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A giant whale moved 91,945 ETH in one month, yet the contract market is collectively bearish

Since May 26, Wang Chun (@satofishi) has cumulatively withdrawn 91,945 ETH (a total of $160 million) and 973 WBTC ($60.72 million) from Binance. The latest transaction was 4,950 ETH ($7.74 million), just transferred to the wallet.

ETH is currently trading at 1582, and the funding rate has remained negative at -0.003%. Contract traders are collectively bearish, while the whale quietly accumulates on the spot market. The bigger the disagreement, the closer we are to a breakout.

Key levels to watch are 1553 (daily buy point) and 1602 (daily sell point). The current price is hovering right around the pivot point at 1582, within the direction-choice zone. Bulls still have hope as long as 1553 holds; if it breaks, downside space will open up.

In one month, $160 million worth of ETH was moved out of exchanges, reducing circulating supply—yet the price hasn’t moved yet. Smart money acted earlier than you.

$ETH daily sell point: $1602 Daily buy point: $1553
$ETH #ETH $BTC #BTC

BTC 60,000-yuan barrier tightens: whales losing money, institutions scooping up, retail investors have fled

BTC is currently reported at 60,103 USDT, down slightly 0.5% over the past 24 hours. On the surface, it looks calm, but under the surface, strong undercurrents are moving.

Three signals appear at the same time, yet they point in completely opposite directions:

1. SharpLink Gaming dumped $62.43 million over three days to buy 39,196 ETH, as institutions accelerate their accumulation
2. A whale’s BTC long position and an ETH short position with a combined value of $102 million are both showing losses of $3.09 million at the same time—big money is getting slapped on both sides
3. According to Fidelity data, the number of listed companies holding more than 1,000 BTC has doubled year over year, but retail investors are withdrawing from gold and Bitcoin in favor of semiconductor ETFs

Funding rates deliver an even more subtle signal: BTC keeps a positive funding rate of 0.001%, and the bulls still have confidence; the ETH funding rate flips negative to -0.0029%, and shorts are adding. In the same time window, one side leans bullish while the other leans bearish—the market’s disagreement has reached its peak.

In terms of structure, 60,677 above is the daily sell zone for BTC, while 59,572 below is the key support buy zone. The current price is stuck in the middle—within a “direction-to-be-chosen” range. ETH is weaker: pressure is clearly evident below 1,602, and 1,553 is the last line of defense for the bulls.

Escalating tensions in the Middle East remain an additional downside risk—an Iranian Revolutionary Guard warning suggests potential tougher measures against the Strait of Hormuz, while the U.S. Central Command confirms it has struck Iranian targets again. The geopolitically driven risk premium is rising, which is usually unfavorable for risk assets.

One-sentence summary: institutions are scooping up on dips, whales are losing money, and retail is running—three groups, three storylines. It all comes down to who breaks first.

$BTC daily sell zone: $60677 daily buy point: $59572
$ETH daily sell zone: $1602 daily buy point: $1553
$BTC #BTC $ETH #ETH

Grayscale Urges Selling $3B Strategy BTC—Will Bulls’ Faith Crack?

Grayscale research head Zach Pandl publicly stated that Strategy should sell more than $3 billion worth of BTC to cover cash obligations and restore market confidence, rather than raising STRC share dividends by 50 basis points.

Put simply—money you borrowed is hotter than the coins you’ve stacked. Don’t force it.

1. Strategy (formerly MicroStrategy) has always been the biggest “faith buyer” in the BTC market—every quarter it mindlessly buys, a banner for Wall Street’s “corporate coin hoarding” narrative
2. Now even Grayscale, a die-hard institutional insider, is openly recommending clearing out $3B—this signal is worth more attention than the K-line
3. If the sell-off is actually carried out, the $3B sell pressure alone could punch through the 60,000 psychological level
4. It doesn’t have to be sold—because the recommendation itself shows something: Wall Street’s patience for the “mindless hoarding BTC” model is running out

Current BTC is at 59,909, down 0.47% over the past 24 hours. Right on the knife-edge at the 60k level. The funding rate is 0.00127%, almost neutral—both longs and shorts are holding their breath and waiting. But waiting won’t last; a catalyst is needed to pick a direction.

If Strategy really starts to unload: the 60k support likely won’t hold, and the corporate coin-hoarding narrative will face serious doubt. Once retail sentiment loosens, the chain-liquidation playbook could re-run at any moment.

Even if you don’t conclude that it must drop, the fact that Grayscale is out here urging it is, in itself, a snapshot of market sentiment shifting from “faith” to “settling accounts.”

Key levels to watch: 60,677 above is the latest resistance—less than 1% away from the current price. If a rebound to that level can’t hold, downside pressure will increase further. 59,572 below is the first support; if it breaks, look around 58,500.

When the most steadfast institutional buyer is advised by another institution to sell, maybe the “BTC always goes up” story needs an intermission.

$BTC daily sell point: $60677 Daily buy point: $59572
$ETH daily sell point: $1602 Daily buy point: $1553

$BTC #BTC $ETH #ETH

The weekend market looks like a dead pond, but there’s a crocodile lurking beneath the surface.

BTC has been lying around near 60,000 all day, with only $4.47 billion USDT in 24-hour trading. At this level, to put it plainly: institutions are off work, and the rest are just retail traders cutting each other.

A few details are worth savoring:

1. BTC funding rate at +0.002%, basically zero. Both longs and shorts are waiting for the other to make the first move—no one wants to show their hand first.

2. ETH funding rate flips negative to -0.0023%. The shorts are adding positions, and they’ve chosen to go after ETH. ETH is down 0.34%, and the drop is twice that of BTC—weakness is clearly evident.

3. BNB is down 1.36%, the weakest among the three majors. This suggests retail sentiment is deteriorating; it’s not some “healthy pullback.”

Direction: short-term bearish. BTC’s intraday low at 59,820 is today’s bottom line. If it breaks, directly look to 59,572. Any rebound up to 60,677 is today’s ceiling—without volume, it can’t get through.

ETH is even weaker. It has already broken below the 1,580 pivot, with the next stop at 1,553.

Don’t rush to add positions over the weekend. Wait until Monday when Wall Street opens. The biggest feature of a low-volume market is that false breakouts are more common than real ones.

$BTC daily sell point: $60677 daily buy point: $59572
$ETH daily sell point: $1602 daily buy point: $1553
$BTC #BTC $ETH #ETH

Tether moves the $23 billion gold vault onto the lending platform—XAUT is finally more than just decoration

Tether announced that tokenized gold XAUT will be integrated into the crypto lending platform Ledn, with XAUT-backed borrowing services expected to launch in the second half of this year. In simple terms: you don’t need to sell your XAUT—you can use it as collateral to borrow money.

The underlying logic is very clear. Tether’s gold reserves have grown to $23 billion, but XAUT has long been treated as a “safe-haven display item,” with limited real-world use cases. Now that borrowing has been connected, it effectively equips dormant gold assets with a DeFi engine. Ledn previously supported only BTC and USDT as collateral; adding XAUT suggests institutional demand for tokenized gold is heating up.

Back to the broader market: BTC is trading in a tight range around 60,000, down 0.24% over the past 24 hours. The funding rate is close to neutral (0.003%), with both longs and shorts waiting for direction. ETH is performing worse—down 0.55% to 1572—with the funding rate turning negative (-0.0027%), and near-term bearish signals are clear. In this sideways setup, the narrative around gold tokens actually looks more interesting: as BTC volatility compresses, capital starts searching for assets that combine safe-haven characteristics with liquidity.

Key takeaway: once XAUT lending goes live, Tether’s gold ecosystem will form a “hold XAUT → pledge for borrowing → obtain liquidity” loop, which provides structural support for long-term demand for XAUT.

A bit of blunt commentary: Tether has basically turned gold bars into a credit card—gold holders can finally “spend the interest of their gold.”

$BTC daily sell point: $60677 | Daily buy point: $59572
$ETH daily sell point: $1602 | Daily buy point: $1553
$BTC #BTC $ETH #ETH

A $102 million dual-line trap goes wrong: the “perfect hedge” fiasco from the whale

Whale sat0shi777 staged a textbook counter-operation. On June 24, they placed a long BTC position at $62,729 (468 BTC, worth $29.38 million). BTC then broke below the $60k level. Yesterday morning they flipped and opened an ETH short at $1,536 (475,000 ETH, worth $72.94 million)—but ETH also didn’t keep sliding lower.

With a total position size of $102 million: on the BTC side they’re currently up to an unrealized loss of $1.86 million; on the ETH side, an unrealized loss of $1.23 million. Combined, that’s a $3.09 million unrealized loss. Both sides are getting hit—very symmetrical.

BTC is currently at $60,209, with a funding rate of +0.005%. The longs are trying to hold the line, but there isn’t enough trading volume. The 24-hour swing is only a little over a thousand dollars ($59,820–$60,925), which is typical of a period where the market is choosing a direction. The whale’s long-entry cost is $62,729, so BTC needs to rise more than 4% to get them back to breakeven. Given the current 24h trading volume of $4.86B, there may not be enough ammunition for a short-term upside breakout.

ETH is even more interesting: the price at $1,575 is still holding above the whale’s short-entry cost of $1,536. Funding is -0.00495%—the shorts are still applying pressure, but price isn’t cooperating. Negative funding combined with price resistance suggests that the ETH support under this move is stronger than many people expected.

Retail traders lose in one direction and start cursing; the whale loses in both directions at the same time. That’s institutional-level loss, and retail-level pain.

$BTC daily sell point: $60677; daily buy point: $59572
$ETH daily sell point: $1602; daily buy point: $1553

$BTC #BTC $ETH #ETH

A 481M trade volume guards the 60,000 threshold—does the bulls’ confidence really come to this?

Weekend’s standard plot: reduced volume, sideways movement, and pretending everything’s fine.

BTC is hiding around 60,021. In 24h, volume has shrunk to 4.81B, with an amplitude of only 1,100 points (59,820–60,925). With this kind of volume, even poking up to 60,500 feels difficult—let alone breaking out.

ETH is even more honest. 1,570, down 0.2%, and the funding rate is -0.006%. Short positions are paying, which shows the market’s bearish sentiment is so strong that they’re willing to top up money. It can’t even reclaim the 1,581 pivot; below that, 1,553 is the key short-term level—once it breaks, look toward the 1,500 psychological mark.

BNB has fallen the hardest, down -1.78%. The price at 557 is just one step away from the 24h low of 554.6.

The core contradiction in this low-volume weekend session: without volume, there’s no consensus. 60,000 isn’t support—it’s inertia. After the Asia close and the handoff to the US/Europe session, if volume stays looking like this, the daily buy point at 59,572 will soon need to face a real test.

Bias: slightly bearish. For BTC, 60,677 overhead is the daily sell point; a rebound into that area is a window to take profit. Below, 59,572 is the first line of defense—if it breaks, odds are it will head toward 59,000.

$BTC daily sell point: $60,677 Daily buy point: $59,572
$ETH daily sell point: $1,602 Daily buy point: $1,553
$BNB daily sell point: $566 Daily buy point: $552
$BTC #BTC $ETH #ETH

ANSEM 19x in one day—are you in FOMO or just catching the bag?

In the Solana ecosystem, the meme coin ANSEM’s market cap briefly broke through $8 million, with an intraday gain of over 1,900%. It then pulled back to $6.6 million. A token with no real use case that rose 19x in a day—this isn’t called “opportunity.” It’s called “a lottery ticket.”

Let’s look at the broader market backdrop: BTC is currently at $60,546, up only 0.71%, with a funding rate of 0.00536% and bullish leverage staying moderate. ETH is at $1,593, +0.49%. Mainstream markets are relatively calm, yet meme coins have already launched.

So what does that mean? Funds can’t find excitement in the majors, so they’re starting to rush into memes. Every time a meme coin independently surges while BTC goes sideways, it’s a signal of liquidity overflowing—fun in the short term, but usually not very sustainable. Historically, the median duration of independent meme-rally follow-through is about 3–5 days; after that, capital typically exits quickly.

ANSEM dropped from $8 million back to $6.6 million—already giving back 17%. With moves this fast, if retail investors see the news and rush in, it’s basically providing exit liquidity for the early holders.

A bit of harsh truth: by the time you see the news, the coin that already pumped 19x is already 19x too late. The market is educating investors at a pace even faster than meme coins are rising.

$BTC daily line sell point: $61108 daily line buy point: $58662
$ETH daily line sell point: $1612 daily line buy point: $1528
$BTC #BTC $ETH #ETH

Retail investors vote with their feet: $12 billion exits BTC and pours into chip ETFs

Since April, gold and Bitcoin ETFs have cumulatively net outflows of about $12 billion, while semiconductor ETFs have attracted $20 billion in the same period. GLD is down 13%, IBIT is down 12%, SOXX is up 81%, and SMH is up 60%—funds are casting votes with their feet.

BTC is currently quoted at $60,768, up 1.05% on the day. Does it look like it’s stabilizing? But the funding rate is only 0.0035%, and longs don’t even have a decent amount of conviction. The $12 billion outflow from ETF holdings points to one issue: retail investors’ patience has run out. Bitcoin has gone sideways here for two months, while the AI-themed stocks next door have doubled—if you were in the position, wouldn’t you run too?

But there’s a counterintuitive signal here: when everyone believes “BTC is dead and AI is the future,” it’s often an extreme point of sentiment. The $20 billion semiconductor ETF that poured in, and the $12 billion Bitcoin ETF that ran out—who is the smart money and who is the bag-holder may have an answer sooner than you think.

Key levels: resistance at 61,108 (daily R1). If it can’t break through, any rebound is likely just an illusion. Support at 58,662 (daily S1). If it breaks below, expect a new leg lower. With the funding rate approaching 0, both bulls and bears are hesitating; once direction is chosen, volatility will follow quickly.

One-sentence takeaway: Retail investors moving from BTC to AI—this move itself may be a signal that AI is topping in the short term. The rhyme of history won’t be wrong.

$BTC daily sell point: $61108 daily buy point: $58662
$BTC #BTC $ETH #ETH

BTC above 60,000—this time the leverage isn’t in the picture

In the past 24 hours, +2.4%, jumping from 58,979 straight to 60,580. ETH is even more aggressive at +3.3%. Looks like everything’s booming? Hold on—

Funding rate is 0.0028%, almost flat.

What does that mean? This move isn’t a leverage-driven bull run. There aren’t excessively crowded long positions, which means there’s no ticking time bomb of cascading liquidations overhead. This rally is driven by spot demand, and its sustainability is far better than a leverage-led pump.

But don’t rush to chase. 61,108 is the first sell point on the daily chart; it’s a tightly packed area of short-term profit-taking. A breakout needs volume confirmation—otherwise it’s just a fakeout designed to lure longs. For pullbacks, watch support around 59,000–58,662; as long as it holds, the bullish structure remains intact.

ETH is outperforming the broader market today. It’s only one “body length” away from the daily sell point at 1611 (currently 1585). The ETH/BTC ratio shows signs of stabilizing, and altcoins may be building up momentum.

The air above 60,000 feels especially fresh—because leverage has already been cleaned out.

$BTC daily sell point: $61108 daily buy point: $58662
$ETH daily sell point: $1611 daily buy point: $1527
$BTC #BTC $ETH #ETH

The US government may lift restrictions on Anthropic Fable 5—crypto market watches AI model progress
📰 Crypto Evening News | 2026-06-27 21:00

🔥 Major Events
1. The US government may lift restrictions on the Anthropic Fable 5 model as early as next week— the Trump administration is nearing approval for Fable 5 access to be restored.
2. Strategy valuation falls below the value of Bitcoin holdings—mNAV dips below 1 for the first time, drawing market attention.

📊 Market Data
3. Gate lists CAP (Cap) perpetual contract trading—supports 1–20x leverage.
4. BTC 24-hour trading volume reaches $939 million—price at $60,393.9, up 2.073%.

🏛️ Regulatory Policy
5. The Trump administration and Anthropic cooperate to address model safety issues— the Secretary of Commerce confirms the cooperation in a letter.

💡 Project Updates
6. Israel may end the conflict loop—geopolitical risk remains in focus.

📊 Market Overview: BTC 60393.9 USD (+2.073%) funding rate 0.003963%
📍 Daily buy/sell levels: $BTC daily sell point $61108 | daily buy point $58388 / $ETH daily sell point $2690 | daily buy point $2580 / BNB daily sell point $575.64 | daily buy point $555.43

$BTC #BTC $ETH #ETH

BTC holds the 60,000 threshold, can the bulls hold on during the night session?

Today, BTC surged strongly from its intraday low at 58,388, reaching a high of 60,580 and closing around 60,305, up 1.54%. Trading volume was $1.071 billion, and the funding rate was +0.0047% (slightly positive), with the bulls holding a modest edge.

ETH also gained in tandem, rising 2.49% and breaking above 1,582. BNB rose only 0.77%, showing relatively weaker performance.

All-day review: Price successfully reclaimed the daily PP at 59,698. During the night session, liquidity declined, so be cautious of a potential false breakout followed by a pullback.

Market direction: Data leans bullish. For the short term, watch whether R1 at 61,108 can break through. If it falls below S1 at 58,662, the bearish signal becomes clear.

Night session / next-day outlook: With the weekend effect, the night session will most likely see mild consolidation. Whether the upward move can continue after the next day’s U.S. market open is the key.

$BTC daily sell point: $61108 daily buy point: $58662
$ETH daily sell point: $1612 daily buy point: $1528
$BNB daily sell point: $576 daily buy point: $555
$BTC #BTC $ETH #ETH

Giant Whale: 2.9 Million XRP Tenfold Short Liquidation Into HyperLiquid

A newly created wallet deposited 630,000 USDC into HyperLiquid, turned around and opened a 2.9 million XRP ten-times leveraged short position. Brand-new wallet, full allocation in a single coin—either they’re not paying attention (or it’s an intelligence/insider thing) or they’re here to hand out money.

XRP is currently at 1.0552, up 2.86% in the past 24H, with a funding rate of -0.009%. The price just happened to hit the daily sell zone at 1.0664 and got rejected back. The longs don’t even want to pay the premium. The spot bid looks pretty weak. Downside risk is increasing: 1.0191 is the daily buy zone—if it breaks, look for 1.01. With ten-times leverage, XRP would need to rise about another 10% to around 1.16 to close out (unwind) this short.

BTC’s direction around the 60k level is unclear. As a high-beta asset, XRP will fall much faster than it rises if the broader market turns.

One sentence: a newly created wallet uses a ten-times short to bet on a single coin—this isn’t trading, it’s performance art. But even performance artists can make money sometimes.

$BTC daily sell point: $61108 daily buy point: $58662
$XRP #XRP $BTC #BTC

5x leverage underwater loss of $20.4 million; BTC at the $60,000 level enters a tug-of-war between bulls and bears

Garrett Jin’s 5x leveraged BTC long position is showing an unrealized loss of over $20.4 million. Google’s former tech executive Patrick Shyu liquidated his position and left the market, shouting, “Bitcoin is over.” CoinGecko data shows that on Pump.fun, 80% of tokens don’t survive more than a day—this morning’s macro backdrop is clearly seeing bear-side volume surge.

BTC is currently trading at $60,393, up only 0.55% in the past 24 hours. The funding rate is 0.006%, effectively near zero. Price is above $60,000, but the bulls show zero appetite to press higher—a classic weak rebound structure. The daily sell trigger at 61,108 is the short-term ceiling; if it can’t be broken, price is likely to pull back to the buy zone at 58,662.

Data skews bearish: a funding rate near zero indicates leveraged longs are retreating, and Pump.fun’s high “death rate” suggests speculative capital is running out. And Garrett Jin’s $20 million unrealized loss is a vivid example of doubling down against the tide. If support around the 58,000 area gets broken, his liquidation could trigger a chain reaction.

A bit of sarcasm: in every cycle, someone shouts “Bitcoin is over,” but what truly ends is always those people who load up on leverage and still think they’re the main character.

$BTC daily sell trigger: $61108 daily buy trigger: $58662
$ETH daily sell trigger: $1612 daily buy trigger: $1528
$BTC #BTC $ETH #ETH

XRP ETF pulls in 15.63 million in a single day; institutions and whales tug-of-war

Yesterday, US spot XRP ETFs saw a total net inflow of $15.63 million, with Bitwise alone accounting for $11.66 million. On the other side, a newly created wallet deposited 630,000 USDC into HyperLiquid and immediately opened a 10x leveraged short position for 2.9 million XRP.

Institutions are buying; whales are shorting; in between, retail traders are shaking.

Bitwise’s historical total net inflow into the XRP ETF has reached $493 million. Franklin XRPZ also saw a net inflow of $3.97 million yesterday. The ongoing net inflows from institutional players are directly tied to the compliance clarity following the SEC vs. Ripple case resolution—configuration-oriented capital is steadily moving in.

But don’t celebrate too soon. A 10x leveraged heavy bet against XRP suggests that the consensus around heavy sell-side pressure above remains strong. BTC is consolidating around 60,400 today, with a daily move of -0.27%. The funding rate is approaching the zero line, and the bulls haven’t provided a clear direction. Once BTC breaks below the 58,662 daily buy point, downside room for altcoins can open up quickly.

Continuous ETF net inflows are a medium-to-long-term narrative, while leveraged shorts are short-term positioning. If BTC holds steady at 60,000, shorts are likely to get liquidated and the ETF buying effect could be amplified. If it fails to hold, the $15.63 million daily inflow won’t be enough to fill the pit of panic selling.

One sentence, cutting sarcasm: institutions use ETFs to slowly drain in liquidity, while whales use leverage to bet on your panic—caught in the middle are the people who don’t understand what’s going on.

$BTC daily sell point: $61,108 daily buy point: $58,662
$ETH daily sell point: $1,612 daily buy point: $1,528
$XRP #XRP $BTC #BTC

A giant whale made $3.27 million out of thin air, then immediately added to its position with a $70 million short—this is something you can’t learn.

It shorted $165 million and profited $3.277 million by closing the trade, then on the same night opened a new $70.76 million short. The whale currently holds 912.93 BTC short contracts (worth $54.98 million) and 10,000 ETH shorts (worth $15.83 million). Its BTC entry price was 59,137 and its ETH entry price was 1,532; it is currently down $1.418 million on paper.

Translation: at the BTC 59,000 and ETH 1,530 levels, it chose to go short. Now BTC is 60,200 and ETH is 1,578—so it’s trapped.

But don’t rush to mock it. This guy just came out of the $165 million short position with a $3.27 million gain, which suggests he isn’t gambling—he has a strategy. A floating loss of $1.41 million might just be “fees” to him.

Key data: BTC funding rate +0.0036% (the longs are paying); market sentiment is leaning bullish but not wildly so. ETH funding rate -0.001% (the shorts are paying); longs and shorts are in a tug-of-war. In the past 24 hours, BTC spot trading volume was $13.48 billion and ETH was $8.14 billion—liquidity is plenty.

The whale’s logic might be this: above the 60,000 integer level there’s limited upside. The resistance at 60,734 is the 24-hour high; if it can’t break higher, then a retest of the daily buy point at 58,662 is just a matter of time.

ETH is even more interesting—the whale’s ETH short entry at 1,532 lines up right around the daily buy zone near 1,527. That’s a precise short opened at support, betting on a breakdown.

But ETH is up 1.3% today—stronger than BTC—so short-term momentum favors the bulls.

One-sentence summary: the whale used $70 million to tell you it doesn’t believe 60,000 can hold. The market, for now, doesn’t agree.

$BTC daily sell point: $61108 daily buy point: $58662
$ETH daily sell point: $1612 daily buy point: $1528
$BTC #BTC $ETH #ETH

Weekend volume contraction to 60,000—do you really think this is a reversal?

BTC is up 0.5% today, touching 60,214. It looks like stabilization, right? But the 24h trading volume is only $13.6B—less than half of a weekday. This weekend-volume-squeezed rally plot is something I can recite with my eyes closed—thin liquidity means small amounts of capital can move the price. Once Monday opens the floodgates and volume expands, the story changes.

ETH, on the other hand, is putting on a strong show. It’s up nearly 2% to 1,579, but the funding rate is negative (-0.006%). Shorts are paying to maintain positions, yet the price is still being pushed up. The sustainability of this “short-squeeze style” rally is questionable. Once the shorts have fully covered, who will take the last baton?

BNB is holding around 565. A 0.76% gain is barely noticeable. Trading volume is just $31M—pretty much in weekend hibernation mode.

Direction: bearish. A weekend volume-contracted bounce is a classic bullish trap signal.

Key levels:
BTC resistance above 61,108 (R1) is the watershed. If it can’t hold above that, downside risk increases. A break below 58,662 (S1) could run toward the 58,388 intraday low.
For ETH, watch support at 1,528—if that breaks, look for 1,520.

Without volume confirmation, any rally is just playing around.

$BTC daily sell point: $61,108 Daily buy point: $58,662
$ETH daily sell point: $1,612 Daily buy point: $1,528
$BNB daily sell point: $576 Daily buy point: $555
$BTC #BTC $ETH #ETH

SharpLink 880,000 ETHs in floating loss of 1.7 billion: “More money doesn’t mean you’ll be good at buying”

In just two days, it bought another 10,000 ETH ($157.3 million). Its total holdings now reach 886,300 ETH, worth $1.4 billion. But the floating loss has already exceeded $1.7 billion—the cost basis is around $3,500. ETH’s current price is $1,581, and it’s down by about half (and a bit more).

This is the “value” of a “digital-asset treasury company”: take positions at the top, then call it “long-term strategic allocation.” Ripple’s CEO said Saylor’s Bitcoin financing model is “financial engineering”—and the same thing fits ETH perfectly.

That said, the short-term data is a bit interesting. ETH is up 3.2% today. The funding rate is slightly negative (-0.000003%): shorts are paying longs. With the price rising and the funding rate negative, the short-term picture tilts bullish.

The key levels to watch on the daily chart: sell point at 1611, buy point at 1527. A breakout above 1611 opens the $1650 range; if it falls below 1527, it could return to the psychological $1,500 level.

SharpLink’s money can last a long time, but yours might not—don’t chase the mirage of being “in the same trade” as a giant whale.

$ETH daily sell point: $1612 daily buy point: $1528
$ETH #ETH $BTC #BTC

A $1.7B unrealized loss and they’re still疯狂加仓—does SharpLink really believe, or are they just swimming in money?

SharpLink Gaming just spent another $7.88 million to buy 5,000 ETH. In the past two days, they have added a total of 10,000 more ETH. They now hold 886,300 ETH, with a paper value of $1.4 billion and an unrealized loss of over $1.7 billion.

$1.7 billion. Not $17 million—$1.7 billion.

This isn’t investing; it’s gambling. And it’s the kind where, after losing $1.7 billion at the card table, they go back for more chips.

What’s even more interesting: a newly created wallet, 0x643, also bought 9,050 ETH from FalconX, worth $14.31 million. The two transactions happened almost at the same time—the timing is highly synchronized. You judge, you analyze.

ETH is at $1,576, up 1.3% over the past 24 hours. Looks okay, right? But the funding rate is negative (-1.51e-06), which means there are more traders shorting via the derivatives market than going long. Spot buyers are propping things up, but futures players are betting in the opposite direction.

SharpLink’s cost basis is clearly far above the current price. If 880,000 ETH were forced to be liquidated, the sell pressure from 1.78 million ETH would directly smash the market—Ethereum wouldn’t even be able to hold 1,000.

This isn’t alarmist. When the unrealized loss of a listed company reaches the $1.7 billion level, creditors and shareholders won’t give you the luxury of “holding long term.” Liquidation is only a matter of time.

Another warning sign: they’re using a “buy more as it falls” strategy to average down, but ETH is already down a considerable amount from its intra-year highs. If it breaks below 1,500, SharpLink’s unrealized loss could balloon rapidly, and a Margin Call could come knocking at any moment.

Data doesn’t lie: the ETH funding rate has turned negative, the price is seeing a short-term rebound—but the big whales are only passively taking in supply, not actively building positions. This kind of structure usually signals that after the bounce ends, there’s likely a second leg down.

$ETH daily line sell point: $1612 Daily line buy point: $1528
$ETH #ETH $BTC #BTC

After repeatedly tug-of-war around the 60,000 mark, is this amount just playing around?

BTC’s 24-hour swing is close to 4% (58288-60734), yet it bounced back near 60,000 and then started pretending to be dead. The funding rate is 0.00396%, and even longs don’t have the courage to add leverage—so is this really a rebound?

Trading volume is 16.7 billion. It looks like a lot, but compared with last month’s volatile period it’s down a notch. ETH is more telling: at a price of 1574, its intraday range is 1511-1595 (about 5.5%), but it only rose 0.9%—there’s clearly more overhead selling pressure than buying interest below.

BNB did show some backbone, leading the three major coins with +1.3%, but with only 0.36 billion in volume it doesn’t mean much. More likely it’s a technical repair after following down but not following up.

As for direction: short-term is bearish. BTC is repeatedly grinding around the 60,000 psychological level; volume is insufficient and long-side confidence is weak. Watch whether 58662 (S1) can hold today—if it breaks, then look at the 58288 prior low. 60734 is the 24h high; before it’s broken, don’t talk about a reversal.

For ETH, also watch 1527 support—once it breaks down and gives way, the 1500 integer level will be fully opened up.

Remember: a rebound on shrinking volume isn’t a rebound—it’s time for shorts to rotate.

$BTC daily sell point: $61108 daily buy point: $58662
$ETH daily sell point: $1611 daily buy point: $1527
$BNB daily sell point: $575 daily buy point: $555
$BTC #BTC $ETH #ETH