$BTC

Market Metrics and Institutional Activity

Sharp Rise in Bitcoin Price: The price of Bitcoin reached $112,152 on July 9, driven by inflows from exchange-traded funds (net $5.2 million added on July 10) and corporate purchases (CoinMarketCap). Short selling reached $529 million during this surge.

Dominance of Exchange-Traded Funds: BlackRock's iShares Bitcoin Trust holds 55% of Bitcoin reserves in U.S. exchange-traded funds, purchasing about 1,430 Bitcoins daily against a daily mining output of 450 Bitcoins (CoinMarketCap).

Corporate Movements: Japanese company Metaplanet increased its holdings to 10,000 Bitcoins ($947 million), while DDC Enterprise raised $528 million to expand its Bitcoin portfolio (CoinLive). 2. Regulatory and Macroeconomic Risks

Federal Reserve Disruptions: Senator Cynthia Lummis (a cryptocurrency advocate) called for Jerome Powell's resignation on July 10, citing the delayed interest rate hikes that "led to inflation" (CoinMarketCap).

Upcoming Legislation: The U.S. Congress will discuss the CLARITY Act (regulatory authority) and the GENIUS Act (stablecoin rules) during "Crypto Week" starting July 14.