Bitcoin's recent surge sees whales and sharks accumulating aggressively while smaller holders exhibit mixed behavior. With whales holding 84,000 BTC more and sharks increasing their net position by 244,000 BTC, sentiment divides between smart money and dumb money, hinting at bullish prospects despite price volatility and challenges in price discovery.
Xu LinSolana's DEXs withstand a 32% DeFi volume drop, showing only a 4% dip. Despite challenges, Solana's dominance in the market grows, marking significant yearly growth. Analysts warn of a potential price decline, emphasizing the need for cautious market navigation.
SanyaThe cross-chain bridge was drained of its assets in less than three hours.
Cointelegraph
Coinlive While Ethereum created history by taking over Bitcoin in the options market, the ETH futures contract entered price backwardation.
Cointelegraph$32,000 comes back into view at 6% gains are helped by a return to strength on U.S. stock markets.
CointelegraphRelief endures despite a U.S. trading holiday, but worries over waning momentum in stocks means the short-term outlook remains gloomy.
CointelegraphAn uptick to two-week highs is on the cards but longer timeframes still trouble Bitcoin analysis.
CointelegraphThe U.S. dollar index could rally further in the coming weeks, which is typically bad news for Bitcoin.
CointelegraphThe potential acquisition would follow Coinbase CEO Brian Armstrong announcing plans to expand to every country in which the exchange can legally operate.
Cointelegraph