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Bitcoin is at the pivotal 50-day SMA support, and a drop below this level could result in accelerated selling of BTC and altcoins.
One analyst pointed out the $27,000 level could be a short-term target for bitcoin amid the lack of positive news.
The balance kept in addresses that hold coins for at least 155 days has increased by $1.87 billion this month.
XRP price is down today, like other top crypto assets, as traders anticipate a Federal Reserve rate hike this week.
One token zoomed 1,200% even though its related project closed in May, data shows.
Bitcoin whales account for the most exchange inflows volumewise since June 2022 as short-term holders become increasingly active.
The highly anticipated project co-founded by OpenAI's Sam Altman launched its token on Monday.
The spot market is in the driver's seat as perpetual futures open interest to market cap ratio remains low, one observer said.
Launch of the token comes alongside protocol launch and prior release of the wallet.
Bitcoin begins to fulfill traders’ downside targets as BTC price action retraces its steps in a crucial macro week.
- 00:36$445 Million in Liquidations Across the Network in the Past 12 Hours, Mainly Short PositionsAccording to Jinse Finance, data shows that in the past 12 hours, total liquidations across the network reached $445 million, with long positions accounting for $44.0563 million and short positions for $401 million, mainly driven by short liquidations. Of this, ETH liquidations amounted to $129 million and BTC liquidations to $223 million.
- 00:32Thumzup Expands Crypto Financial Strategy with Investment from Donald Trump Jr.According to ChainCatcher, as reported by The Block, Nasdaq-listed Thumzup Media Corporation has announced an expansion of its corporate financial strategy from Bitcoin to include a range of digital assets such as Ethereum (ETH), Solana (SOL), XRP, Dogecoin (DOGE), Litecoin (LTC), and the stablecoin USDC issued by Circle. The company also revealed that Donald Trump Jr., son of the U.S. President, holds 350,000 shares in the company, valued at approximately $4 million based on the current market price. Previously, Thumzup’s board of directors had approved allocating up to 90% of its liquid assets to cryptocurrencies, and as of July 8, the company held 19,106 BTC. (Source link) Associated Tags Thumzup Donald Trump Jr. Thumzup Media Corporation ChainCatcher reminds readers to approach blockchain rationally, enhance risk awareness, and be cautious of all types of virtual token issuance and speculation. All content on this site is for market information or related party opinions only and does not constitute any form of investment advice. If you find any sensitive information on the site, you can click "Report" and we will handle it promptly.
- 00:32Three Consecutive Wins for ETH: Major Whale Forced to Close Short PositionsOdaily Planet Daily News: According to monitoring by Ember (@EmberCN), a whale who had profited from the previous three ETH trades chose to stop loss and close their position after ETH's price surpassed their short entry cost. The 50,000 ETH position ultimately resulted in a loss of $710,000, ending the whale's perfect winning streak on ETH.This whale opened a short position of 50,000 ETH on June 11. When ETH dropped to $2,200 on June 23, the position once showed an unrealized profit of $22.83 million. Today, as ETH rose above the short entry cost of $2,725, the address fully closed the short at $2,740.Despite the loss on this trade, the whale has still accumulated a total profit of $4.88 million from historical ETH trades.