2026.08.07 Chanlun Community Web3 Afternoon News 💥
1. Bitcoin continues to consolidate around $64,000, with a total market cap of about $2.19 trillion
Commentary: Price action is at a critical point for the small cycle; if the market rebounds, a drop below $64,000 could be used for a stop-loss after the tactical battle.
2. The central bank (PBoC) has increased gold holdings for the 21st consecutive month
Commentary: Gold’s strength cannot be separated from support from the central bank.
3. Total liquidations across the whole network: $234 million — long positions $108 million, short positions $126 million
Commentary: Long and short are relatively balanced, and market disagreement is clear.
4. Fear & Greed Index rises to 29: moves away from “Extreme Fear”
Commentary: It’s still in the “Fear” zone, and restoring confidence will take time.
5. Spot Bitcoin ETF net inflow of $620 million
Commentary: After the Coldcard hacker incident, funds accelerated from self-custody into regulated products.
6. BlackRock’s IBIT and Fidelity’s FBTC continue to pull in inflows
Commentary: After the Coldcard vulnerability was exposed, top ETFs became the biggest beneficiaries.
7. Mining firm Canaan sells $130 million worth of BTC to repurchase shares
Commentary: Listed miners’ ongoing sell-offs increase pressure on market supply.
8. The Coldcard hacker who stole 2,055 BTC becomes active again, transferring 30.18 BTC
Commentary: This hacker, acting alone, managed to shake the entire market.
9. The CLARITY Act may help Trump save millions in taxes
Commentary: Whether the bill can pass before the August recess remains uncertain.
10. On the first day after deregulation, SpaceX didn’t scare away capital; meanwhile, the long-side whale added $12.5 million
Commentary: Because it was bought again within thirty minutes.
11. The White House announced it will cut “unnecessary” regulation in the crypto space
Commentary: The executive branch is sending a friendly signal, but it contrasts sharply with the legislative deadlock in Congress.
12. Michael Saylor: Bitcoin doesn’t need the CLARITY Act—rather, the U.S. needs it
Commentary: The U.S. Senate has postponed the vote on the CLARITY Act to September.
13. After 10 months of inactivity, OG’s mega whale moved 50 BTC
Commentary: When ancient whales become active, it often draws market attention to potential sell-pressure.
14. Robinhood Chain DEX trading volume drops 72.5%
Commentary: After the hype fades, trading volume returns to rationality.
15. Expectations for Fed rate cuts continue to cool
Commentary: High interest rates remain the biggest macro negative for crypto assets.
$BTC
1. Bitcoin continues to consolidate around $64,000, with a total market cap of about $2.19 trillion
Commentary: Price action is at a critical point for the small cycle; if the market rebounds, a drop below $64,000 could be used for a stop-loss after the tactical battle.
2. The central bank (PBoC) has increased gold holdings for the 21st consecutive month
Commentary: Gold’s strength cannot be separated from support from the central bank.
3. Total liquidations across the whole network: $234 million — long positions $108 million, short positions $126 million
Commentary: Long and short are relatively balanced, and market disagreement is clear.
4. Fear & Greed Index rises to 29: moves away from “Extreme Fear”
Commentary: It’s still in the “Fear” zone, and restoring confidence will take time.
5. Spot Bitcoin ETF net inflow of $620 million
Commentary: After the Coldcard hacker incident, funds accelerated from self-custody into regulated products.
6. BlackRock’s IBIT and Fidelity’s FBTC continue to pull in inflows
Commentary: After the Coldcard vulnerability was exposed, top ETFs became the biggest beneficiaries.
7. Mining firm Canaan sells $130 million worth of BTC to repurchase shares
Commentary: Listed miners’ ongoing sell-offs increase pressure on market supply.
8. The Coldcard hacker who stole 2,055 BTC becomes active again, transferring 30.18 BTC
Commentary: This hacker, acting alone, managed to shake the entire market.
9. The CLARITY Act may help Trump save millions in taxes
Commentary: Whether the bill can pass before the August recess remains uncertain.
10. On the first day after deregulation, SpaceX didn’t scare away capital; meanwhile, the long-side whale added $12.5 million
Commentary: Because it was bought again within thirty minutes.
11. The White House announced it will cut “unnecessary” regulation in the crypto space
Commentary: The executive branch is sending a friendly signal, but it contrasts sharply with the legislative deadlock in Congress.
12. Michael Saylor: Bitcoin doesn’t need the CLARITY Act—rather, the U.S. needs it
Commentary: The U.S. Senate has postponed the vote on the CLARITY Act to September.
13. After 10 months of inactivity, OG’s mega whale moved 50 BTC
Commentary: When ancient whales become active, it often draws market attention to potential sell-pressure.
14. Robinhood Chain DEX trading volume drops 72.5%
Commentary: After the hype fades, trading volume returns to rationality.
15. Expectations for Fed rate cuts continue to cool
Commentary: High interest rates remain the biggest macro negative for crypto assets.
$BTC