7 月 12 日，据链上信息，某鲸鱼半小时前加仓 49,939.28 枚 HYPE5 倍空单，持仓价值现报 7950 万美元。此外，该鲸鱼还持有价值 2.36 亿美元的 10 倍比特币空单和价值 1.37 亿美元的 10 倍以太坊空单。
值得注意的是，该地址在 Hyperliquid 上累计亏损 2252 万美元。

<div><p>7 月 12 日，据链上信息，某鲸鱼半小时前加仓 49,939.28 枚 HYPE5 倍空单，持仓价值现报 7950 万美元。此外，该鲸鱼还持有价值 2.36 亿美元的 10 倍比特币空单和价值 1.37 亿美元的 10 倍以太坊空单。</p><p>值得注意的是，该地址在 Hyperliquid 上累计亏损 2252 万美元。</p></div>

某合约交易亏损2200万美元鲸鱼半小时前加仓价值超534万美元的HYPE空单

On July 12th, according to on-chain information, a whale added a 5x short position of 49,939.28 HYPE tokens half an hour ago, with a current position value of $79.5 million. Additionally, this whale holds a 10x short Bitcoin position worth $236 million and a 10x short Ethereum position worth $137 million.

It is worth noting that this address has accumulated a loss of $22.52 million on Hyperliquid.

<div><p>On July 12, according to on-chain information, a whale added a 5x short position of 49,939.28 HYPE tokens half an hour ago, with a current position value of $79.5 million. Additionally, this whale also holds a 10x short Bitcoin position worth $236 million and a 10x short Ethereum position worth $137 million.</p><p>It is worth noting that this address has accumulated a loss of $22.52 million on Hyperliquid.</p></div>

A contract transaction lost $22 million. Whale added more than $5.34 million worth of HYPE short orders half an hour ago.

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...