traders

According to OnchainLens monitoring, a trader closed a long position of 3,000 ETH, making a profit of approximately $939,500, and still holds long positions in BTC and ETH.

A South Korean trader @solyfw34 accused the cryptocurrency trading platform LBank of restricting account withdrawals and trading after he profited from contract trading, resulting in some positions being unable to be manually closed and ultimately being forcibly liquidated. Currently, approximately 1 million USDT remains inaccessible. The user stated that LBank did not provide specific evidence of abnormal trading.On November 10, LBank responded that it would not restrict accounts solely due to user profits, and that the relevant accounts were suspected of violating internal rules. The user's invested principal has been fully withdrawn, and the restricted funds have been identified as related to abnormal trading. LBank has hired a South Korean law firm and stated that it will take legal action against false and defamatory statements. On-chain investigator ZachXBT criticized LBank as an offshore low-quality centralized exchange and questioned several KOLs for using highly similar rhetoric to defend the platform.

A Hyperliquid trader closed short positions of approximately 120 million dollars in BTC and ETH, with a total profit of about 2.75 million dollars.

On-chain analyst Nooman posted on platform X, indicating that the trend of meme coin trading platforms transitioning to perpetual contract business is accelerating. On Thursday, the number of daily active traders for FOMO and Pump.fun's perpetual contracts saw significant growth.Among them, FOMO's perpetual contract daily active traders approached 4,000, with a single-day trading volume reaching 334 million USD; Pump.fun's perpetual contract daily active traders approached 1,200, setting a historical high, with a single-day trading volume reaching 25.3 million USD.

In response to the sharp decline in U.S. stocks yesterday, most traders and analysts on Wall Street believe that the main reason is not a deterioration in fundamentals, but rather the liquidation by hedge funds. Noel Smith, Co-Chief Investment Officer of Kai Asset Management, stated: "It is extremely rare to see such a decline without significant market news. It smells like liquidation."In addition to the report last night by Bloomberg that multi-strategy hedge fund Walleye Capital will streamline its internal long-short equity business, the market generally expects several funds to be undergoing complete liquidation, or that the pods (independent investment teams) within multi-strategy funds are being forced to close positions or liquidate.According to a list released this morning by the well-known financial research community Special Situations, several hedge funds are facing difficulties, including Axebrook, Walleye, Engineers Gate, Lone Pine, Millennium internal pod, Verition pod, and Samlyn, mainly involving large redemptions, shutting down internal teams, or changing PMs.It is worth mentioning that during the major turbulence in the U.S. stock market in July this year, the AI hedge fund Situational Awareness also encountered a similar incident, with fund assets shrinking by 67%, and subsequently reached an emergency exit deal with Citadel, selling most of its publicly traded stock holdings at a discount.

Last night and this morning, U.S. stocks fell sharply. Wall Street traders mentioned that algorithmic and programmatic selling exacerbated market volatility during this decline. A Goldman Sachs stock trader stated that the pain level of today's market is extremely high. Goldman Sachs trader John Flood pointed out that institutional buying has once again hit a stalemate, and the massive cloud computing positions bought by hedge funds during yesterday's rebound are being rapidly sold off, with no buyers stepping in to take over yet.Several senior traders described the liquidity state at the opening of U.S. stocks as having strong characteristics of liquidation, noting that algorithmic and CTA fund programmatic selling intensified the initial straight drop without buyers. According to Vanda Research, the scale of retail selling in the first 30 minutes of trading on Thursday set a record for the largest single 30-minute sell-off in recent months, approaching the peak during the retail panic exit at the end of July 2024.

A trader has been liquidated multiple times in the past 7 days, involving positions exceeding 52.5 million dollars, and currently still holds about 5.54 million dollars in BTC short positions.

According to Bloomberg, Goldman Sachs has restricted most employees from using advanced AI tools aimed at programming after evaluating production efficiency and risk management, leading to dissatisfaction among some employees. Internal guidelines were updated in October, and bankers had previously been able to use Anthropic's Claude Code and Microsoft's GitHub for several months, but the scope of these tools has now been narrowed to engineers.Sources say that some traders had used these tools to accelerate monitoring of client trading flows, modeling market changes and positions, as well as creating text and graphic content, and this restriction has left them feeling dissatisfied. Goldman Sachs' Chief Information Officer Marco Argenti stated in July that non-technical personnel such as traders and bankers had developed solutions using AI tools, which were then handed over to the company's approximately 12,000 engineers for improvement.Goldman Sachs spokesperson Nick Carcaterra stated that the company provides employees with certain AI tools to determine applicable scenarios in different businesses; after evaluating factors such as production efficiency and risk management during the trial period, the tools will be given to the most suitable personnel for long-term use. Additionally, sources indicated that the latest directive does not apply to strats who are simultaneously engaged in trading, quantitative research, and software engineering. Earlier this year, Goldman Sachs also restricted employees in Hong Kong from using Anthropic's Claude.

According to Onchain Lens monitoring, the Binance hacker has begun selling STRK, increasing market selling pressure.The total unrealized profit of two Hyperliquid traders' STRK short positions is 4.46 million dollars, with one having an unrealized profit of 1.61 million dollars and the other having an unrealized profit of 2.85 million dollars.

Coinbase stated on platform X that it predicts the annualized revenue for Q3 will exceed 200 million dollars, with the number of daily traders increasing by over 60% month-over-month.Coinbase's market share of cryptocurrency trading volume has increased for the fourth consecutive quarter, nearly doubling compared to the same period last year; the average holding of USDC in its products has reached a record high for the 14th consecutive quarter, and the subscription volume for CB1 has reached a record high for the 5th consecutive quarter.

On the decentralized options platform Derive, a wallet purchased 800 Bitcoin call options with a strike price of $90,000 expiring on November 6, on October 20, with a nominal value of approximately $68 million, and netted about $940,000 by selling call options expiring in March and October 2027.Derive stated that this is the platform's largest open position in Bitcoin; the market's implied probability of Bitcoin breaking $100,000 before Christmas rose from 9.7% to 12%, indicating that some traders are betting on a rise in Bitcoin after the U.S. midterm elections.

CryptoQuant certified analyst Trader_Gemini stated that the Trader On-chain Realized Price has risen again, currently becoming an important reference indicator for observing the subsequent trend of BTC. This indicator reflects the average acquisition price of BTC that last transferred in the past 1 to 3 months and can be used to measure the average holding cost of recent market participants. Currently, the trading price of BTC is in the low range of $80,000, while the realized price for traders has risen to the mid-range of $70,000, indicating that the current price of BTC is still above the recent average cost for traders.From the current structure, recent market participants are generally still in a state of unrealized profit, and the short to medium-term cost structure remains relatively positive. Historically, when the market is in an upward phase, the realized price for traders often provides support when BTC retraces close to that level. If the price can hold above this cost line, it indicates that the holding cost for recent participants may still provide support for the market; conversely, if BTC falls below this level, some traders in an unrealized loss state may sell when the price rebounds close to their cost, turning that position from support to resistance.In addition, Trader_Gemini also reminded to pay attention to the Upper Band of the indicator. Historically, when BTC prices approach the upper band, it is often accompanied by increased profit-taking pressure, which may lead to a short-term pullback. Therefore, if BTC continues to rise, the market reaction near the upper band is worth close observation; if BTC experiences a pullback, attention should be paid to whether the realized price for traders can provide effective support. Trader_Gemini emphasized that the upper band does not necessarily mean the market will peak, and the realized price for traders does not guarantee that BTC will rebound; neither should be viewed as automatic triggers for trading but rather as reference indicators for judging at what price recent market participants may change their behavior. Currently, BTC is still operating above the realized price for traders, and the overall cost structure remains positive; if a deeper adjustment occurs later, whether this indicator can continue to provide support will become an important observation point.

Zhao Changpeng posted on platform X, stating that many new foldable iPhones may be 'unhinged' by some traders in the crypto trenches, a remark that carries a teasing tone.In the crypto community, some traders engage in frequent operations during on-chain trading, even to the extent of using their phones to the point of 'losing control'.

According to Lookonchain monitoring, a trader who previously made a profit of 3.3 million dollars through NEAR trading went long on 26,974 ETH after the market decline, with a position value of approximately 63.88 million dollars, currently having an unrealized profit of about 842,000 dollars.

According to Cointelegraph, Trump is expected to appoint former SEC Chairman Jay Clayton as the AI Czar.At the same time, veteran trader Peter Brandt predicts that if Bitcoin holds key low points, this cycle's peak could reach $600,000.

Market traders cut bets on the Federal Reserve's interest rate hike in October.

After the release of U.S. economic data, U.S. short-term interest rate futures rose as traders increased their bets on a Federal Reserve interest rate hike.