Data: Over the past week, CEX net outflow exceeded 15,000 BTC

On July 9th, according to the data from Glassnode, whales that hold at least 10,000 ETH are speeding up their accumulation, and the pace is even quicker than that before the 95% surge in ETH in mid-2022. As of this Monday, the total amount of ETH held by these whales has rebounded from a historical low of 37.56 million in October 2024 to 41.06 million, representing an increase of 9.31%. This growth rate is nearly twice as fast as during the period from May to September 2022 (when the ETH price rose from around $1,000 to $1,950). A similar situation took place from November 2020 to January 2021. During that time, whale holdings increased by 4%, and the ETH price soared from $460 to $1,220. History shows that whales often start to accumulate before a full-scale market takeoff. The data from Glassnode indicates that the $2,500 - $2,536 range is the strongest accumulation area recently. Over 3.45 million ETH are concentrated at this cost basis, forming a key support level.

On July 9th, as per the report on Globenewswire, the arcade game behemoth Atari disclosed in its latest annual revenue report that it intends to make adjustments to its Web3 ecosystem initiative, Atari X. This initiative was initially designed to drive the development of a Web3 blockchain ecosystem, bringing gaming, utilities, and the community together and exploring token issuance. Nevertheless, based on the latest data, the transaction volume of Atari X was extremely low (only 100,000 euros in the 2024 fiscal year), so it is no longer regarded as a separate business line, and the strategic focus will remain on the core video game business.

On July 9th, the analysts at Bitfinex pointed out in their latest report that current traders are cautious about purchasing Bitcoin at the present price level. This is because the cryptocurrency has continuously failed to successfully break through the historical high of $111,970. "The bulls seem hesitant or are unable to push the price further upward in the absence of new catalysts or clearer macro signals." The analyst stated that although the profit-taking pressure has decreased, the lack of buying interest indicates that traders are still waiting for direction confirmation. It is worth noting that according to Santiment data, Bitcoin's social media sentiment has reached a three-week high, with bullish comments being 1.51 times more than bearish ones. However, the analysts at the platform warn that similar sentiment spikes have led to price pullbacks on June 11th and July 7th.

July 9th. According to official information, The Blockchain Group, which is the first Bitcoin reserve strategic company in Europe, has declared that it has embarked on the final listing process on the OTCID board of the U.S. OTC Markets Group. The anticipated time frame is between 2 to 4 weeks, which depends on regulatory procedures and the internal decision-making process of the OTCID. The official statement suggested that this listing does not involve the issuance of new stocks or any fundraising activities. As part of the arrangement, market makers will acquire the company's existing stocks from a pan-European exchange and provide liquidity services in the U.S. market through a settlement and delivery mechanism that complies with U.S. market standards by using a dedicated U.S. dollar trading code.

On July 9th, the Swedish listed company H100 Group officially disclosed on social media that the company has raised an additional 516 million Swedish Krona (approximately $54 million) by carrying out the sixth and seventh rounds of fundraising. The funds will be allocated for investment opportunities within the company's Bitcoin reserve strategic framework. These two rounds of fundraising were initially announced on June 16th. Up to now, the total raised funds of H100 Group have increased to 921 million Swedish Krona ($96 million).

On July 9th, according to the announcement made by the UK-listed company The Smarter Web Company, the company has successfully completed a ￡10.3415 million (pre-tax) subscription financing. During this process, 3,182,013 new ordinary shares were issued at a price of ￡3.25 per share. These new shares are scheduled to be listed on July 14th. After this financing round, the total number of issued shares of The Smarter Web Company will reach 259,649,448 shares, and the existing shareholders (including board members) will experience a dilution of approximately 5.46%. In earlier news, on July 7th, The Smarter Web Company increased its Bitcoin holdings by 226.42 BTC, bringing the total holdings to 1000 BTC. The total investment in Bitcoin amounts to ￡78.22 million.