Endereços ativos
Between Julho 2 and Julho 9, 973,476 active addresses were added to the Bitcoin network. During this time, the Bitcoin price rose as high as $109,000. On Julho 3, there was a drop in the number of active addresses, while Bitcoin saw a rise of $109,000. When the 7-day simple moving average (SMA) is analyzed, it is observed that the price follows an upward trend on the dates when this average crosses the price. This indicates that there is pressure to buy.
Endereços de envio ativos
Between Julho 2 and Julho 9, there was a sideways movement in active shipping addresses. On the day of the price high, active sending addresses rose as high as 711,222, indicating that Bitcoin active address inflows were considering the $108,000 level. As a result, the ‘Active Sending Addresses’ metric was generally flat.
Endereços de recebimento ativos
Between Julho 2nd and Julho 9th, there was a regular rise in active buying addresses with the Black Line (price line). On the day when the price reached a high level, active receiving addresses rose to 517,280 levels; It shows that buyers bought Bitcoin at $109,000 levels.
Desmembramentos
MRVR
On Julho 2, Bitcoin price was at 108,882 while MVRV Ratio was at 2.256. As of Julho 8, the Bitcoin price rose 0.11% to 108,999, while the MVRV Ratio fell 1.41% to 2,224.
Preço Realizado
On Julho 2, Bitcoin price was at 108,882 while Realized Price was at 48,261. As of Julho 8, the Bitcoin price increased by 0.11% to 108,999, while the Realized Price increased by 1.52% to 48,996.
Índice de lucro de produção gasta (SOPR)
On Julho 2, the Bitcoin price was at 108,882 while the SOPR metric was at 1,019. As of Julho 8, the Bitcoin price rose to 108,999, an increase of 0.11%, while the SOPR metric rose to 1,033, an increase of 1.37%.
Derivativos
Juros abertos
Open interest data in the Bitcoin futures markets has been showing a significant downward trend since Julho 2. Open positions, which initially started at $37 billion, rose sharply on Julho 3 to more than $38 billion. However, the sharp decline that followed this sudden increase suggests that investors are aggressively closing positions in this region or liquidations have come into play. After Julho 4, although the price showed a recovery trend, open interest could not regain upward momentum. While there is a fluctuating trend on the price side, the continuous decline in open interest is noteworthy. This divergence indicates that short-term speculative positions are decreasing and the market is in a cautious mode.
As of Julho 9, open interest has declined to 35.3 billion dollars. This value is quite low compared to the peak on Julho 3. While the price managed to hold around $108,700, the decline in open interest suggests that the market lacks volume support for upside moves. This structure usually generates a weak signal for price sustainability. In short, even though the market price remains flat or slightly up, there is a period of reduced appetite on the buy side and leveraged trades. This suggests that there may be an increase in volatility or sudden changes in direction in the coming days.
Taxa de financiamento
The fluctuations in Bitcoin’s funding rate data in recent days clearly reveal the ups and downs in market sentiment. Starting from low levels on Julho 2, the funding rate jumped significantly on Julho 3, showing a strong increase in positive territory. This rise indicates that the appetite for long positions has increased and the market is expecting a short-term rise. However, immediately after this increase, the price started to decline on Julho 4, suggesting that these long positions did not find strong enough support and the market overheated in the short term.
On Julho 5 and 6, funding rates fell back to low levels and prices tended to recover. This divergence suggests that investors are becoming cautious and avoiding leveraged long positions. However, on Julho 7, funding rates returned to strongly positive territory, indicating that short-term bullish sentiment was regaining strength. On Julho 8, this ratio fell sharply again, but as of today, it is on the rise again. This reflects the fact that market participants are once again heavily long and are very optimistic about a price rally. However, the fact that funding rates have risen to such high positive levels suggests that the market is overcrowded and that these positions may be liquidated quickly in a possible correction. In summary, there is a near-greedy appetite in the market again, but this structure also suggests that short-term risks have increased.
Liquidações de longo e curto prazo
With the BTC price moving between $105,000 and $110,000, $124 million worth of long and $196 million worth of short transactions were liquidated.
| Data | Valor longo (milhões de dólares) | Valor curto (milhões de dólares) |
|---|---|---|
| Julho 02 | 9.32 | 104.58 |
| Julho 03 | 16.78 | 35.54 |
| Julho 04 | 29.28 | 3.35 |
| Julho 05 | 0.39 | 1.35 |
| Julho 06 | 3.67 | 33.31 |
| Julho 07 | 60.57 | 3.56 |
| Julho 08 | 4.67 | 14.78 |
| Total | 124.68 | 196.47 |
Distribuição de suprimentos
Total Supply: reached 19,889,096 units, up about 0.016% from last week.
New Supply: The amount of BTC produced this week was 3,329.
Velocity: Velocity, which was 12.79 last week, was 12.70 as of Julho 7.
| Categoria Carteira | 30.06.2025 | 07.07.2025 | Variação (%) |
|---|---|---|---|
| < 1 BTC | 8.4707% | 8.4664% | -0.0508% |
| 1 - 10 BTC | 11.4290% | 11.4187% | -0.0901% |
| 10 - 100 BTC | 24.6580% | 24.6677% | 0.0393% |
| 100 - 1k BTC | 28.9932% | 29.0837% | 0.3121% |
| 1k - 10k BTC | 18.3194% | 18.3033% | 0.0879% |
| 10k+ BTC | 8.1292% | 8.0597% | 0.8549% |
According to the latest weekly data, there was a limited decrease of -0.05% in <1 BTC wallets, while a decrease of -0.09% was observed in the 1-10 BTC range. Slight increases of +0.04% were observed in the 10-100 BTC segment and +0.31% in the 100-1k BTC range. A limited decline of -0.09% stood out in the 1k-10k BTC group, while a more pronounced decline of -0.86% was seen in the 10k+ BTC category.
Reserva de câmbio
Between Julho 2-8, 2025, Bitcoin reserves on exchanges decreased from 2,412,385 BTC to 2,401,285 BTC. In total, there was a net outflow of 11,100 BTC during this period, reducing exchange reserves by about 0.46%. The Bitcoin price gained 0.1% during the same period, with a limited increase from $108,882 to $109,000. While the net outflow of investors from the stock exchanges continues, the stable course of prices indicates cautious optimism in the market. If this trend continues next week, the reduction in exchange reserves could have a positive impact on the Bitcoin price.
| Data | 2-Jul | 3-Jul | 4-Jul | 5-Jul | 6-Jul | 7-Jul | 8-Jul |
|---|---|---|---|---|---|---|---|
| Fluxo de câmbio | 32,197 | 21,402 | 23,105 | 7,280 | 9,471 | 26,377 | 19,381 |
| Saída de câmbio | 35,282 | 22,314 | 20,750 | 8,346 | 10,326 | 36,738 | 19,642 |
| Fluxo de rede do Exchange | -3,084 | -912 | 2,355 | -1,066 | -855 | -10,361 | -260 |
| Reserva de câmbio | 2,412,385 | 2,411,473 | 2,413,828 | 2,412,762 | 2,411,907 | 2,401,545 | 2,401,285 |
| Preço do BTC | 108,882 | 109,629 | 108,026 | 108,222 | 109,217 | 108,270 | 109,000 |
Taxas e receitas
Between Julho 2 and Julho 8, Bitcoin Fees per Transaction (Mean) data shows that this indicator was at 0.00001224 on Julho 2, the first day of the week.
As of this date, a downward trend was observed due to the volatile movements in the Bitcoin price; As of Julho 5, it fell to 0.00000719, reaching the lowest level of the week.
In the following days, Bitcoin Fees per Transaction (Mean) started to rise again and closed at 0.00001282 on Julho 8, the last day of the week.
Bitcoin: Taxas (Total)
Similarly, when Bitcoin Fees (Total) data from Julho 2 to Julho 8 are analyzed, it is seen that this indicator was at 4.48022781 on Julho 2, the first day of the week.
As of this date, a downward trend was observed due to the volatile movements in the Bitcoin price; as of Julho 5, it fell to 3.07195076, reaching the lowest level of the week.
In the following days, Bitcoin Fees (Total) started to rise again and closed at 4.54612754 on Julho 8, the last day of the week.
Fluxos do minerador
“Bitcoin Miner Reserve Image to be Added”
According to the data obtained from the Miner Reserve table, there has been an increase in Bitcoin reserves held in miners’ wallets this week. There was a positive correlation between Bitcoin price and Miner Reserve during the week.
Inflow, Outflow e NetFlow do minerador
Between Julho 2 and Julho 8, 30,458 Bitcoins exited miners’ wallets, and 31,560 Bitcoins entered miners’ wallets between the same dates. The Miner Netflow for this week was 1,102 Bitcoin. Meanwhile, the Bitcoin price was $108,882 on Julho 2 and $108,999 on Julho 8.
Durante a semana, o fluxo líquido (Miner Netflow) foi positivo, pois a entrada de Bitcoin nas carteiras de mineradores (Miner Inflow) foi maior do que a saída de Bitcoin das carteiras de mineradores (Miner Outflow).
| Métrico | 2 Julho | 3 Julho | 4 Julho | 5 Julho | 6 Julho | 7 Julho | 8 Julho |
|---|---|---|---|---|---|---|---|
| Influxo de mineradores | 6571.05 | 5044.53 | 6777.55 | 1798.07 | 2832.09 | 4953.47 | 3583.90 |
| Fluxo de saída do minerador | 6747.07 | 4767.79 | 6905.39 | 1718.99 | 2333.33 | 4728.24 | 3258.12 |
| Fluxo de rede do minerador | -176.02 | 276.74 | -127.84 | 79.08 | 498.76 | 225.22 | 325.78 |
Transação
Last week, there were 2,661,118 transactions on the Bitcoin network, while this week it increased by about 3.04% to 2,741,953. The 506,241 transactions recorded on Julho 6 was the highest transaction volume of the week, while the lowest number of transactions was 360,890 on Julho 3.
Correlations between price and number of trades were balanced throughout the week, but the increase in network activity compared to the previous week is a positive sign.
(Ascension)
Tokens transferidos
While 3,872,504 BTC were transferred last week, it decreased by approximately 17.1% to 3,209,893 BTC this week. Julho 3 saw the highest token transfer volume of the week with 608,347 BTC transfers, while Julho 5 saw the lowest token transfer volume with 275,347 BTC. The positive and negative correlations between the amount of BTC transferred on the network and the price have been balanced throughout this week.
Atividades com baleias
Dados sobre baleias:
Over the last 7 days, data from the cryptocurrency market showed that whale activity on centralized exchanges over the centralized exchanges at the beginning of the process. Towards the middle of the process, these activities increased. When we look at the Exchange Whale Ratio metric, Julho 2, the first day of the 7-day period, measured the rate of whales using central exchanges as 0.492. The peak of the process took place on Julho 4th and the value was 0.575. When this ratio is above 0.35, it usually means that whales use centralized exchanges frequently. This measurement decreased towards the middle of the process, falling to 0.456 on Julho 5, which marked the low point of the process. It currently stands at 0.563 and centralized exchanges continue to be used frequently. BTC was priced at $105,500 at the beginning of this period and is currently priced at $108,900. This shows that whales are using centralized exchanges for accumulation. At the same time, total BTC transfers decreased by 17% compared to last week, with 3,209,897 BTC moving. The data reinforces a strong holding sentiment with long-term holder supply reaching 14.7 million BTC and realized profits remaining low, pointing to a dominant holding bias even as BTC trades above $108,000, but buying more of BTC as a sign of further upside confidence. This patience of long-term investors is being met with persistent institutional demand, evidenced by a net inflow of $2.2 billion into spot Bitcoin ETFs last week. Overall, the data points to BTC transfers from small investors to institutional or high net worth investors.
BTC Onchain em geral
| Métrico | Aumento 📈 | Declínio 📉 | Neutro ➖ |
|---|---|---|---|
| Endereços ativos | ✓ | ||
| Desmembramentos | ✓ | ||
| Derivativos | ✓ | ||
| Distribuição de suprimentos | ✓ | ||
| Reserva de câmbio | ✓ | ||
| Taxas e receitas | ✓ | ||
| Fluxos do minerador | ✓ | ||
| Transação | ✓ | ||
| Atividades com baleias | ✓ |
*The metrics and guidance in the table do not, by themselves, describe or imply an expectation of future price changes for any asset. The prices of digital assets may vary depending on many different variables. The onchain analysis and related guidance are intended to assist investors in their decision-making process, and making financial investments based solely on the results of this analysis may result in harmful transactions. Even if all metrics produce a bullish, bearish or neutral result at the same time, the expected results may not be seen depending on market conditions. Investors reviewing the report would be well advised to heed these caveats.
Aviso legal
As informações, comentários e recomendações sobre investimentos contidos neste documento não constituem serviços de consultoria de investimentos. Os serviços de consultoria de investimento são prestados por instituições autorizadas em caráter pessoal, levando em conta as preferências de risco e retorno dos indivíduos. Os comentários e recomendações contidos neste documento são de caráter geral. Essas recomendações podem não ser adequadas à sua situação financeira e às suas preferências de risco e retorno. Portanto, tomar uma decisão de investimento com base apenas nas informações contidas neste documento pode não resultar em resultados que estejam de acordo com suas expectativas.
OBSERVAÇÃO: Todos os dados usados na análise do Bitcoin onchain são baseados no Cryptoqaunt.
