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.
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.
10x Research CEO: Traders won’t short Bitcoin this weekend as speculation grows that Trump’s speech will push prices higher
Markus Thielen, CEO of 10x Research, wrote in a recent analysis report: "No one wants to short Bitcoin on weekends." He explained that Trump is expected to announce a plan for Bitcoin strategic reserves at the Bitcoin conference on July 27 (if he is elected president in November). Thielen believes that futures traders are not shorting Bitcoin because they are concerned that its price may soar due to this news.
US listed company OneMedNet buys $1.8 million worth of Bitcoin
OneMedNet, a US-listed company, has purchased $1.8 million worth of Bitcoin.
Fractal Bitcoin: Fractal testnet is expected to be fully open in August
The Fractal Bitcoin expansion plan recently posted on the X platform, stating that the Fractal test network has not yet been opened to the public. It is expected to fully launch the test network in August, and the test network tokens have no actual value or incentive measures. It is reported that before the launch of the Fractal main network, the test network will undergo several resets, and the latest reset will take place on July 20th at 8 pm.
BlockTower Capital CIO: The idea that the US government holds a strategic reserve of Bitcoin is positive for its price
Ari Paul, Chief Information Officer of BlockTower Capital, said that the idea of the US government holding Bitcoin as a strategic reserve could be beneficial for its price, but it is not realistic in the short term. I am against the idea of the US using Bitcoin as a strategic reserve in the next four years at a 10:1 odds. However, Paul further explained that Trump may say this, which would be very beneficial for Bitcoin's medium-term trend. Although the next president may say they do not plan to sell any Bitcoin currently held by the government, this does not mean they actually "establish a Bitcoin strategic reserve".
The transaction fee on the Bitcoin network is 6 satoshis per byte
According to data, the current Bitcoin network transaction fee is 6 satoshis/byte, with medium priority temporarily reporting 6 satoshis/byte and high priority also temporarily reporting 6 satoshis/byte.
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%.
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.
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."
A user paid $2.08 million to buy a BTC call option at $85,000 by the end of March next year
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.
Bitcoin’s blockchain bandwidth utilization exceeds 90% for the first time since April halving
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.
The total open interest of BTC options is $20.3 billion, and the open interest of ETH options is $8.6 billion
According to Coinglass data, the nominal value of all outstanding BTC options on the entire network is 20.3 billion US dollars, and the nominal value of outstanding ETH options is 8.6 billion US dollars.
Canadian singer Drake is about to lose $1 million worth of Bitcoin bet
Canadian singer Drake bet $500,000 each on the Edmonton Oilers and the Dallas Mavericks to win the Stanley Cup and NBA Finals, respectively. Now he is about to lose $1 million worth of Bitcoin.
El Salvador’s President Proposes Private Investment Bank for Bitcoin Investors
Salvadoran President Nayib Bukele proposed the establishment of a private investment bank in the country. If approved, Bitcoin investors will have access to financial services with fewer restrictions compared to traditional banks. Milena Mayorga, the Salvadoran ambassador to the United States, wrote in an article on June 14th, "As part of the Salvadoran economic plan, we propose the establishment of a private investment bank (BPI), which can provide potential investors with diversified financing options in U.S. dollars and Bitcoin." Max Keiser, Bukele's senior Bitcoin advisor, added on the same day, "President Bukele has launched new legislation to establish a Bitcoin bank during his new term." Cathie Wood, CEO of Ark Invest, predicts that Salvador's real GDP "could increase tenfold in the next five years," and implementing the above policy will make this goal "more achievable."
Bitcoin L2 Stacks was down for nearly 9 hours yesterday due to Bitcoin reorganization and unexpected miner behavior
Bitcoin's L2 expansion network, Stacks, experienced downtime on Friday, stopping block production for nearly 9 hours. This event was caused by Bitcoin reorganization (reorg) and "unexpected miner behavior," causing STX prices to drop 12% that day. "Unexpected miner behavior" may refer to miners not updating their software or coordinating effectively to respond to Bitcoin reorg, causing block production delays and implying technical or operational issues among miners. Stacks co-founder Muneeb Ali pointed out that the upcoming Nakamoto upgrade focuses on a new consensus mechanism aimed at eliminating the possibility of forks and reducing the impact of Bitcoin reorg. The Nakamoto upgrade was originally expected to be launched in late spring, but due to potential issues being too severe to be resolved in subsequent updates, it was postponed at the last minute and is now planned to be released in August.
