「Battle King」 went short 136.15 BTC with 40x leverage, with an average entry price of $83,469.3
On January 31, per monitoring from HyperInsight (via its Telegram channel @HyperInsight: https://t.me/HyperInsight), the trader known as “Battle King” shorted 136.15 BTC with 40x leverage at an average entry price of $83,469.3, currently holding an unrealized loss of $74,000.
This address has only 5 prior recorded losing trades, totaling $5,195.36 in losses. All other trades were closed for profit, with the account’s total profit reaching $474,000.
41 minutes ago
Coinbase: Argument that "Bitcoin Will Rebound After Gold Strengthens" Is Flawed, Investors Should Be Cautious About This Narrative
On January 31, Coinbase Institutional shared on social media that the debate over whether a gold price surge will ultimately benefit Bitcoin has resurfaced. Our research team conducted an in-depth analysis and found this assumption may not hold water. Key takeaways include:
- **No Consistent Correlation**: Historical data shows no consistent statistical link between gold’s price gains and Bitcoin’s subsequent performance. At most, there’s occasional correlation, with significant differences across time frames.
- **Divergent Market Roles**: Gold typically benefits from risk-off environments, while Bitcoin tends to outperform during risk-on sentiment. These fundamentally different dynamics mean the two asset classes often move independently.
- **Unproven Causality**: The claim that “gold’s strength will drive Bitcoin higher” rests on an unproven assumption—one lacking empirical support and a clear causal lag relationship.
The team noted that while gold and Bitcoin may occasiona
41 minutes ago
The "1011 Flash Crash" public relations battle intensifies, with OKX explicitly pointing fingers at Binance for the first time, while CZ accuses the competitor of hiring a troll army to spread FUD.
January 31st — Early this morning, Binance founder Changpeng Zhao (CZ) addressed recent market FUD, stating the "1011 Flash Crash" was not caused by any Binance system issue or operational error. Binance is currently properly regulated and has no motive for misconduct. No website or trading platform can guarantee 100% uptime, and user terms clearly note such scenarios may occur with no platform liability. While Binance did face minor system performance issues during peak hours, it has handled compensation for related losses well.
Later, OKX founder Star took to social media to address the recent implications, explicitly calling on Binance to take responsibility for the first time. Star claimed the "1011 Flash Crash" stemmed from Binance’s irresponsible USDe activities: the exchange encouraged users to convert USDT and USDC to USDe for attractive returns but failed to adequately highlight underlying risks, ultimately leading to a minor market shock that triggered a broader collapse.
41 minutes ago
「Whale Long-Term BTC Short」 Reduces Position by 110 BTC Shorts, Still Holding $10.72M Profit
As of January 31st, per monitoring from HyperInsight (Telegram: @HyperInsight), the "Long-Term BTC Bear" whale (address 0x5d2f4) has been steadily reducing its Bitcoin short position over the past 10 hours.
Currently, the whale holds a 20x leveraged short position of 389.91 BTC, with an unrealized gain of $10.72 million.
The whale entered the trade when Bitcoin was priced at $111,499.3, opening a 20x leveraged short of 499.91 BTC. To date, it has collected $9.9967 million in funding fee settlements.
41 minutes ago
The End of the Precious Metals Feast: Gold and Silver Contract 24-hour Trading Volume on Hyperliquid Up MoM
On January 31, **HyperInsight** monitoring shows **Hyperliquid** has stayed active in precious metals over the past 24 hours—with gold and silver contract volumes both ranking in the platform’s top 10.
- Combined 24-hour trading volume for the gold token PAXG contract and GOLD contract reached $602.7 million, with total open interest (OI) of $196 million.
- The silver-mapped SILVER contract posted a 24-hour volume of $2.66 billion and OI of $224 million.
- The copper-mapped COPPER contract recorded a 24-hour volume of $161.3 million and OI of $115.8 million.
*Note: Open interest (OI) replaces "total contract position" for industry-standard clarity; $2.659B is rounded to $2.66B for readability, aligning with U.S. financial media conventions.*
41 minutes ago
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