- inflows into spot $SOL ETFs have been recorded on all days since the launch of the first ETF except November 26 (inflows into SOL ETFs were observed even when BTC ETFs were experiencing record outflows) — Farside data.
Whale made hundreds of millions on the market decline!
An unknown whale, who closed his positions back in the summer and suffered a $163 million loss, has now made over $140 million on the decline – that's his net profit and loss for his entire time on the Hyperliquid exchange.
He currently has $94 million in open short positions on $ETH , $45 million in $HYPE , and smaller positions. His total profit and loss on his current positions is over $26 million, and he's already earned over $37 million from funding these positions. It's simply insane.
According to the MVRV indicator, $BTC is currently at a record short-term oversold level.
According to the Puell Multiple indicator, there's still room for further decline: short-term bottoms have historically formed when the Puell Multiple fell below 0.5; the indicator is currently at 0.67.
CryptoQuant notes that $BTC has seen the strongest correction of this cycle.
Checkonchain notes the largest liquidation of leveraged longs during this decline, as well as one of the largest liquidations of short-term $BTC holders.