Bitcoin reacted more strongly than major equity markets to softer US inflation, highlighting a growing sensitivity to macro liquidity conditions. On-chain data suggests selling pressure from long-term holders is easing while buyers absorbed much of June’s decline. The short-term holder cost basis near US$69,000 (AU$100,050) is emerging as the next major resistance, with stronger spot […]
Phong Le told Bloomberg Television the US$3 billion reserve strengthens liquidity and reassures preferred shareholders after their feedback, with no change to the Bitcoin thesis. Strategy made no BTC purchases or sales between July 6 and 12; it holds 843,775 BTC acquired for US$63.69 billion, the largest identified corporate stash. Le said the company’s roughly […]
US consumer prices fell 0.4% in June, the largest one-month decrease since April 2020, taking annual inflation to 3.5% from 4.2%, the Bureau of Labor Statistics reported on July 14. Bitcoin traded near US$64,700 (AU$93,218), up about 3.5% in 24 hours, while Ether outperformed at about US$1,875 (AU$2,700), up roughly 5.2%, according to CoinGecko data. […]
On-chain trackers Lookonchain and Onchain Lens flagged the transfer of 2,931 BTC worth about US$188 million on Sunday, citing Arkham data. The coins arrived in October 2018 when Bitcoin traded near US$6,513, putting the stash’s value at about US$19 million when it was received. The destination is an unmarked wallet with no known exchange or […]
Michael Saylor wrote on X that “there are 110 things more dangerous to Bitcoin than spam” and argued the proposal turns a spam dispute into a consensus change. Blockstream CEO Adam Back described the proposal as a “quest to police other people” and said it conflicts with Bitcoin’s permissionless design. BIP-110 would cap data-carrying transaction […]
Michael Saylor posted Strategy’s Bitcoin acquisition chart on X on Sunday, captioned “Orange dots tell only part of the story.” The post came six days after Strategy disclosed the sale of 3,588 BTC for about US$216 million (AU$311 million), the largest in its history, to fund preferred-stock dividends. Strategy held 843,775 BTC and US$2.55 billion […]
Bitwise senior investment strategist Juan Leon characterised the roughly 50% drawdown as Bitcoin’s mildest structural bear market on record, against 78% in 2022 and 84% in 2018. CryptoQuant’s July 8 report put its Bull Score Index at 20, well below the 60 it says a sustainable rally requires, and read the rebound from about US$57,700 […]
Bitcoin traded near US$61,800 on July 8, roughly 51% below its October 2025 record above US$126,000. Standard Chartered’s Geoffrey Kendrick says the cycle bottomed at about US$59,000 on June 5 and keeps a US$100,000 (AU$144,000) year-end target. Galaxy Research’s base case puts the low between US$40,000 and US$46,000 before the fourth quarter of 2026, and […]
Bitcoin rose nearly 10% over the past week to about US$64,023, touching a two-week high above US$64,500. Market maker Wintermute called the move a “textbook relief rally” driven by macro easing, a dovish Fed and Ethereum headlines. Bitcoin remains down about 50% from its October record of US$126,080, and Wintermute wants sustained inflows before calling […]
Bitcoin climbed to US$63,450 on Saturday before settling near US$62,700, the level of its closely watched 200-week moving average. A short squeeze drove the move, with about US$167 million in crypto positions liquidated over 24 hours as forced buying lifted the price. Traders flagged that the past seven Mondays have all delivered sell-offs, leaving the […]