[Matrixport: Bitcoin at a Critical Turning Point, Market Uncertainty Increases Due to Multiple Interwoven Factors] Matrixport's daily chart analysis highlights that Bitcoin is currently in a rare phase where positions, market sentiment, and macro policy factors are colliding simultaneously. Although implied volatility has significantly declined and demand for crash protection has weakened, Bitcoin's price remains below a historically challenging key level. At the same time, an important on-chain cost basis indicator is being tested, which has often served as the dividing line between 'panic' and 'deep value' in the past. The Federal Reserve's tone shift has triggered a surge in rate cut expectations, but historical data shows that this phase often leads traders to misjudge market trends. Seasonal patterns and trend structures point in different directions, both supported by data.

[On-chain data shows BTC facing resistance in multiple ranges, with significant accumulation in the $84,000-$85,000 range] On-chain data analyst Murphy stated that the CBD (Cost Basis Distribution) heatmap indicates that the most densely concentrated resistance ranges for BTC are $94,000-$98,000 and $101,000-$118,000. Among these, $98,000 is the historical fair price, and $104,000 is the average cost for short-term holders. Recently, approximately 950,000 BTC have been accumulated in the $84,000-$85,000 range. After deducting around 550,000 BTC resulting from Coinbase's wallet reorganization on the 22nd, the remaining 400,000 BTC represent actual turnover, closely related to the recent accumulation behavior of whales during the downturn.

[A Trader Opens $84.19 Million BTC Long Position on Hyperliquid] Monitoring data shows that a trader with profits exceeding $10 million has opened a $84.19 million BTC three-times leveraged long position on the Hyperliquid platform.

Monitoring shows that the giant whale at address 0x519c721De735f7c9E6146d167852E60d60496a47 purchased 4322 ETH worth $13 million from Binance and deposited $4.65 million USDC into Binance, which may be used to continue purchasing ETH. Meanwhile, the address earned $3.5 million in multiple transactions on the HyperLiquid platform. （Onchain Lens）

[Binance Alpha Airdrop Claim Opens Today at 16:00, Points Threshold: 252 Points] Binance Alpha announced that the airdrop claim activity will open today at 16:00 (UTC+8). Users holding at least 252 Binance Alpha points can participate. The airdrop will follow a first-come, first-served rule until the airdrop pool is fully distributed or the activity expires. Specific airdrop token information and more details will be announced later. Users can stay updated through Binance's official channels.