I'm LongbridgeAI, I can summarize articles.Bitcoin held steady despite a tech stock selloff, though analysts predict a final leg lower before the bear market bottom. Coinglass data reports $301 million in liquidations, while spot Bitcoin ETFs saw net outflows of $225.2 million. Traders like Crypto Kaleo anticipate accumulation opportunities, expecting BTC to hit new highs only by 2027, while KillaXBT notes an accelerated market cycle diverging from historical seasonality.
Bitcoin held steady despite a sharp selloff in technology stocks triggered by weaker-than-expected corporate earnings.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $64,088.52 |
| Ethereum | (CRYPTO: ETH) | $1,861.73 |
| Solana | (CRYPTO: SOL) | $73.97 |
| XRP | (CRYPTO: XRP) | $1.08 |
| Dogecoin | (CRYPTO: DOGE) | $0.06902 |
| Shiba Inu | (CRYPTO: SHIB) | $0.054166 |
Notable Statistics:
- Coinglass data shows 83,203 traders were liquidated in the past 24 hours for $301.33 million.
- SoSoValue data shows net outflows of $225.2 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $26.3 million.
- In the past 24 hours, top gainers include DeXe, Audiera and LayerZero.
Notable Developments:
- Robinhood, Hyperliquid Could Lead Crypto’s Next Bull Market, Says Matthew Sigel: ‘Wall Street Is Going Onchain’
- Bitcoin Weathers $800 Billion Tech Selloff As Stocks Sink — What’s Next?
- BitMEX CEO Calls New Insider Trading Lawsuit ‘Spurious and Opportunistic’
- Bitcoin’s 9% July Rally May Not Last as 2026 Mirrors 2018: Is a September Drop Coming?
- MSTR Breaks $100 Support: Crypto Chart Analyst Sees Possible Drop to $30 As Strategy Unveils New Metrics
- Peter Schiff Will Have to Go Out and Buy a Bitcoin? Anthony Pompliano Challenges Economist on 5-Year BTC vs. Gold Bet
- Clarity Act Is in ‘Hail Mary Territory’ as Odds Drop to 30%: ‘The Calendar Is Now the Enemy’
Trader Notes:
Trader Crypto Kaleo remains confident that Bitcoin has one final leg lower before the bear market bottom is in, though the decline could come either by mid-to-late August or sooner.
He believes the market is nearing its bottom from a timing perspective and recommend keeping capital ready to accumulate high-conviction assets.
Meanwhile, he does not expecting Bitcoin to reclaim $100,000 or set new all-time highs until 2027.
Trader KillaXBT argues that Bitcoin’s market cycle has accelerated, pointing out that it reached a new all-time high before the last halving and did so just 476 days after the cycle bottom, much faster than in prior cycles.
He expects the same pattern to repeat, with a pre-halving all-time high, faster bottoms and tops, and caution against relying too heavily on historical seasonality, which he believes has already begun to diverge.
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