Bitcoin is moving closer to the lower support line of a power-law model built from its full price history, according to CoinDesk, citing Fidelity Global Macro Director Jurien Timmer. He said that long-term support currently sits around $58,000, while Bitcoin is trading near $62,700, putting it close to what the model describes as an accumulation zone. Timmer did not say the market has already bottomed. Instead, he said Bitcoin may not rebound sharply in the near term and could spend several months fluctuating near that long-term support line. He also described a rotation in flows, saying short-term money had already exited and that capital moved from Bitcoin into gold, then from gold into semiconductor stocks. For now, he said, the market’s attention remains focused mainly on semiconductors.

A new analysis cited by TechFlowPost argues that Ethereum’s claim to be a global “world computer” is undercut by where its validators actually run. Looking at the full validator set, the United States accounts for 38.19% and Germany 13.04%, putting more than half of the network in just two countries. The study also links Finland and Canada’s presence in the top ranks to cloud infrastructure from Hetzner and OVH, while U.S. home broadband providers such as Comcast, Verizon, and Spectrum together point to more than 10% of validators running from residential connections. The picture changes when only professionally operated validators are counted. The U.S. share falls to 25.81%, while Singapore, Hong Kong, Japan, and South Korea together reach about 24.7%, suggesting a more balanced institutional footprint. The report says firms place nodes in Asia not only for compliance with local jurisdiction requirements, but also to cut latency for regional users. It also warns that Ethereum’s P2P propagation design may structurally disadvantage low-density regions such as the Middle East, South America, and Africa. In that view, sparse local node clusters can lead to slower message delivery, weaker peer scores, and a greater chance of missing proposal or attestation deadlines. At the same time, the report frames those underrepresented regions as a business opening for local staking infrastructure.

Bitcoin fell more than 1% from 00:00 UTC on July 13 and briefly pulled back to around $63,000 after weekend airstrikes between the U.S. and Iran pushed investors toward safer assets, according to BlockBeats. At the same time, Brent crude futures rose more than 3% to near $79 a barrel, as traders weighed the risk that disruption to shipping through the Strait of Hormuz could lift energy prices and inflation. That combination could reduce room for Federal Reserve rate cuts and add pressure to risk assets including cryptocurrencies. Taran Dhillon, head of digital assets at Kula, said the crypto market this week will face a tug-of-war between macroeconomic data and geopolitical developments in the Middle East, with upcoming U.S. CPI and PPI releases likely to shape expectations for the Fed’s rate path. Even so, spot Bitcoin ETFs and spot Ethereum ETFs have ended an eight-week stretch of net outflows, a sign that institutional demand has improved. The continued progress of the CLARITY Act is also seen as supportive for digital-asset regulatory expectations.

A court hearing in the Qian Zhimin case involving 60,000 BTC was held from July 7 to July 9, 2026, and the next phase is expected to shift toward evidence review and asset tracing, according to Odaily, citing Caixin. The report said the case is likely to gradually enter the evidence and merits stage after October this year. The court is expected to focus on five issues: how RMB investment funds entered Lantian Geri and related accounts; how the funds were pooled, transferred, and exchanged; which funds can be demonstrably linked to the Bitcoin seized in the UK; the losses, repayments, and prior compensation of each claimant; and the exact property relationship among individual investors, Lantian Geri, and the Bitcoin involved in the case. According to the analysis cited by Caixin, after disputes over the applicable law were addressed and the judge made a ruling in July, the case will gradually move away from the question of which legal framework applies and toward whether the evidence can substantiate the claimed rights.