「Insider Whale」 Increases Bitcoin and Ethereum Short Positions Again This Morning, Now Holding Unrealized Gains of Over $3.23 Million

On July 2nd: The US ADP Employment Change for June witnessed a decline of 33,000, which is the largest drop since March 2023. The anticipated value was 95,000, and the previous value was 37,000. (FXStreet)

On July 2nd, based on the monitoring of OnChain Lens, 3 addresses that are likely to be associated with the same entity withdrew 2,797 ETH from OKX 1 hour ago, with a value of $6.86 million. One of the wallets transferred 797 ETH for staking, which is worth $1.95 million.

On July 2nd, the Greek.Live analyst Adam mentioned that there is a divergent view within the community regarding the market direction. Some traders are cautiously optimistic about the Bitcoin V-shaped reversal trend and anticipate a potential new high. Nevertheless, some traders are worried about the risk of a false breakout. Regarding Ethereum, traders generally think that if it fails to break through after 8 weeks of oscillation, $1800 will become an important downside target.

On July 2nd, as reported by Fortune, Coinbase has made an acquisition of the token custody platform Liquifi. The specific transaction details have not been disclosed yet.

On July 2nd, the Bitcoin Thunderbolt Network, which is led by early Bitcoin core developers and the Nubit team, officially opened the Thunderbolt Station today to reserve channels. In the first stage, the $tsUSD token was officially launched, allowing institutions and eligible users to reserve network construction capacity and participate in the sharing of mainnet revenue. The station will be opened in three phases. Currently, users can lock in future construction capacity with the $tsUSD token and reserve support for BTC, USD1, and BRC-20, Runes, and other Taproot script assets as payment methods. This marks the first time that Bitcoin native assets have been used in a mainnet infrastructure participation scenario. According to sources, multiple institutions, family offices, and investment institutions have confirmed their participation, and the expected cumulative interest in the first round is expected to exceed $1 billion. The developer community is also exploring the Thunderbolt

On July 2nd, according to Forbes, Matt Mena, the Cryptocurrency Research Strategist at 21Shares, declared: "Once the M2 money supply starts to ascend once more, historical data indicates that a portion of liquidity will flow into Bitcoin and other digital assets." Historically, the price of Bitcoin has had a close correlation with the M2 money supply, which is the Fed's estimation of liquid assets encompassing cash, deposits in checking accounts, savings accounts, and other short-term savings instruments. Cryptocurrency influencer Anthony "Pomp" Pompliano, who is about to head a new Bitcoin acquisition company, wrote in an email: "If Bitcoin continues to adhere to the growth of the money supply, we might witness the price of each Bitcoin reaching $150,000 by the end of the year."