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According to Trader T data, the total net inflow for US spot Bitcoin ETFs yesterday was $244.42 million. Among them, BlackRock IBIT ranked first with a net inflow of $196.83 million; Ark ARKB had a net inflow of $37.63 million, Fidelity FBTC $11.28 million, Bitwise BITB $10.56 million, and Morgan Stanley MSBT $2.79 million.
Odaily News According to on-chain analyst Ember Monitoring, a whale opened a 40x leveraged short position on 1,600 BTC yesterday, worth $102 million, with a liquidation price of $64,889. Subsequently, the whale set stop-loss orders between $64,885 and $68,254, placing them in increments of 50 BTC each. At 4 AM, BTC rebounded to $65,000, triggering 4 of the stop-loss orders, reducing the position by 200 BTC, worth $13 million, and realizing a loss of $146,000. The whale still holds a short position of 1,400 BTC, worth $90.54 million, with the latest liquidation price at $64,998.
CryptoQuant stated that as crypto asset prices remain under pressure, large holders are increasing their positions in Bitcoin, Ethereum, and XRP, indicating they may be preparing for the next market cycle.The firm believes this behavior suggests the current bear market may have entered its final phase. However, CryptoQuant also emphasized that the market has not yet confirmed a bottom, and prices could still decline further.CryptoQuant Research Head Julio Moreno stated that the largest holder groups of BTC, ETH, and XRP are increasing their supply holdings as prices approach or fall below their realized prices. This shift in positioning helps reduce downward pressure and aligns with characteristics typical of the late stage of a cyclical downturn.Data shows that, excluding exchanges and mining pools, Bitcoin whale balances have rebounded from a low of approximately 2.87 million BTC in December 2025 to roughly 3.06 million BTC. This data also excludes holdings by ETFs or digital asset treasury companies.CryptoQuant noted that Bitcoin whale holdings have maintained a positive 30-day growth for most of 2026, and accumulation intensified when Bitcoin fell below $60,000 in June. However, current whale balances remain below the 2025 bull market peak of approximately 3.23 million BTC, suggesting there is still room for continued accumulation.
According to Odaily, despite spot Bitcoin ETFs recording net inflows of $211.5 million on Tuesday, the price of Bitcoin remained largely flat, hovering around $64,000. Analysts believe this movement resembles the market being compressed into a low-volatility state, rather than signaling an impending sharp decline.On the same day, spot Ethereum ETFs also recorded net inflows of $53.8 million. In the broader macro market, the S&P 500 index closed at a record high of 7,737 points on August 4, the Nasdaq rose 2.6% driven by AI earnings, and Brent crude oil fell below $80 due to easing tensions in the Strait of Hormuz.Wintermute OTC trader Jasper De Maere stated that ETF buying entering the market but failing to push Bitcoin's price higher is itself a key signal, indicating that marginal buyers in the spot market are not truly one-sided bulls. He believes that for Bitcoin to sustain its recovery narrative, it needs a clear breakout above $65,000 in the short term.Overall, analysts are interpreting the current Bitcoin price action as a form of "boring bottoming": no obvious panic selling, yet lacking strong upward momentum. ETF inflows provide support, but the price remains suppressed below key resistance, suggesting the market is still waiting for a clearer directional catalyst.
Odaily News: According to Bitcoin News monitoring, Galaxy Research stated that the largest known COLDCARD theft incident involves 1,159 BTC, distributed across seven attacker addresses, which remain untouched to date, with 0 BTC cashed out or transferred through mixers. The relevant BTC was stolen within 41 minutes, but approximately 600 attacker addresses have been flagged by law enforcement agencies, exchanges, and blockchain analysis firms. Meanwhile, a smaller-scale attacker appears to have begun cleaning funds. On-chain analysts have tracked 64 BTC entering mixers, of which only about 10 BTC initially completed mixing, 54 BTC returned as change, and were subsequently split into outputs of approximately 7 BTC each for further mixing. Analysts noted that these unusually large outputs remain easy to trace, making this cleaning attempt relatively transparent.
Odaily News: According to Bitcoin News monitoring, Alex Thorn of Galaxy Research stated that researchers initially identified the first wave of COLDCARD thefts through a distinctive on-chain pattern: thousands of automated asset transfer transactions used the same fixed fee rate and exhibited identical transaction behavior. This characteristic enabled analysts to trace attacker activity across Bitcoin UTXO history and map out multiple rounds of coordinated theft.
Odaily Odaily News: K33 Head of Research Vetle Lunde stated that the Coldcard attack likely drove the movement of approximately 890,000 BTC within 7 days, setting the highest 7-day active supply record for 2026. K33 estimates that around 7,300 addresses had approximately 1,596 BTC stolen at the time the report was prepared. The incident stems from a firmware flaw introduced by Coinkite in March 2021 in Coldcard hardware wallets, which may generate wallet seeds with insufficient randomness. Since July 30, coordinated transfers have removed approximately 1,600 BTC from thousands of addresses, worth over $100 million, and a possible fourth wave of attacks has pushed the total to nearly 2,000 BTC. On-chain data shows that Bitcoin's 7-day hot supply rose from 403,101.95 BTC on July 28 to 797,407.72 BTC on August 4, an increase of approximately 394,306 BTC in one week, or 98%. Sani from Timechainindex.com stated that since the Coldcard hack on Friday, exchanges have seen net inflows of 22,052 BTC. From July 30 to August 5, 39 dormant addresses moved a total of 1,486.09044782 BTC, worth over $95 million. Among them, one address created in 2010 moved 50 BTC, and five addresses created in 2013 collectively moved 620.00100547 BTC.
CryptoQuant analyst Darkfost stated on the X platform that the current Bitcoin (BTC) supply profit ratio is approximately 52%, meaning nearly half of Bitcoin holdings are still at a loss, and the market is approaching a key turning point in the bear market cycle.The analysis points out that historically, during each bear market, the Bitcoin profitable supply ratio eventually falls below 50%, entering a stage where "loss-making positions are in the majority." This typically signals further release of market pressure and serves as an important indicator of the late bear market phase.Data shows that in June and July of this year, the Bitcoin profitable supply ratio briefly fell below 50%, but overall it remained near the critical level. Analysts believe this indicates that the current bear market cycle has entered a deeper stage.The analysis states that regardless of where the final market bottom price lies, the Bitcoin market may currently be entering the final phase of the bear market.However, the profitable supply ratio only reflects the on-chain cost structure of holdings and cannot alone determine the market bottom. Further observation combining indicators such as capital flows, macroeconomic conditions, and market sentiment is still required.
CertiK 表示，其监测系统发现两笔各 200 ETH 的交易转入 Tornado Cash，相关资金与正在进行的 Coldcard Wallet 攻击事件有关。上述资金此前通过 THORChain 由 BTC 跨链转入以太坊地址，随后再被转入 Tornado Cash。
CryptoQuant analyst Darkfost stated in a post that while Bitcoin continues to oscillate within the $60,000 to $65,000 range, the Binance Whale Inflow Ratio has risen to 0.52, hitting a new high in nearly four months. The rise in this indicator suggests that compared to retail and small-to-medium traders, whales have recently transferred more Bitcoin to Binance, implying that potential selling pressure in the market has increased.
Odaily News, CryptoQuant analyst Moreno stated that USDT liquidity is experiencing one of the most severe contraction phases in its history. The 60-day change in USDT market cap has fallen to approximately -$4 billion, nearing historical extreme negative levels. Meanwhile, liquidity contraction is still accelerating, with USDT supply decreasing by approximately $870 million over the past 11 days, indicating this is not merely a lagged effect of earlier redemptions.Stablecoins are the most direct source of available liquidity in the crypto market. Sustained USDT expansion is typically accompanied by stronger BTC price performance, while prolonged contraction phases often correspond to weak demand, market pullbacks, and declining risk appetite. However, the correlation between USDT flows and BTC price does not prove direct causation—both may be simultaneously influenced by risk-aversion sentiment, with redemption pressure and spot selling occurring in tandem. The current BTC decline is not an isolated event but is occurring against the backdrop of one of the market's primary liquidity sources steadily shrinking, which also explains why recent bounces have been difficult to sustain. To improve market conditions, we need to see the 60-day change in USDT stabilize, daily supply contraction slow, and a return to an expansion phase.
According to monitoring data from Trader T (@thepfund), Bitcoin spot ETFs recorded a net inflow of $211.5 million yesterday. BlackRock's IBIT led with $170.4 million, Fidelity's FBTC saw an inflow of $19.58 million, Ark's ARKB saw an inflow of $9.17 million, Bitwise's BITB saw an inflow of $8.72 million, and Morgan Stanley's MSBT saw an inflow of $3.68 million; products from Invesco, Franklin, Valkyrie, VanEck, WisdomTree, and Grayscale recorded no net inflows on the day.
According to monitoring by on-chain analysis platform Lookonchain (@lookonchain), Bitcoin mining company MARA transferred 6,000 BTC (approximately $384.6 million) to TwoPrime within the past 5 hours. Currently, MARA holds a total of 36,303 BTC (approximately $2.34 billion).
据链上分析平台 Lookonchain（@lookonchain）监测，与 Michael Saylor 旗下 Strategy 关联的钱包于 2 小时前再度转出 1,030 枚 BTC，价值约 6,614 万美元。此前一周，Strategy 已出售 1,638 枚 BTC，套现约 1.024 亿美元。目前 Strategy 仍持有 842,138 枚 BTC，总价值约 526.5 亿美元。
According to monitoring by on-chain analyst Ember (@EmberCN), an address withdrew 2.44 million USDT from OKX within half an hour and transferred it to Hyperliquid, then immediately opened a short position on BTC worth $102 million with 40x leverage. The short entry price was $64,202, and the liquidation price was $64,889, only about $900 away from the current price.
According to Glassnode data reported by Odaily, the $63,000 level is emerging as a key support and battleground zone for Bitcoin (BTC) in the current market. Over the past few weeks, Bitcoin has continued to trade within the $60,000 to $67,000 range, with over 3% of BTC's circulating supply—approximately 515,000 BTC—having a cost basis concentrated near $63,000. Additionally, more than 362,000 BTC is concentrated in the $61,000 area. Glassnode notes that only the $78,000 to $82,000 range currently has a higher supply density than this zone, corresponding to Bitcoin's May cyclical peak.Furthermore, Bitcoin's current price nearly coincides with the 200-week moving average. Glassnode data shows that the 200-week MA currently stands at approximately $63,657, while BTC's price is around $63,822, indicating significant historical accumulation and strong cost support in this area.Looking at the 30-day cumulative Accumulation Trend Score, all types of investors are currently in a net accumulation state, with retail buying momentum being the most pronounced. Meanwhile, whale addresses holding more than 1,000 BTC continue to increase their positions, suggesting that long-term capital is still positioning itself. The $63,000 level has become a critical price band in Bitcoin's short-term market structure, and investor accumulation behavior may provide important reference for future price movements. (CoinDesk)
Galaxy Digital Head of Research Alex Thorn stated that based on new victim reports received following the incident, the number of attackers exploiting the Coldcard vulnerability has reached at least 15.Thorn noted that information provided by victims helped the research team uncover previously unidentified attack activity. Unlike thefts from centralized exchanges, correlations between the attackers in this vulnerability exploit require confirmation through on-chain analysis and victim feedback.He added that a single victim reporting less than 1 BTC stolen helped the team discover a previously unknown attack, which siphoned approximately 12 BTC from 126 addresses.According to Galaxy Research's earlier estimates, the Coldcard vulnerability has led to at least three rounds of attacks, with losses amounting to approximately $100 million in BTC. Additionally, Galaxy has identified a suspected fourth round of attacks, which could bring total losses to approximately $130 million.Meanwhile, the incident has also sparked discussions regarding the security of Bitcoin self-custody. Dragonfly Managing Partner Haseeb Qureshi stated that "AI security hardening costing around $2" could potentially have prevented this vulnerability, and noted that some AI models were able to rediscover related vulnerabilities within a relatively short timeframe. However, industry insiders pointed out that current claims about the speed of AI discovering vulnerabilities lack rigorous blind testing and verification.Researchers believe that as AI model capabilities improve, the costs of vulnerability discovery and attacks in the crypto industry may continue to decline, requiring wallet developers to further strengthen code audits and security protections. (Cointelegraph)
Odaily News: Lookonchain posted on the X platform that as of August 4: Bitcoin ETFs saw a net inflow of 1,600 BTC (approximately $102 million) on the day, and a 7-day net inflow of 1,241 BTC (approximately $79.36 million). Ethereum ETFs recorded a net outflow of 6,558 ETH (approximately $12.27 million) on the day, and a 7-day net outflow of 16,300 ETH (approximately $30.44 million).
Odaily News – Texas Governor Greg Abbott on Monday directed the Texas Public Utility Commission and the Electric Reliability Council of Texas (ERCOT) to audit all data centers seeking to connect to the state's power grid, and paused approvals for ERCOT-related data center projects. The audit timeline has not been disclosed. Bernstein analysts stated that most Bitcoin mining firms operating in Texas have already signed approved power capacity contracts, and their operations are not expected to be affected by the approval pause. They believe the audit will curb speculative data center pipelines, making real sites with development history more valuable. The analysts noted that Cipher Digital, Core Scientific, and CleanSpark's Texas operations may become more vulnerable to public opposition to data center expansion during future ERCOT approval processes to convert pipeline assets into grid-connected power capacity. IREN and Riot Platforms' Texas mining operations have already received full approval from the ERCOT grid.
According to the market weekly report released by market maker Wintermute (@wintermute_t), the macro and crypto markets experienced multiple shocks over the past week: On the macro level, the Federal Reserve maintained interest rates unchanged at 3.50-3.75% with a 9-3 vote. Officials Hammack, Kashkari, and Logan rarely voted together to support a 25bp rate hike, marking dissent at the second meeting since Chairman Warsh took office. The 30-year US Treasury yield once touched 5.24%, hitting a new high since July 2007, while the 10-year yielded 4.67%. The yield curve bear-steepened, indicating market doubts about the Federal Reserve's inflation credibility. On the stock market level, AI leveraged fund Situational Awareness (under Leopold Aschenbrenner) encountered margin calls due to leverage as high as 400%. Its size plummeted from $45 billion in early July to about $10 billion, forced to sell all public positions to Citadel at a discount. Long positions in AI infrastructure such as SK Hynix and CoreWeave fell sharply, partially explaining the reason for the continuous decline in chip stocks in July. On the crypto level, BTC fell 2.84% weekly and ETH fell 3.63% weekly, but Wintermute believes major sellers are nearly exhausted, and the painful trade direction has turned upward. ETH has outperformed BTC for two consecutive months,