What changed
2026-07-31 06:33 UTC → 2026-07-31 18:32 UTC ·
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From late May through late July 2026, Bitcoin whale behavior continued to dominate on‑chain flows. After a period of strong accumulation reported on July 18—largest net inflow by the biggest 1,000‑BTC wallets since February 2024 and simultaneous outflows from the 100‑1,000‑BTC cohort—the pattern shifted again at month‑end. On The July 31 a whale moved transfer of more than 1,250 BTC (about (≈ $81 million) from Binance to private wallets, pushing wallets lifted Bitcoin to roughly $64,700, a about 1.1 % rise in 24 hours. Bitcoin’s market capitalisation stood and kept it trading near $1.8 trillion $64,700. Spot daily transaction volume fell to roughly 60,000 BTC – the lowest level since 2019 – while futures yields slipped below the total cryptocurrency market was valued at $2.294 trillion. Crypto‑market liquidations totalled $205 million, affecting over 76,000 investors; about 69 % of those liquidations were short positions, largely in Ethereum. Ethereum saw U.S. two‑year Treasury rate, prompting a sharp contraction of stablecoin risk‑off stance among institutions. Open interest stayed around $47 billion and liquidation pressure eased. Tether reported a Q2 net outflows on Binance—down 518 % week‑over‑week, 347 % month‑over‑month operating profit of $1.5 billion, but its reserve surplus contracted from $8.2 billion to $4.1 billion as Bitcoin‑backed assets fell from $6.6 billion to $5.8 billion and 728 % quarter‑over‑quarter. Staking gold holdings dropped to $18.8 billion. USDT users topped 650 million, and CEO Paolo Ardoino noted continued growth despite the reserve erosion. Ethereum’s staking participation rose modestly to 33.9 33.90 % and weekly its fee‑burning increased 48 % yet remained year‑over‑year, though it remains 54 % below its the 90‑day average. The Stablecoin net outflows on Binance continued their sharp decline (‑518 % weekly, ‑347 % monthly, ‑728 % quarterly) and the Coinbase premium for ETH slipped to –0.12, indicating weaker US spot demand. stayed at –0.12. The July data reinforce Federal Reserve left its policy rate unchanged at 3.5‑3.75 %, adding no immediate price impact. Together, these metrics underscore a volatile cycle of whale‑driven accumulation and distribution, with the looming U.S. accumulation, shrinking stable‑coin regulatory deadline adding regulatory uncertainty but limited immediate price impact. reserves and cautious market sentiment.