7 月 12 日，据余烬监测，「内幕交易员」@qwatio 刚刚从 Maker 赎回 1000 万 USDC 然后转进 Hyperliquid 继续开空。
目前已经开上了价值 2.32 亿美元的空单：
40x 空 1273 枚 BTC，价值 1.5 亿美元，开仓价 117,828 美元，清算价 122,789 美元；
25x 空 2.77 万枚 ETH，价值 8242 万美元，开仓价 2,966 美元，清算价 3,196 美元。

<div><p>7 月 12 日，据余烬监测，「内幕交易员」@qwatio 刚刚从 Maker 赎回 1000 万 USDC 然后转进 Hyperliquid 继续开空。</p><p>目前已经开上了价值 2.32 亿美元的空单：</p><p>40x 空 1273 枚 BTC，价值 1.5 亿美元，开仓价 117,828 美元，清算价 122,789 美元； </p><p>25x 空 2.77 万枚 ETH，价值 8242 万美元，开仓价 2,966 美元，清算价 3,196 美元。</p></div>

「内幕交易员」@qwatio从Maker赎回1000万USDC，转进Hyperliquid再次开空

On July 12th, according to Ember monitoring, the "insider trader" @qwatio just redeemed 10 million USDC from Maker and then transferred it to Hyperliquid to continue shorting.

Currently, they have opened short positions worth $232 million:
40x short 1,273 BTC, valued at $150 million, with an entry price of $117,828 and a liquidation price of $122,789;
25x short 27,700 ETH, valued at $82.42 million, with an entry price of $2,966 and a liquidation price of $3,196.

<div><p>On July 12, according to Yuji monitoring, the "insider trader" @qwatio just redeemed 10 million USDC from Maker and then transferred it to Hyperliquid to continue shorting.</p><p>Currently, a short position worth $232 million has been opened:</p><p>40x short 1,273 BTC, valued at $150 million, with an entry price of $117,828 and a liquidation price of $122,789;</p><p>25x short 27,700 ETH, valued at $82.42 million, with an entry price of $2,966 and a liquidation price of $3,196.</p></div>

"Insider trader" @qwatio redeemed 10 million USDC from Maker and transferred it to Hyperliquid to open a short position again

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...