Bitcoin ETFs 8th straight negative week

1 Barstool's Portnoy plans to hold bitcoin down to zero after timing it wrong every time

CD20$1,741.45CD20 down 0.046 percent0.046% BTC $63k BTC up 0.34 percent0.34% ETH $1.8k ETH up 0.56 percent0.56% XRP $1.13XRP down 0.28 percent0.28% SOL $80.28SOL down 2.61 percent2.61% Markets # Barstool's Portnoy plans to hold bitcoin down to zero after timing it wrong every time ## Barstool Sports founder Dave Portnoy said he will hold bitcoin all the way down to zero after buying near $100k. By Omkar Godbole Jul 5, 2026, 2:00 a.m. 2 min read Make preferred on Share Copy link X iconX (Twitter) LinkedIn Facebook [Email](mailto:%20?subject=Barstool%27s%20Portnoy%20plans%20to%20hold%20bitcoin%20down%20to%20zero%20after%20timing%20it%20wrong%20every%20time%20%E2%80%94%20CoinDesk&body=Barstool%27s%20Portnoy%20plans%20to%20hold%20bitcoin%20down%20to%20zero%20after%20timing%20it%20wrong%20every%20time%0ABarstool%20Sports%20founder%20Dave%20Portnoy%20said%20he%20will%20hold%20bitcoin%20all%20the%20way%20down%20to%20zero%20after%20buying%20near%20%24100%2C000.%0A%0ARead%20the%20full%20article%20on%20CoinDesk%3A%0A%0Ahttps%3A%2F%2Fwww.coindesk.com%2Fmarkets%2F2026%2F07%2F05%2Fbarstool-s-portnoy-plans-to-hold-bitcoin-down-to-zero-after-timing-it-wrong-every-time) Make preferred on Portnoy plans to hold BTC all the way down to $0. Summary Show - Barstool Sports founder Dave Portnoy said he will hold bitcoin all the way down to zero after buying near $100k. - Every time I sell it, it goes nuclear. Every time I buy it, it tanks, he said, explaining the classic timing issue. Barstool Sports founder Dave Portnoy said this week that he will hold his bitcoin BTC $63k all the way down to zero if necessary, while admitting his struggle with timing the market. "I'm holding. I'll hold this thing down to zero," Portnoy told FOX Business' Stuart Varney on Varney & Co. "I know if I sell it, it's going to go nuclear again. I'd rather go down with the ship this time." Portnoy said he snapped up bitcoin at $100k and is now sitting on millions of losses. BTC peaked above $126k in October last year, and has since halved to $63k, CoinDesk data show. "Yeah, I got regrets. I bought the thing at $100k. There's nothing I've been wrong about more than Bitcoin. Every time I sell it, it goes nuclear. Every time I buy it, it tanks," Portnoy noted. His exact BTC holdings are not publicly known. This MSTR short is up over 120% in the past month More Videos 0 seconds of 1 minute, 41 secondsVolume 0% Press shift question mark to access a list of keyboard shortcuts Keyboard ShortcutsEnabledDisabled Shortcuts Open/Close/ or? Play/Pause SPACE Increase Volume↑ Decrease Volume↓ Seek Forward→ Seek Backward← Captions On/Offc Fullscreen/Exit Fullscreenf Mute/Unmutem Decrease Caption Size- Increase Caption Size\+ or = Seek %0-9 Next Up BTC ETFs bled $4B in worst month ever, Strategy's plan forward and an institutional super cycle for ETH? 36:54 0.5x1x1.25x1.5x2x Live 00:05 01:36 01:41 This video file cannot be played.(Error Code: 232011) Portnoy's comments show a familiar struggle of most market participants in volatile markets: The persistent difficulty of precise entry and exit timing. Scores of traders often sell before rallies and buy before corrections, trapping themselves on the wrong side of the market and watching what could have been long-term gains turn into repeated frustration. Whether his new found holding strategy aligns him with BTC's trajectory over coming cycles remains to be seen, but his candor highlights a lesson many retail investors learn the hard way: The best move is simply to stop trying to time the market and hold on. Separately, speaking from stage at Consensus 2025, Portnoy said the memecoin scene is ultimately unsustainable. Bitcoin News Related Assets Bitcoin $63k\\ less than 1% Latest Crypto News 01. 1 Tokenization's next use case is personalized portfolios, NYLIM executive says 10 hours ago 02. 2 Bitcoin jumps above $63k, reversing end-June losses 11 hours ago 03. 3 Bitcoin experts split over plan to freeze Satoshi's 1.1 million bitcoin as quantum threat grows 12 hours ago 04. 4 How ethical hackers with just a $3k server found a flaw that could've put $70B in crypto at risk 12 hours ago 05. 5 Why bitcoin's disconnect from record-high stocks won't last 14 hours ago 06. 6 Trump's crypto token buyers are down $3.8B, blockchain data shows 14 hours ago 07. 7 Europe led on crypto regulation. Now implementation must match ambition 16 hours ago 08. 8 EU moves to block retail investors from explosive boom of multibillion-dollar prediction markets 16 hours ago 09. 9 UK's bold new crypto rules promise to unlock global trading, but huge compliance hurdles still threaten the rollout 18 hours ago 10. 10 XRP climbs 8% as record holder losses signal better risk-reward for buyers 22 hours ago Latest Research **Building the Zcash Machine: Tachyon and Quantum Readiness** **Building the Zcash Machine: Tachyon and Quantum Readiness** Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold. By CoinDesk Research Jun 30, 2026 Commissioned by GenZcash Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold. Why it matters: Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold. View Full Report More From Markets **Bitcoin jumps above $63k, reversing end-June losses** **Why bitcoin's disconnect from record-high stocks won't last** **XRP climbs 8% as record holder losses signal better risk-reward for buyers** More From Bitcoin **Tokenization's next use case is personalized portfolios, NYLIM executive says** **Bitcoin jumps above $63k, reversing end-June losses** **Bitcoin experts split over plan to freeze Satoshi's 1.1 million bitcoin as quantum threat grows** ### You have 2 articles remaining this month. Get unlimited access - create a free account. Sign up for free Already have an account? Sign in * * *

If this story develops further within 7 days, it changes the setup. If it fades, it was noise.

2 Binance outflows tripled to $1.2B as ETH withdrawals hit a 3-year high.

When the biggest exchange starts bleeding, everyone notices. ETH withdrawals at their highest level in three years suggests either a security scare or a massive rotation to self-custody. Either way, it's a vote of no confidence in centralized custody. This is what happens when trust erodes - capital moves where it feels safest.

If Binance outflows continue above $500M daily for the next week, expect increased volatility as liquidity dries up. If outflows normalize below $200M by Friday, the panic was likely overblown.

3 Moonbeam is pivoting from Polkadot to Base, unveiling an AI agent framework.

This is like宣布 your restaurant is switching from Italian to Mexican mid-dinner service. Moonbeam abandoning Polkadot for Base is a structural shift that says either the grass is greener or the old yard was dead. The AI agent framework is the shiny object to distract from the awkward breakup. When infrastructure projects pivot, it's usually because the money told them to.

If Moonbeam's TVL on Base exceeds its Polkadot TVL within 30 days, the pivot was a smart business move. If total TVL drops 20% in the next 2 weeks, the migration is bleeding users.

4 Vitalik Buterin shared top priorities for the new 'Lean Ethereum' roadmap.

Less is more, apparently. Buterin's 'Lean Ethereum' plan is basically admitting that Ethereum got fat during the bull run and needs to hit the gym. The focus on simplicity over complexity is a direct response to L2 s eating Ethereum's lunch. When the founder says 'we need to simplify,' it's code for 'we lost the plot and need to find it again.'

If gas fees stay below 5 gwei for a week after implementation, the lean strategy is working. If L2 transaction growth outpaces Ethereum 3:1 over the next month, the base layer is becoming infrastructure nobody uses directly.

5 Bitcoin exchange deposits jumped to 49,000 BTC, analysts warn of increased volatility.

That's $3B in Bitcoin heading to exchanges in one day. This isn't accumulation - it's preparation for distribution. When whales move that much BTC to exchanges, they're either positioning for a dump or hedging against one they see coming. Either way, it's a flashing sign that big money expects turbulence ahead.

If exchange netflows turn negative (more withdrawals than deposits) within 48 hours while price holds, the selling pressure was absorbed. If BTC drops below $60k as these deposits hit the market, the floodgates are open.

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