BTC falls below the $97000 mark

Loracle shorted PONS on Hyperliquid, with a position value of approximately $16.3 million, accounting for 17.5% of the token's open contracts. Loracle opened a position at $0.44 9 days ago and increased its position during the period when the PONS price reached a peak of $0.97. At that time, the position had a floating loss of over $8 million, but has now turned losses into profits, with a floating profit of approximately $2.18 million.

Transparent Business Inc. is suing Universal Navigation Inc. in the Southern District Court of New York, requesting the court to rule that the UNICOIN trademark does not infringe or dilute the UNI, UNISWAP, and UNICHAIN trademarks, and to request the revocation of UNI's US trademark registration. (Source: Reuters)

Trader Lorale's short position in PONS held by Hyperliquid has turned losses into profits, with a current floating profit of approximately $2.18 million. The position was opened at an average price of $0.44 9 days ago and continued to increase during the period when PONS rose to $0.97. It had a floating loss of over $8 million and currently holds a value of $16.3 million, accounting for 17.5% of the total open contracts on PONS.

From September 3rd to 9th, the weekly trading volume of Trade.xyz was $13.15 billion, a decrease of 37.6% compared to mid August. During the same period, the weekly turnover of Hyperliquid's main market increased to 37.36 billion US dollars. The weekly trading volume of individual stock contracts decreased to 7.19 billion US dollars, with Nvidia's weekly trading volume dropping to 291 million US dollars. The WTI crude oil trading volume has risen to $1.6 billion, surpassing SKHX's $1.5 billion and becoming the single contract with the highest trading volume on Trade.xyz. The nominal amount of open interest in individual stock contracts increased from $2.016 billion to $2.235 billion. As of press time, the trading volume of Trade.xyz in the past 24 hours was 2.719 billion US dollars, with individual stock contracts contributing 1.541 billion US dollars.

[Garrett Jin: Bitcoin Consolidation Not Yet Over, Facing Short-Term Macro Risks] Garrett Jin stated in the weekly report that after Bitcoin reached $82,300, it failed to break through the $82,500 resistance, and the consolidation is not yet over. Short-term spot demand has weakened, with heavy supply above $82,000. If it breaks above $82,500, the next resistance lies between $83,000 and $86,000; if it moves downward, attention should be paid to the $76,000 to $77,000 support range, and if that is lost, it may test the $72,000 to $72,500 range. Garrett Jin believes there is a 70% probability that $60,000 will serve as the cyclical low. The year-end outlook remains supported, but rising oil prices and long-term interest rates are increasing pressure on risk assets.