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Jiang Zhuoer, the founder of the Liebit Mining Pool (B.TOP), stated that he has repurchased all previously sold Ethereum positions at an average price of $1,645, after clearing positions in the range of $2,200 to $2,400. Although the repurchase operation has been completed, he believes that the overall market is still in a downtrend, but Bitcoin has received support twice around $61,000 and has not effectively broken down, indicating a short-term technical rebound demand.Based on this judgment, Jiang Zhuoer expects Bitcoin to experience a rebound in the next 1 to 3 days and plans to sell the recently repurchased Ethereum positions again during the rebound process.

According to Jinshi News, the three major A-share indices expanded their declines in the late trading session, with the Shenzhen Component Index falling over 2%, the ChiNext Index dropping nearly 3%, and the Shanghai Composite Index currently down by 0.64%.

According to market news, the South Korean police are investigating domestic users of the world's largest prediction market platform, Polymarket, accusing them of violating Article 246 of the Criminal Act (gambling crime), which could result in a fine of up to 10 million won. This investigation, led by the Gangwon Provincial Police Agency at the request of the National Police Agency, is the first criminal investigation targeting Polymarket users in South Korea, covering users from all over the country. It is reported that South Korean users place bets on the platform using US dollar stablecoins, and the platform has no restrictions; just one local election event attracted bets amounting to hundreds of billions of won.

According to Onchain Lens monitoring, some whales are buying ETH, while others are selling. The wallet associated with '7 Siblings', '0x466', borrowed 60 million dollars to purchase 32,919 ETH at a price of 1,762 dollars, using 58 million dollars. This wallet still has 2 million dollars in unfilled orders to buy ETH. After being silent for 3 years, the whale '0x293' sold 10,000 ETH at a price of 1,772 dollars, exchanging it for 17.72 million USDC.

According to Gate market data, U.S. stocks closed on Thursday with the Dow Jones Industrial Average initially rising by 1.7%, reaching a new closing high, the S&P 500 index up by 0.4%, and the Nasdaq Composite index slightly down. Nvidia (NVDA.O) rose nearly 2%, Micron Technology (MU.O) fell by 7.7%, and Broadcom (AVGO.O) dropped over 12%. The Nasdaq China Golden Dragon Index closed down by 0.6%, and Xpeng Motors (XPEV.N) fell by 3.5%.

According to CoinDesk, U.S. Senator Cynthia Lummis, along with several Senate Republicans, urged financial regulators to abolish the 1,250% punitive risk weight set by the Basel Committee on digital assets and to establish a new capital framework so that banks can meaningfully participate in the cryptocurrency market.

According to Gate market data, at the opening of the US stock market, the Dow Jones rose by 1%, the S&P 500 index fell by 0.4%, and the Nasdaq fell by 1%. Broadcom (AVGO.O) plummeted by 14% after the earnings report was released, with a total market value dropping below $2 trillion, and the AI chip revenue guidance was below market expectations. Chip stocks were under pressure, with Micron Technology (MU.O) down 6.7%, Arm (ARM.O) down 7.3%, AMD (AMD.O) down 5.3%, Intel (INTC.O) down 3.4%, and Nvidia (NVDA.O) down 0.5%.

According to on-chain analyst Yu Jin's monitoring, Ethereum bulls have today borrowed 58 million U from Spark to purchase 32,919.2 ETH, at an average price of 1,762 USD.

According to Coinglass data, since May 19, the negative premium trend of Bitcoin on Coinbase has expanded, currently reported at -0.1931%, and it has been in negative premium for 17 consecutive days, indicating that the demand for BTC in the U.S. market has not yet significantly recovered, and investor risk appetite has declined.During the same period, Bitcoin has fallen from $77,000 to the current $62,000, with this round of correction possibly led by U.S. investors. The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase and the global market average price; a negative premium typically reflects significant selling pressure in the U.S. market, a decline in investor risk appetite, increased market risk aversion, or capital outflows.

The wallet of FG Nexus, a Nasdaq-listed company marked by Arkham (0x4a2...b82), transferred 10,000 Ethereum on Wednesday, worth approximately $17.8 million. FG Nexus accumulated 50,770 Ethereum at an average price of $3,860 between August and September 2025, when the position was valued at about $196 million. As the price of Ethereum dropped to around $1,765, its original investment has realized and unrealized losses exceeding $100 million. As of Thursday pre-market, FG Nexus's stock price fell 13.4% to $7.11.

According to Ember Monitoring, 7 Siblings has just borrowed 20,000,000 USDT from Spark and continues to buy ETH.

According to Yu Jin Detection, looking back, after Strategy's previous test sale of 32 bitcoins (approximately $2.47 million), market sentiment quickly deteriorated. In the following three days, the price of bitcoin fell by approximately $11,400, a decline of 15.6%, with a total market value evaporating by about $228 billion.In terms of funds, bitcoin spot ETFs experienced a cumulative net outflow of $1.45 billion within three trading days following Strategy's announcement of the sale, recording continuous outflows for 13 trading days, with a total scale reaching $4.37 billion. Meanwhile, several on-chain and institutional movements further intensified market concerns. Mt. Gox transferred some bitcoins to the Bitstamp trading platform; bitcoins from Tether's reserves were transferred to the Bitfinex trading platform for the first time; and the crypto asset management firm Abraxas Capital also began to reduce its bitcoin holdings.Market analysis suggests that although Strategy's sale was limited in scale, as one of the largest corporate bitcoin holders globally, its selling behavior had an amplifying effect on market sentiment, triggering a chain reaction of institutional fund outflows and multiple parties reducing their positions.

According to CoinDesk, Citi analyst Alex Saunders stated in a recent report that the recent sale of Bitcoin by Strategy has caused market volatility, but the bigger issue is the lack of demand from new investors.The report pointed out that this sale by Strategy is part of a previously disclosed tax optimization plan and not a strategic shift. What is truly concerning is that the spot Bitcoin ETF has seen net outflows for 11 consecutive days, which is an important signal of weak investor adoption. Analysts estimate that ETF fund flows can explain about 45% of Bitcoin's weekly price fluctuations.In addition, the likelihood of the U.S. crypto market structure bill passing this year is decreasing, reducing potential positive catalysts. The bank believes that in the absence of regulatory progress and new capital inflows, Bitcoin market sentiment will remain subdued.

According to monitoring by Lookonchain, the whale known for "buying the dip during market crashes," 7 Siblings, has taken action again. About 1 hour ago, it borrowed 10 million USDT from the Spark protocol and then purchased 5,589 ETH at an average price of approximately $1,789, with a total value of about 10 million dollars.

According to Gate market data, U.S. stocks closed lower on Wednesday, with the Dow Jones Industrial Average initially down 1.2%, the S&P 500 index down 0.7%, and the Nasdaq down 0.89%. Microsoft (MSFT.O) and Nvidia (NVDA.O) both fell over 3%, Oracle (ORCL.N) dropped more than 5%, while Intel (INTC.O) rose 4%. The Nasdaq Golden Dragon China Index closed down 2.46%, with Alibaba (BABA.N) falling over 2%.

According to QCP Capital's latest market report, Bitcoin has fallen approximately 11.6% this week, continuing to be under pressure. Market sentiment has been affected by the rare news of Strategy selling 32 BTC, although the sale size was only about $2.5 million, which had almost no substantial impact on its holdings of over 840,000 coins. However, it broke the long-standing market expectation of Strategy's "never selling coins," weakening the confidence of some investors.On a macro level, the situation is also unfavorable. The escalation of the Middle East situation and the stagnation of US-Iran negotiations have driven oil prices up, with the risk premium in the Strait of Hormuz being re-emphasized. Meanwhile, US job vacancy data was stronger than expected, reducing the market's bets on a short-term rate cut by the Federal Reserve and reinforcing the expectation of "higher rates for longer." The options market shows a significant increase in defensive sentiment. The 30-day at-the-money implied volatility (ATM IV) rose to about 41.4%, with a weekly increase of about 7 volatility points. The risk reversal indicator remains biased negative, with a short-term inverted yield curve reflecting strong demand for downside protection in the market.QCP believes that the current market is not in a panic sell-off but is re-pricing downside risks. Weak spot demand, rising oil prices, increasing real interest rates, and macro uncertainty are collectively suppressing the performance of risk assets. Meanwhile, AI concept stocks and large tech companies continue to attract significant capital inflows, further diverting risk appetite from the crypto market. QCP points out that if BTC cannot regain a foothold in the $67,000 to $68,000 range, the rebound may still face significant selling pressure. The current market is more inclined to purchase downside protection rather than actively increase risk exposure, as investors await a clearer direction from the macro environment between the paths of "soft landing" and "high inflation, high interest rates, low liquidity."

According to analyst Yu Jin's monitoring, the crypto asset management firm Abraxas Capital allegedly sold 1,000 BTC during last night's decline, worth $67.49 million. Seven hours ago, it transferred 1,000 BTC to Kraken and subsequently withdrew a total of 52.72 million stablecoins from Kraken, including USDC and USDT.

The Liberal Democratic Party's Blockchain Promotion Parliamentary Alliance in Japan submitted a policy proposal to Finance Minister Katsuyuki Kitayama, calling for the clear inclusion of blockchain and Web3 in the national strategy. The proposal covers multiple areas including tax reform, cryptocurrency ETFs, leveraged trading regulation, responses to unregistered operators, cryptocurrency strategy, and trade logistics. Among them, the proposal suggests further research on the choice mechanism for "declaration separation taxation" and "withholding separation taxation" for crypto assets, and explores the tax treatment methods for exchanges and inheritance of crypto assets.In terms of derivatives regulation, the proposal believes that the current 2x leverage limit for individual cryptocurrency trading is too low and suggests gradually increasing the leverage level in conjunction with margin management systems. At the same time, the proposal also calls for a clear positioning of the cryptocurrency ETF system and strengthening law enforcement cooperation with overseas regulatory agencies. Katsuyuki Kitayama stated that he will actively promote the construction of related systems, including facilitating the implementation of cryptocurrency ETFs and researching a new tax system to be implemented in January 2028.

According to on-chain analyst Ai Yi's monitoring, the Fenbushi Capital associated address (0xaF3...74446) transferred 11,101 ETH to the Amber Group recharge address 8 hours ago, valued at 21.94 million USD, with a transfer price of 1,977.24 USD.Tracing back shows that the address withdrew a total of 33,398 ETH from Binance between February 2024 and April 2024 at an average price of 3,039.36 USD, with a total value of approximately 101 million USD; based on the current transfer price, if the aforementioned 11,101 ETH were sold, it would incur a loss of 11.79 million USD.

According to CoinDesk, Japan's ruling Liberal Democratic Party has proposed the establishment of a legal framework for cryptocurrency ETF trading and the promotion of the use of yen stablecoins. A group within the party that advocates for blockchain technology has submitted the relevant proposal to Finance Minister Satsuki Katayama. The proposal states that cryptocurrency ETFs can provide investors with a more understandable way to invest.