Bitcoin price crumbles to $62K support, but derivatives metrics show bullish signs

[U.S. Lawmakers Propose Including Russia Sanctions Bill in Government Funding Legislation] According to a report by Jinse Finance citing foreign media, two U.S. lawmakers advocating for strict sanctions against Russia stated on Saturday that they would urge their colleagues this week to bundle a stringent sanctions bill targeting Russia with must-pass legislation to ensure the federal government’s operations. Republican Senator Lindsey Graham and Representative Brian Fitzpatrick have been pushing for months for legislation that would impose sanctions on Russia if it refuses to negotiate a peace agreement with Ukraine. This includes secondary sanctions on countries purchasing Russian oil. However, due to former President Trump’s cautious stance on sanctioning Russia and his preference for imposing tariffs on goods from India, congressional leaders in both the Senate and the House have yet to bring the bill to a vote. The must-pass government funding legislation, known as the "Continuing Resolution" (CR), provides a pathway for the proposal to advance.

[Whale Uses 5x Leverage to Long PUMP with $7.8M Unrealized Profit] According to OnchainLens data, a certain whale holds a long position on PUMP with 5x leverage, currently showing an unrealized profit of $7.8 million. Additionally, the trader also holds long positions in BTC, FARTCOIN, SOL, PEPE, and others, with total profits exceeding $36 million.

[Whale Withdraws 33,000 SOL from Binance and Sells] According to Onchain Lens monitoring, a whale withdrew approximately 33,000 SOL (around $8 million) from Binance and deposited it into HyperLiquid before starting to exchange it for USDC. Additionally, the whale holds about 70 BTC (around $8 million). The address is EdJ6wqZTQNRLBrKW3jgSyZ24knKAmYMxT36J5f3jzpDW.

DOGE's current price is $0.2829, with a 1.51% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 12.03 million US dollars, with multiple orders being the main liquidation and DOGE liquidation of 2.28 million US dollars (18.94%). The data is for reference only.

1. The Chairman of the US Securities and Exchange Commission promises to establish clear rules for digital assets 2. Shibarium's cross chain bridge suffered a lightning loan attack, resulting in a loss of $2.4 million 3. The Winklevoss brothers predict that the long-term price of Bitcoin will reach millions of dollars 4. Brazilian fintech company launches strategy to increase holdings of Bitcoin reserves 5. Director of the Central Bank Research Institute calls for upgrading the digital RMB measurement framework 6. DefiLama founder questions authenticity of $12 billion on chain data in Figure 7. Empire Digital, a listed company, has become the 21st largest Bitcoin holding company The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/486288