📌 Daily Summary
● LIVE TRACKINGBitcoin has garnered significant attention as on-chain data from CryptoQuant indicates that the cryptocurrency may be approaching a true bottom, potentially signaling the start of a new bull market. Analysts predict that a bullish trend could emerge after a pivotal date, further fueled by a notable $10.5 billion surge in options activity for both Bitcoin and Ethereum, highlighting robust investor sentiment. Furthermore, recent insights reveal that a staggering 92.7% of institutional Bitcoin reserves are held by US-based firms, underscoring the dominance of American institutions in the crypto space. However, amidst this optimism, cryptocurrency company Wintermute has expressed skepticism regarding an anticipated altcoin bull run, suggesting a cautious outlook on broader market dynamics.
12:35
CryptoQuant stated that there is no strong surrender sell signal yet in Bitcoin and that it has not entered a full surrender phase.
11:31
Alphractal founder Joao Wedson has once again raised the issue of the link between Bitcoin (BTC) price movements and the US election calendar.
10:43
On July 31, approximately $9.7 billion worth of Bitcoin (BTC) and Ethereum (ETH) options will expire on the Deribit derivatives exchange.
09:26
According to the latest data, the total amount of Bitcoin held by publicly traded companies in the US has reached 1.24 million BTC.
08:42
As the weight of long-term investors in the Bitcoin market increases, the share of short-term transactions has fallen to its lowest levels in recent years.
