Bitcoin (BTC) — Onchain News & Whale Tracking

Bitcoin mining firm Cipher Digital sells 1,619 bitcoins, incurring a $47.7 million loss.

Bitcoin mining firm Cipher Digital sold 1,619 bitcoins (BTC) for $123.4 million, confirming a $47.7 million loss. The company’s filed documents show interest expenses hit $66.7 million, while mining revenue stood at $24.8 million. As of the end of June, Cipher held 646 BTC worth $37.8 million. Quarterly mining revenue fell from $43.6 million in the same period last year, with a $23.5 million loss recorded in the second quarter.

Jiang Zhuo'er: The bottom price of Bitcoin in this cycle is expected to hit $44,000 at the end of October.

Jiang Zhuoer, founder of Leibit Mining Pool (B.TOP), has projected the bottom of the current Bitcoin bear market by analyzing the previous three Bitcoin bull-bear cycles. "Based on historical data fitting, the drawdown ratios of the four cycles are 86.9%, 84.1%, 77.6%, and 65.1% (current cycle forecast), corresponding to a BTC price of $44,016, with the expected occurrence date being October 31," he stated.

Jiang Zhuoer: The bottom price of Bitcoin in this cycle is expected to hit $44,000, and will occur at the end of October.

Jiang Zhuoer, founder of BTC.TOP, has predicted the bottom of the current Bitcoin bear market by analyzing the previous three Bitcoin bull-bear cycles. "Based on historical data fitting, the drawdown ratios of the four cycles are 86.9%, 84.1%, 77.6%, and 65.1% (predicted for the current cycle), corresponding to a BTC price of $44,016, with the expected occurrence date being October 31."

Viewpoint: Bitcoin’s rebound is supported by liquidity contraction, with no new demand emerging yet.

CryptoQuant analyst Axel Adler Jr. stated in a post that while Bitcoin has rebounded to $64,600, two on-chain flow metrics have not confirmed an influx of new demand. The Demand/Issuance Ratio is -5.43, and the coin-age net flow stands at -85,500 BTC. Both metrics have recovered from their July lows but remain negative. A Demand/Issuance Ratio below zero means the volume of young coins is shrinking faster than new issuance, a trend that has lasted around five months. A negative coin-age net flow signals that 85,500 BTC have been moved into the long-term holding category (held for over one year) over the past 30 days, pointing to a continued contraction in liquidity supply. The analyst added that the current rebound is primarily supported by liquidity supply contraction (coin aging, long-term holders’ reluctance to sell) and accumulation behavior, rather than new demand. A return of both metrics to above zero is an improvement signal, and a sustained Demand/Issuance Ratio above 1 is needed to confirm a genuine recovery.

Jack Dorsey’s Block Inc adds 85 Bitcoin, bringing its total holdings to 9,117 BTC.

Jack Dorsey’s Block Inc has added 85 Bitcoin to its holdings, bringing its total Bitcoin reserves to 9,117, placing it 15th on the Bitcoin 100 ranking.

An employee of a Shenzhen-based company, who disguised himself as an overseas hacker, was sentenced for extorting Bitcoin and USDT, with the virtual currency involved in the case valued at over 630,000 yuan.

An employee of a company in Shenzhen’s Pingshan District, who was in debt from online loans, stole the firm’s core R&D materials, then disguised himself as a foreign hacker to send a ransom email demanding 0.88 Bitcoin (BTC), 0.8 BTC, and 90,000 Tether (USDT) as ransom. According to *Procuratorial Daily*, suspect Jia exploited management loopholes at the company to download large volumes of R&D materials from its server and copy the files to his personal mobile phone. He then used overseas email accounts to fabricate a "hacker intrusion" scenario, pressuring the company by claiming the leaked materials would cause massive losses. As the company refused to pay the ransom and reported the case to police, Jia was ultimately sentenced to 3 years and 3 months in prison and fined 10,000 yuan for attempted extortion. During the trial, prosecutors ruled that while Bitcoin and USDT are not legal tender in China, they are virtual assets with property value. The involved virtual currencies, valued at over 630,000 yuan, can be used as the basis for determining the crime amount.

Bitcoin mining firm Power Compute has pledged 307 BTC to restructure its $18 million debt.

Bitcoin mining firm PowerCompute has restructured three debts totaling $18 million via Arch Lending, using 307 Bitcoin from its reserves as collateral to replace prior loans from institutions including Galaxy Digital. The new financing is non-recourse, features a 30-day revolving structure, and carries an annual interest rate of roughly 2%—lower than the 12% rate on some of its old loans—enabling the company to cut interest expenses without selling its Bitcoin holdings.

Yesterday, U.S. spot Bitcoin ETFs posted a net inflow of $244.4 million, while U.S. spot Ethereum ETFs recorded a net inflow of $60.8 million.

According to Farside data, U.S. spot Bitcoin ETFs saw a total net inflow of $244.4 million yesterday. Among them, BlackRock’s IBIT recorded a net inflow of $196.8 million, ARKB $37.6 million, FBTC $11.3 million, BITB $10.6 million, and MSBT $2.8 million; HODL had a net outflow of $14.7 million, while all other ETFs had zero net flow. U.S. spot Ethereum ETFs posted a total net inflow of $60.8 million. Breakdown shows BlackRock’s ETHA attracted $50.3 million in net inflows, ETHB $4.9 million, FETH $2.9 million, ETHW $1.4 million, and TETH $1.3 million, with all remaining ETFs registering zero net flow.

Donald Trump stated that the US-Iran deal will be finalized within 48 hours, Bitcoin rallied, while the three major U.S. stock indexes showed mixed performance.

Trump says U.S.-Iran deal to be finalized within 48 hours; while U.S.-Iran talks are "progressing very well", Iran has refused to acknowledge this. Houthi militants have claimed another attack on a Saudi oil tanker, with Yemen preparing for full-scale confrontation with Saudi Arabia. Iran's foreign ministry spokesperson stated that neither the foreign minister nor the speaker has current plans to visit Pakistan or Qatar. A Gulf state official estimates a 50% probability that the U.S. and Iran will reach a deal before Friday. According to BIT (bit.com) market data, U.S. stocks closed Wednesday: the Dow Jones rose 0.49%, S&P 500 fell 0.17%, Nasdaq fell 0.8%. SpaceX (SPCX.O) dropped 13.6%. NVIDIA (NVDA.O) gained 3.4%, SK Hynix (SKHY.O) fell 2%, and AMD (AMD.O) fell 7%. Per Bitget market data, Bitcoin is currently trading at $64,660, up 0.97% in the past 24 hours.

Bitcoin ETFs see +3,275 $BTC inflow, Ethereum ETFs +23,222 $ETH in 24 hours

August 5 Update: #Bitcoin ETFs: 1D NetFlow: +3,275 $BTC(+$211.08M)?? 7D NetFlow: +5,565 $BTC(+$358.05M)?? #Ethereum ETFs: 1D NetFlow: +23,222 $ETH(+$43.54M)?? 7D NetFlow: +4,953 $ETH(+$9.27M)??

Bitcoin drops below $64,000, with a 0.04% decline in the past 24 hours.

According to HTX market data, Bitcoin has fallen below $64,000, with a 0.04% decline in the past 24 hours.

Analysis: The bear market has entered its final phase, with Bitcoin's profit supply ratio continuing to hover around 52%.

CryptoQuant analyst Darkfost disclosed data showing that Bitcoin’s profitable supply ratio currently stands at 52%, meaning nearly half of circulating BTC is in a loss position. This level marks a key turning point in every bear market: during each deep correction, the profitable ratio eventually stays above the loss ratio for a sustained period. In June and July, this indicator briefly fell below the 50% threshold, but a sustained loss-dominant state has not yet emerged. The current 52% reading indicates the bear market has deepened, and the market is approaching the bottom region of the cycle. The analyst further noted that regardless of what the final absolute bottom price will be, the market is currently entering the final stage of the bear market. The massive concentration of chips accumulated in the $60,000 to $63,000 range has drawn widespread attention to a directional breakout, and the continuous contraction of the profitable supply ratio provides on-chain evidence for this judgment from another dimension. Historical patterns show that when the profitable supply ratio completes bottoming near 50%, it often signals the start of a new cycle’s accumulation phase.

Crypto mining firm MARA transfers 6,000 Bitcoin worth $384.6 million over the past 12 hours.

According to monitoring by The Data Nerd, crypto mining firm MARA transferred 6,000 Bitcoin to TwoPrime over the past 12 hours, worth $384.6 million. The transfer is part of its treasury holding 36,303 Bitcoin valued at $2.34 billion, and it is estimated that the tokens were moved to a custodial account.

A crypto whale shorted Bitcoin with 40x leverage, with the position valued at approximately $103 million.

According to monitoring by OnchainDataNerd, a new crypto wallet has deposited 2.44 million USDC and opened a 1,600 BTC short position with 40x leverage. The position is valued at approximately $102.6 million, with an entry price of around $64,202 and a liquidation price of roughly $64,889. At just about $687 away from its liquidation level, the position has extremely minimal room for error.

Michael Saylor has reduced his Bitcoin holdings three times within a week, selling a total of nearly 3,000 BTC.

According to monitoring by OnchainDataNerd, Michael Saylor has been continuously selling Bitcoin recently. Data shows that addresses linked to him sold approximately 1,638 BTC last week, valued at around $102.4 million; followed by an additional sale of roughly 299.84 BTC worth $18.91 million; and today, another ~1,030 BTC was sold, valued at about $66.14 million. Despite the ongoing sales, Strategy (formerly MicroStrategy) still holds approximately 842,138 BTC, worth around $52.65 billion.

Analysis: Binance whale inflow ratio hits 4-month high, Bitcoin selling pressure intensifies

CryptoQuant analyst Darkfost noted in a post that Binance’s Whale Inflow Ratio has climbed to 0.52, hitting a 4-month high. Bitcoin is currently trading in a narrow range between $60,000 and $65,000, with whale activity intensifying markedly relative to retail and small traders. Whales are sending more BTC to Binance than other market participants, adding to Bitcoin’s selling pressure. Historically, spikes in this ratio have occurred at both market tops and bottoms, paired with panic and capitulation sell-offs. Given the current low-volatility environment, the indicator is likely to revert to normal quickly once this phase passes. Going forward, we need to monitor whether this trend persists.

Analysis: Bitcoin may trade in the range of $58,000 to $67,000 in August; a breakout will still require macroeconomic and capital catalysts.

CryptoQuant analyst Axel Adler Jr has released his August Bitcoin market outlook, noting BTC is currently around 50% off its cycle peak of $126,200 hit in October 2025, with its price approaching the on-chain aggregate holding cost, and expects the cryptocurrency will likely trade sideways in August. The report outlines three scenarios: The base case (55% probability) sees BTC moving between $57,700 and $67,000, ending the month at $60,000 to $64,000. The bear case (30% probability) would see BTC break below $57,700, further testing the on-chain realized price of roughly $52,800. The bull case (15% probability) requires BTC to hold above $67,000, supported by sustained ETF inflows, falling US Treasury yields, and a weaker dollar, with a target range of $71,000 to $74,000. While BTC’s current valuation is near its on-chain cost zone and spot Bitcoin ETFs remain net inflows, providing market support, high interest rates, elevated US Treasury yields, and a strong dollar continue to cap upside for risk assets. The report also warns to monitor August macro events including US nonfarm payrolls, CPI, and the Jackson Hole Economic Symposium for their impact on market liquidity.

A prominent trader: Bitcoin has entered the bottom zone and is accumulating BTC in the range of $54,000 to $64,000.

Well-known trader Doctor Profit stated in a post that he did not short Bitcoin (BTC) precisely at the $125,000 peak, but instead built short positions gradually in the $115,000 to $125,000 range, sold all his BTC holdings, and opened large-scale short positions, while concluding that the current bull market has ended. He has now set BTC’s buying range at $54,000 to $64,000 and is executing purchases per this plan. Doctor Profit added that he cannot predict the exact bottom, noting he is more adept at identifying price zones, and the current buying range signals his view that BTC has entered the bottom area, with him preparing accordingly.

Yesterday, U.S. spot Bitcoin ETFs posted a net inflow of $211.5 million, while U.S. spot Ethereum ETFs recorded a net inflow of $53.1 million.

According to Farside's monitoring, U.S. spot Bitcoin ETFs posted a net inflow of $211.5 million yesterday, while spot Ethereum ETFs saw a net inflow of $53.1 million.

Michael Saylor: BIP-110 only supported by 2.7% of blocks in the current Bitcoin mining difficulty cycle

Strategy founder Michael Saylor stated in a post that during Bitcoin’s current difficulty adjustment cycle, only 38 blocks (accounting for 2.70% of the total) had set the BIP-110 support flag in their block header version field by block 961,022, making its 55% voluntary threshold impossible to meet. At block 961,632, BIP-110 nodes will reject blocks that fail to signal support. Unless the majority of miners reverse course, Bitcoin will operate normally, while BIP-110 will stagnate, fork, or become irrelevant. Its supporters should stop pushing forward with the proposal.

Bitcoin ETF inflows +$102.33M contrast with Ethereum ETF outflows -$30.44M

August 4 Update: #Bitcoin ETFs: 1D NetFlow: +1,600 $BTC(+$102.33M)?? 7D NetFlow: +1,241 $BTC(+$79.36M)?? #Ethereum ETFs: 1D NetFlow: -6,558 $ETH(-$12.27M)?? 7D NetFlow: -16,270 $ETH(-$30.44M)??

Analysts have disclosed a cluster of 28,555 Bitcoin wallets associated with the Qian Zhimin case, with a total value of approximately $1.8 billion.

On-chain investigator Specter disclosed that a wallet cluster holding approximately 28,555 Bitcoin (BTC, valued at ~$1.8 billion) has been identified, and it is possibly linked to the 60,000 BTC money laundering case involving Qian Zhimin. Weeks ago, a Bitcoin wallet dormant since 2017 suddenly transferred 1,020 BTC (worth ~$60 million) and began dispersing the funds across multiple addresses, exhibiting typical money laundering patterns. After tracing these transactions, analysts locked onto an on-chain wallet cluster connected to addresses previously tied to Qian Zhimin’s case by UK law enforcement. Qian Zhimin perpetrated large-scale investment fraud in China between 2014 and 2017, defrauding over 128,000 investors. UK authorities subsequently traced the flow of crime proceeds converted into Bitcoin, and the Metropolitan Police ultimately seized 60,000 BTC in the largest cryptocurrency seizure in UK history. In July 2021, UK authorities transferred the seized Bitcoin, creating identifiable on-chain address links. Based on on-chain evidence, analysts noted it is currently impossible to determine if these wallets remain controlled by the same actors, have been transferred to other custodians, or have already been identified by law enforcement.

The Coldcard vulnerability attack cluster remains active, with the fourth wave of attacks causing losses of 388.93 Bitcoin for 462 suspected victims.

According to OnchainLens monitoring, the Coldcard wallet vulnerability incident has affected over 5,200 addresses so far, with a total of approximately 1,816 Bitcoin (worth around $114 million) stolen. The confirmed first through third attack waves resulted in combined losses of 1,367.05 Bitcoin (about $88.6 million). The fourth wave of attacks, which leveraged pattern matching, caused 462 suspected victims to lose 388.93 Bitcoin. On-chain data is currently being used to identify related attack clusters; the attackers have not yet transferred the stolen funds. The attack cluster remains active, with its latest transaction recorded just minutes ago.

Binance launches Bitcoin-collateralized "Lite Loan" micro-loan product.

Binance officially launched its Bitcoin-collateralized "Lite Loan" micro-loan product today, allowing eligible users to borrow up to 1,000 USDT using BTC as collateral without selling their Bitcoin. The product targets users with small, short-term funding needs: the pledged Bitcoin can come from Simple Earn flexible products and continue to earn returns, while the borrowed USDT can be used for trading.

Italy's largest bank offloaded its entire holdings of Bitcoin spot ETF and significantly increased its positions in Ethereum spot ETF.

Italy’s largest bank, Intesa Sanpaolo, disclosed in a 13F filing that it cut its holdings of IBIT common shares from 646,809 to 40,723 at the end of the second quarter, a 93.7% drop. The lender also reduced the underlying share count of its IBIT call options from 2,496,500 to 18,000, a 99.3% decline. While trimming its Bitcoin spot ETF positions, Intesa Sanpaolo added IBIT put options and lifted its stake in the iShares Staked Ethereum ETF from 116,200 shares to 349,600, an increase of just over threefold.

Analysis: Bitcoin short-term holders show extremely low activity, approaching the historical bottom zone.

South Korean crypto analyst Crypto Dan stated that Bitcoin is currently in a very cheap price range. From a cyclical standpoint, Bitcoin has reached a level similar to historical bottoms of past cycles. While it remains uncertain whether the lowest point has been hit, indicators show market participants’ interest in the crypto market is as low as it was during previous bottoms. Given the next bull cycle expected to start around 2027, the current price range is undoubtedly a bargain. A chart released by Crypto Dan reveals that Bitcoin’s Realized Market Cap to UTXO Ratio is currently at a historical low of around 5%, matching the lows seen in prior cycle bottoms. This indicates extremely low activity among short-term holders and weak market interest, mirroring typical historical bottom regions.

A trader has sold BTC call options totaling $173 million in value, betting that Bitcoin will not break through $70,000 before September 25.

According to on-chain analyst Ai Yi (Twitter handle @ai_9684xtpa), a trader has sold a total of 2,709 BTC call options expiring on September 25 with a $70,000 strike price. The notional value of the positions is approximately $173 million, effectively betting that BTC will not rise more than 9.5% over the next 52 days. The trader collected around $3.03 million in option premiums. If BTC’s price does not break above $70,000 at expiration, the trader pockets the entire premium; if the price surges sharply, they may incur corresponding losses.

American real estate investment firm Cardone Capital increases its holdings by 350 bitcoins.

Grant Cardone, CEO of U.S. real estate investment firm Cardone Capital, announced on social media that Cardone Capital has added 350 Bitcoins to its holdings, valued at approximately $22.3 million.

Jim Cramer says he will liquidate his entire Bitcoin holdings, expressing concerns that quantum computing could threaten Bitcoin’s security within three years.

Former hedge fund manager and CNBC host Jim Cramer said he plans to sell all his Bitcoin holdings over concerns that quantum computing could threaten BTC’s security. His comments stemmed from an interview with IBM Chairman and CEO Arvind Krishna, who warned investors to watch for quantum computing’s challenge to modern cryptography in the next 3 to 4 years. Cramer believes quantum computing could pose a threat to the Bitcoin network around the same timeframe. However, no independent confirmation has been made of how much BTC Cramer holds, or whether he has already completed the sale. Following his remarks, Bitcoin continued trading normally near $63,764, with some market participants once again viewing his comments as a "reverse Cramer" signal. Bitcoin uses the ECDSA signature scheme based on the secp256k1 curve; in theory, a sufficiently powerful quantum computer could use Shor’s algorithm to derive private keys from public keys. The risk is concentrated primarily on addresses with exposed public keys, including reused addresses, early wallet formats, and the short time window after a transaction is broadcast before confirmation. Researchers estimate that roughly 6 million to 7 million BTC, or about 30% of the total supply, fall into this category. Google Quantum AI estimated in March this year that cracking the relevant cryptographic mechanisms could require fewer than 500,000 physical qubits, a roughly 20-fold reduction from prior projections. However, current quantum systems typically only have hundreds to thousands of physical qubits, with far fewer logical qubits that offer higher reliability. Most researchers expect that a quantum computer capable of breaking cryptographic codes will likely not emerge until the 2030s or even the 2040s, making Cramer’s 3-year timeline far earlier than most technical projections.

Hashdex has announced it will close and liquidate its Hashdex Bitcoin ETF, with August 17 as the final trading day.

Hashdex announced plans to close and liquidate its Hashdex Bitcoin ETF (DEFI). As of July 30, the fund’s assets under management (AUM) stood at roughly $14.7 million, making it the only fund under the Hashdex Commodities Trust. The firm noted its other products for U.S. investors still hold over $200 million in AUM. Investors may sell their fund shares via NYSE Arca by the close of trading on August 17. After that date, the fund will halt subscription orders from authorized participants, then cease trading and delist. Shareholders holding positions through the August 17 close are expected to receive cash liquidation proceeds around August 28. Following the last trading day, the fund will sell its remaining Bitcoin holdings, abandon its original investment goals, and only proceed with liquidation, liability repayment, and distribution of remaining assets to shareholders. Liquidation proceeds will be calculated based on the fund’s net asset value (NAV) on the liquidation date, minus fund closure and transaction costs. Hashdex cautioned that during the fund’s Bitcoin sale period, crypto prices could experience significant volatility, which may affect the final distribution amount.

Michael Saylor: I have never sold any Bitcoin. MicroStrategy's BTC trading is part of the company's capital management activities.

Strategy founder Michael Saylor posted a statement clarifying that his earlier "Never Sell Your Bitcoin" stance was shared with other Bitcoin holders in his capacity as an individual investor. Saylor said he has never sold any Bitcoin, "not even a single satoshi". He emphasized that Strategy is a public company, not a personal wallet, and has publicly disclosed since 2020 that it may buy or sell BTC for capital management purposes. Saylor noted that Strategy and its investors’ long-term conviction in Bitcoin remains unchanged, adding that the company’s related operations are part of its corporate financial strategy, while his personal stance on holding Bitcoin stays consistent. Previously, the market had been monitoring whether Strategy would adjust its Bitcoin holding strategy; Saylor’s latest remarks aim to clearly distinguish between personal Bitcoin holding behavior and public company asset management decisions.

Trump-linked Bitcoin mining firm American Bitcoin’s CEO resigns, joins AI energy infrastructure company.

Trump-linked bitcoin mining firm American Bitcoin (ABTC) announced that its president and interim CFO Matt Prusak will step down on August 4 to join AI and energy infrastructure company Giga Energy as chief business officer and interim CFO. Prusak said that after "years of building his bitcoin business", he will move upstream to the energy infrastructure sector, focusing on power supply issues that currently constrain the development of both bitcoin mining and AI computing. American Bitcoin, co-founded with Eric Trump and backed by Hut 8, is a Nasdaq-listed bitcoin mining firm. Prusak previously led the company's bitcoin accumulation strategy, which included expanding computing power and increasing BTC holdings per share. Headquartered in Houston, Giga Energy primarily develops power equipment and AI data center infrastructure. The company said it has delivered over 6.5GW of power infrastructure to date and is developing more than 500MW of AI data center capacity. Industry insiders believe Prusak's move reflects that the bitcoin mining sector is accelerating its shift toward AI infrastructure. As competition in the mining business intensifies and profit margins come under pressure, an increasing number of mining firms are leveraging their power resources, land reserves and data center capabilities to enter the AI computing infrastructure market. As large tech firms compete for power and data center capacity, energy supply has become a core bottleneck for AI computing expansion, and companies with power resource integration capabilities are gaining more attention.

Altcoins now account for 60% of total trading volume on Binance, while Bitcoin’s (BTC) share has fallen to 22%.

Currently, spot Bitcoin trading volumes on Binance and other major crypto exchanges have dropped to a low level, approaching the levels seen at the end of the 2023 bear market, indicating a decline in market attention to BTC. Data shows that in May, Bitcoin dominated Binance’s trading volume, accounting for nearly 40%, while trading volumes for Ethereum and altcoins were relatively low. Now, the market’s trading structure has shifted: altcoins make up over 60% of trading volume, while Bitcoin’s share has fallen to 22% and Ethereum’s to around 18%. Darkfost noted that Bitcoin prices have seen limited volatility for weeks, with the market entering a “boring phase” as some investors turn to altcoins to seize trading opportunities in the current low-volatility environment. Analysts say that since most altcoins have experienced larger pullbacks than Bitcoin recently, some investors are betting altcoins may outperform BTC going forward. However, such strategies carry high risks and require investors to exercise careful position management.

Bitcoin ETFs post $210.32M outflows; Ethereum shows 7D inflows

Aug 3 Update: #Bitcoin ETFs: 1D NetFlow: -3,321 $BTC(-$210.32M)?? 7D NetFlow: -297 $BTC(-$18.8M)?? #Ethereum ETFs: 1D NetFlow: -3,515 $ETH(-$6.52M)?? 7D NetFlow: +1,573 $ETH(+$2.92M)??

A long-dormant early Bitcoin miner transferred 500 BTC after 13 years of inactivity, with the holdings now valued at over $31 million.

According to EmberCN’s monitoring, an ancient Bitcoin miner address transferred 500 long-inactive BTC roughly half an hour ago, worth approximately $31.27 million. Data shows these 500 BTC, aggregated from mining addresses in 2013, had not been moved for over 13 years. At that time, Bitcoin’s price was around $1,020, making the 500 BTC worth about $510,000. It is reported that $1,020 was one of Bitcoin’s price highs around 2013, and BTC’s price did not return to the $1,000 level until 2017, meaning this address had experienced a roughly three to four-year "lock-in" period. Currently, the value of this batch of BTC has increased by about 60 times compared to its original value.

Trump-linked crypto mining firm American Bitcoin reported record production in the second quarter, with narrowed losses.

US-listed bitcoin miner American Bitcoin has released its Q2 financial results. Driven by growth in mining output, the company posted a record-high quarterly production, rising revenue, and a narrower net loss compared to the prior quarter. Data shows the firm mined 932 bitcoins in Q2, lifting mining revenue by 8% year-over-year to $67 million, up from $62.1 million in Q1. Its net loss stood at $57.2 million, a sharp drop from $81.8 million in Q1. American Bitcoin was co-founded by Eric Trump and Donald Trump Jr., and is affiliated with the Trump family. Majority ownership of the company is currently held by crypto mining firm Hut 8. As of June 30, the company held roughly 8,002 BTC, and had pledged around 3,090 BTC as part of an agreement with Bitmain for the purchase of mining rigs. Per data from Bitcoin Treasuries, American Bitcoin ranked 16th among global companies holding bitcoin reserves at the time. Earlier, after its share price fell below Nasdaq’s minimum bid requirements, American Bitcoin completed a 1-for-15 reverse stock split in July to retain its listing status. The company’s stock closed down 6.4% last Friday at $5.52, and saw a minor rise in pre-market trading following the earnings release.

American Bitcoin's Bitcoin reserves topped 8,000 in the second quarter, notching its highest quarterly production on record.

American Bitcoin (NASDAQ: ABTC) released its Q2 2026 financial report, showing that as of June 30, the company’s Bitcoin reserves rose to approximately 8,002 BTC, an increase of about 981 BTC from the end of Q1, representing a 14% quarterly growth. Satoshis per share grew by roughly 11%. During the reporting period, the company mined approximately 932 BTC, hitting a record high quarterly production. Mining revenue totaled around $67.02 million, an 8% quarter-over-quarter increase, with gross margin remaining at roughly 50%. The per-BTC mining cost stood at $36,500, nearly unchanged from the prior quarter. Mike Ho, CEO of American Bitcoin, stated that the company will continue expanding mining infrastructure and strengthening its balance sheet to steadily grow its Bitcoin reserves. Eric Trump, co-founder and Chief Strategy Officer, noted that the firm now holds over 8,000 BTC and operates one of the world’s largest Bitcoin mining platforms, expressing unwavering confidence in Bitcoin’s long-term prospects.

A trader opens high-leverage long positions worth $43.68 million in Bitcoin (BTC) and Ethereum (ETH)

According to Onchain Lens monitoring, a Hyperliquid trader opened high-leverage long positions over the past hour: a 40x leveraged long of 400.88 BTC (worth approximately $25.16 million) and a 25x leveraged long of 10,000 ETH (worth around $18.51 million), bringing total position value to roughly $43.68 million. The position currently has an unrealized profit of about $193,300, though the trader’s cumulative historical losses still stand at around $1.95 million.

South Korea’s benchmark KOSPI index has overtaken Bitcoin to top the global ranking of stock indices by volatility.

According to Bloomberg, South Korea's Korea Composite Stock Price Index (KOSPI) has become the world's most volatile national stock index, even exceeding Bitcoin in volatility. The KOSPI's year-to-date return volatility has surged to 63%, ranking first among major national stock indices, surpassing Bitcoin's 48%.

South Korea's KOSPI index has seen its year-to-date volatility surge to 63%, surpassing Bitcoin's 48%.

According to Bloomberg, South Korea's KOSPI has emerged as the world's most volatile national stock index, even outstripping Bitcoin in volatility. The index's year-to-date return volatility has surged to 63%, topping the list among major national stock indices and exceeding Bitcoin's 48%.

Cold Wallets No Longer Secure? Everyone On Edge As Multiple Dormant Crypto Whales Transfer All Bitcoin Holdings

According to monitoring by Onchain Lens, a Bitcoin whale that had been dormant for four years transferred 730 BTC (valued at approximately $46.12 million) to a brand-new wallet one hour ago. On-chain records show that this wallet had accumulated the aforementioned holdings over the past seven years. Earlier reports noted that another whale ended a seven-month dormancy today, transferring 16,400 BTC to a new address. Analysts stated that sustained attacks on Bitcoin hardware wallet manufacturer Coldcard due to vulnerabilities, along with the loss of years of savings for some users, may be a key factor driving the whale’s holding transfers. The security of hardware wallets is now facing severe doubts, which could prompt many long-term holding whales to feel anxious and start moving their holdings to new addresses to mitigate risks.

Short-term Bitcoin holders sold 32,000 Bitcoin at a loss in a single day, hitting a one-month high.

CryptoQuant analyst Darkfost said short-term Bitcoin holders transferred more than 32,000 BTC to centralized exchanges (CEX) on August 1 at a loss, marking one of the largest sell-off loss events in the past month.

Strategy may sell nearly 300 Bitcoin again.

According to monitoring by Onchain Lens, a wallet associated with MicroStrategy transferred 299.843 BTC (valued at approximately $18.91 million) to an address 9 hours ago. The address had previously sent Bitcoin to Galaxy Digital, Binance, and Coinbase. Analysts noted a similar transfer occurred last month, around the time MicroStrategy reported selling BTC worth roughly $216 million.

Glassnode: Bitcoin futures basis shows signs of a cyclical bottom, remaining persistently below 2-year U.S. Treasuries.

Crypto analytics firm Glassnode said that since February this year, the basis yield of 3-month Bitcoin futures has remained lower than the yield of 2-year U.S. Treasuries. Historically, there has only been one other period of comparable length: from August 2022 to January 2023, a timeframe that ultimately marked the bottom of the cycle.

Michael Saylor has once again published Bitcoin Tracker information.

Strategy founder Michael Saylor once again shared updates related to the firm’s Bitcoin tracker, with the caption: “Bitcoin Drive engaged.” Per its historical pattern, Strategy typically discloses Bitcoin purchases the day after such announcements, but the company has not added to its Bitcoin holdings for five consecutive weeks. This week, Strategy released its second-quarter financial results, reporting an $8.2 billion loss, compared to a $10 billion profit in the year-ago period. The loss stemmed primarily from unrealized paper losses on its Bitcoin holdings. Strategy noted that its Bitcoin position rose 11% in Q2, peaking at 846,000 BTC before the firm began selling some of its assets. As of its latest filing, the company holds 843,775 BTC. Year-to-date, Strategy has sold approximately $218 million worth of Bitcoin to cover preferred stock dividends. The firm had previously suspended Bitcoin purchases for five consecutive weeks, shifting its focus to expanding U.S. dollar cash reserves.

Researchers from the People's Public Security University of China have developed an AI algorithm to track Bitcoin money laundering, with an overall accuracy rate of approximately 90%.

Researchers from the Chinese People's Public Security University have developed an AI framework that detects illegal cryptocurrency transactions with an overall accuracy of nearly 90%. The study was published in the Chinese peer-reviewed journal *Intelligence Magazine*. Corresponding author Dr. Sun Jingchao, who specializes in criminal investigation and cybersecurity, noted that the research "provides an accurate, scalable, and interpretable solution for detecting illegal cryptocurrency transactions" and offers an innovative technical path for regulators to crack down on illegal crypto activities and economic crimes. The AI framework leverages memory modules and large language models, specifically targeting the anonymity and cross-border traits of cryptocurrencies to track illegal transactions such as money laundering. The research comes as China continues to intensify its efforts against crypto-related financial crimes. In March this year, the Supreme People's Procuratorate disclosed that procuratorial organs prosecuted 3,259 people for money laundering involving virtual currencies and underground banks in 2025. As cryptocurrency trading volumes surge, its anonymous and cross-border nature creates channels for illegal fund flows; this police-developed AI detection tool marks an upgrade in regulatory technical means from passive tracking to active intelligent identification.

Bitcoin drops below $63,000, posting a 0.12% decline in the last 24 hours.

According to HTX market data, Bitcoin has fallen below $63,000, with a 0.12% decline in the past 24 hours.

Following a hack on Coldcard, small-value Bitcoin transfer activity has surged to its highest level since the FTX collapse.

The recent hacking incident targeting Coldcard wallets continues to escalate, with a sharp rise in small-value Bitcoin transfers hitting their highest level since the FTX collapse, reigniting market discussions about Bitcoin self-custody security. CryptoQuant Research Head Julio Moreno revealed data showing that the number of on-chain Bitcoin transfers under 1 BTC has risen to its highest level since November 2022, with roughly 39,600 BTC transferred in a single day—just 300 BTC short of the November 16, 2022, record of 39,900 BTC set days after FTX filed for bankruptcy. Users are proactively taking action to mitigate risks. Previous reports noted that the Coldcard Bitcoin hardware wallet was targeted in the attack; stolen funds have now reached 1,367.05 BTC, worth approximately $88.6 million, across 4,585 addresses. Galaxy Research Head Alex Thorn stated that the attack is still ongoing, urging users who have not yet moved their funds to immediately transfer assets out of addresses generated by Coldcard.

The probability that Bitcoin will rise to $70,000 this month stands at 26%.

Prediction market platform Polymarket puts the probability of Bitcoin rising to $70,000 in August at 26%. Additionally, the probability of Bitcoin hitting $65,000 is 80%, while the probability of it falling to $60,000 is 56%.

Prominent trader: Bitcoin remains range-bound and is approaching the bear market low.

Well-known crypto trader Killa stated in a post that when Bitcoin (BTC) enters a new monthly cycle, the market has built up a strong bearish narrative, making a bullish reaction at the start of this month highly probable. He pointed out that based on past price action, BTC typically sees a counter-move when entering a new phase amid pronounced bearish sentiment. This pattern only tends to fail ahead of a major trend shift, such as last November and February and June this year. Killa argues BTC is currently still in range-bound trading, near bear market lows, leaving two possible outcomes: either the price makes one final break below $57,000, or it starts a rally this month and continues trading within the range. Even if BTC declines later, a 2% to 4% rise at the start of this month would better align with the current market structure.