The German government address sold all 50,179 BTC in the past 24 days, about $3.3 billion
Lookonchain has monitored that in the past 24 days, the German government address has sold all 50,179 BTC ($3.3 billion). In the past 24 hours, the address has transferred out 9,594 BTC ($553.7 million) and received 500 BTC ($28.6 million), with the current balance of only $1.86 in BTC.
US Bitcoin spot ETF holds a total of 888,607 BTC, a record high
As monitored by HODL15Capital, as of the time of publication, the US Bitcoin spot ETF held a total of 888,607 BTC, setting a new historical high.
Bitcoin mining sustainable energy utilization rate reaches 56.2%, a record high
Data shows Bitcoin mining has achieved a sustainable energy utilization rate of 56.2%, reaching a new historical high.
Jupiter: More than 166,000 wallets have claimed active staking rewards
Jupiter posted on social media that 6 days ago, Active Staking Rewards (ASR) were launched for the first time and since then, over 166,000 wallets have claimed the reward.In addition, based on community feedback, the team has identified two key changes for the next round later this year:1. Too much Dust:Approximately 148,000 wallets have less than 10 JUP staked to receive LFG airdrop, which means some rewards are left unclaimed due to being too small. In the future, voters will need to stake at least 10 JUP (during voting) to be eligible for ASR. This will ensure that more tokens flow to real users rather than being used for governance witch-hunting.2. How to handle unclaimed ASR:ASR has a 30-day claiming window, but not everyone will claim it. After discussion, the team has decided to refund all unclaimed ASR funds to the DAO treasury, and the DAO can decide its future use.
QCP Capital: Large hedge funds are still betting that BTC will rise to $100,000 by the end of the year
On July 13th, QCP Capital posted on its official channel that the market has regained some stability this week, with BTC and ETH rebounding to critical levels of 58,000 and $3,100, respectively. The reasons for this rebound include:
The total open interest of BTC options on the entire network is about $15.4 billion, and the open interest of ETH options is about $5.39 billion.
According to Coinglass data, the nominal value of open BTC options positions on the entire network is currently $15.4 billion, and the nominal value of open ETH options positions is approximately $5.7 billion.
Glassnode: The current real market value of Bitcoin is $50,000
Glassnode analysis shows that the current Bitcoin price is still in the enthusiastic bull market phase, quickly falling back after entering the frenzy zone. The real market average is $50,000, representing the average cost basis of each active investor. If the macro bull market is expected to continue, this level is still a key price level that the market needs to maintain above. The unrealized profit of Bitcoin indicates that the market may be overheated, with the current value being $92,000. The breakeven level of the short-term holder group is $64,000, and the current spot price is below this level but is attempting to recover. It is worth noting that only 7% of trading days recorded a spot price lower than the -1 standard deviation band, making it a relatively rare occurrence.
Gold advocate Peter Schiff: BTC bear market still has a long way to go, ETH may fall to $1,500
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: Bitcoin will have positive performance in the short term, but it is not a major buying opportunity in the medium term
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.
The German government address transferred 700 BTC to an asset management institution 8 hours ago
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.
"How long will Bitcoin fall?" ranked 10th on Baidu's hot search list
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%.
Bitcoin miners ‘near capitulation’ as profits dry up alongside BTC sell-off
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.
CryptoQuant founder: Bitcoin currently sold by governments accounts for only 4% of the $224 billion bull market inflow
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.
The balance of Binance Bitcoin wallet increased by 9914.77 in the past 7 days
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.
Bit Digital and Iris Energy's Bitcoin production has declined in the past three months
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.
Deribit BTC block options buy $85,000 call options at the end of March next year
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.
Fidelity FBTC net inflow of $117.4 million on July 5
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.
Bitcoin Rune Trading Volume Has Fallen Over 88% This Month
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.
Barstool Sports founder: Will buy $10 million worth of Bitcoin if it hits $40,000
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."
