#CreatorPad 📰 Latest Updates:
1. Broad Correction in the Market
Bitcoin $BTC has corrected from record levels above $115,800, trading near $114,670 as a potential accumulation area. Some analyses indicate that $110–112 thousand may be a suitable buying zone.
BTCUSDT
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113,730.2
-0.35%
The Fear and Greed Index dropped to 55, reflecting a gradual shift from greed to caution.
Within 24 hours, approximately $700 million in long positions were liquidated from the market.
2. Performance of Bitcoin and Ethereum:
Bitcoin closed July at $115,800 but began August under pressure from a strong dollar and new U.S. trading tensions.
Ethereum $ETH fell below $3,500, with a sudden “taker” sell volume of $335 million within two minutes, coinciding with a significant outflow of liquidity from exchanges.
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3. Sudden Sales from Major Players
Archer Hayes (founder of BitMEX) sold about 2,373 ETH and 7.76 million ENA, along with 38.86 billion PEPE, totaling nearly $13 million in sales over six hours, coinciding with an overall market decline of about 5%.
4. Unlock Schedule and Regulatory Environment
The total value of token unlocks in August decreases to about $3 billion (a 52% drop from July), but massive unlocks in projects like SUI, FTN, APT, AVAX, and ARB could provoke local volatility.
The HKMA in Hong Kong is implementing a licensing framework for stablecoins, requiring full reserves and financial transparency.
