Odaily星球日报讯 据 Lookonchain 监测，巨鲸 0x9626 的 25 倍杠杆 ETH 空头仓位濒临清算，该巨鲸已平仓部分头寸，目前仍持有 12500 枚 ETH（价值 4070 万美元）的空头仓位，当前亏损已超 200 万美元，强平价格为 3279.57 美元。

Odaily星球日报讯 据 Lookonchain 监测，巨鲸 0x9626 的 25 倍杠杆 ETH 空头仓位濒临清算，该巨鲸已平仓部分头寸，目前仍持有 12500 枚 ETH（价值 4070 万美元）的空头仓位，当前亏损已超 200 万美元，强平价格为 3279.57 美元。

某巨鲸的25倍杠杆ETH空头仓位面临强平，目前亏损已超200万美元

<Odaily> Planet News: According to Lookonchain monitoring, the whale 0x9626's 25x leveraged ETH short position is on the verge of liquidation. The whale has already closed part of its position and currently still holds a short position of 12,500 ETH (worth $40.7 million), with current losses exceeding $2 million, and the forced liquidation price is $3,279.57.

A whale's 25x leveraged ETH short position is facing forced liquidation, and the current loss has exceeded 2 million US dollars

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

This article is from Kyle Crypto Hunt.
Compiled by Odaily Odaily(@OdailyChina); Translated by Azuma (@azuma_eth)
Editor's Note: Arthur Hayes, the legendary market predictor, co-founder of BitMEX, is at it again, offering his predictions. In today's episode of the Kyle Crypto Hunt podcast, Hayes discusses macroeconomic liquidity changes, market trends, his personal positions, and trading strategies...