On Aug. 7, at block height 908992, a major whale finally stirred, moving a hefty 3,000 bitcoins—valued at more than $348 million—that had been sitting untouched since 2015. It was the first time these coins had budged in 9 years and 273 days. Mystery Whale Moves $348M in BTC as 30 Old Wallets Reactivate A
Bitcoin continued its strong rally on Aug. 7, 2025, pushing to a high of $116,848 amid strong trading volumes and improving sentiment. With a market capitalization of $2.32 trillion and 24-hour trading volume at $35.09 billion, bullish momentum appears to be building across multiple timeframes. Bitcoin On the daily chart, bitcoin has begun to show
While optimism remains high for Bitcoin to break new peaks, a new analysis suggests the top may already be in, and the journey to $1 million could be delayed. This outlook comes from a long-term Elliott Wave analysis by More Crypto Online. While he acknowledges that Bitcoin is on track to reach $1 million, the
Bloomberg’s ETF expert Eric Balchunas has commented on the widely discussed development as U.S. president Trump intends to sign an executive order that allows private equity, real estate and cryptocurrency to be held in private retirement accounts. While this seems like a major new milestone for Bitcoin adoption, Balchunas does not believe this opportunity will
In an unexpected development, Coinbase’s Wrapped Bitcoin (WBTC) has seen a staggering 6,887% surge in large transaction volume, sparking attention in the crypto community. On-chain data shows that whale activity involving Coinbase Wrapped Bitcoin has skyrocketed in the last 24 hours, indicating increased movement or interest in the asset. According to IntoTheBlock data, large transaction
A spike in upside liquidity suggests that Bitcoin (BTC) may be positioning for another short squeeze. Trading above $116,506 at the time of writing, Bitcoin faces nearly $18 billion in leveraged short positions, with the heatmap showing a liquidation zone near $120,000, according to CoinGlass data gathered on August 7. The chart below pinpoints the
During a recent appearance on CNBC’s “Squawk Box,” Galaxy CEO Mike Novogratz stated that the Bitcoin price will keep going up as long as government overspending remains a thing. “I think you’re going to continue to see Bitcoin appreciate as long as we have governments that can’t spend less than they take in revenue. And
Donald Trump made his key pro-crypto statements during the 2024 Nashville crypto conference. He notably said, “For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your Bitcoin.” He repeated this when signing the law that created the Strategic Bitcoin Reserve. In the past, the U.S. government
TL;DR With US interest rate cut odds in September jumping to almost 80%, markets may start pricing in bullish momentum early – potentially benefiting BTC throughout August. Some analysts believe the asset has yet to enter its “thrill” and “euphoria” phases, which can lead to a renewed price rally. Major Gains This Month? Bitcoin (BTC)