According to Arkham monitoring, Abraxas Capital has shorted over $430 million in cryptocurrency assets on the chain, and its short account has lost $40 million in the past 10 days.
Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/5658778060 Course 1: Sharing Technology to Achieve 10 Times Revenue Course 2: Ethereum+Small Currency/Short term Opportunity Capture Course 3: Exchange of Student Positions and Trading Issues ETH technical trend view: The market on Wednesday was negatively affected by the unexpectedly negative US dollar index due to the June ADP employment report in the United States; The previous value was 2.9, the predicted value was 9.5, and the actual published value was -3.3, driving the strong bullish trend of Ethereum from the intraday low of 2367 to 2618 and closing at 2569 with a 6.89% increase of $165.72. This is basically in line with our expected target level of 2600 in yesterday's article. We need to continue to pay attention to the non farm employment data report tonight; From the perspective of technical trends, yesterday closed with a strong bullish candlestick; Perhaps the second segment market at the daily level has already started the next target of testing an upward trend of 2800-2900; 4-hour technical trend during the golden cross phase of the three moving averages; At the same time, a relatively obvious upward trend line has formed; The resistance level of 2500 has been strongly broken through; The operation is mainly based on the above bullish criteria; You can search for and adjust the long signal that appears within a 1-hour cycle, and choose to enter the market with multiple orders; Defend below 2480 and aim for 2680-2700. Tip: Long term bullish signals are mainly low and bullish. Welcome to share your suggestions! Short term trading opportunities within the day? Looking for specific locations? We will also share in the live broadcast room how to find opportunities for both long and short positions to enter; Welcome to the Tencent Meeting live broadcast room to discuss and exchange with teachers for more details on currency operations and trading issues! Recommended Idea [Multi Head] Today's focus is on support resistance/ETH resistance 2620-2680/support 2520-2500 For more details, welcome to the live broadcast room for discussion, learning, and exchange! Five live broadcasts per day start time: from 3:30 pm to 2:30 pm without interruption/from 8:00 am to 3:30 pm for the previous day's recorded playback Tencent Meeting ID: 565-877-8060 QQ group number: 1011485129 Aicoin group: https://aicoin.com/link/chat?cid=2ARLLeaoM Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
BlockBeats news, on July 3rd, according to Coindesk, JPMorgan Chase (JPM) strategist stated in a research report released on Thursday that the stablecoin market is expected to grow to $500 billion by 2028. Compared to some aggressive predictions (expecting a market value of $1 trillion to $2 trillion during the same period), this expectation appears more conservative. JPMorgan Chase has put forward a more cautious view on the growth path of the industry, pointing out that the main driving force behind the current use of stablecoins is still the "native demand for cryptocurrency" rather than the wider adoption of payment scenarios.
Odaily Planet Daily News: Dutch international analyst Turner said in a report that the upcoming US non farm payroll report will play an important role in determining whether the recent downward trend of the US dollar will continue. Federal Reserve Chairman Powell believes that stubborn inflation and a stable labor market mean that current interest rates should remain at restrictive levels. Any unexpected downturn in the employment report will weaken his position and push the market to price the expected rate cut at the July meeting. He said that unless the employment data is weaker than expected, the US dollar may continue to consolidate before the US holiday on July 4th. (Golden Ten)
According to The Block, Franklin Templeton's digital asset analyst has released a report warning that the future of corporate crypto finance strategies is full of uncertainty and depends on several key factors. Although this model can create upward space through premium financing, asset appreciation, and pledge income, a negative feedback loop may trigger a "particularly dangerous" spiral decline. The report points out that currently, 135 listed companies have adopted the Bitcoin financial strategy, raising funds through tools such as equity and convertible bonds to hold encrypted assets. This model relies on the volatility of encrypted assets to enhance the option value of financial instruments such as convertible bonds, and can form a positive cycle when prices rise. But analysts warn that if the price to book ratio falls below 1, equity financing will turn into a dilution effect, forcing companies to sell assets to protect the market, thereby exacerbating the vicious cycle of currency price decline and investor confidence collapse. The report emphasizes that maintaining the price to book ratio premium, continuous appreciation trading, and the ability to cope with market fluctuations will be the key to the long-term survival of such enterprises. Analysts believe that although the current risks are more complex than those of Terra or Three Arrows Capital, a major pullback or long-term bear market could still trigger a catastrophic chain reaction.
Your day-ahead look for July 3, 2025
