btc

The CEO of the World Gold Council recently stated that he personally believes Bitcoin will ultimately "go to zero," saying, "My personal view on Bitcoin is that it will go to zero." In response, Binance co-founder CZ posted that many people have made incorrect judgments about cryptocurrencies in the past, but understanding this field takes time, and he stated, "I also can't be 100% sure that I'm right, after all, we are all human."Analysis suggests that the view of Bitcoin "going to zero" has long existed in recent years, with critics mainly arguing that it lacks the cash flow support of traditional assets and has excessive price volatility; while supporters believe that Bitcoin possesses decentralization, scarcity, and digital value storage attributes, and may become part of the global financial system in the future.

According to GoPlus monitoring, a Bitcoin holder just securely transferred assets from a Coldcard MK4 hardware wallet to a centralized exchange, avoiding the risk of the hardware wallet itself being stolen. However, within less than 12 hours after the transfer was completed, their Google account was hacked. Due to enabling Google verification cloud synchronization, the exchange account was logged into, and approximately $750,000 worth of Bitcoin was emptied.GoPlus pointed out that such attacks typically do not rely on brute force but are achieved through social engineering phishing and weak password cracking. Common methods include: phishing pages inducing the input of Google passwords, malicious browser plugins or cracking software stealing cookies and passwords, weak password reuse being cracked, and password resets after recovery email or phone number takeover.

El Salvador has added a total of 8 bitcoins in the past 7 days and 31 bitcoins in the past 30 days. Currently, its bitcoin holdings amount to 7,745.37 bitcoins, with a total value of 448 million USD.

Swissblock stated that the initial momentum launch of Bitcoin failed to form an effective breakthrough, and the momentum indicators have now returned to the "transition zone."If BTC can hold the range of $62,300 to $62,500, the current consolidation structure is still expected to be maintained.

CryptoQuant analyst Darkfost stated that the BTC that has not moved for over 10 years (considered "lost" supply) has reached a new high of 3.56 million coins, accounting for approximately 17.7% of the circulating supply.He mentioned that while there are occasionally some long-dormant coins that become active again, overall, this portion of "lost" supply continues to increase. In the past 30 days, over 14,000 BTC have joined this long-dormant category. This trend will naturally reduce the actual circulating supply of Bitcoin.

Renowned trader Killa posted that Bitcoin has currently returned above the Mayer multiple of 0.8, after previously dipping below this level. He pointed out that in 2022, BTC also briefly fell below this level, only to recover afterwards.Killa stated that the real confirmation signal in 2022 came when Bitcoin regained the 200-day moving average, after which the bull market began. Currently, BTC's 200-day moving average is approximately $69,500. He believes that next, we just need to wait for Bitcoin to break through and stabilize above the 200-day moving average; once this action is completed, the market can be considered to have officially turned into a bull market.

Crypto analyst Ali Charts posted that, based on Bitcoin's four-year cycle, he expects BTC to reach the market bottom between October 6 and 16.He believes that before the final capitulation phase arrives, investors should develop a dollar-cost averaging strategy in the range of $62,000 to $48,000, gradually accumulating Bitcoin. He assesses that the current bear market is nearing its end and states that now is the time to start turning bullish.

As of August 15, Bitcoin miners' holdings have dropped to approximately 1.1919 million BTC, a decrease of 885 coins from a week ago, marking a new low since May 31.During the same period, the overall network hash rate has declined, and the Puell Multiple remains at 0.75.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $5.361 billion, with long positions totaling $2.622 billion, accounting for 48.9% of the holdings, and short positions totaling $2.740 billion, accounting for 51.1%. The profit and loss for long positions is -$108 million, while the profit and loss for short positions is $32.8647 million.Among them, the whale address 0xff84..1d has shorted BTC with a 40x leverage at a price of $63,581.5, currently showing an unrealized profit and loss of $1.0531 million.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $49.7888 million, with long positions liquidated at $28.867 million and short positions liquidated at $20.9218 million. Among them, Bitcoin long positions were liquidated at $1.0665 million, Bitcoin short positions at $0.9177 million, Ethereum long positions at $0.5491 million, and Ethereum short positions at $0.6746 million.In addition, in the last 24 hours, a total of 55,257 people were liquidated globally, with the largest single liquidation occurring on Binance - BTCUSDT worth $286,500.

According to Coinglass data, if BTC breaks through $65,745, the cumulative short liquidation intensity on mainstream CEX will reach $303 million. Conversely, if BTC falls below $60,369, the cumulative long liquidation intensity on mainstream CEX will reach $303 million.

Bitcoin News posted on the X platform that a long-term Bitcoin holder had all assets withdrawn from their account less than 12 hours after transferring BTC to a major exchange in Australia.According to friends, the hacker had infiltrated their Google account for about 3 months and obtained the Google Authenticator verification credentials for their email and cloud backup, subsequently waiting for them to deposit BTC into the exchange. The exchange identified the hacker as the account holder and approved the withdrawal, with the holder receiving a withdrawal approval notification at 3 AM. The post suggested disabling Google Authenticator cloud backup and using hardware security keys like YubiKey; setting up two keys can serve as a backup in case one is lost.

Founder of Strategy, Michael Saylor, stated that Bitcoin integrates computers, digital networks, and cryptography to create the first currency network in human history designed in a digital manner. It completely dematerializes monetary assets, with supply controlled by public protocols rather than decisions, transforming economic value into information that can be securely transmitted across global communication networks.Compared to gold, Bitcoin is harder to inflate, easier to integrate with software, faster in transmission, and every participant has the incentive to maintain network security. The proof-of-work mechanism anchors it in the physical world, making the cost of tampering with history high by consuming real energy for ledger security, attracting miners, energy providers, and investors to collaboratively build a defense system. Bitcoin is digital gold, but understanding it as digital currency is more fitting.The Bitcoin network is not static software; it is an adaptive system composed of miners, nodes, developers, capital, and users. Bitcoin deliberately maintains functional simplicity, focusing solely on maintaining a secure and reliable ledger of scarce digital assets, leaving complexity to higher-level applications.This layered design of underlying integrity and upper-level functionality allows it to serve as a foundation for transmitting monetary energy across time and space while supporting continuous innovation in payments, credit, and financial services.The more profound impact is that Bitcoin creates a new form of digital sovereignty: private keys empower individuals to control economic energy without permission, with ownership verified by mathematics rather than institutions. Companies, banks, trusts, and applications can build a complete economic system around it, and social networks can introduce real costs and responsibilities into the digital space.Gold monetized physical scarcity, while Bitcoin monetizes digital scarcity. It is not merely a payment tool but an engineering solution to humanity's problems of energy preservation and guidance—currency is energy, and Bitcoin is the currency energy of the digital age.

Bitcoin News posted on the X platform that Block has updated its Bitcoin roadmap, launching several features in its products over the past year.Recently launched features include: Cash App supports purchasing Bitcoin via ACH, more readable Bitcoin addresses, paying in USD through the Lightning Network, Square merchants supporting Bitcoin payments and Tap to Pay, 5% Bitcoin cashback, increased withdrawal limits and reduced fees, and open-source mining management through Proto.Features currently under development include: automatic withdrawals to Bitkey, Coin Control, multi-account, and multi-beneficiary inheritance.

According to Coinglass data, if BTC falls below $60,043, the cumulative long liquidation intensity on mainstream CEX will reach $756 million. Conversely, if BTC breaks above $65,739, the cumulative short liquidation intensity on mainstream CEX will reach $755 million.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $5.282 billion, with long positions of $2.58 billion, accounting for 48.84% of the holdings, and short positions of $2.702 billion, accounting for 51.16% of the holdings. The profit and loss for long positions is -$11 million, while the profit and loss for short positions is $36.0718 million.Among them, the whale address 0xff84..1d has shorted BTC with a 40x leverage at a price of $63,581.5, currently realizing an unrealized profit and loss of $1.1031 million.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $166 million, with long positions liquidated at $96.4261 million and short positions liquidated at $69.1273 million. Among them, Bitcoin long positions were liquidated at $26.8053 million, Bitcoin short positions at $3.965 million, Ethereum long positions at $11.3938 million, and Ethereum short positions at $3.7955 million.In addition, in the last 24 hours, a total of 88,830 people were liquidated globally, with the largest single liquidation occurring on Binance - SNDKUSDT worth $2.0559 million.

According to Onchain Lens monitoring, Jump Crypto deposited 286.83 bitcoins (worth about 18.01 million USD) to Binance two hours ago, likely for selling.This week, Jump Crypto has deposited 1560 bitcoins (worth about 99.2 million USD) to Binance. Its remaining holdings are 1410 bitcoins (worth about 88.58 million USD).

Cboe BZX Exchange is seeking approval from the U.S. SEC to list a set of leveraged commodity ETFs, including daily leveraged products that provide 3x long exposure to Bitcoin and Ethereum. According to the proposed rule change document submitted on Friday, Cboe plans to launch the 3x Gold ETF, 3x Silver ETF, 3x Bitcoin ETF, 3x Ether ETF, 3x Crude Oil ETF, and 3x Natural Gas ETF.These funds will primarily achieve their objectives by holding CME or COMEX futures contracts and using cash and cash equivalents as collateral, aiming to deliver 3x returns corresponding to the daily performance of the underlying assets. Since the related products do not comply with the exchange's general listing standards regarding leveraged products, Cboe needs to apply for approval through special rules. Such highly leveraged funds are typically aimed at sophisticated investors for short-term tactical trading and are not suitable for long-term holding.The document also indicates that these funds will operate in the form of a "commodity pool," subject to CFTC regulation, rather than as an investment company under the 1940 Act regulated by the SEC, like many traditional ETFs. Commodity pools typically aggregate funds from multiple investors to trade derivatives or other commodity-related instruments.

According to Coinglass data, if Bitcoin falls below $62,000, the cumulative long liquidation intensity on mainstream CEX will reach $803 million. Conversely, if Bitcoin breaks through $64,000, the cumulative short liquidation intensity on mainstream CEX will reach $888 million.The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.