Outlook for Bitcoin

Bitcoin has not followed gold’s upward movement, ETF outflows continue, and market sentiment has hit rock bottom. However, on-chain valuations, behavior of long-term holders, and shifts in selling pressure suggest it may have entered a zone worthy of reconsidering for long-term allocation. Author: Will Clemente, Bitcoin on-chain analyst Translated by: Jiahuan, ChainCatcher I hope everyone had a pleasant summer. It’s been a while since I last wrote a lengthy piece on Bitcoin. In this article, I’d like to consolidate my current thoughts on this asset and share some ideas that have recently taken shape in my mind.

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Strategy continues to sell coins! Last week, it sold $110 million worth of Bitcoin and reduced its holdings of common stock by $650 million.

Strategy stated on Monday that during the seven days ended August 9, the company sold $108.6 million worth of Bitcoin, reduced its common stock holdings by 6.6 million shares, raising approximately $653 million in cash; meanwhile, the company repurchased $108.6 million worth of Stretch preferred shares. Strategy currently holds approximately $58 billion in Bitcoin and has $4.65 billion in cash reserves.

wallstreetcn51minutes ago

Microsoft Stock Rises 2%: Upcoming Maia 300 Chip Launch Targets Reduced Nvidia Reliance

Benzinga00:41

JPMorgan Lifts S&P 500 Target to 8,000: How High Can It Go by Year-End?

BenzingaAug 10 22:56

How To Trade SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, And TSLA

BenzingaAug 10 21:32

Are hyperscale cloud providers beginning to lead the market, and is a second wave of tech sector gains imminent?

Over the past month, the MAGS Index has significantly outperformed both the Nasdaq 100 Index and the Philadelphia Semiconductor Index. As AI-related capital expenditures approach the trillion-dollar mark, hyperscale cloud providers are sending positive signals through accelerating cloud revenue growth, growing order backlogs, and improving returns on AI investments. Meanwhile, hedge funds have substantially reduced their positions—net long exposure has fallen to the 25th percentile since 2018—and valuations have retreated, creating room for renewed capital inflows. Whether cloud vendors can continue to lead the market may become the key determinant of a second leg in the tech rally.

wallstreetcnAug 10 19:35