Jamie Coutts: Supporting Mike McGlone who was criticized for being bearish on Bitcoin

The price of Bitcoin has risen by 30%, and Willy Woo stated that the increase in new capital inflows without increasing leverage is built on a more solid foundation. （CryptoQuant）

The storage chip sector of the US stock market experienced a pre-market decline, with SK Hynix falling 3.5%, Micron Technology falling nearly 4%, and SanDisk falling over 5%.

CryptoQuant analyst Axel Adler Jr. stated that BTC rose from approximately $63000 to $77000 within 8 days, and the proportion of short-term BTC holders' profit supply increased from 26.1% to 74.9%. The net profit and loss indicator of short-term holders flowing to the exchange has changed from negative to positive, reaching+28600 BTC as of August 24th, breaking through the+25000 BTC level. Axel Adler Jr. pointed out that if the indicator continues to be above+25000 BTC and BTC's upward momentum slows down, the short-term risk of concentrated selling by holders increases; If the indicator falls back to near zero and BTC prices remain stable, the potential selling pressure will ease.

According to security company Salus monitoring, a user lost 550000 USDC by clicking on a Google sponsored advertisement to enter a fake Hyperliquid website. This case uses the theft service infrastructure associated with the Inferno system. The phishing gang is responsible for purchasing advertisements, deploying counterfeit entrances, and providing payment addresses. After successful theft, the backend automatically completes the fund splitting.

According to a post on the X platform by BitcoinTreasures.NET, US President Trump has disclosed that he has sold Strategy stocks worth $16000 to $65000.