ChainCatcher news, according to CoinDesk, market analyst Omkar Godbole stated that the Bitcoin market is exhibiting a unique "iceberg" phenomenon: while the surface market shows a seller-dominated trend, deep buying power is continuously accumulating. At the quote level (0%) and within the 1% depth range, trades dominated by market makers show significant selling pressure; however, in the deeper price range of 2% to 5%, the number of buy orders exceeds sell orders and continues to grow, indicating that off-exchange funds are positioning at lower price levels.Order Book Depth data shows that the market has the capacity to absorb large orders at stable prices. Currently, Bitcoin is quoted at $94,000, and the market is closely watching the upcoming U.S. non-farm payroll data for guidance on the trend of risk assets.

ChainCatcher news, according to Cryptonews, BlackRock's Head of Thematic Investing and Active Equity ETFs in the U.S., Jay Jacobs, stated in an interview with Bloomberg ETF analyst Eric Balchunas that the demand for Ethereum ETFs is only showing "the tip of the iceberg," with currently only a small portion of clients holding their Bitcoin (IBIT) and Ethereum (ETHA) ETF products. He added that BlackRock remains focused on bringing new clients to these ETFs rather than launching new ETFs related to other cryptocurrencies.Against the backdrop of the Federal Reserve possibly announcing an interest rate cut this week and market expectations that the Trump administration may establish a Bitcoin strategic reserve in 2025, analysts expect ETH to potentially break the $5,000 historical high by the end of the year. The ETH price broke through $4,100 this morning, reaching a new high for the year, while Bitcoin surpassed $107,000 during the same period. Historically, Ethereum tends to experience a new round of increases 1-2 months after Bitcoin breaks a new high.

ChainCatcher news, according to the official announcement, to enhance user trading experience, OKX plans to launch a new iceberg strategy on July 13, 2023, at 4:30 PM (HKT), with several core upgrades including order preference, number of orders per transaction, and starting conditions.It is reported that the OKX iceberg order strategy is a method of splitting large orders and placing them in batches, which helps users set their own order preferences when making large transactions, complete order splitting, and features such as hiding trading intentions, reducing costs, minimizing slippage, and lowering market price volatility. It has become one of the preferred strategies for large transaction users in the market. (source link)

ChainCatcher news, Layer 1 blockchain project Venom Foundation has partnered with investment management firm Iceberg Capital to launch a $1 billion venture fund that will invest in seed to Series A funding for Web3 protocols and decentralized applications (dApps), focusing on sectors such as payments, asset management, DeFi, banking services, and GameFi.VVF will also leverage Iceberg Capital's resources to provide incubation programs, assisting projects with marketing, exchange listings, technical, legal, and regulatory support. Former BlackRock executive Peter Knez and experienced investor Mustafa Kheriba will join the fund's leadership team.In addition to the fund announcement, VVF has also made its first investment, leading a $20 million financing round for the creator-focused metaverse platform Nümi Metaverse. (source link)