epic

On August 20, the Bitcoin market suddenly rebounded, with prices rising nearly 8% at one point, briefly breaking through $70,000, reaching a new high since early June, and triggering the largest short liquidation wave since 2021. Over $1 billion in Bitcoin short positions were liquidated within about an hour, as months of bearish trades concentrated on closing positions, driving a rapid rebound in BTC. Analysts pointed out that this increase reflects an overly crowded short position in the market, and as prices turned upward, forced buying to cover further amplified the rally.This rebound was driven by multiple factors. U.S. President Trump met with executives from crypto companies such as Coinbase, Kraken, and Blockchain.com at the White House, and the market expects the U.S. government to continue promoting a more friendly regulatory framework for digital assets. The U.S. Securities and Exchange Commission (SEC) proposed new rules for crypto asset issuance this week, intending to exempt certain digital asset issuance from registration requirements. On the macro front, the U.S. Treasury announced an expansion of long-term Treasury bond repurchase operations, at least doubling the scale of repurchase operations for 10 to 30-year Treasury bonds to enhance market liquidity and alleviate pressure on long-term U.S. Treasury yields, further boosting sentiment for risk assets.The rebound spread throughout the entire crypto market, with Ethereum rising 19% at one point, marking the largest single-day increase since March. Crypto-related stocks also surged, with Coinbase rising about 10%, Bitcoin reserve company Strategy increasing about 13%, and stablecoin issuer Circle rising nearly 10%. Analysts stated that Bitcoin's next key step lies in whether it can convert this short squeeze into real buying pressure and break through the resistance area above $70,000.

According to Binance spot data, the market has experienced significant fluctuations. EPIC has dropped by 22.56% in 24 hours, while DODO has increased by 7.79%, showing a rebound after hitting a low.At the same time, OSMO, RE, and ENSO have all shown a "high and then low" state, with declines of 6.75%, 5.51%, and 5.23% respectively. In addition, ASTSB and LSK have reached new highs today, with increases of 6.53% and 9.41% respectively.

According to Binance spot market data, the market has experienced significant fluctuations. EPIC has dropped by 52.83% in 24 hours, while BMT has risen by 51.45%, showing signs of a rebound after hitting a low.At the same time, SUSHI, ADX, MAV, VIC, DYM, SCR, and THE have all shown a "high and then low" state, with declines of 7.08%, 6.01%, 15%, 10.91%, 18.03%, 10.47%, and 19.54%, respectively.

According to Binance spot market data, the market has experienced significant fluctuations. DODO has dropped 15.47% in the last 24 hours, while EPIC has risen 11.87%, showing a rebound after hitting a low.At the same time, DUSK, PIVX, THE, KAITO, MMT, and C have all shown a "high and then low" trend. DUSK has dropped 9.74% in the last 24 hours, PIVX has fallen 12.42%, THE has decreased by 8.58%, KAITO has dropped 8.13%, and MMT has fallen 8.72%. In addition, AT has reached a new low today, with a decrease of 6.26%.

According to Binance spot data, the market has experienced significant fluctuations. AAOIB has risen by 13.99% in 24 hours and reached a new high today, while EPIC has increased by 8.1%, showing signs of a rebound after hitting a low.At the same time, PLTRB also reached a new high today, with an increase of 8.19%. Among other tokens, GTC has shown a "high and then low" pattern, with a decrease of 9.38%, while ATM has hit a new low for the week, with a decrease of 5.49%.

According to Binance spot market data, the market has experienced significant fluctuations. COTI has dropped by 30.12% in the last 24 hours, while EPIC has risen by 13.12%, showing signs of a rebound after hitting a low.In addition, MOVE, VANA, and NIL have all reached new lows today, with declines of 5.07%, 5.11%, and 6.89%, respectively. Meanwhile, ZRO, LPT, and ATOM have also hit new lows for the week, with declines of 13.81%, 11.11%, and 9.22%, respectively.

According to Binance spot market data, there has been significant volatility in the market. AXTIB has increased by 22.63% in 24 hours, and ARMB has increased by 18.73%, showing a rebound after hitting a low.At the same time, EPIC has shown a "high to low" state, with a decrease of 20.86% in 24 hours, and DYM has also shown a "high to low" state, with a decrease of 6.25%. Other tokens such as COTI, DEXE, BANK, FRAX, and ESP have also experienced varying degrees of fluctuations.

According to Decrypt, although Do Kwon, the founder of Terraform Labs, has been sentenced to 15 years in prison for causing the collapse of Terra, which resulted in approximately $40 billion in losses, the abandoned original chain Terra Luna Classic (LUNC) has not disappeared. A group of community members continues to maintain the network, hoping to achieve one of the greatest revivals in the history of the cryptocurrency industry.The report states that a core community member known by the pseudonym "Vegas" lost about $50,000 during the Terra collapse and has since been involved in operating validation nodes, governance proposals, and developer coordination. He expressed that despite facing long-term internal power struggles and fraud accusations, and even being maliciously reported to the authorities, he still believes LUNC has the potential to return to the top ten in the cryptocurrency industry.After the Terra collapse in 2022, Terraform Labs launched a new chain, Terra, through a hard fork, while the original chain was retained and renamed Terra Luna Classic. Subsequently, the community organization Terra Rebels took over the maintenance work and launched a series of proposals, including a 1.2% burn tax, in hopes of revitalizing the ecosystem. However, due to disputes over fund allocation and governance, Terra Rebels eventually disbanded, and several developers left one after another.Despite this, the community continues to advance the development of projects such as lending protocols, games, and meme coins, and attempts to restore the stablecoin peg mechanism. Data shows that LUNC has risen 17.3% in the past year, but has cumulatively fallen 28.7% since 2022, with a decline of 99.99% from its historical high of $119.Some community members stated that the shared trauma after the collapse has formed a bond similar to "family," and that price is no longer the only goal. "What if we could achieve one of the greatest comebacks in cryptocurrency history? It's like a last-ditch pass." said a community member.

According to Binance spot market data, the market has experienced significant fluctuations. LUMIA has dropped by 15.39% in the last 24 hours, while KGST has risen by 10% and reached a new high for today.In addition, EPIC has also shown a "high pullback" state, with a 24-hour decline of 10.56%. AVNT and ZBT have similarly experienced a "high pullback" state, with declines of 7.06% and 9.3%, respectively. The remaining tokens LS and TNSR have reached new lows for today, with declines of 5.4% and 5.24%, while the S token has hit a new low for the week, with a decline of 14.29%.

According to Binance spot market data, the market has experienced significant fluctuations. EPIC has risen by 15.19% in the last 24 hours, while SIGN has reached a new high today, with an increase of 5.12%.At the same time, IOTA has hit a new low for the week, with a decrease of 6.67%. Both GRT and LPT have shown a "pullback" state, with declines of 8.7% and 15.58%, respectively. POLYX and ACE have also shown a "pullback" state, with decreases of 7.58% and 5.1%, respectively.

On-chain data analyst Murphy views the drop on October 11 as the starting point of the current decline, analyzing the significant changes in the BTC cost structure over the past two months as follows:The most accumulated BTC range is between $80,000 and $90,000, totaling 2.536 million coins, an increase of 1.874 million coins compared to October 11, making it the strongest support range to date. The next ranges are $90,000 to $100,000 (an increase of 324,000 coins) and $100,000 to $110,000 (an increase of 87,000 coins);With the current BTC price as the midpoint, there are a total of 6.168 million coins at a loss above and 7.462 million coins at a profit below; excluding Satoshi and long-lost BTC, the current structure is almost balanced in terms of chips;From the drop on October 11 to December 20, the profit-taking coins below decreased by 1.33 million, while the cost of trapped coins above $110,000 decreased by 902,000. The number of BTC in the $100,000 to $110,000 range did not decrease but instead increased by 87,000 coins.In this round of decline, a significant amount of top chips have been sold off, while the remaining chips have remained flat. Profit-taking coins are being sold off in large quantities, driven by the four-year cycle theory, macro uncertainties, and market concerns such as quantum threats, prompting long-term holders to engage in an epic distribution. The largest sell-off volume is from BTC in the $60,000 to $70,000 range, mostly accumulated before the 2024 U.S. presidential election, and as profits have significantly retracted, there is a rush to cash out.Currently, the $70,000 to $80,000 range is a relatively "gap area," with only 190,000 BTC remaining. A very small number of market participants hold BTC at this price, and if it drops to this range, it may attract a large influx of new liquidity, thus providing support.

ChainCatcher news, according to The Block, SoFi plans to provide investors with exposure to pre-IPO startups like OpenAI, SpaceX, and Epic Games by expanding its reach to private market funds such as Cashmere, Fundrise, and Liberty Street Advisors. The minimum investment for these companies starts at $10. SoFi, along with Robinhood and Republic, offers retail investors risk exposure to private companies.

ChainCatcher news, Binance will launch the DF/USDC, EPIC/USDC, GMX/USDC, MKR/USDC, and RPL/USDC spot trading pairs on March 18, 2025, at 16:00 (UTC+8).