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KOR Protocol completes $7.5 million Series A funding: On-chain creative asset clearinghouse for the AI era 📍 Event background On July 7, 2026, KOR Protocol announced the successful completion of a $7.5 million Series A round, with a post-investment valuation of $100 million. The round was co-led by 1kx and Blockchain Capital, with participation from Republic Crypto, Sfermion, Animoca Brands, Solana, Avalanche, Alumni Ventures, SevenX, and other well-known institutions. This financing round signals that the on-chain intellectual property (IP) infrastructure track is gaining recognition from mainstream crypto capital. KOR Protocol positions itself as an "AI-era creative asset clearinghouse" and is built on top of Coinbase’s Base Layer 2. Its core vision is to address an increasingly sharp contradiction: AI dramatically lowers the cost of content creation, but creators still face unprecedented difficulty in being discovered, distributed, and earning revenue. 📋 Core content breakdown 1. Funding size and valuation: $7.5 million Series A; $100 million post-investment valuation. Investor lineup includes crypto-native funds (1kx, Blockchain Capital), entertainment industry capital (Animoca Brands), and public-chain ecosystem funds (Solana, Avalanche). 2. Three-layer architecture of the platform’s core functions: - Production layer: Establish on-chain provenance for creative works, validate authenticity, confirm ownership, and handle licensing clearing - Distribution layer: Use AI intelligent matching to precisely connect creators, content, and demand-side parties such as record labels, agencies, brands, MCNs, platforms, and more - Monetization layer: Support programmable payments, royalty distribution, and license fee settlement to enable faster and more transparent value circulation 3. Existing ecosystem data: Over 1 million lifetime registered users, 400k+ connected wallets, 1,000+ IP partners, and cumulative total revenue of over $2 million. Partners include Black Mirror, Beatport, mau5trap, Imogen Heap, Banijay Group, KDDI, and other globally recognized brands. 4. Product matrix: Multiple applications—KORUS (music remix and creation tool), Pacer (AI music professional operating system), VRSNS, Streamline, KOR Hubs, and more—have already been built on the protocol. 🔑 Core logic analysis KOR Protocol’s narrative entry point is extremely precise. The explosion of AI-generated content (AIGC) is reshaping the entertainment industry: tool barriers are effectively eliminated, yet the barriers to being discovered and earning income are actually rising. Independent creators can produce professional-grade works, but lack the systematic distribution, matching, and monetization infrastructure. KOR’s solution is not to rebuild another content platform—it is to build the underlying protocol layer: enabling creative assets to be registered, verified, routed, and cleared like financial assets. This "clearinghouse" positioning means it does not directly compete with platforms like Spotify or YouTube; instead, it provides infrastructure for the entire industry chain. Notably, KOR chose Base as its underlying chain rather than building its own chain. This reflects the current maturity of crypto infrastructure: project teams can focus more on innovation at the application layer rather than reinventing wheels. Base’s low gas fees, Coinbase ecosystem traffic, and EVM compatibility are all reasonable considerations behind KOR’s choice. CEO Ritty Quin’s background is also particularly noteworthy: coming from ByteDance, holding a PhD from UCL, being a YouTube Partner, an electronic music producer, and having appeared on Beatport Top 100 and BBC Radio 1 Dance. This composite background of "technology + creativity" gives him first-hand understanding of creators’ pain points. 💡 Impact on the crypto market 1. IP-on-chain narrative gains momentum: KOR’s financing validates the capital appeal of the "real-world IP + blockchain" track. As AI-generated content becomes widespread, verifiable on-chain copyrights and provenance will become increasingly important. 2. Base ecosystem gets another major application: KOR is one of the few consumer-grade apps on Base with a real business model and revenue, helping Base expand from "DeFi chain" toward broader consumer application scenarios. 3. Tokenization expectations for the creator economy: KOR has hinted it will launch a $KOR token and open an ID waiting list. If its tokenomics model is designed well, it could become a hub connecting creators, IP holders, and investors. 4. Indirect impact on BTC/ETH: The maturation of infrastructure projects like this enhances the real-world usage scenarios of the Ethereum ecosystem (with Base as an L2), which is a long-term positive for ETH demand. But in the short term, the impact on prices is limited—more of a positive signal at the ecosystem level. 📊 Data support - Funding amount: $7.5 million (Series A) - Post-investment valuation: $100 million - Registered users: 1 million+ - Connected wallets: 400k+ - IP partners: 1,000+ - Cumulative revenue: $2 million+ - Underlying chain: Base (Coinbase L2) - Token status: $KOR is about to be launched; the waiting list is already open $BTC daily line selling point: $64210 daily line buying point: $62467 $ETH daily line selling point: $2625 daily line buying point: $2539 $BTC #BTC $ETH #ETH
KOR Protocol completes $7.5 million Series A funding: On-chain creative asset clearinghouse for the AI era

📍 Event background

On July 7, 2026, KOR Protocol announced the successful completion of a $7.5 million Series A round, with a post-investment valuation of $100 million. The round was co-led by 1kx and Blockchain Capital, with participation from Republic Crypto, Sfermion, Animoca Brands, Solana, Avalanche, Alumni Ventures, SevenX, and other well-known institutions. This financing round signals that the on-chain intellectual property (IP) infrastructure track is gaining recognition from mainstream crypto capital.

KOR Protocol positions itself as an "AI-era creative asset clearinghouse" and is built on top of Coinbase’s Base Layer 2. Its core vision is to address an increasingly sharp contradiction: AI dramatically lowers the cost of content creation, but creators still face unprecedented difficulty in being discovered, distributed, and earning revenue.

📋 Core content breakdown

1. Funding size and valuation: $7.5 million Series A; $100 million post-investment valuation. Investor lineup includes crypto-native funds (1kx, Blockchain Capital), entertainment industry capital (Animoca Brands), and public-chain ecosystem funds (Solana, Avalanche).

2. Three-layer architecture of the platform’s core functions:
- Production layer: Establish on-chain provenance for creative works, validate authenticity, confirm ownership, and handle licensing clearing
- Distribution layer: Use AI intelligent matching to precisely connect creators, content, and demand-side parties such as record labels, agencies, brands, MCNs, platforms, and more
- Monetization layer: Support programmable payments, royalty distribution, and license fee settlement to enable faster and more transparent value circulation

3. Existing ecosystem data: Over 1 million lifetime registered users, 400k+ connected wallets, 1,000+ IP partners, and cumulative total revenue of over $2 million. Partners include Black Mirror, Beatport, mau5trap, Imogen Heap, Banijay Group, KDDI, and other globally recognized brands.

4. Product matrix: Multiple applications—KORUS (music remix and creation tool), Pacer (AI music professional operating system), VRSNS, Streamline, KOR Hubs, and more—have already been built on the protocol.

🔑 Core logic analysis

KOR Protocol’s narrative entry point is extremely precise. The explosion of AI-generated content (AIGC) is reshaping the entertainment industry: tool barriers are effectively eliminated, yet the barriers to being discovered and earning income are actually rising. Independent creators can produce professional-grade works, but lack the systematic distribution, matching, and monetization infrastructure.

KOR’s solution is not to rebuild another content platform—it is to build the underlying protocol layer: enabling creative assets to be registered, verified, routed, and cleared like financial assets. This "clearinghouse" positioning means it does not directly compete with platforms like Spotify or YouTube; instead, it provides infrastructure for the entire industry chain.

Notably, KOR chose Base as its underlying chain rather than building its own chain. This reflects the current maturity of crypto infrastructure: project teams can focus more on innovation at the application layer rather than reinventing wheels. Base’s low gas fees, Coinbase ecosystem traffic, and EVM compatibility are all reasonable considerations behind KOR’s choice.

CEO Ritty Quin’s background is also particularly noteworthy: coming from ByteDance, holding a PhD from UCL, being a YouTube Partner, an electronic music producer, and having appeared on Beatport Top 100 and BBC Radio 1 Dance. This composite background of "technology + creativity" gives him first-hand understanding of creators’ pain points.

💡 Impact on the crypto market

1. IP-on-chain narrative gains momentum: KOR’s financing validates the capital appeal of the "real-world IP + blockchain" track. As AI-generated content becomes widespread, verifiable on-chain copyrights and provenance will become increasingly important.

2. Base ecosystem gets another major application: KOR is one of the few consumer-grade apps on Base with a real business model and revenue, helping Base expand from "DeFi chain" toward broader consumer application scenarios.

3. Tokenization expectations for the creator economy: KOR has hinted it will launch a $KOR token and open an ID waiting list. If its tokenomics model is designed well, it could become a hub connecting creators, IP holders, and investors.

4. Indirect impact on BTC/ETH: The maturation of infrastructure projects like this enhances the real-world usage scenarios of the Ethereum ecosystem (with Base as an L2), which is a long-term positive for ETH demand. But in the short term, the impact on prices is limited—more of a positive signal at the ecosystem level.

📊 Data support

- Funding amount: $7.5 million (Series A)
- Post-investment valuation: $100 million
- Registered users: 1 million+
- Connected wallets: 400k+
- IP partners: 1,000+
- Cumulative revenue: $2 million+
- Underlying chain: Base (Coinbase L2)
- Token status: $KOR is about to be launched; the waiting list is already open

$BTC daily line selling point: $64210 daily line buying point: $62467
$ETH daily line selling point: $2625 daily line buying point: $2539

$BTC #BTC $ETH #ETH
Pump.fun has cumulatively sold 4.73 million SOL: where did the $800 million in fees go? Odaily reports that Pump.fun has cumulatively sold 4.73 million SOL, generating fee revenue with a total value of approximately $805 million. The destination of this fund is sparking heated discussion in the community. 1. SOL’s current price is $142.3, down 1.52% over the past 24 hours; the funding rate is 0.000038, and long sentiment is mildly bullish. 2. As a Meme coin launch platform, Pump.fun’s fee revenue has grown to nearly the level of a mid-sized exchange. 3. Whether such large-scale SOL selling will create sustained sell pressure in the market has become a focus for investors. Based on the data, SOL on the daily timeframe is still trading within a range-bound consolidation zone. Key support is $138.88 and resistance is $146.76. If Pump.fun continues to regularly sell fees in the short term, it may limit SOL’s upside. On the other hand, since this SOL ultimately flows into the market, it also increases liquidity and market depth. One-sentence summary: The meme factory is cashing out, and SOL holders should watch this “hidden sell pressure.” $SOL daily line sell point: $146 daily line buy point: $138 $BTC daily line sell point: $64209 daily line buy point: $62638 $BTC #BTC $SOL #SOL
Pump.fun has cumulatively sold 4.73 million SOL: where did the $800 million in fees go?

Odaily reports that Pump.fun has cumulatively sold 4.73 million SOL, generating fee revenue with a total value of approximately $805 million. The destination of this fund is sparking heated discussion in the community.

1. SOL’s current price is $142.3, down 1.52% over the past 24 hours; the funding rate is 0.000038, and long sentiment is mildly bullish.
2. As a Meme coin launch platform, Pump.fun’s fee revenue has grown to nearly the level of a mid-sized exchange.
3. Whether such large-scale SOL selling will create sustained sell pressure in the market has become a focus for investors.

Based on the data, SOL on the daily timeframe is still trading within a range-bound consolidation zone. Key support is $138.88 and resistance is $146.76. If Pump.fun continues to regularly sell fees in the short term, it may limit SOL’s upside. On the other hand, since this SOL ultimately flows into the market, it also increases liquidity and market depth.

One-sentence summary: The meme factory is cashing out, and SOL holders should watch this “hidden sell pressure.”

$SOL daily line sell point: $146 daily line buy point: $138
$BTC daily line sell point: $64209 daily line buy point: $62638
$BTC #BTC $SOL #SOL
BTC hit 63.0k, are you still waiting for a pullback to jump in? Last night it briefly topped out at 64,234, and now it’s 63,477—down, and nothing to show for it. The 24h range is 2.5%, with a trading volume of 11 billion—this isn’t consolidation; it’s the market testing your patience. Funding rate is 0.004%. Longs are still paying “protection fees,” but the strength is already weakening. The previous high hasn’t been broken, and the lows haven’t been broken either—looks like a perfect rectangle. The problem is: at the end of the range, the direction is imminent. My view: bearish. Simple and blunt reasoning— 1. 64,200 was tested twice but couldn’t be taken; long momentum is exhausted. R1 64,210 is right overhead—like a ceiling. 2. Below, S1 62,638 is yesterday’s low and the short-term lifeline. If it breaks, look at the 62,000 integer level. 3. ETH is weaker—trading below the 580 axis point. Altcoins generally follow down but don’t rally; sentiment is already half-cooled. Trading plan: - If the rebound fails to get above 64,200, the bearish signals are clear - A break below 62,600 increases the downside risk - Above, only a hold above 64,500 would flip it bullish; right now, that’s not visible Don’t come at me with “long-term is promising.” Today we’re talking about today. The market is teaching investors—have you paid your tuition yet? $BTC daily sell point: $64210 daily buy point: $62638 $ETH daily sell point: $585 daily buy point: $572 $BTC #BTC $ETH #ETH
BTC hit 63.0k, are you still waiting for a pullback to jump in?

Last night it briefly topped out at 64,234, and now it’s 63,477—down, and nothing to show for it. The 24h range is 2.5%, with a trading volume of 11 billion—this isn’t consolidation; it’s the market testing your patience.

Funding rate is 0.004%. Longs are still paying “protection fees,” but the strength is already weakening. The previous high hasn’t been broken, and the lows haven’t been broken either—looks like a perfect rectangle. The problem is: at the end of the range, the direction is imminent.

My view: bearish. Simple and blunt reasoning—

1. 64,200 was tested twice but couldn’t be taken; long momentum is exhausted. R1 64,210 is right overhead—like a ceiling.
2. Below, S1 62,638 is yesterday’s low and the short-term lifeline. If it breaks, look at the 62,000 integer level.
3. ETH is weaker—trading below the 580 axis point. Altcoins generally follow down but don’t rally; sentiment is already half-cooled.

Trading plan:
- If the rebound fails to get above 64,200, the bearish signals are clear
- A break below 62,600 increases the downside risk
- Above, only a hold above 64,500 would flip it bullish; right now, that’s not visible

Don’t come at me with “long-term is promising.” Today we’re talking about today. The market is teaching investors—have you paid your tuition yet?

$BTC daily sell point: $64210 daily buy point: $62638
$ETH daily sell point: $585 daily buy point: $572
$BTC #BTC $ETH #ETH
Escalation of the Iran–Israel Conflict Shocks Global Markets, Robinhood Chain Ecosystem Surges 📰 Crypto Morning News | 2026-07-08 09:00 🔥 Major Developments 1. The U.S. military resumes strikes against Iran and imposes oil sanctions — The strike scale is 4–5 times larger than 10 days ago, and oil sales licenses are revoked. Iran condemns the violation of the June 18 ceasefire memorandum, saying it will take all necessary measures in response. International oil prices jump 5%, while gold falls below $4,100. 2. All three U.S. stock indexes close lower as tech plunges — Dow -0.25%, Nasdaq -1.16%, S&P 500 -0.45%. Philadelphia Semiconductor Index crashes 4.65%, SpaceX drops nearly 7% to a new low since its IPO, while Western Digital -7.86% and Micron Technology -4.71%. 3. Robinhood Chain Meme token CASHCAT’s market cap surpasses $45 million — Up more than 370% in 24 hours. Robinhood Chain’s on-chain stablecoin total market cap surpasses $200 million. Launched its own L2 mainnet on July 1, focusing on on-chain finance and RWA. 4. SpaceX teams up with Cursor for a model release — SpaceXAI plans to launch its first jointly developed AI model as early as Wednesday, targeting competition with Anthropic Opus 4.8 and OpenAI GPT 5.5. 5. TAC Protocol sees a 90% plunge within 15 minutes at dawn — Drops to around $0.0067, now at $0.0044, showing extreme volatility. 📊 Market Data 6. BitMine allegedly increases holdings by 40,000 ETH — Worth $71.62 million, from Kraken and FalconX. 7. Pump has cumulatively sold 4.73 million SOL — Worth $805 million, with an average price of about $170. 6 hours ago, another 122,500 SOL was transferred to Kraken. 8. U.S. HYPE spot ETF records a daily net inflow of $4.32 million — Historical total net inflow $135 million, total assets net value $368 million. 9. U.S. SOL spot ETF records a daily net inflow of $1.67 million — Historical total net inflow $1.145 billion, total assets net value $950 million. 10. Coinbase adds Grvt (GRVT) to its listing roadmap — Depends on market-making support and technical infrastructure. 11. Nasdaq expects SK Hynix to list on July 10 — Ticker SKHYV, changing to SKHY on July 13. 12. South Korea’s KOSPI turns higher; SK Hynix rises over 2% — It fell nearly 4% early on, then quickly recovered. 🏛️ Regulatory Policy 13. U.S. revokes Iran oil sales permits — Close-out trading allowed to continue until July 17, responding to the incident in the Strait of Hormuz where merchant vessels were fired upon. 14. Iran condemns the U.S. for violating the ceasefire memorandum — Says the memorandum was canceled in less than 20 days after signing, proving the U.S. side lacked good faith and was unstable and untrustworthy. 💡 Project Updates 15. Meta launches intelligent agent image model Muse Image — Runs in coordination with Muse Spark, able to draft composition plans, retrieve web pages, render text and QR codes. Already launched in the Meta AI app. 16. KOR Protocol completes a $7.5 million Series A — Led by 1kx and others; an on-chain creative asset clearing platform built on Coinbase L2. 17. Claude Fable 5 free trial extended to July 12 — After that, pay per usage: $10 per million input and $50 per million output. 18. Summer.fi releases Lazy Summer attack report — On July 6, attackers extracted about $6.04 million, stemming from abuse of the NAV mechanism rather than contract vulnerabilities. 19. Apple tests CXMT DRAM for devices in China — According to FT, testing has begun for devices to be sold in China. 20. Du Jun strikes back again in the Li Bojie investment dispute — Says the Metagent team failed to provide financial statements for 10 months, and that Li Bojie has been missing since July 2024. 📊 Market Snapshot: BTC $63,555 (-0.97%) | ETH $1,779 (-1.16%) | BNB $579 (-1.26%) | BTC funding rate 0.00433% | ETH funding rate 0.00198% 📍 Daily buy/sell levels: $BTC daily sell point $64,210 | daily buy point $62,550 / $ETH daily sell point $1,803 | daily buy point $1,747 / BNB daily sell point $585 | daily buy point $572 $BTC #BTC $ETH #ETH
Escalation of the Iran–Israel Conflict Shocks Global Markets, Robinhood Chain Ecosystem Surges
📰 Crypto Morning News | 2026-07-08 09:00

🔥 Major Developments
1. The U.S. military resumes strikes against Iran and imposes oil sanctions — The strike scale is 4–5 times larger than 10 days ago, and oil sales licenses are revoked. Iran condemns the violation of the June 18 ceasefire memorandum, saying it will take all necessary measures in response. International oil prices jump 5%, while gold falls below $4,100.
2. All three U.S. stock indexes close lower as tech plunges — Dow -0.25%, Nasdaq -1.16%, S&P 500 -0.45%. Philadelphia Semiconductor Index crashes 4.65%, SpaceX drops nearly 7% to a new low since its IPO, while Western Digital -7.86% and Micron Technology -4.71%.
3. Robinhood Chain Meme token CASHCAT’s market cap surpasses $45 million — Up more than 370% in 24 hours. Robinhood Chain’s on-chain stablecoin total market cap surpasses $200 million. Launched its own L2 mainnet on July 1, focusing on on-chain finance and RWA.
4. SpaceX teams up with Cursor for a model release — SpaceXAI plans to launch its first jointly developed AI model as early as Wednesday, targeting competition with Anthropic Opus 4.8 and OpenAI GPT 5.5.
5. TAC Protocol sees a 90% plunge within 15 minutes at dawn — Drops to around $0.0067, now at $0.0044, showing extreme volatility.

📊 Market Data
6. BitMine allegedly increases holdings by 40,000 ETH — Worth $71.62 million, from Kraken and FalconX.
7. Pump has cumulatively sold 4.73 million SOL — Worth $805 million, with an average price of about $170. 6 hours ago, another 122,500 SOL was transferred to Kraken.
8. U.S. HYPE spot ETF records a daily net inflow of $4.32 million — Historical total net inflow $135 million, total assets net value $368 million.
9. U.S. SOL spot ETF records a daily net inflow of $1.67 million — Historical total net inflow $1.145 billion, total assets net value $950 million.
10. Coinbase adds Grvt (GRVT) to its listing roadmap — Depends on market-making support and technical infrastructure.
11. Nasdaq expects SK Hynix to list on July 10 — Ticker SKHYV, changing to SKHY on July 13.
12. South Korea’s KOSPI turns higher; SK Hynix rises over 2% — It fell nearly 4% early on, then quickly recovered.

🏛️ Regulatory Policy
13. U.S. revokes Iran oil sales permits — Close-out trading allowed to continue until July 17, responding to the incident in the Strait of Hormuz where merchant vessels were fired upon.
14. Iran condemns the U.S. for violating the ceasefire memorandum — Says the memorandum was canceled in less than 20 days after signing, proving the U.S. side lacked good faith and was unstable and untrustworthy.

💡 Project Updates
15. Meta launches intelligent agent image model Muse Image — Runs in coordination with Muse Spark, able to draft composition plans, retrieve web pages, render text and QR codes. Already launched in the Meta AI app.
16. KOR Protocol completes a $7.5 million Series A — Led by 1kx and others; an on-chain creative asset clearing platform built on Coinbase L2.
17. Claude Fable 5 free trial extended to July 12 — After that, pay per usage: $10 per million input and $50 per million output.
18. Summer.fi releases Lazy Summer attack report — On July 6, attackers extracted about $6.04 million, stemming from abuse of the NAV mechanism rather than contract vulnerabilities.
19. Apple tests CXMT DRAM for devices in China — According to FT, testing has begun for devices to be sold in China.
20. Du Jun strikes back again in the Li Bojie investment dispute — Says the Metagent team failed to provide financial statements for 10 months, and that Li Bojie has been missing since July 2024.

📊 Market Snapshot: BTC $63,555 (-0.97%) | ETH $1,779 (-1.16%) | BNB $579 (-1.26%) | BTC funding rate 0.00433% | ETH funding rate 0.00198%
📍 Daily buy/sell levels: $BTC daily sell point $64,210 | daily buy point $62,550 / $ETH daily sell point $1,803 | daily buy point $1,747 / BNB daily sell point $585 | daily buy point $572

$BTC #BTC $ETH #ETH
SpaceX IPO expectations heat up, and June tokenized stock on-chain trading volume hits 3.86 billion, a record high. The RWA track is finally more than just PowerPoint. Backed and Kraken are already getting ahead of the curve— the bridge is built, but the car hasn’t arrived yet. With BTC fees at a low level and sentiment neutral-to-cool, RWA tokens may see a short-term spike in price. But an IPO delay plus the regulatory gray area are two ticking time bombs. $BTC daily line Sell 65378 / Buy 62638 $ETH daily line Sell 2086 / Buy 1988 The ship is docking, but don’t rush to jump. $BTC #BTC $ETH #ETH
SpaceX IPO expectations heat up, and June tokenized stock on-chain trading volume hits 3.86 billion, a record high.

The RWA track is finally more than just PowerPoint. Backed and Kraken are already getting ahead of the curve— the bridge is built, but the car hasn’t arrived yet.

With BTC fees at a low level and sentiment neutral-to-cool, RWA tokens may see a short-term spike in price. But an IPO delay plus the regulatory gray area are two ticking time bombs.

$BTC daily line Sell 65378 / Buy 62638
$ETH daily line Sell 2086 / Buy 1988

The ship is docking, but don’t rush to jump.

$BTC #BTC $ETH #ETH
ETF absorbs 266 million yuan, and BlackRock alone takes 78%—what are retail investors still hesitating about? On July 7, Bitcoin spot ETFs saw a total net inflow of $266 million in a single day, with BlackRock’s IBIT alone swallowing $209 million—accounting for nearly 78%. The rest is what Grayscale and Fidelity split among themselves. The pattern is already clear: institutions are accumulating, while retail investors are still scrolling short videos. Data doesn’t lie. BTC is currently trading at $63,154, up 2.5% over the past 24 hours, with a funding rate of 0.0039%—not overheating, but the bulls are definitely in control. Continuous net inflows into ETFs mean the “regular troops” of traditional finance are casting votes with real money. This isn’t some “blockchain revolution” sentiment—it's purely an asset allocation logic. Key levels: R1 at $65,378 above is short-term resistance, while S1 at $61,297 below is support. If ETF buying continues, breaking the previous high at $64,692 is only a matter of time. But if the funding rate spikes to 0.01% or higher, be alert to a bull-market stampede. In one sentence: Institutional buying of ETFs is way more serious than you buying a meme coin. Whether you follow or not is up to you. $BTC daily sell point: $65,378 daily buy point: $61,297 $ETH daily sell point: $2,086 daily buy point: $1,988 $BTC #BTC $ETH #ETH
ETF absorbs 266 million yuan, and BlackRock alone takes 78%—what are retail investors still hesitating about?

On July 7, Bitcoin spot ETFs saw a total net inflow of $266 million in a single day, with BlackRock’s IBIT alone swallowing $209 million—accounting for nearly 78%. The rest is what Grayscale and Fidelity split among themselves. The pattern is already clear: institutions are accumulating, while retail investors are still scrolling short videos.

Data doesn’t lie. BTC is currently trading at $63,154, up 2.5% over the past 24 hours, with a funding rate of 0.0039%—not overheating, but the bulls are definitely in control. Continuous net inflows into ETFs mean the “regular troops” of traditional finance are casting votes with real money. This isn’t some “blockchain revolution” sentiment—it's purely an asset allocation logic.

Key levels: R1 at $65,378 above is short-term resistance, while S1 at $61,297 below is support. If ETF buying continues, breaking the previous high at $64,692 is only a matter of time. But if the funding rate spikes to 0.01% or higher, be alert to a bull-market stampede.

In one sentence: Institutional buying of ETFs is way more serious than you buying a meme coin. Whether you follow or not is up to you.

$BTC daily sell point: $65,378 daily buy point: $61,297
$ETH daily sell point: $2,086 daily buy point: $1,988
$BTC #BTC $ETH #ETH
SpaceX Data Center Controversy and Whale HYPE Windfall Spark Attention 📰 Crypto Evening News | 2026-07-07 21:00 🔥 Major Events 1. SpaceX Colossus data center ordered shut down — The court is asked to order the shutdown of the gas turbines supplying power to Colossus 2, which could jeopardize the $45 billion contract with Anthropic. 2. AKE market maker dumps 9.825 billion tokens, down another 33% — Two large-scale selloffs in three days; price falls from $0.0005 to $0.0002, with a cumulative drop of over 60%. 3. New lead in BONK DAO governance attack — Specter reveals that the Realms founder’s fund flows appear linked to the attackers; the attackers completed the governance attack by purchasing coins for $4 million. 4. Whale 10x leverage HYPE long position shows unrealized profit of $15.69 million — Reverses from a loss of $459,000; holds 493,000 HYPE, with a return rate of +445.36%. 5. Zcash introduces formal verification for the new privacy pool Ironwood — Uses mathematical proofs to eliminate undetectable minting vulnerabilities, replacing the Orchard pool that carries theoretical risk. 📊 Market Data 6. CleanSpark sells 429 BTC in June — Mined 614 BTC that month; net retained 185 BTC; total holdings reach 13,924 BTC. 7. EDX Markets completes $76 million Series C funding — Led by SBI Holdings; funds will upgrade institutional-grade trading infrastructure. 8. AEREDIUM and Alba Bay collaborate on a $5.4 billion RWA payments project — Exploring tokenized asset settlement and cross-border payment solutions. 9. SS&C launches digital cash settlement — Supports instant settlement of tokenized assets for institutions, reducing counterparty risk. 10. Hesab chooses Movement as the stablecoin settlement layer — Exclusive stablecoin settlement partnership for globally self-custody banks. 🏛️ Regulatory Policy 11. Fed’s Williams: Strong AI investment, positive view on inflation — Balances risks in the jobs market; monetary policy depends on data and risk. 12. Bitget analyst: Rate-hike expectations cool down, technicals will lead — Macro drag weakens; market logic returns to fundamentals and technicals. 💡 Project Updates 13. BNB Agent Studio integrates Binance Pay B402 merchant pool — AI agents can access CMC data with one click and automatically pay. 14. 1inch appoints a new product officer to drive Aqua launch — Strengthens the leadership team and accelerates innovation in liquidity protocols. 15. Hedera launches Bills-On-Chain platform — Digitalizes traditional bills for on-chain issuance, circulation, and settlement. 16. DigiByte Algolock activation completed — Fully stabilizes the blockchain, eliminating Groestl security concerns. 17. Espresso emphasizes cross-chain finality — A shared sequencing layer removes middlemen, reducing cross-chain complexity and risk. 18. COTI will demonstrate AI Agent deployment in private smart contracts — The Vibe Code Challenge showcases privacy + AI automation. 📊 Market Overview - BTC: $63,456 (+2.78%) | Funding rate: 0.00332% - ETH: $3,524.89 (+3.68%) | Funding rate: 0.00589% - BNB: $583.48 (+0.75%) | Funding rate: N/A 📍 Daily Buy/Sell Levels - BTC daily sell: $65,378 | daily buy: $61,297 - ETH daily sell: $3,625.32 | daily buy: $3,424.46 - BNB daily sell: $596.48 | daily buy: $573.38 $BTC #BTC $ETH #ETH
SpaceX Data Center Controversy and Whale HYPE Windfall Spark Attention
📰 Crypto Evening News | 2026-07-07 21:00

🔥 Major Events
1. SpaceX Colossus data center ordered shut down — The court is asked to order the shutdown of the gas turbines supplying power to Colossus 2, which could jeopardize the $45 billion contract with Anthropic.
2. AKE market maker dumps 9.825 billion tokens, down another 33% — Two large-scale selloffs in three days; price falls from $0.0005 to $0.0002, with a cumulative drop of over 60%.
3. New lead in BONK DAO governance attack — Specter reveals that the Realms founder’s fund flows appear linked to the attackers; the attackers completed the governance attack by purchasing coins for $4 million.
4. Whale 10x leverage HYPE long position shows unrealized profit of $15.69 million — Reverses from a loss of $459,000; holds 493,000 HYPE, with a return rate of +445.36%.
5. Zcash introduces formal verification for the new privacy pool Ironwood — Uses mathematical proofs to eliminate undetectable minting vulnerabilities, replacing the Orchard pool that carries theoretical risk.

📊 Market Data
6. CleanSpark sells 429 BTC in June — Mined 614 BTC that month; net retained 185 BTC; total holdings reach 13,924 BTC.
7. EDX Markets completes $76 million Series C funding — Led by SBI Holdings; funds will upgrade institutional-grade trading infrastructure.
8. AEREDIUM and Alba Bay collaborate on a $5.4 billion RWA payments project — Exploring tokenized asset settlement and cross-border payment solutions.
9. SS&C launches digital cash settlement — Supports instant settlement of tokenized assets for institutions, reducing counterparty risk.
10. Hesab chooses Movement as the stablecoin settlement layer — Exclusive stablecoin settlement partnership for globally self-custody banks.

🏛️ Regulatory Policy
11. Fed’s Williams: Strong AI investment, positive view on inflation — Balances risks in the jobs market; monetary policy depends on data and risk.
12. Bitget analyst: Rate-hike expectations cool down, technicals will lead — Macro drag weakens; market logic returns to fundamentals and technicals.

💡 Project Updates
13. BNB Agent Studio integrates Binance Pay B402 merchant pool — AI agents can access CMC data with one click and automatically pay.
14. 1inch appoints a new product officer to drive Aqua launch — Strengthens the leadership team and accelerates innovation in liquidity protocols.
15. Hedera launches Bills-On-Chain platform — Digitalizes traditional bills for on-chain issuance, circulation, and settlement.
16. DigiByte Algolock activation completed — Fully stabilizes the blockchain, eliminating Groestl security concerns.
17. Espresso emphasizes cross-chain finality — A shared sequencing layer removes middlemen, reducing cross-chain complexity and risk.
18. COTI will demonstrate AI Agent deployment in private smart contracts — The Vibe Code Challenge showcases privacy + AI automation.

📊 Market Overview
- BTC: $63,456 (+2.78%) | Funding rate: 0.00332%
- ETH: $3,524.89 (+3.68%) | Funding rate: 0.00589%
- BNB: $583.48 (+0.75%) | Funding rate: N/A

📍 Daily Buy/Sell Levels
- BTC daily sell: $65,378 | daily buy: $61,297
- ETH daily sell: $3,625.32 | daily buy: $3,424.46
- BNB daily sell: $596.48 | daily buy: $573.38

$BTC #BTC $ETH #ETH
BTC spikes intraday then pulls back; how long can the bulls hold on? It surged to 64,691 during the day, then retreated to 63,382 at night. A trading volume of 1.564 billion USD looks lively on the surface, but in reality both longs and shorts are cutting each other down—no one has gained an advantage. Funding rate is 0.00266%. The bulls are still paying protection fees, but their strength has already weakened. What’s most worrying at this level is the “seeming strength” scenario—new highs in the daytime, followed by a pullback at night, a classic stop-hunt/long-whipsaw structure. The daily sell point at 65,378 is right overhead. Unless there’s a breakout with real volume, don’t rush to call a reversal. ETH is even weaker—it's been hovering around 580 all day. BNB is also just following the broader market with no independent move. In the end, the whole market is basically one hard-supported BTC, while everything else is watching. Night session outlook: The close at 63,382 is awkward—neither up nor down. If 63,000 can’t be held during the night, downside room opens immediately; 62,000–61,297 is the next support zone. Conversely, to regain strength, price needs to hold above 64,000—otherwise it’s just high-range consolidation and distribution. Don’t be fooled by the daytime spike. Volume is there, but price hasn’t held—this isn’t strength, it’s disagreement. $BTC daily sell point: $65378 daily buy point: $61297 $ETH daily sell point: $596 daily buy point: $573 $BNB daily sell point: $651 daily buy point: $633 $BTC #BTC $ETH #ETH $BNB #BNB
BTC spikes intraday then pulls back; how long can the bulls hold on?

It surged to 64,691 during the day, then retreated to 63,382 at night. A trading volume of 1.564 billion USD looks lively on the surface, but in reality both longs and shorts are cutting each other down—no one has gained an advantage.

Funding rate is 0.00266%. The bulls are still paying protection fees, but their strength has already weakened. What’s most worrying at this level is the “seeming strength” scenario—new highs in the daytime, followed by a pullback at night, a classic stop-hunt/long-whipsaw structure. The daily sell point at 65,378 is right overhead. Unless there’s a breakout with real volume, don’t rush to call a reversal.

ETH is even weaker—it's been hovering around 580 all day. BNB is also just following the broader market with no independent move. In the end, the whole market is basically one hard-supported BTC, while everything else is watching.

Night session outlook: The close at 63,382 is awkward—neither up nor down. If 63,000 can’t be held during the night, downside room opens immediately; 62,000–61,297 is the next support zone. Conversely, to regain strength, price needs to hold above 64,000—otherwise it’s just high-range consolidation and distribution.

Don’t be fooled by the daytime spike. Volume is there, but price hasn’t held—this isn’t strength, it’s disagreement.

$BTC daily sell point: $65378 daily buy point: $61297
$ETH daily sell point: $596 daily buy point: $573
$BNB daily sell point: $651 daily buy point: $633
$BTC #BTC $ETH #ETH $BNB #BNB
PUMP destroys $3.7M in weekly volume; 41.8% of the circulating supply is already gone pump.fun’s first official weekly report is out, and the numbers are quite eye-catching: from June 29 to July 5, the total fees from the Bonding Curve, PumpSwap, and Terminal protocols amounted to $7.2M, with 50% of the net fees being directly used for PUMP buybacks and burns. Over the past 7 days, the buyback-and-burn totaled about $3.7M, and the cumulative burned portion now represents 41.8% of the circulating supply. Weekly Bonding Curve trading volume was $553M, PumpSwap trading volume was $1.65B, and platform activity remains high. Even more worth noting is product iteration: the new Swap service in the Pump App compresses trade execution time from 1–2 seconds down to 300–400 milliseconds. After low-KYC deposit channels went live, average daily deposit trades increased by about 21%. The GO bounty feature has created roughly 3,000 tasks, received 18,000 submissions, and has paid out more than $600K in total rewards. Outlook: the data is leaning bullish. Continued buyback-and-burn of protocol fees forms a deflationary feedback loop, and a 41.8% burn rate is hardcore-level for meme coins. But be careful—what’s being burned is circulating supply, not market cap. The current PUMP price is around $0.00165, the circulating market cap is about $665M, and FDV is roughly $1.0–1.1B. The valuation bubble is still there. If the weekly burn intensity slows down later, the narrative could cool off quickly. Key price levels to watch: PUMP’s recent fluctuation range is $0.00152–$0.00167. Watch $0.0015 for support and $0.0017 for resistance. Holding above $63,000 on BTC provides support for overall meme sentiment. One-sentence summary: The burn story is sexy, but don’t forget half of the FDV hasn’t been unlocked—how long the deflationary narrative can last depends on whether next week’s protocol fees can keep hitting full strength. $BTC daily line sell point: $65378 daily line buy point: $61983 $ETH daily line sell point: $2086 daily line buy point: $1988 $BTC #BTC $ETH #ETH $PUMP #PUMP
PUMP destroys $3.7M in weekly volume; 41.8% of the circulating supply is already gone

pump.fun’s first official weekly report is out, and the numbers are quite eye-catching: from June 29 to July 5, the total fees from the Bonding Curve, PumpSwap, and Terminal protocols amounted to $7.2M, with 50% of the net fees being directly used for PUMP buybacks and burns. Over the past 7 days, the buyback-and-burn totaled about $3.7M, and the cumulative burned portion now represents 41.8% of the circulating supply.

Weekly Bonding Curve trading volume was $553M, PumpSwap trading volume was $1.65B, and platform activity remains high. Even more worth noting is product iteration: the new Swap service in the Pump App compresses trade execution time from 1–2 seconds down to 300–400 milliseconds. After low-KYC deposit channels went live, average daily deposit trades increased by about 21%. The GO bounty feature has created roughly 3,000 tasks, received 18,000 submissions, and has paid out more than $600K in total rewards.

Outlook: the data is leaning bullish. Continued buyback-and-burn of protocol fees forms a deflationary feedback loop, and a 41.8% burn rate is hardcore-level for meme coins. But be careful—what’s being burned is circulating supply, not market cap. The current PUMP price is around $0.00165, the circulating market cap is about $665M, and FDV is roughly $1.0–1.1B. The valuation bubble is still there. If the weekly burn intensity slows down later, the narrative could cool off quickly.

Key price levels to watch: PUMP’s recent fluctuation range is $0.00152–$0.00167. Watch $0.0015 for support and $0.0017 for resistance. Holding above $63,000 on BTC provides support for overall meme sentiment.

One-sentence summary: The burn story is sexy, but don’t forget half of the FDV hasn’t been unlocked—how long the deflationary narrative can last depends on whether next week’s protocol fees can keep hitting full strength.

$BTC daily line sell point: $65378 daily line buy point: $61983
$ETH daily line sell point: $2086 daily line buy point: $1988
$BTC #BTC $ETH #ETH $PUMP #PUMP
BONK Governance Raked Away $21.2 Million Worth With a $4.4 Million Cost: Is Meme Coin “Decentralized” Governance a Joke? Just as Yu Jin revealed, the full details of the BONK governance attack show that the attacker spent only $4.4 million to pull $21.2 million out of the treasury. ROI is close to 400%—this isn’t hacking, it’s basically coming to pick up money. The incident itself isn’t complicated: a vulnerability exists in the governance voting threshold design. The attacker rapidly accumulates voting power via a flash loan, then uses a proposal favorable to them to transfer treasury funds into their own wallet. The entire process is traceable on-chain. And the phrase “decentralized governance” is right there in plain sight—like an ironic punchline. Let the data speak: BONK is down about 8% over 24 hours, with hundreds of millions in market value wiped out. Even more ironic is that after the attack, the community only then realized the governance threshold was too low—but the money was already gone. Meme coin project teams are usually busy tweeting and making meme templates; when it comes time for security audits, one by one they’re playing dead. Direction assessment: BONK has clear bearish signals in the short term. The key support is at $0.000012; if it breaks, downside space opens up. This kind of governance attack causes permanent damage to the project’s reputation, and any rebound will likely be limited. One-sentence cutting remark: In meme coins, “decentralized governance” is a withdrawal manual written for hackers. $BTC daily line sell point: $65378 daily line buy point: $61516 $ETH daily line sell point: $1885 daily line buy point: $1770 $BONK daily line sell point: $0.0000145 daily line buy point: $0.0000120 $BTC #BTC $ETH #ETH $BONK #BONK
BONK Governance Raked Away $21.2 Million Worth With a $4.4 Million Cost: Is Meme Coin “Decentralized” Governance a Joke?

Just as Yu Jin revealed, the full details of the BONK governance attack show that the attacker spent only $4.4 million to pull $21.2 million out of the treasury. ROI is close to 400%—this isn’t hacking, it’s basically coming to pick up money.

The incident itself isn’t complicated: a vulnerability exists in the governance voting threshold design. The attacker rapidly accumulates voting power via a flash loan, then uses a proposal favorable to them to transfer treasury funds into their own wallet. The entire process is traceable on-chain. And the phrase “decentralized governance” is right there in plain sight—like an ironic punchline.

Let the data speak:
BONK is down about 8% over 24 hours, with hundreds of millions in market value wiped out. Even more ironic is that after the attack, the community only then realized the governance threshold was too low—but the money was already gone. Meme coin project teams are usually busy tweeting and making meme templates; when it comes time for security audits, one by one they’re playing dead.

Direction assessment:
BONK has clear bearish signals in the short term. The key support is at $0.000012; if it breaks, downside space opens up. This kind of governance attack causes permanent damage to the project’s reputation, and any rebound will likely be limited.

One-sentence cutting remark:
In meme coins, “decentralized governance” is a withdrawal manual written for hackers.

$BTC daily line sell point: $65378 daily line buy point: $61516
$ETH daily line sell point: $1885 daily line buy point: $1770
$BONK daily line sell point: $0.0000145 daily line buy point: $0.0000120

$BTC #BTC $ETH #ETH $BONK #BONK
Article
GPT-5.6 limited preview ends, fully open to users worldwide# GPT-5.6 limited preview ends, fully open to users worldwide **Odaily July 7 News**: OpenAI has officially announced that the GPT-5.6 limited preview phase has ended and it is now fully open to users worldwide. This initiative marks an important step by OpenAI toward making AI technology widely accessible. The full release of GPT-5.6 will significantly lower the barrier to using top-tier AI capabilities, enabling more developers and everyday users to conveniently access advanced models. **Crypto perspective analysis**: AI narratives continue to gain momentum. With the opening of GPT-5.6, market confidence in AI infrastructure and the application layer is expected to receive a further boost. Institutional funds’ allocation to AI-related projects may accelerate, and related concept tokens could see short-term attention.

GPT-5.6 limited preview ends, fully open to users worldwide

# GPT-5.6 limited preview ends, fully open to users worldwide
**Odaily July 7 News**: OpenAI has officially announced that the GPT-5.6 limited preview phase has ended and it is now fully open to users worldwide.
This initiative marks an important step by OpenAI toward making AI technology widely accessible. The full release of GPT-5.6 will significantly lower the barrier to using top-tier AI capabilities, enabling more developers and everyday users to conveniently access advanced models.
**Crypto perspective analysis**:
AI narratives continue to gain momentum. With the opening of GPT-5.6, market confidence in AI infrastructure and the application layer is expected to receive a further boost. Institutional funds’ allocation to AI-related projects may accelerate, and related concept tokens could see short-term attention.
SOL ETF single-day net inflow of $8.36 million: institutions are quietly building positions while retail is still waiting for a pullback According to SoSoValue data, as of 7/6 (U.S. Eastern Time), SOL spot ETF recorded a net inflow of $8.3598 million for the day, all contributed by Bitwise’s BSOL. This ETF’s cumulative total net inflow has already surpassed $907 million. The SOL spot ETF’s overall net asset value is $957 million, with a net asset ratio of 2.00%. Cumulative net inflows total $1.144 billion. The numbers may not look huge, but the signal is clear: institutions are continuously accumulating. A daily net inflow of $8.36 million isn’t explosive, but the fact that it’s entirely driven by Bitwise indicates institutions’ allocation is proceeding steadily. With SOL’s net asset ratio at only 2%—far below the ETF penetration rates for BTC and ETH—it suggests there’s still substantial room for traditional capital to enter. At present, SOL’s funding rate is close to neutral, with no obvious signs of bullish overheating. Continuous ETF inflows combined with a healthy funding rate suggest this move isn’t a retail-driven FOMO bubble. Instead, it appears institutions are backing their positions with real capital. Key price levels: On the upside, watch the prior high pressure zone. On the downside, near the daily entry area, lies a concentrated region of institutional cost. With ongoing ETF inflows as the backdrop, the probability of a deep pullback is decreasing. One-sentence summary: Institutions are secretly buying via ETFs, while retail is still waiting for a discount—what they may end up getting is an even higher cost to board. $BTC daily sell point: $65378 daily buy point: $61983 $ETH daily sell point: $1845 daily buy point: $1740 $BNB daily sell point: $596 daily buy point: $573 $BTC #BTC $ETH #ETH
SOL ETF single-day net inflow of $8.36 million: institutions are quietly building positions while retail is still waiting for a pullback

According to SoSoValue data, as of 7/6 (U.S. Eastern Time), SOL spot ETF recorded a net inflow of $8.3598 million for the day, all contributed by Bitwise’s BSOL. This ETF’s cumulative total net inflow has already surpassed $907 million. The SOL spot ETF’s overall net asset value is $957 million, with a net asset ratio of 2.00%. Cumulative net inflows total $1.144 billion.

The numbers may not look huge, but the signal is clear: institutions are continuously accumulating. A daily net inflow of $8.36 million isn’t explosive, but the fact that it’s entirely driven by Bitwise indicates institutions’ allocation is proceeding steadily. With SOL’s net asset ratio at only 2%—far below the ETF penetration rates for BTC and ETH—it suggests there’s still substantial room for traditional capital to enter.

At present, SOL’s funding rate is close to neutral, with no obvious signs of bullish overheating. Continuous ETF inflows combined with a healthy funding rate suggest this move isn’t a retail-driven FOMO bubble. Instead, it appears institutions are backing their positions with real capital.

Key price levels: On the upside, watch the prior high pressure zone. On the downside, near the daily entry area, lies a concentrated region of institutional cost. With ongoing ETF inflows as the backdrop, the probability of a deep pullback is decreasing.

One-sentence summary: Institutions are secretly buying via ETFs, while retail is still waiting for a discount—what they may end up getting is an even higher cost to board.

$BTC daily sell point: $65378 daily buy point: $61983
$ETH daily sell point: $1845 daily buy point: $1740
$BNB daily sell point: $596 daily buy point: $573
$BTC #BTC $ETH #ETH
Giant Whale Re-deposits Another $2 Million—Is Hyperliquid Becoming an Institutional Casino? Odaily reported that a wallet, seemingly associated with Abraxas Capital, deposited an additional $2 million into Hyperliquid yesterday. The address has previously accumulated total profits of $173.75 million on Hyperliquid, making it one of the most active institutional-level traders on the platform. Who is Abraxas Capital? A long-established London crypto hedge fund managing several billions of dollars, known for high-leverage, high-frequency derivatives trading. They’re not here to hoard coins—they’re here to profit from volatility. Hyperliquid’s order book depth and a 0.01% taker fee are essentially tailored for this kind of institution. On the data side, the current BTC price is $63,108, up slightly 0.23% over the past 24 hours. However, the funding rate remains relatively high at 0.0095%. This suggests longs are still paying for positions and the market has not seen panic liquidation. The whale adding at this level indicates they believe volatility hasn’t been fully released yet. Key levels: The resistance above at $64,691 is the intraday high; a breakout could test the previous high. Support below at $61,297 is the intraday low and also the near-term line of defense. Institutional money isn’t “dumb money”—they’re waiting for a directional break. In one sentence: Retail traders look at the candlestick chart to guess the direction, while the giant whale uses millions of dollars to tell you—big volatility hasn’t arrived yet. $BTC daily sell point: $65378 Daily buy point: $61128 $ETH daily sell point: $1884 Daily buy point: $1740 $BTC #BTC $ETH #ETH
Giant Whale Re-deposits Another $2 Million—Is Hyperliquid Becoming an Institutional Casino?

Odaily reported that a wallet, seemingly associated with Abraxas Capital, deposited an additional $2 million into Hyperliquid yesterday. The address has previously accumulated total profits of $173.75 million on Hyperliquid, making it one of the most active institutional-level traders on the platform.

Who is Abraxas Capital? A long-established London crypto hedge fund managing several billions of dollars, known for high-leverage, high-frequency derivatives trading. They’re not here to hoard coins—they’re here to profit from volatility. Hyperliquid’s order book depth and a 0.01% taker fee are essentially tailored for this kind of institution.

On the data side, the current BTC price is $63,108, up slightly 0.23% over the past 24 hours. However, the funding rate remains relatively high at 0.0095%. This suggests longs are still paying for positions and the market has not seen panic liquidation. The whale adding at this level indicates they believe volatility hasn’t been fully released yet.

Key levels: The resistance above at $64,691 is the intraday high; a breakout could test the previous high. Support below at $61,297 is the intraday low and also the near-term line of defense. Institutional money isn’t “dumb money”—they’re waiting for a directional break.

In one sentence: Retail traders look at the candlestick chart to guess the direction, while the giant whale uses millions of dollars to tell you—big volatility hasn’t arrived yet.

$BTC daily sell point: $65378 Daily buy point: $61128
$ETH daily sell point: $1884 Daily buy point: $1740
$BTC #BTC $ETH #ETH
BTC falls below 63,000, how long can the bulls' faith hold? BTC has slid from a peak of 64.6k all the way down to 61.2k, with a 5.2% intraday range. Trading volume is 15.8 billion USDT—looks lively, but in reality it's long positions trampling each other. The funding rate is 0.01%, not even positive; it shows the bulls have no desire left to add leverage. ETH is even worse: it dropped to 3370, with an intraday low of 3320—just one step away from the 3300 psychological level. BNB is tougher, holding 580, but it's just that—if the overall market is unstable, individual coins can't hold up either. Outlook: slightly bearish. After BTC breaks below 63k, downside space opens. 61k is the key near-term support; if that breaks, watch the 60k psychological level. If ETH can't hold 3300, then 3200 may come into view. Don't rush to call the bottom—wait for increased volume. With the current volume, the drop isn't deep enough yet. $BTC daily sell point: $65378 daily buy point: $61297 $ETH daily sell point: $3502 daily buy point: $3320 $BNB daily sell point: $596 daily buy point: $573 $BTC #BTC $ETH #ETH $BNB #BNB
BTC falls below 63,000, how long can the bulls' faith hold?

BTC has slid from a peak of 64.6k all the way down to 61.2k, with a 5.2% intraday range. Trading volume is 15.8 billion USDT—looks lively, but in reality it's long positions trampling each other. The funding rate is 0.01%, not even positive; it shows the bulls have no desire left to add leverage.

ETH is even worse: it dropped to 3370, with an intraday low of 3320—just one step away from the 3300 psychological level. BNB is tougher, holding 580, but it's just that—if the overall market is unstable, individual coins can't hold up either.

Outlook: slightly bearish. After BTC breaks below 63k, downside space opens. 61k is the key near-term support; if that breaks, watch the 60k psychological level. If ETH can't hold 3300, then 3200 may come into view.

Don't rush to call the bottom—wait for increased volume. With the current volume, the drop isn't deep enough yet.

$BTC daily sell point: $65378 daily buy point: $61297
$ETH daily sell point: $3502 daily buy point: $3320
$BNB daily sell point: $596 daily buy point: $573
$BTC #BTC $ETH #ETH $BNB #BNB
Three Whales Staked a Bet of $150 Million BTC/ETH Longs, Up to 40x Leverage On-chain data shows that three whale addresses together hold about $148.7 million worth of BTC and ETH perpetual contract long positions, with the maximum leverage reaching 40x. This isn’t “a bullish outlook on the market”—it’s a gamble. Current BTC price is $63,310, up slightly by 0.24% over the past 24 hours, with a funding rate of 0.01%—bullish sentiment is mild, far from “crazy.” ETH at $2,025 is also moving sideways, with the funding rate unchanged. When whales open 40x leverage at this level, they’re betting on volatility, not trend. The key question: did they get the direction right? From the liquidation map, there are dense liquidity clusters both below $62,000 and above $65,000. The whales’ liquidation lines are likely around $60,500 (estimated at 40x). That means if BTC drops another ~4%, this $150 million could trigger a chain liquidation cascade. But on the other hand, if BTC breaks above $65,378 (today’s R1), the floating profits on these long positions could quickly expand and potentially spark FOMO and follow-on buying. The whales aren’t “investing”—they’re using their size to create volatility, then collecting. Direction call: bearish in the short term. The whales’ high leverage itself is a risk signal. In such positions, the market often first sweeps liquidity downward, then decides the direction. $62,249 (S1) is the key short-term support; if it breaks, watch for $61,200. One-line summary: When others are greedy, you should fear. When others use 40x leverage, you’d better stay far away. $BTC daily sell point: $65378 daily buy point: $62249 $ETH daily sell point: $2086 daily buy point: $1988 $BTC #BTC $ETH #ETH
Three Whales Staked a Bet of $150 Million BTC/ETH Longs, Up to 40x Leverage

On-chain data shows that three whale addresses together hold about $148.7 million worth of BTC and ETH perpetual contract long positions, with the maximum leverage reaching 40x. This isn’t “a bullish outlook on the market”—it’s a gamble.

Current BTC price is $63,310, up slightly by 0.24% over the past 24 hours, with a funding rate of 0.01%—bullish sentiment is mild, far from “crazy.” ETH at $2,025 is also moving sideways, with the funding rate unchanged. When whales open 40x leverage at this level, they’re betting on volatility, not trend.

The key question: did they get the direction right?

From the liquidation map, there are dense liquidity clusters both below $62,000 and above $65,000. The whales’ liquidation lines are likely around $60,500 (estimated at 40x). That means if BTC drops another ~4%, this $150 million could trigger a chain liquidation cascade.

But on the other hand, if BTC breaks above $65,378 (today’s R1), the floating profits on these long positions could quickly expand and potentially spark FOMO and follow-on buying. The whales aren’t “investing”—they’re using their size to create volatility, then collecting.

Direction call: bearish in the short term. The whales’ high leverage itself is a risk signal. In such positions, the market often first sweeps liquidity downward, then decides the direction. $62,249 (S1) is the key short-term support; if it breaks, watch for $61,200.

One-line summary: When others are greedy, you should fear. When others use 40x leverage, you’d better stay far away.

$BTC daily sell point: $65378 daily buy point: $62249
$ETH daily sell point: $2086 daily buy point: $1988
$BTC #BTC $ETH #ETH
USDC’s monthly trading volume surpasses USDT for the first time—will the stablecoin landscape be upended? Odaily Planet Daily News Report: Data shows that in the stablecoin trading-volume race, USDC has for the first time taken the lead over USDT, with its monthly trading volume hitting a historic high. Circle’s compliance narrative is turning into real market share. Backed by the U.S. regulatory framework, USDC has a clear preference from institutional funds. While USDT is still the market-cap heavyweight, its trading activity has already been overtaken. This isn’t a coincidence—compliant stablecoins’ transfer efficiency and audit transparency are gradually eroding USDT’s moat. Key signals: USDC’s trading volume overtaking USDT means institutional capital is becoming more active on-chain, which is a long-term positive for the DeFi ecosystem. However, USDT’s over-the-counter premium and its foothold in emerging markets remain solid, so it won’t “collapse” in the short term. Outlook: Data for USDC-related ecosystems (DeFi, RWA) is skewed bullish. You can watch assets in the compliance-focused track. In the short term, USDT is still a liquidity anchor, but in the medium to long term, its market share will keep being chipped away. One-sentence summary: The compliance camp is voting with trading volume, and the stablecoin war has entered its second half. $BTC daily line sell point: $65378 Daily line buy point: $61297 $ETH daily line sell point: $1832 Daily line buy point: $1745 $BTC #BTC $ETH #ETH $USDC #USDC
USDC’s monthly trading volume surpasses USDT for the first time—will the stablecoin landscape be upended?

Odaily Planet Daily News Report: Data shows that in the stablecoin trading-volume race, USDC has for the first time taken the lead over USDT, with its monthly trading volume hitting a historic high. Circle’s compliance narrative is turning into real market share.

Backed by the U.S. regulatory framework, USDC has a clear preference from institutional funds. While USDT is still the market-cap heavyweight, its trading activity has already been overtaken. This isn’t a coincidence—compliant stablecoins’ transfer efficiency and audit transparency are gradually eroding USDT’s moat.

Key signals: USDC’s trading volume overtaking USDT means institutional capital is becoming more active on-chain, which is a long-term positive for the DeFi ecosystem. However, USDT’s over-the-counter premium and its foothold in emerging markets remain solid, so it won’t “collapse” in the short term.

Outlook: Data for USDC-related ecosystems (DeFi, RWA) is skewed bullish. You can watch assets in the compliance-focused track. In the short term, USDT is still a liquidity anchor, but in the medium to long term, its market share will keep being chipped away.

One-sentence summary: The compliance camp is voting with trading volume, and the stablecoin war has entered its second half.

$BTC daily line sell point: $65378 Daily line buy point: $61297
$ETH daily line sell point: $1832 Daily line buy point: $1745
$BTC #BTC $ETH #ETH $USDC #USDC
BTC 24h slightly up 0.34%, but the funding rate has fallen to zero—are the longs just “playing dead,” or are they genuinely too timid? Last night, Bitcoin (the big one) rebounded from the low of 61,297 and bounced up to 63,910. It looks strong, but in reality it’s mainly driven by the U.S. stock market’s late-session move. The 24h trading volume is 15.12B, which looks lively, yet the funding rate has already been suppressed to 0.0001—nearly zero. What does that mean? The longs haven’t added positions, and the shorts haven’t really pressed either; the whole market is waiting for a direction. Key levels: ① 64,000 is the short-term watershed. If it can’t hold, it’s a false breakout; watch for a pullback to 61,297, the prior low ② 64,691 is the 24h high. Only a breakout will provide momentum to target 65,378 (R1) ③ If the funding rate turns negative, it means the shorts start to have the advantage and downside risk increases ETH is even weaker. In the last 24h it’s basically flat. BNB did rise 1.5%, but its trading volume is only 0.35B—classic “pump without follow-through.” The market is educating investors: don’t get excited just because it’s green or red; breakouts without volume are paper tigers. Directional bias: data is leaning bearish. If BTC can’t hold 64,000, downside risk increases; a break below 63,000 puts 61,297 support in focus. ETH looks weak, and BNB “dancing alone” isn’t sustainable. $BTC day line sell point: $65,378 day line buy point: $61,297 $ETH day line sell point: $2,086 day line buy point: $1,988 $BNB day line sell point: $596 day line buy point: $573 $BTC #BTC $ETH #ETH $BNB #BNB
BTC 24h slightly up 0.34%, but the funding rate has fallen to zero—are the longs just “playing dead,” or are they genuinely too timid?

Last night, Bitcoin (the big one) rebounded from the low of 61,297 and bounced up to 63,910. It looks strong, but in reality it’s mainly driven by the U.S. stock market’s late-session move. The 24h trading volume is 15.12B, which looks lively, yet the funding rate has already been suppressed to 0.0001—nearly zero. What does that mean? The longs haven’t added positions, and the shorts haven’t really pressed either; the whole market is waiting for a direction.

Key levels:
① 64,000 is the short-term watershed. If it can’t hold, it’s a false breakout; watch for a pullback to 61,297, the prior low
② 64,691 is the 24h high. Only a breakout will provide momentum to target 65,378 (R1)
③ If the funding rate turns negative, it means the shorts start to have the advantage and downside risk increases

ETH is even weaker. In the last 24h it’s basically flat. BNB did rise 1.5%, but its trading volume is only 0.35B—classic “pump without follow-through.” The market is educating investors: don’t get excited just because it’s green or red; breakouts without volume are paper tigers.

Directional bias: data is leaning bearish. If BTC can’t hold 64,000, downside risk increases; a break below 63,000 puts 61,297 support in focus. ETH looks weak, and BNB “dancing alone” isn’t sustainable.

$BTC day line sell point: $65,378 day line buy point: $61,297
$ETH day line sell point: $2,086 day line buy point: $1,988
$BNB day line sell point: $596 day line buy point: $573
$BTC #BTC $ETH #ETH $BNB #BNB
Iran missile attack on merchant ships sparks heightened evasion as tensions rise, BTC holds above $64,000 📰 Crypto Morning News | 2026-07-07 09:00 🔥 Major Events 1. Iran fires missiles at merchant ships in the Strait of Hormuz — Axios citing U.S. officials: Iran fired missiles at at least two merchant vessels, sharply increasing geopolitical risk; crude oil and safe-haven assets may receive a short-term boost. 2. Nvidia denies Kyber architecture delay — In response to reports from SemiAnalysis that Kyber could be pushed to 2028, Nvidia clearly denied it; the stock was still up about 1.2% intraday. 3. James Wynn accumulates $22.06 million loss on 50x SP500 short — In the past 6 days, there were 4 partial liquidations; current ROE is -108.83%, and the liquidation price is only 0.24% away from the current price. 4. 40B Bonk tokens flow into OKX — 40B BONK was sent to OKX; 4.38T remains on the Solana chain, and the team is coordinating with exchanges. 📊 Market Data 5. Empery Digital increases BTC holdings by 1,200 in 6 days — Worth $72.65 million; continued institutional buying suggests a long-term bullish view. 6. Ark Invest buys 21,497 shares of Bullish — Worth about $570,000; BLSH rose 3.91% on Monday. 7. U.S. HYPE spot ETF sees a single-day net inflow of $8.43 million — Total net asset value reaches $371 million; cumulative net inflows total $307 million. 8. South Korea’s KOSPI plunges 4%, Samsung Electronics drops 5% — Driven by adjustments to earnings guidance and global chip demand expectations. 9. Chip stocks lead the rally; S&P 500 poised to break 8,000 — Of the top 10 best-performing S&P 500 stocks this year, 8 come from the chip sector. 🏛️ Regulatory Policy 10. Hong Kong launches a Gold Central Clearing and Settlement System — Strengthening Hong Kong’s position as an international financial center and precious metals trading hub. 11. Former Tether CIO plans to sell a small amount of Tether shares — Richard Heathcote is working with PJT Partners regarding part of his 1.26% stake. 💡 Project Updates 12. Kaia Chain JPYC circulating supply surpasses 1 billion yen — About $100 million, showing its competitiveness in Asia’s payments sector. 13. Polymarket team seeks experts in tokenomics models — Sparking speculation in the market about a possible token launch. 14. Container shipping index (Europe lines) falls more than 4% — Currently at 2,469.5 points, reflecting a marginal slowdown in global trade demand. 📊 Market Overview - BTC: $64,144.6 | 24h +0.70% | Funding rate 0.01% - ETH: $2,522.8 | 24h +1.89% | Funding rate 0.01% - BNB: $584.9 | 24h +1.21% 📍 Daily Buy/Sell Levels - BTC daily sell point $65,378 | daily buy point $63,067 - ETH daily sell point $2,597 | daily buy point $2,456 - BNB daily sell point $596 | daily buy point $573 $BTC #BTC $ETH #ETH
Iran missile attack on merchant ships sparks heightened evasion as tensions rise, BTC holds above $64,000
📰 Crypto Morning News | 2026-07-07 09:00

🔥 Major Events
1. Iran fires missiles at merchant ships in the Strait of Hormuz — Axios citing U.S. officials: Iran fired missiles at at least two merchant vessels, sharply increasing geopolitical risk; crude oil and safe-haven assets may receive a short-term boost.
2. Nvidia denies Kyber architecture delay — In response to reports from SemiAnalysis that Kyber could be pushed to 2028, Nvidia clearly denied it; the stock was still up about 1.2% intraday.
3. James Wynn accumulates $22.06 million loss on 50x SP500 short — In the past 6 days, there were 4 partial liquidations; current ROE is -108.83%, and the liquidation price is only 0.24% away from the current price.
4. 40B Bonk tokens flow into OKX — 40B BONK was sent to OKX; 4.38T remains on the Solana chain, and the team is coordinating with exchanges.

📊 Market Data
5. Empery Digital increases BTC holdings by 1,200 in 6 days — Worth $72.65 million; continued institutional buying suggests a long-term bullish view.
6. Ark Invest buys 21,497 shares of Bullish — Worth about $570,000; BLSH rose 3.91% on Monday.
7. U.S. HYPE spot ETF sees a single-day net inflow of $8.43 million — Total net asset value reaches $371 million; cumulative net inflows total $307 million.
8. South Korea’s KOSPI plunges 4%, Samsung Electronics drops 5% — Driven by adjustments to earnings guidance and global chip demand expectations.
9. Chip stocks lead the rally; S&P 500 poised to break 8,000 — Of the top 10 best-performing S&P 500 stocks this year, 8 come from the chip sector.

🏛️ Regulatory Policy
10. Hong Kong launches a Gold Central Clearing and Settlement System — Strengthening Hong Kong’s position as an international financial center and precious metals trading hub.
11. Former Tether CIO plans to sell a small amount of Tether shares — Richard Heathcote is working with PJT Partners regarding part of his 1.26% stake.

💡 Project Updates
12. Kaia Chain JPYC circulating supply surpasses 1 billion yen — About $100 million, showing its competitiveness in Asia’s payments sector.
13. Polymarket team seeks experts in tokenomics models — Sparking speculation in the market about a possible token launch.
14. Container shipping index (Europe lines) falls more than 4% — Currently at 2,469.5 points, reflecting a marginal slowdown in global trade demand.

📊 Market Overview
- BTC: $64,144.6 | 24h +0.70% | Funding rate 0.01%
- ETH: $2,522.8 | 24h +1.89% | Funding rate 0.01%
- BNB: $584.9 | 24h +1.21%

📍 Daily Buy/Sell Levels
- BTC daily sell point $65,378 | daily buy point $63,067
- ETH daily sell point $2,597 | daily buy point $2,456
- BNB daily sell point $596 | daily buy point $573

$BTC #BTC $ETH #ETH
Strategy’s Rare BTC Dump of 3,588 Coins: Has Saylor’s “Never Sell” Belief Collapsed? 📍 Background Strategy (formerly MicroStrategy, led by Michael Saylor) pulled off a shocking move last week: between June 29 and July 5, the company sold a total of 3,588 BTC in two separate transactions, raising about $216 million in cash. This is a rare form of主动减持 (active reduction) in Strategy’s history, marking a major shift away from the “never sell” strategy Saylor has long promoted. 📋 Core Breakdown 1. Trade Details: - June 29–30: Sold 1,363 BTC, raised $80.8 million, average price about $59,256 - July 1–5: Sold 2,225 BTC, raised $135.2 million, average price about $60,773 - Combined average selling price about $60,197, versus the company’s average cost basis of $75,476—loss of roughly $15,279 per coin - Total realized loss of about $55.45 million 2. Use of Funds: - Pay dividends on Digital Credit preferred stock (STRF, STRE, STRK, STRD, STRC, etc.) - Top up the USD reserve to $2.55 billion 3. Current Holdings: - Still holds 843,775 BTC, with a total cost basis of about $63.69 billion - Average buy price around $75,476 - Digital asset book value about $49.67 billion (Q2 end data) 4. Policy Context: - This action aligns with the company’s previously announced “BTC Monetization Program” - The plan authorizes selling up to $1.25 billion worth of BTC to meet dividend and debt obligations - Q2 2026 earnings: unrealized losses on digital assets resulted in a $8.32 billion accounting loss 🔑 Key Logic Analysis Saylor’s “never sell” narrative was a spiritual totem for Bitcoin believers. Even though this sell-off is relatively small compared to its total holdings (only about 0.4%), the symbolic meaning goes far beyond the raw numbers. First, this is Strategy’s first systematic use of BTC as a “cash cow”—not an emergency liquidation, but active monetization built into routine financial planning. The company clearly ties BTC sales to preferred stock dividends, implying the potential formation of a “sell coins to pay interest/dividends” cycle. Second, the timing is telling. BTC briefly dipped below $60,000 at the end of June. Strategy chose to cut losses in the $59,000–$61,000 range rather than waiting for a rebound. This suggests that cash-flow pressure may be greater than it appears on the surface—the preferred dividend commitment is a hard constraint, while unrealized losses on BTC holdings (about $8.3 billion based on Q2 data) can no longer be masked by accounting treatment. A deeper signal: if even the most steadfast institutional bulls start using BTC to cover operating expenses, should the market reassess the positioning of “digital gold” as a reserve asset? Saylor himself confirmed the transactions on X, carefully emphasizing “maintaining the 843,775 BTC reserve” to downplay the significance of the sell-off, but the market’s interpretation is no longer reversible. 💡 Impact on the Crypto Market 1. Sentiment: Strategy’s sell-off may be seen as a sign that institutional confidence is wavering. While the single batch is not large, if it evolves into a recurring pattern of selling BTC to pay dividends/interest, it could create ongoing sell pressure on the secondary market. 2. Price Factors: The potential authorization to sell 843,775 BTC (the $1.25B plan) equals sell capacity of roughly 20,000 BTC. Given current market depth, this is not a number that can be ignored. 3. Narrative: Cracks appear in the “corporate hoarding BTC and never sell” story. Other companies that follow Strategy (such as Tesla, Block, etc.) may re-evaluate the sustainability of their BTC treasury policies. 4. Regulatory Angle: Transparent disclosure via SEC filings is a positive signal, but large unrealized losses could also draw regulatory attention regarding the company’s financial soundness. 📊 Data Support - Strategy selling average price: $60,197 - Company average cost basis: $75,476 - Realized loss per coin: about $15,279 - Total realized loss: about $55.45 million - Current BTC price: $63,779 (about 6% higher than the selling average) - Company BTC reserves: 843,775 BTC (worth about $53.8 billion) - USD reserves: $2.55 billion - Q2 digital asset book loss: $8.32 billion $BTC daily line selling point: $64269 daily line buying point: $61297 $ETH daily line selling point: $2584 daily line buying point: $2486 $BTC #BTC $ETH #ETH
Strategy’s Rare BTC Dump of 3,588 Coins: Has Saylor’s “Never Sell” Belief Collapsed?

📍 Background

Strategy (formerly MicroStrategy, led by Michael Saylor) pulled off a shocking move last week: between June 29 and July 5, the company sold a total of 3,588 BTC in two separate transactions, raising about $216 million in cash. This is a rare form of主动减持 (active reduction) in Strategy’s history, marking a major shift away from the “never sell” strategy Saylor has long promoted.

📋 Core Breakdown

1. Trade Details:
- June 29–30: Sold 1,363 BTC, raised $80.8 million, average price about $59,256
- July 1–5: Sold 2,225 BTC, raised $135.2 million, average price about $60,773
- Combined average selling price about $60,197, versus the company’s average cost basis of $75,476—loss of roughly $15,279 per coin
- Total realized loss of about $55.45 million

2. Use of Funds:
- Pay dividends on Digital Credit preferred stock (STRF, STRE, STRK, STRD, STRC, etc.)
- Top up the USD reserve to $2.55 billion

3. Current Holdings:
- Still holds 843,775 BTC, with a total cost basis of about $63.69 billion
- Average buy price around $75,476
- Digital asset book value about $49.67 billion (Q2 end data)

4. Policy Context:
- This action aligns with the company’s previously announced “BTC Monetization Program”
- The plan authorizes selling up to $1.25 billion worth of BTC to meet dividend and debt obligations
- Q2 2026 earnings: unrealized losses on digital assets resulted in a $8.32 billion accounting loss

🔑 Key Logic Analysis

Saylor’s “never sell” narrative was a spiritual totem for Bitcoin believers. Even though this sell-off is relatively small compared to its total holdings (only about 0.4%), the symbolic meaning goes far beyond the raw numbers.

First, this is Strategy’s first systematic use of BTC as a “cash cow”—not an emergency liquidation, but active monetization built into routine financial planning. The company clearly ties BTC sales to preferred stock dividends, implying the potential formation of a “sell coins to pay interest/dividends” cycle.

Second, the timing is telling. BTC briefly dipped below $60,000 at the end of June. Strategy chose to cut losses in the $59,000–$61,000 range rather than waiting for a rebound. This suggests that cash-flow pressure may be greater than it appears on the surface—the preferred dividend commitment is a hard constraint, while unrealized losses on BTC holdings (about $8.3 billion based on Q2 data) can no longer be masked by accounting treatment.

A deeper signal: if even the most steadfast institutional bulls start using BTC to cover operating expenses, should the market reassess the positioning of “digital gold” as a reserve asset? Saylor himself confirmed the transactions on X, carefully emphasizing “maintaining the 843,775 BTC reserve” to downplay the significance of the sell-off, but the market’s interpretation is no longer reversible.

💡 Impact on the Crypto Market

1. Sentiment: Strategy’s sell-off may be seen as a sign that institutional confidence is wavering. While the single batch is not large, if it evolves into a recurring pattern of selling BTC to pay dividends/interest, it could create ongoing sell pressure on the secondary market.

2. Price Factors: The potential authorization to sell 843,775 BTC (the $1.25B plan) equals sell capacity of roughly 20,000 BTC. Given current market depth, this is not a number that can be ignored.

3. Narrative: Cracks appear in the “corporate hoarding BTC and never sell” story. Other companies that follow Strategy (such as Tesla, Block, etc.) may re-evaluate the sustainability of their BTC treasury policies.

4. Regulatory Angle: Transparent disclosure via SEC filings is a positive signal, but large unrealized losses could also draw regulatory attention regarding the company’s financial soundness.

📊 Data Support

- Strategy selling average price: $60,197
- Company average cost basis: $75,476
- Realized loss per coin: about $15,279
- Total realized loss: about $55.45 million
- Current BTC price: $63,779 (about 6% higher than the selling average)
- Company BTC reserves: 843,775 BTC (worth about $53.8 billion)
- USD reserves: $2.55 billion
- Q2 digital asset book loss: $8.32 billion

$BTC daily line selling point: $64269 daily line buying point: $61297
$ETH daily line selling point: $2584 daily line buying point: $2486
$BTC #BTC $ETH #ETH
Strategy Begins Large-Scale BTC Selling: Does the “Never Sell” Narrative End? According to Odaily, on X, Jiang Zhuoer stated that Strategy (formerly MicroStrategy) has sold 3,588 bitcoins, raising approximately $216 million. This marks the company’s first large-scale de-leveraging in its history and directly challenges its long-standing core narrative of “never selling.” More notably, Strategy currently still holds about $2.55 billion in cash reserves, enough to cover 17.6 months of interest expenses. In a scenario of “not short of money,” choosing to actively sell BTC rather than fund operations via issuing ordinary shares suggests the company’s capital strategy is undergoing a fundamental shift. Jiang Zhuoer further speculated that the 20,000 BTC approved by the shareholders meeting will most likely be sold in full. From market data, BTC is currently trading at $62,302. The 24h move is down 0.77%, the funding rate is only 0.01%, and market sentiment is cautious. As one of the largest institutional BTC longs, Strategy’s selling behavior carries much more symbolic impact on the market than actual sell pressure—it undermines the foundation of the belief in “institutions hoarding forever.” Directional outlook: Slightly bearish in the short term. If Strategy continues to execute the remaining plan to sell 20,000 BTC, the $60,000 psychological level will face a test. Key support below is $61,297 (today’s low). If it breaks, look for the $60,000 integer level to come under pressure. Overhead resistance is $63,990. One-sentence summary: The giant whale is starting to loosen its grip on belief, while retail traders are still waiting for an “institutional backstop”—this time, maybe no one will backstop. $BTC daily selling point: $64,269 Daily buying point: $60,335 $ETH daily selling point: $2,086 daily buying point: $1,988 $BTC #BTC $ETH #ETH
Strategy Begins Large-Scale BTC Selling: Does the “Never Sell” Narrative End?

According to Odaily, on X, Jiang Zhuoer stated that Strategy (formerly MicroStrategy) has sold 3,588 bitcoins, raising approximately $216 million. This marks the company’s first large-scale de-leveraging in its history and directly challenges its long-standing core narrative of “never selling.”

More notably, Strategy currently still holds about $2.55 billion in cash reserves, enough to cover 17.6 months of interest expenses. In a scenario of “not short of money,” choosing to actively sell BTC rather than fund operations via issuing ordinary shares suggests the company’s capital strategy is undergoing a fundamental shift. Jiang Zhuoer further speculated that the 20,000 BTC approved by the shareholders meeting will most likely be sold in full.

From market data, BTC is currently trading at $62,302. The 24h move is down 0.77%, the funding rate is only 0.01%, and market sentiment is cautious. As one of the largest institutional BTC longs, Strategy’s selling behavior carries much more symbolic impact on the market than actual sell pressure—it undermines the foundation of the belief in “institutions hoarding forever.”

Directional outlook: Slightly bearish in the short term. If Strategy continues to execute the remaining plan to sell 20,000 BTC, the $60,000 psychological level will face a test. Key support below is $61,297 (today’s low). If it breaks, look for the $60,000 integer level to come under pressure. Overhead resistance is $63,990.

One-sentence summary: The giant whale is starting to loosen its grip on belief, while retail traders are still waiting for an “institutional backstop”—this time, maybe no one will backstop.

$BTC daily selling point: $64,269 Daily buying point: $60,335
$ETH daily selling point: $2,086 daily buying point: $1,988
$BTC #BTC $ETH #ETH
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