Brew, 1 Aug 2026.
Top signal today: Sovereign Bitcoin adoption (76/100, tailwind).
BTC $63,031
- Sovereign reserves76/100tailwind
6 states hold ~630,006 BTC as reserves; 2 more have announced or proposed legislation. Sovereign demand is structural and policy-led, so it tends to precede flows.
- Hiring velocity65/100tailwind
Tracked Bitcoin/crypto-infra firms have 365 open roles, +34 vs 30 days ago (+10.3%). Teams staff up before they ship and grow; rising hiring may be an early demand tell (predictive value not yet backtested).
- Network hashrate58/100tailwind
Network hashrate is ~985.2 EH/s, +3.5% over 30 days. Rising hashrate reflects growing miner commitment and network security; sustained trends can precede price (not yet backtested).
- Corporate treasuries56/100tailwind
179 public companies hold ~1,285,829 BTC (top: Strategy, 843,775 BTC). Corporate treasury accumulation is structural institutional demand; the trend strengthens as history accrues. Strategy (MSTR) trades at an observable ~0.613x mNAV — its equity value vs the value of its 843,775 BTC (quote 2026-07-31); reported as a number only, not a valuation judgement.