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BTC breaks $120,000, BNB reaches new high! Giant whales are adjusting their positions like crazy. Lao Liek teaches you how to keep up with this market trend safely.

Bitcoin exceeded US$120,000, BNB hit a record high, and whales on the chain frequently adjusted their positions in large amounts. This article sorts out the latest market trends for you, and shares how to trade safely and at low cost on regular exchanges to seize bull market opportunities.

BTC breaks $120,000, BNB reaches new high! Giant whales are adjusting their positions like crazy. Lao Liek teaches you how to keep up with this market trend safely.

Crypto market morning report: BTC exceeded 120,000, BNB reached a new high, giant whales adjusted their positions in large amounts

Brothers, it’s another stormy day! Bitcoin once again broke through all-time highs, BNB also set a new record, and market sentiment was fiery. At the same time, the giant whales on the chain were not idle, and various large-amount position adjustment operations were dazzling. As usual, let’s sort out the important developments from last night to early this morning, and talk about how to safely keep up with the market on regular exchanges.

1. Quick overview of mainstream currency prices

BTC strongly breaks through the $120,000 mark

  • Quote: According to OKX market data, BTC first broke through 119,000 USDT, and then rushed up to 120,000 USDT, with a 24-hour increase of 2.32%, and is now trading at 120,029.9 USDT. This momentum is a real bull market engine.
  • Interpretation: Big pie continues to play the role of a sedative, breaking through key psychological prices and injecting a boost into the entire market.

BNB hits all-time high

  • 行情：币安平台币 BNB 表现同样亮眼，突破 800 美元，24小时涨幅4%，创下历史新高。
  • Interpretation: As the world's largest CEX, Binance's platform currency has reached a new high, reflecting the market's strong confidence in its ecology and future development. If you trade on Binance, you can also enjoy a handling fee discount by holding BNB, killing two birds with one stone.
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SOL short callback

  • Quote: SOL experienced a correction and fell below 200 USDT, now trading at 199.9 USDT, with a 24-hour drop of 3.35%.
  • Interpretation: It is normal for a technical correction to occur after a continuous rise. The Solana ecosystem is still active (mentioned below), and the long-term narrative remains unchanged.

2. Supervision and institutional dynamics

U.S. SEC approves first broad-based crypto index ETF

  • Event: The US SEC approved the conversion of the Bitwise 10 Crypto Index Fund into an ETF. The ETF will track the performance of 10 major crypto assets including BTC, ETH, XRP, SOL, ADA, SUI, LINK, AVAX, LTC, and DOT.
  • Interpretation: This is another milestone for traditional finance to embrace crypto-assets. It provides more institutional investors with compliant and convenient entry channels, which is good for the long term.

21Shares submitted ONDO ETF application

  • Event: Asset management company 21Shares submitted an S-1 application document for ONDO ETF to the US SEC.
  • Interpretation: Following BTC and ETH ETFs, institutions are beginning to target crypto assets in more subdivided tracks, indicating that the process of crypto asset ETFs is accelerating.

South Korea limits the proportion of crypto company stocks held by ETFs

  • Event: South Korea’s financial regulator requires domestic ETFs to limit their holdings in stocks of crypto companies such as Coinbase and Strategy, and reiterates regulations prohibiting financial institutions from directly holding virtual assets.
  • Interpretation: Regulations in various countries are at different paces, and South Korea's attitude is relatively cautious. This reminds us that when choosing a trading platform, compliance and licenses are crucial, and we must stay away from "pheasant exchanges" with unclear supervision.

The data on the chain was extremely active last night, with multiple whales and institutional addresses carrying out large-scale operations:

  1. ETH continues to flow from HTX to Binance: 7 hours ago, another 50,000 ETH (approximately $186 million) was transferred from HTX to Binance. Since July 11, a total of more than 320,000 ETH (worth approximately US$1.123 billion) has flowed into Binance from HTX. Big money migration deserves attention.
  2. Whale liquidated MKR, making huge profits: One whale address liquidated 6,252 MKR, achieving a profit of approximately $5.29 million, and the average selling price was $2,060. This address still holds 2.49 million UNI, with a floating profit of approximately US$5.93 million.
  3. Organization Arca took profit from PENDLE: Institution Arca transferred 2.183 million PENDLE to Kraken, and it is expected to realize a profit of 2.13 million US dollars. This batch of tokens was withdrawn from Binance a month ago.
  4. Mysterious Buyer Accumulates ETH:
  • WLFI associated address: A total of more than 5,600 ETH have been purchased in the past 6 days, worth approximately US$19.46 million.
  • New address: Purchased more than 43,000 ETH through over-the-counter (OTC) transactions in 4 days, with a total value of approximately 163 million US dollars.
  1. Early players cash out: An Ethereum ICO participant transferred 800 ETH (approximately $2.96 million) to Kraken. The initial cost of this address was only US$2,783, and the cumulative revenue has exceeded US$13.36 million, with a return rate as high as 4803%.
  2. Listed Company All-in ETH: Bitmine announced that all of the net proceeds of approximately 177 million US dollars from the sale of ARK Invest shares will be used to purchase Ethereum and be deposited in the company's treasury.

Summary: Giant whales and institutions have made frequent arrangements and position adjustments on ETH, including taking profits and establishing large positions. For ordinary investors, looking for opportunities in fluctuations, choosing a regular exchange with good depth and low fees is the key.

4. Other hot news

  • Dan Tapiero launches 50T crypto fund: A well-known investor launched a US$500 million growth fund, focusing on blockchain infrastructure, and merged its companies and renamed it "50T", betting that the crypto economy will reach a market value of US$50 trillion in the next ten years.
  • Letsbonk.fun launches mobile version: Letsbonk.fun, a meme launch platform on Solana, has launched early registration for mobile applications. Its recent market share once exceeded pump.fun, showing that the popularity of the Meme sector in Solana's ecology has not diminished.
  • Polymarket considers issuing stable currency: The prediction market platform Polymarket is rumored to consider issuing its own stable currency to control the income of the platform's USDC reserve.

5. Safe Trading Guide: How to seize opportunities and avoid risks?

The market is lively, but there are also many traps. Are you excited to see giant whales making money? Don’t worry, make the following preparations first:

  1. Choose a formal licensed exchange: This is the first priority! The whale operations mentioned in the news are concentrated on the world's top compliance platforms such as Binance, OKX, and Kraken. The safety of funds on these platforms is guaranteed, and the risk of running away is extremely low.
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  1. Make good use of handling fee discounts: The higher the transaction frequency, the greater the impact of handling fee costs. Registering with the Permanent Commission Invitation Code through channels like CoinRebate can directly reduce your transaction costs, which is equivalent to increasing profits in disguise. Don’t underestimate this 20%, a little adds up to a lot.

  2. Use on-chain tools with caution: Meme platforms such as Letsbonk.fun mentioned in the news belong to high-risk and high-yield on-chain fields. Be sure to do your research (DYOR) before participating, and don’t blindly FOMO, let alone use links from unknown sources.

  3. Pay attention to the flow of large funds, but do not blindly follow it: The trends of giant whales have reference value, but their strategies, costs and positions are completely different from yours. Use it as an auxiliary observation of market sentiment and direction, rather than a direct signal to follow orders.

To summarize: Bull markets are often volatile, and opportunities and risks coexist. The current market fundamentals (ETF adoption) and funding (institutional entry) are still strong. As an ordinary player, it is more important than anything else to stabilize your mentality and trade with low cost and peace of mind on top compliant exchanges. I wish everyone can eat meat in the cattle market!

Risk Warning: This article is only a summary of market information and does not constitute any investment advice. The cryptocurrency market is highly volatile, so investment needs to be cautious. Please be sure to use formal channels for transactions.

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