MAKBangash

1. Overall Market Sentiment & Significant Moves

The crypto market turned bearish, with Bitcoin (BTC) dropping about 2.08%, testing the $115K level, and Ethereum (ETH) falling roughly 3.5%, dipping below $4,400. Meanwhile, XRP slipped below $3 .

A massive $106 million in liquidations occurred within a single hour, mostly impacting long positions in BTC and ETH. ETH alone saw around $40.43 million in liquidations, marking one of the most concentrated liquidation events in recent months .

Earlier this week, BTC had reached a new all-time high above $124K, but has since retraced below $117K, amid rising concerns over inflation and lowered expectations for Fed rate cuts .

2. DeFi & Altcoin Highlights

DeFi stood out positively, riding a 1.81% gain. Chainlink (LINK) led the pack with a spectacular 14.32% surge, fueled by news of a new on-chain reserve mechanism and a strategic partnership with ICE, the parent company of the NYSE .

3. Market Metrics & On-Chain Signals

On-chain data for XRP is flashing caution—94% of XRP holders are currently in profit, a condition historically linked with market tops. Analysts suggest a potential 20% correction, potentially down to $2.39, if profit-taking accelerates .

CoinGecko reports that the global crypto market cap stands at approximately $3.99 trillion, reflecting a 2.4% change over the last day. 24-hour trading volume is around $133 billion, with Bitcoin dominance at 57.7% and Ethereum dominance at 13.1% .

4. Institutional Activity

MicroStrategy CEO Michael Saylor has been hinting—via cryptic social media posts—at a potential new BTC purchase. The company currently holds about $74 billion in Bitcoin, and markets are closely watching, as past hints have often preceded buying activity .

Summary Table

Asset / Sector Movement / Highlight

Bitcoin ↓ ~2% to ~$115K, following prior ATH above $124K

Ethereum ↓ ~3.5% to under $4,400

XRP ↓ below $3, with on-chain signals warning of possible 20% correction

DeFi (Chainlink) ↑ Chainlink +14%, DeFi +1.8%, led by ICE partnership

Liquidations $106M wiped in an hour; ETH accounts for ~$40M
Institutional Flows MicroStrategy hints at new BTC purchase may influence market dynamics
Market Cap & Volume Total cap ≈ $3.99T; 24-h volume ≈ $133B; BTC dominance ~57.7%, ETH ~13.1%

What to Watch Next

Will BTC and ETH rebound, or continue downward amid profit-taking and liquidation pressure?

DeFi and altcoins like LINK could lead broader altcoin rallies if innovation news persists.

XRP needs careful monitoring due to potential volatility in light of on-chain indicators.

Institutional moves, especially from players
like MicroStrategy, may spark sudden price shifts.
#MarketPullback
#Binance
#Ethereum
#bitcoin
#BinanceAlphaAlert
$BTC

$ETH

$XRP

One, Project Positioning and Core Technical Advantages
1.1 Project Positioning
PROVED is the first decentralized trusted verification network built on Zero-Knowledge Proofs (ZKPs), focusing on addressing three core pain points in the interaction between blockchain and the real world:
The Paradox of Privacy and Computing: Achieving trusted verification of off-chain computation through zk-SNARK technology, balancing data privacy and publicly verifiable computation results.
Cross-Chain Interoperability: Supporting mutual recognition of proof results between heterogeneous chains, building a 'Trust Hub' for multi-chain ecology.

High Cost Verification Challenge: Reducing proof generation costs to 1/10 of traditional solutions, promoting the realization of micro-payment scenarios.