Bitcoin CME Futures Premium Slides, Suggests Waning Institutional Appetite

According to on-chain analyst @ai_9684xtpa's monitoring, the address 0x847...42a0E, which is suspected to belong to Justin Sun, transferred 120,000 PENDLE (worth $748,000) to Binance 10 minutes ago. This address has accumulated a total of 2.16 million PENDLE in the past two months, with a total value of $12.96 million and an average cost of $4.76. If all are sold, the profit will be $3.1 million. [Wu Shuo]