According to BlockBeats, on August 16, data from Coinglass indicated that if Bitcoin breaks through $65,000, the cumulative short-selling intensity on major CEXs will reach $244 million.

Conversely, if Bitcoin falls below $61,000, the cumulative liquidation intensity of long positions on major CEXs will reach $253 million.

BlockBeats Note: The liquidation chart does not show the exact number of contracts pending liquidation, or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance, or strength, of each liquidation cluster relative to its neighboring liquidation clusters.

Therefore, the liquidation chart shows the extent to which the price of an asset is affected when it reaches a certain level. Higher "liquidation bars" indicate that the price will react more strongly due to liquidity surges once it reaches that level.

According to BlockBeats, on August 16th, South Korean media reported that Samsung Electronics and SK Hynix have recently rebounded, and related single-stock leveraged ETFs have also risen sharply. However, investors who bought near the highs of June 25th are still facing significant losses. As of August 14th, Samsung Electronics' stock price had fallen 23.43% from its closing price on June 25th, while SK Hynix's had fallen 43.61% over the same period.

Data shows that the seven Samsung Electronics single-stock leveraged ETFs have suffered an average loss of 52.25% since June 25th, while the seven SK Hynix leveraged ETFs have suffered an average loss of 76.51%. If an investment of 1 million won had been made at that time, the average net worth would now be only about 478,000 won and 235,000 won respectively. Based on current net asset value, the two types of ETFs would need to rise by approximately 109.4% and 325.7% respectively to break even.

Because these leveraged ETFs track twice the daily return of their underlying assets, the required increase in the underlying asset's value to recover cannot be simply calculated using a 2x ratio. Furthermore, repeated price fluctuations can lead to volatility loss. Assuming the underlying asset rises at the same rate every day for the next 20 trading days and never falls, Samsung Electronics would need to rise approximately 45.2% to 398,600 won, and SK Hynix would need to rise approximately 109.1% to 3,439,000 won for the average loss of the relevant leveraged ETFs to be eliminated.

Currently, Samsung Electronics and SK Hynix's 12-month forward price-to-earnings ratios have fallen to 4.5 and 3.7 times, respectively. Kim Dong-won, head of research at KB Securities, said that storage demand is expected to further strengthen in the coming years, and he anticipates that both companies will see a revaluation of their stock prices starting from the third quarter.

According to BlockBeats, on August 16, based on GMGN data, the market capitalization of Meme coin "Niu Lai" on BNB Chain briefly fell below $14 million, currently trading at $14.02 million, a drop of over 51% from its peak.

BlockBeats reminds users that Meme coins have few real-world use cases, their prices fluctuate greatly, and investment should be approached with caution.