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Missed the bus with only $66.7M...                                                                                                      #crypto #bitcoin #btc112k #BTC 

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User Accidentally Erases 10 Million PUMP Tokens: A $75,000 Blunder Just a day after the token launchpad's ICO, a user mistakenly deleted 10 million PUMP tokens, equating to a $75,000 loss, according to blockchain analytics resource, Lookonchain. The tokens were removed while the user conducted a routine operation in their wallet and were sent to an incorrect address, effectively burning the tokens beyond recovery. This mishap underlines the importance of double-checking addresses when dealing with cryptocurrencies. The Solana-based meme coin launchpad's ICO sold $500 million worth of PUMP, each valued at $0.0040, in 12 minutes. Some discrepancies arose post-sale, and the initial statement didn't align with the final result, causing some controversy. The platform had also faced other hurdles before proceeding with the official ICO.

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Grayscale Considers Going Public with Secretive SEC Submission In the midst of the booming cryptocurrency bull market, many industry companies are planning to go public in the U.S. The latest company to consider this route is Grayscale Investments, which recently submitted a confidential draft registration statement on Form S-1 to the SEC in preparation for public trading. The specific number of shares and the proposed price range have not yet been determined and the registration will only proceed after the SEC finishes its review process. If the SEC approves this registration, Grayscale will join Coinbase and Circle, which have already gone public. This move comes amidst an upswing in the crypto market, with Bitcoin's price reaching new highs.

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Could This be Bitcoin's 'Final Fling?' Record-Breaking High Achieved as Market Excitement Grows As the third week of July kicks off, Bitcoin has achieved a new record high, reaching $123,000 - a notable 13% increase from the past week. This, coupled with a significant influx of capital into Bitcoin ETFs, has sparked debate about the potential onset of market euphoria. However, on-chain metrics paint a more complex picture. Despite this surge, broader retail involvement is yet to come into full effect. The rHODL ratio, a measure of long-term holder behavior, currently stands at 32%, suggesting continued caution among retail investors. While the rally seems currently driven by institutional flows, early signs indicate a possible rise in retail-driven participation, potentially heralding a "last dance" market situation. The lack of panic selling and controlled profit-taking suggest a favorable environment for the bullish trend to continue.

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Is Bitcoin Preparing for a $130K Rally or Nearing Its Peak? An In-depth Price Analysis Bitcoin has once again entered price discovery, trading just under $122,000. After months of consolidation and multiple unsuccessful breakout attempts, the bulls seem to have regained control. The cryptocurrency's recent breakout from its previous all-time high of $112,000 was marked by significant momentum, leading to speculation about how much more it can climb. However, a possible retracement into the $114K–$117K range might be needed to stabilize the market. The four-hour chart reveals a clear breakout from recent ranges and significant price expansion, suggesting potential short-term exhaustion. Meanwhile, spikes in Bitcoin funding rates indicate a surge in long-side leverage following the breakout, which could make the market vulnerable to a flush. Though the sentiment remains bullish, it is slightly overheated, in line with current RSI readings and market structure.

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Saylor's Strategy Acquired an Additional 4,225 BTC Prior to Bitcoin's Price Surge: An Overview Michael Saylor's Bitcoin-focused venture, Strategy, has amassed another hefty acquisition of 4,225 BTC, costing $472.5 million. This move comes ahead of a significant surge in Bitcoin's value, leading to an impressive unrealized profit for the company of around $30 billion. Strategy has invested $42.87 billion to secure its current portfolio of 601,550 bitcoins, bought at an average price per unit of $71,268. The latest Bitcoin value ($121,500) places Strategy's total fortune at over $73 billion. The timing of the purchase suggests it was completed mid-last week when Bitcoin was valued at around $112,000. Saylor had previously hinted at this acquisition, which follows a surprising lack of purchases the previous week, given the company's history of regular acquisitions.

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