Opinion: The current market rebound is mainly driven by institutions, and the altcoin market still faces uncertainty
On July 21st, Presto Research analyst Min Jung said: "Backed by the continuous institutional demand (especially from cryptocurrency asset management companies), Bitcoin continues to stay around its all-time high. Considering the nature of these buyers, they are unlikely to be aggressive sellers in the short term. That being said, we are beginning to observe profit-taking from long-term holders as the price breaks through previous highs, which may lead to some short-term volatility."
Jung also stated that Ethereum's price has benefited from institutional investor support. An increasing number of publicly traded companies are starting to include ETH in their treasuries. Inflows into ETH spot ETFs have recently reached an all-time high, and at the same time, BTC ETF inflows have also exceeded those of BTC ETFs. "The key question now is whether this momentum can be maintained after such a strong rally last week. However, the market is showing early signs of the altcoin season, including a
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A certain contract trade with a total profit of over $73 million executed a smart money high leverage long position on ETH, BTC, HYPE, and PEPE.
On July 21st, as per the monitoring of LookOnChain, a whale (0x4a20) on Hyperliquid is currently using long positions with a leverage of 25x on ETH, 40x on BTC, 10x on HYPE, and 10x on PEPE. Currently, the whale holds a long position worth $64.6 million in ETH and a long position worth $37.33 million in BTC. This address has achieved a total profit of $73.66 million on Hyperliquid.
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A whale withdrew 101.33 BTC from Binance 7 hours ago, accumulating a total holding of 206.35 BTC.
On July 21st, Whale with address 0x3E3...1140C withdrew 101.33 WBTC from Binance 7 hours ago, and the value was 11.98 million US dollars.
Since May 12th, this address has accumulated a total of 206.35 WBTC (approximately 23.22 million US dollars), with an average price of $112,545. Currently, there is an unrealized gain of $1.233 million.
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Websea Platform Token WBS Staking Amount Exceeds 10 Million Coins, with a Year-to-Date Increase of Over 300%
On July 21st, based on the latest data, the cumulative staking amount of the Websea platform token WBS has exceeded 10 million tokens. Since the launch of the "Wave Staking Plan" on February 8, 2025 (it should be noted that the specific date of 2025 seems rather far in the future and might need to be verified), the price of WBS has surged from $0.36 to $1.41, achieving a growth of more than 300%, demonstrating strong market consensus and potential for value growth. This staking milestone not only indicates a further strengthening of WBS's liquidity barrier but also marks a key progress for Websea in building a "value-driven encrypted ecosystem" strategic path.
As the core engine of Websea's ecosystem development, the WBS Wave Staking Plan, driven by high annualized incentives and a deflationary mechanism, has significantly released the asset efficiency of WBS. Meanwhile, WBS is deeply integrated into the platform's various business sectors, such as GameFi, live streaming interaction,
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Consensys has confirmed the existence of a "Disk Write Heavy" issue in MetaMask and is preparing to release a fix.
On July 21st, the developer of MetaMask, Consensys, confirmed that it will release an emergency fix for a bug in the browser extension that is causing abnormal disk writes. Several users reported that the plugin was continuously writing data in the background, with a speed of up to 5MB per second, resulting in an average daily write of 500GB on solid-state drives (SSDs). This issue can be traced back to May 9th when user "Quanquan" reported that the unused MetaMask plugin was writing 100GB of data in a single day. On June 24th, user ripper31337 documented this issue, stating that the accumulated write amount over three months reached 25TB.
A spokesperson for Consensys acknowledged the existence of "abnormally high disk activity", mainly affecting users with large state data, and promised to address it by reducing the write frequency and optimizing data fetching strategies. However, the latest feedback as of July 17th shows that the vulnerability still persists. Some users claimed that
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In the past 24 hours, the total network NFT trading volume has exceeded $31 million, representing a nearly 200% increase.
On July 21st, based on CoinGecko data, the total NFT transaction volume in the previous 24 hours reached $31.085 million, showing an increase of 195.1%. Additionally, the total market capitalization of NFTs has exceeded $6 billion, with a 24-hour growth rate of 18.1%.
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