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Bitcoin has entered a distribution phase, signaling a decrease in demand, with market participants increasingly liquidating their holdings. While investor sentiment is cautious, long-term holders may indicate a potential market shift.
XRP eyes a breakout above $2.27 resistance for sustained bullish momentum. Market sentiment remains positive, but low trading volume signals possible consolidation. Technical indicators hint at a potential bullish reversal despite weak momentum.
Quick Take Ethereum Foundation developers will launch a new testnet called Hoodi, which will test the final Pectra deployment ahead of mainnet activation. Previous Pectra activations on the Holesky and Sepolia testnets ran into configuration issues, pushing back the official release schedule.
- 18:07Data: If ETH breaks through $3,595, the total short liquidation volume on major CEXs will reach $2.356 billionAccording to ChainCatcher, citing data from Coinglass, if ETH surpasses $3,595, the total short liquidation volume across major CEXs will reach $2.356 billion. Conversely, if ETH falls below $3,283, the total long liquidation volume across major CEXs will reach $956 million.
- 17:17In the past 7 days, CEXs saw a net outflow of 641,600 ETHAccording to ChainCatcher, citing data from Coinglass, there was a net outflow of 641,600 ETH from CEXs over the past 7 days. The top three exchanges by outflow volume are as follows: · One exchange saw an outflow of 477,100 ETH; · Another exchange saw an outflow of 148,200 ETH; · Another exchange saw an outflow of 67,000 ETH. In addition, one exchange recorded an inflow of 100,400 ETH, ranking first in terms of inflows.
- 16:34Arthur Hayes: Bitcoin to Test $100,000, Ethereum to Test $3,000Foresight News reports that Arthur Hayes stated in a post that, at the very least, the market believes the U.S. tariff bill will expire in the third quarter following the release of non-farm payroll data. He noted that no major economy is able to create credit quickly enough to boost nominal GDP. As a result, Bitcoin will test $100,000 and Ethereum will test $3,000.