On the macro level, relevant leaders in Japan are discussing the urgency of establishing a national strategic Bitcoin reserve. Meanwhile, Japanese listed company Metaplanet announced it will repurchase approximately $837 million worth of Bitcoin through a new issuance of shares, demonstrating its firm stance on digital asset allocation.
Institutional funds are also accelerating their layout. According to the latest 13F filings, Goldman Sachs holds an Ethereum ETF valued at $721 million, becoming the largest holder; followed by Jane Street ($190 million) and Millennium ($186 million). Additionally, Onchain Lens has detected that, in the past 17 hours, four newly created wallets suspected to be related to Bitmine have withdrawn a total of 30,422 Ethereum from the FalconX platform, valued at approximately $140 million.
In terms of regulation, Unicoin announced it will submit a motion to the court requesting the dismissal of the SEC's lawsuit. The SEC had previously accused it in May of misleading players and illegally raising over $100 million, but Unicoin stated that the case has been misrepresented and that the company has maintained transparency and compliance from the beginning. CEO Alex Konanykhin described the lawsuit as a 'political performance.'
Yesterday, the U.S. spot Ethereum ETF saw a net inflow of 66,800 coins, valued at $307 million.
Yesterday, the U.S. spot Bitcoin ETF saw a net inflow of 729 coins, valued at $81.4 million.
On-chain data shows that the turnover rate slightly declined yesterday. Although prices have rebounded, the panic among short-term players has not completely dissipated, and the chips for bottom-fishing and cutting losses remain the main force in recent trades.
According to URPD data, the range of $100,500 - $107,000 has accumulated 1.55 million Bitcoins; the range of $93,500 - $98,500 has accumulated 1.538 million Bitcoins.
In summary, although Bitcoin has rebounded in the short term, the adjustment period may not yet be over. The height of this rebound is expected to be limited, and caution is still needed for a second pullback in the future. However, the support around $108,000 is relatively strong, and unless there is significant negative news, the possibility of this position being effectively broken is low.
