A renowned trader had some of their short positions liquidated due to the increase in ZEC, resulting in a total loss exceeding $3.28 million.
On November 17th, as per the monitoring of LookOnChain, due to the increase in the price of ZEC, the address (0x7B7...734E) related to Roobet and Stake.com of a gambler has had part of its short positions liquidated, with a total loss exceeding $3.28 million.
Their current positions are as follows:
73 BTC, with a value of $122.5 million and a liquidation price of $95,764.
34 ZEC, with a value of $16.75 million and a liquidation price of $757.
5.6 million XRP, with a value of $12.5 million and a liquidation price of $2.42.
8 minutes ago
On-Chain Whale Activity Overview: "The Buddy" Holds Strong Despite Setbacks, "Borrowed Coins to Short 66,000 ETH" Whale Accelerates Sell-off
On November 17th, as monitored by Hyperinsight, the on-chain whale activities within the past 24 hours are as follows:
Early this morning, the "buddy" witnessed the complete liquidation of his 25x ETH long position, incurring a loss of approximately $3.6 million. Subsequently, he reopened a 25x ETH long position, and 15 minutes ago, he was adding to his long position. As of the time of this writing, his long position holds 3900 ETH and is currently showing an unrealized gain of $286,600.
The whale address that "once borrowed to short 66,000 ETH" last night deposited another 26,000 ETH into Binance, which is approximately worth $82.47 million.
The largest ZEC short position on Hyperliquid is currently at a floating loss of over $22.04 million. This address has been holding this position for more than a month, and early yesterday morning, it added 5 million USDC to the account to increase the collateral.
8 minutes ago
Privacy network Zcash has recently seen a significant increase in transaction count, with a 24-hour on-chain volume of approximately $1.17 billion.
November 17th. The privacy network Zcash (ZEC) has witnessed a rise in on-chain transactions recently. In the past 24 hours, there were a total of 44,505 transactions. On November 13th, the transaction volume reached a recent peak of 73,862. In October, the average daily transaction volume was approximately 10,000. Before the price surge of ZEC at the beginning of October, the average daily transaction volume was around 3,000.
Furthermore, in the past 24 hours, the Zcash mainnet has seen a trading volume of 1,679,199 ZEC, which is approximately equal to 1.17 billion USD.
According to HTX market data, ZEC is currently priced at $716, with a 24-hour growth rate of 1.62%. When the well-known Silicon Valley angel investor Naval described "ZCash as insurance for Bitcoin" on October 1st, ZEC was priced around $75.
8 minutes ago
Real Vision Founder: The Fed may be forced to adjust fiscal policy to prevent a liquidity crisis, liquidity management has devolved into a political game
On November 17th, Raoul Pal, the co-founder and CEO of Real Vision, wrote that this week the Fed is very likely to be compelled to "fix the plumbing" in order to prevent a funding crisis at the end of the month and the end of the year. Crypto currently resembles a margin call, and the price reflects a "plumbing failure" discount. The U.S. stock market is temporarily supported by repo and year-end window dressing. However, if the issue is not resolved immediately, the 2018/19 script could play out at any time.
The deeper battlefront is at the Treasury Department: the Treasury now desires to control liquidity through banks (by increasing loans to benefit the general public) instead of relying on the Fed's quantitative easing. This enables fiscal policy and monetary policy to remain in alignment in stimulating the key goals of the general public while still allowing Wall Street to benefit from currency devaluation, thereby increasing collateral value. The benefits of quantitative easing
8 minutes ago
Market Sentiment remains at "Extreme Fear", with today's Fear and Greed Index at 14
On November 17th, based on alternative data, the cryptocurrency fear and greed index today is 14 (yesterday it was 19), with the average of last week being 29, suggesting that the market remains in a state of "extreme fear."
Note: The fear index ranges from 0 to 100 and incorporates the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance in the Market (10%) + Google Trends Analysis (10%).
8 minutes ago
An address has opened a long position in both STRK and HYPE, with an unrealized gain of $2.4 million.
On November 17th, as monitored by Onchain Lens, a newly established wallet deposited 2.8 million USDC into HyperLiquid. It opened a 5x long position in STRK and a 10x long position in HYPE. Currently, this wallet has an unrealized gain of $2.4 million.
8 minutes ago