GG Z

1.65 billion ETH short position giant whale gone crazy? After the flash crash, a floating loss of 290,000, still hanging a buy order of 30,000 dollars!

Last night at 10:11, the flash crash revealed tough characters: a big player holding a short position of 54,000 ETH worth 165 million dollars, opened at 3048 with a floating loss of 290,000, yet still hanging a buy order for 20,000 at 3,000 dollars, aiming for a position of 225 million!

Is it a hard bet on ETH to fall again, or a floating loss to average down? It's just a game of big funds, don't follow blindly, little guys! They can withstand a fluctuation of 200 million, while your little position will just go to zero with a needle prick～

ETH bulls and bears going crazy, just observe the giant whale's operations, control your positions to protect your life! Is this guy really bearish or just high selling and low buying?
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After the flash crash on 1011, what signal is hidden in this ETH short position giant whale's "turning profit to loss"?

After last night's flash crash on 1011, everyone in the circle is digging into who is shorting—just saw on-chain data that a big player’s ETH short position directly hit 165 million dollars, resulting in a floating loss of 294 thousand, it only took a few hours from making money to being trapped.

This guy opened his position at 3048, and now holds over 54,000 ETH, still placing a limit buy order for 20,000 at 3000 dollars; if executed, the position directly shoots up to 225 million dollars—this operation is genuinely fierce, but also quite risky.

Actually, this matter is quite chewy: the whale dares to increase the short position after the flash crash, indicating he bets on further decline, but now with a floating loss and a low-price buy order, it seems like "averaging down". The nature of this level of capital movement is essentially big money playing with short-term sentiment, but we small retail investors shouldn't blindly follow—after all, they can withstand fluctuations of 225 million, while our small positions might not endure a spike.

Finally, just a mention: the recent ETH long and short battle has been fierce, and the whale's actions can only be taken as a sentiment reference; when actually trading, one must control the position well to avoid becoming cannon fodder in the big money game.

Do you think this whale is genuinely bearish, or is he playing "buy high sell low"? #ETH走势分析

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Hassett shouted 'Golden Year', should the crypto circle be happy or worried?

Hassett's comments over the past few days have gone viral, stating that the US economy is about to welcome a 'Golden Year', and he even thinks a 3% growth rate is not enough, insisting on pushing for 4%. He also added fuel to the expectations of the Federal Reserve's interest rate cut next week. As an old hand in the crypto space, my first reaction is not to jump on the optimism but to dig into whether this is honey or poison for our crypto market.

First, we have to acknowledge that an interest rate cut is definitely a huge benefit for the crypto circle. If the Federal Reserve really cuts rates as Hassett suggests, market liquidity will loosen, and money will surely flow into risk assets like Bitcoin and Ethereum. After all, history shows that after the rate cut in 2020, Bitcoin skyrocketed from $5,000 to $69,000, and after the rate cut in September this year, Bitcoin once surged past $117,000. Now with Hassett adding fuel to the rate cut fire, in the short term, the liquidity expectations in the crypto circle are soaring, and this wave of favorable sentiment is indeed solid.

But don’t get too excited; the 'black swan' that Hassett specifically mentioned is key. The US economy looks stable now, but with $35 trillion in debt risks, geopolitical conflicts in the Middle East, and core inflation that hasn't been suppressed, any one of these could explode and become a black swan. For the crypto circle, these risks are even more fatal—once the economy faces problems, capital will first withdraw to escape risk, and cryptocurrencies as high-risk assets will certainly be the first to be sold off, as seen in the bear market of 2022.

My own strategy is not to go all in just because of this statement; after all, the favorable news may just mean 'buy the expectation, sell the fact'; but I also won’t go empty-handed, as the liquidity dividend from the rate cut is there. I will allocate a small position in mainstream coins, keeping enough cash to wait for the black swan, which is the survival rule for old-timers in the crypto circle.
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190 billion USDT: Who is really providing a 'floor' for the market during this round of 'money printing'?

I just noticed that USDT has surpassed 190 billion, and my first reaction was: the depth of this pool has increased.

We in the crypto circle understand that USDT is the 'blood of the crypto world' — whether you're trading coins, arbitraging, or hedging, you can't avoid it. Now the total supply has reached 191 billion, with a circulating market value of 185.6 billion dollars. Behind these numbers is the 'real demand' of the market: either institutions are quietly hoarding stablecoins in anticipation of market conditions, or retail investors are holding onto USDT to hedge against volatility, especially given the recent fluctuations in the crypto market. Holding USDT feels more secure than holding mainstream coins.

But we need to talk about something substantial: as more USDT is printed, is there really no risk? If we look at Tether's reserve proof, it’s basically cash + short-term debt backing it up, unlike those earlier stablecoins with 'air reserves' — this is also the reason it has been able to keep rising.

More importantly, this increase isn’t happening out of nowhere: recently, RWA (real-world assets on-chain) has been gaining traction, and many institutions are using USDT as an 'on-chain settlement tool'; coupled with expectations for a spot ETF, a lot of funds are converting to USDT in anticipation of entering the market. In other words, USDT's size has long become a 'confidence anchor' for the crypto market — its willingness to expand indicates that the market is at least not collapsing, and funds are still pouring in.

Finally, let me say something heartfelt: don't just panic at the sight of 'money printing', pay attention to where this money is going — if in the future USDT flows into mainstream coins or quality altcoins, then the market might really move; if it just sits in wallets, then we still have to endure.

(Comment section question: Are you holding onto USDT to buy the dip or just sitting still?) $FHE
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Let's talk about something real: Who did Binance's "early coin issuance" really hurt?

Today this matter exploded in the group—at 13:29 a certain Meme coin just launched, and at 13:30 the official Twitter announced this "second-level" operation, who wouldn’t mutter something about the "insider smell"?

After being in the crypto space for so long, the thing I hate the most is the "information asymmetry cut": you have insider news and set up ambushes in advance, while retail investors wait for the official announcement to rush in and take over directly, what's the difference from outright robbery? So it's perfectly normal for the community to blow up today—it's not against Binance, but rather a fear that the word "fairness" has already been breached on the platform side.

Binance says "zero tolerance + internal review", this is something to listen to, but we need to see the follow-up: will they investigate thoroughly? If they find something, will they dare to show evidence and penalize people? After all, blockchain addresses have been exposed, and if they really want to investigate, they can definitely match it.

To be honest, I trust Binance's scale, but I trust even more that "rules must be strictly followed"—the platform is the root of trading, and if the root is muddied with "insider" filth, the whole pool of water will become murky. Today’s incident, rather than saying it was aimed at Binance, it’s more about retail investors shouting, "Don't let us become the meat on the chopping block."

Finally, to be frank: until the investigation results come out, don’t blindly follow the crowd or lead the rhythm, but we need to keep an eye on it—how this matter is handled is not just Binance's reputation, but the bottom line of the entire circle of whether "rules can still be used to make money".

(Waiting for someone knowledgeable in the comments section, do you think this wave is a misunderstanding or is there really something going on?)

Do you want me to help you add a few interaction phrases suitable for the comments section? $FHE
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The Federal Reserve's interest rate cut is imminent, will the crypto circle follow suit this time?

I just saw the news from BlockBeats that the CME Fed watch data has pushed the probability of a 25 basis point rate cut in December to 86.2%, with only a 13.8% chance of maintaining the current rate. This rate cut is practically a done deal. The Federal Reserve will announce its rate decision at 3 AM on December 11 in the East Eight Zone, with an expected rate of 3.75% compared to the previous value of 4.00%. Following that, Powell will hold a press conference at 3:30, and the crypto circle is likely in for another rollercoaster ride.

From the perspective of seasoned players in the crypto circle, the Fed's interest rate cut has always been an important barometer for the crypto market. After all, with the liquidity of the US dollar easing, excess funds will always find a place to go, and cryptocurrencies, as a high-risk, high-reward track, are likely to be targeted. In previous instances when the Fed signaled a rate cut, both Bitcoin and Ethereum experienced varying degrees of surges. With such strong market expectations this time, funds that have positioned themselves early are likely already quietly entering the market.

However, we shouldn't be blindly optimistic; Powell's speech is key. If he signals a hawkish stance at the press conference, such as hinting at a slower pace for future rate cuts, even if a 25 basis point cut does occur, the market may experience a “buy the rumor, sell the news” scenario. There was a similar situation last year, where after the rate cut was implemented, the crypto market actually dropped, primarily because Powell's comments made the market feel that future liquidity would not meet expectations.

For us players in the crypto circle, we need to be cautious in our operations these days. Short-term trades can be made with small positions, but avoid going all-in, as market sentiment can easily be swayed by news. Looking at the long term, if the Fed's rate-cutting cycle truly begins, it will be beneficial for the overall liquidity of the crypto market, and the valuation recovery of quality coins may continue for a while.

In summary, the interest rate decision and press conference on the morning of the 11th are the biggest black swan or white swan events of the week. While everyone prepares snacks to watch the show, we also need to manage our positions well and not be led by market sentiment.
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WTF!!!!!!!#BTC