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02:57
After a major whale lost $3.7 million on a Bitcoin long position, they purchased 10,000 ETH and converted them to stETH.
Foresight News reported, according to Onchain Lens monitoring, a certain whale suffered a $3.7 million loss on a Bitcoin long position, withdrew all funds, and deposited 31.7 million USDC to Wintermute to purchase 10,000 ETH. Subsequently, the whale converted the ETH to stETH and sent it to another wallet address holding 40,060 stETH (approximately $126 million).
02:56
A swing whale bought 10,000 ETH, with holdings valued at $127 million.
According to Ember monitoring, the whale who previously made a profit of $96.67 million from ETH swing trading suffered a loss of $3.8 million by opening long BTC contracts. After stop-loss liquidation on Hyperliquid this morning, the remaining $31.7 million USDC was exchanged for 10,000 ETH through Wintermute OTC. Currently, this whale address (0xFB7...e0A3) holds a total of 40,000 ETH, valued at $127 million, with an average cost of $3,241 per ETH.
02:55
10x Research: Bitcoin's Next Move Will Be Driven by Market Structure and Capital Behavior, Not Macro Narratives
According to Odaily, 10x Research posted on X that the market tends to favor simple narratives, but bitcoin's price movements rarely follow these patterns. Although the US stock market has benefited from strong seasonal capital inflows at the beginning of the year, bitcoin operates under different rules. As calendar effects fade and macro correlations break down, the truly important signals will emerge from market structure, technical resets, and actual capital behavior. Heading into 2026, many macro indicators show confidence, but history suggests this is often when signals are weakest. The key now is whether real capital is preparing for the next institutional shift. In today's report, 10x Research analyzed the actual factors driving bitcoin's price movements and trading strategies.
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