zlxjoke

📅 November 7 · Congress’s doors are closed, but the regulatory side doors are still open
🚨 The Democrats won the midterms, and discussions on crypto legislation on Capitol Hill can pretty much wrap up early.
Galaxy Head of Research Alex Thorn put it bluntly today: meaningful progress on key digital asset legislation is unlikely. Warren is set to take over the Senate Banking Committee, and Maxine Waters is set to return to the House Financial Services Committee—two of crypto’s most hostile faces in two of the most important seats.
But that same week, the White House budget office is reviewing

📅 Nov 7 · Retail is capitulating while whales scoop up 100,000 BTC
🚨 The Fear and Greed Index is at 25: extreme fear. BTC is hovering around 75,500, and another $298 million was liquidated in the past 24 hours, with longs accounting for more than 80%. The bulls are still bleeding.
But Santiment’s data tells a completely different story. Since September 18, whales holding 10 to 10,000 BTC have collectively added a net 99,747 BTC—nearly 100,000. As the price kept falling, they kept buying. Santiment calls it a “bullish divergence”: the price and whale activity are moving in opposite directions

📅 November 7 · 73% of coins are rising, yet total market cap is falling
🚨 There’s a pretty puzzling data point in today’s market. Total market cap fell 2.96% over 24 hours to $2.57 trillion. But look at the number of gainers and losers: of the 248 listed coins, 181 are up, meaning 73% are rising.
The index is down, but most coins are up. Who’s dragging it down?
It’s not BTC or ETH. BTC is down just 0.22%, while ETH is actually up 0.41%. Turnover is pitifully low at 1.86% and 3.73%, respectively—the big names aren’t participating in the sell-off at all. The real declines are concentrated in t

📅 November 7 · 4 hours, $870 million wiped out
🚨 Fear Index at 28. BTC and ETH plunged across the board, and then more than $870 million was liquidated in the derivatives market over four hours.
This wasn’t a slow grind down—it was a concentrated blowup. BTC fell 5.85%, while ETH led losses at 7.45%. Leveraged positions were forcibly liquidated in batches in a short period, and the resulting sell pressure fueled the decline even further.
Looking ahead, if ETH falls below 2,130, another $901 million in long positions is at risk of liquidation. The $870 million is just what’s already been wipe

📅 November 7 · Another ZEC short bites the dust
🚨 A whale deposited 1.15 million USDC into HyperLiquid and opened a 10x leveraged short on ZEC. The position is now worth $5.2 million, with a liquidation price of $1,358. ZEC is still inching higher, and the unrealized loss has already reached $218,700.
Another address had it even worse that same day. After 14 consecutive wins, it took a loss on its 15th trade—a ZEC short. ZEC climbed close to its $689.4 liquidation price, and the trader couldn’t hold on. They closed the position at $685 with a stop loss, leaving just $220,000 of their origina

📅 Nov 6 · Someone who got 1 million ETH in 2015 is buying today
🚨 On-chain analyst Ai Yi just spotted an ancient address from Ethereum’s 2015 ICO buying 2,221 ETH on-chain over the past 8 hours at an average price of $2,248, spending $4.99 million.
The address received 1 million ETH in the ICO back then and still holds 122,000 ETH, worth $272 million. We all know what the market looks like today: BTC just plunged to $75,000, ETH dipped to $2,224, more than $1 billion in liquidations hit the market, and 90% of longs were wiped out.
Then someone who held ETH before Ethereum even launched bough

📅 November 6 · The third time, and it’s still “custody rebalancing”
🚨 Trump Media made another move. 4,259 BTC, worth $342 million, sent straight into
The official explanation is the same as always: custody rebalancing, not a sale. But looking back, this is already the third similar move this year.
BTC just fell below $76,000 today. More than $1 billion in leveraged positions were liquidated in 24 hours, and the fear index surged to its highest level since March. The market is bleeding, and Trump’s media company is moving nine figures’ worth of bitcoin to an exchange, for the third time.
Onc