Bitcoin
Affairs
 
No. 053  ·  18 Jul 2026
 
MARKET SNAPSHOT
BTC / USD
$64,188
  24H CHANGE
+1.4%
 
ALL-TIME HIGH
$124,749
  FROM ATH
-48.5%
NEWS
5 STORIES TODAY
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U.S. import prices rise again, complicating the disinflation story before the Fed
The BLS said U.S. import prices rose 0.3% in June and were up 7.1% from a year earlier, with nonfuel costs driving the increase. The upside surprise muddies the recent cooling-inflation narrative and may strengthen the case for the Fed to stay hawkish.
Rates  Macro
U.S. spot Bitcoin ETFs pull in $132 million as institutional bid holds
Farside data show U.S. spot Bitcoin ETFs absorbed $132.3 million on July 17, led by a $136.5 million intake at BlackRock's IBIT while Fidelity's FBTC lost $4.2 million. The fresh demand suggests ETF buyers are still stepping in even as macro nerves keep Bitcoin volatile.
ETF
ECB heads into July meeting with oil and inflation back in focus
Reuters said the ECB is likely to hold rates at 2.25% on July 23, but renewed oil and gas pressure has put inflation back at the center of the debate. For Bitcoin, that keeps another major central bank on a potentially less-dovish path just as markets reassess global easing expectations.
Rates  Macro
Coinbase premium stays negative for record 60 days, flagging weak U.S. demand
The Block said Coinbase's Bitcoin Premium Index has stayed below zero for 60 consecutive days, the longest negative streak on record. That points to subdued U.S. institutional spot demand and helps explain why rallies are struggling to gain traction.
On-chain  Macro
Strategy’s reserve rebuild calms liquidity fears but leaves Bitcoin playbook unfinished
CryptoQuant said Strategy's new capital framework has eased immediate liquidity stress by rebuilding cash reserves and pausing Bitcoin purchases. But the firm argued the company still lacks clear rules for when to resume buying and how to sell into future strength.
Macro
COMMENTARY
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Crypto Rover
@cryptorover
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BOOM 🚀 Long term holders keep aggressively accumulating Bitcoin. https://t.co/a8KdxFDmUo
 
 
 
 
66 reposts    80 replies    573 likes
Cointelegraph
@Cointelegraph
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🚨 INSIGHT: @PeterLBrandt tells @itsciaranlyons, "I think we'll see a low in Bitcoin somewhere in early October."

He believes Bitcoin could briefly dip into the high $40Ks before the next major move higher, adding: "The Bitcoin cycle has been very, very consistent."

#TRADESECRETS
 
 
 
 
 
26 reposts    60 replies    149 likes
Skyler
@Crypto_Advis0r
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GM CT

The numbers tell the story.

Public companies went from 3,000 $BTC ($30M) in 2020 to 1.2M+ BTC (~$80B) today a 400× jump and 266,567% growth in value.

While many questioned Bitcoin, corporate treasuries quietly accumulated.

The balance sheets were the real signal. https://t.co/DMKSDht6Dq
 
 
 
 
21 reposts    68 replies    222 likes
Cointelegraph
@Cointelegraph
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🚨 UPDATE: $BTC supply in loss surpassed supply in profit for the first time this cycle, while LTH supply reached a record 14.85 million $BTC. https://t.co/rttk6rrtiv
 
 
 
 
56 reposts    59 replies    304 likes
Cointelegraph
@Cointelegraph
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🚨 INSIGHT: Bloomberg ETF analyst Eric Balchunas says Bitcoin ETFs could follow gold ETFs' long-term path of sharp rallies, painful drawdowns, and higher highs over time. https://t.co/Ye322Q2dXj
 
 
 
 
56 reposts    41 replies    229 likes
ᴄʀʏᴘᴛᴏ xʟᴀʀɢᴇ
@cryptoxlarg
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Every #Bitcoin bear market has looked “less painful” than the previous one.

2014 → -87% → Next ATH: $19,798
2018 → -84% → Next ATH: $69,044
2022 → -77% → Next ATH: $126,199

Current cycle:
-49% so far.

If the pattern of shallower drawdowns continues, the next expansion could surprise most of the market.

The biggest gains have always come after the periods when everyone believed Bitcoin was finished.

What’s your target for the next $BTC ATH? 👇
 
 
 
 
32 reposts    47 replies    211 likes