Bitcoin is going through a notable ownership reshuffle. According to the report, continued ETF outflows are pushing a large share of positions into unrealized losses, while long-term holders and smaller wallets have begun net accumulating and absorbing the sell pressure. This creates a market structure in which institutional money appears to be reducing exposure as patient on-chain capital steps in. The setup resembles an early bottoming pattern, but confirmation still depends on two factors: whether the pace of selling slows meaningfully, and whether the ongoing accumulation by older wallets and smaller addresses remains persistent. In other words, the shift is not only about price action, but also about who holds the supply and with what time horizon.

Bitcoin is going through a notable ownership reshuffle. Continued ETF outflows have pushed part of the institutional cohort into unrealized losses and added visible sell pressure to the market. At the same time, long-term holders and smaller wallets are turning into net buyers, absorbing supply released by Wall Street-linked capital. This creates a mixed market structure: traditional institutions are reducing exposure, while more patient on-chain participants are stepping in. The current setup shows early bottoming characteristics, but confirmation still depends on two factors: whether ETF-driven selling starts to slow, and whether accumulation by long-term and smaller holders remains persistent. In essence, the market is not just moving lower; it is transferring coins from shorter-term, flow-sensitive owners to investors with longer holding horizons.

According to The DeFi Report’s Q2 Ethereum ecosystem performance report, Ethereum generated $88.4 million in real economic value (REV) during the second quarter, up 7% quarter over quarter but still down 68% from a year earlier. Average real onchain yield fell to just 0.17%, down 14% QoQ and 61% YoY. Including issuance, total onchain yield reached 2.68%, but 94% of that came from issuance, while priority fees and MEV contributed only 0.17%. The report also noted continued weakness in L1 GDP, DeFi activity, and L2 participation. While user experience and throughput improved, Ethereum L1 still showed limited fee-capture power. The report argues that more real-world use cases, including RWA-related settlement demand, may be needed to smooth cyclical volatility and strengthen Ethereum’s role as a settlement layer.

AI finance platform GAIB has announced an expansion of its compute financing business while disclosing key operating figures from its existing yield products. According to the company, its AID and sAID products have paid out more than $750,000 in cumulative interest, suggesting growing activity around financing structures backed by AI compute cash flows. GAIB also said it has facilitated GPU transactions worth several million dollars, underscoring its role in connecting compute demand with capital. The platform further revealed plans to launch an on-chain equity product called GAIB Select in July. This marks a step beyond pure financing and income distribution, extending the platform’s product stack toward equity exposure tied to the AI economy. GAIB describes itself as a yield layer for the AI economy, with products supported by real compute-generated cash flow. In terms of business structure, the company said it operates across three layers: credit, compute operations, and equity. Its stated goal is to connect AI operators, capital providers, and blockchain networks while lowering the barrier for ordinary investors seeking access to private AI equity opportunities. The announcement highlights a broader push to package AI infrastructure exposure into blockchain-native financial products.

According to The DeFi Report’s Q2 Ethereum ecosystem performance review, Ethereum generated $88.4 million in real economic value (REV) during the second quarter, up 7% quarter over quarter but still down 68% from a year earlier. The report also shows that average real on-chain yield fell to just 0.17%, down 14% from the previous quarter and 61% year over year. Including issuance, total on-chain yield reached 2.68%, but 94% of that came from issuance, while priority fees and MEV together contributed only 0.17%. The report further notes that L1 GDP, DeFi activity, and L2 participation all continued to weaken meaningfully. Although user experience and throughput improved, Ethereum L1 still struggled to convert network usage into meaningful fee capture. The report argues that more real-world applications, particularly RWA-related settlement demand, may be needed to stabilize Ethereum’s revenue base across market cycles.

Bitcoin is going through a visible ownership reshuffle. Continued ETF outflows have pushed part of the institutional positioning into unrealized losses, increasing selling pressure from Wall Street-linked capital. At the same time, long-term holders and smaller wallets are reported to be net buyers, absorbing supply that institutions are releasing into the market. This creates a split market structure: institutional distribution on one side and patient on-chain accumulation on the other. The setup carries early bottoming characteristics, but confirmation still depends on whether selling pressure begins to slow and whether accumulation by long-term and smaller holders remains persistent. In short, the current phase is less about a simple price move and more about a transfer of BTC ownership from fast money to conviction capital.

According to data cited by BTCtreasuries, public companies have net purchased 166,984 BTC so far this year, while only 81,153 BTC have been mined year to date. That puts corporate net buying at roughly twice the amount of newly issued supply over the same period. Based on the disclosed figures, public companies have been acquiring an average of 912 BTC per day. The data highlights how listed firms continue to absorb circulating BTC at a pace that exceeds new issuance, reinforcing the growing role of corporate balance-sheet demand in the market’s supply structure. As reported by ChainCatcher, the figures underscore the significance of institutional and treasury-driven accumulation in current BTC flow dynamics.

According to The DeFi Report’s Ethereum ecosystem performance review for the second quarter, Ethereum generated $88.4 million in real economic value (REV) in Q2, up 7% quarter over quarter but down 68% year over year. The report shows that average real on-chain yield fell to just 0.17%, down 14% from the previous quarter and 61% from a year earlier. Total on-chain yield, including issuance, came in at 2.68%, but 94% of that figure was driven by issuance, while priority fees and MEV contributed only 0.17%. The report also noted that L1 GDP, DeFi activity, and L2 participation all continued to weaken materially. While user experience and throughput improved, Ethereum L1 still showed limited fee capture ability. The report argues that future resilience may depend on practical settlement-layer use cases such as RWA, which could help smooth cyclical volatility and improve the quality of fee generation.