Bitcoin in Precarious Position as BTC Price Penetrates Bullish Trendline

Giant Whale increases its long position in ETH, increasing its position to $137 million According to on chain analysts' monitoring, on August 18th, a giant whale used floating profits to increase its position in ETH again, increasing its position from $100 million to $137 million. The current opening price is $4314 and the liquidation price is $4207.

Bitget NEAR/USDT's perpetual trading volume surged 17 times within 10 minutes, with a turnover of 22.84 million US dollars in the past 24 hours, a decrease of 6.63% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

A symmetrical triangle points to $3.90 upside target if $3.26 breaks, however.

AEHL and BitGo collaborate to advance Bitcoin acquisition and custody NASDAQ listed company AEHL announced the signing of a strategic agreement with BitGo, launching the second phase of its Bitcoin strategy to advance Bitcoin acquisitions and on chain storage. The company will regularly disclose purchase plans, position information, and related arrangements.

Volkswagen Singapore collaborates with FOMO Pay to support digital currency payments, allowing for the use of BTC, ETH, and stablecoins to pay for vehicle and service fees On August 14th, Volkswagen Singapore (VGS) announced a partnership with payment institution FOMO Pay to launch a digital currency payment service. Consumers can now use BTC, ETH, and stablecoins (USDT, USDC, etc.) to pay for vehicle and service fees. The daily payment limit for each customer is 4500 SGD, and the cumulative limit is 13500 SGD. This move responds to the trend of digital asset popularization in Singapore, aiming to improve payment speed, security, and global interoperability while reducing transaction costs.