According to Mihir (@RhythmicAnalyst), ORCA is approaching its breakout zone, suggesting a potential trading opportunity as the price movement could indicate a bullish momentum. Traders should monitor ORCA closely for any confirmed breakout signals which might lead to increased investment interest. This development is crucial for those looking to capitalize on short-term price movements.

According to Ai 姨, Wintermute has deposited 2.5 million ORCA tokens, valued at $9.62 million, into an exchange. Since Wintermute received these tokens, the ORCA price has dropped by 29.7%, from $3.642 to $2.56. This significant movement is crucial for traders monitoring ORCA's price action and market liquidity.

According to Ai 姨, both ACX and ORCA, which were listed on Binance on the same day, have begun to rebound significantly. This indicates a positive market reaction and suggests potential trading opportunities for these cryptocurrencies due to increased visibility and liquidity from being listed on a major exchange.

According to Ai 姨, Upbit's listing of $ORCA has led to a substantial price discrepancy among exchanges, with Upbit's price at 8,686 KRW (approximately $5.94), Binance at $4.808, and futures contracts at $3.43. The funding rate for shorts has reached 2% and maintained for four hours due to Binance's withdrawal pause, affecting spot prices.

According to @CCData_io, significant developments in the cryptocurrency market include a 19% surge in trading volumes in July, reaching nearly $5 trillion. Additionally, Russia has legalized cryptocurrency mining, which could impact global mining dynamics. FTX and Alameda have reached a $12.7 billion settlement with the CFTC to repay creditors, signaling a major resolution in ongoing regulatory issues. Notable market movers include Helium (HNT), Zcash (ZEC), and Orca (ORCA).