「$10M Profit Whale」 Suspected of Accumulating 6000 ETH in a Transaction, with an Average Price of $1582

Grayscale stated in a post that this week could mark a turning point for Bitcoin. Historical data shows Bitcoin typically bottoms after falling roughly 80% from its cycle peak. During the most recent bear market, Bitcoin has dropped around 50% from its cycle high to date, a smaller decline than in all prior cycles. The market has long debated whether Bitcoin would see a new downturn in the fourth quarter of 2026. While risks persist in the market, this week’s rally may signal that Bitcoin has formed a more solid bottom.

According to monitoring by Onchain Lens, the Kingdom of Bhutan has transferred 10.779 BTC (valued at approximately $835,000) to two newly generated addresses.

According to monitoring by Onchain Lens, Wintermute deposited 590.9 BTC into Binance approximately 43 minutes ago, worth around $45.66 million. So far this week, Wintermute has cumulatively deposited 3,834.3 BTC into Binance, totaling approximately $256.8 million.

Crypto analyst Darkfost noted in a post that Bitcoin has rallied more than 23% cumulatively over the past three days. As prices surged rapidly, signs of profit-taking began to surface, with roughly 53,000 BTC flowing into major exchanges—of which about 17,800 BTC was transferred to Binance. Notably, all of the 17,800 BTC that entered Binance came from short-term holders, especially investors with positions held for less than a day. By contrast, long-term holders who have held BTC for over six months did not send any BTC to Binance. This indicates the current round of inflows is driven primarily by short-term speculative funds, not structural selling by long-term holders. Data shows this marks the largest BTC inflow to Binance since February 2026. Back in February this year, short-term holders went through a notable market capitulation. Now, short-term funds are once again moving in and out of exchanges on a large scale, reflecting a sharp rise in speculative trading activity. These brief, sudden capital flows are also pushing crypto market volatility back up.

According to HTX market data, LIT briefly broke through $3.27 to hit an all-time high, and is currently trading at $3.2, with a 13.21% gain in the past 24 hours. As previously reported, Vladimir Novakovski, CEO of Lighter, is a member of the Innovation Advisory Committee of the U.S. Commodity Futures Trading Commission (CFTC).

Liquid Capital (formerly LD Capital) founder Yilihua stated in a post that he remains bullish, noting the weekend’s minor price adjustment was merely shorts taking advantage of low liquidity to stage a small resistance move, which does not alter the overall trend. He strongly advises against shorting, recommending closing long positions once the price reaches a certain level, as corrections typically occur at periodic stages.