Marketing/Whale

A major whale closed its long position and opened a short position; it is currently up $209,000.

According to on-chain analytics platform Lookonchain (@lookonchain), a whale previously opened a long position of 325.88 BTC (approximately $23.22 million) with 30x leverage, with a liquidation price of $70,092.20. Subsequently, this address closed its long position at a loss and quickly reversed to open a short position of 288.69 BTC (approximately $20.4 million). It currently holds an unrealized profit of $209,000, with the current short position’s liquidation price at $72,782.34.

Morgan Stanley’s Bitcoin ETF records $34 million in net inflows on its first trading day, with over 1.6 million shares traded

According to CoinDesk, Morgan Stanley’s spot Bitcoin ETF, the “Morgan Stanley Bitcoin Trust,” saw active trading on its first day, with over 1.6 million shares traded and approximately $34 million in net inflows. Coinbase serves as the cold-storage custodian for the fund, while BNY Mellon handles cash management, administrative, and transfer functions. The fund’s expense ratio is 0.14%.

Ethereum Foundation Continues Selling ETH, Having Sold 3,750 ETH So Far for Approximately $8.3 Million

According to on-chain analyst Yujin (@EmberCN), of the 5,000 ETH planned for sale by the Ethereum Foundation, 3,750 ETH have already been sold, generating approximately $8.3 million in proceeds at an average sale price of $2,214 per ETH.