A whale who accumulated Ethereum last November has now taken profit on the entire position, making over $7.5 million.

According to Bitget’s latest data, roughly one in three derivative trades on the platform comes from stock contracts. As of now, Bitget supports a total of 271 stock contracts. Earlier data shows that Bitget’s July monthly trading volume for stock contracts hit $85.445 billion, with a single-day peak volume of $6.674 billion. During the same period, monthly trading volume rose 30.6% month-over-month, the number of traders increased by 31.4% month-over-month, and the number of trades grew by 130% month-over-month. Multiple trading metrics have all posted steady growth.

According to monitoring by OnchainDataNerd, address 0x66f8 has been steadily adding to its BTC short position, currently holding 2,136 BTC valued at approximately $136 million, making it the largest BTC short position on-chain. The entry price for this position is $63,851, with a liquidation price of $64,595.

According to monitoring by OnchainDataNerd, a Paxos-associated whale has been steadily reducing its Bitcoin holdings. Thirteen hours ago, the address sold an additional 800 BTC via Wintermute, worth roughly $50.72 million, pushing its total BTC sales over the past two months to 2,500 BTC, valued at approximately $154 million.

AI code detection firm Blacksmith has announced a $45 million Series B funding round led by Peak XV Partners, with participation from GV and Y Combinator, valuing the company at $550 million. Founded in 2024, Blacksmith specializes in verifying the quality of AI-generated code. Its competitors include GitHub Actions, Cursor Automations, and code verification features integrated into Codex and Claude Code. The new capital will be used to further expand its developer tool suite, helping developers accelerate software writing, validation, and merge workflows.

CryptoQuant analyst Darkfost published a note stating that the number of short-term holders (STH) in the Bitcoin market is declining, a positive signal. Currently, the share of BTC supply held by STH has dropped significantly: 1.2% is held for less than 1 day, 2% for 1 day to 1 week, 5.6% for 1 week to 1 month, 6.7% for 1 to 3 months, and 8.1% for 3 to 6 months. Darkfost pointed out that this trend has occurred at the end of every previous bear market. On one hand, this means the proportion of long-term holders (LTH) is increasing. Compared to STH, who are active and more sensitive to market fluctuations, BTC held by LTH is less likely to be transferred. On the other hand, the decline in STH proportion also indicates that market demand has not yet returned. Every BTC purchase creates a new STH UTXO; when market demand is strong, the STH-held supply share rises rapidly, often peaking near market tops. Darkfost believes the market is approaching a "negative extreme" state, where market attention and demand remain at low levels while the number of STH continues to decrease, which is typically a positive signal.

CryptoQuant founder Ki Young Ju stated in a post that Bitcoin OG traders have just experienced the most profitable cycle in history. Unlike previous cycles, crypto exchange traders were not the main exit liquidity this time—ETFs and digital asset reserve firms (DAT) served as the primary buyers. This structural buying pushed Binance traders’ unrealized profits to nearly three times the level seen at the 2021 cycle peak. He noted that Bitcoin’s current price range is similar to that two years ago, and the market is in a deleveraging phase. A large amount of unrealized profits accumulated in this cycle flowed into futures leverage; as traders took profits, BTC’s price is now stable near Binance traders’ average cost basis. Ki Young Ju also pointed out that on-chain market leverage (BTC/USDT futures open interest divided by USDT reserves) once exceeded 0.5, and is now around 0.3—still higher than the level before the ETF launch. If ETF inflows continue, futures leverage is expected to rise again. He further recalled that in 2023, OG whales bought heavily when BTC was near $16,000. The buyer/seller ratio shows that a large number of market long positions were built right around the cycle bottom.