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Share link:In this post: Crypto analyst calls L2s parasites living off and weakening the Ethereum network. Analyst claims L2 networks are taking fees from Ethereum’s base layer and fragmenting the network. Coinbase analysts disagree about the impact of L2s, as Vitalik says the network is stronger than before.
Share link:In this post: Over the past 4 days, Ethereum whales have accumulated more than 200,000 ETH. The accumulation continues despite Ether ETFs net outflows approaching $500 million. Analyst CryptoBullet says that the bottom might be in if ETH remains above $2500.
Market speculation remains relatively subdued for Bitcoin, with investors locking in only marginal profit and losses, and a reset across perpetual swap markets. Historically, periods of quiet and calm market structure are short-lived, and often precede an expectation for heightened volatility.
- 17:32Michael Saylor Releases Bitcoin Tracker Information Again, May Disclose Additional Holdings Data Next WeekMichael Saylor, Chairman of the Board of Strategy (formerly MicroStrategy), once again shared information about the Bitcoin Tracker on the X platform, stating: "Too much blue, not enough orange." According to previous patterns, Strategy always discloses information about increasing its Bitcoin holdings the day after such announcements.(Note: Each time Strategy increases its Bitcoin holdings, an orange dot is marked on the chart at the corresponding time point.)
- 17:32In the past 24 hours, $165 million in contracts were liquidated across the network, primarily long positionsCoinglass data shows that in the past 24 hours, the total liquidation of contracts in the cryptocurrency market reached $165 million, with long positions liquidated at $134 million and short positions at $30.2786 million. The total liquidation amount for BTC was $28.4164 million, and for ETH, it was $17.919 million.
- 17:32Traders Expect Bitcoin Volatility Ahead of Federal Reserve Rate DecisionSeveral well-known traders have expressed their views on the recent trend of Bitcoin. Trader TheKingfisher pointed out that there is a dense concentration of long positions in the $95,700-$96,000 range, while a large number of short positions are concentrated in the $96,500-$97,000 range. These price levels may act as magnetic points, and significant volatility is expected. Analyst Michaël van de Poppe believes that as long as Bitcoin remains above $91,500-$92,000, it still has the potential to reach new highs. He also cautioned that the cryptocurrency market tends to experience a pullback before the Federal Reserve meeting, and it is expected to bottom out on Tuesday before rising again.