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According to ChainCatcher, citing CoinDesk, against the backdrop of the ongoing US-Iran geopolitical conflict lasting about six weeks, the Bitcoin market is clearly splitting into two main camps: "passive buyers," represented by Strategy and spot ETF, are continuously accumulating positions, while whales, mining companies, and some sovereign holders have shifted towards selling. The selling side is particularly apparent: whale addresses holding 1,000–10,000 BTC have switched from net buyers to significant net sellers, with their holdings changing from approximately +200,000 earlier this year to -188,000; publicly listed mining companies, under the pressure of high costs, have also concentrated on selling, unloading more than 19,000 BTC in a single week. In addition, sovereign holders such as Bhutan have reduced their Bitcoin reserves by about 70% since October 2024. Analysis points out that despite market sentiment having once reached the extreme fear zone, Bitcoin's price has remained volatile between $65,000 and $73,000, indicating that the price "bottom" is mainly supported by a handful of institutional buyers. The current base of market buyers continues to shrink, and future trends will depend on whether institutional capital inflows can be sustained and break through key resistance levels.

ChainCatcher reports that oracle service Pyth has officially launched the Pyth Data Marketplace and secured support from six major financial institutions as data publishers. The institutions joining include Euronext, Exchange Data International, Fidelity Investments, OTC Markets Group, the FX data business under SGX, and Tradeweb. Previously, these institutions mainly distributed data via traditional data providers and proprietary terminals. Pyth Data Marketplace enables institutions to distribute various proprietary data—including macroeconomic indicators, over-the-counter (OTC) pricing, and foreign exchange benchmarks—while retaining data ownership, pricing rights, and attribution.

Odaily reported via Bloomberg TV live broadcast that most Wall Street analysts expect Michael Saylor's MSTR stock price to more than double this year. The majority of analysts maintain a buy rating and call it the most undervalued company in the world. (The Bitcoin Historian)