Alex Thorn
19.4K posts

Alex Thorn
@intangiblecoins
Head of Firmwide Research $GLXY @galaxyhq @glxyresearch 🎙️https://t.co/C0Vf35tubH Past @Fidelity Patron @pubkey_nyc disclaim https://t.co/wlEnSXVqnF






Bitcoin’s SOPR stands at 0.970, the 2nd percentile of its historical range (rank 103 of 4,942), indicating that onchain holders are collectively realizing losses. 30d SOPR (0.994) is approaching bear market bottoming levels (historically ~0.983).




PnL ALERT - 80.00 BTC ($5.10M) moved +$3.56M (+231% gain) cost basis ~$19K avg (oldest coin 2017-12-17) - held 8.6y 🕐 2026-07-13 23:51 UTC - block 957,916 Address: 3LfrYsaFFvT5vyVU8dkyt6HxbgpyWqARTq mempool.space/tx/9ad53a07516…

🇺🇸 US GOVERNMENT SPEND: 2874.902649 BTC ($183.28M) moved to Coinbase Prime in blocks 957893 & 957894 US Gov Address: 17Zcvze37nSVh7nuLMqGt45QzFYeZUruXF TXIDs: dd7d40e79c12e2aaef844fcba4e67025bc64c0343a8e07d7a73fa920b4f36599 bf24fd3943d8988dbe00a36070dc1c1aa89bbc92677b115916fcb01ea8bc25d2 🕐 2026-07-13 18:26 UTC mempool.space/tx/dd7d40e79c1… 🕐 2026-07-13 18:39 UTC mempool.space/tx/bf24fd3943d…


🇺🇸 US GOVERNMENT SPEND: 2874.902649 BTC ($183.28M) moved to Coinbase Prime in blocks 957893 & 957894 US Gov Address: 17Zcvze37nSVh7nuLMqGt45QzFYeZUruXF TXIDs: dd7d40e79c12e2aaef844fcba4e67025bc64c0343a8e07d7a73fa920b4f36599 bf24fd3943d8988dbe00a36070dc1c1aa89bbc92677b115916fcb01ea8bc25d2 🕐 2026-07-13 18:26 UTC mempool.space/tx/dd7d40e79c1… 🕐 2026-07-13 18:39 UTC mempool.space/tx/bf24fd3943d…




Last week was the first net positive BTC ETF flow in 9 weeks (+$197m).















