#加密领域市场回调 on-chain出现狠角色：700万美金直接 All in shorting I just noticed an interesting operation. In the early hours, a new wallet sent 7 million USDC to Hyperliquid and then directly opened a 20x leverage shorting position on Bitcoin and XRP. I looked at the specific positions - a $116 million BTC short position and a $20.35 million XRP short position, totaling a risk exposure of $136 million. That's quite a bold move. This operation may have several layers of meaning behind it. Firstly, it could reflect a pessimistic view on short-term liquidity. Recently, there has been a government shutdown in the U.S., and the Treasury's TGA account has siphoned off hundreds of billions of dollars, making money quite tight in the market. It is normal for institutions to adopt a defensive posture. Secondly, high leverage is for high returns. I remember a player in March this year who shorted BTC with 40x leverage and ended up making over 4 million dollars. Also, XRP has been performing relatively weak lately, and the liquidation imbalance rate previously spiked to over 1000%. Although the risk of a short squeeze is still there, it seems the market hasn't fully digested this expectation yet. But to be honest, the operational risk is too high. What does 20x leverage mean? A 5% price movement can liquidate you. Bitcoin is currently around $100,000, and this position has quite strong support. If the government shutdown in the U.S. comes to an end and liquidity returns, the shorts might be caught off guard. Ordinary people shouldn't just follow because they see others getting excited. High leverage is really like dancing on the edge of a knife; if you're not careful, you could lose everything. $BTC $ETH $SOL

#加密领域市场回调 November 6 Ethereum Observation The current steady upward momentum actually reflects solid accumulation of bullish strength. Don’t be fooled by the slowing pace—each pullback is just setting the stage for the next wave of advancement. A clear pattern has emerged recently: after a rally, there’s always a correction. Bears often think they’ve caught a reversal, but it’s really just a shift in the trend’s speed. From a trading perspective, consider gradually entering long positions around the 3340 level. The first target is 3450, and once broken, the next resistance is at 3500. $ETH $XRP