Analyst @ gaah_im pointed out that the momentum whale inflow ratio of Bitcoin has dropped to a new low, reducing selling pressure and bearish sentiment, which is conducive to short-term rebound. （CryptoQuant）

[UBS Releases SemiBytes Bulletin, Semiconductor Sector Enters Divergence Phase] According to Trend Research, UBS released the SemiBytes bulletin on July 20, 2026, assessing that the semiconductor sector is transitioning from broad-based growth to a phase of sharp divergence, with the AI-driven rally continuing. The release of Kimi K3 has spurred the scaling up of open-source models, with longer context windows driving demand for HBM and storage, making NVIDIA the biggest beneficiary. Micron's cumulative free cash flow over the next few years is expected to exceed $400 billion, and the theoretical buyback ratio could surpass 40% once the buyback ban is lifted. Divergence within the analog chip sector has intensified, with AI-exposed stocks commanding a 42x P/E premium. Lam Research, Broadcom, Seagate, Micron, and AMD are in an extremely crowded long position.

Zhongji Xuchuang plans to go public in Hong Kong, offering shares at a maximum of HKD 1010 per share to raise at least USD 8 billion. Zhongji Xuchuang plans to set the issuance price on July 27th and go public on July 30th.

The run has pulled in roughly $727 million, the most sustained stretch of buying since the record outflows of June.

According to Lookonchain monitoring, a Bitcoin OG holding 5000 BTC sold the remaining 1000 BTC worth $65.56 million. The OG obtained 5000 BTC at a cost of $1.66 million for $332 12 years ago, and began selling them on November 26, 2024. Eventually, it sold all 5000 BTC at an average price of approximately $87151, valued at $436 million, with a total profit of $434 million and a return of 262 times.