BTC price loses 200-week trend line as 2022 repeats: Five things to know in Bitcoin this week
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Current funding rates on major CEXs and DEXs indicate a weakening bearish trend for BTC and ETH, with market sentiment leaning towards neutral to weak.
According to BlockBeats, on July 5th, data from Coinglass shows that current funding rates on major CEXs and DEXs indicate a slight weakening of the bearish trend for BTC and ETH compared to before, but most platforms have not yet formed a sustained bullish signal. Specifically, BTC funding rates are around the 0.0100% baseline on multiple platforms, showing an overall neutral to weak trend. For ETH, funding rates on multiple platforms have exceeded the 0.005% threshold, indicating a slightly stronger recovery in long for ETH than for BTC, but a comprehensive bullish signal has not yet formed. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain a balance between contract prices and the price of the underlying asset, typically applicable to perpetual contracts. It is a mechanism for exchanging funds between long and short traders; the trading platform does not charge this fee. It is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the price of the underlying asset. A funding rate of 0.01% represents the benchmark rate. A funding rate greater than 0.01% indicates a generally bullish market sentiment. A funding rate less than 0.005% indicates a generally bearish market sentiment.
Market Outlook for Next Week: Fed and ECB Meeting Minutes Released, Market Focuses on Interest Rate Hike Path and Gold Price Movement
Mars Finance reports that on July 5th, global markets will see the release of the Federal Reserve's June meeting minutes, the European Central Bank's meeting minutes, and several important economic data releases next week. The market will focus on the Fed's latest assessment of inflation and interest rate paths, as well as US services PMI and initial jobless claims data. Gold may maintain range-bound trading in the short term. Key points to watch include: • Federal Reserve Meeting Minutes: Released early Thursday morning Beijing time, the market hopes to glean more details about the first meeting chaired by new Fed Chairman Warsh to determine if there is still room for rate hikes by the end of the year. The interest rate market has largely priced in a 25 basis point rate hike in December and believes there is a certain probability of an earlier move in October. • Fed Officials' Speeches: Officials such as Williams, Logan, and Waller will deliver speeches, and the market will focus on whether they will adjust their hawkish stance due to recent weak non-farm payroll data. • European Central Bank Minutes: Released on Thursday, investors will focus on the European Central Bank's latest assessment of economic growth, inflation, and subsequent monetary policy. * **Reserve Bank of New Zealand Interest Rate Decision:** The market expects an approximately 80% probability of a 25 basis point rate hike; attention will be focused on whether it delivers on its previous hawkish guidance. * **Important Economic Data:** Data including the US ISM Non-Manufacturing PMI, the final S&P Global Services PMI, EIA crude oil inventories, and initial jobless claims will be released successively, providing new clues for the market to assess the US economic and interest rate outlook. * **Gold Outlook:** HSBC believes that with real interest rates remaining high and the US dollar relatively strong, gold may maintain range-bound trading in the short term, but central bank gold purchases, ETF inflows, and the global trend of de-dollarization still support its medium- to long-term upward trend. * **Earnings Season Begins:** PepsiCo, Delta Air Lines, Levi's, and other companies will be among the first to release their second-quarter results. The market will focus on consumer demand, profit margins, and full-year earnings guidance, serving as a warm-up for the mid-July bank earnings season.
Bitcoin remains in a downtrend on the weekly chart; watch for opportunities at $68,000 and oversold projects.
According to Mars Finance, Jack Yi stated that Bitcoin is currently in a downtrend on the weekly chart, and in the short term, attention should be paid to whether it can effectively break through $68,000. He believes that only a strong move above $68,000 could lead to a significant reversal; if the breakout fails, the price may retest the bottom, and the risk of falling below $47,000 should be noted.
Bitcoin defied the trend and broke through $64,000; "Moji" took the opportunity to add to his long positions, and his weekly profit has exceeded $400,000.
According to BlockBeats, on July 7th, Bitcoin initially fell but then rebounded overnight following the negative news of Strategy's historic sell-off of 3588 BTC, briefly breaking through $64,000 this morning and leading a rebound in major cryptocurrencies. According to HTX market data, as of press time, Bitcoin was trading at $64,007.31, up 0.81% in the last 24 hours, while Ethereum was trading at $1797, up 0.51% in the last 24 hours. Furthermore, according to HyperInsight monitoring, "Maji" has been continuously adding to his positions during the market rebound, and his Ethereum long positions have now reached $17.08 million, with a liquidation price of $1765.32. However, amidst the strong market rebound, Maji has already made over $400,000 in profit in the past week.
Strategy sold over $200 million worth of BTC in a single week, while Metaplanet made its first BTC purchase in ten weeks.
According to data from SoSoValue, as of 8:00 AM Odaily on July 6, 2026, the total net purchase of Bitcoin by global listed companies (excluding mining companies) last week was $10.57 million, a decrease of 27.85% compared to the previous week. Strategy (formerly MicroStrategy) sold 1,363 bitcoins for approximately $80.8 million on June 30, at an average price of $59,256, reducing its holdings to 846,000 bitcoins; on July 5, it sold another 2,225 bitcoins for approximately $135 million, at an average price of $60,773, further reducing its holdings to 843,775 bitcoins. For the first time in 10 weeks, Japanese listed company Metaplanet announced an investment of $225 million to purchase 2,823 bitcoins at a price of $79,664, bringing its total holdings to 40,177 bitcoins. In addition, two other companies purchased Bitcoin last week. Brazilian Bitcoin company OrangeBTC announced on July 5th that it purchased 1 Bitcoin, the exact amount of which was not disclosed, bringing its total holdings to 3,897 Bitcoins. Asset management company Strive announced on July 6th that it spent $1.68 million to purchase 17.76 Bitcoins at a price of $64,761, bringing its total holdings to 19,882 Bitcoins. As of press time, the total number of Bitcoins held by listed companies worldwide (excluding mining companies) is 1,141,812, a decrease of 0.04% compared to last week. The current market value is approximately $70.3 billion, accounting for 5.7% of Bitcoin's circulating market capitalization.
Michael Saylor: If Bitcoin's long-term price increase exceeds 3.3%, BTC capital gains could fund STRC dividends indefinitely.
According to ChainCatcher, Bitcoin Treasuries.NET posted on the X platform that Strategy's Michael Saylor stated that if Bitcoin's long-term price increase exceeds 3.3%, BTC capital gains can fund STRC dividends indefinitely. Even if BTC's annual price increase is 0%, Strategy will still have dividend funds for 31 years.