余烬Ember
Feed
Feed
As Changxin Technology (CXMT) surged 5% today, reaching a market value of ￥4 trillion, the largest short seller who shorted the day before Changxin's listing has already suffered a loss of $10.82 million...😰
Changxin has been listed for a month, and he has been holding the short position for a month.
Shorted 2.9 million shares of $CXMT at $6.5 (￥43.5), now at $8.6 (￥59). The price loss is $6.3 million, plus $4.52 million paid in funding fees.
This guy must be really upset. He thought the pre-market price was too high, so he opened a short just before the listing, planning to make some profit after listing and then exit.
But the price of Changxin never dropped, and while the short position lost heavily, he also paid huge funding fees.
Address: 0xf2925cb0779a741fe33037cbd88fca5382e41244
After buying $24 million worth of HYPE at $68.7 in June, this largest suspected a16z HYPE holding institution has continued to buy and stake HYPE.
In the past day, they deposited 36 million USDC into Hyperliquid through 12 addresses to purchase HYPE. So far, they have converted 24 million USDC into 282,090 HYPE at an average price of $81.5.
Currently, the amount of HYPE they have bought and staked reaches 4.679 million ($381 million), with an average price of about $65.6. The current unrealized profit is $74.4 million.
Some of the HYPE purchase addresses:
0x2119af67565cFe01393CaE6a19A39de44901fd6A
0x2570C0B3360215462deccD59F01d26739C9ff3bc
0x3bb3fec2a88C2eC5488b9d30ab17e76c07B65396
Polychain redeemed from staking 3 months ago
EIGEN, with 14.65 million tokens ($3.09 million) transferred into Coinbase Prime 6 hours ago.
Of the 131.8 million EIGEN they redeemed at the end of May, 46.86 million tokens were restaked 1 month ago; 14.65 million tokens were transferred into Coinbase Prime today; the remaining 70.29 million tokens remain in the address.
Transferred into Coinbase Prime addresses:
0xEd2f512b35C53C0e90804C8cf846Fae91E10AAf1
0xC46E5520C7FcCE7Bf00eB5edB02597f65DC15f91
After BTC surged to $80,000 and slightly pulled back, [Garrett Jin whale entity] added 600 BTC long positions at $79,000 in the early morning ($47.4 million).
They have held BTC long positions for 3 months, with a maximum unrealized loss of $23 million in early July. The recent week's surge has brought them from unrealized loss to break-even and slight unrealized profit: currently holding 1,868 BTC long positions ($147 million) at an average price of $77,090, with an unrealized profit of $2.78 million.
However, their ZEC short positions are suffering: 32,700 ZEC shorted at an average price of $444 ($25.28 million), now with an unrealized loss of $10.74 million.
Address: 0x92ea19eceb7a8de0f50978a1583a5d8b018050e9
[Hyperliquid's largest long position holder] took profit and closed 800 BTC ($64.4 million) 4 hours ago, reducing the $537 million long position to only $80 million now: only one address still holds 1,000 BTC long position unclosed.
In the past three days, they have closed and taken profit on 120,000 ETH + 2,000 BTC, realizing $61.72 million in profits.
Unclosed long position address: 0x8ea85cbd59affca28162fc286d5c093dd0f8edbc
余烬Ember
[Hyperliquid's Largest Long Position Holder] Took profit and closed positions early this morning: 60,000 ETH + 1,200 BTC. Realized profit of $45.3 million.
Long positions dropped from $537 million to $143 million:
◎ All 120,000 ETH long positions have been closed for profit, earning $32.77 million.
◎ Out of 3,000 BTC long positions, 1,200 BTC were closed for profit, earning $12.53 million.
Currently holding 1,800 BTC long positions still open, with unrealized profit of $21.08 million. Total profit (realized + unrealized) now reaches $66.38 million.
The Fish Pool co-founder Wang Chun's address reduced its position by 6,609 ETH ($16.63 million) 10 hours ago.
Since this rally began, it has cumulatively reduced its position by 23,378 ETH ($55.06 million), with an average price of about $2,355.
Address: 0xF42BcFD3dd5fcdd984d24FD2787383195C7f2b51
余烬Ember
During the recent more than 3-day price increase, the co-founder of Fish Pool Wang Chun's address likely reduced part of its ETH holdings to unload leverage:
Transferred 12,765 ETH ($28.73 million) into Binance, then withdrew 87.68 million USDC to repay loans on Spark.
Currently, this address still holds 65,000 ETH ($159 million) and 1,000 WBTC ($77.18 million) on-chain.
Address: 0x268448f31594f4636d03cbb4e813b94801e47643
[Hyperliquid's Largest Long Position Holder] Took profit and closed positions early this morning: 60,000 ETH + 1,200 BTC. Realized profit of $45.3 million.
Long positions dropped from $537 million to $143 million:
◎ All 120,000 ETH long positions have been closed for profit, earning $32.77 million.
◎ Out of 3,000 BTC long positions, 1,200 BTC were closed for profit, earning $12.53 million.
Currently holding 1,800 BTC long positions still open, with unrealized profit of $21.08 million. Total profit (realized + unrealized) now reaches $66.38 million.
余烬Ember
Not easy, [Hyperliquid's largest long position leader] has gone from a floating loss of $120 million to breaking even now!
He has held long positions worth $487 million in BTC and ETH through 11 addresses for almost 4 months, enduring the losses for 4 months because he got stuck after opening the longs.
In total, he opened longs for 3,000 BTC ($216 million) + 120,000 ETH ($271 million), with an average BTC price of $72,000 and an average ETH price of $2,260.
After two days of explosive gains, he has gone from a peak floating loss of $120 million at the beginning of July to fully breaking even.
Some addresses:
0xa5b0edf6b55128e0ddae8e51ac538c3188401d41
0x8ea85cbd59affca28162fc286d5c093dd0f8edbc
Last week's treasury operations update:
◎ Last week was a week of surging prices, MicroStrategy did not sell BTC. They went from an unrealized loss of $10 billion to an unrealized gain of $2.5 billion, recovering $12.5 billion in one week.
◎ Bitmine continued to purchase 32,447 ETH ($68.75 million) last week. They also narrowed their unrealized loss from $8.5 billion to $5.1 billion, recovering $3.4 billion in one week.
--------------------------------------------------------------------------
◎ Bitcoin treasury company Strategy currently holds 840,447 BTC ($65.849 billion), with an average cost of $75,385, an unrealized gain of $2.492 billion (+3.9%).
◎ Ethereum treasury company Bitmine purchased 32,447 ETH ($68.75 million) last week at about $2,119 each.
They now hold a total of 5,847,611 ETH ($14.56 billion), with an average cost of $3,359, an unrealized loss of $5.081 billion (-25.9%).
