PANews 5月11日消息，据 Onchain Lens 监测，一位鲸鱼用户向 HyperLiquid 账户再度存入 1200 万美元 USDC（昨日该鲸鱼存入 200 万 USDC，目前总存入 2900 万美元 ），以 3 倍杠杆增持 ETH、SOL 和 BTC 的空头仓位。所有空头仓位价值现已超过 6890 万美元，浮动亏损 332 万美元。

<img src="https://static.fwimg.io/img/1px.png">PANews 5月11日消息，据 Onchain Lens 监测，一位鲸鱼用户向 HyperLiquid 账户再度存入 1200 万美元 USDC（昨日该鲸鱼存入 200 万 USDC，目前总存入 2900 万美元 ），以 3 倍杠杆增持 ETH、SOL 和 BTC 的空头仓位。所有空头仓位价值现已超过 6890 万美元，浮动亏损 332 万美元。

某鲸鱼向HyperLiquid存入1200万USDC，空头仓位价值超6890万美元，浮亏332万美元

<PANews> On May 11th, according to Onchain Lens monitoring, a whale user deposited another $12 million USDC into the HyperLiquid account (yesterday, the whale deposited $2 million USDC, with a total deposit of $29 million), increasing short positions for <ETH>, <SOL>, and <BTC> with 3x leverage. The total value of all short positions now exceeds $68.9 million, with a floating loss of $3.32 million.

<img src="https://static.fwimg.io/img/1px.png">PANews reports on May 11th that according to Onchain Lens monitoring, a whale user has again deposited 12 million USD USDC into the HyperLiquid account (yesterday, the whale deposited 2 million USDC, with a total deposit of 29 million USD), increasing short positions for ETH, SOL, and BTC with 3x leverage. The total value of all short positions now exceeds 68.9 million USD, with a floating loss of 3.32 million USD.

A whale deposited 12 million USDC into HyperLiquid, with a short position value of over 68.9 million USD and a floating loss of 3.32 million USD

Another case of "address poisoning," causing one user to lose $50 million. Photo: Techradar
The attack caused a shock.
A cryptocurrency user lost nearly $50 million USDT after mistakenly transferring the funds to...

Another case of "address poisoning," causing one user to lose $50 million.

Today we saw gold, silver, and palladium all hit new highs! Since the correction at the end of October, gold has been trading above the 25-35 day moving average; silver is rising along the four-hour moving average; and palladium is rising along the three-day moving average.
Synchronization: This "synchronized new highs" usually signifies the start of a major trend. Gold provides "stability," silver provides "elasticity," while the addition of palladium indicates a dual surge in industrial and investment demand.
In this clear upward trend, trading volume has not weakened significantly and no bearish structure has emerged. Don't try to short the short at the top; otherwise, you'll end up with...

Market Analysis | Gold, Silver, and Palladium Hit New Highs! How High Can They Go!?

Chapter 1: Executive Summary and Industry Landscape Analysis
As of December 19, 2025, the global digital asset mining sector is undergoing the most profound structural transformation since the birth of Bitcoin. With Bitcoin's price retreating to the $86,000 range after reaching an all-time high of approximately $125,000 in October 2025, and the total network hashrate surpassing the 1,000 EH/s mark, mining companies face the dual challenges of compressed profit margins and surging capital expenditures in the "post-halving era."

1.1 Industry Differentiation

Figure 1: Analysis of the Relationship between Hashrate and Market Capitalization of Major Mining Companies in 2025

The above figure clearly shows the current...