Data: Over the past 24 hours, the entire network has liquidated $102 million, with long positions liquidated at $27.504 million and short positions at $74.1143 million.

Machi Big Brother Fully Liquidated as Losses Near $29 Million

Prominent crypto trader Machi Big Brother has suffered another major wipeout. On February 24, onchain tracker Lookonchain reported that the whale was fully liquidated on the Hyperliquid perpetuals platform. His account balance reportedly dropped to about $24.9K. While cumulative realized losses

Is the Bitcoin price discovery power shifting to CME? Institutional funds reshaping BTC pricing logic and global macro linkage

February 24 News, the Bitcoin price discovery mechanism is undergoing structural changes, with trading focus gradually shifting towards regulated derivative markets such as the Chicago Mercantile Exchange (CME Group). As institutional participation continues to rise, Bitcoin prices are no longer solely driven by on-chain transactions and retail sentiment, but are increasingly influenced by open interest in futures contracts, institutional hedging needs, and macro risk appetite. Currently, Bitcoin is fluctuating around $63,000, indicating that the market remains in an institutional-led range-bound phase. Industry expert Karl Naim pointed out that traditional hedge funds and asset management firms prefer to allocate Bitcoin exposure through familiar compliant derivative instruments rather than relying on offshore markets with higher counterparty risk. The advancement of 24/7 derivative trading mechanisms is weakening the historical advantage of the crypto-native market’s “7×24 hours liquidity,” enabling institutions to continuously hedge risks and adjust positions, thereby compressing arbitrage opportunities between futures and perpetual contracts.

Terra Classic Price Compresses Below Cloud Amid Cooling Leverage

Terra Classic (LUNC) trades near a critical Fibonacci level, indicating cautious sentiment among traders. Open interest has declined, suggesting reduced leverage, while spot flows reflect selective accumulation amidst tightening volatility. Immediate resistance and support levels are identified for future price movements.

Big Brother Ma Ji liquidated at $27 million, and the new Spring Festival movie investment for "Kung Fu" also resulted in losses

Blockchain monitoring organization Onchain Lens data shows that well-known investor Machi Big Brother (Huang Licheng, Machi Big Brother) was fully liquidated from Bitcoin and Ethereum long positions during the market turbulence on February 23 when Bitcoin fell below the $65,000 mark, resulting in a total loss exceeding $27 million. The New Year film he invested in, "Kung Fu," also ended up losing money.

10x Research: Bitcoin will determine whether the $60,000 level will hold as support or break in the coming days

10x Research points out that Bitcoin options expiration, political uncertainty, and position concentration will influence the price movement around the $60,000 level in the coming days. The market has not accounted for tail event risks; attention should be paid to capital flows and incentive structures to prepare for potential sharp price fluctuations. The report reminds to stay patient and realistic, and to assess whether $60,000 is a reasonable scenario.