PANews 6月26日消息，据Onchain Lens监测，巨鲸@qwatio再次遭遇部分清算，这是3天内第4次。该交易中他已因BTC（40倍杠杆）和ETH（25倍杠杆）空头仓位损失665万美元。其资产在3天内从盈利340万美元转为亏损870万美元。

<img src="https://static.fwimg.io/img/feed/a104735a013dbb53abcce4faac1947b5.jpg">PANews 6月26日消息，据Onchain Lens监测，巨鲸@qwatio再次遭遇部分清算，这是3天内第4次。该交易中他已因BTC（40倍杠杆）和ETH（25倍杠杆）空头仓位损失665万美元。其资产在3天内从盈利340万美元转为亏损870万美元。

巨鲸@qwatio再次遭遇部分清算，其BTC和ETH空头仓位损失665万美元

<PANews> News on June 26, according to Onchain Lens monitoring, the whale @qwatio has encountered partial liquidation again, which is the 4th time in 3 days. In this transaction, he has lost $6.65 million due to short positions in BTC (40x leverage) and ETH (25x leverage). His assets have shifted from a profit of $3.4 million to a loss of $8.7 million within 3 days.

<img src="https://static.fwimg.io/img/feed/a104735a013dbb53abcce4faac1947b5.jpg">PANews news on June 26, according to Onchain Lens monitoring, the whale @qwatio has encountered partial liquidation again, which is the 4th time in 3 days. In this transaction, he has lost $6.65 million due to short positions in BTC (40x leverage) and ETH (25x leverage). His assets have changed from a profit of $3.4 million to a loss of $8.7 million within 3 days.

The whale@qwatio was partially liquidated again, and its BTC and ETH short positions lost $6.65 million

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

Source: Galaxy Research; Translation: Jinse Finance xz
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakthrough after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged margin calls, and massive...

Galaxy: 26 Predictions for the Crypto Market in 2026

Messari released "The Crypto Theses 2026," a report that predicts future trends in public blockchains, DeFi, AI, DePIN, and TradFi. From Messari's perspective, 2026 will be a pivotal year for cryptocurrencies, marking a shift from "speculative" to "system-level integration."

Author: Messari
Compiled/Translated by: ODIG Invest
Messari Releases "The Crypto Theses 2026"...