SOL breaks through the $120 mark

The current ETH price is below the EMA24 and EMA52 moving averages, with a 2-hour candlestick forming a cross, indicating strong market hesitation. According to the distribution of exclusive chips for members, support and resistance are dense around 1600, and the distance from the current price is only 0.05% -0.33%. The long short game is about to erupt. Combined with the enhanced downward momentum of MACD, this region may be tested in the short term. The trading volume has shrunk to the last 25% in recent times, with a sharp drop in activity, exacerbating the dependence of prices on chip intensive areas. Open a membership, accurately grasp the trend of chips, and lock in the inventory in advance! The data is sourced from the PRO member's [ETH/USDT Binance 2-hour] K-line, for reference only, and does not constitute any investment advice.

Foresight News reported that according to Lookonchain monitoring, the giant whale, which had previously lost about $700000 on Fartcoin, spent another 14725 SOLs (about $1.98 million) at a price of $0.89 each to purchase 2.22 million Fartcoin, with a current floating loss of about $297000.

According to AiCoin monitoring, the net inflow of US spot BTC ETF reached $107 million yesterday, the highest daily net inflow since April 9th. Among them, IBIT had the largest inflow of funds, reaching $81 million; Next is FBTC, with an inflow amount of 25.9 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only

Odaily Planet Daily News: Synthetix founder Kain has changed the username of his personal X account to kain.depeg (unanchored). In addition, Kain responded to the community's inquiry about the issue of sUSD detachment by saying, "No one wants to see detachment happen, and multiple solutions are currently being studied Previously, it was reported that sUSD has been continuously unanchored. According to Parsec analysis, the recent unanchoring of Synthetix stablecoin sUSD is not due to non-performing debt or protocol failures, but rather a side effect brought about by the adjustment of the SIP-420 mechanism. SIP-420 introduces a shared debt pool mechanism, where SNX stakers no longer separately mint sUSD and assume personal debt, but instead entrust funds to a public pool, thus achieving a structure without liquidation and personal debt. But when the price of sUSD deviates from the anchor value, the pledger no longer has the incentive to repurchase sUSD at a low price to repay the debt, and the original self-regulation mechanism of the agreement becomes ineffective.

OKX-OKB/USDT is currently trading at $50.12, with a 24-hour decline of 2.76%. Please be aware of market fluctuations.