A whale force-closed a 1x long LIT position, losing over $760,000

**January 7th Update** Per the Coinbob Popular Address Monitor, market recovery has boosted the "BTC OG Insider Whale’s" unrealized profits to $27 million. Meanwhile, the "Strategy Counterparty" has expanded its ETH short position to $79.5 million. Most whales held positions steady or made minor adjustments; key details below: ### BTC OG Insider Whale Total unrealized profits hit $27.06 million. Its core holding is an ETH long position (16% profit) worth ~$660 million at an average entry of $3,147 (unrealized gain: $21.33 million). It also holds profitable BTC and SOL long positions. Total account holdings sit at ~$825 million, making it the top ETH, BTC, and SOL long holder on Hyperliquid. ### CZ Counterparty Current ETH long position has $3.5 million in unrealized profits (~$185 million holding, avg $3,190). It also holds an XRP long position (~$87.95 million) with $1.05 million in unrealized losses. It’s the largest XRP long holder and second-largest ETH long holder on Hyp

On January 7th, Coinglass data shows the Coinbase Bitcoin Premium Index has flipped negative again, now at -0.0277%. Yesterday, the index switched from a discount to a premium after 22 days, hitting 0.011%. BlockBeats Note: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase (a leading U.S. exchange) and the global market average. It’s a key gauge of U.S. market capital flows, institutional investment interest, and shifts in market sentiment. A positive premium means Coinbase’s Bitcoin price trades above the global average, typically signaling: strong U.S. buying pressure, active entry by institutions or compliant funds, ample USD liquidity, and broadly optimistic investor sentiment. A negative premium (discount) means Coinbase’s price trades below the global average, usually reflecting: heavy U.S. selling pressure, reduced investor risk appetite, higher market risk aversion, or capital outflows.

On January 7, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that the WLFI deployment address transferred 24 million WLFI tokens to Binance—its first such move to the exchange in three weeks—valued at $4.14 million.

January 7th Security Update: Fusion Discloses Hack of Arbitrum Network USDC Fusion Optimizer Treasury On January 6th, the IPOR team was notified of a vulnerability that resulted in a $336,000 USDC loss. The exploit targeted a specific outdated version of the Fusion Vault—this was the only vault susceptible to the attack vector due to its unique configuration. The loss accounts for less than 1% of Fusion’s total insured funds. Fusion is collaborating with the Security Alliance to track and recover the stolen funds. The IPOR DAO will cover the shortfall from its treasury, and all affected depositors will be fully reimbursed.

Per on-chain analyst Ai Yi (@ai_9684xtpa), the WLFI Strategic Reserve address withdrew 162.69 WBTC (≈$15.07 million) from Aave 10 minutes ago. It then swapped 27.1 WBTC for 770.6 WETH via Cowswap (valued at ~$2.5 million) and appears to be continuing the swaps.

On January 7, CertiK Alert issued a statement noting that suspicious transactions were detected in the Fusion PlasmaVault contract. During a withdrawal call, the newly configured "fuse" contract transferred all funds (roughly $267,000) to the EOA address 0x9b1b. After that, the address moved the funds cross-chain to Ethereum and deposited them into Tornado Cash.