Bitget App
Trade smarter
News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
BTC on-chain indicator reaches its lowest point as LTH/STH ratio returns to the bull market starting point
CryptoChan·2024/12/21 05:48
Indicator update: BTC completes the second wave of golden cross, historical signals reappear
CryptoChan·2024/12/20 10:37
Flash
- 02:08The AI trading competition has ended, Qwen3 wins the championship, and all four major models have losses exceeding 30%.ChainCatcher News, according to Alpha Arena data, the first nof1 AI model trading competition has concluded. Among them, Qwen3 Max ranked first with a return rate of 22.3%, a win rate of 30.2%, a total profit and loss of $2,232, and a total of 43 trades; DeepSeek Chat V3.1 ranked second with a return rate of 4.89%, a win rate of 24.4%, a total profit and loss of $489.08, and a total of 41 trades. The other models all suffered significant losses: Claude Sonnet 4.5 lost 30.81%, Grok 4 lost 45.3%, Gemini 2.5 Pro lost 56.71%, and GPT 5 lost 62.66%.
- 02:08US prosecutors seek up to 5 years in prison for the two founders of Samourai WalletChainCatcher news, according to Decrypt, the U.S. Attorney's Office for the Southern District of New York stated in a sentencing memorandum that Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill solicited criminal users on the dark web and described "mixing" as "bitcoin money laundering." Both have pleaded guilty to "operating an unlicensed money transmitting business and involvement with criminal funds," and prosecutors are seeking a maximum sentence of 5 years in prison under 18 U.S.C. §371. Authorities stated that the service laundered at least $237 million from 2015 to 2024, with the two collecting fees totaling approximately 246.3 BTC (currently worth about $269 million). Rodriguez will be sentenced on November 6, and Hill will be sentenced the following day.
- 02:084E: Crypto Market Flash Crashes by $1.2 Billion; Whales Take Losses; Bitcoin Cycle Patterns May Be EndingAccording to 4E's observation, the crypto market experienced a sudden flash crash on Monday, with over $1.2 billion in liquidations within 24 hours, of which more than 90% were long positions. Bitcoin plunged from $108,000 to $105,000, while Ethereum dropped sharply from $3,700 to $3,500. Both saw liquidation amounts exceeding $100 million within an hour. During the crash, the Bitcoin premium index on a certain exchange remained around -$30, indicating that US investors may have been the main driving force behind the sell-off. Monitoring platform "Embers" showed that the account known as the "Top 100% Win Rate Whale" closed long positions in BTC, ETH, and SOL worth $258 million eight hours ago, incurring a loss of $15.65 million, nearly wiping out all profits from the past 20 days. Currently, this account still holds about $148 million in long positions, with an unrealized loss of $18.86 million. CryptoQuant CEO Ki Young Ju pointed out that the Bitcoin "four-year halving cycle" model may no longer be applicable. His analysis indicated that whale unrealized profit margins are in a neutral range, mining companies continue to expand, ETF and MicroStrategy buying has slowed, short-term whales are near breakeven, while long-term whales still maintain about 53% profit. Overall on-chain data shows that the market has shifted from being cycle-driven to institutionally liquidity-driven. 4E's commentary: The flash crash reflects the fragility of a highly leveraged structure and the correlated pressure from rising US Treasury yields. If Bitcoin enters a "cycle-less" phase, future volatility will depend more on the pace of institutional capital and macro liquidity signals, rather than historical experience.