Arkham's latest report reveals the top Bitcoin holders: Satoshi Nakamoto with 1.096M BTC leads; Binance cold wallet tops personal wallets with 250k BTC; Coinbase (993k), BlackRock (761k), and Binance (661k) lead institutional rankings. The US government holds 328k BTC.
The US nonfarm payrolls came in weaker than expected for June, alleviating fears of further rate hikes. Capital is rotating from AI sectors into Bitcoin and gold. Bitcoin holds support at $61K, with bulls likely testing $70K if macro conditions remain favorable.
On July 3, weaker-than-expected US employment data alleviated market concerns about further rate hikes, prompting capital rotation from the AI sector into Bitcoin and gold. BTC stabilized above $61K, with bulls eyeing a potential run at $70K.
After the US stock market opened, the crypto market accelerated its decline. Bitcoin fell below $61,000 and Ethereum briefly dipped under $1,600. According to Coinglass, liquidations hit $160 million in the past hour, with long positions accounting for $156 million. Over 24 hours, $1.238 billion was liquidated, affecting 260,647 traders. The largest single liquidation occurred on Binance's BTCUSDT pair, valued at $13.32 million.
Renowned analyst PlanB predicts a more than 50% chance of Bitcoin dropping below $61,000 and even $53,000; KOLs Qinjiu Pike and 0xPickleCati also issue bearish warnings.
PlanB says BTC has a >50% chance of dropping below $61K and $53K; KOL GinPic sees a new downtrend with a bottom target of $42K–$44K; top Binance trader 0xPickleCati warns against guessing the bottom in a bear market.
Analyst PlanB assigns a greater than 50% probability to Bitcoin dropping below $61,000, with similar odds for a sub-$53,000 move. Crypto KOLs Jinjiu Pike and 0xPickleCati also turn bearish, targeting a bottom of $42-44K.
Renowned analyst PlanB says the probability of Bitcoin dropping below $61,000 exceeds 50%, with a further decline to $53,000 equally likely. Technical indicators from KOL QinJiuPiKe and Binance trader 0xPickleCati echo the bearish sentiment, pointing to a continuation of the bear-market downtrend.
