Binance Research: Bitcoin Leverage Ratio Data May Signal Imminent Short-Term Bottom

According to on-chain analyst Ai Yi (@ai_9684xtpa), the hacker group Lazarus Group is making large-scale BTC transfers: 2 hours ago, it moved 262.2 BTC to a new address, worth $16.64 million, likely intending to launder the funds; currently, the group still holds over $73.06 million in on-chain assets, primarily in BTC, USDT and ETH.

SpaceX’s shares surged 9.7% on Wednesday, closing at roughly $146.15, bringing its rally to about 40% from the low hit on August 3. Analysts cited factors driving the rebound, including Elon Musk’s emphasis on the company’s AI strategy, the launch of its latest Grok 4.6 model, and a large exodus of short-selling capital earlier. Per data from S3 Partners, as of Wednesday, SpaceX’s short positions accounted for around 11% of its publicly traded shares, down sharply from the 34% peak last week. Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, noted: “Short-selling funds have run out of ammunition. After all, there is a limit to how much capital can be deployed in a single trade.” As shares rebounded, some short sellers have started covering their positions. Short sellers must repurchase shares they had borrowed and sold to close out their positions, and this buying pressure could further amplify the rally. It is worth noting that, per the company’s prospectus, around 319 million shares are expected to become tradable on August 20, with nearly 700 million shares each facing lock-up expirations in September and October respectively. SPCX may see renewed stock price volatility around those dates.

NVIDIA CEO Jensen Huang stated that A100 GPU clusters will remain available from 2020 through 2029, emphasizing that the core value of NVIDIA’s computing platform lies not only in the chips themselves but also in CUDA—a unified platform for developers and NVIDIA engineers that enables Ampere, Hopper, and Blackwell architectures to receive continuous upgrades over their lifecycle. He further explained that CUDA boosts the versatility of NVIDIA’s computing power, and greater versatility increases its substitutability; in turn, higher substitutability drives higher utilization and extends service life, positioning NVIDIA’s computing power as a productive asset with the characteristics of being rentable, durable, and financeable. Earlier news reported that CoreWeave extended its NVIDIA A100 lease through 2029.

According to Lookonchain’s monitoring, a crypto whale bought 1,768 BTC at $74,603 per unit during the last bull market, totaling $131.91 million. At its peak, the whale held $91 million in unrealized profits. However, failing to take profits at the high has left him with an unrealized loss of $19.7 million. The whale has now deposited 114 BTC, worth $7.24 million, into Kraken, likely to sell.

This guy bought 1,768 $BTC ($131.91M) at $74,603 before the bull run, but missed the best time to sell. At the peak, he was sitting on $91M in unrealized profit. Now, he's down $19.7M. He now seems to be giving up, depositing 114 $BTC($7.24M) into #Kraken, likely to sell.

Japanese Prime Minister Sanae Takaichi has backed the Bank of Japan (BOJ) to raise interest rates in the near term, with the next move likely coming in September or October. The BOJ’s concerns over the weak yen pushing up prices, paired with the government’s desire to boost the effectiveness of recent joint U.S.-Japan foreign exchange market interventions, have aligned both sides on the necessity of a near-term rate hike. The Prime Minister’s Office holds that specific monetary policy measures, including rate hikes, should be decided by the BOJ, but the central bank should work closely with the government to achieve the 2% inflation target in a "stable manner." (Bloomberg)