Bitcoin (BTC) experiences volatile short-term fluctuations, temporarily around $63,780 as of July 13. The Bank of Thailand requires that individual cash deposits exceeding 5 million baht must prove their source of funds and has strengthened monitoring of stablecoin trading. Pakistan’s crypto-asset regulatory authority met with scholars who issued a decree banning digital assets, and believes that stablecoins, tokenized assets, and unsecured tokens should be evaluated separately.
Macro Events & Crypto Market Hotspots
- According to local Thai media reports, when Thailand requires individuals to deposit cash exceeding 5 million baht (about $150,000), they must verify the source of the funds. This intervention expands compliance responsibilities for commercial banks in cash networks, large-denomination currency exchanges, precious metal trading, and suspicious stablecoin transactions, directly preventing regulated entities from fostering systemic corruption or the shadow economy.
Additionally, the Bank of Thailand and the Securities and Exchange Commission (SEC) jointly conduct audits, focusing on Tether (USDT) to identify and stop illegal capital flows. This crackdown also includes strengthening control over precious metal trading, requiring banks to report suspicious patterns such as rapid digital purchases and same-day cash withdrawals of physical items to combat money laundering activities.
- According to a report by Cryptopolitan, Pakistan’s crypto-asset regulatory authority met with scholar Mufti Taqi Usmani, who previously claimed that, under Islamic law, it is not permissible to use cryptocurrencies to buy goods or services.
Bilal bin Saqib, chairman of the Pakistan Virtual Asset Regulatory Authority (PVARA), believes that stablecoins, tokenized assets, and unsecured tokens should be judged separately rather than grouped together. Pakistan’s new licensing regulations require digital assets to comply with Islamic law.
News Updates
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Hackers who infiltrated SpaceXAI and Starlink’s official X accounts made profits of $135,000
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SpaceXAI and Starlink’s official X accounts were allegedly hacked; after reposting a meme coin, a rug pull occurred. The current tweets have been deleted.
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The Bank of Thailand requires that individual cash deposits exceeding 5 million baht prove their source of funds and has strengthened monitoring of stablecoin trading.
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A Bitcoin whale that had been inactive for seven years transferred 2,931 BTC, worth about $188 million.
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A whale deposited $107 million in assets on HyperLend, borrowed $70.94 million, and staked HPL to reduce fees.
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Fidelity: Bitcoin enters a long-term value observation zone; short-term reversal still requires liquidity to return.
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Serenity: Amplifying technical details—shorting tech giants is evolving into a new traffic strategy.
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CZ donation address to burn 700 million CZ and 400 million TCC.
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CryptoQuant: For Bitcoin, buying pressure from short-term holders still dominates; although ETF funds have returned, a trend reversal cannot be confirmed.
Market Trend
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Latest Bitcoin news: $BTC experienced violent short-term fluctuations, temporarily around $63,780; in the past 24 hours, $26.87 million was liquidated, with long positions leading the main liquidations.
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All three major U.S. stock indexes closed higher on July 10. The Dow Jones Industrial Average rose 149.48 points, or 0.28%, to 52,636.89. The S&P 500 increased 31.65 points, or 0.42%, to 7,575.29. The Nasdaq Composite gained 74.72 points, or 0.29%, to 26,281.61.
(Source: BitcoinCounterFlow)
- In Bitcoin’s liquidation map, using the current 63,750 USDT as the reference point: if it drops to around $62,070, the total long liquidation amount will exceed $48 million; if it rises to around $65,790, the total short liquidation amount will exceed $39 million. The short-side liquidation is lower than the long-side; it is recommended to reasonably control leverage ratios to avoid triggering large-scale liquidations during market moves.
(Source: Coinglass)
- In the past 24 hours, BTC spot inflows were $1.02 billion, outflows were $1.06 billion, resulting in a net outflow of $40 million.
(Source: Coinglass)
- In the past 24 hours, \$ETH, \<a data-currency='ZEC' href='/futures/USDT/ZEC_USDT'>$ZEC , \$DEXE, \$EVAA, $T , and other contract trades led with net outflows, indicating potential trading opportunities.
Selected Views from X KOLs
Phyrex Ni (@Phyrex_Ni): “Right now, the price of CLUSDT is already $73.7. The probability that the CME opens on Monday and pushes up to $75 is still quite high. Unless Trump does something with TACO in the last few hours, I have placed short orders at both $75 and $78. Friday’s close was $71, so Monday probably won’t be wildly higher. It feels like the $78 price may not get filled, but I’ll leave it there. I closed out my previous short position by 80%—I was just worried about Monday’s rebound.”
“Some escalation between the U.S. and Iran happened over the weekend; mainly it’s still centered around the Strait of Hormuz. This time, I really think Iran is overdoing it—always wanting to charge fees for Hormuz. That’s the behavior of a rogue and a robber. If they really move to a full-scale fight, the probability that oil prices return to $90 is also possible. But if it’s still just mutual provocations, around $80 should be about right.”
“Let’s wait and see. From my personal perspective, I still don’t think the U.S. and Iran are willing to re-enter a full-scale war—especially for the U.S. right now. Unless it’s a lightning war, it’s bad for inflation and the mid-term elections. Hope for world peace.”
“On Sunday, Bitcoin didn’t seem to be affected by the U.S.-Iran conflict, which is quite difficult to predict. In the past, $BTC as the front station usually drops first out of respect; investors’ confidence around $60,000 is still fairly strong. The $61,000 buy and $65,000 sell orders posted on Friday should have successfully captured the options premium.”
Today’s Preview
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China’s June-end M2 money supply (year-on-year); prior value was 8.6%
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OPEC releases its monthly oil market report
