Bitcoin (BTC) — Onchain News & Whale Tracking

Strategy CEO: The company will continue to accumulate more Bitcoin this year.

MicroStrategy CEO Phong Le told Fox News in an interview that the company will continue to increase its Bitcoin holdings this year.

Bitcoin ETFs See $141M Outflow, Ethereum ETFs Lose $27M as Weekly Inflows Remain Positive

August 11 Update: #Bitcoin ETFs: 1D NetFlow: -2,209 $BTC(-$141.23M)?? 7D NetFlow: +8,545 $BTC(+$546.45M)?? #Ethereum ETFs: 1D NetFlow: -14,499 $ETH(-$27.22M)?? 7D NetFlow: +110,579 $ETH(+$207.62M)??

Bitcoin treasury firm 21 Capital posts net loss of $413.5 million in Q2

Bitcoin treasury firm Twenty One Capital posted a net loss of $413.5 million in the second quarter, driven mainly by a $401.5 million decline in the value of its bitcoin holdings. Twenty One Capital (XXI) new CEO Raphael Zagury said the Tether-backed firm now needs to become a company that is "more than just a bitcoin treasury," and unveiled development plans covering mergers and acquisitions (M&A), capital markets operations, bitcoin mortgage lending, and other areas.

The Central Bank of Russia has proposed allowing Bitcoin, Ethereum, and USDT to be traded on regulated trading platforms.

The Bank of Russia has drawn up a list of crypto assets that, under newly approved rules last week, will be allowed to trade publicly on trading platforms. The central bank announced Tuesday that the list includes Bitcoin, Ethereum, and USDT. It noted that these assets meet relevant access criteria, including market capitalization, average daily trading volume, and at least five years of price history in overseas markets. The proposal follows a new law signed by Russian President Vladimir Putin on August 4, which grants the Bank of Russia the authority to determine which digital currencies can access organized trading markets and to set relevant trading rules.

FalconX deposits 300 Bitcoin on Coinbase, with a total value of approximately $19.18 million.

According to monitoring by Onchain Lens, FalconX has deposited 300 BTC into Coinbase: 200 BTC was transferred six hours ago, and the remaining 100 BTC was deposited just minutes ago, with a total value of approximately $19.18 million.

A crypto whale has opened a short position of 1,100 Bitcoin, currently holding an unrealized profit of approximately $650,000.

According to monitoring by OnchainDataNerd, a whale has opened a short position of 1,100 BTC at a price of $64,487, worth approximately $70.41 million. Currently, the unrealized profit on this short position is around $650,000, with a liquidation price of $66,305.

Yesterday, Bitcoin ETFs recorded a net outflow of $144.6 million, while Ethereum ETFs saw a net outflow of $14.6 million.

According to Farside Investors' monitoring, U.S. spot Bitcoin ETFs recorded a net outflow of $144.6 million yesterday. Breakdown: IBIT saw a net outflow of $53.6 million, FBTC $40.3 million, BITB $28.4 million, GBTC $52 million, while Grayscale Bitcoin posted a net inflow of $37.1 million. Ethereum ETFs had a net outflow of $14.6 million yesterday, with ETHA logging a net outflow of $23.8 million.

Heavily promoted Bitcoin BIP-110 fork fails; Luke Dashjr announces leave of absence.

Luke Dashjr, chairman and CTO of OCEAN Mining Pool, announced he is taking a leave of absence from the pool to focus on developing Bitcoin and related open-source projects. He noted that Bitcoin is currently facing a serious attack, so he cannot truly rest. Dashjr also reiterated that there is only one Bitcoin blockchain, and explicitly stated he does not support any fork versions. Earlier reports said Wang Chun, co-founder of F2Pool, publicly criticized Dashjr after the BIP-110 fork failed, claiming he is "not only financially bankrupt but also has lost all personal credibility."

Strategy CEO: Bitcoin alone fails to meet investor demands, leading the firm to adjust its strategy to build up cash reserves.

Strategy CEO Phong Le stated that the company currently holds $4.75 billion in cash reserves, sufficient to cover roughly 2.7 years of dividend payments. He added that while the firm had previously expected investors to highly value Bitcoin’s liquidity and long-term growth potential, after rolling out preferred stock products, it found institutional and short-term capital investors still prioritize cash liquidity. Strategy is transitioning from solely buying and holding Bitcoin to a broader digital credit business. The company has launched preferred stock products including STRC, providing an option for investors seeking Bitcoin-related returns while wanting to mitigate volatility. Le noted that though he would personally prefer holding Bitcoin, the successful operation of these preferred stock products will ultimately benefit MSTR and the company’s Bitcoin strategy. Le also said Strategy aims to become “the JPMorgan of digital finance,” envisioning that other firms could eventually develop new investment tools based on Strategy’s financial products, decentralized finance (DeFi) could further expand into various risk and return profiles, and channel more capital into Bitcoin. Currently, Strategy holds around 840,000 BTC, equivalent to roughly 4% of Bitcoin’s total 21 million token supply. Le remarked: “We have now become a bellwether and also the central bank of Bitcoin.” Furthermore, the company’s traditional software business remains on an upward trajectory, with software revenue rising 7% year-over-year and cloud subscription revenue growing 54%.

BlackRock: Bitcoin market sentiment is shifting, with a gradual decoupling trend from U.S. stocks emerging.

BlackRock’s Head of Digital Assets, Robert Mitchnick, said Bitcoin market sentiment has seen a “clear yet subtle” shift over the past month or so. Earlier this year, Bitcoin gradually decoupled from U.S. equities; prior to that, BTC had underperformed amid a rally in AI stocks, a decoupling that was once unfavorable for Bitcoin. Mitchnick noted that when AI stocks saw a sharp pullback in July, Bitcoin outperformed U.S. equities significantly. He views this decoupling as healthy, as many investors see Bitcoin as a diversification tool in portfolios and a potential hedge against tail risks facing other assets. He added that Bitcoin ETF investors as a whole remain dominated by fundamental-driven, long-term capital. In terms of fund flows, U.S. spot Bitcoin ETFs recorded net inflows for five consecutive trading days last week, totaling around $853.5 million, marking their best weekly performance since mid-April. Of this total, BlackRock’s IBIT saw net inflows of $693.7 million, accounting for over 80% of all spot Bitcoin ETF net inflows; Fidelity’s related ETFs recorded net inflows of $116.4 million, making up around 13% of the total. Mitchnick said Bitcoin has historically been highly volatile, having gone through five major boom-and-bust cycles so far, with prices at the end of each cycle significantly higher than the previous one, though the process is marked by extreme volatility.

Crypto whale outlines 10 key goals: Still views the current zone as Bitcoin's temporary phase bottom; reducing positions is not a shift in direction but a risk control measure.

Contract whale "先定10个大目标" (@jasonleo) posted that his medium- and long-term trend judgment remains unchanged, and he still views the current zone as a phased bottom. Barring an extreme structural crash, his assessment of the current BTC bottom zone remains around $58,000. He stated that reducing two-thirds of his position near the $64,000 cost level was not a shift in direction, but an active move to control position risk and reserve room for extreme scenarios. If future price movements align with expectations, he will look for opportunities to gradually repurchase the positions he trimmed earlier. He also emphasized that the account is only used to record personal trades, functioning as a trading journal, and warned others not to copy his trades. He typically uses 3x to 5x leverage and prioritizes risk control. Recently, Bitcoin has been trading sideways overall; with proper position management, losses are usually limited, but for traders using high leverage such as 10x or 50x, risks are significantly amplified.

Keel shuts down all its U.S. bitcoin mining operations, accelerating its shift to AI data centers.

Keel Infrastructure (formerly Bitfarms) announced in its latest quarterly financial report that it has shut down all its U.S. bitcoin mining operations and begun converting related sites into AI and high-performance computing data centers. The company completed a restructuring in April this year, making Keel the parent entity of Bitfarms Ltd., and has been shifting its business focus from bitcoin mining to computing power infrastructure while continuing to reduce its BTC holdings. Between April 1 and August 7, Keel sold a total of 1,085 BTC, generating $75 million in proceeds, and currently holds 1,861 BTC on its balance sheet. The company said it is continuing to "phase out" its bitcoin holdings. Its quarterly revenue reached $30 million, down 50% year-over-year, primarily due to falling bitcoin prices and the closure of the Moses Lake crypto mine. Net income shifted from nearly $11 million in Q2 2025 to a net loss of $141 million. The company’s stock price dropped more than 11% during Monday’s trading session. Keel CEO Ben Gagnon stated: "Power is the limiting factor. Everything else is built on top of that." He noted that the company’s three key sites are nearly fully permitted, with multiple potential tenants in negotiations. Currently, Keel holds $819 million in liquidity, plus uncommitted 2027 capacity in the PJM grid and Washington state.

Crypto whale "sets 10 major goals first": Reduces two-thirds of its Bitcoin long positions, bringing its holdings to around 1,240 BTC.

Contract whale "First Set 10 Big Goals" (@jasonleo) posted that due to BTC failing to hold above $65,000, he has reduced roughly two-thirds of his long positions at above the cost price, cutting his holdings from around 3,500 BTC to approximately 1,240 BTC while retaining some positions to monitor the market. The position screenshot he shared shows he currently holds 1,241.644 BTC with 5x long leverage, with an average entry price of around $63,967.54, margin of about $15.87 million, unrealized loss of roughly $52,000, and liquidation price of approximately $29,267.82.

Trump Media reported a $360.6 million loss on crypto assets in the first half of the year, with its Bitcoin (BTC) holdings falling to 9,477 coins.

Quarterly financial filings from Trump Media & Technology Group (DJT) show that as of June 30, the company held 9,477.16 BTC with a fair value of approximately $557.1 million, a decrease of 65 BTC from the 9,542.16 BTC it held at the end of March. Due to declines in cryptocurrency prices, the company recorded related losses of roughly $360.6 million in the first half of this year. The company’s holdings of approximately 756.1 million Cronos (CRO) tokens remained unchanged, though their fair value dropped from $68 million at the end of 2025 to $40.6 million. Meanwhile, some of Trump Media’s Bitcoin has been used as collateral: 4,260.73 BTC for convertible notes, and an additional 2,077.34 BTC for Bitcoin options strategies. Earlier, Trump Media, Crypto.com, and Yorkville Acquisition jointly terminated the proposed business combination to form the Trump Media Group CRO Strategy. The entity had planned to build a large CRO treasury as a public company, with the parties citing "current market conditions and changes in business and stakeholder priorities" as reasons for the termination.

Viewpoint: The current selling pressure on Bitcoin mainly stems from Binance and OKX, while Coinbase and the futures market continue to accumulate Bitcoin.

Analysts attribute the recent drop in Bitcoin’s price primarily to net selling activity on Binance and OKX’s spot markets. The net selling volume on both exchanges continues to swell, representing a major source of downward pressure for the current market. By comparison, Coinbase’s spot market has remained in net buying territory, suggesting that some institutional capital is still accumulating Bitcoin on dips. At the same time, buying momentum in Bitcoin’s futures market is strengthening rapidly. Data indicates that amid the price correction, large investors (whales) in the futures space are consistently purchasing Bitcoin, signaling that some funds are leveraging the downturn to open long positions.

Bitcoin ETFs see $111.94M inflow, Ethereum ETFs add $56.78M as weekly flows surge

August 10 Update: #Bitcoin ETFs: 1D NetFlow: +1,731 $BTC(+$111.94M)?? 7D NetFlow: +12,354 $BTC(+$798.68M)?? #Ethereum ETFs: 1D NetFlow: +29,914 $ETH(+$56.78M)?? 7D NetFlow: +118,521 $ETH(+$224.97M)??

A dormant Bitcoin address inactive for over 12 years has transferred out all 26.95 BTC, posting an unrealized profit of $1.73 million.

According to on-chain data, a Bitcoin whale dormant for over 12 years has reactivated. The whale accumulated 26.95 BTC when Bitcoin’s price stood at just $823.1. At 15:03:02 Beijing time today, the wallet address transferred out all 26.95 BTC, posting an unrealized profit of $1.73 million.

Fake Wasabi Wallet application has emerged on the Apple Store, with one user losing approximately 6 Bitcoin.

According to Com Feed's monitoring, a fake Wasabi Wallet app has emerged on Apple's App Store, resulting in one user losing around 6 Bitcoin. This is the 27th fake wallet application to be listed on the Apple Store so far this year.

Analysis: Bitcoin's coin concentration rises to 14.8%, volatility risks are building up

Independent analyst Murphy posted a note stating that Bitcoin’s (BTC) concentration of holdings has risen to 14.8%, approaching what he calls the "high-risk zone". He noted that this risk does not mean BTC’s price will definitely rise or fall, but rather that market volatility is likely to intensify. Based on historical data, when the concentration curve starts to reverse, if BTC’s price was in an uptrend before, the probability of further upward volatility is higher; conversely, if the price was in a downtrend, the likelihood of continued downward movement is greater. However, the concentration curve is still rising, so it is temporarily impossible to determine which direction BTC is more likely to move next, but market risks are accumulating and volatility may be brewing.

Empery Digital has sold 1,635 bitcoins since July.

Bitcoin treasury firm Empery Digital sold a cumulative 1,635 BTC between July 1 and August 6, 2026, netting approximately $102.2 million in proceeds. Its current BTC holdings have fallen to 1,279, with 954 of those coins pledged as collateral for a $35 million debt, leaving only 325 BTC freely available — a sharp drop from the 1,375 it held as of June 30.

Strategy CEO: Bitcoin has once again demonstrated resilience, even amid tests including Strategy's sell-offs and security threats.

Strategy CEO Phong Le published a post stating that Bitcoin has once again demonstrated resilience, even amid Strategy’s sell-off, security threats, stalled Senate legislation, and a soft fork.

Analysts: Bitcoin faces resistance at the $67,000 and $72,000 cost levels, with potential selling pressure.

CryptoQuant analyst ShayanMarkets noted that Bitcoin’s realized price UTXO time intervals show investors who have held BTC for 1 to 3 months and 3 to 6 months have average cost bases of approximately $67,000 and $72,000 respectively. Both figures are currently higher than BTC’s spot price of around $65,000, meaning these two groups of holders are collectively in unrealized loss. The $67,000 cost line for 1-3 month holders is closer to the current price. If Bitcoin continues its rebound, these loss-making holders may reduce their positions once the price approaches their cost basis, creating resistance at this level. The $72,000 cost line for 3-6 month holders forms a higher resistance level. If Bitcoin can reclaim both of these realized price levels, it would signal that the market is absorbing potential sell orders from recent buyers and strengthen the outlook for a market recovery. Until then, Bitcoin still faces significant resistance on the upside.

Cathie Wood: Bitcoin and stablecoins may emerge as two major beneficiaries of the commercial transformation of smart agents

Cathie Wood, widely known as "Wood" (her Chinese nickname "木头姐"), believes the latest U.S. jobs report may appear concerning on the surface, but the actual situation is not as bad as it seems. The real focus should be on the economic shifts behind the employment data. The U.S. federal deficit currently stands at 5.6% of GDP, a level she notes is similar to that in the early 1980s at the start of Reaganomics. If productivity and technology adoption continue to accelerate as ARK Invest expects, this ratio could approach 5% by year-end. She added that the bigger risk ahead may not be inflation, but deflation—especially for companies that fail to adopt AI and productivity tools. On oil, a supply glut is forming: after the UAE exited OPEC in May, its production hit an all-time high. Cathie Wood forecasts oil prices could drop sharply, viewing this as a deflationary driver for most of the world. Meanwhile, capital expenditure has broken out of its 30-year range. She argues that market fears of an AI bubble are overblown, as the technology remains in the early stages of its revolution. On crypto assets, Cathie Wood says Bitcoin’s performance relative to gold is stabilizing again, and she believes Bitcoin and stablecoins could be two major beneficiaries of the commercial transformation of AI agents.

Bitcoin breaks through $65,000.

According to HTX market data, Bitcoin has broken through the $65,000 mark, with a 0.05% increase in the past 24 hours.

Michael Saylor Releases Bitcoin Tracker Information Again

Strategy founder Michael Saylor has once again shared updates related to Bitcoin Tracker, with the caption "Doing Business." Per historical patterns, Strategy usually discloses its Bitcoin purchase news the day after such posts. However, the firm has not increased its Bitcoin holdings recently; instead, it sold 1,637 BTC last week, bringing its total holdings down to 842,138 BTC.

The probability that Bitcoin will rise to $70,000 this month is 31%.

Prediction market platform Polymarket currently assigns a 31% probability to Bitcoin hitting $70,000 in August. Additionally, the platform puts a 6% chance on Bitcoin reaching $75,000, and a 30% probability of it falling to $60,000.

Bitcoin payment processor BTCPay Server confirms critical vulnerability leading to fund theft, urges LND users to upgrade immediately.

BTCPay Server has issued an emergency security advisory, stating that all versions prior to 2.4.2 (including the 2.4.2 release candidate) contain a critical vulnerability that has been actively exploited by attackers, resulting in user funds being stolen. The vulnerability allows unauthenticated remote attackers to obtain LND (Lightning Network implementation) .macaroon credential files, enabling them to take control of LND nodes and transfer funds. The official has confirmed the vulnerability was exploited to cause user fund losses, and urges all LND users to immediately upgrade to BTCPay Server 2.4.2 and LND 0.21.1. BTCPay Server’s on-chain wallets themselves are not affected. The official has not yet disclosed the exact amount of stolen funds. Public information shows that BTCPay Server is a free, open-source, self-hosted Bitcoin payment processor, focused on providing fee-free, non-custodial Bitcoin payment solutions for sovereign individuals and businesses. Core protocol contributors estimate there may be hundreds of thousands of BTCPay Server instances running globally, with over 1 million downloads from its main GitHub repository.

Prominent Crypto Trader: Bitcoin in Narrow Short-Term Consolidation, $65,300 Is Key Watershed Level.

Well-known trader Killa has shared Bitcoin technical analysis insights, noting that if BTC falls below its current weekly high of $65,300, it will retest the monthly opening price of around $62,700. If Bitcoin can strongly break through and hold above the $65,300 resistance level, it may advance further to around $66,900. Overall, Killa judges that Bitcoin has been trading in a range over the past two months, with no clear breakout signal yet. A BTC-focused quantitative trader, Killa previously predicted the peak of this bull market in May 2025, boasts over 200,000 followers on X, went short on Bitcoin at $74,688 in mid-April, and switched to long positions during the broad market sell-off on June 5.

Three men in the US are suspected of plotting to kidnap and transfer stolen Bitcoin, facing up to 20 years in prison.

The U.S. Attorney’s Office for the District of Connecticut announced that three men from St. Louis—Sedric Louis, John Davis, and Martel Williams—are charged with conspiracy to interfere with commerce through robbery, allegedly plotting to break into a residence and force victims to transfer cryptocurrency linked to a multi-hundred-million-dollar bitcoin theft. Each faces up to 20 years in prison. Prosecutors allege the trio traveled to Connecticut between August 21 and 24, 2024, rented a vehicle, prepared items including airsoft guns and walkie-talkies, surveilled the target and his parents for two consecutive days, then abandoned the operation over fears that home security cameras would record their movements. A separate group of individuals from Florida later executed the same plan, and six people were arrested on August 25 in connection with a Lamborghini Urus carjacking. Louis and Davis have been in custody since their June 25 arrest, and pleaded not guilty to the charges at Bridgeport Federal Court on July 30. Williams entered the same not guilty plea on July 17 and was granted bail afterward. Prosecutors clarified that the targeted individuals were the parents of people involved in the multi-hundred-million-dollar bitcoin theft, and the indictment does not constitute evidence of guilt.

Santiment: Bitcoin's on-chain trading volume surges, weekly new wallet additions hit a 10-month high.

Santiment Intelligence stated in a post that Bitcoin has just experienced a week of surging on-chain trading volume. The number of new network wallets reached 2.27 million, hitting a 12-month high, while active wallets stood at 751,000, marking a 10-month peak. The biggest catalyst was the chaos sparked by the Coldcard wallet security incident, which forced users to move funds, create new wallets, adjust custody settings, and re-assess their risk exposure—naturally driving a sharp rise in wallet creation and activity. Polarizing events tend to trigger the strongest on-chain reactions for Bitcoin and altcoins. Fear spreads rapidly, followed by greed; both emotions push more people to trade, adjust positions, and closely track market dynamics, reigniting demand after periods of market downturns. When retail investors are impacted and trading volume surges, Bitcoin’s large holders often leverage the chaos to accumulate more actively. Historically, this combination of increased usage and large-scale accumulation by major holders has a positive impact on Bitcoin’s prices in the weeks and months ahead.

Bitcoin’s BIP-110 fork faced collapse just 8 hours after its launch due to insufficient hash rate support, with only two blocks generated.

Nodes supporting BIP-110 rejected blocks lacking the required support signal at block height 961,632, triggering a Bitcoin fork. However, the new chain only produced two blocks roughly eight hours after launch, with no indications that miners plan to keep it running. According to BIP-110 monitors, the forked branch is currently at block height 961,633, while Bitcoin’s main chain has reached block height 961,681. BIP-110 is a one-year rule adjustment proposal aimed at restricting non-financial data writes in Bitcoin transactions, including uses like Ordinals inscriptions. The proposal requires at least 1,109 blocks (55%) to signal support over a roughly two-week cycle of 2,016 blocks to activate, but only 51 blocks (2.53%) supported it in the prior cycle.

Bitwise CIO: Bitcoin could reach $1.3 million by 2035, with institutions driving its growth.

Bitwise CIO Matt Hougan told CoinDesk in an interview that Bitcoin could reach $1.3 million by 2035, with massive institutional capital inflows as the key driver. Hougan noted that global institutions manage $100 trillion to $200 trillion in assets; even a 1% allocation to Bitcoin would translate to $1 trillion to $2 trillion in funds, enough to support the price target. Retail investors have pushed the crypto market from scratch to a $2 trillion market capitalization, and over the next decade, institutional capital will lead growth, driving the total market cap to even higher levels.

Security teams used cutting-edge AI to conduct simulated attacks on 150 core Bitcoin projects, discovering an average of one critical vulnerability per person per hour.

A volunteer security team recently used cutting-edge AI models to scan roughly 150 codebases related to core Bitcoin projects, discovering over a dozen vulnerabilities spanning wallets, cryptography libraries, and infrastructure projects. According to reports, the team leveraged models including Kimi K3, OpenAI’s GPT Sol, Anthropic’s Claude Fable and Opus, and Z.ai’s GLM 5.2 to identify vulnerabilities and generate supporting documentation. Team members stated each researcher is now finding approximately one critical vulnerability per hour. Over the past 12 hours, the team has submitted security reports to multiple projects, though the specific affected projects have not been disclosed. Recent security incidents involving platforms like Coldcard and Boltz also highlight that AI is being used by both security researchers and malicious actors to discover software vulnerabilities at a faster pace.

A suspected Bitcoin miner has deposited 2,802 BTC worth $182 million into Binance over the past two days.

According to Yuqing Monitoring, a suspected Bitcoin miner has deposited 2,802 BTC (valued at $182 million) into Binance over the past two days. Over the last 20 days, the miner has made total deposits of as much as 6,494 BTC ($421 million) into Binance, at an average price of approximately $64,798.

Bitcoin has undergone another fork, and the fork chain supporting BIP-110 is currently 18 blocks behind the mainnet.

The Bitcoin network has experienced a fork stemming from the BIP-110 proposal. Nodes supporting the proposal rejected blocks lacking a support signal at block height 961,632. As of now, the Bitcoin main chain has advanced to block 961,651, while the BIP-110 fork chain has only reached block 961,633, trailing the main chain by 18 blocks. BIP-110 is a one-year rule adjustment proposal aimed at restricting the writing of non-financial data in Bitcoin transactions, including uses such as Ordinals inscriptions. The proposal requires at least 1,109 blocks (55%) to send support signals within a cycle of 2,016 blocks (roughly two weeks) to activate, but only 51 blocks supported it in the previous cycle, accounting for just 2.53%. Currently, the BIP-110 chain still needs more miner support to continue advancing. Per the rules, the chain must reach block 963,648 to lock in the regulations, and will officially implement the restrictions starting from block 965,664, which will remain in effect for approximately one year. Earlier reports noted that Bitcoin developer Kevin Loaec warned that if the Bitcoin fork tied to the controversial BIP-110 proposal occurs this weekend, holders may face the risk of their actual BTC being transferred when selling fork chain tokens.

A whale shorting $102 million worth of Bitcoin was partially liquidated, with the liquidation price for its remaining positions standing at around $65,300.

According to monitoring by TheDataNerd, a large whale that shorted $102 million worth of Bitcoin using 40x leverage recently faced partial liquidations, suffering a $1.46 million loss over the past week. The whale has since added margin, cutting its short position to roughly $60 million. The position’s entry price is $64,212.5, and its liquidation price is $65,310.2.

Nansen Founder: Bitcoin Will Never Drop Below $60,000 Again, No Signs Global Monetary Easing Cycle Is Ending

Nansen founder and CEO Alex Svanevik stated that Bitcoin’s current price of roughly $60,000 may have marked the low point of this cycle. “I personally don’t think Bitcoin will drop below $60,000 again— that’s a thing of the past, and I believe it’s forever,” he said. Svanevik’s assessment is rooted in Bitcoin’s role as a hedge against global central bank monetary expansion, with no signs of an imminent end to the global monetary easing cycle. He added that the crypto industry is undergoing a fundamental shift: crypto assets were previously in the “toy world” phase of blockchain, and are now entering the “real world” era. On the public chain ecosystem, Svanevik holds a long-term bullish stance on Solana, dismissing the view that it is merely a “meme coin chain” as completely absurd. He praised Solana for having “possibly the most effective business development (BD) team” and an “incredible team.” However, Svanevik refused to translate this positive outlook into a specific price prediction for SOL: “Intuitively, I would expect it to rise, but I can’t be certain.” Svanevik is also optimistic about Robinhood Chain, which launched just this July. He argues that it is emerging as a strong competitor to Base thanks to its outstanding user distribution capabilities, but judges that Robinhood is unlikely to issue a token. The reasons: first, it has no need to do so; second, as a Nasdaq-listed company, issuing a token would logically conflict with competing against its own stock. “All value should be channeled into HOOD stock,” he noted.

Analysis: Bitcoin failed to break through the $65,400 level after testing it twice, with a large backlog of buy and sell orders awaiting a directional move.

Crypto analyst Lennaert Snyder said Bitcoin has failed to break through the $65,400 level on two separate tests, while the $62,300 level below has solid support, with the price consolidating between these two levels heading into the weekend. This week’s price action has been relatively slow, making short selling unadvisable for now; he plans to wait for an upward breakout above the current high and a subsequent rally before considering opening short positions. The longer-term target remains at $68,100, and once hit, it is expected to also break through the previous month’s high. Snyder added that he will wait for the above-mentioned price action to materialize before positioning for a larger pullback or swing trade. He has already closed part of his short positions to lock in profits and reduce risk exposure. Currently, the market has accumulated a large number of buy and sell orders between the two key levels, and is in a tense phase of choosing a direction, so he opts to wait for a breakout confirmation before taking action.

A Bitcoin whale holding a 40x short position is now facing an unrealized loss of over $710,000, with its liquidation price at $65,306.

According to monitoring by TradingBeats (formerly Hyperinsight), a crypto whale opened a 40x short position on 930 Bitcoin at an entry price of $64,213, and currently holds an unrealized loss of $710,900, with its latest liquidation price standing at $65,306.

Yesterday, U.S. spot Bitcoin ETFs recorded a net inflow of $101.7 million, marking five consecutive trading days of strong inflows.

According to Farside's monitoring, U.S. spot Bitcoin ETFs recorded a net inflow of $101.7 million yesterday, marking five consecutive trading days of strong inflows.

Bitcoin rebounds to break through $65,000.

Per HTX market data, Bitcoin has rebounded past the $65,000 level, posting a 1.08% gain over the past 24 hours.

A director of Trump family-backed American Bitcoin spent $1.93 million increasing his holdings in the company’s stock.

Justin Mateen, a director at American Bitcoin (ABTC) — a Bitcoin mining firm backed by the Trump family and co-founder of Tinder — purchased the company’s stock over two consecutive days after it released its quarterly earnings, investing a total of roughly $1.93 million. Regulatory filings show Mateen bought approximately 145,000 Class A common shares of ABTC on August 5 for about $925,000 at an average price of $6.40 per share; he added another ~162,000 shares on August 6, worth ~$1 million at an average of $6.19 per share. The two transactions totaled 306,981 shares, lifting Mateen’s total ABTC holdings to 492,297 shares. American Bitcoin, a Nasdaq-listed Bitcoin mining and BTC reserve company backed by U.S. President Donald Trump’s family members including Eric Trump and Donald Trump Jr., adopts a strategy of "large-scale mining + corporate treasury Bitcoin holdings" to provide investors with exposure to Bitcoin. Its Q2 earnings report showed a net loss of around $57 million, though its mining scale and Bitcoin reserves continued to grow in the same period. The firm’s quarterly BTC production hit a record high of roughly 932 coins, while its treasury holdings rose to over 8,000 BTC. Market observers view the director’s large share purchases as a sign of confidence in the company’s Bitcoin accumulation strategy, though its profitability and mining operational efficiency remain key focuses for investors.

BIP-110 May Trigger Bitcoin Fork Risk: Developers Warn Selling Forked Coins Could Result in Theft of Real BTC

Bitcoin developer Kevin Loaec warned that if a Bitcoin fork tied to the controversial BIP-110 proposal occurs this weekend, holders selling tokens from the forked chain may face the risk of their actual BTC being drained. Reports note that if Bitcoin splits into two chains, users’ BTC balances will exist on both chains. Some traders may attempt to sell seemingly "free" forked coins, but due to the lack of replay protection in the early stages of both chains, transactions signed when selling forked coins could be replicated on the original Bitcoin network, resulting in buyers receiving an equivalent amount of actual BTC. Loaec stated that without understanding how to safely split assets across the two chains, the safest option for holders is to refrain from any actions for now. Unmoved BTC will not be vulnerable to replay attacks, as there are no signed transactions to replicate. This risk stems from the BIP-110 proposal, which aims to restrict non-payment data such as images and text from being included in Bitcoin transactions. Lacking sufficient miner support, software backing BIP-110 may start rejecting non-compliant blocks from the expected block height of 961,632 this weekend, leading to a fork competing with the main chain. Currently, miner signaling support for BIP-110 stands at around 2.6%, far below the threshold needed for activation, so it remains uncertain whether a fork will actually materialize. However, if a small number of miners continue to maintain the BIP-110 chain, two separate transaction histories could emerge in the market. Analysts note that in the early stages of a fork, users need to proactively isolate their assets; otherwise, transactions involving forked coins could accidentally transfer actual BTC due to the lack of replay protection. The BIP-110-related transaction restrictions are expected to take effect around early September.

BlackRock’s IBIT Accumulatively Added 7,320 Bitcoin This Week, Valued at Around $478.5 Million

According to monitoring by Onchain Lens, the address of BlackRock’s spot Bitcoin ETF IBIT withdrew 1,840 Bitcoin from Coinbase Prime today, valued at approximately $119 million. The ETF has accumulated a net addition of 7,320 Bitcoin this week, worth around $478.5 million.

Glassnode: Bitcoin options sentiment is improving, but demand for long-term downside protection remains high.

Glassnode’s market analysis notes that sentiment in the Bitcoin options market is improving, with short-term downside skew declining sharply. The 1-month 25 Delta Skew has dropped to around 7%, signaling recent panic has eased. However, longer-term skew remains at roughly 10%–12%, pointing to ongoing demand for downside protection. Currently, BTC call options hold an open interest of approximately $15 billion, exceeding put options’ roughly $10 billion. Recent capital inflows are concentrated in the $61,000–$67,000 range, with notable buying activity for $65,000 call options. Glassnode concludes the market is shifting toward more bullish positions but has not abandoned risk hedging.

August 7 Update: #Bitcoin ETFs: 1D NetFlow: +1,673 $BTC(+$109.16M)🟢 7D NetFlow: +7,306 $BTC(+$476.7M)🟢 #Ethereum ET...

August 7 Update: #Bitcoin ETFs: 1D NetFlow: +1,673 $BTC(+$109.16M)?? 7D NetFlow: +7,306 $BTC(+$476.7M)?? #Ethereum ETFs: 1D NetFlow: +42,756 $ETH(+$82.52M)?? 7D NetFlow: +85,091 $ETH(+$164.22M)??

The day before yesterday, a whale that shorted Bitcoin with 40x leverage was forced to reduce its position, incurring an unrealized loss of $1.54 million.

According to Yuqing Monitoring, the whale who leveraged to short 1,600 BTC (valued at $102 million) two days ago has suffered another heavy blow. After BTC recently rebounded to $65,300, the whale was stopped out of an additional 500 BTC (worth $32.6 million). He opened the short position with $2.44 million in capital on the morning of two days ago, and now only has $900,000 left, losing $1.54 million. Of his original 1,600 BTC short position (valued at $102 million), 700 BTC was liquidated due to the rebound, leaving him with 900 BTC in short positions (valued at $58.66 million).

Crypto whale sets 10 major targets, sounding rallying cry for Bitcoin longs: 'Last chance to get on board'

Whale "First Set 10 Big Goals" referenced his July 20 market outlook, calling the current market the "last chance to get on board". On that same date, the whale argued that shorting the market is too low-cost-effective, noting the market has already formed a phased bottom. He added he has a hunch Bitcoin is about to break out and launch a new uptrend, warning against missing the entry signal. Just now, the whale showcased gains from his recent Bitcoin long positions: the attached chart shows he opened long orders below $64,000, with unrealized profits surpassing $4 million.

Crypto Whale Flaunts Bitcoin Long Position Profits, Says "Set 10 Major Goals First": Opened Positions Below $64,000, Notches Over $4 Million in Unrealized Gains

Bitcoin rallied around the release of today's non-farm payroll (NFP) data. The whale going by the alias "Set 10 Big Targets" has showcased gains from his recent Bitcoin long positions; attached screenshots show he opened positions below $64,000, with unrealized profits exceeding $4 million.

Analysis: Bitcoin’s macro bottom may have already formed, with three long-term indicators signaling a cycle bottom.

Crypto analyst Alicharts has published a lengthy article stating that Bitcoin’s macro bottom may have already formed, citing three key indicators: 1. A TD Sequential buy signal has emerged on Bitcoin’s monthly chart. This rare indicator previously successfully marked the 2022 market bottom, and is now signaling a similar low. 2. Bitcoin is hovering near its 50-month simple moving average. Since 2014, this multi-year support level has repeatedly aligned with major market bottoms. 3. The Chande Momentum Oscillator (CMO) has dropped to -71. The last time it reached this level was in June, when Bitcoin fell to around $57,000. Historically, such low readings often coincide with significant market bottoms. Note: The Chande Momentum Oscillator gauges the relative strength of upward and downward price momentum over a given period, helping to determine if a market is overbought or oversold, as well as the strength of its trend.