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Holders of the World Liberty Financial token, WLFI, have voted overwhelmingly to make these tokens tradable, a decision that could significantly impact their market value and the financial interests of the Trump family.  WLFI Transition From Voting Rights To Tradable Assets World Liberty Financial, a venture associated with Donald Trump’s family, launched the WLFI tokens last autumn as part of its decentralized finance (DeFi) platform, which also includes a stablecoin called USD1.  Initially, these tokens were not designed for trading; instead, they granted holders voting rights on certain business developments, including changes to the platform’s underlying code.  Related Reading: Altcoin Season Index Spikes Above 30, But Bitcoin Dominance Remains High, What Next? Early investors were primarily drawn to WLFI due to its association with Trump, banking on the expectation that the tokens would appreciate in value thanks to his backing. The recent vote to allow trading of the tokens marks a crucial shift, enabling market forces to set their prices. This transition is likely to attract a wider array of investors, potentially generating trading fees for exchanges that list WLFI and fueling speculation about the tokens’ future value.  Although it remains unclear how this will directly benefit the Trump family, the increased trading activity may enhance the overall value of their holdings, which are substantial. Trump’s Potential Conflicts Of Interest Critics, including several Democratic lawmakers, have raised concerns regarding the ethical implications of the Trump family’s financial involvement in World Liberty Financial.  Senator Elizabeth Warren and Representative Maxine Waters have voiced their worries to the US Securities and Exchange Commission (SEC), arguing that the family’s financial stake constitutes a significant conflict of interest that could influence regulatory oversight of the cryptocurrency industry.  They pointed out that the WLFI tokens have not been classified as securities by the SEC, which means they are not subject to the same level of regulatory scrutiny as traditional investments like stocks. The White House has maintained that Trump’s assets are managed by a trust overseen by his children, asserting that there are no conflicts of interest. However, the specifics of this trust arrangement remain undisclosed. World Liberty Financial Promises More Details Trump’s company, DT Marks DEFI LLC, was allocated 22.5 billion of the total 100 billion WLFI tokens, with Trump himself holding approximately 15.75 billion tokens as of the end of last year. Reports suggest that the Trump family has generated around $500 million from World Liberty since its inception. Related Reading: BNB Price Stalls: Struggles to Resume Gains While Altcoins Rally In light of the recent vote, the White House declined to comment to Reuters on how the tradability of WLFI might affect the family’s financial interests. A spokesperson for World Liberty Financial indicated that further details about the trading process would be provided soon. The proposal to initiate tradability received overwhelming support, with 99.94% of approximately 20,900 votes in favor. Many token holders expressed their motivations for voting, with some citing expectations of price increases and others aligning their investment with support for Trump.  Featured image from DALL-E, chart from TradingView.com

Crypto legislation appears to be back on track after US lawmakers passed a motion to reconsider three crucial digital asset bills in a narrow vote. This effort follows Tuesday’s failed attempt to advance the proposed legislation to a floor debate during the “Crypto week.” Related Reading: SUI Eyes 140% Move As Price Reclaims $4 – New ATH Imminent? US House Passes Motion To Reconsider On Wednesday, the US House of Representatives voted on a motion to reconsider three major crypto legislations that failed to pass their procedural vote on Tuesday. As reported by NewsBTC, Congress’s lower chamber blocked the motion in a 196-223 vote, with 13 Republicans siding with the Democrats. Following the failed vote, Lawmakers had reportedly planned to hold a vote to reconsider the motion for later in the day, but it was ultimately scheduled for Wednesday morning.  On Tuesday night, US President Donald Trump personally met with 11 of the 12 Republican representatives needed to pass the bills, securing their support. The lawmakers met for the second time this week to decide the fate of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, the Digital Asset Market Clarity (CLARITY) Act of 2025, and the anti-CBDC (Central Bank Digital Currency) bill. The motion to reconsider the trio of bills cleared the House in a 215-211 vote, with all Republican representatives voting in favor this time. Now, the US House prepares to hold a new procedural vote later today and decide whether to send the three landmark bills to a final vote. Representative Andy Harris shared on X that “House Freedom Caucus Members will be voting in favor of the rule today after reaching an agreement with President Trump last night.” Under the agreement, the House Committee on Rules will meet today to include “clear, strong, anti–Central Bank Digital Currency (CBDC) provisions to the CLARITY legislation” to ensure Americans are “protected from government overreach into their financial privacy.” Crypto Legislation Faces New Challenges Despite the crucial approval of a motion to reconsider, the bills now face a new roadblock. Politico reporter Meredith Lee Hill revealed that “there’s another crypto mess unfolding on the House floor.” In a series of X posts, the journalist affirmed that the potential merger of two of the three crypto legislations could pose a problem for the upcoming vote. Seemingly, the House Grand Old Party (GOP) leaders are trying to combine the House’s market structure and anti-CBDC bills after passing the floor. However, Republicans from the House Financial Services Committee are hesitating at that plan, as it “will doom Clarity.” House Agriculture Committee Republican representatives also consider that combining the two bills could kill the CLARITY Act, arguing that “even the threat of doing this emergency rules meeting may have already done so.” Journalist Eleanor Terret added that combining the bills could make CLARITY harder to pass because “they risk losing Dem votes over the anti-CBDC language.” A GOP Senate staffer reportedly told Terret that they are “just hoping the House can move something, anything, so crypto legislation can survive to the next step. We have options to move forward, but no one wants another failed vote that kills momentum.” Related Reading: Top Crypto Exchanges Made $172 Million From TRUMP Memecoin Listing – Report Meanwhile, the GENIUS Act would remain a standalone bill, despite previous attempts to merge it with the market structure bill. Since it already passed the Senate, the bill only needs to pass the final House vote to head to President Trump’s desk. Despite the legislative uncertainty, the crypto market continues to recover from yesterday’s drop, with Bitcoin (BTC) holding the $119,000 area as support. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin has begun to recover after a brief decline triggered by the latest US Consumer Price Index (CPI) data. On July 15, the asset dropped to a low of $116,000 in response to news that inflation rose to 2.7% in June, amid continued concerns over tariffs from the Trump administration. As of this writing, Bitcoin is trading at $118,439, reflecting a 1.8% gain over the past 24 hours, which suggests that some investor confidence has returned to the market despite recent volatility. This short-term rebound occurs amid increasing on-chain and market activity, which analysts are closely tracking. One such contributor, Trader Oasis, recently published an analysis on CryptoQuant outlining various indicators tied to Bitcoin’s current movement. Related Reading: Bitcoin Returns Under $117,000: Is Social Media FOMO To Blame? Bitcoin Open Interest, Price Divergence, and Institutional Signals The analyst explored a range of technical and behavioral metrics, including open interest, Coinbase premium index, and funding rates, that are influencing BTC’s recent price behavior and hinting at what may lie ahead. Trader Oasis began by noting that Bitcoin’s breach of the $107,000 resistance signaled the beginning of a potential distribution phase. He pointed out that a divergence between price and open interest acted as a preliminary bullish signal, preceding the asset’s climb. The current state, where both price and open interest are rising in tandem, is seen by some as a sign of strengthening momentum in the market. He also evaluated data from the Coinbase Premium Index, which remains above zero, typically seen as an indication of institutional demand. However, Oasis observed that the indicator’s flat behavior, even as price rises, could imply large entities are securing profits. He further suggested that a breakout above the descending trend line could trigger a stronger upward move, but a fall below zero might represent a new entry signal. Regarding funding rates, he noted that the current rise reflects renewed market confidence, although it is still below previous extreme levels. This, in his view, implies that while enthusiasm exists, excessive leverage is not yet present. Profit-Taking Rises as Binance Dominates Realized Flows A separate analysis by another CryptoQuant contributor, Crazzyblockk, looked at the realized profit and loss (PnL) across centralized exchanges. According to the data, Bitcoin investors realized $9.29 billion in profits in a single day, marking a record high for such flows. This surge in realized PnL reflects widespread profit-taking in the wake of Bitcoin’s recent price rally, especially among short-term holders. Related Reading: Dormant Bitcoin Wallet Moves $1.2B in BTC: Is A Major Sell-Off Coming? On Binance specifically, the realized PnL remains below its all-time highs but has seen a rising share compared to other exchanges. Data shows that on some days, Binance’s share of realized profits has reached up to 60%, reinforcing its growing importance in shaping market behavior. Crazzyblockk concluded that this concentrated profit-taking, led by Binance users, could indicate a shift in market dynamics, noting: Binance’s increasing dominance in realized PnL flows reinforces its critical role in market sentiment and liquidity. For traders and analysts, it is crucial to closely monitor Binance’s on-chain activity alongside other exchanges to stay ahead of potential volatility. Featured image created with DALL-E, Chart from TradingView

American multinational investment bank Citigroup announced plans to potentially issue its stablecoin, as CEO Jane Fraser revealed during a post-earnings conference call.  As first reported by Reuters, Fraser emphasized the bank’s focus on both the stablecoin initiative and the growing tokenized deposit sector, stating, “This is a good opportunity for us.” As the third-largest lender in the United States, Citigroup is also exploring solutions for reserve management related to stablecoins and providing custody services for cryptocurrency assets. Citigroup’s Plan For New Stablecoin Initiative This announcement follows a strong second-quarter performance for Citigroup, which saw its shares reach their highest levels since the 2008 financial crisis.  The bank reported earnings that exceeded Wall Street expectations and unveiled plans to buy back at least $4 billion in stock, further bolstering investor confidence. Related Reading: Unraveling The Bitcoin Boom: Experts Decode Record $123,000 Surge The timing of Citigroup’s stablecoin discussions coincides with the Republican Party’s “Crypto Week,” a campaign aimed at advancing crucial legislation to establish a regulatory framework for digital assets.  Among the key proposals is the GENIUS Act, designed to facilitate the adoption of stablecoins within the traditional financial ecosystem. However, the path to regulatory approval has faced challenges.  Legislative Setback For Crypto President Donald Trump called for swift passage of the GENIUS Act and the CLARITY Act, promoting them as pivotal for the United States to maintain its leadership in digital assets. In a Tuesday post on Truth Social, Trump proclaimed: The House will soon VOTE on a tremendous Bill to Make America the UNDISPUTED, NUMBER ONE LEADER in Digital Assets – Nobody does it better! The GENIUS Act is going to put our Great Nation lightyears ahead of China, Europe, and all others, who are trying endlessly to catch up, but they just can’t do it. Digital Assets are the FUTURE, and we are leading by a lot! Get the first Vote done this afternoon (ALL REPUBLICANS SHOULD VOTE YES!).  Despite this push, the House of Representatives voted against the bill, with the final tally standing at 196-223. Notably, 13 Republican representatives joined Democrats in opposing the motion, marking a rare instance of dissent within the party. Related Reading: TD Cowen Projects Bitcoin At $155K By Year-End, Raises Strategy’s Price Target Fox journalist Eleanor Terret reported that some House members expressed concerns that the GENIUS Act could inadvertently pave the way for a Central Bank Digital Currency (CBDC).  However, the bill includes provisions explicitly prohibiting the Federal Reserve from directly offering services to the public, ensuring that it cannot authorize initiatives like digital wallets or personal accounts related to CBDCs. The ultimate fate of these crucial crypto bills in the US Congress remains to be seen, as does whether this recent decision will cause financial giants to pause their plans to issue or adopt a major stablecoin for their clients. Featured image from DALL-E, chart from TradingView.com 

Bitcoin’s recent price momentum has encountered a pause following the latest US Consumer Price Index (CPI) release, which showed inflation rising to 2.7% in June. The inflation increase appears to have affected investor sentiment. After reaching a new high above $123,000 on Monday, Bitcoin has since declined by roughly 5.4% from that peak, with its price currently trading just above $116,000. The broader crypto market also reacted to the news, with the global crypto market cap valuation dropping by nearly 7% in the past day amid renewed uncertainty about future interest rate policy. While Bitcoin has exhibited a strong uptrend in recent weeks, the latest pullback introduces short-term volatility that analysts are watching closely. One particularly notable development occurred on-chain: a transfer of 10,000 BTC, valued at roughly $1.2 billion, from a dormant address last active over a decade ago. Related Reading: The Bitcoin Liquidity Supercycle Has Just Begun, Says Hedge Fund CEO Historic Bitcoin Transfer Raises Eyebrows, but No Signs of Exchange Activity CryptoQuant analyst Carmelo Alemán shared insights into the large transaction in a recent post titled “10,000 Historic BTC Move On-Chain.” According to Alemán, the transaction occurred on July 14 at 16:17 UTC, moving 10,000 BTC from address ‘bc1q84…7ef6k ‘ to ‘bc1qmu….8v2p.’ These coins had not moved in over 10 years, indicating they likely originated from early miners during Bitcoin’s earliest phases when the block reward was 50 BTC. Alemán noted that such old unspent transaction outputs (UTXOs) often trigger concern about potential sell-offs, but in this case, further analysis suggests a more neutral interpretation. The movement of old coins can occur for various reasons, including UTXO consolidation, wallet upgrades, or potential sales. Alemán explained that this transfer displayed characteristics consistent with consolidation for efficiency and security purposes. For example, the transaction used 16 different inputs, which can help reduce future transaction fees. Additionally, no corresponding inflow to centralized exchanges (CEXs) was detected, typically a key signal when holders intend to liquidate. The analyst also pointed out that two small test transactions were sent to the receiving address before the full transfer. These included a 0.00089 BTC and a 1 BTC transaction, commonly used to verify wallet accessibility before moving a large sum. Interestingly, two hours after the initial transaction, the same destination wallet received another transfer of 10,009 BTC, bringing the total to more than 20,000 BTC moved in the span of a few hours. Implications for Market Behavior and On-Chain Trends While the transaction did not lead to immediate market selling, it has added to ongoing discussions about the role of long-term holders in Bitcoin’s supply dynamics. Large transfers from early addresses are rare and often interpreted as strategic reorganization of funds. Alemán noted that the absence of exchange-related activity makes it unlikely that the coins are being liquidated in the short term. Related Reading: Spot Volume Drop on Binance Preceded Bitcoin’s Price Surge, Data Shows However, he cautioned that such movements warrant continued monitoring, particularly if additional large transfers follow or if the recipient wallet later transacts with exchanges. Featured image created with DALL-E, Chart from TradingView

In a major blow for the crypto industry, several bills championed by President Donald Trump failed to pass a crucial procedural vote in the House of Representatives on Tuesday.  According to CNBC, the final tally stood at 196-223, with 13 Republican representatives siding with Democrats to block the motion, marking a rare moment of dissent among House Republicans. House Rejects Key Crypto Legislation The proposed legislation included notable measures such as the GENIUS Act, which aimed to establish regulatory clarity for cryptocurrencies including stablecoins, which have gained notable traction over the past months among traditional firms.  In light of the failed vote, House leadership has indicated plans to hold another vote later in the day. However, it remains uncertain whether this subsequent vote will address the same bills or if amendments will be made to appease those who opposed the original motion. Related Reading: Unraveling The Bitcoin Boom: Experts Decode Record $123,000 Surge This vote occurred during “Crypto Week,” a period enthusiastically promoted by President Trump in an earlier Tuesday post on the social media site X (formerly Twitter), in which the president stated: The GENIUS Act is going to put our Great Nation lightyears ahead of China, Europe, and all others, who are trying endlessly to catch up, but they just can’t do it. Digital Assets are the FUTURE, and we are leading by a lot! Get the first Vote done this afternoon (ALL REPUBLICANS SHOULD VOTE YES!). Market Reacts Negatively Despite the optimism surrounding “Crypto Week,” the failure of the vote sent ripples through the market. Notable crypto-linked stocks took a hit in response, with shares of stablecoin issuer Circle (CRCL) plummeting more than 7% toward $195.  Related Reading: TD Cowen Projects Bitcoin At $155K By Year-End, Raises Strategy’s Price Target After the news broke, crypto exchange Coinbase (COIN) also saw its stock decline by over 4%, while digital asset firm Marathon Digital Holdings (MARA) experienced a dip of more than 2%. Featured image from DALL-E, chart from TradingView.com

In a major display of bullish momentum, the market’s leading cryptocurrency, Bitcoin (BTC), surged to a new record high on Monday, surpassing $123,000 for the first time.  US House Kicks Off ‘Crypto Week The Bitcoin price climbed more than 90% year-to-date with Monday’s rally, reaching $123,200, and reflecting a nearly 15% increase over the past month.  This upward momentum coincides with the US House of Representatives’ “crypto week,” which will feature debates on legislation aimed at reducing regulatory hurdles that have long been viewed as obstacles for the cryptocurrency sector. Related Reading: Fibonacci Maps Dogecoin Path To $23—Is It Too Far-Fetched? One of the key pieces of legislation set for discussion in the House is the GENIUS Act, which aims to establish regulatory frameworks for stablecoins. Proponents of the GENIUS Act argue that it is a groundbreaking initiative that formalizes a critical aspect of the cryptocurrency industry.  They believe it will enhance consumer protections, facilitate the entry of traditional financial institutions, and contribute to the growth of the digital currency market. Conversely, critics assert that the bill represents a “weak set of regulations” that may not adequately safeguard consumers or prevent illicit trading activities involving stablecoins. Growing Support For Crypto Regulation In addition to the GENIUS Act, the House will also debate measures to clarify the federal government’s regulatory approach to cryptocurrencies and proposals that could prevent the Federal Reserve from issuing its own digital currency.  Bryan Armour, director of passive strategies research at Morningstar, remarked that this legislative push reflects a series of favorable developments for the crypto industry since President Donald Trump’s election in November. Since then, Bitcoin’s price has surged nearly 80%. As “crypto week” unfolds, Armour suggests it signals a continuation of supportive policies under the Trump administration. However, Trump’s involvement in the cryptocurrency space has raised concerns about potential conflicts of interest.  For instance, his backing of World Liberty Financial’s stablecoin, USD1, has led to significant investments in major exchanges like Binance, which critics say creates opportunities for Trump’s business to profit.  Despite these concerns, Trump has denied any wrongdoing, and a White House spokesperson has stated that his financial assets are managed in a trust to avoid conflicts. Bitcoin ETFs Propel Price Surge  The recent surge in Bitcoin prices has also been fueled by the US approval of Bitcoin exchange-traded funds (ETFs) last year. These investment vehicles have proven to be successful, with record-breaking amounts of capital moving into them. Related Reading: Prepare For ATHs: ‘XRP Train Has Left The Station – Analyst The overall asset value of Bitcoin ETFs has reached a record high of over $158 billion, driven by a wave of investments that included over a billion dollars flowing into these funds on consecutive days last week. Nikhil Bhatia, a finance professor at the University of Southern California, noted that the approval of Bitcoin ETFs has contributed significantly to institutional adoption of Bitcoin, signaling a return to a bullish market sentiment.  As of this writing, BTC’s price has retraced back to the $117,000 level, 4.3% below its recently achieved all-time high.  Featured image from DALL-E, chart from TradingView.com

Coinbase (COIN) is experiencing significant momentum, with its stock poised to reach a record closing high as the cryptocurrency sector enters what the White House has dubbed “Crypto Week.”  The positive trend for the crypto industry has been notable since President Donald Trump took office, culminating in Bitcoin (BTC) hitting record highs beyond the $123,000 level on Monday.  This surge is attributed to favorable legislative developments, the resolution of ongoing lawsuits with the US Securities and Exchange Commission (SEC), and the appointment of regulators who are seen as supportive of the crypto space. COIN Poised For $100 Billion Market Cap Coinbase has had an impressive start to 2025. Analysts at Ned Davis Research emphasized in a recent note that no other company seems to be benefiting as much from the current political climate as Coinbase.  In Monday trading, shares of Coinbase rose by 2% to $394.79, following a record closing high of $388.96 just days earlier. The stock has jumped an impressive 63% this year and is on track to achieve a market capitalization exceeding $100 billion for the first time. Related Reading: Prepare For ATHs: ‘XRP Train Has Left The Station – Analyst A significant turning point for Coinbase came in February when the SEC dropped a lawsuit that had been pending for two years, which accused the company of operating as an unregistered securities exchange.  This victory was followed by Coinbase becoming the first cryptocurrency firm to join the S&P 500, further solidifying its status in the market.  Investors are particularly optimistic as Congress prepares to discuss three bills aimed at clarifying the regulatory framework surrounding the cryptocurrency sector. The legislation has garnered broad support among crypto advocates.  Additionally, the SEC’s decision to move crypto oversight to its more favorable Cyber & Technology unit and repeal a rule requiring financial institutions to treat crypto custody holdings as liabilities has further boosted market confidence. Positive Long-Term Outlook For Coinbase Looking ahead, analysts from Benchmark Equity Research anticipate that Coinbase will successfully petition the SEC to offer tokenized equities on its platform. CEO Brian Armstrong’s “close ties to Trump” are expected to play a role in this endeavor.  Moreover, Coinbase is well-positioned to benefit from the Clarity Act, one of the bills under consideration, which aims to enhance institutional confidence in digital asset trading and holding. Benchmark has maintained a Buy rating for Coinbase, setting a price target of $421. However, some analysts caution that the positive developments may already be reflected in the stock’s current price.  Related Reading: Avalanche Shatters Record With 20M Transactions—Is Real-World Use Finally Here? Owen Lau of Oppenheimer recently assessed the likelihood of the Clarity Act passing at 70% and slightly adjusted his estimates for Coinbase’s trading volume ahead of the company’s earnings report scheduled for July 31. Even if the upcoming earnings release disappoints, experts believe that the underlying momentum of Coinbase will not be significantly affected. Oppenheimer has reiterated an Outperform rating, raising its price target to $417 from a previous $395. Featured image from DALL-E, chart from TradingView.com 

Bitcoin’s rally paused ahead of the U.S. CPI release, with analysts warning that hotter inflation could extend the pullback.

A recent report has found that US President Donald Trump’s official memecoin, TRUMP, had a faster listing process on crypto exchanges than the average memecoin and generated millions of dollars in gains for the platforms. Related Reading: Fibonacci Maps Dogecoin Path To $23—Is It Too Far-Fetched? Crypto Exchanges Profit From TRUMP Memecoin On Monday, news agency Reuters shared an analysis of market data and industry announcements related to the listing of the official TRUMP memecoin on some of the biggest crypto exchanges by market share. In January, President Trump surprised the crypto industry after launching his official token ahead of the start of his presidency. The cryptocurrency quickly skyrocketed to its all-time high (ATH) of $75, yielding significant profits for many early investors. However, the memecoin faced heavy backlash from the community, with several investors calling the President’s crypto venture a “big red flag.” Notably, 80% of the cryptocurrency’s supply was held by the Trump family and their partners, raising concerns over “such a high concentration of ownership”, which can allow the team behind it to “sell large amounts of it at once, collapsing the price for retail investors,” Reuters noted. The report claims that exchanges have been “major beneficiaries of Trump’s embrace of the industry,” as TRUMP has generated millions of dollars in revenue for the 10 largest exchanges reviewed by Reuters. Based on standard fee estimates compiled for the analysis, the crypto platforms allegedly made more than $172 million in trading fees since the token’s listing. Additionally, the token has “favored a small group of investors,” with 45 crypto wallets making around $1.2 billion in profits over the past six months. Nonetheless, as the token trades at 87.1% below its ATH, 712,777 wallets accumulate a collective loss of $4.3 billion, according to Bubblemaps data. Presidential Token Saw Express Listing Process According to the report, the largest exchanges, including Binance, Gate.io, Bitget, MEXC, OKX, Coinbase, Bybit, Upbit, Crypto.com, and HTX, listed Trump’s token “with unusual speed” compared to other recent prominent memecoins, despite the industry’s concerns. Reuters’ analysis showed that eight of the 10 largest crypto exchanges listed TRUMP within the first 48 hours since its launch. Coinbase listed the memecoin three days later, while Upbit added the token nearly a month later, on February 13. Meanwhile, the same 10 exchanges took significantly more to list Pepe (PEPE), Bonk (BONK), Fartcoin (FARTCOIN), and dogwifhat (WIF), the four other largest memecoins launched since 2022. Per the report, all 10 exchanges listed PEPE and BONK, while nine listed WIF, and only seven listed FARTCOIN. For comparison, all 10 exchanges took an average of 129 days to list these tokens, but only took an average of four days to list the presidential memecoin. Bitget, MEXC, and Coinbase reportedly said they listed the token quickly to “respond to overwhelming demand for the $TRUMP coin.” Gracy Chen, Bitget’s CEO, explained in a statement that “the crypto space was buzzing with the hype and, as any other token with a growing craze, it was imperative to add TRUMP.” Related Reading: Bitcoin Ignites Intraday Optimism With A Step Past $119,000 Threshold Chen told Reuters that Bitget also had concerns about the 80% supply figure but said the fact that the upcoming US president announced the coin on his social media accounts “should kind of solve the compliance issue.” “Ultimately, user trading volume, demand … overrode the so-called risky factor here,” Bidget CEO concluded. As of this writing, TRUMP trades at $9.43, a 2.6% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin surged to a new all-time high above $123,000 earlier today after crossing the $120,000 threshold late Sunday night. The move has added more than 10% to its value over the past week, pushing the global cryptocurrency market valuation above $3.87 trillion, inching toward the $4 trillion mark. The current rally has reignited discussions around volume dynamics and accumulation patterns, as analysts monitor potential early signals that may influence near-term market behavior. Related Reading: Bitcoin To Reach $135,000 By September’s Close, Standard Chartered Forecasts Two contributors to CryptoQuant’s QuickTake platform, BorisVest and Darkfost, have highlighted technical patterns that emerged before and during Bitcoin’s latest breakout. Their analyses suggest a combination of shrinking spot volume and surging accumulation activity may have played a role in driving prices higher. These insights provide a more nuanced view of the forces behind Bitcoin’s recent surge, particularly at a time when market participants weigh upside potential against the possibility of volatility in uncharted price zones. Volume Drop on Binance Preceded Breakout, Analyst Says According to BorisVest, a notable collapse in spot trading volume on Binance preceded Bitcoin’s move out of the $100,000 to $110,000 consolidation range. In his post titled “Binance Spot Volume Collapsed Before Bitcoin’s Breakout: Was It a Hidden Squeeze Signal?”, he explained that declining spot volumes often represent quiet periods of either accumulation or distribution. Binance, due to its liquidity depth and user base, is seen as a reliable proxy for broader crypto market behavior. BorisVest noted that once the breakout began, trading volume spiked sharply. While such spikes can indicate local tops or bottoms, in this case, the surge in volume did not trigger a reversal but instead accelerated the rally. “That’s a strong signal. If the move had no real backing, we would have seen a fast pullback. Instead, Bitcoin kept pushing higher,” he wrote. He emphasized that volume acts as a roadmap for identifying zones of trade concentration and potential shifts in sentiment, cautioning that while Bitcoin’s recent move appears structurally strong, market participants should be aware of the risks tied to high volatility zones. Accumulator Addresses Hit 2025 High Amid Price Surge In a separate update, CryptoQuant analyst Darkfost observed that Bitcoin “accumulator addresses,” wallets with a history of only buying and not selling BTC, have collectively acquired roughly 248,000 BTC in 2025 so far. This is well above the monthly average of 164,000 BTC, pointing to intensified buying activity in recent weeks. “These addresses have no history of distribution and their continued activity at current price levels indicates long-term positioning,” he said. Darkfost also cautioned that if Bitcoin enters a correction or consolidation phase, some of these wallets could begin selling, which would disqualify them as accumulators and potentially introduce significant selling pressure. Related Reading: Who Flipped The Switch? Bitcoin STHs Accumulate While LTHs Take Profit At today’s prices, the accumulated 248,000 BTC are worth about $30 billion. For now, however, this cohort’s behavior reflects strong confidence in Bitcoin’s long-term trajectory, even as the asset trades at record highs. Featured image created with DALL-E, Chart from TradingView

Bitcoin has reached new milestones this week, briefly breaking above the $123,000 mark earlier today before retracing slightly to $121,812 at the time of writing. This follows a week of strong gains, with BTC rising by more than 10% amid a broader uptrend in the cryptocurrency market. Despite the minor pullback, market analysts are closely monitoring on-chain and derivatives data to assess whether momentum is building toward a more aggressive phase of the rally. The recent surge has also benefited the broader cryptocurrency ecosystem, lifting total global crypto market capitalization to just under $4 trillion. Related Reading: Bitcoin Breaks Records: What Miners and Leverage Traders Are Doing Behind the Scenes While Bitcoin continues to dominate in terms of volume and influence, sentiment metrics suggest that traders and investors may still be approaching with measured optimism. According to analysts, several indicators are now pointing to a potential shift in market dynamics that could influence Bitcoin’s next major move. Market Euphoria Not Yet Confirmed CryptoQuant contributor Joao Wedson has offered insights into the current structure of the Bitcoin market through an analysis of the price gap between spot and perpetual futures contracts on Binance. In a recent QuickTake post, Wedson noted that the spot price of Bitcoin continues to outpace the perpetual futures price, a sign that market sentiment has not yet tipped into full euphoria. Historically, a positive gap between the two markets has signaled increased speculative activity and the onset of parabolic rallies. “The gap is still in negative territory,” Wedson stated, “but the narrowing trend indicates that sentiment may be transitioning from cautious to more optimistic.” The analysis implies that traders in the futures market have yet to aggressively price in further upside, possibly waiting for stronger confirmation before deploying leverage. Should this gap flip to positive territory, it could be interpreted as a sign of increased risk appetite, potentially fueling a sharper upward move. Wedson also emphasized the importance of monitoring how derivatives markets respond in the coming days. “If the trend continues and flips positive, we could see a more intense phase of the rally driven by leveraged traders,” he wrote. Until then, the current environment appears to reflect a market in the process of building a foundation, rather than one that has already entered a euphoric phase. Bitcoin Profit-Taking Remains Measured In another analysis, CryptoQuant’s Enigma Trader examined the Spent Output Profit Ratio (SOPR), a key indicator used to evaluate the extent of realized profits by Bitcoin holders. According to the post, SOPR levels have remained moderately above 1 as BTC hit new highs, suggesting that some profit-taking is occurring, but not at a rate that disrupts the broader trend. The analyst observed that a spike in SOPR around July 3–4 coincided with short-term holders taking profits. Related Reading: The Bitcoin Liquidity Supercycle Has Just Begun, Says Hedge Fund CEO However, this activity did not result in significant downward pressure on price. “This behavior points to a healthy price discovery process,” Enigma Trader noted, adding that such conditions typically support continued upward movement when demand remains intact. Featured image created with DALL-E, Chart from TradingView

Ripple Labs, a crypto payments company, continues to set its ambitions and those of XRP higher than ever as it edges closer to disrupting the global financial messaging giant SWIFT. After Ripple CEO Brad Garlinghouse previously projected that XRP could capture 14% of SWIFT’s volume, new estimates now point to even bolder targets.  How Ripple Securing 20% Of SWIFT Could Impact XRP A new report by Paul Barron, a technologist and crypto analyst, has revealed an updated forecast for Ripple. The report highlights XRP’s growing potential to take on SWIFT in cross-border transactions. Ripple’s ambitions in the global financial infrastructure are becoming more tangible, as new projections suggest that XRP could eventually process up to 20% of SWIFT’s transactional volume.  Related Reading: Analyst Sounds The Alarm: Shiba Inu Primed For Over 1,500% Breakout Notably, these fresh estimates come just a month after Garlinghouse and the Ripple company predicted a 14% share in SWIFT’s volume within five years. Now, with increasing institutional traction, growing market momentum, and rapid adoption, expectations are rising sharply. SWIFT, the global messaging network used by international banks and financial institutions to securely transmit information and cross-border payment instructions, currently handles $150 trillion in annual transaction volume. Based on this large figure, Barron disclosed that Ripple’s previously predicted 14% transactional volume projection would mean $21 trillion flowing annually through the XRP Ledger (XRPL). While 14% of SWIFT’s volume already represents a significant amount, Ripple now believes that XRP could handle an even greater share of the global cross-border payments market. Based on the same calculations used by Barron, if Ripple were to achieve 20% of SWIFT’s volume, it would translate to approximately $30 trillion in annual value flowing through the XRP Ledger.  This projection underscores Ripple’s growing confidence in XRP as a viable alternative to the decades-old SWIFT network. The company has consistently indicated its goals to replace SWIFT, with XRP becoming a central player in transforming the global payments structure. XRP Scaling Potential And Market Implications  The vision of XRP processing a significant amount of SWIFT’s volume annually raises major implications for its scalability, long-term utility and valuation. At such a scale, XRP would not merely be a bridge currency for remittance but a pillar in the future of traditional finance and digital currency markets.  Related Reading: Don’t Hold Back—Expert Recommends Full Stake In XRP Ripple’s strategy hinges on overtaking SWIFT’s legacy system, which has long been criticized for its slow settlement times and high costs. The XRPL, with its near-instant settlement and low transaction fees, presents a modern alternative capable of streamlining transactions at scale. This expanding use case could elevate XRP, possibly even driving its current price of $2.78 higher to uncharted levels. If Ripple can execute its projections and secure 20% of SWIFT’s volume, it would mark a turning point not just for the company but for the broader crypto industry.  Featured image from Unsplash, chart from TradingView

After a powerful breakout last week that pushed Bitcoin into a new all-time high of $118,667, the world’s leading cryptocurrency appears to be taking a breather. As of the time of writing, Bitcoin is trading around $117,953, slightly below its recent peak. The move followed a string of consecutive daily gains as bullish momentum swept across the crypto industry. In a technical analysis shared on the TradingView platform, crypto analyst RLinda pointed out two scenarios that may play out over the coming days and weeks, depending on how Bitcoin reacts to nearby resistance and support levels. Related Reading: Don’t Hold Back—Expert Recommends Full Stake In XRP Support Zones Could Affect Bitcoin’s Next Big Move RLinda’s technical analysis begins with identifying the significance of Bitcoin’s recent all-time high. Although Bitcoin has entered what seems to be a consolidation phase, there’s no confirmed top just yet. The market structure still favors bullish continuation, especially considering Bitcoin is just coming out of a prolonged two-month consolidation zone and entering a realization phase. According to the 1-hour candlestick price chart, Bitcoin is currently trading just above a support area below $117,500. If Bitcoin fails to hold this zone, the leading cryptocurrency could kick off a cascade of corrections that could drive the price to $115,500, then potentially to $114,300, and even back to the previous all-time high of $111,800.  Below that, the 0.5 and 0.705 Fibonacci levels around $113,031 and $111,960 respectively may act as temporary cushions. The last major defensive buy zone is around $110,400, where bulls may step in for a bounce. Basically, what this means is that if Bitcoin loses the support level at $115,500, it could slip back to $110,000 before encountering another strong buy support zone. Image From TradingView: RLinda Bitcoin To $125K, But It Must Breach Resistance First On the other hand, Bitcoin can still push above $118,000 and increase to $125,000, but only under certain conditions. The condition of the rally’s continuation depends primarily on Bitcoin registering a decisive daily close above $118,400 and $118,900. In her words, a daily close above these price levels would hint at a “breakout of structure.” This, in turn, would confirm a transition from consolidation into another impulsive phase upward. In essence, both the bearish and bullish outlooks depend on how Bitcoin reacts at any of the important zones, either support at $116,700 or resistance above $118,400 before making a directional move. However, it is important to note that the consolidation after last week’s rally could last for weeks or even months, much like we’ve seen in previous rallies this cycle. According to the Long-Term Holder Net Unrealized Profit and Loss (NUPL) metric from Glassnode, Bitcoin’s current level of long-term profitability sentiment is at 0.69. This is notably below the 0.75 mark associated with euphoric market conditions, despite Bitcoin having just printed a new all-time high. Image From X: Glassnode Related Reading: Analyst Sounds The Alarm: Shiba Inu Primed For Over 1,500% Breakout Bitcoin spent around 228 days above the 0.75 euphoria threshold in the previous bull market cycle. In contrast, this current cycle has only seen about 30 days above that level, which suggests long-term holders have not yet fully exited into profit and the leading cryptocurrency hasn’t reached overheated conditions. Featured image from Unsplash, chart from TradingView

Ethereum has finally touched the $3,000 price level once again after spending weeks trading in a narrow range beneath $2,800. This recent breakout, although brief, marks the first time Ethereum reclaimed this level since early February. According to technical analyst Merlijn The Trader, Ethereum’s next destination after breaking past $3,000 is already in sight. Related Reading: Don’t Hold Back—Expert Recommends Full Stake In XRP Bull Flag Breakout Points To Measured Move For Ethereum Ethereum went through an interesting rally last week alongside Bitcoin’s push to new all-time highs. However, this Ethereum price rally, which saw it touch $3,000 again, wasn’t based on momentum spillover from Bitcoin alone. This is because Ethereum itself experienced significant institutional interest from Spot Ethereum ETFs.  According to data from SoSoValue, US-based Spot Ethereum ETFs recorded a combined $907.99 million in inflows last week, their best week since the products launched in July 2024. Thursday, July 10, alone was highlighted by inflows of $383.10 million, making it the largest single-day inflow for any Ethereum ETF in 2025 so far. In a post shared on the social media platform X, crypto analyst Merlijn pointed to a confirmed bull flag breakout on Ethereum’s daily candlestick timeframe chart. Interestingly, the technical setup proposed by the analyst follows a falling wedge reversal that preceded the current uptrend.  According to the chart attached to his analysis, the falling wedge that led to the reversal was formed from the December 2024 highs to the April 2025 lows, with the breakout occurring in mid-May. The breakout eventually saw Ethereum entering into a tight flag-like consolidation that spanned between May and June, until the most recent breakout above $2,700. That pattern has now resolved to the upside, and the next technical level of interest is a measured move based on the price action that formed the pole of the bull flag. This measured move places the next technical level of price interest at $3,834.  Image From X: Merlijn The Trader 80% Of ETH Now In Profit On-chain indicators further validate Ethereum’s current strength. According to data from on-chain analytics platform Santiment, Ethereum’s price action has been dancing around the $3,000 mark since Friday, crossing it multiple times intraday. During this back and forth, 124.13 million ETH out of the 155.04 million total supply crossed into profitability, which represents 79.96% of all tokens. This reading is particularly interesting as it is the highest percentage recorded since January 2025. Image From X: Santiment The same data shows Ethereum is just 13 million coins away from matching the total supply in profit at its previous all-time high of profitability recorded in December 2024. This shift toward a profit-heavy network state tends to encourage holding behavior and long-term conviction, which could translate into reduced sell pressure in the coming week. This, in turn, could see Ethereum close a daily candle above $3,000 and move toward the $3,834 price target during the new week. Related Reading: Analyst Sounds The Alarm: Shiba Inu Primed For Over 1,500% Breakout At the time of writing, Ethereum is trading at $2,960, up by 17.5% in the past 24 hours. Featured image from Unsplash, chart from TradingView

Bitcoin has surpassed its previous all-time high, reaching $118,254 and marking a notable milestone in its price trajectory. This latest milestone comes after BTC’s former high at $111,000 levels in May, representing a 10% gain over the past week and roughly 5.9% in the last 24 hours. At the time of writing, Bitcoin is trading at approximately $117,584. The sharp price increase appears to be giving strength to activity among both miners and leveraged traders, prompting a closer examination of current market behavior. Analysts monitoring on-chain activity have flagged a resurgence of miner activity alongside a rise in derivative positions, suggesting multiple forces may now be contributing to price movements. Related Reading: Research Predicts $160,000 Bitcoin By EOY—If Treasury Firms Hold As these two segments of the market engage more actively, questions are emerging around the sustainability of this rally and whether these behaviors signal confidence or caution. The current on-chain environment shows both selling pressure from miners and increased exposure from long-positioned traders. Bitcoin Miner Activity Rises Alongside Price Surge One of CryptoQuant’s QuickTake contributors, Arab Chain, observed a marked increase in miner activity as Bitcoin crossed the $118,000 level. According to the analyst, this uptick in activity is tied to miner transfers to exchanges, marking the first such increase since May 23. This trend suggests miners could be taking advantage of recent price gains to realize profits. As Arab Chain explained, “The continued activity of miners, coupled with Bitcoin’s price rising to new highs, clearly indicates that they are selling Bitcoin.” Despite this renewed transfer volume, miner behavior has not yet reached the scale of over-the-counter (OTC) selling seen in previous months. Historically, large-scale selling by miners has introduced notable volatility into the market, particularly when sustained across a broader period. The analyst also pointed out the economic leverage miners hold in decision-making, owing to their ability to manage operational costs and balance between holding and selling mined Bitcoin. Whether this increase in exchange flows will develop into heavier selling remains to be seen. Derivatives Market Shows Renewed Leverage Exposure In a separate analysis, CryptoQuant contributor Enigma Trader focused on derivatives market activity, highlighting a 24% surge in open interest from approximately $33 billion on July 1 to over $41 billion by July 11. The timing of this increase coincides with Bitcoin’s breakout above $118,000, and reflects renewed leveraged interest following a reset late last month. This level of open interest suggests that traders are positioning more aggressively, potentially anticipating continued upside. The analyst also noted a shift in funding rates from negative to their highest positive reading in a month, around 0.012% per eight hours. Positive funding indicates that long-positioned traders are paying to maintain their positions, a sign of bullish sentiment. Related Reading: Bitcoin Uptrend Intact, But Binance Activity Warns Of Short-Term Pullback However, Enigma Trader cautioned that such positioning can become precarious if momentum slows. “This setup often fuels upside continuation if spot demand backs it, but also increases the risk of a long squeeze should momentum stall,” the analyst wrote. Featured image created with DALL-E, Chart from TradingView

As the official public sale of Pump.fun’s token approaches, significant activity has emerged across decentralized derivatives exchanges, where large investors appear to be managing risk by taking early positions. Market data shows that whales are interacting with pre-market perpetual contracts, particularly on platforms like Hyperliquid and Binance, as they anticipate potential volatility during the token’s initial coin offering (ICO), scheduled for July 12. Related Reading: Crypto Market Cap On Track To $4.5 Trillion As Q3 Unfolds – Details Perpetual Market Signals Whale Hedging Strategy Three prominent wallets have collectively deposited over $11 million in USDC on Hyperliquid to open short positions on the newly listed PUMP perpetual contract. These trades appear to function as hedges against anticipated allocations in the upcoming token generation event. According to on-chain tracker Lookonchain and explorer Hypurrscan, the structure of these positions, utilizing low leverage and modest open interest compared to margin collateral, suggests a defensive rather than speculative stance. One wallet, identified as “0xAc72,” allocated $4 million in margin and opened a 2x leveraged short valued at approximately $1.07 million at an entry price of $0.00504. This trader’s liquidation point sits at $0.02138, offering a wide buffer that implies the position is less about profit from a downturn and more about offsetting potential downside risk from PUMP exposure in the ICO. Two additional wallets deployed a combined $7 million in margin to open 1x leveraged shorts. Together, these positions amount to roughly $2.39 million in open interest, a small portion of their posted collateral. Hyperliquid’s open interest in PUMP has surpassed $43 million since listing the token in the early hours of Thursday’s European session. Binance followed suit by listing a PUMP perpetual contract, which quickly amassed over $12 billion in trading volume, indicating heightened market anticipation. It is worth noting that the early trading could serve multiple purposes, including valuation locking by whales, arbitrage strategies related to expected airdrops, or speculative profit-taking based on retail momentum. Pump.fun Token Launch Nears as Pricing Premium Narrows The PUMP token initially debuted in pre-market trading at a roughly 40% premium to its ICO price of $0.004. It reached a high of $0.0056 on Hyperliquid before retreating to around $0.0047 levels, a level closer to its public sale valuation. The narrowing premium suggests a recalibration in investor expectations as trading stabilizes ahead of the launch. Pump.fun, a meme-coin launchpad built on Solana, announced the token in June alongside a revenue-sharing initiative for token holders. The token has a total supply of 1 trillion, with 33% allocated to early participants via a private sale (18%) and public sale (15%). The ICO will run from July 12 to July 15 on crypto exchange Bybit, providing a limited window for broader participation. Related Reading: ‘Real’ Crypto Bull Run Just Beginning, Says Analyst—Here’s Why While details of the airdrop mechanics have not been fully disclosed, the ongoing activity suggests that large holders are actively managing their exposure before the distribution phase begins. Featured image created with DALL-E, Chart from TradingView

World Liberty Financial, a decentralized finance (DeFi) platform backed by President Donald Trump and his family, is poised to launch its WLFI token, which could hold significant profits for early investors.  WLFI Token Launch Approaches The company announced on July 4 that it has initiated steps to have its flagship token listed on cryptocurrency exchanges, marking a crucial milestone after months of anticipation.  The WLFI token, which was introduced last year as a non-transferable governance token, is designed to facilitate community voting on the project’s future direction.  Related Reading: Tether Secret Swiss Vault: The $8 Billion Gold Reserve Behind The Stablecoin Secondary market trading has already commenced on platforms like Whales.market and MEXC, where WLFI has recently traded between $0.13 to $0.18, a notable increase from its initial sale prices of $1.5 and $0.5.  According to the project’s white paper, entities affiliated with the Trump family may collectively hold about one-third of WLFI’s total supply of 100 billion tokens. At current prices, these holdings could represent billions of dollars on paper. Bruno Ver, market expert and investor in the WLFI token, expressed optimism about its potential value, predicting it could reach between $2 and $5 in the near future.  If the token were to climb to $2, the stake held by the founding entities could theoretically be worth around $60 billion, making it one of the most lucrative Trump-related crypto ventures to date.  Recent estimates suggest that crypto businesses have already added approximately $620 million to Donald Trump’s personal net worth, according to the Bloomberg Billionaires Index. Experts Warn Of Risks Despite the enthusiasm surrounding WLFI, the White House has emphasized that President Trump is distanced from his business interests, having placed his assets in a family-controlled trust.  The current proposal for token release, dated July 4, aims to unlock a portion of tokens held by “early supporters,” although the term lacks a specific definition within the documentation.  Remaining tokens, including those held by founders and team members, would be subject to future votes and longer lock-up periods to signal a commitment to the project. The proposal is expected to undergo discussion and voting on the Snapshot platform, with a potential timeline extending into August.  Related Reading: Analyst Predicts 2,000% Cardano Rally: ‘Fractal Is Too Clean To Ignore’ However, experts caution that the path to a successful launch might come with risks for early holders. Lex Sokolin, managing partner at Generative Ventures, pointed out that tokens with substantial founder and investor allocations often experience significant price declines over time.  World Liberty Financial’s token launch and the Trump family’s increased interest in digital assets comes on the heels of notable regulatory changes in the US as the Securities and Exchange Commission (SEC) has adopted a more lenient stance toward crypto.  This may signal a sense of confidence from WLFI regarding regulatory scrutiny. Hilary Allen, a law professor at American University, noted that this shift suggests WLFI no longer perceives a threat from the SEC. Featured image from DALL-E, chart from TradingView.com

Bitcoin’s price movement remains in focus as it continues to consolidate just below its previous all-time high. Despite a brief surge that brought it within range of its $111,000 peak, the asset has struggled to establish a breakout. As of the time of writing, Bitcoin is trading around $108,927, representing a 0.2% increase over the past 24 hours. The persistence of this consolidation phase comes amid growing market discussions around spot and derivatives behavior. Related Reading: Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know Binance Spot-Perpetual Delta Reflects Cautious Leverage One of the more notable on-chain observations comes from CryptoQuant contributor BorisVest, who analyzed the prolonged negative delta between spot and perpetual prices on Binance. According to the analyst, this delta has remained in negative territory since December 2024. That means the spot price of Bitcoin has consistently traded above the perpetual futures price on Binance, an unusual structure during what appears to be a bullish market trend. “When the delta flipped negative last December, Bitcoin had just marked a then-ATH,” BorisVest noted. He explained that this divergence signaled an aggressive buildup of long positions in the perpetual market, just before Bitcoin corrected to $74,000. Despite Bitcoin reaching new highs recently, the delta still hasn’t reversed. “The sustained gap shows that leveraged traders have yet to commit to the rally in full,” he added. This trend could indicate a phase of accumulation in the spot market, which historically precedes stronger price movements. The analyst also warned that when perpetual prices eventually flip above spot prices, it may signal a shift toward a more speculative environment. In such scenarios, sudden price corrections could occur if long positions are unwound rapidly. Traders monitoring the spot-perpetual relationship can potentially use this as a signal to adjust their risk exposure. Dollar Weakness May Signal Tailwinds for Bitcoin Another CryptoQuant analyst, Darkfost, highlighted a macroeconomic trend that could further influence Bitcoin’s trajectory, the weakening US dollar. The US Dollar Index (DXY), which tracks the value of the dollar relative to a basket of foreign currencies, is currently trading at its most significant deviation below its 200-day moving average in over two decades. This decline coincides with rising US debt levels and has historically aligned with strength in risk-on assets like Bitcoin. Darkfost pointed out that when the dollar loses its traditional safe-haven appeal, capital often flows toward alternative assets. Related Reading: Bitcoin Price Crash To $92,000 Or New ATHs? Analyst Explains The 2 Options “Historical data shows that these periods have consistently benefited Bitcoin,” the analyst stated. While Bitcoin has yet to respond in full to this shift, the trend could support a future upward move, especially if liquidity continues to increase. Featured image created with DALL-E, Chart from TradingView

On Wednesday afternoon, Bitcoin (BTC) surged to a remarkable all-time high (ATH) of $112,022, breaking free from its previous consolidation phase and lower resistance levels.  Bitcoin Rally Faces Critical Test John Glover, the chief investment officer at crypto lending platform Ledn and a former managing director at Barclays Investment Bank, noted that the recent rally appears to be a retest of the previous all-time high set on May 22, which encountered selling pressure.  As some investors opted to take profits, notable publicly traded companies, including Trump Media & Technology Group and GameStop, have announced their intentions to purchase Bitcoin to bolster their treasuries.  Related Reading: Analyst Predicts 50% “Moonshot” For XRP Price If This Line Breaks Glover emphasized that the competition among these companies to accumulate Bitcoin could significantly impact market dynamics, given that the cryptocurrency’s popularity among publicly traded companies appears to be growing. However, the sustainability of Bitcoin’s rally largely hinges on macroeconomic conditions and developments in trade negotiations. Sid Powell, CEO of crypto asset-management firm Maple, highlighted that any setbacks in trade discussions before President Donald Trump’s August 1 deadline could pose challenges for Bitcoin’s price movement.  Conversely, if trade negotiations progress and inflation continues to ease, the Federal Reserve (Fed) might consider cutting interest rates, which could further support Bitcoin’s upward trajectory. Scenarios For A Potential Breakout Toward $130,000 Market expert Doctor Profit recently took to social media, declaring that Bitcoin’s rally is just beginning. He confidently stated, “THE PARTY IS NOT OVER YET,” predicting a potential new all-time high soon.  His analysis indicates a target range of $120,000 to $130,000 for this cycle. According to Doctor Profit, two potential scenarios could pave the way for this breakout.  The first involves Bitcoin reaching the $113,000 to $114,000 range, followed by a correction to the $92,000 to $93,000 level, which aligns with a major liquidity pool and the CME gap. A rebound from this lower range could set the stage for a rapid ascent toward the $120,000 mark. Related Reading: Pundit Says XRP’s Rise To $1,000 Will Happen A Lot Sooner Than Anticipated The second, more aggressive scenario suggests that Bitcoin could break through the $113,000 to $114,000 barrier and continue its upward momentum without revisiting lower liquidity levels.  In either case, the $113,000 to $114,000 range is critical, as the market’s reaction to this level will significantly influence the speed and direction of Bitcoin’s next leg. When writing, BTC has retraced back toward $111,422, attempting to make this level its new support floor for further price appreciation.  Featured image from DALL-E, chart from TradingView.com 

Tether Holdings, the issuer of the market’s largest stablecoin, USDT, has revealed that it maintains a vault in Switzerland to safeguard an impressive $8 billion stockpile of gold.  According to Bloomberg, the firm’s significant reserve of nearly 80 tons positions Tether as one of the largest gold holders globally, surpassed only by central banks and sovereign nations with the company based in El Salvador expressing intentions to expand its gold reserves further. Tether Reveals 5% Of Reserves In Precious Metals In a recent interview, Tether’s CEO, Paolo Ardoino, emphasized the security of their vault, claiming it to be among the most secure facilities worldwide. While he confirmed the vault’s location in Switzerland, he opted not to disclose its exact whereabouts, citing security concerns. Related Reading: PEPE Traders Spot Breakout Echo—Explosive Surge Back On The Table? Tether is best known for its stablecoin, USDT, which aims to maintain a one-to-one value with the US dollar. According to CoinMarketCap data, USDT dominates the stablecoin market with a capitalization of $158 billion. Circle’s USDC follows closely behind with a capitalization of $61 billion. However, both companies are expected to see a major surge in this metric as the recently approved US Senate stablecoin bill, the GENIUS Act, aims to provide issuers with a new regulatory framework that could further boost adoption and usage of the assets by traditional financial companies. The company also generates revenue by exchanging dollars for USDT tokens and investing the collateral in various assets, including US Treasuries. According to Tether’s latest financial report, precious metals now account for nearly 5% of the company’s reserves. Benefits Of The Gold-Backed XAUT Token In addition to USDT, Tether has introduced a gold-backed token known as XAUT, with each token representing one ounce of gold. Token holders have the option to redeem their XAUT for physical gold, which can be collected directly from the Swiss vault. Related Reading: Ethereum Sees $6 Billion In Tokenized Funds As Big Players Jump In Ardoino articulated a growing belief in gold as a safer asset compared to national currencies, particularly in light of rising concerns over the increasing debt levels in the United States.  He noted that as these concerns grow, investors may seek alternatives, such as gold. The firm’s CEO further highlighted that every central bank within the BRICS nations is actively purchasing gold, which he believes has contributed to the rising price of the precious metal. Per the report, the decision to establish Tether’s own vault rather than relying on traditional precious metals vault operators was primarily influenced by cost considerations.  As of press time, Circle’s newly launched stock, CRCL, has closed the trading day at $204, approximately a 31% gap between current valuations and their record price of $298.   Featured image from DALL-E, chart from TradingView.com 

Bitcoin has continued to trade within a tight range just below its previous all-time high, showing recent signs of upward movement but falling short of reclaiming its peak price. The asset recorded a seven-day high of $110,307, but it has since cooled, with current trading levels around $108,311, representing a slight 0.3% drop over the last 24 hours. While the broader market maintains cautious optimism, several indicators suggest that market participants remain split on where Bitcoin is headed next. Related Reading: Are Bitcoin Retail Traders Back In The Market? On-Chain Data Suggests So Bitcoin Shorts Increase on Binance Despite Price Climb Despite the price strength seen in recent days, certain signals hint at increasing friction between bullish price action and bearish positioning from traders. According to a recent analysis by CryptoQuant contributor BorisVest, Bitcoin’s rise is being met with a counterintuitive decline in funding rates on Binance, the largest crypto exchange by volume. This trend could play a crucial role in shaping short-term market behavior. BorisVest noted that as Bitcoin consolidates within the $100,000 to $110,000 range, funding rates on Binance have gradually declined. This suggests that a significant number of traders are taking short positions—essentially betting that Bitcoin’s rally will soon reverse. The analyst explained that this behavior indicates skepticism about the sustainability of the recent price gains, particularly among retail and leverage-focused traders. “The declining funding rates show that users on Binance are increasingly shorting Bitcoin,” he explained. “This dynamic often creates forced exits as short positions come under pressure, leading to liquidations or forced margin increases. These events can further propel upward price movement as positions get closed out automatically.” Given Binance’s dominance in trading volume, BorisVest emphasized that its funding rate trend serves as a strong proxy for overall market sentiment. If current positioning continues, the market may see a short squeeze, which could accelerate Bitcoin’s momentum toward new highs. On-Chain Metric Flags Caution as NVT Golden Cross Edges Higher While futures market dynamics are drawing attention, on-chain data is also showing signs worth monitoring. Another CryptoQuant analyst, Burak Kesmeci, highlighted the movement of Bitcoin’s NVT Golden Cross metric, a tool used to assess market value in relation to on-chain transaction volume. This metric has historically signaled local tops when it moves above specific thresholds. In his analysis, Kesmeci pointed out that the NVT Golden Cross successfully identified three prior short-term peaks in 2025, each followed by corrections ranging from 9% to over 20%. Related Reading: Bitcoin Exchange Outflows Continue To Rise: Investor Confidence At An All-Time High? The metric currently sits at 1.98, below the 2.2 threshold that has often indicated overheated market conditions, but is trending upward. “While the current level isn’t yet in the danger zone,” Kesmeci wrote, “its upward trajectory could be an early warning that price momentum is beginning to overextend.” However, the analyst cautioned against interpreting the signal as immediately bearish. In previous cases, the NVT Golden Cross remained elevated for several days before a correction followed. This behavior may instead point to continued strength among bulls, at least in the medium term, even if a near-term pullback remains possible. Featured image created with DALL-E, Chart form TradingView

XRP slipped to around $2.22 on July 7, marking a quiet session for the token. That price sits well below what many crypto backers think it should be. Related Reading: Bitcoin Meets Heartbreak In Drake’s Latest Track—Details They point to XRP’s speed, its ability to handle thousands of transfers every second, and a growing list of real‑world partnerships as reasons it’s undervalued. XRP Eyes A Slice Of Remittance Market According to recent projections, the global remittance industry will swell from $783 billion in 2024 to $833 billion in 2025, growing at about 6.4% a year. That same pace is expected to push the total to roughly $1.06 trillion by 2029. Based on reports, if XRP captures 25% of that market and investors value its network at twice its annual volume—similar to big payments firms—the token’s market cap would hit $534 billion. With about 60 billion XRP in circulation, each coin would be worth $8.90. Source: The Business Research Ripple Expands Global Ties Ripple has been busy lining up deals in places that move lots of money overseas. Brazil, Mexico, the UAE, Saudi Arabia, Vietnam, and the Philippines are all on the list. In these markets, people sending cash home often face high fees and slow transfers. XRP’s consensus system lets banks and money‑transfer firms settle payments in seconds, not days. That speed could help push adoption even higher. Legal Clarity Boosts Confidence Based on court rulings, the US now treats XRP sales to retail buyers as not being securities. That change opens the door for more banks and payment companies to jump in without fear of a legal sting. It also gives some larger investors more confidence to hold XRP long term. Purely on network‑value math, XRP at $8.89 would already be a four‑fold jump from $2.22. But crypto markets often bid up tokens beyond those simple models. If growing adoption brings a 4× “demand premium,” XRP could climb all the way to $35.56 by 2029. That scenario assumes Ripple’s partnerships scale up, regulatory risks stay low, and investors see XRP as a must‑have tool for cross‑border payments. Related Reading: Brazil’s Central Bank Hacked—$40M In Crypto Washed In Aftermath Key Risks And Variables Nothing is guaranteed. Market sentiment can swing. Token emissions from escrow or new supply changes could hurt the price. And if banks take longer than expected to roll out XRP‑based services, demand could lag. On the flip side, more use cases—like tokenized assets or on‑demand liquidity—could boost real‑world volume and push the price even higher. Featured image from Meta, chart from TradingView

Despite its choppy price action in the past seven days, the mood in the XRP camp is increasingly bullish. Particularly, XRP is witnessing a wave of bold predictions from several top crypto analysts. This comes just as a major real-world asset tokenization project promises to increase demand and utility for XRP on a global scale by tokenizing $200 million worth of assets on the XRP Ledger. Related Reading: Bitcoin’s True Value Is Higher Than $110,000, Expert Warns Not Bullish Enough On XRP? Crypto analyst CrediBULL is pushing a bold message to the XRP community: the market is still underestimating the altcoin’s bullish setup. In a post on social media platform X, he noted that XRP is currently going on its eighth month of consolidation above its previous all-time high monthly close, which is a feat that few assets in the market can match.  He pointed to this extended sideways movement, especially after a strong impulse off the $0.50 level in late 2024, as evidence that XRP is preparing for a continuation of the breakout. Notably, its monthly candlestick chart shows a tight cluster of monthly candles hovering above the $2.00 range. According to CrediBULL, this structure is one of the cleanest in the crypto space, second only to Bitcoin.  Image From X: CrediBULL Another major contributor to the current bullish narrative is an analyst known as Ripple Pundit, who projected a 35,000% price surge for XRP the moment Ripple announces a banking license. In his post on the social media platform, he predicted that a regulatory greenlight and the final resolution of XRP’s regulatory overhang with the SEC could trigger a significant increase in price. Similarly, market commentator SMQKE drew attention to the explosive XRP price surge in late 2017 and early 2018, during which Ripple cofounder Chris Larsen briefly became one of the wealthiest individuals in the world due to XRP’s quick rally from $0.00065 to $2.5. SMQKE noted that the last cycle was merely a glimpse of what’s coming. The next wave of adoption will be global, fully regulated, and built for scale. In his words, “2018 was just a warm-up.” Technical analyst Ali Martinez added further credibility to the bullish case by pointing out the $2.38 level as the next major resistance. This is based on on-chain data from Glassnode’s UTXO Realized Price Distribution (URPD), which shows a significant XRP volume concentrated at this price level. If XRP manages to clear this area with strong volume, it would not only overcome heavy resistance but also trigger a cascade of buying interest and a major rally. Image From X: @ali_charts Mercado Bitcoin Tokenization Deal On XRPL XRP’s underlying utility is also gaining traction beyond price charts and predictions. Mercado Bitcoin, one of Latin America’s largest digital asset platforms, recently announced plans to tokenize over $200 million worth of real-world assets (including fixed income and equity instruments) directly on the XRP Ledger.  Related Reading: Dogecoin Social Surge: Rising Buzz And Network Use Spark New Interest This initiative supports the bullish thesis for XRP’s price action. At the time of writing, XRP is trading at $2.25, up by 2% in the past 24 hours. Featured image from Pixabay, chart from TradingView

Ethereum’s price action is gearing up for a surge of epic proportions, according to crypto technical analyst MasterAnanda on the TradingView platform.  Ethereum has spent a majority of the past two months consolidating above the $2,425 support zone, in what might be an accumulation phase before a major breakout. Nonetheless, MasterAnanda’s analysis suggests that Ethereum is on the verge of entering its strongest bullish wave in years, with a breakout target that starts at $5,791.  Related Reading: The Silent Bitcoin Accumulation: Public Companies’ Surprising H1 2025 Lead Ethereum To Break Out To At Least $5,791 MasterAnanda’s weekly candlestick chart shows a large ETH wedge pattern with consistently rising lows from June 2022 to April 2025. On the other hand, price highs have been relatively flat, specifically around the March and December 2024 peaks. Ethereum’s behavior since April has been marked by low volatility and sideways movement, which often precedes large market moves. The most interesting move was when its price dropped to as low as $1,470 on April 9 before quickly rebounding and establishing a rounded bottom formation.  Nonetheless, the analyst noted that Ethereum is due a major, major bullish wave. The question is not whether it will happen, but when it will. Now that the current consolidation is sitting right above trendline support, MasterAnanda argues that this formation will soon give way to a powerful bullish wave. The target is a minimum of $5,791, which is based on the 1.618 Fibonacci extension.  Interestingly, the analyst noted that it is possible for the Ethereum price to reach $8,500 or higher in the longer term if it breaks above the resistance trendline, which is currently at $4,000. This prediction is backed by improving fundamentals and current on-chain data showing accumulation through Spot Ethereum ETFs. Wyckoff Accumulation Says It’s Ethereum’s Turn Crypto analyst Ted Pillows shared a separate but related analysis on the social platform X that’s based on a Wyckoff accumulation pattern playing out on ETH’s weekly chart. Pillows called the selloff to the $1,470  low in April as the “Spring” phase of Wyckoff accumulation, followed by a successful “Test” of a September 2024 support around $2,145, and the gradual move back to resistance now.  According to his projection, Ethereum’s breakout will unfold in stages. The first stage is a push to $3,000, then a correction, followed by a rise to $4,000 in Q3. Only after these steps will the parabolic leg truly begin. The parabolic leg, in this case, should take Ethereum above $5,700, if the price action plays out as predicted. Related Reading: XRP’s Time Is Now, Says Pundit—Don’t Snooze On The ‘Biggest Transfer Of Wealth’ His analysis closely aligns with MasterAnanda’s call for a minimum $5,791 target. Just as the Wyckoff accumulation pattern pumped Bitcoin to its most recent all-time high, Ethereum may be on the verge of its own spotlight moment in this ongoing 2025 bull cycle. At the time of writing, Ethereum is trading at $2,516. Featured image from Unsplash, chart from TradingView

Bitcoin is currently holding just above the $108,000 level and bulls are maintaining momentum after a volatile start to July. However, a closer look at on-chain data shows how fragile that position might be.  Interestingly, two support levels, $106,738 and $98,566, are now the most important zones for bulls to defend. These levels represent clusters of addresses holding large amounts of Bitcoin, and losing them could trigger a deeper correction. Related Reading: XRP’s Time Is Now, Says Pundit—Don’t Snooze On The ‘Biggest Transfer Of Wealth’ Bitcoin’s Support Clusters Around $106,000 And $98,000 Taking to the social media platform X, crypto analyst Ali Martinez pointed to two major support levels based on data showing Bitcoin’s purchase clusters. This data is based on Sentora’s (previously IntoTheBlock) In/Out of the Money Around Price metric among addresses that bought Bitcoin close to the current price.  As shown by the metric, the most important current zones of purchase are at $106,738 and $98,566. These two zones are where massive buying activity has occurred in the past few weeks, and they could act as support in case of a Bitcoin price crash.  The first zone, between $104,982 and $108,190, contains 1.68 million addresses with a total volume of 1.28 million BTC at an average price of $106,738. Below the first zone, a larger group of 1.71 million addresses holds a greater volume of 1.25 million BTC within the price range of $95,248 to $98,566, with an average price of $98,566. As long as Bitcoin continues to trade above these levels, the ongoing rally could continue to push upward. However, if these pockets of demand are broken with enough selling pressure, the leading cryptocurrency could enter into an uncertain price zone with little buying interest to provide support. Speaking of selling pressure, on-chain data shows a slowing sell pressure among large holders. According to data from on-chain analytics platform Sentora, Bitcoin recorded its fifth straight week of net outflows from centralized exchanges. The past week alone saw more than $920 million worth of BTC moved into self-custody or institutional products, mostly Spot Bitcoin ETFs. Bitcoin Needs To Break Weekly Resistance For New Highs Even with solid demand zones beneath, Bitcoin’s path to new highs is not yet confirmed. Analyst Rekt Capital weighed in with his analysis, noting that Bitcoin is currently facing a strong weekly resistance band just under $109,000. Particularly, Bitcoin is at risk of a lower high structure on the weekly candlestick timeframe chart. Rekt Capital noted that a weekly close above the red horizontal resistance line must be achieved in order for Bitcoin to reclaim a more bullish stance. That resistance, which is currently around $108,890, is acting as a ceiling for Bitcoin’s upward rally. Related Reading: Dogecoin Social Surge: Rising Buzz And Network Use Spark New Interest As such, Bitcoin would need to make a weekly close above $108,890 to position itself for new all-time highs. Unless there is a convincing break of that level, the price action of Bitcoin could be erratic and susceptible to a retracement to $106,000. At the time of writing, Bitcoin is trading at $108,160. Featured image from Unsplash, chart from TradingView

Bitcoin has held steady around the $108,000 price level in recent days. After bouncing back from a brief pullback near $105,500 on Wednesday, Bitcoin recently tested $109,000 again in the past 24 hours. A popular crypto analyst has shared a long-term “Bitcoin Bull Run Cheat Sheet” that claims that the cryptocurrency has now entered into the final phase that will lead to massive price gains. Related Reading: The Silent Bitcoin Accumulation: Public Companies’ Surprising H1 2025 Lead Bitcoin Cheat Sheet Declares Start Of Final Bull Phase In a recent post on X, Merlijn The Trader released what he dubbed the “Bitcoin Bull Run Cheat Sheet.” This cheat sheet is a breakdown of Bitcoin’s past market movements that shows the distinct phases of bear markets, accumulation zones, and subsequent parabolic bull runs.  The cheat sheet divides each of Bitcoin’s two previous cycles from 2014 into three colored boxes: red for bear markets, orange for accumulation, and green for bull runs. Merlijn’s chart traces this repeating structure over the past decade, showing how each bull market followed a similar rhythm that began after a lengthy consolidation period and ended with a strong price explosion. The first full cycle began with Bitcoin’s peak around $1,000 in December 2013. Following that top, the price entered a long, painful bear market that spanned into 2015. This red-box phase eventually transitioned into accumulation, where Bitcoin traded sideways between $80 and $500 for a prolonged period. The green bull run box on the chart began around early 2017, and eventually ended with a peak just below $20,000 in late 2017. According to the cheat sheet, this entire cycle from peak to new peak lasted 1500 days. Bitcoin’s second cycle kicked off after its December 2017 top. A long drawdown followed, and the bear market phase dragged Bitcoin down to $3,000 by the end of 2018. The chart marks this point with another red box, followed by the orange accumulation zone that stretched well into 2020.  The cheat sheet’s green box reappeared in late 2020 right as Bitcoin broke above its previous highs. The price shot up throughout 2021 and eventually reached a new all-time high around $69,000 in November of that year. This second full cycle was shorter than the first and spanned around 1400 days from the previous top. When Will The Next Bull Run Begin? The current cycle began with Bitcoin’s all-time high in November 2021. Since then, the market has gone through its familiar sequence. A sharp decline into 2022 which bottomed around $15,000 represents the bear market phase. The decline was followed by nearly a year of sideways movement and slow recovery up until early 2025. This is represented as the orange accumulation box on the cheat sheet above. According to the analyst, Bitcoin is now in the next bull phase, and possibly the largest one yet. The chart projects a continuation along the long-term growth curve, possibly toward the $250,000 to $300,000 range over the coming year. Notably, the timeline for the entire cycle this time should take about 1,300 days from late 2021 to complete. Related Reading: Dogecoin Social Surge: Rising Buzz And Network Use Spark New Interest At the time of writing, Bitcoin is trading at $108,260. Featured image from Pixabay, chart from TradingView

Chainlink (LINK) is trading at $13.36, following a 3% drop in the past 24 hours, which places the altcoin approximately 74% below its all-time high of $52.70, recorded in May. Despite this short-term dip, LINK has held onto weekly gains of around 2.4%, suggesting broader market participants may still be weighing its long-term potential. While price remains rangebound, recent on-chain data indicates that LINK’s price action could be the result of diverging behavior between retail and institutional investors. Related Reading: Chainlink (LINK) On Standby: Bitcoin’s Next Move Holds The Key Chainlink Institutional Accumulation and Supply Pressure CryptoQuant contributor “Banker” highlighted a growing structural dynamic in the LINK ecosystem in a recent QuickTake analysis titled “LINK’s Accumulation Standoff: Whales Build, Retail Waits.” The report outlines how LINK is currently in a consolidation phase between $12 and $15, where institutional actors have been steadily accumulating tokens, while retail users remain largely passive. This discrepancy may be playing a key role in capping upward momentum despite persistent LINK outflows from centralized exchanges. According to Banker, exchange netflows for LINK have remained negative at roughly -100,000 LINK per week, signaling that more tokens are being withdrawn from trading platforms than deposited. This behavior is typically associated with accumulation activity, particularly from larger holders or “whales” who may be positioning for longer-term appreciation. Historical spikes in retail deposits, such as the +5 million LINK deposited in March 2025, have proven to be exceptions rather than the norm, as retail activity has since remained subdued. Supporting this view, active LINK addresses have hovered consistently between 28,000 and 32,000 per day, while transaction counts average around 9,000 daily. These figures have not rebounded from previous activity peaks seen in late 2024, even as Chainlink’s oracle usage has expanded. Meanwhile, elevated levels of exchange withdrawals, peaking at over 3,000 per day in Q4 2024, remain a dominant force. With leverage metrics staying neutral, whales have been able to withdraw LINK without introducing significant price volatility, resulting in a 40% year-to-date drop in exchange reserves. Market Outlook Hinges on Retail Reentry or Whale Fatigue As LINK’s consolidation persists, the path forward may depend on a shift in market dynamics. Banker points out that a meaningful breakout will likely require renewed participation from retail traders, as evidenced by a spike in active wallet addresses and transaction volume. Related Reading: Chainlink Holders Set Record As 1-Yr MVRV Signals ‘Opportunity’ If these metrics rise and price breaks above the $15 price mark, momentum could build for a stronger upward trend. On the other hand, a decline in whale-driven withdrawals or an increase in exchange inflows could weaken accumulation, potentially pushing LINK back down toward the $10 level. Banker added: Until catalysts emerge, whales silently build positions, echoing Bitcoin’s 2023 consolidation before its 2024 surge. Featured image created with DALL-E, Chart from TradingView

The Bitcoin market now appears to be seeing a notable surge in its momentum, with the asset finally breaching the $110,000 mark to inch really close to its all-time high. The asset has so far registered a 24-hour high of $110,117, less than 3% increase away from its all-time high of $111,814 registered in May. At the time of writing, BTC trades back at $109,000 levels, marking a 1.3% increase in the past day. While the price action alone has fueled speculation of an imminent breakout, several analysts suggest that deeper structural shifts within the market are at play. On-chain data particularly reveals changes in whale activity, exchange flows, and stablecoin dynamics that could offer clues about the market’s next move. Related Reading: Bitwise Just Sounded The Alarm—Bitcoin Could Explode Soon Signs of Reduced Bitcoin Selling Pressure and Upward Bias CryptoQuant analyst Crypto Dan shared a detailed view of the current state of Bitcoin’s price structure, emphasizing a broader directional change in the market that began in April. According to the analyst, Bitcoin’s recent price resilience can be attributed to a noticeable decline in selling pressure from US-based institutional investors and whales. These large players, who were previously offloading significant holdings, have shifted into accumulation mode in recent months. Dan explained that Bitcoin appears to be in a transitional phase. He observed a gradual fade in sell-side activity from major US wallets since April, and that drop has been met with stable buying pressure. This suggests that institutions are no longer offloading positions but are maintaining or adding to their holdings. Dan added that the current consolidation, marked by Bitcoin’s price hovering above the $100,000 range, is allowing short-term overheated indicators to cool down. Dan noted: While the possibility of a correction remains, the broader market direction continues to be upward, so I will maintain my perspective and look forward to the second half of 2025. Overall, this could mean that the ongoing price action in the market may be the calm before a longer-term move upward, assuming macro conditions remain supportive. Exchange Outflows and Liquidity Trends Paint a Risk-On Picture Adding further context, another CryptoQuant contributor, Novaque Research, pointed to recent shifts in on-chain flows and broader liquidity conditions. According to their data, exchange outflows have picked up notably since late June, with some days seeing over 10,000 BTC withdrawn. Such behavior typically signals long-term investor confidence and a reduced likelihood of near-term sell pressure. Additionally, the report noted that miners have remained largely inactive in terms of selling despite BTC trading above $100,000. Related Reading: Whales Are Quietly Repositioning, Here’s What Bitcoin’s $107K Price Isn’t Telling You This suggests confidence in price sustainability and possible anticipation of more favorable financial conditions. Meanwhile, stablecoin activity has also shown key changes. Both USDC and USDT supply ratios on exchanges have been trending downward since mid-June, indicating capital is sitting idle rather than flowing into spot markets. Novaque noted that investors may be on the sidelines waiting for confirmation, but the structural behavior is leaning toward accumulation. Featured image created with DALL-E, Chart from TradingView

Ethereum (ETH) has recently experienced a significant resurgence, reaching a three-week high of $2,600 after a notable spike on Wednesday. This uptick comes at a time when a key company is considering ETH as a potential treasury reserve asset, underscoring renewed interest in the cryptocurrency. Forecasting $7,000 Potential Despite being one of the poorer performers among the top ten cryptocurrencies, with a year-to-date decline of 24%, Ethereum’s recent 6% surge has allowed it to outpace competitors, including Bitcoin (BTC), which is close to its all-time high.  Crypto analyst Alek Carter has also expressed a bullish outlook on Ethereum (ETH), drawing parallels between the current price patterns and those observed in 2020.  Related Reading: Public Firms Snag 131,000 BTC, Surpassing ETFs In Bitcoin Purchases He describes the recent movements in ETH’s chart as reminiscent of the “dead cat bounce” phenomenon—a term used to describe a temporary recovery in price after a significant decline—followed by a final retest before a substantial upward trend. Carter points out that Ethereum underwent a similar trajectory in 2020, where it initially experienced a dip before rebounding sharply to reach a peak of over $3,500.  He believes that the recent completion of what he terms the “final retest” suggests that Ethereum is poised for another significant rally. If the current setup mirrors the previous cycle, Carter anticipates that ETH could potentially reach a new high of $7,000. Bullish Sentiment For Ethereum The bullish sentiment surrounding ETH is further reflected in the performance of stocks associated with the cryptocurrency. BitMine, a Bitcoin mining company that recently announced plans to make ETH its primary treasury reserve, saw its stock soar by about 20%, with an increase of over 1,000% since the announcement.  Similarly, SharpLink Gaming, which has adopted an ETH treasury strategy, experienced an 11% rise, while Bit Digital, which shifted its focus from Bitcoin mining to Ethereum treasury and staking, gained more than 6%. Moreover, the recent interest in ETH is evident in the performance of Ethereum ETFs, which saw inflows of $40 million on Tuesday, led by BlackRock’s iShares Ethereum Trust. A Experts also highlight that ETH’s smart contract capabilities have established it as a leading platform for the tokenization of traditional assets, including US dollar-pegged stablecoins.  The ‘Backbone’ Of Stablecoins? Fundstrat’s Tom Lee characterized Ethereum as “the backbone and architecture” of stablecoins, given that issuers like Tether (USDT) and Circle’s USD Coin (USDC) operate on its network. Additionally, BlackRock’s tokenized money market fund, known as BUIDL, launched on Ethereum last year. Tokenization itself represents a transformative process, allowing digital representations of publicly traded securities and real-world assets to be issued on blockchain networks.  While holders of tokenized assets do not possess outright ownership, the mechanism opens up new avenues for investment and asset management. Related Reading: Michael Saylor’s Strategy Set To Yield $14 Billion Profit In Q2, Bloomberg The latest wave of interest in Ethereum and related assets follows Robinhood’s announcement to enable trading of tokenized US stocks and ETFs across Europe.  This development comes on the heels of a growing interest in stablecoins, spurred by Circle’s IPO and the Senate’s passage of the GENIUS Act, a proposed stablecoin bill that aims to provide a new framework for these assets to integrate in the broader financial landscape. Featured image from DALL-E, chart from TradingView.com