sell

Jiang Zhuoer posted on platform X, stating that ETFs continue to show a selling state, and multiple institutional products are experiencing simultaneous reductions; the market price on Coinbase has shown a significant discount, with levels having fallen back to the range before the major adjustments at the end of January and the end of May; the funding rate remains positive, while contract positions are at a high level, indicating concentrated leveraged positions. Jiang Zhuoer added, "Everything points to: something big is coming."

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the Polymarket market. A large whale sold $56,402.15 in a single transaction targeting "Morocco" in the "World Cup Champion" event. Based on the current transaction price, the latest corresponding winning probability for this target is 96.2%.

According to on-chain analyst Ai Yi's monitoring, the Hyperliquid whale, which previously shorted 16 altcoins for a profit of 13.68 million dollars, is suspected of selling ETH again. Four hours ago, it deposited 6,860 ETH (10.8 million dollars) to Binance, with a deposit price of 1,574 dollars. If sold, it would incur a loss of 2.86 million dollars (having accumulated at an average price of 1,991 dollars in February and March this year). Since June 24, it has transferred a total of 21.82 million dollars worth of ETH to exchanges, expecting a loss of 5.485 million dollars.

Grayscale Research's research director Zach Pandl stated that rather than raising the STRC preferred stock dividend yield by 50 basis points, it would be better to sell over $3 billion in Bitcoin to meet cash payment obligations and restore market confidence. As an institutional researcher, Zach Pandl publicly suggested that Strategy's sale of over $3 billion in BTC has certain indicative significance.If Strategy ultimately implements a large-scale sale, it will bring considerable selling pressure to the market and may weaken the narrative of companies continuously hoarding Bitcoin. This viewpoint also reflects market concerns about Strategy's capital structure and its heavy reliance on the sustainability of its Bitcoin balance sheet. Attention should be paid to Strategy's official response and whether there are actual Bitcoin transfers in its on-chain wallet.

According to on-chain analyst Yu Jin's monitoring, half an hour ago Garrett Jin placed an order for a ZEC short worth $21.73 million at a price of $418.9, with $4.93 million already executed and another order worth $16.8 million still waiting to be filled.Once fully executed, he will be the largest ZEC holder on Hyperliquid. Additionally, this whale has a BTC long position of 1,270 coins opened at $76,117, currently facing an unrealized loss of $20.15 million.

In the past 24 hours, the cryptocurrency derivatives market experienced massive liquidations, with a total liquidation amount of approximately $1 billion, and Ethereum's liquidation amount exceeded that of Bitcoin. At the same time, Bitcoin contract open interest rose for the second consecutive day to 778,000 BTC, with a sharp increase in open interest at the end of Thursday indicating that Bitcoin traders are adding short positions in a downtrend. In contrast, Ethereum contract open interest has remained stable at around 14 million ETH since June 15, and Ethereum traders have not actively shorted during the decline.The 24-hour cumulative trading volume difference adjusted for open interest shows that short positions continue to dominate among the top 25 cryptocurrencies, with only BNB, SOL, and TON as exceptions. Meanwhile, the 30-day annualized implied volatility index for Bitcoin surged to 53%, the highest since June 7; the volatility index for Ethereum rose to 66%. In the cryptocurrency options market, last week the skew for Bitcoin options approached 30%, with significant premiums for put options. In large trades, put options with a strike price of $53,000 expiring on July 10 have appeared, reflecting strong demand for downside hedging.

According to Yu Jin monitoring, a whale that has held ETH for eight years sold 17,598 ETH on-chain in the past hour for 27.245 million USDS, at a selling price of 1,548 dollars. Eight years ago (February 2018), he received 37,602 ETH (31.16 million dollars) when the price of ETH was 829 dollars. Today, eight years later, he has sold about half of his ETH, making a profit of 12.65 million dollars.

Aave founder Stani Kulechov responded to reports regarding Kraken's parent company Payward's intention to acquire a 15% stake in the Aave protocol, stating that AAVE "cannot be sold at a 70% discount." Previously, CoinDesk reported that Payward was negotiating to acquire a 15% stake in Aave at a valuation of $385 million. Based on this valuation, it would only correspond to about 30% of the fully diluted valuation of AAVE tokens, which is significantly lower than the market valuation.Kulechov stated on X that the reports were not accurate. He did not completely deny that Aave Labs might sell some of its held AAVE tokens, but he mentioned that Aave Labs does indeed hold a certain amount of AAVE and that several market participants have discussed purchasing through direct or indirect means or engaging in deeper cooperation around long-term partnerships. Aave is the largest decentralized lending protocol in the Ethereum ecosystem. Kulechov stated that Aave currently has an annual revenue of approximately $134 million, with the related revenue flowing to Aave DAO. He had previously proposed a governance plan to redirect Aave Labs, protocol, and product revenues to Aave DAO and token holders.At the time of this rumor, Aave was experiencing some pressure. After the Kelp DAO incident in April, Aave's TVL significantly declined. Although Aave itself was not directly attacked, the KelpDAO cross-chain bridge attackers had used Aave to convert the stolen rsETH into other assets.

According to the Financial Times, affected by the intensified sell-off of tech stocks, Bitcoin has fallen to a 20-month low, and market risk sentiment continues to weaken. Bitcoin briefly dropped below $60,000, with an intraday decline of up to 5.4%, reaching its lowest level since October 2024. Over the past two years, traders have regarded $60,000 as an important support level. This round of decline occurred after a sell-off of large tech stocks this week. Traders are betting that the U.S. central bank will respond to inflation by raising interest rates, which may suppress risk appetite and prompt investors to reassess overvalued assets and turn to relatively safe assets.In recent years, the correlation between crypto assets and stock movements has been high, but this relationship is currently under pressure. Bitcoin and Solana have fallen 32% and 47% respectively this year, and even a rebound in the stock market has not led to a significant recovery. Part of the reason is that retail investors' demand for cryptocurrencies has decreased, turning instead to chase the volatility of AI-related stocks. Gerry O'Shea, Global Market Insights Director at crypto asset management firm Hashdex, stated that as large public offerings and AI stocks become the market focus, market sentiment remains weak. Analysts currently do not believe there are significant catalysts in the crypto market.The U.S. capital markets are still digesting the world's largest IPO, SpaceX, which went public on Nasdaq earlier this month, with AI companies like OpenAI and Anthropic also expected to follow suit. Meanwhile, the important U.S. digital asset regulatory bill, the Clarity Act, remains stalled in the Senate, facing strong opposition from the banking sector and has not yet garnered enough bipartisan support.

According to on-chain analysts, the Hyperliquid whale (0xcD4...4D6), which previously shorted 16 altcoins for a profit of 13.68 million USD, deposited 6,855.13 ETH into Binance five hours ago during the market rebound, worth 11.02 million USD, suspected to be for sale; this portion of ETH was accumulated in February and March of this year at an average price of 1,991 USD, and if sold, it would incur a loss of 2.625 million USD.

According to Caixin, Xiao Rui, the son of former Wuhan Municipal Supervisory Commission member Xiao Jun, is suspected of receiving approximately HKD 4.72 million in bribes from mainland construction contractors on behalf of his father, and has laundered over HKD 64 million through underground money houses. On June 23, the Hong Kong Regional Court found Xiao Rui guilty of four counts of "money laundering" and one count of "using a false document," with the judge set to announce the sentence on July 23.In 2014, Xiao Rui was approved to reside in Hong Kong. That same year, he used his HSBC account to purchase two funds from Sun Life Financial for HKD 10 million to meet the investment requirements of the aforementioned immigration plan. Between January 2016 and September 2017, Xiao Rui's Standard Chartered and DBS accounts received multiple remittances, totaling over HKD 54 million.Regarding the "money laundering" charges, Xiao Rui argued in court that the large sums involved were legitimate earnings from his mother's business, given to him for investment in Hong Kong, with some funds also coming from the sale of Bitcoin. Concerning the explanation about Bitcoin, the judge rejected his testimony as Xiao Rui could not provide any basic records such as transaction dates, numbers, or wallet addresses.

According to Jinshi reports, Russian Foreign Minister Lavrov stated that the sanctions during the Biden administration have been extended, and new sanctions measures have been introduced. In addition, the United States is selling weapons to Europe for use in Ukraine.

According to CoinDesk, CryptoQuant data shows that the recent selling activity of "OG" investors holding Bitcoin for over five years has significantly slowed down, with their 90-day average selling amount dropping to 962 BTC, the lowest level since November 2024. Analysts point out that during the bull market cycle that began in early 2023, OG investors sold the largest amount of Bitcoin in history, especially during multiple sell-off peaks in May 2024, February 2025, and September 2025 when prices soared, with single-day sales exceeding 142,000 BTC. The current trading price of Bitcoin is around $63,000, close to the breakeven point for this group of OG investors who purchased five years ago, and their choice to continue holding rather than selling has effectively alleviated market selling pressure. The outflow rate of spot ETFs has also slowed down over the past two weeks, further confirming that selling pressure is decreasing.

CryptoQuant analyst DarkFost stated that data shows significant transfers and potential selling behavior among long-term holders (OG) who have held Bitcoin for over 5 years during this cycle. The 90-day average of STXO (Spent Transaction Output) reached peak levels in May 2024, February 2025, and September 2025. Currently, this indicator has dropped to 962 BTC, the lowest level since November 2024, indicating that this group of investors is more inclined to continue holding at the current price range, and the market's selling pressure has eased.

According to Gate market data, the Russell 2000 Index fell by 1.6%.

According to OnchainLens monitoring, a certain whale has started selling Ethereum after being silent for seven years. Currently, this whale has sold 1,100 ETH, making a profit of 1.9 million dollars, with a total profit of 41 million dollars from ETH. This whale initially purchased 27,586.48 ETH for 5.72 million dollars and still holds 26,486.48 ETH, worth 44.86 million dollars.

According to official news from CoinUp, regarding recent market discussions about CoinUp and CPX, CoinUp stated that Zhu Pan is not the operator of the CoinUp platform and does not participate in the core operations of the platform; his role is solely as a project party for a project launched on the CoinUp platform.CoinUp also expressed gratitude to users, the community, and the media for their attention and supervision of CPX. In response to the recent significant short-term price fluctuations of the CPX/USDT trading pair, the platform previously announced that this fluctuation was mainly due to concentrated selling pressure from the market, and the specific reasons are currently under further investigation and verification, with updates to be provided in a timely manner based on the progress of the investigation.CoinUp emphasized that after a comprehensive security check of the platform, it has not suffered from hacker attacks, data breaches, or system vulnerabilities; the wallet system, account system, and asset custody are all in a secure and controllable state. The platform's recharge, withdrawal, and trading functions are operating normally, user assets are secure, and account data is complete, with no reported losses of user assets.CoinUp stated that it will continue to improve its risk control monitoring mechanisms, maintain market trading order, and advise users to rely on official channel information, view market fluctuations rationally, and pay attention to controlling trading risks.

CryptoQuant analyst Darkfost pointed out that Bitcoin has fallen over 28% since May, testing the $60,000 mark again, with the Fear and Greed Index dropping below 10. Short-term holders (STH) have suffered the greatest impact during this adjustment, reacting most intensely, with inflows to Binance exceeding 80,000 BTC in 7 days, equivalent to about $5 billion in selling pressure. This figure is second only to the historical record in February (when inflows exceeded 100,000 BTC). Darkfost stated that short-term holders are highly sensitive to market fluctuations, and every fluctuation can easily trigger emotional decisions.