Kill! Bitcoin fell below $87,000, Ethereum lost $2,900, Magee’s bullish orders suffered another setback, and Bitcoin OG whale lost 56 million mg.
The encryption market will encounter heavy selling pressure again tonight (26th)! The price of Bitcoin fell below the $87,000 mark, temporarily trading at $86,785, down approximately 1.2% in the past 24 hours. Ethereum was also weaker, falling below $2,900, down 1.8% in 24 hours.
(Preliminary summary: Bitcoin is carnival, but altcoins are buried: The two-year bull market has resumed, why has your assets shrunk instead?)
(Background supplement: Bitcoin’s four-year cycle is dead! Bitwise Investment Chief: The encryption market has entered a ten-year protracted war)
The encryption market will encounter heavy selling pressure again today (26th)! The price of Bitcoin fell below the $87,000 mark, temporarily trading at $86,785, down approximately 1.2% in the past 24 hours. Ethereum was also weaker, falling below $2,900, down 1.8% in 24 hours.
It is worth noting that according to HyperInsight monitoring, the Ethereum long orders held by the well-known crypto investor "Big Brother Maji" Huang Licheng's address suffered significant floating losses under the impact of this wave of decline. This address is long 8,100 ETH with 25 times leverage. The average opening price is about US$2972.52, and the liquidation price is US$2870.73. Floating losses currently exceed $500,000.
In addition, the trader known as the "Bitcoin OG whale" by the market has further expanded the losses on his long orders. The current total floating loss has exceeded US$56 million, and he has paid approximately US$3 million in funding fees. Its investment positions are as follows:
- Long US$500 million in ETH, with an opening price of US$3,147, and a floating loss of US$48.98 million;
- Long US$86.99 million in BTC, with an opening price of US$91,506, with a floating loss of US$4.68 million;
- Long US$62.18 million in SOL, with an opening price of US$130, with a floating loss of US$48.98 million; $4.66 million.
Overall, short-term pressure on the crypto market still exists, and investors should remain cautious and avoid using high leverage.
