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According to Jinse Finance, on-chain analyst Yujin has observed that the "insider whale" has once again had their short positions liquidated. In fact, their positions had already been reduced to just $43.68 million after being liquidated on July 3, but after a slight BTC price pullback, they increased their positions again. This time, the $16.28 million margin for opening short positions has now dwindled to only $800,000, resulting in a loss of $15.48 million on this short trade. The remaining positions after multiple liquidations now stand at $47.34 million: a 40x short position of 368 BTC, valued at $40.05 million, with an entry price of $107,724 and a liquidation price of $109,196; and a 25x short position of 2,846 ETH, valued at $7.28 million, with an entry price of $2,452 and a liquidation price of $2,611.

Odaily Planet Daily reported that the number of transactions in Bitcoin’s mempool (the queue of unconfirmed transactions) has dropped significantly compared to the end of 2024. Observers believe that an idle mempool signals an impending crisis. Data shows that as of this Saturday, there were just over 5,000 transactions waiting to be included in the Bitcoin mempool, and the total number of transactions had risen to 15,000 at the time of writing. However, this is still far below the 150,000 transactions seen when BTC first surpassed $100,000 at the end of 2024. Joao Wedson, CEO and founder of crypto data analytics platform Alphractal, stated that an idle Bitcoin mempool indicates a lack of retail participation in the market. (CoinDesk)