2025-07-16 Wednesday Blockchain Daily

1. Bitcoin's market share continues to decline, having dropped 3.42% in 18 days from the end of June to now. Ethereum (ETH) has shown significantly stronger performance than Bitcoin and is challenging new highs.

2. Bitcoin's technical chart has displayed three bullish patterns: inverse head and shoulders, cup and handle, and bull flag, with a target price of 160,000.

3. The current MVRV-Z indicator score has not exceeded 4, remaining far below historical highs. This suggests that the market has not entered a bubble phase and still has room for upward movement.

4. An increasing number of tech companies are allocating ETH as asset reserves: BeMine has purchased 163,000 ETH (valued at $480M), Shopping Gaming holds 280,000 ETH (valued at $840M), and plans to participate in POS staking.

5. The CEO of Polymarket was mistakenly arrested by the FBI but has since cleared his name. Due to predictions for the 2023 elections, the Polymarket CEO was subjected to an FBI raid where all equipment was confiscated.

In order to be successful, you have to make sure being rejected does not bother you.

"To achieve success, you must ensure that being rejected does not trouble you."

Success is often built on multiple rejections, and the key is to persevere and not be discouraged.