📊 Deep Dive | BTC breaks below $80K—who’s exiting?
According to The Block, Bitcoin briefly fell below $80,000, liquidating $404 million in long positions over four hours. Two Hyperliquid whales also had $8.05 million worth of BTC long positions liquidated.
On-chain signals deserve a closer look:
1️⃣ Arthur Hayes sold $28.81 million worth of tokens in 24 hours—including 8,000 $ETH ($19 million), 14 million $ENA , and 323,000 UNI—and has withdrawn $14.15 million in USDC, saying he’ll “buy the dip once it bottoms.”
2️⃣ A Worldcoin-linked address deposited 10.5 million $WLD ($4.857 million) to exchanges over 11 hours, possibly selling a position held since three years ago.
3️⃣ On the macro front: the US-Iran conflict has entered its eighth month. Goldman Sachs warned that the Strait of Hormuz crisis has driven crude oil shipping costs up sevenfold, while 28 merchant ships were attacked in October—a record high.
Takeaway: Smart money reducing exposure, geopolitical risk premiums, and leveraged positions being flushed out are combining to weigh on short-term sentiment. But panic-driven deleveraging is often a prelude to a bottom. When Peter Schiff says “Bitcoin has finally broken down,” perhaps it’s time to think the opposite.
NFA | DYOR
#BTC #以太坊 #链上数据 #加密货币 #Bitcoin market
According to The Block, Bitcoin briefly fell below $80,000, liquidating $404 million in long positions over four hours. Two Hyperliquid whales also had $8.05 million worth of BTC long positions liquidated.
On-chain signals deserve a closer look:
1️⃣ Arthur Hayes sold $28.81 million worth of tokens in 24 hours—including 8,000 $ETH ($19 million), 14 million $ENA , and 323,000 UNI—and has withdrawn $14.15 million in USDC, saying he’ll “buy the dip once it bottoms.”
2️⃣ A Worldcoin-linked address deposited 10.5 million $WLD ($4.857 million) to exchanges over 11 hours, possibly selling a position held since three years ago.
3️⃣ On the macro front: the US-Iran conflict has entered its eighth month. Goldman Sachs warned that the Strait of Hormuz crisis has driven crude oil shipping costs up sevenfold, while 28 merchant ships were attacked in October—a record high.
Takeaway: Smart money reducing exposure, geopolitical risk premiums, and leveraged positions being flushed out are combining to weigh on short-term sentiment. But panic-driven deleveraging is often a prelude to a bottom. When Peter Schiff says “Bitcoin has finally broken down,” perhaps it’s time to think the opposite.
NFA | DYOR
#BTC #以太坊 #链上数据 #加密货币 #Bitcoin market