Bitcoin starts week near record high as 80K BTC moves after 14 years

Key Points

1. Bitcoin achieved its highest-ever weekly finish at $109,263, rebounding from late-June profit-taking, with spot bitcoin ETFs recording $667 million in net inflows.

2. US lawmakers are preparing for 'Crypto Week' starting July 14, featuring key bills like the stablecoin bill, which has already passed the Senate with bipartisan support.

3. Approximately 80,000 BTC (worth over $8.6 billion) from untouched 2011 wallets moved for the first time in 14 years, with 40,000 BTC transferred onchain, though none was sent to exchanges.

4. Analysts speculate the movement could be due to inheritance planning, custody consolidation, or legal preparations, with some noting OP_RETURN messages possibly indicating proof of ownership.

5. The global CDN market, valued at ~$28B in 2024, is projected to surpass $140B by 2034, highlighting potential for Web3-driven disruption in content delivery networks.