β οΈ Bitcoin is about to print a weekly Death Cross (50WMA crossing below the 100WMA) β and historically, that's not necessarily bad news
In previous cycles, this signal has often appeared near the end of bear markets, shortly before a major bottom formed. π§
The catch? BTC usually falls another ~20% on average in the weeks following the signal.
If history repeats, that could send Bitcoin below $50K before a true long-term bottom is established.
For bears, it's a warning that more downside may still be ahead.
For long-term investors, however, the Death Cross has historically been more of a late bear market indicator than the start of a new collapse.
The market now faces a critical question:
π One final capitulation below $50K?
π Or will Bitcoin break the pattern this time?
Either way, the next few weeks could be decisive for the remainder of this cycle. π
In previous cycles, this signal has often appeared near the end of bear markets, shortly before a major bottom formed. π§
The catch? BTC usually falls another ~20% on average in the weeks following the signal.
If history repeats, that could send Bitcoin below $50K before a true long-term bottom is established.
For bears, it's a warning that more downside may still be ahead.
For long-term investors, however, the Death Cross has historically been more of a late bear market indicator than the start of a new collapse.
The market now faces a critical question:
π One final capitulation below $50K?
π Or will Bitcoin break the pattern this time?
Either way, the next few weeks could be decisive for the remainder of this cycle. π
β€2π1π1
ππ° June became the worst month in history for spot Bitcoin ETF outflows, with investors pulling a massive $4.06 billion from the funds
The previous record of $3.56 billion was set just a few months earlier, in February 2025.
Such heavy outflows suggest that institutional investors have been aggressively reducing risk exposure, adding another source of selling pressure to an already weak market.
The good news? Extreme ETF outflows have historically been a contrarian signal, often appearing when market sentiment is near its worst.
The bad news? Institutions are clearly not in a hurry to buy the dip yet.
For now, June's record outflows highlight one thing: traditional finance has gone into defensive mode, and Bitcoin will likely need fresh demand to regain momentum. ππ
The previous record of $3.56 billion was set just a few months earlier, in February 2025.
Such heavy outflows suggest that institutional investors have been aggressively reducing risk exposure, adding another source of selling pressure to an already weak market.
The good news? Extreme ETF outflows have historically been a contrarian signal, often appearing when market sentiment is near its worst.
The bad news? Institutions are clearly not in a hurry to buy the dip yet.
For now, June's record outflows highlight one thing: traditional finance has gone into defensive mode, and Bitcoin will likely need fresh demand to regain momentum. ππ
π2π1
π€ China's AI race is heating up again
Chinese startup Zhipu has released its new open-source model, GLM-5.2, which scored just one point behind Claude Opus 4.8 in AI agent benchmarks β while reportedly costing around five times less to run.
The next version, GLM-5.5, is already expected in August.
Why does this matter? Because markets have seen this movie before. πΊ
When the low-cost DeepSeek model was released, Nvidia plunged 17% and lost over $600 billion in market value as investors questioned whether massive AI spending was really necessary.
If Zhipu's new models continue narrowing the performance gap with U.S. leaders at a fraction of the cost, the market could once again start asking an uncomfortable question:
πΈ Are the billions being poured into AI infrastructure actually justified?
For AI companies and chip makers, cheap and powerful models may become both the industry's biggest opportunityβ¦ and its biggest threat. π
Chinese startup Zhipu has released its new open-source model, GLM-5.2, which scored just one point behind Claude Opus 4.8 in AI agent benchmarks β while reportedly costing around five times less to run.
The next version, GLM-5.5, is already expected in August.
Why does this matter? Because markets have seen this movie before. πΊ
When the low-cost DeepSeek model was released, Nvidia plunged 17% and lost over $600 billion in market value as investors questioned whether massive AI spending was really necessary.
If Zhipu's new models continue narrowing the performance gap with U.S. leaders at a fraction of the cost, the market could once again start asking an uncomfortable question:
πΈ Are the billions being poured into AI infrastructure actually justified?
For AI companies and chip makers, cheap and powerful models may become both the industry's biggest opportunityβ¦ and its biggest threat. π
π3
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π€ According to historical cycle data, Bitcoin may have already gone through around 73% of its current bear market
It's been 253 days since the October 6, 2025 peak. Historically, Bitcoin bear markets last about 365 days from the top to the final bottom, followed by a bull cycle averaging 1,064 days. π
If this cycle follows previous patterns, the market could be roughly 112 days away from a major trend reversal β or about four months from a potential final bottom.
Of course, history never repeats perfectly, but it often rhymes.
For investors, this means the most painful phase of the bear market may already be behind us, and the next few months could represent the final stretch of red candles before a new growth cycle begins.
The countdown to the next Bitcoin bull market may have already started. ππ
It's been 253 days since the October 6, 2025 peak. Historically, Bitcoin bear markets last about 365 days from the top to the final bottom, followed by a bull cycle averaging 1,064 days. π
If this cycle follows previous patterns, the market could be roughly 112 days away from a major trend reversal β or about four months from a potential final bottom.
Of course, history never repeats perfectly, but it often rhymes.
For investors, this means the most painful phase of the bear market may already be behind us, and the next few months could represent the final stretch of red candles before a new growth cycle begins.
The countdown to the next Bitcoin bull market may have already started. ππ
π4
Thousands of Bitcoin are still locked inside one of crypto's most legendary collectibles
π Between 2011 and 2013, around 28,000 Casascius Coins were minted, containing a total of 91,469 BTC. Each physical coin hides a private key beneath a hologram sticker. Once the seal is removed, the Bitcoin can be spent on-chain.
More than a decade later, many owners still haven't touched their coins. π§
π According to Galaxy Research, approximately 35,300 BTC remain "sealed" inside Casascius Coins today.
At current prices, that's billions of dollars sitting in drawers, safes, and forgotten collections around the world.
Some holders may be preserving them as historical artifacts, while others may have simply lost access or forgotten about them.
Either way, a meaningful chunk of Bitcoin's supply remains physically locked away β a reminder of how early crypto looked when BTC was worth just a few dollars. ππ§‘
π Between 2011 and 2013, around 28,000 Casascius Coins were minted, containing a total of 91,469 BTC. Each physical coin hides a private key beneath a hologram sticker. Once the seal is removed, the Bitcoin can be spent on-chain.
More than a decade later, many owners still haven't touched their coins. π§
π According to Galaxy Research, approximately 35,300 BTC remain "sealed" inside Casascius Coins today.
At current prices, that's billions of dollars sitting in drawers, safes, and forgotten collections around the world.
Some holders may be preserving them as historical artifacts, while others may have simply lost access or forgotten about them.
Either way, a meaningful chunk of Bitcoin's supply remains physically locked away β a reminder of how early crypto looked when BTC was worth just a few dollars. ππ§‘
π4
πͺπΊ MiCA is now officially in force across the European Union
Crypto exchanges were given a transition period to obtain a MiCA license. As of today, only platforms that secured regulatory approval can legally continue offering crypto services across the EU.
Major exchanges such as OKX, Bybit, Kraken, and KuCoin successfully completed the process.
The biggest name missing from the list is Binance. π€·
The world's largest crypto exchange failed to obtain a MiCA license before the deadline, meaning it can no longer legally operate in the EU under the new rules.
Binance has stated that it is still exploring alternative licensing options, but until approval is granted, it remains outside one of the world's largest regulated crypto markets. πͺπΊπ
Crypto exchanges were given a transition period to obtain a MiCA license. As of today, only platforms that secured regulatory approval can legally continue offering crypto services across the EU.
Major exchanges such as OKX, Bybit, Kraken, and KuCoin successfully completed the process.
The biggest name missing from the list is Binance. π€·
The world's largest crypto exchange failed to obtain a MiCA license before the deadline, meaning it can no longer legally operate in the EU under the new rules.
Binance has stated that it is still exploring alternative licensing options, but until approval is granted, it remains outside one of the world's largest regulated crypto markets. πͺπΊπ
π2π1
π¬ Crypto influencer Carl Runefelt, better known as The Moon, has revealed the current state of his portfolio β and the numbers are brutal
Runefelt rose to prominence during the previous bull market as one of YouTube's biggest Bitcoin influencers, sharing technical analysis, market predictions, and promoting crypto projects. During the bear market, he shifted much of his focus to music and professional motorsports. π
Now he's shared what he calls his "failed portfolio."
π One screenshot alone shows more than $1 million in unrealized losses.
His reaction says it all:
Even some of crypto's most recognizable names haven't been spared by the current market.
Runefelt rose to prominence during the previous bull market as one of YouTube's biggest Bitcoin influencers, sharing technical analysis, market predictions, and promoting crypto projects. During the bear market, he shifted much of his focus to music and professional motorsports. π
Now he's shared what he calls his "failed portfolio."
π One screenshot alone shows more than $1 million in unrealized losses.
His reaction says it all:
"My wallet has seen better daysβ¦"
Even some of crypto's most recognizable names haven't been spared by the current market.
π2π1
π€ Another dose of hopium for Bitcoin bulls
Historically, Bitcoin has never closed both June and July in the red. If June finishes negative, July has always delivered at least some relief.
Does that guarantee a rally this month?
Maybe.
The same pattern appeared in 2022, when BTC bounced in Julyβonly to resume its decline and eventually print a lower low before the bear market finally ended.. ππ
Historically, Bitcoin has never closed both June and July in the red. If June finishes negative, July has always delivered at least some relief.
Does that guarantee a rally this month?
Maybe.
The same pattern appeared in 2022, when BTC bounced in Julyβonly to resume its decline and eventually print a lower low before the bear market finally ended.. ππ
π1π1
According to CryptoQuant, the Coinbase Premium Gap has stayed in negative territory for its longest stretch in the past two years! π
π This metric compares the price of BTC on Coinbase with prices on major international exchanges like Binance. When the premium turns negative, Bitcoin trades cheaper on Coinbase, typically signaling stronger selling pressure and weaker buying demand from U.S. investors.
For bulls, a return of the Coinbase Premium Gap to positive territory would be an encouraging sign that U.S. buyers are stepping back into the market. πΊπΈπ
π This metric compares the price of BTC on Coinbase with prices on major international exchanges like Binance. When the premium turns negative, Bitcoin trades cheaper on Coinbase, typically signaling stronger selling pressure and weaker buying demand from U.S. investors.
For bulls, a return of the Coinbase Premium Gap to positive territory would be an encouraging sign that U.S. buyers are stepping back into the market. πΊπΈπ
π1π1
π CryptoQuant CEO: Bitcoin's parabolic growth story may not be over yet
According to Ki Young Ju, the next major bull run will require trillions of dollars in fresh capital, with institutional investors expected to play the leading role.
The math highlights how much Bitcoin has matured:
π In 2011, just $2.8B in new capital helped drive BTC up over 55,000%.
π In the current cycle, roughly $697B has translated into a gain of about 689%.
As Bitcoin's market grows, each percentage move requires significantly more capital.
The analyst believes Bitcoin is still transitioning from a niche investment into a global macro asset. If its Realized Cap expands by another $1 trillion or more, he argues that another parabolic bull cycle remains entirely possible.
The days of easy gains may be overβbut the biggest cycle could still be ahead. π
According to Ki Young Ju, the next major bull run will require trillions of dollars in fresh capital, with institutional investors expected to play the leading role.
The math highlights how much Bitcoin has matured:
π In 2011, just $2.8B in new capital helped drive BTC up over 55,000%.
π In the current cycle, roughly $697B has translated into a gain of about 689%.
As Bitcoin's market grows, each percentage move requires significantly more capital.
The analyst believes Bitcoin is still transitioning from a niche investment into a global macro asset. If its Realized Cap expands by another $1 trillion or more, he argues that another parabolic bull cycle remains entirely possible.
The days of easy gains may be overβbut the biggest cycle could still be ahead. π
π2π2
π³ Bitcoin whales are buying the dip
π On-chain data shows a record spike in whale accumulation during the latest BTC sell-offβthe strongest surge in buying activity seen in years.
While retail sentiment remains shaky, large holders appear to be taking advantage of lower prices and aggressively increasing their Bitcoin positions.
Historically, periods of heavy whale accumulation have often coincided with late-stage bear markets, although they don't guarantee an immediate reversal.
For now, the smart money seems to be treating the recent correction as a buying opportunity rather than a reason to panic. π
π On-chain data shows a record spike in whale accumulation during the latest BTC sell-offβthe strongest surge in buying activity seen in years.
While retail sentiment remains shaky, large holders appear to be taking advantage of lower prices and aggressively increasing their Bitcoin positions.
Historically, periods of heavy whale accumulation have often coincided with late-stage bear markets, although they don't guarantee an immediate reversal.
For now, the smart money seems to be treating the recent correction as a buying opportunity rather than a reason to panic. π
π3β€2
Getting hacked is bullish now? π
Last week, Taiko lost $1.7M after an attacker exploited a private key that had been publicly exposed on GitHub for nearly two years.
Normally, an exploit like this would send a struggling project's token into a death spiral.
Instead, $TAIKO did the oppositeβsurging nearly 8x within 24 hours before settling at roughly 2x above its pre-hack price. π€
Crypto continues to defy logic: last year low-cap tokens pumped after exchange delistings... this year they rally after getting hacked.
At this point, the market seems determined to surprise everyone. π«¨
Last week, Taiko lost $1.7M after an attacker exploited a private key that had been publicly exposed on GitHub for nearly two years.
Normally, an exploit like this would send a struggling project's token into a death spiral.
Instead, $TAIKO did the oppositeβsurging nearly 8x within 24 hours before settling at roughly 2x above its pre-hack price. π€
Crypto continues to defy logic: last year low-cap tokens pumped after exchange delistings... this year they rally after getting hacked.
At this point, the market seems determined to surprise everyone. π«¨
π2π2
π’ Corporate Bitcoin strategies continue to diverge
π―π΅ Metaplanet has added another 2,823 BTC, bringing its total treasury to 43,000 BTC and reinforcing its aggressive accumulation strategy.
π°π· Meanwhile, South Korea's K Wave Media sold all 88 BTC on its balance sheet to repay $6M in debt. The company now holds zero Bitcoin.
π§π· On the other hand, Brazil's OranjeBTC recently purchased 74 BTC for $4.9M, increasing its holdings to 3,896 BTCβthe largest corporate Bitcoin treasury in Latin America.
Some companies are doubling down on Bitcoin, others are cashing out to survive. Same market, completely different strategies. π
π―π΅ Metaplanet has added another 2,823 BTC, bringing its total treasury to 43,000 BTC and reinforcing its aggressive accumulation strategy.
π°π· Meanwhile, South Korea's K Wave Media sold all 88 BTC on its balance sheet to repay $6M in debt. The company now holds zero Bitcoin.
π§π· On the other hand, Brazil's OranjeBTC recently purchased 74 BTC for $4.9M, increasing its holdings to 3,896 BTCβthe largest corporate Bitcoin treasury in Latin America.
Some companies are doubling down on Bitcoin, others are cashing out to survive. Same market, completely different strategies. π
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π₯ Google just made short-form content creation much easier
π NotebookLM has introduced Short Video Overviewsβa new AI feature that turns your PDFs, notes, or web links into vertical videos of up to 60 seconds.
The AI automatically:
β’ Picks out the key points
β’ Writes a script
β’ Generates voice narration
β’ Adds visuals to explain the topic
How to use it:
1οΈβ£ Upload your sources to NotebookLM.
2οΈβ£ Open Studio and select Video Overview β Short.
3οΈβ£ Choose the language, visual style, and describe your target audience.
4οΈβ£ Click Generate to create a ready-to-share Reel, Short, or TikTok.
The feature is currently available in English for Google AI Pro and Ultra subscribers, with a wider rollout expected soon. π
π NotebookLM has introduced Short Video Overviewsβa new AI feature that turns your PDFs, notes, or web links into vertical videos of up to 60 seconds.
The AI automatically:
β’ Picks out the key points
β’ Writes a script
β’ Generates voice narration
β’ Adds visuals to explain the topic
How to use it:
1οΈβ£ Upload your sources to NotebookLM.
2οΈβ£ Open Studio and select Video Overview β Short.
3οΈβ£ Choose the language, visual style, and describe your target audience.
4οΈβ£ Click Generate to create a ready-to-share Reel, Short, or TikTok.
The feature is currently available in English for Google AI Pro and Ultra subscribers, with a wider rollout expected soon. π
β€3π2
πΈπ» El Salvador keeps stacking Bitcoin
The country has officially reached 7,700 BTC in its national treasury, continuing its strategy of purchasing 1 Bitcoin every day regardless of market conditions.
While many investors try to time the market, El Salvador has remained committed to steady accumulation through both bull and bear cycles.
Love it or hate it, the country's dollar-cost averaging strategy is one of the longest-running and most consistent Bitcoin experiments in the world.π°
The country has officially reached 7,700 BTC in its national treasury, continuing its strategy of purchasing 1 Bitcoin every day regardless of market conditions.
While many investors try to time the market, El Salvador has remained committed to steady accumulation through both bull and bear cycles.
Love it or hate it, the country's dollar-cost averaging strategy is one of the longest-running and most consistent Bitcoin experiments in the world.
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π2
π Public crypto token sales have cooled to their lowest level in four years
In Q2 2026, the market saw just 47 ICOs, IDOs, and IEOs, raising a combined $40 million. π€·
Compared to the peak of the last cycle, that's a dramatic slowdown:
π» 95% less capital raised
π» 91% fewer public token sales
The numbers highlight how cautious investors have become. Capital is now flowing more selectively into established projects, private funding rounds, and infrastructure rather than speculative public launches.
For founders, raising money has become significantly harder. For investors, it means fewer opportunitiesβbut potentially higher-quality projects surviving the market shakeout. π
In Q2 2026, the market saw just 47 ICOs, IDOs, and IEOs, raising a combined $40 million. π€·
Compared to the peak of the last cycle, that's a dramatic slowdown:
π» 95% less capital raised
π» 91% fewer public token sales
The numbers highlight how cautious investors have become. Capital is now flowing more selectively into established projects, private funding rounds, and infrastructure rather than speculative public launches.
For founders, raising money has become significantly harder. For investors, it means fewer opportunitiesβbut potentially higher-quality projects surviving the market shakeout. π
π3
π± Bitcoin has bounced back to $61,000 despite the market remaining in Extreme Fear
What makes this recovery particularly interesting is that it appears to be driven by experienced market participants rather than retail investors. Historically, rallies fueled by smart money while retail stays on the sidelines have often marked the early stages of a market reversal.
While it's too early to call a definitive bottom, the current price action is strengthening the case that $60,000 could become a key support level if buying pressure continues. π€
What makes this recovery particularly interesting is that it appears to be driven by experienced market participants rather than retail investors. Historically, rallies fueled by smart money while retail stays on the sidelines have often marked the early stages of a market reversal.
While it's too early to call a definitive bottom, the current price action is strengthening the case that $60,000 could become a key support level if buying pressure continues. π€
π2β€1
π«π€ Legendary investor Michael Burry, best known for predicting and profiting from the 2008 financial crisis, is now betting against the AI boom
Burry has reportedly taken short positions in Micron, Nvidia, and Applied Materials, arguing that their soaring valuations are being driven more by AI hype than by underlying fundamentals.
His move doesn't necessarily mean the AI trade is over, but it does signal that one of Wall Street's most famous contrarians believes optimism around AI chips may have gone too far. π
Burry has reportedly taken short positions in Micron, Nvidia, and Applied Materials, arguing that their soaring valuations are being driven more by AI hype than by underlying fundamentals.
His move doesn't necessarily mean the AI trade is over, but it does signal that one of Wall Street's most famous contrarians believes optimism around AI chips may have gone too far. π
π3
π Global stock market capitalization has reached a record $166T, up $32T (+23.6%) over the past year π°
π While the Dow Jones keeps hitting new highs, the S&P 500 is moving sideways as investors rotate into more defensive sectors amid growing doubts about whether massive AI spending will deliver the expected returns. If that rotation continues, crypto could be next in line for fresh liquidity.
Meanwhile, U.S. markets are closed ahead of Independence Day, setting the stage for a relatively quiet Friday and Saturday.
On the charts, Bitcoin has formed a bullish RSI divergence, suggesting selling pressure is fading and opening the door for a rebound toward $64Kβ66K. Ethereum is also showing relative strength, with a sustained move above $1,700 potentially paving the way to $1,800.π
π While the Dow Jones keeps hitting new highs, the S&P 500 is moving sideways as investors rotate into more defensive sectors amid growing doubts about whether massive AI spending will deliver the expected returns. If that rotation continues, crypto could be next in line for fresh liquidity.
Meanwhile, U.S. markets are closed ahead of Independence Day, setting the stage for a relatively quiet Friday and Saturday.
On the charts, Bitcoin has formed a bullish RSI divergence, suggesting selling pressure is fading and opening the door for a rebound toward $64Kβ66K. Ethereum is also showing relative strength, with a sustained move above $1,700 potentially paving the way to $1,800.π
π2
πΊπΈ Donald Trump has set a new record for the most securities trades made by a sitting U.S. president, with 22,136 trades in 2025 and another 6,100 trades in the first half of 2026
Trump has also become one of the biggest winners of the crypto boom. His estimated $1.4B in crypto-related earnings during 2025 surpassed the annual profits of several major crypto companies, including Coinbase ($1.26B) and CleanSpark ($365M). π
His largest reported stock holdings include Apple, Nvidia, Alphabet, Broadcom, Microsoft, Amazon, Meta, and Tesla.
Looks like "Trader Donnie" has been outperforming more than just the market. π
Trump has also become one of the biggest winners of the crypto boom. His estimated $1.4B in crypto-related earnings during 2025 surpassed the annual profits of several major crypto companies, including Coinbase ($1.26B) and CleanSpark ($365M). π
His largest reported stock holdings include Apple, Nvidia, Alphabet, Broadcom, Microsoft, Amazon, Meta, and Tesla.
Looks like "Trader Donnie" has been outperforming more than just the market. π
π3
π€π΅ Cloudflare wants to turn the internet into a marketplace for AI agents
The company has introduced Monetization Gateway, a service that lets AI agents automatically pay for APIs, websites, datasets, and other digital resources using stablecoins.
Payments run through the open x402 protocol, while Cloudflare handles payment verification directly on its infrastructureβmeaning service providers don't need to build their own payment systems.
The bigger vision? As AI agents become more common, Cloudflare believes the internet could shift away from subscriptions and toward a pay-per-request model, where every API call or piece of content is paid for instantly.
The company has introduced Monetization Gateway, a service that lets AI agents automatically pay for APIs, websites, datasets, and other digital resources using stablecoins.
Payments run through the open x402 protocol, while Cloudflare handles payment verification directly on its infrastructureβmeaning service providers don't need to build their own payment systems.
The bigger vision? As AI agents become more common, Cloudflare believes the internet could shift away from subscriptions and toward a pay-per-request model, where every API call or piece of content is paid for instantly.
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