THE LATEST CRYPTO NEWS

As Bitcoin (BTC) consolidates just below the $120,000 mark, concerns are mounting over whether the top cryptocurrency’s bullish momentum is fading. However, some analysts believe BTC still has room to grow, citing key on-chain indicators. Bitcoin Rally Far From Over According to a recent CryptoQuant Quicktake post by contributor Darkfost, Bitcoin’s rally is not yet over. The analyst points to the Short-Term Holder (STH) Market Value to Realized Value (MVRV) indicator as evidence. Related Reading: Bitcoin Profit-Taking Spikes Without Price Drop – Strong Demand Or Delayed Reaction? For context, STH MVRV measures the profitability of Bitcoin held by short-term investors – typically those who acquired BTC within the last 155 days – by comparing the current market price to their average purchase price. When the STH MVRV is high, it suggests short-term holders are in profit and may sell. On the contrary, a low or negative MVRV indicates undervaluation and potential for further upside. Darkfost noted that during the current market cycle, unrealized profits among STH have yet to surpass the 42% threshold. Historically, every time the STH MVRV reaches around 1.35 – implying a 35% unrealized profit – it has triggered a wave of profit-taking, followed by short-term price pullbacks. As of now, the STH MVRV stands at approximately 1.15, well below the profit-taking zone. The analyst attributes this to the STH realized price exceeding $100,000 for the first time in Bitcoin’s history on July 11. At the time of writing, this realized price has risen above $102,000, providing BTC with a robust support base. To clarify, STH realized price refers to the average price at which all Bitcoin held by short-term holders was acquired. When Bitcoin’s current market price remains above this level, it reflects growing market confidence among newer investors. Darkfost added that BTC could rise another 20–25% before the STH MVRV reaches its critical level again. If this projection holds, Bitcoin could potentially hit $150,000 before the next wave of widespread profit-taking. Fresh Liquidity May Help, But Exercise Caution Bitcoin may also benefit from fresh liquidity entering the market. Fellow CryptoQuant analyst Amr Taha recently highlighted a $2 billion USDT deposit into major derivatives trading platforms, signaling potential leverage buildup. Related Reading: No Mania Yet: Bitcoin ATH Lacks Hype, Suggesting Further Upside Potential Similarly, favorable macroeconomic conditions are expected to support risk-on assets like Bitcoin. The recent weakness in the USD has fuelled optimism around capital rotating into cryptocurrencies and other high risk-reward assets. ​​However, BTC inflows to centralized exchanges have been steadily rising as well, suggesting a short-term correction could be on the horizon. At press time, BTC trades at $118,862, down 0.2% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin continues to maintain upward momentum despite a recent pullback from its all-time high. Currently trading at $117,847, the asset has recorded nearly a 10% gain over the past week. The dip from peak levels, approximately a 4.1% decline, has not dampened broader investor sentiment, with several on-chain indicators suggesting renewed buying interest and reduced selling pressure. Related Reading: Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume Turns Positive Bitcoin Whale Withdrawals Decline, While Stablecoins Flow In In a recent analysis posted to CryptoQuant’s QuickTake platform, analyst Amr Taha shared insights pointing to a strategic change in behavior among key Bitcoin holders and investors. The report, titled “Stablecoin Flood and Whale Retreat: Binance Moves Foreshadow Risk-On Sentiment”, outlined significant trends in whale activity and stablecoin flows that may support continued bullish momentum in the near term. Taha’s research highlighted a steep reduction in whale-level Bitcoin deposits on Binance. Over the past 30 days, these deposits have dropped from $6.75 billion to $4.5 billion, a $2.25 billion decline. Historically, large deposits from whales to centralized exchanges often signal an intention to sell, so the recent drop may imply a reduction in immediate sell-side pressure. This could stabilize Bitcoin’s price in the short term, especially if whales continue to hold or move assets to cold storage instead of preparing them for sale. At the same time, stablecoin flows have increased dramatically across major exchanges. On July 16, Binance and HTX saw combined stablecoin inflows exceeding $1.7 billion. Taha interpreted this as an indication that large entities, possibly institutions or whales, are preparing to accumulate digital assets. Large stablecoin deposits often precede significant buying activity, suggesting that the market could be gearing up for another leg higher, particularly if paired with reduced sell-side movements. Macroeconomic Developments and Miner Sentiment Add Context This on-chain activity is unfolding amid broader economic and political developments. Taha’s report also pointed to speculation around President Donald Trump’s comments during a private meeting, in which he reportedly considered replacing Federal Reserve Chair Jerome Powell. Though later denied, the remark sparked reactions in traditional markets, including a weaker dollar and rising bond yields. These shifts signaled a rotation into risk assets, potentially benefiting crypto markets as investors reallocate capital in anticipation of a more accommodative monetary stance. Related Reading: This Bitcoin Thesis ‘Will Retire Your Bloodline,’ Says Expert Separately, CryptoQuant analyst Arab Chain analyzed Bitcoin’s miner profitability using the Puell Multiple indicator. The data shows that while miners are currently making solid profits, the level has not reached historical peaks seen during prior market tops. In the 2017 and 2021 cycles, extreme miner profitability (indicated by Puell readings exceeding 2.0–3.0) often preceded sharp price corrections. At current levels, Arab Chain believes the market is not in a euphoric state, reducing the likelihood of imminent volatility due to miner-driven selloffs. Featured image created with DALL-E, Chart from TradingView

President Donald Trump is reportedly poised to open the $9 trillion retirement market to a range of alternative investments, including crypto, gold, and private equity.  According to the Financial Times, this initiative is expected to be formalized through an executive order as early as this week. It seeks to diversify the investment options available within 401(k) plans, which have traditionally been limited to stocks and bonds. Crypto In Retirement Savings Trump’s forthcoming executive order will direct regulatory agencies to explore the necessary adjustments to facilitate the inclusion of these alternative asset classes in professionally managed retirement funds.  According to insiders familiar with the plan, this shift aims to enable American workers to invest their retirement savings in a broader spectrum of opportunities, including digital assets, metals, and funds that focus on private loans and corporate takeovers. Related Reading: Bitcoin Sees Influx Of New Capital: First-Time Buyers Add 140,000 BTC This executive order marks a significant acceleration in Trump’s efforts to mainstream cryptocurrency investments. His administration has already taken steps to ease regulatory burdens, notably by reversing a Biden-era policy that discouraged the inclusion of crypto options in retirement accounts.  The recent passage of three crypto-related bills by the House, which Trump has vocally supported, further underscores his commitment to bolster the digital asset industry. Higher Fees And Transparency Concerns The implications of opening the retirement market to private equity are vast. Major capital groups, including Blackstone, Apollo, and BlackRock, have expressed keen interest in gaining access to 401(k) funds, which they view as a potential source of hundreds of billions in new assets.  However, the push to integrate less liquid private investments into retirement plans carries inherent risks. Higher fees and reduced transparency regarding asset valuations may pose challenges for plan administrators and investors alike.  Related Reading: All 40K Remaining Bitcoin From The 80K Whale Just Moved: $4.75B In One Wallet Now Featured image from DALL-E, chart from TradingView.com

Crypto exchange Coinbase has launched a new initiative with its “Base App,” aiming to broaden access to the crypto economy. Unveiled on Wednesday, this application replaces the Coinbase Wallet and is designed to merge various functionalities, including wallet, trading, payments, messaging, and social media. Built on Coinbase’s proprietary blockchain network, Base, which operates on the Ethereum (ETH) blockchain, the app reportedly seeks to attract a wider audience beyond traditional cryptocurrency enthusiasts. Base App Launch According to CNBC,  the Base App represents an opportunity to reach consumers who may not be primarily interested in buying or trading cryptocurrencies—a critical pivot given the company’s past over-reliance on trading revenues. Related Reading: BNB Price Stalls: Struggles to Resume Gains While Altcoins Rally To support the launch of the Base App, Coinbase introduced two significant features: Base Account, an identity verification system, and Base Pay, an express checkout tool designed for payments using the Circle-issued USDC stablecoin.  During the unveiling event, Alex Danco, a product manager at Shopify, highlighted that “tens of thousands” of merchants can now utilize this feature, with plans for a broader rollout in the coming months. Additionally, Shopify intends to offer 1% cash back on USDC payments made through Base, further incentivizing usage. While initial enthusiasm for the Base network has primarily attracted developers and builders, notable interest is growing among larger financial entities. Recently, JPMorgan announced its plan to launch a deposit token on the Base blockchain, showcasing the network’s potential. Ambitious Goals For Coinbase The Base App is designed to enhance monetization options and greater control over their identity and data. As part of this initiative, Coinbase plans to fund creator rewards and waive USDC transaction fees within chat features, although significant revenue generation is not expected immediately. This launch comes at a time when the broader cryptocurrency industry is experiencing a surge in new products, driven by favorable policies from the Trump administration and anticipated regulatory clarity from Congress.  Related Reading: Altcoin Season Index Spikes Above 30, But Bitcoin Dominance Remains High, What Next? Last month, Coinbase made headlines with the introduction of its first credit card in partnership with American Express, while Shopify rolled out USDC-powered payment solutions through Coinbase and Stripe. Coinbase CEO Brian Armstrong has expressed ambitious goals for the company, aiming to position USDC as the world’s leading stablecoin, currently dominated by Tether’s USDT. He also envisions transforming Coinbase into the premier financial services app globally within the next five to ten years.  As of writing, the exchange’s stock, COIN, is trading at $398, slightly down from its all-time high of $405, which was reached earlier in Wednesday’s trading session. Bitcoin (BTC) and other major cryptocurrencies have also shown significant bullish momentum, with prices reaching new records or levels not seen since earlier in the year. Featured image from DALL-E, chart from TradingView.com 

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

Bitcoin (BTC) is showing signs of recovery following a brief market retreat triggered by the latest US Consumer Price Index (CPI) update. The asset had slipped to lows near $116,000 following inflation data. However, BTC has rebounded since, reaching $119,248 earlier today and trading at $119,187 at the time of writing, roughly 3.1% below its all-time high of $123,000 set earlier this week. While broader macroeconomic concerns are shaping price sentiment, new on-chain metrics from the mining sector are drawing attention. A CryptoQuant analyst has watched miner activity closely, as some key indicators suggest that miners may be preparing to sell. This development could influence short-term price action, though the broader outlook for Bitcoin remains largely unchanged, according to the analyst. Bitcoin Miner Behavior Points to Short-Term Pressures CryptoQuant contributor Avocado Onchain highlighted in a recent post that the Miner Position Index (MPI) has jumped to 2.7. This index compares the amount of Bitcoin being moved by miners to exchanges with the historical one-year average. A high MPI reading generally implies increased selling intent, as miners move assets to trading platforms. Avocado noted that the current reading may indicate mild selling pressure, which could contribute to a near-term correction or sideways trading pattern. However, he also emphasized that the current MPI value is still far from the elevated levels typically observed at market cycle peaks. The analyst suggested that this activity may be part of a recurring intra-cycle trend in which brief corrections are followed by further upward movement. He advised that it remains uncertain whether this miner activity marks a one-off event or signals a larger selling wave. Either scenario may affect short-term volatility, but not necessarily the broader trajectory. Network Flows Support the Data Trend In a separate analysis, CryptoQuant contributor Arab Chain examined the implications of increased miner activity. According to their findings, network data reveals a noticeable uptick in miner-related movements, levels last seen in November 2024. Arab Chain explained that while miner activity on the blockchain is rising, this alone doesn’t confirm sales unless Bitcoin is transferred to exchanges. Related Reading: Bitcoin OG Whale Moves 40,000 BTC To Galaxy, Triggering Market Shock To further validate the outlook, Arab Chain analyzed platform inflow data. They observed a correlation between BTC transfers to exchanges and Bitcoin’s recent climb above $116,000. This movement may indicate that miners view current prices as favorable for selling, possibly to cover operational costs or secure liquidity. The data also hints at miners anticipating a potential correction, which could drive more transfers and further market fluctuations. They concluded that the extent of any correction would largely depend on whether this wave of miner activity persists. Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) is currently stabilizing within the $116,000 to $120,000 range. However, fresh liquidity totalling $2 billion in stablecoins could help propel the flagship cryptocurrency to new all-time highs (ATHs). Bitcoin To Benefit From Fresh Liquidity According to a CryptoQuant Quicktake post by contributor Amr Taha, more than $2 billion worth of stablecoins – primarily Tether (USDT) – were deposited into major derivatives trading platforms earlier today. Related Reading: Bitcoin Profit-Taking Spikes Without Price Drop – Strong Demand Or Delayed Reaction? Taha believes that this surge in inflows signals increased appetite for leveraged positions among seasoned traders, many of whom are anticipating a potential breakout in BTC’s price. Notably, this fresh batch of USDT was minted by Tether Treasury, suggesting institutional demand is driving the activity. Historically, large-scale stablecoin inflows have preceded bullish market momentum, as traders often use them to open long positions on Bitcoin and altcoin futures and perpetual contracts. Rapid stablecoin deposits into derivatives exchanges often act as a leading indicator for major price rallies. Meanwhile, fellow CryptoQuant contributor TraderOasis pointed to rising Open Interest, noting that it is increasing alongside BTC’s price – a classic signal of strong bullish sentiment. To explain, rising open interest in tandem with a rising Bitcoin price typically signals increasing market participation and bullish sentiment, as more traders are opening positions expecting further upside. However, it can also indicate a buildup of leverage, which may lead to heightened volatility or a sharp correction if sentiment shifts. The analyst also highlighted the Coinbase Premium Index, which remains above zero – a sign that US-based buyers are paying a premium over global spot prices. They added that the indicator is currently within a ‘Breaker’ structure, sharing the following chart for context. TraderOasis noted that while BTC price is rising, the Coinbase Premium Index indicator has remained relatively flat. The analyst explained: This suggests to me that major players are taking profits. If the descending trend structure I marked with an arrow is broken, the price is likely to rise much more strongly. On the other hand, if the indicator drops below the ‘0’ level, I may consider it a buying signal, as we are still in a macro bullish market. Short-Term Pullback For BTC? While the $2 billion stablecoin injection is likely to act as a bullish catalyst for BTC and the broader crypto market, some exchange data suggests a potential short-term pullback before the next leg up. Related Reading: No Mania Yet: Bitcoin ATH Lacks Hype, Suggesting Further Upside Potential For instance, BTC deposits to exchanges spiked after the digital asset hit a recent high around $123,000 – a pattern that often precedes local tops and is typically followed by a price correction. That said, despite recent profit-taking, BTC has not experienced a major price drop, pointing to robust underlying demand. At press time, BTC trades at $119,171, up 2.4% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

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

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

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

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

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

Bitcoin (BTC) surged to a new all-time high (ATH) of $123,218 earlier today, pushing its market cap beyond $2.4 trillion. However, exchange data shows a sharp increase in BTC inflows following this milestone, raising concerns of a potential short-term correction. Bitcoin Exchange Inflows Warn Of Pullback According to a CryptoQuant Quicktake post by contributor Tarekonchain, BTC is beginning to show signs of short-term cooling. Notably, exchange inflows recorded a sharp uptick right after Bitcoin hit its fresh ATH. Related Reading: Bitcoin Rally Ahead? DXY Breakdown Suggests Capital Shift To Risk-On Assets The following chart shared by the analyst highlights exchange netflows to spot platforms, with notable spikes in inflows to centralized exchanges. This typically indicates profit-taking behavior by short-term holders and some whales. Tarekonchain noted that such on-chain activity is usually indicative of a local top that could lead to a healthy price correction or consolidation in the coming days. They added: It’s a classic pattern we’ve seen after previous parabolic rallies – profits are realized, weak hands exit, and price finds a new base. That said, the analyst noted that despite the warning signs of a looming price correction, the overall market structure remains largely bullish. For instance, long-term holders are still holding their BTC, not keen on selling at current price levels. Supporting the bullish thesis, spot Bitcoin exchange-traded funds (ETFs) continue to attract strong capital. For the week ending July 11, they saw $2.72 billion in net inflows – a clear sign of ongoing institutional interest. Whales Preparing To Sell? In a separate post, CryptoQuant contributor Crazzyblockk pointed to an uptick in whale activity on Binance. The Binance Whale Activity Score shows that deposits from large wallets have spiked dramatically. Related Reading: Bitcoin Uptrend Intact, But Binance Activity Warns Of Short-Term Pullback Whales reportedly deposited as much as 1,800 BTC to Binance in a single day, with more than 35% of transactions valued at over $1 million, hinting at strategic positioning ahead of expected volatility. Crazzyblockk highlighted two possible scenarios following the surge in deposits from large-scale investors. First, it is likely that these investors are sitting on healthy profits and may be getting ready to secure some gains after a historic run. Alternatively, they might be aiming to leverage Binance’s deep liquidity to hedge or open new positions as the market experiences heightened volatility. Either way, this sell-side pressure on Binance is likely to weigh on BTC’s bullish momentum. Despite rising inflows and increased whale activity, market sentiment remains broadly positive. Retail investor participation is still muted compared to previous bull runs, suggesting the current rally might still have room to grow. At press time, BTC trades at $119,449, up 0.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

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

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

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

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

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

As Bitcoin (BTC) continues to post new all-time highs (ATH), reaching as much as $118,869 on Binance, market indicators show little sign of overheating. The lack of retail-driven hype amid BTC’s record-breaking run suggests there may still be room for further growth in the flagship cryptocurrency. Bitcoin ATH Sees Absence Of Hype According to a recent CryptoQuant Quicktake post by contributor burakkemeci, Bitcoin’s current rally is notably characterized by the absence of retail investors. The contributor argues that this lack of retail participation implies BTC may still have significant upside potential. Related Reading: Bitcoin Rally Ahead? DXY Breakdown Suggests Capital Shift To Risk-On Assets The analysis centers on the Spot Retail Activity Through Trading Frequency Surge metric, which tracks the frequency of retail trading activity in the Bitcoin spot market. The analyst shared the following chart to illustrate the trend. When retail trading activity rises significantly compared to the one-year moving average (MA), the chart forms bubbles. Green bubbles indicate that there are very few retail investors currently in the market. Orange bubbles show that trading activity among retail investors is picking up. Similarly, red bubbles indicate caution, hinting that there are too many retail investors in the market and that it may be a good time to consider exit strategies. As the below chart shows, retail activity remains subdued – even as BTC continues to reach new ATHs. In fact, the metric has stayed within the gray zone since March 2024, reflecting a lack of mass retail entry. Historically, retail trading tends to surge as BTC approaches or exceeds ATH levels. The analyst notes that this absence may indicate the cycle top is still ahead: The bull market is still largely driven by institutions and exchange-traded funds (ETFs). When retail finally enters the scene, that might mark the beginning of the final phase. BTC Witnessing Subdued Selling Pressure In addition to the low retail presence, other on-chain indicators suggest that Bitcoin’s current rally is not overheating. For example, the Miner Position Index has been declining since November 2024, implying reduced selling pressure from miners. Another key metric, the Market Value to Realized Value (MVRV) ratio, is holding steady around 2.2 – below the 2.7 levels observed during ATHs in March and December 2024. Recent analysis predicts the next significant resistance may emerge at around $130,900. Related Reading: Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top Despite weak selling pressure and limited retail activity, some recent exchange trends hint at the possibility of a short-term pullback. At the time of writing, BTC is trading at $117,746, up an impressive 6% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

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

Bitcoin (BTC) reached a new all-time high (ATH) yesterday, climbing to $111,999 on Binance exchange before dipping slightly to around $110,000 at the time of writing. While the broader trend remains bullish, some analysts now anticipate a short-term pullback. Bitcoin Remains Bullish But Some Pullback Expected According to a recent CryptoQuant Quicktake post by contributor BorisVest, early warning signs suggest that BTC may face a brief correction. The analyst noted that if momentum doesn’t pick up soon, Bitcoin could struggle to maintain its bullish trajectory. Related Reading: Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top Binance taker buy/sell volume has shown a noticeable spike in aggressive buy orders – usually a bullish signal – but sell volume has also risen in tandem, effectively absorbing most of the demand. Despite this uptick in buy volume, BTC’s price has not responded proportionally, suggesting distribution or selling pressure. For the uninitiated, Binance taker buy/sell volume measures the amount of aggressive buying versus selling on the exchange using market orders. A higher taker buy volume indicates strong buyer interest, while higher taker sell volume signals stronger selling pressure. In addition, Binance open interest has surged during the recent price rally, signalling an influx of leveraged positions. While rising open interest can support further gains, the subdued price reaction raises concerns about Bitcoin’s short-term strength. Meanwhile, funding rates have stayed mostly neutral throughout the rally. However, the most recent push to a new ATH saw BTC’s funding rates turn slightly positive, hinting at increasing long exposure and renewed bullish sentiment. The breakout also triggered significant short liquidations, likely fuelling a short squeeze. Data from Coinglass shows that over the past 24 hours, $521 million in positions were liquidated – $448 million of which were shorts. Market Needs A Breather Before Climbing Higher Concluding, the CryptoQuant contributor noted that despite the emerging signs of caution, Bitcoin’s overall bullish structure remains intact. However, the market is now seeing the early signs of a potential short-term pullback, especially due to the spike-driven nature of the move.  Related Reading: Bitcoin Realized Dominance Signals Weak Hands Capitulating, Strong Hands Rising Other analysts share a similar outlook for BTC. For example, crypto analyst Christian Chifoi suggested that the current price action may be a deceptive move designed to trap bullish traders – potentially pushing BTC down to $97,000 before the final rally begins. That said, the recent weakness observed in the US Dollar Index (DXY) has fuelled hopes for a capital reallocation to alternative assets, including BTC. At press time, BTC trades at $110,885, up 1.1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

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

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

The US national debt recently hit a new all-time high (ATH), surging above $36.5 trillion and putting significant pressure on the US Dollar Index (DXY). As the DXY struggles under the weight of mounting debt, crypto analysts believe capital may soon shift to risk-on assets like Bitcoin (BTC). DXY Breakdown Suggests Bitcoin Rally According to a recent CryptoQuant Quicktake post by contributor Darkfost, the DXY has dropped to a historically weak level, currently trading 6.5 points below its 200-day moving average (MA) – the largest deviation in the past 21 years. Related Reading: Bitcoin Short-Term Holder Floor Rises Toward $100,000, Reinforcing Bullish Sentiment For the uninitiated, the DXY measures the value of the US dollar relative to a basket of six major foreign currencies, including the euro, yen, pound, Canadian dollar, Swedish krona, and Swiss franc. It is widely used as an indicator of USD strength or weakness and often influences investor sentiment across global financial markets. While a breakdown in the DXY might seem alarming at first, it historically benefits risk-on assets like BTC. A weakening dollar typically precedes capital rotation into alternative asset classes. Following that logic, the recent softness in the USD could prompt investors to reassess their portfolios – potentially increasing allocation to digital assets. Darkfost illustrated this point with the below chart. The chart highlights periods where the DXY traded below its 365-day MA. Historically, these phases have aligned with strong BTC price appreciation. The analyst added: We are currently in a phase where the weakness of the DXY could fuel a new rise in BTC but the price didn’t reacted yet. This tool serves as a valuable indicator for identifying early bull market phases and periods of euphoria, not because of pure technical triggers, but because it reflects increasing liquidity potentially flowing into crypto markets. According to data from CoingGecko, BTC is currently trading just about 2.2% below its ATH of $111,814 recorded on May 22. With BTC decisively breaking through a bullish flag, the flagship cryptocurrency looks set to hit a new ATH in the near-term. Some Warning Signs To Watch Out For Despite a favorable macro backdrop, several warning signs could dampen BTC’s bullish momentum. For instance, Bitcoin’s Apparent Demand metric has recently turned negative. Related Reading: Bitcoin Realized Dominance Signals Weak Hands Capitulating, Strong Hands Rising Similarly, some on-chain metrics suggest that the BTC rally may be running out of steam. Bitcoin’s NVT Golden Cross recently showed signs of a potential local top. That said, Bitcoin continues to show resilience, absorbing persistent selling pressure in the derivatives market and avoiding a breakdown below the $100,000 mark. At press time, BTC trades at $109,520, up 0.7% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin continues to hover just below its previous all-time high, consolidating around the $109,000 mark despite a modest 1.9% gain over the past day. The asset reached a 7-day high of $110,307 but has yet to reclaim the historic high of $111,814, a level set back in May. While short-term price action remains within a tight range, on-chain data reveals deeper structural developments that could shape Bitcoin’s trajectory in the weeks ahead. As attention focuses on Bitcoin’s potential for a breakout, some analysts are turning to supply dynamics for clues. One notable observation comes from CryptoQuant contributor Chairman Lee, who has identified a significant reduction in BTC held on centralized exchanges. This trend may serve as a key indicator of future price behavior, especially in the context of institutional demand and exchange activity. Related Reading: Last Time This Happened, Bitcoin Jumped $50,000—Is History Repeating? Bitcoin Exchange Reserves Drop to Multi-Year Lows Chairman Lee’s analysis highlights a continued decline in exchange-held Bitcoin, with reserves falling to a multi-year low of 2.4 million BTC. This figure is down from over 3.1 million BTC reported in mid-2023. The consistent drawdown in exchange balances is interpreted as a signal that selling pressure is decreasing, which historically has preceded price expansions. According to Lee, “This persistent decline in reserve levels suggests that sell-side liquidity is drying up… Historically, such conditions—where BTC held on exchanges is low—precede major bullish expansions as demand exceeds supply.” In past market cycles, including the 2020–2021 bull run, similar drops in exchange reserves were followed by sharp upward movements in Bitcoin’s price. The logic is based on basic supply-demand mechanics: when available BTC becomes scarce on exchanges, any increase in demand, particularly from ETFs or institutional buyers, can lead to accelerated price growth. Lee emphasizes that this current trend could act as a foundational tailwind, potentially supporting further gains if current demand patterns remain in place. Binance Dominates Whale Transaction Flows Another piece of the market structure puzzle comes from CryptoQuant analyst Crazzyblockk, who examined large-scale BTC transactions across major centralized exchanges. According to his report, Binance has maintained its position as the dominant venue for Bitcoin whale activity. Whale flows are defined in this context as daily inflows or outflows exceeding 1,000 BTC. Binance has recorded cumulative whale inflows of 31.36 million BTC and outflows of 30.82 million BTC, along with 53.2 million whale transactions, significantly more than any other exchange. Notably, these numbers do not reflect unique BTC, but rather total flow volumes that include repeated movements of the same coins. High transaction volumes suggest Binance is favored for its liquidity and infrastructure, allowing whales to engage in trading, custody shifts, and arbitrage with minimal friction. Related Reading: Bitcoin & Stablecoin Reserves Diverge On Binance: Liquidity Explosion Brewing? The data also places HTX Global and Kraken in the second and third positions, respectively, for whale inflows, though their volumes are substantially lower than Binance’s. Featured image created with DALL-E, Chart from TradingView

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

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

Bitcoin (BTC) has remained range-bound between $100,000 and $110,000 since May 7, aside from a few dips to as low as $98,000 in June, which were quickly followed by daily candle closes above the $100,000 level. Recent analysis reveals that BTC has withstood sustained selling pressure on Binance Derivatives throughout this period. Bitcoin Withstands Binance Derivatives Sell-Off According to a CryptoQuant Quicktake post by contributor BorisVest, taker users on Binance Derivatives have consistently engaged in sell-side activity for at least the past 45 days. Notably, the Cumulative Volume Delta (CVD) has remained negative throughout this time. For the uninitiated, the CVD measures the net difference between market buy  – aggressive buying – and market sell – aggressive selling – orders over time. It helps traders identify whether buying or selling pressure is dominating, even if price remains stable. Related Reading: Bitcoin Short-Term Holder Floor Rises Toward $100,000, Reinforcing Bullish Sentiment BorisVest noted that Binance Derivatives traders are treating each BTC bounce or rally as a selling opportunity, opening aggressive short positions via market sell orders. However, this strong sell pressure has failed to push prices lower, as BTC continues to absorb the selling activity and maintain support above $100,000. The analyst added that as long as BTC remains within its current range – between $100,000 and $110,000 – while absorbing sell pressure, the potential for upside remains intact. He explained: The CVD metric plays a crucial role here. It aggregates both taker and maker activity to provide a real-time picture of net buy/sell pressure. The fact that CVD remains in decline confirms the dominance of sell-side flow. Yet, the inability of price to drop further despite this pressure may signal that Bitcoin is being absorbed by institutional or large players in the background. That said, other analysts interpret the persistent selling pressure differently. For example, fellow CryptoQuant analyst Crazzyblockk recently observed that new buyer demand is struggling to keep pace with the combined supply pressure from newly mined BTC and selling by long-term holders. BTC Eyeing A Breakout Ahead? Bitcoin’s resilience in the face of heavy selling on Binance Derivatives has once again sparked speculation about a potential breakout. Several additional data points suggest that BTC may be poised to move into a higher price range soon. Related Reading: Bitcoin Forming Inverse Head And Shoulders Pattern – Is $150,000 The Next Target? For instance, recent on-chain data shows that “weak hands” are offloading their BTC holdings to larger, more established investors – indicating a broader shift in sentiment favoring Bitcoin. Meanwhile, institutional interest in the asset continues to grow. Additionally, the Bitcoin Yearly Percentage Trend suggests that BTC could top out around $205,000 by the end of 2025. At press time, BTC trades at $108,589, up 0.4% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin (BTC) is up 7% over the last two weeks, showing signs of strength despite expectations that the US Federal Reserve (Fed) will keep interest rates unchanged at its upcoming July 30 meeting. However, some indicators suggest that the market may be entering overheating territory. Bitcoin Market Entering Overheating Territory? According to a recent CryptoQuant Quicktake post by contributor burakkesmeci, the Bitcoin Network Value to Transaction (NVT) Golden Cross is on the rise. Importantly, this upward movement is beginning to signal signs of market overheating. Related Reading: Bitcoin Realized Dominance Signals Weak Hands Capitulating, Strong Hands Rising For the uninitiated, the Bitcoin NVT Golden Cross is a technical indicator that compares short-term and long-term moving averages of the NVT ratio to identify potential market tops or bottoms. When the short-term NVT crosses above the long-term average, it often signals that Bitcoin is becoming overvalued and may face a short-term correction. Notably, this indicator has successfully predicted three local tops so far in 2025. The first occurred on February 5, when the NVT Golden Cross hit 2.68 while BTC traded at $97,600, followed by a 23.65% correction. On March 24, the indicator peaked at 2.87 with BTC around $87,500, leading to a subsequent correction of 16.06%. Most recently – on June 16 – it rose to 2.21 with BTC trading at $106,800, which was followed by a 9.87% price dip. Currently, the NVT Golden Cross stands at 1.98. Although it hasn’t crossed the key 2.2 threshold yet, its upward trajectory suggests that market overheating could be brewing. The CryptoQuant analyst explained: Breaking its previous high is moderately bullish and shows momentum is building. If the metric crosses 2.2 again, it may hint at a local top. But don’t rush to exit – historically, the metric has stayed above 2.2 for several days. In conclusion, burakkesmeci noted that while crossing the 2.2 level might suggest Bitcoin is heating up in the short-term, it could also signal a return of bullish momentum in the medium-term. That said, the opinion on BTC’s short-term price trajectory is largely divided. Analysts Split Over BTC Price Action ​​The NVT Golden Cross suggests that BTC may still have room to rally before hitting a potential local top. However, some analysts foresee a short-term pullback before Bitcoin reaches new highs. Related Reading: Bitcoin Network Volume Echoes Mid-2021 ‘Stable Equilibrium’ – Is A Big Move Brewing? For instance, noted crypto analyst Chistian Chifoi described the current BTC price action as a “deceptive setup,” warning it may trap bulls before a possible surge toward a new all-time high (ATH) of $160,000. Meanwhile, on-chain analytics firm Glassnode forecasts BTC’s short-term peak at $117,000. At press time, BTC trades at $108,204, down 0.1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

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