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Bitcoin’s price rally has hit turbulence over the past 48 hours, and this has opened the door for bearish voices to resurface. After reaching a fresh high of $124,128 just three days ago, the leading cryptocurrency has since declined by about 4.8%, sliding back to the $117,000 to $118,000 price zone at the time of writing. This pullback has opened up a possibility that the much-anticipated macro top may already be in, and further downside may be possible if there is a lack of bullish momentum. Related Reading: Trump Coin Jumps 10% On Canary Capital ETF Filing: Details Analyst Maps Out Bearish Bitcoin Wave Structure Bitcoin showed signs of building on in early August after bouncing off a low around $112,000. However, after its latest high at $124,128, sellers quickly stepped in, pulling the price down. The decline has been accompanied by fading short-term momentum. Although it might be too early to conclude, relative strength index (RSI) readings are starting to point to a bearish divergence on the 4-hour candlestick timeframe chart. Taking to the social media platform X, crypto analyst CasiTrades outlined what they believe could be the start of a larger ABC corrective structure for Bitcoin. According to the projection, Bitcoin may be entering Wave A, which consists of a five-wave corrective structure that could send the price to as low as $77,000 at the macro 0.382 Fibonacci retracement.  The roadmap of this price crash envisions an initial Wave 1 drop to $112,000, a brief Wave 2 recovery back to $120,000, and then another Wave 3 decline into the $89,000 range. After this, the next step is a Wave 4 retest break of $100,000 before reversing into Wave 5, which brings the ultimate Wave A bottom at $77,000. Chart Image From X: CasiTrades The accompanying chart posted by the analyst shows the wave counts with subwave precision. Interestingly, the analyst also pointed out that the ultimate macro target for the end of this correction is at $60,000, right at the golden 0.618 Fibonacci retracement. This is at the macro level and can only come to fruition if the ABC corrective waves play out to completion. A Bearish Tone Amidst Bullish Predictions This analysis introduces a sobering counterpoint at a time when many forecasts continue to paint Bitcoin as being on track for $150,000 and beyond. Even though strong institutional inflows and technical milestones, such as the realized price flipping above the 200-day moving average are bullish indicators, the bearish scenario from CasiTrades could still be valid.  If Bitcoin fails to reclaim bullish momentum, the current correction could change into something deeper, making the $124,000 high not just a pause but the macro top of this cycle. Related Reading: XRP Chatter Reaches Ride-Share Drivers — Small Survey Shows Mixed Results Although many cryptocurrencies have largely followed Bitcoin’s movements this cycle, CasiTrade’s analysis isn’t a bearish case for the entire crypto market. According to the analyst, if this bearish case plays out, it could cause the long-discussed capital rotation out of Bitcoin and into large-cap altcoins, some of which may surge to new all-time price highs even as Bitcoin retraces. At the time of writing, Bitcoin was trading at $118,203. Featured image from Unsplash, chart from TradingView

Bitcoin’s smaller cousin, XRP, has drawn fresh bullish bets after it held above the $3 mark in July. According to trading charts and public commentary, the token first pierced $3 in January 2025 — its highest point in seven years — then pulled back before reclaiming that level in mid-July. Related Reading: Trump Coin Jumps 10% On Canary Capital ETF Filing: Details The comeback has some analysts reading the move as a change in market structure, and price sits near $3.12 as momentum checks continue. Trendline Breakouts And Support Flip According to analyst Steph, a breakout above a long-running descending trendline on the weekly XRP chart is what matters now. Steph points to the flip of $3 from resistance into support as a classic technical cue. He used historical weekly charts to argue that past breakouts from similar trendlines often led to strong rallies, and he highlighted that pattern going back to 2022 when price action began to shift more visibly. This is the hardest #XRP bull market ever. Congratulations if you’re still here. We will get rich! pic.twitter.com/cLltUs7MQj — STEPH IS CRYPTO (@Steph_iscrypto) August 12, 2025 A Pattern Seen Several Times Since 2022 Reports have traced the same setup across multiple cycles. After the Terra collapse in May 2022, XRP fell and formed a descending trendline that broke in September 2022, sending price to a high near $0.55. Later, a new trendline formed and then broke around the SEC vs. Ripple ruling in July 2023, which preceded a move toward $0.94. The most recent big run took XRP to about $3.4 in January 2025, after a breakout following the November 2024 US elections. Those episodes form the backbone of the “repeat pattern” case. Analyst Targets And Differing Calls Steph projects a potential rise to $14 from roughly $3.12 now, which would equal about a 340% gain. According to his messaging, some traders who sold early took profits, while others who held could see larger returns if the thesis plays out. Based on reports, some commentators have voiced similar targets, saying when XRP traded near $2, that the token was poised for a major breakout and pointed to Fibonacci levels toward $14, while others put a $14 minimum target on the table last March. Related Reading: XRP Chatter Reaches Ride-Share Drivers — Small Survey Shows Mixed Results What To Watch Going Forward Volume on any push above recent highs will tell the story. Keep an eye on whether $3 stays as support and whether the weekly breakout holds as price moves higher. Also watch how long consolidation around $2 lasted — more than five months — because long flat bases can precede sharp moves if buyers return in force. Derivatives flows and where large holders place sell orders will matter too. Featured image from Unsplash, chart from TradingView

A wave of anecdotes from industry figures and onlookers has pushed XRP into everyday talk in some circles, but the picture is mixed. Related Reading: Trump Coin Jumps 10% On Canary Capital ETF Filing: Details According to a recent podcast episode featuring several crypto commentators, guests flagged “mania signals” as a way to spot when an asset is going mainstream. Some guests said they are now hearing XRP mentioned in casual settings, while others point to counterexamples that suggest the trend is not universal. Uber Drivers Talk Crypto Based on reports from the Unchained podcast and social posts, one guest said they had taken multiple Uber rides where drivers were trading XRP. That comment was later amplified on social media, with others sharing similar encounters. Reports have disclosed that another well-known community figure said Uber drivers in Nevada and Michigan even recognized him as “that XRP lawyer guy” after his advocacy in the Ripple–SEC case. Those anecdotes add color to claims of growing retail chatter. I’ve had 2 different Uber drivers in 2 different states (Nevada & Michigan) bring up XRP to me during the last 3 months. They said: “You look familiar” and “I know you.” I replied: “I ran for U.S. Senate against Elizabeth Warren.” Both quickly responded: “No that’s not it -… https://t.co/hsmppCsXRt — John E Deaton (@JohnEDeaton1) August 14, 2025 Small Survey Finds Little Uptake A separate, small experiment tested the idea directly. A commentator took 25 Uber rides in Ontario and asked each driver whether they held XRP. Most drivers were confused or said they did not own any crypto. One driver reported holding XRP, having bought at $1.67, and said they planned to hold long-term. Based on that sample, the experiment’s author concluded that the “Uber driver” story is overstated, or that early buyers may have already cashed out. Retail Buzz Versus Real Adoption Analysts differ on what these encounters mean. According to a Bloomberg ETF analyst cited in reports, institutional demand for a possible XRP ETF may start modest while retail interest could be greater. Other researchers in the community argue that institutions might be quietly building positions even if many retail investors remain unaware. Both lines of argument can be true at once: pockets of strong recognition can exist while broad adoption lags behind. Interesting, trades reporting how Polymarket odds of XRP ETF approval went down to 62% after the votes were disclosed showing Crenshaw voting no, but a) she’s gonna vote no on EVERYTHING and b) it’s meaningless, she’s outnumbered = we haven’t changed our odds, still at 95%. https://t.co/TamMn8DHVh pic.twitter.com/Ip9G748HrU — Eric Balchunas (@EricBalchunas) August 7, 2025 Anecdotes Need Hard Data What matters next is measurable breadth. Watchers say to track search trends, wallet activity, and consistent reports from many cities rather than isolated meetings. Related Reading: Chainlink Breaks 3-Month High Amid Record 2025 Enthusiasm If mentions of XRP keep appearing across unrelated places, that would be stronger evidence. For now, though, the mix of big-signal stories and low-hit surveys means the claim of wide mainstream recognition is still unproven. These first-hand accounts are compelling because they are simple and human. They make a tidy headline and spark debate online. Reports so far say they are not yet a substitute for consistent, verifiable data. Some people are clearly talking about XRP in daily life. But the jury is still out on whether that talk has crossed into broad mainstream awareness. Featured image from Unsplash, chart from TradingView

According to a new technical analysis, Bitcoin (BTC) and the broader crypto market could be mirroring historical post-halving cycle patterns. While the market has previously rallied through July and August, historical fractals point to a potential crash in September, followed by a push into a cycle peak later in the year.  Related Reading: Trump Coin Jumps 10% On Canary Capital ETF Filing: Details September Proves Risky For Bitcoin And Crypto Market  A recent X social media post by crypto analyst Benjamin Cowen has highlighted a recurring pattern in Bitcoin’s price action that could have significant implications for the market over the coming months. His analysis shows that Bitcoin has consistently followed a post-halving cycle that exhibits distinct seasonal price movements, particularly around July, August, and September. The chart shared by Cowen illustrates that in previous cycles, Bitcoin has often rallied in July and August, fueling optimism and strong market sentiment. However, each time this has been followed by a September crash, leading to a reset before the final push toward the cycle top, which usually arrives in the last quarter of the year.  According to the analysis, this repeating structure is not unique to a single cycle but has appeared across multiple past cycles, giving weight to the expert’s argument that history could be repeating. In 2013, 2017, and 2021, Bitcoin’s price behavior followed this pattern almost identically, showing strength in mid-summer and weakness in September.  After a final rally to a peak, each of these cycles was eventually followed by an extended bear market phase, during which valuations corrected sharply from their highs. Based on Cowen’s report, the current cycle appears to be unfolding the same way, as Bitcoin already displayed strength in July and August this year, sparking concerns that a September pullback could be approaching.  BTC Cycles Suggest Market Still Has Room To Grow A new technical analysis by crypto market expert TechDev also reveals a recurring pattern in Bitcoin’s long-term price cycles, arguing that, contrary to popular belief, the current market may still be far from its peak. The analysis, supported by a historical chart of BTC’s performance, shows that every market top has consistently occurred around 14 months after a specific cyclical signal.  The chart outlines multiple Bitcoin cycles dating back to 2011, with tops and bottoms clearly marked with green and red indicators. Each upward run is followed by a significant correction and then a recovery accumulation phase. The data also revealed that each cycle top often aligned with a measured time frame of approximately 420 days.  Related Reading: Chainlink Breaks 3-Month High Amid Record 2025 Enthusiasm Based on this model, current projections show that Bitcoin still has room to run. The most recent green marker on the chart signals that the market could already be transitioning out of its corrective phase. If historical patterns hold, this could mean the market is entering a prolonged growth window rather than nearing exhaustion.  Featured image from Unsplash, chart from TradingView

Recent price action has shown that XRP is establishing the $3 price level as a base, and an analysis of its fundamentals indicates various conditions that could push its price to multiple all-time highs. According to crypto analyst David_kml, XRP is no longer confined to speculation but is steadily becoming a vital part of global finance. This trend is very important in its push to new price highs.  At the same time, XRP’s chart structure on the weekly candlestick timeframe shows that it may be approaching a breakout similar to Ethereum’s explosive run between 2016 and 2018. Related Reading: Chainlink Breaks 3-Month High Amid Record 2025 Enthusiasm Institutional Growth And Expanding Adoption One of the strongest arguments supporting XRP’s ability to register a new all-time high very soon is the steady growth in its institutional presence. David_kml noted that XRP is now being used by leading banks and global payment companies through the XRP Ledger, a development that points to real-world demand for XRP beyond retail speculation. The token’s steady price above the $3.10 price level highlights this strengthening foundation, but the larger story lies in the expanding number of Ripple partnerships and fintech integrations of the XRP Ledger. Speaking of fintech integration, Ripple’s advancements in the past few months have seen the XRP Ledger infrastructure for cross-border settlements growing massively. Ripple CEO Brad Garlinghouse has noted that the company is focused on developing the XRP Ledger to the point where it rivals that of the traditional SWIFT system and grabbing a huge chunk of its userbase.  At the time of writing, many financial institutions are starting to test and adopt XRP’s network for their payment flows, building confidence that the asset is on track for long-term relevance in global finance. This, in turn, is continuously boosting XRP’s chance of steadily exploding to new price highs, especially now that the global financial sector is gradually warming to blockchain technology. Breakout Pattern On Weekly Timeframe Another factor that lends the voice to XRP’s potential of new all-time highs is the increase in transaction volumes. Interestingly, the technical picture for XRP also complements the bullish case made by fundamentals. In his post, David_kml shared a chart that places XRP’s current price behavior alongside Ethereum’s price action between 2016 and 2018.  During that period, Ethereum traded within a prolonged consolidation range before breaking out. This was a move that started one of the most dramatic rallies in Ethereum’s price history, as it carried its price from under $15 to well over $1,000. XRP’s weekly chart now shows a similar setup. XRP has been consolidating in a range near $3, and the breakout point is forming just above $3.25. This structure suggests that XRP could be on the cusp of a powerful surge that has the ability to mimic that of Ethereum’s run in 2018. Related Reading: Trump Coin Jumps 10% On Canary Capital ETF Filing: Details Analysts such as Dark Defender and Egrag Crypto have previously pointed to this kind of fractal pattern by pointing out the fact that XRP is building momentum independent of Bitcoin and Ethereum. If this plays out well, XRP’s breakout could extend beyond its most recent peak of $3.65 and set the stage for new all-time highs in the coming weeks and months. Featured image from Unsplash, chart from TradingView

Bitcoin is undergoing a structural transformation, and institutional investors are steadily tightening their grip on the cryptocurrency. As of mid-2025, institutional investors are becoming a dominant force in Bitcoin ownership and are steadily capturing a large portion of its circulating supply.  Institutional Bitcoin Holdings Barrel Toward 20% Of Supply Recent data shows that institutions, ranging from ETFs to public companies, now control an unprecedented share of Bitcoin, worth hundreds of billions of dollars. Estimates place institutional ownership anywhere between 17 and nearly 31 percent of total supply when also factoring the amount controlled by governments. Related Reading: Trump Coin Jumps 10% On Canary Capital ETF Filing: Details According to data from Bitbo, entities such as ETFs, public and private companies, governments, and DeFi protocols collectively hold more than 3.642 million BTC, equal to about 17.344% of the total supply. At today’s prices, that represents roughly $428 billion worth of Bitcoin locked away in institutional treasuries.  ETFs are the largest contributors, with over 1.49 million BTC, while public companies such as Strategy, Tesla, and others account for 935,498 BTC. Strategy’s role is especially noteworthy, as the firm’s relentless accumulation strategy in recent years has seen it amass 628,946 BTC, or about three percent of the entire circulating supply. Bitbo data shows private companies hold 426,237, worth $50.17 billion, and about 2.03% of the total circulating supply. BTC mining companies own 109,808 BTC (0.523% of the total circulating supply), while DeFi protocols own 267,236 BTC (1.273% of the total circulating supply). Bitcoin holdings by category. Source: Bitbo Other reports, including a joint study by Gemini and Glassnode, suggest the numbers could be even higher. Their findings point to centralized treasuries composed of governments, ETFs, corporations, and exchanges controlling up to 30.9% of circulating Bitcoin, which equates to over 6.1 million BTC. This increase represents a 924% surge in institutional control of Bitcoin compared to a decade ago. Chart Image From Gemini: Bitcoin treasury holdings by entity type Is Bitcoin The New Wall Street Playground? Bitcoin’s rise in its early years was based on a mix of enthusiasm from retail investors and long-term conviction from early adopters, but the market’s balance of power is shifting. According to the holding data, Bitcoin is increasingly becoming much less affordable for retail traders and is now becoming a playground for large Wall Street institutions.  Institutional demand for Bitcoin has not been confined to corporations and ETFs alone. Governments are beginning to make their presence felt, and the United States took the most notable step earlier this year. In March 2025, the US government established a Strategic Bitcoin Reserve filled with seized and forfeited digital assets. Other governments like El Salvador and Bhutan are also accumulating Bitcoin through intentional, ongoing purchases, further tightening the supply in circulation Related Reading: Chainlink Breaks 3-Month High Amid Record 2025 Enthusiasm Some analysts believe this could reduce Bitcoin’s price volatility and support its price growth over the long term. On the other hand, the concentration of Bitcoin among a relatively small number of entities could undermine its decentralization and the natural growth of its price. Either way, the data shows that Bitcoin is now becoming Wall Street’s newest playground. At the time of writing, Bitcoin was trading at $117,460. Featured image from Unsplash, chart from TradingView

TRON’s market momentum has eased after a recent rally that pushed its price above $0.365, with the asset now trading at $0.355, representing a 1.76% drop over the past 24 hours. This consolidation follows a steady climb in recent weeks that saw the network’s transaction activity and derivatives data draw increased analyst attention. According to CryptoQuant contributor Burak Kesmeci, the current TRX futures market remains in a neutral position, suggesting that the asset may still have room to advance before approaching a local top. Related Reading: TRON Long-Term Holders See Massive Gains As TRX Pushes Toward Multi-Year Highs Futures Market Indicators and Historical Context Kesmeci’s analysis centers on the TRON Futures Volume Bubble Map, a metric used to gauge periods of overheating in the futures market. Historically, this tool has flagged heightened risk when red-toned “bubbles” appear, marking moments of excessive speculative activity. The last notable instance occurred in early December 2024, when TRX rose from $0.26 to $0.45 before hitting a local peak. At present, Kesmeci notes that the indicator has not entered the high-risk zone, meaning TRX has not yet reached levels of speculative saturation. This, in theory, leaves space for further price increases if current market trends persist. Futures market analysis like this often helps traders differentiate between rallies supported by organic demand and those driven primarily by leveraged speculation. The neutral reading suggests that current TRX movements could be supported by genuine buying interest rather than excessive short-term leverage. A balanced outlook, however, would also consider that futures market conditions can shift quickly. If trading volume or open interest begins to rise sharply alongside price, the risk of a pullback could grow. For now, the neutral futures environment combined with moderate spot market activity provides a base for potential incremental gains. TRON On-Chain Data Reveals Exchange-Linked Transfer Spike In a separate observation, CryptoQuant analyst CryptoOnchain highlighted unusual network activity on July 19, 2025, when more than 3.426 billion TRX, valued at roughly $1.11 billion, moved across the blockchain in a single day. A closer breakdown of these transactions indicates that this surge was not the result of organic user demand but was instead tied to operational movements between a small group of large wallets. The data shows that two back-and-forth transfers of 612 million TRX each between two addresses accounted for around 36% of that day’s total value, fitting the pattern of a hot-to-cold wallet rebalance often associated with exchanges. Additional chains of transfers, including fixed-denomination movements of between 3 million and 7.5 million TRX, also align with common exchange deposit and withdrawal processing. Related Reading: TRON Crosses 11.1 Billion Transactions as USDT Activity Powers Its Momentum While over 85% of the day’s total transfer volume was traced to this interconnected wallet cluster, both Arkham and Tronscan list no official ownership labels for the addresses. Nevertheless, the mirrored transaction flows and their structured nature strongly point toward centralized custody, likely by an exchange or large service provider. Compared with a similar event in June 2023, the July 19 spike occurred within a broader trend of increasing transactions per second (TPS) and total transaction volume in 2025. This suggests that while the event itself was operational, TRON’s underlying network activity continues to expand. CryptoOnchain cautions that such operational spikes should be distinguished from genuine adoption surges to avoid overestimating organic growth.   Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) staged a mild rebound from yesterday’s inflation-driven drop to $117,180, climbing back toward $119,000 at the time of writing. A declining leverage ratio suggests the top cryptocurrency’s bullish momentum could persist, keeping it in the running for a new all-time high (ATH) in the near term. Bitcoin Leverage Ratio Falls, Bulls Rejoice According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin’s leverage ratio across all cryptocurrency exchanges has sharply declined from its late-July and early-August peak of 0.27. Related Reading: Bitcoin Investors Turn To ‘Smart DCA’ As Market Trades Below On-Chain Fair Value Of $117,700 Notably, the ratio dropped to 0.25 in early August before a modest rebound. In contrast, the period from May to late July saw both the price and leverage ratio climb in tandem, signaling an influx of traders opening larger positions. In contrast, this time leverage has fallen without a comparable drop in price – a sign that risk has eased since the recent uptrend. Arab Chain notes that this may be the result of high-risk positions being liquidated or traders exiting the market amid volatility. With BTC holding around $119,000, the lower leverage ratio is a bullish sign, suggesting that the latest price gains are fueled more by genuine liquidity than speculative excess. A continued decline in leverage could further reduce the likelihood of a sharp correction. Conversely, a sudden spike in leverage alongside a price rally would raise the risk of a pullback. The analyst added: If leverage remains at moderate or low levels while the price remains stable, this could provide a stable base for a new uptrend. An estimated leverage ratio (ELR) holding between 0.24–0.25, accompanied by a gradual price break above 120K, could indicate a spot-supported upside and a possible extension toward the July highs, with moderate funding and slowly rising open interest. However, a quick jump in the leverage ratio above 0.27 before or during a test of $120,000–$124,000 could signal high liquidation risk and the potential for a sharp downward “shakeout.” On-Chain Data Points To Potential Selling Pressure While lower leverage is encouraging for Bitcoin bulls, on-chain data – particularly rising exchange reserves and whale transfers – hints at possible selling pressure ahead. Related Reading: Bitcoin Price Eyes ATH With Falling Average Executed Order Size And Rising Retail Activity For instance, Binance’s BTC reserves have recently surged to 579,000, raising concerns of profit-taking after Bitcoin’s recent rally to a fresh ATH. Likewise, more BTC miners are moving their holdings to Binance, potentially preparing to sell. Adding to the caution, some analysts warn of a possible pullback to $110,000 to fill outstanding fair value gaps. At press time, BTC trades at $118,672, down 0.1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin briefly set a new all-time high above $124,000 earlier today before experiencing a sharp retracement that brought the asset back below the $120,000 level. As of press time, BTC is trading at $118,336, representing a weekly loss of 1.9% and a 4.5% decline from its peak. The price shift comes amid notable on-chain developments that have caught the attention of market analysts. According to CryptoQuant contributor CryptoOnchain, the Bitcoin Exchange Whale Ratio across all exchanges has risen above 0.50, a level historically associated with higher short-term volatility. This ratio measures the proportion of BTC inflows to exchanges originating from large holders, often signaling potential market-moving activity. Despite this, aggregated data across all exchanges shows negative net flows, meaning more BTC is leaving exchanges than entering, which typically aligns with accumulation phases. Related Reading: Bitcoin Options Traders Don’t Expect Volatility: Contrarian Signal Brewing? Bitcoin Binance Activity Diverges From Broader Market Trends While overall exchange flows suggest accumulation, Binance has seen a contrasting pattern. Data from CryptoOnchain shows Binance recorded its largest single-day positive net flow in the past 12 months, indicating a concentration of BTC inflows to the platform. Such divergences, when high whale ratios coincide with significant inflows to one exchange, have historically preceded both sharp sell-offs and leveraged short squeezes, depending on whether the inflows are directed toward spot selling or derivatives trading. This activity has been accompanied by a surge in Binance’s BTC spot trading volume, which reached $7 billion in a single day, according to a separate analysis by Amr Taha of CryptoQuant. The spike in volume may reflect a shift in trader positioning, potentially influenced by institutional trades or broader macroeconomic factors. Additionally, short-term holder (STH) inflows to Binance have crossed the 0.4 threshold on the Spent Output Age Bands metric, a level often associated with retail-driven sell activity. Historically, retail participants have tended to sell into strength during bullish market phases, providing liquidity for more sophisticated traders. Whale Behavior Points to Lower Immediate Selling Pressure In contrast to heightened retail activity, the inflows from large holders, categorized as whales (1,000–10,000 BTC) and humpbacks, remain relatively low. Current whale inflows stand at 1,170 BTC, significantly below the 14,610 BTC recorded on July 19, which coincided with a notable price drop. The absence of similar large-scale selling now suggests a reduction in immediate downside risk, though market conditions remain dependent on other factors such as derivatives positioning and macroeconomic developments. The interaction between whale behavior, retail participation, and exchange-specific flows highlights the current complexity of Bitcoin’s market structure. While the broader trend of net outflows from exchanges supports a longer-term bullish outlook, the elevated whale ratio and concentrated inflows to Binance increase the likelihood of short-term volatility. Analysts recommend close monitoring of Binance’s order book, open interest, and funding rates over the coming sessions to better understand potential price direction. With Bitcoin hovering just below the $120,000 mark, the next few trading days will be critical in determining whether the market stabilizes or sees further corrective moves. Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) created a fresh all-time high (ATH) yesterday, touching $124,474 on Binance before stabilizing around $118,000 at the time of writing. Meanwhile, BTC reserves on Binance have surged significantly, raising concerns about a potential price correction. Bitcoin Reserves Spike On Binance: Time To Worry? According to a CryptoQuant Quicktake post by contributor Arab Chain, Binance’s Bitcoin reserves have seen a sharp increase in recent months. The exchange holds the largest BTC reserves, supported by its high liquidity and the largest trading volume in the market. Related Reading: Bitcoin Price Eyes ATH With Falling Average Executed Order Size And Rising Retail Activity From the end of July until today, Binance-based BTC reserves have reversed a previous downtrend, climbing to 579,000 BTC. Arab Chain shared the following chart illustrating how BTC reserves – after a period of scarcity – have reversed course and now signal a short-term warning. Notably, BTC reserves on Binance had previously declined by approximately 50,000 to 60,000 BTC, a 9% to 10% drop from the 2024 peak to the July 2025 low. Recently, reserves recovered slightly, rising by 25,000 to 30,000 BTC, an increase of 5% to 6%. Despite this recovery, BTC reserves remain well below the peaks of late 2024, indicating that structural scarcity has not yet fully dissipated. Arab Chain highlighted two potential reasons for the recent spike in reserves. First, profit-taking or short-term supply could increase when traders – including whales and market makers – deposit BTC on exchanges. They may do this to sell part of their holdings or to use the digital asset as collateral in derivatives markets. Second, a liquidity boost for BTC can occur when growing demand leads to the replenishment of liquidity pools. Market makers may also rebalance their portfolios to help smooth price spreads. The analyst concluded: In practice, if daily or weekly reserve increases persist alongside high positive funding rates and rising open interest, the likelihood of a short-term correction grows. However, if reserves stabilize or decline quickly, this would suggest renewed scarcity and a continuation of the uptrend. BTC Rally Losing Momentum? BTC pulled back from its recent ATH, trading slightly above $118,000 at the time of writing, signaling a short-term price correction. Some analysts warn that this might indicate the flagship cryptocurrency is losing momentum. Related Reading: Two Forces Can Launch Bitcoin To $1 Million, Says Mike Novogratz In addition to rising exchange reserves, the Binance whale-to-exchange flow metric also points to increased selling pressure. The spike in Binance miner distributions reinforces this signal. That said, some analysts remain cautiously optimistic. Axel Adler notes that BTC’s current market structure makes a severe price correction unlikely. At press time, BTC trades at $118,464, down 0.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin has extended its upward momentum over the past week, gaining nearly 6% in that time and 1.8% in the past 24 hours. At the time of writing, BTC is trading at $120,499, maintaining its position near a key resistance zone between $119,000 and $120,000. Market data indicates that traders are watching this price area closely, given its significance in previous price action during July. Recent analysis from CryptoQuant contributor Arab Chain shows that Bitcoin’s open interest (OI) on Binance has climbed to around $13.7 billion, approaching its mid-to-late July highs. This metric, which tracks the total value of outstanding futures contracts, is often used to gauge market participation and potential volatility. The current levels suggest a notable build-up of speculative positions as the price approaches critical resistance. Related Reading: Bitcoin At Risk Of Pullback As Binance Miner Distributions Spike, Analyst Says Bitcoin Leveraged Positions and Potential Market Outcomes According to Arab Chain, a simultaneous rise in both price and open interest typically signals the entry of new speculative liquidity, most likely from traders taking long positions. While this can support short-term price increases, it also raises the market’s sensitivity to corrections. If open interest grows faster than price, the rally can become overleveraged, leaving the market vulnerable to a long squeeze in the event of a sharp pullback. The $119,000–$120,000 range has acted as a decision point in recent months. A breakout above this level with stable or slightly declining open interest could indicate the move is driven by spot buying or short covering, which generally carries less liquidation risk. In this scenario, Arab Chain sees potential for BTC to target the $122,000–$124,000 range. However, a sharp rejection at these levels with elevated open interest could trigger liquidation-driven declines toward nearby support. Monitoring Open Interest Trends for Confirmation Open interest is currently just below the all-time high of approximately $14 billion, leaving limited room for further leveraged build-up before reaching historic extremes. Arab Chain notes that after a decline in both price and OI from late July to early August, indicating capital exiting the market, both have since rebounded together, suggesting renewed confidence among derivatives traders. The analyst cautions that a significant jump in open interest without a corresponding price advance, or worse, with a price decline, would point to an overleveraged environment. Related Reading: Two Forces Can Launch Bitcoin To $1 Million, Says Mike Novogratz Conversely, price stability or gains above $120,000 while open interest holds steady or declines slightly would be a healthier sign, indicating the move is supported by actual buying rather than excessive leverage. At present, the intraday trend remains bullish, but the sustainability of this move depends on whether leverage levels stabilize as Bitcoin tests resistance. Traders are likely to focus on how BTC behaves around the $120,000 mark in the coming days, with open interest dynamics serving as a key signal for the next directional move. Featured image created with DALL-E, Chart from TradingView

As Ethereum (ETH) trades within striking distance of its all-time high (ATH), on-chain data shows that the second-largest cryptocurrency by market cap is experiencing mounting buying pressure. The asset is currently priced in the $4,600 range, just 4% shy of its ATH. Ethereum Net Daily Outflows Hit 40,000 According to a CryptoQuant Quicktake post by contributor burakkesmeci, more than 1.2 million ETH have been withdrawn from crypto exchanges over the past month. The analyst suggested that Ethereum’s uptrend is likely to continue. Related Reading: Ethereum Price Lags Despite All-Time High In Daily Transactions – What’s Next For ETH? For context, ETH has surged 53.8% in the last month, underscoring strong buying pressure amid rising institutional adoption. The asset has tripled in price from its local low of around $1,500, recorded in April this year. In their analysis, burakkesmeci highlighted Ethereum’s All Exchanges Netflow metric, which tracks the total ETH inflows and outflows across all cryptocurrency exchanges. Data from 2025 shows that Ethereum’s 30-day Simple Moving Average (SMA30) has plunged deep into negative territory. For the uninitiated, the SMA30 is the average value of a dataset – such as Ethereum’s daily net flows – calculated over the most recent 30 days. Each day, the oldest data point drops out and the newest is added, creating a smoother trend line that filters out short-term volatility. As of August 12, Ethereum’s SMA30 stood at -40,000 ETH, indicating an average daily outflow of that amount over the past month. Such large outflows suggest that investors are moving ETH off exchanges – likely into cold storage – in anticipation of further price gains. The CryptoQuant contributor also pointed to growing activity in spot ETH exchange-traded funds (ETFs). Data from SoSoValue shows that spot ETH ETFs recorded more than $1.5 billion in inflows during the week ending August 12. Notably, these ETFs have seen uninterrupted positive weekly inflows since May 16, attracting over $8 billion in nearly three months. The total net assets held in ETH ETFs now stand at $27.6 billion, representing 4.7% of Ethereum’s total market capitalization. ETH Rally To Remain Intact Burakkesmeci concluded that as long as ETH’s SMA30 remains in negative territory, its uptrend is likely to continue. They noted that unless the metric flips into positive territory, ETH’s bullish momentum could persist in the short term. Related Reading: Ethereum Rally Not Fueled By Bitcoin Dump, On-Chain Signals Show Some analysts predict ETH could reach as high as $8,600 if Bitcoin (BTC) surges to $150,000. However, a period of price consolidation is expected after ETH breaks through its current ATH. Meanwhile, crypto market enthusiast Orbion has advised selling all ETH in October if it reaches between $5,800 and $6,000. At press time, ETH is trading at $4,684, up 6.8% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

A math-based scenario is getting attention in markets this week. According to experts, Ether’s market value has historically moved to about 30–35% of Bitcoin’s market cap during major bull runs. Related Reading: Ethereum Faith Fading? Samson Mow Says Holders Will Shift To Bitcoin If Bitcoin climbs to $150,000 from its current price of $119,250, that ratio would put Ether near $8,656 at the top end of the model. At the time of writing, Ether was up 8% in a 24-hour price move, hitting $4,630 for new weekly high. Bitcoin was up a percent, and slowly closing in the key $120,000 region, data from Coingecko shows, According to an analysis by trader Yashasedu a lower range of ratios — between close to 22% and 30% — would put Ether between $5,370 and $7,400 if Bitcoin does reach $150,000. Market Cap Math And The Upside Case According to the trader’s logic, the calculation is simple: pick a BTC price, multiply by BTC supply for market cap, then apply a chosen ETH/BTC market-cap ratio and divide by ETH supply to get an ETH price. In major bull runs, $ETH typically hits 30-35% of Bitcoin’s mcap. 2017: ~35% 2021: ~36% We’re seeing similar setup now???? > TVL on @ethereum crossed $90B after 2022 > Institutions buy billions of dollars worth of $ETH > Billions of dollars of ETF inflow > Stocks transitioning… pic.twitter.com/xuaCOAfw9P — YashasEdu (@YashasEdu) August 10, 2025 Yashasedu notes that in 2021 Ether climbed to about 36% of Bitcoin’s market cap, which is why the 30–35% range is getting cited now. Reports have disclosed that institutional flows and growing ETF demand for Ether are part of the reason some traders expect the pattern to repeat. Flows, Treasury Buys, And TVL Based on reports, spot Ether ETFs recorded a single-day inflow of $1 billion recently — the biggest day so far — and TVL on Ethereum has topped $90 billion, figures that supporters point to as proof demand is rising. Several well-known market voices have put out higher Bitcoin targets that feed into these scenarios. Tom Lee, Arthur Hayes, and Joe Burnett have forecasted Bitcoin could reach as high as $250,000 by the end of 2025. MN Trading Capital founder Michaël van de Poppe has said that we’ll likely see a new ATH for ETH and then some consolidation. Those calls are opinions, and traders use them to build scenarios rather than certainties. Related Reading: Quantum Computers No Match For Bitcoin’s Math, Google Expert Says Short-Term Signals And Technical Forecasts Meanwhile, technical indicators show current sentiment as Bullish, and the Fear & Greed Index sits at 73 (Greed). According to one price prediction, Ethereum is expected to rise about 10% to reach $5,125 by September 12, 2025. Ether recorded 20 out of 30 green days recently, a 67% run of positive days, and about 8.33% price volatility over the last 30 days. These numbers feed both the bullish story and the case for caution. Featured image from Meta, chart from TradingView

XRP has experienced strong price performance in recent weeks, climbing over 12% in the past month and reclaiming notable price levels. However, as of the latest trading session, the asset is showing signs of correction. At the time of writing, XRP is valued at $3.17, representing a 1.2% decline over the past 24 hours from its recent high of roughly $3.22. The recent surge in XRP’s value was largely driven by a major legal development. On August 7, 2025, the long-running US Securities and Exchange Commission (SEC) lawsuit against Ripple and its executives officially concluded. The end of the case removed a significant source of uncertainty for the asset and sparked immediate price gains. However, on-chain data suggests that the rally may have been driven more by shifts within the existing investor base rather than by new market participation. Related Reading: XRP Stumbles, But A Recovery Could Be Around The Corner XRP On-Chain Indicators Show Mixed Market Dynamics CryptoQuant analyst CryptoOnchain observed that daily active addresses on the XRP Ledger fell by more than 10% to around 24,701 following the legal resolution. This decline, despite the price increase, indicates that the upward movement was likely supported by capital rotation from existing holders instead of new user adoption. In the analyst’s view, the absence of a fresh wave of participants could limit the rally’s long-term momentum unless broader retail engagement picks up. Exchange flow data offers additional insight. Both Binance and Upbit recorded notable spikes in depositing addresses just before and immediately after the SEC case outcome was announced. Historically, such inflow surges can signal that traders are positioning for profit-taking or short-term speculation. At the same time, withdrawals also rose during this period, implying that some new entrants were building positions. The presence of both trends highlights a mix of motives in market activity, from short-term trading to longer-term accumulation. Liquidity Concentration and Market Outlook Changes in exchange reserves further illustrate the evolving market structure for XRP. After a period of decline, Binance’s XRP holdings have been increasing again, while Upbit’s reserves have maintained a steady upward trend. This reflects a growing role for the Asian market in supporting XRP trading volume. Conversely, OKX now holds almost no XRP, suggesting that most of its reserves have been withdrawn from the exchange. CryptoOnchain noted that the combination of higher prices alongside a drop in active user numbers points toward a market environment dominated by a smaller, concentrated group of traders. If exchange reserves continue to build rapidly, the probability of a short-term correction could increase, especially if profit-taking accelerates. While the resolution of the SEC case has removed a major legal risk for XRP, the sustainability of recent price gains may depend on attracting new market participants and reducing short-term selling pressure. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s recent rally pushed the cryptocurrency to retest the $122,000 level before facing a pullback. At the time of writing, BTC is trading at approximately $119,053, marking a short-term correction after reclaiming significant highs earlier in the week. The move comes as traders and analysts watch closely for signs of market strength or weakness at current price levels. One metric drawing attention is Binance’s share of global trading volume. According to CryptoQuant analyst BorisVest, the exchange’s dominance in trading activity provides valuable context for interpreting Bitcoin’s performance at all-time highs (ATHs). By comparing volume distribution across exchanges during previous ATH periods, the analysis seeks to determine whether the broader market is participating in the rally or if activity is concentrated on a single platform. Related Reading: Bitcoin-Money Supply Link Is A Myth, Glassnode Researcher Reveals Bitcoin Exchange Volume Concentration and Market Signals BorisVest’s review found that during the first ATH in 2024, global market volumes were elevated, and Binance’s trading activity was more than double that of all other exchanges combined. When Bitcoin retested its ATH later that year, overall market volumes increased across multiple platforms, yet Binance maintained its lead in total trading share. In contrast, when Bitcoin set a new record in mid-2025, total market volume did not show a significant increase compared to previous rallies. While Binance still recorded nearly twice the trading volume of other exchanges combined, the absence of a wider market volume expansion raised concerns. The analyst noted that historically, ATHs supported by broad volume growth tend to indicate stronger market conviction. A lack of participation from other exchanges could signal potential challenges in sustaining higher prices over the coming months. On-Chain Patterns Suggest Gradual Market Progress In a separate assessment, CryptoQuant analyst Avocado onchain examined Binary Coin Days Destroyed (CDD), a metric tracking the movement of long-dormant coins. The indicator recently turned lower after a brief rise, with Bitcoin’s price trading within a sideways range. Historically, increases in Binary CDD have been linked to selling pressure from long-term holders, often leading to corrections. However, current market conditions, shaped by changes in custody solutions, over-the-counter trading activity, and institutional investment strategies, make interpreting CDD spikes more complex. Avocado onchain highlighted that in recent cycles, Binary CDD rises have been followed by either prolonged sideways trading or moderate corrections. The current data supports what the analyst describes as a “stair-step” rally, where the market advances gradually while cooling short-term speculative activity. This pattern, if sustained, could prevent rapid depletion of buying momentum and allow for more stable long-term growth. Related Reading: Bitcoin Retraces Below $120,000: Is Coinbase Selling To Blame? Other on-chain data suggests that selling from long-term holders remains subdued, indicating limited pressure to exit positions at current price levels. This aligns with the view that while near-term movements may be range-bound, the broader trend still holds the potential for future upside, contingent on broader participation and sustained investor demand. Featured image created with DALL-E, Chart from TradingView

Miles Deutscher (631,000 followers on X) believes the crypto market is approaching a confluence of catalysts it has never enjoyed at this scale. In a thread posted on X in the early hours of August 12, the analyst wrote, “The stage is set for crypto’s biggest bull run ever,” arguing that the industry is facing “a bullish set of tailwinds/rate of change” unmatched in prior cycles. He then laid out ten drivers—spanning spot ETF demand, retirement-account access, stablecoin policy, political signaling, institutional adoption and market structure—that, taken together, form a cohesive case for another leg higher. Biggest Crypto Bull Run In History Deutscher’s starting point is hard flows. He notes that US spot Bitcoin and Ethereum ETFs have amassed “$17B net over the last 60 days (> $11B in July alone).” Whether measured against the asset class’s historical market depth or the post-launch settling period for the new Ether funds, those figures imply that passive, rules-based demand is still expanding rather than plateauing. In his framing, this is “bidding on an unprecedented scale,” the sort of sustained, price-insensitive intake that tends to reset valuation anchors and absorbs episodic selling. The thread then pivots to distribution. Deutscher highlights the recent move to allow 401(k) plans to hold crypto, calling it a “massive new pool of buyers (trillions),” even while acknowledging the implementation lag. He amplifies a scenario analysis from @thepfund (Trader T), who estimates that, under base-case assumptions, the policy shift could translate to “Total estimated demand for crypto: $131–465 billion,” with an “88% allocated to Bitcoin: $115–409 billion … [and] 12% allocated to Ethereum: $16–56 billion.” The same post posits that “IBIT could grow 3.1× to $272 billion” and “ETHA could grow 3.3× to $37 billion,” using BlackRock’s footprint in 401(k) assets as a proxy for potential uptake. The precise pace will hinge on plan-by-plan approvals and compliance plumbing, but the directionality—retirement wrappers as a mainstream bridge—is clear in Deutscher’s thesis. Regulatory clarity for the transactional layer is his third pillar. “The genius act was approved,” he wrote, arguing that the measure provides more certainty around stablecoins and “opens up the floodgates for blockchain/stablecoin adoption.” He pairs that claim with a datapoint on the monetary base of the crypto economy itself: “Stablecoins just hit a fresh ATH (> $280B cap), 22 months up straight.” In other words, not only is policy becoming more permissive for dollar-on-chain infrastructure, but the float of tokenized dollars and near-dollars—an essential conduit for liquidity, market-making and cross-border transfers—has been expanding for almost two years without interruption. For Deutscher, those two facts rhyme: clearer rules plus a growing dollar stack create the conditions for higher throughput and, ultimately, risk appetite downstream. Related Reading: Crypto Watchlist: Why This Week Could Be Massive For Bitcoin Politics, while usually orthogonal to day-to-day price action, appears in his list because the signaling has become unusually overt. “The Trump family is actively shilling ETH/crypto/tokenisation,” he wrote, framing the public posture as a visibility event for the asset class. He amplified a short post from Eric Trump—“It puts a smile on my face to see ETH shorts get smoked today. Stop betting against BTC and ETH — you will be run over.”—to argue that high-level endorsements are now part of the narrative gravity well. More Catalysts For Crypto Institutional adoption remains a core motif. Deutscher cites an SEC ownership disclosure flagged by @MacroScope17 indicating that Harvard Management Company reported a new position of 1,906,000 shares of IBIT, BlackRock’s spot Bitcoin ETF, valued at $116.6 million as of June 30. “This is a hugely important ownership disclosure,” MacroScope wrote, and Deutscher agrees on the signal value: a storied university endowment has chosen to use the ETF channel to gain exposure, validating the wrapper and, by extension, the compliance pathway for peers. Inflows data are one thing; a recognizable allocator of record is another. Momentum and market behavior fill out the tactical half of his list. He points to Ethereum reclaiming $4,000—a multi-year level that, in his view, “gives it real momentum to push back toward (and beyond) its 2021 ATH.” He also argues that both majors have shown resilience—“BTC & ETH refuse to break down, even with heavy FUD”—which he reads as evidence of “seller exhaustion” meeting “sticky demand.” Related Reading: Crypto Set For $1.25 Trillion Tsunami As Trump Opens 401(k) Floodgates To underscore that take, he references @alpha_pls (Aylo), who urged traders to zoom out: “ETH/BTC has a lot of room to run and looks good on HTFs. ETH/USD looks good and it is going to break through that $4k level eventually… Ultimately, you can keep it simple: there are more buyers than sellers for the foreseeable future.” Aylo’s post also nods to potential treasury participation on the Ether side—“Tom Lee has told you his company will buy 5% of the ETH supply”—and to co-founder Joseph Lubin’s competitive posture, adding further narrative fuel to a majors-led phase. The rotation question—when and whether “altseason” reappears—features in Deutscher’s ninth and tenth points. “BTC dominance looks extremely weak, for the first time since 2024,” he wrote, framing that deterioration as a historical precursor to capital rotating down the risk curve. But he is specific about sequencing: liquidity, he says, is “more concentrated on majors/CEX, making the BTC/ETH trend cleaner,” which is “important for narrative alignment at this stage in cycle.” In contrast to late 2024, when he argues liquidity was “concentrated in the ‘trenches’—creating a less sustainable setup,” the current structure favors a strong, durable majors trend first, with healthier conditions “for an alt rotation to happen later.” Overall, Deutscher is describing a market where depth and settlement rails have thickened at the top, reducing slippage and volatility while the bid forms, before breadth expands. In his words, “The stage is set,” and if the catalysts he enumerates continue to materialize in tandem, he believes the next “explosive price move” has already begun to load. At press time, the total crypto market cap stood at $3.93 trillion. Featured image created with DALL.E, chart from TradingView.com

Bitcoin has continued its upward momentum over the past week, reclaiming price levels close to its all-time high. At the time of writing, the cryptocurrency is trading above $120,000, only a short distance from the record of more than $123,000. Over the last seven days, the asset has posted a gain of approximately 5.1%, placing it among the stronger performers in the digital asset market. Amid the price movement, on-chain data from the TRON network’s USDT transfers is offering insights into current market behavior. CryptoQuant contributor Amr Taha analyzed TRC-20 USDT transaction flows and identified patterns that may serve as potential indicators of Bitcoin price shifts. By categorizing transactions into six size groups, ranging from retail trades of $100 to large “super whale” transfers exceeding $10 million, the analysis aims to distinguish between everyday market activity and institutional-scale transactions. Related Reading: Bitcoin Bull Run At Risk? Binance Whale-To-Exchange Flow Signals Price Correction Large USDT Transfers as a Market Signal Taha’s research notes that when transactions exceeding $10 million in USDT on the TRON network surpass $5 billion in a single day, this often coincides with significant profit-taking in Bitcoin. Such activity typically involves converting BTC into USDT, followed by transferring the stablecoins to private wallets, reducing buying pressure in the spot market. Past examples include July 16, when $10M+ USDT transfers reached $5.2 billion, followed by a 4.5% decline in BTC, and July 23, when $5.8 billion in similar transfers preceded a 3.8% drop within 48 hours. Current data, however, shows a lack of such large-scale transactions, suggesting that major holders are not actively selling into stablecoins at present. This absence of substantial whale outflows may indicate that large investors are maintaining positions rather than exiting the market. Bitcoin Shifting Market Participation and Potential Breakout Scenarios A separate analysis from CryptoQuant’s ShayanMarkets examined the average executed order size in Bitcoin futures markets, providing another perspective on participation trends. This metric, which divides total traded volume by the number of executed orders, helps identify whether activity is being driven by retail participants or larger, institutional traders. Data from late 2024 and early 2025 showed periods of whale dominance, which coincided with strong rallies. In contrast, recent weeks have seen a rise in smaller, retail-sized orders, while whale-driven trades have diminished. This shift suggests that large-scale buyers may be holding positions acquired at lower price levels or waiting for new market conditions before re-entering with significant volume. Related Reading: Bitcoin Futures Bias Turns Neutral As OI Net Position Hits Zero – Details Historically, extended whale dominance near market highs has often been associated with distribution phases, where large holders take profits. The current absence of such behavior leaves open the possibility of a bullish breakout above Bitcoin’s previous all-time high, provided that renewed selling pressure from large investors does not emerge in the near term. Featured image created with DALL-E, Chart from TradingView

Earlier today, Bitcoin (BTC) surged past $122,000 for the first time since July 13, coming close to a new all-time high (ATH) before paring some gains, trading slightly above $119,500 at the time of writing. Bitcoin Eyes New ATH With Retail-Driven Rally According to a recent CryptoQuant Quicktake post by contributor ShayanMarkets, the average executed order size in the Bitcoin futures market has declined significantly over the past few months. This suggests that the recent price rally is being driven primarily by retail investors rather than institutional players. Related Reading: Bitcoin Derivatives Data Signals Fear As Binance Net Taker Volume Turns Bearish For context, the average executed order size is calculated by dividing the total traded volume by the number of executed orders. This metric helps identify whether market activity is dominated by retail participants or large-scale investors. ShayanMarkets shared the following chart showing large yellow and green clusters in late 2024 and early 2025, which corresponded with substantial whale inflows and fueled strong bullish rallies. However, recent weeks have seen a noticeable rise in red clusters, indicating that smaller, retail-sized orders are taking a larger share of market activity. The analyst noted that historically, whale dominance near market peaks has often coincided with local tops. Whale involvement in the BTC futures market has declined since Q2 2025, which could mean that institutional buyers are either holding existing positions from lower levels or waiting for more favorable re-entry points. ShayanMarkets concluded: This dynamic leaves Bitcoin in a position where a bullish breakout above its prior ATH could materialize in the coming weeks, unless renewed whale activity emerges to offload positions, triggering a distribution phase. Recent on-chain analysis suggests that BTC may currently be in a distribution phase. In a separate CryptoQuant post, analyst BorisVest noted that investors are employing a strategy called Smart dollar-cost averaging (DCA) to accumulate BTC at current levels ahead of potential price appreciation. Smart DCA is an upgraded version of the traditional DCA strategy, where investment amounts and timing are adjusted based on market conditions instead of fixed intervals. In crypto, it often uses indicators like moving average or RSI to increase buying during undervaluation phases. Is BTC At Risk Of A Price Correction? While rising retail participation in the BTC futures market can signal organic demand for the flagship cryptocurrency, other indicators point to a possible price correction that could disrupt Bitcoin’s bullish momentum. Related Reading: Bitcoin ETF Market Flashes Warning: IBIT Outflows Paired With Drop In Tron USDT Transfers For example, fresh on-chain data shows an uptick in Binance whale-to-exchange flows, often a precursor to near-term price pullbacks. In addition, recent changes in Bitcoin whales’ realized cap suggest a degree of fragility in the market. That said, not all signals are bearish. Some analysts believe BTC could be gearing up for another rally in the second half of the year, with targets as high as $150,000. At press time, BTC trades at $119,583, up 0.8% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin’s march to reclaim the $120,000 milestone again is gaining pace with a combination of tightening supply and interesting events around the world.  Harvard University recently revealed its $116.6 million allocation to BlackRock’s IBIT Bitcoin ETF. Meanwhile, El Salvador is welcoming Bitcoin-focused investment banks, while regulatory delays have put Japan’s first crypto ETF on hold. Related Reading: Bitcoin Is Still King Of Capital Inflows, According To Michael Saylor El Salvador Opens Door To Bitcoin Investment Banks El Salvador has passed a landmark Investment Banking Law that allows regulated investment banks, which are distinct from commercial lenders, to hold Bitcoin and other digital assets on their balance sheets. These institutions will cater exclusively to sophisticated investors and are required to have a Digital Asset Service Provider license and at least $50 million in starting capital.  The law, which was approved on Thursday, effectively paves the way for banks to choose to operate entirely as Bitcoin banks. Government officials say the framework is designed to attract foreign capital and cement the country’s status as a crypto finance hub. Critics, however, warn that the benefits may largely favor wealthy institutions over everyday Salvadorans. This move comes as Japan’s entry into the Bitcoin ETF market is being held back. While US-based Bitcoin ETFs are making ground with inflows and jurisdictions like El Salvador move forward, Japan is yet to be home to a Spot Bitcoin ETF.  There were multiple reports this week about Japan’s SBI Holdings filing for spot crypto ETFs. However, the company has clarified that it has not yet submitted any applications for crypto-related ETFs. Nonetheless, the company did note in its Q2 2025 earnings report that it is planning to launch crypto-asset-linked investment trusts and ETFs upon regulatory approval. Harvard University Commits Over $116 Million To Bitcoin ETF Institutional confidence in Bitcoin received a major boost with Harvard University’s decision to invest $116.6 million into BlackRock’s IBIT spot Bitcoin ETF. This interesting investment was revealed in a recent filing with the US Securities and Exchange Commission by the Harvard Management Company. This sizable position elevates Bitcoin to a prominent role within Harvard’s equity portfolio, which is a notable shift in its investment choices, particularly following its decision last quarter to scale back exposure to several major Big Tech stocks. According to the filing, the endowment purchased 1.9 million shares of iShares Bitcoin Trust, valued at $116.6 million. This value places Bitcoin as the fifth-largest holding in Harvard’s equity portfolio behind Microsoft, Amazon, Booking Holdings, and Meta. Harvard’s allocation aligns closely with investment trends in the US, as US spot Bitcoin ETFs have attracted more than $54 billion in inflows since their launch in early 2024. Related Reading: Ripple-SEC Legal Drama Ends; XRP Skyrockets 13% The move comes at a time when liquidity on major exchanges is tightening, and it has contributed to an increase in bullish sentiment surrounding Bitcoin.  At the time of writing, Bitcoin is trading at $118,320, up by 4% in the past seven days. Featured image from Unsplash, chart from TradingView

XRP’s market presence is gaining strength in 2025, and technical analysis is pointing to a significant divergence from Bitcoin and Ethereum. Recent technical analyses and market structure shifts indicate that XRP is moving along its own bullish path, and its dominance level has been climbing in the past few months.  Technical analysis of the XRP/BTC pair and market cap dominance shows a breakout that could set the tone for XRP in the coming weeks and months, even as it is battling an important short-term support level at $3.22. Related Reading: Bitcoin Is Still King Of Capital Inflows, According To Michael Saylor XRP/BTC Pair Shows Decoupling Momentum According to a breakdown of the XRP/BTC pair by crypto analyst Dark Defender on the social media platform X, XRP has been mostly outperforming Bitcoin since late 2024 and the start of 2025. This trend is shown in the XRP/BTC 3-month candlestick price chart below, which captures a decisive breakout above a long-standing downtrend resistance trendline in December 2024. Despite Bitcoin’s multiple all-time highs in 2025, price action on the XRP/BTC pair has maintained strength above this trendline resistance. This trend indicates a prolonged period of relative outperformance, and according to Dark Defender, the decoupling has already started, meaning the altcoin is now following its own unique path. At the time of writing, the XRP/BTC pair is trading at 0.00002696. If this trajectory holds, the pair could continue to climb toward higher targets, which would bode well for the price of XRP and an altcoin season. Chart Image From X: Dark Defender This bullish stance is further supported by popular analyst EGRAG CRYPTO, who noted the growth in the altcoin’s market dominance. According to him, XRP’s market dominance chart is a crucial indicator of its price direction. His Fibonacci-based analysis identified the 5.92% dominance as the first hurdle that must be breached to open the path toward higher targets. Once cleared, the next resistance is at 8.87%, followed by his optimal dominance target of 11.61%. If XRP reaches this optimal target, then it would certify its performance for the crypto this cycle. Finally, a move to 21.5% dominance would push the XRP price to all-time highs.  Image From X: EGRAG CRYPTO Short-Term Pullback Tests Important Support Although the long-term XRP structure is bullish, the short-term picture shows XRP is currently undergoing a pullback after touching $3.38 very briefly on August 8. Analyst CasiTrades noted that this retracement is now approaching an important support zone between $3.21 and $3.22, which also coincides with the 0.382 Fibonacci retracement level. This zone carries added significance as it aligns with a key backtest area, making it a pivotal point for preserving the bullish structure. The selloff, she noted, may be a calculated liquidity grab to shake out weak holders before the next leg up. Holding above $3.22 could maintain confidence in XRP’s upward trajectory. If XRP does break above $3.22, the next important support level to hold is at $3.17. Image From X: CasiTrades Related Reading: Ripple-SEC Legal Drama Ends; XRP Skyrockets 13% Featured image from Unsplash, chart from TradingView

Ethereum’s price action in the past seven days has been nothing short of interesting. During this period, the leading altcoin has surged past $4,000 for the first time since December 2024 and is also now trading above $4,200, reclaiming a level it last held in 2021.  According to on-chain data, the breakout has injected confidence into the market, especially among retail traders. Ethereum’s technical setup and comparisons with Bitcoin are now showing the possibility of a rally on par with the most explosive phases in its history. Related Reading: Ripple-SEC Legal Drama Ends; XRP Skyrockets 13% Ethereum Fractal Structure Signals 1,110% Rally According to technical analysis of Ethereum’s price action on the weekly candlestick timeframe chart, the leading altcoin is about to enter into a 1,110% rally that might take its price above $20,000. This analysis was initially noted by crypto analyst Merlijn The Trader, who identified a repeating cycle that closely aligns Ethereum’s current performance with Bitcoin’s 2018-2021 run.  Taking to the social media platform X, the analyst noted that in that earlier cycle, Bitcoin endured an 83% drop from its highs before staging a powerful 342% recovery. This was followed by a secondary correction of around 63%, which ultimately served as the base for a 1,110% surge between the second half of 2020 and the first half of 2021.  Ethereum’s weekly chart has been following the same sequence almost step-for-step in the past few years. After a steep 83% decline from its 2021 peak, Ethereum mounted a 342% rebound, only to experience a deep retracement of roughly 63% to $1,500 in April 2025. Since then, however, Ethereum has mounted another rebound, with the latest move being the most recent rally back above $4,200. Image From X: Merlijn The Trader This latest rally shows Ethereum is now in the final phase, where it could be positioned for a comparable explosive run to as high as $20,000 if the fractal continues to play out. In another analysis, Merlijn The Trader also pointed out that Ethereum’s weekly chart is echoing its own 2017 breakout structure. In that cycle, Ethereum reclaimed the 50-week moving average after a prolonged consolidation phase before entering into a sustained and powerful rally. The 2025 chart shows a similar reclaim of the 50 MA, and the price is now breaking above the $4,000 resistance zone that has stood since March 2024. Image From X: Merlijn The Trader Bullish Sentiment Building Above $4,000 Although Ethereum’s recent price rally can be mostly attributed to institutional buys in Spot Ethereum ETFs, the breakout above $4,000 has not gone unnoticed in the broader market. Notably, data from on-chain analytics platform Santiment reflects a dramatic rise in bullish activity across social channels.  Mentions tied to buying, optimism, and higher price expectations have surged sharply, now outpacing bearish commentary such as selling or lower price calls by almost two-to-one. Although this can create the conditions in which Ethereum’s rally can sustain momentum, too much FOMO can also put a temporary halt to any rally. Image From X: Santiment Related Reading: Bitcoin Is Still King Of Capital Inflows, According To Michael Saylor At the time of writing, Ethereum is trading at $4,225, up by 23% in the past seven days. Featured image from Unsplash, chart from TradingView

The potential integration of Bitcoin (BTC), the world’s largest cryptocurrency, into the United States 401(k) retirement plans could open the door to a $12 trillion investment pool, marking a significant shift in mainstream adoption. With millions of Americans contributing to this plan every two weeks, even a small allocation to Bitcoin could create a steady, long-term inflow of capital far exceeding the impact of spot Exchange Traded Fund (ETF).  Related Reading: Crypto Is Here To Stay—Even The SEC Can’t Do Anything About It, Analyst Says Bitcoin To Break Into 401(k) Retirement Market Bitcoin’s possible entry into the US $12 trillion 401(k) investment options could represent one of the largest structural inflows in the asset’s history. Tom Dunleavy, the Head of Venture at Varys Capital and a former senior analyst at Messari, declared in an X social media post on August 7 that cryptocurrencies in the 401(k) retirement plan are much bigger and more bullish news than the ETFs.  Dunleavy explained that the US currently has around 100 million Americans participating in the 401(k) plan, where a fixed portion of each paycheck is automatically invested into preselected portfolios of stock and bonds. These allocations are typically reviewed annually at most, creating a steady and predictable stream of capital into financial markets. Additionally, over the past two decades, this 401(k) plan has been a critical driver behind the resilience and long-term upward trajectory of US equities. According to Dunleavy, the total value of assets in the 401(k) plans stands at approximately $12 trillion, with around $50 billion in fresh contributions added every two weeks. The analyst suggested that even a small portfolio allocation to Bitcoin would represent significant and recurring inflows. He estimated that a 1% allocation translates to roughly $120 billion in continuous buying, 3% would equate to $360 billion, and 5% would reach a whopping $600 billion.  Unlike one-time purchases, Dunleavy notes that these allocations could continue indefinitely once set, creating a persistent demand floor for Bitcoin and other cryptocurrencies. He also compared the 401(k) plan to ETFs, claiming that cryptocurrencies within the investment pool could have a greater long-term impact than the launch of Spot Bitcoin ETFs.  Regulatory Backdrop And BTC’s Path To Adoption Dunleavy has indicated that the possible integration of Bitcoin into the 401(k) investment menus is closely tied to the Employee Retirement Income Security Act of 1974 (ERISA). He noted that ERISA establishes fiduciary standards designed to protect participants’ interests and ensure they receive promised benefits. Under this framework, most fiduciary risk is borne by consultants, who advise plan sponsors on asset allocation and investment options. Related Reading: Ripple-SEC Legal Drama Ends; XRP Skyrockets 13% For over a decade, these consultants have been researching the cryptocurrency market, building the knowledge base and compliance structures necessary to justify a modest crypto allocation—typically ranging between 1% and 5% for pensions and potentially 401(k) participants. Until recently, structural and regulatory constraints meant crypto could not be directly offered as an investment choice. With those barriers potentially shifting, consultants now have both the regulatory cover and the research credibility to recommend adding Bitcoin to retirement plans.  Featured image from Unsplash, chart from TradingView

Dogecoin is showing strong signs of a market revival, with recent price movements and technical indicators hinting at an incoming rally. According to technical analysis, Dogecoin’s recent price action has opened up a pathway to $1 that’s becoming increasingly visible if some conditions are met. Particularly, technical analysis by crypto analyst MMBTtrader on the TradingView platform outlines a bullish setup that formed after a decisive Dogecoin price breakout from a long-term downtrend channel on the 3-day candlestick chart. Related Reading: Crypto Is Here To Stay—Even The SEC Can’t Do Anything About It, Analyst Says Downtrend Channel Breakout And Retest Complete As shown in the 3-day candlestick price chart below, which was initially shared by MMBTtrader, Dogecoin broke above a descending parallel channel on July 15. This breakout is significant because it represents a shift in market structure from sustained selling pressure to an expansion phase from a channel that had contained its price action since late 2024.  However, after breaking out of this channel in mid-July, Dogecoin kicked off a correction path on July 21 that saw it reach down towards the upper trendline of the descending channel again. As noted by the analyst, this move allowed Dogecoin to successfully retest the breakout zone, which is a move he sees as confirmation that bulls have regained control.  Notably, the 0.61 Fibonacci retracement level appears as a key pivot point where Dogecoin’s price action eventually found strong support. This support was around the $0.188 price low on August 2, where it bounced upwards and has closed three bullish 3-day candles since then. MMBTtrader interpreted these candles as a healthy signal, suggesting that over-leveraged long positions have already been flushed out, and Dogecoin’s price action is now in a more stable state for a strong upside move. Dogecoin Will Reach $1 When This Happens Now that Dogecoin seems to have bounced from its retest of the descending trendline, the analyst highlighted some targets on the way to $1. The first price target is $0.32, which aligns with the 0.236 Fibonacci resistance and acted as a strong support level in December 2024. As such, breaching this level would represent a decisive break above a support-turned-resistance situation. One of the most important observations in the analysis is the $0.40 resistance level, which is marked on the chart with a prominent red horizontal zone. According to MMBTtrader, a clean break above $0.40 would shift Dogecoin into what he calls an “extremely bullish” phase.  A breakout above $0.40 would unlock upside potential and push Dogecoin to new price territories above its current all-time high of $0.73. Particularly, the projection is that of a move to $0.75 and the most-coveted $1 price level.  Related Reading: Ripple-SEC Legal Drama Ends; XRP Skyrockets 13% At the time of writing, Dogecoin is trading at $0.2355, up by 6.2% and 17.7% in the past 24 hours and seven days, respectively. The most important thing for bullish momentum right now is to hold above the 0.5 Fib level at $0.216. Featured image from Unsplash, chart from TradingView

Michael Saylor, founder of Strategy, suggested this week that a rumored move by the US to impose tariffs on gold imports could push money out of the metal and into Bitcoin. Related Reading: Ripple-SEC Legal Drama Ends; XRP Skyrockets 13% According to a Bloomberg interview, Saylor argued that Bitcoin cannot be taxed at the border because it “lives in cyberspace, where there are no tariffs.” He said the coin’s lack of physical weight and its speed of settlement make it more attractive than gold in a world where import duties on bullion are being discussed. Saylor Frames Bitcoin As Tariff-Proof Asset Reports have disclosed that others in the industry agree. Simon Gerovich, president of Metaplanet, called gold “heavy, slow, and political,” and labeled Bitcoin “light, fast, and free.” Based on reports, Metaplanet — a Japanese company that manages a Bitcoin treasury — bought nearly $54 million in Bitcoin recently, bringing its total holdings to 17,595 BTC, roughly $1.78 billion at current values. Those numbers matter to investors watching whether corporate treasuries will switch allocation from stored metal to digital coins. Market Reaction And Price Moves Markets reacted in different ways. Gold futures hit an all-time high after the tariff news, as traders scrambled to price the possible cost impact of new import rules. Bitcoin, meanwhile, traded roughly sideways in the same period, moving down by less than 1% in the last 24 hours. The split response shows that a policy shock can push some capital into metal while other buyers may sit on the sidelines or look to crypto for a different kind of hedge. This is the purchasing power of the U.S. Dollar This is the ultimate chart pattern for all fiat currencies Some think Gold is a great store of value (preserving its purchasing power) – and it is But the ultimate store of value will prove to be Bitcoin $BTC pic.twitter.com/4rdar3TRtT — Peter Brandt (@PeterLBrandt) August 8, 2025 Brandt Highlights Dollar Decline Over Decades Veteran trader Peter Brandt added fuel to the debate by posting a long-run chart that traces the US dollar’s purchasing power from $1.00 in 1971 to about $0.031 in 2025, based on M2 money growth. Related Reading: Crypto Is Here To Stay—Even The SEC Can’t Do Anything About It, Analyst Says Brandt pointed to a roughly 95% decline in that period and said this trend shows fiat currency can lose value over decades. He argued that while gold has held value for many years, Bitcoin is now positioned to serve as a store of value going forward. According to market watchers, the tariff talk has changed the short-term mood but not resolved which asset is the better long-term refuge. Institutional buyers like Strategy and Metaplanet are making public bets on Bitcoin, and that shapes expectations. At the same time, gold’s record high reminds investors that demand for tangible stores of value can spike on policy risk. Featured image from Unsplash, chart from TradingView

After failing to decisively break above the $120,000 level in mid-July, Bitcoin (BTC) could face further price corrections as whales continue to increase BTC inflows to the Binance crypto exchange. Is Bitcoin Losing Its Bullish Momentum? According to a recent CryptoQuant Quicktake post by contributor Arab Chain, fresh data from the Binance Whale-to-Exchange Flow indicator suggests that BTC may soon experience additional downside pressure. Related Reading: Bitcoin ETF Market Flashes Warning: IBIT Outflows Paired With Drop In Tron USDT Transfers The analyst noted that despite growing retail participation in the BTC market, persistently high whale inflows into Binance – combined with a declining Bitcoin price – signal that the market could be entering a technical correction phase. Arab Chain shared the following chart, where the purple zone shows that whale inflows to Binance remained consistently high throughout July and early August. At the same time, the drop in BTC price reflects a distribution pattern, where whales begin unloading BTC on exchanges following a sharp rally. Although there were no extreme spikes, whale inflows into Binance stayed elevated in the $4 billion to $5 billion range, indicating that these large holders are actively moving BTC onto the exchange – often a precursor to major sell-offs. The fact that these inflows remain high on Binance despite the drop in BTC price suggests that either whales are still selling their holdings on the exchange, or they are waiting for a price rebound to exit the market. Similarly, the light blue area in the chart shows a notable increase in retail inflows to Binance during late July and early August. Historically, such late-stage retail participation often marks the final phase of a bullish cycle, providing exit liquidity for whales. The analyst concluded: Despite the rise in retail participation, the market shows signs of internal weakness, with sustained whale inflows to Binance and loss of upward momentum. If this behavior continues, the market may be entering a medium-term correction phase. Investors Still Optimistic About BTC While signals suggest the current BTC rally may be overextended, some investors remain confident, employing strategies like Smart Dollar-Cost Averaging (DCA) to accumulate BTC in anticipation of further price gains. Related Reading: Bitcoin Holds Steady At $115,000, But Realized Price Data Warns Of Fragility Fellow CryptoQuant analyst Oinonen noted that while the recent pullback in BTC price may have raised concerns about further declines, the asset’s historical Q4 performance could propel it to a new all-time high of $200,000 by the end of 2025. After hitting a recent low around $111,800, BTC has recovered part of its losses and is now trading near $116,500. Still, some analysts caution investors against “excessive optimism.” At press time, BTC was trading at $116,501, up 0.2% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

On Thursday, the decades-old wall separating US retirement accounts from direct crypto exposure came down — and the potential capital inflow is staggering. President Donald Trump signed an executive order that will open 401(k) retirement plans to a broader range of alternative assets, including private equity, real estate, and — for the first time — crypto assets such as Bitcoin, Ethereum, and Solana. Is A Trillion-Dollar Crypto Flood About To Hit? The news marks a sharp reversal from the US Department of Labor’s (DOL) aggressive stance just three years ago, when the agency issued an unprecedented warning urging retirement plan providers to “exercise extreme caution” before offering crypto in 401(k) plans. As Ryan Rasmussen, Head of Research at Bitwise Asset Management, noted, “It was the first — and only — time the DOL singled out an asset class like this. Not even junk bonds or ESG funds.” In 2022, the DOL went further, stating that adding crypto to a 401(k) could be interpreted as a failure to meet the required fiduciary standard of professional care. The message was unambiguous: providers who failed to meet that standard could be held personally liable for any losses. This effectively froze the market before it began. “401(k) providers had to decide if adding crypto to plans was worth the risk of DOL scrutiny. Most didn’t,” Rasmussen explained. The chilling effect was immediate — sponsors backed off, firms paused crypto-linked retirement products, and investors “missed out on life-changing returns.” Related Reading: USDC Emerges As Top Pick In Booming Crypto Payroll Trend—Survey By mid-2025, however, the tide had turned. Mounting legal pressure, pushback from 401(k) providers, and Congressional criticism of regulatory overreach led the DOL to rescind its “extreme caution” guidance in full. More strikingly, the agency admitted that its 2022 approach was a deviation from its historically neutral treatment of investment strategies. As Rasmussen put it, “Once again, the US government admitted it had singled out crypto.” Now, the executive order will not merely remove the roadblocks but actively open the gates. According to Bloomberg data cited by Rasmussen, the US 401(k) market is valued at approximately $12.5 trillion. Even a 1% allocation to crypto would translate to $125 billion in inflows; a 10% allocation could reach $1.25 trillion. Rasmussen believes the earliest beneficiaries will be assets with existing exchange-traded fund (ETF) structures, naming Bitcoin, Ethereum, and Solana, while adding that “a rising tide lifts all boats.” More Implications For industry observers, the implications extend beyond a one-time capital injection. Tom Dunleavy, Head of Venture at Varys Capital, stressed that the mechanics of 401(k) investing create a powerful and persistent demand driver. “In the US, roughly 100 million Americans have a retirement investment vehicle known as a 401(k),” Dunleavy explained. Related Reading: Crypto Is Here To Stay—Even The SEC Can’t Do Anything About It, Analyst Says “Every 2 weeks, a portion of their paychecks are routed directly into purchasing a mixture of stocks and bonds… This is a HUGE driver of the equity market run and resilience over the past 20 years. A constant background bid for assets.” With around $50 billion entering these funds biweekly, even a modest portfolio allocation to crypto — 1%, 3%, or 5% — could create recurring inflows of $120 billion to $600 billion annually. “And these aren’t one-time flows. THEY KEEP BUYING ONCE ALLOCATIONS ARE SET,” Dunleavy emphasized. Jan Happel and Yann Allemann, the founders of Glassnode and Swissblock, are already calling the move a watershed for mainstream adoption. They remarked via X, “People don’t realize yet how big today’s news has been for crypto… this will be seen as the watershed moment for mainstream adoption, much more than the ETF.” Scott Melker, known as “The Wolf of All Streets,” highlighted the transformational nature of the change: “Until now, the average American couldn’t touch Bitcoin or Altcoins in a 401(k). Soon, they might be able to DCA and trade like a degen tax-free for decades. This isn’t just policy — it’s a paradigm shift.” As Dunleavy summed it up, with 401(k)s and direct asset trusts in place, the policy “put[s] a ridiculous floor under crypto going forward and move[s] the limit from the moon to Jupiter.” At press time, the total crypto market cap stood at $3.82 trillion. Featured image created with DALL.E, chart from TradingView.com

Tron (TRX) has recorded notable price gains over the past month, rising by nearly 20% in the past 30 days. Currently trading at around $0.3392, the asset has also posted a 1.5% gain in the past 24 hours. These developments occur amid growing on-chain activity, particularly driven by the increased use of the TRON network for Tether (USDT) transactions, positioning the blockchain as a major player in the stablecoin infrastructure space. One of the key observations has been the network’s sharp rise in USDT transaction volume. According to CryptoQuant contributor Arab Chain, TRON processed over 8.29 million USDT transactions in the week ending August 3, 2025. This figure not only indicates heightened activity but also reveals the diversity of transaction sizes across the network. Transfers between $101 and $1,000 made up the largest proportion at 38.66%, with significant activity also observed in transactions exceeding $1,000. Related Reading: TRON Inc. Plans $1B Buyback of 3.1B TRX Tokens Amid Price Resilience at $0.33 TRON’s Dual Adoption: Retail and Institutional Activity on the Rise Arab Chain emphasized that this distribution highlights TRON’s appeal across different user groups. The presence of mid-sized transactions suggests usage by freelancers, online vendors, and remittance users. In contrast, the substantial number of larger transactions implies participation by institutional traders, high-net-worth individuals, and potentially corporate entities. The analyst also noted a decline in transactions below $10, suggesting a reduced reliance on micro-payments or testing activity and a pivot toward practical use cases. The growing use of TRON for real-world settlement purposes is reinforced by its infrastructure, which supports low-cost, high-volume stablecoin transactions. Unlike networks that cater predominantly to large institutional transfers, TRON’s environment facilitates both high-frequency and high-value transfers. Arab Chain stated that this makes TRON a core component in enabling digital commerce, payroll systems, and cross-border payments. Meanwhile, CryptoQuant analyst Burak Kesmeci linked TRX’s recent momentum to regulatory developments in the United States. On July 18, 2025, the US Congress passed the GENIUS Act, marking the first formal federal regulatory framework for payment stablecoins. Kesmeci noted that this legislation provides a clearer legal foundation for dollar-backed digital assets by establishing guidelines for anti-money laundering (AML), consumer protection, and financial stability. Post-GENIUS Act: TRON Expands USDT Dominance Following the passage of the GENIUS Act, TRON moved swiftly to expand its footprint. According to Kesmeci, approximately $1 billion worth of new USDT was minted on the TRON network shortly after the bill became law. This increased TRX’s share of the total circulating USDT supply to over 83 billion out of 163 billion, accounting for approximately 51% of all USDT in circulation. The analyst suggested that this reinforces TRON’s position as the leading blockchain for stablecoin transfers. The GENIUS Act may catalyze stablecoin adoption in the US, with TRON expected to benefit due to its efficiency in handling stablecoin transactions. Related Reading: TRON Sees $1B USDT Mint: Liquidity Wave Incoming? As more institutions and users seek reliable, low-fee solutions for digital payments, TRON’s role in the growing ecosystem of tokenized dollars might just continue to expand. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s recent price action has drawn renewed attention as the asset attempts to rebound from last week’s decline. Following its July peak above $123,000, BTC experienced a downturn, hitting lows around $112,000 over the weekend. However, the latest data now suggest a gradual recovery in progress, with the cryptocurrency trading above $116,000 at the time of writing. Despite this modest rebound, some analysts are warning that underlying market sentiment could be pointing to a potential correction. Recent insights from contributors on the CryptoQuant QuickTake platform highlight signs of increasing optimism among traders, particularly on Binance. The balance between long and short positions is showing a distinct bias toward the long side, a pattern historically associated with short-term reversals. Related Reading: US Delay On Bitcoin Audit Is A Bullish Red Flag, Says Strike CEO Sentiment Indicators Raise Red Flags on Binance CryptoQuant analyst BorisVest recently discussed how sentiment on Binance, based on long-short positioning, has shifted notably into positive territory. According to BorisVest, the platform’s sentiment metric has shown a surge in long positions as BTC moved from $112,000 to $115,000. He noted that such spikes often coincide with price corrections. “The clustering of green bars in the sentiment chart suggests that traders are increasingly expecting prices to rise. However, excessive optimism tends to be countered by market corrections,” he explained. The analyst added that Binance, given its dominant share in trading volume, provides valuable insight into broader trader behavior. When the long position concentration grows during price increases, it may indicate a potential round of profit-taking. BorisVest stated that a meaningful correction would likely require BTC to fall below the $110,000 mark, which could offer more favorable re-entry points for buyers while restoring balance to the market structure. Bitcoin Leverage Data Shows Mixed Signals for Recovery In a related post, another CryptoQuant analyst, Arab Chain, examined the ongoing decline in Binance’s leverage ratio. Typically, a reduction in leverage is interpreted as a signal that overleveraged traders are exiting the market, thereby reducing volatility and risk of forced liquidations. “Lower leverage suggests less speculative behavior in the short term,” Arab Chain noted, “which often contributes to more stable price action.” Related Reading: Japanese Financial Giant SBI Moves Forward With Bitcoin-XRP ETF Application However, Arab Chain also pointed out that both leverage and price have been falling in tandem, which may reflect weak demand from spot buyers. This combination indicates that the recent downturn lacks sufficient buying support, raising concerns about the strength of Bitcoin’s current recovery. Featured image created with DALL-E, Chart from TradingView

Following a brief dip to $112,200, Bitcoin (BTC) has recovered slightly, trading around the $116,300 level at the time of writing. While concerns remain about BTC’s inability to decisively break the $120,000 resistance level, on-chain data suggests the asset may be in an accumulation phase – potentially gearing up for its next breakout toward a new all-time high (ATH). Bitcoin Currently In Accumulation Phase, Analyst Says According to a CryptoQuant Quicktake post by contributor BorisVest, a strategy called Smart Dollar-Cost Averaging (DCA) may help Bitcoin investors accumulate the asset more strategically and improve long-term performance. Related Reading: Bitcoin Rejected At $120,000: Binance Whale Inflows Suggest Possible Drop To $110,000 In his analysis, BorisVest noted that investors often struggle to time their entries into BTC. Many tend to buy during local tops due to fear of missing out (FOMO) and avoid entering the market during bottoms out of fear of further declines. Smart DCA offers a way to bypass these emotion-driven decisions. The strategy recommends accumulating BTC when its market price falls below the 1-week to 1-month realized price – a period during which short-term holders are often in loss, resulting in heightened sell-off. BorisVest explained: At these levels, short-term holders are usually underwater, leading to increased sell pressure. Smart DCA activates hourly purchases during such periods, helping to bring the BTC and USD cost basis closer together. Currently, the 1-week to 1-month realized price stands at approximately $117,700. As long as BTC trades below this level, Smart DCA continues to flash an accumulation signal. Once BTC climbs above this threshold, the strategy advises gradually selling previously accumulated coins. With Bitcoin now trading near $116,000, the analyst suggests that the asset is still in an accumulation phase – though it’s approaching the realized threshold. According to data from CoinGecko, BTC remains about 5.2% below its ATH of $122,838, recorded on July 14. Is BTC Unlikely To Hit A New ATH? Despite holding steady around $115,000, some analysts warn that Bitcoin’s realized price is slowly beginning to show signs of fragility. A drop below the $105,000 mark could lead to increased downside momentum, potentially triggering a larger sell-off. Related Reading: Bitcoin Sees Rising New Investor Dominance, Old Holders Yet To Capitulate Notably, Binance’s net taker volume has slipped back into negative territory, raising concerns about a near-term correction. Additionally, rising Bitcoin ETF outflows have shown signs of weakness, adding another layer of uncertainty. Still, not all indicators are bearish. Some on-chain metrics suggest BTC may simply be entering a cooling-off period after a brief overheated phase. At press time, BTC trades at $116,316, up 2.1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Japan’s largest bank, SBI, has unveiled plans to launch the country’s first exchange-traded fund (ETF) that will be linked to both Bitcoin (BTC) and XRP.  SBI Unveils Japan’s First Bitcoin And XRP ETF  According to circulating reports, this investment vehicle aims to trade on the Tokyo Stock Exchange (TSE), offering institutional investors a regulated avenue to gain exposure to two of the market’s largest cryptocurrencies.  In addition, the country’s financial giant has introduced a second product, the Digital Gold Crypto ETF, which will allocate 51% to gold and 49% to cryptocurrencies.  Related Reading: Dogecoin Price Crash Could End Soon With A Roadmap For $5 This structure is reportedly designed to mitigate investment risks through diversification, catering to a growing interest in combining traditional assets with digital currencies. This announcement arrives at a pivotal moment as Japan’s Financial Services Agency (FSA) is contemplating regulatory changes that could simplify the approval and tax processes for cryptocurrency-related financial products.  Such developments may further enhance the attractiveness of these offerings to investors looking for regulated investment opportunities in the crypto space. Meanwhile, across the waters in China, the focus is shifting towards the introduction of the country’s first stablecoin.  Hong Kong Emerges As Crypto Testing Ground Reports from the Financial Times indicate that Hong Kong has emerged as a testing ground for cryptocurrency initiatives, particularly in light of the stringent bans imposed on the mainland.  Recently, Hong Kong passed legislation allowing licensed businesses to issue tokens backed by any fiat currency. However, the Hong Kong Monetary Authority (HKMA) has adopted a cautious approach, announcing that only a limited number of licenses will be granted starting next year. Chinese policymakers are increasingly recognizing the significance of stablecoins, particularly in the context of dollar-backed tokens that dominate the global economy.  Related Reading: Is The Bitcoin Bull Run In Jeopardy? Expert Reveals Strategy’s Alleged Plan To Sell All BTC Holdings In a speech made in June, Pan Gongsheng, the governor of China’s central bank, noted that stablecoins have “fundamentally reshaped the traditional payment landscape.”  This acknowledgment reflects a growing interest in stablecoins from Chinese state-owned enterprises, especially for payment and settlement solutions. Several state-owned companies operating in Hong Kong are reportedly preparing to apply for stablecoin licenses, although only one of China’s four major state-owned banks is anticipated to receive a license from the HKMA in this initial phase.  Notably, the HKMA has not ruled out the possibility of approving licenses for stablecoins backed by offshore renminbi, a potential move that could greatly facilitate cross-border payments—an increasingly vital area for China as it seeks to enhance its financial influence globally. When writing, Bitcoin trades at $115,245, recording a 1% recovery in the 24-hour time frame. When compared to its recently achieved all-time high (ATH) of $123,000, the cryptocurrency has retraced over 6%.  Featured image from DALL-E, chart from TradingView.com