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.
