According to CoinDesk, Fidelity's Global Macro Director Jurien Timmer stated that Bitcoin is nearing the lower support line of its long-term power-law price model, with its current position approaching the historical support range of approximately $58,000. The model indicates that Bitcoin's deviation from the trend line has entered an accumulation zone that previously corresponded to the lows of 2018 and 2022. Jurien Timmer pointed out that Bitcoin's speculative premium has largely dissipated, global monetary supply growth is slowing, and the market lacks liquidity catalysts to drive a reversal. Bitcoin is more likely to consolidate near the support line for several months.

CryptoQuant analyst Axel Adler released a report stating that the buying and selling pressure on short-term holders of Bitcoin has slightly cooled, and the buying power remains ahead. The ETF market recently recorded a net inflow of $197.4 million, but this size is not enough to confirm a reversal in institutional demand trends, and the market's capital momentum is still weak.

The Token Expenditure Price Index fell to 1.6417 last Friday. After hitting a new low since April at the beginning of this month, the index has recently rebounded and turned into a volatile one. It has not yet shaken off the downward trend since the end of May. The burning speed of AI companies has slowed down, but it is still at a high level compared to the end of last year. Token price data comes from top global AI models such as OpenAI, Anthropic, DeepSeek, etc.

Ripple supports the UK's new tokenization strategy and points out that tokenizing wholesale markets could increase economic output by £ 33 billion annually by 2035. （Cointelegraph）

Bitcoin has recently fallen to around $62000 due to the impact of the US Iran conflict, and some analysts predict that the bear market may end in September to October this year. Trader Ryker expects Bitcoin to rise in September or October, while trader Jelle points out that weekly "death crosses" typically occur at the end of bear markets. The key resistance level for Bitcoin is $64000, and if it cannot break through or fall back to $57800. This week, the market will receive June CPI and PPI data from the United States, as well as testimony from Federal Reserve Chairman Kevin Walsh to Congress. The US Iran conflict and the situation in the Strait of Hormuz have pushed up inflation expectations. According to CryptoQuant data, medium-sized coin holders holding 100 to 1000 BTC sold approximately 67000 BTC on July 13th, setting a record for the largest distribution since February of this year. AI interpretation: The June CPI data in the United States directly determines the subsequent monetary policy path of the Federal Reserve. The volatility of inflation data directly impacts the risk appetite of the cryptocurrency market, and high inflation expectations will suppress the liquidity premium of Bitcoin. The sensitivity of the market to inflation determines the pace of capital switching between safe haven and risky assets. The release of this macro indicator is the core variable that affects the short-term price trend of Bitcoin, directly influencing the holding decisions of institutional investors.