BTC breaks through $117,000, with a daily increase of 1.11%
On July 26, OKX market data showed that BTC just broke through $117,000, currently trading at $117,001.90, with a daily increase of 1.11%.
According to Coinglass data, $501 million was liquidated in the past 24 hours, with $365 million in long positions and $136 million in short positions liquidated. Among them, Bitcoin long positions were liquidated for $142 million, Bitcoin short positions for $28.87 million, Ethereum long positions for $77.89 million, and Ethereum short positions for $41.19 million.
Additionally, 124,172 people were liquidated globally in the past 24 hours, with the largest single liquidation of $17.35 million occurring on Binance - BTCUSDT.
Trader Eugene: BTC reestablishes above $120,000, ETH may break through $4,000
On July 26, trader Eugene Ng Ah Sio analyzed the Bitcoin market, saying, "BTC needs to show strength in a limited time to continue this rally. Currently, BTC is oscillating between $112,000 and $120,000, with momentum of other market assets continuously weakening. Bulls hope to see BTC reestablish above $120,000, which could help ETH break through $4,000 (maintaining a 0.03 exchange rate). In this case, the crypto party will continue, and long trades will be easy. If not, both bulls and bears will face a volatile market. If BTC falls below $112,000, the long-term bullish structure will no longer be favorable."
Binance founder CZ denies involvement in fundraising for BNB treasury reserve company
On July 26, Binance founder CZ denied involvement in fundraising for a BNB treasury reserve company. A community member stated that "CZ is involved in an listed company with 28% personal stake, raising funds for a MicroStrategy of BNB, which closed its seed round last weekend, but did not reveal which company." CZ responded, "False."
ResearchCoin (RSC) briefly surges to over $0.69
On July 26, influenced by "new Coinbase listing roadmap" news, ResearchCoin (RSC) briefly surged to over $0.69, with market cap exceeding $20 million. Note: ResearchCoin is a crypto research platform co-founded by Coinbase CEO Brian Armstrong and others, belonging to the DeSci (Decentralized Science) track, aiming to change traditional scientific journal publication modes. Users can earn ResearchCoin (RSC) by publishing content on ResearchHub, with the amount of RSC received proportional to the value other community members perceive in the content.
According to on-chain analyst Ai Yi's monitoring, an ancient whale holding 80,000 BTC is near the end of its selling pressure, and another ancient whale dormant for 14.5 years may be about to sell. The address "bc1qsea3m" made its first external transfer since January 2011, and the receiving address transferred 50 BTC to the address "bc1q5" two hours ago. The latter's ownership is unknown but has interacted with addresses associated with Coinbase, B2C2, and Galaxy Digital. This ancient whale holds 3,963 BTC, worth approximately $457 million, with a cost as low as $0.32.
Analysis: Current Bitcoin selling pressure mainly from Coinbase, 3,169 BTC transferred in 1 hour ago
On-chain data analyst Murphy stated that the current Bitcoin market selling pressure mainly comes from Coinbase. Around 10 am today, 4,950 BTC were transferred to Coinbase, causing BTC to drop to around $115,000; however, 3,169 BTC were transferred to Coinbase again one hour ago.
Analyst Murphy said that current on-chain data is only updated to this point. If no new large transfers occur, it is estimated to drop to around $115,000; if BTC transfers to Coinbase continue, further downside is expected.
Trump sends mixed signals about US dollar policy
According to Jinshi report, Trump sent mixed signals when discussing US dollar policy on Friday, emphasizing "never supporting a weak dollar" while also discussing the economic benefits of low exchange rates for US manufacturing.
"I will never say I like low rates. I'm the type who likes a strong dollar, but a weak dollar can make you more money." This statement comes as foreign exchange markets generally speculate that his government is actively seeking a weaker dollar.
When asked if he was worried about the continued dollar decline, Trump responded that he "likes a strong dollar" but immediately added that he "won't lose sleep over it." Trump also specifically mentioned that manufacturing companies are benefiting from a weak dollar. "A strong dollar has a consequence, looks good, but no one comes to travel, you can't sell factories, trucks, nothing. A strong dollar is good for controlling inflation, and that's it. We don't have inflation at all, we've eliminated inflation."
Pantera founder: Ethereum and Solana have advantages that Bitcoin lacks
On July 25, according to Fortune, Pantera Capital founder emphasized the reasons for investing in multiple blockchains and projects during an interview. "There's more than one internet company, right? That's my view of blockchain. Although Bitcoin dominates, its use cases are relatively limited, especially as supporters continue to push decentralized financial applications like payments and lending. Ethereum and Solana and other blockchains have advantages that Bitcoin lacks, including faster speed, programmability, and lower transaction fees. Stablecoins are expected to bring breakthrough development to the entire industry, especially as banks and large tech companies begin to explore this field. As the trend of enterprise stablecoin adoption strengthens, this will attract more participants to the blockchain ecosystem."
