Bitcoin (BTC) — Onchain News & Whale Tracking

US Stock Market Company ZOOZ Announces $180 Million Private Placement to Launch Bitcoin Treasury Reserve Strategy

On July 29th, as per Globenewswire, the U.S. listed company ZOOZ Power Ltd. (ZOOZ) made an announcement regarding a private placement of $180 million and the initiation of a Bitcoin treasury reserve strategy. This private investment in public equity (PIPE) still requires approval from shareholders and is expected to sell 180 million shares of common stock along with pre-funded warrants at a price of $1 per share. The participants in this PIPE comprise strategic investors such as Pantera Capital, FalconX, Arrington Capital, UTXO Management, ATW Partners, and the renowned Israeli investor Alex Rabinovitch.

A Bitcoin whale address has moved 343 BTC after 12 years of dormancy, worth $40.52 million.

On July 29th, as per the monitoring of LookOnChain, a particular Bitcoin whale address made a transfer of 343 BTC after being dormant for 12 years and 18 hours ago. The value of these bitcoins is $40.52 million, with 130.77 BTC ($15.45 million) being deposited into Kraken. This whale address received 343 BTC 12 years ago, and at that time when the price of BTC was $86, the value was $29,600.

Bitcoin Asset Management Company K33 Acquires 5 Bitcoins

On July 29th, based on the monitoring of @btcNLNico, the Bitcoin asset management company K33 increased its holdings by 5 bitcoins and now holds a total of 126 bitcoins.

Opinion: Bitcoin Premium Disappears on Coinbase, Signaling a Slowdown in U.S. Institutional Buying Pressure

On July 29th, as per CoinDesk, the "premium" of Bitcoin on Coinbase has mostly vanished. This premium is typically regarded as an indication of robust demand from U.S. investors, especially institutional ones. Since Coinbase is a cryptocurrency exchange platform listed on Nasdaq, it has a broad user base in the U.S. and is particularly preferred by large institutions. In contrast, Binance has a greater number of retail users globally. In past bull markets, the premium of Bitcoin on Coinbase was once substantial, and it was interpreted as a sign of increased buying pressure from experienced U.S. traders and institutions. The current decline in the premium might suggest a weakening in the activity of this type of capital. The emergence of a negative premium indicates a renewed weakening of the relative demand from U.S. investors, further reinforcing the assessment that the Bitcoin price may undergo a longer period of correction. Note: The Coinbase Bitcoin premium index measures the pe

Bridgewater's Ray Dalio: Advises Investors to Allocate 15% of Assets to Bitcoin or Gold

On July 29th, as per the report by CoinDesk, Ray Dalio, the founder of Bridgewater Associates, recently advised investors to allocate 15% of their portfolios to Bitcoin or gold. He did this by citing the growing debt burden in the United States and the risks associated with long-term currency devaluation. Dalio stated on the "Master Investor" podcast, "If you aim to optimize the risk-return ratio of your portfolio, then approximately 15% of your funds should be allocated to gold or Bitcoin." This perspective represents a notable shift from his 2022 recommendation of only a 1–2% Bitcoin allocation, which reflects his increasing worry about the so-called "debt crisis loop." He pointed out that the United States is projected to issue an additional $12 trillion in new national debt within the next year in order to address the current $36.7 trillion national debt.

Opinion: Bitcoin May Enter Consolidation Phase as Trading Volume Stabilizes, Suggesting the Arrival of a "Summer Lull"

July 29th - Matrixport disclosed today's market analysis, suggesting that investors might be observing the early indications of "summer fatigue." The trading volume has begun to stabilize. Although the current market activity remains at a relatively high level, the absence of clear catalysts in August may lead to a significant deceleration in the market—especially since retail participants tend to reduce their participation during holidays. Each of the three major volume surges in the past 18 months has triggered a strong market rally but occurred sporadically. This once more emphasizes the significance for investors to closely monitor market signals. Historically, a reduction in trading volume usually indicates that Bitcoin is entering a consolidation phase. As August approaches, the market may currently be entering a similar stage.

If Bitcoin surpasses $120,000, the mainstream CEX's total short liquidation volume will reach 1.04 billion.

On July 29th, according to data from Coinglass, if Bitcoin breaks through $120,000, the cumulative intensity of short liquidation on mainstream CEXs will reach $1.04 billion. Conversely, if Bitcoin falls below $117,000, the cumulative intensity of long liquidation on mainstream CEXs will reach $784 million. BlockBeats Notes: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows to what extent the asset price will be affected when it reaches a certain level. A higher "liquidation bar" indicates that once the price reaches that level, it will experience a more intense reaction due to a liquidity cascade.

Bitcoin Breaks $119,000

On July 29th, based on HTX market data, Bitcoin exceeded $119,000, and the 24-hour price change was -0.42%.

Yesterday's US Spot Bitcoin ETF saw a net inflow of $157.1 million, while the Ethereum ETF saw a net inflow of $65.2 million.

On July 29th, as per Farside's monitoring, the net inflow of the US Spot Bitcoin ETF was $157.1 million yesterday, and the Ethereum ETF had a net inflow of $65.2 million.

Suspected Galaxy Digital once again mass sells Bitcoin, transferring out 3,782 BTC in the past 12 hours

On July 29th, according to the monitoring of Lookonchain, the Galaxy Digital address has once again dispatched 3,782 BTC (approximately $447 million) within the past 12 hours. The majority of it has flowed into a trading platform.

Cboe Submits Canaray Bitcoin ETF and Invesco Galaxy Solana ETF Applications to SEC

On July 29th, the Cboe BZX Exchange submitted an application to the U.S. Securities and Exchange Commission (SEC) for the launch of an exchange-traded fund (ETF) tracking the native asset INJ of the Injective Protocol. The exchange-traded fund sponsor, Canary Capital Group LLC, submitted this application. Earlier this month, Canary first proposed the concept of the Canary Staked INJ ETF. On the same day, Cboe BZX also filed an application for the Invesco Galaxy Solana ETF as more and more companies are hoping for SEC approval for a spot SOL ETF. Both of these filings are part of the "two-step process" required when submitting a crypto ETF proposal to the SEC. Since President Trump took office in January, the U.S. regulatory environment has become more crypto-friendly. The SEC is reviewing dozens of proposals for digital asset funds, covering a wide range of tokens from DOGE and SOL to XRP. During the Biden administration, the SEC has approved a spot Bitcoin ETF and subsequently appro

Bitcoin Drops Below $118,000

On July 29th, according to HTX market data, Bitcoin dropped below $118,000, experiencing a 24-hour decline of 1.34%.

Ray Dalio suggests that investors allocate 15% to gold or Bitcoin, stating that holding a small amount of Bitcoin personally.

On July 28th, billionaire Ray Dalio proposed that investors allocate 15% of their investment portfolios to Bitcoin and gold in order to hedge against the continuously growing U.S. debt and economic instability. The founder of Bridgewater Associates, Ray Dalio, stated in the "Masters of Scale" podcast that the macroeconomic risks posed by the rising government debts of the U.S. and other countries have not been fully digested by the market, and the market may ultimately face a significant downturn. The U.S. government "spends 40% more than it earns and cannot really cut spending. Its debt is six times its revenue, with annual interest payments reaching up to $1 trillion, which is equivalent to half of its budget deficit." Ray Dalio further explained that the U.S. government can only repay its debts by issuing more debt and "the central bank (Fed) printing money." This has created a situation where the market may become increasingly panicked. Dalio believes that the triggering factor f

US Stock SQNS Plunges by Approximately 25%, Previously Announced Acquisition of 755 Bitcoins Today

Bitcoin Drops Below $118,000

On July 28th, based on HTX market data, Bitcoin has fallen below $118,000 and is currently priced at $117,959.

U.S. publicly traded company Volcon has announced an additional purchase of 316.9 bitcoins, bringing their total holdings to over 3,500 bitcoins.

On July 28th, according to official information, the U.S. listed company Volcon Inc. (VLCN) has increased its holdings by 316.8 bitcoins since its previous disclosure on July 25th, which amounts to $37.3 million. As of the date of the announcement, the company's total bitcoin holdings have reached 3,500.18 bitcoins, with a total investment of approximately $412 million and an average acquisition cost of $117,683 per bitcoin.

Market News: MARA Holdings Successfully Raised $950 Million to Purchase More Bitcoin

On July 28th. According to market information, the US-listed mining company MARA Holdings has managed to raise $950 million by means of 0% convertible bonds in order to purchase a greater amount of Bitcoin.

Analyst: The era of parabolic bull runs and destructive bear markets is over, Bitcoin will shake out all weak hands on its way up

On July 28th, Mitchell Askew, an analyst at Bitcoin miner Blockware, stated that he believes the era of parabolic bull markets and devastating bear markets has come to an end. This aligns with the perspective of CryptoQuant CEO Ki Young Ju, who considers the Bitcoin four-year cycle theory "outdated." Askew added that as the Bitcoin price transitions between an "uptrend" and a "consolidation" phase, its price will skyrocket to $1 million in the next 10 years. He further commented, "Along the way, it will exhaust everyone and shake off those who are not steadfast." 10x Research CEO Markus Thielen pointed out, "This fifth Bitcoin bull market cycle exhibits a characteristic of pulsating surges and sudden stagnation rather than a stable, high Sharpe ratio continuous climb. Each market cycle depends on clear catalysts: Fed rate expectations, Trump political momentum, ETF breakthroughs, or regulatory interventions (such as crackdowns on crypto-friendly banks). Thus, a continued focus on mac

Publicly traded company Sequans increased its Bitcoin holdings by 755, bringing the total number of Bitcoins it holds to 3072.

On July 28th, Sequans, a publicly traded company in the US, has acquired 755 bitcoins, raising its total holdings to 3072 bitcoins.

QCP: Market Expecting Ethereum and Bitcoin to Face Pullback Pressure Around $4,000 and $120,000

On July 28th, QCP issued its daily market analysis report indicating that Ethereum is gradually getting close to the $4000 price level, which was last observed in December of the previous year. With the continuous inflow of funds into the Ethereum spot ETF surpassing that of the Bitcoin ETF for seven consecutive days, market attention and speculation on ETH are intensifying. Considering that the market value of ETH is currently only one-fifth of that of BTC, the threshold for attracting institutional and corporate funds is relatively lower, making the price action more sensitive. Although Ethereum has been dominating most of the headlines in recent weeks, Bitcoin has shown quiet resilience. Although the inflow of funds into the Bitcoin spot ETF has slowed down, the price trend remains stable. Bitcoin's dominance rate still remains around 60%, with almost no fluctuation in the past week, reflecting the market's long-term confidence in Bitcoin as a store of value asset rather than a wi

If Bitcoin breaks $121,000, the mainstream CEX cumulative short liquidation pressure will reach $1.145 billion

On July 28th, based on Coinglass data, if Bitcoin manages to break through $121,000, the total short liquidation intensity across mainstream CEXs will amount to $1.145 billion. Conversely, if Bitcoin drops below $117,000, the total long liquidation intensity of mainstream CEXs will reach $1.594 billion. BlockBeats Notes: The liquidation chart does not disclose the exact number of contracts set to be liquidated or the precise value of those contracts. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the intensity. Consequently, the liquidation chart showcases the extent to which the asset price reaching a certain level will be impacted. A higher "liquidation bar" indicates that when the price reaches that level, it will trigger a more intense reaction due to a liquidity avalanche.

10x Research: Bitcoin to Provide Better Risk-Reward Entry Point if Pullback Reaches May High Support

On July 28th, Markus Thielen, the director of 10x Research, stated that for traders aiming to participate in Bitcoin's upward trend, waiting for Bitcoin to retrace to the high support level near $111,673 in May will offer a better risk-reward entry point. In a report sent to clients, Thielen pointed out, "We expect Bitcoin to retest its breakout level at $111,673 in order to provide a more favorable risk/reward entry point." He explained that the market frequently retests breakout points before a significant bull run, so the possibility of a retracement to this level cannot be ignored. Thielen further added that if a significant pullback does not take place, the optimal entry point would be above the $120,000 breakout, which marks the breakout of the downtrend line from the highs on July 14th and 23rd.

Analysis: Over the past decade, Bitcoin has only seen price increases in August for three years, potentially entering a consolidation phase due to seasonal disturbances.

July 28th: According to Matrixport's analysis, "A month ago, based on contrarian seasonal analysis, we proposed that Bitcoin was expected to rise to $116,000, and now this prediction has been verified by the market. The current market sentiment is gradually becoming optimistic. This week will witness a series of key events: the intensive disclosure of U.S. stock earnings reports, the delayed release of the White House's digital asset report, and the Federal Reserve interest rate decision, which may become a new round of catalysts driving market volatility." However, historical data indicates that August and September have historically been relatively weak months for Bitcoin performance. Over the past decade, the average return rate in August has been nearly zero, with only three years showing gains. Therefore, many traders often choose to lock in profits at this stage. Although we still maintain a bullish outlook for the year, considering seasonal fluctuations, the market may face a t

Bitcoin Dips Below $119,000

On July 28th, according to HTX market data, Bitcoin dropped below $119,000, and its 24-hour growth rate narrowed to 0.63%.

The Smarter Web Company has secured a ￡19.7 million funding to advance its Bitcoin reserve strategy

July 28th. The Smarter Web Company, a publicly listed company in the UK, issued an RNS announcement: Update on Subscription for New Shares — ￡19.7 million Fundraising Secured. Out of the total 14 million ordinary shares to be issued in this round, 6,057,914 shares have been successfully placed. The funds raised from this part of the new share issuance amount to ￡19,680,874 (excluding relevant expenses), which is approximately ￡3.25 per share. The company is anticipated to receive the settlement of around 97% of the funds early this week. BlockBeats previously reported that on July 25th, The Smarter Web Company announced the acquisition of an additional 225 bitcoins, with an average acquisition price of approximately $118,076. Its total holdings have now reached 1825 bitcoins.

The H100 Group has raised approximately $114 million in total for its Bitcoin reserve strategy.

On July 28th, according to an official announcement from the Swedish listed company H100 Group, H100 Group AB has successfully completed a private placement, raising approximately 109.19 million Swedish Krona (SEK). The issue price is 7.82 Swedish Krona per share, based on the closing price of last Friday. Since implementing a Bitcoin asset reserve strategy, H100 Group has raised a total of 1.095 billion Swedish Krona (approximately $114 million) in funding. It was previously reported by BlockBeats that on July 23rd, the Swedish listed company announced an additional purchase of 117.93 BTC, bringing the total holdings to 628.22 BTC.

The Trump Media & Technology Group has invested $300 million to participate in a strategy involving options linked to Bitcoin-related securities.

On July 28th, according to Bloomberg's report, the Trump Media and Technology Group (TMTG) disclosed last week that it has put $300 million into a strategy that involves options linked to Bitcoin-related securities. Although many details remain unclear, this investment shows that Trump Media is resorting to leveraging Bitcoin's price. Trump's past social media posts on his "Truth Social" account have had an impact on the price of this cryptocurrency, and options strategies can assist investors in profiting from this price volatility. Castle Island Ventures partner Nick Carter stated that he voted for Trump and still supports him, but his association with the industry may lead to conflicts of interest, especially when options trading brings different risks and rewards into play.

James Wynn: Bitcoin Dominance Continues to Decline, Altseason is Here

On July 28th, James Wynn stated in a post that the dominance of Bitcoin is in a freefall (with data showing it has dropped to 60.76%). The time is right, and the Risk-on (combined with his previous remarks, which can be understood as the Altseason) season has arrived. On July 25th, James Wynn mentioned that the price and market dominance of Bitcoin are declining synchronously, indicating that the market may transition to the Altseason.

A certain Wise Trader reduced their ETH long position by 25x two hours ago, while maintaining a 40x long position on Bitcoin and a 20x short position on SOL.

On July 28th, based on on-chain data, a certain smart money liquidated a 25x long position in ETH 2 hours ago. This led to a reduction of their holdings by 2,368.85 ETH, and currently, they only hold a $388.4 long position in ETH. In addition, the address still holds a $14.925 million 40x long position in Bitcoin and a $4.84 million 20x short position in SOL. This address has achieved a profit of $1.15 million on Hyperliquid in the past week.

Metaplanet increased its holdings by 780 bitcoins, bringing the total holdings to 17,132 bitcoins.

On July 28th, Simon Gerovich, the CEO of the Japanese publicly traded company Metaplanet, tweeted that Metaplanet had made an average price purchase of 780 bitcoins at $118,622 each, totaling approximately $92.5 million. As of July 28, 2025, Metaplanet holds a total of 17,132 bitcoins. The cumulative purchase amount is around $1.73 billion, and the average purchase price per bitcoin is approximately $101,030.

Bitcoin Ecosystem Blue-Chip NFT Seeing Broad Gains, Node Monkey Floor Price Surges Over 60% in 24 Hours

On July 28th, based on the market information of Magic Eden, blue-chip NFTs in the Bitcoin ecosystem have been continuously rising recently. These include: The Floor Price of Ape NFTs has surged by more than 60% in the past 24 hours and is currently at 0.08 BTC, with a 24-hour trading volume of 10.29 BTC. The Floor Price of Bitcoin Puppets has increased by 38.9% in the last 24 hours and is now at 0.054 BTC, with a 24-hour trading volume of 5.059 BTC. The Floor Price of Taproot Wizards has gone up by 12.8% in the last 24 hours and is currently at 0.237 BTC, with a 24-hour trading volume of 4.388 BTC. The Floor Price of OMB has risen by 43.3% in the last 24 hours and is now at 0.032 BTC, with a 24-hour trading volume of 4.025 BTC. BlockBeats reminds users that the trading volume of Bitcoin ecosystem NFTs is still relatively small and has high price volatility, so users should invest cautiously.

Bitcoin Surges Above $119,000

On July 28th, according to HTX market data, Bitcoin experienced a rebound and surpassed $119,000, with a 24-hour percentage change of 0.88%.

Statistic: This week, the Bitcoin Treasury Strategy Entity collectively added 29,500 BTC to its holdings

Update, July 27th. Based on @btcNLNico's data, Bitcoin Treasury Reserve Strategy Entities have collectively purchased 29,500 BTC this week. The entities have released a total of 62 announcements, which include: 8 new entities have announced that they have acquired 20,368 BTC for their treasury reserve strategies. 24 companies have added 9,183 BTC to their reserves. 10 companies have disclosed their future Bitcoin treasury strategies and plan to allocate $132 million.

Michael Saylor has released Bitcoin Tracker information, hinting at a potential BTC accumulation strategy.

On July 27th, the founder of Strategy, Michael Saylor, once again released information related to the Bitcoin Tracker and stated, "It all started with a quarter billion in bitcoin."
Following the typical pattern, Strategy always discloses information about its additional Bitcoin purchases on the day following the release of relevant news.

Analysis: The era of Parabolic Bull Market and Devastating Bear Market is over, Bitcoin's future will see continued consolidation, volatility, and upward movement.

July 27th. Mitchell Askew, a Blockware BTC analyst, stated that Bitcoin will no longer witness a "parabolic" price surge or a "devastating" bear market. The presence of a spot ETF has permanently reduced volatility and changed market dynamics. Bitcoin seemed to be two entirely different assets before and after the ETF launch. It is expected to reach $1 million in the next 10 years through continuous oscillation between "upsurge" and "consolidation". This path will be boring for everyone and will drive out short-term speculators. A chart shared by Mitchell Askew shows that Bitcoin's price volatility has decreased significantly since the launch of the Bitcoin ETF in the United States in January 2024. Bloomberg's Senior ETF Analyst Eric Balchunas had previously stated that the reduction in volatility helps Bitcoin attract larger investors and provides a first-line opportunity for its adoption as a currency. However, the cost may be the potential absence of "god-tier candlesticks". The sp

Pakistan's Minister for Digital Affairs: Country's Demographics Will Drive Bitcoin Adoption to Achieve "Leapfrog Development"

On July 27th, as per Cointelegraph, Bilal Bin Saqib, Pakistan's Minister of Cryptocurrency and Blockchain, declared that the country's demographic structure will prompt the adoption of Bitcoin and bring about "leapfrog development," surpassing developed countries in this regard. Bilal Bin Saqib pointed out that Pakistan has 40 million crypto wallets, making it one of the top five countries worldwide in terms of the cryptocurrency adoption rate. The country has a median age of 20 years, a total population of 250 million, and 70% of the population is below 30 years old. "Emerging markets will achieve leapfrog development in the adoption of these new technologies, and smaller countries are more likely to adopt Bitcoin."

Bitcoin Surges Above $118,000

On July 26th, based on HTX market data, Bitcoin has rebounded and is now above $118,000, with a 24-hour increase of 1.46%.

This week, the net inflow into the US Ethereum spot ETF was $18.465 billion, while during the same period, the Bitcoin ETF saw only $72.3 million in inflows.

On July 26th, as reported by Farside Monitor, the net inflow of the US Ethereum spot ETF this week reached $18.465 billion. In contrast, during the same period, the net inflow of the Bitcoin spot ETF was only $72.30 million.

If Bitcoin breaks $119,000, the mainstream CEX aggregate short liquidation pressure will reach $948 million.

On July 26th, based on Coinglass data, if Bitcoin surges above $119,000, the total short liquidation strength on mainstream CEXs will amount to $948 million. In contrast, if Bitcoin drops below $116,000, the total long liquidation strength on mainstream CEXs will reach $588 million. BlockBeats Notes: The liquidation chart does not display the exact number of contracts to be liquidated or the precise value of the contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, strength. Consequently, the liquidation chart shows the extent to which the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that the price, when reached, will have a more pronounced reaction due to a liquidity avalanche.

This week the US Bitcoin spot ETF saw a net inflow of $72.3 million

On July 26th, based on the monitoring of Farside Investors, this week the net inflow of the US Bitcoin spot ETF is $72.3 million. It includes the following: BlackRock IBIT: +$267.9 million Franklin FBTC: -$123.2 million Bitwise BITB: +$4.7 million ARK ARKB: -$90.2 million Franklin EZBC: +$3.5 million VanEck HODL: +$62.1 million Grayscale GBTC: -$79.7 million Grayscale BTC Mini: +$27.2 million

Publicly traded company Bitcoin Treasury Capital increases its holdings by 10 BTC, bringing its total position to approximately 166 BTC.

On July 26th, the publicly traded company Bitcoin Treasury Capital announced that it had purchased 10 BTC with an average price of $119,687 per BTC, amounting to approximately $1.2 million (about 11.5 million Swedish Krona). The company currently holds approximately 166 BTC.

Yesterday, the US Bitcoin Spot ETF saw a net inflow of $130 million

July 26th. Based on Farside Investors' data, the net inflow into US Bitcoin spot ETF yesterday was $130.8 million. This includes: BlackRock IBIT: + $92.8 million Fidelity FBTC: + $10.2 million Bitwise BITB: + $21.0 million ARK ARKB: + $30.3 million VanEck HODL: + $18.2 million Grayscale GBTC: - $50.5 million Grayscale BTC Mini: + $8.8 million

Galaxy has completed a transaction for the sale of 80,000 Bitcoins, with a market value exceeding 9 billion US dollars.

On July 26th, Galaxy Digital Inc., which is a global leader in the fields of digital assets and data center infrastructure, announced today that it has successfully completed one of the largest Bitcoin transactions in terms of nominal value in the history of cryptocurrency on behalf of a client. Galaxy finished the sale transaction of more than 80,000 bitcoins for an "Satoshi-era" early investor. The total value of this transaction exceeded $9 billion at the current market prices. This transaction is one of the earliest and most significant exits in the digital asset market and forms part of the broader legacy planning strategy for this investor.

Bitcoin Bounces Back above $116,000, 24-hour Loss Narrows to 2.05%

On July 26th, based on HTX market data, Bitcoin saw a rebound and exceeded $116,000. The 24-hour decline was narrowed to 2.05%.

Analysis: The current selling pressure on Bitcoin is mainly coming from Coinbase, with another 3,169 BTC transferred in 1 hour ago

July 25th: In a post, on-chain data analyst Murphy stated that the current selling pressure in the Bitcoin market is mainly originating from Coinbase. At approximately 10 a.m. this morning, 4950 BTC was transferred to Coinbase, resulting in Bitcoin dropping to around $115,000; however, one hour ago, another 3169 BTC was transferred to Coinbase. Analyst Murphy indicated that the on-chain data is only updated up to this point. If there are no new large transfers following this, it is anticipated that it will drop to around $115,000; if the on-chain BTC transfers to Coinbase continue, it is estimated that there is still downside potential.

If Bitcoin drops below $114,000, the mainstream CEX long liquidation pressure will reach $1.78 billion

On July 25th, according to Coinglass data, in the event that Bitcoin drops below $114,000, the cumulative intensity of long liquidation on mainstream CEXs will reach $1.78 billion. On the other hand, if Bitcoin surges above $117,000, the cumulative intensity of short liquidation on mainstream CEXs will reach $1.09 billion. BlockBeats Note: The liquidation chart does not provide the exact number of contracts to be liquidated or the precise value of the contracts to be liquidated. The bars on the liquidation chart actually represent the relative significance of each liquidation cluster in relation to neighboring liquidation clusters, that is, intensity. Consequently, the liquidation chart shows to what degree the price of the underlying asset will be influenced when it attains a certain level. A higher "liquidation bar" indicates that the price, upon reaching that level, will react more vigorously due to a liquidity avalanche.

Bitcoin Falls Below $115,000, 24-hour Decline of 3.39%

On July 25th, according to HTX market data, Bitcoin fell below $115,000, experiencing a 24-hour decline of 3.39%.

Pantera Founder: Blockchains like Ethereum and Solana Have Advantages that Bitcoin Does Not

On July 25th, according to a report in Fortune, the founder of Pantera Capital emphasized the reasons for investing in a diversified portfolio of blockchain and projects during an interview. "There isn't just one internet company, is there? That's precisely how I view blockchain. Although Bitcoin is dominant, its use cases are relatively limited, especially in the context where supporters are promoting decentralized finance applications such as payments and lending. Other blockchains like Ethereum and Solana have advantages that Bitcoin lacks, including faster speeds, programmability, and lower transaction fees. Stablecoins are expected to bring about a breakthrough for the entire industry. Especially as banks and major tech companies start to explore this area. As the trend of enterprises adopting stablecoins strengthens, it will attract more participants to join the blockchain ecosystem."

Crypto mining company Cango mined 147 BTC this week, bringing the total Bitcoin holdings to 4387.1 BTC.

On July 25th, the crypto mining firm Cango Inc. (NYSE: CANG) mined 147 BTC this week, and its total Bitcoin holdings reached 4387.1 BTC. Cango declared that the company has entered the full HODL mode. On June 27th, Cango announced the accomplishment of acquiring 18 EH/s of Bitcoin hashrate from Bitmain-affiliated Antalpha, which led to its total hashrate exceeding 50 EH/s, making it the third publicly traded mining company to reach this scale following MARA and CleanSpark.

Update: Galaxy Digital has sold off all but 13,504 bitcoins from its address, with a total of nearly 34,000 bitcoins transferred out today.

On July 25th, according to Arkham data, Galaxy Digital currently holds only 13,504 BTC on the blockchain, which is equivalent to approximately $1.57 billion. Today, Galaxy Digital has transferred out nearly 34,000 BTC, approximately $4 billion. Most of it has been directly deposited into trading platforms and sold, and the selling pressure has been absorbed by the market. Today, Galaxy Digital has withdrawn more than 1.3 billion USDT from trading platforms. On July 18th, a whale that has held 80,000 BTC since the Satoshi era transferred the remaining 40,192 BTC (about $4.83 billion) to Galaxy Digital.