The top on-chain HYPE long whale "Loracle" liquidated a HYPE position for a profit of 5.09 million, and has now switched to a 4 million long position in NVIDIA.
**Feb. 27**
Per Coinbob Popular Address Monitoring (source: https://t.me/Coinbob_track_CN), the "Hyperliquid early contributor Loracle" has closed all HYPE long positions after six straight days of gradual reduction, realizing total profits of approx. $5.09 million.
The position was opened on Jan. 12 at an average entry price of $22. During its holding period, it hit a peak size of $52 million as HYPE’s average price climbed to $24.55, topping $16 million in unrealized profit at one point and briefly holding the title of HYPE’s largest on-chain long position. After HYPE’s price fell below $30, the address began taking profits incrementally via high-frequency small orders, fully exiting the position.
Following the HYPE liquidation, the whale opened a 1x leveraged long position in NVDA (Nvidia perpetual contracts) this morning, building a base position of ~$4 million at an average entry price of $185.4. It also retains a 5x leveraged long position in PAXG (on-chain gold) worth ~$
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Current mainstream CEX, DEX funding rate displays the market shifting back to overall bearish sentiment
On February 27th, Coinglass data shows that as Bitcoin posted a slight pullback while staying range-bound volatile, funding rates across major centralized (CEX) and decentralized (DEX) exchanges have shifted back to bearish market-wide. Funding rates for key cryptocurrencies are as shown in the attached image.
BlockBeats Note: Funding rate is a fee set by crypto exchanges to align perpetual contract prices with underlying asset values. It’s a fund transfer mechanism between long and short traders—**the platform does not charge this fee itself**. It adjusts the cost or profit of traders holding contracts to keep contract prices in line with underlying assets.
- A 0.01% rate is the baseline.
- Rates above 0.01% signal a generally bullish market.
- Rates below 0.005% indicate a bearish market.
### Notes on American language habits:
1. **Conciseness**: Uses short, punchy sentences (e.g., "posted a slight pullback" instead of longer phrasing) and bullet points for clarity (c
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Cryptocurrency Fear and Greed Index Rises to 13, Market Still in "Extreme Fear" Territory
**February 27 Update**
Per alternative data, today’s cryptocurrency Fear & Greed Index stands at 13 (down from 11 yesterday), signaling the market remains in "extreme fear" territory.
Note: The index ranges from 0 to 100, with components including:
- Volatility (25%)
- Market Volume (25%)
- Social Media Hype (15%)
- Market Surveys (15%)
- Bitcoin’s share of total market cap (10%)
- Google Trends Analysis (10%)
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Whale Trader "pension-usdt.eth" Accumulates $67.3M BTC Long Position, Now Largest On-Chain Long
On February 27th, per Coinbob Popular Address Tracker data, the swing-trading whale "pension-usdt.eth" continued building positions with 3x leverage and kept adding to its BTC long positions near $66,500 after BTC pulled back below $67,000 overnight and this morning.
The whale’s current BTC long position size now stands at $67.3 million, with an average entry price of $66,860, boasting an unrealized profit of roughly $440,000—making it the largest on-chain BTC bull.
This whale typically uses low leverage and short holding cycles (average ~30-hour holding period) to take large positions in BTC and ETH, targeting steady swing trading profits. Since last October, its cumulative profits have topped $24 million.
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LayerZero Announcement: The remaining STG held by the DAO has been fully burned, and the STG to ZRO conversion contract remains fully operational
On February 27th, LayerZero Labs co-founder and CEO Bryan Pellegrino took to social media to announce:
“As promised, all remaining STG held by the DAO has been burned. The redemption contract remains open to all. STG has now been rebranded as ZRO.”
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Wikipedia Co-founder: Bitcoin Could Fall Below $10,000 by 2050
On February 27th, Wikipedia co-founder Jimmy Wales shared a post on social media, stating: “Anyone who thinks Bitcoin will go to zero is probably mistaken. Its design is robust enough that it will continue to exist unless there’s an unforeseen cryptographic collapse or a surprise 51% attack — and even if those scenarios unfold, I believe it could persist through a fork.”
However, Bitcoin might drop to a price point where only enthusiasts use it for casual purposes. Since it’s a total failure as a currency or store of value, it will never be the dominant currency of the future. For that reason, I recommend pegging its 2050 price target to below $10,000 in today’s dollars — and potentially much lower than that.
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