Bitcoin (BTC) — Onchain News & Whale Tracking

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.

Glassnode: Bitcoin enters the late bear market compression phase, but real demand signals have not yet emerged.

Glassnode’s market analysis notes that Bitcoin is currently trading between its median realized price (~$63,000) and short-term holder cost basis (~$68,700). Spot trading volume has hit its lowest level since 2019, leaving the market in an extremely quiet, compressed state. Despite core inflation falling to 2.5% in July and stocks hitting new highs, Bitcoin has barely reacted, even weakening, indicating a clear lack of demand. On the other hand, selling pressure is easing: profitable supply is approaching levels seen in past bear market bottoms, the seller exhaustion metric has hit a cycle low, and the adjusted SOPR has been rejected near the break-even line nine times. Meanwhile, buyers remain absent: ETF net inflows are minimal, and coins continue flowing into exchanges. Yet derivatives leverage has already positioned heavily for longs in advance, open interest is high relative to volume, and order book buy orders are thinning. Glassnode identifies key levels at $68,700 on the upside and ~$58,500 on the downside: a sustained break above the former, paired with a rebound in volume and ETF inflows, would confirm a market improvement; a break below the latter could trigger accelerated declines amid thin buy orders and crowded long positions. Overall, Glassnode remains cautious, describing the current state as a late bear market compression phase, with no clear signs of genuine demand emerging yet.

Bitwise CIO: Bitcoin’s price has shown little reaction to multiple recent bearish headwinds, suggesting it may have already bottomed out.

Bitwise CIO Matt Hougan told Bloomberg in an interview that Bitcoin may have reached the bottom of its bear market, as recent negative developments—including the Coldcard wallet hack, Strategy Inc.’s Bitcoin sales, and stalled progress on the CLARITY Act—have failed to trigger a meaningful price drop. Hougan noted that the market’s ability to brush off bad news is a sign the bear market is ending, and he anticipates the approval of crypto ETFs by wealth management platforms and institutional inflows will serve as a catalyst for the next stage of upward momentum.

BIP-110 fails, activation prospects of Bitcoin soft fork proposal BIP-54 blocked.

BIP-54, officially named "Consensus Cleanup", proposes four limited modifications to Bitcoin’s core rules. The proposal aims to fix old vulnerabilities and unusual edge cases, rather than adding new use cases for Bitcoin. Supporters emphasize this distinction is critical: it serves as preventive maintenance for a network now worth far more than when many of its underlying rules were established. F2Pool co-founder Wang Chun stated he does not support the proposal. He explained that if BIP-54 secures the required majority via the standard BIP-9 activation process, F2Pool will update its mining nodes, though the pool will not issue advance support signals. Wang Chun’s objections center primarily on process and priority. He argues that bundling the four changes together is akin to tying unrelated measures into a single bill. He contends that several of the risks are too remote to justify the coordination, software upgrades, and community attention required for a soft fork, which modifies Bitcoin’s rules in a way older software may not enforce. Supporters hold a different view on the bundling approach. They argue every consensus change carries high social costs, so combining multiple defensive fixes reduces the number of full-network hard activations needed. They also note that Bitcoin’s rising value gives attackers greater incentive to exploit weaknesses that once seemed purely theoretical.

Metaplanet CEO: Company Has Not Sold Any Bitcoin, Transfers Are Routine Custodial Operations

Metaplanet CEO Simon Gerovich stated in a post that the firm transferred 5,014 BTC between its custodial addresses over the past 24 hours, noting this is a routine custody operation with no Bitcoin sold. Metaplanet’s Bitcoin holdings remain at 43,000 BTC. All related addresses are public, so the transfer can be observed in real time. The transferred BTC is valued at $322 million, with total network fees amounting to roughly $8.

CPI slows as expected, dimming Fed rate hike bets; AI stocks surge, Bitcoin edges lower.

According to BIT (bit.com) market data, the as-expected slowdown in the Consumer Price Index (CPI) has dampened expectations of a Federal Reserve interest rate hike. The three major U.S. stock indexes closed mixed: the Dow Jones Industrial Average fell 0.04%, the Nasdaq rose 0.54%, and the S&P 500 gained 0.26%. Nvidia climbed 3.03% to close at $224.09, its highest closing price since June 2. Overnight in pre-market trading, Goldman Sachs maintained its "Buy" rating on Nvidia with a $285 target price. SpaceX jumped 9.65% as the company announced the launch of Grok 4.6 during the session. AI-related stocks surged across sectors: In the memory chip segment, SK Hynix rose over 9%, SanDisk gained more than 5%, Western Digital advanced over 3%, Seagate climbed over 7%, and Micron Technology rose over 4%. For optical communications and photonics products, Lumentum surged over 13%, Coherent gained more than 8%, and Corning rose over 5%. In the semiconductor equipment space, Applied Materials climbed over 4%, Lam Research advanced over 4%, and KLA rose over 3%. Among next-generation AI cloud service providers, Nebius jumped over 34% and CoreWeave surged more than 19%. Turning to the Middle East situation: Former U.S. President Trump stated that the U.S. has full control over the Strait of Hormuz. A spokesperson for Iran’s Revolutionary Guard responded that if Iran faces another threat, hundreds of thousands of miles of energy transmission lines, thousands of power plants, all U.S. and non-U.S. facilities, and even global infrastructure connected to the internet will be targeted. According to HTX market data, Bitcoin edged down 0.19% in the past 24 hours, trading at $63,423.

Goldman Sachs plans to acquire Neos for up to $2.25 billion, thereby gaining a Bitcoin options income ETF with an approximate size of $1 billion.

Goldman Sachs will acquire ETF issuer Neos Investments for up to $2.25 billion through cash and equity transactions. Neos operates nearly 24 options-based income ETFs with around $32 billion in assets under management (AUM); upon deal closure, Goldman Sachs’ ETF AUM is projected to increase to approximately $130 billion. Bloomberg ETF analyst Eric Balchunas noted that the acquisition will give Goldman Sachs access to Neos’ roughly $1 billion Bitcoin Premium Income ETF (BTCI). The fund generates returns via Bitcoin-related assets and option strategies, boasting a distribution yield of around 27% and the ability to capture most of Bitcoin’s upside gains.

Bitcoin ETFs see $16.97M outflow, Ethereum ETFs attract $7.28M inflow on Aug 12

August 12 Update: #Bitcoin ETFs: 1D NetFlow: -265 $BTC(-$16.97M)?? 7D NetFlow: +4,711 $BTC(+$301.16M)?? #Ethereum ETFs: 1D NetFlow: +3,823 $ETH(+$7.28M)?? 7D NetFlow: +89,742 $ETH(+$170.83M)??

A prominent trader notes that the Clarity Act will play the same role crypto ETFs served in the last cycle, and Bitcoin could bottom out and rally ahead of the bill’s passage.

Prominent trader Killa posted that during the last bull run, Bitcoin began recovering from lows ahead of ETF rumors and formal approval, emphasizing markets typically price in positive news in advance. This cycle could follow a similar pattern: the current "Clarity Act" (Regulatory Clarity Act) is shaping a new narrative. "If it indeed acts as a catalyst, it will likely mark the start of BTC’s first meaningful rally phase since the recovery from the prior bear market, and its approval will soon push Bitcoin to a new all-time high (ATH)—just like the ETF approval did," Killa noted. A BTC-focused quantitative trader, Killa correctly predicted the peak of this bull run in May 2025 and has over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, then switched to a long position during the broad market sell-off on June 5.

US stocks opened higher, but Bitcoin fell instead of rising, briefly dipping below $64,000.

Despite tonight's moderately positive CPI data and the US stock market opening higher, Bitcoin failed to align with market sentiment. According to HTX market data, Bitcoin instead fell after the US stock market opened, currently trading at $63,990.22, with its daily gain narrowed to 0.59%.

A Bitcoin (BTC) whale holding $114.4 million in short positions has reduced some of its positions to avoid liquidation, with its current short position standing at approximately $98.97 million.

According to Lookonchain’s monitoring, as Bitcoin (BTC) rallied, trader 0xff84’s short position of 1,793 BTC (valued at roughly $114.4 million) nearly triggered liquidation. The trader closed part of the position in advance to avoid being liquidated. Currently, their short position stands at 1,543 BTC, worth approximately $98.97 million, with a new liquidation price of $64,225.35.

Bitcoin breaks through $64,000, Ethereum surpasses $1,900.

According to HTX market data, Bitcoin has broken through $64,000, with its 24-hour decline narrowing to 0.32%. Ethereum has surpassed $1,900, posting a 1.1% gain over the past 24 hours.

Analysis: Selling pressure from listed mining firms is an overlooked factor weighing on Bitcoin’s price; these companies have sold $1.78 billion worth of BTC this year.

Bitcoin has fallen roughly 27% year-to-date, with its price retreating below $64,000. In addition to over $4.4 billion in net outflows from U.S. spot crypto ETFs, sales by long-dormant holders and digital asset treasury firms, listed Bitcoin miners have emerged as a less-discussed supply source in the market. According to Blockware Intelligence data, listed miners held a combined ~127,000 BTC at the start of the year, a figure that has since dropped to 99,000 BTC. This translates to roughly 28,000 BTC sold year-to-date, worth around $1.78 billion at current prices. Blockware Solutions’ research team noted: “The sales by listed miners since the start of the year are an underdiscussed factor weighing on Bitcoin’s weak price performance in 2026.” Miners’ profitability is also under pressure, with the average cost to mine one BTC standing at roughly $74,300. A growing number of miners are shifting to AI operations, leveraging the high-voltage power resources they have secured to support this transition. Meanwhile, Bitcoin’s mining difficulty has dropped roughly 18% from its November peak, with the decline in hash rate marking one of the longest such stretches on record. Blockware stated that competition has eased following the exit of large miners, and active operators are now earning roughly 18% more BTC than they were 10 months ago, leading to improved mining economics.

A well-known trader: Historical bottom signal has re-emerged, and Bitcoin may still need several months of sideways consolidation to complete its bottom formation.

Renowned crypto trader Doctor Profit posted that a historical Bitcoin metric is signaling that a bottom has formed or is very near. In 2015, 2019, and 2022, bear market bottom formation phases all began when Bitcoin’s realized price for holders with a 3–6 month holding period crossed below that of holders with a 1–2 year holding period. He notes this means newer buyers are capitulating and selling at a loss, with Bitcoin gradually shifting into the hands of longer-term holders. This crossover is now occurring for the fourth time, while BTC’s price sits below the average cost basis of both groups of holders. However, historically this signal does not trigger an immediate reversal; Bitcoin typically undergoes several more months of sideways trading to complete its bottom formation, so this phase can also be viewed as a long-term accumulation zone. Doctor Profit believes the market is currently in the bear market bottom formation and long-term accumulation phase. The trader added that over the past several weeks, he has been accumulating BTC in batches within the $54,000–$64,000 range, and continues to build his position gradually by adding 5% of his total portfolio each time.

Analyst: Bitcoin volatility has fallen to near its lowest level in the past two years, and the market may be brewing sharp fluctuations.

CryptoQuant analyst Axel Adler Jr. wrote in a post that Bitcoin’s current volatility has compressed to an extremely low level, with no clear market direction emerging for now. The Bollinger Band width is currently around 3.8% to 3.9%, one of the lowest levels in the past two years, compared to double-digit levels in early July. He noted that a sharp contraction of the Bollinger Bands typically signals the market entering a consolidation phase before volatility expansion, though the indicator alone cannot determine the direction of the next price move. In terms of trend strength, Bitcoin’s Average Directional Index (ADX) has dropped to 11, near recent lows and well below the 25 threshold his model uses to confirm a trend. The TrendActive indicator remains inactive, with neither bullish nor bearish signals triggered; the last directional signal in early July was bearish, but the current market structure no longer supports that signal. Adler stated that for the market to enter a new trend phase, the Bollinger Band width needs to expand again from its current compressed state, alongside the ADX breaking above 25. The direction can then be judged based on the relationship between the Positive Directional Indicator (+DI) and Negative Directional Indicator (-DI): if either leads by more than 5 points, a corresponding bullish or bearish signal may be triggered. He believes Bitcoin is still in a consolidation phase, with low volatility and trend strength, and the risk of short-term false breakouts remains. The current structure increases the likelihood of significant volatility expansion ahead, but it is still impossible to determine whether the price will eventually break out upward or downward.

Yesterday, U.S. spot Bitcoin ETFs saw a net inflow of $7.8 million, while U.S. spot Ethereum ETFs recorded a net outflow of $1.7 million.

According to data from Farside Investors, Bitcoin spot ETFs posted a total net inflow of $7.8 million on August 11. BlackRock’s IBIT recorded a $50.2 million net inflow, while Fidelity’s FBTC saw an outflow of $4.1 million, ARKB an outflow of $11.5 million, EZBC an outflow of $16.5 million, and HODL an outflow of $10.3 million. The remaining ETFs had minor or zero capital flows. For Ethereum spot ETFs, total net outflows reached $1.7 million on August 11. BlackRock’s ETHA posted a $600,000 net inflow, while Franklin’s FETH saw a $2.3 million outflow, with all other Ethereum ETFs registering zero capital flows.

Glassnode Co-founder: Bitcoin has accumulated long liquidation risks near the $61,000 level, which could trigger a further decline.

Glassnode’s co-founder has published a post noting that Bitcoin has accumulated significant long liquidation risk around the $61,000 level over the past several weeks. He explained that a drop in BTC price to this zone could trigger forced liquidations of leveraged long positions, which would further amplify selling pressure and drive prices lower. Market participants should currently monitor areas where leveraged positions are concentrated, as a liquidation wave could exacerbate short-term price volatility via forced selling.

The largest Bitcoin short whale on Hyperliquid added to its short positions three times this morning, pushing the value of its short positions to a new high of $114 million.

According to on-chain analyst Ai Yi (@ai_9684xtpa), the largest Bitcoin short whale on Hyperliquid added to its positions three times this morning, totaling 1,010 BTC. The whale’s holdings have hit a new high, valued at $114 million, with a total of 1,792.56 BTC held. Its average entry price is $63,999, and it currently has an unrealized profit of $335,000.

Four whale addresses have aggressively opened short positions on Bitcoin at the $64,000 level, with the total value of these positions reaching $340 million.

According to EmberCN’s monitoring, four large whale addresses have recently opened concentrated short positions on Bitcoin near the $64,000 level, totaling $340 million in value. Details of the positions are as follows: Address 1 shorted 1,792 BTC worth $114 million at an entry price of $63,999; Address 2 shorted 1,576 BTC worth $100 million at $64,038; Address 3 shorted 1,200 BTC worth $76.45 million at $64,418; Address 4 shorted 806 BTC worth $51.35 million at $64,398.

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.