The company continues to accumulate BTC through corporate equity and debt offerings, but class action lawsuits against Strategy are mounting.

Strategy expands STRC offering twice in two weeks

Bitcoin (BTC) is facing renewed downward pressure as it struggles to maintain 
levels above $115,000. At the time of writing, the cryptocurrency is trading 
around $115,745, down approximately 2.2% in the past 24 hours and nearly 6% 
below its July all-time high of $123,000. The latest market movement has 
raised questions about short-term price stability, particularly amid growing 
concerns over weak structural support in the current trading zone. Recent data 
from on-chain analytics platform CryptoQuant suggests that while long-term 
holders remain largely profitable, short-term sentiment has shifted. Related 
Reading: Bitcoin’s Next Big Move? Cooling Futures Market Hints at Possible 
Breakout Bitcoin UTXO Data Points to Changing Investor Behavior Activity among 
Bitcoin Unspent Transaction Outputs (UTXOs), a metric that tracks coins being 
spent either in profit or at a loss, indicates that many investors are 
beginning to react to smaller price drops, potentially signaling increased 
market uncertainty. In a recent analysis on CryptoQuant’s QuickTake platform, 
contributor Darkfost shared insights on how UTXO activity can reflect broader 
market sentiment. “This chart, based on UTXOs from block data, highlights the 
number of UTXOs spent either in profit or in loss,” the analyst wrote, noting 
that this approach focuses on transaction count rather than value, helping 
filter out price-based noise. Historically, Bitcoin has seen a dominance of 
UTXOs spent in profit, with patient holders benefiting from long-term 
appreciation. Between July 11 and 13, the ratio of profitable UTXOs compared 
to those spent at a loss surged above 10,000, meaning for every loss-making 
spend, there were over ten thousand profitable ones. However, this ratio has 
since declined to around 500, suggesting that some investors are now closing 
positions at a loss even with minor price retracements. This change, according 
to Darkfost, may indicate short-term selling pressure despite the overall 
profitable status of most holders. Weak Support Structure Adds to Downside 
Risk Another CryptoQuant analyst, Maartunn, highlighted structural weaknesses 
in Bitcoin’s recent price surge. On July 10, BTC rapidly climbed from $112,000 
to $115,800, but this upward move left little on-chain support in the price 
range. Bitcoin Teleported from $112 to $115.8K – But There&#8217;s Thin Air Below 
“From a technical point of view, there’s no past resistance or consolidation 
that could now act as support. If this final support area breaks, price could 
move down quickly.” – By @JA_Maartun pic.twitter.com/a3hQoANfDc — 
CryptoQuant.com (@cryptoquant_com) August 1, 2025 “The move happened so 
quickly that no support levels were formed,” the analyst explained. “If 
momentum drops or sellers step in, the price could fall just as fast as it 
rose.” Related Reading: Bitcoin’s Calm Before the Storm? Binance Data Points 
to Big Shift Ahead With Bitcoin now hovering just above its last known on- 
chain support zone, analysts caution that a failure to hold this level could 
accelerate the decline. Featured image created with DALL-E, Chart from 
TradingView

Bitcoin’s $115K Struggle: Is a Deeper Drop on the Horizon?

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The U.S. Securities and Exchange Commission’s (SEC’s) Crypto Task Force will 
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SEC Crypto Task Force to Tour the US

Data shows the cryptocurrency derivatives market has seen more than $700 
million in long liquidations as Bitcoin and altcoins have plummeted. Bitcoin 
Price Just Made A Low Under $115,000 Bitcoin and the wider cryptocurrency 
market has witnessed a wave of bearish momentum during the past day as prices 
across the coins have declined. BTC went into the low $114,000 levels earlier 
in the day, but the coin has since bounced back above $115,000. Related 
Reading: Altcoin Season Here? 6 Key Metrics Show Market Shift The below chart 
shows how the asset&#8217;s recent performance has looked. Last week, BTC also 
dropped toward the $115,000 mark, but back then, it was able to quickly bounce 
back to resume sideways movement around $118,000. As such, it only remains to 
be seen whether the current deviation is a temporary one as well or if it&#8217;s 
the start of a real break away from the consolidation range. Most of the 
altcoins have taken a worse hit than the number one cryptocurrency during the 
past day, with some like Solana (SOL) and Hyperliquid (HYPE) exceeding losses 
of 5%. Crypto Derivatives Market Has Racked Up Large Liquidations A 
consequence of the market-wide volatility has been that liquidations have 
piled up over at the derivatives side of the cryptocurrency sector, according 
to data from CoinGlass. Below is a table that shows the numbers related to the 
latest market liquidations. As is visible above, a total of $804 million in 
cryptocurrency contracts have found liquidation during the past day. Out of 
these, $741 million of the contracts, equivalent to 92% of the total, were 
longs. Ethereum (ETH) led the derivatives flush with $250 million in 
liquidations, Bitcoin followed at $200 million. ETH topping the sector in this 
metric over BTC is likely a combination of two factors: its price has seen a 
steeper decline in the last 24 hours and speculative interest around it has 
been elevated due to the earlier breakout. Signs were already there that a 
volatile liquidation event may be coming. As this chart shared by CryptoQuant 
community analyst Maartunn on Wednesday shows, the Bitcoin Aggregated Open 
Interest was sharply climbing. The &#8220;Aggregated Open Interest&#8221; here naturally 
refers to an indicator that keeps track of the total amount of derivatives 
positions related to BTC that are open on all centralized exchanges. Related 
Reading: PENGU Down 11%, But These TA Signals Could Point To Rebound The 
speculators haven&#8217;t been dissuaded by the latest liquidations, either, as 
Maartunn has today pointed out a sharp jump in the Bitcoin Open Interest on 
cryptocurrency exchange ByBit. Featured image from Dall-E, CoinGlass.com, 
charts from TradingView.com

Bitcoin Plunge Below $115,000 Wipes Out $700M In Crypto Longs

Bitcoin ETFs saw $812 million in outflows, led by Fidelity and ARK, while 
Ether ETFs ended their longest inflow streak with $152 million in losses.