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Bankless Co-Founder: Bitcoin May Have Entered a Sideways Phase, Bottom Likely Formed

BlockBeats News, July 16th, Co-founder of Bankless David Hoffman wrote that Bitcoin's current trend is facing two possible paths: a period of consolidation or a final round of capitulation.

He believes that Bitcoin is more likely to enter a consolidation phase, with the bottom likely already in place.

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On-Chain Activity

2h ago

A newly created wallet has deposited 5 million USDC into Hyperliquid and engaged in a 2x long position, storing the value of $1.38 million in Chainlink.

6h ago

The on-chain Meme token TENDIES, on Robinhood, has reached a market capitalization of $17 million, with a 24-hour surge of 422%.

6h ago

Meme coin ANSEM experiences a short-term drop of around 20%, dipping its market cap to $150 million

7h ago

某巨鲸重仓做多一揽子科技半导体股票，浮亏高达<span style="color: #FF0000;">$7.67 million</span>

24H Important News

2026-07-17

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Serenity: Semiconductor Sector May Be Approaching Bottom

Storage Sector Sell-off Deepens, SanDisk Plunges Nearly 11%

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