News linked to both this project and an event.
Odaily News: CryptoQuant analyst Darkfost posted on X, stating that as BTC price approaches $80,000, selling activity among long-term holders (LTH) has increased significantly. Data shows that long-term holders had been in a continuous net accumulation state, with their monthly average net supply growth reaching 286,000 BTC in early June. However, this has now shifted to a net decrease of approximately 21,000 BTC — the first time this year that the amount of BTC sold or transferred by long-term holders has exceeded the amount newly entering long-term holding status.Meanwhile, the amount of BTC transferred by long-term holders to exchanges has risen to its highest level since 2026, with holders of 6 to 18 months being the most active, transferring over 297,000 BTC to exchanges. This signal warrants close attention. Although market demand has improved, increased selling pressure from long-term holders could once again tilt the market's supply-demand balance in favor of sellers.
CryptoQuant analyst Axel Adler Jr. stated that Bitcoin fund flows turned positive for the first time in nearly three months, though the inflow stood at just 0.21%, making it one of the weaker positive readings in recent years. The current shift primarily reflects the flip in flow direction to positive, with no signs yet of a return to strong demand.
According to Odaily, the Iranian rial hit a record low this week, with the open market exchange rate falling to approximately 2.02 million rials per US dollar on August 24, compared to around 1.53 million rials in the first quarter. During the same period, the US government launched "Operation Economic Exodus," adding more than 60 entities to the Treasury Department's blacklist and, for the first time, designating digital assets as a sanctionable category.State-controlled farms linked to Iran's Islamic Revolutionary Guard Corps (IRGC) control approximately 65% of Iran's Bitcoin mining capacity. Iranian miners have accounted for roughly 3% to 7% of global Bitcoin hashrate since 2019, with the mined Bitcoin valued at an estimated $1.35 billion to $3.15 billion at various stages.Iran legalized Bitcoin mining in 2019, allowing licensed operators to use industrial electricity at approximately $0.004 per kilowatt-hour and sell the mined tokens to the Central Bank of Iran. Chainalysis estimates that IRGC-affiliated wallets received over $3 billion in Q4 2025; Elliptic states that the Central Bank of Iran holds at least $507 million in USDT.The US Treasury sanctioned Nobitex, Wallex, Bitpin, and Ramzinex in June. Nobitex had processed more than half of Iran's digital asset inflows; in April, the US Treasury seized nearly $500 million in Iran-linked crypto assets. (Bitcoin.com News)
Odaily News: According to Lookonchain monitoring, an address on Aster_DEX turned $24,000 into $275,000 in less than a month, achieving an 11x return. The address deposited $24,000 into Aster and used up to 100x leverage to go long on Bitcoin, ETH, and LINK, realizing over 10x gains on each trade. The address has withdrawn $91,000 in profits and still holds $184,000 on Aster.
Odaily News Since August 23, Bitcoin long positions have remained at a relatively stable level, with the market showing a neutral consolidation trend following the price increase. Since August 17, Bitcoin short positions have been continuously declining, with some short capital steadily exiting the market. At present, longs have yet to show any significant further accumulation.
Odaily News: As of August, cumulative top-ups on USDC- and USDT-linked stablecoin cards have reached $13.8 billion, an increase of nearly $10 billion over the past 12 months. Stablecoin cards are shifting USDC and USDT from trading balances toward everyday consumer use cases.USDC currently leads in tracked card spending, while USDT is accelerating its catch-up. The two follow different adoption paths: USDC benefits more from fintech integrations and payment infrastructure, whereas USDT is more active across exchanges, remittances, and emerging markets.On-chain settlement also reflects a multi-chain distribution, with Base leading at approximately $1.2 billion, followed by Solana at $635 million, Polygon at $544 million, and Optimism at $509 million. Networks such as Arbitrum, Scroll, Ethereum, and Stellar are also carrying significant activity.Stablecoin cards still rely on traditional payment networks like Visa and Mastercard, shifting the competitive focus toward custody, FX costs, cashback, and capital efficiency. Meanwhile, Circle has renewed its USDC partnership with Coinbase under the original terms, excluding any dividend arrangements. (Bitcoin.com News)
Odaily News, ETF Store President Nate Geraci stated that BlackRock has lowered the minimum threshold for in-kind subscription to its Bitcoin spot ETF IBIT for private clients to $1 million, which has already facilitated over $5 billion in related transactions from private wallets.Geraci noted that this indicates some Bitcoin holders are shifting from self-custody to holding Bitcoin exposure through IBIT. He believes that risks such as kidnapping, extortion, and custody security incidents are prompting some holders to move all or part of their assets to ETFs.
According to on-chain analyst Ember (@EmberCN), as BTC pulled back slightly after breaking $80,000, the Garrett Jin whale entity added 600 BTC long positions in the early hours at around $79,000, valued at approximately $47.4 million. The entity has held its BTC longs for about three months. Its current total position stands at 1,868 BTC, worth roughly $147 million, with an average entry price of around $77,090. It briefly faced an unrealized loss of roughly $23 million in early July, but the recent rally has flipped this to an unrealized profit of about $2.78 million. Meanwhile, it holds a short position in 32,700 ZEC, with an average short entry price of approximately $444 and a position value of roughly $25.28 million, currently carrying an unrealized loss of about $10.74 million.
According to Cointelegraph, analysts pointed out that Bitcoin (BTC) has entered the early stages of a new bull market, but $83,000 remains a key resistance level for confirming the uptrend.
Odaily News: Recent Bitcoin volatility has triggered a wave of leveraged long position liquidations. On August 22, hourly liquidations reached $529 million, with long positions accounting for $478 million; on August 23, an additional $84 million in crypto long positions were liquidated within one hour.Prediction market Kalshi launched the first spot Bitcoin perpetual futures contract approved by the U.S. Commodity Futures Trading Commission (CFTC) on June 3, with liquidations reaching $5.5 billion in the first two weeks. Kalshi CEO Tarek Mansour stated that the product offers U.S. institutions regulated onshore perpetual contract trading.Benjamin Schiffrin, Director of Securities Policy at Better Markets, pointed out that perpetual futures are high-risk crypto products for retail investors, and the CFTC did not impose additional investor protections when approving them. Analysis account Qmo noted that there are significant Bitcoin long liquidation pools in the $62,000 to $67,000 range; trader Money Bunny disclosed that short liquidations reached $2.7 billion to $3.5 billion within 24 hours. (Forbes Digital Assets)
Strategy (formerly MicroStrategy) CEO Michael Saylor denied reports that the company sold Bitcoin due to financing pressures, clarifying instead that it maintains ample cash reserves and continues to steadily increase its holdings.
Whale "Sets 10 Major Targets First" JasonLeo responded to the question of whether the current trend is a reversal or a major rebound by stating that their assessment is a "trend reversal."
Major whale "sets 10 key targets first" Jason stated that when he confirmed last month that the bottom of this cycle is around $58,000 for BTC, a key benchmark was Strategy's moves. He noted that from an operator's perspective, Strategy had to consider not only BTC's price direction, but also the market bottom, the company's proximity to its survival line, and its capital structure's resilience under extreme downside scenarios.
Odaily News: The whale "Set 10 Big Goals First" posted on X, stating that it will look for opportunities to rebuild BTC long positions. This upward trend has been more intense than previously expected, leading to an upward revision of expectations for the subsequent market.It noted that even entering the market after BTC rises to $80,000 or higher would not be too late, as there is still room for further upside. It also predicts that BTC is likely to reach $100,000 sooner than previously anticipated. Once BTC climbs to $100,000, it will reassess the potential upside of this trend.
According to monitoring by Lookonchain, a whale dormant for four years recently sold 1,400 BTC worth approximately $111.61 million. Four years ago, the whale acquired 2,200 BTC at an average price of $45,024, totaling around $99.05 million. He did not sell even when his unrealized gains peaked at $178 million during that period. He has now begun selling BTC, resulting in cumulative profits of approximately $76.5 million.
Odaily News: CryptoQuant analyst Axel Adler Jr. stated that BTC has reclaimed the short-term holder cost basis of $68,200 during this rebound, while also breaking above the SMA111 at approximately $67,500 and the SMA200 at $69,000 on rising volume, bringing recent BTC buyers back into profit.However, he noted that the overall moving average structure remains bearish, with both SMA111 and SMA200 sitting below the SMA365 (around $83,200), meaning a larger-scale trend reversal has yet to be confirmed. Going forward, the key support zone to watch is the $68,000 to $69,000 area, while the $83,200 level serves as resistance above; only if BTC can break through and hold above the SMA365 could it serve as a significant confirmation signal of a trend shift.
Odaily News, CryptoQuant analyst Darkfost stated on the X platform that total BTC demand has continued to increase over the past 30 days, currently standing at approximately 170,000 BTC. He noted that although signs of short-term overextension in BTC are becoming increasingly apparent, the market appears to have entered an impulsive upward phase driven by demand, with new demand absorbing sell-side pressure from profit-taking.Historical data shows that synchronized growth in spot and futures demand is typically accompanied by strong upward trends. As long as current demand remains sustainable and absorbs short-term profit-taking orders, upward momentum may persist even as the market enters overbought territory.
Odaily News: According to EmberCN monitoring, Hyperliquid's largest long address took profit and closed 800 BTC positions 4 hours ago, worth approximately $64.4 million. Its original long position of approximately $537 million has now been reduced to only about $80 million, while another address still holds 1,000 BTC in long positions that have not yet been closed.Over the past three days, this whale has taken profits and closed approximately 120,000 ETH and 2,000 BTC positions, realizing profits of approximately $61.72 million.
Odaily News CryptoQuant analyst Moreno stated in a report that whales that recently accumulated positions have taken large-scale profit-taking during BTC's latest rebound, realizing over $1.2 billion in profits within three days — marking the largest profit-taking event on record for this group.Additionally, he noted that if BTC can hold above the whale cost basis of approximately $70,000, while the realized profits of whales gradually return to normal levels, it would suggest that new market demand is effectively absorbing their profit-taking sell orders.
According to on-chain analyst Ai Yi (@ai_9684xtpa), trader "Set 10 Big Goals First" (@Jason60704294) has completely stopped out and closed all additional BTC and ETH short positions. The three trades executed since this "comeback" have collectively turned into a loss, primarily representing a pullback from previously realized profits; the trader had previously disclosed cumulative gains of approximately $70 million. Specifically, profits from prior long positions reached about $20 million; the first short position incurred a loss of roughly $6.283 million; the first half of the second short position booked a confirmed loss of approximately $10.158 million, while the second half's loss remains undisclosed and is estimated at around $9 million. Based on known and estimated figures, the cumulative loss on the second short position may total approximately $19.158 million, bringing the combined loss from both short positions to roughly $25.441 million.