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Analyst: Bitcoin May Be Forming a Bottom; the 200-Week SMA Once Again Becomes a Key Observation Level

Analyst Ali Charts believes that Bitcoin is currently in a historically significant long-term accumulation zone. He points out that the 200-week simple moving average has historically served as a key demarcation line between Bitcoin’s bull and bear cycles; regaining and holding above this level could signal the early stage of a new bull market.

Vitalik Transfers 7,000 ETH from Associated Addresses, Possibly Depositing to CEX

According to on-chain monitoring, a wallet associated with Vitalik transferred 7,000 ETH to a new address. Based on historical transaction records, this batch of ETH may subsequently be deposited into centralized exchanges.

Wallet linked to Vitalik transfers 7,000 ETH to new wallet, worth $11.06 million

according to Onchain Lens monitoring, after a year, a wallet (0xD04...fd7) linked to Vitalik transferred 7,000 ETH, worth $11.06 million, to a new wallet. This may be for deposit into a centralized exchange, similar to previous operations.Previously, this wallet had transferred 1,300 ETH, worth $3.19 million, which was later deposited into Paxos. The wallet currently holds 20,001 ETH, worth $31.6 million.

Serenity: OpenAI will launch GPT-5.6 Sol on Cerebras; CBRS position established

Serenity stated that OpenAI will launch the GPT-5.6 Sol model on Cerebras hardware in July, viewing this as a significant validation of Cerebras’ technology, and revealed that it has begun purchasing CBRS stock.

Spot Bitcoin ETF outflows hit $691 million, Bitcoin falls to $59,400 as options expiry approaches

the price of Bitcoin fell to around $59,400 today. On Thursday, spot Bitcoin ETFs in the U.S. saw net outflows of nearly $691 million, marking the largest single-day outflow since May 27.At the same time, approximately $10.6 billion worth of Bitcoin options are set to expire on Friday. Over the past 24 hours, the total value of liquidated leveraged cryptocurrency positions across exchanges exceeded $1.1 billion, with long position liquidations reaching $875 million. Bitcoin is currently down about 53% from its all-time high of $126,080 set in October 2025. Its price fluctuated between $58,189 and $60,724 over the past 24 hours, bringing its total market capitalization to around $1.18 trillion. (decrypt)

Yesterday, Bitcoin ETFs saw net outflows of $444.5 million, while Ethereum ETFs experienced net outflows of $12.8 million.

U.S. spot Bitcoin and Ethereum ETFs continued to experience net outflows yesterday, with Bitcoin ETFs seeing approximately $444.5 million in net outflows and Ethereum ETFs recording $12.8 million in net outflows.

After closing a short worth $165 million and taking a profit of $3.277 million, a whale has opened another short position worth $70.76 million.

according to monitoring by on-chain analyst Ai Yi, after closing a short position worth $165 million and taking a profit of $3.277 million, a whale opened another short position worth $70.76 million the same night. The whale currently holds short positions on 912.93 BTC ($54.98 million) and 10,000 ETH ($15.83 million), with entry prices of $59,137 and $1,532 respectively, resulting in an unrealized loss of $1.418 million.

“BTC OG Insider Whale” Agent Shorted ZEC Again; Bitcoin Long Positions Suffered Floating Losses Exceeding $20 Million

According to on-chain monitoring, Garrett Jin has again placed a $21.73 million short position in ZEC; part of it has already been executed. Meanwhile, his long BTC position is currently underwater by over $20 million.

A dormant whale sold 5,671 ETH, cashing out approximately $8.938 million in USDS.

According to Onchain Lens monitoring, the dormant whale address “0x064,” inactive for approximately two years, has recently reactivated and sold 5,671 ETH at a price of roughly $1,576 per ETH. This transaction yielded approximately 8.938 million USDS.

DRAM ETF has included GigaDevice in its holdings, with a weight of 2.91%

According to public information, the Roundhill Memory ETF (DRAM) has included GigaDevice in its holdings, with a weight of 2.91%. Jukan, an analyst at Citrini Research, stated that GigaDevice is regarded as the parent company or an affiliated entity of China's DRAM manufacturer CXMT. The Roundhill Memory ETF primarily focuses on the global memory chip supply chain, with core holdings including major global memory chip companies such as Samsung Electronics, Micron Technology, and SK hynix.

Patrick Shyu, former Google tech lead, says he has sold all his crypto assets.

Patrick Shyu, former Google tech lead, says he has sold all his crypto assets.

Grayscale HYPE Spot ETF to stake approximately $114 million worth of HYPE

According to on-chain analyst Yujin’s monitoring, Grayscale’s HYPE spot ETF deposited 1.77 million HYPE tokens into the staking contract approximately five hours ago, valued at around $114 million at current prices.

Ripple CEO Criticizes Saylor's Bitcoin Funding Strategy, Calls STRC Discount a "Severely Negative Signal"

Odaily Ripple CEO Brad Garlinghouse criticized Strategy and its Chairman Michael Saylor's Bitcoin purchasing funding model during a CNBC interview on Friday, stating that "financial engineering cannot create long-term value" and that the long-term value of digital assets should ultimately be driven by real-world utility.Garlinghouse said the Saylor team is not focused on the right direction and believes this approach has already harmed the overall crypto market. He also emphasized that he remains bullish on Bitcoin but opposes Strategy's strategy of continuously adding BTC positions through complex funding structures.His criticism was primarily directed at Strategy's model of issuing preferred stock to fund Bitcoin purchases. STRC is one of the preferred stocks issued by Strategy, carrying an annual dividend obligation of 11.5%. Recently, STRC traded at a discount of approximately 25% to 26% compared to its $100 face value. Garlinghouse described this performance as a "severely negative assessment" of Strategy's approach.

Base experiences second mainnet outage in two days, now restored

Base experienced an abnormal block production issue on its mainnet for the second time in two days. According to the official status page, the incident occurred at 15:33 UTC. The team subsequently confirmed the problem and resumed block production at 16:11 UTC.Base stated that node operators need to restart their Base mainnet nodes to re-synchronize.The symptoms of this incident are similar to the outage from the previous day. On Thursday, Base experienced an abnormal block that prevented the Sequencer from building new blocks, resulting in a network halt lasting approximately two hours. Although user funds were not affected, withdrawal services were temporarily disrupted.Officials stated that this incident was also characterized by a chain halt, sharing similar features with the previous day's event. The network has now resumed operations.

Eight-Year ETH Whale Completes Full Exit Today, Sells 37,598 ETH for $27.53 Million Profit

According to on-chain analyst Ember (@EmberCN), a major whale who held ETH for eight years fully liquidated their position today. This whale received 37,602 ETH (valued at approximately $31.16 million at the time) in February 2018 at an average price of ~$829 per ETH and had not sold any ETH during the eight-year period. Today, they sold their holdings in two batches: the first batch consisted of 17,598 ETH sold for 27.245 million USDS (average price: $1,548 per ETH); subsequently, they sold the remaining ~20,000 ETH entirely for 58.69 million USDS (average price: ~$1,561 per ETH). The whale’s total profit amounted to approximately $27.53 million, representing an ~88% gain.

Machi Big Brother: We Need More Tom Lee

Machi Big Brother (Jeffrey Huang) posted on X platform: "We need more Tom Lee. I'm only 8% away from being liquidated."It is reported that Machi Big Brother has sold one BAYC and used the proceeds to add margin and increase his position. He currently holds 1,052.9204 ETH in a 25x long position on Ethereum, with a liquidation price temporarily reported at $1,538.

After closing a position for a $4.4 million profit, a whale reopened a position—shorting $70.2 million worth of BTC and ETH with 20x leverage.

According to on-chain analytics platform Lookonchain (@lookonchain), a whale who previously shorted BTC, ETH, and SOL with 20x leverage over the past four days—earning $4.4 million—has re-entered the market after closing that position, opening new 20x-leveraged short positions: 912.9 BTC (approximately $54.55 million) and 10,025 ETH (approximately $15.65 million), totaling a short exposure exceeding $70 million.

A whale that shorted BTC/ETH/SOL 4 days ago and made $4.4 million in profit has doubled down with 20x leverage on shorting BTC and ETH again

According to Lookonchain monitoring, a whale who previously shorted Bitcoin, Ethereum, and Solana with 20x leverage has fully closed all positions after holding for 4 days, accumulating a profit of approximately $4.4 million. Subsequently, the address quickly re-entered the market to establish new high-leverage short positions: shorting 912.9 BTC (approximately $54.55 million); shorting 10,025 ETH (approximately $15.65 million).

Today U.S. Bitcoin ETFs saw a net outflow of over 10,000 BTC, while Ethereum ETFs recorded a net outflow of 46,391 ETH

according to Lookonchain monitoring, U.S. Bitcoin ETFs recorded a net outflow of over 11,205 BTC today, with a 7-day net outflow of 22,038 BTC; Ethereum ETFs saw a net outflow of 46,391 ETH, with a 7-day net outflow of 148,620 ETH.

Analysis: Inflation Suppresses Rate Cut Expectations; Bitcoin Cycle Bottom Is Still Far Off

According to The Block, the U.S. May core PCE inflation data—coming in higher than expected at a 3.4% year-on-year increase, the highest since October 2023—further dampened market expectations for near-term Federal Reserve rate cuts. As a result, Bitcoin dropped to an intraday low of $58,000 on Thursday, marking its lowest level since late 2024, and is currently trading sideways around $59,000. U.S. spot Bitcoin ETFs recorded net outflows for six consecutive trading days, with a single-day net redemption of $696 million on June 25. Spot Ethereum ETFs also saw net outflows for six straight days, with $81.9 million flowing out on the same day. Analysts noted that Bitcoin’s dominance remains near 55%, indicating capital rotation toward high-quality assets rather than broad-based withdrawal. Ki Young Ju, CEO of CryptoQuant, stated that Bitcoin’s 4-year rolling realized price risk/reward ratio has yet to reach historical cycle lows, suggesting the asset may not have approached the bottom of this cycle.