Ether, XRP Trades Book Bigger Losses Than Bitcoin as Bulls See $680M Liquidations

According to BlockBeats, on July 25th, on chain data analyst Murphy stated that the current selling pressure in the Bitcoin market mainly comes from Coinbase. Around 10am this morning, 4950 BTC were transferred to Coinbase, and after this transfer, BTC fell to around $115000; However, one hour ago, 3169 BTC were transferred to Coinbase again. Analyst Murphy stated that currently, on chain data is only updated up to this point, and if there are no new large transfers in the future, it is expected to drop to around $115000; If the transfer of BTC to Coinbase on the chain continues, it is estimated that there is still room for decline.

According to a report by Golden Finance, based on the monitoring of on chain analyst Ai Yi (@ ai_9684xtpa), Giant Whale has "set 10 major targets first" and closed its previous BTC and ETH short positions, choosing a new position to open again. Original position: BTC opening price of $119425, with a floating profit of $8.5 million in the afternoon, and later speculated to have closed positions and taken profits; The opening price of ETH is $3528.85, and it is speculated that a stop loss has been applied. Current position: Continue to short BTC with 6 times leverage, holding 1179.92 BTC at an opening price of $116065.2, with a position value of approximately $135 million. Continue to short ETH with 5-fold leverage, holding 5606 ETH at an opening price of $3698, with a position value of approximately $21 million.

Joseph Chalom spearheaded BlackRock's foray into blockchain and digital assets, including the introduction of a spot ETH ETF.

According to Aggr News, the US Department of Justice is weighing whether to prosecute Dragonfly employees for the Tornado Cash incident.

OKX-ETH/USDT is currently trading at $3650.27, with a 5-minute increase of 0.15%. Please be aware of market fluctuations.