Crypto market: Total market value drops 13.5% weekly, Bitcoin approaches 7-month low

[Whale Address Opens ETH and SOL Long Positions, Total Holdings Reach $22.05 Million] On-chain analysis shows that whale address '0x8...244' has executed 30 consecutive long trades on Hyperliquid since November 3, with a win rate of 31%. The address has just opened 20x leveraged long positions in ETH and SOL, bringing total holdings to $22.05 million. Among them, ETH holdings amount to 5,047.09 units ($15.2 million) with an entry price of $2,995.9, and SOL holdings amount to 51,411.68 units ($6.95 million) with an entry price of $135.43.

[Trader deposits 9 million USDC into HyperLiquid to open leveraged long positions] On-chain data shows that the address '0x8d0' deposited 9 million USDC into HyperLiquid and opened ETH and SOL long positions with 20x leverage. Previously, this address had incurred a loss of $7.4 million in trading.

[On-chain Analyst: Realized Loss Reaches $860 Million on November 17, Market Panic Continues] On November 18, on-chain analyst Murphy stated that the market experienced a second wave of panic selling on November 17, with entity-adjusted realized loss (EARL) reaching $860 million, surpassing the $820 million recorded on November 14. Market panic sentiment continues to spread. Murphy pointed out that only if EARL gradually decreases or shows an overall decline during the price drop can it be considered as the clearing of panic selling, signaling that the bottom has been reached and a rebound may begin.

Monitoring shows that addresses 0x8d0... 59244 have just opened over 20 times ETH and SOL orders on Hyperliquid, with a total holding of $22.05 million. Among them, ETH holds 5047.09 coins (15.2 million US dollars) with an opening price of 2995.9 US dollars; SOL holds 51411.68 coins (6.95 million US dollars) with an opening price of 135.43 US dollars. (Auntie Ai)

[In the past 4 hours, $262 million liquidated across the network, with long positions accounting for over 90%] Data shows that in the past 4 hours, the total liquidation amount across the network reached $262 million, including $241 million in long position liquidations and $20.14 million in short position liquidations, with long positions dominating. ETH liquidation amount was $39.59 million, and BTC liquidation amount was $194 million.