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Abraxas Capital Takes Profit on Bitcoin Short, Two Addresses See Combined $77.9M Profit for the Week

3 hours ago

On October 21st, as per the monitoring of HyperInsight, in the past 6 hours, two addresses labeled as Abraxas Capital (0x5b5, 0x83) have partially closed their short positions in BTC to take profits, reducing the nominal value by around $17.7 million. Currently, these two addresses still hold a short position of $232 million. According to the monitoring, the total nominal value held by the two Abraxas Capital addresses is approximately $620 million. In the past 7 days, they have achieved a profit of $77.9 million, with approximately $38.2 million in unrealized gains. It is worthy of note that although both addresses adopt an all-short strategy, there is a significant difference in their allocation: the main address mainly holds mainstream currencies, while its sub-addresses have a diversified layout of multiple altcoins to amplify potential returns. Out of all 24 positions, only the ETH short position of the main address is currently in a loss position.
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A Whale Liquidated over 381,000 HYPE Tokens, Profiting $4.16 Million

On October 21st, as monitored by Onchain Lens, a whale sold all 381,554 HYPE tokens at an average price of $36.78, realizing a profit of $4.16 million.
A total of 10 months ago, this whale initially acquired these HYPE tokens at a price of $25.87, which amounted to $9.87 million.
If the whale had sold at the peak price of HYPE, it could have achieved a profit of $12.8 million.

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Matrixport: Bitcoin Touches 21-Week Moving Average, Market Focused on Key Technical Level

On October 21st, Matrixport presented the following market insights: The 21-week moving average has once again emerged as a key observation point for the trend of Bitcoin. This level has always been regarded as an important dividing line for the conversion between bullish and bearish markets: when the price is above it, it usually indicates that the market is shifting from bearish to bullish; while a drop below it generally means the start of a market correction. If Bitcoin fails to regain this level for a long time, the current consolidation trend may further develop into a deeper pullback. The current pullback is still relatively mild. Against the backdrop of the market's general expectation that the Fed will continue to cut interest rates, the overall trend may remain controllable unless there is a significant weakening in the US economy. From a historical perspective, the ideal entry point often occurs when Bitcoin briefly drops below this moving average a

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Meme project Slerf has successfully processed all user refunds

On October 21st, within the Solana ecosystem's Meme project Slerf, all user refunds have been completed. The total refund amount reached 53,359.62 SOL and was distributed among 25,444 wallets. Previously, due to a mistake, the founder of Slerf accidentally burned the entire liquidity pool and airdrop reserve tokens, and the minting authority has been revoked. Since then, the team has promised a full SOL refund.

2 minutes ago

Polymarket Launches Cryptocurrency '15-Minute Price Change' Prediction

On October 21st, according to official channels, Polymarket has initiated a cryptocurrency "15-Minute Price Up/Down" prediction. This prediction is backed by Chainlink and currently only offers predictions for Bitcoin and Ethereum.

2 minutes ago

Under Tariff Rhetoric, Only Two AI Models Remain Profitable, Grok24-hour Drawdown Approaches 30%

On October 21st, according to the on-chain AI analysis tool CoinBob (@CoinbobAI_bot), in the mainstream AI large model trading competition. Possibly influenced by the news last night that "Trump stated that if there is no agreement, a 155% tariff will be imposed", the initial funds of the six major AI models were all $10,000. Most models, because they were fully allocated in long positions yesterday, experienced an amplified retracement today. The specific performances are as follows: - DEEPSEEK initiated long positions at a low yesterday. There are still 6 positions with unrealized profits. Although it experienced a 24% retracement in the last 24 hours, the net value still maintains a 11% profit. The current account balance is $11,015. - CLAUDE 2 is in a leveraged long position with 8-15x leverage. It experienced a 7% retracement in the last 24 hours. The current net value still holds a 9% profit. The current account balance is $10,931. - Grok incurred a 30% loss in the last 24 hours.

2 minutes ago

A new address withdrew 11,860 ETH from OKX in the last 3 days, valued at $45.8 million.

On October 21st, as per the monitoring of Onchain Lens, a newly established wallet has withdrawn 11,860 ETH from OKX within the past 3 days. The value of this withdrawal is $45.8 million.

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