微策略 · 343

Holding $80 million worth of BTC and ETH, a giant whale floated $21.1 million in a month and a half

Comparative news, according to on-chain analyst Ember Monitoring, when the micro-strategy announcement on July 6 triggered a market decline, a giant whale went long in BTC and ETH worth 80 million dollars and held it ever since. The BTC multi-order opening price is $62353, and the ETH multi-order opening price is $1,762. With the market rebounding in the past two days, the giant whale's multiple orders established a month and a half ago are currently trading at $21.1 million.

1d ago

MicroStrategy's BTC holdings have increased by 10 billion US dollars in a week, and now they have turned a loss into a profit of about $83 billion

Comparing news, as BTC rebounded sharply by more than 20% this week, the book value of BTC held by Michael Saylor's Strategy has rebounded significantly. According to public data, the current market value of 840,447 BTC held by Strategy is about US$641.9 billion, the average holding cost is about US$75,385, and the total cost is about US$63.36 billion. At current prices, its BTC holdings have a surplus of about US$83 billion. If BTC were calculated around $64,500 a week ago, as BTC rebounded to the current $76,378, Strategy's BTC book increased by about $10 billion a week.

1d ago

MicroStrategy paid back; Hwang In-hoon's daughter went to Beijing; OpenAI secretly cut quotas...

Dear readers, what have the KOLs on X been talking about in the past 24 hours? Note: The following content is compiled from the X platform. They are all personal opinions. They do not represent the platform's position, let alone constitute investment advice. MicroStrategy returns, Huang Renxun's daughter went to Beijing to secretly cut quotas with OpenAI, Musk comments on Suzaku Rocket: Twitter: https://twitter.com/BitpushNewsCN比推 TG Exchange Group: https://t.me/BitPushCommunity比推 TG Subscriptions: https://t.me/bitpush

1d agoBitpushNews#KOL

Analysis: BTC's high-ranking chips have been reduced by 41.5% in 2025, and the biggest supply pressure in the market may be easing

Comparing the news, on-chain analyst Murphy said that currently all chips bought in BTC in 2025 have been held at a loss since then. Therefore, in addition to wallet migration, a decrease in chip size in 2025 is likely to mean that holders will cut meat and sell it. According to the data, up to now, there are about 4.77 million BTC chips left purchased in 2025, down 41.5% from the peak in December last year. Judging from the downward trend, this group went through two stages: chips declined rapidly before February of this year, and the decline rate slowed significantly after February, but remained at a certain slope. Murphy believes that 2025 chips may be the largest potential supply side of the current market. In contrast, BTC chips formed in 2024, 2023, and 2022 are still floating and have basically completed the release of high-position slots. The downward slope of the curve is gradually flattening, which means that the selling pressure on long-term holders is weakening. Historical data shows that in the past two lower rounds of the bear market, there was a marked decline in high-ranking chips: at the bottom of the bear market in 2022, high-ranking purchase chips decreased by about 51% in 2021; at the bottom of the bear market in 2018, high-level chips decreased by about 62% in 2017. Referring to the historical cycle, Murphy believes that at the bottom of this bear market, the decline in high-ranking chips in 2025 may be in the 50%-60% range. The current 41.5% drop means there is still some room for release. However, the judgment did not take into account BTC purchased by institutions such as spot ETFs and MicroStrategy. Most of these chips have been locked down for a long time, which may reduce actual market supply pressure.

8d ago

Strategy lost about US$18.77 million in coin sales last week, and Bitmine's overall holdings lost about US$8.871 billion

Comparative news, according to EmberCN monitoring, crypto treasury companies experienced a split operation last week: Bitcoin treasury company MicroStrategy (Strategy) sold BTC again after a month, while Ethereum treasury company Bitmine continued to increase its ETH holdings. According to the data, Strategy sold 1,638 BTC at a price of about $639.57 million last week, with a total value of about $105 million. The sale price was $114.62 million lower than its average holding cost, and the actual loss was approximately $18.77 million. Currently, Strategy holds a total of 842,138 BTC, the average holding cost is 754.19 million US dollars/piece, and the book loss is about 10.829 billion US dollars, and the loss margin is about 17%. Meanwhile, Bitmine last week bought 10,399 ETH at a price of about $1909 per unit, investing around $1985 million. The company currently holds 5,797,813 ETH with a total value of about US$10.674 billion. The average holding cost is US$3,371/piece, and the book loss is approximately US$8.871 billion, with a loss of about 45.4%. According to statistics, Bitmine has continuously maintained a record of weekly ETH purchases since the launch of the Ethereum treasury strategy. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

19d agoburnking

Yushu Technology launched a new project on August 10. Did one sign earn 500,000? Will US stocks rebound or reverse; CZ or buy meme coins...

Dear readers, what have the KOLs on X been talking about in the past 24 hours? Note: The following content is compiled from the X platform. They are all personal opinions. They do not represent the platform's position, let alone constitute investment advice. Yushu Technology launched a new project on August 10. Did one sign earn 500,000? Will US stocks rebound or reverse CZ and buy meme coins? MicroStrategy Financial Report Twitter: https://twitter.com/BitpushNewsCN比推 TG Exchange Group: https://t.me/BitPushCommunity比推 TG Subscriptions: https://t.me/bitpush

22d agoWendy#KOL

Chip stocks then crashed, and Bitcoin held up

Wall Street closed on Tuesday, and the memory chip sector continued to be bloodwashed. The Dow initially closed down 0.25%, the S&P 500 fell 0.45%, and the NASDAQ fell 1.16%. The retracement of memory chip stocks increased — SanDisk (SNDK.O) fell 7%, Western Digital (WDC.O) fell nearly 8%, Micron Technology (MU.O) fell 4.7%, and SpaceX (SPCX.O) fell nearly 7%. Bitcoin fell slightly after hitting a two-week high of $64,597 in the intraday period, and eventually stabilized above $63,500. On a trading day when the NASDAQ fell more than 1% and the chip sector collectively failed, Bitcoin's decline was far less than that of technology stocks — once again emerging from a “relatively independent” market. The truth about the short-term rebound: Bears' recovery dominates this round of rebound. What exactly is the driving force? On-chain data shows that Bitcoin futures open positions (OI) have dropped from a high of 776,000 BTC on July 3 to 740,000 BTC, indicating that derivatives traders did not participate in this round of growth. Meanwhile, Coinbase's premium continues to be negative, indicating that US investors' demand for spot purchases is still weak. In other words, this rally was more the result of a bearish squeeze — rather than fresh bulls entering the market. “Until BlackRock's IBIT shows continued structural institutional demand, this level of support has not been confirmed,” Bitfinex analysts said in a report. The Glassnode market report also indicates that the current market currency trading volume is still sluggish, while the amount of unclosed contracts and long funding rates have increased. ETF funding side: The trend has not been confirmed, and one point that needs to be observed is the shift in ETF capital flows. On Monday (July 6), the US Spot Bitcoin ETF recorded a net inflow of $265.7 million, the largest single-day net inflow since May. Of this, BlackRock's IBIT contributed $209.4 million. Other products include Fidelity's FBTC inflow of $9.7 million, ARK 21Shares' ARKB's inflow of $33 million, and Grayscale Bitcoin MiniTrust's inflow of $42.3 million — only Grayscale's flagship product, GBTC, continued to flow out $44.5 million. This was the second straight day of positive inflows. Prior to that, US spot Bitcoin ETFs experienced eight consecutive weeks of net outflows. Meanwhile, in June, the ETF had a record net outflow of around $4.5 billion. However, one data is alarming: for the week ending July 4, despite two days of inflows, the weekly net outflow still reached $526.6 million, a record for the eighth consecutive week of net outflow. The current stage is still a “repair observation window” rather than a “confirmed turning point.” MicroStrategy Coin Sale: The timing is not very friendly to the bulls. Strategy (MicroStrategy) sold 3,588 BTC last week to cash out about $216 million to pay dividends on preferred shares. Well-known analyst Ali pointed out on X that the timing of this sale was “not very friendly to bulls” — the TD Sequential indicator flashed a sell signal at just the same time. The combination of technical signals and institutional sell-offs has indeed put pressure on market sentiment. Martinez described this combination as “not a situation the bulls wanted to see.” But short term noise aside, there are a few key stats worth keeping in mind: First, the ratio is extremely small. As of July 5, Strategy still holds 843,775 BTC, plus $2.55 billion in cash. 3,588 BTC accounts for only about 0.4% of the total holdings. Second, the purpose is clear. Saylor confirmed on X that this sale, which is dedicated to paying dividends on digital credit securities, is a capital structure management rather than a strategic shift. Third, the net buyer status has not changed. Strategy bought 85,296 BTC in the second quarter, and sold only 3,620 during the same period, with a buy/sell ratio as high as 22. 5:1. Technical side: Volatility is the main focus. Well-known trader Daan Crypto Trades posted a chart on X showing the correlation between Bitcoin and NASDAQ, which went from -0.87 to +0.72 in just a few days. What does that mean? -0.87 means that the two fluctuate almost in reverse: US stocks rise and Bitcoin fall, US stocks fall and Bitcoin rise, like hedging tools. +0.72 means that the two fluctuate in the same direction: when US stocks rise, Bitcoin rises, and when US stocks fall, Bitcoin also falls, like a technology stock. But strangely enough, this correlation is now back in the middle. So you can see this kind of split market: the NASDAQ fell by more than 1%, and although Bitcoin also fell back, the decline was far less than that of technology stocks, and remained stable above 63,000. It has neither completely followed the decline, nor has it come out of a completely independent market — this is the middle state. In the next few days...

46d agoWendy#original #Bitcoin #Micron #US stocks #chips #Market topics #SanDisk

Data: Bitcoin and Ethereum options with a nominal value of $2.13 billion due

Comparative news, according to Greeks.live, option delivery data shows that when 310,000 BTC options expire, the Put Call Ratio is 0.7, the biggest pain point is 61,000 dollars, and the nominal value is 1.9 billion US dollars. The 135,000 ETH options expire, the Put Call Ratio is 1.29, the biggest pain point is $1,650, and the nominal value is $230 million. According to the analysis, Bitcoin once again recovered the $60,000 key integer mark this week, but the long-term downtrend is still not over. The sale of microstrategies and ETFs completely changed the market consensus. The biggest buyer became the seller, which is a sign of an accelerated decline in any market. Looking at key options data, more than 8% of options expire this week, with BTC GEX distribution concentrated at $60,000 and ETH GEX distribution concentrated at $1,700. This week, ETH's Put Call Ratio reached 1.29, and the share of put options is at a very high level. The market's safe-haven demand is high, and concerns about another decline are obvious. Recently, market hot topics have focused on US stocks, and the tokenization of US stocks. It will still take a long time for the popularity of AI and semiconductors to be retransmitted to the crypto sector. In this context, the crypto market Q3 is not optimistic.

50d ago

Binance founder Zhao Changpeng: MicroStrategy's dividend design is too complicated, and I don't fully understand its mechanism

Comparing news, on June 29, Binance founder Zhao Changpeng said on the “The Block” podcast: After trying it several times, he never fully understood Strategy's STRC products, and thought the design of such financial products was too complicated. He is worried that if he can't even understand it himself, then there is probably still a group of people who don't understand exactly what they are buying. However, he believes that the market is overreacting to Strategy's sale of 32 bitcoins — the company always has to pay dividends and sooner or later gets a selling point.

52d ago

“Saylor officially became a Seller”: Microstrategy's self-help, no surprise

Strategy (MicroStrategy) has officially authorized the sale of Bitcoin. Wall Street's response was a double-digit surge, with Strategy shares rising 14% intraday. Over the past year, Bitcoin fell from $126,000 to less than $60,000, and Strategy's 847,363 bitcoin holdings generated more than $13 billion in unrealized losses. More fatally, the company's stock price fell by about 80%, and the market capitalization fell below the value of its Bitcoin holdings for the first time — the “premium” that supported its continuous issuance of shares and bonds to buy more bitcoins disappeared. When the funding window closes, Strategy must turn to internal assets to meet its dividend and interest payment obligations of nearly $1.8 billion a year. The “turnaround” plan faced this long period of failure, and Strategy finally came up with its own “turnaround” plan. According to the June 29 8-K document, the company officially launched the “Digital Credit Capital Framework”, with only one core thing: authorizing the sale of Bitcoin under strictly limited conditions. Specifically, the proceeds from the sale of Bitcoin can only be used for three things: adding up to $1.25 billion in dollar reserves; paying dividends and interest on preferred shares; and implementing repurchase plans. Sales outside of these ranges require separate board approval. The company also emphasized that this did not constitute any obligation to force the sale. At the same time, Strategy also launched a $2 billion repurchase plan — $1 billion each for preferred shares and Class A common shares; raised the dividend rate for STRC preferred shares from 11.5% to 12%; and formally established a dollar reserve policy requiring holding cash to cover at least 12 months of rigid expenditure. As of June 28, this reserve was approximately $2.55 billion. CEO Phong Le defined this transformation as an evolution from “one-way capital issuance” to “active capital management.” Michael Saylor emphasized that the goal of the framework is to “strengthen credit quality” while “maintaining long-term exposure to Bitcoin.” Translation: The path of only buying and not selling in the past doesn't work; now we have to learn how to operate in both directions. The MSTR stock price has been falling continuously for the past eight trading days, setting a record for the longest continuous decline since December 2022. The stock price fell by about 81% from its all-time high of $457.22 in July 2025, with a cumulative decline of more than 43% during the year. STRC preferred shares also fell to around $75, far below the face value of $100. Amidst such fears, Strategy gave three direct responses in one go: stock buybacks to back up stock prices, dividend increases to calm preferred stock holders, and a dollar reserve policy to eliminate concerns about default. Benchmark analyst Mark Palmer pointed out earlier that the market's continued focus on the sharp drop in STRC prices is a key factor putting pressure on MSTR. In other words, the market is not celebrating “being able to sell coins” — it is celebrating “finally having a clear plan to deal with the crisis.” However, the fundamentals of MSTR are still weak. At an average purchase cost of approximately $75,646, Strategy held 847,363 bitcoins and had unrealized losses of approximately $14 billion. The company's MNaV (ratio of enterprise value to Bitcoin holding value) fell below 1 for the first time, meaning that the market is no longer paying any premium for its “Bitcoin Agent” story. Will BTC reach today's price? More than 66500 greater than 66000 Powered by Moment Predict. Earn points. Unlock the Airdrop Edit Delete Will CryptoBTC Reach Price Today? Above 66500 is greater than 66000 judgment rules: If the highest price of BTC reaches 66500 USDT or above today → determine “≥66500 USDT” If the highest price of BTC reaches 66,000 USDT today but does not reach 66500 USDT → determine “66000-66500...

54d agoWendy#Strategy topics #Microstrategies #Bitcoin