According to Cas Abbé, the creation of a US Strategic Bitcoin Reserve would involve capitalizing the reserve with Bitcoin owned by the federal government, specifically Bitcoin forfeited as part of legal actions. This approach avoids the use of taxpayer money for accumulation, mitigating political risks associated with significant BTC price drops.

According to @glassnode, Bybit's historic $1.48 billion hack has resulted in significant panic withdrawals and a market-wide sell-off, leading to a Bitcoin price drop of 20% below its all-time high. This has caused Bitcoin to trade 5% below the cost basis of short-term holders, indicating severe financial strain for new investors. The information is detailed in their latest Week On-Chain report.

According to Cas Abbé, Bitcoin's dominance reached a peak at 62%. The expected scenario for BTC dominance to increase further was through a BTC price drop, which occurred. However, BTC dominance decreased instead, indicating that altcoin capitulation has happened. This shift suggests a potentially bullish outlook for altcoin holdings.

According to PeckShieldAlert, an address (0x588f...a3d3) was liquidated for 18.18 WBTC, valued at approximately $1.58 million, when Bitcoin's price fell to around $86,000. This highlights the risks associated with leveraged positions in volatile markets, where sudden price drops can trigger liquidations, impacting traders' portfolios.

According to PeckShieldAlert, an address (0xa59e...d8ba) was liquidated for 14.54 WBTC, valued at approximately $1.31 million, due to Bitcoin's price falling below $89,000.