🥷 PeckShieldAlert: Verus-Ethereum has been hacked, resulting in a current loss of $11.58 million.
🕵️ Trader GyBRmk sold 21,911 $SOL for $1.85M after holding for over 2 years, taking a $1.05M loss.
Over this period, he accumulated 20,200 $SOL for $2.91M at an average price of ~$144 and staked them, earning 1,711 $SOL ($145K) in staking rewards.
Despite these earnings, the decline in $SOL's value resulted in a total loss of $1.05M.
Over this period, he accumulated 20,200 $SOL for $2.91M at an average price of ~$144 and staked them, earning 1,711 $SOL ($145K) in staking rewards.
Despite these earnings, the decline in $SOL's value resulted in a total loss of $1.05M.
🐳 Whale and Institutional Transactions:
1. A wallet associated with Matrixport continues to increase long positions on #ETH. Currently holding 120,000 #ETH (~$254 million) with over $17.5 million in unrealized losses.
2. 0x8652 opened a 10x leveraged long position on 36,875 #ZEC ($19.68 million), becoming the largest bull on #ZEC.
1. A wallet associated with Matrixport continues to increase long positions on #ETH. Currently holding 120,000 #ETH (~$254 million) with over $17.5 million in unrealized losses.
2. 0x8652 opened a 10x leveraged long position on 36,875 #ZEC ($19.68 million), becoming the largest bull on #ZEC.
🇺🇸🏦 #BTC American cryptocurrency ATM operator Bitcoin Depot has filed for bankruptcy.
📊 "Sell in May" — does it work in crypto?
Three of the last six summers saw #BTC fall from May to September, with an average return of −6%.
So yes, the adage technically works.
However, holding one more month into Uptober flips the trend, resulting in an average return of +14.5%.
The real rule isn't "sell in May" — it's "sell in September."
Three of the last six summers saw #BTC fall from May to September, with an average return of −6%.
So yes, the adage technically works.
However, holding one more month into Uptober flips the trend, resulting in an average return of +14.5%.
The real rule isn't "sell in May" — it's "sell in September."
🇺🇸⚠️ Geopolitics: The USA proposed a temporary suspension of sanctions on Iranian oil. #tradewars
📊👀 #BTC Glassnode: Median SOPR across the top 500 coins just hit break-even (SOPR=1), the highest reading since BTC traded near all time highs. The move was met with heavy selling across the market. The typical altcoin holder has been realizing losses since late 2024.
💸 At $76.7K, more than 7.8M #BTC are currently held at a loss.
The supply overhang from buyers near cycle highs remains substantial, which is a weight the market will need to absorb before any sustained move higher becomes structurally credible.
The supply overhang from buyers near cycle highs remains substantial, which is a weight the market will need to absorb before any sustained move higher becomes structurally credible.