BTC breaks through the $122000 mark

According to BlockBeats, on July 15th, according to on chain analyst Ai Yi (@ ai_9684xtpa) monitoring, dormant whales holding over 80000 bitcoins continued to transfer 1500 bitcoins to Galaxy Digital. As of press time, the address has cumulatively transferred 18343 bitcoins today.

According to Foresight News, Far Eastern Software (stock code 002063) announced that it held an online investor relations event yesterday, mainly focusing on the layout and development of its blockchain business. Its multiple products and solutions based on blockchain technology, including supply chain finance, electronic documents, etc., have been successfully implemented in multiple power companies. In addition, it also stated that it will continue to increase investment in blockchain business, pay attention to industry and policy trends, and strive to enhance technological innovation and ecological synergy capabilities.

According to Golden Finance, South Korean listed company Bitmax (KOSDAQ: 377030) announced the purchase of 51.06 new bitcoins, bringing its total holdings to 400.25 BTC, continuing to be the largest bitcoin holder among South Korean listed companies. The company previously stated that it is raising an additional 50 billion Korean won to support its continued increase in bitcoin holdings.

OKX-ETH/USDT is currently trading at $2951.45, with a 5-minute increase of 0.05%. Please be aware of market fluctuations.

On July 15th, according to The Kobeissi Letter, an asset can be classified as an "outlier" when it provides a 90% return within a year. However, when an asset provides a compound annual growth rate of 90% over 13 years (Bitcoin), it can no longer be ignored. In addition, due to factors such as the sudden adoption of cryptocurrency by the US government, some conservative funds in the US have started buying, and the "conservative" funds they interviewed have also allocated "1% AUM" to Bitcoin. At present, the estimated asset management scale of US institutions is about $31 trillion. If only 1% of US institutional capital flows into Bitcoin, this could drive the asset to flow into about $300 billion or more. Considering the global institution AUM, we may see over $1 trillion flowing into Bitcoin.