geng · 2912

Short-term capital gains have come to an end, and Binance's Bitcoin inflows hit a new high since February

Comparing the news, crypto analyst Darkfost wrote that the cumulative increase of Bitcoin over the past 3 days was over 23%. As prices rose rapidly, the market began to show signs of a profit settlement. About 53,000 BTC flowed into major trading platforms, of which about 17,800 BTC were transferred to Binance. Notably, all of the 1.78 million BTC flowing into Binance came from short-term holders, particularly investors who held positions for less than a day. In contrast, long-term holders who have held BTC for more than 6 months have not transferred any BTC to Binance. This means that this round of capital inflows is mainly driven by short-term speculative capital, rather than structured sell-offs from long-term holders. According to the data, this is the largest BTC flow into Binance since February 2026. In February of this year, short-term holders experienced a clear round of market capitulation. Currently, short-term capital is once again entering and leaving trading platforms on a large scale, reflecting a marked increase in speculative trading activity, and these brief and sudden capital flows are also driving the volatility of the crypto market to rise again. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

1m agoburnking

Sun Yuchen Says Lawsuit Against WLFI Is About Blockchain Ownership Principles

Comparing news, Bochang founder Sun Yuchen wrote that his lawsuit against World Liberty Financial (@worldlibertyfi) was ostensibly a commercial dispute involving 45 million US dollars and 4 billion tokens, but it was essentially about blockchain's founding principles. He pointed out that the industry is built on “your keys, your coins,” meaning that everyone can actually own their own assets without permission. Sun Yuchen said that the case revealed that the other party secretly embedded the power to freeze users' assets in the contract. There was no disclosure, no governance, no procedure, and that their tokens were unlocked for use within a few days. He believes that this is contrary to the name of “freedom”. If the issuer were to seize holders' assets at any time, blockchain would be no different from the old world. He will carry out the lawsuit to the end, not only to recover assets, but also to establish a precedent in court that “your assets must really belong to you”. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

1m agoburnking

CEX has accumulated a net outflow of 2721.19 BTC over the past 7 days

Comparative news, according to Coinglass data, CEX has accumulated a net outflow of 2721.19 BTC in the past 7 days, of which CEX ranked in the top two outflows as follows: Bithumb leaks 6058.26 BTC; Kraken leaks 3470.62 BTC. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

1m agoburnking

Current mainstream CEX and DEX funding rates show that the market is fully back to neutrality

Comparative news, according to Coinglass data, as Bitcoin continues to be strong after rising sharply this week, current mainstream CEX and DEX funding rates show that the market has fully returned to neutrality. The specific funding rates are shown in the attached chart. Note: The funding rate is a rate set by a cryptocurrency trading platform to maintain a balance between the contract price and the price of the underlying asset. It is usually applied to perpetual contracts. It is a fund exchange mechanism between long and short traders. The trading platform does not charge this fee. It is used to adjust the cost or benefit of the trader holding the contract to keep the contract price close to the price of the underlying asset. When the funding rate is 0.01%, it indicates the base rate. When the funding rate is greater than 0.01%, it means that the market is generally bullish. When the funding rate is less than 0.005%, it means the market is generally bearish. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

1m agoburnking

The total value of Ma Ji's multiple single positions exceeded 140 million US dollars, and the BTC multi-order profit was 2.02 million US dollars

Comparing news, Hyperbot data shows that Big Brother Ma Ji has just increased and decreased positions several times, with a total position value of 144 million US dollars. The current positions are as follows: 40 times more BTC orders: position value of $90.46 million, loss of $535,000; 25 times more ETH orders: positions worth $47.49 million, floating profit of $2.02 million 10 times more HYPE orders: $6.28 million, floating profit of $86,000. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

1m agoburnking

Korean retail investors are frantically betting on the recovery of the memory chip sector: 118.5 billion won in a single week to buy US memory ETFs

According to data from the Korea Securities Depository and Settlement Agency, Korean retail investors made net purchases of the “Roundhill Memory ETF” between August 14 and 20 this week, making it the second-largest net purchase of the country's overseas individual stocks and ETF investments (after Alphabet, Google's parent company). This ETF is an actively managed product, mainly investing in major memory chip companies such as Samsung Electronics, SK Hynix, and Micron. Recently, memory chip stocks have clearly picked up. The stock prices of SK Hynix and Samsung Electronics rose 21.6% and 21.8% respectively from August 10 to 21, both exceeding the 10.4% increase of the Korea Composite Index (KOSPI) during the same period. In the US market, Micron rose about 11% over the same period, and SanDisk increased by about 32%. South Korea's domestic ETF market also saw capital inflows. The data shows that the net inflow of the “TIGER US S&P500 ETF” tracking the S&P 500 index from August 14 to 20 was 1709 billion won, and the net inflow of the “KODEX US NASDAQ 100 ETF” tracking the NASDAQ 100 index was 132.3 billion won. Market participants believe that as expectations for the recovery of the semiconductor cycle heat up, investors are increasing their allocation to the AI chip and memory chip industry chain. (Daum) This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

1m agoburnking

A whale that opened an ETH deposit in February is suspected to have cleared its position, making a profit of 1.68 million US dollars

According to monitoring by on-chain analyst Ai Ai (@ai_9684xtpa), an on-chain analyst, a whale that proposed 4819.11 ETH from OKX at an average price of $1941.28 at the end of February this year sold 1,200 tokens at a loss a month ago, recharged all the remaining 3,619 ETH to the trading platform 30 minutes ago, and eventually sold the average price of 2290 US dollars, with an estimated profit of 1.68 million US dollars. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

12m agoburnking