7 月 18 日，据链上数据分析师余烬监测，某个 [波段交易 ETH、BTC 拥有 81% 胜率] 的交易员在 5 小时前转移 500 万 U 至某开设 ETH 空单的地址以补充保证金。
数据显示，在 7 月 12 日 ETH 2,969 美元时开始做空 ETH，此后在 7 月 14 日 3,051 美元时清仓 ETH 现货。卖出 ETH 现货赚取 742 万美元利润，但目前做空 ETH 已浮亏 944 万美元。

<div><p>7 月 18 日，据链上数据分析师余烬监测，某个 [波段交易 ETH、BTC 拥有 81% 胜率] 的交易员在 5 小时前转移 500 万 U 至某开设 ETH 空单的地址以补充保证金。</p><p>数据显示，在 7 月 12 日 ETH 2,969 美元时开始做空 ETH，此后在 7 月 14 日 3,051 美元时清仓 ETH 现货。卖出 ETH 现货赚取 742 万美元利润，但目前做空 ETH 已浮亏 944 万美元。</p></div>

某波段鲸鱼交易员卖出ETH现货获利742万美元后，因做空ETH浮亏944万美元

On July 18, according to on-chain data analyst <余烬>, a trader with [an 81% win rate in swing trading ETH and BTC] transferred 5 million U to an address that opened a short position in ETH 5 hours ago to supplement margin.

Data shows that the trader started shorting ETH at $2,969 on July 12, and then closed out ETH spot positions at $3,051 on July 14. The trader earned $7.42 million in profit from selling ETH spot, but currently has an unrealized loss of $9.44 million from shorting ETH.

<div><p>On July 18, according to on-chain data analyst Yu Jin's monitoring, a trader with an 81% win rate in swing trading ETH and BTC transferred 5 million USDT to an address opening a short on ETH 5 hours ago to supplement margin.</p><p>Data shows that the trader started shorting ETH at $2,969 on July 12, and then closed out ETH spot positions at $3,051 on July 14. By selling ETH spot, they earned a profit of $7.42 million, but currently, their short on ETH has an unrealized loss of $9.44 million.</p></div>

A whale trader made a profit of $7.42 million by selling ETH spot, but suffered a loss of $9.44 million due to short ETH

Introduction Market Overview In 2025, stablecoins and DAT expanded in both scale and application scenarios, beginning to directly connect with traditional finance at the boundary level. The total market capitalization of stablecoins once exceeded $230 billion, with an annual on-chain settlement scale of approximately $1.5 trillion. Supported by legislation such as the GENIUS Act, they gradually solidified as the underlying settlement layer for cross-border payments and on-chain finance. The DAT model, through compliant equity or fund vehicles, provided traditional institutional investors with a standardized path to access crypto asset exposure, with its holdings of BTC and ETH assets having a high market value...

2025 Coinglass Derivatives Report: Instead of the altcoin season, a $154.6 billion liquidation season arrived.

Author: Xiaobing, TechFlow TechFlow
Original title: Even Satoshi Nakamoto had to kowtow to the God of Wealth.
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Every year on the fifth day of the first lunar month, Xiaobing gets up very early to go to the Temple of the First God of Wealth in the World at Beigaofeng in Hangzhou.
I thought I was going to be squeezed in with all the aunties and uncles, but when I got there, I found that everyone kneeling in the smoke was someone I knew.
On the left is a well-known gossip KOL, on the right is someone from a gambling community, and there are a few others who are always talking nonsense...

Metaphysics Takes Over the Crypto: When Candlestick Charts Give Way to Bazi (Four Pillars of Destiny) and Feng Shui

What's Next for DeFi in 2026?

We've revealed the key trends to watch next year.

Last year, DL News attempted to predict three major DeFi trends for 2025.

We predicted that traditional finance would enter DeFi at an unprecedented pace, more protocols would launch their own blockchains, and fintech companies would massively integrate DeFi into their products.

Our predictions have proven quite accurate.

In 2025, we'll see banks issuing stablecoins, asset management firms allocating billions of dollars to DeFi lending protocols...