People keep asking if 60k is the bottom this cycle.
My current answer: Most likely not.
It hasn’t finished dropping, it needs time.
If you buy the dip now, there will just be more dips to buy.
BTC BTC
Between June 2nd and August 18th, the supply of ETH on the exchange decreased from approximately 7.7 million to approximately 6.54 million, with approximately 1.15 million ETH flowing out of the exchange; Between July 28th and August 18th, the BTC exchange balance rebounded by about 1.8%, with approximately 23000 BTC flowing back, while the ETH balance decreased by about 2.2% during the same period. （Santiment）
According to AiCoin's real-time monitoring, the total holdings value of Hyperliquid across the entire network has exceeded $12 billion, currently at $12.02 billion.
For more real-time updates on Hyperliquid, please refer to: https://www.aicoin.com/zh-Hans/hyperliquid
[Main password: Binance BTC/USDT with a perpetual occurrence of 51.95 million US dollars in large pending orders]
Massive orders remain static in the market, sparking speculation about underlying risks and intentions.
US President Trump stated at the White House Cryptocurrency Summit that the US is considering holding large amounts of Bitcoin and other cryptocurrencies, and called on Congress to pass the Crypto Clarity Act, while also stating that the US will ensure leadership in the Bitcoin and cryptocurrency fields. Trump stated that the war against cryptocurrencies has ended and that the CFTC is working to introduce Hyperliquid HYPE into the United States, resulting in a 15% increase in the price of Hyperliquid HYPE to $69. SEC Chairman Paul Atkins stated that he will ensure that cutting-edge technological advancements are achieved in the United States, while Gemini co-founder stated that the United States should maintain a leading position in the cryptocurrency field and win the market. （Watcher.Guru）
