Original | Odaily Planet Daily ( @OdailyChina )
Author: Wenser ( @wenser 2010 )
When I woke up, BTC hit a new high again!
At around 4 am today, the price of BTC rose to $112,000, setting a new historical high. The price is currently around $111,240. ETH also reversed its downward trend and rose above $2,700. The price is currently at $2,782, with a 24-hour increase of nearly 7%. SOL also rebounded to nearly $160. The price is currently at $158, with a 24-hour increase of more than 4%.
The arrival of this new high also forced the market to ask the old question again: When will the copycat season come? In this article, Odaily Planet Daily will sort out the driving factors behind the recent rise and the representative market views.
The macro environment stabilizes, and the impact of Trumps tariff war decreases
At the macro level, with the ceasefire between Iran and Israel and the phased end of Trumps tariff war, the crypto market and even the global economic environment are in a stabilizing stage, which provides certain support for the price recovery of mainstream cryptocurrencies such as BTC and ETH.
The tariff war was postponed, and market panic was greatly alleviated
On July 9 , US President Trump published letters on the social media platform Truth Social to the leaders of eight countries regarding additional tariffs, including Brazil, the Philippines, Brunei, Moldova, Algeria, Iraq, Libya and Sri Lanka. Among them, Trump said that Brazil will be subject to a 50% tariff, Libya, Iraq, Algeria and Sri Lanka will be subject to a 30% tariff, Brunei and Moldova will be subject to a 25% tariff, and the Philippines will be subject to a 20% tariff. The new tariffs will take effect from August 1. Trump has sent tariff letters to 22 countries.
Institutional view: Markets are not panicking about Trumps tariffs
Analysis agency Jyske Markets believes that on the eve of the July 9 deadline for US tariff negotiations, the market showed some nervousness, but no panic. Jyske said that investors started the week with a wait-and-see attitude. Trump said that tariff letters will be sent as early as Monday to notify countries of the new tariffs, while the US Secretary of Commerce said that the tariffs will not take effect until August 1. Although there is some nervousness today, the market seems to be much more relaxed in its response to the tariff situation, so the panic situation after Liberation Day on April 25 is not expected to be repeated.
Institutional view: Trumps postponement of tariff increase leads to delayed impact
Paul Donovan, chief economist at UBS, said that Trumps postponement of the tariff increase to August 1 may mean that the impact of these new tariffs on prices will not be fully apparent before Christmas, but will be postponed to 2026. He pointed out: Considering that retailers usually prepare for Christmas in advance, and the goods need to go through the entire supply chain process from production to shelf, even if the tariffs are implemented now, the time when consumers really feel the price increase may be later. This will undoubtedly reduce some of the impact on American consumers in the second half of the year. Avoiding the cost pressure brought by tariffs during the year-end shopping season will help the White House avoid negative news.
In other words, just like the story of the boy who cried wolf, when a story is spread many times, its deterrent effect will naturally diminish. The panic-inducing impact of the tariff war on the crypto market and even the global economy has been greatly reduced.
At the same time, the successful passage of the Big and Beautiful bill may further force the Federal Reserve to push for interest rate cuts as soon as possible to alleviate downward economic indicator data.
After the first stablecoin stock, listed companies are accelerating their plans to hoard coins
On the other hand, the market environment is very different from the previous one. Since the successful listing of Circle, the first stablecoin stock, and its 10-fold increase, the traditional financial markets acceptance of cryptocurrencies and its expectations for market-to-market ratios have increased significantly, which has further accelerated the listed companies plans to hoard coins. In addition, in addition to established BTC hoarding companies such as Strategy, more and more listed companies have shifted their hoarding targets to copycat cryptocurrencies such as ETH, SOL, and even HYPE. The emergence of securities tokenization platforms such as xStocks and MyStonks has also provided many bridges for the deep coupling of traditional financial markets and cryptocurrency markets. The liquidity of funds in the TradFi and DeFi ecosystems is expected to usher in another wave of integration.
Last week, the total net inflow of BTC allocation by listed companies worldwide was US$275 million
According to SoSoValue data , as of July 7, 2025 Eastern Time, the total weekly net inflow of Bitcoin allocated by global listed companies (excluding mining companies) last week was US$275 million.
Strategy (formerly MicroStrategy) did not buy Bitcoin last week, after increasing its holdings for 13 consecutive weeks.
Metaplanet, a Japanese listed company, continued to make large purchases last week, investing a total of US$238.7 million and increasing its holdings by 2,205 BTC at a price of US$108,237, bringing its total holdings to 15,555 BTC; the amount of purchases in a single week has continued to expand recently.
British digital advertising company The Smarter Web and French Web3 service company Blockchain Group also made large purchases last week. The Smarter Web invested $23.9 million to increase its holdings by 230.05 bitcoins at a price of $103,895, bringing its total holdings to 773.58 bitcoins; Blockchain Group invested $12.33 million to increase its holdings by 116 BTC at a price of $106,294, bringing its total holdings to 1,904 BTC.
In addition, on July 1, the U.S. catering company DayDayCook (U.S. stock code: DDC) announced the completion of its first round of financing, obtaining US$53 million. The remaining amount of the current financing plan is US$475 million (including US$275 million convertible bond financing and US$200 million equity financing). The company plans to use the net proceeds from this issuance to purchase Bitcoin.
As of press time on July 7, the total number of Bitcoins held by global listed companies (excluding mining companies) in the statistics is 666,220 BTC, with a current market value of approximately US$72.3 billion, accounting for 3.35% of the total market value of Bitcoin.
In addition, the list of listed companies’ BTC reserve plans continues to grow this week.
New York Stock Exchange-listed company Genius Group announced that it has increased its original Bitcoin treasury reserve target of 1,000 BTC by 10 times, and plans to purchase 10,000 BTC within 12-24 months. Genius Group also stated that the company has achieved a 74% BTC yield between May 22, 2025 and July 4, 2025.
BitcoinTreasuries.NET published an article stating that Australian listed company DigitalX will acquire $20.7 million worth of BTC, a move that will allow the company to jump to 50th place in the BTC TOP 100 list.
Japanese listed company Remixpoint announced that it has raised about 31.5 billion yen (about 215 million U.S. dollars) through financing, and plans to use all the funds to purchase Bitcoin. The company currently holds 1,051 BTC, and the near-term goal is to increase its holdings to 3,000. The company said that this move is based on a firm belief in the future of Bitcoin and the results of long-term internal discussions.
According to the official announcement , the Swedish H100 Group raised an additional 516 million Swedish kronor (about 54 million U.S. dollars) by executing the sixth and seventh rounds of financing (previously announced on June 16, 2025). The proceeds will be used to promote investment opportunities within the framework of the Bitcoin Reserve strategy. So far, the groups total cumulative financing has reached 921 million Swedish kronor (96 million U.S. dollars), a significant increase from the previous 405 million Swedish kronor (42 million U.S. dollars).
ETH becomes a new target for listed companies to hoard coins
On July 9, BTCS Inc. (NASDAQ: BTCS), a company focused on blockchain technology, announced that it would increase its financing target to $225 million to accelerate the companys hoarding strategy on Ethereum.
According to OnchainLens, Sharplink Gaming recently increased its holdings by 5,072 ETH, which is worth about $13.51 million at the current price. The company currently holds more than 210,700 ETH, with a total value of more than $585 million.
On July 2, Nasdaq-listed Bit Digital said that due to the exercise of the over-allotment option by the underwriters, an additional 11.25 million shares were purchased from the public offering last week, and the company raised an additional $21.4 million to support its Ethereum reserve plan. After the over-allotment option was fully exercised, the total issuance size of this transaction increased to 86.25 million shares, and the net amount of funds raised was approximately $162.9 million. Bit Digital will use this fund to purchase Ethereum and promote strategic transformation, gradually withdrawing from the Bitcoin mining business. In June of this year, the company, which is involved in both mining and staking businesses, announced that it would gradually shut down its Bitcoin mining business and focus on the Ethereum field.
For more potential positives for ETH, please refer to the article The five major rising logics are becoming clearer, and ETH may usher in a structural reversal.
Data indicators highlight that ETH has entered the stage of whale accumulation
Glassnode data shows that whales holding at least 10,000 ETH are accelerating their holdings, even faster than the level before ETH rose 95% in mid-2022.
As of Monday, the total amount of ETH held by these whales has rebounded from the historical low of 37.56 million in October 2024 to 41.06 million, an increase of 9.31%. This growth rate is almost twice that of May to September 2022 (when the price of ETH rose from about $1,000 to $1,950). A similar situation occurred from November 2020 to January 2021, when whales increased their holdings by 4% and the price of ETH soared from $460 to $1,220.
History shows that whales often start to accumulate before the market fully starts. Glassnode data shows that the $2,500-2,536 range is the strongest accumulation area in recent times, with the cost price of more than 3.45 million ETH concentrated here, forming a key support level.
At the same time, traditional financial institutions have also started to expand the process of mainstreaming cryptocurrencies through channels such as credit card points.
Japanese Financial Institution SBI Allows Users to Redeem Credit Card Points for BTC, ETH, and XRP
Recently , Japanese financial institution SBI allows users to exchange its APLUS credit card points for BTC, ETH and XRP, which means that Japanese credit card users can now convert loyalty points into cryptocurrencies through SBI VC Trade and APLUS. It is understood that 2,100 points can be exchanged for cryptocurrencies equivalent to more than 2,000 yen.
This move can be regarded as another landmark event in which crypto payments have entered the homes of ordinary people after stablecoin payments.
BTC ETF and ETH ETF continue to see net inflows
According to Lookonchain , 10 Bitcoin ETFs had a net inflow of 718 BTC (about 78.23 million USD) yesterday, of which iShares (BlackRock) had an inflow of 613 BTC and currently holds 700,920 BTC (about 76.33 billion USD). 9 Ethereum ETFs had a net inflow of 11,803 ETH (about 31.25 million USD), iShares had an inflow of 9,684 ETH and currently holds 1,836,453 ETH (about 4.86 billion USD).
Hong Kongs crypto regulatory policy is relaxed, which may usher in a new round of bull market development
Hong Kongs crypto regulatory policies are also gradually being relaxed, injecting new impetus into the development of the cryptocurrency market.
On the one hand, the Stablecoin Regulatory Draft is ready to be launched, and many stablecoin concept stocks and cryptocurrency companies will usher in a new round of opportunities; on the other hand, a number of local Hong Kong securities firms have obtained crypto trading compliance licenses, facilitating further capital inflows into the crypto market.
According to sources, many local brokerages in Hong Kong (such as Shengli Securities, Aide Securities, etc.) have completed the No. 1 license upgrade, and Guotai Junan International is not the only Chinese brokerage to apply for such a license. In the future, more institutions may enter the market for compliant crypto trading services. The business carried out by the above-mentioned brokerages is a distribution trading service, not a proprietary exchange model. It mainly provides compliant trading channels for mainstream currencies such as BTC and ETH by setting up an omnibus account in a licensed exchange, and does not involve high-risk altcoins. At present, the compliance requirements of these brokerages in terms of customer due diligence, suitability management and investor education are basically the same as those of Guotai Junan International, and all prohibit residents of mainland China from participating.
A list of representative market views: $115,000 is a signal of BTC acceleration, and crypto stocks may lead the altcoin season
At present, as the price of BTC breaks through a new high, the markets view on the future market is mainly bullish, but there are still some differences as to whether the altcoin season can come soon.
Trader Eugene: BTC breaking through $115,000 will confirm the acceleration signal
Trader Eugene wrote that Bitcoin has not yet completely emerged from the risk zone, and the real acceleration signal requires waiting for the price to directly break through $115,000 with high trading volume.
DWF Partner: Bitcoin and crypto-related stocks may hit new highs, and some altcoins will follow suit
Andrei Grachev, managing partner of DWF Labs, said in a post that the approval of the Big and Beautiful Act, seasonal market activity in the fourth quarter, and potential interest rate cuts will push Bitcoin and crypto-related stocks to new highs. The altcoin market may partially follow the rise, but most medium-sized currencies are expected to underperform Bitcoin, and the opportunity has come again.
Analyst: Altcoin and institutional Bitcoin hot money is flowing into Bitcoin treasury companies and crypto-related stocks
Analyst Scott Melker wrote last month that “currently, hot money from altcoins and institutional Bitcoin is flowing into Bitcoin Treasury Strategy companies and crypto-related stocks. In the future, this money may flow into Wall Street tokenization plans.”
Bloomberg analyst: The U.S. SEC may approve multiple altcoin ETFs in the second half of 2025
Earlier this month, Bloomberg ETF analyst James Seyffart released a forecast of the approval probability of crypto spot ETFs by the end of 2025, indicating that a new wave of ETF approvals will come in the second half of 2025. Among them, LTC, SOL and XRP have a 95% chance of approval, while DOGE, HBAR, Cardano, Polkadot and Avalanche are expected to have a 90% chance of approval. SUI is expected to have a 60% chance of approval, while Tron/TRX and Pengu are expected to have a 50% chance of approval.
