Gold advocate and economist Peter Schiff stated on social media this week that the Bitcoin bear market still has a long way to go and is currently "at a critical support level". If the support level is not stable, the price may drop significantly. Peter Schiff attributed part of the Bitcoin decline to Mt. Gox's repayment of related sales, but he argued that this also exposed the "myth of institutional demand". He said that if such demand really existed, buyers would seize the opportunity to buy Mt. Gox Bitcoin off the market.

10x Research stated that the target for Bitcoin's decline to $55,000 has been reached. As Bitcoin seems oversold in the short term, a rebound may occur, and macroeconomic benefits are expected to emerge next week. In addition, the SEC may approve the Ethereum ETF, which could trigger a positive trend in the short term. However, they believe that it is not a significant buying opportunity in the medium term.

According to on-chain analyst Yu Jin, 8 hours ago the marked German government address received a transfer of 700 BTC, worth approximately $40.47 million, and the address is believed to belong to a certain asset management institution that will disperse the transfer to CEX such as Coinbase, Kraken, and Bitstamp.

According to the latest data from Baidu's hot search list, "When will Bitcoin fall?" ranked 10th on the Baidu hot search list. The market shows that the current Bitcoin price has reached $57,873.42, with a 24-hour increase of 2.5%.

CryptoQuant analysts say Bitcoin miners are showing signs of “capitulation” as profit margins tighten in the post-halving climate and BTC price falls close to $50,000.

Ki Young Ju, founder and CEO of CryptoQuant, posted on X platform, stating that the government's sale of Bitcoin is overestimated and the amount of Bitcoin sold by governments around the world is negligible compared to the overall inflow in the Bitcoin field. Since 2023, $224 billion has flowed into the market. The BTC seized by the government accounts for only 4% of the cumulative realized value since 2023, about $9 billion.

On July 6th, Coinglass data shows that the current balance of Bitcoin wallet on Coinbase Pro is 861,205.13 coins, ranking first among CEX; in the past 24 hours, 514.07 coins flowed in, in the past 7 days, 537.74 coins flowed in, and in the past 30 days, 28,600.12 coins flowed out. The balance of Bitcoin wallet on Binance is 612,898.11 coins, with 1,028.20 coins flowing out in the past 24 hours, 9,914.77 coins flowing in the past 7 days, and 37,800.45 coins flowing in the past 30 days. The balance of Bitcoin wallet on Bitfinex is 402,586.32 coins, with 568.43 coins flowing in the past 24 hours, 4,199.01 coins flowing in the past 7 days, and 10,292.01 coins flowing in the past 30 days.

According to CryptoSlate, Bit Digital and Iris Energy have released their Bitcoin (BTC) mining data for the past three months. Despite an increase in computing power, the Bitcoin output of both companies has been declining since April.Data shows that Bit Digital mined 119.3 BTC in April, 63.3 BTC in May, and 61.7 BTC in June. Meanwhile, Iris Energy produced 358 BTC, 230 BTC, and 233 BTC respectively during the same period.In addition, Argo Blockchain mined 99 BTC in April, 45 BTC in May, and 44 BTC in June.

On July 6th, Deribit's Asia-Pacific business director, Lin Chen, posted on X platform that today's largest BTC bulk option: someone paid a premium of $1.397 million to purchase 250 BTC call options with a strike price of $85,000 expiring at the end of March next year.

Farside Investors monitored that on July 5th, Grayscale's GBTC had a net outflow of $28.6 million, while Fidelity's FBTC had a net inflow of $117.4 million. Bitwise's BITB had a net inflow of $30.2 million, ARK's ARKB had a net inflow of $11.3 million, and VanEck's HODL had a net inflow of $12.8 million.

The trading volume of Bitcoin runes has dropped by more than 88% this month. Bitcoin miners have earned less than 2 bitcoins from rune trading in the past six days, a significant drop from the record-breaking 884 bitcoins earned on April 24. According to data from Dune Analytics, the daily trading volume of Runes from June 22 to 28 was 37,800, a decrease of nearly 90% from the daily average of 331,000 transactions between June 9 and 15. In particular, the trading volume on June 24 was 23,200, the lowest level since the fourth Bitcoin halving. In the past week, rune transactions accounted for only 4.9-11.1% of all Bitcoin transactions.

Media giant Barstool Sports founder Dave Portnoy stated on social media that if the price of Bitcoin reaches $40,000, "I will use Barstool's money to buy $5 million to $10 million worth of Bitcoin, but not at $60,000." He added, "I already own a lot of personal Bitcoin, so don't get confused."

On June 29th, according to data released by Deribit officials, a user paid $2.086 million to purchase a call option for Bitcoin at $85,000 expiring at the end of March 2025, totaling 250 BTC in bulk trading of BTC options.

Data shows BTC's DVOL volatility index is close to this year's low of 41.8, now reported at 45.44.

According to Coinglass data, the nominal value of outstanding BTC options positions on the entire network is $20.28 billion, and the nominal value of outstanding ETH options positions is $9.07 billion.

According to monitoring by HODL15Capital, as of June 21st, the US Bitcoin spot ETF holds a total of 867,532 BTC, with AUM of approximately 56.39 billion US dollars. The total amount of BTC held by global Bitcoin ETFs is 1,029,000, with AUM reaching 66.885 billion US dollars.

According to HODL15Capital monitoring, as of June 21, the Hong Kong Bitcoin ETF held 3842 BTC with an AUM of nearly $250 million.

According to HODL15Capital's monitoring, in the past week (Week 24), the US spot Bitcoin ETF sold 7,690 BTC.

HODL15Capital listed the top ten companies holding Bitcoin globally as of June 22, including:

Since the halving event in April, the blockchain bandwidth usage rate of Bitcoin has exceeded 90% for the first time. The increase in bandwidth usage after the halving is mainly attributed to the adoption of new token standards, including Runes and BRC-20. Dune Analytics data shows that the transaction volume involving these two token standards has significantly increased, especially on April 23, when the transaction volume of Runes exceeded 750,000.