News

BlockBeats News, February 3rd, according to Coinbob Popular Address Monitoring, with the HYPE price today rising from $30 to $38.5, one of the largest on-chain longs, the "suspected HYPE listing insider trading" whale, has significantly reduced unrealized losses, coming close to breakeven. Currently, its 5x leveraged HYPE long position is around $52 million, with an average price of $38.67, unrealized loss of $1.1 million (-10%), and weekly fund recovery exceeding $15 million. The address went long on HYPE before its listing on an exchange on October 23 last year, entered at a price that later fell below its cost and remained in an unrealized loss state for a long time. During this period, there were no position adjustments or reductions, and the position has been held to date. Previously, its peak unrealized loss was close to $26 million, with a liquidation price of about $20.1. In mid to late January, the liquidation was once as close as 0.37%.

Foresight News reports that, according to GMGN market data, CLAWD has rebounded and surpassed 20 million USD, currently quoted at 21.74 million USD, with a 24-hour increase of 105.9%.

BlockBeats News, February 3, Zhu Su, co-founder of Three Arrows Capital, stated that the exit of bitcoin OGs (veteran investors) from the market is not as pessimistic as it sounds. In fact, since the early days of bitcoin's development, OGs have been exiting continuously. Each token distribution has strengthened bitcoin's long-term health and monetary value. If bitcoin relied on individuals to buy or hold it, it would have disappeared long ago. The same goes for Saylor of Strategy; he is just a figurehead, and the real bearers of Strategy's bitcoin risk exposure are actually MSTR investors. It is worth noting that Zhu Su had remained silent since the end of September last year, but became active again at the end of January this year. Yesterday, he also commented on the incident where Li Lihua and the 1011 insider whale lost money investing in ETH, stating, "They suffered losses because they re-entered the market too early out of confidence after selling at the top."