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「ZEC Maximalist Short」 Takes Profit on Nearly 80% of ETH Short Position, Weekly Earnings Reach $15.5 Million

2 hours ago

On February 2nd, data from Coinbob Popular Address Monitoring (via https://t.me/Coinbob_track_CN) shows the "ZEC Largest Short" address has been taking large profits on its ETH short position between February 1st and 2nd, reducing holdings by over $40 million. Its ETH short position has dropped sharply from roughly $57 million to $9.5 million—an 80% reduction. The position’s current unrealized profit stands at ~$4.2 million (662% return), with an average entry price of $3,235. This week alone, the address has accumulated $15.5 million in total profits; it was previously one of the largest on-chain ETH short positions. Notably, the address is known for building a massive ZEC short: it began shorting ZEC at $184, once facing a $21 million unrealized loss before turning profitable. It still holds shorts in ETH, ZEC, and other assets, and the recent consecutive profit-taking appears to be active gain realization.
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「Largest ZEC Short」 Opens New XMR Short, Holding Position of Approximately $1 Million

February 2nd: Per monitoring from HyperInsight (https://t.me/HyperInsight), the "ZEC Largest Short" address (0xd475...) has opened a new short position on XMR. The position totals 2,500.00 XMR, worth approximately $1,000,900, with an opening price of $708.78. The current liquidation price for this position is $10,633.86. With XMR’s current market price at $400.37, the short is in floating profit. This address is known for building large ZEC short positions: it began shorting ZEC at the $184 level, incurred a temporary unrealized loss of $21 million that later turned profitable. It also currently holds massive short positions on ETH and MON.

3 minutes ago

Curve's stablecoin crvUSD experiences slight depegging

Per Coingecko data, Curve’s stablecoin crvUSD has slightly depegged on February 2nd, hitting an intraday low of $0.9858 earlier today and currently trading at $0.9928.

3 minutes ago

A new address bought an additional 2551 ETH, with an average price of $2266

On February 2, per Onchain Lens monitoring, a new crypto address withdrew 5.78 million USDT from Binance and purchased 2551 ETH at $2,266 each.

3 minutes ago

Meme Coin MOLT Experiences Second Pump, Market Cap Reaches $50 Million, 6-Hour Surge of 120%

On February 2nd, per GMGN monitoring (via https://gmgn.ai/sol/token/i_m4TE56o8_0xb695559b26bb2c9703ef1935c37aeae9526bab07), MOLT—a meme coin on the Base ecosystem—rallied another 40%. It currently holds a market capitalization of $50.5 million, with a price of roughly $0.0005, marking a nearly 120% jump over the past 6 hours. Earlier, Naval Ravikant, a well-known Silicon Valley angel investor, noted that Moltbook is the "new reverse Turing test." BlockBeats advises users that meme coin trading is highly volatile, relying heavily on market sentiment and concept-driven hype, with no inherent value or practical use case. Investors should be mindful of the risks.

3 minutes ago

Bitcoin has dropped below the cost basis of the US spot ETF, and tonight may see a "stress test."

February 2nd – Per Glassnode analyst Chris Beamish, Bitcoin has fallen below the average cost basis of U.S. spot ETF holders (roughly $84,000), leaving ETF investors with unrealized net losses. Beamish noted this marks the first real stress test for U.S. spot Bitcoin ETF holders. As U.S. stock markets open, investors will choose between adding to positions or panic selling—with tonight shaping up to be that critical stress test.

3 minutes ago

If the BTC price rebounds to $78,000, five whales who shorted today's dip will be liquidated

February 2nd Per HyperInsight (https://t.me/HyperInsight) monitoring: - BTC’s morning price drop triggered liquidations of several large on-chain positions, while some whales bottom-fished or went long. - 9 whales with >$1M holdings shorted BTC at high leverage, with liquidation prices ranging from $77k to $80k. All now face unrealized losses. - Address 0xbb8... closed its position via stop-loss before publication. - 5 other whale positions are near their liquidation lines (prices ~$78k): 0xb56, 0x7a8, 0xb86, 0x801, 0x93a. - Closest to liquidation: 0x7a8 was partially liquidated at press time; its next liquidation price is $77,800, with current position size ~$960k. - Largest position: 0xb56 holds ~$4M, liquidation price $78k, now facing a -140% unrealized loss.

3 minutes ago