「Whale」 Reduces ETH Long Position by 25x to Take Profits, Currently Sitting on $405,000 Unrealized Gains
On January 2, monitoring from HyperInsight (via its Telegram channel @HyperInsight) shows that Huang Licheng—known by the nickname "Brother Ma Ji"—closed out his 25x leveraged long position on ETH to lock in profits.
He currently holds 8,000 ETH, valued at $24.24 million, with an unrealized profit of $405,000 and a liquidation price of $2,865.24.
Additionally, "Brother Ma Ji" has added a 10x leveraged long position on HYPE. He now holds 11,888.88 HYPE tokens (worth $290,000) with an entry price of $24.69.
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ZachXBT: Hundreds of EVM Wallets Hacked, Approx $100K Stolen, Root Cause of Attack Still Unknown
On-chain detective ZachXBT reported Tuesday, January 2nd, that hundreds of crypto wallets across multiple EVM-compatible blockchains have been hacked, with total losses topping roughly $107,000 and continuing to climb.
The attacker targeted a large number of wallets, with each victim typically losing less than $2,000. While individual heists are relatively small-scale, the cumulative impact is growing.
ZachXBT warned the figure could rise further. To date, the attacker’s entry point remains unconfirmed, leaving room for additional attacks.
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Eugene: Shitcoin is Pointing the Way Forward for the Market
On January 2, trader Eugene Ng Ah Sio shared on his personal channel that altcoins are shaping the market’s future trajectory.
As previously reported, Eugene has taken long positions in Bitcoin and select small-cap altcoins. Right now, nearly everyone is on holiday—even “whales” are sitting on the sidelines and not biting. Bitcoin has failed to break below $84k, while overall market trading volume has dried up and sellers are largely tapped out.
A handful of large buyers entering the market would easily overwhelm the thin order book.
“Going long below $90k carries strong upside potential with a clear stop-loss level. I’d rather take a shot here now than hesitate at $95k or even $100k. Plus, historically, January tends to be a high-volatility month. I expect volatility to pick back up in some capacity once December wraps up.”
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Polymarket Prediction: Probability of "Bitcoin Reaching $100,000 in January" Currently at 27%
As of January 2, the probability of Bitcoin hitting $100,000 in January on Polymarket currently stands at 27%. Additionally, the odds of it reaching $90k are 91%, while the probability of it falling to $85k is 68%, and 30% for it dropping to $80k.
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Ethereum Deposit Sentiment Continues, with a CEX Net Inflow of 47,100 ETH in the Last 24 Hours
On January 2, Coinglass data shows that over the past 24 hours, total net inflows of ETH across centralized exchanges (CEXs) reached 47,100 ETH. The top three CEXs by inflow are:
- OKX: 42,100 ETH;
- Gemini: 7,363.01 ETH;
- Bybit: 4,880.12 ETH.
Additionally, Coinbase Pro recorded a net outflow of 4,463.51 ETH, leading outflows.
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If Ethereum breaks $3100, mainstream CEX cumulative short liquidation pressure will reach 629 million.
**Crypto Liquidation Alert: Ethereum’s Key Levels Tie to Massive CEX Liquidations**
As of January 2nd, Coinglass data shows:
- If Ethereum breaks above $3100, mainstream centralized exchanges (CEXs) could face **$629 million in cumulative short liquidations**.
- Conversely, a drop below $2900 would trigger **$972 million in cumulative long liquidations**.
**BlockBeats Note**:
Liquidation charts do NOT show exact contract counts or values. Instead, bars reflect how a liquidation cluster ranks in importance relative to nearby clusters (i.e., its "strength").
This means the chart signals how strongly a price level will react when hit: A taller "liquidation bar" indicates a more intense liquidity cascade (and price response) at that level.
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