Bitcoin recorded its largest weekly increase since March 2023

According to on chain analyst Yu Jin's monitoring, Ma Ji (0x020... 872) extended his rolling position of $150000 to $11.15 million last week, earning $11 million; Over the past 10 months, long ETH has incurred a loss of $35 million, and the remaining loss after this operation is $24 million. At present, Big Brother Ma Ji's multiple orders are worth $129 million, covering ETH, BTC, HYPE, and PUMP, with an overall leverage ratio of 12 times.

Coinbase CEO Brian Armstrong stated that stablecoins allow people in high inflation countries to hold strong fiat currencies without the need to move or hoard cash, and that cryptocurrencies provide a way out for people. （Cointelegraph）

Bitcoin's weekly increase exceeded 23%, recording its largest weekly increase since March 2023. （Watcher.Guru）

According to Gate market data, spot gold fell $30 in the short term, falling below the $4600/ounce mark.

According to Lookonchain monitoring, Arthur Hayes bought back 1.9 million ETFIs worth $1.17 million each at $0.62. Four months ago, Arthur Hayes sold 265461 ETFIs for $0.44 each, worth $116800.