Greetings Bitcoiner,

Welcome to Issue #301 of the Bitcoin Breakdown daily newsletter, where we’re rounding up the most talked about developments in the Bitcoin only space from the past weekend with our Quick Bits and Quick Media sections.

But first, today’s Top Stories:

• 🚀 BTC Blasts Past $123K as ‘Crypto Week’ Starts

• ⚖️ Bitcoin's Maturity Means Slower Moon Missions

• 🔥 Trader Torched $300M in 3 Hours Shorting Bitcoin

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Jul 14, 2025

TODAY’S TOP STORIES

🚀 BTC Blasts Past $123K as ‘Crypto Week’ Starts

Bitcoin ripped to a fresh record above $123,000 as Washington looks ahead to a potentially big week of legislative change for the industry with key votes on the agenda. Traders are front running House votes on three blockbuster bills: the Clarity Act to finally draw lines for digital assets, the Genius Act to let giants like Amazon mint dollar pegged stablecoins, and the Anti CBDC Act to muzzle surveillance money. Financial Times

⚖️ Bitcoin's Maturity Means Slower Moon Missions

As Bitcoin keeps on hitting new ATHs, some warn the party's changing. As sophisticated traders flood in through ETFs and options markets expand, volatility has dropped from 100% in 2021 to just 29.5% today. The days of 2,360% yearly gains are likely over as institutional money and mature trading strategies create steadier, slower climbs upward. Decrypt

🔥 Trader Torched $300M in 3 Hours Shorting Bitcoin

Crypto trader Qwatio got absolutely rekt, losing over $300M in just three hours after Bitcoin surged to a record $123K, liquidating his massive short positions. The trader lost 1,743 BTC worth $211M, 33,743 ETH valued at $102.3M, and 15M FARTCOIN worth $20.6M. This wasn't his first rodeo: he suffered similar liquidations just two days earlier, proving that fighting Bitcoin's bull run rarely ends well. Just stay humble and stack sats, guys. Finbold

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QUICK BITS

• S&P 500 Index hits record high but remains down 15% in Bitcoin terms this year.

• Glassnode data shows Bitcoin supply is tightening as smaller investors accumulate $2.36B worth of BTC monthly, while miners issue only $1.64B, creating measurable supply side pressure.

• Analyst warns (Micro)Strategy's $71B Bitcoin position creates Bitcoin's biggest liquidation risk, with 3% of total BTC supply potentially triggering market cascade worse than Mt Gox collapse.

• Blockware Intelligence, the research arm of Bitcoin mining company Blockware Solutions, predicts 36 more public companies will add Bitcoin to their balance sheets by year end 2025.

• Czech National Bank, the central bank of the Czech Republic, adds $18M worth of Coinbase shares to its portfolio.

• Judge presiding over the Southern District of New York federal court expresses skepticism about government's jurisdiction claims in Roman Storm Tornado Cash case before denying defense motion to dismiss.

• US prosecutors mistakenly attribute CoinDesk journalist's Telegram message to Tornado Cash developer Alexey Pertsev in Roman Storm's money laundering trial, raising concerns about evidence integrity.

• Bloomberg analyst Eric Balchunas criticizes 'gold maximalists' for refusing to acknowledge Bitcoin's record breaking performance, as BTC hits new all time highs while outpacing gold by 140% year to date.

• BlackRock's Bitcoin Trust (IBIT), the world's largest Bitcoin ETF, becomes fastest fund in history to surpass $80B in assets under management within 374 days of launch. bitcoin etf ibit becomes fastest

• (Micro)Strategy acquires another 4225 BTC worth $472.5M, taking its total holdings to 601,550 BTC.

• Bhutan's government transfers $74M in Bitcoin to Binance through its investment arm Druk Holding, as Bitcoin hits new ATHs.

• Bitcoin devsdevelopers push for controversial BIP-119 upgrade approval by year-end to enable covenants on Bitcoin.

• 10x Research head Markus Thielen says Bitcoin's rally to $121,000 reflects its evolution into a macro hedge against US fiscal irresponsibility, with a potential $7T deficit swing driving institutional adoption.

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QUICK MEDIA

• Steve Lee of Spiral, in an appearance on Presidio Bitcoin's PBJ podcast, discusses how threatening OP_RETURN messages claiming legal ownership may have caused the recent 80,000 BTC move, raising concerns about potential legal attacks on the Bitcoin network (Jul 11 | 7:02 min watch). 

• Adam Livingston, financial entertainer and author of 'The Great Harvest', introduces a framework for identifying optimal Bitcoin treasury companies, focusing on size, access to capital, strategic timing, advantageous jurisdiction, and reflexivity to maximize value and undermine the fiat system (Jul 13 | 12:29 min watch). 

• Fold CEO Will Reeves, in an appearance on CNBC's 'Fast Money' show, argues that bitcoin's reputational risk has largely disappeared, as it reaches new all time highs above, discussing expectations for its performance in the second half of the year (Jul 12 | 4:53 min watch). 

• Roger Huang, author of Would Mao Hold Bitcoin?, speaking at the BTC Prague 2025 conference, argues that China's sophisticated surveillance state and repeated Bitcoin bans have paradoxically strengthened the Bitcoin network by effectively 'red teaming' it, demonstrating Bitcoin's resilience against even the most capable adversaries (Jul 11 | 17:14 min watch). 

• Hector Alvero, COO of Rhino Bitcoin App, explains how Jack Dorsey's Bitchat lets users communicate privately without internet access and even send and receive bitcoin offline, in disaster zones or blackouts (Jul 12 | 1:26 min watch). 

• Knut Svanholm and Eric V Stacks explore how Bitcoin advocates can be more effective by demonstrating the positive impact of Bitcoin on their lives rather than engaging in direct arguments, focusing on financial freedom and mindset shifts away from fiat currency systems (Jul 13 | 7:44 min watch).

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