according to OnchainLens monitoring, a whale address withdrew 13.4 million ENA from Binance an hour ago, worth $7.26 million, and then transferred it to another wallet.

according to on-chain data analyst Yu Jin's monitoring, the "ETH version of MicroStrategy" SharpLink (SBET) address received 145 million USDC from the Circle address 30 minutes ago, which may be used for additional minting to continue to reserve ETH.

according to the data of the Hong Kong stock market, as of the close of trading today, the trading volume of 6 Hong Kong virtual asset ETFs was 33.02 million Hong Kong dollars. Among them: the trading volume of Huaxia Bitcoin ETF (3042.HK) was 14.88 million Hong Kong dollars, the trading volume of Huaxia Ethereum ETF (3046.HK) was 8.83 million Hong Kong dollars, the trading volume of CSOP Bitcoin ETF (3439.HK) was 2.37 million Hong Kong dollars, the trading volume of CSOP Ethereum ETF (3179.HK) was 1.02 million Hong Kong dollars, the trading volume of HashKey Bitcoin ETF (3008.HK) was 3.04 million Hong Kong dollars, and the trading volume of HashKey Ethereum ETF (3009.HK) was 2.88 million Hong Kong dollars.

CryptoQuant analyst Axel posted on social media that the realized net profit and loss chart clearly shows that during the price increase phase, investors will see a clear peak in profit taking. Before the price enters a deep correction, we are likely to see one or two waves of profit taking. Each wave of profit taking will be accompanied by a short-term correction and consolidation, but as long as the realized net profit peak does not exceed the previous extreme value or is of a comparable scale, the bull market trend will remain intact. Ideally, these healthy corrections will cool down the market from an overheated state and continue the upward trend.

 according to the official page, Binance Alpha has launched LN.

according to on-chain data, address 0x8000df...6420 purchased a large quantity of 6 hoodies CryptoPunks at a total price of 808.4 ETH 2 hours ago. The highest price per item in the transaction reached 148.5 ETH, and the lowest was 124.99 ETH. This address currently holds a total of 12 CryptoPunks.

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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