LEVER Short-Term Surge Exceeds 120%, Market Cap Rises to $9.28 Million

September 2nd: The cryptocurrency market maintained its downward trend. Based on Coinglass data, in the event that Ethereum drops below $4200, the cumulative long liquidation strength of mainstream CEXs will reach $928 million. Conversely, if Ethereum surges above $4400, the cumulative short liquidation strength of mainstream CEXs will reach $539 million. BlockBeats Note: The liquidation chart does not provide the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually signify the significance of each liquidation cluster in relation to neighboring clusters, that is, the strength. Hence, the liquidation chart illustrates to what extent the price of the underlying asset will be influenced when it reaches a specific level. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity avalanche.

On September 2nd, spurred by the anticipation of interest rate cuts and geopolitical tensions, gold futures maintained their upward trend on Monday following the attainment of a historical high. The present price of gold futures is approximately $3547, showing a daily increase of 0.88% and reaching a high of $3557.10 per ounce during the day. FxPro analyst Alex Kuptsikevich pointed out in a research report that macroeconomic and geopolitical news continuously favor precious metals. There are reports suggesting that India is actively selling U.S. government bonds and increasing its gold reserves. He also noted that the lack of progress in Russia-Ukraine peace talks has boosted the demand for safe havens. Kuptsikevich stated that the more evident short-term bullish factor is the market's growing expectation of a Fed rate cut in September. However, he cautioned investors to be cautious when participating in this round of the gold rally, as historical highs often trigger significant prof

On September 2nd, based on on-chain data, Anchorage Digital has withdrawn 542,000 HYPE tokens (valued at $24 million) from Bybit in the past two days.

On September 2nd, based on Coinglass data, in the past 24 hours, the total net inflow of BTC on CEXs was 2,600.32 BTC. The top three CEXs in terms of inflow volume are as follows: · Binance: with a net inflow of 2,089.42 BTC; · Bitfinex: having a net inflow of 464.89 BTC; · Kraken: with a net inflow of 102.98 BTC. In addition, Coinbase Pro witnessed a net outflow of 161.67 BTC and ranked first in the outflow list.

On September 2nd, based on on-chain data, TechnoRevenant. After making a profit of $38 million on XPL last week, he has now earned billions of dollars in profit on WLFI. He received 200 million tokens (accounting for 20% of his total holdings), and these tokens are currently valued at $49 million. In total, he invested $30 million in the presale 8 months ago and obtained a 1% share of the total supply, which is 10 billion WLFI tokens. These tokens are currently worth $245 million, indicating that he has achieved an 8-fold return on this significant investment.

On September 2nd, according to Coinglass data, within the past 24 hours, the total net outflow of ETH from CEX exchanges amounted to 61,400 ETH. The top three CEX exchanges in terms of outflow volume are as follows: · Binance, with an outflow of 44,200 ETH; · OKX, with an outflow of 9,841.09 ETH; · Kraken, with an outflow of 4,219.48 ETH. In addition, Coinbase Pro witnessed an inflow of 2,859.11 ETH, ranking first in the list of inflows.