According to @lookonchain, two Bitcoin wallets that had been dormant since 2011 recently moved 20,000 BTC, valued at over $2 billion. This was part of a larger series of transfers where eight wallets from the 'Satoshi era' moved a total of 80,000 BTC, worth approximately $8.5 billion, to new addresses. These transfers have significant trading implications, as the original owners are sitting on approximately 140,000-fold returns, creating a strong incentive to sell. However, the funds were moved to non-exchange addresses, so an immediate sell-off is not confirmed. Adding to the intrigue, Coinbase director Conor Grogan highlighted a suspicious transaction of 10,000 Bitcoin Cash (BCH) tokens, worth nearly $5 million, from a wallet tied to the BTC cluster just hours before the main transfers. Grogan theorizes this BCH move might have been a covert test of the private keys, intended to avoid detection from whale-watching services that monitor Bitcoin more heavily. The fact that only one associated BCH wallet was activated suggests the entity may not have full access to all keys. While the BTC has not yet been moved to an exchange, this massive, coordinated movement, preceded by a potential BCH test, has created market uncertainty and speculation about a potential large-scale liquidation event.

According to @godbole17, Bitcoin Cash (BCH) has surged over 5% in 24 hours, reaching a high of $528 while Bitcoin (BTC) and the broader market showed weakness. The bullish momentum is highlighted by a 'golden cross' on the BCH/BTC chart, where the 50-day simple moving average crossed above the 200-day SMA, a technical signal for a potential bull market. However, this price rally contrasts with weak on-chain fundamentals, as the network's daily active addresses have hit a six-year low, indicating a 'critical demand deficit'. This suggests the recent price action is largely driven by speculation rather than network adoption. For traders, key levels to watch are resistance around $527 and support established between $519 and $520.

According to @StockMKTNewz, shares of Nasdaq-listed Coinbase (COIN) surged 43% in June, establishing it as the top performer in the S&P 500 for the month. This significant rally, which pushed COIN stock to its highest level since its public debut, is largely attributed to a shifting investor focus towards stablecoin revenue, buoyed by legislative progress on the GENIUS Act for dollar-pegged stablecoins. The report highlights that Coinbase retains all yield from USDC balances on its platform, offering shareholders indirect exposure to Circle's revenue stream. However, traders should note that despite the stock's impressive performance, average daily trading volume on the Coinbase exchange has been declining since April. In the broader crypto market, a major index showed a 1.3% increase, with Aave (AAVE) leading gains at 3.5% while Bitcoin Cash (BCH) lagged with a 1.5% drop.

According to @EmberCN, a trader on the decentralized exchange HyperLiquid, known as AguilaTrades, turned a $10 million unrealized profit into a $2.5 million loss on a leveraged Bitcoin (BTC) long position. The source states this occurred as BTC fell 4% from its recent high, trapping the trader in a range-bound market that has persisted between $100,000 support and $110,000 resistance since May. This follows a previous incident where the same trader reportedly lost $12.5 million. In stark contrast, Bitcoin Cash (BCH) rallied 3.15% to $480.10, defying the broader market downturn. The analysis attributes the BCH surge to a 21.98% increase in 24-hour trading volume over its 30-day average, which confirmed strong buying interest and helped it break key resistance levels.

According to FHFA Director William Pulte, Fannie Mae and Freddie Mac have been ordered to prepare for accepting cryptocurrencies in mortgage applications, driving Bitcoin (BTC) above $107,000 with a 2.2% gain in the last 24 hours. Matt Cole, CEO of Strive, emphasized that this allows BTC holders to buy homes without liquidating assets and shifts risk to the US government. Bitcoin Cash (BCH) outperformed with a 7.4% surge, while Charlie Morris, founder of ByteTree, linked part of the rise to reduced geopolitical tensions following a Middle East ceasefire.

According to Polynomial (@PolynomialFi), the trading platform has launched several new markets, allowing users to trade tokens such as HBAR, IP, and BCH. This expansion provides traders with increased opportunities to diversify their portfolios and engage in active trading across a broader range of assets.

According to Mihir (@RhythmicAnalyst), there has been a noticeable pump in the prices of Proof of Work (PoW) coins, specifically mentioning Litecoin (LTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), and Dogecoin (DOGE). This surge indicates a growing interest or speculative trading activity in these cryptocurrencies, potentially due to their PoW mechanism which is often highlighted for its security and decentralization aspects.

According to Mihir (@RhythmicAnalyst), Bitcoin Cash (BCH) has reached a price point of 4545 USD. This significant price movement could indicate a strong bullish trend for BCH, suggesting potential trading opportunities for investors looking to capitalize on its upward momentum.

According to Mihir (@RhythmicAnalyst), Bitcoin Cash (BCH) began a recovery in mid-2023, and the recent price correction halted at a significant support level. This technical movement suggests a potential continuation of BCH's recovery, providing traders with a bullish outlook based on current price action.

According to Mihir (@RhythmicAnalyst), BTC demonstrated the secure functionality of a distributed ledger, which is pivotal for traders as it underscores the reliability of the network (source: Twitter). ETH expanded BTC’s utility by applying its solution to various use cases beyond payments, highlighting its versatility in decentralized applications, essential for investors seeking diverse opportunities (source: Twitter). BCH showcased the potential for BTC’s solution to be a scalable payment system, which is crucial for traders focusing on transaction efficiency (source: Twitter).

According to @CCData_io, today's top crypto stories include Japan's Metaplanet increasing its share price again by purchasing more Bitcoin. Kraken has received a substantial amount of Bitcoin (BTC) and Bitcoin Cash (BCH) from the Mt. Gox trustee. Additionally, Bitkey, the hardware wallet by Jack Dorsey, has partnered with MoonPay to facilitate Bitcoin purchases.