14.3-Year-Old BTC Dormant Address Activated
A 14.3-year-old BTC dormant address has been activated, according to Whale Alert. The address currently holds approximately 10,000 BTC (worth $1.09 billion).
Galaxy Digital Withdraws $43.79 Million cbBTC from Coinbase
On-chain analyst The Data Nerd reported that a Galaxy Digital address withdrew 400 cbBTC ($43.79 million) from Coinbase 7 hours ago. The address currently holds 2,143 cbBTC (worth $234.63 million).
500 Million XRP Unlocked
According to Whale Alert, 500 million XRP was unlocked from an anonymous address.
24-Hour Cryptocurrency Perpetual Futures Liquidation Scale
The recent 24-hour cryptocurrency perpetual futures liquidation scale and liquidation ratio are as follows:
BTC Liquidation Scale: $54.55 million, Liquidation Ratio: Short 79.13%
ETH Liquidation Scale: $51.77 million, Liquidation Ratio: Short 61.44%
SOL Liquidation Scale: $10.33 million, Liquidation Ratio: Long 56.93%
UK and Singapore Strengthen Cooperation in Real Asset Tokenization
According to Decrypt, the UK and Singapore agreed to strengthen cooperation in real asset tokenization and artificial intelligence (AI) during the 'UK-Singapore Finance' dialogue held in London this week. In particular, the UK agreed to continue pursuing the Guardian project, a Singapore-led real asset tokenization initiative, and to lower technical and regulatory barriers for cross-border tokenized asset transactions.
Analysis: "BTC May Turn Bearish Below $108,000"
An analysis suggests that BTC price could turn bearish if it falls below $108,000. According to Cointelegraph, crypto analyst Daan Crypto Trades stated, "The correction phase of this BTC cycle shows a somewhat different pattern from previous cycles. It follows a pattern of stagnation, decline, recovery, and then rising again, with a lack of clear breakout and sustained upward momentum. If BTC fails to defend the $10.8 support line, there's a possibility of the price falling below $100,000 again."
Analysis: "BTC Bullish Trend May Last 3 More Months"
An analysis suggests that if Bitcoin shows movements similar to the previous cycle (2020), the bullish trend may end within 3 months. According to Cointelegraph, cryptocurrency analyst Rekt Capital stated, "October, which is 550 days after last year's Bitcoin halving, is likely to be the cycle peak. Some believe this bullish trend could continue until 2026. However, this view completely ignores the existing halving pattern."
Long-Short Ratio of BTC Perpetual Futures on 3 Major Exchanges
The recent 24-hour long-short position ratio for BTC perpetual futures on the world's top 3 cryptocurrency futures exchanges, based on open interest, is as follows:
Overall Exchanges: Long 50.26% / Short 49.74%
1. Binance: Long 50.86% / Short 49.14%
2. Bybit: Long 49.1% / Short 50.9%
3. Gate.io: Long 49.6% / Short 50.4%
Upbit Temporarily Suspends POL and GMT Deposits and Withdrawals
Upbit announced that it will temporarily suspend deposits and withdrawals for Polygon Ecosystem (POL), Stepn (GMT), and Non-Fungible Tokens on the Polygon network starting from 6 PM on the 10th to support the Polygon network upgrade.
Bithumb Temporarily Suspends POL Deposits and Withdrawals
Bithumb announced on its official website that POL Token (Polygon Ecosystem) network (mainnet) deposits and withdrawals will be temporarily suspended starting from 6 PM on the 10th to support the network upgrade.
Bithumb Temporarily Suspends IP Deposits and Withdrawals
Bithumb announced on its official website that IP network deposits and withdrawals will be temporarily suspended starting from 6 PM on the 7th to support the network upgrade.
Coinone Lists FANC in KRW Market
Coinone announced that it will list Fancy (FANC) in the KRW market at 12 PM on the 7th.
BTC Falls Below $109,000
According to Coinness market monitoring, BTC has fallen below $109,000. On the Binance USDT market, BTC is trading at $108,990.01.
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