CryptoQuant CEO: A 30% Pullback is Very Typical During a Bitcoin Bull Market

On February 27th, according to the data from Alternative.me, the cryptocurrency fear and greed index today dropped to 10, reaching a new low since July 2022. This indicates that the market still remains in an extremely fearful state.

On February 27th, according to the monitoring of ai_9684xtpa, a certain Ethereum whale/institution has sold 8074 ETH within the past 13 hours. The total amount sold is $19.63 million, and the average selling price is $2431.

On February 27th, as per the monitoring of Onchain Lens, a whale on the Hyperliquid platform that took a short position on ETH with a leverage of 50x is currently enjoying a realized profit of around $62.4 million.

On February 27th, ChatGPT's developer, OpenAI, recently announced that the company has banned and removed accounts of North Korean users suspected of using its technology for malicious activities such as surveillance and propaganda manipulation. OpenAI pointed out in a report that these activities are ways in which authoritarian regimes may use AI technology to exert control over the United States and its own people. The company also stated that they use AI tools to detect such malicious operations. OpenAI did not disclose the specific number of banned accounts or the time frame of the relevant actions. In one case, malicious actors possibly related to North Korea used AI to generate fake job applicants' resumes and online profiles in a fraud scheme to apply for positions at Western companies. Additionally, there was a group of ChatGPT accounts suspected of being involved in Cambodian financial fraud, using OpenAI technology to translate and generate comments on social media and comm

On February 27th, the DePIN project Shaga within the Solana ecosystem completed a seed round of financing amounting to $4 million. This was led by IOSG Ventures and involved participation from Everyrealm, Amber Group, and several angel investors. Shaga is transforming the gaming industry by breaking through hardware limitations, providing ultra-low latency, and aiming to make high-performance gaming accessible. It was previously reported by BlockBeats that on June 25, 2024, Shaga completed an angel round of financing worth $1 million. Arca led this round, and it also involved participation from MARIN DIGITAL VENTURES, Skybridge20 Ventures, Aurory, Quotient Ventures, as well as Solana co-founder Anatoly Yakovenko and Helium founder Amir Haleem and other angel investors.

February 27th: On Wednesday, Trump held the inaugural cabinet meeting. He confirmed the scheduled implementation of tariffs on Canada and Mexico and claimed to impose a 25% tariff on the European Union. Additionally, U.S. new home sales in January dropped to a three-month low, further indicating signs of weak consumer demand. The combination of the tariff policy and poor consumption data has raised concerns in the market regarding the economic growth outlook. According to 4E monitoring, U.S. stocks initially witnessed a broad-based surge. However, they fell from their intraday highs under the influence of Trump's tariff remarks and ended the day in a mixed manner. The S&P 500 index, which had been declining for four consecutive days, and the Nasdaq rose slightly by 0.01% and 0.26% respectively, while the Dow fell by 0.43%. The majority of tech stocks rose, with Nvidia leading the way by more than 3% ahead of its earnings report. After the U.S. market closed, Nvidia's fourth-quarter ea