On-Chain Events Calendar (Issue 19 · Week 30, 2026)

01Important Events of Today

On July 21, 2026, Bitcoin spot ETFs recorded net inflows for six consecutive days, with the daily peak exceeding $200 million. BlackRock led the inflows, bringing the total amount to nearly $1.1 billion, signaling that compliant channels have become the standard for asset allocation. On the same day, the cryptocurrency derivatives market saw liquidations worth over $123 million within 24 hours, with short sellers bearing the brunt of the losses, highlighting the risks associated with high leverage. Additionally, SecondFi suffered a theft of 16.1 million ADA due to a smart contract vulnerability, affecting 374 accounts. The project team announced the shutdown of the wallets and plans to release tools for asset recovery.

02Token Unlock Reminder

The following data was collected by the system, showing a total of 15 token unlocking records.

03Macroeconomic Calendar

As of July 24, 2026, this week’s macroeconomic and regulatory developments have centered on legislative battles in the United States, accelerated tokenization of traditional assets, and the emergence of risks in the derivatives market.

1. CLARITY Act Advances Unified Regulatory Framework On July 22, the U.S. Senate pushed forward the CLARITY Act, aimed at clarifying the responsibilities between the SEC and CFTC, and proposing a ban on federal officials from holding or issuing crypto assets. If passed, this act would eliminate regulatory barriers, reshape the competition landscape in the stablecoin market, and play a crucial role in ensuring industry compliance.

2. Surging RWA Trading Volumes Signal Mainstream Adoption On July 21, data from a16z showed that trading volumes for tokenized stocks on blockchain platforms surged by 170 times year-on-year last month, reaching $9.22 billion. This trend indicates that the tokenization of traditional assets is moving from experimentation to mainstream use. Despite regulatory challenges, it is significantly reshaping the structure of securities trading.

3. Warnings About High Leverage Risks in Derivatives Market On July 21, the cryptocurrency derivatives market saw liquidations exceeding $123 million within 24 hours, with short sellers bearing the brunt of losses. This incident serves as a warning about the risks associated with high leverage. Meanwhile, institutional capital continues to flow into the market, with BlackRock’s IBIT product leading the inflows and pushing the total volume above $80.9 billion.

04Operation suggestions

Operational Recommendations and Risk Warnings

Benchmark Date: 2026-07-24

Operational Recommendations

1. Defensive Strategy to Address Whale Movements and Sentiment Reversals Given that the market sentiment index soared from 14.2 to 50.1 points in a short period (currently at a neutral level), along with a sharp increase of 60 points in whale activity on the blockchain, and a significant shift toward bullish sentiment among KOLs (+85.0 percentage points in the bullish-bearish gap), there is a risk of short-term overheating in the market.

• Triggers: If BTC’s current price of $65,015.00 experiences rapid gains but 24-hour trading volume does not increase accordingly to over $25.4B, or if the market sentiment index drops below 40.
• Execution Criteria: Adopt a moderate defensive approach by gradually reducing positions in recently profitable holdings to avoid buying at high whale activity levels. Keep cash on hand to cope with volatility caused by sudden drops in sentiment.
• Time Frame: This week

2. Avoiding Liquidity Shocks from High-Proportion Unlocks This week marks a peak period for unlock pressures (2026-W29), with projects such as PENDLE, TIA, and EIGEN facing high proportions of token unlocks—PENDLE alone accounting for 4.67%. Additionally, Hyperliquid will unlock approximately $602 million worth of HYPE on July 29, significantly increasing short-term selling pressure.

• Triggers: If tokens with high unlock proportions (such as PENDLE and HYPE) experience price drops below recent support levels around the unlock date, accompanied by abnormally high intraday trading volumes.
• Execution Criteria: Gradually reduce holdings in assets at high unlock risk, avoiding large-scale purchases on the day of unlocking. Wait for signs of price stabilization after the selling pressure subsides.
• Time Frame: Next 2 weeks

3. Watching for Structural Opportunities Driven by Regulatory Advancements Ripple received MiCA approval from Luxembourg on 07-06, opening up access to markets in 30 European countries and providing long-term support for XRP’s practical value. Although XRP’s current price of $1.11 has fallen by 3.1% recently, its fundamental conditions are improving.

• Triggers: If XRP’s price stabilizes above $1.10, coupled with news of partnerships in European markets or trading volume rising back above $1.0B.
• Execution Criteria: Consider increasing holdings moderately to take advantage of valuation recovery opportunities brought about by regulatory compliance, building medium-to-long term positions. However, strictly control the proportion of capital invested each time.
• Time Frame: This month

Risk Warnings

1. Risk of Liquidity Crunch Due to Large-Scale Token Unlocks There is a massive scale of token unlocks this week and next, including $602 million worth of HYPE from Hyperliquid and high-proportion unlocks from leading DeFi projects like PENDLE.

• Warning Trigger: If the prices of major tokens subject to unlocks drop by more than 10% within 24 hours before the unlock date, and the number of large transaction addresses on the blockchain surges, it indicates that early investors are selling en masse, raising concerns about a sudden liquidity crunch and potential flash crashes.

2. Risk of Panicking Selling Caused by Extreme Market Sentiment Fluctuations The market sentiment index has experienced severe volatility recently, rising from 14.2 to 50.1 before dropping sharply by 15.6 points to 36.2 (indicating a fearful mood).

• Warning Trigger: If the market sentiment index fluctuates by more than 20 points within 24 hours, and whale activity remains consistently above the 60-point threshold, it suggests the market is in a phase of irrational speculation, making it highly likely for both bulls and bears to suffer losses. It is advisable to reduce leverage levels.

3. Uncertainty Risk from Delayed Selling Pressure from Pre-Sale Projects The locked-up funds for MEGA’s pre-sale have shrunk to $13.6 million, with 50% of participants still holding their tokens. Significant selling pressure may persist until April 2027.

• Warning Trigger: If pre-sale tokens like MEGA experience abnormal sharp declines in the secondary market, or if the project team announces adjustments to the unlock plan, be cautious of the long-term impact of expected selling pressure on sector valuations. Avoid getting involved in such high-risk assets too early.