MiniMax fell 10.1% in the last 24 hours.

Analysis: Bitcoin short sellers are accelerating their entry, and the market is approaching the bottom of the long-term trend channel.

Whale Holds 30,000 ETH Short With $15.6M in Unrealized Profit

Machi Sells Bored Ape 2894 for 7.3 ETH After Five Years, Taking a 117.7 ETH Loss

Suspected Erik Voorhees-Linked Addresses Buy 64,231 ETH in Three Days, Face $14.77 Million Unrealized Loss

With unrealized profits of approximately $15.6 million, one address holding 30,000 ETH with a 20x leveraged short position became the account with the highest single unrealized profit on Hyperliquid ETH.

A well-known trader stated that the sell-off primarily occurred at Coinbase, and its aggressiveness was unprecedented.

Address Closes All ETH Shorts With About $40.49 Million in Total Profit

With a total profit of approximately $40.49 million, a certain address closed out all its short ETH positions.

Total profit was approximately $66.93 million, with one address increasing its BTC long positions by approximately $4.84 million.