Ethereum OG Continues Large-Scale ETH Sell-Off

Ethereum Co-Founder Vitalik Buterin Sells 2,961 ETH Over Three Days for Planned Initiatives

Key Takeaways Vitalik sold 2,961.5 ETH worth ~$6.6 million over the past three days at an average price of $2,228, with sales still ongoing

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 analysis firm CryptoQuant predicts its "ultimate bottom" will be around $55,000. The market still needs several months to complete its bottoming process, as the current realized price is still about 25% higher, and the scale of losses is not enough to indicate that the bottom is near. Historical data shows that bottoms usually take 4 to 6 months to form and have not entered the "capitulation zone." Currently, 55% of Bitcoin is in profit, indicating that the market is still in a bear phase.

Ethereum Foundation Co-Executive Director: Ethereum can become a chain driven by large language models, currently with natural advantages

Tomasz Stańczak, Co-Executive Director of the Ethereum Foundation, stated that Ethereum becoming the first chain driven by large language models is crucial and has natural advantages. He revealed that the foundation has established a decentralized artificial intelligence team and hired a tool coordinator to advance this process.