Standard Chartered analyst eyes $100K BTC as US Treasury doubles long-end buybacks
Related
Data: A whale deposited 4 million USDC into Hyperliquid and opened a long position of 500 BTC.
According to Mars Finance, on-chain analyst Yu Jin monitored that before the US stock market opened, a whale transferred 4 million USDC to Hyperliquid to open a long position of 500 BTC at an average price of $62,911, with a position size of approximately $31.48 million and a leverage ratio of approximately 8x, indicating a high risk of liquidation. This address also holds 12,027 ETH in the spot market, purchased in March at an average price of $2,068, currently showing a floating loss of approximately $3.6 million.
Holding 12,000 ETH in spot trading with a floating loss of $3.6 million, a whale opened a new long position in BTC worth $31.48 million.
According to Odaily Odaily, based on monitoring by on-chain analyst Yu Jin, just before the US stock market opened on Monday, a whale transferred 4 million USDC to Hyperliquid and opened a long position of 500 BTC at a price of $62,911, worth $31.48 million. This whale also holds 12,000 ETH in spot trading, purchased in March at an average price of $2,068, currently showing a paper loss of approximately $3.6 million.
This morning, an address opened a 20x long position of 600 BTC, becoming one of the top 6 BTC positions on Hyperliquid.
PANews reported on July 6th that, according to on-chain analyst Ai Yi, address 0x004…c1bb8 opened a 20x long position of 600 BTC at 8:30 AM this morning, worth $38.07 million, becoming one of the top 6 BTC positions on Hyperliquid. The entry price was $63,476. The stop-loss and take-profit orders were set as follows: take profit on 200 BTC at $65,000, take profit on 100 BTC at $66,000, and stop-loss on 200 BTC at $60,000.
The US debt of $39 trillion has raised long-term concerns, with analysts saying the risk of an unsustainable fiscal path is rising.
According to Mars Finance, as of July 5th, the US national debt had risen to approximately $39 trillion, equivalent to the total US GDP, with annual interest payments reaching about $1 trillion, exceeding the defense budget. The US national debt system can be traced back to the debt consolidation reforms promoted by Alexander Hamilton in 1790, when the federal government assumed the wartime debts of the states and promised full repayment, thus establishing the US credit system and laying the foundation for the global status of the dollar and US Treasury bonds. Today, US Treasury bonds are considered one of the core assets of the global financial system, supporting the US dollar's reserve currency status and being widely held by central banks and financial institutions worldwide. However, as the debt continues to expand, market concerns about long-term sustainability are intensifying. According to the Wharton Budget Model (PWBM) at the University of Pennsylvania, when the debt-to-GDP ratio exceeds approximately 210%, the fiscal system may face unsustainable risks. Currently, this ratio in the US is about 100%, and the Congressional Budget Office projects it could rise to 175% by 2056. Analysts believe that with rising healthcare spending and a continuously expanding fiscal deficit, this risk threshold may arrive earlier than expected, and the long-term stability of the debt structure is facing more stringent market and policy tests.
Bitcoin eyes new August lows as Binance longs face ‘cleanout’
Bitcoin futures open interest on Binance fell alongside BTC price as analysis published on CryptoQuant flagged mounting pressure on leveraged longs.
Robinhood Chain nears $1B TVL as Uniswap drives liquidity: Standard Chartered
Standard Chartered said Robinhood’s Uniswap integration could solve a key challenge for new blockchains while accelerating UNI token burns.