Gate Daily: Bitcoin hits a historic high of 119,000; Trump threatens to impose a 30% tariff on Mexico and the EU; Strategy may disclose increased holding data this week.

Bitcoin (BTC) is currently reported at around 119,080 USD in the early Asian market today (14), having reached a high of 119,459 USD last night, setting a new historical high once again. U.S. President Trump threatened to impose a 30% tariff on Mexico and the EU, but Bitcoin has ignored the tensions of the tariff war and continues to move toward new milestones.

Today's Outlook

1. China's trade balance in June (in billion yuan), previous value was 743.56

2. China's M2 money supply (year-on-year) at the end of June was 7.9%, compared to the previous value.

3. China's June trade balance (billion USD), previous value was 103.22

4. President Trump of the United States plans to issue a "major statement" regarding the Russia issue.

Macro Events & Crypto Hotspots

1. President Trump threatened on Saturday to impose a 30% tariff on products from America's two largest trading partners, Mexico and the European Union, a move that has disrupted global trade since he took office again in January. In a letter to European Commission President Ursula von der Leyen, Trump wrote: "Despite the fact that there is one of the largest trade deficits between the United States and the European Union, the United States has agreed to continue working with the European Union. Nevertheless, we have decided to move forward, but on the condition that trade is more balanced and fair." This letter was published on the Truth Social website.

2. Tornado Cash co-founder Roman Storm urgently called for support on Twitter before the highly anticipated trial. Storm has been fighting legal charges for nearly two years, and he urged the cryptocurrency community to raise $500,000 in the coming days and $1.5 million in the next few weeks to cover rising legal fees, expert witnesses, and research costs, as the trial has exceeded the initially expected two weeks.

Market Trend

1. $BTC has once again reached a historical high, peaking at 119,459 USD, with liquidations of 52.17 million USD in the past 24 hours, mainly from short positions;

2. All three major U.S. stock indexes closed in the red, with the Dow Jones experiencing the largest decline. In terms of weekly performance, all closed in the red, with the Dow falling 1.02% last week, the S&P 500 down 0.31%, and the Nasdaq also down 0.08%. The Philadelphia Semiconductor Index fell, while TSMC ADR closed up, hovering near the flat line after hours.

3. In the Gate BTC/USDT liquidation map, based on the current 119,060.30 USDT, if it drops to around 116,707 USD, the cumulative liquidation amount for long positions exceeds 252 million USD; if it rises to around 119,714 USD, the cumulative liquidation amount for short positions exceeds 76 million USD. The liquidation amount for shorts is significantly lower than for longs, so it is recommended to reasonably control the leverage ratio to avoid triggering large-scale liquidations during market fluctuations.

(Source: Gate)

4. In the past 24 hours, BTC spot inflow was 1.37 billion dollars, outflow was 1.4 billion dollars, resulting in a net outflow of 30 million dollars;

(Source: Coinglass)

5. In the past 24 hours, contracts such as $XRP, $SOL, $BANANAS31, $1000PEPE, and $ADA have seen net outflows, indicating trading opportunities.

(Source: Coinglass)

News Updates

1. Trump retains leeway to further adjust tariffs.

2. Author of "Rich Dad Poor Dad": Planning to buy another Bitcoin soon, getting rich has never been this easy.

3. The 1inch team withdrew 6.334 million 1INCH from the DEX, then transferred 2 million USDC back in, and subsequently sold 904,000 1INCH at an average price of $0.33.

4. Zhao Changpeng retweeted: Evidence suggests that CEX may be the "anonymous" source attacking WLFI.

5. Analysts: Trump's new tariff threats may have negative impacts.

6. President of the European Commission: Plans to extend the suspension period of the U.S. tariff countermeasures until early August.

7. Michael Saylor again released a Bitcoin Tracker message, or may disclose the increase in holdings data this week.

8. Lianlian Digital plans to raise approximately HKD 394 million for the application of blockchain technology in the payment sector.

9. Data: Tokens such as TRUMP, ARB, SEI will experience significant unlocks this week, with TRUMP unlocking a value of approximately 878 million USD.

10. White House economic advisor Hassett: Trump has a preliminary understanding of the proposed trade agreement framework.

11. White House economic advisor Hassett: If there is reason to fire Powell, Trump has the authority to take action.

12. The PUMP project team has accumulated a transfer of 20.15 billion tokens to various exchanges.

13. Former Fed Governor Warsh: The Fed should cut interest rates now.

14. The Governor of the Bank of England warns of the risks of private stablecoin issuance and suggests focusing on deposit tokenization.

15. SharpLink Gaming purchased 16,374 ETH again, bringing the total holdings to 270,000 coins.

X KOL Selected Insights

Phyrex Ni (@Phyrex_Ni): "Although today's $BTC price has once again broken a new high, there isn't much to say about today's operations. The liquidity is as low as a dog and the trading volume is also as low as a dog. Many tweets have been drawn to explain that the current stable rise in Bitcoin prices is not due to too much buying power, but rather because the amount of selling is too low. Most investors treat BTC as a long-term holding asset. From the net flow data of BTC on exchanges over the past year, it can be seen that the amount of BTC that can be accumulated on exchanges has been decreasing over the past six months, with more withdrawal power being released. Of course, there has also been a downward trend in the past week, but because there are too few investors preparing to sell, the price stability remains relatively high. This is also why it is said that unless there is systemic risk, it is difficult for investors to release their chips. This week's macro data will be more abundant, from Tuesday's CPI to Wednesday's PPI to Thursday's retail data, which may cause the market to fluctuate. Especially, the market's forecast for the CPI data is not very good, which may lower expectations for a rate cut in September. Of course, this is likely to be short-term, after all, there are still the data for July and August to consider."