Chip export prices have surged, and the AI chip shortage crisis continues to intensify.

A whale, which first set 10 major targets, holds total short positions of approximately $219 million, currently facing unrealized losses of around $1.07 million: · BTC 5x short positions: holds 2,449.968 BTC, valued at ~$185 million, average entry price of $74,746.10, with an unrealized loss of ~$972,400; · ETH 7x short positions: holds 15,000 ETH, valued at ~$35.31 million, average entry price of $2,347.89, with an unrealized loss of ~$97,700.

According to Lookonchain's monitoring, a whale or institutional entity sold 871,000 HYPE tokens via FalconX over the past six hours, with the transaction valued at approximately $64.82 million.

Renowned trader Doctor Profit stated that Bitcoin has recently rallied past multiple key resistance zones, arguing the current bear market is over and the market is entering the early stages of a bull run. In a single recent day, BTC broke through 4 to 5 full bear market resistance zones, including the bear market resistance band he had previously flagged. He noted this move has undermined market skepticism about the indicator’s validity, adding that only a few key resistance zones remain ahead for Bitcoin; a successful breakout would further confirm the start of a bull cycle. The market is currently in the transition phase from bear to bull, he added. Three price levels are now critical to monitor: $71,500, $78,000, and $82,000. Of these, $71,500 is the most important resistance level at present. If BTC can effectively hold above this zone, or form a weekly closing breakout, the key confirmation of the breakout will be completed. The $78,000 zone also needs to be breached, and once the $82,000 level is broken, the bull run’s upside potential will expand further. Additionally, one of the largest Bitcoin short liquidation events in history has unfolded recently, with some investors missing out on positioning opportunities earlier due to their belief in the four-year cycle or expectations of an August pullback.

Liquid Capital (formerly LD Capital) founder Yilihua stated in a post that after determining the end of the market rebound in May, his primary focus over the past two months has been one key point: the period from July to August could be the final bottom-fishing opportunity for Bitcoin in this cycle. With Bitcoin (BTC) surging past its 120-day and 200-day moving averages on the daily timeframe, and breaking above the 20-week moving average on the weekly timeframe, BTC’s bear market trend has officially concluded. He noted that the market will remain bullish over the next two weeks, but a pullback may occur after BTC rises to a certain level. The subsequent pullback will not exceed 50% of the prior rally’s magnitude; for investors using leverage, he recommends reducing long positions and referencing the weekly trend and pullback levels from Bitcoin’s 2023 bull cycle. Bitcoin has fallen from a peak of $126,000 to $57,000 in this cycle, with a maximum decline of around 56%. He believes this drop has formed the cycle’s low point, and it will be difficult for the market to see BTC prices starting with $50,000 again.

Over the past 6 hours, whales/institutions have sold 871,000 $HYPE ($64.82M) through FalconX.

Not all whales are buying $ETH — some are selling! 7 Siblings sold 14,000 $ETH($32.85M) at an average price of $2,346. Whale 0xFD10 sold 11,252 $stETH($26.5M) and 1,824 $ETH($4.26M) for 30.78M $USDT.