Three key demand drivers stall at once, leaving Bitcoin’s $64,000 support to long-term holders

Bitcoin entered today (July 29) with three demand channels losing momentum near $64,000. Four consecutive US spot Bitcoin ETF sessions saw a combined $526.5 million in net outflows, while Glassnode reported weaker perpetual futures buying and stagnant broader on-chain capital inflows. Bitcoin traded near $64,200, leaving $64,000 as an immediate market test rather than a…

Fidelity Flags October and Bitcoin Bottom as ‘Yardstick’ Hits Historic Lows

“BTC’s Yardstick is hovering near historic lows, while several sentiment indicators are approaching capitulation territory,” stated Fidelity in its Q3 Signals Report on Tuesday. However, bitcoin is currently trading around 50% below its all-time high, which is still shallow compared to previous bear market bottoms. October Eyed as Key Cycle Timeframe The Yardstick metric compares…

“There’s no free money forever”: Twenty One Capital’s new CEO warns the Bitcoin treasury playbook is dying

Raphael Zagury, the newly appointed CEO of Bitcoin-focused public company Twenty One Capital, says the premium-funded model behind Bitcoin treasury firms cannot provide easy returns forever. His answer is to build cash-generating businesses around the company’s BTC balance sheet. In a July 22 fireside chat furnished to the SEC, Zagury described issuing shares above the…

Trump’s Crypto Adviser Rejects CLARITY Act Developer Proposal

Law enforcement groups backed by key Democrats have suggested some changes to the CLARITY Act that would make it easier to prosecute some crypto software developers. However, White House officials still feel like the suggestions made fall short of what they want. Trump’s Crypto Adviser Rejects Proposal Trump’s crypto adviser, Patrick Witt, dismissed the proposal,…