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Bitcoin-holding addresses plummet by 670,000, bullish or bearish?
Bitcoin-holding addresses plummet by 670,000, bullish or bearish?

Share link:In this post: Bitcoin addresses with balances greater than zero have plummeted by 670,000 over the past month. Santiment , a blockchain analytics firm, believes this could be a bullish signal. Bitcoin whale wallets added 1.45 million BTC this year.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified pr

Cryptopolitan·2024/07/18 12:37
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  • 18:43
    The Wall Street Journal: Trump Administration May Cut Tariffs on China by More Than Half
    According to The Wall Street Journal, citing informed sources, the Trump administration is considering a significant reduction in high tariffs on Chinese imports, with cuts potentially exceeding half in some cases. Sources state that Trump has not yet made a final decision, discussions are ongoing, and multiple options are being considered.
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    Analysis: MSTR March Trading Failure Amounts to $180 Million, Increasing Short Squeeze Risk
    According to TechFlow, citing data from CoinDesk, the SEC, and Fintel, more than 609,000 shares of MSTR stock failed to settle in March, with a nominal value exceeding $180 million. On March 26 alone, the failed transaction amount surpassed $63 million, highlighting ongoing settlement issues related to short activities. This may indicate significant market volatility ahead. Data shows that short positions in MSTR stocks remain high, with around 29 million shares shorted as of April, accounting for over 12% of all publicly traded shares. Additionally, on April 22, about one-third of the MSTR trades were short sales conducted in private venues like dark pools, making it difficult for the public to track short selling activities in real-time. With the stock price having risen 35% since early March, shorts may be forced to buy back shares to cover positions, potentially triggering a "short squeeze."
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    Ethereum Mainnet to Execute Pectra Upgrade on May 7
    According to Jinse, Tim Beiko, the Ethereum Foundation's protocol support lead, stated that the Pectra upgrade will be live on the mainnet on May 7, with an expected epoch height of 364032. It is reported that Pectra introduces EIP-7702, allowing standard Ethereum accounts (EOAs) to extend smart contract functionality, supporting use cases such as batch transactions, gas sponsorship, and social recovery. For stakers, Pectra introduces a feature to increase validators' effective balance.
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