According to @ai_9684xtpa, Bitcoin (BTC) is in a standoff, trading around $106,000, as long-term holder conviction clashes with rising short-term leverage. On-chain data from Glassnode indicates a dominant 'HODLing' trend, with long-term holder supply reaching 14.7 million BTC and the Liveliness metric declining, suggesting older coins remain dormant. Despite this, data from QCP shows leveraged long positions have been increasing, evidenced by positive funding rates in perpetual futures markets. This fragile equilibrium is supported by persistent institutional demand, with QCP noting $2.2 billion in net inflows to BTC spot ETFs last week. Corporate adoption continues to be a key driver, with mining firm MARA Holdings (MARA) announcing its treasury is approaching 50,000 BTC, valued at over $5.3 billion. Additionally, design firm Figma disclosed a $70 million position in a Bitcoin ETF, and DeFi Development Corp. plans to raise $100 million for potential further accumulation of Solana (SOL).

According to @ai_9684xtpa, two dormant Bitcoin wallets from 2011 have moved 20,000 BTC, worth over $2 billion, to new addresses. Blockchain data from Lookonchain confirms these coins were acquired when BTC was priced at just 78 cents. However, since the transfers were to non-exchange addresses, it is too early to determine if this is a precursor to selling. In related news, mining firm MARA Holdings (MARA) is approaching a 50,000 BTC treasury milestone, with current holdings at 49,940 BTC valued at approximately $5.3 billion. The company reported a 25% decline in blocks won for June due to weather-related issues. MARA's stock fell 2.7% in premarket trading, mirroring a dip in Bitcoin's price to the $106,400-$107,500 range.

According to @ki_young_ju, publicly traded Bitcoin miner MARA Holdings (MARA) is approaching a significant milestone, with its treasury now holding 49,940 BTC, valued at approximately $5.3 billion. This accumulation solidifies MARA's position as the second-largest publicly traded Bitcoin holder, trailing only MicroStrategy (MSTR), as stated in the company's June update. Despite a 25% monthly decline in blocks won in June due to weather and equipment issues, the company is targeting a 40% hash rate expansion to 75 exahash by the end of the year. For traders, the tight correlation between MARA's stock and the crypto market is evident, with MARA shares falling 2.7% in premarket trading following a recent dip in Bitcoin's price.

According to @FarsideUK, bitcoin mining firm MARA Holdings (MARA) is approaching a major milestone, holding 49,940 bitcoin (BTC) valued at approximately $5.3 billion. This positions MARA as the second-largest publicly traded bitcoin holder, trailing only MicroStrategy (MSTR), as stated in its June production update. For traders, a key operational metric showed a 25% decline in blocks won for June, which the company attributed to weather-related issues and temporary machine deployments. Despite this, MARA is targeting a significant expansion to a 75 exahash hash rate by the end of the year, a 40% increase from the end of last year. The company's stock (MARA) showed immediate sensitivity to the crypto market, with shares falling 2.7% in premarket trading following an overnight dip in bitcoin's price to $106,400.

According to Lookonchain, MARA Holdings has made substantial investments in Bitcoin, acquiring 11,774 BTC worth $1.1 billion at an average price of approximately $96,000 since announcing a private offering of convertible senior notes on November 18. Additionally, in the third quarter, MARA acquired 6,481 BTC valued at $389 million at a price of $60,022 per Bitcoin. Currently, MARA Holdings has amassed a total of 40,435 BTC, valued at $3.9 billion.