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After setting a new all-time high of $124,500, Bitcoin is now battling to hold the $115,000 level as support. The bulls, who dominated just days ago, are struggling to spark a fresh rally, leaving the market in a delicate phase. While fundamentals such as institutional adoption and strong holder demand continue to support the broader uptrend, capital flows suggest a new dynamic is at play.

Several analysts note signs of capital rotation from Bitcoin into altcoins, a pattern that often marks transitions between phases of the market cycle. Ethereum, in particular, is emerging as a major destination for this shift.

Adding to the intrigue, on-chain intelligence firm Lookonchain has been tracking the movements of a long-dormant Bitcoin OG whale, who has reawakened with extraordinary activity. On Friday, the whale deposited 300 BTC ($34.86 million) into Hyperliquid to sell for Ethereum. His bold strategy is paying off: he’s now sitting on over $100 million in unrealized profits.

The whale currently holds a 135,265 ETH ($581M) long position at a $4,295 average entry, up $58 million, and also accumulated 122,226 ETH ($535M) spot at a $4,377 average, up $42 million. This aggressive rotation underscores a pivotal moment—one where Bitcoin consolidates, but altcoins, led by Ethereum, may capture the spotlight.

Bitcoin OG’s Bold Rotation Into Ethereum

According to Lookonchain, the mysterious Bitcoin OG whale continues to dominate market headlines with aggressive on-chain moves. Most recently, he transferred another 4,000 BTC (~$460 million) into exchanges, where the funds were converted into Ethereum. This marks yet another large-scale repositioning that has captured the attention of analysts and investors alike.

So far, the whale has accumulated a staggering 179,448 ETH (~$806 million) at an average price of $4,490, alongside a 135,265 ETH ($581 million) long position that remains open. These bold allocations underscore a decisive rotation strategy away from Bitcoin and into Ethereum, suggesting a bet on ETH’s outperformance in the coming phase of the cycle.

The implications are significant. On one hand, such a massive capital shift highlights growing institutional-style conviction in Ethereum as it pushes through all-time highs and challenges Bitcoin’s dominance. On the other hand, it raises concerns about short-term volatility.

Analysts warn that despite the bullish outlook, a shakeout may occur before sustained gains materialize. With leverage in derivatives markets climbing and liquidity thinning in spot trading, sharp pullbacks could easily flush out overextended positions.

Bitcoin Vs. Ethereum: Weekly Chart Analysis

The ETH/BTC weekly chart shows Ethereum gaining significant ground against Bitcoin after a long downtrend that lasted from mid-2022 to early 2025. ETH has now rallied to the 0.041 BTC level, posting strong bullish candles and reclaiming key moving averages. The 50-week SMA (blue) has just been broken to the upside, and price is testing the 100-week SMA (green), an important resistance zone. If ETH manages to sustain momentum above this level, the next key target lies near the 200-week SMA (red) around 0.055 BTC.

This rotation is especially important because ETH has been underperforming Bitcoin for over two years. The recent surge signals a potential capital rotation from BTC into ETH, a trend reinforced by large institutional buys and whales shifting positions into Ethereum.

On the downside, if ETH/BTC faces rejection at the current resistance, the pair could retest support around 0.035 BTC, which aligns with previous consolidation. However, momentum indicators suggest strength is currently with Ethereum.

Featured image from Dall-E, chart from TradingView

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Amid the persisting sell-offs faced by the broad crypto market, BlackRock has also joined the trend. 

In a move that has sparked reactions from the crypto community, data from on-chain tracking platform LookOnChain has revealed BlackRock’s sale of large portions of its Bitcoin and Ethereum holdings.

According to the data, BlackRock has collectively moved over $366 million in Bitcoin and Ethereum from its exchange-traded funds to a wallet on Coinbase Prime. The move, which is uncommon for the investment giant, happened on August 20 as the crypto market bloodbath continues.

While BlackRock has yet to clear speculations regarding the major transaction today, a leading crypto fund was spotted moving 1,885 BTC worth about $111.66 million and 59,606 ETH worth $254.43 million to the leading crypto trading platform, Coinbase Prime.

Did BlackRock just sell?

The investment giant, which is renowned for consistently recording daily streaks of inflows, has broken the trend today with a massive amount of outflows recorded in both of its ETF products.

Although the nature of the major transaction was not clearly stated, such large-scale transfers to exchanges have often been interpreted as potential sell-offs.

As such, it appears that BlackRock may be taking profits amid recent market volatility, as the market has continued to record massive price declines led by Bitcoin and Ethereum.

Nonetheless, the transaction has fueled speculation among traders about whether this signals the start of a broader institutional offloading of crypto holdings, as BlackRock is renowned as a leader in crypto institutional engagements.

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While the major move was executed at a time when investors have seen their crypto bets suffer notable losses, market participants are watching closely to see whether this sell activity could trigger further downside pressure on BTC and ETH prices.

Oftentimes, large institutional transfers of this size have had noticeable short-term market impacts on the performance of the cryptocurrency involved; however, they can also be part of broader strategic redistribution of the portfolio rather than an attempt to exit the market.

Nonetheless, the prices of BTC and ETH have continued to decrease after the major transaction was noticed, sparking curiosity among investors if there was still hope for a broader market rebound.

Ethical image generation infrastructure Tengr.ai announced its entry into the world of web3 a couple weeks ago; as the company now sold out its ‘Tengr Genesis Collection’ on Galaxis Community platform in seconds on Wednesday, seemingly defying the notion that the NFT industry is “dead.”

Tengr.ai’s new digital gift collection of 888 non-fungible tokens (NFTs) powered by Ethereum’s Base chain is its entry to the world of cryptocurrencies; one of many upcoming initiatives paired with the company’s upcoming token launch.

The tokens in the collection included multiple perks within the Tengr Canva-like platform such as premium subscriptions with several benefits including a token airdrops, as well as access to prompt based creative contents – to name a few.

Tengr.AI is an image generation infrastructure that lets users create without censorship issues or data harvesting – designed for creators, businesses, educators and more with a strong emphasis on user privacy and creative freedom. The company employs its proprietary Hyperalign technology to balance uncensored creative expression with safety, which allows the generation of diverse content while preventing misuse, such as deepfakes or harmful imagery.

Tengr.ai stated that the ‘artwork’ for these NFTs was entirely to the credit of its existing users; who actively participated in creating and submitting ideas for artwork through its image generation platform. 10 of those were selected to be the face of Tengr’s NFTs.

Unlike competitors that harvest personal data or impose restrictive licenses, Tengr.AI is designed with privacy at its core. It does not collect or store any personal information, and users maintain full commercial rights to all images they create.

“Users retain full ownership of the images they create, enabling them to use their creations for commercial purposes without restrictions,” says CEO and co-founder; Péter W. Szabó.

Its Hyperalign technology quietly converts risky prompts into safe, compliant results, avoiding the constant battle of traditional filters while maintaining seamless creative freedom.

Tengr.AI also recently announced its Quantum 3.0; an upgraded image generation engine which sets a benchmark for prompt fidelity, rendering speed, photorealism, all while retaining the existing Tengr.AI infrastructure.

The company states that holders of the newly launched NFT collection will gain exclusive access to unique and unrevealed features within the platform before they go out to the public.

Tengr.AI is also introducing its native TENGR cryptocurrency token into its platform to enhance user engagement and expand its ecosystem.

Earlier this year, Tengr.AI completed an equity funding round aimed at developing and launching its TENGR utility token, integrating blockchain tech into its platform.

Through initiatives such as the NFT collection, the platform aims to empower and monetise its community in a more collaborative way.

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Decentralization is the future.

A Bitcoin whale from the early 2010s, holding coins mined or acquired in Bitcoin’s infancy, recently awakened and sold 80,000 BTC. The sale was handled by Galaxy Digital, which executed the transfer of over 80,000 BTC (worth $9 billion) on behalf of this client, who is described as a “Satoshi-era” investor. 

Despite this massive sale and the volatility that came after, Bitcoin has managed to steady and the ensuing price action shows that bulls were more than prepared to absorb the sell shock.

Related Reading

Bitcoin Dips To $115,000, Bulls Quickly Bought The Dip

News of the $9 billion Bitcoin sale initially caused price volatility. Bitcoin’s price had recently been trading around $119,000, so the sudden influx of sell orders caused a short-lived pullback. On July 25, as reports of Galaxy’s whale sale spread, BTC/USD swiftly fell to around $114,000 to $115,000. 

The sheer size of 80,000 BTC (over 0.4% of total supply) hitting the market had the potential to trigger panic. Indeed, there were signs of profit-taking and higher exchange inflows in the days surrounding the sale. This, in turn, led to a 3.5% drop, which is one of Bitcoin’s steepest intraday dips in weeks, temporarily breaking below the $115,000 support level. 

However, it soon became clear that Bitcoin’s bulls were more than prepared to absorb the shock. The price decline bottomed out in mere hours. By the end of that same day, Bitcoin had rebounded above $117,000, and it was trading back in the mid-$117,000.

This rapid recovery demonstrated remarkable liquidity and depth in the Bitcoin market. “80,000 BTC, over $9 billion, was sold into open market order books, and Bitcoin barely moved,” observed crypto analyst Joe Consorti, showing how quickly buyers stepped in to counter the selling pressure.

Image From X: Joe Consorti

Back in earlier years, a sell order of this magnitude could have triggered a double-digit percentage price crash. By contrast, the ecosystem in 2025 handled it with surprising ease. “The entire sale has been fully absorbed by the market,” noted Bitcoin analyst Jason Williams.

What’s Next For Bitcoin Price?

With the whale’s 80,000 BTC sale now largely in the rearview mirror, the next step is looking ahead to where Bitcoin might go from here. The fact that the market digested a $9 billion sell-off with only minor turbulence has many observers feeling even more bullish about Bitcoin’s trajectory. “We’re going so much higher,” Jason Williams noted.

It’s a sentiment shared by several crypto analysts on X, who see the quick recovery as evidence of strong upward momentum. The consensus among bulls is that new all-time highs could be on the horizon in the coming months. Bitcoin already notched a record around $123,000 on July 14, but analysts are still calling for new highs above $130,000, $150,000, or even higher. 

Related Reading

At the time of writing, Bitcoin is trading at $118,063, up by 0.5% in the past 24 hours.

Featured image from Unsplash, chart from TradingView

A growing majority of Gen Z crypto traders are turning to artificial intelligence (AI) to guide their strategies and it’s making them less prone to panic selling.

According to a July 24 report from MEXC Research, which analyzed over 780,000 Gen Z trading accounts in the second quarter, found that 67% of users aged 18 to 27 had deployed at least one AI-powered bot or strategy in the past 90 days.

Traders using AI-driven tools recorded 47% fewer panic-sell incidents during periods of market stress compared to those trading manually.

A tactical ‘on–off’ relationship

Gen Z’s engagement with AI isn’t passive. The cohort averaged 11.4 days per month using AI tools, which is more than double users over 30. Furthermore, they accounted for 60% of all AI bot activations on the exchange. 

Yet, they don’t leave bots running indefinitely, as 73% switched them on during volatility or news spikes and turned them off during low-volume, sideways markets. Overall, 58% of Gen Z AI interactions occurred during periods of elevated readings on MEXC’s internal volatility index.

This behavior points to fluid control rather than full delegation. Gen Z configures conditions and lets automation execute when emotions are most likely to interfere. They also check AI-generated signals 2.4 times more often than traditional indicators, suggesting they view machine output as the primary decision feed in fast markets.=

Generational differences

MEXC’s data indicates that AI is serving as both a risk-management layer and a convenience feature. Gen Z traders using bots were 1.9x less likely to trade reactively in the first three minutes of major events, a window that MEXC flags as prone to costly errors.

They were also 2.4x more likely to employ structured stop-loss and take-profit rules, reinforcing that automation is being used to maintain absolute boundaries, not just identify entries.

Cross-generational comparisons reveal that millennials continue to lean toward thesis-driven, chart- and report-heavy workflows, treating AI as a supplement to pre-set strategies. 

Only 22% of millennials and 7% of Gen X reported turning to AI during high-volatility windows, versus Gen Z’s 73%.

Psychologically, millennials seek a sense of persistent manual control. Gen Z toggles autonomy based on stress, noise, and attention bandwidth, a pattern mirroring those seen in gaming and social platforms.

MEXC projects that by 2028, more than 80% of Gen Z traders will rely on AI for full-cycle portfolio management, from dynamic rebalancing to tax automation. 

That demand aligns with broader forecasts, putting the AI trading platform market at nearly $70 billion by 2034, growing over 20% CAGR from 2025 to 2034.

Mentioned in this article

The Office of the Comptroller of the Currency (OCC) is taking action against a former bank employee who allegedly sold check images that resulted in a six-figure loss for the lender.

The OCC says it’s issuing an order of prohibition against Cricel Santamaria, a former client service representative at Webster Bank in Stamford, Connecticut.

Says the OCC,

“From approximately April 2019 until May 23, 2022, the respondent was employed at the bank. Between approximately October 2021 and April 2022, the respondent obtained approximately 62 check images from the bank’s internal systems and made them available for sale over the internet.

Thirteen bank customers reported fraud on their accounts shortly after their checks were made available for sale on the internet. The total fraud reported was $237,374 and the total Bank loss was approximately $108,000.”

According to the OCC, Santamaria “engaged in unsafe or unsound practices, caused more than a minimal loss to the bank, demonstrated personal dishonesty and willful or continuing disregard for the safety and soundness of the bank.”

The OCC order prohibits the ex-banker from working in the banking and financial services industry.

Santamaria consents to the OCC order without admitting or denying any wrongdoing. Under the order, the Department of Justice (DOJ) retains its right to “bring other actions deemed appropriate” against Santamaria.

The Webster Bank, a commercial bank based in Stamford, Connecticut, has more than $70 billion in assets under management.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Billionaire Ray Dalio’s hedge fund is shedding exposure to the S&P 500 and hedging against the US dollar – while managing to stay on offense.

The latest 13F filings show Dalio’s Bridgewater Associates has lowered its stake in the SPDR S&P 500 ETF, a benchmark fund that tracks the performance of the S&P 500.

That fund now makes up about 8.5% of Bridgewater’s overall portfolio as of the end of March.

Simultaneously, the hedge fund has increased its exposure to SPDR Gold Shares ETF (GLD), an exchange-traded fund that tracks the price of gold bullion, less its expenses.

Bridgewater increased its GLD holdings by about 33%, allocating approximately $340 million in total exposure to the precious metal.

The move comes as Dalio repeatedly warns the US dollar’s decline could eventually trigger stagflation – a dreaded economic outcome marked by high inflation, high unemployment and low economic growth.

But Bridgewater’s portfolio is not merely defensive.

Alongside GLD, the firm has dramatically boosted its position in the Chinese e-commerce giant Alibaba (BABA).

Bridgewater increased its Alibaba holdings by over 3,000%, attaining 5,660,258 shares worth approximately $680 million.

That makes it one of the fund’s top holdings.

Alibaba’s stock has risen approximately 42% year-to-date, driven by strong growth in its cloud computing segment.

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The memecoin launchpad Pump.fun has completed one of the fastest-selling initial coin offerings (ICOs) to date.

In a post on the social media platform X, the Solana (SOL)-based platform says that its official native token, PUMP, sold out in just minutes during the ICO event on July 12th, generating millions of dollars in sales.

“The PUMP public sale has now ended. We are delighted to reveal that the PUMP public sale was able to sell out in only 12 minutes. We would like to thank our entire community for participating! The PUMP tokens will now enter the distribution phase.”

All the tokens that were sold through the Pump.fun website and participating crypto exchanges will be transferred 48 to 72 hours after the sale. The tokens will become tradable and transferable once the protocol announces that the process is completed. 

In an earlier statement, Pump.fun said that 33% of PUMP’s maximum supply of 1 trillion will be sold in the ICO, 24% is reserved for community and ecosystem initiatives, 20% is allocated for the team, 13% for the existing investors, 2.4% for the ecosystem fund, 2% for the foundation, 3% for livestreaming and 2.6% for liquidity and exchanges.

According to data from the crypto exchange Gate, the public token sale sold 125 billion PUMP at 0.004 USDT each, raising a total of $500 million.

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Cathie Wood’s innovation-focused ARK Invest has sold off a large number of shares in several companies to load up on one Big Tech stock.

Data from Cathiesark.com, which tracks the investment firm’s equity holdings and trades, shows that ARK Invest sold $6.3 million worth of top US crypto exchange Coinbase (COIN) on July 10th.

The firm also sold $5.6 million worth of trading app giant Robinhood on July 10th and $8.5 million worth of streaming platform Roku (ROKU) between July 10th and July 11th.

Other recent large ARK Invest sales include $1.8 million of electric aircraft maker Archer Aviation (ARCHR) on July 11th and $8.3 million in digital-payments company Square (XYC) between July 9th and July 10th.

Amid the large sales, ARK Invest purchased a whopping $14.2 million worth of electric vehicle manufacturer Tesla (TSLA) on July 11th.

ARK Invest’s top single holding is Coinbase at $881.4 million, while Tesla is in second at $865.1 million.

Ark Invest’s third-largest holding is in Roku at $674.4 million, followed by Robinhood at $636.1 million.

Ark CEO Cathie Wood said in a CNBC interview this month that the stock market is likely entering a strong bull run, while predicting a US economic recovery once the Fed cuts rates.

“We have been climbing a wall of worry. A lot of people expected tariffs and wars and the controversy between the Fed and the President to really shake markets up.

And of course, there has been some volatility. But these are the kinds of bull markets that I think are the most durable, when the market climbs through all of that controversy. It’s really signaling something. And I think the things that it’s signaling are: interest rates probably are coming down… we’ll move from a rolling recession into a recovery.”

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Pump.fun’s long-anticipated public token sale concluded in a mere 12 minutes, and investors snapped up the full 12.5% of its 1 trillion‑token supply in a quick move. The event raised a total of $500 million from the sale of 125 billion PUMP tokens priced at $0.004, which accounts for 12.5% of the total 1 trillion token supply. 

$500 Million Raised In Just 12 Minutes

The Pump.fun ICO has officially become one of the most explosive token launches of the year after raising $500 million and closing out its sale in just 12 minutes. The Solana-based memecoin launchpad stunned the crypto community this Saturday with an explosive public token sale offering that distributed 125 billion PUMP tokens, which amounts to about 12.5% of the total 1 trillion supply at $0.004 apiece. This complete sale brings the PUMP tokens to a fully diluted valuation (FDV) of $4 billion.

Investors participated in the ICO by buying directly on the Pump.fun official token website or any of the project’s multiple centralized exchanges, which include Bybit, KuCoin, Bitget, Kraken, Gate.io, and MEXC. According to a dashboard on the official website, $448.5 million worth of PUMP tokens were purchased on the website, $5 million worth were purchased on Gate, $30 million worth were purchased on Kraken, and $16.5 million worth of tokens were purchased on KuCoin.

Image From Pump.fun

Buyers can expect PUMP tokens to be distributed within the next 48 to 72 hours, but transfers will be temporarily disabled during this window. Transfers will be enabled immediately after the distribution is complete. Nonetheless, pre-market activity suggests strong bullish sentiment. The quick sellout indicates that the crypto could surge massively in the first few trading sessions after launch, as long as the market is still in its current bullish state at the time it launches.

Mixed Reactions After Quick Sellout

The earliest that PUMP could become tradable and accessible for US and UK users is Monday, July 14. Notably, PUMP’s pre-listing price surged to as high as $0.006989 on Hyperliquid after the sale. Although it dropped after this peak, it has recovered a bit and is now around $0.006989. 

Notably, the project’s post of the sellout on the social media platform X was met with mixed reactions, as shown in the comments. Supporters celebrated the event, but not everyone was impressed. Some users voiced frustration over exchange issues that prevented them from completing their purchases during the short 12-minute window, while others raised questions about token distribution fairness, especially considering the discrepancy between the 33% supply initially promised for the ICO and the 12.5% that was ultimately offered in the public sale.

Image From Pump.fun

One trader reportedly opened a huge short position on Hyperliquid on $PUMP using 2x leverage with $8 million in USDC. The position is already about $800,000 in the red and is steadily approaching liquidation at $0.0085.

Featured image from Unsplash, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.