The three major stock indexes of the US stock market have all fallen across the board
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The three major stock indexes in the US continued their downward trend, with the S&P 500 index falling 1%, the Nasdaq falling 1.6%, and the Dow Jones Industrial Average falling 0.3%.
According to Onchain Lens monitoring, a newly established address has withdrawn 6.5 million Binance tokens worth 4.4 million US dollars from Binance, and currently holds 175 million Binance tokens worth 119 million US dollars.
According to on chain analyst Ai Yi (@ ai_9684xtpa), the giant whale, which had been dormant for five years, woke up four months ago and began a leveraged long position in ETH. At present, two addresses have pledged a total of 104800 WETH coins and lent out 135 million USDT coins (including 24500 coins), with clearing prices of $1555.04 and $1565.72 respectively. A further drop of $35 in ETH will trigger clearing.
XRP lost another 5% after a high-volume breakdown overwhelmed support near $1.20, leaving traders focused on whether the latest washout marks capitulation or the start of a deeper slide.
What to know : XRP slid to its weakest levels in months amid liquidation-style selling, briefly breaking below $1.10 before dip buyers emerged near $1.09. Despite roughly $4 million in fresh XRP ETF inflows and cumulative inflows near $1.5 billion, sentiment has soured as the token fell behind USDC in market value and the broader crypto Fear & Greed Index dropped into extreme fear. Analysts see $1.09 to $1.10 as critical support and $1.12 to $1.13 as the first key recovery zone, with the broader trend still bearish until former support levels are convincingly reclaimed on stronger rebound volume.
According to Lookonchain monitoring, the BIT associated address holds a floating loss of $780 million on a long position of 120000 ETH. To avoid liquidation, $5.84 million USDC has been deposited as margin. The latest clearing prices for the four addresses of the whale are $1414.51, $1366.11, $1360.73, and $1309.53, respectively.
According to Solid Intel, Tom Lee's BitMine currently holds approximately 542 million ETH and is facing unrealized losses of $10.16 billion as Ethereum prices approach $1600.
