Still no liquidity over the weekend... Spot CVD on exchanges is pretty flat.
On-chain is also quiet over the weekend... No panic selling, and not much movement from old coins either.
Let’s just keep it the same as yesterday...
Wintermute transferred 129540 SOL and 169.5 BTC worth $12.42 million and $13.11 million respectively to Binance. Another 407.47 BTC worth $31.36 million were transferred to Coinbase through an intermediate wallet. （Onchain Lens）
According to on chain analyst Yu Jin's monitoring, Yuchi Lianchuang Wang Chun's address (0x268... 7643) transferred 12800 ETH worth $28.73 million to Binance, and then withdrew $87.68 million USDC to repay Spark loans. At present, the address still holds 65000 ETH worth $159 million, as well as 1000 WBTC worth $77.18 million.
Renowned trader Killa stated that the bottom of Bitcoin has formed and the price has risen back to the short-term holder cost line. Killa once pointed out when Bitcoin was at $65000 that once it regained $67400 and traded in the middle of $75000, while holding the short-term holder cost line, a bottom would form. Killa stated that before Bitcoin rises to $90000, the price needs to first break through the $80000 to $83000 range.
According to The Kobeissi Letter on X, the Nasdaq 100 ETF (QQQ) had a net inflow of $10.9 billion in August, surpassing the record of $4.9 billion in July and $9.2 billion in March 2022. Semiconductor ETF (SMH) had a net outflow of $2.8 billion in August, while software ETF (IGV) had a net outflow of $610 million during the same period. Funds are shifting from the semiconductor and software sectors to a wider range of technology stocks.
