News

According to ChainCatcher, on-chain data from glassnode shows that Bitcoin holders with 100–1,000 coins (“sharks”) and those with 1,000–10,000 coins (“whales”) have been realizing average daily losses of approximately $188.5 million and $147.5 million respectively, totaling around $337 million. The cumulative realized losses so far this year have reached as high as $30.9 billion, approaching levels seen during the 2022 bear market. Analysis indicates that the current selling pressure is driven by rising macro risks (such as inflation expectations and crowded AI trades) and weakening market confidence, with large holders accelerating stop-loss exits. Meanwhile, long-term holders (LTH) are still realizing average daily losses of about $200 million, indicating that the market has yet to show a clear “exhaustion of selling pressure.” Institutions believe that under multiple pressures, Bitcoin faces further downside risk, with some expecting the potential bottom range to be between $40,000 and $50,000.

According to Odaily, US-listed Bitcoin treasury company Hyperscale Data announced that its subsidiaries Ault Lending LLC and RiskOn International have received approximately $26.6 million from the settlement of a multi-year lawsuit. The specific terms of the settlement agreement were not disclosed, but this cash inflow will further improve its liquidity. In addition, according to the latest data disclosed by Hyperscale Data, the company's Bitcoin holdings have increased to 633.8609 BTC. This includes 586.6674 BTC held by its wholly-owned subsidiary Sentinum (of which about 440.2341 BTC were acquired on the open market and about 146.4333 BTC were obtained through its Bitcoin mining operations), as well as approximately 47.1935 BTC acquired on the open market by another subsidiary, ACG. (PRNewswire)

According to Golden Ten Data on April 4, Tongwei has recently officially signed a cooperation framework agreement with Japan's GBP Corporation. The two parties will carry out deeper communication and cooperation focused on the Japanese market, exploring diversified application scenarios for high-efficiency photovoltaic products in the region.