News list for " break-even"
According to Lookonchain, when the LDO price reached the break-even point, a whale deposited 1.40 million LDOs (3.03 million USD) into Binance. Between June 21 and June 26, the whale bought 1.40 million LDOs ($3.09 million) at $2.21, 39,469 AAVEs ($3.25 million) at $82.44, and 2,561 MKRs ($6.32 million) at $2,470. Currently, AAVE makes $6.97 million and MKR loses $783,000.
According to Lookonchain, one whale sold 100 BTC ($5.35 million) when the price fell near the break-even point, making a profit of $206,000. The @intotheblock data shows that 836,000 addresses bought around 402,800 BTC ($21 billion) for $51,113 to $54,303. These addresses are likely to be sold near the break-even point.
QCP Capital said that miners are under tremendous selling pressure due to the rise in break-even prices after the halving. Miners' BTC holdings have fallen to the lowest level in the past 14 years, with total reserves down 50,000 from the beginning of the year. The market is also spooked by the emergence of a large amount of new supply. The German government is said to have sold around 3,000 bitcoins in the past few days and will sell 47,000 more in the future.
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