[Evening News Briefing] Last week, 3 trillion won flowed into BTC spot ETFs… Strong buying trend confirmed

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Last Week, BTC Spot ETF Saw 3 Trillion Won Net Inflow

According to Soso Value, a total of $2.22 billion (3 trillion won) was net inflow into the US Bitcoin spot ETF last week. During the same period, the Ethereum spot ETF saw a net inflow of $283 million (383.8 billion won).

Metaplanet Purchases 1,005 BTC

Japanese listed company Metaplanet, which has incorporated Bitcoin as its primary asset, announced via X that it has additionally purchased 1,005 BTC ($108 million). Consequently, Metaplanet's total BTC holdings have increased to 13,350 BTC.

Cantor Fitzgerald Provides BTC Collateral Loan to Wintermute

According to CoinDesk, US investment bank Cantor Fitzgerald is providing a Bitcoin-backed loan to Wintermute, a cryptocurrency market-making company based in London. Cantor had previously announced the launch of a $2 billion BTC collateral loan program at the end of last month. The loan limit for Wintermute has not been disclosed.

Strategy Transfers $796 Million BTC to New Wallets

LookOnChain reported that Strategy transferred 7,383 BTC ($796 million) to three new wallets 11 hours ago. This appears to be a measure to enhance security or improve custody strategy.

300,000,000 USDC Transferred... OKX → Anonymous

According to Whale Alert, 300,000,000 USDC was transferred from the OKX address to an anonymous address. The amount is worth $300 million.

300,000,000 USDC Transferred... OKX → Anonymous

According to Whale Alert, 300,000,000 USDC was transferred from the OKX address to an anonymous address. The amount is worth $300 million.

Analysis: "BTC Supply Exceeds Demand... Caution on Short-Term Downward Pressure"

Cryptocurrency analyst Crazzyblockk reported that the 30-day Simple Moving Average (SMA) of Apparent Demand, comparing new supply (mining volume) with BTC held inactive for over a year, has recently turned negative again. Crazzyblockk analyzed, "This indicator turning negative means that the supply from long-term holders and miners is greater than the funds flowing into the market. If the supply-demand balance is disrupted, it could exert downward pressure on Bitcoin prices in the short term."

Analysis: "BTC Neither Overbought nor Oversold... Room for Upside Remains"

An analysis suggests that Bitcoin is currently trading in a neutral zone, neither overbought nor oversold. Crypto Quant analyst Axel Adler Jr. explained, "The Realized Supply Distribution ratio of BTC is slightly higher than the annual average, similar to November 2024. At that time, the price rose from $74,000 to $107,000."

Volts Capital Adds 40 BTC

UK-listed company Volts Capital disclosed the additional purchase of 40 BTC, worth approximately $4.43 million. Currently, Volts Capital holds a total of 50 BTC.

The Blockchain Group Adds 60 BTC

French company The Blockchain Group announced via its official X that it has purchased 60 BTC, worth approximately $6.45 million (5.5 million euros). As a result, The Blockchain Group's total BTC holdings have increased to 1,788.

BNB Smart Chain Completes Maxwell Upgrade

According to CoinTelegraph, the BNB Smart Chain (BSC) has completed the Maxwell upgrade. As a result, the average block generation time on the network has been reduced from 1.5 seconds to 0.8 seconds. Additionally, network scalability has improved, and validator synchronization functionality has been enhanced.

Filiquid Launches FIG Staking on BSC

Filiquid, a Filecoin (FIL) based DeFi platform, announced the launch of FIG staking on the BNB Smart Chain (BSC). Filiquid explained, "This expands FIG liquidity, previously limited to the Filecoin network, to cross-chain. FIG staking will provide APR in the hundreds of percent in the initial launch and distribute a total of 20 million FIG rewards over 3 years."

Byprosoft Partners with Japanese AI Investment Firm

Multichain middleware platform Byprosoft (BFC) announced via its official blog a partnership with AI Fusion Capital, a Japan-based AI specialized investment company. As a result, Fusion Capital will operate Byprosoft validators.

Bithumb Temporarily Suspends DYDX Deposits and Withdrawals

Bithumb announced on its official website that DYDX network (mainnet) upgrade support will temporarily suspend DYDX deposits and withdrawals from 10 AM on July 2nd.

Bithumb Designates LEVER as Trading Caution Stock

Bithumb announced on its official website the designation of Lever (LEVER) as a trading caution stock.

Long-Short Ratio of BTC Perpetual Futures at 3 Major Exchanges

Based on open interest, the recent 24-hour BTC perpetual futures long-short position ratios at the world's top 3 cryptocurrency futures exchanges are as follows:

Overall Exchanges: Long 50.88% / Short 49.12%

1. Binance: Long 51.45% / Short 48.55%

2. Bybit: Long 50.27% / Short 49.73%

3. Gate.io: Long 51.11% / Short 48.89%

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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