Binance Observes Bitcoin’s Historic Surge Past $112K as Dormant Whales Resurface

Bitcoin has achieved a groundbreaking milestone, surpassing $112,000 to set a new all-time high, as reported on July 10, 2025. This remarkable price movement has been accompanied by the reactivation of long-dormant whale wallets, including two Satoshi-era addresses that moved 20,000 BTC ($2.18 billion) after 14 years of inactivity. Analysts suggest such movements often precede significant market shifts, reigniting bullish sentiment across crypto exchanges like Binance.

Bitcoin Surges Past $112,000 as Dormant Whales Awaken

Bitcoin shattered records by climbing above $112,000, marking a new all-time high after weeks of subdued trading. The breakout has reignited interest in long-dormant coins, with CryptoQuant data showing movement from wallets inactive for seven to ten years. Such activity often signals pivotal moments in Bitcoin's price trajectory.

Last week, two Satoshi-era wallets transferred 20,000 BTC worth $2.18 billion after 14 years of silence. These rare transactions—whether from early miners or recovered wallets—failed to disrupt Bitcoin's price stability, underscoring the market's resilience.

Notably absent from this rally are retail investors. "Bitcoin hitting an all-time high is a pivotal moment for the digital assets industry," said Kushal Manupati of Binance, hinting at institutional dominance in the current cycle.

Top Crypto Exchanges of July 2025: Binance and Crypto.com Lead Adoption Wave

Cryptocurrency adoption has surged to 1.2 billion users globally, fueled by institutional integration and traditional finance convergence. Navigating this landscape requires trusted exchanges—the gateways to digital asset markets.

Binance dominates with 250 million users and a full suite of services: spot, futures, margin trading, and staking across 500+ assets. Its 2017 launch set the standard for scale and security in crypto trading.

Crypto.com emerges as a disruptor, serving 140 million users across 90 countries since 2016. The platform transcends mere exchange functionality, positioning itself as an accelerator for crypto's mainstream transition.

Bhutan Government Moves $23.73M Bitcoin to Binance Amid Market High

The Royal Government of Bhutan transferred $23.73 million worth of Bitcoin to Binance as BTC surged to a new all-time high. The transactions, totaling 213 BTC, included a single transfer of $23.18 million just hours before market close. Bhutan's remaining holdings now stand at 11,711 BTC, valued at $1.3 billion, securing its rank as the sixth-largest sovereign Bitcoin holder globally.

The sales align with Bitcoin's breakout above key resistance levels, underscoring Bhutan's strategic market timing. This approach contrasts sharply with Germany's recent liquidation of 49,858 BTC at $53,000 per coin—a MOVE that resulted in a $4.57 billion opportunity loss at current prices. Unlike El Salvador's unwavering buy-and-hold strategy, Bhutan continues to capitalize on price peaks.

Bitcoin Consolidates Below All-Time High as Spot Market Drives Momentum

Bitcoin's price action remains in a tight consolidation phase just below its record high, hovering around $108,927 with minimal 24-hour movement. The asset briefly challenged its $111,000 peak but failed to sustain upward momentum, reflecting cautious market sentiment.

Binance's spot-perpetual delta has maintained a negative divergence since December 2024, signaling persistent skepticism among Leveraged traders. "When the delta flipped negative last December, Bitcoin had just marked a then-ATH," noted CryptoQuant analyst BorisVest. This unusual structure during a bullish trend suggests institutional players are accumulating spot positions while derivatives traders remain hesitant.

The prolonged spot premium over perpetual prices indicates measured capital deployment rather than speculative froth. Market structure mirrors December's setup before bitcoin corrected 33% to $74,000—a warning that current price levels remain vulnerable despite the uptrend.

Bluwhale AI and CDARI Partner to Revolutionize Web3 Commerce with AI-Powered Retail Experience

Bluwhale AI, positioned as the intelligence LAYER of Web3, has forged a strategic partnership with CDARI, a Web3 e-commerce platform built on Matchain's AI-powered Layer 2 solution on BNB Chain. The collaboration aims to merge AI-driven personalization with tokenized rewards, creating a seamless blockchain-native retail experience.

CDARI's Shop & Earn model will integrate Bluwhale AI's L3 intelligence services, enabling decentralized data storage and high-performance computing via mobile devices. Users will receive $BLUAI and $BLUP tokens as rewards for engagement, while AI-curated recommendations enhance the shopping journey.

The partnership underscores the convergence of commerce and decentralized intelligence, leveraging Matchain's scalable infrastructure to pioneer next-generation retail paradigms. This development signals growing institutional interest in tokenizing consumer behavior within Web3 ecosystems.

Binance Completes 32nd Quarterly BNB Burn, Eliminating 1.59 Million Tokens

Binance has executed its 32nd quarterly BNB token burn, removing 1,595,599.78 BNB from circulation—worth approximately $1.07 million at an average price of $660.16. The transaction, completed on July 10 at 07:29:06 AM UTC, cost a negligible fee of $0.001411.

The burn follows the BNB Auto-Burn algorithm, which replaced manual burns to dynamically adjust burn quantities based on market price and block production. This mechanism previously destroyed over $1.02 billion in BNB during April's cycle. The automated system adheres to a strict quarterly schedule, governed by the formula B = N * 1000 / (P + K), where N reflects block production and P denotes price variables.

Market observers now speculate whether the reduced supply could propel BNB toward a $700 breakout, as the token continues its deflationary trajectory.