News

ChainCatcher news, Bit Digital CEO Sam Tabar posted on X stating that the recent Ethereum market movement is more like a "value reset." After a significant influx of leverage, the market was quickly re-evaluated, leaving clear liquidation traces from the wave of forced closures, and the two-way squeeze between longs and shorts amplified volatility. Now that the market has stabilized, Ethereum's price has returned to the structural support range of $1800 to $2100. Currently, Ethereum's fundamentals have not undergone any substantial changes: stablecoin settlements remain active, Rollup is still anchored to the mainnet, and in programmable settlement scenarios that require institutional risk review, Ethereum remains the top choice. The market bottom can usually only be confirmed in retrospect, but this event shows how leverage can quickly distort market trends, while Ethereum's long-term value and fundamentals remain solid.

US dollar has resumed its rise triggered by the Middle East conflict, with inflation concerns intensifying market worries that US interest rates will remain high for a longer period. Due to fuel supply disruptions and shipping route closures, gas-powered aluminum plants in the Middle East have suspended production and delivery. This further exacerbates the inflation pressure caused by the energy supply shock. The Federal Reserve Watch tool of the Chicago Mercantile Exchange shows that the probability of only one rate cut this year is currently 36.2%, compared to 22% a week ago.

Jez San (@aerobatic), a well-known British game developer and founder of FunFair, has sold 6,091 ETH (approximately $12.92 million) and 1.618 million LINK (approximately $15.19 million). Two days ago, wallets associated with Jez San transferred the following assets into two new wallets: 1.618 million LINK (approximately $15.19 million), 6,091 ETH (approximately $12.92 million), 43.53 million ENA (approximately $4.71 million), 32,907 AAVE (approximately $3.6 million), 596,513 UNI (approximately $2.25 million), 8.08 million ONDO (approximately $2.02 million), 1.49 million PENDLE (approximately $1.88 million), and 250,000 AVAX (approximately $2.3 million). About 40 minutes ago, 1.618 million LINK (approximately $15.19 million) and 6,091 ETH (approximately $12.92 million) were transferred to an exchange via Flowdesk.