ZEC with a 10x leverage, worth $20.6 million. The opening price is $652, and the liquidation price is $775.
4 minutes ago