
Lei06
Lei06
Crypto Market Participants & Web3 Content Creators. Study on-chain data, track hot narratives, and make transactions that you can understand. I believe that good content requires patience just like good positions.
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【"Maji" Persistently Adds to Ethereum Long Position to $7.64 Million, Liquidation Price at $1,957.86】
On May 29, according to HyperInsight monitoring, "Big Brother Maji" Huang Licheng added to his position again. He was liquidated just 12 hours ago, with a total loss of $78.38 million since September 2025. Current holdings are as follows: Ethereum 25x long position valued at $7.64 million, entry price $1,991.52, liquidation price $1,957.86; Bitcoin 40x long position valued at $880,000, entry price $73,337.8, liquidation price $57,183.3. $BTC $ETH
[Grayscale Submits Revised Hyperliquid ETF Filing, Plans to Introduce Approximately 2 Million HYPE as Seed Capital]
Bloomberg ETF analyst James Seyffart posted on X that Grayscale has submitted the fourth revised filing for the Hyperliquid ETF, moving closer to the official launch, with fee information still undisclosed. The latest revision shows that Hyper Holdings Global LP plans to provide about 2 million HYPE as seed capital investment, valued at approximately $113 million at current prices. $HYPE
【HYPE Whale Loracle's $50.8 Million Spot Unlock Completed, Market Widely Expects a Sell-Off】
On May 29, according to Hyperinsight monitoring, the largest HYPE short seller "Trader Loracle" has unlocked 893,000 HYPE spot tokens from staking, valued at approximately $50.8 million. Currently, Loracle has not taken any further action.
In the previous month, this whale had unlocked a total of 1.115 million HYPE tokens (worth about $63.51 million) in two separate unlocks. On May 21 (the day HYPE first broke its all-time high), on-chain records clearly show that Loracle sold 557,000 HYPE tokens, valued at around $33.35 million.
The market widely expects that Loracle will sell the newly unlocked 893,000 spot HYPE tokens, which will add selling pressure on HYPE. Additionally, this sell-off may be accompanied by a reduction in short positions, because if the spot tokens are sold without simultaneously stopping losses on the shorts, the $104 million HYPE short exposure will become a naked short position. If squeezed and liquidated, potential losses could exceed tens of millions of dollars, enough to wipe out all spot profits.
Currently, Loracle's main contract holdings are: HYPE short position ($104 million) with a liquidation price of $90; BTC short position ($34.32 million) with a liquidation price of $208,000. Hypurrfun founder Loracle's real name is Laurent Zeimes.
Previously active in the Hyperliquid ecosystem, he is regarded as one of the early contributors. Addresses are as follows: Contract address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae On-chain staking address: 0xE44bd27c9F10fa2F89fdb3ab4B4F0E460da29EA8 - HyperInsight Bot is now online.
$HYPE
[Analysis: BTC breaks below the options GEX dense zone but implied volatility does not rise, no obvious market panic observed]
According to macro researcher Adam from Greeks.live on the X platform, Bitcoin has broken below the options Gamma Exposure (GEX) dense area, with subsequent resistance from long positions gradually weakening; Ethereum (ETH) has similarly broken below the GEX concentration zone near $2000, weakening short-term structural support.
Although BTC price has entered a relatively sensitive area, implied volatility (IV) has not risen significantly, with full-term IV still below 40%, and long-dated IV continuing to decline. The three consecutive days of decline have not effectively pushed up near-term IV, indicating no obvious panic pricing in the market. Currently, the implied probability for options expiring in May is about 20%, and tomorrow's monthly settlement may significantly reshape the current options position structure.
Overall, the market is still focusing on the effectiveness of key support levels, and large holders' hedging demand against further breakdown risks has not noticeably increased. $BTC $ETH
[Walrus: Unable to process write operations due to Sui mainnet network stall, direct read function via aggregator is working normally]
On May 28, it was reported that the SuiNetwork mainnet is currently experiencing a network stall. The Sui core team is working on a fix, and on-chain transactions may be paused. WalrusProtocol, a data protocol based on Sui, stated that its Walrus Mainnet is currently unable to process write operations due to the SuiNetwork failure, but the direct read function via the aggregator is operating normally. $SUI
【$805 million in total contract liquidations across the entire network in the past 24 hours, mainly long positions】
As of May 28, CoinAnk data shows that in the past 24 hours, the cryptocurrency market experienced $805 million in total contract liquidations, with $740 million in long position liquidations and $65.0922 million in short position liquidations. The total liquidation amount for BTC is $313 million, and for ETH it is $188 million. $BTC $ETH
[Analysis: Potential US-Iran Ceasefire Agreement Boosts Risk Assets, but BTC Continues Weak Decoupling Trend]
Despite reports that US-Iran negotiations have reached a draft memorandum for a 60-day ceasefire and nuclear program discussions, the cryptocurrency market remains under pressure. Bitcoin fell below $73,000, dropping about 2.7% within 24 hours. US stocks and bond markets were boosted, with the Nasdaq rising 0.6%, while WTI crude oil prices fell below $90 per barrel.
On the macro level, the first inflation report under new Fed Chair Warsh showed that the US core Personal Consumption Expenditures (PCE) index rose to 3.8% year-over-year in April, the highest in nearly three years, up from 2.8% in February. Fitch Ratings' US economics head Olu Sonola stated that inflationary pressures may persist in the coming months, and the Fed cannot ignore this supply shock potentially driving inflation.
Market analysis points out that in the short term, macroeconomic positives clearly boost stocks and oil prices, but the crypto market lacks similar direct stimulus. Bitcoin and other digital assets still face selling pressure. $BTC
[U.S. Treasury Secretary Janet Warns Oman Not to Participate in Strait of Hormuz Toll Mechanism]
U.S. Treasury Secretary Janet warned Oman on Thursday not to participate in the toll mechanism that Iran has threatened to implement in the Strait of Hormuz. Janet wrote: "The U.S. government will not tolerate any attempt to forcibly impose a toll mechanism in the Strait of Hormuz. Oman, in particular, should understand that the U.S. Treasury will strictly sanction any entity or individual—directly or indirectly—assisting with the toll matter in the strait; any partner willing to act as an accomplice will be punished." Additionally, the Treasury Secretary called on all countries to resist Iran's moves aimed at disrupting the passage through this critical shipping route.
He concluded: "The days when Tehran intimidated the region and the world are gone forever."
[Today, the US Bitcoin ETF net outflow is 9,012 BTC, and the Ethereum ETF net outflow is 40,247 ETH]
According to Lookonchain monitoring, today the US Bitcoin ETF had a net outflow of 9,012 BTC, the Ethereum ETF had a net outflow of 40,247 ETH, and the Solana ETF had a net inflow of 2,401 SOL. $BTC $ETH $SOL