ETH falls below the $4700 mark

[Whale Closes XPL Long Positions and Shorts WLFI, Still Holds Significant ETH and SOL Long Positions] According to MLM data, a whale deposited $12 million into a newly created wallet on Hyperliquid and is closing $3 million worth of XPL long positions using the TWAP method while shorting $1.5 million of WLFI. This has caused the XPL funding rate to drop to -0.0040% (annualized -35%). The wallet still holds $40 million worth of ETH long positions and $11 million worth of SOL long positions.

OKX-ARB is currently priced at $0.5922, with a 19.35% increase over 24 hours. 24-hour transaction volume of 1.9 billion US dollars, an increase of 182.34%, for reference only

In the past 12 hours, large transactions showed a net outflow of $5.3 million from the main force, with a total selling amount of $22.26 million, significantly higher than the $16.95 million bought, indicating a short selling trend. Especially on August 23rd at 06:13 and 10:26, two large market price sell orders exceeding $2 million further suppressed prices. Based on the current K-line pattern, the decrease in the Black Three Soldiers and MACD bar chart jointly confirms the strengthening of downward momentum, and may continue to be under pressure in the short term. Although the price is above the EMA24/52 moving average, the main funds continue to flow out, the rebound is weak, and we are alert to the risk of further pullback. Open membership, track key trends, and capture price fluctuations in advance! The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.

According to the popularity ranking, OKB ranks first in popularity, while BIO has the largest increase. The popularity ranking is as follows: ① OKB （$207.93，-1.81%） ② ETH （$4719.10，9.33%） ③ BIO （$0.2315，21.84%） ④ BNB （$889.56，4.50%） ⑤ LINK （$25.70，3.30%） The buying power of BIO's main funds is average, with a net inflow of $15.8444 million within 24 hours and a transaction volume of $3.287 billion within 24 hours, of which the net inflow of the main funds is $4.1933 million.

[ECB Governing Council Member Rehn States No Need for 'Preventive Rate Cuts'] Golden Finance reports that ECB Governing Council Member Rehn stated that since the inflation rate has reached 2%, there is no need for 'preventive rate cuts.' (Jin10)