BTC spot main traded 16 large orders with a total amount of 29.11 million US dollars!

According to Axel Adler Jr, an analyst at CryptoQuant, Bitcoin has recently fallen to around $62000, and the market's losses have expanded. The net realized losses on the 7th have risen to about $7 billion, higher than the market low in February this year. The current price has fallen below the holding cost of approximately $76000 for short-term holders, and most short-term investors are in a floating loss state. The key support levels below are concentrated at an average realized price of approximately $54000 across the entire network and a long-term holder cost price of approximately $49000. Analysis suggests that if Bitcoin remains above $54000, the market is still experiencing a normal pullback; If it falls below and remains below the low point of February this year, panic may intensify.

According to Garrett Jin, the agent of "BTC OG Insider Whale", he questioned Serenity's public bullish harmonic today, believing that releasing a bullish signal only after a significant increase in related assets may lead followers to enter high levels and bear the risk of a pullback. Today's report states that due to Serenity's call for orders, the green harmonic rose by 20%, triggering a limit up.

B.TOP founder Jiang Zhuo'er stated that he has repurchased all Ethereum positions previously cleared in the $2200 to $2400 range at an average price of $1645. He believes that the overall market is still in a downward trend, but Bitcoin has received support twice around $61000 and has not effectively fallen below it, indicating a short-term technical rebound demand. He expects Bitcoin to rebound in the next 1 to 3 days and plans to sell the Ethereum positions he just bought back again during the rebound process.

[Cypherpunk: Bitcoin Once Minted 184 Billion Extra Coins Due to a Bug] According to a post by Cypherpunk on the X platform, all software contains vulnerabilities, and historically, Bitcoin once minted an additional 184 billion BTC due to an error. Cypherpunk emphasized that blockchain security should be enhanced through formal verification and provable correctness. With the development of AI technology, vulnerability detection will become faster and more comprehensive, but the key lies in who can identify issues before malicious actors. Zcash is about to release an update showcasing its capabilities. Previously, the privacy coin ZEC experienced a single-day price drop of over 50% after reports of a potential infinite minting vulnerability.

According to CoinDesk, Deribit's Chief Commercial Officer Jean David P é quignot stated that $60000 is an important structural threshold for Bitcoin. In the past year, a large amount of institutional funds have bought Bitcoin in the range of $60000 to $67000. If the price falls, unrealized losses will increase, holding costs will rise, and investors may panic and sell. The open interest contract of put options with an exercise price of $60000 on Deribit has a nominal value exceeding $1.2 billion, and market makers may be forced to sell spot or futures due to Gamma risk, thereby accelerating the price decline.