a summary of today's top Bitcoin news, July 8, 2025:
1. Institutional dominance and accumulation:
BlackRock surpasses 700,000 BTC in its ETF: BlackRock's iShares Bitcoin Trust (IBIT) has surpassed the mark of 700,000 Bitcoins, valued at approximately $75.5 billion. This demonstrates a continued influx of institutional capital into Bitcoin, with IBIT representing more than 55% of the total BTC in U.S. spot Bitcoin ETFs.
Institutional accumulation exceeds miner supply: U.S. Bitcoin ETFs and Michael Saylor's Strategy firm (the largest corporate holder of Bitcoin) have collectively purchased more Bitcoin than the new supply generated by miners in nearly every month of 2025, suggesting strong demand and potential scarcity.
2. Price analysis and predictions:
Bitcoin trades around $108,000 USD: The price of Bitcoin remains near $108,000 USD, with minimal fluctuations in the last 24 hours.
Analysis suggests Bitcoin is "undervalued": An analysis of the "Bitcoin Mayer Multiple" indicates that the current price of Bitcoin, around $108,000 USD, is less "overheated" than in previous bull market peaks, and a consensus is forming about a potential "blow-off top" for October.
3. Other relevant news:
"Systemic threat" to Bitcoin: A financial analysis company, Breed, has analyzed the risk of entities borrowing to increase their Bitcoin holdings, which could pose a "systemic threat".
Entry of Bitcoin into corporate treasuries: It was reported that 3,000 Bitcoins entered corporate treasuries today, indicating a growing adoption of Bitcoin by companies
