「$10M Profit Whale」 Suspected of Accumulating 6000 ETH in a Transaction, with an Average Price of $1582

On January 5th, HyperInsight monitoring shows that a "PEPE Max Long" whale on Hyperliquid currently holds a long position of 2,008,865,090 kPEPE with 3x leverage (equivalent to roughly $13.86 million), with an unrealized profit and loss (PNL) of $2.05 million. Prior to this, the address had only executed 3 trades—all of which ended in liquidation, resulting in a cumulative loss of nearly $490,000.

As of Jan. 5, data from Coinglass shows that if Bitcoin breaks above $94,000, cumulative short liquidation intensity across major centralized exchanges (CEXs) will hit $465 million. Conversely, if Bitcoin falls below $91,000, cumulative long liquidation intensity for these same CEXs will reach $621 million. BlockBeats Note: Liquidation charts do not display the exact number or total value of contracts being liquidated. Instead, the bars represent how significant each liquidation cluster is relative to nearby clusters—i.e., "intensity." This means the chart indicates how strongly the underlying asset’s price will react when it hits a specific level. A taller "liquidation bar" signals a more intense price response due to a liquidity cascade at that level.

**January 5 (Monday) Market Update** Japan’s Nikkei 225 Index surged 2.97% on Monday, January 5, closing 1493.32 points higher at 51832.80. Chip and heavy industry stocks led the advance. South Korea’s KOSPI Index climbed 3.43% to a record high of 4457.52, adding 147.89 points on the day. Chip and defense stocks were top gainers, with Samsung Electronics soaring 7.47% — its largest single-day jump since March 24, 2020. (Source: FX Street)

On January 5, per Lookonchain data, a Polymarket trader named "beachboy4" lost over $2 million in just 35 days—their trading history has recently caught the community’s attention. Over those 35 days, the account made 53 predictions, winning 27 (a ~51% win rate). Its biggest single profit was ~$936,000, while the largest single loss hit $1.58 million. The average bet per prediction was ~$400,000, with the biggest single wager reaching $1.58 million. The account’s core issue stems from a misunderstanding of Polymarket’s pricing logic. In the trade with the biggest loss, the account bought "Liverpool Win (YES)" at 0.66. This doesn’t mean "Liverpool is likely to win"—it means the trader was betting the actual win probability exceeded 66%. Instead, the trader long treated Polymarket as binary sports betting, not a market focused on probability and pricing dynamics. Further analysis shows the account repeatedly chased high buy-ins in the consensus price range of 0.51–0.67, creating

On January 5, the Beijing High People’s Court released five typical cases of telecom and internet fraud enforcement, per the KFang Public Account. Among them, a cross-border cryptocurrency investment fraud case was disclosed. The defendant from Beijing’s Chaoyang District used overseas chat apps to recruit others to buy crypto and invest on designated platforms, then transferred fraud proceeds via cryptocurrency. Investigators found the group defrauded more than $900,000 (equivalent to over 5 million yuan). The court relied on objective evidence—including the involved company’s performance sheet—to accurately determine the fraud amount. Liu was convicted of fraud, sentenced to 12 years in prison, and fined.