A crypto whale sold 871,000 HYPE tokens over the past six hours, worth approximately $64.82 million.

According to monitoring by Farside Investors, Bitcoin ETFs posted a net inflow of $606.3 million yesterday, while Ethereum ETFs recorded a net inflow of $219.5 million.

According to monitoring by Onchain Lens, the government of the Kingdom of Bhutan has transferred 490.87 BTC to a newly created wallet, with the transfer valued at approximately $32.74 million.

Ripple is backing a new institutional credit fund, which will partner with lending platform Clearpool and credit management firm Cicada Partners to offer working capital loans to fintech and payment companies using Ripple-issued stablecoin RLUSD on the XRP Ledger. Per disclosures, the fund will disburse loans denominated in RLUSD. Cicada Partners will source borrowers, set loan terms and manage credit risk; Clearpool will build the infrastructure for creating and managing lending pools; Ripple is participating as one of the investors, though its exact investment size has not been disclosed. The product is not yet live on the XRP Ledger mainnet. Ripple will participate as a limited partner, with the same terms as other investors, and does not assume loan loss guarantee obligations. Borrowers will receive and repay loans in RLUSD, which will boost demand for the stablecoin while bringing lending activity to the XRP Ledger.

According to monitoring by Onchain Lens, Morgan Stanley’s MSBT Bitcoin ETF has withdrawn 146.15 BTC from Coinbase Prime, valued at approximately $11 million.

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.

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.