New address proposes 8686 ETH worth $24.41 million

On November 24, on-chain AI analysis tool CoinBob detected that the 'Ultimate Bear' whale (0x5D2), who opened a 20x BTC short position on May 9, currently has an unrealized profit of approximately $29.78 million. Recently, this address adjusted its take-profit zone down to $67,000, previously set between $89,000 and $91,000. This month, the account has withdrawn approximately $34.09 million in margin and transferred a total of $40 million to a Binance wallet. The current position size of this address is approximately $106 million, with an average entry price of $111,500 and a liquidation price that has dropped from $105,700 to $92,000 over the past 10 days. With an estimated liquidation rate of about 5.75%, it is currently the largest BTC short position on the Hyperliquid platform.

The Grayscale Dogecoin Trust ETF (GDOG) and Grayscale XRP Trust ETF (GXRP) will begin trading tomorrow in NYSE Arca. （Cointelegraph）

[Barclays: Powell May Push for Fed Rate Cut Next Month] Barclays Research pointed out that there is still uncertainty surrounding the Federal Reserve's rate decision next month, but Chairman Powell may push the FOMC to make a rate cut decision. Barclays believes that Governors Milan, Bowman, and Waller may support a rate cut, while regional Fed Presidents Muserlem and Schmid tend to favor maintaining current rates. Governors Barr, Jefferson, Goolsbee, and Collins have unclear stances but lean more toward maintaining the status quo, while Governors Cook and Williams are data-dependent but seem more inclined to support a rate cut. Barclays stated that Powell will ultimately lead the decision, as the threshold for governors to publicly oppose his stance is relatively high.

Monitoring shows that the new address 0x85E... A8408 has withdrawn 8686 ETH from Coinbase in the past 8 hours, with a total value of $24.41 million and an average withdrawal price of $2811. We are currently unable to confirm whether the address is for creating a new warehouse or for circulating Coinbase hot money packages. (Auntie Ai)

[Liquid Capital Founder JackYi: Mid-to-Long-Term Investments Require Research on Fundamentals and User Base] Liquid Capital founder JackYi tweeted that WLFI has risen 50 points in the past three days. For major projects, significant progress in fundamentals may be required to achieve counter-trend growth. He stated that in the current context of fading narratives in the crypto space, all projects' mid-to-long-term investments need to consider multiple factors such as fundamentals, user base, profit model, team background, and vision.