ChainCatcher news, Glassnode data shows that Bitcoin's realized market cap has significantly increased, approaching $600 billion, reflecting enhanced investor confidence after the 2024 halving event.Additionally, Bitcoin's realized profits have surged recently, peaking at $3.3 billion in early April, indicating that investors are taking substantial profits. Despite these sell-offs, the overall market trend suggests that investors will continue to accumulate Bitcoin throughout 2024, indicating strong potential demand. This dynamic underscores the market's resilience amid short-term fluctuations.

ChainCatcher news, according to the South China Morning Post, JPEX is suspected of being involved in investments exceeding HKD 1.3 billion (USD 166 million), with over 2,000 victims involved. Industry insiders and analysts point out that JPEX's collapse could become the largest financial fraud case in Hong Kong's history, sounding the alarm for local retail investors and posing short-term challenges for virtual asset companies that hope for government support in developing the industry.Daiwa Bank's Lai stated that retail investors' interest and confidence in cryptocurrencies will gradually recover over time, especially when a bull market forms; before that, the Hong Kong government needs to educate the public about its new regulatory framework and investor protection measures.

ChainCatcher news, according to the latest report from asset management company Ark Invest, nearly 70% of the circulating supply of Bitcoin has not been moved for at least a year, indicating that the base of holders is strengthening and the confidence of long-term Bitcoin investors is also increasing.The Ark report noted that the balance of Bitcoin held OTC reached a one-year high in June, with OTC Bitcoin balances increasing by 60% by the end of the quarter. This rise indicates that institutional and large capital allocators are becoming more interested in Bitcoin as an investment option. (source link)