Category: Cryptocurrency News

Bitcoin (BTC) continues to trade within a narrow price range, showing limited upward movement over the past week. At the time of writing, the leading cryptocurrency is priced around $117,719, representing a 1% decline in the past 24 hours and a 4.2% drop from its recent all-time high above $123,000. Amid this price performance, a recent analysis shared on CryptoQuant’s QuickTake platform by contributor BorisVest sheds light on possible underlying market dynamics influencing Bitcoin’s current state. According to the analyst, data from Binance futures suggests that despite muted volatility, certain trading patterns could be shaping BTC’s near-term direction. These observations have prompted discussions about whether market makers are deliberately maintaining a controlled range before a significant price move occurs. Related Reading: Bitcoin Demand Drops Among US Investors—Is a Price Correction Coming? Binance Data Suggests Strategic Positioning BorisVest highlighted that Open Interest on Binance has remained steady between $13 billion and $14 billion over the past 20 days. This stability indicates that while new positions are not rapidly increasing, existing trades are being actively maintained. “Such behavior in a range environment often signals silent accumulation or strategic stalling,” the analyst wrote, suggesting that larger players may be carefully managing exposure during this consolidation phase. The Taker Buy/Sell Ratio, currently at 0.9, points to increased selling pressure from market takers. However, Bitcoin’s price has not experienced a sharp decline despite this activity, indicating that passive buyers are absorbing the sell orders. BorisVest added that the Funding Rate, hovering around 0.01, reflects a lack of aggressive leverage from either long or short positions. This could mean that institutional or high-volume traders are building positions gradually, avoiding extremes that typically lead to rapid price swings. Bitcoin Possible Downside Shakeout Before a Breakout The analysis also examined Cumulative Volume Delta (CVD) data on Binance, which shows persistent selling in futures markets. Yet, despite ongoing sell-side activity, Bitcoin continues to resist significant downward movement. According to BorisVest, this could set the stage for a potential liquidity-driven shakeout. He suggested that BTC might temporarily dip toward $110,000 to clear out weak long positions and attract additional short interest. This could pave the way for a stronger, more sustainable breakout in the future. Related Reading: Bitcoin Heat Macro Phase Signals Market Sits Between Accumulation And Distribution While these metrics do not guarantee an imminent breakout or breakdown, they point to a fragile equilibrium in Bitcoin’s market structure. Historically, prolonged consolidation phases in BTC have often preceded sharp moves in either direction. Featured image created with DALL-E, Chart from TradingView

Coinbase is launching nano XRP perpetual futures, unlocking institutional-grade exposure to XRP with unmatched capital efficiency, margin trading access, and seamless alignment to spot price. New XRP Futures by Coinbase Deliver Institutional-Grade Nano Exposure With Edge Coinbase Institutional announced on social media platform X on July 29 that it will debut nano XRP U.S. Perpetual-Style […]

submitted by /u/TheGreatCryptopo [link] [comments]

On July 29, 2025, OMNI (Omni Network) stunned the crypto market with a spectacular 200% price surge, triggered by its listing on Upbit, South Korea’s largest cryptocurrency exchange. This move opened the token to a highly speculative investor base, resulting in a trading volume explosion of over $900 million in just 24 hours. Related Reading: XRP Holds The Line At $3—Wave 5 Could Unleash Run To $6+ In a recent tweet, Renowned trader Michaël van de Poppe (@CryptoMichNL) highlighted OMNI’s performance, revealing that his altcoin portfolio jumped from $35,000 to $60,000, driven by timely trades and strategic exposure to OMNI. Despite ongoing corrections in major tokens like BTC and ETH, OMNI’s rally shows how altcoins can thrive in selective pockets of market volatility. OMNI’s price trends to the upside on the daily chart following a massive spike in trading volume. Source: OMNIUSDT on Tradingview Why OMNI is Gaining Attention Beyond the Hype OMNI’s breakout is fueled by a combination of factors. The Upbit listing attracted significant retail demand, while Binance Wallet’s 11% APY staking incentive encouraged long-term holding. Fewer circulating tokens created scarcity, driving the price up rapidly. Beyond speculation, OMNI’s integration with platforms like Aarna AI and PaintSwap strengthens its real-world utility in DeFi and crypto payroll solutions. These use cases provide substance to the rally, suggesting OMNI could sustain interest if development continues. Is Another OMNI Rally in the Cards? With OMNI trading at $5.40 and showing a 234% gain in July, traders are eyeing a potential continuation. However, resistance near $7.08 could be a critical level. Analysts urge caution: speculative pumps can reverse sharply. Still, the token’s performance serves as a case study in how listings, staking, and use cases can align for explosive returns. Traders seeking similar opportunities should track volume spikes, on-chain wallet activity, and BTC dominance shifts to identify the next breakout. Related Reading: Ethereum Price Could Rise To $9,000 This Cycle, Eyes Breakout Against Bitcoin In a market full of uncertainty, this crypto’s rally offers both inspiration and a reminder of the risks that come with chasing high-flying altcoins. Cover image from Unsplash, chart from Tradingview

The White House unleashed a bold crypto strategy demanding immediate congressional action, with Ripple’s legal chief calling it a breakthrough blueprint from the “most pro-crypto Administration we’ve ever seen!” Ripple Legal Chief: Most Pro-Crypto Admin Delivers the Regulatory Signal Investors Need The White House released a 160-page report on July 30, through the President’s Working […]

As Kraken eyes a $15 billion valuation and potential IPO, its Q2 report reveals growth and a shift toward TradFi products.

An Australian digital asset investment firm, Jelly C, has joined a new “collateral mirroring” program, enabling lower-risk institutional crypto trading via the OKX exchange. This program uniquely allows Standard Chartered, a global investment bank, to handle asset custody. Jelly C will primarily use Franklin Templeton’s tokenized money market fund (TMMF) as off-exchange collateral for trading […]

A new Glassnode report has revealed that $141,000 could end up being the next major resistance for Bitcoin, should its price break convincingly higher. Bitcoin Is Currently Trading Between These Two STH Pricing Bands In its latest weekly report, the on-chain analytics firm Glassnode has discussed the Short-Term Holder (STH) Cost Basis and some pricing bands derived from it. Related Reading: Bitcoin Buying Spree Ends On Coinbase: Temporary Pause Or Trend Shift? This indicator measures, as its name suggests, the cost basis or acquisition level of the average investor part of the STH cohort. Formally, STHs are defined as investors who have been holding their coins for less than 155 days. This group is made up of the new entrants in the network and high-frequency traders. In other words, it represents the low-conviction side of the market. A cohort called the long-term holder (LTH) group (holding time greater than 155 days) corresponds to BTC’s HODLers. When the price of the cryptocurrency is trading above the STH Cost Basis, it means the STH cohort as a whole is in a state of net unrealized profit. On the other hand, the asset’s value being under the metric suggests the dominance of loss among the cohort. Historically, the STH Cost Basis has served as an important boundary between local bullish and bearish trends. Below is the chart shared by the analytics firm that shows which side of it the asset is trading right now. As displayed in the graph, the Bitcoin price broke through the STH Cost Basis earlier in the year and has since gained a notable amount of distance over it. At the current metric value of $105,400 and the latest BTC price, the STHs are sitting on a net gain of 11.5%. “To add statistical context, we can apply standard deviation bands around the STH cost basis,” explains the report. “These dynamic price zones help identify areas of trend exhaustion or breakout potential.” From the chart, it’s visible that BTC has found resistance at the +1 standard deviation (SD) band multiple times this cycle, with two rejections coming in the bullish push of the last few months alone. Related Reading: XRP Dormant Coins On The Move: Reason Behind Price Plunge? At present, this level lies at $125,100. “From a broader perspective, this suggests that Bitcoin may remain range-bound between $105K and $125K until a decisive breakout occurs,” notes Glassnode. What will happen once a breakout does occur? According to the analytics firm, the +2 SD level situated at $141,600 could become the next major area of resistance instead. At this level, STH profits would have ballooned significantly, raising the chances of mass selling occurring with the motive of profit-taking. BTC Price Bitcoin has continued to consolidate inside its range recently as its price is still trading around $117,600. Featured image from Dall-E, Glassnode.com, chart from TradingView.com