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According to Odaily, Onchain Lens monitoring shows that a certain whale has opened 20x leveraged short positions in BTC and ETH, currently holding positions of 577.34 BTC and 19,344.8 ETH, with a total value of approximately 80 million US dollars.

The Bitcoin long-term holder profitability indicator (LTH-SOPR) is below 1.0. Analysts believe this trend may reflect selling pressure in the market, with even long-term holders affected by current price pressures.

Odaily reported that Citibank stated that the limit on stablecoin reward mechanisms in the U.S. "CLARITY Act" draft may pose a temporary obstacle to Circle (CRCL), but it will not undermine its long-term investment rationale. Analysts pointed out that the policy is more likely to impact the pace of scale expansion rather than represent a fundamental threat. The bill plans to restrict stablecoin earnings similar to deposit interest, but allows for incentives related to trading or payments. Since Circle does not directly pay returns to USDC holders, but rather distributes reserve income to certain partners such as exchanges, its core revenue model will not suffer a direct impact. Citi believes that a reduction in rewards may weaken users' short-term motivation to hold USDC, which could affect circulating supply and secondary market liquidity, but the key metric for stablecoin adoption remains transaction and payment volume, not circulation itself. Previously, affected by policy uncertainty, Circle's share price once dropped by about 20%. However, institutions including Bernstein believe the market may have misinterpreted the policy's impact, as regulation focuses on platforms distributing rewards to users (such as certain exchanges), rather than Circle's reserve income model. (CoinDesk)