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Hut 8’s latest Bitcoin mining site in Texas covers 162,000 sq ft—equivalent to five football fields.Why the Size Matters in Crypto MiningA Strategic Location with Big Potential
Twelve new wallets have acquired over $2.85B in ETH, signaling strong institutional interest.Fresh Wallet Receives $58.5M in ETH from Galaxy DigitalOver $2.85 Billion in ETH Accumulated Since July 9Institutional Activity or Strategic Positioning?
Solana’s current structure resembles its $22 price phase, sparking bullish speculation among traders.Solana’s Chart Echoes Its $22 Trading DaysWhat This Means for TradersMarket Sentiment and Outlook
Bitcoin holds firm in its channel, eyeing a bounce back to test the 118K resistance level once again.118K Resistance: The Level to WatchBullish Momentum Could Return
Arthur Hayes sees BTC hitting $100K as U.S. tariffs and macro pressure shake global credit growth.Credit Growth Lagging Behind GDP DemandsBitcoin at $100K, Ethereum at $3K?
Ethereum ETFs recorded $5.43B in net inflows in July, with just one day of outflows over the entire month.Over $5 Billion Poured into ETH ETFs in JulyWhat This Means for Ethereum Moving Forward
- 05:18A Whale Address Takes a 3x Long Position on XPL, Currently Sitting on Approximately $900,000 in Unrealized ProfitsAccording to Jinse Finance, OnchainLens monitoring shows that a certain whale address opened a 3x leveraged long position on XPL yesterday, currently with an unrealized profit of approximately $900,000. However, this address still needs to gain $1.9 million more to reach overall break-even.
- 05:18Analyst: The average turnover cost of BTC held for less than three months has once again become a support level during Bitcoin pullbacksAccording to Jinse Finance, on-chain data analyst Murphy stated that the market preemptively reacted to concerns over Powell's speech yesterday, pulling back to $112,000 before the speech. This price point happens to be the average cost basis for BTC held for less than three months. Murphy added that BTC held for less than three months represents the most active and significant portion of short-term holdings, and the sentiment of these new investors is the most volatile. When the price falls below their cost basis, unrealized gains turn into losses, creating considerable psychological pressure and shifting market sentiment from optimism to pessimism. This cost line is precisely $112,000; the support comes from the fact that when these short-term investors approach breakeven, they are less willing to sell their holdings, which overall reduces selling pressure. At the very least, they have not completely lost confidence in the future, so the sentiment should be seen as anxious rather than panicked.
- 05:02Total Open Interest in Ethereum Futures Contracts Across the Network Surpasses $70 Billion Today, Setting a New RecordAccording to a report by Jinse Finance, data from Coinglass shows that as the spot price of ETH surpassed $4,800 to reach a new all-time high, the total open interest in Ethereum futures contracts across the network also continued to rise, at one point exceeding $70 billion and reaching $70.13 billion, setting another record high. Currently, the total open interest in Ethereum futures contracts across the network stands at $69 billion, marking a 13.34% increase over the past 24 hours. On one particular exchange, the open interest in Ethereum futures contracts reached 2.99 million ETH, valued at approximately $14.17 billion.