Data from the past 12 hours shows that the main force sold large orders with a turnover of $147 million, far exceeding the $88.9 million for buying large orders, with a net outflow of $57.95 million, indicating a clear willingness to short. Especially after the two large orders of $2.28 million and $2.195 million hit the market, BTC continues to be under pressure. Currently, the price has fallen below the EMA24 and EMA52 moving averages, and the medium to long term trend has weakened. The current 2-hour cycle K-line forms a flat top shape, coupled with the KDJ dead cross signal, further verifying the pressure of the main force's short selling. The area around $108600 below may face a new round of challenges. Activate member unlocking for real-time monitoring of major orders, accurately capture institutional trends, and stay ahead of the market! 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.

[Moody's Warns of Risks from Cryptocurrency Adoption in Emerging Markets Potentially Undermining Financial Stability] Moody's highlighted in its latest report that the widespread adoption of cryptocurrencies in emerging markets could pose threats to monetary sovereignty and financial resilience. The risks are particularly pronounced when cryptocurrency usage expands beyond investment into areas such as savings and cross-border remittances. The report emphasized that the rising penetration of USD stablecoins could weaken monetary transmission mechanisms, leading to a phenomenon akin to unofficial dollarization, referred to as "cryptocurrency-ization," while transparency and regulatory visibility remain limited. Furthermore, cryptocurrencies, through anonymous wallets and offshore exchanges, provide new avenues for capital flight, exacerbating risks to exchange rate stability. Moody's noted that the growth in cryptocurrency holdings in emerging markets is primarily driven by inflation, currency depreciation, and limited access to banking services, with concentrations in Southeast Asia, Africa, and Latin America. As of 2024, the global number of cryptocurrency holders has reached 562 million, a year-on-year increase of 33%.

[Curve Finance Founder Launches Bitcoin Yield Protocol] According to Golden Finance, Curve Finance founder Michael Egorov has launched a Bitcoin yield protocol.

[Japanese publicly listed company Mac House increases holdings by 18.17 BTC, total position rises to 106.65 BTC] According to BitcoinTreasuries.NET, Japanese apparel chain brand Mac House (7603.T) has increased its holdings by 18.17 BTC, bringing its total Bitcoin holdings to 106.65 BTC.