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BlockBeats News, July 4th. The Jupiter Strategic Reserve Trust Fund, Jupiter Litterbox Trust, increased its holdings by 186,546 JUP yesterday, worth approximately $45,000. So far this month, it has accumulated purchases of 1,226,119 JUP, worth around $300,000. To date, its total purchase amount is 145,028,229 JUP, with a value of approximately $34.8 million. The Jupiter Strategic Reserve Trust Fund is the official on-chain treasury fund of Jupiter. It automatically channels 50% of the Jupiter Protocol revenue and continuously buys and holds JUP tokens on the open market through a smart contract. The community often jokingly refers to it as the "Litterbox Trust."

PRO Chip Distribution data shows: In the past 48 hours, 50% of ETH transactions were concentrated in the $1,687.33 to $1,747.07 range. Currently, the ETH price is above this concentration zone, approximately 0.49% above the upper boundary of the range. This position was previously a key resistance level for the breakout and has now turned into potential support. If ETH pulls back and is able to gain effective support at $1,747.07, it indicates the previous breakout is valid and the price trend may continue. PRO users can use the "Chip Distribution" indicator to confirm trading volume changes at this support level and assess its strength. Data is for reference only.

BlockBeats news, July 4, crypto analyst Murphy pointed out that the average cost of Bitcoin short-term holders (positions held for less than 1 month and less than 3 months) is concentrated in the $64,000 to $68,000 range. The price needs repeated attempts to break through in order for the cost trend line to gradually converge, but each breakthrough attempt triggers some shaky holders to sell as their unrealized losses turn into gains. This "breakthrough—resistance—pullback—breakthrough again" cycle is the necessary process to form a consensus bottom. Based on this, the analyst divides the current rebound expectations into three levels: $64,000 and $68,000 correspond to the aforementioned cost logic, while $70,000 is the location of the short-term holder realized price (STH-RP), which is often viewed as the ceiling for bear market rebounds. In the on-chain data analysis framework, STH-RP is the emotional bull-bear dividing line, and every trend reversal starts with the last breakthrough of this line. The analyst personally leans towards this round being a "weak rebound," expecting a rise to the $64,000 to $68,000 range. If it unexpectedly breaks through $70,000, it would be defined as a strong rebound, at which point they would consider partially taking profits on existing positions to allow for room for further adjustments. Option market data simultaneously shows that market makers are in a positive Gamma position around $62,000, and hedging behavior as the price approaches will suppress volatility. After the breakthrough, the next positive Gamma region is precisely between $66,000 and $68,000, also forming a resistance area.