Strong Bitcoin buying and entity adjusted SOPR above 1

Machi, a major player on the chain, continues to increase its holdings, with a total position size of 131 million US dollars, including 32600 ETH worth approximately 85.73 million US dollars, and a liquidation price of 2517 US dollars; Holding 495 BTC worth approximately $40.26 million, with a liquidation price of $73501; Holding 55500 HYPE, valued at approximately 5.06 million US dollars, with a liquidation price of 18.7 US dollars.

USDC Treasury issues 250 million USDCs on Solana Chain.

BTC OG insider whale agent Garrett Jin proposed 134000 ZECs and 6807600 ZECs from Binance, totaling 202100 ZECs. Calculated at the current ZEC price of $1560, the holding value is approximately $315 million.

Garrett Jin holds 2020800 ZECs with a current value of $320 million, and there is an unrealized loss of $34.5 million on his 38000 ZEC empty positions held in Hyperliquid.

According to Glassnode data, the SOPR 7-day moving average of Bitcoin, after entity adjustment, has re entered the break even line of 1.00. Currently, most of the tokens sold on the chain are in a profitable state, and buying orders can absorb profit selling pressure.