Bitcoin Experiences Short-Term Dip Below $112,000 With a "Needle Pin" Pattern

On August 25th, according to the monitoring of mlm, two Bitcoin ancient whales (possibly the same entity) have sold 18,142 BTC, which is valued at $2.04 billion at the current price.
The entity is selling the remaining 5,968 BTC (worth $670 million), and 4,968 BTC (worth $678 million) is still outside of Hyperliquid. So far, the entity has purchased a total of 416,598 ETH (currently valued at $1.98 billion), and it is long 135,263 ETH (worth $642 million) on perpetual contracts. The total ETH exposure is 551,861 ETH, valued at $2.62 billion.
Among the 416,598 ETH (valued at $1.98 billion), 275,500 ETH (worth $1.3 billion) has been staked.

On August 25th, based on HTX market data, Ethereum briefly fell below $4,750 and is now recovering to $4,804. The 24-hour gain has narrowed to 1.26%.

On August 25th, according to Coinglass data, within the past 1 hour, the total value of liquidations across the entire network amounted to $299 million. There were $280 million in long liquidations and $18.0926 million in short liquidations. Bitcoin witnessed $202 million in liquidations, while Ethereum saw $45.4531 million in liquidations.

On August 25th, based on HTX market data, Ethereum surpassed $4900 and reached a new all-time high with a 24-hour percentage change of 3.27%.

On August 25th, based on on-chain data, a two-bitcoin ancient whale has staked all the ETH it obtained from selling BTC in the past four days to increase its holdings. The total stake is 275,500 ETH, which is worth $1.3 billion.

On August 25th, Mike Novogratz, the founder and CEO of Galaxy Digital, responded to Ryan Watkins, the co-founder of Syncracy Capital. Watkins tweeted about "the BTC spot trading volume of the Hyperliquid platform in the past 24 hours exceeding the sum of Coinbase and Bybit." Novogratz said, "Impressive work. For full disclosure, we hold a long position in the HYPE token."