5 月 1 日，据 Onchain Lens 监测，一个钱包地址在休眠两个月后变得活跃，将 518 万枚 USDC 兑换为 53.87 枚 WBTC，均价为 96,160 美元。

<div><p>5 月 1 日，据 Onchain Lens 监测，一个钱包地址在休眠两个月后变得活跃，将 518 万枚 USDC 兑换为 53.87 枚 WBTC，均价为 96,160 美元。</p></div>

某鲸鱼在休眠两个月后花费518万美元买入53.87枚WBTC

On May 1st, according to Onchain Lens monitoring, a wallet address became active after two months of inactivity, exchanging 5.18 million USDC for 53.87 WBTC at an average price of $96,160.

<div><p>On May 1st, according to Onchain Lens monitoring, a wallet address became active after two months of inactivity, exchanging 5.18 million USDC for 53.87 WBTC at an average price of $96,160.</p></div>

A whale spent $5.18 million to buy 53.87 WBTC after two months of dormancy

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...