According to CryptoQuant, the buy volume for Bitcoin outpaced sell volume by 20.86x
This is one of the sharpest spikes in the ratio over the past few weeks
Similar spikes happened on July 18 and July 29, but this one is the strongest yet
On the chart, the green spike on July 30 towers over everything else from the past two weeks, the market is clearly leaning hard on one side
Source: CryptoQuant
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According to a post on r/Bitcoin, one user says three of his Coldcard hardware wallets were drained within 8 minutes on July 29th
He’s already filed a report with authorities, but knows the odds of recovering anything are slim to none
Hard to imagine how devastating that must feel
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Axios reports the sides are close to a 60-day interim deal, with an announcement expected as soon as August 6
📦 Inbound tankers would use the Iranian-controlled lane, outbound traffic would use the Oman-supervised lane
🚢 The strait has seen a sharp drop in shipping traffic amid the standoff
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A wallet dormant for 15 years just transferred another 50 BTC (~$3.2M), according to Galaxy Research
The owner accumulated 144 BTC back in 2011 for just ~$400, his profit from the price surge now sits at around $9.75M
70 BTC (~$4.5M) still remains on the balance
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