美国大总统

On September 22, the latest liquidation map shows that large concentrated long-liquidation zones appear below the current prices of BTC, ETH, and ZEC. The liquidation risk for HYPE near-term is relatively farther away.

Among them, the BTC risk zone is closest to the current price—once the pullback reaches about 4.4%, it begins to enter. The ETH risk zone is farther away: it has the largest single-point risk size, and the estimated liquidation prices for three large long positions are concentrated between $2,453 and $2,513.

BTC: If it pulls back about 4.4%, it enters a risk zone of roughly $88 million

BTC is temporarily quoted at $85,549. About 1,080 BTC long positions are clustered in the $81,600 to $81,800 range, which—estimated at the corresponding price level—equates to about $87.9 million. This is approximately 4.4% to 4.6% below the current price.

Of these, the position tied to 0xd1…9dab is the most concentrated, with an estimated liquidation price of about $81,550.28, involving roughly 1,060 BTC—corresponding to a size of about $86.23 million, accounting for the vast majority of the risk in this zone.

ETH: Pressure near $2,500

ETH is temporarily quoted at $2,731.8. About 47,000 ETH long positions are clustered in the $2,500 to $2,520 range, corresponding to roughly $118 million, approximately 7.8% to 8.5% below the current price.

Of these, 0x77…e0e9 holds about 41,200 ETH long positions, with an estimated liquidation price of around $2,512.65, corresponding to about $104 million.

If ETH continues to fall, it will then approach two other large long positions:

“Ma Ji” Huang Licheng: about 31,900 ETH, estimated liquidation price $2,473.49, corresponding to about $78.9 million;

0x03…d7d9: about 56,900 ETH, estimated liquidation price $2,453.10, corresponding to about $139 million.

Combined, the three positions total about 130,000 ETH. Based on each position’s estimated liquidation price, the total size is about $322 million.

ZEC: Risk concentration around $1,400

ZEC is temporarily quoted at $1,512.1. In the $1,400 to $1,420 range, about 11,800 ZEC long positions are clustered, corresponding to roughly $16.68 million—about 6.1% to 7.4% below the current price.

Of these, 0xcb…dc70 holds about 10,700 ZEC long positions, with an estimated liquidation price of around $1,412.56, corresponding to about $15.15 million. This accounts for about 91% of the risk amount in this bracket, with the zone’s risk highly concentrated in a single account.

No matter what you do, you must always maintain a positive and upward mindset. Never complain about every little setback, and don’t just give up. Don’t forget why you entered society. Only by doing things seriously and taking responsibility for yourself do you have a chance to push through and make it. Remember: be sure to stay away from people around you who bring negativity and drain your energy.

Dissecting the Korean crypto market: with 16 million users, who is driving trading and narratives?
Recently, a16z crypto opened an office in Seoul to provide go-to-market support for its portfolio companies across the Asia-Pacific region, and is hiring a regional lead to offer comprehensive support to project teams.

Following our previous research on "Focusing on the Chinese crypto market: a quick look at the Web3 KOL and agency marketing ecosystem," this article will focus on the Korean market. Given South Korea's unique economic environment, rapid adoption of digital assets, and emerging regulatory framework, this report on local exchanges, media, institutions, research firms, and blockchain events aims to provide valuable reference resources for investors, startups, community builders, and other stakeholders.

Chat room update this morning: the first take-profit level has been reached!
The key reason for the consecutive sell-off this round: $SNDK

1. The storage sector is in collective panic (the immediate trigger)
Micron (MU), SK hynix, Seagate, and Western Digital all fell sharply at the same time, and the Philadelphia Semiconductor Index plunged. Market worries: AI server storage demand is not as high as the earlier optimistic expectations, so the rise in NAND flash memory prices is slowing.
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2. Valuation bubble digestion $SNDK
After the split and listing in 2025, riding the AI storage narrative, the stock surged several times within a year—making it a popular “hot” odd-lot stock in the market with very thick profit-taking positions. Once sentiment reverses, large amounts of capital rush to exit.
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3. Longer-term supply-side concerns
Storage makers in Japan and South Korea keep expanding capacity. Institutions expect NAND capacity to be released in 2027, implying the upward cycle for flash memory prices may have topped out, putting pressure on gross margins.
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4. Selling pressure from capital
The former controlling shareholder Westward Data has continued to reduce its holdings and shares have been unlocked; multiple investment banks have lowered their target prices. Capital has rotated out of storage-cycle stocks and into semiconductor equipment.
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5. Macroeconomic factors
The timing of interest-rate cuts by the Federal Reserve has been pushed back again; Treasury yields remain high, weighing on high-valuation tech-growth stocks.