Gate Research: Bitcoin Retraces After Breaching $70,000 Mark, Solana On-Chain Transactions Overtake Ethereum

Gate Research: Bitcoin Retraces After Breaching $70,000 Mark, Solana On-Chain Transactions Overtake Ethereum

Gate Research 07.30 Daily Report Now Available! The report covers daily crypto price trends, macro capital flows, popular tokens, updates on hot projects, impact of current events, and market opportunities for project financing and short positions, providing a quick analysis of the crypto market.Market Analysis: BTC price briefly surged to $70,000 before falling back to around $66,500, while ETH fluctuated around $3,300.Top Performers: The US government transferred 29,799.99 BTC, approximately $2.02 billion, from its address and still holds 183,439 BTC, equivalent to about $12.35 billion.Data Highlights: Both Bitcoin and Ethereum ETFs experienced net outflows yesterday, with the main source of Ethereum ETF outflows being Grayscale's ETHE.Market Opportunities: Three projects completed financing, each raising millions of dollars. The products cover AI infrastructure, account management tools, and DeFi protocols.

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