BTCC Crypto Daily (7.4)｜Strong NFP Data Pressures Fed, Bitcoin Faces Resistance at $110K
By:C, Fiona1.Overview
- U.S. nonfarm payrolls far exceeded expectations, markets no longer anticipate a July rate cut
- U.S. House of Representatives to establish “Crypto Week” in mid-July
- Ethereum NFT on-chain sales totaled only $100M in June, marking a multi-year low
2.Macro & Policy Outlook
Key Events Today
- Central Bank of Russia hosts St. Petersburg Financial Conference
- Eurozone May PPI YoY (previous: 0.7%)
- Trump to finalize terms of the “Big and Beautiful Bill”
Global Macro Developments
1.U.S. Nonfarm Payrolls Exceed Forecasts, Market Pulls Back on July Rate Cut Expectations
U.S. nonfarm payrolls grew by 147,000 in June, well above both May’s 144,000 and the 110,000 forecast. The stronger-than-expected data shows the labor market remains resilient amid uncertainties from the Trump administration’s trade and immigration policies. Treasury Secretary Bessent commented, “We are currently at a very high level of real interest rates. If the Fed doesn’t cut this time, the September cut may be larger.”
2.UK and Singapore Sign AI & Tokenization Cooperation Agreement
Officials from the UK and Singapore met in London this week for the 10th UK-Singapore Financial Dialogue, agreeing to deepen collaboration in digital finance, including AI and asset tokenization. Both nations will continue advancing “Project Guardian,” a regulator-led initiative testing real-world applications of tokenized financial assets. The next phase will involve the UK Investment Association and the Investment Management Association of Singapore to explore how tokenization can reshape investment from a client-centric perspective.
3U.S. House Sets ‘Crypto Week’ for Mid-July
The U.S. House Republican leadership has designated the week of July 14 as “Crypto Week,” focusing on three major legislative items: the GENIUS Stablecoin Act (already passed by the Senate), the Clarity market structure bill, and a proposal opposing central bank digital currencies (CBDCs). This initiative is a cornerstone of the Trump administration’s digital asset strategy, with lawmakers aiming to pass key bills before the August recess. It’s seen as a milestone in U.S. crypto policy development.
4.Senator Lummis Introduces Independent Crypto Tax Bill
Senator Cynthia Lummis has submitted a standalone crypto tax reform bill proposing tax exemptions for individual transactions under $300 (and up to $5,000 annually), deferral of staking and mining rewards taxation until the asset is sold, and tax exemptions for crypto lending and charitable donations. She emphasized the need for a clear and reasonable framework to prevent accidental noncompliance and promote modern crypto regulation in the U.S.
Traditional Asset Correlation
Due to the U.S. Independence Day holiday, U.S. financial markets are closed today.
Spot gold rose by 0.28% to $3,334.8 per ounce.WTI crude oil (USOIL) fell by 0.47% to $66.8 per barrel.
3.Crypto Market Snapshot
1. Spot Performance of Major Cryptocurrencies
(as of 14:00 HKT, July 4, 2025)
2.Futures Capital Flow Analysis
According to Coinglass data, over the past 24 hours, ETH, SOL, XRP, PEPE, DOGE, SUI, and BCH saw the largest net outflows in contract trading, potentially signaling emerging trading opportunities.
3. Bitcoin Liquidation Map
As of July 4, with BTC trading around $108,859, Coinglass data shows that a drop below $107,000 could trigger $1.938 billion in cumulative long liquidations across major CEXs. Conversely, a breakout above $111,000 would lead to $1.22 billion in cumulative short liquidations. Traders are advised to manage leverage carefully to avoid forced liquidations amid price swings.
4. Bitcoin Long/Short Ratio
As of 14:00 HKT, BTC’s global long/short ratio was 0.6461, with 39.25% of positions long and 60.75% short.
5. On-Chain Monitoring
- According to bitinfocharts, a dormant wallet that had been inactive for over 14 years just transferred 10,000 BTC (≈$1.09B). The coins were originally purchased at $0.78, realizing a 140,000x return. Address: 1KbrSKrT3GeEruTuuYYUSQ35JwKbrAWJYm
- Independent miner “Solo CK” successfully mined block #903883 containing 3,949 transactions, earning 3.173 BTC ($349,028) in block reward and fees.
- Per EmberCN, a whale/institution that acquired 1,495 WBTC through looped lending between July–November 2024 has now sold 723 WBTC at an average of $95,678, recovering $69.17M USDC for loan repayment. They still hold 753.8 WBTC ($82.6M) with realized and unrealized profits totaling ~$49.75M.
- According to CryptoSlam, Ethereum NFT on-chain sales in June totaled only $100M — the lowest monthly figure since February 2021.
- Lookonchain reports that whale “qwatio” resumed shorting BTC at $109,135 with a 21 BTC ($2.3M) position despite being liquidated 10 times. The pattern involves shorting at local lows, triggering liquidation, and repeating.
4.Blockchain Headlines
- “SOL’s MicroStrategy” DDC accumulated another 17,760 SOL
- Ondo Finance and Pantera Capital jointly launched a $250M fund
- Several xStocks tokenized equities experienced depegging; HOODX spiked above $800
- Robinhood CEO clarified that tokenized shares of OpenAI and SpaceX are derivatives, not actual equity
- Polymarket shows 42% odds Elon Musk will form a new political party by year-end
- SOL staking ETF SSK attracted $12M in day-one inflows
- ZachXBT reports WhiteRock founder, linked to ZKasino scam, arrested in UAE and pending extradition to the Netherlands
- Ondo Finance and Pantera Capital launch a $250 million fund
5.Institutional Insights · Daily Picks
- Finery Markets: Stablecoins made up 74.6% of institutional OTC trading volume in H1 2025, up from 46% YoY and 23% in 2023. USDC’s volume surged 29x, boosted by MiCA adoption in the EU.
- 10x Research: Over 500,000 BTC have been offloaded by large holders in the past year — nearly equal to net inflows into U.S. spot Bitcoin ETFs.
- Bloomberg: Long-dormant whales are reducing exposure while institutional buyers ramp up accumulation, accelerating BTC’s evolution into a long-term allocation asset.
6.BTCC Exclusive Market Analysis
On July 4, Bitcoin retreated to ~$108,950 following the release of strong U.S. nonfarm payrolls data, which lessened pressure on the Fed to cut rates in July. With job growth surging to 147,000, the dollar strengthened and risk assets, including BTC, pulled back on the day.
Technically, BTC faced resistance near $110,000, pulled back from the Bollinger upper band, and broke below MA5 and MA10 on the 4-hour chart. MACD momentum is narrowing, indicating short-term consolidation. A drop below $108,500 may test support at $107,800–$108,000. Reclaiming $109,500 would reopen the path toward the $110,500 resistance zone.
One potential bullish catalyst lies in U.S. regulatory developments: the House will begin “Crypto Week” mid-July, set to review the GENIUS Stablecoin Act, Clarity bill, and CBDC opposition proposal. The legislative progress may provide a mid-term boost in sentiment. Traders should monitor both macroeconomic follow-through and the $108,000–$110,500 range for tactical opportunities while managing leverage prudently.
Risk Disclaimer
This publication is for informational purposes only and does not constitute investment advice or a recommendation to engage in any trading strategy. Digital asset trading involves significant risks. Please conduct your own due diligence and consult professional advisors before making investment decisions.
How to Trade Crypto on BTCC?
This brief instruction will assist you in registering for and trading on the BTCC exchange.
Step 1: Register an account
The first step is to hit the “Sign Up” button on the BTCC website or app. Your email address and a strong password are all you need. After completing that, look for a verification email in your inbox. To activate your account, click the link in the email.
Step 2: Finish the KYC
The Know Your Customer (KYC) procedure is the next step after your account is operational. The main goal of this stage is to maintain compliance and security. You must upload identification, such as a passport or driver’s license. You’ll receive a confirmation email as soon as your documents are validated, so don’t worry—it’s a quick process.
Step 3. Deposit Funds
After that, adding money to your account is simple. BTCC provides a range of payment options, such as credit cards and bank transfers. To get your money into your trading account, simply choose what works best for you, enter the amount, and then follow the instructions.
Fiat Deposit. Buy USDT using Visa/Mastercard (KYC required).
Crypto Deposit. Transfer crypto from another platform or wallet.
Step 4. Start Trading
If you wish to follow profitable traders, you might go for copy trading, futures, or spot trading. After choosing your order type and the cryptocurrency you wish to trade, press the buy or sell button. Managing your portfolio and keeping track of your trades is made simple by the user-friendly interface.
Look more for details: How to Trade Crypto Futures Contracts on BTCC
BTCC FAQs
Is BTCC safe?
Based on its track record since 2011, BTCC has established itself as a secure cryptocurrency exchange. There have been no reports of fraudulent activity involving user accounts or the platform’s infrastructure. By enforcing mandatory know-your-customer (KYC) and anti-money laundering (AML) procedures, the cryptocurrency trading platform gives consumers greater security. For operations like withdrawals, it also provides extra security features like two-factor authentication (2FA).
Is KYC Necessary for BTCC?
Indeed. Before using BTCC goods, users must finish the Know Your Customer (KYC) process. A facial recognition scan and legitimate identification documents must be submitted for this process. Usually, it is finished in a few minutes. This procedure has the benefit of strengthening the security of the exchange and satisfying legal requirements.
Because their accounts will have a lower daily withdrawal limit, those who do not finish their KYC are unable to make deposits. It should be noted that those who present a legitimate ID without a facial recognition scan will likewise have restricted withdrawal options.
Is There a Mobile App for BTCC?
Indeed. For users of iOS and Android, BTCC has a mobile app. The exchange’s website offers the mobile app for download. Since both the web version and the mobile app have the same features and capabilities, they are comparable.
Will I Have to Pay BTCC Trading Fees?
Indeed. BTCC levies a fee for trade, just like a lot of other centralised exchanges. Each user’s VIP level, which is unlocked according to their available money, determines the different costs. The BTCC website provides information on the charge rates.
Can I Access BTCC From the U.S?
You can, indeed. According to its website, BTCC has obtained a crypto license from the US Financial Crimes Enforcement Network (FinCEN), which enables the cryptocurrency exchange to provide its services to investors who are headquartered in the US.
According to BTCC’s User Agreement document, its goods are not allowed to be used in nations and organisations that have been sanctioned by the United States or other nations where it has a licence.
BTCC Guide:
How to Trade Crypto Futures Contracts on BTCC
BTCC Guide-How to Deposit Crypto on BTCC?
What is Crypto Futures Trading – Beginner’s Guide
What is Leverage in Cryptocurrency? How Can I Trade at 100X Leverage?
BTCC Review 2024: Best Crypto Futures Exchange
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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