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BitMine’s unrealized loss on its Ethereum holdings has expanded to $9.6 billion.

34 minutes ago

As Ethereum (ETH) dropped below $1,800, the unrealized loss on ETH holdings of BitMine (BMNR), the world’s largest Ethereum treasury firm, has widened further. As of November 8, BitMine held 6,070,092 ETH tokens. Per BitMineTracker estimates, its average cost basis for ETH holdings is approximately $3,352.58 per token, with a total cost of around $20.35 billion. Calculated at the current ETH price of $1,774, BitMine’s unrealized loss on its ETH holdings is roughly $9.6 billion, a decrease of about 47.09% from its cost basis.

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Bitcoin posts a V-shaped reversal, rebounding more than 4% from its recent low.

According to HTX market data, Bitcoin once dipped to $62,006 before rallying rapidly. In the past hour, it has rebounded to $64,836, a roughly 4.56% gain from the low point, recapturing the $64,000 threshold it held ahead of the sharp sell-off.

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Following a sharp slump in the crypto market, the sector has rallied, with ETH surging over 6% and HYPE jumping nearly 10%.

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A whale liquidated its long ETH position, incurring a loss of approximately $10.49 million, and subsequently went long on $27 million worth of SOL.

According to on-chain analyst Yu Jin Monitoring, whale @fiyopi opened a long position of approximately 24,500 ETH at a price of $2,207.5 a few days ago, with a notional value of around $54.08 million. As ETH plummeted, he closed the position early today at $1,783.3, recording an approximate realized loss of $10.49 million. After closing the ETH long position, @fiyopi immediately opened a SOL long position worth about $27 million at $70.5. This move indicates he still expects a rebound, but is more bullish on SOL’s relative performance against ETH going forward.

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Nearly $60.3 million in HYPE liquidations were recorded on Hyperliquid over the past 24 hours, with long positions accounting for 99.7% of the total.

According to Mlm's monitoring, HYPE contracts on Hyperliquid recorded around $60.3 million in liquidations over the past 24 hours, marking a one-year high. Of this total, long positions accounted for approximately $60.1 million, or 99.7%. During the period, HYPE fell to a low of $59.85, with liquidations involving 3,284 wallet addresses and 13,161 liquidation trades. The liquidations were concentrated within two hours: roughly $12.1 million in the first hour starting at 20:00 UTC, followed by $20.9 million in the subsequent hour, totaling around $33 million, or about 55% of the 24-hour total. The largest such event in the prior 12 months occurred on November 21, 2025, when HYPE long positions saw $50.9 million in liquidations.

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Trader AguilaTrades bought the dip to go long on 1,000 BTC and currently has an unrealized profit of over $1.8 million.

According to Lookonchain’s monitoring, trader AguilaTrades opened a 40x leveraged long BTC position just 30 minutes ago, with a position size of 1,000 BTC (valued at $64.4 million). The position currently has an unrealized profit of over $1.8 million. Over the past week, he has earned $5.66 million from trading, mainly by shorting BTC.

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ZEC rebounds to break above $900, with its 24-hour decline narrowing to 1.56%

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