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CryptoQuant CEO: HODLing Spot is Safe, Selling or Shorting Now is Extremely Unwise

2 hours ago

On November 21st, Ki Young Ju, the founder and CEO of CryptoQuant, posted an analysis on the X platform, stating: "If you are not involved in futures trading and only hold Bitcoin spot, then the current Bitcoin price appears to be in a suitable accumulation range." From the perspective of on-chain cycles, the bull market cycle may have already ended earlier this year when Bitcoin reached around $100,000. According to classic cycle theory, the market's realized price should drop to around $56,000. However, "the macroeconomic situation shows that global liquidity injection has already started, and market sentiment could rebound at any time, making selling or shorting at this time a very unwise action." Ki Young Ju also added that he may have made a wrong judgment and is no longer using leverage. Therefore, he is not very good at timing the market entry, but he still has confidence in the long-term trend.
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Bitcoin is down 9.88% year-to-date, while Ethereum is down 17.88%.

On November 21st, according to HTX market data, Bitcoin rapidly dropped below $82,000 in the afternoon. As of the time of writing, Bitcoin is currently trading at $84,271, with a cumulative decrease of 9.88% this year. In addition, Ethereum has experienced a cumulative decrease of 17.88% this year.

3 minutes ago

「CZ's Long Squeeze」: Whale Longs Liquidation Imminent, Overall PnL Down to Only $2.76M

On November 21st, as per Ember Monitor, the long positions of the "CZ Whales' Opponent" whale are on the verge of liquidation. The current price is only $120 away from its ETH long liquidation price and only $0.17 away from its XRP liquidation price. The two long positions are currently at a floating loss of $3,973. In just 11 days, it has given back $59.12 million in profits. On 11/10, it had a profit as high as $61.88 million, but now only $2.76 million is left. Its ETH liquidation price is $2,595 and its XRP liquidation price is $1.75.

3 minutes ago

A trader's 25-win streak during the recent flash crash was just ended, resulting in a liquidation loss of $5.23 million.

On November 21st, as per on-chain analyst Ai (Twitter: @ai_9684xtpa), the long position of Bitcoin at address 0x926...8cc7a has been liquidated. This address held a long position of 256.98 BTC (approximately $20.86 million), with a liquidation price of $81,191.3, and the holding period was less than 4 days. This liquidation led to a loss of $5.23 million from a single coin transaction, making the address the second-highest loser on the Hyperliquid 24-hour loss list. In addition, the address also held a long position in SOL and is currently facing an unrealized loss of $870,000. It is reported that the trader had a previous record of 25 consecutive wins.

3 minutes ago

「Buddy」 Liquidated, Immediately Reopens 25x Ethereum Long

On November 21st, based on Hyperinsight's monitoring, after undergoing liquidation, the "Whale" reopened a 25x long position in Ethereum with only $14,900 remaining in the account. Currently, it holds 100 ETH, and the liquidation price is $2635. Previously, during the recent sharp sell-off, the "Whale"'s ETH (25x) long position was completely liquidated, resulting in a loss of $1.05 million in this transaction.

3 minutes ago

The total cryptocurrency market cap has dropped below the $3 trillion mark, with a 24-hour decline of 8.5%.

On November 21st, based on Coingecko data, the total cryptocurrency market capitalization has fallen below the $3 trillion level and is currently at $2.952 trillion, indicating a 24-hour decrease of 8.5%.

3 minutes ago

Abraxas Capital's two short positions are currently showing a realized gain of $76.83 million.

On November 21st, as monitored by Onchain Lens, the market is in an extremely bearish state. Abraxas Capital holds short positions in its two wallets, currently showing a floating profit of $76.83 million. Abraxas Capital has cumulatively made a profit of over $269.13 million through its short positions. However, some analysts have pointed out that the related addresses may be hedging their spot positions.

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