Cryptocurrency sold a record 24,000 BTC amid the collapse of the market’s flagship

The market capitalization of cryptocurrencies decreased by 0.89% over the day to $ 3.95 trillion. The Fear and Greed Index returned to a neutral value of 50, and the CMC100 indicator dropped by 1.18% to $ 244.57. Despite long-term positive forecasts, experts emphasize that the activity of major players can dramatically change market trends in just a few hours.

Bitcoin BTC $112,510.00 Mezo Wrapped BTC -2.60% Market capitalization $40.91 million VOL. 24 hours $2.8 billion fell below $ 111,000 again after the US Federal Reserve’s monetary policy announcement. The reason for the collapse was the sharp sale of more than 24,000 BTC by one player, which is equal to almost $ 310 million. Analysts note that the funds that were transferred to the HTX exchange six years ago have been withdrawn from the wallets associated with this investor. At the same time, he still has more than 152,000 BTC.

This transaction launched a wave of liquidations on leading exchanges, especially among leveraged traders. According to analysts, Bitcoin has «wiped out all of Friday’s gains» and may continue to consolidate throughout August and September. If the corrections are normal, it is the first cryptocurrency that has experienced the greatest pressure compared to other assets.

Ethereum ETH $4,366.65 Bridged Ether (StarkGate) -9.07% Market capitalization $0.11 billion VOL. 24 hours $4.6 billion retained some stability, holding above $ 4,700, despite a 0.83% drop over the day. In total, ETH gained more than 10% over the week due to the inflow of funds into staking and increased institutional demand.

XRP XRP $2.85 XRP -6.05% Market capitalization $169.77 billion VOL. 24 hours $0.51 billion traded at $ 3.04, down 0.31%, while BNB remained almost unchanged at $ 877.86. Its stability is attributed to the fact that China Renaissance has invested $ 100 million in the token, becoming the first public company from Hong Kong to own BNB. Solana dropped to $ 210.47, down 0.93%, but still showing 15% growth for the week. Dogecoin lost 1.54% and dropped to $ 0.2322, repeating the dynamics of the meme coin market.