Bitcoin (BTC) — Onchain News & Whale Tracking

Empery Digital has sold nearly half of its Bitcoin reserves, cashing out $87.1 million to invest in AI data centers.

Nasdaq-listed Bitcoin treasury firm Empery Digital has sold a total of 1,400 BTC since May 7, at an average price of roughly $62,200, netting approximately $87.1 million in proceeds, cutting its Bitcoin reserve by nearly half. According to announcements, $10 million of the proceeds was used to repay debt on July 7, while the remaining funds will be allocated to previously announced real estate acquisitions for an AI data center, legal fees related to shareholder litigation, and daily operational expenses. The company had earlier announced it would invest $65 million to acquire a 25% stake in an entity developing an AI data center project in the U.S. Midwest. As of July 10, Empery Digital still holds 1,514 BTC, worth around $96.5 million at current prices, plus approximately $73.9 million in cash, with an outstanding debt balance of $45 million. Reports note that an increasing number of public companies holding Bitcoin reserves are starting to use BTC as a liquidity source rather than solely as a long-term holding asset, selling part of their reserves to meet traditional financing needs such as debt repayment, capital expenditures, and corporate operations.

Empery Digital reduces its Bitcoin reserves by 1,400 BTC.

Empery Digital has reduced its Bitcoin reserves, selling 1,400 BTC for $87.1 million to support its AI data center project, repay debts, and cover legal fees. The company currently holds 1,514 BTC, valued at nearly $100 million.

Bitcoin mining company Cango will implement a 1-for-10 share consolidation.

Cango Inc. (NYSE: CANG), a Bitcoin mining company listed on the New York Stock Exchange, announced that its board of directors has approved a 1-for-10 share consolidation in accordance with authorization from its special general meeting of shareholders held on June 24. All issued and outstanding Class A and Class B common shares will be consolidated at a ratio of 10-for-1, with each share class remaining unchanged. The consolidation will take effect at 5:00 PM ET on July 20, 2026. Class A common shares are expected to begin trading on a post-consolidation basis starting from the opening of the New York Stock Exchange on July 21, with the stock code remaining “CANG” and the CUSIP number updated to G1820C 110. Following the consolidation, the total authorized share capital will remain at $100,000, consisting of 100 million common shares with a par value of $0.001 per share. No fractional shares will be issued; fractional portions will be canceled and revert to the company’s authorized unissued shares, with no consideration provided to holders.

QCP: Japan's bond market stabilization drives Bitcoin rebound to near $64,000

QCP Capital has released a new report, noting that the decline in Japanese government bond yields has eased market concerns over the unwinding of yen carry trades and capital repatriation, driving Bitcoin to rebound to around $64,000. While Middle East geopolitical risks, a stronger U.S. dollar, and the Federal Reserve’s hawkish stance continue to weigh on risk assets, Bitcoin has demonstrated some resilience in the $60,000 range. The report adds that future trends will hinge primarily on the global liquidity environment, U.S. inflation data, and the outcome of the Bank of Japan’s month-end meeting.

Metaplanet is exploring the introduction of Bitcoin-backed digital credit to Japan.

According to CoinDesk, Tokyo-listed firm Metaplanet is forming a joint research team with Japanese yen stablecoin issuer JPYC and regulated security token platform Progmat to explore Bitcoin-backed digital credit products. The initiative will tokenize BTC collateral for use in debt instruments that accrue interest daily and can be traded and settled 24/7. Siiibo Securities, which Metaplanet acquired this year and plans to rebrand as Metaplanet Securities, will also participate in the research, handling product design and sales. Currently, Metaplanet holds around 43,000 BTC, which it intends to use as credit enhancement, a store of value, and compliant collateral assets to address the high financing costs and cumbersome processes faced by medium-sized and growing Japanese enterprises in the traditional bond market.

1,050 Bitcoin transferred from Binance hot wallet address to Ceffu, worth approximately $67.1 million.

According to Onchainlens monitoring, 1,050 Bitcoin (BTC) were transferred from Binance’s hot wallet address to Binance’s institutional custody platform Ceffu, valued at approximately $67.1 million. Over the past 30 days, Binance’s hot wallet addresses have transferred a total of 3,000 BTC to Ceffu, worth $192 million.

Bitcoin briefly breaks through $64,000

According to HTX market data, Bitcoin briefly broke through the $64,000 threshold and is currently trading at $63,953, with a 24-hour gain of 3.58%.

U.S. state of New Hampshire rejects the $100 million state government Bitcoin bond project.

The New Hampshire Executive Council voted 3-2 to reject a $100 million state-backed Bitcoin bond project, terminating what was deemed the first state-endorsed Bitcoin-backed bond initiative. Issued by the New Hampshire Business Finance Authority, the bond is supported by Bitcoin miner and data center firm CleanSpark, with Moody’s assigning it a Ba2 rating several months ago. State House Majority Leader Keith Ammon labeled the decision “extremely short-sighted,” pointing out that council members are in an election year and the result could be reversed with a single vote. “We will not give up,” he stated. New Hampshire became the first U.S. state to establish a crypto reserve last year, preceding unfinished federal-level efforts.

JPMorgan: The biggest risk for Bitcoin is not Strategy’s sell-off, but blockchain adoption that bypasses public chains and tokens.

JPMorgan Chase’s analyst team noted that the market views Strategy’s Bitcoin sale plan as a key risk for the crypto sector, but it is not a major structural threat to Bitcoin. The more fundamental risk lies in tokenization, payments, and settlements increasingly taking place on permissioned infrastructure that does not rely on public blockchains. If this trend continues, the entire crypto ecosystem could face a "structural downgrade"—marked by slower transaction activity, reduced liquidity, and weaker capital inflows—ultimately weighing on Bitcoin. The analysts stated bluntly: "In our view, a more significant risk stems from the way blockchain is adopted in traditional finance, which continues to bypass public, permissionless networks." The analysts explained that institutional adoption so far has clearly favored permissioned chains, as they offer advantages in privacy, KYC/AML controls, governance, throughput, legal accountability, and regulatory certainty, posing a competitive threat to public blockchains like Ethereum. If tokenized deposits are widely adopted—especially in non-transferable forms favored by regulators—it could reduce demand for stablecoins in institutional payments and settlements; SWIFT’s blockchain initiative and central bank digital currency (CBDC) projects such as the digital euro and digital renminbi further strengthen regulated alternatives. In the roughly $500 billion tokenized real-world assets market, while Ethereum currently holds a certain share, this likely reflects early-stage experimentation rather than the market’s long-term structure. As institutional adoption grows, issuance, custody, settlement, and lifecycle management will likely be conducted more on private or permissioned infrastructure that meets requirements for identity, confidentiality, and operational resilience, with public blockchains used only for distribution and limited secondary trading.

Strategy Launches Bitcoin-Native Credit Model to Assess Its Credit Risk

Strategy has launched a Bitcoin-native credit model to assess credit risk, credit spreads, and other metrics for debt instruments (such as convertible bonds) and preferred shares (including STRC) issued by Strategy Treasury. The model uses custom metrics—BTC Rating (Bitcoin coverage multiple), BTC Risk (default probability), and BTC Credit (spread in basis points)—to analyze the debt and preferred shares, backed by the firm’s $52 billion Bitcoin reserves. All metrics are collateralized/risk-derived from Strategy’s held Bitcoin reserves, with Bitcoin price, volatility, and ARR as core variables. Analysts note that this initiative shifts Bitcoin from a store of value to a capital efficiency tool, driving institutions to treat BTC as a financeable asset and accelerating the development of the digital credit market.

Glassnode: In the late stage of Bitcoin's bottoming process, the scale of realized losses has reached its highest point since December 2022.

Glassnode says Bitcoin is in the late stages of bottom formation, but capitulation selling by long-term holders remains elevated, with the recent peak in realized losses approaching $280 million daily — the highest level since December 2022. Glassnode notes that this metric needs to shrink significantly for the market to credibly shift back into a bullish state. Last week, Bitcoin rebounded from $58,300 to $64,400 before pulling back to $62,700, and still trades below the short-term holders' cost base of roughly $72,200 and the True Market Mean of around $76,600. Net outflows from spot Bitcoin ETFs have narrowed but remain negative.

Bitcoin breaks through $63,000

According to HTX market data, Bitcoin has broken through the $63,000 mark, with a 0.74% rise in the past 24 hours.

Yesterday, U.S. spot Bitcoin ETFs recorded a net outflow of $84.9 million.

According to Farside’s monitoring, U.S. spot Bitcoin ETFs recorded total net outflows of $84.9 million yesterday, with BlackRock’s IBIT alone seeing total net outflows of $59.1 million.

Glassnode: Bitcoin has not yet completed its bottoming, with derivatives market sentiment leaning toward cautious bullishness.

Glassnode’s report states that Bitcoin has stayed below key investor holding costs for the past five months and remains in a deep value zone. Selling activity from long-term holders has peaked, while overall Bitcoin spot ETF flows continue to register net outflows. Derivatives market sentiment leans toward cautious bullishness, but options pricing still reflects investors’ concerns about downside risks. Overall, Bitcoin is in the process of bottoming but has not yet completed its bottom formation.

Tensions between the U.S. and Iran have flared up again, Bitcoin slipped slightly, and the three major U.S. stock indexes were mixed.

U.S. Central Command said early this morning that, at the direction of the U.S. President, the U.S. military has launched further strikes on Iranian targets, aiming to weaken Iran’s ability to threaten freedom of navigation in the Strait of Hormuz. The U.S. stated that Iran has recently carried out "unjustified attacks" on commercial vessels and civilian crew sailing in the international waterway, and the U.S. will hold those responsible accountable. Iran’s Armed Forces Missile Corps and Drone Corps announced they will launch large-scale strikes on U.S. military bases in the Middle East "within minutes". Later, CNN reported that U.S. President Donald Trump said, "They (Iran) just called, they want to make a deal." According to Bitget market data, Bitcoin dipped slightly to $62,214, with a 2.03% drop in the past 24 hours. According to BIT (bit.com) market data, U.S. stocks closed on Wednesday: the Dow Jones Industrial Average fell 1.09%, the S&P 500 declined 0.28%, and the Nasdaq rose 0.2%. Micron Technology (MU.O) gained 1%, NVIDIA (NVDA.O) rose 3.6%, and SanDisk (SNDK.O) increased 6.7%.

Michael Saylor: Concerns over Bitcoin block space shortage are gradually easing, while global transfers still maintain low fees.

MicroStrategy founder Michael Saylor published an article noting that after a decade of concerns over insufficient block space and controversies surrounding non-monetary use cases, Bitcoin still has no so-called "spam transaction problem." Currently, Bitcoin network fees stand at approximately 1 sat/vB, enabling anyone to quickly transfer any amount of Bitcoin globally for roughly $0.3. Free market mechanisms have been consistently resolving the challenges facing Bitcoin's block space.

Bitcoin Reserve Company BSTR Seeks to Amend Its SPAC Merger Agreement with Cantor

According to Bloomberg, a special purpose acquisition company (SPAC) backed by Cantor Fitzgerald and Bitcoin reserve firm BSTR, led by Adam Back, announced they have scrapped the original terms of their proposed merger and will renegotiate a revised agreement. Amid a tightening crypto market environment and growing headwinds for Bitcoin reserve-focused firms, the two parties have opted to adjust the transaction structure. Cantor Equity Partners I Inc. and BSTR Holdings said Wednesday they will no longer advance the deal under the merger agreement signed last year, instead aiming to draft revised terms that better reflect current market conditions. Neither company disclosed specific financial details of the new transaction, nor did they provide a timeline for when a new agreement could be finalized.

A SpaceX-tagged address has moved a small amount of Bitcoin (BTC) for the first time in six months, and the transfer is suspected to be a test transaction.

According to Arkham’s monitoring, an address labeled SpaceX has transferred Bitcoin for the first time in six months. Data shows that SpaceX address 15atF initiated a BTC test transaction to SpaceX address bc1q9, worth approximately $88, which is suspected to be a test transfer.

Bitcoin fell below $62,000, with a 2.1% drop in the past 24 hours.

According to HTX market data, Bitcoin has fallen below $62,000, with a 2.1% decline in the past 24 hours.

Michael Saylor: If Bitcoin’s long-term gains exceed 3.3%, BTC capital gains can indefinitely fund STRC dividends.

Michael Saylor said in a post today that if Bitcoin’s long-term growth exceeds 3.3%, capital gains from Bitcoin (BTC) can indefinitely fund STRC’s dividends. Even if BTC delivers 0% annual growth, Strategy still has sufficient capital to cover 31 years of dividend payments.

A crypto whale opened a 40x short position worth $31 million in Bitcoin, and is now sitting on an unrealized profit of $112,400.

According to Onchain Lens monitoring, whale address 0x77ee recently opened a 40x leveraged short position on Hyperliquid for 493 BTC (valued at approximately $31.08 million), with an entry price of $63,240.9 and a liquidation price of $73,962.2. The position currently has an unrealized profit of around $112,400, delivering a return on equity (ROE) of 14.47%. Data shows the address holds a total of 15 positions, with a total position size of roughly $79.79 million, 92% of which are short positions. That said, the address’s cumulative historical trading losses still amount to $5.66 million.

Polymarket launches instant Bitcoin Lightning Network deposits, integrates Spark Protocol.

Prediction market platform Polymarket has announced support for instant, self-custodial deposits via the Bitcoin Lightning Network, with the new feature backed by the Spark Protocol. Compared to prior on-chain deposit methods that required waiting for 3 to 6 block confirmations and took 10 to 60 minutes, the new solution delivers near-instant settlement while lowering deposit barriers and transaction costs. According to details, Spark can conduct checks for double-spend risks, transaction fees, and Replace-by-Fee (RBF) at the time of transaction broadcast, enabling "zero-confirmation" posting. It also supports on-chain, Lightning Network, and stablecoin payment rails, removing the need for the platform to operate its own Lightning Network nodes. Polymarket noted that this step will further boost Bitcoin users' capital efficiency and strengthen its competitiveness against rival Kalshi.

Strike launches volatility-resistant Bitcoin-collateralized loans, eliminating the margin call mechanism.

Strike has launched a new "Volatility-Proof" Bitcoin mortgage product that eliminates margin calls and forced liquidations triggered by Bitcoin price declines. Jack Mallers noted that regardless of how much Bitcoin’s price drops, as long as borrowers make timely repayments, their pledged Bitcoin will not be liquidated due to price fluctuations. The new product features a maximum loan-to-value (LTV) ratio of 45%, a 6-month term, and an annual percentage rate (APR) ranging from roughly 10.7% to 14.2% — higher than Strike’s standard loan offerings. Should a borrower default, they must repay within 10 days or coordinate with the platform; otherwise, Strike retains the right to sell a portion of the Bitcoin collateral to cover the outstanding balance. The company added that the product is now available in most U.S. states, applicable for new loans, refinancing, and debt consolidation.

Bitcoin emerged as the 'most resilient' asset tonight, while US chip stocks suffered a 'stock market crash' and crypto stocks declined broadly in line with the broader US stock market.

According to BIT (bit.com) market data, U.S. stocks opened lower and trended downward during Tuesday’s trading session. The Nasdaq 100 Index fell over 2%, the Philadelphia Semiconductor Index dropped more than 6%. SPCX declined 5.7%, MRVL fell 10.25%, Western Digital dropped 11%, SanDisk slid 13.9%, Micron fell 8.8%, and Oracle decreased 4%. Bitcoin only dropped nearly 1% after U.S. stock markets opened, a decline on par with gold, but U.S.-listed crypto stocks have fallen in line with the broader market, with SBET down 5.2%, GEMI down 6.12%, CRCL down 5.35%, MSTR down 3.3%, and COIN down 4%.

Tether has invested $20 million in Mercado Bitcoin to support the construction of on-chain financial infrastructure in Latin America.

Tether announced it will invest $20 million in the strategic growth funding round of Latin American on-chain financial services platform Mercado Bitcoin, to support its expansion in tokenization, payments, credit, capital markets, and regulated digital financial services. Founded in 2013, Mercado Bitcoin originally launched as a digital asset trading platform and has since evolved into a comprehensive on-chain financial platform covering trading infrastructure, tokenized investment products, credit and lending, stablecoin payments, banking infrastructure, and cross-border financial services. The company currently serves 4.5 million users, has issued over R$2 billion in tokenized assets, and holds more than 10 licenses in Brazil and Europe.

Peter Brandt Considers Selling Part of His Bitcoin to Buy Gold

Renowned trader and chart analyst Peter Brandt, who accurately predicted the 2018 Bitcoin crash, has stated in a post that he is considering selling a portion of his Bitcoin holdings and reallocating the proceeds to gold. Based on current market trends, gold could see a substantial rally relative to Bitcoin.

Analysis: Weak demand persists in the US market, Bitcoin's July rally may struggle to sustain

Multiple indicators show Bitcoin’s July rally remains fragile. One of the most closely watched metrics, the Coinbase Premium Index, has been negative for 50 consecutive days. The index measures the price gap of BTC between U.S. exchange Coinbase and Binance. BTC’s price on Coinbase has consistently lagged that on Binance, indicating relatively weak demand in the U.S. market. Meanwhile, U.S. spot Bitcoin ETFs have posted net outflows for 8 straight weeks, while historically, Bitcoin bull markets are typically accompanied by a consistently positive Coinbase Premium Index. Japanese bond yields have continued to climb, with the 10-year Japanese Government Bond (JGB) yield hitting a 30-year high and pushing up borrowing costs in the U.S., U.K., and Germany. If U.S. Treasury yields keep rising, this could act as a headwind for BTC. Bitfinex analysts noted that structural institutional buying has not been confirmed until BlackRock’s IBIT resumes consistent net inflows. Singapore-based crypto trading firm QCP Capital said that if spot Bitcoin ETFs sustain the inflow trend seen since last Friday, the short-term outlook remains constructive. The firm added that if BTC firmly reclaims the $64,000 level this week, it will further boost market sentiment and ease concerns over publicly traded Bitcoin holder MicroStrategy (MSTR).

Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.

Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.

Polymarket Sued Over Dispute Concerning Bitcoin Prediction Market Ruling Linked to Strategy’s Sale

Two plaintiffs have filed a lawsuit against Polymarket, alleging breach of contract and fraudulent conduct in a prediction market tied to whether Strategy would sell its Bitcoin holdings by the end of May. According to the complaint filed in New York State Supreme Court on July 3, plaintiffs William Wood and Thomas Bush named Polymarket, its CEO Shayne Coplan, CMO Matthew Modabber, and other related entities and individuals as defendants. The complaint states the two held "Yes" positions in a binary prediction market with the question: whether Strategy would sell any Bitcoin holdings by May 31. Per Strategy’s Form 8-K filings with the U.S. Securities and Exchange Commission (SEC), the firm did sell 32 Bitcoin (BTC) between May 26 and 31. However, the plaintiffs say Polymarket ultimately ruled the market "No". They allege the platform added a clarification ahead of settlement, effectively shifting the judgment criteria from "whether the sale was completed by May 31" to "whether the sale was publicly confirmed by May 31". Due to this criteria change, even though Strategy sold Bitcoin within the deadline, the prediction market was ultimately ruled "No" on June 3 via a UMA vote — Polymarket’s mechanism for resolving disputed markets.

Coinbase Bitcoin Premium Index has been in negative premium for 50 consecutive days, extending its all-time longest streak.

According to Coinglass data, the Coinbase Bitcoin Premium Index has stayed in negative premium territory for 50 consecutive days since May 19, with the latest reading at -0.0742%, extending the longest consecutive negative premium record since the index’s launch. Prior to this, the index recorded 40 straight days in negative premium from January 16 to February 24 this year, surpassing the previous record of roughly 30 consecutive days set during the "1011 Crash". Historical data indicates that prolonged negative premium is typically accompanied by U.S. institutional capital outflows, or signals that the market faces certain short-term correction pressure.

USDT is returning to the Bitcoin network, as UTEXO prepares to natively issue Bitcoin-based USDT via the RGB protocol.

Tether is preparing to issue USDT natively on the Bitcoin network based on the RGB v0.11.1 protocol, with UTEXO responsible for commercial issuance and distribution. This marks USDT’s return to the Bitcoin mainchain years after its first launch on Bitcoin via the Omni protocol in 2014. Viktor Ihnatiuk, co-founder of UTEXO, stated that the company has secured Tether’s support to advance the launch of Bitcoin-native USDT. The RGB protocol adopts client-side validation and integrates with the Lightning Network, enabling USDT to achieve instant, low-cost, private transactions while inheriting Bitcoin’s UTXO security model. Users will be able to hold USDT directly via native Bitcoin addresses and send/receive it through RGB-enabled Lightning Network wallets, without relying on other public chains or intermediary service providers. Compared to current USDT’s primary circulation on account-model networks like TRON and Ethereum, RGB leverages the UTXO model to natively support one-time addresses and combines with the Lightning Network for off-chain payments, effectively enhancing transaction privacy. Additionally, UTEXO has deep integration with Tether to reduce intermediary fees and data collection, and users can also convert USDT across different public chains at low cost via its already launched cross-chain bridge.

Bernstein maintains its year-end Bitcoin price target of $150,000, noting the current cycle’s pullback is milder than historical cycles.

Despite Bitcoin’s price having pulled back roughly 54% from its near-$125,000 peak in October 2025, Bernstein has maintained its year-end target price of $150,000. The firm notes that this cycle’s pullback is significantly smaller than the 75% to 90% declines typical in the final stages of historical cycles, signaling a notable shift in market structure. Against the backdrop of current weak market sentiment, the clear target price set by the Wall Street firm can serve as a price anchor for the market, while the historical pullback framework helps traders assess risks. If this cycle aligns with historical trends, the market could still see further declines, though the firm’s outlook for a subsequent recovery remains noteworthy. Bernstein points out that the October 2025 near-$125,000 peak remains a key reference resistance level; calculated based on a historical 75% pullback, the corresponding price is roughly $31,000, viewed as a critical zone. Going forward, focus will center on whether Bitcoin spot ETF inflows and spot demand rebound, a key signal to determine if the market enters a recovery phase.

Analyst: Bitcoin’s apparent demand has been almost consistently negative this year, but has recently improved.

CryptoQuant analyst Darkfost stated in a post that Bitcoin’s Apparent Demand has stayed nearly in negative territory all year, reflecting persistent weak market demand — a key reason for Bitcoin’s ongoing price pressure. However, recent demand has seen some improvement, helping BTC consolidate within its current price range. On June 3, Bitcoin’s Apparent Demand hit an annual low of -275,000 BTC, and has since rebounded to around -75,000 BTC. While the improvement is notable, a full demand recovery will require the metric to stay consistently positive. He explained that the Apparent Demand metric is calculated as the difference between newly issued BTC supply and BTC supply that has not moved for over a year, used to measure whether long-term holders’ structural accumulation is enough to absorb the network’s new supply. So far, long-term demand has recovered somewhat but not enough to push the market into a new uptrend.

Asia-Pacific stock markets plunged sharply, putting pressure on Bitcoin, which briefly fell below $63,000.

According to HTX market data, Bitcoin has remained under pressure since the opening of Asia-Pacific stock markets this morning, falling below $63,000 and currently trading at $62,886.82, with a 0.95% decline in the past 24 hours. According to Bitget market data, Japan’s Nikkei 225 index has fallen 2.00% on the day. South Korea’s KOSPI index triggered circuit breakers twice, plummeting 8%.

Bitcoin ETFs recorded a net inflow of $265.7 million yesterday, marking the second consecutive day of net inflows exceeding $200 million.

According to monitoring by Farside Investors, U.S. spot Bitcoin ETFs saw a net inflow of $265.7 million yesterday, with IBIT alone attracting $209.4 million. Additionally, Ethereum ETFs posted a net inflow of $20.7 million, among which ETHA recorded a net inflow of $23.3 million. Analysts noted that the cooling of the U.S. stock market’s AI boom may have led some funds exiting the sector to partially replenish oversold crypto ETFs.

Yilihua: Bitcoin must strongly break through $68,000 to confirm a reversal; if it fails to do so, it will probe for a bottom again.

Liquid Capital (formerly LD Capital) founder Yilihua stated, "Bitcoin remains in a weekly downtrend. Only a strong breakout above $68,000 will spark a meaningful reversal; failing that, it will retest the bottom, and we hope it avoids the worst-case scenario of dropping below $47,000." "In any event, we are fully preparing to buy the dip in the coming months—be greedy when others are fearful. Beyond major cryptocurrencies, we are also scouting for the next bull run’s 100x coin. During the last cycle, our dip investment in Render rallied nearly 180 times at its peak. While most tokens are junk, a tiny subset holds massive opportunities: first, they have fallen over 95% from their highs; second, the founding team is competent, aligned with trends and core needs like AI; ideally, they have solid finances, preferably profitable. Projects meeting these criteria can be recommended."

A prominent trader noted that Strategy’s Bitcoin sale via over-the-counter (OTC) trades will exert limited influence on spot prices, with Bitcoin potentially rising to as high as $65,600.

Prominent trader Killa (@KillaXBT) stated that Bitcoin can target $65,600 if it holds its closing level from last week (around $59,000). Additionally, regarding Strategy’s historic sale of 3,588 BTC, Killa explained that the firm did not conduct the sale on the open market but via institutional trades, which helped avoid a major impact on Bitcoin’s price. This partially accounts for Bitcoin’s overnight trend of falling first then rising. Killa, a BTC-focused quantitative trader, predicted the peak of the current bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 and shifted to a long position during the broad market sell-off on June 5.

Bitcoin breaks through $64,000 against the trend; trader "Maji" adds to long positions, with weekly profit exceeding $400,000.

Overnight to early this morning, Bitcoin initially dipped then rallied amid negative news of Strategy’s historic sell-off of 3,588 BTC, leading major cryptocurrencies to rebound. According to HTX market data, as of press time, Bitcoin is trading at $64,007.31, up 0.81% in 24 hours; Ethereum stands at $1,797, with a 24-hour gain of 0.51%. Additionally, per HyperInsight monitoring, trader "Maji" added positions throughout the market rebound, with his Ethereum long positions now totaling $17.08 million and a liquidation price of $1,765.32. However, amid the strong market rally, Maji’s profits over the past week have exceeded $400,000.

Nasdaq-listed firm Empery Digital added 1,200 Bitcoin to its holdings over the past six days.

According to Onchain Lens monitoring, Nasdaq-listed company Empery Digital has received an additional 200 BTC, worth about $12.84 million. Over the past six days, the firm has accumulated a total of 1200 BTC in holdings, valued at roughly $72.65 million.

Bitcoin breaks through $63,000

According to HTX market data, Bitcoin has broken through $63,000, posting a 1.13% gain in the last 24 hours.

Influenced by news that Strategy sold Bitcoin to pay dividends, STRC rebounded to break above $90.

According to market data from BIT (bit.com), Strategy’s preferred stock STRC has rebounded above $90, trading at $90.125, with a 2.57% intraday gain. Earlier reports noted that Strategy sold 3,588 Bitcoin last week, generating $216 million in proceeds to pay dividends on its digital credit securities. As of July 5, the company’s Bitcoin reserves fell to 843,775 coins, alongside $2.55 billion in U.S. dollar reserves.

American Bitcoin adds 500 BTC to its holdings, bringing its total BTC holdings to 8,000.

Bitcoin mining firm American Bitcoin, backed by the Trump family, has increased its holdings by 500 BTC, bringing its total position to 8,000 BTC.

Trump responds to whether the "Trump account" includes Bitcoin: "It might happen."

According to Reuters, when asked whether the "Trump account" might hold Bitcoin, Trump stated: "It could happen."

Viewpoint: Strategy’s BTC sale helps restore market confidence in STRC and mitigate short-term tail risks for Bitcoin

Grayscale Research Head Zach Pandl published a note stating that in his view, Strategy’s sale of Bitcoin is a necessary move to restore market confidence in STRC and its overall structure. Last week’s partial Bitcoin sale by Strategy further reduced short-term tail risks for Bitcoin, and STRC is expected to continue performing well going forward. As previously reported, Strategy sold 3,588 Bitcoin last week, generating $216 million in proceeds to pay dividends on its digital credit securities. As of July 5, the company’s Bitcoin reserves stood at 843,775 coins, alongside $2.55 billion in U.S. dollar reserves.

Cantor: Restoring STRC to its face value is Strategy’s top priority, and it will restart its Bitcoin purchase engine.

Wall Street investment bank Cantor Fitzgerald, after meeting with Strategy’s Executive Chairman Michael Saylor, stated that restoring preferred stock STRC to its $100 par value is the company’s top priority and key to restarting its bitcoin purchase engine and improving its capital structure. Cantor believes Strategy will continue to build cash reserves for STRC dividends to drive the stock’s price back to par, and may take measures such as share repurchases if necessary. A recovery in STRC is expected to benefit the company’s common stock (MSTR), paving the way for subsequent stock offerings to raise funds and continue increasing its bitcoin holdings. Earlier, Strategy announced it had sold approximately $216 million worth of bitcoin to fund STRC dividend payments. Meanwhile, JPMorgan Chase warned last week that the practice of selling bitcoin to pay preferred stock dividends could increase the company’s risk exposure and market volatility.

Strive added 17.76 Bitcoin to its holdings last week, bringing its total Bitcoin holdings increase in Q2 to 6,236.

According to Strive's official announcement, the company purchased 17.76 Bitcoin last week, bringing its total BTC holdings to 19,882 coins. More notably, Strive added a total of 6,236 Bitcoin in Q2 2026, achieving a 24.0% BTC yield, generating a BTC Gain of 3,264 Bitcoin, with an amplification ratio of 67.2% at quarter-end.

MicroStrategy posted an unrealized loss of $8.31 billion in the second quarter, and has been selling Bitcoin in batches since the end of June.

Strategy released updated data showing that as of July 5, the company’s U.S. dollar reserve balance stood at $2.55 billion. Between June 29 and 30, it sold 1,363 Bitcoin, generating proceeds of approximately $80.8 million. From July 1 to 5, it sold an additional 2,225 Bitcoin, netting around $135.2 million. Financially, Strategy’s second-quarter book value of digital assets reached $49.67 billion, resulting in an unrealized loss of $8.32 billion. The company’s overall second-quarter results included an unrealized loss of $8.31 billion.

Last week, MicroStrategy cut its Bitcoin holdings by 3,588 coins to 843,775.

According to market sources, Strategy’s Bitcoin holdings decreased by 3,588 coins last week, valued at approximately $225.6 million, bringing its total holdings to 843,775 BTC. No official explanation has been provided for the reduction in its Bitcoin holdings.

Bitcoin’s short-term price fell over 1.3%, with Strategy selling 3,588 BTC last week.

According to HTX market data, Bitcoin has dropped more than 1.3% in the short term, falling below $62,000. On the news front, Strategy sold 3,588 BTC last week.

Smart money address 0x15a, dormant for months, has re-entered the market, opening a 40x long position worth $12.6 million in Bitcoin.

According to monitoring by OnchainLens, the smart money address 0x15a, which has been dormant for several months, deposited $1 million USDC into Hyperliquid and opened a 40x leveraged long position of 200 BTC, with the position valued at roughly $12.58 million. The address’s last on-chain activity occurred in March this year, and its historical cumulative profit from perpetual contracts stands at approximately $2.28 million.