Market News and Trends

Institutional Investment Bitcoin Whale Activity:
Reports on X indicate that in the past hour, $77.57 million worth of BTC shorts were liquidated, with an unknown whale liquidating $88.5 million in BTC/USDT shorts on HTX, reflecting a surge in bullish market sentiment.
Corporate Adoption:
Murano Global, publicly listed on the Nasdaq, supports the BTC treasury strategy with $500 million, while chip manufacturer Sequans raises $384 million to purchase BTC, as institutional interest continues to drive up prices.
Ethereum Institutional Frenzy:
SharpLink Gaming increases its ETH holdings to $527 million, BTCS plans to invest $100 million to purchase ETH, boosting its stock price by 100%. Fidelity releases a report positioning ETH as a value storage asset, helping the price break through 3000 USDT.
Regulation and Adoption: Positive U.S. Regulatory Environment:
The U.S. House of Representatives will hold a "Cryptocurrency Week" hearing on July 16 to discuss cryptocurrency taxation and regulatory measures, with the Trump administration's strategy to strengthen Bitcoin reserves boosting market confidence.
Ethereum Community Updates:
The Ethereum Community Foundation plans to introduce a series of policies aimed at driving the ETH price to $10,000, triggering a market frenzy in the short term, which helped it break through 3000 USDT last night.
ETF and Market Trends Ethereum ETF Frenzy: ETH ETF saw a net inflow of 46% over the past 30 days, with a single-day inflow of approximately 40 million USD recorded on July 10. Technical indicators show that ETH has broken through a symmetrical triangle pattern, with the next targets being 3153 USD and 3400 USD.
Bitcoin ETF inflows:
From June 30 to July 3, BTC and ETH ETFs saw a net inflow of $988.79 million, indicating continued institutional support for the crypto market.
Technical Analysis:
BTC faces resistance around $120,000 and needs to break through to continue the upward trend; ETH has broken through 3000 USDT, with an RSI of 57.72, indicating strength but not overbought, and may test $3300-$3500.