Son Min

An analysis has emerged stating that Bitcoin (BTC) has seen increased selling pressure after reaching its all-time high (ATH). On the 15th (local time), Axel Adler Jr., a contributor at CryptoQuant, wrote on X (formerly Twitter), "After Bitcoin reached its all-time high, sellers have initiated full-scale short selling," adding, "Currently, buying momentum has weakened sharply, and the long-to-short ratio has turned negative." He further emphasized, "Bitcoin must hold the $117,000 level." As of 4:11 PM, based on the Binance USDT market, Bitcoin is trading at $117,090, down 4.22% from 24 hours ago.

The global cryptocurrency exchange Binance is listing perpetual futures for Chainbase (C) and Velvet (VELVET). On the 15th (local time), Binance announced on its website, "We will list C/USDT today at 18:00 (KST)," and added, "At 18:15 (KST), VELVET/USDT perpetual futures will also be listed." Both products support up to 50x leverage.

In the past 24 hours, liquidations in the perpetual futures market for virtual assets (cryptocurrencies) recorded $498.82 million. According to CoinGlass data on the 15th (local time), the total amount of liquidated futures positions in the virtual asset market over the last 24 hours reached $498.82 million. After Bitcoin (BTC) hit an all-time high (ATH) and then dropped below $120,000, there was a higher volume of liquidation of long (buy) positions. Specifically, $389.70 million worth of long positions were liquidated, while $109.12 million worth of short positions were liquidated. Bitcoin easily recorded the largest amount of liquidations. Over 24 hours, Bitcoin saw $181.12 million in position liquidations, of which $142.03 million were long positions and $39.09 million were short positions. Ethereum (ETH) ranked second, with $105.15 million liquidated over the same period. The amount of long and short liquidations were $82.38 million and $22.77 million, respectively. As of 3:45 pm, in the Binance USDT market, Bitcoin and Ethereum are trading at $116,999 and $2,975, down 4.26% and 1.75% respectively from 24 hours ago.

French publicly listed blockchain group 'The Blockchain Group' plans to raise an additional €6 million (approximately $7.01 million) to purchase more Bitcoin (BTC). On the 15th (local time), The Blockchain Group announced in a press release that it is planning to secure €6 million in funds to add more Bitcoin to its reserves. The capital will be raised through a paid-in capital increase. Meanwhile, the previous day, The Blockchain Group purchased 29 BTC. The current total holding is 1,933 BTC.

James Wynn, known as a whale on the decentralized derivatives exchange (DEX) Hyperliquid (HYPE), is reported to have returned to trading. On the 15th (local time), OnchainLens announced on X (formerly Twitter), "James Wynn is back in the market by opening a 10x leveraged long (buy) position on PEPE." The position size is about $10,000, with an average entry price of $0.012 and liquidation price of $0.0114. Previously, James Wynn had changed his X profile to 'bankrupt' and deactivated his account. Recently, it has been reported that he suffered losses exceeding nine figures.

Open interest (OI) for perpetual Ethereum (ETH) futures on the Chicago Mercantile Exchange (CME) has reached an all-time high. On the 14th (local time), Unfolded announced via X (formerly Twitter): "Institutional interest in Ethereum is growing," and "CME Ethereum futures open interest has hit an all-time high."

An analysis has emerged that Bitcoin (BTC) could reach $200,000 by early 2026. According to The Block on the 14th (local time), Bernstein stated in a report, "A prolonged and exhausting crypto bull market will unfold," and added, "Bitcoin could reach $200,000 by early 2026." The report also stated, "The market is now being led by institutional adoption, not individuals," and "Confidence in blockchain and crypto assets is at an all-time high." Furthermore, the report forecasted that Bitcoin will emerge as a global hedge against inflation. It said, "As institutional adoption increases, including Bitcoin in portfolios will become a trend," and "This further supports our $200,000 projection." Additionally, it added, "Increased regulatory clarity on crypto assets in the United States will further accelerate institutional adoption."

The value of Ethereum (ETH) held by the mining company BitMine Immersion Technologies, listed on the New York Stock Exchange, has surpassed $500 million. According to PR Newswire on the 14th (local time), BitMine announced via a press release, "The value of Ethereum held by the company has exceeded $500 million," adding, "We currently hold 163,142 Ethereum, with an average purchase price of $3,072." Thomas Lee, Chairman of the Board at BitMine, stated, "After securing $250 million in funding, the company's assessed Ethereum amount has surpassed $500 million," adding, "This proves that our strategy of accumulating Ethereum has been effective." Previously, BitMine raised $250 million for its Ethereum reserve strategy.

There is an analysis suggesting that overall market interest in Bitcoin (BTC) in the virtual asset (cryptocurrency) market is growing. On the 14th (local time), Glassnode stated via X (formerly Twitter), "Since the 9th, both perpetual futures and spot trading volumes of Bitcoin have risen sharply," adding, "This is a sign that overall market interest in Bitcoin has increased." According to the data, Bitcoin spot and futures daily trading volumes grew by 50.3% and 31.9%, respectively, compared to the 9th. However, both figures remain 23% and 22% below this year's average, indicating that market sentiment has not yet fully recovered.

Matador Technologies, a company listed on the Toronto Venture Exchange (TSXV) in Canada that has adopted a Bitcoin (BTC) treasury strategy, announced plans to raise CAD 900 million (approximately $657.29 million). According to GlobeNewswire on the 14th (local time), Matador Technologies revealed in a press release that "it plans to raise up to CAD 900 million through securities issuance and other means," and added, "This will allow us to efficiently secure funds for accumulating Bitcoin (BTC)." Deven Soni, CEO of Matador, stated, "Our goal is to purchase Bitcoin and to increase the amount of Bitcoin held per share in the long term," adding, "We will continue to build Bitcoin-related infrastructure."

Sonnet BioTherapeutics, a biotechnology company listed on Nasdaq, is set to launch Hyperliquid Strategies Inc., a company for accumulating Hyperliquid (HYPE), through a merger. According to The Block on the 14th (local time), Sonnet BioTherapeutics announced that it will establish Hyperliquid Strategies Inc. through a merger with the special purpose vehicle (SPV) Rorschach I LLC. The existing company will be incorporated as a subsidiary of the new company. Hyperliquid Strategies Inc. will make Hyperliquid accumulation its main financial strategy. It is expected to hold 12,600,000 HYPE and $305,000,000 in cash.

Genius Group, an AI-based education company, has additionally purchased 32 Bitcoins (BTC). According to GlobeNewswire on the 14th (local time), Genius Group stated in a press release, “We purchased 32 BTC at an average price of $105,568,” and added, “In just two months, our Bitcoin holdings have tripled.” They further commented, “If the current rate of purchases continues, we could reach our accumulation target within the next two years.” Previously, Genius Group raised its Bitcoin accumulation target from 1,000 BTC to 10,000 BTC.

There is a claim that the assets under management (AUM) of IBIT, BlackRock’s spot Bitcoin (BTC) ETF, could surpass $100 billion this month. On the 14th (local time), Eric Balchunas, a Bloomberg ETF analyst, stated via X (formerly Twitter), "Until last week, I forecasted that IBIT's AUM would surpass $100 billion sometime this summer," but added, "Given the current inflow trend, reaching $100 billion this month is possible." He evaluated that the spot Bitcoin ETF has achieved significant growth within just a year and a half of its launch. Balchunas commented, "Due to recent capital inflows, IBIT’s AUM has reached $88 billion in just a year and a half," adding, "It ranks 20th among all ETFs in the U.S., and 7th among all BlackRock ETFs." He also said, "It is the most profitable ETF for BlackRock," and praised it as "an incredible rate of growth."

Click Holdings, a senior care solutions company listed in Hong Kong, is expected to purchase up to $100 million worth of Bitcoin (BTC) and Solana (SOL). According to GlobeNewswire on the 14th (local time), Click Holdings stated in a press release, "We will leverage the value of virtual assets (cryptocurrency) to strengthen our core services," and announced, "We plan to raise funds up to $100 million to accumulate Bitcoin and Solana." Furthermore, they added, "The scale could increase as business expands." Additionally, the company said, "We are also considering paying the salaries of our approximately 25,000 professionals in virtual assets," and "We are also discussing ways to streamline the billing process for virtual asset customers." Jeffrey Chan, CEO of Click Holdings, said, "We will enhance operational efficiency and generate new revenue streams through virtual assets," and emphasized, "We plan to build a solid financial portfolio with Bitcoin and Solana."

Sequans Communications, a developer of 5G and 4G IoT semiconductors and modules listed on the Nasdaq, has additionally purchased 683 Bitcoin (BTC). On the 14th (local time), Sequans announced on its website, "We have purchased an additional 683 BTC ($79 million)" and added, "The average purchase price per 1 BTC is $116,213." Currently, Sequans holds a total of 1,053 BTC. This amounts to approximately $120 million, with an average purchase price of $113,893. Previously, Sequans raised $384 million for Bitcoin investment.

MicroStrategy has reportedly purchased an additional 4,225 Bitcoins (BTC). The purchase is worth approximately ₩652.5 billion. On the 14th (local time), Michael Saylor, the founder of MicroStrategy, announced via X (formerly Twitter), "MicroStrategy has acquired an additional 4,225 BTC ($472.5 million)," and added, "The average purchase price per 1 BTC was about $111,827." He continued, "We have achieved a 20.2% return so far this year." Currently, MicroStrategy holds a total of 601,550 BTC. This amounts to about $42.87 billion, with an average purchase price of $71,268. Meanwhile, today Bitcoin reached an all-time high of $123,218 on Binance.

The centralized virtual asset (cryptocurrency) lending protocol Aave (AAVE) has reportedly surpassed $50 billion in net deposits. According to The Block on the 14th (local time), Aave’s net deposits have exceeded $50 billion. This is the first case among decentralized (DeFi) protocols. The media stated, “Surpassing $50 billion in net deposits signals that the expansion of the on-chain market, which started in October 2023, is continuing,” adding, “Aave’s locked asset value (TVL) also reached about $29 billion, proving that it is the largest lending protocol in the DeFi market.” Stani Kulechov, founder of Avara, the company operating Aave, said via X (formerly Twitter), “The next goal is the trillion mark,” and added, “Traditional financial institutions and fintech companies are adopting Aave as their lending infrastructure.”

It has been reported that the global cryptocurrency exchange Binance is preparing to launch a token issuance platform. On the 14th (local time), SolidIntel announced via X (formerly Twitter), "Binance will launch a token issuance platform similar to Pump.fun (PUMP)." Pump.fun is a meme coin issuance platform based on Solana (SOL).

The weekly revenue of the BONK-based coin issuance platform Letsbonk.fun has ranked first among Solana (SOL)-based launchpads. According to Solana News on X (formerly Twitter) on the 14th (local time), "The weekly revenue of launchpad Letsbonk.fun exceeded the combined revenue of all other Solana launchpads," adding, "In the case of Pump.fun (PUMP), its weekly sales plummeted by 53%." According to the attached data, Letsbonk.fun’s revenue last week reached approximately $7.97 million, while Pump.fun recorded $3.21 million.

It has been revealed that the $334 million short (sell) position of the investor known as @qwatio, suspected to be a Trump insider or identified as a Hyperliquid whale, was liquidated. On the 14th (local time), Lookonchain announced via X (formerly Twitter), "The $334 million short position built by qwatio was entirely liquidated in just three hours," adding, "Positions worth $211 million, $102.3 million, and $20.6 million in Bitcoin (BTC), Ethereum (ETH), and Partcoin (FARTCOIN) respectively, have disappeared." As a result, his cumulative loss has increased from the previous $17.89 million to about $25.84 million.

UK-listed company Vaultz Capital Plc has reportedly secured funding to acquire more Bitcoin (BTC). On the 14th (local time), Vaultz Capital announced via X (formerly Twitter), "We have raised £1 million (approximately $1.35 million) to increase our Bitcoin reserves." Alex Appleton, CEO of Vaultz Capital, stated, "This fundraising demonstrates investors' trust in our vision," and added, "Using these funds, we aim to strengthen our financial structure by accumulating more Bitcoin."

The value of Bitcoin (BTC) compared to gold has hit its highest level since early February. On the 14th (local time), Glassnode posted on X (formerly Twitter), stating, "Bitcoin's value against gold has reached its highest level since early February," and added, "In particular, since June 22 (local time), Bitcoin has consistently outperformed gold in terms of price growth, showing strong momentum." As of 6:22 PM, on the Binance USDT market, Bitcoin is trading at $122,228, up 3.71% from 24 hours ago.

K33, a Swedish cryptocurrency brokerage that previously announced its Bitcoin (BTC) financial strategy, has acquired an additional 36 Bitcoins (BTC). On the 14th (local time), K33 stated in a press release, "We have purchased an additional 36 BTC," adding, "We currently hold 121 BTC." Thorbjorn Bull Jenssen, CEO of K33, commented, "This purchase is just the beginning of our Bitcoin accumulation strategy," and noted, "Having successfully completed two previous rounds of fundraising, we are now preparing for the next goal." K33 has been consistently purchasing more Bitcoin recently, aiming to hold at least 1,000 Bitcoins.

The UK-listed venture capital firm 'Coinsilium Group' has reportedly acquired approximately 13 additional Bitcoins (BTC). On the 14th (local time), Coinsilium announced via X (formerly Twitter) that “through its subsidiary 'Forza (Gibraltar)' established for Bitcoin reserve purposes, it has purchased about 13.1193BTC” and added, “The current holding stands at approximately 101.7520BTC.” As of 6:13 PM, Bitcoin is trading at $122,246 on the Binance USDT market, up 3.71% from 24 hours ago.

Despite Bitcoin (BTC) reaching a new all-time high (ATH), analysis shows that the inflow of new investors remains minimal. On the 14th (local time), Ali Martinez, a crypto asset (cryptocurrency) analyst, shared on X (formerly Twitter), "When Bitcoin hit $100,000 in December last year, $135 billion entered the market," but added, "This year, although Bitcoin has hit another new high, only $51 billion has flowed into the market." As of 6:10 p.m., Bitcoin is trading at $122,404 on the Binance USDT market, up 3.84% from 24 hours ago.

It has been found that the open interest (OI) of Bitcoin (BTC) perpetual futures long (buy) positions on leading centralized exchanges (CEX) is approaching $100 million. On the 14th (local time), Axel Adler Jr., a CryptoQuant contributor, announced via X (formerly Twitter), "The size of Bitcoin long position open interest on top exchanges is nearing $100 million," and added, "The chances of the bull market resuming are increasing." Meanwhile, today Bitcoin hit a new all-time high, reaching $123,218 on the Binance USDT market. As of 5:57 p.m., Bitcoin is trading at $122,594, a 4.06% increase compared to 24 hours ago.