Marathon Digital has transferred 2348 BTC worth approximately $236 million to FalconX, TwoPrime, Galaxy Digital, and Coinbase Prime in the past 12 hours. Previously, the company was known for its continuous purchases of Bitcoin, and this large transfer has attracted market attention. （Lookonchain）

[Legendary Trader 'LeBron' Buys Back 2 Million GHOST Tokens] Legendary trader 'LeBron,' after taking profits on GHOST, spent 152 SOL (approximately $23,500) 4 hours ago to repurchase 2 million GHOST tokens. This transaction was monitored by the on-chain data analysis platform Lookonchain, indicating his continued interest in the GHOST project and asset adjustments.

Last night, 'Calm Order King' took profit on short positions and opened long positions at BTC $101,600, ETH $3,390, and SOL $156, while also incrementally adding to these positions. Additionally, small long positions were opened in UNI, and some BTC and ETH spot purchases were made, bringing the total holdings to $63.76 million. Currently, the BTC long position has an unrealized profit of $280,000 (27%), with the average price reduced to $100,500 and a position size of approximately $20.51 million. The ETH long position has an unrealized profit of $900,000 (100%), with the average price reduced to $3,186 and a position size of approximately $22.19 million. The SOL long position has an unrealized profit of $350,000 (38%), with the average price reduced to $153 and a position size of approximately $18.73 million. Previously, this address closed BTC and SOL short positions last night, earning a total profit of $4.71 million. This trader, who has grown an initial capital of $3 million to over $20 million, has repeatedly made accurate market predictions, with the highest single trade profit reaching $5.1 million, drawing significant attention from the on-chain trading community. Investors should be mindful of market volatility risks.

[Address '1011short' deposits 20 million USDC into HyperLiquid to increase BTC and ETH long positions] On-chain data shows that the address '1011short' has deposited approximately 20 million USDC into the HyperLiquid platform to further increase its BTC and ETH long positions. Currently, the address holds 600 BTC (approximately $60.9 million) with an entry price of $104,785.9 and a liquidation price of $43,160.57. Additionally, it holds 13,000 ETH (approximately $43 million) with an entry price of $3,444.81 and a liquidation price of $593.38. Previously, this address has repeatedly increased its holdings, bringing the total size of its long positions to over approximately $103 million.

[Heavy Positions and Valuation Concerns Trigger Tech Stock Pullback] Jon Withaar, Senior Portfolio Manager at Pictet Asset Management, stated that the tech stock pullback is driven by multiple factors, with the core issue being position levels. Globally, both retail investors and hedge funds hold high long exposure to tech stocks. Last night, several CEOs made negative remarks regarding valuations, coupled with the sharp decline in cryptocurrency prices, further dampening market sentiment. This sell-off is primarily position-driven, with stocks that have performed strongly recently experiencing larger declines. In the Asian market, companies like SoftBank and SK Hynix were significantly affected, especially after yesterday's "investment caution notice" targeting SK Hynix, which raised concerns among retail and institutional investors.