6 月 23 日，据 lookonchain 监测，贝莱德 ETHA 关联地址近 1 小时内向 Coinbase Prime 存入 8172 枚 ETH（价值 1840 万美元），这是其一个多月持续买入后的首次卖出动作。
另据 farside 数据，ETHA 在上周五（6 月 20 日）净流出 1970 万美元，今日资金变动或为完成该 ETF 于 6 月 20 日的资金流出操作。

<div><p>6 月 23 日，据 lookonchain 监测，贝莱德 ETHA 关联地址近 1 小时内向 Coinbase Prime 存入 8172 枚 ETH（价值 1840 万美元），这是其一个多月持续买入后的首次卖出动作。</p><p>另据 farside 数据，ETHA 在上周五（6 月 20 日）净流出 1970 万美元，今日资金变动或为完成该 ETF 于 6 月 20 日的资金流出操作。</p></div>

贝莱德ETHA上周五净流出1970万美元，今日关联地址向CEX存入8172枚ETH

On June 23, according to <lookonchain> monitoring, BlackRock's <ETHA> related address deposited 8,172 ETH (worth $18.4 million) to Coinbase Prime within nearly 1 hour, which is its first selling action after continuous buying for over a month.

According to <farside> data, <ETHA> net outflowed $19.7 million last Friday (June 20), and today's fund movement may be to complete the fund outflow operation of the ETF on June 20.

<div><p>On June 23, according to lookonchain monitoring, BlackRock's ETHA related address deposited 8,172 ETH (worth $18.4 million) to Coinbase Prime within nearly 1 hour, which is its first selling action after continuous buying for over a month.</p><p>According to farside data, ETHA net outflowed $19.7 million last Friday (June 20), and today's fund movement may be to complete the ETF's fund outflow operation on June 20.</p></div>

BlackRock ETHA had a net outflow of $19.7 million last Friday, and the associated address deposited 8,172 ETH to CEX today

Another case of "address poisoning," causing one user to lose $50 million. Photo: Techradar
The attack caused a shock.
A cryptocurrency user lost nearly $50 million USDT after mistakenly transferring the funds to...

Another case of "address poisoning," causing one user to lose $50 million.

Today we saw gold, silver, and palladium all hit new highs! Since the correction at the end of October, gold has been trading above the 25-35 day moving average; silver is rising along the four-hour moving average; and palladium is rising along the three-day moving average.
Synchronization: This "synchronized new highs" usually signifies the start of a major trend. Gold provides "stability," silver provides "elasticity," while the addition of palladium indicates a dual surge in industrial and investment demand.
In this clear upward trend, trading volume has not weakened significantly and no bearish structure has emerged. Don't try to short the short at the top; otherwise, you'll end up with...

Market Analysis | Gold, Silver, and Palladium Hit New Highs! How High Can They Go!?

Chapter 1: Executive Summary and Industry Landscape Analysis
As of December 19, 2025, the global digital asset mining sector is undergoing the most profound structural transformation since the birth of Bitcoin. With Bitcoin's price retreating to the $86,000 range after reaching an all-time high of approximately $125,000 in October 2025, and the total network hashrate surpassing the 1,000 EH/s mark, mining companies face the dual challenges of compressed profit margins and surging capital expenditures in the "post-halving era."

1.1 Industry Differentiation

Figure 1: Analysis of the Relationship between Hashrate and Market Capitalization of Major Mining Companies in 2025

The above figure clearly shows the current...