majorcoin

Strategy 又双叒叒卖 BTC 了，这次直接砸盘 1,690 枚，比特币短线跌破 64,000 美元。

說白了，MicroStrategy 这波操作已经不是"信仰持有"那么简单了——为了回购优先股，居然直接在市场上抛售 BTC，这意味着什么？

First, the cost of preferred-share financing starts to backfire. Previously, MSTR issued convertibles and preferred shares and used leverage to buy Bitcoin, enjoying the asset-expansion dividend from the rise of $BTC ; but when prices fall and the premium narrows, the repayment pressure of these interest-bearing instruments becomes apparent. Repurchasing preferred shares, in essence, is about repairing the balance sheet, but the price is sacrificing the core assets in hand.

Second, the market is naturally sensitive to this kind of "selling coins to self-rescue." The scarcity of $BTC has long been the foundation of the narrative. Any major holder selling—even if the scale is relatively limited (1690 BTC is a little over $100 million)—will trigger panic. And especially when the company itself is the banner of "corporate holders of Bitcoin."

Third, in the short term, it looks like liquidity management; in the long run, it signals a turning point in the leverage cycle. If $BTC continues to trade sideways or even dips further, MSTR will likely take more similar actions, and every sell will become ammunition for the bears.

So here’s the question: when you see news like "a listed company sells Bitcoin to repurchase shares," is your first reaction to run or to buy?

#Bitcoin #majorcoin

【Strategy's Selling Triggers Market Turbulence】

A long-established micro-strategy firm has once again drawn market attention—recently selling 1,690 BTC to repurchase preferred shares. This move directly caused $BTC to briefly break below the $64,000 mark.

Selling off its own holdings isn’t huge in size, but the signal is intriguing:

First, liquidity priority. When a company’s own capital needs become urgent, even staunch holders have to “hand over chips” to the market. This serves as a reminder that the so-called “long-term holding” narrative can be fragile under corporate financial pressure.

Second, market sentiment leverage. 1,700 BTC is a drop in the bucket relative to the network’s hash power and circulating supply, yet it’s enough to trigger a drawdown of a thousand points. This suggests that the current long-versus-short battle is in an extremely sensitive range, dominated by leveraged positions and emotion-driven trading.

Third, a new institutional behavior paradigm. Once, piling on leverage to hoard coins was an act of belief. Now, reducing exposure to repurchase has become a routine tool. The interaction logic between institutions and the secondary market is being rewritten.

In the short term, if the $64,000 support level fails again, it could unleash an even deeper liquidation cascade. Over the medium to long term, we need to watch whether Strategy continues to sell, and whether other “coin-hoarding listed companies” will follow suit and adjust their strategies.

Rather than saying this downturn reflects deteriorating fundamentals, it looks more like a stress test—a collision between institutional capital structures and retail investors’ sentiment.

#Bitcoin #majorcoin #Strategy

Bitcoin ETF ends five-day streak of gains with net outflow of $145 million

Market data shows that yesterday Bitcoin spot ETFs recorded a net outflow of $145 million, officially ending the previous streak of net inflows over five consecutive trading days. $IBIT led the outflow in this shift, and market sentiment has turned from earlier optimism to cautious waiting.

From an on-chain structure perspective, this outflow is more indicative of short-term profit-taking rather than a reversal in long-term allocation trends by institutions. The sustained inflows over the previous five trading days have already built a relatively solid depth of liquidity to absorb the market. The short-term withdrawal of funds has not yet caused a material impact on the spot price action. $BTC remains within its recent trading range on major exchanges, without any clear increase in sell-off volume.

Of note is that ETF channel fund flows have long been a barometer for traditional capital entering the market. The pattern of five days of inflows followed by one day of outflow suggests that long and short forces are re-engaging in a new round of competition. If the outflow trend continues for more than two trading days, it may break the current consolidation pattern.

#Bitcoin #ETF #majorcoin

Strategy sells 1,690 BTC to repurchase preferred shares first; after the news landed, BTC briefly fell below $64,000.

From a trading perspective, the direct catalyst for this leg of the decline is MSTR’s asset reallocation actions, not spot selling pressure. 1,690 BTC at the current price is equivalent to about $108 million, which is relatively modest in size. However, market expectations of “a listed company using its Bitcoin reserves to repay debts” have clearly weakened, and short-term sentiment has shifted from bullish to wait-and-see.

From the positioning logic, the preferred dividend is a fixed cost. Strategy repurchasing using BTC-denominated assets during a BTC drawdown period is a classic “lower the cost of financing” move. Near-term price pressure is high, but in the long run, there hasn’t been a significant outflow of chips; instead, it has further strengthened the stability of its capital structure.

This behavior of exchanging BTC for financing instruments in itself does not constitute a fundamental deterioration. But volatility amplification is already a fact. In the short term, watch whether the $63,500 support holds; if it stabilizes above it, then it would be a repair structure consistent with “bad news exhausted.”

It’s important to note that event-driven selloffs are fundamentally different from trend reversals. The selling of 1,690 BTC does not represent a substantive change in supply-demand structure. Leverage liquidations and sentiment amplification are the real causes. In terms of execution, avoid chasing shorts; focus instead on right-side signals after key levels stabilize.

#Bitcoin #majorcoin #Strategy

CME hedge funds have unusually flipped to $BTC futures net long, while Binance perpetual futures trading volume has fallen to a five-year low.

On one side, traditional institutions are quietly building long positions; on the other, crypto-native exchanges are continuing to bleed activity. The "divergence" in capital flows is becoming increasingly obvious.

When the two signals appear at the same time, it often means a market shift is not far away. Institutions are accumulating at low levels, while retail and short-term traders are stepping aside and watching; the handover of positions is quietly taking place.

What to watch next:
· Whether CME positioning data can continue to rise
· Changes in Binance perpetual funding rates and long/short ratios
· Whether spot ETF capital inflows cooperate

Historical experience suggests: when institutional positioning and retail activity diverge to extremes, it is often the starting point of a major trend reversal.

#Bitcoin #majorcoin

CME hedge funds unusually turned $BTC futures into net longs, while at the same time Binance perpetual contract trading volume fell to a five-year low.

It’s interesting to look at the two signals together: institutions are quietly bullish on the CME, but retail traders’ speculative enthusiasm on Binance has hit a near-freezing point. The clear divergence between institutional and retail positioning is often a sign worth watching for before a market turning point.

On one side, “smart money” is building positions at lower levels in traditional markets; on the other, crypto-native exchanges are deleveraging. The market structure is quietly being reshaped. The next phase of the battle between bulls and bears could be more exciting than you might think.

#BTC #Bitcoin #majorcoin

July CPI falls to 3.4%; the odds of a September rate hike drop to 34%, yet BTC is actually weaker.

The data clearly sends a “inflation is cooling” signal, but the market chooses to react downward instead—this kind of “good news priced in” reversal often indicates that rate-cut expectations have already been fully discounted, and in the short term, trading sentiment overwhelms macro logic.

Two things to watch next: first, whether tonight there will be any new policy remarks that break the current expectation gap; second, whether on-chain capital flows show sustained abnormal movements. When technical and macro signals diverge, liquidity/flow signals are often more truthful.

Rate-cut expectations ≠ immediate rise; timing matters more than direction.

#Bitcoin #majorcoin #macro

Arthur Hayes speaks again, bullish on Bitcoin and gold, believing that amid a backdrop of easy macro liquidity, these two asset classes remain the best hedging choices. Notably, he specifically mentioned that $ENA rose 3.6% on the day, as recognition of the Ethena dollar-stablecoin narrative, combined with intensifying expectations of Federal Reserve rate cuts—giving BTC the potential to show an independent run in Q4.

At this stage, gold is hitting new highs and Bitcoin is gearing up to launch, while DeFi yield-based stablecoin tracks like $ENA have also begun to attract mainstream capital; the three are converging in momentum. Hayes’s views have always been forward-looking and are worth closely monitoring for his subsequent remarks.

#Bitcoin #Ethena #majorcoin

Arthur Hayes speaks again, bullish on $BTC and gold, with $ENA rising 3.6% on the same day.

While the big shots back macro assets, the DeFi sector also starts to move. Hayes’s views are often seen as a barometer for capital rotation—when traditional safe-haven assets and major crypto assets are both highlighted, it suggests he favors the "hard assets" narrative more.

$ENA strengthened against the trend the same day—does it indicate that decentralized stablecoins and yield-bearing assets are gaining fresh attention? Keep an eye on subsequent capital flows.

#Bitcoin #Ethena #majorcoin

Arthur Hayes latest views: bullish on Bitcoin and gold, while $ENA rose 3.6% on the day—worth keeping an eye on.

As a co-founder of BitMEX, Hayes’s macro judgment has long been a bellwether for the market. He again emphasized the safe-haven value of Bitcoin and gold. The underlying logic is clear: against the backdrop of global liquidity changes, these two asset classes still serve as a refuge for capital.

Meanwhile, $ENA strengthening against the trend suggests that the market still has high expectations for Ethena’s USDe stablecoin mechanism. The decentralized stablecoin race is fierce. Ethena has drawn significant attention by combining a delta-neutral strategy with yield from real-world assets.

To sum up:
- Bitcoin + gold: a traditional macro-hedging portfolio; the long-term bullish logic remains
- $ENA : short- to mid-term sentiment repair; the 3.6% rally could be the start of a new narrative cycle

Of course, chasing momentum should be done cautiously. Hayes’s views can be referenced, but position management is more important.

#Bitcoin #Ethena #majorcoin

The news that Strategy sold 1,690 shares of its $BTC preferred stock to buy back preferred shares briefly pushed Bitcoin below $64,000.

As a former representative of the "buy and never sell" camp, Strategy’s move dealt a notable psychological blow — the market worry is that even the staunchest HODLers are starting to cash out, and whether institutional confidence is beginning to weaken.

From the chart perspective, the combination of the news and a softer macro mood led BTC to lose a key support level, triggering a wave of cascading liquidations and increasing short-term volatility. But there is another interpretation: Strategy sold BTC to acquire STRF preferred stock, effectively swapping coin-denominated liabilities for fiat-denominated liabilities, so the structure of its balance sheet has not actually deteriorated.

Regardless of which interpretation you prefer, weaker short-term sentiment is now a fact. The key is whether the area around 62,000 can hold — if it does, this is a fear-driven shakeout; if it doesn’t, a larger downside may open up.

In terms of action, don’t rush to buy the dip; it’s not too late to wait for a right-side signal before stepping in.

#Bitcoin #majorcoin #Strategy

BIP-110 Fork Drama Ends: After Eight Hours, Only Two Blocks Were Extracted, and Even the Proposal Author Luke Dashjr Was Suggested for Removal.

Honestly, this storyline is even more awkward than many people expected. A proposal that claims to “purify Bitcoin” ultimately couldn’t even secure support from miners. In plain terms, the market has already voted with its feet—miners have signaled with their hash power, and the Bitcoin ecosystem doesn’t need this kind of aggressive change of course.

This incident also once again reminds us: Bitcoin’s core value lies in stability and consensus. Any attempt to force an agenda through a hard fork may ultimately be met with a reality check from the community’s rationality and the constraints of real hash power. Luke Dashjr has long positioned himself as a “Bitcoin fundamentalist,” but history has repeatedly shown that fighting alone usually doesn’t bring victory.

In the short term, this failure weakens the extremists’ volume, but it may also plant seeds for future controversy. In the long run, the resilience of decentralized governance—$BTC —has once again been validated.

#Bitcoin #majorcoin

Trezor data leak: 11,700 users—are your hardware wallets still safe?

Recently, hardware wallet provider Trezor was reported to have exposed users’ addresses and phone numbers, bringing the old “physical security” issue back into the spotlight.

A few points worth paying attention to:

1. This is not a “crack” of the cold wallet itself. Instead, user information was scraped from a centralized database. Your hardware wallet’s seed phrase remains secure, but attackers now know “you have money” and “where you live.”

2. Large holders such as $BTC are not facing theft online—they face targeted threats in the real world, such as robbery, kidnapping, and extortion. Address + name + phone number are enough for criminals to carry out social engineering attacks.

3. The industry has long neglected the idea that “privacy is security.” On-chain addresses being transparent is a double-edged sword; when combined with off-chain information leaks, anonymity is effectively reduced to near zero.

4. A cold wallet is not a cloak of invisibility. The right approach should include: using new addresses, avoiding linking cold wallet addresses to real-name KYC platforms, not exposing your holdings on social media, distributing storage, using multi-signature solutions, and more.

Hardware wallets are still one of the safest ways to self-custody, but this incident reminds us:

True security comes from a three-part combination: “on-chain privacy + off-chain isolation + physical discretion.”

Are you still using Trezor? Would you switch brands because of this?

#Trezor #Bitcoin #majorcoin

A two-day plunge of 44.5%, yet BICO’s daily trading volume still surged to $1.01 billion, topping the volume leaderboard.

This “price avalanche, but the hype doesn’t die” phenomenon usually happens in two situations: first, the project team or large holders distribute heavily at high levels while retail traders keep the game going; second, both long and short get liquidated in the derivatives market, amplifying trading activity in the short term. #Biconomy is still able to maintain high trading volume because capital attention hasn’t really cooled off—more likely, the same set of coins is churning rapidly through sharp rotations.

For ordinary investors, the most dangerous thing isn’t the crash that has already happened, but the urge to bottom-fish triggered by the “#1 in trading volume” label. A deep drop with high volume only signals that the disagreement is intense; it doesn’t mean a bottom has formed. A bottom is never guessed from sentiment—it’s confirmed when volume-price structure, on-chain data, and fundamentals all converge.

In the short term, focus on the following:

1. After a blowout volume spike, whether trading volume continues to contract and stabilize—not whether it rallies again just to dump;
2. Changes in the number of on-chain token-holding addresses and large holders’ positions, to see whether the supply is dispersing or becoming even more concentrated;
3. The project team’s partnership progress and whether the technical roadmap can be implemented, and whether it can provide fresh narrative support.

If all three signals turn positive, then consider testing with a small position. If the market is still in a phase of heavy-volume drifting downward, staying on the sidelines is the best strategy. #majorcoin

U.S. July CPI falls to 3.4%, and market expectations for a September rate hike also drop to 34%.

In theory, easing rate pressure and improving liquidity expectations should be positive for risk assets.

But this time, BTC has instead moved in the opposite direction of the “buy the expectation, sell the fact” pattern, and a pullback appears in the short term.

This suggests several issues:
1️⃣ The market has already priced in expectations of cooling CPI; when the data comes out, it becomes a signal for short-term profit-taking;
2️⃣ Investors care more about how long rates will stay at high levels, rather than whether a single month’s data looks good or bad;
3️⃣ Macro tailwinds are out of sync with market reaction, which often means sentiment remains relatively cautious in the short term, and the main players may be testing support below.

For traders, macro is just background noise—the real driver of direction is still liquidity conditions and market structure.

Signals worth tracking next include: remarks from Fed officials, the direction of the U.S. dollar index, and whether ETF flows show sustained signs of recovery. Until these signals become clear, range-bound trading remains the main theme—don’t rush to chase gains or panic-sell.

#BTC #majorcoin

July CPI data landed, with the year-over-year growth rate easing to 3.4%. The market had originally expected this to be a boon for risk assets, but the outcome ultimately disappointed the bulls.

Under the usual logic, cooling CPI means easing inflation pressure, narrowing the Fed’s room for further rate hikes. As a result, the probability of a September rate hike fell steadily from an earlier higher level to 34%. In theory, liquidity expectations should have improved at the margin, but BTC did not rise—instead, it fell. During the day, it showed a clear pullback.

This kind of "good news already used up" reaction is actually not hard to understand. The 3.4% inflation level is still far from the Fed’s 2% target. What the market is worried about is not rate hikes themselves, but the possibility that high interest rates will be maintained for longer. The "higher for longer" narrative reflected in interest-rate futures is replacing the optimistic expectation of "inflation peaking and rate hikes ending," and is becoming the new trading main theme.

For the crypto market, the real risk has never been a single CPI release, but rather the extension of the liquidity-tightening cycle. With funding costs staying high, both institutions and retail investors’ risk appetite will decline. As a high-beta asset class, digital assets inevitably come under pressure.

In the short term, BTC is likely to remain in a high-volatility range, lacking catalysts for an upside breakout. The key variables over the medium to long term still lie in the timing and intensity of any shift in Fed policy. #Bitcoin #majorcoin

The Bank of Russia sends a major signal: in 2026, it may allow compliant trading of $USDT and two other cryptocurrencies. What does this mean? Stablecoins in Russia’s financial system could gradually move from the “gray zone” toward a regulated framework. For ordinary users, compliance often means clearer tax rules and more defined channels for deposits and withdrawals, but it may also come with stricter KYC requirements and trading limits.

In the short term, this is more like a commentary on policy expectations; it is unlikely to immediately change the actual scale of $USDT’s use in cross-border payments in Russia. What’s truly worth watching is the specific list that follows, the whitelisted trading platforms, and the design of the RUB settlement channels.

As a practitioner and a long-term observer, I believe this news is more of a “directional signal” rather than a “get on board” signal. Before the regulatory details are released, blindly leveraging and betting on policy tailwinds often ends up making you the one left holding the emotional bubble. Be steadier, look farther ahead—it's more reliable than chasing the news.

#majorcoin

🚀 Russia’s central bank has new developments!

According to the latest reports, the Bank of Russia plans to open up compliant trading of $USDT and two other cryptocurrencies before 2026. If this move is implemented, it would mean that Russia’s market acceptance of stablecoins will increase significantly, and the compliance framework will be gradually strengthened.

For the market, this could bring several impacts worth paying attention to:

1️⃣ Once the compliance channel opens, $USDT’s use cases in Russia will become clearer
2️⃣ Cross-border payments and local trading demand may see new growth opportunities
3️⃣ A shift in regulatory stance could also affect policy directions for other emerging markets regarding crypto assets

Of course, this is still only a planning stage for now. Specific details, trading licenses, tax frameworks, and other provisions are still pending further official disclosure. It’s a near-term sentiment boost, but over the long term we still need to observe the actual implementation strength and the market’s reaction.

Do you think $USDT will perform next in the Russian market?💬

#USDT #majorcoin #Crypto market

The Bank of Russia plans to allow compliant trading of $USDT and two other cryptocurrencies by 2026.

This shift in stance—from an all-out ban to limited reopening—is worth watching. Launching compliant trading channels within a strict regulatory framework both responds to market demand and reflects how digital assets have become increasingly difficult to ignore in the global financial system.

If implemented, it would create new liquidity scenarios for $USDT in the Russian market, but the specific eligibility criteria, compliance requirements, and the identities of the other two coins still await further official disclosure.

Do you think this policy shift is a good move?

#USDT #majorcoin

Strategy sold coins again! This time it’s 1,690 BTC to repurchase preferred shares. After the news broke, $BTC saw a sharp move and the short-term price directly fell below $64,000.

Same old playbook or a new signal? Every time Strategy reduces its holdings, it feels like it’s stress-testing the market. This time the size isn’t small—definitely a near-term hit to sentiment, but it also depends on whether subsequent buy orders can step in.

The $64,000 level has strong psychological significance. If it breaks and then gets reclaimed, it shows bulls and bears are still fiercely battling. Don’t rush to bottom-fish in the short term—wait for more solid stabilization signals.

What do you think about this sell-off? Is it really a cash crunch, or is there another plan in place?

#Bitcoin #majorcoin