News linked to both this project and an event.
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), trader "0x8853" has cumulatively deposited $171,000 into Hyperliquid over the past 21 hours (the most recent $50,000 arrived 50 minutes ago), subsequently opening a 15x leveraged BTC short position with a holding of 38.08 BTC (approximately $2.39 million), an entry price of $62,720, a liquidation price of $66,000, and a current unrealized loss of $2,760 (ROE -1.73%). Historical cumulative losses have reached $389,700.
Odaily reports, according to DefiLlama data, Binance saw a net outflow of $1.23 billion in the week starting June 29, a 207% increase from approximately $400 million the previous week. The total monthly net outflow stands at about $3.2 billion. CryptoQuant indicates that Binance's single-day ETH withdrawal transactions exceeded 166,000, marking the highest level in over three years. Over the same period, ETH rose approximately 12.5% in the past seven days, trading at $1,766 at press time; BTC gained 4.3% in the same period, trading at $62,925 at press time.DefiLlama data shows that Bitfinex recorded an outflow of $407.5 million over the past week, Gate saw $214.3 million in outflows, OKX had $87.1 million, and Bybit saw $78.4 million. Meanwhile, Crypto.com and HashKey Exchange posted net inflows of approximately $63 million and $53.3 million, respectively, while KuCoin, Gemini, and Bitvavo recorded net inflows of $22.1 million, $17.4 million, and $15.8 million. (Cointelegraph).
据链上分析师余烬（@EmberCN）监测，某巨鲸今日再度开启 ETH/BTC 汇率交易，以 0.0285 的汇率卖出 4695枚 ETH，买入 133.8枚 BTC，押注 ETH/BTC 汇率将继续走低。该巨鲸今年已完成两次同类交易：1 月初以汇率高点卖出 22345枚 ETH 换入 BTC，月底换回后币本位多得 2219枚 ETH；4 月中再度卖出 24564枚 ETH，6 月初换回时多得 4170枚 ETH。两次合计币本位盈利 6389枚 ETH（约 1134 万美元）。
financial trader and CEO of Factor LLC, Peter L. Brandt, stated he is considering selling some of his Bitcoin holdings to allocate the proceeds toward purchasing gold.Brandt believes that gold's future upside potential may surpass that of Bitcoin, prompting his plan to adjust a portion of his asset allocation.
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), whale address "0x2117" suffered four consecutive partial BTC short liquidations in the past 24 hours, totaling 97.99 BTC (approximately $6.18 million) liquidated, with a cumulative realized loss of $298,750. Despite multiple liquidations, the trader still holds a 40x short position of 67.98 BTC (approximately $4.26 million), with a current unrealized loss of $179,220, and is only $902 away from the liquidation price, posing extremely high risk.
Coinbase released a monthly review on July 1, stating that in the first half of the year, it advanced its product layout around the strategy of "every asset, every market, one platform," covering tokenized stocks, pre-IPO perpetual contracts, stock options, crypto options, stock index perpetual futures, AI tools, payments, stablecoins, and on-chain infrastructure. Coinbase stated that the tokenized stocks are 1:1 backed shares of US companies, expected to include dividends, on-chain trading, holding, and redemption functions, and are not available to US persons. Coinbase also noted that its pre-IPO perpetual contracts will start with SpaceX and then expand to OpenAI and Anthropic, and will offer crypto options through integration with Deribit. Coinbase CEO Brian Armstrong said on July 3 that Coinbase is one of the companies with the highest level of AI application globally. Coinbase also stated that it has launched a direct INR on-ramp in India, become the official deployer of the USDC treasury wallet for Hyperliquid, partnered with Ethena across over $50 billion in assets, and mentioned transferring approximately $4.4 billion USDC to the Hyperliquid deployer. (Bitcoin.com News).
CryptoQuant has indicated that the amount of Bitcoin deposited into centralized exchanges last week rose to nearly 50,000 BTC per day, marking the fourth time this year it has reached that level. The report states that this increase coincides with Bitcoin testing the key support level of $60,000. If it breaks below this level, Bitcoin could move toward the realized price of $53,000. During the same period, the average Bitcoin deposit size roughly doubled from 1 BTC to 2 BTC, with CryptoQuant attributing this growth to whales and institutions rather than retail investors. Ethereum's daily inflow peaked at 1.25 million ETH, and the number of deposit transactions for other altcoins also rose to over 45,000 per day. Bitcoin is up 3.5% this week, trading at $62,886, more than 50% below its all-time high of $126,080 from October; Ethereum is up nearly 12% this week, trading at $1,787, approximately 64% below its all-time high of $4,946. (Decrypt).
decentralized privacy protocol hinkal has released an update on a security incident, confirming that an attacker extracted approximately 797,000 USDC from its Ethereum contract through a series of transactions and exchanged it for about 454 ETH. Of this, roughly 410 ETH was subsequently transferred to Tornado Cash, while the remaining approximately 44.67 ETH was bridged to the Bitcoin network via THORChain. hinkal is currently collaborating with an external security team to trace the flow of funds.hinkal stated that the impact of this security incident is limited to the relevant fund pools on the Ethereum chain, and contracts on other chains remain unaffected. However, all contracts have been temporarily suspended for fixes and security verification. All affected users will be fully compensated at a 1:1 ratio, with specific compensation procedures and timelines to be announced in a subsequent update.
Odaily News, CryptoQuant analyst Darkfost stated on platform X that currently, active Bitcoin investors are floating at a loss of about 20% on average, and market sentiment is in a "devaluation" phase, but has not yet reached the deep pressure levels typical of historical bear markets.Darkfost pointed out that the True Market Mean (TMM) is currently around $76,700. This indicator reflects the average cost basis of active circulating BTC supply (excluding coins that have been dormant for a long time, potentially lost, or illiquid). Historically, this level acted as a significant resistance zone in May, where some investors chose to exit the market without incurring losses or with minor losses. Meanwhile, the AVIV Ratio (Active Value to Investor Value) is currently around 0.8, meaning active investors are down approximately 20% from their cost basis. In contrast, during historical bear markets, this indicator typically drops to 0.5–0.6, corresponding to a deeper drawdown of about 40%–50%.Analysis suggests that in this cycle, the entry of institutional funds and ETFs has not changed Bitcoin's cyclical nature; the market continues to operate within its own structural framework. Although significant devaluation pressure is already evident, it may not necessarily need to fall to historical bear market extreme levels to trigger a rebound. Overall, cautious judgment regarding cyclical fluctuations remains necessary.
CryptoQuant data shows Bitcoin has exhibited a clear "diminishing capital efficiency" characteristic across its historical bull and bear cycles. As the asset's scale expands, the price increase generated per unit of new capital continues to decline:In the 2011 cycle, approximately $2.8 billion in net inflows drove Bitcoin up by roughly 55,000%;In the 2015 cycle, approximately $69 billion corresponded to a roughly 10,000% gain;In the 2018 cycle, approximately $365 billion corresponded to a roughly 2,000% gain;In the current cycle starting from 2022, approximately $697 billion in capital has been attracted, but the gain is about 689%.The data is based on "Realized Capitalization," which values coins based on their price at their last movement, serving as an approximate measure of actual capital inflows. CryptoQuant founder Ki Young Ju stated that for Bitcoin to experience another parabolic rally, it may require over $1 trillion in new capital inflows, further solidifying its status as a macro asset rather than just an ETF-driven trading asset.Ki Young Ju also noted that U.S. spot Bitcoin ETFs have recently seen net capital outflows, indicating that market structural demand is still in a transitional phase. Analysis suggests this trend reflects the natural decline in Bitcoin's marginal returns as its market capitalization expands. Unless larger-scale institutional capital steps in, achieving the high-multiple growth seen in earlier cycles will be difficult. (CoinDesk)
CryptoQuant analyst Axel Adler posted on platform X, stating that Bitcoin has begun to enter the later stage of the bear market cycle, with the ETF sector releasing its first signal of easing pressure. In the latest trading session, U.S. spot Bitcoin ETFs recorded net inflows of $223 million, with the majority of funds flowing into Fidelity's FBTC ($166 million) and ARK Invest's ARKB ($91.8 million).
According to monitoring by on-chain analyst Ember, a whale has been continuously withdrawing ETH from Binance since the 1st, currently holding an unrealized profit of $3.3 million on ETH. 4 hours ago, the whale withdrew another 100 WBTC, valued at $6.24 million, from Binance. Over the past 3 days, this whale has accumulated a total of 19,752 ETH, valued at $31.43 million, and 100 WBTC, valued at $6.24 million. The price of ETH was $1,591, and the price of BTC was $62,390. During the same period, ETH rebounded by $200, and BTC rebounded by $4,000.
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), the whale address "0x50b" has closed its Ethereum short position, incurring a loss of approximately $9.386 million on this trade. As a result, the address's total PnL turned from a profit of $6.6 million to a loss of $2.3 million. Currently, the whale still holds a 20x leveraged long position of 228.7 Bitcoin.
According to Odaily, CryptoQuant reports that the volume of Bitcoin, Ethereum, and altcoins flowing into exchanges has recently increased significantly. Historically, this pattern often signals that the crypto market is about to enter a phase of higher volatility.Julio Moreno, Head of Research at CryptoQuant, pointed out that on June 30, the number of Bitcoin flowing into exchanges approached 49,000 BTC, an extremely rare level. This year, there have only been four other instances of single-day inflow peaks nearing 50,000 BTC, and these peaks have typically been followed by a notable amplification in price volatility and clear directional moves.The report suggests that, given the current scale of inflows, the market is absorbing a large amount of Bitcoin being transferred to exchanges. Since transferring to exchanges usually implies potential selling pressure, position adjustments, or increased demand for derivatives margin, this could trigger more drastic price fluctuations.CryptoQuant also notes that the volume of Ethereum and altcoins flowing into exchanges is rising, indicating that the pressure is not limited to Bitcoin but is spreading across the broader crypto asset market. Overall, a surge in exchange inflows may signal that a more significant change in short-term market direction is imminent.
: Visa, M-Pesa, and Onafriq have launched a pilot project in the Democratic Republic of the Congo to settle cross-border mobile transactions using a stablecoin pegged to the US dollar. The pilot targets scenarios such as cross-border mobile wallet top-ups, international commercial transactions, and remittances. The World Bank estimates that the average cost of cross-border remittances in Sub-Saharan Africa is close to 8% of the transfer amount. Visa has previously partnered with African cryptocurrency exchange Yellow Card to explore stablecoin treasury management and international settlement services. (Bitcoin.com News).
: According to on-chain analyst Ai Yi's monitoring, a "smart money" address, which has accumulated total profits of over $5.293 million in US stock long/short trading, has once again adjusted its positions, drawing market attention. In the early hours of today, it closed a basket of short positions including $SNDK, $INTC, and $BTC, and then turned bullish, opening a long position of approximately $8.38 million on Micron ($MU) and establishing a long position of approximately $1.99 million on SK Hynix ($SKHX). Additionally, the account plans to further increase its position by approximately $7 million when SK Hynix falls back to the 1400–1550 range, indicating a shift towards optimism on the short-term outlook for the memory chip sector.
According to Lookonchain monitoring, BlackRock has experienced net BTC outflows for 10 consecutive trading days, with a total net outflow of 35,980 BTC, valued at $2.24 billion.
according to Lookonchain monitoring, US Bitcoin ETFs experienced a net outflow of 588 BTC today, with a 7-day net outflow of 22,189 BTC; Ethereum ETFs had a net inflow of 6,105 ETH, with a 7-day net outflow of 1,915 ETH.
The analysis points out that this phased divergence exhibits historical cycle characteristics: while institutional capital withdraws, long-term holders and whale accounts continue to accumulate, similar to the capital redistribution structure commonly seen in previous cycle bottom regions.
Glassnode's latest weekly report points out that after Bitcoin fell below $60,000, market sentiment remains suppressed by continuous net outflows from US spot Bitcoin ETFs, defensive options hedging, and expectations of macro tightening. However, on-chain data shows that long-term holders have resumed accumulation, with multiple wallet size groups absorbing supply simultaneously, indicating that some high-conviction capital is gradually absorbing selling pressure.