4E: SharpLink's holdings increased to 840,000 ETH; a giant whale with 140 million shorted BTC liquidated to take profits

ChainCatcher news, according to 4E observations, the Ethereum treasury company SharpLink has disclosed that its Ethereum holdings have increased to 840,124 ETH, of which 488 ETH came from staking rewards last week. Since the launch of its treasury strategy, the company has accumulated a total of 5,211 ETH in staking rewards, approximately 20 million USD.

On-chain data shows that a mysterious whale, which previously held 140 million USD in Bitcoin short positions, has fully liquidated its position for a profit of 4.24 million USD early this morning. The current balance of this address is approximately 36.25 million USD and has not yet been withdrawn.

On the macro front, U.S. Treasury Secretary Yellen stated that she will recommend 3 to 4 candidates for the Federal Reserve Chair to Trump after Thanksgiving, with interviews scheduled for December. SEC Chairman Paul Atkins mentioned during Washington Fintech Week that cryptocurrency and tokenization are top priorities for the SEC, with an "innovation exemption" mechanism expected to be launched by the end of the year.

Additionally, the U.S. Senate has rejected the Republican funding bill, and there is still no clear solution to the government shutdown. Gold continues its upward trend driven by risk-averse sentiment. Analysts point out that 40% of ETH has exited circulation, and supply tightening may drive ETH into a new upward cycle, with some institutions predicting its fair value range to be 8,000 to 10,000 USD.

4E reminds investors: Expectations of macro interest rate cuts and the return of on-chain funds are strengthening market confidence, but short-term liquidity tightness and policy uncertainty may still exacerbate volatility. Attention should be paid to the impact of the Federal Reserve meeting and institutional accumulation pace on market structure.