'Machi' ETH Long Positions Accumulate Losses Exceeding $19.35 Million

Since the market crash on October 11th, trader 0x35d1 has been continuously shorting SOL, currently holding 394153 SOL short positions with a total value of $52.39 million and unrealized gains of $14.75 million. （Lookonchain）

On chain monitoring shows that a certain address approached the clearing line due to market downturns. Four hours ago, it sold 1316.8 ETH and earned 4.017 million USD in USDT to repay the loan. The address still has a USDT loan of $146 million on Aave, with a position health rate of only 1.05. If BTC and ETH fall by another 5%, it will trigger liquidation. At present, its WBTC and ETH positions have a floating loss of $65.49 million, with costs of $116762 and $4415, respectively. Address: https://debank.com/profile/0x4ed0b41dff79e0e53a054903873899bc32abc853 (Ashes)

[Arthur Hayes: Bitcoin May Drop to $80,000–$85,000, Then Rise to $200,000–$250,000 by Year-End] On November 18, BitMEX co-founder Arthur Hayes stated in his blog post 'Snow Forecast' that Bitcoin might drop from $125,000 to around $90,000, and then further decline to $80,000–$85,000. He believes that if the stock market corrects by 10%–20% and the 10-year U.S. Treasury yield approaches 5%, the Federal Reserve or the Treasury Department might introduce a money-printing plan. Against this backdrop, Bitcoin could rise to $200,000–$250,000 by the end of the year.

OKX-BTC/USDT is currently trading at $90981.10, with a 5-minute drop of 0.42%. Please pay attention to market fluctuations.

[An address withdrew approximately 186,600 SOL from Binance within 11 days] According to OnchainLens monitoring, a newly created wallet withdrew 116,600 SOL from Binance today, valued at approximately $16.2 million. Over the past 11 days, the address has cumulatively withdrawn 186,600 SOL from Binance, totaling approximately $27.19 million.