Bitcoin (BTC) — Onchain News & Whale Tracking

Following the release of non-farm payroll data, the U.S. dollar weakened, Bitcoin surged then pulled back, and gold rose.

Following the release of non-farm payroll data, Bitget’s market data shows the US Dollar Index (DXY) dipped nearly 30 points in the short term to 99.67. Spot gold rallied around $40 in the short term, hitting $4,351.43 per ounce. Per HTX’s market data, Bitcoin saw a short-term spike followed by a pullback, currently trading at $65,078.77.

BitFuFu produced 112 Bitcoin in July, with its total hash rate falling to 14.2 EH/s.

Bitcoin mining machine and service provider BitFuFu Inc. (Nasdaq: FUFU) has released its unaudited Bitcoin production and operational metrics for July 2026. The data shows the company produced 112 Bitcoin in July, including 40 from cloud mining and 72 from self-operated mining, with an average daily output of 3.6 Bitcoin, both down month-over-month. Its Bitcoin holdings fell from 1,671 in June to 1,314 in July, a move the company attributed mainly to advance payments for additional computing power that will launch in August 2026 and run for 330 days.

Renowned trader: Once Bitcoin breaks through its long-term downtrend line, never short it.

Well-known trader Killa stated in a post that once Bitcoin breaks its current long-term downtrend line, never short the asset. "Many people overcomplicated simple trend shifts in the last cycle, and the weekly chart is the best confirmation signal," he noted. His accompanying chart displays Bitcoin's weekly charts from 2026, 2022, and 2018—all three feature similar post-peak descending channel patterns, used to draw parallels to the current market structure. Killa, a quantitative trader specializing in BTC, previously predicted the peak of this bull run in May 2025, and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, and switched to long positions during the broad market sell-off on June 5.

With the release of U.S. non-farm payrolls data imminent, Bitcoin has surged past $65,000.

According to HTX market data, with the non-farm payroll (NFP) release imminent, Bitcoin has strongly broken through the $65,000 level. As of press time, Bitcoin is trading at $65,129.04, marking a 0.81% gain over the past 24 hours.

QCP: Bitcoin’s upside momentum remains limited, with macro variables acting as a key constraint.

QCP Capital noted in a report that Bitcoin has rebounded from its weekly low of around $62,500 and is currently trading in a range near $64,000. What’s more notable about this rally is not the momentum itself, but the pressure the market has absorbed: Strategy sold 1,638 Bitcoin for approximately $105 million; meanwhile, reported losses from the Coldcard security incident have risen to around $110 million. Neither of these events caused Bitcoin’s price to sustain a drop below key levels. The options market also reflects similar calm sentiment: front-end implied volatility remains at the lower end of the recent range, and downside skew has eased, despite the still complex macro environment. U.S. manufacturing picked up in July, but labor market indicators softened. JOLTS job openings fell to 7.36 million, and ADP employment added only 44,000, making today’s U.S. jobs report the market’s focus. At the same time, uncertainty over the Strait of Hormuz has pushed Brent crude back above $83 per barrel. Japan remains another key liquidity variable: after joint interventions to support the yen, the Bank of Japan still holds roughly half of outstanding Japanese government bonds as domestic yields rise, and the impact of Japan’s funding conditions extends far beyond the foreign exchange market itself. For the crypto market, the key distinction remains: resilience has improved, but momentum is still limited. Macro liquidity, energy markets, and the timeline for U.S. digital asset legislation remain core variables to watch.

Analyst: Bitcoin long-term holders are "surrendering", with an average holding cost of approximately $49,300.

CryptoQuant analyst Axel Adler Jr. published a post noting that Bitcoin’s Long-Term Holder Spent Output Profit Ratio (SOPR) has fallen to 0.92, a sign that long-term holders are capitulating. However, Bitcoin’s price remains 30% higher than this group’s average cost basis of $49,300, with primary selling pressure still centered on short-term holders.

Michael Saylor: Bitcoin does not need the Clarity Act — the United States does.

MicroStrategy founder Michael Saylor posted that Bitcoin does not need the CLARITY Act, but rather the U.S. does. Today's reports indicate that the U.S. Senate has delayed the vote on the CLARITY Act until September.

Bitcoin (BTC) and Ethereum (ETH) options with a total notional value exceeding $2.4 billion expire and settle today.

Greeks.live macro researcher Adam released today’s options expiration data, showing: 32,000 BTC options expired, with a put-call ratio (PCR) of 0.26, max pain at $64,000, and a notional value of $2.06 billion. 177,000 ETH options expired, with a PCR of 0.77, max pain at $1,900, and a notional value of $340 million. Bitcoin has remained hovering around $64,000 this week, fluctuating for over two months. The price zone above $65,000 is a dense trading area from this year’s rally. Currently, global market focus is not on cryptocurrencies, so speculative funds will not flow in, and Bitcoin may choose to move downward. Key options data shows that 9% of this week’s options expired, a notable proportion, with most being out-of-the-money call positions, leading to relatively dispersed gamma exposure (GEX), while put positions are very few, and GEX is relatively concentrated on the downside. Bitcoin’s PCR has stayed at the low level of 0.26, indicating extremely low put option positions.

Morgan Stanley’s spot Bitcoin ETF MSBT has total holdings worth over $400 million.

According to the latest monitoring data from Arkham, Morgan Stanley’s spot Bitcoin ETF MSBT spent $7.21 million to add roughly 100.3 BTC to its holdings. As of now, its total Bitcoin position has crossed 6,300 for the first time, reaching 6,331 BTC valued at more than $406 million.

Japanese bitcoin treasury firm Remixpoint has released its crypto operations performance announcement.

Japanese Bitcoin treasury firm Remixpoint has released its crypto operations performance announcement. As of July 31, 2026, the company’s Bitcoin lending principal stood at approximately 1,501.27 BTC, with cumulative borrowing fees earned between February and July totaling around 12.44 BTC (equivalent to roughly 133 million yen). Additionally, the firm holds staked ETH of roughly 901.45 ETH and staked SOL of approximately 13,920 SOL, with total related staking rewards amounting to about 28.89 million yen.

Yesterday, U.S. spot Bitcoin ETFs posted a net inflow of $137.6 million, while U.S. spot Ethereum ETFs registered a net inflow of $92.1 million.

Yesterday, the total net inflow of Bitcoin spot ETFs stood at $137.6 million. Breakdown: BlackRock’s IBIT saw a net inflow of $128.3 million, MSBT posted a net inflow of $14.9 million, FBTC recorded a net inflow of $11.2 million; HODL reported a net outflow of $32.8 million, while GBTC notched a net inflow of $7.5 million. Ethereum spot ETFs posted a total net inflow of $92.1 million yesterday. Of this, BlackRock’s ETHA had a net inflow of $81.1 million, followed by net inflows of $4.5 million for ETH, $3.1 million for ETHE, and $1.4 million for FETH, with the remaining products seeing roughly flat fund flows.

Crypto mining firm MARA released its Q2 financial results: its Bitcoin holdings fell 29% year-over-year to 35,577 BTC, posting a net loss of $611 million.

Bitcoin miner MARA released its second-quarter 2026 financial report. Revenue totaled $175 million, a 27% year-over-year decline; net loss amounted to $611 million, with adjusted EBITDA coming in at a negative $361 million. End-of-period computing power rose 22% year-over-year to 70.3 EH/s, Bitcoin production increased 3% YoY to 2,422 coins; Bitcoin holdings decreased 29% YoY to 35,577 coins; the combined value of cash and Bitcoin stood at approximately $2.5 billion.

Crypto mining firms MARA and Riot deposited a total of 581 Bitcoin with institutional custody platform NYDIG.

According to Lookonchain monitoring, crypto mining firm MARA, which holds 36,303 Bitcoin (BTC) valued at $2.34 billion, deposited 200 BTC worth $12.86 million with institutional custody platform NYDIG 10 hours ago. Mining peer Riot Platforms has also been continuously sending Bitcoin to NYDIG, depositing 381 BTC worth $24.51 million 10 hours ago.

Glassnode: Coldcard Vulnerability Incident Causes Bitcoin Daily Active Addresses to Surge to 980,000, a New High Since December 2024

Glassnode’s report indicates that the Coldcard vulnerability incident has driven Bitcoin’s daily active addresses to 980,000, a new high since December 2024. The on-chain activity growth is primarily fueled by panic, per Glassnode: holders are migrating wallet mnemonics and transferring funds to alternative custody methods in response to operational security risks. This shift does not represent a change in market confidence.

Bitcoin ETFs net +3,781 $BTC in 1D, Ethereum ETFs net +27,749 $ETH in 1D

August 6 Update: #Bitcoin ETFs: 1D NetFlow: +3,781 $BTC(+$243.49M)?? 7D NetFlow: +9,034 $BTC(+$581.79M)?? #Ethereum ETFs: 1D NetFlow: +27,749 $ETH(+$52.91M)?? 7D NetFlow: +40,578 $ETH(+$77.37M)??

Renowned analyst: Bitcoin is approaching its fifth pivot point, with partial de-risking moves likely.

Well-known crypto analyst Killa wrote that Bitcoin (BTC) rose at the start of the month as he had previously predicted, and is now approaching its "5th pivot point" — a timeline worth close attention. He noted that over the past year and a half, trading against the market’s dominant narrative during this period has repeatedly captured 3% to 4% counter-trend swings. If historical patterns hold, BTC may see partial de-risking after passing this pivot point. However, Killa warned that while prices fell as expected last time, BTC was in a complex consolidation range, so it did not form a smooth one-way downtrend, instead consolidating until the next pivot point. He added that historical biases still favor counter-trend trading, but the current market environment is complex, with both price structure and timeline being equally important.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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