Ethereum Whale Executes Major CEX Withdrawal of $15.51M

Analysis: Ethereum is currently in a "narrative vacuum," with institutional funding and privacy modes becoming key variables for the future

Ethereum is currently in a "narrative gap period," with the market lacking long-term value logic, and focus shifting to zero-knowledge technology and privacy capabilities. Attracting institutional funds requires protocol-level privacy. Additionally, the expansion of spot ETFs is also changing the price formation mechanism of Ethereum.

The bear market still needs to last for several more months! CryptoQuant: Bitcoin's "ultimate bottom" is at $55,000

Bitcoin has recently shown weak performance, and many investors are curious about "where the bottom really is." Analytical firm CryptoQuant points out that the "ultimate bottom" of this Bitcoin bear market is around $55,000. However, the market is still several months away from "completing the bottom formation," and it may take repeated testing; it won't be over with just one "panic sell-off" or "capitulation." Key Indicator 1: The "Realized Price" Support Level Has Not Been Broken CryptoQuant states that Bitcoin's "Realized Price (the average cost of all Bitcoins last moved on the market)" has almost always served as a long-term price support zone during previous bear markets. Therefore, it is considered an important reference for the "ultimate bottom." CryptoQuant indicates that Bitcoin is currently about 25% above its realized price. In past bear markets, such as during the FTX collapse,