A whale who lost $230 million on Hyperliquid after his long ETH position was liquidated three days ago is now cutting his losses on leveraged ETH holdings: he sold 50,000 ETH ($112.8 million) to reduce leverage. Just a week ago (January 27th), he leveraged his position to go long on 148,000 ETH ($426 million) at $2,883, after which ETH plummeted to $2.2K. This not only liquidated his Hyperliquid ETH long position, but also brought his leveraged ETH long position close to the liquidation threshold. In the last two days, he sold 50,000 ETH, lowering the liquidation price to around $1,600. Address: 0xca08371f6e9204dd6927dcc2db5504ea062b2998 He currently holds 33,000 BTC ($2.52 billion) and 748,000 ETH ($1.693 billion) on the blockchain, worth $4.213 billion.

From the afternoon of the 1st until now, over two days, Trend Research has cumulatively reduced its holdings by 153,500 ETH ($352 million) at an average price of $2,294, and then repaid 266 million USDT to reduce leverage. Currently, the liquidation price range for their multiple ETH borrowed positions is between $1,685 and $1,855, mainly concentrated around $1,800. ◎Current holdings: 498,000 ETH ($1.11 billion), average cost price $3,180. ◎Losses: $605 million (realized losses $136 million + unrealized losses $469 million). ◎Outstanding leveraged loans: $743 million USDT.

Ethereum treasury company @BitMNR (BMNR) continues to buy to lower the average price: 20 minutes ago, it bought 20,000 ETH ($46.04 million) through FalconX. Address: 0x3BF04228de5e6c54BA021E1Fe843fc2e34a2285C

Has HashKey Capital bought the dip in $ETH? An address suspected to belong to them withdrew 6,368 ETH ($14.79 million) from Binance one hour ago. This address received a gas payment from jacobzhao.eth four days ago. jacobzhao.eth is a portfolio manager at HashKey Capital. Therefore, this address likely belongs to HashKey Capital. Address: 0xD50Cb3E9b89d0aFcA0c69D8329ca26fc6e892d80

Update: Trend Research reduced its holdings by 20,000 ETH ($46.54 million) 20 minutes ago, bringing its total reduction to 93,589 ETH ($215 million). It currently holds 558,000 ETH ($1.3 billion).

HYPE is at $38...that's incredible... Laurent Zeimes, the whale who went long on HYPE a week ago at its low of $22, now has a paper profit of $20.21 million thanks to HYPE's surge. He currently holds 1.478 million long HYPE tokens, worth $56.24 million, with an average opening price of $24.36.

Over the past 15 hours, this whale/institution, which had been trading ETH and profiting $98.95 million, added another 23,000 ETH. In three days, it has accumulated a purchase of $262 million worth of cbBTC and ETH. ◎ 83,392 ETH ($204 million), average price $2,450. ◎ 750 cbBTC ($57.78 million), average price $77,040. Currently, it holds a total of 173,000 ETH ($406 million) and 750 cbBTC ($57.78 million), with a paper loss of $55.11 million: average cost of ETH $2,667, average cost of cbBTC $77,040. Address: 0xd4584bf988c9e8994688b56484e2f74ceaeefb20

Last week's purchases by the largest Bitcoin and Ethereum treasury firms: ◎ Bitcoin treasury firm Strategy (MSTR) purchased 855 BTC ($75.22 million) at $87,974 per BTC. They now hold a total of 713,502 BTC ($54.263 billion), with an average cost of $76,052 per BTC, resulting in a paper profit of $1.332 billion. ◎ Ethereum treasury firm Bitmine (BMNR) purchased 41,787 ETH ($108 million) at approximately $2,601 per ETH. They now hold a total of 4,285,125 ETH ($9.941 billion), with an average cost of $3,837 per ETH, resulting in a paper loss of $6.5 billion.

Trend Research just reduced its holdings by another 20,000 ETH ($45.52 million), bringing its total reduction to 73,589 ETH ($168 million).

Trend Research has stopped its losses by selling 53,589 ETH ($123 million) and then withdrawing 121 million USDT from Binance for repayment. Their ETH lending position liquidation price has now dropped to around $1,810. ◎Current holdings: 598,000 ETH ($1.33 billion), average cost $3,180. ◎Losses: $613 million (realized losses $47.42 million + unrealized losses $565 million) ◎Leveraged debt: $897 million USDT