Lookonchain APP

App Store

Whale Trader "pension-usdt.eth" Liquidates BTC Long Position, Previously Valued at $67 Million

2 hours ago

March 2 On-Chain Crypto Brief Per Coinbob Popular Address Monitor, the BTC market whale **pension-usdt.eth** closed long positions consecutively last night after BTC surged past $67,000 in a short-term rally. Following full position exit, total profits hit approximately $460,000. With an average entry price of ~$66,800, this address ranks as the largest on-chain BTC long holder. This morning, the whale attempted to re-enter a BTC long position but exited quickly before the position size reached $7 million. The whale typically uses a low-leverage, short-term (average holding period ~30 hours) heavy-position strategy in BTC and ETH to chase stable swing profits. Since October 2023, cumulative profits have exceeded $24 million. ### Notes on American English adjustments: 1. **Tone**: Casual, concise (fits crypto brief style) – replaced "pursue" with "chase" (more colloquial for trading); "amounted to" with "hit" (action-oriented). 2. **Clarity**: Specified "October 2023" (no ambiguous "last year"); used "entry price" (standard trading term) instead of "holding price". 3. **Flow**: Shortened redundant phrases (e.g., "continuously closed long positions" → "closed long positions consecutively"; "fully closing the positions" → "full position exit"). 4. **Terminology**: "Rally" (common for crypto upswings) instead of "surge" (overused); "re-enter a long position" (natural for repeat trades) instead of "attempted to long again". 5. **Format**: Clear date header + section breaks (no extra line breaks) for readability (standard in U.S. crypto briefs).
Relevant content

Trump: Iranian Insider Has Begun Reaching Out to Me

March 2: ABC News reports that in an interview, Trump stated Iranians are now reaching out to him. An individual within the Iranian government has reached out proactively. “I probably shouldn’t tell you who he is,” Trump said, adding the person no longer reports to the Supreme Leader. (Forex)

2 minutes ago

Abraxas Capital Increases Short Position on Gold Again, Total Position is About $5.14 Million

March 2nd — Data Nerd monitoring shows AbraxasCapital executed another dollar-cost averaging (DCA) short sale on gold roughly 6 hours ago. Its current gold short position totals ~$5.14 million. Notably, AbraxasCapital previously held substantial Bitcoin and Ethereum spot hedge positions on Hyperliquid, and the firm specializes in delta-neutral strategies.

2 minutes ago

Viewpoint: Bitcoin's Relative Weakness to Gold Indicator Reaches Critical Level, Signaling Potential Bitcoin Price Reversal

**March 2** — Samson Mow, CEO of Bitcoin technology firm Jan3, said Bitcoin is relatively undervalued when compared to gold and the global money supply, a signal that a price reversal may be imminent. Mow cited Bitcoin’s Z-score relative to gold, which has fallen to -1.24 — a level indicating the crypto is undervalued by 24% to 66%. Historical data shows Bitcoin has rebounded 150% to 300% following such lows; notably, similar low Z-scores in 2020 and 2022 preceded sharp price gains for the asset. (Source: Cointelegraph)

2 minutes ago

Uniswap Founder: Financial System Must Remain Up and Accessible

On March 2, Uniswap founder Hayden Adams took to Twitter to respond to the announcement “Dubai Financial Market Closed Until Further Notice,” stating: “Banning trading only deprives consumers of choice. In times like this, people need access to liquidity. The financial system must always remain operational and accessible.”

2 minutes ago

X Product Manager Clarifies That "Paid Partnership" Tag Is Not Targeting Prediction Markets, but Enhancing Business Content Disclosure Mechanism

On March 2, X’s Product Lead and Solana Advisor Nikita Bier clarified details about the platform’s newly announced “Paid Partnership” tag feature—an update that has drawn community attention. Bier stressed the tag is **not targeted at prediction markets**; it’s designed exclusively to label commercial promotional content. X’s core value, he noted, lies in delivering the “real human pulse.” While the platform encourages creators to pursue commercial partnerships on X, undisclosed promotional posts would erode product integrity and weaken user trust in content. The new feature will help creators meet regulatory compliance requirements and, crucially, boost transparency with fans by clearly separating commercial partnerships from organic content. He added pointedly: “I like prediction markets.”

2 minutes ago

Analysis: Bitcoin Technical Indicator Shows Death Cross, Signaled 'Market's Last Dip' in Previous Cycles

On March 2nd, analyst @alicharts noted that a death cross of Bitcoin’s 50-day and 200-day Simple Moving Averages (SMAs) on the 3-day candlestick chart occurred on February 27th — a signal that has historically foreshadowed the final drop in Bitcoin’s bear market cycles. Citing historical data dating back to 2014, the article points out that Bitcoin has typically seen a roughly 50% decline following this indicator’s appearance in each bear market cycle.

2 minutes ago