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On July 14, according to BIT (bit.com) market data, U.S. software and IT services company stocks tumbled after International Business Machines Corporation (IBM) posted earnings that missed analyst exp

U.S. Software Stocks Tumble as IBM's Disappointing Earnings Raise Investor Concerns

The UK’s tax authority announced that it planned to treat “certain disposals” related to cryptocurrency lending and liquidity pools as transactions that would effectively defer the country’s capital g

UK government defers capital gains on certain crypto with ‘no gain, no loss’ approach

HTX Invites You to Share 600K USDT in Gift PacksPost To Earn BonusHTX Creation Challenge — Post and Win 1,500U 💥Ethereum falls to $1.7K – Will a $153 mln whale push help ETH bounce back?After failing 

HTX Invites You to Share 600K USDT in Gift Packs

HTX  Creation Challenge — Post and Win 1,500U 💥

Ethereum falls to $1.7K – Will a $153 mln whale push help ETH bounce back?After failing to hold $1.8k, Ethereum [ETH] has continued to hover around $1.7k. As of this writing, ETH traded at $1748, after rising slightly by 0.68% on the daily charts.

Interestingly, this market pullback has created a perfect buying opportunity, especially for high-net-worth investors.

Ethereum whales are aggressively accumulatingAmid extended sideways movement, whales have continued to accumulate. According to Onchain Lens, a whale withdrew 30.01K ETH, worth $52.84M, from Coinbase Prime to a new wallet.

Lookonchain reported two more accumulating whales. According to the monitor, a newly created wallet withdrew 8,239 ETH, worth $14.5 million, from multiple exchanges.

The other whale purchased 11,843 ETH worth $20.8 million. These two whales accumulated 20,082 ETH worth $35.3 million. Finally, a wallet withdrew 37,000 ETH, worth $65.66 million, from Gemini and then staked it in batches to the Eth2 Beacon Chain.

In total, these four whales purchased 87,083 ETH worth $153.8 million. Whales aggressively piling in during this period of market weakness signals confidence in market prospects.

Furthermore, exchange activity has echoed this whale accumulation spree. In fact, whales have significantly absorbed the available supply on CEXs.

Meanwhile, the Exchange Supply Ratio dropped back to the 2016 level of 0.129 at press time.When the ESR drops to such low levels, it implies that more assets have flowed out of exchanges than into them.

Often, such market activity reduces supply while increasing scarcity. Rising scarcity has historically preceded stronger upside price movement.


Ethereum falls to $1.7K – Will a $153 mln whale pu

$PEOPLE REACHES SUPPLY ZONE – SHORT SETUP IN PLAY 🔥 Entry: 0.00539 - 0.00551 🔥 Target: 0.00518 🚀 Stop Loss: 0.00593 ⚠️ The recent bounce just pushed $PEOPLE into a supply zone that has rejected price 

Considering the current momentum, $OGN is positioning itself similar to a sprinter at the starting line, poised for a rapid ascent. $OGN - LONG🟢 Entry: 2.567 SL: 2.522 TP1: 2.5895 TP2: 2.612 TP3: 2.63

$OP 🚀 Optimism is scaling Ethereum for the next generation of onchain applications. With the open-source OP Stack, developers can build fast, secure, and customizable Layer 2 chains while benefiting f

😭😭😭😭😭😭😭😭😭😭😭😭😭😭😭 What should you have bought 5 years ago instead of Ethereum? While Ethereum’s price dropped from $2,500 to $1,750, collectible cards, LEGO sets, sneakers, gold, and cocoa delivered sig

The UK government has unveiled plans to defer Capital Gains Tax [CGT] on certain crypto asset lending and liquidity pool transactions. It marks a significant change to how digital asset users are taxe

UK to defer Capital Gains Tax on qualifying crypto lending and liquidity pools from 2027

HTX Invites You to Share 600K USDT in Gift PacksPost To Earn BonusHTX Creation Challenge — Post and Win 1,500U 💥Strategy Changes Bitcoin Move, Support Comes from Wall Street! Here Are the DetailsStrat

Strategy Changes Bitcoin Move, Support Comes from Wall Street! Here Are the DetailsStrategy, the largest institutional Bitcoin investor, sold $466 million worth of MSTR shares last week, following a $BTC sale two weeks prior.

In response, the company did not purchase Bitcoin and kept its holdings stable at 843,775 $BTC. Instead of increasing its $BTC reserves, the company increased its USD reserves by $450 million, raising its total reserves to $3.0 billion.

Related News Michael Saylor Changes Strategy: Strategy Didn't Buy Bitcoin This Week! Here's Where He Invested!
Strategy’s decision to pause its additional Bitcoin buying strategy was met with support from Wall Street.According to The Block, prominent Wall Street figures argue that focusing on strengthening its balance sheet could both increase Strategy’s financial resilience and reduce potential selling pressure on the Bitcoin market.

Crypto asset manager Grayscale notes that Strategy’s creation of a stronger cash reserve supports the company’s balance sheet and reduces the likelihood of a forced Bitcoin sale in an extremely negative scenario. Grayscale also states that this contributes to Bitcoin establishing a stable price floor.Gabe Selby, Head of Research at CF Benchmarks, also notes that the pause in $BTC purchases is positive. According to Selby, Strategy’s cash reserves are sufficient to meet its short-term liabilities. However, Selby warns that the company’s need to regularly sell Bitcoin to maintain its capital structure could pose a long-term risk. According to Selby, the significant risk is that Bitcoin sales could cease to be an optional capital management tool and become a necessity to keep the company’s financial structure afloat.Finally, TD Cowen analyst Lance Bitanza stated that the move to sell MSTR and not buy $BTC signals that the company has begun implementing its capital

Strategy Changes Bitcoin Move, Support Comes from

$ESP Bullish Momentum Remains Intact — Breakout Structure Signals More Upside Ahead 🚀 Trade Setup: Long Entry Zone: 0.07120 – 0.07200 TP1: 0.07450 TP2: 0.07800 TP3: 0.08200 SL: 0.06820 ESP is consolid

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Goldman Sachs Report Deconstructs the Competitive Landscape of China's AI Large Models: Who Will Be the Long-Term Winner?

Ethereum uses less power than British Museum – Here’s what changed

Despite $450 Million Increase in Cash, STRC Price Still Falls; It's Never Been About Money

Cooling US inflation catches crypto bears off guard as short liquidations reach $179M

How Long Will the Memory Boom Last?

DeXe slips 13% – But here’s why the pullback may be temporary

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