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Liquidation of 120 million, account left with 50,000, and he is still betting with more money!
Last night, the crypto circle once again witnessed the terror of leverage.
In just a few hours, Brother Mahji's account was 'hit' from 1.3 million dollars to just over 50,000—shrinking more than 96%.
This is not the first time he has staged this liquidation drama. Last October, he just experienced an even harsher one: 79 million dollars in ETH long positions were forcibly liquidated, with a profit and loss reversal exceeding 54 million dollars.
But after each massive liquidation, he always deposits hundreds of thousands of dollars within a few days, opens new positions, and continues to go long with high leverage.
Everyone is asking: After losing so much, how does he still have money?
Brothers and sisters! What do you think the market will choose tonight? $BTC If Bitcoin breaks 90650 dollars, short position liquidation is 2.51 billion dollars $ETH If Ethereum breaks 3072 dollars, short position liquidation is 1.458 billion dollars $PIPPIN Finally figured out the pullback! #ETH走势分析
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Recently, why are so many people starting to talk about Zama? Following it, I truly understood the path of $FHE .
To be honest, before Zama became popular, my understanding of it was quite shallow. I only knew it was a 'bottom layer for privacy', but what FHE is and what it can do was unclear. After Zama gained traction, I spent quite a bit of time going through materials, reading papers, and digging down the project, only to realize that this thing is fundamentally not just a 'privacy narrative'.
If you categorize on-chain privacy solutions by generations, there were actually three main ideas in the past.
One is the mix of coins and stealth addresses, which solves the problem of 'not seeing who is who', but the compliance pressure is enormous, essentially a high-risk area.
Another is ZK, which can prove you're right, but the problem is it’s more like a 'proof system' rather than a 'computation system'. You can prove the outcome, but many complex logics cannot be computed by themselves.
The third is off-chain computation and on-chain accounting. The performance is there, but the trust cost is all on the intermediary, and it essentially remains a shell of Web2.
#FHE is completely a different path.
It does not solve 'how to hide', but rather: can data in an encrypted state be directly computed?
Without decrypting or exposing, the result can still be verified.
From a cryptographic perspective, this is a ceiling-level achievement.
Recently, the PIPPIN token has absolutely been a beast, with its price skyrocketing nearly 30 times within a month, leaving everyone in disbelief. What has caused such an astonishing performance? The recent surge in the PIPPIN token is primarily due to multiple factors including whale control, tightening supply, and leverage from derivatives, combined with its unique narrative of AI and memes that attracts market attention. The specific reasons are as follows: 1. Whales actively increasing holdings drive retail investors to follow suit: Over the past period, whale wallets holding over a million dollars in assets have been aggressively increasing their holdings of this token, with one instance of a single week seeing an addition of 48 million PIPPIN tokens, resulting in a holding increase of 15%. Additionally, two wallets purchased tokens worth 1.5 million dollars around the time of this price increase. Such whale movements are seen as bullish signals, attracting retail investors to join in, and currently, the number of wallets holding the token has surpassed 32,000, further driving up the price.
Latest News: The Bank of Japan raises interest rates to a 30-year high: In December, the Bank of Japan will increase the policy interest rate from 0.5% to 0.75%, marking a new high in interest rates in thirty years and signaling a formal shift from its ultra-loose monetary policy. This rate hike is due to the core CPI exceeding the 2% target for 50 consecutive months, and the yen's exchange rate against the US dollar has fallen to a 10-month low, while also facing multiple pressures including pressure from the US. The rate hike may compress the yen's arbitrage space, prompting global investors to sell assets to return to yen, which in turn affects global asset prices.