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.

StarkWare CEO Eli Ben-Sasson recently shared his insights on whether "Bitcoin is a currency" on social media. He believes the answer is both yes and no: yes because Bitcoin has value, is trusted, and is not controlled by the government; no because its value is difficult to fully realize and it has not yet become the mainstream payment method for daily economic activities. Ben-Sasson predicts that in the future Bitcoin will ultimately be used as a currency.

 according to on-chain analyst Ai Yi (@ai_9684xtpa), in the past half hour, GalaxyDigital's address once again withdrew 456 million USDT from Binance, OKX, and Bybit, and is currently transferring them in batches to Coinbase. It seems like they have been selling continuously. As of now, GalaxyDigital only has 18,504 BTC left on-chain, worth 2.13 billion US dollars.

 according to Onchain Lens monitoring, a whale who is currently long on SOL with 20 times leverage on Hyperliquid has a floating profit of over 18 million US dollars.

according to Coingecko data, the market value of SOL has exceeded 100 billion US dollars, now at 102,719,395,387 US dollars, reaching a new high in nearly 5 months, with a daily price increase of 5.7%.

according to the on-chain analysis platform Lookonchain (@lookonchain), since July 1st, about 23 whales/institutions have accumulated 681,103 ETH (worth about $2.57 billion).

trader Eugene stated, the key (to trading) is to act before institutions buy and sell, don't forget the second half.

 according to on-chain analyst OnchainLens (@OnchainLens), trader James Wynn has closed his DOGE and PEPE long positions of more than 10 times leverage, as well as a 40 times short position in Bitcoin (BTC), resulting in a loss of $625,222.

according to official sources, BinanceAlpha will become the first platform to go online with Alliance Games (COA) on July 23. Eligible users can go to the Alpha event page after Alpha trading opens to receive airdrops using Binance Alpha points.

 according to Lookonchain monitoring, since July 1st, about 23 whales/institutions have accumulated purchases of 681,103 Ethereum (worth about $2.57 billion).

On July 21st, according to the official announcement, in order to prevent market risks and optimize trading experience, OKX will officially delist the perpetual contract trading pairs of BADGER/USDT, BAL/USDT, and NIL/USDT at 16:00 on July 25, 2025 (UTC+8).

 according to Bitcoin Magazine, the US-listed company Sequans increased its holdings by 1,264 bitcoins, worth approximately $150 million. The total holdings have now reached 2,317 bitcoins.