According to Intotheblock, 1.60 million addresses have cumulatively bought 1.57 million BTC at an average price of $97,200 and are currently forming a resistance level. Since these holders are currently losing money, they may choose to sell near the break-even point, adding selling pressure amid market uncertainty and complicating BTC's upside breakout.
L2 project BOB announced the completion of a $1.60 million strategic round of financing, led by Ledger Ventures, from BlackRock, Rarible, Ordinals, Aave, Curve, Threshold, Magic Eden, Mechanism, Injective, Vessel Capital, Babylon and Centrifuge and other institutions and project parties participated. It is reported that $1 million in this round of financing will be allocated to the BOB incubator to support startups focusing on Bitcoin infrastructure and BOB dApps development.