Wang Chun: ETH dropped to $1386 last time and eventually rebounded to $4956, don't let fear control you
On February 24th, F2Pool co-founder Wang Chun posted: "Do you remember what you were thinking when ETH last hit $1,386? That was back in April 2025—just four months later, ETH rebounded to $4,956. Don’t let fear get the better of you."
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The largest ZEC bull has been continuously liquidating at a loss of 300%, having bought the dip with an $8.5 million position ten days ago
As of February 24, data from the Coinbob Popular Address Tracker (link: https://t.me/Coinbob_track_CN) shows that Loracle—an early Hyperliquid contributor—opened a large 10x leveraged long position on ZEC on February 15 in a bottom-fishing attempt. At the time, the position peaked at $8.5 million, with an average entry price of $312, making it the largest on-chain ZEC long position.
Ten days later, ZEC is currently trading at $237, pushing the position’s unrealized loss to 316%. Facing steep unrealized losses, the address began cutting its ZEC long position last night and this morning. As of press time, the position has been sharply reduced to $1.14 million, with selling still ongoing.
Loracle (X handle: @loraclexyz)—born Laurent Zeimes—is an active early contributor to the Hyperliquid ecosystem. He’s the founder of Hypurrfun and has recently been active in Hyperliquid’s contract market.
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「Buy the Dip Vanguard」 7siblings Associated Address Continues to Accumulate 2179.22 ETH, Valued at $4.03 Million
February 24th — Per on-chain analyst Ai Auntie (@ai_9684xtpa), the associated address of the seven siblings dubbed the "Buy the Dip Pioneers" has purchased 2,179.22 ETH on-chain over the past 8 hours at an average price of $1,852, totaling $4.03 million in value.
Across their publicly known addresses, the seven siblings currently hold a combined 336,250.9 ETH, with an aggregate value of up to $620 million.
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7000-Word 'Doomsday Report' Triggers AI Panic, Dow Plunges 800 Points, Software and Private Credit Sectors Hit Hard
A 7,000-word hypothetical "June 2028 Scenario" report from research firm Citrini Research went viral on Wall Street on February 24, stoking deep market fears over AI’s impact on white-collar jobs and the credit system.
The report introduces the "global cognitive crisis" concept, warning AI could spark a "race to the bottom" for knowledge-based roles—disrupting industries and credit chains tied to white-collar productivity.
U.S. stocks tumbled sharply Monday: the Dow Jones Industrial Average dropped 822 points (-1.7%), the S&P 500 fell 1%, and the Nasdaq Composite slid 1.1%. The software sector bore the brunt—Datadog, CrowdStrike, and Zscaler each lost over 9%, while IBM plunged 13% (its worst single-day drop since 2000). Report-named firms like American Express, KKR, and Blackstone also saw steep declines.
Private credit and banking shares came under pressure: Blue Owl slid 3.4%, and Apollo Global Management dropped 5.6%. UBS noted the real risk is the "speed of disruption"—no
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「Loracle」 reduced their HYPE long position near $30 to take short-term profits, lowering their position by over $20 million.
On February 24th, data from Coinbob Popular Address Monitoring (https://t.me/Coinbob_track_CN) shows that "Hyperliquid Early Contributor Loracle" first began trimming his HYPE long position on February 21st—when the token’s price rebounded above $30. As of press time, his position has dropped from around $46.2 million to $26.1 million, a reduction of over 43%. He is still slightly reducing his holdings today.
Currently, he holds a 5x-leveraged HYPE long position with an average entry price of $24.55, boasting an unrealized profit of roughly $1.51 million.
This position was established on January 12th at an average price of $22 and subsequently gradually rolled over. At its peak, the position size hit $52 million, with unrealized profits topping $16 million—at one point making it the largest on-chain long position for HYPE.
Loracle (X: @loraclexyz), originally known as Laurent Zeimes, is active in the Hyperliquid ecosystem. He is regarded as an early contributor, founder of Hyp
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If Bitcoin drops below $62,000, the mainstream CEX long liquidation volume will reach 665 million.
On Feb 24, per Coinglass data:
- If Bitcoin (BTC) falls below $62k, cumulative long liquidations across major centralized exchanges (CEXs) will hit $665 million.
- Conversely, if BTC surges past $66k, cumulative short liquidations on major CEXs will reach $840 million.
BlockBeats Note:
Liquidation charts do not show the exact number or value of contracts up for liquidation. Instead, their bars reflect the relative significance of each liquidation cluster (vs. nearby clusters)—i.e., "strength." This means the charts signal how strongly BTC’s price will react at a given level: higher bars indicate a more intense response driven by liquidity cascades.
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