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ChainCatcher News, according to monitoring by HyperInsight, at 1 a.m. today, the whale (0xb9f) who was "once firmly long on ETH" turned back to ETH long positions, holding $43.74 million with an average price of $3,432, and an unrealized loss of $660,000 (about 40%). The ETH short position opened by this whale last night has been fully closed, with a realized loss of $1.38 million. According to previous reports, this address had previously held an ETH long position for over 34 days, which ended in a loss of $2.04 million in the early hours of yesterday. At its peak, the position had an unrealized profit of over $6 million (about 300%), and was once ranked second in ETH contract long positions on Hyperliquid. The whale then quickly switched sides and opened an ETH short position.

On November 6, it was reported that during the first day of the "American Business Forum" held in Miami, Florida (at 1:00 p.m. local time on November 5), Trump called for the United States to embrace crypto assets (virtual currencies) and demonstrated his ambition to pursue leadership in this field. Trump stated, "We are gathered here in Miami today to embrace a crucial industry. I signed a historic executive order that ended the federal government's war on crypto assets. The crypto industry was once surrounded, but that's no longer the case. Because this is a huge industry, a massive industry. I have many outstanding people around me, excellent entrepreneurs, who are not only engaged in other businesses but are also actively involved in the field of crypto assets." In addition, he said, "Crypto assets can greatly ease the burden on the dollar and bring many positive effects, and we are focused on promoting this. We want to make the United States a bitcoin (BTC) superpower and the global center for crypto assets."