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Glassnode data shows that buyers who have held Bitcoin for 1-2 years have realized losses, which may indicate the bottom of the bear market in 2026, with $69,000 becoming a key price battleground.

According to a research report by NYDIG, Bitcoin fell by 13.4% in the second quarter of 2026, with the year-to-date decline expanding to 32.9%. In contrast, the Nasdaq 100 index rose by 27.7%, and tech stocks increased by 43.5%, indicating that this round of decline is not due to macro risk aversion, but rather specific supply pressures unique to Bitcoin.The core pressure comes from Strategy (MSTR) launching the "Digital Credit Capital Framework," authorizing the sale of approximately $1.25 billion in Bitcoin to cover capital structure obligations, marking a shift of the largest historical marginal buyer from continuous accumulation to active monetization, with the DAT complex overall transitioning from a demand engine to a supply risk. In terms of ETFs, the U.S. spot Bitcoin ETF saw a net outflow of $4.9 billion in the second quarter, but Morgan Stanley's Bitcoin Trust attracted $364.8 million in inflows against the trend, showing that distribution channels remain competitive.In the derivatives market, amid weak spot demand and continued outflows from ETFs and stablecoins, the positive funding rate combined with a rebound in open interest indicates that leveraged long positions are rebuilding, posing a risk of passive liquidation triggering a new round of declines. Bitcoin has currently fallen 54.3% from its historical high of $126,000 set on October 6, 2025, referencing the cycles of 2018 and 2022 (with a gradually narrowing decline of about 70%).

According to Lookonchain monitoring, Arthur Hayes (@CryptoHayes) spent $2.48 million to buy 1,293 ETH one hour ago.

On the X platform, on-chain analyst Ai Yi stated that there is a buy order for Changxin Storage (CXMT) of 6.824 million dollars at the 6 dollar position on the Hyperliquid order book.At the current price of 6 dollars, the market value of Changxin Storage is approximately 2.72 trillion RMB, totaling 66.88 billion shares, surpassing the current market value leader, Industrial and Commercial Bank of China, at 2.66 trillion RMB.

According to Lookonchain monitoring, a certain address spent 519 ETH ($925,000) to purchase 6.12 million CASHCAT five hours ago.

According to official news, Jito announced the governance proposal JIP-38, which aims to formally establish Jito as a token-centric network. According to the proposal, 100% of the revenue share from JTX to Jito DAO will be used for the programmatic buyback and burn of JTO, continuing for at least 1 year since the launch of JTX.

CryptoQuant analyst Axel Adler stated that the recently launched "Bitcoin Short-Term Holder Realized Pressure Model" shows that the buying and selling pressure from short-term holders is slightly cooling down, but buying power remains dominant. This model measures the changes in market bullish and bearish forces by comparing the realized buying pressure and selling pressure of short-term holders. During a bear market phase, this indicator can serve as a contrarian signal: when prices approach local lows, buyers are usually more active; when approaching local highs, selling pressure tends to increase. In the past 24 hours, the model has not shown any trend reversal signals. The latest hourly data shows that the buying pressure score is 28.57, slightly down from the previous day's 28.98; the selling pressure score is 22.62, a slight decrease from the previous 22.68. Currently, buyers are still leading sellers by about 5.94 percentage points.Overall, market buying pressure has cooled down, but short-term holders still maintain a buying advantage. Meanwhile, the funding situation in the Bitcoin ETF market has slightly improved. Following eight consecutive weeks of outflows, the ETF market recently recorded a net inflow of approximately $197.4 million. However, Adler pointed out that this scale is insufficient to confirm a reversal in institutional demand trends. Currently, the 30-day fund flow momentum for ETFs remains deeply negative, at about -$4.73 billion, and the cumulative fund size has fallen from a peak of about $62 billion to around $51 billion, indicating some improvement in short-term funds, but institutional buying demand has not fully recovered. Axel Adler expects that next week the market will face several important data and events, including further developments in the Middle East situation, the impact of the US-Iran conflict on energy supply, as well as earnings reports from major US banks, speeches from Federal Reserve Chairman Warsh, the June Consumer Price Index (CPI), the University of Michigan Consumer Sentiment Index, retail sales, and real estate market data.

According to on-chain analyst Yu Jin's monitoring, two hacker addresses coincidentally made large purchases of ETH using DAI today. The hacker who stole funds from Coinbase users bought 4049.7 ETH for 7.378 million DAI (average price of about 1822 USD) in the early morning. The second address (which transferred ETH from Tornado Cash and exchanged it for DAI last November) purchased 2405 ETH for 4.34 million DAI two hours ago (average price of about 1804 USD).

According to monitoring by Lookonchain, it is suspected that Bitmine (0x2B7...d7dC) under Tom Lee bought 20,500 ETH from Galaxy Digital again 6 hours ago, worth 35.92 million USD.

On June 29, Strategy raised the annual dividend of STRC to 12% and authorized a $1 billion buyback plan, covering four preferred securities: STRC, STRF, STRD, and STRK, with STRC being the initial preferred buyback target.Strategy disclosed that the buyback funds would not come from its approximately $2.55 billion reserves, but may come from the $1.25 billion Bitcoin monetization plan approved during the same period. STRC traded this week at a high of $80, dipping below $85 on some trading days, below the long-term trading target of $99 to $100 set by Strategy. Peter Schiff stated that the price of STRC below $87 indicates that Wall Street is questioning the growth rate of Bitcoin.

According to monitoring by Lookonchain, a wallet named Ansem-2 (0x6f5...D3F5) spent $233,000 in the past 3 hours to buy 2.79 million CASHCAT.This wallet is associated with a Solana wallet (CLM6...Kg1Q), which currently holds 10.5 million ANSEM, worth $2.7 million, and has made a profit of $2.6 million through ANSEM.

The board of directors of Nasdaq-listed RWA and stablecoin service provider Streamex has officially approved a stock buyback plan. The total funding limit for this buyback is $20 million, and the company may repurchase up to 10 million shares of common stock within the next 12 months at a maximum repurchase price of $2 per share.

According to Onchain Lens monitoring, Bitwise purchased 33,600 HYPE from Wintermute, worth 2.4 million dollars.

According to Jinshi reports, Goldman Sachs announced the launch of coverage research on SpaceX (SPCX.O), giving the company a "Buy" rating with a target price set at $205.

According to Onchain Lens monitoring, in the past 24 hours, a certain whale spent 850 WETH to buy 572,900 LIT, worth 1.52 million USD.As of now, the whale has spent a total of 3.03 million USD to buy 1,358,000 LIT, with an average price of 2.23 USD.