8 July 11, $BTC Market Overview Analysis
😇 News:
Strategy Deleveraging: The company disclosed that it sold 1,690 BTC between August 3 and September 9, raising approximately $108.6 million, which was used to repurchase STRC preferred shares. Its holdings have now decreased to about 840,447 BTC. This is one of several small-scale sell-offs this year. Market interpretation is that it’s short-term liquidity management, but it also intensifies short-term selling pressure sentiment.
Regulation and Macros: The CLARITY Act has been confirmed to be postponed to September, with limited impact. The market is focused on this week’s U.S. July CPI, which will determine the Federal Reserve’s subsequent rate-hike / pause expectations.
😇 Flows:
ETF Continues to Inflow: On August 10, U.S. spot Bitcoin ETFs recorded net inflows of about 1,731 BTC. Over the prior week, cumulative net inflows were about $850 million, the best single-week performance since mid-April. BlackRock’s IBIT led the way. Institutional buying continues to provide bottom support.
Liquidations and Leverage: As the price pulled back, during the 24-hour period, long liquidations exceeded $47 million, while shorts were about $12 million, indicating longs’ leverage was being flushed out.
Derivatives Funding Rates: Overall neutral to slightly positive. Open interest has not increased significantly, and the market remains relatively cautious.
😇 Technicals:
Upward momentum is weakening; a breakout/breakdown may occur these few days. Intraday, watch whether 64,500 can hold steady. If it can’t, you need to pay attention to risks. Personally, I still think this level is likely to move downward. The weekly long/short boundary line is at 65500 $BTC
😇 News:
Strategy Deleveraging: The company disclosed that it sold 1,690 BTC between August 3 and September 9, raising approximately $108.6 million, which was used to repurchase STRC preferred shares. Its holdings have now decreased to about 840,447 BTC. This is one of several small-scale sell-offs this year. Market interpretation is that it’s short-term liquidity management, but it also intensifies short-term selling pressure sentiment.
Regulation and Macros: The CLARITY Act has been confirmed to be postponed to September, with limited impact. The market is focused on this week’s U.S. July CPI, which will determine the Federal Reserve’s subsequent rate-hike / pause expectations.
😇 Flows:
ETF Continues to Inflow: On August 10, U.S. spot Bitcoin ETFs recorded net inflows of about 1,731 BTC. Over the prior week, cumulative net inflows were about $850 million, the best single-week performance since mid-April. BlackRock’s IBIT led the way. Institutional buying continues to provide bottom support.
Liquidations and Leverage: As the price pulled back, during the 24-hour period, long liquidations exceeded $47 million, while shorts were about $12 million, indicating longs’ leverage was being flushed out.
Derivatives Funding Rates: Overall neutral to slightly positive. Open interest has not increased significantly, and the market remains relatively cautious.
😇 Technicals:
Upward momentum is weakening; a breakout/breakdown may occur these few days. Intraday, watch whether 64,500 can hold steady. If it can’t, you need to pay attention to risks. Personally, I still think this level is likely to move downward. The weekly long/short boundary line is at 65500 $BTC