Bitcoin climbed back toward $65,000 after softer U.S. inflation data reduced expectations for additional Federal Reserve tightening, but on-chain data suggests the rally is running into heavy overhead supply. Glassnode said long-term holders and short-term holders are both selling at the same time, creating an unusual two-sided source of market pressure. According to the firm, many long-term holders who bought near last year’s highs are using the rebound to cut losses and exit positions as realized losses increase when BTC approaches the mid-$60,000 range. Short-term holders, by contrast, are taking profits after buying closer to recent lows. Glassnode said short-term holders are now realizing more than $4 million in profit per day, a level of selling pressure comparable to what the market saw in May, when Bitcoin rallied above its 200-day moving average near $82,000 and met similar profit-taking. Market participants quoted in the report also urged caution on the macro backdrop. Bitget chief analyst Ryan Lee said June’s CPI slowdown was heavily influenced by a roughly 10% drop in oil prices that had already reversed before the report was released. Wintermute OTC trader Jasper De Maere added that one weak CPI print is not enough to signal a lasting shift in risk appetite, especially with U.S. military action against Iran entering a fourth straight day and the Fear & Greed Index still in extreme fear territory at 25.

Bitget has rolled out what it calls the industry’s first cross-asset Unified Trading Account, or UTA, bringing more than 370 assets into a single margin pool. The lineup includes 100 tokenized U.S. stocks, referred to as rToken, which can now serve more than one function inside the platform. Under the structure, users holding rToken assets can not only receive stock dividends tied to those positions, but also use the same assets as margin and as collateral for borrowing. Bitget said the setup is designed to improve capital efficiency by letting users deploy one pool of assets across multiple trading and financing functions. The first batch of tokenized U.S. stock assets added to the margin system includes 100 mainstream names such as Apple (rAAPL), Nvidia (rNVDA), and Tesla (rTSLA). The exchange said haircut rates are assigned by asset tier, with the maximum reaching 95%. Bitget added that it plans to expand the list of assets eligible for margin use and leveraged trading as the product is updated, aiming to connect liquidity between traditional financial assets and crypto trading scenarios.

Tracking AI’s latest offline IQ benchmark put several GPT-5.6 variants at 136, making it the first large language model family to move past the 130-point threshold on that specific test set. In the article, 130 is described as the point commonly associated with the lower edge of the “genius” range in human IQ distribution, a band reached by roughly 1% of people. The report says the result came not from a public Mensa-style test that models may already know, but from Tracking AI’s own offline, non-public question bank built to reduce answer leakage and memorization effects. Claude-5 Fable is listed at 130, while models such as GPT-5.6 LUNA Max and Claude-4.8 Opus are said to fall in the 117 to 123 range. The piece also cites developer anecdotes involving physics simulation, a RAG-based customer support ticketing system, and bug fixing, arguing that GPT-5.6 is showing strength both on standardized reasoning tasks and in practical work. At the same time, it notes that IQ tests capture only a slice of intelligence and do not measure factual reliability, tool use, or real-world job performance on their own.

CryptoQuant analyst Crazzyblockk said Bitcoin leverage deployed on exchanges has climbed into the most stretched 5% of historical readings, with open interest far outpacing the stablecoin reserves available to absorb selling. The warning comes as BTC has fallen from roughly $126,000 reached in October last year to around $60,000-$64,000, while leverage has not contracted in step with price. The report ties that leverage buildup to weak spot-market support. Crazzyblockk’s “Exchange BTC Leverage Pulse,” which compares exchange open interest with exchange stablecoin reserves, recently broke above its historical upper risk band and remained well above average at the time of publication. He argued that the latest rebound has been driven more by borrowed margin than by fresh spot demand. The article also points to record outflows from U.S. spot Bitcoin ETFs in June 2026, when monthly net redemptions hit $4.51 billion, and to a broader disconnect between recovering derivatives activity and still-thin spot liquidity. With the Federal Reserve’s July 28-29 meeting seen as the next major near-term catalyst, the piece says the market may still face another forced deleveraging before any durable bottom is established.

PPP, a prediction-market tracking tool, said Polymarket has listed a new market asking when the United States and Iran will achieve a two-week ceasefire. Current odds on the listed dates were 5% for July 18, 15% for July 24, 23% for July 31, 43% for Aug. 14, and 54% for Aug. 31. The market’s resolution rules focus on whether the United States carries out any qualifying military action directly against Iran between the market’s creation and the specified end date at 11:59 p.m. If no such action occurs during that window, the market resolves to “Yes”; otherwise, it resolves to “No.” The rules define the 14-day period from the calendar date, in Eastern Time, of the most recent qualifying military action, and say the period runs through 12 p.m. Eastern Time on the 14th day. They also spell out which actions count, including direct U.S. airstrikes and surface-to-surface missile attacks on Iran, and which do not, such as intercepted munitions, cyber operations, ground incursions, naval gunfire, artillery fire, and unexecuted threats or authorizations to use force.

CryptoQuant analyst Axel Adler Jr. said Bitcoin’s market structure has shifted from bearish to bullish and has held that posture for a second straight week. In his latest post, a composite model built from multiple market data points showed Bitcoin’s status score rebounding to +34.7 from a low of -42.9 on June 26. Over the past week, the score stayed in positive territory more than 80% of the time and hit a local high of +65.3 on July 10, pointing to a move away from seller control toward stronger buyer conditions. The model’s internal alignment also improved, with 79.4% of sub-indicators now signaling in the same direction, well above this month’s 57.3% average. Adler said that reduces contradictions across the data set and suggests the current bullish reading is not noise. He added that a further rise in the market-structure score above +50, with alignment holding above 80%, would strengthen confirmation of the bullish regime. If the score remains below zero and alignment drops under 40%, the current setup would be treated as invalid.

Bitcoin was quoted at $63,990.1 against USDT, with a 24-hour decline of 0.89%, according to market data from Gate cited by ChainCatcher. The update was published as a brief market item and only reported the latest quoted price and daily percentage move for the BTC/USDT pair. No additional market context, drivers, or trading details were provided in the source item. The source link points to ChainCatcher’s newsflash page for this update.

BlockBeats reported on July 16 that Bithumb, the second-largest cryptocurrency exchange in South Korea, will delist five tokens on Aug. 18, 2026. The tokens named in the notice are Gracie (GRACY), Tottenham Hotspur (SPURS), GTX (ZTX), With (WIKEN), and StepApp (FITFI). No further details were provided in the brief update. The announcement identifies the exchange and the scheduled delisting date, along with the full list of affected assets.