Prominent Trader: Watch for Short-Term Pullback After Bitcoin’s Strong Breakout

According to the latest Bitmine holdings data, the treasury firm holds a total of 5,815,164 ETH, valued at $11.06 billion, with an average cost basis of $3,366. Due to Ethereum’s nearly 20% rally last night, the unrealized loss on its holdings shrank to $6.65 billion overnight.

A hacker is buying $ETH as the price rises! As the market rallied, an unknown hacker spent $38.53M to buy 18,272 $ETH at an average price of $2,109.

Chief Economist Fu Peng of Xinhuo Group noted that recent joint U.S.-Japan exchange rate intervention has pre-emptively defused the risk of Japan potentially offloading large volumes of U.S. Treasuries, avoiding pressure on long-dated U.S. government bonds. This has caused the scale of long-term Treasury repurchase operations to double, precisely targeting summer short sellers and forcibly suppressing long-term yields and term premiums. Fu Peng believes the U.S.-Japan intervention aims to prevent a debt interest spiral from triggering a collateral liquidity crisis. The joint intervention, paired with hot money inflows, has left short-term rates pegged while long-term rates are artificially suppressed, leading to a significant flattening of the yield curve. Lowered 10-year and 30-year rates provide valuation support for large tech and AI companies with strong cash flow, while reducing the appeal of overseas carry trades and weakening foreign demand for long-dated U.S. Treasuries.

According to the Ark Invest Tracker, Cathie Wood’s Ark Invest reduced its holdings of 501,466 Roblox shares (valued at approximately $19.4 million) and 28,549 Brera Holdings shares (valued at around $12 million) yesterday.

According to on-chain analyst Ai Yi (@ai_9684xtpa), five addresses withdrew $51.4 million worth of BTW from Bitget over the past nine hours. The token saw a 770% price surge in August. Notably, the withdrawals occurred between 01:36 and 03:07 today, a period when BTW was plummeting sharply: from $0.6727 at 23:40, it quickly dropped to $0.3130, a 53.4% decline. As of now, the 150 million tokens withdrawn have not been transferred or sold.

According to an official announcement, Bitget has launched 23 stock spot rTokens, including rHDV (iShares Core High Dividend ETF), rJEPI (JPMorgan Equity Premium Income ETF), rLUV (Southwest Airlines), and rOMC (Omnicom Group), covering sectors such as financials, healthcare, and consumer goods. As of press time, the Bitget platform supports a total of 682 rTokens. It is learned that rTokens, identified by the prefix "r" plus the stock ticker (e.g., NVIDIA’s is rNVDA), are issued by Reality, Bitget’s licensed Real-World Asset (RWA) protocol. Via a partnership with regulated broker Alpaca, these rTokens connect directly to global liquidity pools including the Nasdaq and New York Stock Exchange. Their key features include: 1:1 reserve backing of underlying assets held by licensed custodians, stock dividends distributed 1:1 in token form, synchronized mapping of corporate actions (such as stock splits and consolidations), and holdings eligible as combined margin for unified accounts and U-denominated contracts, enabling users to flexibly manage funds while holding global stock assets.