Bitcoin (BTC) — Onchain News & Whale Tracking

Coinbase’s Bitcoin negative premium has persisted for 60 days, extending its all-time record.

According to Coinglass data, the Coinbase Bitcoin Premium Index has remained in negative premium territory for 60 consecutive days (since May 19), with its latest reading at -0.0908%. Earlier this year, the index notched 40 straight days of negative premium from January 16 to February 24, marking the longest consecutive negative streak since the metric’s launch—surpassing the roughly 30-day stretch of negative premium seen during the "1011 crash".

Bitcoin drops below $63,000, posting a 2.98% decline in 24 hours.

According to HTX market data, Bitcoin has fallen below $63,000, currently trading at $62,968.46, with a 2.98% drop in the past 24 hours.

Yesterday, Bitcoin ETFs posted a net inflow of $79.1 million, while Ethereum ETFs recorded a net outflow of $28 million.

According to data from Farside Investors, U.S. spot Bitcoin ETFs posted a combined net inflow of $79.1 million yesterday. Of that total, BlackRock’s IBIT attracted $33.4 million, Fidelity’s FBTC $30.7 million, and Bitwise’s BITB $15 million, with no inflows reported for the remaining ETFs. For Ethereum ETFs, the segment saw a total net outflow of $28 million yesterday. Breakdowns: FETH had a net outflow of $11.2 million, ETHE $4.8 million, and ETH-related funds $14.3 million; ETHW logged a net inflow of $2.3 million, while BlackRock’s ETHA saw no inflows.

$1.2 billion worth of Bitcoin (BTC) options are set to expire, while Ethereum (ETH) put positions have remained at high levels for a consecutive month.

Crypto analytics platform Greeks.live reported that on July 17, 19,000 BTC options expired, with a Put-Call Ratio (PCR) of 0.9, a max pain point of $63,000, and a nominal value of around $1.2 billion. Meanwhile, 123,000 ETH options expired, with a PCR of 1.61, a max pain point of $1,800, and a nominal value of roughly $230 million. In terms of market performance, BTC has continued to fluctuate above $60,000 this week, having traded in the $60,000 to $65,000 range for over a month. Sharp swings in U.S. equities (SpaceX and storage sectors) have not yet had a noticeable impact on the crypto market. Looking at options positions, around 5% of options expired this week, leading to a slight drop in overall open interest, mainly due to low market volatility and reduced trading opportunities. BTC’s Gamma Exposure (GEX) is mainly concentrated around $64,000 and $70,000. ETH’s GEX is primarily in the $1,825 to $2,000 range, with a relatively dispersed distribution. Some traders have started positioning for a rebound via slightly out-of-the-money options. The proportion of large bullish trades has continued to rise recently, dominated by short-term bull spread buying strategies. Notably, ETH’s Put-Call Ratio has stayed above 1 for a consecutive month, hitting 1.61 this week. The high proportion of put options outstanding reflects clear market divergence on ETH’s future outlook, with intensified bull-bear rivalry.

JPMorgan: Strategy’s increased cash reserves send a positive signal, and demand for Bitcoin futures has also improved.

JPMorgan analysts noted in a recent report that Strategy has recently increased its U.S. dollar reserves from $2.55 billion to $3 billion, enough to cover roughly 20 months of preferred stock dividend payments, an encouraging sign for Bitcoin’s outlook. If Strategy can rebuild its U.S. dollar reserves to a level covering two to three years of dividends, it will ease market concerns that the company may be forced to sell Bitcoin in the future to cover preferred stock dividend payments. Meanwhile, despite sharp recent volatility in spot Bitcoin ETF flows, both Bitcoin futures and perpetual contracts on the Chicago Mercantile Exchange (CME) recorded net inflows this week—flows typically driven by institutional investors rather than retail, in contrast to the outflows seen in spot ETFs. Additionally, leveraged ETFs linked to Strategy have seen relatively stable, positive net flows over the past seven weeks, driven mainly by retail buying, which has supported Strategy’s common stock price and prevented it from falling below the net asset value of its Bitcoin holdings. Strategy President and CEO Phong Le stated earlier this week that the company’s balance sheet is very secure; it will only begin to worry about debt-related risks if Bitcoin falls to roughly the $8,000–$10,000 range, and plans to issue more shares after STRC preferred stock returns to its $100 par value to further accumulate Bitcoin and expand its U.S. dollar reserves. JPMorgan also reiterated that Strategy is not a major structural threat to Bitcoin; a larger risk lies in the promotion of blockchain technology through permissioned systems, which does not benefit public blockchains or their tokens.

US stock market sell-off drags Bitcoin lower, while Micron falls more than 30% from its all-time high.

Bitcoin pulled back alongside U.S. stocks on Thursday, trading around $64,500 in a range, down roughly 1.5% from the three-week high it notched the prior day. Earlier, both U.S. June CPI and PPI came in below expectations, spurring brief gains for crypto assets and U.S. equities, but tech stocks were subsequently sold off. Micron Technology has now pulled back over 30% from its all-time high set on June 22. The Kobeissi Letter noted that retail investors are cashing in on tech stock gains, with net selling of Tesla and Apple hitting $200 million each over the past two weeks, while total retail stock trading volume rose to a record $370 billion. Market participants remain cautious about Bitcoin’s price trajectory. Exitpump said Bitcoin is testing the anchored volume-weighted average price (VWAP) calculated from its early-May high of $82,000, a level that could cap the current rally and trigger stronger resistance. Rekt Capital stated that Bitcoin has shown initial signs of stalling at its 50-month exponential moving average (EMA) near $65,900, and continues to believe the current trend could mirror the 2022 bear market, with the next macro bottom potentially arriving later this year.

Bankless Co-founder: Bitcoin may have entered a sideways consolidation phase, with the bottom largely in place.

Bankless co-founder David Hoffman published an article stating that Bitcoin’s current trend faces two possible paths: sideways consolidation to bottom out, or one final round of panic selling. He opines that Bitcoin is more likely to enter a sideways grinding phase, with its bottom already largely formed.

Analysis: Bitcoin block call options logged $1.65 billion in trading volume today, as traders are bullish on the cryptocurrency’s performance in the latter part of this month.

Greeks.live researcher Adam published a note stating that Bitcoin saw a sharp rise in bulk call option trading today, with a total of 25,766 BTC call options traded, carrying a nominal value of approximately $1.65 billion. Among these, the bull call spread strategy with strike prices of $70,000/$72,000 expiring at the end of this month saw nearly 10,000 contracts traded, becoming the most active contract. Adam noted that with only around two weeks left until month-end, the large-scale purchase of out-of-the-money call options roughly 10% above the current price reflects the market’s optimistic expectation for Bitcoin’s performance in late this month. However, the adoption of the low-cost bull call spread strategy also indicates that capital is still positioned tentatively rather than making aggressive bets.

Swedish listed company Bitcoin Treasury Capital has received approval to list its preferred stock product, BTC PREF.

Swedish listed company Bitcoin Treasury Capital has been approved to list Sweden’s first bitcoin-backed preferred share product, BTC PREF, on Sweden’s Spotlight Stock Market starting July 20, offering a 10% annual dividend.

Bitcoin falls below $64,000, Ethereum drops below $1,900

According to HTX market data, Bitcoin has fallen below $64,000, with a 24-hour decline of 0.89%. Ethereum has dropped below $1,900, and its 24-hour gain narrowed to 1.3%.

CZ: Artificial intelligence cannot hedge against inflation, but Bitcoin can.

Binance founder CZ issued a bullish statement on Bitcoin: "Artificial intelligence is undoubtedly powerful, but it cannot hedge against inflation. Bitcoin can."

Yesterday, U.S. Bitcoin spot ETFs recorded a net inflow of $107.7 million, while U.S. Ethereum spot ETFs saw a net inflow of $53.9 million.

According to data from Farside Investors, U.S. spot Bitcoin ETFs saw a total net inflow of $107.7 million yesterday. Among them, BlackRock’s IBIT attracted $80.8 million, Fidelity’s FBTC recorded $16.9 million in net inflows, Grayscale’s Bitcoin ETF posted $10 million, while all other ETFs had zero net flows for the day. In the same period, U.S. spot Ethereum ETFs totaled a net inflow of $53.9 million. Breakdown shows BlackRock’s ETHA brought in $45.3 million, ETHB had $4 million, Grayscale’s Ethereum ETF recorded $4.6 million, with all other ETFs registering no net inflows on the day.

Trump tends to expand military operations against Iran, Bitcoin remains range-bound, and the three major U.S. stock indexes closed higher.

U.S. officials say days after holding brief meetings with several senior aides, U.S. President Donald Trump is leaning toward expanding U.S. military operations against Iran. Potential options include intensifying airstrikes, deploying ground forces to seize Iranian islands near the Strait of Hormuz, and bombing a fortified site possibly used for secret nuclear activities. On July 15, the U.S. military carried out a maritime blockade against Iran in the Arabian Gulf, stopping an oil tanker that was attempting to sail to an Iranian port and was not carrying cargo. An Iranian military spokesperson stated that the only way to reopen the waterway is for the U.S. to abide by the memorandum of understanding and enforce "Iranian regulations" in the Strait of Hormuz. According to BIT (bit.com) market data, U.S. stocks closed on Wednesday with the Dow Jones Industrial Average rising 0.29%, the S&P 500 up 0.38%, and the Nasdaq gaining 0.6%. Apple (AAPL.O) rose 4%, ASML (ASML.O) climbed 2%, SK Hynix (SKHY.O) fell 9%, SanDisk (SNDK.O) dropped 8%, and Intel (INTC.O) decreased 4.4%. According to HTX market data, Bitcoin is currently trading at $64,847, down 0.08% in the past 24 hours. Over the past 24 hours, global crypto liquidations totaled $303 million, including $112 million in long positions and $191 million in short positions.

Kraken Launches Customized Crypto Vaults, Allowing Users to Earn Yields on Idle Bitcoin, Ethereum (ETH) and Stablecoins

Kraken Institutional has announced a partnership with on-chain yield platform Upshift, allowing qualified institutional clients to earn returns on idle Bitcoin, Ethereum, stablecoins and other crypto assets directly within Kraken’s compliant custody framework. Unlike traditional pooled vaults, Upshift will build dedicated, customized vaults for each client, fully tailored to their investment strategies, risk parameters, liquidity needs and asset portfolios. Assets will be allocated to these non-custodial vaults, then deployed to selected on-chain contracts, with clients’ segregated Kraken custody accounts receiving a receipt token.

SEC Approves BlackRock’s Bitcoin Spot ETF, Significantly Raising Its Options Position and Exercise Limits to 1 Million Contracts.

U.S. Securities and Exchange Commission (SEC) announcement: The rule change submitted by the New York Stock Exchange (NYSE) on July 6 has taken effect immediately, sharply raising the position and exercise limits for options on BlackRock’s Bitcoin spot ETF (IBIT) from 250,000 contracts to 1 million, to meet the rapid growth in IBIT options trading volume and enhance market liquidity as well as market maker capabilities.

Bitcoin breaks through $65,000, with a 2.1% gain in the past 24 hours.

According to HTX market data, Bitcoin has surpassed $65,000, with a 2.1% rise in the past 24 hours.

Abraxas Capital is reportedly selling Bitcoin to rebalance its portfolio into Ethereum.

According to Lookonchain’s monitoring, Abraxas Capital is suspected of recently selling Bitcoin to buy Ethereum. Over the past three hours, the firm withdrew 8,153 ETH, worth approximately $15.3 million, from Binance and Bybit, while depositing 618 BTC, valued at around $39.99 million, into Kraken.

Crypto whale sets 10 profit targets, shares trade results showing he went long on Bitcoin three times, earning roughly $4 million in total profits.

A crypto contract whale, who earlier announced he would "set 10 big trading goals first", posted details of his three recent Bitcoin (BTC) transactions on social media: On June 25, he opened a long BTC position at $59,837.99 and closed it at $58,592.06, incurring a $4.88 million loss; On July 6, he opened another long BTC position at $62,590.4 and closed it at $64,022.01 for a $4.54 million profit; On July 13, he opened a third long BTC position at $63,064.4 and closed it at $64,287.08, netting a $4.27 million gain.

Yesterday, U.S. spot Bitcoin ETFs posted a net inflow of $181.1 million, while U.S. spot Ethereum ETFs recorded a net inflow of $58.3 million.

According to data from Farside Investors, on July 14, U.S. spot Bitcoin ETFs recorded a total net inflow of $181.1 million the previous day. Among them, BlackRock’s IBIT saw a net inflow of $138.9 million, Fidelity’s FBTC $21.1 million, Bitwise’s BITB $3.5 million, ARK’s ARKB $3.6 million, Morgan Stanley’s MSBT $7.4 million, and BTC ETFs $6.6 million; flows for the remaining products were largely flat. U.S. spot Ethereum ETFs posted a total net inflow of $58.3 million, all from BlackRock’s ETHA, with all other ETFs registering zero net inflows that day.

Bitcoin rebounds to break through $64,000

According to HTX market data, Bitcoin has rebounded to break through the $64,000 mark, currently trading at $64,001, with a 2.49% increase in the past 24 hours.

A coin-based crypto trader sold all 30,139 Ether (ETH) and exchanged them for 859 Bitcoin (BTC).

According to monitoring by YuEmber, a crypto-based trader sold all 30,139 ETH, converting the holdings into 859 BTC valued at roughly $54.09 million. The short exchange rate stood at 0.0285, allowing the trader to repurchase a larger quantity of ETH once the exchange rate declines.

Bitcoin rebounds to break through $63,000

According to HTX market data, Bitcoin has rebounded to break through the $63,000 threshold, currently trading at $63,037, with a 0.41% increase in the past 24 hours.

Michael Saylor: Bitcoin is digital capital, and MicroStrategy is converting it into digital credit.

Strategy founder Michael Saylor stated in a post that Bitcoin is digital capital, and the firm is converting it into digital credit.

Analyst: Bitcoin’s stochastic RSI hitting zero over two months may signal the end of this bear market.

Trader Max Crypto stated that Bitcoin’s two-month Stochastic RSI has historically confirmed market bottoms during the 2014, 2018, and 2022 bear markets, when the indicator saw a bullish crossover and retreated to 0. He predicts this pattern "will repeat in 2026." TradingView data shows Bitcoin’s two-month Stochastic RSI currently stands at 4.81, after falling into the oversold zone (below 30) in March this year—its lowest level in over three years. Separately, multiple analysts are continuing to track bullish signals from the traditional RSI indicator. Trader BitcoinHyper pointed out that Bitcoin’s daily RSI has formed a bullish divergence with the S&P 500 index; Trader Osemka noted that Bitcoin’s daily RSI dipped to 15 in early June, an extremely rare oversold level historically, matching the performance near previous bear market bottoms, though a deeper pullback before finalizing its bottom formation remains possible.

Hyperliquid's contracts posted a 24-hour trading volume exceeding that of Bitcoin (BTC), making it the platform's most active asset.

On the Hyperliquid platform, the combined 24-hour trading volume of SK Hynix-related contracts SKHX and SKHY has reached $1.836 billion, surpassing BTC to become the platform’s top active asset by trading volume. Specifically, SKHX posted a 24-hour trading volume of $1.63 billion, with open interest (OI) of $635 million; SKHY recorded a 24-hour trading volume of $206 million, and its open interest stood at $101 million. As of now, SKHY still carries a roughly 26% premium over SKHX.

Yesterday, Bitcoin ETFs recorded a net outflow of $424.7 million, while Ethereum ETFs saw a net outflow of $15.4 million.

According to Farside Investors' monitoring, U.S. spot Bitcoin ETFs saw a net outflow of $424.7 million yesterday. IBIT recorded a net outflow of $185.5 million, while FBTC posted a net outflow of $245.6 million. U.S. spot Ethereum ETFs had a net outflow of $15.4 million, all from FETH.

Analysis: Rising expectations of a July interest rate hike by the Federal Reserve have pressured Bitcoin lower.

Bitcoin has fallen more than 2% in the past 24 hours, trading at around $62,380. Market expectations of a Federal Reserve (Fed) interest rate hike as early as July have risen sharply: funding markets now put the probability of a rate hike this month at roughly 50%, up from only about 10% just a few days ago. The shift in expectations stems from Fed Governor Christopher Waller’s remarks that officials may need to raise rates to curb price pressures. U.S. two-year Treasury yields have since climbed to 4.29%, hitting their highest level since the start of last year. Escalating U.S.-Iran tensions and a sharp rally in oil prices have also amplified inflation concerns: WTI crude oil futures have risen from $67 per barrel at the start of the month to nearly $80 per barrel. The U.S. Labor Department will release June’s Consumer Price Index (CPI) on Tuesday. Economists surveyed by Bloomberg expect the year-over-year rise in headline CPI to fall below 4%, with both headline and core inflation likely seeing their first monthly decline since January; May’s figures were 4.2% and 2.9% respectively. However, the recent oil price surge may lead markets to view this CPI data as a lagging indicator. If inflation proves more persistent, it could further intensify rate hike fears. Markets will next focus on Federal Reserve Chair Jerome Powell’s testimony before Congress. ING analysts note Powell can emphasize that inflation expectations remain relatively moderate, and there is sufficient basis to keep interest rates unchanged; even if a rate hike is ultimately delivered, it could be reversed shortly after, with future rate cuts likely to exceed hikes in magnitude.

Since Bitcoin’s all-time high (ATH), cumulative sell pressure on meme coins on Binance has reached $1.2 billion.

According to analyst Darkfost, since Bitcoin’s last all-time high in October 2025, cumulative selling pressure across the entire meme coin sector on Binance has topped $1 billion. The net trading volume of meme coins on the platform has hit -$1.21 billion. Darkfost notes this reflects the massive selling pressure weighing on the crypto ecosystem’s highest-risk assets, clearly demonstrating the severe toll the sector has endured amid market corrections.

Coinbase: Bitcoin has held up relatively well amid multiple headwinds, which may signal that the market is bottoming out.

Coinbase Institutional noted that U.S. non-farm payrolls came in far lower than expected, but escalating Middle East conflicts have refocused market attention on inflation risks. Markets are now pricing in "higher rates for longer," leading to tighter financial conditions, pressure on long-term risk assets, and rising odds of another interest rate hike this year. Amid these multiple headwinds, BTC only dropped roughly 2%—this relative resilience could signal the market is undergoing a bottoming process.

Analysts: Bitcoin’s panic selling may be nearing an end, with marginal selling pressure drying up.

Multiple market analysts believe Bitcoin’s months-long panic selling may be drawing to a close, as marginal sell orders in the market gradually dry up. Jasper De Maere, an over-the-counter (OTC) trader at Wintermute, noted that despite recent escalating U.S.-Iran tensions and strained conditions in the Strait of Hormuz, Bitcoin has held firm above $62,000, indicating that previous “weak hands” sell orders have largely been cleared. Additionally, U.S. spot Bitcoin ETFs posted a net inflow of $197.4 million last week, ending eight consecutive weeks of net outflows, further easing selling pressure. Nexo analyst Dessislava Ianeva cited Glassnode data, pointing out that Bitcoin’s spot market saw an average daily net sell of around 2,000 BTC in June, which fell to roughly 53 BTC in July, marking one of the calmest months for the market since 2026. However, analysts warned that Bitcoin’s current rally is primarily driven by the derivatives market, with spot buying remaining relatively weak. The upcoming release of U.S. June CPI data and Congressional testimony by Federal Reserve Chair Kevin Warsh this week could still serve as key catalysts shaping market movements.

MicroStrategy held off on adding to its Bitcoin holdings last week, selling 4.82 million shares to raise $467 million.

According to SEC filings, during the week ended July 12, Strategy sold approximately 4.82 million shares of MSTR stock via its At-the-Market (ATM) offering plan, raising net proceeds of roughly $466.7 million. During the same period, Strategy made no Bitcoin purchases, keeping its BTC holdings unchanged at 843,775 coins. Calculated at an average purchase cost of $75,476, the total cost of its BTC holdings stands at approximately $63.69 billion. Additionally, Strategy disclosed that it did not conduct any share repurchases between July 6 and July 12, and held roughly $3 billion in cash reserves as of July 12.

Bitcoin ETFs end eight consecutive weeks of net outflows; escalating Middle East tensions drag BTC down to $63,000.

Reciprocal airstrikes between the U.S. and Iran over the weekend stoked market risk aversion, pushing Bitcoin down more than 1% since 00:00 UTC on July 13, with the cryptocurrency briefly dipping to near $63,000. Brent crude futures, meanwhile, climbed over 3% to nearly $79 per barrel. Markets are worried that shipping disruptions in the Strait of Hormuz will lift energy prices and inflation, in turn limiting the Federal Reserve’s scope for interest rate cuts and weighing on risk assets including cryptocurrencies. Kula Digital Assets Head Taran Dhillon noted that this week the crypto market will engage in a "tug-of-war" between macroeconomic data and Middle East geopolitical developments. Upcoming U.S. CPI and PPI figures will shape market expectations for the Fed’s interest rate trajectory. That said, spot Bitcoin ETFs and Ethereum ETFs have ended eight straight weeks of net outflows, signaling a rebound in institutional demand. Furthermore, the ongoing progress of the CLARITY Act is expected to further improve digital asset regulatory outlooks, offering support to the market.

Analysis: Multiple indicators signal a bottoming out, with some analysts predicting Bitcoin could restart its bull market between September and October.

Although Bitcoin recently pulled back to around $62,000 amid escalating U.S.-Iran tensions, some market analysts believe this bear market could end between September and October this year, with the bull market expected to start earlier than the market’s general consensus. Trader Ryker noted that while the market generally expects the next bull run to begin in 2027, market makers typically position themselves in advance, so he predicts Bitcoin will start rallying in September or October this year. Trader Jelle pointed out that Bitcoin’s weekly chart has formed a "death cross"—a signal that historically occurs at the end of bear markets, suggesting the market may have entered a new accumulation phase. However, in the short term, Bitcoin still faces pressure. Analysts say $64,000 remains a key resistance level; if it fails to break through, a further pullback to around $57,800 is possible. Additionally, this week the market will get U.S. June CPI and PPI data, as well as testimony from Federal Reserve Chair Kevin Warsh before Congress. Meanwhile, escalating U.S.-Iran tensions and instability in the Strait of Hormuz have boosted oil prices and inflation expectations, which may continue to roil risk assets including crypto assets. On-chain data from CryptoQuant shows that mid-sized Bitcoin addresses holding 100 to 1,000 BTC net sold approximately 67,000 BTC on July 13, marking the largest such distribution since February this year. However, the firm noted that similar distribution activity historically occurs just before price rebounds. While the current signal is not enough to confirm a market bottom, it is approaching the historical range where a major shift in mid-sized investor behavior typically takes place.

Bitcoin falls below $63,000

According to HTX market data, Bitcoin has fallen below $63,000, currently trading at $62,979, with a 1.62% decline in the past 24 hours.

A crypto whale that had been dormant for seven years has woken up, with its 2,931 Bitcoin holding generating nearly tenfold unrealized profit.

According to monitoring by OnchainLens, a Bitcoin whale dormant for seven years has reactivated today. The address has held 2,931 BTC since the cryptocurrency’s price stood at roughly $6,500, valued at approximately $188 million at that time, and has remained inactive ever since. The holding has now appreciated tenfold.

Michael Saylor has once again released Bitcoin Tracker information.

Michael Saylor, founder and executive chairman of Bitcoin treasury firm MicroStrategy, has once again shared updates on its Bitcoin Tracker, with the caption: "Orange dots tell only part of the story." Following the company’s past pattern, MicroStrategy typically discloses news of additional Bitcoin holdings the day after such announcements.

Bitcoin mining difficulty drops by 5% to 127.17 T.

According to data from Cloverpool, Bitcoin’s mining difficulty adjusted at block height 957,600 (at 04:09:11 Beijing Time today), dropping by 5% to 127.17 T. The current 7-day average network hash rate stands at 866.28 EH/s.

Analysts: Selling pressure from Bitcoin short-term holders has eased, while the return of institutional funds remains to be observed.

CryptoQuant analyst Axel Adler noted in a post that Bitcoin’s short-term holder (STH) real stress model shows buying and selling pressure among current STHs is cooling slightly, with buying power still leading. Meanwhile, after 8 consecutive weeks of outflows, the ETF market recently recorded a net inflow of roughly $197.4 million—though this amount is insufficient to confirm a reversal in institutional demand trends, signaling market capital momentum remains weak. Next week will bring multiple key macroeconomic data releases and events, so whether institutional funds can return remains to be observed.

Michael Saylor: Bitcoin relies on capital, consensus, and cybersecurity to maintain the dynamic balance of its system.

MicroStrategy founder Michael Saylor published an article stating that Bitcoin is a spontaneously evolved network system, where the influence of wallets depends on the number of satoshis they hold, nodes’ influence is determined by commercial activities, miners’ influence by computing power, and capital, consensus, and network security together sustain a dynamic balance.

The deadline for Bitcoin data limit proposal BIP-110 is approaching, with miner support for the proposal remaining near zero.

Bitcoin’s BIP-110 proposal is approaching its early August deadline, yet miner support for the measure remains below 1%, signaling significant resistance to the initiative. Officially titled “Temporary Soft Fork for Reducing Data”, BIP-110’s core controversy centers on restricting non-financial data on the Bitcoin blockchain. The proposal aims to cap OP_RETURN data capacity within a year, ban most arbitrary data exceeding 256 bytes from being written to the chain, and limit certain script formats primarily used for data storage. Supporters argue the plan would refocus the Bitcoin network on its payment function and reduce node operational burdens; opponents counter that it would escalate policy disputes over block space usage into consensus rule changes, effectively determining which transactions qualify as “acceptable”. Strategy founder Michael Saylor and Blockstream co-founder Adam Back have both publicly opposed BIP-110. Saylor remarked, “There are 110 things more dangerous than junk data”, adding that the proposal would “turn the junk data debate into a consensus change, invalidating some currently valid transactions that pay fees”. Back stated that if supporters cannot accept the status quo, they may choose to fork, but “Bitcoin will not join”. Data shows BIP-110 uses a user-activated soft fork mechanism with a 55% miner signaling threshold, though miner signaling rates have never topped roughly 1% to date, with the current cycle sitting at 0 and no major mining pools backing the measure. The share of nodes running BIP-110 software also remains in the single digits, primarily from Bitcoin Knots users. The proposal’s current signaling cycle will end around block height 959,615, with a voluntary lock-in period expected in early August and activation targeted for around September. If broad support is still absent by then, the initiative could result in a minority of nodes forming a separate chain.

Analyst: Bitcoin could rise to $68,000 if it breaks through the key resistance level of $64,700.

Crypto analyst Ali Charts noted in a post that Bitcoin is currently at a critical juncture for its next major move, with the $64,700 level serving as the key threshold to watch. If Bitcoin fails to break above the channel’s top at $64,700, it could trigger a deeper pullback. Should sellers hold that level, Bitcoin may dip to the channel’s mid-support at $63,000 and could further test the channel’s bottom around $61,500. However, Ali Charts added that a Bitcoin hourly close above $64,700 would invalidate the bearish outlook. After breaking through this resistance, Bitcoin could next target $66,400, with its second target set at $68,000.

Empery Digital sells half its Bitcoin holdings to invest in AI data centers, with its stock price surging over 4% at one point.

Bitcoin reserve firm Empery Digital (EMPD) disclosed that it has sold 1,400 BTC over the past two months at an average price of $62,200, generating total proceeds of roughly $87.1 million to invest in AI data center projects and repay debts. A portion of the funds was used to acquire a 25% stake in an AI data center project, while another $10 million went toward settling outstanding debts. Following the sale, Empery Digital’s Bitcoin holdings fell by 48%, leaving it with 1,514 BTC valued at approximately $97 million at current prices. In response to the news, EMPD’s stock rose as much as 4.2% in early trading before closing with a 1.58% gain. The market notes that investors hold a positive attitude toward the company’s move to convert part of its Bitcoin reserves into AI infrastructure investments.

US Bitcoin and Ethereum spot ETFs both ended their 8-week consecutive outflows, posting a combined net inflow of $281.8 million this week.

U.S. spot Bitcoin and Ethereum ETFs recorded a combined net inflow of $281.8 million this week, ending an 8-week streak of outflows that began in early May. Specifically, U.S. spot Bitcoin ETFs saw a net inflow of roughly $197.4 million last week, putting an end to their own 8-week outflow cycle. Prior to this, Bitcoin ETFs had logged a cumulative outflow of about $8.26 billion over those 8 weeks—the longest consecutive outflow period since they started trading in January 2024. Ethereum spot ETFs, meanwhile, posted a net inflow of approximately $84.4 million last week, also wrapping up 8 straight weeks of outflows. Before that, Ethereum ETFs had seen roughly $1.2 billion in outflows over 8 weeks, matching the all-time longest outflow record set between February and April 2025. The current rebound remains modest relative to the earlier outflows: Bitcoin ETFs have recouped only around 2.4% of the funds lost in the prior 8-week period, while Ethereum ETFs have recovered roughly 7%. As of early 2026, Bitcoin ETFs have a year-to-date net outflow of about $5.34 billion, and Ethereum ETFs have a year-to-date net outflow of approximately $1.35 billion.

Analyst: Bitcoin may be entering the final stage of a bear market, projected to rise to $250,000 over the next two to three years.

Real Vision’s chief crypto analyst Jamie Coutts has stated that Bitcoin may be entering the late stages of its current bear market. While the bear market is not yet over, downward momentum has begun to weaken. The current BTC price is roughly 50% lower than its all-time high of $126,100 set in October 2025. Coutts described the current trend as a “typical bear market,” pointing out that Bitcoin’s volatility has fallen by around 50% compared to the previous cycle, suggesting this downturn may not be as severe as prior bear markets. However, he cautioned that all current trend indicators remain clearly bearish, and markets do not mechanically replicate historical cycles. He noted that longer-term momentum indicators are starting to show bullish divergence, signaling that negative momentum is decelerating—but this does not mean Bitcoin has technically exited the bear market. Beyond tightening global liquidity, deteriorating on-chain demand was a key factor driving Bitcoin’s earlier decline. On long-term price projections, Coutts is cautious about Bitcoin reaching $1 million by 2030; instead, he forecasts BTC will rise to $200,000–$250,000 over the next two to three years. He also warned that the Bitcoin community needs to address the potential threat of quantum computing more definitively by 2027, as major protocol upgrades could take approximately five years to complete.

The probability that Bitcoin will rise to $70,000 this year has climbed to 79%.

Prediction market platform Polymarket now puts the probability of Bitcoin rising to $70,000 this year at 79%, up from 54% as of June 26. Additionally, the odds of Bitcoin hitting $80,000 stand at 32%, while the probability of it reaching $90,000 is 19%.

Galaxy Digital's Head of Research: The Bitcoin Policy Institute has filed an application to intervene in the abandoned Bitcoin case, and intends to urge the court to dismiss all the lawsuits.

Galaxy Research Head Alex Thorn posted on social media that the Bitcoin Policy Institute (BPI) has formally filed a motion with the court to intervene in the high-profile "Noah Doe" case and participate in the litigation as a defendant. BPI stated that its application is submitted in accordance with relevant provisions of New York State's Civil Practice Law and Rules, and no similar application on this matter has been filed with any court before. According to the submitted documents, BPI comprehensively denies all main allegations in the plaintiff’s complaint in its proposed answer, only acknowledging that the plaintiff is seeking a declaratory judgment through this case. For other allegations, BPI either denies them or states it lacks sufficient information to form a judgment. BPI also introduced that the organization was founded in 2021, is a non-partisan, non-profit organization headquartered in Washington D.C., U.S., focusing on researching the policy and social impacts of Bitcoin and emerging currency networks, and conducts independent research free from influence from industry players such as cryptocurrency companies or trading platforms. The case has drawn significant market attention as it involves an anonymous individual attempting to obtain ownership of a large amount of Bitcoin allegedly belonging to Satoshi Nakamoto through legal proceedings. With BPI’s application to intervene as a defendant, the organization stated it will oppose the plaintiff’s claims and push the court to dismiss the entire lawsuit.

Data: Bitcoin treasury firms have seen their combined market capitalization drop by over $100 billion, while their total Bitcoin holdings have instead climbed to 1.14 million coins.

Analyst Darkfost noted that since October 2025, the total market value of global Bitcoin treasury companies’ holdings has shrunk from $396 billion to $272 billion, erasing over $100 billion in value. Over the same period, the total Bitcoin held by these firms rose from 953,000 to 1.14 million coins — the market value drop was driven entirely by falling Bitcoin prices, not sell-offs. However, it is worth noting that since May this year, when Bitcoin entered a significantly undervalued range, the pace of these firms’ Bitcoin purchases has slowed sharply and nearly stalled. The companies’ most concentrated buying period ran from November 2024 to October 2025, during which their holdings tripled in less than a year at purchase prices roughly between $75,000 and $125,000 — a zone right within Bitcoin’s all-time high territory. The pressing question now is: With these firms having built up large positions at the peak, will they sell off at low levels? Strategy recently became the first to initiate Bitcoin sales; whether other treasury companies will follow suit and become a new source of selling pressure for the market remains to be seen. Given their current total holdings of 1.14 million Bitcoin, if more firms are forced to cut positions amid the slumping market to ease financial strains, this could pose additional downside risks to Bitcoin’s price.

A crypto whale has unstaked 440.822 Bitcoin from Core DAO, valued at approximately $28.27 million.

According to monitoring by Onchain Lens, a crypto whale unlocked 440.822 BTC from Core DAO, valued at approximately $28.27 million, and transferred the funds to a new wallet within one hour.

Yesterday, Bitcoin spot ETFs recorded a net inflow of $90.4 million, while Ethereum spot ETFs saw a net inflow of $18.4 million.

According to data from FarsideUK, Bitcoin spot ETFs posted a total net inflow of $90.4 million on July 10, with BlackRock’s IBIT seeing a net inflow of $86.8 million and VanEck’s HODL bringing in $3.6 million. Ethereum spot ETFs recorded a total net inflow of $18.4 million, of which BlackRock’s ETHA had a net inflow of $16.2 million and Fidelity’s FETH had a net inflow of $2.2 million.

Unusual activity on Tether’s Bitcoin reserve address: 4 BTC transferred out, Q2 accumulation reportedly suspended.

According to monitoring by EmberCN, Tether allocates 15% of its quarterly profits to its Bitcoin reserve address. Approximately 5 hours ago, this address made a test transfer of 4 BTC to Binance, valued at roughly $250,000. EmberCN stated that this same address previously transferred 204.3 BTC to Bitfinex a month ago, worth approximately $14.36 million at the time, when Bitcoin’s price stood at around $70,000. It remains unclear whether these assets have been sold. Additionally, Tether appears to have not yet completed the on-chain withdrawal of new Bitcoin for Q2 2026. Per its usual practice, Tether typically transfers BTC purchased in the quarter to its reserve address on the last day of each quarter. However, more than 10 days have elapsed since the end of Q2, and no new Bitcoin deposits to this reserve address have been observed on-chain, sparking market concerns over whether it has adjusted its Bitcoin accumulation pace.