Bitcoin's first momentum launch failed, holding at $62300 to $62500 to maintain sideways trend

According to Onchain Lens monitoring, a Chainlink whale deposited 984550 LINK worth approximately $9.23 million into Coinbase. This whale has accumulated approximately 2.41 million LINK from Binance in the past month, and currently holds 1.43 million LINK worth approximately $13.43 million, with unrealized profits of approximately $1.42 million.

According to Arkham's monitoring, CZ publicly destroyed 4444 "Binance Life" items worth $2130 at the donation address.

Trader Killa stated that Bitcoin has returned to above the Meyer multiplier of 0.8, with the current 200 day moving average at around $69500. Once the Bitcoin price breaks through and stabilizes at this level, a bull market begins.

The blockchain analysis platform Swissblock stated that Bitcoin's first momentum launch failed, and momentum indicators have returned to the transition zone. As long as Bitcoin stays within the range of $62300 to $62500, the current trend can still maintain a sideways consolidation. If it falls below this region, Bitcoin will break away from its current consolidation structure and face the risk of falling back to the surrender phase.

Michael Saylor stated that Bitcoin has fallen by 47% in the past year, while Strategy's digital credit tools have shown a performance ranging from a 27% decline to a 9% increase, with STRC rising by 9%. Financial engineering can reduce downside risks.