Bitcoin breaks through $58,000:
The recent trend of the crypto market is indeed a bit confusing. Every time Bitcoin tries to break through a resistance level, there is always some unfavorable news. It seems that there is always artificial suppression. Although Bitcoin has experienced a sharp correction again, there are still whales who continue to increase their holdings. Marathon Digital announced that they purchased 4,144 BTC (US$249 million) at an average price of US$59,500 between August 12 and August 14.
On-chain data shows that Marathon has received 3,896 BTC (US$227.9 million) from Galaxy Digital, FalconX and NYDIG. According to on-chain data monitoring, the US spot Bitcoin ETF had a net inflow of US$11 million yesterday.
