Ethereum PoS Network Exit and Entrance Queue Sees Slight Increase, with ~$25.7 Billion ETH Queued for Exit

Beating AI Express: Multiple GitHub services are experiencing outages. According to GitHub’s official status page, at approximately 17:16 UTC+8 today, the platform launched an investigation into degraded availability of its API, Issues, Pages, and Pull Requests. An update at 17:25 UTC+8 noted impaired performance of GitHub Actions, with the issue still under probe. The latest update at 17:36 UTC+8 reveals that elevated replication latency in the collaboration system (collab) database led to a surge in authorization API errors, which further caused a rise in overall system error rates. The investigation remains ongoing.

Analyst Murphy says on-chain data can clearly reveal the trading sentiment of representative investors in the current phase. First, the group that bought BTC in the past 3–6 months has seen very little profit. In other words, most of those who bought at the bottom during this period are unwilling to take profits at current levels. These are the STHs (Short-Term Holders) closest to LTHs (Long-Term Holders). Traders not selling now are likely targeting medium- to long-term positions. Additionally, the group that bought BTC in the past 6–12 months has suffered significant losses, almost covering all tokens accumulated during the entire bear market. Many LTHs in this group are not genuine believers; they only became long-term holders passively after incurring unrealized losses. Thus, they are the most volatile group during every major dip or rally. From a macro cycle perspective, BTC will not fully enter its next phase until this selling pressure is gradually exhausted. Recently, Murphy published an article discussing why Bitcoin has struggled to break through the $82,000 level. First, STHs’ (Short-Term Holders) tokens are concentrated between $59,000 and $81,000. A break above $82,000 would trigger profit-taking from some short-term speculative capital, creating the first layer of selling pressure. Second, the most concentrated price range for LTHs’ (Long-Term Holders) tokens is exactly between $81,000 and $82,000. LTHs tend to exit when prices approach their break-even point, forming the second layer of selling pressure. The analyst notes that breaking through $82,000 is indeed a short-term resistance, as the market needs time to resolve divergences and absorb supply. Once the market regains momentum and successfully breaks through, the path ahead will be clear.

HIP-3 market deployer Entropy spent 500 HYPE (approximately $38,950) to acquire the DRAM ticker code, and is set to launch io:DRAM perpetual contract trading. Trade.xyz had earlier rolled out xyz:DRAM perpetual contract trading. DRAM refers to the Roundhill Memory ETF (DRAM), the world’s first pure memory-themed ETF.

According to HTX market data, Ethereum has fallen below $2,500, with a 24-hour decline of 1.14%.

According to HTX market data, Bitcoin has fallen below $77,000, with a 24-hour decline of 0.44%.

Serenity noted that GPU renewal data disclosed in Oracle’s (ORCL) financial report sends a relatively positive signal to computing infrastructure firms including NBIS and IREN. Oracle stated that all GPUs entering the renewal phase have been resold, with transaction prices 20% higher than their original contracts, and most of these devices have been in use for more than four years. Serenity argues this data serves as a counterexample to Burry’s claim of “rapid GPU depreciation” and is more favorable to NVIDIA (NVDA) and Neocloud.