Bitcoin (BTC) — Onchain News & Whale Tracking

Bitcoin Drops Below $109,000, Ethereum Falls Below $4,300

On September 2nd, based on HTX market data, Bitcoin fell below $109,000, experiencing a 24-hour decline of 0.22%; Ethereum dropped below $4,300, with a 24-hour decrease of 2.16%.

Greeks.Live: Ethereum Shows Significant Relative Weakness to Bitcoin, Market Exhibits Divergence Pattern

September 2nd, Greeks.Live issued its daily market brief. It indicates that the overall market is disappointed with the performance of Ethereum. It is believed that Ethereum has weakened significantly compared to Bitcoin. Traders have shifted to a generally bullish stance on allocating to Bitcoin, resulting in a market situation where Bitcoin rises alone while mainstream coins experience a widespread decline. The market has witnessed whale buy orders of 260,000 ETH, and there is intense long and short speculation around the $4,400 price level.

Strategy Announces Purchase of 4,048 Bitcoins

On September 2nd, it was announced by Strategy that it had augmented its holdings by 4,048 bitcoins. The average purchase price was $110,981. Currently, Strategy holds a grand total of 636,505 bitcoins.

U.S. publicly traded company Hyperscale Data will add approximately $20 million worth of Bitcoin to its balance sheet.

On September 2nd, as per the Associated Press, the publicly traded U.S. company Hyperscale Data (GPUS) declared that it is going to add approximately $20 million worth of Bitcoin to its balance sheet. It is important to note that Hyperscale Data has a market capitalization of approximately $15 million.

Cango Inc. mined 663.7 bitcoins in August, bringing its total holdings to 5,193.4 bitcoins.

On September 2nd, the Bitcoin mining firm Cango Inc. presented its August 2025 update on Bitcoin production and mining operations. During August, 663.7 bitcoins were mined, and the Bitcoin treasury exceeded 5,000 bitcoins, reaching 5,193.4 bitcoins.

glassnode: The current Bitcoin market structure remains fragile, with selling pressure broadly dominating.

On September 2nd, glassnode released a market analysis indicating that as the Bitcoin price retraced further from its all-time high to $107,000, the market is currently above the cost basis of short-term holders. In the spot market, the Relative Strength Index (RSI) has entered oversold territory, resulting in weakened momentum. Coupled with the decreasing trading volume, it reflects the waning of market confidence. The spot Cumulative Volume Delta (CVD) shows a slight alleviation of selling pressure, suggesting temporary market stabilization. However, the overall signals indicate weak demand. The futures market shows cautious positioning. Open interest has decreased, funding rates have declined, and the perpetual contract CVD has slightly improved, indicating a decrease in leverage and weakening bullish sentiment. Traders seem reluctant to increase risk exposure, highlighting the defensive strategies adopted in the face of recent volatility. In the options market, due to the decreas

Buidlpad: Bitcoin DeFi Protocol Lombard Token Sale Raises Over $70 Million, Oversubscribed by 1038%

On September 2nd, as per an official announcement from Buidlpad, the Bitcoin DeFi protocol Lombard's token sale has garnered over $70 million in investment, featuring an oversubscription rate of 1038%. Previously, the Bitcoin DeFi protocol Lombard launched a community round token sale on Buidlpad with a valuation of $4.5 billion.

Analyst: Since Bitcoin broke $100,000 earlier this year, hodlers have been continuously selling their Bitcoin.

September 2nd: The Coindesk analyst Omkar Godbole pointed out that Bitcoin long-term holders, including those wallets that have remained inactive for many years, have been continuously selling ever since Bitcoin exceeded $100,000 earlier this year. Investors considered that the $100,000 Bitcoin price was too high and thus chose to realize profits, suggesting that the market might require some time to adjust to $100,000 as the new standard for Bitcoin. We are likely to continue to witness volatile trading in order to assist investors in gradually getting accustomed to this elevated valuation level.

If Bitcoin breaks $112,000, the mainstream CEX total short liquidation volume will reach $973 million.

On September 2nd, based on Coinglass data, if Bitcoin manages to break through $112,000, the cumulative short liquidation intensity of mainstream CEX will reach $973 million. Conversely, if Bitcoin drops below $108,000, the cumulative long liquidation intensity of mainstream CEX will reach $773 million. BlockBeats Notes: The liquidation chart does not provide the exact number of contracts to be liquidated or the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what extent the asset price will be impacted when it reaches a certain level. Higher "liquidation bars" indicate that the price will undergo a more intense reaction due to a surge in liquidity.

Bitcoin Surpasses $110,000

On September 2nd, according to HTX market data, Bitcoin exceeded $110,000 and had a 24-hour increase of 2.33%.

Bitcoin BRC20 Protocol Completes BRC2.0 Upgrade

On September 2nd, as reported by Coindesk, the Bitcoin Token Protocol BRC-20 has accomplished the "BRC 2.0" upgrade at block 912,690. It has integrated the Ethereum Virtual Machine (EVM) and made a significant stride towards supporting Ethereum-style smart contracts. This upgrade was jointly undertaken by the Ordinals developer Best in Slot and the BRC-20 creator Domo.

glassnode: Bitcoin HODLers Sell-off Accelerates in Recent Weeks, But Remains Below Last Year's Peak

On September 2nd, glassnode put out an article indicating that Bitcoin Long-Term Holders (LTH) have sped up their selling in recent weeks, and the 14-day Simple Moving Average (SMA) is continuously going up. Nevertheless, the overall activity remains within the normal range for this cycle, which is much lower than the peak witnessed in October-November 2024. This latest increase in selling is mainly due to a single event: last Friday, long-term holders sold around 97,000 BTC, setting the highest single-day selling volume this year and causing a notable spike in smoothed selling activity.

Bitcoin Surges above $109,000

On September 2nd, based on HTX market data, Bitcoin experienced a rebound and surpassed $10,900. It is currently trading at $109,021, with a 24-hour change of 0.06%.

Bitcoin Withdrawals Slowing Down, with a CEX Net Inflow of 2,600.32 BTC in the Last 24 Hours

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.

「Bitcoin Bro」 Huang Licheng Adds 800 ETH to Long Position, Total Position Size Exceeds $1.15 Billion

Bitcoin's Market Cap Overtaken by Silver, Falling to 8th Among Global Mainstream Assets

On September 1st, based on data from 8 Market, with Bitcoin briefly dipping below $118,000 today, its market capitalization has now dropped to $2.183 trillion. This value is lower than that of silver (with a market cap of $2.333 trillion), and Bitcoin now ranks as the 8th largest global asset.

Bitcoin Rebounds to Reach $109,000

On September 1st, based on HTX market data, Bitcoin rebounded and reached $109,000. It is currently trading at $109,000 with a 24-hour increase of 0.25%.

Matrixport: Bitcoin Retraces to Key Range, Potential Further Drop Ahead

On September 1st, Matrixport disclosed its latest report on social media, indicating that Bitcoin has pulled back to the range of $106,000 - $108,000, a level that it has been closely observing. In its recent report, Matrixport has adopted a more cautious stance and cautioned that a retest of $108,000 might just be the starting point. Since late July, Matrixport has been highlighting the increasing resistance resulting from seasonal weakness. Now, as this week's US employment data is about to be released and Bitcoin is at a crucial technical level, the market is setting the stage for a potential significant rally. While many traders would be astonished by further Bitcoin downside, this situation cannot be excluded. Rate cuts are often regarded as the driving force for pushing cryptocurrency prices higher, but they rarely occur without consequences.

Bitcoin Bounces Back Above $108,000

On September 1st, according to HTX market data, Bitcoin rebounded to a level above $108,000 and is currently priced at $108,010, with a 0.74% decrease in the past 24 hours.

Historical Data: Ethereum averaged a -5.75% return in September, while Bitcoin averaged a -3.55% return in September

On September 1st, according to Coinglass data, since 2016, Ethereum has had an average September return of -5.75%. In the past 9 years, only 4 of them have had a positive September return, which were in 2016, 2019, 2023, and 2024 respectively. Moreover, since 2013, Bitcoin has had an average September return of -3.55%. Among the past 12 years, only 4 have had a positive September return, which were in 2015, 2016, 2023, and 2024 respectively.

Viewpoint: Inflation Data Intensifies Market Bearish Sentiment, Bitcoin's Key Psychological Support Level at $100,000

On September 1st, Vincent Liu, the CIO of Kronos Research, stated that the inflation data has intensified the bearish market sentiment. This sentiment initially emerged after a series of large-scale Bitcoin whale sell-offs triggered the liquidation of leveraged positions. Vincent Liu believes: "The key psychological support level of Bitcoin is at $100,000. With leveraged positions under pressure, it highlights the fragility of its liquidity." He also added that the key support level of Ethereum is at $4,000. "If these support levels are breached, it could trigger further declines and more widespread liquidity tightening. However, a true bear market requires a more sustained decline." Regarding this week's non-farm payroll data, Vincent Liu stated, "A significant surprise in job growth could trigger sharp market volatility. Strong data could pressure the cryptocurrency as risk appetite wanes, while weaker-than-expected data could boost demand." (The Block)

Australia's Monochrome Spot Bitcoin ETF's BTC Holdings Rise to 1021 Coins

On September 1st, according to an official announcement, the Australian Monochrome Physical Bitcoin ETF (IBTC) disclosed that as of August 29th, its holdings had reached 1,021 bitcoins, with a holding value of approximately 172 million Australian dollars.

The high-profile Ethereum to Bitcoin (ETH to BTC) Whale conducted a significant swap, selling a total of 2000 BTC and purchasing 48,942 ETH over a period of nearly 4 hours.

On September 1st, as monitored by LookOnChain, in the past 4 hours, the highly prominent BTC whale that has been swapping ETH has sold an additional 2,000 BTC (valued at $215 million) and purchased 48,942 ETH (also valued at $215 million). He has now amassed a total of 886,371 ETH (amounting to $4.07 billion).

Upbit will list USD1 KRW, USDT, and Bitcoin trading pairs

September 1st. According to official information, Upbit will list trading pairs involving USD1 South Korean Won, USDT, and Bitcoin. The trading is scheduled to commence on September 1st at 4:00 PM in the local time zone.

Metaplanet Surpasses Trump Media & Technology Group and Riot Platforms to Become the Sixth-Largest Publicly Traded Company by Bitcoin Holdings

On September 1st, based on BitcoinTreasuries data, after Metaplanet disclosed its latest Bitcoin holdings data, its Bitcoin holdings have now exceeded those of Trump Media & Technology Group (holding 15,000 BTC) and Bitcoin mining company Riot Blockchain (holding 19,239 BTC). It now ranks as the sixth-largest publicly traded company in terms of Bitcoin holdings, coming only after MicroStrategy, MARA, 21Shares, Bitcoin Standard Treasury Company, and Bullish.

If Bitcoin drops below $107,000, the mainstream CEX long liquidation pressure will reach 707 million.

On September 1st, according to Coinglass data, if Bitcoin drops below $107,000, the cumulative intensity of long liquidation on mainstream CEXes will reach $707 million. Conversely, if Bitcoin surpasses $110,000, the cumulative intensity of short liquidation on mainstream CEXes will only be $884 million. BlockBeats Note: The liquidation chart does not precisely display the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the relative significance of each liquidation cluster to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart illustrates the extent to which the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that when the price is reached, it will experience a more intense reaction due to a liquidity cascade.

Bitcoin Drops Below $108,000

On September 1st, based on HTX market data, Bitcoin fell below $108,000, experiencing a 0.78% decrease in the past 24 hours.

El Salvador Continues to Dollar-Cost Average into Bitcoin: Over the past 7 days, the country has accumulated an additional 7 BTC, bringing its total holdings to 6285.18 BTC.

August 31st. Based on the data from the website of the Salvadoran Ministry of Finance, in the past 7 days, El Salvador has accumulated the acquisition of 7 Bitcoins. Currently, its Bitcoin holdings have reached 6,285.18 coins, with a value of more than $681 million.

The high-profile Bitcoin whale who swapped ETH has sold 34,110 BTC over the past 11 days and bought 813,298.84 ETH.

On August 31st, according to the monitoring of @mlmabc, a highly prominent Bitcoin whale that has been rebalancing into ETH sold 7,000 BTC (approximately $7.59 billion) within the past 46 hours and purchased 171,791.84 ETH (approximately $7.73 billion). This whale still holds 3,000 BTC (about $3.25 billion) in the address beginning with 169qY, and it is likely that this will be rebalanced into ETH. Furthermore, the whale's wallet also contains 46,816 BTC (about $50.7 billion). Based on previous activities, another 14,495 BTC (about $15.7 billion) may be rebalanced into ETH. However, the remaining 32,321 BTC (about $35 billion) currently has an unknown movement. Overall, it seems that the whale intends to rebalance its entire holdings. This is mere speculation and not investment advice, and the true intentions of the whale remain unclear. As of now, in the past 11 days, the whale has sold 34,110 BTC (about $37 billion) and purchased 813,298.84 ETH (about $36.6 billion).

Michael Saylor has reissued Bitcoin Tracker information, hinting at additional BTC purchases.

On August 31st, the founder of Strategy, Michael Saylor, once more shared information related to the Bitcoin Tracker. He declared, "Bitcoin is still available for purchase." Based on past patterns, Strategy always makes public information about increasing its holdings of Bitcoin on the second day following the release of such news.

Canary CEO: XRP Recognition on Wall Street Second Only to Bitcoin, XRP Demand Could Soar After ETF Launch

On August 31st, Steven McClurg, the CEO of Canary Capital, stated that the level of recognition of XRP among Wall Street professionals is second only to Bitcoin. If an XRP ETF receives approval from the US SEC, market demand could experience a significant surge. It is reported that Canary Capital submitted a spot XRP ETF registration application in October of the previous year, and it has not yet obtained regulatory approval.

Analyst: Bitcoin Can Hedge Against Selling Pressure on US Bonds

August 31st. As per CoinDesk, André Dragosch, the European Research Director at Bitwise Asset Management, mentioned that when the stock market is in a downturn, gold serves as the most effective hedge. Meanwhile, Bitcoin demonstrates more resilience when the U.S. bond market is under pressure. Historical data and industry research also back this perspective: gold generally rises during stock market bear markets, while Bitcoin performs better during U.S. Treasury sell-offs. By 2025, the price of gold has increased by more than 30%, and Bitcoin has risen by approximately 16.46%. This reflects the significantly different roles that the two assets play when investors consider rising yields, stock market volatility, and Trump's support for cryptocurrency.

If Bitcoin surpasses $110,000, the mainstream CEX's total short liquidation volume will reach $514 million.

On August 31st, based on Coinglass data, if Bitcoin manages to break through $110,000, the cumulative short liquidation intensity on mainstream CEX will reach 514 million. Conversely, if Bitcoin drops below $108,000, the cumulative long liquidation intensity on mainstream CEX will reach 171 million. BlockBeats Notes: The liquidation chart does not provide the exact number of contracts to be liquidated or the precise value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what degree the price of the underlying asset will be impacted when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to the liquidity shock wave after reaching that level.

Analysis: Bitcoin and Gold Under Pressure Simultaneously as Market Enters Risk-Off Mode

August 31st. During this month, the data of Bitcoin and Gold ETF shows that the recent fund flows have deviated from historical trends. Usually, the flows of funds in both assets are opposite, but this time both experienced outflows simultaneously. This rare phenomenon reflects the current macroeconomic environment and investor sentiment. The outflows of Bitcoin have not had an impact on Gold. And until the policy path of the Fed becomes clear, both will continue to face pressure. Bitcoin ETF witnessed outflows for six consecutive days and lost nearly $2 billion alone in August. At the same time, major Gold ETFs such as GLDM also experienced outflows of $449 million in a week. Bitcoin ETF finally rebounded at the end of August, with four consecutive days of inflows. Gold ETF also showed net inflows in the last few days of August 2025, similar to the rebound trend of Bitcoin ETF. The uncertainties of the Fed's monetary policy, persistent inflationary pressures, and signs of a weak lab

Indian Bitcoin Extortion Case: 14 Sentenced to Life Imprisonment, Including 11 Police Officers

On August 31st, as per TheBlock, in the 2018 India kidnapping ransom incident, a businessman from Surat was abducted and compelled to sell Bitcoin as ransom. Eventually, fourteen people received life imprisonment sentences, among them 11 police officers, including the former police inspector at the scene and a former member of the Indian Legislative Assembly. A special judge sentenced these individuals for the crimes of kidnapping, extortion, and criminal conspiracy as per the Indian Penal Code. In this case, the victim Shailesh Bhatt was lured to a gas station and kidnapped. Later, he was forced to pay 34 bitcoins (approximately $150,000) as ransom. During the trial of the case, a total of 172 witnesses were summoned, but 92 of them changed their testimonies. It is worth noting that the victim Bhatt himself is currently facing prosecution by law enforcement for allegedly kidnapping a BitConnect promoter, and the case is still ongoing.

Bitcoin Bounces Back, Surges Above $109,000, 24-hour Gain 0.7%

On August 31st, according to HTX market data, Bitcoin saw a rebound and exceeded $109,000, registering a 24-hour gain of 0.7%.

China Financial Leasing Group has disclosed its investment in BlackRock and a Hong Kong-listed Bitcoin and Ethereum ETF.

On August 30th, as per an announcement from the Hong Kong Stock Exchange, the Hong Kong-listed company China Financial Leasing Group presented its interim performance report dated June 30, 2025. The report revealed that the continuous weakness of the US dollar has led to the strengthening of Bitcoin. The company has started to pay attention to the cryptocurrency market and has begun to make investments in the cryptocurrency industry. Specifically, it is holding physical cryptocurrency instead of synthetic products on relevant exchanges and trading platforms. The current main investments comprise: South East England Hong Kong Dollar Money Market ETF, BlackRock iShares Bitcoin Trust ETF, Huaxia Bitcoin ETF, iShares Ethereum Trust ETF. Previously reported, Cai Wensheng acquired shares of China Financial Leasing at a premium and will focus on AI, Web3, and Hong Kong technology incubation.

Willy Woo: Bitcoin Network Sees First Inflow of Funds in Weeks, Signaling Structural Support Buildup

On August 30th, Crypto analyst Willy Woo put out a post indicating that following several weeks of declining inflows, the Bitcoin network witnessed its first day of inflow growth, which signaled the first indication of Bitcoin's structural bottoming. Bitcoin is currently in a state of stabilization. For a bullish structure to form, investors need to continuously buy the dips. This process has already commenced.

El Salvador will distribute its Bitcoin reserve among 14 wallet holders to mitigate potential quantum computing threats

On August 30th, as per Cointelegraph, El Salvador has redistributed its Bitcoin reserve to 14 new wallet addresses in order to address potential quantum computing threats. The El Salvador Bitcoin Office indicated that by dividing the funds into smaller quantities, the potential impact of a quantum attack can be reduced. Each Bitcoin address can hold a maximum of 500 bitcoins.

Analysis: Yesterday, a Bitcoin whale cashed out nearly $4 billion in profits, marking the largest single-day profit-taking since February 2025.

On August 30th, as per the monitoring of CryptoOnchain, yesterday Bitcoin's one-day realized profit witnessed a sharp surge of nearly $4 billion, marking the largest one-day profit-taking since early February 2025 (excluding the abnormal $9 billion realized profit on July 4th). This movement was mainly driven by whales. The distribution of realized profit among different whale groups is as follows: · Super Whales (>10,000 BTC): $2.17 billion · Large Whales (1,000 - 10,000 BTC): $1.25 billion · Other Whales (100 - 1,000 BTC): $495 million CryptoOnchain stated that this massive profit-taking shows that long-term holding large investors have locked in substantial gains during the recent price rally. Such behavior usually occurs near local price tops, potentially indicating a short-term pullback or consolidation phase. This also implies that Bitcoin is transitioning from "strong hands" to "weak hands," which could increase the market's vulnerability. The peak of profit realization in this

This week, the U.S. Bitcoin Spot ETF saw a total net inflow of $440.8 million

On August 30th, based on the monitoring of Farside Investors, this week the cumulative net inflow of the US Bitcoin spot ETF was $440.8 million. It includes: BlackRock IBIT: +$247.9 million Fidelity FBTC: +$33.5 million Bitwise BITB: +$46.2 million ARK ARKB: +$78.6 million ProShares BTCO: +$6.7 million Franklin EZBC: +$6.5 million VanEck HODL: +$10.2 million WisdomTree BTCW: +$2.3 million Grayscale GBTC: -$15.3 million Grayscale Bitcoin Mini: +$24.2 million

Analyst: Bitcoin Price Drops Below Short-Term HODLers' Average Price, Causing Market Panic, Whales Still Accumulating During the Dip

August 30th. On-chain data analyst Murphy posted on social media, indicating that when the Bitcoin price dropped below the short-term holder's average price of $108,000, the short-term sentiment changed from being anxious to being panicked. Currently, it is the weekend with low liquidity, which makes it likely to experience larger fluctuations. For investors who are still bullish on the overall BTC trend, there has been no pause in their accumulation during the pullback. The BTC balance on the Kraken exchange decreased significantly by 41,512 BTC in the two days from August 27th to August 29th. Based on previous chain analysis, Kraken's address is closely related to some treasury companies, traditional institutions, and OTC platforms.

Yesterday the US Bitcoin spot ETF experienced a net outflow of $1.267 billion

On August 30th, according to the monitoring of Farside Investors, the net outflow of the US Bitcoin spot ETF yesterday was $126.7 million, including: BlackRock IBIT: +$24.6 million Fidelity FBTC: -$66.2 million ARK ARKB: -$72.1 million Valkyrie BTCW: +$2.3 million Grayscale GBTC: -$15.3 million

CryptoQuant Research Manager: If Bitcoin fails to quickly recover above $112,000, the next downside support level will be around $100,000

On August 30th, Julio Moreno, the Head of Research at CryptoQuant, posted on social media, indicating that from a short-term valuation standpoint, if Bitcoin is unable to promptly regain the $11,200 level, the next support level will be approximately $10,000.

Trader Eugene: Currently not actively trading in the market, Bitcoin's breakout to the upside is a necessary condition for altcoin season.

August 30th: Trader Eugene Ng Ah Sio put up a post on his personal channel, indicating that he is not currently involved in market trading at present. Nevertheless, he needs to make it clear to his followers that if they want to witness a significant fluctuation in altcoins, they must rely on Bitcoin to boost the market. However, currently, the performance of Bitcoin has not lived up to the bullish expectations. Before this, on August 14th, Eugene said that he had already closed the majority of his ETH positions in order to significantly reduce the risk exposure as multiple warning signals were blinking before his eyes. On August 24th, he expressed his view that the bull market cycle is coming to an end, and his personal ETH trading has completely stopped.

Bitcoin Briefly Drops Below $108,000

On August 30th, according to HTX market data, Bitcoin briefly fell below $108,000, experiencing a 24-hour decline of 3.75%.

Tom Lee Reiterates Ethereum as One of the Biggest Macro Trades of the Next Decade, Bitcoin Still the Ultimate Store of Value

On August 29th, Tom Lee, the chairman of BitMine, reiterated that Ethereum is one of the largest macro trades of the next decade. This is based on the following considerations: - Wall Street is rebuilding on the blockchain (a key moment similar to 1971). - Stablecoins serve as the starting point for asset tokenization on the blockchain. - Proxy AI has generated demand for the token economy. This will bring about profound changes to the U.S. financial industry and provide significant tailwinds for Ethereum. Meanwhile, Bitcoin still remains the optimal store of value.

If Bitcoin falls below $107,000, the mainstream CEX long liquidation pressure will reach $1.127 billion

On August 29th, based on Coinglass data, if Bitcoin drops beneath $107,000, the cumulative intensity of long liquidation on mainstream CEXs will reach $1.127 billion. Conversely, if Bitcoin surpasses $110,000, the cumulative intensity of short liquidation on mainstream CEXs will merely be $186 million. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of the liquidated contracts. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to the adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be influenced when it attains a certain level. A higher "liquidation bar" indicates that the price, once reached, will experience a more intense reaction due to a liquidity cascade.

Bitcoin Short-Term Price Drops Below $109,000

On August 29th, according to HTX market data, Bitcoin briefly fell below $109,000, experiencing a 24-hour decline of 3.19%.

Bitcoin Withdrawal Trend Reversal, 24-hour Net Outflow of 17,940.48 BTC from CEX

On August 29th, according to Coinglass data, during the past 24 hours, the total net outflow of BTC from CEXs was 17,940.48 BTC. The top three CEXs with the largest outflow amounts are as follows: · Kraken, with an outflow of 16,859.07 BTC; · Coinbase Pro, with an outflow of 1,914.07 BTC; · Binance, with an outflow of 551.76 BTC. In addition, Bitfinex had an inflow of 884.28 BTC, ranking first in the inflow list.