This trader is sitting on some heavy paper losses.
The wallet currently holds a $19.36 million portfolio spread across MRVL, SNDK, SKHX, MU, NBIS, CRCL, ZHIPU, and several other positions.
Most of the damage is coming from just three stocks:
Marvell Technology (MRVL)SK Hynix (SKHX)SanDisk (SNDK)
Together, those three positions account for about $7.6 million in unrealized losses, making up roughly 84% of the portfolio's total paper loss.
Address: 0x519c721De735f7c9E6146d167852E60d60496a47
The go...
THIS HAS MARKED EVERY MAJOR STOCK MARKET TOP SINCE 2000.
Margin debt just jumped 53.7% in a year, hitting a record $1.4 trillion, according to Leuthold Group.
That growth rate has only been matched right before the 2000, 2007, and 2021 tops.
The S&P 500 only returned about 22% over the same period, roughly half the pace of margin debt growth.
People aren't just buying stocks. They're borrowing money faster than the market is actually rising.
The AI trade is likely pulling in much of this ...
So $ETH just had its first real move against $BTC in over a year. Finally.
But here's the thing — I wouldn't get too excited yet. Short-term? This probably consolidates or pulls back a bit.
Why? Because when $BTC decides to rip, it usually drags everything else down with it. That's just how it goes. Altcoins bleed, people panic, rinse and repeat.
Once that's done though, that's when money starts rotating back into alts. That's the pattern we've seen before.
And yeah, a lot of people are stil...