Bitcoin liquidations stay limited despite market weakness
Crypto liquidations remained relatively contained, reaching only about one-sixth of the levels recorded during the market’s most intense sell-off over the past month, according to CoinGlass.
Bitcoin hits fresh lows as global markets face renewed pressure
Bitcoin dropped to a new intraday low ahead of the U.S. stock market open as investors moved away from risk assets.
South Korea’s Kospi index plunged nearly 10%, with the decline accelerated by a record 15% sell-off in memory chipmaker SK Hynix. The weakness spread to U.S. technology markets, pushing Nasdaq 100 futures down 1.15% and sending Micron Technology shares 5% lower before the opening bell.
Markets were also pressured by renewed U.S. military strikes on Iranian targets over the weekend, which helped drive oil prices up by 3%.
Cryptocurrencies followed the broader market downturn, with bitcoin briefly falling to $62,300, representing a roughly 3% decline over the previous 24 hours. Other major digital assets also traded lower.
Strive adds more bitcoin, lifting treasury holdings to 19,900 BTC
Bitcoin treasury company Strive, led by Matt Cole, purchased an additional 18 BTC last week, increasing its total bitcoin reserves to 19,900 coins.
The company spent approximately $1.2 million on the acquisition, paying an average price of $64,028 per bitcoin.
The purchase appears to have been funded through common stock issuance, with Strive’s outstanding shares increasing from 72.946 million to 73.426 million.
Shares of ASST declined 2.5% in pre-market trading as bitcoin dropped toward $62,500 after trading above $64,000 the previous Friday.
Bitmine expands ETH holdings to 5.77 million tokens
Bitmine Immersion Technologies continued building its Ethereum treasury, adding more ETH and bringing total holdings to 5.77 million tokens, according to a Monday company update.
Chairman Tom Lee highlighted the rapid adoption of Robinhood Chain, calling the Arbitrum-based Layer 2 network one of the most significant crypto success stories of 2026.
Lee said the network has already exceeded $1 billion in transaction volume and achieved higher trading activity than other decentralized exchanges, reinforcing Ethereum’s role as the foundation for crypto infrastructure.
BMNR shares fell about 2% before the market opened, following Ethereum’s decline toward $1,770 over the weekend.
Strategy raises $467 million while keeping bitcoin holdings unchanged
Strategy (MSTR) strengthened its cash position by raising $466.7 million through common stock sales last week, according to an SEC filing.
The company’s USD Reserve has increased to $3 billion following the capital raise.
Strategy did not make any changes to its bitcoin portfolio, which remains at 843,775 BTC.
MSTR shares slipped 3% in pre-market trading as bitcoin weakened to around $62,800.
SK Hynix plunges 15%, driving major Kospi sell-off
Shares of SK Hynix suffered their steepest-ever one-day decline on Monday, falling 15% and pushing South Korea’s Kospi index down 9%, resulting in a temporary market trading halt.
Samsung shares also dropped nearly 11% amid the broader semiconductor sell-off.
Foreign investors sold roughly 1.7 trillion won ($1.1 billion) in Kospi equities, with SK Hynix accounting for a large portion of the outflows.
The decline was attributed to profit-taking, concerns about future earnings, and investors shifting funds into SK Hynix’s newly launched U.S. depositary receipts, which surged 13% during their first trading session.
Less than two months after reaching a $1 trillion valuation, SK Hynix ended the day valued at about $875 billion. Both SK Hynix and Samsung have fallen more than 30% from their June highs.
Oil gains while bitcoin and precious metals decline
WTI crude oil advanced 3% over the last 24 hours, climbing above $73 per barrel as ongoing U.S.-Iran tensions supported energy prices.
Bitcoin slipped around 1.45%, trading below the $63,000 level.
Gold and silver experienced larger declines, with gold falling 1.5% to slightly above $4,000 per ounce and silver dropping more than 2% to around $58.50.
Bitcoin ETFs see first weekly inflows after nine weeks of outflows
Bitcoin ETFs recorded their first weekly inflows in nine weeks, attracting approximately $197 million, according to SoSoValue data.
The positive flow ended an eight-week stretch of withdrawals that included $2.43 billion in outflows in May and $4.5 billion in June.
July’s bitcoin ETF flows have now turned positive, with net inflows reaching approximately $124 million so far.
TSMC revenue jumps 68% amid AI semiconductor boom
Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 67.9% year-over-year increase in June revenue to approximately $13.8 billion, fueled by strong demand for advanced artificial intelligence chips.
The world’s largest contract chip manufacturer, which produces semiconductors for Nvidia and Apple, generated $74.99 billion in first-half revenue, marking a 35.6% annual increase.
TSMC shares gained 1% on Monday ahead of the company’s second-quarter earnings release scheduled for July 16.
Bitcoin falls below $63,000 in Asian trading leverage reset
Bitcoin declined to around $62,800 on Monday, down 1.4% over 24 hours after sliding from roughly $64,300 during Asian market hours, according to CoinDesk data.
The move appeared to be a routine leverage cleanup rather than a reaction to a major new development. Bitcoin has remained range-bound between approximately $59,000 and $66,000 for the past month.
Liquidation activity was modest, reaching only around 16% of the levels seen during the worst liquidation event of the last 30 days, CoinGlass data showed.
SK Hynix’s stock decline was unrelated to bitcoin’s move, with the semiconductor company facing selling pressure after its U.S. trading debut and investor rotation into its newly listed American depositary receipts.
Despite the recent decline, SK Hynix shares have gained more than 25 times since the end of 2022, though they are now over 30% below their June peak.
Bitcoin and chip stocks have recently moved in the same direction as investors shifted between crypto and artificial intelligence-related investments. Analysts at Anchorage Digital estimate that around 30% of bitcoin’s recent weakness has been linked to capital flowing into AI-focused assets.
Markets are now awaiting the June inflation report on July 14 and the Federal Reserve’s July 28–29 meeting, which could determine whether cryptocurrencies, technology shares, and other risk assets recover or face additional downside pressure.
