1. $BTC fell directly from a high of nearly 103,000 to 96,000, showcasing extreme market behavior in the 95,000 to 105,000 range.
Currently, long positions have been mostly liquidated, with only a small amount remaining. A drop below 95,000 will liquidate the last long position of 700 million, while a rise above 103,000 will liquidate 3.2 billion in short positions.
There are no particularly negative news impacting the market; it seems more like a deleveraging operation that kills both longs and shorts.
2. $ETH's well-known swing trader has made a substantial profit on their first short trade but has not yet closed the position; this is their 25th attempt.
The results of the previous 24 trades were 19 wins and 5 losses, all being long trades.
This time, they shorted 21,619 $ETH at an average price of $3,458, almost wagering their entire fortune.
This is the whale's first short trade, with a maximum floating loss of $5 million, nearly 70% of their total profits, close to going back to square one.
3. MicroStrategy has bought an additional 1,071 $BTC at an average price of $94,004.
MicroStrategy currently holds 447,470 $BTC, with an average price of $62,503, accounting for 2.13% of the total Bitcoin supply.
MicroStrategy typically purchases through OTC methods rather than trading directly on exchanges.
4. The NYSE-listed company $KULR is following MicroStrategy's lead, announcing a Bitcoin treasury strategy to use 90% of its cash to buy $BTC.
On the 6th, it made its second purchase and currently holds 430.6 $BTC at an average price of $97,537.
