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Bitcoin (BTC) price analysis: $63,000 level is key

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Bitcoin (BTC) price analysis: $63,000 level is key


Bitcoin has traded between $60,000 and $67,000 for several weeks, making $63,000 one of the most heavily supplied price areas. The only larger concentration sits between $78,000 and $82,000, where bitcoin topped out in May.

Glassnode’s Entity-Adjusted UTXO Realized Price Distribution (URPD) shows how much bitcoin supply last moved within each price band, with each entity’s balance assigned to its average acquisition price. More than 3% of the supply, approximately 515,000 BTC, is concentrated around $63,000, while more than 2%, or roughly 362,000 BTC, sits around $61,000.

Bitcoin is also trading almost exactly in line with its 200-week moving average, which tracks the asset’s average weekly price over the past 200 weeks. The indicator currently stands at $63,657, compared with bitcoin’s price of $63,822, highlighting significant accumulation in this range.

Glassnode’s 30-day Accumulation Trend Score, broken down by wallet-size cohort, shows that retail investors are currently the most aggressive buyers at these prices. Every other cohort is also accumulating, including whales holding at least 1,000 BTC, which are showing similarly strong accumulation.

Accumulation Trend Score by Cohort (Glassnode)



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XRP whales drive 55% of Binance withdrawals – Is $1 floor safe?

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moneyvests
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XRP whales drive 55% of Binance withdrawals – Is $1 floor safe?


Ripple [XRP] lingered just above the $1 mark, while traders remained divided over its August price direction. Despite this uncertainty, whales withdrew more XRP from exchanges than any other holder group.

As retail traders and other market players remained on the sidelines, could whale accumulation push XRP higher?

XRP whale wallets up their buying activity

Daily outflows across the two largest exchanges, Binance and Coinbase, showed a clear accumulation.

For instance, whale wallets that moved over 1 million XRP tokens from Binance accounted for over 55% of all withdrawals. Similarly, sharks who bought between 100K and 1 million XRP accounted for 24.5%.

XRP
Source: CryptoQuant

On Coinbase, sharks accounted for 55.8% of withdrawals, while whales represented another 15%.

The data from both exchanges showed large holders moved considerably more XRP off exchanges than retail participants.

As a result, the Exchange Supply Ratio fell to 0.03, meaning less XRP was available for immediate selling. That reduced potential sell-side pressure and helped XRP remain above $1 after the $1.06 billion token unlock.

Traders remain divided on XRP’s price direction for August

Despite the whale accumulation, traders on Kalshi remain divided about the altcoin’s direction this month.

The chances of XRP rising above $1.10 were higher at 86%, while the odds of trading above $1.20 were 38%. However, 67% of Kalshi traders think that XRP will be trading between $1 and $1.25 by the end of the year.

XRPXRP
Source: Kalshi

On the other hand, there was a 50% chance of falling below $1, and the odds of breaking below $0.90 were 11% in August. There was a 63% chance of having $0.75 as this year’s low.

The price action was in alignment with the bearish bets, with the weekly RSI Divergence hinting at selling. The altcoin was right above $1, with $0.95 as the closest area of interest. This scenario increases the odds of dropping below $0.90.

XRPRippleXRPRipple
Source: XRP/USDT on TradingView

However, holding the top of the two-and-a-half-year range at $0.95 could weaken that bearish scenario. Such a defense could keep XRP between $1 and $1.25.

Kalshi priced the probability of XRP ending the year above $1.25 at around 39%.

Therefore, XRP could remain below $1.25 despite whale accumulation, with prediction markets and price action favoring a wider range.

Final Summary

  • XRP whales accounted for more than 55% of Binance’s daily withdrawals, signaling continued accumulation.
  • Kalshi traders largely expected XRP to end 2026 between $1 and $1.25.



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Arizona Gold & Silver lands C$12 million investment from Evolution Mining

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moneyvests
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Arizona Gold & Silver lands C$12 million investment from Evolution Mining


Arizona Gold & Silver lands C$12 million investment from Evolution Mining Proactive uses images sourced from Shutterstock

Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF, FRA:A9J0) has landed a C$12 million investment from gold major Evolution Mining, which is taking a near-10% stake in the junior to help fund a major drilling push at its Philadelphia Gold-Silver Project in Arizona.

Under the deal, announced Tuesday, Evolution Mining Gold Operations Ltd, a subsidiary of Evolution Mining Limited, will acquire just over 15 million units of Arizona Gold & Silver in a non-brokered strategic private placement at C$0.80 per unit.

Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant entitling Evolution to acquire one common share at C$1 for three years from closing. Evolution is expected to hold an approximate 9.9% equity interest in Arizona Gold & Silver on a non-diluted basis following completion of the investment.

“This strategic investment marks an important milestone for Arizona Gold & Silver,” said Mike Stark, Arizona Gold & Silver’s CEO.

“Evolution Mining is a C$23 billion globally recognized gold producer with an outstanding technical reputation. Its investment reflects confidence in our team, our assets and our long-term vision.”

The company said it plans to use at least 90% of the gross proceeds, approximately C$10.8 million, to accelerate exploration at Philadelphia, with up to 10%, approximately C$1.2 million, allocated to general and administrative expenses. Priority exploration objectives include expanding the Perry Zone, testing the three-kilometer Arabian Fault corridor, evaluating potential beneath Red Hills and advancing the Eastern and Northeastern hyperspectral anomalies.

“Philadelphia is much more than a single-zone opportunity,” said Dr Lex Lambeck, Arizona’s senior vice president of exploration. “We see a large mineralized system with multiple opportunities for discovery. Our goal is to apply district-scale geological thinking, advanced exploration technologies and disciplined drilling to systematically unlock that potential.”

Upon closing, the company and Evolution will enter into an investor rights agreement under which Evolution will have the right to participate in future equity issuances to maintain its pro rata interest, top-up rights in connection with dilutive events, the right to nominate one board member or appoint a board observer, the right to participate in an advisory technical committee, and a first right of refusal over the sale of a 10% or greater interest in the Philadelphia project.



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BMW Beams Ads for New ‘Spider-Man’ Movie Into Cars, Faces Backlash

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moneyvests
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BMW Beams Ads for New 'Spider-Man' Movie Into Cars, Faces Backlash


With great power comes great responsibility, and BMW is using that power to beam “Spider-Man” ads into its cars.

The German auto giant has been showing a banner ad for “Spider-Man: Brand New Day” in cars since late July as part of a brand tie-up with Marvel’s latest blockbuster.

The banner reads “Surprise! Spider-Man just dropped into your BMW!” Tapping the ad triggers a full-screen animation that plays across the Control Display, the main center screen, while the car’s ambient lighting changes color in sync.

The animation follows a BMW driving through a city street as Spider-Man swings overhead. It closes on Spider-Man dragging the BMW logo down the frame, resolving into the end card: “BMW and SPIDER-MAN: BRAND NEW DAY EXCLUSIVELY IN CINEMAS.”

BMW said the animation will run in around 70 markets until August 10 on suitably equipped vehicles with a production date after July 2020.

Its press release described the campaign as a special surprise for drivers as part of its collaboration with “Spider-Man: Brand New Day,” the newest installment in the superhero franchise, starring Tom Holland and Zendaya. Several BMW cars feature in the film, the German automaker said.

Some online were unimpressed by the marketing tactic.

“Wow I can’t believe how disappointing that is,” one wrote under footage posted to the r/BMW subreddit the day the campaign began. “Absolutely not,” said another.

The clip circulated on X and drew similar criticism.

BMW has a long history of movie tie-ups, having collaborated with Marvel before in films like “Black Widow” and “Shang-Chi and the Legend of the Ten Rings.” During the 1990s, BMWs were the main cars used in three consecutive “James Bond” films.

Delivering messages directly to in-car displays is not new.

BMW has sent Christmas and New Year animations to the Control Display for several years, using the same mechanism: a banner at startup, a full-screen animation, backing music, and an ambient light show.

However, while the past animations were devoted to Christmas and New Year greetings from the BMW brand itself, this one promotes a third-party product and ends with a title card that includes details about the movie being shown “exclusively in cinemas.”

BMW said in an emailed statement to Business Insider that the Festive App, where the Spider-Man animation is shown, is “designed to provide customers with optional themed animations and messages linked to a range of global and local occasions. It is not a form of advertising.”

In December 2023, Stephan Durach, the company’s senior vice president for connected company development, was asked whether BMW would sell in-car screen space to run commercials. He said he didn’t see it happening because the cabin is “a private space.”

Much of the criticism of the campaign has cited BMW’s previous plans to launch a heated-seat subscription, which would have seen owners charged a monthly fee to switch on hardware already fitted to cars they had bought outright.

The subscription was dropped in 2023 after a backlash, with executives later conceding the rollout had been handled badly.





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BitGo’s WBTC move pushes LayerZero-to-Chainlink tally near $15 billion

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moneyvests
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BitGo’s WBTC move pushes LayerZero-to-Chainlink tally near $15 billion

Crypto infrastructure firm BitGo (BTGO) is set to replace LayerZero with Chainlink as the exclusive cross-chain provider for wrapped bitcoin (WBTC). The move pushes the value covered by announced LayerZero-to-Chainlink migrations to nearly $15 billion.

The move forms part of a migration wave that started following the $292 million exploit of Kelp DAO’s LayerZero-powered bridge earlier this year, which increased scrutiny of LayerZero bridge configurations. Various other projects, including Mantle, Kelp, Lombard, Solv Protocol, Virtuals, Re and Kraken have since announced moves to Chainlink’s CCIP.

WBTC is a tokenized representation of bitcoin designed to track its value. Unlike native bitcoin, it can be used in decentralized finance applications on other blockchains for trading, lending and collateral.

WBTC currently has a market capitalization of about $7.4 billion, according to CoinMarketCap. Adding it to the $7.24 billion covered by earlier migration announcements takes the total funds moving their cross-chain infrastructure to CCIP to roughly $14.6 billion.

BitGo said it will standardize WBTC deployments using Chainlink’s Cross-Chain Token standard and use CCIP by default for future assets it issues.



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AG Barr expects sales growth despite distribution problems

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moneyvests
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AG Barr expects sales growth despite distribution problems


AG Barr has reaffirmed its full-year profit guidance despite supply chain disruptions that weighed on a strong revenue performance in the UK soft-drinks group’s first half.

In a trading update today (4 August), the Irn-Bru maker said its revenue for the 26 weeks ended 1 August is expected to be around £246m ($330.8m), up 8% on the same period last year.

AG Barr said it was “pleased” with its performance but acknowledged its second-quarter revenue was affected by reduced stock availability.

The disruption was mainly linked to internal supply-chain issues tied to a “capability and capacity change programme” and worsened by external issues related to third party manufacturing, the group added.

AG Barr estimated the problems hit its first-half revenue by roughly £10m. The group will report interim results on 29 September.

The company said it expects an “improved revenue performance” in its second half driven by “market share gains, encouraging innovation performance and supply chain actions”.

It is also forecasting “double-digit percentage revenue growth” for the full year.

Shares in AG Barr were down as much as 6.51% by midday UK time, trading at 603p at 11:43 BST.

The company added its core brands, including Irn-Bru, Rubicon and Boost, are “performing strongly”.

However, “weakness” from Funkin and Barr Brands partly offset the gains elsewhere.

On the M&A front, AG Barr said it completed the integration of UK firms Fentimans and Frobishers during the first half. Operational efficiencies from the deals, announced earlier this year, are expected to start feeding through in the second half.

The group also confirmed its manufacturing investment programme “remains on track and within budget”.

AG Barr CEO Euan Sutherland said: “Consumer demand for our brands is strong, with all core brands gaining market share. The supply constraints which impacted Q2 performance are being resolved and, with strengthening trading momentum driven by our refreshed core brands and new product development, we remain confident for the full year.”

“AG Barr expects sales growth despite distribution problems” was originally created and published by Just Drinks, a GlobalData owned brand.



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Bitcoin wallet wakes after 12.7 years – What happened to its 500 BTC?

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moneyvests
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Bitcoin wallet wakes after 12.7 years – What happened to its 500 BTC?


Dormant Bitcoin wallets are showing fresh signs of life. Despite that, each movement appears to tell a different story.

On one hand, a 500 BTC wallet valued at approximately $31.3 million was activated after being dormant for 12.7 years. The activation is indicative of increased activity among long-term holders.

Source: Whale Alert

That transfer also pushed dormant movements above 935 BTC from wallets inactive for over ten years on the 3rd of August, marking the highest daily level since March. Shortly afterward, another dormant whale moved 16,400 BTC worth roughly $1.04 billion. This wallet made the move after seven months of inactivity.

Source: Arkham

Rather than heading to exchanges, most of those coins moved to a new address, reducing concerns about immediate exchange selling. However, the destination alone does not prove self-custody or a security-related migration.

Concerns surrounding a suspected Coldcard exploit have raised questions about the timing of both transfers. However, wallet-level evidence has not directly linked either movement to the suspected exploit.

Could Coldcard explain the transfers?

That pattern shifts attention from where dormant Bitcoin moved to how those transfers were executed. Rather than flowing toward exchanges, the old UTXOs were consolidated into newly generated addresses while post-transfer activity remained limited.

Those characteristics may resemble historical security migrations, although they do not establish the holders’ motives. The timing has nevertheless drawn additional scrutiny because the movements coincided with concerns surrounding the suspected Coldcard exploit.

Together, these signals increase the plausibility of cautious wallet management. Still, it does not confirm this as the sole reason.

Sustained monitoring of exchange inflows, address reuse, and post-transfer activity will ultimately determine whether security concerns or broader market factors drove these dormant whale movements.

Long-term holder supply stays resilient

The reactivation of dormant Bitcoin wallets carries greater context when combined with broader on-chain data. Long-Term Holder Supply remained stable, but this metric cannot establish where these specific coins moved.

Exchange reserves also remain near 2.7 million BTC, while entity-adjusted inflows have stayed subdued. Together, these signals weaken the case for broad distribution. However, wallet migration alone cannot confirm market intent.

Source: CryptoQuant

Instead, future changes in long-term holder supply and exchange reserves will determine whether these transfers reflect precautionary security measures or the beginning of broader liquidity shifts.

Final Summary



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