Is there insider trading in the market? A clever whale leveraged 50 times to go long on Ethereum, actively liquidating positions to net a profit of 2.2 million dollars.

FX168 Financial News Agency (Asia-Pacific) reports that the on-chain tracking platform Spot On Chain has detected a smart money address depositing 5.22 million dollars into Hyperliquid, initiating high-risk long positions in Bitcoin and Ethereum. Over the past two days, two long positions in Ethereum have been closed, resulting in a net profit of 2.2 million dollars.

FX16810:42

Bitcoin, Ethereum ETFs Bleed Millions: 'Profit-taking or Nerves About the Market'?

AMBCrypto08:00

The CME Futures market premium has significantly shrunk, with the ETH/BTC Exchange Rates dropping to a new low since June 2020.

Macroeconomic interpretation: When USA Secretary of Commerce Raimondo confidently stated in front of the camera that "it's worth it even if tariffs lead to a recession," the global market seemed to hear a thunderclap.

Jinse FinanceMar 12 21:35

Bitcoin: Retail Traders Bet Big on BTC – Will Whales Prove Them Wrong?

AMBCryptoMar 12 07:00

Market sell-offs and economic uncertainty have led Bitcoin to face further declines: waiting for key signals from the Federal Reserve.

Due to the increase in tariffs by the USA and concerns about economic recession causing a significant change in investor sentiment, the landscape of Cryptos shows great vulnerability to macroeconomic factors. Bitcoin recently broke below the $80,000 level both digitally and psychologically, indicating a heightened level of caution among traders. Bitcoin fell to around $76,500 at its lowest point, followed by a slight rebound. The performance of Ethereum has not been much better, as its value has dropped over 11%, with the current trading price around $1,850, marking its lowest level since October 2023.

Jinse FinanceMar 11 12:11

Concerns about economic recession have led to a sharp decline, while leveraged events present a chance to buy at the bottom.

Last night, the US stock market plummeted, with the Nasdaq Index down by 4%, and at its lowest point, the drop exceeded 5%. Major Technology stocks saw significant declines, such as Tesla falling over 15%, NVIDIA dropping more than 5%, and publicly listed companies related to the cryptocurrency sector plummeting over 10%, with MSTR down 16.88% and Coinbase dropping over 17%.

Jinse FinanceMar 11 12:07