Bitcoin has retested the $30,000 price level and is currently trading at $30,135, up by 1.47%. Its dominance in the market has also increased to 51.5%, the highest it has been in three years. This growth is attributed to the positive outlook of the market, the recent legal victory of Ripple against the SEC, and the expectation of spot ETF approval. The upcoming Bitcoin halving event is also seen as a potential trigger for its elevated dominance level.
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Bitcoin Price Retests $30,000 Level as Dominance Hits 3-Year High
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Cointime August 4 News Express
1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX -
Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX
According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches.
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