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Bitcoin is at the pivotal 50-day SMA support, and a drop below this level could result in accelerated selling of BTC and altcoins.
One analyst pointed out the $27,000 level could be a short-term target for bitcoin amid the lack of positive news.
The balance kept in addresses that hold coins for at least 155 days has increased by $1.87 billion this month.
XRP price is down today, like other top crypto assets, as traders anticipate a Federal Reserve rate hike this week.
One token zoomed 1,200% even though its related project closed in May, data shows.
Bitcoin whales account for the most exchange inflows volumewise since June 2022 as short-term holders become increasingly active.
The highly anticipated project co-founded by OpenAI's Sam Altman launched its token on Monday.
The spot market is in the driver's seat as perpetual futures open interest to market cap ratio remains low, one observer said.
Launch of the token comes alongside protocol launch and prior release of the wallet.
Bitcoin begins to fulfill traders’ downside targets as BTC price action retraces its steps in a crucial macro week.
- 02:17France’s Right-Wing National Rally Plans to Promote Legislation Supporting Nuclear-Powered Bitcoin MiningAccording to a report by Jinse Finance, citing France's Le Monde, the French right-wing party "Rassemblement National" plans to propose a bill to use surplus electricity from nuclear power plants for Bitcoin mining. Party member Aurélien Lopez-Liguori began drafting the relevant legislation in July. The proposal aims to deploy high-performance computers at nuclear power plants operated by French energy giant EDF, participating in blockchain network operations by performing complex calculations to earn newly minted Bitcoin as a reward.
- 02:12A Smart Money Address Suspected of Selling 38,582 ETH Worth Approximately $138 Million Over the Past WeekAccording to Foresight News, monitoring by @ai_9684xtpa indicates that a smart money address has allegedly sold 38,582 ETH over the past week, worth approximately $138 million, which would yield a profit of $36.57 million if sold. Judging by the operations, this address likely belongs to an institution. Since the beginning of this year, it has withdrawn a total of 77,700 ETH (about $202 million) from a certain exchange, with an average price of only $2,600. The address currently still holds 25,054 ETH on-chain, most of which is deposited in Aave.
- 02:12Whale qwatio reduces position from $300 million to $195 million, unrealized profit drops to around $2 millionAccording to Foresight News, as monitored by Ember, the whale known as qwatio expanded their position to $300 million yesterday by maximizing leverage and rolling over unrealized profits. However, as the market saw a slight rebound today, their position was reduced to $195 million at 9:00 (UTC+8). At the same time, unrealized profits also dropped from $11.22 million yesterday to the current $2 million.