Bitcoin liquidations remain muted despite market decline
Crypto liquidations stayed relatively small, reaching only about 16% of the peak levels recorded during the market’s worst period over the past 30 days, according to CoinGlass data.
Bitcoin slides to new session lows ahead of Wall Street opening
Bitcoin extended its decline before U.S. markets opened, pressured by a broader risk-off move across global markets.
South Korea’s Kospi index plunged nearly 10%, led by a historic 15% drop in memory chip manufacturer SK Hynix. The sell-off weighed on Nasdaq 100 futures, which fell 1.15%, while Micron Technology (MU) shares declined 5% in pre-market trading.
Investor sentiment was also affected by renewed U.S. military strikes against Iranian targets over the weekend, pushing oil prices up by 3%.
Crypto markets followed the broader downturn, with bitcoin falling to a fresh session low of $62,300, down roughly 3% over the last 24 hours. Other major cryptocurrencies recorded similar declines.
Strive increases bitcoin holdings with 18 BTC purchase
Bitcoin-focused investment firm Strive, led by Matt Cole, added another 18 BTC to its corporate treasury last week.
The purchase lifted Strive’s total bitcoin holdings to 19,900 BTC. The company spent around $1.2 million on the acquisition, with an average purchase price of approximately $64,028 per bitcoin.
The acquisition appears to have been financed through the issuance of additional common shares, with Strive’s outstanding share count rising from 72.946 million to 73.426 million.
ASST shares dropped 2.5% in pre-market trading as bitcoin slipped from above $64,000 on Friday to nearly $62,500.
Bitmine expands Ethereum treasury to 5.77 million ETH
Bitmine Immersion Technologies continued growing its Ethereum holdings, increasing its ETH treasury to 5.77 million tokens last week, according to a company announcement.
Chairman Tom Lee praised the rapid growth of Robinhood Chain, calling its Arbitrum-based Layer 2 mainnet launch one of the biggest crypto developments of 2026.
Lee said the network has already surpassed $1 billion in transaction volume and achieved higher trading activity than other decentralized exchanges, highlighting strong demand for Ethereum-based infrastructure.
BMNR shares declined about 2% in pre-market trading as Ethereum fell toward $1,770 over the weekend.
Strategy boosts cash reserves by $467 million while holding bitcoin steady
Strategy (MSTR) raised approximately $466.7 million through common stock sales last week, according to a Monday SEC filing.
The company’s USD Reserve balance has now reached $3 billion.
Strategy made no adjustments to its bitcoin holdings, which remain unchanged at 843,775 BTC.
MSTR shares fell 3% in pre-market trading as bitcoin weakened toward $62,800.
SK Hynix crashes 15%, sending Kospi into sharp decline
South Korean semiconductor giant SK Hynix suffered its biggest-ever daily decline on Monday, tumbling 15% and pushing the Kospi index down 9%, triggering a temporary market-wide trading halt.
Samsung also dropped nearly 11% during the sell-off.
Foreign investors dumped about 1.7 trillion won ($1.1 billion) worth of Kospi shares, with much of the selling focused on SK Hynix, according to exchange data.
Analysts attributed the decline to profit-taking, concerns over future earnings, and investor rotation into SK Hynix’s newly launched U.S. depositary receipts, which jumped 13% during their debut session.
After joining the $1 trillion market-cap club less than two months ago, SK Hynix’s valuation fell to around $875 billion. Both SK Hynix and Samsung are now down more than 30% from their June highs.
Oil climbs while bitcoin and metals weaken
WTI crude oil gained 3% over the past day, moving above $73 per barrel as the U.S.-Iran conflict continued to weigh on markets.
Bitcoin declined about 1.45%, trading slightly below $63,000.
Meanwhile, precious metals faced heavier selling pressure, with gold dropping 1.5% to just above $4,000 per ounce and silver falling more than 2% to around $58.50.
Bitcoin ETFs attract first weekly inflows in nine weeks
Bitcoin exchange-traded funds recorded their first weekly inflows in nine weeks, bringing in approximately $197 million, according to SoSoValue.
The inflow streak ended eight consecutive weeks of ETF outflows, which saw investors withdraw $2.43 billion in May and $4.5 billion in June.
July’s total net ETF inflows have now reached around $124 million.
TSMC revenue jumps nearly 68% on AI chip demand
Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 67.9% year-over-year increase in June revenue, reaching approximately $13.8 billion, driven by strong demand for advanced AI chips.
The world’s largest contract semiconductor manufacturer, which supplies chips to companies including Nvidia and Apple, recorded first-half revenue of $74.99 billion, up 35.6% from the previous year.
TSMC shares gained 1% on Monday, ahead of its second-quarter earnings report scheduled for July 16.
Bitcoin dips below $63,000 as Asian leverage unwind hits market
Bitcoin slipped to around $62,800 on Monday, down 1.4% over 24 hours after retreating from approximately $64,300 during Asian trading hours, according to CoinDesk data.
The move appeared to be a leverage-driven shakeout rather than a response to a new market catalyst. Bitcoin has remained within a $59,000–$66,000 range for roughly a month.
Liquidations were relatively minor, reaching only about one-sixth of the levels seen during the largest liquidation event of the past 30 days, CoinGlass data showed.
SK Hynix’s sharp decline was driven by separate factors, including profit-taking after its U.S. market debut and investor rotation into its American depositary receipts. The stock has now fallen more than 30% from its June peak despite gaining more than 25 times since late 2022.
Although bitcoin and semiconductor stocks have moved lower together recently, the declines are not directly connected.
Bitcoin continues to trade as a high-risk asset, with investor attention shifting between crypto markets and the booming AI sector. Anchorage Digital analysts estimate that about 30% of bitcoin’s recent weakness has been caused by capital moving into artificial intelligence investments.
Investors are now focused on the upcoming June inflation report on July 14 and the Federal Reserve’s July 28–29 meeting, which could determine the next direction for cryptocurrencies, technology stocks, and other risk assets.
