Sharplink Gaming now holds over 728,000 ETH after a $2.6 billion acquisition 
push, staking nearly all of it for yield. The company says the Ethereum 
network will serve as the core trust layer of the next-generation financial 
system. Ethereum-First: SharpLink Staking Nearly All ETH Holdings for Yield 
Sharplink Gaming (Nasdaq: SBET) has emerged as one […]

Sharplink Amasses Over 728,000 ETH With 1,300 ETH in Staking Rewards

Bitcoin is trading at a decisive point after recently setting new all-time 
highs, but momentum appears to be shifting. Despite briefly pushing past 
$120,000, BTC failed to sustain levels above its record, and the breakout 
above ATH remains unconfirmed. This lack of follow-through has fueled bearish 
speculation, with some analysts warning that the market could be facing 
increased downside risk in the short term. Related Reading: Memecoins Lose 
Ground In Market Share As Ethereum Absorbs Liquidity At the same time, on- 
chain data paints a more constructive picture for long-term stability. 
According to the latest insights, the Long-Term Holder (LTH) cohort—those 
holding Bitcoin between six months and two years—has significantly increased 
its supply. Since April, when BTC was trading at $83,000, their holdings have 
grown from 3.551 million BTC to 5.191 million BTC, a remarkable increase of 
1.64 million BTC. This accumulation suggests strong conviction among seasoned 
investors, even as short-term volatility challenges the market. While traders 
focus on whether Bitcoin can reclaim $120,000 and establish a firm breakout, 
the ongoing buildup by long-term holders reinforces the broader bullish 
structure. The clash between short-term weakness and long-term strength will 
likely define Bitcoin’s next major move. Bitcoin Long-Term Holders Signal 
Strength According to top analyst Axel Adler, Bitcoin’s latest test of the 
all-time high at $118,000 showed a very different behavior compared to past 
cycles. During this move, long-term holders (LTHs) who have been holding coins 
between six months and two years engaged in some profit-taking. Data reveals 
their seven-day average spending climbed to 20,000 BTC. However, this level is 
far below the typical distribution spikes of previous cycles, where spending 
often surged to between 40,000 and 70,000 BTC. This more moderate selling 
activity suggests that the conviction among long-term holders remains strong. 
Rather than aggressively taking profits, many are choosing to continue 
accumulating or simply holding their positions. Adler highlights that 
accumulation still outweighs distribution, reflecting confidence in the 
market’s future direction. Such behavior from experienced participants 
typically signals a healthier, more sustainable bull phase, where selling 
pressure is absorbed without disrupting the broader uptrend. Despite this 
encouraging backdrop, Bitcoin faces a crucial technical test. To confirm the 
strength of the latest move, BTC needs to decisively push above the $125,000 
level. A breakout beyond this resistance would likely validate the resilience 
shown by long-term holders and open the path toward further price discovery. 
If bulls succeed, the combination of institutional demand, long-term 
accumulation, and reduced selling pressure could drive the next major rally. 
Conversely, failure to reclaim $125,000 in the near term might give bears room 
to test lower levels before the next leg up. Related Reading: Bitcoin STH 
SOPR-7d Signals Healthy Demand: Market Absorbs Selling Pressure Testing 
Support After ATH Rejection Bitcoin’s 4-hour chart shows price retreating 
after a sharp rejection near $123,200, just below the recent all-time high at 
$124,000. Following this failed breakout attempt, BTC has slipped back toward 
$117,300, where it is currently holding above the key confluence of the 100 
and 200 moving averages. This zone between $116,900 and $117,600 is acting as 
immediate support. A decisive breakdown here could expose further downside 
toward $115,000. However, the moving averages continue to slope upward, 
reflecting an underlying bullish structure despite the short-term weakness. 
Related Reading: TRON Long-Term Holders See Massive Gains As TRX Pushes Toward 
Multi-Year Highs The repeated rejection at $123,000–$124,000 highlights the 
importance of this resistance. Bulls will need to reclaim this zone with 
conviction to confirm momentum and extend the uptrend toward higher levels. 
Until then, the market remains in a consolidation phase, with traders closely 
watching if support at the $117K region holds. Featured image from Dall-E, 
chart from TradingView

Bitcoin Data Shows Accumulation Prevails As LTH Selling Pressure Eases

Gemini, the Winklevoss-founded crypto exchange and custodian, has filed to 
list on Nasdaq under ticker GEMI, revealing steepening losses ahead of its 
IPO.

Winklevoss’ Gemini files for Nasdaq listing after strong Bullish debut

Hive Digital Technologies reported its strongest quarterly performance to date 
for the first quarter of fiscal year 2026, ending June 30, with $40.8 million 
in digital currency mining revenue. Digital Currency Mining Revenue Surges 
Bitcoin miner Hive Digital Technologies (Nasdaq: HIVE) has posted its 
“strongest” quarterly performance to date, driven by surging bitcoin ( BTC) 
[…]

Hive Posts $45.6M in Total Revenue, Fueled by Bitcoin Mining Boom

The outflow day for spot Ether ETFs comes just after Ether narrowly missed 
reclaiming its 2021 all-time high.

Cryptocurrency price in INR