SharpLink: Raised $76.5 Million for ETH Accumulation

On October 16th, as reported by Cointelegraph, on Thursday Bitcoin kept exerting pressure on the crucial support level. Meanwhile, signs of renewed buyer interest began to emerge. Investors purchased Bitcoin at around $110,000 when it dipped. As BTC dropped below $110,000, the order book liquidity on both sides of the price became a point of focus, with the current local low and the $112,300 resistance level being of great significance. Trader and analyst Rekt Capital pointed out that BTC has now filled the "gap" in the CME Bitcoin futures market. When referring to the Relative Strength Index (RSI), Rekt Capital noted a bullish divergence in the price, which might suggest a future upward trend. Crypto analyst Ted Pillows, based on his analysis of market sentiment, believes that the Bitcoin price may be establishing a local support bottom. The on-chain analysis platform Glassnode stated that entities holding 1 to 1,000 BTC are showing a "strong accumulation" signal. Even whales that h

On October 16th, based on HTX market data, Bitcoin exceeded $111,000, with a 24-hour decline of 0.15%.

On October 16th, according to CoinDesk, investment bank Citizens has begun to cover Ethereum treasury company SharpLink Gaming (SBET). It has assigned it a "Outperform" rating and a $50 price target. It is stated that the stock price has a potential upside of more than 200%. Citizens' bullish stance on SBET is based on a long-term optimistic view of ETH price trends. It predicts that ETH will exceed $7,000 by 2026 and may surpass $20,000 by 2030.

On October 16th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), yesterday, the whale address that opened a short position of $140 million in BTC (which previously closed the short and went long) has now accumulated long positions of $156 million in ETH and BTC. The details are as follows: · BTC 5x leverage long position: The position is $77.03 million (699.46 BTC), and the entry price is $110,725.6; · ETH 3x leverage long position: The position is $79.25 million (19,894.21 ETH), and the entry price is $4,037.43.

On October 16th, Federal Reserve Governor Milan declared that when advocating for interest rate cuts, they do not center their attention on asset price bubbles. (Xinhua Finance)

On October 16th, based on HTX market data, Bitcoin fell below $110,000, experiencing a 24-hour decline of 1.77%.