# 币圈

Viewing the crypto economy systemically — The silent period of cryptocurrencies: not a retreat, but waiting for destiny to be called again
1. Institutions are not panic retreating, but are in a phase of de-risking and silence after completing their allocations
2. Bitcoin, as a macro hedge asset, temporarily loses the necessity of "forced allocation" at this stage
3. The ETF approval has提前释放了未来数年的机构需求, reducing the need for continuous buying in the short term
4. Ethereum is in a narrative vacuum period; its asset quality is recognized, but there is no urgent need to increase holdings at present

🚨炸锅！Brother Maji爆仓亏光5000万后，狂砸300万开1200万25倍ETH多单，这是要和市场死磕到最后？
💥💥**Crypto "Dead Bird" Huang Licheng, the more he loses, the crazier he gets! Pushing operational limits!**💥💥
On-chain data just analyzed, Brother Maji has pulled off another fierce move: after three consecutive爆仓 in November, losing 50 million USD💸, in December he turned around and投入300万美元保证金 at the ETH 3100 USD level, directly opening a 25x leveraged long position, with current position reaching 12 million USD💰, with the liquidation price firmly set at 3015 USD—only 85 USD away from the current market price!
Is this trading?

On December 16, according to Hyperinsight monitoring, as Bitcoin drops to $85,618 and Ethereum falls to $2,936, the "BTC OG Insider Whale" currently has an overall unrealized loss exceeding $52 million. The current position details are as follows:
· ETH Long (5x): Holding 190,935 ETH, approximately $561 million, unrealized loss of $43.04 million (-38.3%);
· BTC Long (5x): Holding 1,000 BTC, approximately $85.64 million, unrealized loss of $5.86 million (-34.25%);
· SOL Long (20x): Holding 250,000 SOL, approximately $31.2 million, unrealized loss of $3.17 million (-203%).