「Ethereum ICO Whale of 1 Million Tokens」 Sells Another 1000 ETH, Still Holds 23,619 ETH

On July 9th, according to a Bitunix analyst, the U.S. Secretary of Commerce declared that the tariff policy regarding copper is scheduled to be implemented as early as August 1st. The Trump administration intends to impose a tariff rate of up to 50% in order to promote the reshoring of manufacturing. Along with the EU putting forward a market open-up plan, the continuous escalation of global trade tensions is obvious. On the other hand, Trump's chief advisor publicly accused Powell of being "the worst Fed chair in history," stating that if no rate cut takes place by July 29th, it may lead to disastrous consequences, further intensifying the policy uncertainty in the financial market. Technically, the current key resistance level of BTC is at $110,348. Short-term liquidation heatmaps show significant liquidity support around $107,000. If this support is broken through, the price may further decline to the $102,560 demand zone. Bitunix Analyst's Note: Given the short-term impact of tr

On July 9th, as per The Data Nerd's monitoring, a whale address commencing with 0x15B deposited 9000 ETH into Binance 20 minutes ago. The value of this deposit is approximately $23.68 million. This ETH was unstaked from Mantle.

On July 9th, Matrixport announced on social media that recently, the price of Ethereum has demonstrated resilience that goes beyond fundamental expectations. Even though the on-chain activity as measured by Gas fees has remained low and the overall network heat has not shown a significant rebound, the price has not experienced a pullback but has instead continued on a steady uptrend. Matrixport believes that behind this trend, it is mainly driven by the following structural factors: First, some institutions have successively added ETH to their treasury assets, further strengthening its position as "digital gold" in their asset allocation system. Secondly, the issuance of stablecoins on the Ethereum network remains active, continuously injecting liquidity into the on-chain ecosystem. At the same time, the advancement of the U.S. "GENIUS Act" has brought medium- to long-term policy benefits to Ethereum in terms of compliance and institutional participation. Combining the historical stro

On July 9th, according to the data from Glassnode, whales that hold at least 10,000 ETH are speeding up their accumulation, and the pace is even quicker than that before the 95% surge in ETH in mid-2022. As of this Monday, the total amount of ETH held by these whales has rebounded from a historical low of 37.56 million in October 2024 to 41.06 million, representing an increase of 9.31%. This growth rate is nearly twice as fast as during the period from May to September 2022 (when the ETH price rose from around $1,000 to $1,950). A similar situation took place from November 2020 to January 2021. During that time, whale holdings increased by 4%, and the ETH price soared from $460 to $1,220. History shows that whales often start to accumulate before a full-scale market takeoff. The data from Glassnode indicates that the $2,500 - $2,536 range is the strongest accumulation area recently. Over 3.45 million ETH are concentrated at this cost basis, forming a key support level.

On July 9th, as per the report on Globenewswire, the arcade game behemoth Atari disclosed in its latest annual revenue report that it intends to make adjustments to its Web3 ecosystem initiative, Atari X. This initiative was initially designed to drive the development of a Web3 blockchain ecosystem, bringing gaming, utilities, and the community together and exploring token issuance. Nevertheless, based on the latest data, the transaction volume of Atari X was extremely low (only 100,000 euros in the 2024 fiscal year), so it is no longer regarded as a separate business line, and the strategic focus will remain on the core video game business.

On July 9th, the analysts at Bitfinex pointed out in their latest report that current traders are cautious about purchasing Bitcoin at the present price level. This is because the cryptocurrency has continuously failed to successfully break through the historical high of $111,970. "The bulls seem hesitant or are unable to push the price further upward in the absence of new catalysts or clearer macro signals." The analyst stated that although the profit-taking pressure has decreased, the lack of buying interest indicates that traders are still waiting for direction confirmation. It is worth noting that according to Santiment data, Bitcoin's social media sentiment has reached a three-week high, with bullish comments being 1.51 times more than bearish ones. However, the analysts at the platform warn that similar sentiment spikes have led to price pullbacks on June 11th and July 7th.