Bitcoin faces continued uncertainty after sliding by nearly one third from its recent peak, fueling renewed debate among market analysts over where the bottom truly lies. After rebounding slightly to $64,382 this week, traders remain divided on whether the recovery marks a lasting trend or the start of deeper losses.
Analysts split on next Bitcoin bottomSome market participants identify $57,000 as a possible low point. Others argue that Bitcoin could have much further to fall if current conditions persist. The market’s mood has become especially tense following a series of price drops since May, with little clear consensus emerging on a definitive bottom.
A prominent trader known as King0ftheCharts argues that Bitcoin may be primed for another significant wave down, potentially dropping well below $50,000. He bases his outlook on historical price patterns, specifically referencing the two-legged drop seen during the 2022 bear market—when the initial decline reached 52% and was followed by a second leg down to a 68% loss.
Extrapolating from that scenario, King0ftheCharts suggests Bitcoin’s bottom in the current cycle could fall as low as $25,000 to $26,000, which would represent an approximately 80% drop from the October 2025 peak.
Bitcoin has dropped only 30% so far from its May high, but that’s no guarantee a bottom is forming. Signals remain bearish, and a steeper decline, potentially toward $25,000 to $26,000, remains on the table if historical trends repeat.
He notes that this target aligns with earlier projections he issued after successfully calling the October 2025 top, and he recounts that many traders were then expecting a surge toward $200,000 or beyond by year-end. King0ftheCharts also connects the possibility of lower prices to previous cycles, where Bitcoin faced weakness leading up to US midterm elections.
Mini dictionary: King0ftheCharts is a pseudonymous crypto trader known for sharing technical analysis and cycle-based predictions on social media platforms, especially X (formerly Twitter), with a focus on major turning points for Bitcoin and other digital assets.
BTC whale wallets show limited convictionAnalyst Justin Bennett takes a more cautious, data-driven approach. He urges market participants not to put too much faith in the recent price bounce, noting there is little evidence that large investors, or whales, have positioned for a strong upswing yet.
Don’t trust this weekend bounce yet, as $BTC whales have not committed to a bullish trend. The real test lies in the $64,700 to $65,000 range, which needs to be cleared before further gains can materialize.
Bennett identifies $64,700 to $65,000 as a critical resistance zone. He explains that a move through this range would fill a previous gap—known as a single print—on the price chart and allow open interest to reset. Such a move could improve the conditions for a potential rally, but until then, skepticism remains.
Traders focus on key levels aheadLooking at scenarios for the coming week, Bennett explains that a rejection from the $64,700 to $65,000 resistance band, followed by a break below $64,000, could lead to a retreat toward $61,000. Conversely, a decisive reclaim of $65,000 could set the stage for a push up to $67,000.
Bennett cautions that his outlook may change with new price developments. As of the latest data from CoinGecko, Bitcoin trades at $64,382.57, notching a 0.81% daily gain and recording $12.07 billion in 24-hour trading volume.
Resistance LevelIf RejectedIf Broken$64,700 – $65,000Drop to $61,000Rise to $67,000Overall, the debate on Bitcoin’s trajectory remains unresolved, with technical analysis and whale activity providing little clarity for now. Key price zones in the week ahead will likely determine whether the next major move is higher or if further losses await.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Dormant BTC activity fell to its lowest level since Q3 2022, suggesting long-term holders have slowed distribution after heavy profit-taking.
Dormant Bitcoin movement in the second quarter fell to its lowest level since the third quarter of 2022, according to data shared by Alex Thorn, Galaxy’s head of firmwide research.
Coin days destroyed, a metric that gives greater weight to older coins, showed a similar decline.
Thorn said the earlier spikes were driven by “OGs taking profit,” similar to the pattern seen during Bitcoin’s 2017 bull market, suggesting long-term holders have slowed selling after elevated distribution in 2024 and 2025.
Dormant coin movement tracks Bitcoin (BTC) that has remained untouched for extended periods before being spent again. Analysts monitor the metric because increased activity from long-term holders has historically coincided with periods of profit-taking and heightened selling pressure, while subdued activity can suggest those investors are holding rather than distributing their coins.
Magazine: Here’s why the CLARITY Act’s ethics deal may be so hard to reach
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Houthi forces launched a series of strikes on Saudi oil infrastructure between July 22 and 25, targeting tankers and Aramco facilities along the Red Sea coast. Gulf equity markets slid in response, crude oil blew past $100 per barrel, and Bitcoin dropped below $65,000 as traders across every asset class scrambled to reprice risk.
When roughly 12% of the world’s seaborne oil trade flows through a single chokepoint, the Bab el-Mandeb strait, any disruption there doesn’t stay a regional problem for long.
What happened in the Red Sea The attacks began on July 22-23, when Houthi forces struck two oil tankers, the Encelia and the Layla, near Jizan. Subsequent strikes hit Saudi Aramco facilities in both Jizan and Yanbu, extending the geographic scope of the assault.
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The Houthis claimed responsibility for all of the strikes. US President Trump responded by warning of “major military punishment” for Iran, which has long been linked to Houthi operations in Yemen.
Crude oil prices surged past $100 per barrel as markets priced in supply concerns tied to the Red Sea shipping lane disruptions. Gulf equity markets declined as geopolitical fears mounted.
Why crypto markets caught the shrapnel Bitcoin fell below $65,000 in the wake of the attacks. XRP also traded lower as the broader digital asset market absorbed the energy price volatility.
Reports have surfaced showing over $900 million in traced Tether (USDT) transactions on the TRON blockchain linked to Houthi activities, with data from as recently as June 2026. The operations reportedly extend to Bitcoin mining on YemenNet infrastructure, which is Yemen’s state-controlled internet network.
What this means for investors The $900 million in traced USDT transactions tied to Houthi operations gives ammunition to lawmakers pushing for stricter oversight of stablecoin issuers and blockchain networks. TRON, which has faced scrutiny before over illicit finance concerns, could find itself under even more pressure. Tether, already a perennial target of regulatory skepticism, now has another uncomfortable data point in the public record.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
It’s been another eventful week in crypto, with Bitcoin steadying through a tech-stock selloff, meme coins splitting into winners and losers, and Washington’s CLARITY Act back in focus. Here’s a quick recap of the major crypto stories that came in over the week.
Bitcoin, Ethereum, XRP, Dogecoin Hold Ground as CLARITY Act Seen Unlocking the ‘Next Wave of Adoption’Read the full article here.
Dogecoin Has a Chance, but Shiba Inu, Bonk Labeled ‘Worthless’Read the full article here.
Forget Bitcoin, XRP: These 3 Altcoins Are Set Up for Big Moves Right NowRead the full article here.
Bitcoin, Ethereum, XRP, Dogecoin End Week Quietly as Analyst Predicts ‘One Last Leg Lower’Read the full article here.
Shiba Inu Fights Back to Top 31: Is It Safe to Buy SHIB Now?Read the full article here.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
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Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Ethereum's (ETH) prolonged decline against Bitcoin (BTC) appears to have finally come to an end. The second-largest cryptocurrency has assembled a powerful combination of a strong technical signal, renewed inflows of institutional capital into U.S. funds and overwhelming dominance in the tokenization sector.
Together, these factors point to a fundamental shift in market sentiment about Ethereum right now, in the middle of summer 2026.
Charts, ETFs and real business: Why Ether's trend is changingThe first reason is a clear technical reversal. Analyst Aksel Kibar, CMT, identified an important shift in the ETH/BTC pair, which successfully rebounded from a local bottom of 0.0269 and climbed to 0.02918.
On the dollar chart, Kibar also points to ETH/USD breaking above a horizontal neckline after forming a medium-term base. Ethereum firmly rebounded from lows near $1,510, reached the current level of $1,880 and turned $1,842 into key support.
From the perspective of classical technical analysis, if the price remains above this critical line, the next confirmed target of the bullish pattern stands at $2,163.
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The second reason lies behind the charts: Ethereum's near-total dominance in the real-world asset sector. Fresh data from analytics platform RWA.xyz shows that the value of traditional capital tokenized on Ethereum has reached an impressive $17.1 billion, completely overshadowing the combined figures of its closest competitors, including Solana and BNB Chain.
BlackRock's flagship BUIDL fund and the smart contracts of another 1,373 major issuers are deployed on the network. For ETH, this represents a direct long-term growth driver. Billions of dollars in transactions conducted by traditional businesses require fees to be paid in the network's native cryptocurrency, generating continuous organic demand for the asset from institutional participants.
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The third reason is the return of capital from traditional funds. According to data from SoSoValue, current demand has fully absorbed the capital outflows recorded in May and June.
Total Ethereum Spot ETF Net Inflow sine June 1 2026, Source: SoSoValueThe week ending July 24 brought Ethereum ETFs net inflows of $103.90 million, marking the third consecutive week of positive momentum. As a result, the funds' net assets under management reached $10.17 billion, while weekly trading volume remained stable at $2.78 billion.
All three triggers have emerged at the same time, giving Ethereum a strong chance to step out of Bitcoin's months-long shadow during the current summer lull.
Ethereum’s prolonged slide against Bitcoin appears to have reached a critical turning point as the world’s second-largest cryptocurrency shows renewed technical strength and an upsurge in institutional investment.
Technical signals point to bullish momentumAnalyst Aksel Kibar, CMT, highlighted a notable shift in the ETH/BTC trading pair after Ethereum rebounded from a local low of 0.0269 to 0.02918. On the USD chart, Kibar observed that ETH climbed from near $1,510 to $1,880, surpassing a horizontal neckline and transforming $1,842 into a significant support level. These movements provide a foundation for a potential move toward a bullish pattern target of $2,163, provided price stability holds above the key threshold.
Market participants are closely monitoring whether this technical reversal sustains its momentum, as ETH had been under persistent pressure from Bitcoin for months. Kibar’s analysis signals optimism for continued upward movement if the price consolidates above established resistance levels.
If ETH can maintain support above $1,842, classical technical analysis sets the next bullish target at $2,163, reflecting renewed market optimism for Ethereum.
Dominance in tokenization and rising RWAsBeyond chart dynamics, Ethereum’s dominance in the real-world asset sector continues to reinforce long-term optimism. Fresh figures from RWA.xyz show traditional capital tokenized on the Ethereum network now stands at $17.1 billion, eclipsing the totals of other top blockchains such as Solana and BNB Chain.
Flagship initiatives like BlackRock’s BUIDL fund and over 1,370 major issuers have chosen Ethereum’s smart contracts for deployment, fueling substantial demand for ETH as network fees are paid exclusively in its native coin. The flow of billions of dollars in tokenized transactions from traditional finance drives persistent organic demand, especially from institutional market players.
As market participants evaluate these shifts, a focus on platforms that bridge traditional and blockchain-based finance is becoming more prominent. In this context, 1stepSwap is a highly practical platform that breaks down the barriers between traditional finance and the crypto world. By transferring real-world assets (RWAs) directly onto the blockchain, it allows users to access shares of major U.S. companies and commodities such as gold and silver directly through their wallets, eliminating the need for complex procedures or intermediaries. The platform’s most notable feature is its ability to find the best price available in the market at any given moment, enabling rapid trading of leading stocks at competitive rates while enhancing portfolio diversification.
ETF inflows and market sentiment recoveryRecent fund flow data confirm resurging appetite for Ethereum among traditional investors. According to SoSoValue, the capital outflows seen in May and June were fully absorbed, signaling renewed confidence in the asset.
For the week ending July 24, Ethereum exchange-traded funds recorded net inflows of $103.90 million—the third consecutive week of positive capital movement. The total net assets managed by these funds reached $10.17 billion, with weekly trading volumes holding steady at $2.78 billion.
Analysts view these institutional inflows as a crucial factor underpinning Ethereum’s price stability, especially during a period traditionally marked by low trading activity in the broader crypto market.
Ethereum’s dominance in tokenized real-world assets, combined with the return of institutional capital, highlights its unique growth position within the industry.
With technical, fundamental, and investment drivers converging, Ethereum is positioned to overcome months of underperformance relative to Bitcoin as the summer progresses.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The crypto market rose 0.72% to $2.2 trillion during the past 24 hours as major digital assets recovered. Investors are now preparing for the Federal Reserve’s July 28–29 policy meeting, which could shape short-term market direction. Bitcoin and Ethereum prices rallied when CLARITY Act developments enhanced regulatory optimism despite inflation and interest-rate fears.
Federal Reserve Chairman Kevin Warsh will lead his second FOMC meeting since taking office in May. The June meeting of the central bank saw rates between 3.50% and 3.75%. Warsh recently indicated that policymakers are intolerant of continually high inflation, and they are determined to restore price stability.
Fed watch data Investors will also pay attention to comments made by Warsh regarding geopolitical tensions, the cost of energy, employment, and the fast-growing artificial intelligence investment.
High AI expenditure has boosted growth in the economy though the policy makers are evaluating the impacts of AI spending on inflation and employment. The statement arrives at 2:00 p.m. ET, followed by Warsh’s press conference at 2:30 p.m. ET.
CLARITY Act Progress Supports Crypto Market Optimism The CLARITY Act has provided another key trigger ahead of the FOMC meeting. The proposal would demand more explicit regulation of digital goods and would separate regulatory duties between the SEC and CFTC.
The recent talks on ethics provisions led to backing confidence in Bitcoin, Ether, and crypto-related stocks. Nevertheless, the law continues to encounter controversies with regard to stablecoin incentives, government morality, and enforcement criteria.
Senate Majority Leader John Thune indicated there seems little likelihood of a final vote before the summer recess. He does not yet wish the Senate procedure to commence in the absence of the lawmakers at Washington. Further gains might aid in institutional inclination, and a further pause might restrict the crypto market recovery.
Crypto Market Prediction: Key Levels to Watch for Major Coins Bitcoin price has been trading close to $64,098 within an upward channel that has been supporting since the beginning of July. The building is positive and the price is higher than $64,000.
A close above $65,000 could open a move toward $66,000 as per the detailed Bitcoin price analysis. A breakout of that area may be confirmed by more powerful momentum above it. But the loss of $64,000 may reveal support around $62,500.
Ethereum price had a neutral to bullish formation around 1800. To avoid a further decline, buyers should guard $1,750. A rebound of more than $1,850 might aim at $1,920 and even a stronger demand might justify a test of $2,000.
XRP price bulls continued defending the critical $1.10 support level. An upswing beyond $1.13 might lead to attention to $1.15. Additional strength can be aimed at $1.20 and a downward break at $1.10 can unveil $1.06.
XRP/USDT 4-hour chart: TradingView The future of the crypto market is linked to the directions of Warsh, CLARITY Act, and geopolitical risks. Moderate Fed remarks would favour increased prices, and hawkish direction would cause fresh volatility.
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Cardano founder Charles Hoskinson has warned that Bitcoin could eventually lose its position as the world’s largest cryptocurrency if it fails to adapt to quantum computing.
Speaking in an interview on The Starting Block, Hoskinson claimed that Bitcoin’s biggest weakness is its limited ability to implement major protocol upgrades.
He argued that Bitcoin’s governance model makes significant network changes difficult, a challenge that could become critical as quantum computing advances and threatens today’s cryptographic security.
Quantum Computing Could Become Bitcoin’s Biggest Test According to Hoskinson, Bitcoin has successfully overcome several external challenges throughout its history, including the disappearance of its pseudonymous creator, Satoshi Nakamoto.
However, he stressed that quantum computing represents a fundamentally different threat. Unlike previous challenges, quantum-resistant security would likely require coordinated, network-wide upgrades. If Bitcoin cannot organize and deploy those changes efficiently, Hoskinson believes it could eventually lose its dominance in the cryptocurrency market.
For context, Bitcoin remains the world’s largest cryptocurrency by market cap, with a valuation of $1.28 trillion.
Conversely, Hoskinson argued that Cardano was built to preserve Bitcoin’s original vision while addressing limitations that have emerged over time.
He described Cardano as Bitcoin’s “spiritual successor,” saying the blockchain solves issues that Satoshi Nakamoto could not fully address because of technical limitations and time constraints during Bitcoin’s early development.
On-chain Governance Gives Cardano Greater Flexibility Hoskinson identified Cardano’s on-chain governance system as one of the network’s greatest strengths.
He explained that if quantum-resistant infrastructure becomes necessary, Cardano stakeholders could vote on the required protocol changes and execute the migration through the blockchain’s governance framework.
According to him, this process would allow Cardano to respond more quickly and efficiently to future technological challenges than networks with more rigid governance structures.
Leios Upgrade Expected to Deliver Massive Performance Boost Hoskinson also revealed that Cardano is preparing for its largest network upgrade to date. He said the enhancement is expected to increase the blockchain’s performance by 60x.
The upgrade he referenced is Ouroboros Leios, Cardano’s next-generation scaling protocol. Last month, developers launched Musashi Dojo, the Leios testnet, confirming that development is progressing as planned.
Meanwhile, the recent activation of the van Rossem hard fork (Protocol Version 11) laid the foundation for Leios, setting the stage for its anticipated mainnet launch later this year.
Hoskinson Proposes a Non-Custodial Way to Bring Bitcoin to Cardano Beyond network upgrades, Hoskinson outlined a potential method for bringing Bitcoin liquidity into the Cardano ecosystem without relying on traditional blockchain bridges or triggering taxable events.
He explained that because both Bitcoin and Cardano use the Unspent Transaction Output (UTXO) accounting model, developers can leverage zero-knowledge cryptography to create a non-custodial mirror of Bitcoin on Cardano.
Under this approach, Bitcoin holders would retain ownership of their BTC while accessing Cardano-based decentralized applications without transferring their assets to a third-party bridge.
Hoskinson argued that this model would significantly improve security by eliminating the risks associated with cross-chain bridges, which have historically been among the most frequent targets of cryptocurrency exploits.
He also emphasized that the process would remain tax-neutral because it does not involve creating a new asset or selling Bitcoin. Instead, users would continue holding their original BTC while securely participating in Cardano’s ecosystem through zero-knowledge technology.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Cardano co-founder Charles Hoskinson has warned that Bitcoin could lose its position as the largest cryptocurrency if its governance system cannot organise a response to quantum computing.
Summary
Hoskinson says Bitcoin could lose leadership if governance cannot coordinate a timely quantum-security upgrade successfully. Bitcoin developers are already discussing post-quantum migration plans, including BIP 361 and new signature designs. Cardano’s onchain governance lets ADA holders vote on upgrades, but coordination disputes have also emerged. He made the comments during an interview with The Starting Block published on July 24. Hoskinson described Bitcoin as “frozen in time” because major changes require wide agreement across developers, miners, node operators and users. He argued that Cardano’s formal voting system gives its community a clearer route for approving upgrades. His comments present a governance argument rather than evidence of an immediate quantum attack.
CARDANO FOUNDER WARNS BITCOIN COULD LOSE ITS #1 SPOT.
Charles Hoskinson says Bitcoin could eventually lose its dominance if its governance fails to respond properly to the threat of quantum computing.
The concern?
A sufficiently powerful quantum computer could potentially… pic.twitter.com/H7zcu0HqZk
— That Martini Guy ₿ (@MartiniGuyYT) July 25, 2026 Hoskinson frames quantum security as a governance test Bitcoin relies on elliptic-curve cryptography to prove ownership of funds. A sufficiently powerful quantum computer could, in theory, derive private keys from exposed public keys and authorise transactions without the owner’s approval. The U.S. National Institute of Standards and Technology describes this as a future risk and has already standardised algorithms designed to resist quantum attacks.
Hoskinson said quantum computing would test whether Bitcoin can change without weakening the qualities that support its value. He said BTC may not remain the leading cryptocurrency if its governance cannot make progress. However, he did not name another network that would replace it or give a date for a threat.
Bitcoin developers are already studying migration options Bitcoin has no formal onchain voting body. Developers can propose code, but users and node operators decide whether to run it. Miners, exchanges and wallet providers also influence whether an upgrade gains enough support. This slower process avoids frequent rule changes, though it can make urgent coordination harder.
Work on quantum resistance is already active. Bitcoin Optech has tracked BIP 361, which outlines a phased move away from current ECDSA and Schnorr signatures after developers select a post-quantum system. Other proposals cover new address formats, hybrid signatures and recovery paths. These ideas remain under review.
Any such change would also need wallets, exchanges, custodians and long-dormant holders to migrate funds without splitting the network or creating conflicting ownership rules during a limited transition.
Some researchers estimate that millions of BTC sit in addresses whose public keys are visible. Those coins could face greater exposure if a capable quantum computer appears. The timing remains uncertain, and researchers continue to debate which coins should move, freeze or remain spendable.
Cardano points to formal onchain governance Cardano completed its move to full community governance through the Plomin hard fork in January 2025. ADA holders can vote directly or delegate voting power to representatives known as DReps. Stake pool operators and a constitutional committee also take part in selected decisions. The system can approve hard forks and treasury withdrawals onchain.
Hoskinson said Cardano could use that structure to vote on a migration away from quantum-vulnerable infrastructure. Yet Cardano has not completed such a migration. Its governance system must still evaluate technical designs, approve funding and organise users, developers and service providers around any change.
The process has also produced disputes.Cardano delegates rejected or challenged several proposals linked to Hoskinson and Input Output during 2026. One request included research into Leios scaling and quantum-resistant cryptography. Formal voting does not guarantee approval of a founder-backed plan.
Cardano prepares scaling work alongside security research Hoskinson also said Cardano is preparing for its largest upgrade and claimed the network would become “60 times faster.” Development updates show teams are testing Ouroboros Leios, a design intended to increase throughput by separating block roles and allowing more work in parallel. Developers continue to integrate the prototype with Cardano node software.
The 60-fold figure remains Hoskinson’s estimate rather than a measured result from the live network. Leios still requires testing, technical review and governance approval. Cardano’s recent van Rossem hard fork shows that DReps, stake pool operators and the constitutional committee can coordinate an upgrade.
Hoskinson described Cardano as a “spiritual successor” to Bitcoin because it keeps a fixed-supply monetary model while adding smart contracts and formal governance. Bitcoin supporters may reject that comparison, since Bitcoin’s limited change process forms part of its security model. Bitcoin depends on broad offchain consensus, while Cardano records many decisions directly onchain.
The quantum issue remains open for both networks. Bitcoin developers are designing migration options, while Cardano is funding research and building governance tools. Neither network has deployed a complete post-quantum transaction system. The practical test will come when developers agree on secure cryptography and communities must decide how to move users and funds.
XRP price climbed 1.07% to $1.10 as the broader crypto market recovered. The crypto market value rose 0.9% to $2.21 trillion, reflecting improved demand across major digital assets. Bitcoin, Ethereum, Solana, and Dogecoin, the others have progressed, with the move of XRP being preceded by a broader market recovery.
Federal reserve will sit on July 28 and July 29 to discuss the policy of interest rates. Any change in policy would impact equities, cryptocurrencies, and other risky markets.
Broader Crypto Recovery Lifts XRP Market Momentum The crypto martket rebound followed stronger United States equities as geopolitical tensions were alleviated and earnings sentiment was enhanced. Risk appetite improved in a number of markets and digital assets boosted after facing selling pressure in the recent past.
The XRP price has also recovered out of the $1.06 to $1.09 price zone where the buyers had earlier on repelled additional losses. This region is not to be ignored as long-term demand may justify another short-term improvement.
Any move higher than $1.10 will enable XRP to challenge resistance between $1.13 and $1.15. Firmer purchasing pressure would then open the door to $1.24 and $1.28.
XRP/USDT 4-hour chart: TradingView A fall below $$1.08 may however undermine the recovery and reopen the $1.05 level. The following action could be subject to market mood, regulatory changes and the Federal Reserve meeting.
CLARITY Act and Ripple Mint Boost Confidence The United States Clarity Act is an imminent regulatory supercharger to XRP and the crypto sector at large. Some large financial institutions have publicly endorsed the existence of more transparent digital asset rules and are gearing up to potentially make changes.
It has also been supported under the model of SEC and CFTC as introduced in March 2026. The framework categorised 16 crypto assets as digital commodities, enhancing trust of institutional market participants.
The timeline of the bill is however unclear since legislators are heading towards the Senate recess. The unresolved disagreements might slow down any further progress and retain regulatory uncertainty.
🇺🇸 BlackRock. Charles Schwab. Fidelity. Goldman Sachs. Grayscale.
The world’s biggest financial institutions are positioning themselves for the CLARITY Act and publicly supporting its passage.
They are preparing to capitalize on it. Are you? pic.twitter.com/SuSxTNPBkq
— Crypto Rover (@cryptorover) July 26, 2026
Ripple also launched Ripple Mint on July 23, in the case of institutions utilizing RLUSD. The system enables clients to mint, redeem, and manage RLUSD in a single system.
The launch increases the institutional stablecoin infrastructure of Ripple and enhances availability to professional users. However, it does not guarantee immediate or direct demand for XRP.
XRP ETFs Fund Flows No net inflows were reported in XRP exchange-traded funds on July 24. Cumulative inflows remained unchanged at $1.49 billion.
Total net assets were of 997.25 million, and combined trading value was of 8.80 million. The products represented about 1.46% of XRP’s market capitalization.
Bitwise led the group with $312.85 million in net assets and $500.76 million in cumulative inflows. Franklin had a balance of 255.53 million and Canary had a balance of 251.24 million.
All five listed funds posted daily declines between 1.33% and 1.58%. The poor performance was in contrast to the wider market recovery of XRP.
Source: Sosovalue data The flows of ETFs continue to be a significant indicator of institutional interest. Sentiment can be supported by future inflows, and might be constrained by ongoing flat demand.
SHIB re-enters top 25 on a whale-driven squeeze, not real demand. SHIB jumped ~40% in two days, adding nearly $1B in market cap. Etherscan data shows a Gini index of 0.9957, with 802 wallets controlling 94.71% of supply and retail under 2% — and the rally now faces a hard ceiling at the $3.5 billion resistance zone (aligned with the 200-day EMA).XRP: one whale is betting against a market that's mostly bullish. A single Hyperliquid wallet holds a $13.84M, 20x-leveraged short (liquidation at $1.68 vs. XRP's $1.10 price), even as other large traders stay net-long and U.S. XRP ETFs pull in $8 million in weekly inflows.AI agents are now paying each other in Bitcoin. Block's new Nostr-based chat app, Buzz, is hosting Claude- and DeepSeek-powered agents that negotiate prices, subcontract work, and settle in BTC — since agents can't open bank accounts but can hold crypto keys.Bitcoin is range-bound near $64,000 ahead of the July 29 FOMC meeting. A break above $65,700 opens $67,500; losing $63,000 risks $60,000–$58,000. The CLARITY Act's 2026 odds have slipped to 38% on Polymarket amid banking-sector pushback.Rally on empty order books: SHIB breaks into top 25 but hits a wall of whalesOver the past two days, meme token SHIB surged as much as 40%, adding almost $1 billion to its market capitalization and climbing to 25th place in the CoinMarketCap ranking. The prediction published on July 22 about the Shiba Inu coin returning to its key price magnets played out with surgical precision.
However, a look under the hood at the latest on-chain data shows that it is still too early for the retail market to celebrate. The rally occurred in an artificial vacuum.
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Four days ago, our coverage already warned that SHIB's exchange order books had become dangerously thin, as small investors had largely disappeared from the market and tokens had been moved to cold wallets. The liquidity shortage thesis has now been confirmed in full.
Shiba Inu (SHIB) market capitalization chart with 200-day moving average (red), Source: TradingViewA fresh on-chain snapshot from Etherscan shows an extreme level of centralization: the Gini index, a measure of inequality, has surged to 0.9957, while all retail holders combined — the "shrimp" and "crab" categories — control less than 2% of the supply.
The token's fate is now being decided by just 802 whale wallets, which hold 94.71% of all coins, worth around $5.21 billion. Seven of the largest players each control at least 1% of the total supply.
When the first large orders reached exchanges, primarily South Korea's Upbit, the half-empty order books could not absorb the pressure. The shortage of available tokens immediately catapulted the price higher, while triggering a cascade of more than $5 million in short liquidations. On this momentum, SHIB technically overtook Tether Gold, Avalanche, Sui, and Hedera.
Shiba Inu (SHIB) holders overview after 40% surge in 2 days, Source: EtherscanDespite the impressive green candle, the rally appears to have reached its logical dead end. Market capitalization has settled near $3.38 billion, directly below the lower boundary of the historical resistance block at $3.49 billion–$3.54 billion. The main technical barrier, the 200-day exponential moving average, also runs through this area.
Breaking through this wall without a real, organic influx of new mass-market buyers is practically impossible. The current rally is a speculative liquidity squeeze orchestrated by a narrow group of large addresses.
For the 802 whales, the 200-day EMA is an ideal level at which to take profits against the crowd's remaining optimism. A breakout above this line is unlikely under current conditions. It will most likely become SHIB's ceiling, followed by a severe pullback.
Hyperliquid whale opens $14 million short against bullish XRP trendA major anomaly has emerged in XRP positioning on the decentralized Hyperliquid platform. At first glance, top traders with balances above $1 million — the Money Printer category as per CoinGlass — appear aggressively bearish, with $35.7 million in XRP shorts against just $6.2 million in longs.
However, this imbalance is the result of the actions of a single player. The lion's share of the bearish volume, $13.84 million, comes from one wallet, "0x46....58a5". The trader is holding an isolated short position with aggressive 20x leverage.
With XRP currently trading at $1.10, the position's liquidation level stands at $1.68. The trade still has a substantial safety margin, but one major piece of crypto news could quickly reduce that distance.
XRP short seller on Hyperliquid with liquidation set at $1.68 per coin, Source: CoinGlassMeanwhile, the rest of the large capital on the platform is unanimously betting on the asset's growth. Traders with positions between $500,000 and $1 million hold net longs, with $2.9 million in long exposure against $2 million in shorts.
Notably, XRP is a targeted exception for this group, as the same wallets are net short BTC and ETH. Local optimism is also supported by the external backdrop: U.S. XRP ETFs recorded $8 million in net capital inflows over the past week.
The large short seller remains comfortable for now, as the $1.68 liquidation level is still far away. However, a $14 million position with 20x leverage will clearly remain the main reference point for local market manipulation.
AI agents begin hiring one another for Bitcoin in Jack Dorsey's new messengerBlock, the company founded by Twitter co-founder Jack Dorsey — who has long been the subject of a theory claiming that he is Bitcoin creator Satoshi Nakamoto — has released Buzz, an open, decentralized alternative to Slack. Just 24 hours after its launch, the corporate chat platform turned into an autonomous marketplace where AI agents conduct business with one another without human involvement, as found out by the "Documenting Bitcoin" portal.
The latest precedent shows how easily real production work can be automated. A person simply posts a coding task in a channel and allocates a budget in satoshis.
Jack Dorsey’s company released an open source version of the team chat app Slack called “Buzz”
Within a day, users have enabled agentic economic collaboration. Artificial intelligence agents are paying each other back and forth independently using bitcoin pic.twitter.com/7V1eyBThmp
— Documenting ₿itcoin 📄 (@DocumentingBTC) July 26, 2026 From that point, a pure market economy takes over, as agents powered by current Claude and DeepSeek models negotiate prices directly in the comments, win contracts, and immediately hire subcontractors, distributing cryptocurrency across wallets in real time.
The main hook is that Bitcoin became a forced but ideal choice for AI. A digital agent physically cannot open a bank account, but Buzz's architecture, built on the Nostr protocol, gives every bot its own sovereign cryptographic key.
As a result, an isolated economy has emerged inside workplace chats, where software independently earns money, divides budgets, and hires third-party LLMs.
Crypto market outlook: BTC holds $64,000 near critical miner floorInstitutional capital is stabilizing the market near the bottom of a nine-month bearish trend that began after the $126,000 peak in October 2025. While open interest is being cleared of excessive leverage and Ethereum and Solana have lost more than 40% of their value, large funds are aggressively accumulating BTC, creating a price floor near miners' critical production cost of $58,000.
Key checkpoints:
Bitcoin remains trapped in a narrow range: BTC is trading within a descending wedge near $64,000, recovering from its recent pullback from $67,000. A breakout above $65,000–$65,700 would open the way toward a test of $67,500, while losing the $63,000 support level would shift bearish targets toward $60,000 and $58,000.The market is waiting for a macroeconomic trigger: Investor attention is focused on the U.S. Federal Reserve's FOMC meeting on July 29, 2026. The market is pricing in an unchanged interest rate of 3.5%–3.75%, although Brent crude trading above $100 continues to create hawkish risks.Forces remain divided over the CLARITY Act: Political lobbying in the United States has reached its peak ahead of the Senate recess. The probability of the key crypto bill passing in 2026 has fallen to 38% on Polymarket due to resistance from the banking sector, despite strong support from BlackRock and Fidelity.Altcoins capitulate despite strong on-chain data: Ethereum and Solana have corrected by 42% and 45% from their respective peaks. At the same time, Bitcoin's fundamental network metrics, including its hash rate and long-term holder accumulation volumes, remain near historical highs, acting as a price filter against a deeper decline. You Might Also Like
Türkiye‘deki kripto para yatırımcılarının son günlerde en çok hangi projeleri takip ettiği ortaya çıktı. CoinGecko’nun 26 Temmuz tarihli Trending Cryptocurrencies in Türkiye verilerine göre listenin ilk sırasında DeXe (DEXE) yer aldı. Onu Shiba Inu (SHIB) ve Bitcoin (BTC) izledi.
İlk bakışta sıradan bir trend listesi gibi görünüyor.
Ancak veriler biraz daha yakından incelendiğinde yatırımcı davranışında dikkat çekici bir değişim öne çıkıyor. Türk yatırımcılar sadece yükselen varlıklara değil, sert fiyat hareketleri yaşayan projelere de yoğun ilgi göstermeye başladı.
DeXe’nin Zirveye Çıkmasının Arkasında Ne Var? DeXe’nin listenin ilk sırasında yer alması, fiyat performansıyla aynı doğrultuda ilerlemedi. Proje son yedi günde yaklaşık %89 değer kaybetmesine rağmen Türkiye’de en çok araştırılan kripto para oldu.
Bu durum, sert düşüş yaşayan projelerin yatırımcıların radarına girdiğini gösteriyor. Bazı yatırımcılar olası dip seviyelerini takip ederken, bazıları ise yaşanan değer kaybının nedenlerini araştırıyor. Fiyat gerilerken arama hacminin artması, kripto piyasasında sık görülen davranış kalıplarından biri olarak öne çıkıyor.
Kazandıran Altcoinler de Listede Yerini Aldı Trend listesinin tamamına bakıldığında yalnızca düşüş yaşayan projeler öne çıkmıyor. Son günlerde güçlü yükseliş kaydeden bazı altcoinler de yatırımcıların ilgisini çekmiş durumda.
Bunların başında Euler (EUL) geliyor. Proje son yedi günde yaklaşık %170 yükseliş kaydetti. Lorenzo Protocol (BANK) ise aynı dönemde %158 değer kazanırken, Pons (PONS) yüzde 230’un üzerindeki performansıyla dikkat çekti.
Bu tablo, yatırımcı ilgisinin iki farklı noktada yoğunlaştığını gösteriyor: sert yükselenler ve sert düşenler.
Aradaki sakin projeler ise daha az konuşuluyor.
Büyük Kripto Paralar Yerini Koruyor Trend listesindeki hareketliliğe rağmen piyasanın büyük oyuncuları görünürlüğünü kaybetmiş değil. Bitcoin, Ethereum, Shiba Inu ve Avalanche, Türkiye’de en çok araştırılan varlıklar arasında yer almayı sürdürdü.
Bu tablo, yatırımcıların bir yandan yüksek volatilite sunan altcoinleri izlerken diğer yandan piyasanın ana varlıklarını takip etmeye devam ettiğini gösteriyor. Özellikle belirsizliğin arttığı dönemlerde yatırımcı ilgisinin hem köklü projelere hem de kısa sürede sert fiyat hareketi yaşayan tokenlara yönelmesi, piyasadaki risk iştahının tek bir alanda toplanmadığını ortaya koyuyor.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
ABD Başkanı Donald Trump‘ın son bir haftada attığı jeopolitik ve ticari adımlar küresel piyasalarda sert dalgalanmalara yol açtı. İran’a yönelik sert açıklamalar, yeni gümrük tarifeleri ve Çin bağlantılı tedarik zincirlerini hedef alan kararlar yatırımcıların risk iştahını azaltırken, Brent petrolün yeniden 100 doların üzerine çıkması enflasyon ve faiz beklentilerini de yeniden gündeme taşıdı. Artan tahvil faizleri ise Bitcoin ve teknoloji hisselerinde baskıyı artırdı.
İşte 19-25 Temmuz haftasında piyasaları en fazla etkileyen beş Trump kararı.
İran açıklamaları petrolü 100 doların üzerine taşıdı Trump, Husilerin ticari gemilere yönelik saldırılarının sürmesi halinde İran’ın ağır sonuçlarla karşılaşacağını söyledi. Açıklamanın ardından Kızıldeniz ve Hürmüz Boğazı’nda enerji arzının sekteye uğrayabileceği endişesi güçlendi.
Brent petrol, 23 Temmuz’da 100,69 dolar seviyesine yükselirken ertesi gün 101 doların üzerinde işlem gördü. Böylece gösterge petrol fiyatı mayıs ayından bu yana ilk kez yeniden 100 dolar eşiğini aştı. Petrol fiyatlarındaki yükseliş, enflasyon baskısını artırırken merkez bankalarının faiz indirimlerini erteleyebileceği beklentisini de güçlendirdi.
TRUMP JUST IMPOSED NEW TARIFFS ON 60 COUNTRIES STARTING TODAY.
The Supreme Court struck down Trump's original "Liberation Day" tariffs in February. In response, Trump imposed temporary 10% global tariffs as a placeholder.
Those tariffs were set to expire today, and today's new… pic.twitter.com/eoc3EFbs37
— Bull Theory (@BullTheoryio) July 24, 2026
Yeni tarifeler enflasyon endişelerini artırdı Trump yönetimi yaklaşık 60 ekonomiden ithal edilen ürünlere yönelik yüzde 10 ve yüzde 12,5 arasında değişen yeni gümrük vergileri açıkladı. Çin, Hindistan, Avrupa Birliği, Japonya ve Güney Kore kararın kapsadığı başlıca bölgeler arasında yer aldı.
Yeni tarifelerin ithalat maliyetlerini yükseltmesi ve şirketlerin artan maliyetleri tüketicilere yansıtması bekleniyor. Bu durum enflasyonun yüksek kalabileceği ve Fed’in faiz indirimlerini geciktirebileceği beklentilerini güçlendirdi.
Kanada da ticaret geriliminin hedefi oldu Trump, Kanada’dan ithal edilen yaklaşık 20 milyar dolarlık ürüne ek yüzde 50 gümrük vergisi uygulanacağını duyurdu. Süt ürünleri, mobilya, şarap, çimento ve spor ekipmanları kararın kapsadığı ürünler arasında yer alırken enerji ve kritik mineraller muaf tutuldu.
Karar, Kuzey Amerika tedarik zincirlerinde yeni maliyet baskıları oluşabileceği endişesini beraberinde getirdi.
Çin bağlantılı tedarik zincirlerine yeni kısıtlamalar Trump ayrıca ABD savunma şirketlerinin Çin ve diğer kısıtlı pazarlardan kritik mineral ve bileşen tedarik etmesini zorlaştıran yeni bir kararname imzaladı.
Kararın ABD’deki nadir toprak elementi üreticilerini desteklemesi beklenirken, savunma ve havacılık şirketlerinin kısa vadede daha yüksek maliyetlerle karşılaşabileceği değerlendiriliyor.
Alüminyum tarifelerine yatırım şartı getirildi Haftanın son önemli adımı ise alüminyum ithalatına yönelik yeni düzenleme oldu. Buna göre ABD’de yeni eritme tesisi kuran veya mevcut kapasitesini artıran şirketler belirli miktarda alüminyumu daha düşük gümrük vergisiyle ithal edebilecek.
Yeni sistemin yerli üretimi teşvik etmesi beklenirken, programa dahil olamayan otomotiv, inşaat ve içecek sektöründeki şirketler için maliyetlerin artabileceği belirtiliyor.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Kripto para piyasasında hafta sonunun en dikkat çeken hareketi Bitcoin’den değil, meme coin‘lerden geldi. Bitcoin 64 bin dolar seviyesinin üzerinde tutunmayı başarırken, Shiba Inu (SHIB) yüzde 35’i aşan yükselişiyle büyük hacimli altcoin’leri geride bıraktı. PEPE, Dogecoin (DOGE) ve VVV de günün en çok kazandıran projeleri arasında yer aldı.
Bitcoin 64 Bin Doların Üzerinde Kalmayı Başardı Bitcoin haftaya 65 bin dolar seviyesinden başladı ancak pazartesi günü 63.750 dolara kadar geriledi. Bu seviyeden gelen alımlarla yeniden toparlanan lider kripto para, salı günü bazı borsalarda 67 bin dolara kadar yükselerek son bir ayın en yüksek seviyesini gördü.
Haftanın ikinci yarısında kâr satışlarıyla karşılaşan Bitcoin, cuma günü 65.750 dolardan geri döndü ve yeniden 64 bin dolar bandına çekildi.
ABD Başkanı Donald Trump’ın İran ile Umman arasında yeniden başlayacak görüşmeleri beklemek amacıyla İran’a yönelik planlanan saldırıları durdurma kararı ise piyasadaki risk iştahını destekledi. Bitcoin bu gelişmenin ardından 64.500 dolara kadar yükseldi ve hafta sonuna 64 bin doların üzerinde girdi.
CoinGecko verilerine göre Bitcoin’in piyasa değeri yeniden 1,29 trilyon dolara ulaşırken, toplam kripto piyasasındaki hakimiyeti de yaklaşık %57 seviyesine yükseldi.
SHIB Rallisi Meme Coin’leri Harekete Geçirdi Hafta sonunun yıldızı ise meme coin’ler oldu.
Shiba Inu (SHIB), son 24 saatte %35’in üzerinde değer kazanarak son iki ayın en yüksek seviyesine ulaştı. PEPE aynı dönemde yaklaşık %9,6, son bir ayda ise %26 yükseldi.
Dogecoin (DOGE) günlük bazda %5,8, VVV ise %12 prim yaptı. Büyük hacimli altcoin’lerden Avalanche (AVAX) da yaklaşık %9 yükseliş kaydetti.
Ethereum (ETH) yüzde 1,5 artışla 1.900 dolar seviyesine yaklaşırken, XRP yeniden 1,10 doların üzerine çıktı. Hyperliquid’in HYPE tokeni yüzde 2,5 yükselse de 60 doların altında işlem görmeye devam etti.
En Yüksek Kazanç Küçük Ölçekli Token’larda Görüldü Piyasanın en yüksek günlük getirileri ise düşük piyasa değerine sahip token’lardan geldi.
Miu yüzde 316, JW Token yüzde 239, Nonchalant Horse yüzde 219, LIMITUS yüzde 213 ve Terraformation yüzde 206 yükselerek günün en çok kazandıran varlıkları arasında yer aldı.
Ancak bu tür düşük hacimli token’larda fiyat hareketlerinin çok daha sert gerçekleşebildiği ve yüksek volatilite riski taşıdığı unutulmamalı.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
President Trump hit the brakes on US military strikes against Iranian targets on July 25, suspending operations after 13 consecutive nights of attacks near the Strait of Hormuz. The pause comes as diplomatic channels with Tehran remain open, though Trump has made clear that military options aren’t going anywhere if talks fall apart.
For crypto markets, the damage was already done. Bitcoin fell approximately 2.3% during the escalation, sliding from around $65,500 to below $64,000. The total cryptocurrency market capitalization shed roughly $80 billion as investors rotated out of risk assets and into traditional safe havens.
What happened and why it matters for markets The 2026 Iran conflict escalated after a ceasefire breakdown in June, with US military operations targeting threats to commercial shipping in one of the world’s most critical chokepoints. The Strait of Hormuz handles roughly a fifth of global oil supply.
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Oil prices surged past $100 per barrel for the first time since May 2026.
The pause in military action was reportedly influenced by Gulf states pushing for more time to pursue diplomacy.
The sanctions enforcement angle The US Treasury seized nearly $500 million in crypto assets linked to Iranian entities as part of sanctions enforcement. That figure is notable not just for its size but for what it signals about the government’s growing capability to track and seize digital assets tied to sanctioned regimes.
Prediction markets and what comes next Prediction markets are painting a picture of cautious pessimism. The estimated probability of the US lifting the Iranian blockade by July 31 sits at just 14%. Look a month further out and the odds improve modestly, with a 50.5% chance of some resolution by August 31.
The oil price spike compounds the problem. When crude sits above $100, it feeds directly into inflation readings. Higher inflation makes central banks less likely to cut rates, and rate expectations have been one of the primary drivers of crypto valuations throughout 2026.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TLDR: U.S. spot Bitcoin ETFs hold roughly $180 billion in assets, up sharply since 2024 approval. ETF holdings peaked near 1.38 million BTC, now steady around 1.2 million BTC today. Inflows continued even as Bitcoin traded between $115,000 and $125,000 in recent months. A Japanese Bitcoin ETF could draw ¥1.5 trillion to ¥3 trillion in fresh inflows. Wall Street’s growing appetite for Bitcoin ETFs is reshaping how institutions approach digital assets. Since January 2024, major financial firms have shifted from cautious observers to active buyers.
Regulated ETF structures now let banks, pension funds, and asset managers gain exposure easily. This institutional wave marks a fundamental change in Bitcoin’s ownership base and market behavior.
Why Wall Street Chose ETFs Over Direct Bitcoin Ownership Direct Bitcoin ownership once presented major challenges for traditional financial institutions. Private-key management, custody arrangements, auditing requirements, and compliance controls created significant operational hurdles.
Few firms had infrastructure suited to holding digital assets safely. Bitcoin ETFs solved this problem by offering exposure through standard brokerage accounts.
This accessibility explains much of Wall Street’s enthusiasm toward Bitcoin ETFs today. Financial institutions can now buy Bitcoin exposure using existing trading systems and custodial relationships.
No specialized crypto infrastructure or private-key handling is required. This convenience has removed the single biggest barrier to institutional participation.
By 2026, U.S. spot Bitcoin ETFs had grown to roughly $180 billion in assets. Combined Bitcoin holdings rose from about 620,000 BTC shortly after approval.
Holdings later peaked near 1.38 million BTC amid strong buying activity. Despite market corrections, ETF holdings still remain around 1.2 million BTC.
Wall Street’s buying has continued even during periods of elevated Bitcoin prices. Inflows persisted while Bitcoin traded between $115,000 and $125,000 recently.
This pattern shows institutions are not simply waiting for cheaper entry points. Instead, many are treating Bitcoin as a long-term portfolio allocation decision.
How Institutional Money Is Reshaping Bitcoin’s Market Structure The investor base behind Bitcoin ETFs has expanded well beyond early adopters. Asset managers, hedge funds, and registered investment advisors now sit alongside banks and endowments.
Corporations and pension-related investors have also entered this space recently. This diversity signals broadening acceptance of Bitcoin within mainstream finance.
The scale of potential institutional demand remains substantial across global portfolios. Even a 1% allocation from a $1 trillion portfolio equals $10 billion.
This example shows how small allocation shifts can meaningfully influence Bitcoin’s market capitalization. Growing institutional interest suggests this demand curve may continue rising.
Traders continue watching Bitcoin’s price cycles alongside this institutional buying trend. One analyst known as Crypflow described recurring patterns across previous market recoveries.
$BTC (1W) – The breakout that ended every bear market. 👀
Every cycle tells the same story.
After each Bitcoin cycle top…
→ Price trended lower creating lower highs.
→ A downtrend formed.
→ That downtrend eventually broke.
And when it did…
A new bull market followed.… pic.twitter.com/gegAuAz1oo
— CRYPFLOW (@_Crypflow_) July 25, 2026
The commentary noted that downtrends following price tops eventually break before new rallies begin. Such observations reflect ongoing market interest in Bitcoin’s next major move.
Bitcoin ETFs have done more than drive short-term price appreciation for holders. They built regulated financial infrastructure connecting Wall Street directly to digital asset markets.
This infrastructure lets long-term global capital enter Bitcoin more efficiently than before. Regulatory clarity continues reinforcing institutional confidence in this asset class.
Japan may soon see similar institutional dynamics take hold domestically. Capturing just 0.5% to 1% of Japan’s roughly ¥300 trillion in investment assets could unlock major inflows.
Potential inflows could reach approximately ¥1.5 trillion to ¥3 trillion under this scenario. Wall Street’s ETF playbook may increasingly serve as a global template.
Institutional demand for Bitcoin [BTC] gained momentum as Morgan Stanley’s Bitcoin Trust crossed $400 million in cumulative inflows.
Meanwhile, U.S. Spot Bitcoin ETFs recorded $51.83 billion in cumulative net inflows.
Source: The Wolf Of All Streets/X However, the funds registered approximately $240 million in daily outflows, showing that near-term demand remained uneven. The divergence emerged as Bitcoin traded below the psychological $65,000 level.
This left investors questioning whether institutional demand could provide enough fuel for a recovery.
On-chain indicators suggested that the market may still have room for an upward move.
Source: CoinGlass Are institutions still buying Bitcoin? According to AMBCrypto’s analysis, Bitcoin’s MVRV Z-Score stood at 0.39. The reading suggested that BTC traded relatively close to its Realized Value.
Historically, lower MVRV Z-Score readings have appeared near favorable accumulation periods. However, the metric alone cannot confirm that Bitcoin has reached a market bottom.
Source: CoinGlass At the same time, miners appeared to reduce their selling activity. Miner transfers to exchanges fell to 968 BTC, marking their lowest monthly reading during the observed period.
Lower transfers could reduce immediate selling pressure and give incoming demand greater influence over Bitcoin’s price.
Even so, weaker miner transfers do not guarantee that miners have stopped selling elsewhere. Together, institutional inflows and softer miner transfers could improve Bitcoin’s chances of recovering.
Source: CryptoQuant Bitcoin’s technical setup showed that $65,000 remained a crucial resistance level. The former support zone became resistance during May’s decline, restricting subsequent recovery attempts.
At press time, Bitcoin traded below several unfilled market imbalances.
The largest concentration sat above $65,000, placing that level firmly on traders’ radar.
Markets sometimes revisit such inefficiencies before establishing a new trend. However, those gaps are not guaranteed to close. A decisive move above $65,000 could signal an improving market structure and strengthen the recovery case.
Bitcoin’s Stochastic RSI stood at 31 and approached the conventional oversold region below 20.
Source: TradingView That decline suggested weakening momentum, although an oversold reading would not independently confirm a reversal.
Therefore, ETF demand and reduced miner transfers may support BTC. Price confirmation above $65,000 remains the critical test.
Final Summary Morgan Stanley’s rising inflows showed institutional interest despite broader daily ETF withdrawals. Reduced miner transfers could ease supply pressure, but $65,000 remains Bitcoin’s decisive test.
TLDR: Bitcoin short-term holder capitalization fell to $236.2 billion, approaching its lowest level since mid-2024. Net realized losses deepened as recent buyers sold below cost throughout Bitcoin’s 2026 market decline. Bitcoin must defend $63,800 and $62,400 or risk exposing the next charted downside target at $60,000. Options skew shows near-term fear easing while longer-dated traders retain costly downside protection. Bitcoin’s decline toward $64,000 has intensified losses among recent buyers and placed several closely watched support levels under immediate pressure. On-chain data shows short-term holder market capitalization falling to $236.2 billion, near its lowest reading since mid-2024.
Source: X
Crypto Patel cited CryptoQuant data showing the metric dropping below an important 2024 benchmark for only the second time in the displayed period. At the same time, net realized profit and loss remained negative, confirming that recent buyers increasingly sold below their acquisition prices.
Short-Term Holder Losses Deepen as Capitalization Hits $236.2B The CryptoQuant chart recorded several deep red spikes during the 2026 decline, indicating repeated waves of realized losses among short-term holders. Those readings became more pronounced as Bitcoin moved further from earlier highs and approached the $64,000 region.
Falling short-term holder value and expanding realized losses show that weaker market participants continued exiting positions during the downturn. However, the data does not identify the buyers receiving those coins or prove that selling pressure has ended.
The contraction to $236.2 billion also places the short-term holder segment near a level last seen around mid-2024. That decline reflects a smaller market value for coins controlled by investors with relatively recent entry points.
As losses accumulated, technical support became increasingly important. Ali Charts identified $63,800 as the immediate decision level on the four-hour chart. His analysis placed $67,000 as the recovery objective if that support remains intact.
Keep an eye on Bitcoin $BTC at $63,800.
If this level holds as support, I'm watching for a rebound toward $67,000. But if it breaks, the next downside target sits around $60,000. pic.twitter.com/kAn0hDIEmc
— Ali Charts (@alicharts) July 25, 2026
However, the same chart showed approximately $60,000 as the next downside level should a confirmed break below $63,800 occur.
Bitcoin’s $63,800-$62,400 Zone Defines the Next Downside Test Similarly, Titan’s Ichimoku analysis reinforced the technical pressure. Per the analyst’s chart, BTC closed below the daily Tenkan line, shifting attention toward the Kijun near $62,400. That level now sits beneath the immediate horizontal support identified by Ali Charts.
#Bitcoin
BTC lost its Tenkan 🔴 on the daily close.
Next logical target:
Kijun 🔵 around $62,400, and possibly the lower Kumo boundary if momentum continues.
As flagged in my previous post, price entering the Kumo brings higher volatility ahead, pic.twitter.com/uv8nhztjSt
— Titan (@Washigorira) July 25, 2026
Together, the two studies define a narrow support zone between $63,800 and $62,400. A break beneath both levels would leave $60,000 as the next charted downside target.
The Ichimoku chart also showed BTC moving closer to the Kumo cloud. Titan noted that deeper movement inside the cloud could bring higher volatility, while its lower boundary remained technically relevant.
Meanwhile, options data offered a different but still defensive signal. Glassnode reported that Bitcoin’s one-week 25-delta skew fell near 4%, while three-month and six-month skews remained between 11% and 12%.
Source: Glassnode
The gap shows that immediate downside hedging had eased, while longer-dated protection continued carrying a stronger premium. Traders therefore reduced near-term fear without abandoning protection against risks later in the year.
Consequently, price action at the two support levels remains the clearest available measure of whether the current reset is stabilizing or extending.
Bitcoin now sits between confirmed holder losses and clearly defined technical support. The market’s next measurable test rests at $63,800 and $62,400. Holding those levels preserves the existing structure, while losing them exposes the charted $60,000 target.
A coalition of major financial institutions and Bitcoin-focused firms has formed the Bitcoin Security Consortium, committing substantial resources to bolster the cryptocurrency network’s long-term defenses. Strategy (NASDAQ:MSTR), the company formerly known as MicroStrategy and led by Michael Saylor as executive chairman, is among the nine founding members.
The group also includes Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, and Galaxy.
Together they have pledged a combined $15 million over the next three years to support open-source developers and researchers working on Bitcoin’s security infrastructure.
The consortium’s primary aim is to reinforce the resilience of the Bitcoin network without interfering in its decentralized development process.
Members will independently direct their contributions to engineers and organizations of their choosing, focusing especially on efforts to prepare the system for potential future risks posed by quantum computing.
While large-scale quantum computers capable of breaking current cryptographic standards do not yet exist and are widely estimated to remain years away, the initiative treats post-quantum cryptography as an important long-term priority already being pursued by the technical community.
Phong Le, chief executive officer of Strategy, underscored the motivation behind the effort.
As long-term holders of Bitcoin, the participating organizations have a strong interest in ensuring the network remains secure across generations.
Providing financial support to those performing this specialized work, while also helping clarify public discussions around it, represents a practical form of contribution, he noted.
BlackRock’s global head of digital assets, Robert Mitchnick, similarly highlighted the value of the work done by Bitcoin Core developers.
He expressed satisfaction that his firm and the other members would now supply meaningful additional funding to address the network’s extended security requirements.
Coordination of the consortium’s day-to-day activities will be handled on a volunteer basis by Mike Schmidt, executive director of Brink, a nonprofit that already funds and assists Bitcoin open-source developers.
The structure deliberately mirrors established models in which industry participants support open-source software they rely upon by offering resources and raising awareness, while refraining from controlling the underlying code or development decisions.
Organizers emphasized that the consortium will neither create nor dictate changes to Bitcoin’s protocol, nor take positions on specific technical proposals.
It will not claim to represent Bitcoin or its developers.
Protocol evolution will continue to rest with the global, decentralized community of contributors.
In addition to funding, the group plans to publish and maintain informational materials on Bitcoin’s security posture, updating them as circumstances evolve, and to serve as a reliable reference point for investors, the public, and the media.
The formation of this alliance reflects growing institutional involvement in Bitcoin and a recognition that its security constitutes a shared responsibility.
By channeling resources toward existing technical efforts rather than attempting to centralize control, the consortium seeks to strengthen the open ecosystem that has sustained Bitcoin through previous challenges. Over the coming months, participants intend to expand support for developers while fostering clearer communication about the network’s defensive readiness, including preparations for a possible quantum computing environment.
Bitcoin’s recent slide toward $64,000 has amplified losses among investors with short-term positions and brought key technical support levels into sharp focus. Data from CryptoQuant indicates that Bitcoin short-term holder market capitalization declined to $236.2 billion, reaching its lowest level since mid-2024 and signaling intensified selling pressure from recent buyers.
Short-term holder losses mount as capitalization nears multi-year lowCryptoQuant’s on-chain metrics confirm that net realized profit and loss for Bitcoin holders has remained negative in recent weeks. This pattern reflects sustained selling below cost by those who purchased amid recent volatility, coinciding with repeated spikes in realized losses during the ongoing market retreat.
The steep drop in short-term holder capitalization suggests that market participants with positions opened over the last several months are continuing to exit. Despite these outflows, ownership trends after the sell-off remain unclear based on available blockchain data.
At $236.2 billion, the current value controlled by short-term holders is approaching its lowest level in more than a year. This contraction illustrates diminished purchasing enthusiasm among investors who entered the market in 2025 and 2026.
Technical analysts are paying close attention to several chart levels under pressure. Ali Charts highlighted $63,800 as a crucial decision point on the four-hour time frame, identifying it as immediate support and marking $67,000 as a potential upside target if this level holds.
Price action shows short-term holders realizing losses as Bitcoin approaches $64,000, with market attention focused on the $63,800 support. If support is maintained, recovery toward $67,000 is possible, but a break below could expose $60,000 as the next key level.
Should Bitcoin fail to hold the $63,800 mark, the next major technical target sits at $60,000, escalating the risk of a deeper correction.
Key technical support: $63,800-$62,400 zone outlines next BTC moveFurther technical analysis reinforces the pivotal role of the current support zone. According to Titan, a widely followed market analyst, Bitcoin closed beneath its daily Tenkan line, a short-term trend indicator used in the Ichimoku Cloud system. This shift directs attention toward the Kijun line at $62,400 as the next logical target.
Mini dictionary: Ichimoku Cloud – A technical analysis system combining several indicators, including the Tenkan (conversion line), Kijun (base line), and Kumo cloud, designed to identify support, resistance, and trend direction in financial markets.
With Bitcoin closing below the Tenkan on the daily chart, the Kijun at $62,400 now becomes the immediate focus for further support. Breaching both $63,800 and $62,400 could accelerate downside volatility and point to the lower boundary of the Kumo cloud.
The combined studies from Ali Charts and Titan define a critical zone between $63,800 and $62,400 for immediate market direction. If Bitcoin closes under this range, the $60,000 chart target comes into play.
Options market data adds another layer to the risk landscape. Glassnode reported that Bitcoin’s one-week 25-delta skew retreated to approximately 4%, with the three-month and six-month skews holding between 11% and 12%. This disparity indicates short-term downside hedging has lessened, even as longer-term protection remains expensive for traders hedging against further declines later in the year.
MetricCurrent ValueReference PeriodShort-term holder capital$236.2 billionLowest since mid-2024Key support zones$63,800 / $62,400ImmediateNext downside target$60,000If supports break1-week option skew~4%Recent3-6 month skew11%-12%RecentWhile lingering losses and support tests define the short-term picture, the ability of Bitcoin to stabilize above $63,800 and $62,400 will dictate whether the current selloff is ending or preparing for further extension. Traders and investors continue to monitor these levels as the most immediate measures of shifting market sentiment.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Around $167 million of Poolin's debt comes from IOUs issued after customer withdrawals were frozen during 2022's market crash.
Singapore-based Bitcoin mining company Poolin on July 22 filed for Chapter 11 bankruptcy protection in New Jersey, alongside its US affiliates Lonestar Dream Inc. and Lonestar Taproot LLC. The firm is also looking for court approval for a $52 million sale of its Texas mining properties.
The bankruptcy filing comes nearly four years after Poolin froze customer withdrawals, leaving thousands of wallet users with IOU tokens and turning a mining business failure into a long-running creditor dispute.
Poolin Enters Chapter 11 With $173 Million in Liabilities Court records filed in the US Bankruptcy Court for the District of New Jersey show Poolin listed between 10,001 and 25,000 creditors, with petition assets estimated between $1 million and $10 million.
Chief Restructuring Officer Michael DuFrayne’s declaration placed prepetition obligations at about $173.1 million, with roughly $163.7 million tied to unsecured IOUs issued to Poolin Wallet customers.
The company’s current bankruptcy case is focused on selling its Texas assets rather than rebuilding its mining operations. Lonestar Dream stopped mining and hosting activities at its Pyote and Tarbush sites on July 10, according to the filing documents.
Poolin has entered asset purchase agreements with Thor CALAP LLC for a combined $52 million stalking-horse bid. The offer includes $15 million for the Pyote property and associated power rights and equipment, plus $37 million for Tarbush power rights and equipment. The deal remains subject to competing bids and court approvals.
The company spent more than three months marketing the asset, contacting over 335 potential buyers, including cryptocurrency miners and artificial intelligence and high-performance computing operators. The process resulted in 28 confidentiality agreements, seven letters of intent and three additional expressions of interest.
You may also like: $141M Fundraise to $8 Daily Fees: Movement Labs Files for Bankruptcy How Bitcoin Survived Its Biggest Miner Walkout 3 Key Metrics Show Bitcoin Miners Are Under Mounting Pressure Poolin’s Texas expansion struggled after the company moved mining operations from China as Beijing imposed a ban on mining in the year 2021. It expected to receive up to 600 megawatts of power, but only 100 megawatts were made available. This meant the equipment the firm had bought for its US run ended up being more than was necessary.
Some of that equipment was sold, resulting in a loss of $8.8 million from fiscal year 2023 to 2025. In the end, Lonestar Dream and Lonestar Taproot accumulated about $45.9 million in losses.
The Collapse of Poolin Wallet Remains Central to Creditor Claims Poolin’s financial problems go beyond mining, as back in June 2022, when Bitcoin fell below $20,000, it triggered margin calls from Tether against collateral the firm had pledged through the Poolin Wallet. It then transferred almost all of that collateral to Antalpha and borrowed about $213 million against crypto assets valued at just under $356 million.
However, in September 2022, Poolin Wallet suspended withdrawals and issued around $163.7 million worth of IOU tokens to customers, with about 11,700 wallet users holding balances above $100, according to the filing.
Bitcoin later fell below $16,800 in November 2022, after which Poolin ceased operations, and Antalpha liquidated the collateral. Management estimated that about $260 million was owed to Antalpha against digital assets valued near $265 million at the time.
Poolin was once one of the largest Bitcoin mining pools globally, reaching roughly 14% of the Bitcoin network’s mining share in 2019. However, the company’s remaining value now depends on the Texas asset sale and the outcome of the bankruptcy process.
The court-supervised auction will determine how much creditors recover, and any distribution will depend on competing bids, sale expenses, administrative claims, and approval of the proposed liquidation plan.
Coinbase has unveiled plans to strengthen Bitcoin‘s defenses against the emerging threat of quantum computing, collaborating with leading financial and tech companies to form the Bitcoin Security Consortium. The announcement places renewed focus on long-term preparations for safeguarding digital assets as technology advances.
Coinbase evaluates quantum risk, launches advisory boardCoinbase CEO Brian Armstrong stated that while quantum computing currently poses no immediate threat to Bitcoin, the industry should act proactively to mitigate future risks. He encouraged stakeholders to begin preparations well before fault-tolerant quantum computers become available and potentially capable of cracking existing cryptographic systems.
Earlier this year, Coinbase established its Independent Advisory Board on Quantum Computing and Blockchain to address these risks and provide practical recommendations. The board, consisting of experts from both academia and the blockchain sector, reviewed the resilience of current cryptographic standards.
The advisory board concluded that existing blockchain cryptography must eventually be replaced. It identified the migration process, rather than the redesign of encryption itself, as the most complex challenge, citing the need to coordinate upgrades across decentralized networks with millions of users.
Coinbase’s proprietary key management system, CoreKMS, currently governs the security of about 99.9% of the assets held in custody. Coinbase reported it has begun developing PQ-CoreKMS, a post-quantum version of its platform designed to withstand quantum attacks.
Within the next year, Coinbase plans to implement an automated signing system utilizing secure enclaves, threshold cryptography, and secret-sharing technologies. This infrastructure will support post-quantum signature algorithms once new standards are adopted across blockchains.
Coinbase highlighted that “no one knows when a fault-tolerant quantum computer will emerge,” and said that existing blockchain cryptography must eventually be replaced, emphasizing that coordination and migration present the greatest challenges for decentralized networks.
The company is also auditing its cryptographic systems, ranking the urgency of migration based on factors such as importance, exposure, and technical complexity. Coinbase added that it is closely monitoring Ethereum’s post-quantum roadmap to evaluate the potential impact on Base, its Layer 2 solution.
Mini dictionary: Threshold cryptography is a security technique that splits a cryptographic key into multiple shares, requiring a minimum subset of those shares to perform operations like signing or decrypting, which enhances protection against single points of failure or compromise.
Bitcoin Security Consortium commits funding and resourcesCoinbase, together with BlackRock, Fidelity Digital Assets, Block (formerly Square), Strategy, Anchorage Digital, ARK Invest, Blockstream, and Galaxy, has formed the Bitcoin Security Consortium. This group brings together leaders from the worlds of digital assets, asset management, and blockchain technology. Its mission is to support security-focused initiatives and research geared toward protecting Bitcoin against quantum threats.
The consortium members have collectively pledged $15 million over three years to support developers, researchers, and organizations addressing Bitcoin security challenges. While members will not direct Bitcoin’s development or protocol decisions, the consortium will select projects that receive funding and support.
The consortium also plans to host recurring working sessions, including a gathering with Stanford University this August, aimed at helping Bitcoin Core developers, cryptographers, and researchers discuss migration strategies for a post-quantum world.
Engineers from Coinbase will participate directly in open source initiatives supporting post-quantum proposals such as BIP-360, as well as other migration projects in the Bitcoin ecosystem.
Ongoing industry collaboration and future stepsThe Bitcoin Security Consortium intends to provide regular updates to investors and the public regarding advancements in Bitcoin’s quantum security. Robert Mitchnick, Head of Digital Assets at BlackRock, expressed support for the ongoing work of Bitcoin Core developers and emphasized the long-term value of increased security funding.
Details about individual financial commitments from consortium members have not been released, nor have the first grant recipients been identified. It also remains undetermined whether Galaxy’s $5-million Quantum Spending Plan for signature upgrades, wallet migration, and security audits forms part of the consortium’s $15 million total commitment.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
August has not been kind to Bitcoin [BTC]. Since 2022, each August has seen an average Bitcoin drawdown of 19.38%. If history were to repeat, that would mean BTC could fall to the $51.9k level or even lower.
Popular crypto analyst Ali Martinez demonstrated this fact in a post on X.
Source: Ali Charts on X Coinbase analysts observed that the leading crypto was transitioning from a bear market phase into an accumulation phase. Though the valuation was compressed, the macro backdrop was “hawkish” due to the U.S.-Iran conflict, rising oil prices, and selling from prominent digital asset treasuries.
Record volume of realized losses in this Bitcoin bear market phase Source: Axel Adler Jr. The Bitcoin realized loss metric’s 30-day moving average showed a record loss in February 2026, wrote crypto analyst Axel Adler Jr.
A realized loss peak of $1.37 billion, the highest in the metric’s available history, was 19% higher than the June 2022 cycle peak of $1.15 billion.
With a current reading of $597 million, the realized loss has declined by 56.5%. The cycle low BTC price of $58.5k in late June recorded a profit-to-loss ratio of 0.26. In 2022, this ratio had fallen to 0.13.
Therefore, the realized loss has reached a record high in amplitude, but when considering profit-to-loss, the relative market stress has been less this cycle.
The analyst concluded that it is too early to look at these record realized losses and conclude that the worst of the capitulation is behind us. It would only be clear in hindsight, when a bull run begins and the bear and accumulation phase end without a sharper sell-off.
Bitcoin long-term holder accumulation at six-year high Source: CryptoQuant CryptoQuant analyst Burak Kesmeci used the LTH net position change metric to show that it had reached the highest level in six years. On the 24th of May, 2026, the metric reached 1.29 million BTC/30 days, surpassing the August 2017 record.
Accumulation at such a level from long-term holders was a sign of firm conviction.
The analyst clarified that this fact alone isn’t enough to say that the bull market is back. It is, however, a strong positive sign in a market beleaguered by sellers.
Final Summary Bitcoin has posted losses in August of each of the previous four years, and a similar drop could take prices to $52k. Realized losses reached record highs, but the long-term holder accumulation levels surpassed the August 2017 record.
The United States and Iran are deep in negotiations over an interim ceasefire that would reshape how commercial vessels transit the Strait of Hormuz, one of the most strategically important chokepoints on the planet. The twist that should catch every crypto investor’s attention: Iran has proposed collecting transit tolls in Bitcoin and stablecoins.
The strait handles roughly 20% of global oil shipments. When it gets disrupted, oil prices spike, supply chains scramble, and risk assets, including crypto, start behaving erratically.
What’s on the table A June 2026 memorandum of understanding attempted to extend a fragile truce originally established on April 8, with the goal of reopening the strait for commercial shipping. Under the terms being discussed, Iran would gain more significant management input over vessel transit through the passage, essentially giving Tehran a formal role in controlling traffic through waters it has long claimed strategic authority over.
Iran’s headline proposal is a toll of $1 per barrel for oil-laden tankers passing through the strait. That number sounds modest until you consider the volume. With millions of barrels transiting daily, even a dollar-per-barrel fee adds up to serious revenue.
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Iran doesn’t want that revenue in dollars. The proposed payment mechanism calls for Bitcoin or stablecoins, processed quickly to help Tehran generate income while sidestepping the sanctions regime that has choked its access to traditional financial rails for years.
Oman has been playing mediator in the discussions, pushing for Iran to publicly commit to maintaining open shipping lanes and refraining from attacks on commercial vessels.
The ceasefire that wasn’t President Trump declared in mid-July 2026 that the June ceasefire was effectively “over” following new clashes in the region. He simultaneously called for continued discussions.
The April ceasefire lasted weeks before tensions flared again. The June memorandum was supposed to provide more durable footing, but the cycle repeated.
Every escalation pushes oil prices higher, with disruptions during the ongoing tensions driving prices above $100-$108 per barrel at various points.
Why crypto traders should care The obvious angle here is Iran’s push to collect sovereign-level tolls in cryptocurrency. If implemented, this would represent one of the most significant real-world use cases for crypto in international commerce to date.
Iran has been cut off from SWIFT and most dollar-denominated trade for years. Crypto offers a workaround, and Washington knows it. Any deal that formalizes crypto-denominated tolls would put US negotiators in the awkward position of implicitly endorsing a sanctions bypass mechanism while trying to secure shipping lane stability.
From a pure trading perspective, the correlation between oil price spikes and Bitcoin volatility has been notable throughout this conflict cycle. Recent dips in Bitcoin’s price have coincided with escalations in the Strait of Hormuz situation. Bitcoin has also seen buying interest during peak uncertainty, suggesting some market participants view it as a hedge.
Oil price movements above $100 per barrel have historically triggered immediate reactions in Bitcoin trading volumes. Monitoring political developments around the negotiations, particularly any formal agreement on crypto-denominated tolls, could provide leading indicators for both markets.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Jordi Visser, a veteran of the macrofinance world, stated that the era of rapid 7-8 fold gains in the AI sector has stalled, and claimed that global capital and market dynamics will shift to Bitcoin and digital assets in the next major wave.
In a period where the growth rate of the AI rally has shifted gears due to capital expenditures (capex) and hardware bottlenecks, attention has once again turned to macroeconomic balances and the cryptocurrency market. Speaking on Anthony Pompliano’s show, Jordi Visser, a macro investor with over 30 years of experience and founder of AI Macro Nexus / AI22 Research, argued that the “easy money” era in AI is over and that it’s Bitcoin’s turn in capital rotation.
Jordi Visser pointed out that the aggressive valuations seen in AI infrastructure investments and large language models (LLMs) have reached saturation point. Stating that the high interest rate environment and physical hardware limitations such as chip and memory shortages are putting pressure on company margins, Visser made the following assessment:
“The ‘easy money’ trading model, where massive returns of 7-8 times the initial investment were achieved through AI, has come to an end. This doesn’t mean AI is dead; however, we’ve now entered a period of grueling and rational growth, typically around 30% annually. Capital is now seeking new avenues in terms of risk-return balance.”
Visser noted that giants like Google and Anthropic are burning significant capital trying to build infrastructure, but profitability is delayed due to physical limitations, which he said would drive investors towards alternative macro assets.
Despite trading approximately 50% below its all-time highs, Bitcoin has shown remarkable resilience to recent macroeconomic turmoil, he added.
Sharing his expectations for the second half of the year, Jordi Visser stated that an inevitable integration between artificial intelligence and the cryptocurrency market will occur. He noted that autonomously operating AI agents will utilize cryptocurrency networks as the most suitable infrastructure for micro-payments, data transfers, and property verification, arguing that this will create sustainable organic demand for Bitcoin and leading cryptocurrency networks.
*This is not investment advice.
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Chainlink (LINK) is under pressure after the cryptocurrency slipped below a critical support level, with traders closely monitoring whether the token can regain lost ground. Meanwhile, a fresh round of institutional integrations is strengthening Chainlink’s position in the area of cross-chain solutions, supporting wider blockchain adoption in global finance.
LINK price dips after critical support lossLINK is trading at $8.36, with a 24-hour trading volume of $146.59 million and a market capitalization of $6.25 billion. After breaking below the crucial $8.38 support, the token has struggled to maintain its earlier bullish momentum.
Crypto analyst Crypoto Patel reported that selling pressure increased after the loss of the $8.38 support and a break in LINK’s rising trendline. Market participants are now focused on whether buyers can push LINK back above this level or if the downward trend will persist.
Patel explained that potential downside targets for LINK include $7.87, $7.67, and $7.40, as the price is currently trading below the broken support area.
Recent analysis suggests that opportunities for short positions may arise if LINK moves back above the $8.38–$8.48 range, with a recommended stop-loss at $8.58. However, traders are also watching for any sign of a bullish reversal.
LevelPrice ($)Current Price8.36Key Support (Lost)8.38Downside Targets7.87 / 7.67 / 7.40Short Entry Zone8.38 – 8.48Stop-Loss Level8.58Institutional integration and cross-chain expansionChainlink has recently achieved a new integration with Lombard Finance, a platform known for digital credit strategies, in partnership with market maker Flow Traders. With this collaboration, Chainlink’s technology underpins the “Bitcoin On-Chain Credit Strategy,” enabling institutional-grade BTC.b and LBTC deposits across multiple blockchains.
This development is designed to boost institutional investors’ access to Bitcoin-backed credit opportunities across various networks. The integration underscores the growing interest from financial firms in solutions that bridge traditional markets with decentralized finance.
Lombard Finance aims to use Chainlink’s cross-chain capabilities to attract more institutional clients interested in products centered around Bitcoin.
Mini dictionary: Flow Traders – Flow Traders is a global liquidity provider known for its market-making activities in digital assets and exchange-traded products. Lombard Finance is a decentralized credit platform focused on structured products for institutional clients.
Outlook for LINK and the crypto marketDespite the current bearish outlook, LINK has shown some upward movement in line with recent gains in the broader crypto market. The recent rise in Bitcoin’s price has supported a modest recovery among altcoins, including LINK.
Market observers remain focused on whether buyers can reclaim the $8.38 support level. A sustained move above this threshold could trigger renewed bullish momentum, while failure would likely push LINK toward lower support levels at $7.87, $7.67, and $7.40.
The market is watching for confirmation of a trend reversal or deeper declines, as traders react to both technical and institutional drivers influencing $LINK price action.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
South Korea's pension fund has turned to net buying of KOSPI for the first time this year, taking a heavy position in SK Hynix.
South Korean exchange data shows that pension funds, including the National Pension Service (NPS) — one of the largest institutional investors in South Korea's stock market — have turned net buyers in the Korean stock market for the first time this month. As of July 24, the NPS and other pension funds have net purchased 68.4 billion won (approximately $46.8 million) of KOSPI index constituent stocks in July this year. This marks the first monthly net purchase by pension funds this year after six consecutive months of net selling. In terms of individual stocks, SK Hynix is the most bought stock by pension funds since July, with a net purchase amount of 425.8 billion won. (Jinshi)
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Iran and Oman hold multiple rounds of consultations on the Strait of Hormuz issue.
Iranian Foreign Ministry spokesman Bahaei stated that from the 24th to 25th, Iran and Oman held multiple rounds of deputy foreign minister-level talks in Tehran. On the basis of respecting the sovereign rights of the two coastal states, Iran and Oman, the two sides held in-depth exchanges of views on the common principles and specific operational mechanisms for ensuring safe passage of ships through the Strait of Hormuz. Bahaei noted that the talks were productive and yielded certain progress. The Omani delegation left Tehran on the afternoon of the 25th, but the two sides will continue to maintain consultations at the technical and political levels. In addition, Bahaei said that the current navigation status of ships in the Strait of Hormuz has not changed. (CCTV International News)
8 minutes ago
Changxin Technology will go public tomorrow, with its over-the-counter market valuation reaching 2.76 trillion yuan.
Changxin Technology will list on the STAR Market of the Shanghai Stock Exchange on July 27, with an initial market capitalization of around 580 billion yuan. The IPO is priced at 8.66 yuan per share, and the final online subscription winning rate hit 0.4714%, a new record for STAR Market IPOs. After full exercise of the over-allotment option, total fundraising can reach up to 66.6 billion yuan. According to Hyperinsight monitoring, the price of CXMT (Changxin Memory, with Changxin Technology as its listed entity) Pre-IPO contract on Hyperliquid is currently quoted at $6.087, equivalent to a share price of 41.2 yuan. Calculated based on the total share capital of 66.881 billion shares post-IPO, the on-chain implied market value stands at approximately $407.1 billion, or around 2.76 trillion yuan. Based on this valuation, the subscription cost for a single retail lot of 500 shares is 4,330 yuan, with an estimated market value of 20,600 yuan for 500 shares on the first trading day, translating to a single lot profit of roughly 16,000 yuan. Founded in 2016, Changxin Technology is China’s largest and most technologically advanced integrated DRAM R&D, design and manufacturing enterprise. In Q4 2025, it held a 7.67% global DRAM market share, ranking fourth worldwide and first in China, with ambitions to become the world’s third-largest DRAM supplier. In Q1 2026, the company’s revenue reached 50.8 billion yuan, surging 719% year-on-year; net profit attributable to shareholders hit 24.762 billion yuan, a 1688% year-on-year jump. For the first half of 2026, it forecasts net profit attributable to shareholders of between 50 billion and 57 billion yuan.
8 minutes ago
Elon Musk: China is highly likely to become an AI leader in the future.
Elon Musk stated in an interview with The Economist that China will most likely emerge as an AI leader at some point in the future, and even if the U.S. bans Chinese AI models, it cannot prevent this outcome. (The Paper)
8 minutes ago
Samsung's Lee Jae-yong is reportedly holding discussions with OpenAI on cooperation plans in the AI and semiconductor sectors.
According to South Korean media reports, Samsung Electronics Chairman Lee Jae-yong met with OpenAI founder Sam Altman at OpenAI’s San Francisco headquarters to discuss cooperation in the fields of artificial intelligence and semiconductors. OpenAI announced on the 26th that Lee and Altman held talks at the company’s San Francisco headquarters on the morning of the 25th local time. While OpenAI did not disclose specific discussion contents or topics, industry observers believe the two sides likely communicated about deepening cooperation on AI infrastructure such as high-bandwidth memory (HBM), dynamic random-access memory (DRAM), and advanced wafer foundry. They may also have explored Samsung’s digital transformation plan for rolling out generative AI across its entire business lines. (Jinshi)
8 minutes ago
The Big Short Michael Burry ramps up short positions on stocks including Micron and NVIDIA.
"The 'Big Short' protagonist Michael Burry has disclosed his latest portfolio adjustments, continuing to increase short exposure to semiconductor stocks. Specifically, he added to short positions in Micron Technology (MU), NVIDIA (NVDA), and semiconductor ETF SOXX at prices of $933.86, $210.28, and $535.83 respectively. Additionally, Burry also added to his short position in Caterpillar (CAT) at $893.49. On the long side, he increased holdings in Flutter (FLUT), DraftKings (DKNG), and Molina Healthcare (MOH) at prices of $100.72, $23.07, and $197.02 respectively. Burry’s short positions in Tesla, Palantir, and Nasdaq 100 Index ETF QQQ remained unchanged."
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bitcoin is consolidating just above the $60K region after a volatile first half of 2026 that saw the asset collapse from its January highs near $96K. The recent rebound off the June lows has restored some short-term optimism, but the price is now stalling directly beneath a heavy confluence of moving-average resistance.
Whether this becomes the start of a genuine trend reversal or simply another lower high inside the broader downtrend will likely be decided over the next several sessions.
Bitcoin Price Analysis: The Daily Chart On the daily timeframe, BTC remains capped below both its 100-day and 200-day moving averages, which are converging near the $70K zone and still slope downward. This is a sign that the higher-timeframe trend has not yet flipped bullish.
Since dropping from $96K in January, Bitcoin has carved out a sequence of lower highs, with the April and May recovery stalling around $82K before rolling over into the June and July low near $58K. However, the asset has since printed a series of short-term higher lows relative to the broader structure amid a clear bullish divergence with the RSI, and the market has reclaimed the $64K mark.
A sustained close above the confluence of moving averages and the $74K supply zone would be the first real evidence that the downtrend is losing control, potentially opening the door toward the prior resistance zone near $82K.
On the downside, failure to build on this recovery would put the $60K zone back in focus as the immediate support. A breakdown below that level would expose the major demand region around $54K, which remains the key higher-timeframe floor.
BTC/USDT 4-Hour Chart The 4-hour chart shows a cleaner picture. Bitcoin bottomed inside the $58K-$60K demand zone in late June and has been climbing steadily within a rising wedge pattern, printing higher lows along the lower trendline.
That advance carried price into the $65K–$67K resistance cluster formed by June highs. However, the latest candles show a rejection from this area, with the price breaking the wedge to the downside and slipping back toward $64K.
The RSI has also cooled from overbought territory near 70 down toward the 40 zone, reflecting fading momentum rather than outright bearish pressure. A rebound and reclaim of the recent highs around the $67K zone would support a push toward $72K–$74K, while continued rejection and decline here would validate the rising wedge breakdown and likely send the price back to retest the $58K support area, which, as things stand, is the more probable scenario.
Sentiment Analysis Looking at Bitcoin’s spot average order size, large whale orders have dominated the tape through the entire decline and subsequent recovery since June. This is a marked shift from the retail-heavy order flow seen back in December 2025 near the $90K region.
This metric tracks the size distribution of executed spot orders, distinguishing retail-sized trades from large block orders typically associated with institutional or high-net-worth participants. Persistent big-whale activity through a drawdown generally signals accumulation rather than capitulation, since larger players tend to scale into weakness rather than chase strength.
The continued presence of big whale orders through both the $58K low and the recovery above $64K suggests accumulation has been underway at these depressed levels. If this behavior persists as price approaches the $72K-$74K resistance, it would lend credibility to the case for a deeper structural reversal. A sudden shift back toward retail-dominated flow near resistance, by contrast, would be a caution flag worth watching, and could point to another potential decline in the coming weeks.
Spot Bitcoin ETF‘leri yaklaşık iki haftalık güçlü giriş serisinin ardından sert bir yön değişimi yaşadı. ABD’de işlem gören spot Bitcoin ETF’lerinden son işlem gününde toplam 225,18 milyon dolarlık net çıkış gerçekleşti. Yazının hazırlandığı sırada Bitcoin yaklaşık 65.300 dolar seviyesinde işlem görürken, analistler kurumsal yatırımcıların yükselen ABD Hazine tahvili getirileri nedeniyle daha düşük riskli varlıklara yöneldiğini belirtiyor.
Spot Bitcoin ETF’lerinde Giriş Serisi Sona Erdi Farside Investors verilerine göre, 24 Temmuz tarihinde ABD’de listelenen spot Bitcoin ETF’leri toplam 225,18 milyon dolarlık net çıkış kaydetti. Böylece yaklaşık 1 milyar dolarlık girişin yaşandığı yedi günlük pozitif seri sona ermiş oldu. En büyük çıkış 202,5 milyon dolarla BlackRock’ın iShares Bitcoin Trust (IBIT) fonunda gerçekleşti. BlackRock’ı Bitwise’ın BITB ve Fidelity’nin FBTC fonları takip etti. Günün dikkat çeken tek pozitif gelişmesi ise Morgan Stanley destekli MSBT fonuna yaklaşık 5 milyon dolarlık giriş olmasıydı. Son haftalarda güçlü ETF girişleri Bitcoin fiyatının 67 bin dolara yaklaşmasını desteklerken, son çıkışlar kurumsal yatırımcıların risk iştahında kısa vadeli bir değişime işaret ediyor.
İlginizi Çekebilir: Altın 4 Bin Dolar Direncinde!: Gözler Fed Faiz Kararında!
Bitcoin ETF’lerinden yaşanan çıkışların en önemli nedenlerinden biri, ABD Hazine tahvillerindeki yükselen getiriler olarak gösteriliyor. Gösterge niteliğindeki 10 yıllık ABD Hazine tahvilinin faizi yüzde 4,71 seviyesine yükselerek son 18 ayın en yüksek seviyelerinden birini gördü. Öte yandan 30 yıllık tahvil faizi ise yüzde 5,18’e çıkarak Nisan 2006’dan bu yana en yüksek seviyesine ulaştı. Yüksek tahvil getirileri, özellikle kurumsal yatırımcılar için daha düşük riskle cazip getiri fırsatı sunarken, Bitcoin gibi volatil varlıklardan sermaye çıkışını hızlandırabiliyor.
Jeopolitik Riskler ve Petrol Fiyatları Baskıyı Artırıyor ABD ile İran arasında artan jeopolitik gerilim ve Brent petrol fiyatlarındaki yükseliş de piyasalardaki risk algısını güçlendiren faktörler arasında yer alıyor. Buna ek olarak ABD Başkanı Donald Trump’ın açıkladığı yeni küresel gümrük tarifeleri, ticaret savaşlarının yeniden hızlanabileceği endişelerini artırdı. Bu gelişmeler, enflasyon beklentilerini yükseltirken Fed’in faizleri daha uzun süre yüksek tutabileceği yönündeki beklentileri de güçlendirdi. Yüksek faiz ortamı ise Bitcoin ve diğer riskli varlıklar üzerinde baskı oluşturmaya devam ediyor.
Ekonomist Peter Schiff, ABD’nin hızla büyüyen kamu borcunun yükselen faiz oranlarıyla birlikte sürdürülebilirliğinin zorlaşabileceğini belirtti.
Piyasa uzmanları ayrıca Japonya’nın ABD tahvili satışlarını artırabileceği, Çin’in ise ABD tahvillerindeki payını azaltarak altın rezervlerini büyütmeye devam ettiği görüşünü paylaşıyor. Bu gelişmeler doğrultusunda bazı kurumsal yatırımcıların Bitcoin ETF’lerinden çıkan sermayeyi ABD tahvilleri ve altın gibi güvenli liman varlıklara yönlendirdiği değerlendiriliyor.
Değerlendirme Spot Bitcoin ETF’lerinde görülen 225 milyon doları aşan net çıkış, kurumsal yatırımcıların kısa vadede daha temkinli bir strateji izlediğini gösteriyor. Yükselen ABD tahvil faizleri, jeopolitik riskler ve küresel ekonomik belirsizlikler nedeniyle riskli varlıklardan güvenli limanlara yönelim hız kazanmış durumda. Ancak Bitcoin’in 65 bin dolar seviyesinin üzerinde kalmayı sürdürmesi, uzun vadeli yatırımcı güveninin tamamen kaybolmadığını ortaya koyuyor. Önümüzdeki günlerde Fed’in faiz politikası, tahvil piyasasındaki hareketler ve ETF akışları, Bitcoin fiyatının yönü açısından belirleyici olmaya devam edecek.
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Bitcoin faced renewed selling pressure after being rejected for a second time at the $67,000 level, raising the prospect of heightened short-term downside risk. The leading cryptocurrency has now pulled back toward $64,000, with several key supports now being closely monitored by traders.
Weekly stochastic RSI signals prolonged bottoming phaseBitcoin’s weekly stochastic RSI has entered oversold territory, but analysts warn that this is unlikely to mark an immediate market bottom. According to More Crypto Online, earlier market cycles in 2017-2018 and 2021-2022 also saw the stochastic RSI trend in the lower zone for several months before a definitive low was established.
During those cycles, Bitcoin’s price either moved sideways or continued to decline after the indicator turned oversold, delaying the recovery phase. The current chart comparison indicates that the present bottoming process may stretch into late 2026, with a speculative low projected in the $45,000 to $55,000 range.
“Previous cycles took roughly 12 months to move from the major peak into the final low. The current pattern suggests continued volatility and possible further downside before a sustained recovery emerges,” said More Crypto Online, highlighting the indicator’s limitations in calling exact bottoms.
The stochastic RSI tracks price momentum rather than absolute value and may remain suppressed for extended periods during market consolidations. As a result, its current oversold reading does not guarantee a further decline; price can also consolidate or start to recover while the indicator stays low.
For traders, this setup points to a potentially drawn-out bottoming period. A shift to a more positive outlook would require Bitcoin to establish higher highs and higher lows, followed by a successful defense of major support levels.
Mini dictionary: Stochastic RSI, a technical momentum oscillator that measures the level of the RSI relative to its range over a set period, is often used to identify overbought or oversold market conditions and potential trend reversals.
Sellers remain active at key resistance levelThe $67,000 Point of Control has acted as a significant resistance zone for Bitcoin. Analyst Cryptorphic highlighted that the previous rejection at this level was followed by a 13% drop, underscoring its importance for near-term price action.
The Point of Control is defined as the price area seeing the highest trading volume within a selected range. Bitcoin’s recurring failure to sustain levels above $67,000 implies that sellers continue to dominate in this area.
Maintaining support above key levels is critical. A confirmed breakout above $67,000 could shift momentum and open the path to higher targets, while continued weakness keeps support zones at $62,000, $60,000, and $58,000 in focus for potential downside tests.
For now, the local market structure remains bearish as Bitcoin trades below $67,000. Should negative momentum increase, price could revisit the late-June low near $58,000. The previous decline from $67,000 to that region represented an almost 14% move.
LevelRoleNotes$67,000Point of Control / ResistanceRepeated rejection, key decision point$64,000Current areaRecent retreat zone after rejection$62,000SupportNear-term support level$60,000SupportPotential downside target$58,000SupportLate-June low, previous 14% drop after rejection$45,000-$55,000Cycle low (speculative)Analyst projection for possible broad baseIf buyers can reclaim and maintain momentum above $67,000, the rejection would be invalidated, and the path toward $71,000 and higher could reopen. Until then, the risk of further losses persists.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The author, a medical doctor and health economist, produces content on cryptocurrency markets, blockchain technologies, digital assets, and global finance.As a cryptocurrency writer and investor, he closely follows Bitcoin, altcoins, market trends, macroeconomic developments, token economies, and innovations in the digital asset ecosystem. By combining perspectives from health economics and financial analysis, he evaluates developments in cryptocurrency markets using a clear and data-driven approach.
The US Department State Department has launched a program to “advance diplomatic efforts on digital freedom and freedom of expression” using a Bitcoin (BTC) advocacy organization as a partner.
In a Friday X post, the Bitcoin Policy Institute (BPI) said that it would be a founding partner in the US State Department’s Freedom Tech Excellence Program (FTEP), alongside Palantir Technologies, Anduril Industries and the Victims of Communism Memorial Foundation. According to the organization, the program will allow its employees “to work alongside state department experts and defend digital freedoms around the world.”
“FTEP brings private sector talent to the Department for limited-term assignments to advance diplomatic efforts on key issues including online freedom of expression, privacy-enhancing technologies, countering digital surveillance, and responsible AI governance,” said the State Department.
Source: Bitcoin Policy Institute
Since its creation as a “non-partisan research and advocacy” organization in 2021, the BPI has endorsed attempts to codify US President Donald Trump’s executive order to establish a strategic crypto reserve into law. As of July, lawmakers in the US Congress had not passed legislation to follow Trump’s March 2025 executive order.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
The US Department State Department has launched a program to “advance diplomatic efforts on digital freedom and freedom of expression” using a Bitcoin (BTC) advocacy organization as a partner.
In a Friday X post, the Bitcoin Policy Institute (BPI) said that it would be a founding partner in the US State Department’s Freedom Tech Excellence Program (FTEP), alongside Palantir Technologies, Anduril Industries and the Victims of Communism Memorial Foundation. According to the organization, the program will allow its employees “to work alongside state department experts and defend digital freedoms around the world.”
“FTEP brings private sector talent to the Department for limited-term assignments to advance diplomatic efforts on key issues including online freedom of expression, privacy-enhancing technologies, countering digital surveillance, and responsible AI governance,” said the State Department.
Source: Bitcoin Policy Institute
Since its creation as a “non-partisan research and advocacy” organization in 2021, the BPI has endorsed attempts to codify US President Donald Trump’s executive order to establish a strategic crypto reserve into law. As of July, lawmakers in the US Congress had not passed legislation to follow Trump’s March 2025 executive order.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Alex Thorn, head of firmwide research at Galaxy Research, analyzed Strategy’s newly announced Digital Credit Capital Framework as the company seeks solutions for its capital-structure issues amid sizable unrealized losses on its Bitcoin holdings.
Strategy’s capital move: What’s changing?Strategy, listed on Nasdaq under the ticker MSTR, recently filed an 8-K revealing its Digital Credit Capital Framework. The company, which is well known for its significant Bitcoin reserves totaling 847,363 BTC, faces unrealized losses reported to be approximately $14 billion.
According to the regulatory filing, the framework now allows Strategy to sell up to $1.25 billion worth of Bitcoin. It also officially institutes a USD reserve policy, updates dividend terms for STRC preferred shares, and authorizes individual $1 billion share repurchase programs for both preferred stock and MSTR common shares.
The board allocated $2.55 billion of cash reserves, limiting these funds strictly to paying preferred dividends and servicing debt interest. At the company’s current annual outflows of about $1.76 billion, this reserve would cover roughly 17 months. A full $1.25 billion Bitcoin sale would extend total liquidity to around $3.8 billion, supporting about 26 months of obligations.
In May, Strategy executed its first-ever Bitcoin sale, liquidating 32 BTC for around $2.5 million to fund a dividend payment.
JPMorgan has advised Strategy to focus on raising capital by selling shares rather than liquidating its Bitcoin holdings. Alex Thorn at Galaxy Research said the core question is whether these new measures genuinely fix the company’s capital-structure risks, or merely push them into the future.
Strategy’s leadership, including Chairman Michael Saylor, considers the overhaul essential for financial resilience, with Saylor emphasizing, “digital credit requires liquidity, discipline, and active capital management.”
Mini dictionary: Strategy (MSTR): Strategy is a publicly traded company known for its large-scale Bitcoin investments and active role in digital asset capital management.
Market reaction and investor outlookInvestor interest in the new framework was reflected in the stock market. MSTR shares rose 12.6% to $92.68 on the Monday after the announcement, then climbed past $100 by Wednesday. This represented a 27% gain from the previous Friday’s closing price. STRC preferred shares also moved higher, ending at $87.87 on July 3.
AssetPre-announcement pricePost-announcement price% ChangeMSTR Common Shares$78.62$100++27%STRC Preferred SharesNot stated$87.87N/ABenchmark Equity Research reaffirmed its positive stance by maintaining a Buy rating for MSTR and setting a price target of $570 for the stock.
Benchmark Equity Research views the framework favorably and kept its Buy rating in place, citing enhanced financial flexibility for Strategy.
Other players: Strive and SATAStrive, another company aiming to build a capital structure backed by Bitcoin, cautioned investors this week against assuming it would issue new SATA preferred shares at the $100 par value due to market volatility.
Jeff Walton, Strive’s chief risk officer, reported that the short interest in SATA shares rose by 1 million in the 30 days ending June 30, while the annualized borrowing cost for the shares jumped from 6.1% to 68.6% during the same period.
Mini dictionary: SATA preferred shares: These represent specialized stock issued by Strive, offering fixed dividends and priority over common shares, but may be affected by short-selling and market dynamics.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Houthi rebels claimed responsibility for striking two Saudi oil tankers in the Red Sea on July 22, marking the first direct attacks on Saudi oil infrastructure since the dramatic 2019 drone assault that temporarily cut the kingdom’s production in half. Brent crude responded exactly how you’d expect: it surged more than 7%, blowing past $100 per barrel for the first time since those 2019 attacks.
The targeted vessels, the Encelia and the Layla, were transiting the Red Sea when they were hit. Houthi military spokesperson Yahya Saree said the tankers were struck for violating a naval embargo.
The geopolitical backdrop is getting worse, not better On July 16, Houthi leader Abdul Malik al-Houthi publicly threatened Saudi oil facilities, giving the market about a week’s warning that something ugly might be coming. The attacks followed the breakdown of a four-year truce between the Houthis and Saudi Arabia.
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The Houthis, an Iran-aligned movement controlling much of northern Yemen, have been locked in a prolonged conflict with the Saudi-led coalition for years. Roughly 4.5 million barrels of oil pass through the Bab el-Mandeb Strait daily, making it a pressure point that can send shockwaves through global energy markets with a single well-placed strike.
Goldman Sachs has already weighed in, suggesting prices could exceed $120 per barrel if supply disruptions continue.
The crypto angle is more nuanced than “Bitcoin goes up” Bitcoin held steady in the $63,000 to $65,000 range following the attacks.
In 2025, the US Treasury sanctioned Houthi-linked cryptocurrency wallets that had received approximately $900 million in USDT. That’s not a rounding error. It’s nearly a billion dollars in stablecoin flows tied to a designated militant group, and it underscores a tension that the crypto industry has never fully resolved: the same permissionless infrastructure that makes digital assets attractive to legitimate users also makes them useful to sanctioned entities operating outside the traditional banking system.
What this means for investors The sanctions angle is worth monitoring closely. The $900 million in USDT flows to Houthi-linked wallets gives regulators fresh ammunition to push for stricter stablecoin oversight, particularly around Know Your Customer requirements for large transfers. If another round of attacks triggers another round of sanctions, expect USDT issuer Tether to face renewed scrutiny about its compliance infrastructure.
The 2019 Abqaiq attacks spiked oil prices by roughly 15% in a single day before the market calmed down within weeks. The question now is whether the current geopolitical environment, with a broken truce, an emboldened Houthi leadership, and broader Iranian-backed proxy activity across the region, allows for that same rapid normalization.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Spot Bitcoin ETF Outflows Rose as CLARITY Act Odds FellBitcoin price retreated for the fourth consecutive day as American investors sold their ETF holdings for two straight days. Data shows that Bitcoin ETFs lost over $240 million in assets on Friday after losing $225 million a day earlier.
As a result, the net weekly inflow was $33 million, lower than the previous week’s $75 million. BlackRock’s IBIT ETF lost over $212 million on Friday, while Fidelity’s FBTC shed over $27 million.
Falling Bitcoin ETF inflows normally send a signal that demand among American institutional investors is falling.
The selling coincided with several major events. For one, there are doubts on whether the Senate will pass the CLARITY Act. While the most important sections have bipartisan support, Democrats and consumer watchdog groups have opposed it.
They argue that the current provisions will not bar President Donald Trump and his family members from issuing tokens. Recent disclosures showed that Trump pocketed over $1.4 billion in crypto profits last year, even as most supporters lost billions.
Odds of the CLARITY Act being signed into law have dropped to just 35% on Polymarket. Earlier this year, these odds were 75%.
Polymarket odds of CLARITY Act being signed into law | Source: Polymarket
The CLARITY Act aims to change how the crypto industry is regulated by giving the more lenient CFTC more power than the SEC. It also sets rules for stablecoin rewards and how digital assets are classified.
Bitcoin’s weakness also coincided with the rising odds that the Federal Reserve will hike interest rates amid the ongoing US-Iran war. Odds of a rate hike happening this year have jumped to over 70%. In most cases, Bitcoin and other risky assets underperform the market in a high interest rate environment.
Bitcoin Price Dropped After Hitting a Key ResistanceTechnicals show that BTC price retreated after hitting the crucial resistance level of $67,018, its highest level on June 15. That is a sign that it formed a double-top pattern, a common reversal sign.
The coin also found resistance at the 100-day Exponential Moving Average (EMA). It also moved below the Supertrend indicator.
Therefore, the coin will likely remain under pressure as long as it is below the resistance level of $67,018. A move above that price will point to more gains, potentially to the psychological level of $70,000.
Image: Shutterstock
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President Donald Trump said he is considering resuming full-scale military operations against Iran if his demands are not met.
Bitcoin dropped over 3% in July on reports of ceasefire breakdowns and renewed strikes.
From ceasefire to ‘finish the job’ The 2026 Iran war kicked off with US-Israeli strikes in late February. An informal ceasefire and a series of understandings followed, giving markets a breather and letting Bitcoin claw back losses through the spring months.
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That ceasefire collapsed by early July. Renewed violence in the Strait of Hormuz reignited hostilities. US combat fatalities and Iranian retaliations have kept the military exchanges going into mid-July.
Now Trump is talking to defense officials about targeting Iranian nuclear sites and military infrastructure. The phrase reportedly being used in those conversations is “finish the job.”
Crypto gets caught in the sanctions crossfire In June 2026, the US Treasury sanctioned Nobitex, Iran’s largest digital asset exchange, along with three other Iranian digital asset channels. The stated reason: sanctions evasion. This effort is part of a campaign the administration has dubbed “Economic Fury.”
Bitcoin’s geopolitical mood swings Bitcoin dropped over 3% when the ceasefire fell apart and strikes resumed in July. When de-escalation signals emerged earlier in the spring, prices rebounded meaningfully.
Polymarket hosted a $120 million market related to a potential permanent peace deal in Iran, with odds shifting based on Trump’s public comments.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
BTC is marginally up since the news went live, but the actual volatility has historically taken place on Monday morning.
Following a few weeks of escalations, new threats, and strikes, United States President Donald Trump has reportedly ordered its military to stand down instead of carrying out the planned attacks for tonight.
The crypto focus is back on bitcoin, which has typically shown a positive reaction to similar developments. However, the actual impact might be felt after at least 24 hours.
As reported by Axios, the reason for tonight’s withdrawal from new military action is the recently resumed talks on the Strait of Hormuz.
Large media sites suggested yesterday that Oman has initiated talks with Iran to reopen the key Strait, and some sources claimed that major progress has been made over the past day. It appears Trump wants to see how it resolves before deciding whether or not the US will continue with its attacks.
BREAKING: President Trump ordered the US Military to not carry out planned strikes on Iran Friday night, despite previously approving the strikes, per Axios.
This came just hours after talks mediated by Oman over reopening the Strait of Hormuz reportedly resumed.
— The Kobeissi Letter (@KobeissiLetter) July 25, 2026
The primary cryptocurrency is prone to reacting to any sort of news on the war front. Renewed attacks typically lead to price corrections, while the reemergence of hope for a deal, ceasefire, or even more permanent peace, have resulted in major rallies.
The tricky part is the timing. Aside from the initial shock when the war started in late February, the asset has remained relatively stable when the new developments took place over the weekend. Instead, its actual fluctuations in either direction transpire on Monday morning when most traditional financial markets start to open.
You may also like: Here’s Why Bitcoin Dipped Below $64K Today Dem Senator Slams GOP’s CLARITY Ethics Proposal as ‘Not a Serious Effort’: Report Bitcoin’s Sharpe Ratio Signals an ‘Optimal’ Spot Accumulation Window Consequently, even though it has defended the $64,000 support now, which many analysts believe is key for its next big move, the bigger reaction is likely to take place in 36 hours.
Kuwait is pushing back hard against a Wall Street Journal report claiming it participated in secret airstrikes against Iranian military targets. Kuwait’s ambassador to the US, Al-Zain Al-Sabah, denied any involvement in military operations against Iran, stating that Kuwait neither carried out such actions nor allowed its territory to be used as a launchpad against neighboring states.
The denial came just hours after the WSJ published its report alleging that both Bahrain and Kuwait conducted airstrikes on Iranian targets in early July 2026.
What we actually know Neither Bahrain nor Kuwait has publicly acknowledged the alleged strikes. Spokespeople from both countries did not provide comments to the Wall Street Journal following publication. So we’re left with a major US newspaper reporting one thing and a Gulf state ambassador categorically denying it, with no third-party confirmation to break the tie.
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Kuwait faced several Iranian drone and missile attacks earlier in 2026, which raised serious questions about its defense posture in the Persian Gulf.
The reported strikes, if they occurred, would mark an unusual instance of direct military action by Gulf states against Iran. Historically, Gulf countries have preferred to operate through coalitions or with explicit US backing rather than conducting independent offensive operations.
Why crypto traders should care about Persian Gulf airstrikes Gulf conflict developments have been directly linked to fluctuations in Bitcoin prices this year, with escalations triggering significant leverage liquidations across major exchanges.
The mechanism isn’t complicated. Persian Gulf tensions threaten oil supply chains, which creates uncertainty in energy markets, which shifts global risk sentiment, which sends leveraged crypto positions into liquidation cascades.
The broader macro picture for investors Energy market disruptions remain the primary transmission mechanism to crypto. Oil supply chain uncertainty historically correlates with volatility spikes across risk assets, and Bitcoin has increasingly behaved like a high-beta risk asset during acute geopolitical stress.
What makes this particularly tricky is that the confirmation or debunking of the WSJ report could each produce violent market reactions in opposite directions. Confirmation would likely trigger a risk-off move as traders price in further escalation. A credible debunking might produce a relief rally.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The honeymoon is officially over for spot Bitcoin ETFs. After a record-breaking debut in January 2024 and two years of near-uninterrupted capital inflows, the products have hit a wall in 2026, with net flows turning negative for the majority of the year so far.
The numbers tell an uncomfortable story US spot Bitcoin ETFs recorded $5.4 billion in net outflows during the first half of 2026, marking the first negative half-year since the products launched.
To put that in context: these same funds had accumulated $56.6 billion in cumulative net inflows over their first two years of existence.
June 2026 was particularly rough. The month produced roughly $4.5 billion in outflows, the largest single-month exit on record for spot Bitcoin ETFs.
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BlackRock’s IBIT was a significant contributor to the selling. In one reported week alone, IBIT saw $1.34 billion in redemptions.
By mid-July, year-to-date net flows had crossed into negative territory for the first time. There were occasional bright spots: a three-day stretch produced a $510 million rebound. But brief recoveries have not been enough to reverse the broader trend that has defined the year.
Why the money is leaving The most straightforward explanation is Bitcoin’s own price performance. ETF wrappers made it easier than ever to buy Bitcoin exposure, and that convenience works in both directions.
The second factor is competition from AI-related assets. Capital rotation is a real phenomenon, and the narrative around artificial intelligence has been loud enough in 2026 to pull institutional dollars away from crypto.
What this means for Bitcoin markets and investors Second, the outflow trend from IBIT specifically is worth watching. BlackRock’s fund became the dominant venue for institutional Bitcoin exposure in a remarkably short time. When the largest player in a product category starts seeing consistent redemptions, it tends to get noticed by other institutional allocators who benchmark against each other.
Third, the $56.6 billion in cumulative inflows that built up over 2024 and 2025 represents a large pool of capital sitting at various cost basis levels. Some of that capital is profitable and may be taking gains. Some may be underwater and holding on.
A $5.4 billion outflow in a half-year is significant, but it lands against a backdrop of $56.6 billion in prior inflows. The question worth asking is not whether the outflows are large in absolute terms, because they are, but whether they represent a temporary correction in enthusiasm or a more durable structural shift in how institutions want to hold Bitcoin.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Israeli Prime Minister Benjamin Netanyahu is heading to the White House armed with fresh intelligence on Iran’s nuclear program, setting the stage for a meeting with President Donald Trump that could reshape the geopolitical landscape, and with it, the trajectory of risk assets including Bitcoin.
Israeli officials aren’t exactly optimistic about diplomacy. The prevailing view from Jerusalem is that a US-Iran agreement remains unlikely, particularly after a year defined by military confrontations, paused negotiations, and regional tension.
What happened in June, and why it matters now In June 2026, renewed hostilities between Israel and Iran sent Bitcoin sliding into the $63,000 to $70,000 range. Oil prices jumped over 3% during the same stretch.
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Bitcoin has increasingly behaved like a high-beta risk asset during geopolitical shocks, not a safe haven. Traders who thought they were insulated from old-world geopolitics learned otherwise.
The intelligence briefing and its implications The specifics of Netanyahu’s new intelligence on Iran’s nuclear efforts remain undisclosed as of July 25, 2026.
Trump has reportedly urged Netanyahu to exercise restraint in response to ongoing provocations.
What crypto investors should actually watch The Strait of Hormuz remains the critical variable. Roughly 20% of global oil passes through that narrow waterway.
Prediction markets like Polymarket have already begun pricing Netanyahu-related event probabilities, suggesting that sophisticated traders are treating this as a quantifiable geopolitical risk.
Bitcoin’s behavior during the June selloff offers a useful framework. The drop to the $63,000 to $70,000 range happened fast. Traders who were leveraged long got caught.
There has been minimal coverage of Iran-specific or sanctions-related tokens in connection with this narrative. Investors aren’t looking for niche plays tied to Iranian sanctions evasion or geopolitical speculation. They’re treating Bitcoin itself as the proxy for broader market risk associated with Middle Eastern instability.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Crypto influencer and trader Carl Runefelt, known as "The Moon," said he sold two Ferraris worth a combined $2.5 million to increase his exposure to Bitcoin (CRYPTO: BTC).
Historically Significant Support ZonesIn a podcast on Friday, trader Runefelt argued that Bitcoin is approaching one of its most historically significant support zones.
He pointed to the 200-week moving average, a long-term technical indicator that has previously coincided with major market bottoms.
Runefelt said he views BTC’s current decline as a rare accumulation opportunity.
The average reflects Bitcoin’s average price over approximately four years, broadly aligning with the cryptocurrency’s halving cycle.
Rather than entering his entire position at one price, Runefelt said he places several limit orders throughout the support zone to build an average entry.
Why He Is Avoiding High LeverageRunefelt cautioned against using significant leverage around long-term technical levels because Bitcoin can briefly fall below widely watched support before reversing.
Sharp declines can trigger stop-loss orders and liquidations positioned beneath the moving average, wiping out leveraged traders immediately before a potential rebound.
Runefelt claimed he currently has more than $2.5 million in Bitcoin positions open on MEXC, in addition to another profitable position on Bybit.
Bitcoin’s History Around The 200-Week AverageRunefelt cited several previous occasions when Bitcoin traded near or below its 200-week moving average before beginning major rallies.
"Historically, each of these touches has marked a bottom right before the next parabolic rally," he said.
Photo: William’s photo / Shutterstock.com
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US spot Bitcoin exchange-traded funds (ETFs) recorded a total trading volume of $8.05 billion over the past full week, marking the lowest five-day total since October 2024.
Bitcoin ETF inflows slow as volatility dropsETF volume for the week was down 14% compared to $9.37 billion in the previous week, according to SoSoValue data. While April 2025 saw a lower weekly volume for the funds, that period spanned only four trading sessions due to market holidays. Among weeks with a full five sessions, this recent period ranks as the slowest since mid-October 2024.
Throughout the week, Bitcoin’s price hovered near $64,000, significantly below its peak late last year. Minimal price movements contributed to reduced trading activity, leaving fewer opportunities for short-term traders.
Spot Bitcoin ETFs posted net inflows of $33.8 million for the week, their third consecutive week of inflows following an earlier streak of eight weeks of outflows that ended in early July. However, the latest figure represents a slowdown compared to $75.7 million the previous week and $197.4 million two weeks ago.
A sharp turnaround occurred midweek: net inflows had reached $499.1 million by Wednesday, but large-scale outflows followed with $225.2 million exiting on Thursday and another $240.1 million on Friday. These outflows erased most of the gains accumulated earlier in the week.
BlackRock’s IBIT, the largest Bitcoin ETF by assets, registered $414.7 million in outflows on Thursday and Friday alone and ended the week down approximately $95.5 million. The ARK 21Shares Bitcoin ETF and Grayscale’s Bitcoin Mini Trust partially offset these withdrawals, attracting $85.8 million and $78.1 million, respectively.
Mini dictionary: SoSoValue, an analytics platform, provides detailed real-time tracking and reporting for digital asset investment products, including ETF flow and volume data.
Inflows to US spot Bitcoin ETFs reached $499.1 million by Wednesday, but heavy withdrawals on Thursday and Friday erased most of those gains, resulting in only $33.8 million in net inflows for the week.
Ether ETFs see stronger inflows and outperform Bitcoin productsSpot Ether ETFs brought in $103.9 million in new funds during the past week, more than triple the Bitcoin ETF net inflows. This marks the third straight week of positive inflows for Ether ETFs, during which they have surpassed Bitcoin ETFs for two consecutive weeks. In the previous week, Ether funds attracted $105.4 million while Bitcoin drew $75.7 million.
At the end of the week, Ether ETFs managed $10.17 billion in net assets, roughly one-eighth of the $77.82 billion held by Bitcoin ETFs. Over the last three weeks, both groups have seen similar cumulative inflows, with Ether ETFs adding $293.8 million and Bitcoin $306.9 million.
BlackRock’s iShares Ethereum Trust accounted for the majority of Ether ETF inflows, taking in $96.3 million. Grayscale’s Ethereum Mini Trust followed at $9.9 million in net inflows. Fidelity’s FETH, however, recorded $6.2 million in outflows. Ether ETF trading volume reached $2.78 billion, about 35% of Bitcoin ETF trading volumes.
Fund TypeWeekly Net InflowsTotal Net AssetsTrading VolumeBitcoin ETFs$33.8 million$77.82 billion$8.05 billionEther ETFs$103.9 million$10.17 billion$2.78 billion Spot Ether ETFs attracted $103.9 million in weekly inflows, outperforming their Bitcoin counterparts for a second consecutive week.
Outflows still weigh on year-to-date performanceDespite signs of renewed interest in July, the inflows have not offset earlier losses. Since January, Bitcoin ETFs remain down $5.23 billion, maintaining a negative trend for capital movement this year. Ether ETFs are down by about $1.15 billion over the same period despite recent gains.
In July, Ether led the revival, posting $337.7 million in inflows compared to Bitcoin’s $234 million. On July 11, both ETF types broke their eight-week outflow streaks, adding $281.8 million combined, though this was only a partial recovery from the $9.46 billion in outflows recorded over the preceding two months.
Bitcoin ETFs had previously ended a 13-day withdrawal streak on June 5 after redeeming more than $4.4 billion since mid-May. Ether ETFs also halted a 17-day period of declines on that date.
Data from CoinShares shows institutional investors reduced their Bitcoin exposure by 17% during the first quarter, reflecting a broader reassessment of crypto asset allocations. On June 5, $326 million was withdrawn from Bitcoin ETFs, including $214 million in outflows from BlackRock’s IBIT, underscoring ongoing volatility in investor sentiment.
As of early Saturday, Bitcoin traded at approximately $64,368, while Ether changed hands near $1,875, based on aggregated pricing from CoinGecko.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
