bitcoin

Michael Saylor, the founder and executive chairman of Bitcoin Strategy Company, has once again released information related to the Bitcoin Tracker and stated, "What's next?"According to previous patterns, Strategy usually discloses changes in Bitcoin holdings the day after relevant news is released.

Project Eleven has launched a new zero-knowledge proof system, providing a recovery method for the quantum-vulnerable Bitcoin proposed to be frozen under BIP-361, including the Bitcoin held by Satoshi Nakamoto.The solution leverages the property that quantum computers can break elliptic curve signatures but cannot break the one-way hash used in modern wallet key derivation, allowing the true owner holding the seed material to prove control. Benchmark tests show that the Project Eleven prototype is significantly faster than previous solutions, but the prototype has not yet been audited and is incomplete. It requires controversial modifications to blockchain rules before it can protect existing Bitcoin on the chain.

CryptoQuant analyst Darkfost stated that data shows Bitcoin is currently building significant support in the range of $59,000 to $70,000, which has also become one of the most fiercely defended price ranges in Bitcoin's history.Currently, about 50% of the total Bitcoin supply has changed hands above $59,000. If we exclude millions of Bitcoins that are considered permanently lost, this percentage will increase further. The main drivers of this round of turnover are short-term holders, and the behavior of market participants is becoming polarized, with some investors choosing to panic sell while others continue to accumulate.

Well-known crypto trader Doctor Profit stated that he has closed all cryptocurrency short positions, including a Bitcoin short position established in the $115,000 to $125,000 range, another Bitcoin short position established in the $79,000 to $82,000 range, and over 100 altcoin short positions opened in the past few months, claiming that these positions have all achieved significant profits.He also mentioned that he has re-entered Bitcoin spot at $64,000, marking his first long allocation since September 2025. His plan is to invest 5% of the planned funds daily for spot purchases when Bitcoin is in the $54,000 to $64,000 range, continuing for a maximum of 20 days; if the price approaches $54,000, he will increase the buying intensity. Doctor Profit believes that there is a clear "herd behavior" in the current market: investors who were previously bullish at high levels up to $150,000 are now generally waiting for Bitcoin to drop to $40,000 to $50,000, viewing September or October as the bottom of the four-year cycle. When a large number of investors are waiting for the same price and time point, the market may not operate according to this expectation, which is why he chose to build positions in advance, judging that this round of bottom may appear earlier than the market generally expects.He also listed regulatory clarity, asset tokenization infrastructure, and institutional adoption progress as structural reasons for the shift to buying, and retracted his previous prediction that Bitcoin would drop to $40,000 to $50,000. However, he still retains all short positions in the S&P 500 index, believing that the crypto market has undergone significant repricing, while U.S. stock valuations remain relatively high.

As of June 23, 2026, Foundry Digital, AntPool, ViaBTC, and F2Pool collectively control over 70% of the Bitcoin network's hash rate, accounting for approximately 31%, 18%, 13%, and 10%, respectively. Foundry Digital is a U.S. mining pool supported by Digital Currency Group, primarily targeting large institutions and publicly listed mining companies.D-Central's Nakamoto coefficient for the first half of 2026 is 3, meaning that only 3 mining pools are needed to exceed the majority of block production. ViaBTC is facing stricter regulatory scrutiny in 2026, and some miners have turned to alternative pools such as EMCD.

Glassnode Chief Research Analyst CryptoVizArt stated that the cost basis distribution heatmap for short-term holders shows that during Bitcoin's rebound from $57,000, a new round of chips transferred to new buyers occurred in the $62,000 to $65,000 range.He believes this structure has two sides. On one hand, buyers are actively accumulating during the upward process, which may form a new cost basis support, providing conditions for Bitcoin to further test levels of $66,000 and above. On the other hand, this round of chip accumulation is more concentrated at the tail end of a local rebound. If Bitcoin cannot effectively break through $66,000, the risk of the market forming a phase top will increase. $66,000 is a key short-term position for judging the above two scenarios.

CryptoQuant analyst Darkfost stated that the Bitcoin bear market has lasted for about 9 months, affecting both short-term and long-term holders. The cost basis of short-term holders has fallen below that of long-term holders and has been confirmed for 3 days, triggering a "bear market nearing its end" signal. This indicator excludes BTC held for more than 7 years when calculating the cost basis of long-term holders to more accurately reflect the economically active long-term positions.Darkfost emphasized that this signal does not mean the bear market is immediately over, nor does it indicate that the market bottom has been established; rather, it suggests that the market may be entering the final phase of the bear market, during which adopting a dollar-cost averaging strategy may be more reasonable. He stated that if the cost basis of short-term holders subsequently breaks back above the cost basis of long-term holders, it can be seen as a confirmation signal for the beginning of a bull market phase and can serve as a reference for ending dollar-cost averaging. Currently, the cost basis of short-term holders has fallen from $112,500 to $69,000.

According to Coinglass data, the Coinbase Bitcoin premium index has been in the negative premium range for two consecutive months (from May 19 to July 19, a total of 62 days), with the latest value at -0.0633%.Previously, this index was in negative premium for 40 consecutive days from January 16 to February 24 this year, setting the record for the longest "negative streak" since the launch of this indicator, surpassing the approximately 30 days of continuous negative premium during the "1011 crash."

Founder of Strategy Michael Saylor published a post opposing the BIP 110 proposal that restricts the use of inscriptions and other data storage purposes. Bitcoin should adhere to neutrality, open markets, and permissionless innovation, and should not target specific uses through consensus rules.Saylor listed 110 reasons for opposition, emphasizing that Bitcoin should remain conservative at its core. Bitcoin does not need guardians of purity; it needs guardians of neutrality.

Bitcoin News posted on the X platform that Dathon Pwn claims to have discovered a BIP 110 late upgrade consensus vulnerability, which may allow nodes upgrading from old software to retain chain history, while newly deployed BIP 110 nodes would reject this history, potentially leading to a hidden chain split.

Strategy founder Michael Saylor posted on the X platform, stating that enterprises enable people to organize around a common mission within a legal framework, achieving greater efficiency, transparency, credibility, scale, and sustainability.He believes that for Bitcoin to succeed as a global monetary network, adoption by enterprises is necessary, inevitable, and welcome.

According to SoSoValue data, yesterday (Eastern Time July 17) the total net inflow for Bitcoin spot ETFs was $132 million.The Bitcoin spot ETF with the highest single-day net inflow yesterday was Blackrock ETF IBIT, with a single-day net inflow of $136 million. Currently, the historical total net inflow for IBIT has reached $60.49 billion.The Bitcoin spot ETF with the highest single-day net outflow yesterday was Fidelity ETF FBTC, with a single-day net outflow of $4.1841 million. Currently, the historical total net inflow for FBTC has reached $9.97 billion.As of the time of publication, the total net asset value of Bitcoin spot ETFs is $77.736 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.04%. The historical cumulative net inflow has reached $51.352 billion.

Bitcoin Treasuries.NET posted on platform X that the listed company Farmhouse FMHS has purchased an additional 1 Bitcoin, bringing its total holdings to 12.209 Bitcoins.

New Hampshire Governor Kelly Ayotte recently signed HB 639, the Blockchain Basic Laws, which increases legal protections for digital asset users, developers, miners, validators, and businesses, and protects the rights to use and self-custody of digital assets. The bill also authorizes the establishment of specialized case files for blockchain-related disputes.New Hampshire's 2025 law allows the state treasurer to allocate up to 5% of certain public funds to precious metals and qualified digital assets, with only Bitcoin currently meeting the market capitalization threshold. Texas Governor Greg Abbott signed SB 21 in June 2025, establishing the Texas Strategic Bitcoin Reserve. State legislators allocated $10 million, and Texas subsequently made an initial investment of about $5 million through a spot Bitcoin ETF.Wyoming's 2025 proposal to allow up to 3% of state funds to be allocated to Bitcoin was not approved, but the state continues to advance its specialized banking framework and Frontier Stable Token. FRNT is set to be publicly available in January 2026 and is described as the first state-issued stablecoin in the United States.

Bitcoin ETF net inflow was $79.15 million, marking the third consecutive trading day of net inflows. Among them, Blackrock IBIT had a net inflow of $33.44 million, Fidelity FBTC had a net inflow of $30.73 million, and Bitwise BITB had a net inflow of $14.98 million.Ethereum ETF experienced a net outflow of $28.04 million on the same day. Grayscale Ether Mini Trust had a net outflow of $14.28 million, Fidelity FETH had a net outflow of $11.20 million, and Grayscale ETHE had a net outflow of $4.84 million; Bitwise ETHW had a net inflow of $2.28 million. XRP ETF had a net inflow of $6.78 million, and Solana ETF had a net inflow of $1.66 million.T. Rowe Price's TKNZ began trading, with initial assets of approximately $15 million, and the portfolio includes Bitcoin, Ethereum, BNB, Solana, XRP, HYPE, XLM, and Dogecoin.

Bloomberg ETF analyst Eric Balchunas pointed out in a recent report that the performance trajectory of gold ETFs over the past 22 years may provide important references for Bitcoin ETFs. Both gold and Bitcoin ETFs are packaged products centered around "non-yielding assets," lacking dividends, interest payments, or government backing, with prices primarily driven by investor sentiment.The report states that the leading gold ETF, GLD, once topped the list of the world's largest ETFs, then experienced a prolonged period of stagnation lasting about eight years, but each cycle's peak has gradually risen. Balchunas believes that Bitcoin ETFs may similarly undergo a repetitive cycle of "rapid ascent—sharp pullback—prolonged recovery," with peaks gradually rising with each cycle.

ARK Invest released the Q2 2026 Bitcoin report stating that Bitcoin fell by about 14% in the second quarter, dropping below the realized price for short-term holders, the 200-day moving average, and the on-chain average, with the technical outlook remaining bearish. However, the proportion of loss supply rose to about 54%, and the supply of long-term holders increased to a historical high of about 14.85 million BTC, which ARK views as a potential signal of seller exhaustion.The report also pointed out that Bitcoin has not yet fallen back to the on-chain cost range of about $49,000 to $53,000, and the downside risk has not been fully released; the net outflow of the U.S. spot Bitcoin ETF in Q2 was about 71,000 BTC, and the preferred stock of Strategy, STRC, fell to a minimum of $74.57.

Michael Saylor posted on the X platform, stating that fiat currency is the problem, and strengthening companies, institutions, securities, and technologies related to Bitcoin is part of the solution. People can discuss viewpoints, and allies should not be mistaken for enemies.

According to CoinPost, the Tokyo Stock Exchange-listed company Bitcoin Japan (Old Horita Maru Masashi: 8105) announced the issuance of unsecured convertible bonds with stock subscription rights and the second round of stock subscription rights through the Cayman Islands investment fund EVO FUND, with an estimated total amount of approximately 9.657 billion yen.This marks the first time the company has allocated funds to Bitcoin since its name change, with an amount of 662 million yen, accounting for about 7% of the total financing. The remaining funds are primarily used for undisclosed equity investments (3.756 billion yen), investments in South African rare earth mines (3.503 billion yen), and investments in RaaS business (1.446 billion yen).