21Shares and Bitwise ETF purchase $680 million HYPE

Circle CEO Jeremy Allaire stated that every major financial institution now has a task to implement digital assets. （Bitcoin Archive）

[Address '0x2fc' Opens a 96.36 BTC Position with 40x Leverage] According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), the on-chain address '0x2fc' has opened a 96.36 BTC long position with 40x leverage. This address has previously executed multiple BTC trades, with most positions liquidated, resulting in cumulative losses exceeding $2.77 million.

According to the popularity ranking, HYPE ranks first in popularity, with the largest increase in WLD. The popularity ranking is as follows: ① HYPE （$59.55，-6.49%） ② ZEC （$606.12，-8.05%） ③ OKB （$94.46，13.18%） ④ NEAR （$2.73，14.23%） ⑤ BSB （$0.6620，-22.28%） The buying power of WLD's main funds is average, with a net inflow of $107 million within 24 hours and a transaction volume of $3.264 billion within 24 hours, of which the net inflow of the main funds is $1.1 billion.

Analyst Murphy stated that the weight of BTC's short-term fund chain activity has dropped to a historically low level, only appearing in the bear market bottom zone, indicating a cooling of short-term turnover and a shift in economic value towards long-term chips. He believes that the market may be at the bottom of a bear market, a sub bottom, or a stage of accumulating momentum before the start of a bull market, but temporarily rules out the possibility of a bull market accumulating momentum. He suggests a diversified position strategy to deal with different outcomes.

CryptoQuant data shows that the liquidity of XRP on Binance has dropped to its lowest level since January 2020. （Cointelegraph）