Bitcoin (BTC) — Onchain News & Whale Tracking

2,782 Bitcoin transferred out of Bitstamp, valued at approximately $177 million.

According to Whale Alert monitoring, 2,782 Bitcoin (valued at approximately $176 million) were withdrawn from Bitstamp and transferred to an unknown wallet.

Capital B adds 5 Bitcoins to its holdings, bringing total holdings to 3,145 BTC.

According to official announcements, French listed company Capital B announced it has increased its Bitcoin holdings by 5 coins, bringing its total Bitcoin holdings to 3,145.

Glassnode: Bitcoin is being sidelined amid the ongoing capital rotation, as risk capital continues to flow into U.S. stocks and AI assets.

Glassnode noted in a recent post that as U.S. consumer confidence has plunged to an all-time low, U.S. stock markets have continued to hit new all-time highs, creating a stark contrast between market sentiment and asset performance. Weak consumer confidence is driving capital to accelerate shifting from cash assets to stocks, artificial intelligence (AI)-related assets, and commodities, as investors seek higher returns by allocating to risk assets. Notably, Bitcoin has been noticeably overlooked in this round of capital rotation. While stocks, AI, and commodities continue to attract inflows, Bitcoin has not benefited in tandem, indicating that current market capital allocation remains concentrated primarily on traditional risk assets and AI themes, with BTC’s participation in this round of asset rotation being relatively limited.

The crypto market is in sideways consolidation with minor fluctuations, with Bitcoin continuing to accumulate positions around $63,000, as the market awaits a directional breakout.

According to HTX market data, the crypto market remains in sideways consolidation, awaiting a directional shift. Bitcoin is trading at $62,800, down 0.3% in 24 hours; Ethereum stands at $1,876, with a 0.35% 24-hour drop. The total crypto market cap fell 0.3% over the same period to $2.226 trillion. Multiple crypto firms and analysts have recently reached a collective consensus that major market volatility is imminent. BTC’s token accumulation at the $63,000 level has hit an extreme peak; technical indicators including Bitcoin’s Average Directional Index signal volatility is set to return, as the sideways range has persisted for a considerable time. The massive short-term token accumulation near $63,000 acts as a potential volatility trigger, with any external event potentially serving as a catalyst. The market is now in a tense pre-directional phase, with significant swings ahead, and investors are urged to exercise high caution. Some altcoins are seeing unusual movements: PORTAL rose 51.3% in 24 hours to $0.0165; ALICE gained 11.7% to $0.1376; DODO climbed 11.4% to $0.022.

CZ refutes claims that Bitcoin will go to zero, stating that many have made incorrect judgments about cryptocurrencies.

Binance founder CZ has commented on the World Gold Council (WGC) CEO’s assertion that Bitcoin’s value will fall to zero. CZ noted that many people have previously made incorrect judgments about cryptocurrencies, adding that understanding this field takes time, and he himself cannot be 100% certain he is right—after all, we are only human. The WGC CEO said in a recent interview: “Personally, my view is that Bitcoin will drop to zero, but this stance is not because Bitcoin is opposed to gold.”

CZ refutes claims that Bitcoin will go to zero, pointing out that many people have made incorrect judgments about cryptocurrencies.

Binance founder CZ has commented on the World Gold Council (WGC) CEO’s assertion that Bitcoin’s value will fall to zero. CZ noted that many people have previously made incorrect judgments about cryptocurrencies, adding that understanding the sector takes time, and he is not 100% certain he is right—after all, we are all human. In a recent interview, the WGC CEO stated, “My personal view on Bitcoin is that it will drop to zero, but this stance is not because Bitcoin is opposed to gold.”

Bitcoin falls below the $63,000 mark, posting a 0.04% drop over the past 24 hours.

According to HTX market data, Bitcoin has fallen below $63,000, with a 24-hour decline of 0.04%.

Analysis: Bitcoin fails its first momentum push, can stay range-bound if it holds the $62,300 level

Blockchain analytics platform Swissblock has released a report stating that Bitcoin’s first momentum ignition has failed, meaning the previously projected trajectory pointing to March to April remains valid. The firm noted that the momentum indicator briefly rose above the zero line but lacked sufficient strength to complete a full ignition, and has since returned to the "Transition Area". Swissblock added that as long as Bitcoin holds the $62,300 to $62,500 range and the momentum indicator stays within the Transition Area, the current trend will remain in sideways consolidation. It emphasized that a failed momentum ignition is not uncommon, and the real focus is whether Bitcoin will break below the Transition Area. If this area is breached, Bitcoin will exit its current consolidation structure and face renewed risk of falling into a capitulation phase.

Analysis: Bitcoin’s first momentum attempt failed; if it defends the $62,300 level, it can still maintain sideways consolidation.

Blockchain analytics platform Swissblock has released a report stating that Bitcoin’s first momentum ignition has failed, meaning the earlier trajectory pointing to the March-April period remains valid. The firm explained that the momentum indicator briefly rose above the zero line but lacked sufficient strength to complete a full ignition, and has now returned to the "Transition Area". Swissblock added that as long as Bitcoin holds the $62,300-$62,500 range and the momentum indicator stays within the Transition Area, the current sideways consolidation will persist. It noted that momentum ignition failures are not uncommon; the key point to monitor is whether Bitcoin breaks below the Transition Area. If this level is breached, Bitcoin will exit its current consolidation structure and face renewed risk of falling into the capitulation phase.

Michael Saylor: MicroStrategy’s digital credit tool has outperformed Bitcoin over the past year, and financial engineering can mitigate downside risks.

Strategy founder Michael Saylor said that over the past year, Bitcoin has fallen by 47%, while Strategy’s digital credit instruments have delivered performance ranging from a 27% decline to a 9% gain over the same period, with STRC rising 9%. Financial engineering can convert highly volatile "digital capital" into financial instruments designed to generate returns, provide stability, and reduce downside risks.

Analysis: The potential 'lost' Bitcoin supply hits an all-time high, accounting for approximately 17.7% of the circulating supply.

CryptoQuant analyst Darkfost noted in a post that the amount of Bitcoin supply considered "lost" has reached an all-time high, currently standing at 3.56 million BTC, accounting for roughly 17.7% of the circulating supply. His metric refers to BTC that has not moved for over 10 years. While a tiny number of long-dormant Bitcoin does reactivate in rare cases—such as in July 2025—this long-unmoved supply as a whole continues to grow. More than 14,000 BTC have joined this long-dormant supply category over the past 30 days. This trend naturally reduces the amount of Bitcoin actually in active circulation.

Prominent crypto trader: If Bitcoin reclaims the $69,500 level, it will officially confirm a shift to a bull market.

Well-known trader Killa posted that Bitcoin has returned above the 0.8 level of the Mayer Multiple, after its price briefly dipped below that threshold earlier. He pointed out that in 2022, BTC also briefly fell below this level before reclaiming it. Killa stated that the real confirmation signal in 2022 came when Bitcoin reclaimed its 200-day moving average, following which the bull market began. Currently, BTC’s 200-day moving average is approximately $69,500. He believes that all that’s needed next is for Bitcoin to break back above and hold the 200-day moving average; once that happens, the market can be considered to have officially entered a bull market.

Analyst: Bitcoin may bottom out in October, suitable for dollar-cost averaging in the range of $48,000 to $62,000

Crypto analyst Ali Charts published a post stating that based on Bitcoin’s four-year cycle, he predicts BTC will hit the bottom of this market cycle between October 6 and 16. He argues that before the final capitulation phase arrives, investors should implement a dollar-cost averaging (DCA) strategy within the $62,000 to $48,000 range to gradually accumulate Bitcoin. He judges the current bear market is nearing its end, adding that now is the time to start turning bullish.

Harvard’s endowment fund discloses holding $2.21 billion worth of SpaceX shares, while its Bitcoin ETF holdings remain unchanged.

Harvard University’s endowment fund’s latest 13F filing shows that as of June 30, its holdings of BlackRock’s spot Bitcoin ETF (IBIT) remained at 3.0446 million shares, valued at approximately $101.4 million — matching the exact number held at the end of the first quarter, ending two consecutive quarters of reductions. Harvard had cut its IBIT position by 21% in Q4 2025, followed by a 43% reduction in Q1 2026. Currently, IBIT accounts for roughly 2.4% of Harvard’s disclosed $4.26 billion U.S. equity portfolio. Its gold-related product holdings are worth more: as of the end of Q2, its combined positions in the iShares Gold Trust (IAU) and SPDR Gold Trust (GLD) total approximately $171.2 million. Harvard previously liquidated its BlackRock spot Ethereum ETF holdings worth $86.8 million, and added no new Ethereum-related positions in the second quarter. Harvard’s largest holding is SpaceX, with 12,935,100 shares valued at $2.21 billion, making it the largest single stock position disclosed in the filing. The total U.S. equity assets Harvard disclosed in this filing are approximately $4.3 billion, meaning SpaceX’s stake accounts for 52% of that total. Among other institutions, Abu Dhabi sovereign wealth fund Mubadala and the Abu Dhabi Investment Council each maintained their IBIT positions unchanged at 14.7219 million shares and 8.2187 million shares respectively, for a combined value of approximately $764 million. JPMorgan Chase increased its IBIT holdings from roughly 8.3 million shares to 10.4 million shares; Morgan Stanley cut its IBIT position from 17.3 million shares to approximately 16.5 million shares, a 4.5% reduction.

Analysis: Bitcoin is in the "extreme discount" zone of the Rainbow Chart, with its downward deviation surpassing that of the previous bear market bottom.

CryptoQuant analyst Axel Adler Jr. noted in a post that Bitcoin is currently trading in the lowest range of the Rainbow Chart model — "basically a fire sale price". This represents an extreme discount relative to the cryptocurrency’s long-term price trajectory, and is not merely a measure of how much Bitcoin has declined. The Rainbow Chart model compares Bitcoin’s current price to its long-term trend, so the gap reflects the market’s deviation from historical patterns. The volatility-adjusted Z-Score now stands at -2.293, the lowest reading since 2016 and lower than the -1.979 recorded at the 2022 bear market bottom. This metric accounts for volatility differences across distinct market cycles, meaning the current downward deviation from the model is more severe than that seen at the last bear market’s trough. Bitcoin is now in an extreme discount zone, with the volatility-adjusted Z-Score hitting a 10-year low. This signals significant undervaluation relative to the model, but it does not alone confirm the final market bottom. Extremely low valuations point to a potentially attractive entry range, though a market reversal would need separate confirmation. Note: The Z-Score is a widely used standardized statistical metric that quantifies how far a data point lies from the mean, measured in units of standard deviation.

Analysis: Bitcoin’s apparent demand has improved significantly, but structural hoarding volumes remain insufficient to fully absorb new supply.

CryptoQuant analyst Darkfost wrote that Bitcoin’s apparent demand has improved notably but remains negative at -32,000 BTC. When Bitcoin entered its current consolidation range in early June, demand was estimated at -272,000 BTC. This is a positive development, though not yet robust enough. Similar patterns were observed in February and May 2026, after which demand weakened again. This may also be tied to falling average mining output, as hash rate has declined, leading to lower production. Thus, this is not yet strong positive momentum, but the trend merits close monitoring. Note: Apparent demand is calculated as the number of newly mined BTC minus supply that has not moved for over a year. In other words, this metric assesses whether structural hoarding is sufficient to absorb new supply generated by the network.

CZ: Bitcoin is a deflationary asset, with only approximately 4.4% of its total supply remaining to be mined.

Binance founder CZ posted on social media, stating, "As of August 2026, over 20.07 million Bitcoin will have been mined, leaving only roughly 4.4% of its total supply left to mine. I estimate that 10% to 20% of existing Bitcoin has been lost, is inaccessible, or cannot be recovered. It is a deflationary asset."

Bitcoin (BTC) and Ethereum (ETH) ETFs attracted $1.1 billion in capital last week, ending a net outflow trend that persisted for most of 2026.

Bitcoin and Ethereum ETFs together recorded combined net inflows of $1.1 billion last week, ending a trend of sustained net outflows that has persisted for most of 2026, as institutional capital flows back to the crypto market. BlackRock’s Bitcoin ETF IBIT was the main source of these inflows, accounting for roughly 80% of total inflows into Bitcoin ETFs. However, market trading activity remains relatively subdued, with BTC ETF volumes hitting their second-lowest level since October 2024 last week. Prior to this, BTC and ETH ETFs had faced persistent net outflow pressures. As market sentiment improved, institutional investors resumed increasing their digital asset allocations, resulting in a clear reversal in ETF fund flows. Market analysts note that IBIT has remained the primary channel for institutional capital to enter the Bitcoin market, showing that traditional financial institutions still prefer gaining crypto exposure via regulated ETF vehicles.

Cboe applies to the SEC for approval of the first U.S. 3x leveraged Bitcoin and Ethereum ETFs.

The Cboe BZX Exchange, a unit of the Chicago Board Options Exchange (Cboe), has filed a rule change application with the U.S. Securities and Exchange Commission (SEC) to launch the U.S. market’s first 3x leveraged Bitcoin and Ethereum ETFs. Per the filing, Cboe plans to list ETFs including 3x Bitcoin ETFs, 3x Ethereum ETFs, and 3x leveraged ETFs for gold, silver, crude oil, and natural gas. These products aim to deliver 3x the daily returns of their underlying assets by holding futures contracts from the Chicago Mercantile Exchange (CME) or the New York Mercantile Exchange (COMEX), with cash and cash equivalents serving as collateral. The proposed ETFs will operate as "commodity pools" regulated by the U.S. Commodity Futures Trading Commission (CFTC), rather than the traditional ETF structure overseen by the SEC under the Investment Company Act of 1940. As leveraged products do not meet the exchange’s existing general listing standards, Cboe is required to file a special rule change application with the SEC and plans to concurrently submit an S-1 registration statement under the Securities Act of 1933. Cboe stated that this structure will provide an additional federal regulatory layer. The funds will be issued by Volatility Shares LLC and operated under VS Trust. Market analysts note that 3x leveraged ETFs are primarily targeted at short-term trading and professional investors, and are not suitable as long-term holding instruments. Previously, Volatility Shares had launched 2x Bitcoin and Ethereum strategy ETFs in the U.S., while Europe saw the launch of the first 3x and inverse 3x Bitcoin and Ethereum ETF products last year.

U.S. spot Bitcoin ETFs posted a net outflow of $56.2 million yesterday, marking three consecutive days of net outflows.

According to Farside's monitoring, U.S. spot Bitcoin ETFs saw a net outflow of $56.2 million yesterday, marking the third consecutive day of net outflows. U.S. spot Ethereum ETFs recorded no net inflows or outflows yesterday.

Jump Crypto transferred 1,560 BTC to Binance this week, worth approximately $99.2 million, sparking speculation that the crypto firm may have sold the Bitcoin.

According to monitoring by Onchain Lens, Jump Crypto has continued transferring Bitcoin (BTC) to Binance this week, with total deposits reaching around 1,560 BTC valued at approximately $99.2 million, suspected to be for a sale operation. The latest data shows Jump Crypto transferred an additional 286.83 BTC to Binance just two hours ago, worth roughly $18.01 million. As of now, Jump Crypto’s wallet still holds around 1,410 BTC valued at about $88.58 million. The market will continue to track its subsequent transfers and changes in holdings.

Analysis: Bitcoin's short-term panic sentiment has eased, with the $60,000 to $70,000 range emerging as a key battleground.

Glassnode stated in a report that Bitcoin’s native options market remains generally sluggish overall, with implied volatility (IV) and skewness continuing to narrow, while positions are gradually concentrating around key strike prices, making the options market structure more distinct. Data shows Bitcoin’s short-dated IV has continued to decline, with the 1-period at-the-money (ATM) IV dropping to around 26%, while the 6-month tenor remains at roughly 39%. The term structure has steepened further, indicating traders’ low expectations for short-term price volatility, while still pricing in longer-term uncertainty. Demand for downside protection in the market has weakened, and overall option positions are no longer as defensive as they were previously. On the gamma exposure front, negative gamma is primarily concentrated in the lower $60,000 range, while positive gamma has gradually shifted to around $70,000. This means BTC is more likely to see larger price swings during downward moves, while upward approaches to the $70,000 level may be stabilized by market maker hedging. The options market’s defensive posture has eased somewhat, though it has not yet entered excessive complacency. The decline in implied volatility and skewness reflects easing short-term panic, while the concentration of gamma and strike positions indicates that the $60,000 to $70,000 range remains the key zone for Bitcoin’s next directional move.

Morgan Stanley significantly increased its holdings of Circle to 8.32 million shares in Q2, and added to its positions in Bitcoin and Ethereum ETFs.

Morgan Stanley’s latest 13F filing with the U.S. Securities and Exchange Commission (SEC) shows that as of June 30, it held approximately 16.5 million shares of BlackRock’s IBIT, a 23% increase from the 13.4 million shares held in the first quarter. However, due to a decline in Bitcoin prices during the quarter, the position’s market value fell to $549 million from $667 million, a roughly 18% drop. During the same period, Morgan Stanley also held 2.57 million shares of MSBT worth around $43.3 million, and increased its holdings in Grayscale Bitcoin Mini Trust, Bitwise Bitcoin ETF, and Fidelity’s FBTC, with FBTC positions rising nearly 38%. For Ethereum-related assets, its holdings of ETHA surged approximately 202% to 4.6 million shares, while its stake in Grayscale Ethereum Staking Mini ETF rose by around 26% to 5.1 million shares. Additionally, Morgan Stanley established new positions in Grayscale’s Solana Staking ETF and Fidelity’s Solana Fund, with respective market values of roughly $4.25 million and $2.26 million. In terms of individual stocks, Morgan Stanley’s holdings in Circle (CRCL) jumped from approximately 1.46 million shares to 8.32 million shares. It also expanded positions in crypto mining and infrastructure firms including Cipher Digital, Core Scientific, Hut 8, and Bitdeer. Conversely, it trimmed its Coinbase stake by around 550,000 shares, cut holdings in CleanSpark by more than 3.1 million shares, and liquidated its entire position of roughly 8 million shares in Bitfarms.

August 14 Update: #Bitcoin ETFs: 1D NetFlow: -2,015 $BTC(-$126.06M)🔴 7D NetFlow: -3,890 $BTC(-$243.38M)🔴 #Ethereum ...

August 14 Update: #Bitcoin ETFs: 1D NetFlow: -2,015 $BTC(-$126.06M)?? 7D NetFlow: -3,890 $BTC(-$243.38M)?? #Ethereum ETFs: 1D NetFlow: -277 $ETH(-$517.08K)?? 7D NetFlow: +22,908 $ETH(+$42.74M)??

JPMorgan boosted its holdings of Bitcoin and Ethereum ETFs in Q2: its stake in IBIT rose by 25%, while its position in ETHA increased more than threefold.

JPMorgan Chase’s latest 13F filing with the U.S. Securities and Exchange Commission (SEC) reveals that as of June 30, the firm held approximately 10.4 million shares of BlackRock’s IBIT—up roughly 25% from the 8.3 million shares it held in the first quarter, with a disclosed holding value of around $356 million. Over the same period, its position in BlackRock’s ETHA rose from roughly 267,000 shares to about 1.17 million shares, an increase of more than three times and exceeding four times its prior holding size. The filing also disclosed small holdings in XRP-related investment products for the first time, including 181 shares of Grayscale’s XRP product and 113 shares of Bitwise’s XRP ETF. Jonatan Randin, senior market analyst at PrimeXBT, pointed out that this 13F covers 18 investment management entities under JPMorgan, with some positions potentially linked to client trades or inventory management. Since 13F filings do not disclose short positions, it is impossible to assess JPMorgan’s net exposure or directional views on Bitcoin (BTC) and Ethereum (ETH) solely based on these long positions. Separately, JPMorgan cut its holdings in multiple Bitcoin mining companies during the second quarter. Randin noted that as some mining firms expand into AI and high-performance computing, their status as proxy assets for Bitcoin prices is weakening.

Strategy responds to reports that it may face removal from MSCI indices: Bitcoin does not need MSCI, and neither does Strategy.

Strategy issued a statement responding to the possibility of being removed from MSCI indices, stating: "Digital assets are assets. Index providers should measure the market, not decide which assets companies can hold." The firm added that MSCI’s relevant proposal is inconsistent with the direction of regulators, the market, and its own clients, emphasizing: "Bitcoin does not need MSCI, and neither does Strategy." Earlier reports noted that MSCI is soliciting feedback on a new non-operating company identification methodology, which could result in Strategy and Metaplanet being excluded from the MSCI All Country World Investable Market Index (ACWI IMI). Based on MSCI’s simulation using May 2026 data, Strategy, Metaplanet, and uranium investment firm Yellow Cake would be removed from MSCI ACWI IMI, while entities including SharpLink would be placed on the public watchlist.

Analysis: Long-term Bitcoin holders have not engaged in large-scale selling, while early Bitcoin coins have become active again following the Coldcard hack incident.

CryptoQuant analyst Axel Adler Jr. noted in a recent post that the 30-day moving average of Bitcoin’s average coin dormancy period has climbed to 19 days, marking the first time since the start of the year that it has crossed above the 365-day moving average. Previously hoarded BTC is becoming active again. However, following the Coldcard hack incident, this uptick may not stem from selling, but rather from large volumes of BTC being transferred to new wallets. As such, the current rise in dormancy should not be automatically interpreted as long-term holders distributing their holdings.

Hyperscale Data completes the sale of approximately 685 Bitcoin, and still holds around 275 Bitcoin.

According to PR Newswire, AI data center firm Hyperscale Data (GPUS) announced it has completed the sale of approximately 685 Bitcoin, generating around $43 million in proceeds. The funds will be primarily used for the ongoing development and expansion of its Michigan data center, as well as repaying roughly $30 million in debt to optimize its capital structure. The company currently holds approximately 275 Bitcoin.

The largest on-chain Bitcoin short seller has increased its short position to $125 million.

According to on-chain analyst Ai Yi (@ai_9684xtpa), the largest Bitcoin short seller on-chain has added to its short position, lifting its position value to $125 million and generating an unrealized profit of $1.794 million. The whale added 258 BTC to its position five minutes ago, bringing its total position to 1,900 BTC at an entry price of $63,582.

A thousand-coin crypto whale added 300 Bitcoin to its holdings, pushing its total BTC position value to $70.43 million.

According to Lookonchain’s monitoring, whale address 19pFLW purchased 300 Bitcoin 5 hours ago, worth $19.03 million. The whale currently holds 1,120 Bitcoin valued at $70.43 million, with an average purchase price of $69,294.

Analysis: Bitcoin’s ADX trend strength drops to a more than two-year low, signals of returning volatility strengthen, and a directional choice is imminent.

CryptoQuant analyst Darkfost noted in a post that Bitcoin’s Average Directional Index (ADX) indicator hit its lowest level in over two years today, another signal suggesting volatility is about to return. ADX is a tool for measuring trend strength, not directional, carrying no bullish connotation—it is only used to track trend strength rather than price action. An extremely low ADX level means Bitcoin has been trading sideways in a range for quite a long time, trend momentum is nearly exhausted, and prices will have to choose a direction soon. Darkfost stressed that multiple indicators currently point to the same conclusion: the market has been in a "hypnotic" low-volatility state for several consecutive months, major swings are imminent, and investors should remain highly vigilant.

Bitcoin falls below $63,000, with a 1.5% decline in the past 24 hours.

According to HTX market data, Bitcoin has fallen below $63,000, recording a 1.5% decline in the past 24 hours.

Yesterday, U.S. spot Bitcoin ETFs recorded a net outflow of $131.1 million, while spot Ethereum ETFs posted a net inflow of $5.9 million.

According to Farside's monitoring, U.S. spot Bitcoin ETFs posted a net outflow of $131.1 million yesterday, marking their second consecutive trading day of net outflows. Meanwhile, U.S. spot Ethereum ETFs recorded a net inflow of $5.9 million, their second straight trading day of net inflows.

Bitcoin whale who has held BTC for three years is suspected of offloading, with a cost basis of only around $20,000 and once posting an unrealized profit of over $15.31 million.

According to monitoring by ai_9684xtpa, a Bitcoin (BTC) whale that has held its position for roughly three years appears to be initiating a sell-off. Address bc1q7…jvlgw deposited 158.7 BTC to Coinbase eight hours ago, valued at approximately $10.01 million. The funds trace back to address 3JLdM…jEp9L, which withdrew BTC from Kraken on March 11, 2023, and has held the asset long-term since. During the current bull market, this address once posted unrealized gains exceeding $15.31 million. If all 158.7 BTC transferred to Coinbase are sold, the whale is projected to realize a profit of around $6.206 million, a figure that marks a more than 40% drop from its peak unrealized gains.

UBS significantly increased its holdings in BlackRock's Bitcoin ETF in the first half of the year, bringing its stake to approximately $90 million.

UBS’s latest 13F filing shows that as of June 30, the Swiss bank held roughly 2.5 million shares of BlackRock’s spot Bitcoin ETF IBIT, with a holding value of nearly $90 million. Compared to the roughly 549,000 shares it held at the end of 2025, the holding volume surged by about 355%, while the holding value jumped around 230% from approximately $27 million. It’s important to note that 13F filings do not clarify whether these IBIT shares are held via UBS’s own capital or client assets, so this cannot be simply interpreted as UBS directly investing $90 million in Bitcoin.

A whale opened a 40x leveraged long position of 200.8 Bitcoin on Hyperliquid.

According to monitoring by Onchain Lens, a whale opened a long position of 200.8 Bitcoin on Hyperliquid roughly an hour ago, valued at approximately $12.75 million at the time, with a leverage ratio of 40x and a liquidation price of $55,380. The trader has accumulated a profit of $1.95 million over the past 30 days.

Over $1.4 billion worth of crypto options are set to expire today, with Bitcoin’s max pain point at $64,000.

BTC and ETH options are set to expire this Friday, with open interest concentrated around several key strike prices. BTC’s nominal open interest stands at roughly $1.28 billion, with its max pain point at $64,000. The highest concentration of call options is at $68,000, followed by $70,000 to $72,000. ETH’s nominal open interest is approximately $161 million, with its max pain point at $1,900. The highest concentration of call options is at $1,950 and $2,000. BTC’s put/call open interest ratio is 0.85, while ETH’s is 0.94.

Bitcoin falls below $63,000, with a 1.03% drop in the past 24 hours.

According to HTX market data, Bitcoin has dropped below $63,000, with a 24-hour decline of 1.03%.

Garrett Jin: SK Hynix has rebounded to the take-profit zone, plans to buy Bitcoin on its pullback, and cautions to watch out for remaining share unlocks following SpaceX's short squeeze.

BTC OG and insider whale Garrett Jin released this week’s market report, characterizing South Korea’s market rebound as a wide-range consolidation rather than a new trend. SK Hynix retested the 1.42 million won level before a consecutive rebound, closing up 5.9% at 1,593,000 won on August 13. The KOSPI has rallied 20% from its July low to enter a technical bull market, but foreign investors have not shifted to long-term holdings, and the drag from leveraged ETFs remains. Garrett Jin set the first take-profit level at $1,150 (≈1.63 million won), with the next target at $1,300 (1.85 million won. Garrett Jin also noted that gold posted its strongest weekly gain since January this week, rising 7.8% to $4,388. The rally was driven by July’s non-farm payrolls falling by 23,000 and moderate CPI data, which pushed back bets on a September rate hike. However, gold is now overbought in the short term, so a pullback would present an opportunity to add positions in batches. Bitcoin failed to react to the same macro tailwinds, remaining trapped between the $62,500 support and $65,000-$70,000 resistance. A bottoming structure since the $57,700 level is gradually forming, and Garrett Jin will wait for a pullback to enter the next buying round. On SpaceX, Garrett Jin views its recent performance as a classic case of “bad news fully priced in + short squeeze”, with the lock-up period itself acting as a washout rather than a starting point for a decline. However, the lock-up window is not over: 319 million shares will unlock on August 20, and another ~700 million shares each in September and October. The current price up to $160 is a take-profit zone, not a zone for chasing highs.

August 13 Update: #Bitcoin ETFs: 1D NetFlow: -1,132 $BTC(-$72.24M)🔴 7D NetFlow: -202 $BTC(-$12.89M)🔴 #Ethereum ETFs...

August 13 Update: #Bitcoin ETFs: 1D NetFlow: -1,132 $BTC(-$72.24M)?? 7D NetFlow: -202 $BTC(-$12.89M)?? #Ethereum ETFs: 1D NetFlow: +3,947 $ETH(+$7.47M)?? 7D NetFlow: +65,941 $ETH(+$124.71M)??

Michael Saylor proposes the "Currency Spectrum" framework for digital assets, categorizing them as: Bitcoin as digital capital, STRC as digital credit, and stablecoins as digital currency.

Strategy founder Michael Saylor has published an article systematically elaborating on the "currency spectrum" concept for digital assets, categorizing digital assets into four tiers: Bitcoin as digital capital, STRC as digital credit, SR-strcUSX as digital currency, and USDT as digital currency substitute. On this spectrum, moving from left to right, volatility and return potential gradually decline, while stability and transaction utility rise progressively. Saylor defines Bitcoin as the ultimate store of value: highly volatile, high-energy, and a sound bearer asset. USDT, meanwhile, is the ultimate medium of exchange—stable and easy to transact. Digital credit and digital currency serve as bridges between capital and currency. Saylor further detailed the attributes of each tier: STRC, as digital credit, is semi-stable, offers high fixed yields, and has store-of-value features. SR-strcUSX, as a digital currency, combines the technology of digital currency substitutes and the economic characteristics of digital capital, integrating stability, yield, transaction utility, and store-of-value functions. In terms of ownership structure, Bitcoin is a bearer asset, while digital credit, digital currency, and digital currency substitutes are created and managed by digital financial firms, with their ownership layer being digital equity. Together, they form a complete digital financial stack. This framework extends Saylor’s long-standing strategic vision of building a "Bitcoin + digital financial tools" ecosystem, integrating various securitized products issued by Strategy into a unified theoretical narrative.

Brazilian Bitcoin treasury firm OranjeBTC will launch a Bitcoin ecosystem preferred stock ETF, expected to list in September.

Brazilian Bitcoin treasury firm OranjeBTC (B3: OBTC3) has announced the launch of the Digital Yield ETF (DIGY11), a collaboration between OranjeBTC, 3R Investimentos and MarketVector, set to list on Brazil’s B3 stock exchange in early September. DIGY11 will initially invest in preferred shares issued by Strategy via STRC and Strive via SATA, distribute monthly returns to investors in Brazilian reais, and offer daily liquidity plus currency hedging. Under current market conditions, the ETF is projected to deliver an annualized distribution yield of roughly 3% to 5% above the CDI, though this estimate excludes fund unit price volatility and does not constitute a return guarantee. Notably, the ETF does not directly invest in Bitcoin; instead, it holds preferred shares linked to Bitcoin treasury firms, providing Brazilian investors with a local channel to access dollar-denominated returns and exposure to Bitcoin ecosystem assets.

A certain crypto whale has been continuously adding to its short positions, with its short positions totaling 2,136 Bitcoin.

According to monitoring by OnchainDataNerd, address 0x66f8 has been steadily adding to its BTC short position, currently holding 2,136 BTC valued at approximately $136 million, making it the largest BTC short position on-chain. The entry price for this position is $63,851, with a liquidation price of $64,595.

A Paxos-linked whale has been steadily reducing its Bitcoin (BTC) holdings, selling a total of 2,500 BTC over the past two months.

According to monitoring by OnchainDataNerd, a Paxos-associated whale has been steadily reducing its Bitcoin holdings. Thirteen hours ago, the address sold an additional 800 BTC via Wintermute, worth roughly $50.72 million, pushing its total BTC sales over the past two months to 2,500 BTC, valued at approximately $154 million.

Analysis: The proportion of short-term Bitcoin holders continues to decline, suggesting the market may be approaching the end of the bear market.

CryptoQuant analyst Darkfost published a note stating that the number of short-term holders (STH) in the Bitcoin market is declining, a positive signal. Currently, the share of BTC supply held by STH has dropped significantly: 1.2% is held for less than 1 day, 2% for 1 day to 1 week, 5.6% for 1 week to 1 month, 6.7% for 1 to 3 months, and 8.1% for 3 to 6 months. Darkfost pointed out that this trend has occurred at the end of every previous bear market. On one hand, this means the proportion of long-term holders (LTH) is increasing. Compared to STH, who are active and more sensitive to market fluctuations, BTC held by LTH is less likely to be transferred. On the other hand, the decline in STH proportion also indicates that market demand has not yet returned. Every BTC purchase creates a new STH UTXO; when market demand is strong, the STH-held supply share rises rapidly, often peaking near market tops. Darkfost believes the market is approaching a "negative extreme" state, where market attention and demand remain at low levels while the number of STH continues to decrease, which is typically a positive signal.

CryptoQuant Founder: Bitcoin futures leverage remains elevated, with ETFs and DAT serving as the primary structural buying forces.

CryptoQuant founder Ki Young Ju stated in a post that Bitcoin OG traders have just experienced the most profitable cycle in history. Unlike previous cycles, crypto exchange traders were not the main exit liquidity this time—ETFs and digital asset reserve firms (DAT) served as the primary buyers. This structural buying pushed Binance traders’ unrealized profits to nearly three times the level seen at the 2021 cycle peak. He noted that Bitcoin’s current price range is similar to that two years ago, and the market is in a deleveraging phase. A large amount of unrealized profits accumulated in this cycle flowed into futures leverage; as traders took profits, BTC’s price is now stable near Binance traders’ average cost basis. Ki Young Ju also pointed out that on-chain market leverage (BTC/USDT futures open interest divided by USDT reserves) once exceeded 0.5, and is now around 0.3—still higher than the level before the ETF launch. If ETF inflows continue, futures leverage is expected to rise again. He further recalled that in 2023, OG whales bought heavily when BTC was near $16,000. The buyer/seller ratio shows that a large number of market long positions were built right around the cycle bottom.

Hacker group Lazarus Group is transferring large amounts of Bitcoin (BTC), and moved 262.2 BTC to a new address two hours ago.

According to on-chain analyst Ai Yi (@ai_9684xtpa), the hacker group Lazarus Group is making large-scale BTC transfers: 2 hours ago, it moved 262.2 BTC to a new address, worth $16.64 million, likely intending to launder the funds; currently, the group still holds over $73.06 million in on-chain assets, primarily in BTC, USDT and ETH.

A crypto whale bought 1,768 Bitcoin during the last bull market, and after weathering the full bull-bear cycle, has opted to implement partial stop-losses.

According to Lookonchain’s monitoring, a crypto whale bought 1,768 BTC at $74,603 per unit during the last bull market, totaling $131.91 million. At its peak, the whale held $91 million in unrealized profits. However, failing to take profits at the high has left him with an unrealized loss of $19.7 million. The whale has now deposited 114 BTC, worth $7.24 million, into Kraken, likely to sell.

Yesterday, Bitcoin ETFs posted a net outflow of $61.1 million, while Ethereum ETFs reported a net inflow of $7.4 million.

According to monitoring by Farside Investors, U.S. spot Bitcoin ETFs recorded a net outflow of $61.1 million yesterday, with IBIT seeing a net outflow of $14.3 million and FBTC a net outflow of $46.8 million. U.S. spot Ethereum ETFs posted a net inflow of $7.4 million, all of which came from ETHA.

Crypto whale DoshiAtoll increased its 40x leveraged Bitcoin short positions to 2,135 units, becoming the largest short position holder on Hyperliquid.

Per Lookonchain’s monitoring, whale DoshiAtoll has added to its 40x Bitcoin short position, lifting it to 2,135 BTC worth nearly $136 million — making it the largest short position on Hyperliquid. The short’s liquidation price is $64,592.3, with an average entry price of $63,851.