News

(1) The Russian Ministry of Defense stated on Monday that Ukraine launched a nighttime attack on the Novorossiysk port marine transshipment complex, damaging a Caspian Pipeline Consortium (CPC) mooring point and setting fire to four refined oil storage tanks. The Ukrainian military claimed its drones struck the Sheskharis oil loading facility, located about 15 kilometers from the CPC terminal. (2) Kazakhstan’s Ministry of Energy responded on Tuesday, noting that oil transportation via CPC remains stable. Deputy Minister Yesimkhanov stated that the oil sector is operating steadily and exports are unaffected. The CPC terminal handles 80% of Kazakhstan’s crude oil exports, with 70.5 million tonnes (about 1.53 million barrels/day) expected to be supplied in 2025. Shareholders include Chevron and ExxonMobil. (3) Ukraine has not commented on the attack on the CPC facility. At the end of November last year, Ukraine attacked the CPC facility and destroyed a floating mooring point, causing CPC to suspend operations for several days.

CryptoQuant analyst Darkfost stated that currently, the cost price for Bitcoin short-term holders (those holding BTC for less than six months) is around $85,400, with an average unrealized loss status of about 19.4%. This could trigger two types of behavior: some investors may continue holding and become long-term holders, while others may choose to exit the market, causing increased market volatility and triggering "capitulation selling." Historical data shows that when short-term holders’ unrealized losses exceed 25%, it usually corresponds to the early stage of market bottoms, accompanied by higher volatility.

Analysis indicates that the supply of long-term Bitcoin holders has turned positive again, showing that holding behavior currently dominates the market rather than selling, even though Bitcoin is still fluctuating within a range. (CryptoQuant)