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Jiang Zhuo'er: Bitcoin to Face First Test Since August 19, Has Sold 50% of ETH Spot Holdings

BlockBeats News, August 29th, BitPool Founder Jiang Zhuo'er stated that on Friday, the Bitcoin ETF saw a net outflow, ending the continuous inflow for 9 days. On the news front, Fed Chair Powell turned hawkish, causing BTC to face its first test since the rally.

Jiang Zhuo'er also confirmed that he had sold 50% of his ETH spot position during Friday's drop.

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Bitcoin plummeted 25% in 7 days. Is the bull market still there?

In the past 24 hours, the entire network has liquidated about 767 million US dollars, of which long orders have liquidated 658 million US dollars and short orders have liquidated 108 million US dollars.

On-Chain Activity

29min ago

An address transferred 3.9 million unstaked LIT tokens to OKX and other CEXs, valued at $12.21 million.

1h ago

'Machi' ETH long position has increased to $11.43 million, currently with a floating profit of $110,000.

1h ago

NEAR early long position closed for a profit of $4.43 million, shifting to short AAVE and BNB.

2h ago

A dormant whale inactive for over 6 years transferred 999.953 BTC, valued at $78.12 million.

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