Bitcoin MVRV Z-Score indicator shows that it is at an undervalued level, which may indicate a potential buying opportunity
Glassnode data shows that Bitcoin's MVRV Z-Score indicates that it is closer to being undervalued, reflecting potential buying opportunities. In the past year, this indicator has fluctuated greatly, reflecting the price trend of Bitcoin volatility.
A few hours ago, an address holding 190 BTC was activated after 11.4 years of dormancy, with a floating profit of more than 11.47 million US dollars
According to Whale Alert monitoring, at 3:23:08 am Beijing time today, a certain Bitcoin address was activated after being dormant for 11.4 years, holding 190 BTC (worth $11,490,704), which was only worth $12,125 in 2013.
$198 million in liquidation across the entire network in the past 24 hours
According to Coinglass data, the total liquidation across the entire network in the past 24 hours was $198 million, with long positions liquidated at $161 million and short positions liquidated at $36.83 million. Among them, Bitcoin liquidated at $57.1 million and Ethereum liquidated at $46.25 million.
MicroStrategy is looking to sell its Class A shares to raise $2 billion to buy more Bitcoin
MicroStrategy is seeking to sell its Class A shares to raise up to $2 billion to purchase more Bitcoin and for general corporate purposes.In regulatory filings filed with the U.S. SEC, MicroStrategy did not disclose a timetable for stock sales or how much proceeds would be used to purchase Bitcoin.Earlier in June this year, MicroStrategy announced the issuance of $500 million unsecured senior convertible notes to purchase more Bitcoin, and one day later raised the issue price to $700 million.
2,200 letters of support for ‘Bitcoin Strategic Reserve’ bill sent to US senators
Senator Cynthia Lummis introduced the bill on July 31, which would direct the US government to start a reserve Bitcoin fund.
More than 16,000 BTC flowed out of Kraken in the past 7 days
In the past week, 16,494.83 bitcoins have flowed out of Kraken exchange wallets, 5,446.76 bitcoins have flowed out of Bitfinex wallets in the past 7 days, and 1,006.07 bitcoins have flowed into related wallets of Binance exchange in the past 7 days.
QCP Capital: The US government's transfer of BTC, Mt. Gox and Genesis repayments have brought panic selling pressure to the market
QCP Capital posted on its official Telegram channel that the market violently reversed the bullish trend brought by Trump's support for the cryptocurrency market this week. The BTC price fell from the high point of 70,000 after the speech to nearly 60,000 this morning. The reasons for the decline include selling pressure from the US government (about 28,000 BTC), Mt.Gox (33,960 BTC), and Genesis (BTC and ETH worth $1.5 billion); the increase in Bitcoin mining difficulty to a historical high, and people's expectations of a recession. According to options market data, it is expected that price fluctuations will stabilize in the summer.
Santiment: This drop is comparable to the drop in early July, but the same dip buying enthusiasm has not yet been seen
According to the cryptocurrency research firm Santiment, this decline is roughly equivalent to the one in early July, but there hasn't been the same buying enthusiasm at the bottom yet. It is expected that $60,000 BTC or $2,900 ETH will become key psychological levels.
Data: The total open interest of BTC options is $21.03 billion, and the open interest of ETH options is $6.01 billion
According to Coinglass data, the nominal value of open positions for BTC options on the entire network is currently 21.03 billion US dollars (compared to 20.5 billion US dollars the previous day), and the nominal value of open positions for ETH options is 6.01 billion US dollars (compared to 5.97 billion US dollars the previous day).
Bitcoin Beach co-founder claims Bitcoiners want to move families to El Salvador
The Bitcoin-friendly area of El Salvador has attracted many visitors using crypto, but are people considering moving themselves and their children abroad?
Santiment: Bitcoin’s weighted sentiment index has risen to its highest level since March 2023
The cryptocurrency intelligence platform Santiment pointed out that Bitcoin has risen by 20% in the past three weeks, which has made traders more bullish than at the beginning of the month. The weighted sentiment index of Bitcoin has risen to the highest level since March 2023. The weighted sentiment index is an indicator that measures the frequency of Bitcoin mentions on X platform and compares the ratio of positive and negative comments.
After Trump attended the Bitcoin conference, related concept coins fell
According to CoinGecko data, after Donald Trump attended a Bitcoin conference, several related concept coins experienced a general decline, including:
Trump to end war on crypto if elected, says US will be 'crypto capital of the world'
The former and prospective United States president made the announcement at the Bitcoin 2024 conference in Nashville, Tennessee.
BTC falls below $67,500
According to the market, BTC has fallen below $67,500 and is now trading at $67,302.54, with a daily decline of 0.83%. The market is volatile, so please be prepared for risk control.
Bitcoin wobbles as Trump delivers pro-crypto conference speech
The 45th president of the United States caused some minor ripples throughout the cryptocurrency market with his speech at Bitcoin 2024.
The total Bitcoin contract holdings increased by 2.8% in 24 hours
Data shows that the total Bitcoin contract position on the entire network is now reported at 37.372 billion US dollars, with a 24-hour increase of 2.8%.
Bitcoin mining pool Foundry USA Pool deposits 139.1 BTC into Bitfinex
According to on-chain analyst @ai_9684xtpa, eight hours ago, the Bitcoin mining pool Foundry USA Pool deposited 139.138 BTC accumulated seven months ago (when the BTC price was $42,614) into Bitfinex, worth $9.55 million.
Sen. Lummis proposes US government purchase 5% of total Bitcoin supply
The pro-crypto Senator introduced the Bitcoin Reserve Bill while declaring "this is the solution, this is the answer, this is our Louisiana purchase moment, thank you Bitcoin!"
Snowden: Beware of the privacy risks of Bitcoin, its transactions are not anonymous
Edward Snowden emphasized the trap of political loyalty and privacy issues surrounding Bitcoin in his keynote speech at the Bitcoin 2024 conference. He urged individuals to participate in voting, but warned against blindly following political ideologies. Snowden also expressed significant concerns about the privacy issues of Bitcoin. He pointed out that Bitcoin transactions are not anonymous and can be traced back to individuals, which poses a risk to personal privacy. Although people commonly misunderstand that Bitcoin transfers provide complete anonymity, Snowden clarified that most transactions can be linked through various entry and exit points, such as regulated exchanges. This connection makes it possible to track transaction history, which could potentially leak sensitive information about users' lives and relationships.
Cointime July 27th News Express
1. As of July 25, BlackRock IBIT held more than 338,000 bitcoins, an increase of more than 1,092 bitcoins from the previous day.
