according to Ember's monitoring, since July 15th, the ancient giant whale entrusted Galaxy Digital to sell 80,000 BTC, about 68,000 BTC has been transferred in batches to exchanges and independent addresses. Among them, 14,000 entered Binance, 8,975 entered Bitstamp, 7,420 entered Bybit, 7,150 entered OKX, and about 30,400 were transferred to multiple independent addresses (possibly OTC buyers). Currently, there are still about 12,000 BTC (about 1.38 billion US dollars) unsold, and it is expected that the remaining part will have limited impact on market liquidity.

Matrixport posted on social media, stating that it expects the market cooling phase to continue until August. The technical reversal indicator shows that both Bitcoin and Ethereum are not only overbought, but also prone to pullbacks, and the end of the US cryptocurrency week marks the peak of market momentum. The White House has postponed its highly anticipated cryptocurrency report from the original July 22nd release to July 30th, which was expected to outline potential Bitcoin reserve strategies. Considering the release time just before the summer recess, market expectations should be moderate; the report is unlikely to contain any substantive or actionable policy guidance. This delay also indicates that the US government is prioritizing the "GENIUS Act," which is centered around stablecoins, with the core of the bill being to finance US government debt through a stablecoin backed by US Treasury bonds. This framework creates a strategic approach for the government to create debt demand and reinforces the importance of digital asset regulation at the macro financial level. As the market enters a relatively calm summer and approaches the seasonal recess, Matrixport expects unwinding (deleveraging) activities to increase. Many traders have established significant long positions that now require sustained upward momentum to maintain; without this momentum, confidence may weaken, especially considering the increased holding costs due to rising funding rates. This phenomenon is particularly evident in Ethereum, where open interest contracts have surged from $14 billion to $25 billion. Although funding rates have only risen slightly, they are likely to reprice lower with the arrival of summer, triggering further unwinding. In conclusion, the selling pressure from early investors profit-taking is increasing. All of this reinforces Matrixport's view: a summer consolidation is the most likely scenario at present.

the market showed BTC falling below $115,000, now trading at $114,960.01, a 24-hour drop of 2.78%. The market is fluctuating significantly, please manage your risks.

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CryptoQuant analyst Axel wrote that the net open interest (OI Net Position) of Bitcoin futures has plummeted into deep negative territory, breaking through the $100 million mark, reaching the highest bearish pressure level since early July. Despite facing bearish pressure, the price of Bitcoin is still holding around $115,000, indicating that some buyers are absorbing selling pressure. Axel stated that such extreme negative open interest divergence may trigger a short squeeze during a price rebound, but with open contracts maintaining the current high-pressure range, there is still further downside risk in the price.

bitcoin giants are using complex options strategies to make large bullish bets, with the goal of reaching a Bitcoin price of $200,000 by the end of the year. The trader simultaneously bought 3,500 contracts of $140,000 December call options on Deribit, and sold short 3,500 contracts of $200,000 December call options. This means that if BTC reaches or exceeds the higher strike price of $200,000 before the expiration date, the strategy will realize maximum profit.

according to the official announcement, due to the adjustment of the APENFT staking mechanism, Binance NFT will stop the staking products for BAYC and MAYC NFTs starting from 14:00 on August 1, 2025 (GMT+8).

according to on-chain analyst Ai (@ai 9684xtpa), Galaxy transferred out 5153 BTC again in the past 50 minutes, with a total value of 5.96 billion US dollars. Among them, 3313 BTC (3.83 billion US dollars) were clearly deposited into exchanges, and USDT continues to be withdrawn from exchanges; the remaining BTC was transferred to new addresses, and the ownership is still unclear. Currently, Galaxy Digital still holds 26238 BTC on-chain.

Binance Alpha will launch Treehouse (TREE) on July 29th. Eligible users can receive airdrops on the Alpha activity page using Binance Alpha points after trading opens.

Eien Labs launched the "multi-chain verification" feature on July 25, 2025, making the Active Verification Service (AVS) able to be deployed on Layer 2 networks and other blockchains for the first time, breaking through the previous limitation of only being limited to Ethereum Layer 1. This feature has been launched on the Base Sepolia testnet and is expected to be fully launched on the mainnet in the third quarter, supporting more chains.