Category: Cryptocurrency News

Bitcoin (BTC) remains within a tight trading range following a recent pullback from its all-time high. At the time of writing, the world’s largest cryptocurrency is priced at $118,570, reflecting a 0.3% increase over the past 24 hours. Recent analysis shared on CryptoQuant’s QuickTake platform by market contributor ShayanMarkets highlights a noticeable change in Bitcoin’s futures market activity. According to the analyst, while previous price surges in the $70,000–$90,000 range were marked by significant speculative pressure and leverage buildup, the current trend shows signs of cooling despite elevated price levels. This shift could play a key role in determining Bitcoin’s trajectory in the coming weeks. Related Reading: Analyst Says Bitcoin’s Final Leg Is Near – Time To Be ‘Cautiously Optimistic’? Bitcoin Futures Market Shows Signs of Normalization ShayanMarkets explained that during past rallies, the futures market displayed what he called “heating and overheating phases,” often visible in red clusters on the volume bubble map. These periods typically led to corrections or temporary price consolidations as leveraged positions unwound. However, the current data reflects a different setup. Despite Bitcoin remaining near record highs, futures market activity has transitioned to neutral and cooling phases, shown by grey and green bubbles on the chart. The analyst noted that this cooling phase could be a sign of de-risking among traders, as speculative activity eases while spot demand supports the price. In a statement on QuickTake, ShayanMarkets said: This reset in leverage, despite BTC staying above $100K, signals healthier market conditions as demand shifts toward organic buying rather than high-risk speculative bets. The analyst added that if the reduced speculative pressure continues, it could provide the foundation for another significant price increase, potentially setting Bitcoin up to break past its previous all-time high above $123K. Long-Term Whales Take Profits Amid Price Stability Meanwhile, another analysis from CryptoQuant contributor CoinCare revealed selling activity from long-term Bitcoin holders, often referred to as “whales,” who have maintained their positions for over a decade. According to CoinCare, some of these holders, including those who first accumulated Bitcoin around 2013, have started to liquidate a portion of their holdings. This selling activity aligns with the historical timeline of Bitcoin’s sharp rise from under $100 to roughly $1,000 during that period, representing a potential 117,900% return for early adopters. Such profit-taking from early investors is not unusual during periods of elevated prices and does not necessarily indicate a shift in long-term market sentiment. Related Reading: Bitcoin Rejected At $120,000: Binance Whale Inflows Suggest Possible Drop To $110,000 Historically, whale activity has influenced short-term volatility but has also contributed to market redistribution, allowing newer participants to enter the market. Featured image created with DALL-E, Chart from TradingView

Bitcoin price is still above the $117,500 support zone. BTC is rising and might attempt to clear the $118,600 resistance zone to gain bullish momentum. Bitcoin started a decent upward move from the $116,000 zone. The price is trading near $118,500 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $118,620 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $118,620 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price started a downside correction from the $119,796 high. BTC declined below the $119,000 and $118,500 support levels to enter a short-term bearish zone. The bears pushed the price below the 50% Fib retracement level of the upward move from the $114,733 swing low to the $119,796 high. The decline gained pace and the price even spiked toward the $116,000 support zone where the bulls appeared. They protected the 76.4% Fib retracement level of the upward move from the $114,733 swing low to the $119,796 high. The price is again rising above $118,000. Bitcoin is now trading near $118,500 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $118,620 level. There is also a bearish trend line forming with resistance at $118,620 on the hourly chart of the BTC/USD pair. The first key resistance is near the $119,200 level. The next resistance could be $119,800. A close above the $119,800 resistance might send the price further higher. In the stated case, the price could rise and test the $120,500 resistance level. Any more gains might send the price toward the $122,500 level. The main target could be $123,200. Another Decline In BTC? If Bitcoin fails to rise above the $118,620 resistance zone, it could start another decline. Immediate support is near the $117,500 level. The first major support is near the $116,250 level. The next support is now near the $116,000 zone. Any more losses might send the price toward the $114,500 support in the near term. The main support sits at $113,500, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $117,500, followed by $116,250. Major Resistance Levels – $118,620 and $119,800.

A new Ripple report reveals global banks are rapidly shifting to blockchain, forecasting a $19 trillion tokenized asset explosion as finance braces for its digital future. $19T in Tokenized Assets Coming? Ripple Says Financial Rails Are Already Shifting Ripple, CB Insights, and the UK Centre for Blockchain Technologies released a report on July 30 examining […]

Following another rejection at the $120,000 level, Bitcoin (BTC) is beginning to show signs of cooling off – potentially setting the stage for another rally in the second half of the year. Some analysts now predict that BTC’s next top could approach $150,000. Bitcoin’s Current Overheating Phase Short-Lived According to a CryptoQuant Quicktake post by contributor Crypto Dan, Bitcoin is currently entering a cooling-off period after a short-term overheating phase. The warning signs are most evident in the cohort of BTC held for one day to one week. Related Reading: Bitcoin Flow Pulse Breaks From 2017, 2021 Patterns – What It Means For The Rally Crypto Dan shared the following chart showing that this short-term holding cohort is now recording successively lower spikes, suggesting that overheated market conditions are easing. The analyst compared the current environment to previous overheating phases seen between March-October 2024 and January-April 2025. In both instances, the overheating lasted longer and was more intense (shown in red boxes). In contrast, the current overheating conditions (shown in yellow box) show shorter extent and duration compared to the aforementioned two instances. The analyst added: Also, since the recent price increase was relatively modest, we may see a milder and shorter correction in the short term. However, it’s important to remain patient and look forward to a potential uptrend in the second half of 2025. The increase in BTC’s price during the latest rally saw the digital asset surge from around $108,000 on July 1 to a new all-time high (ATH) of $123,128 on July 13, before stabilizing around the $117,500 mark at the time of writing. Is BTC Preparing For Its Next Big Move? As Bitcoin consolidates, several analysts suggest the top cryptocurrency may be gearing up for a major move – likely to the upside. Veteran crypto analyst Titan of Crypto noted that Bitcoin is currently “in a pressure cooker.” Related Reading: Bitcoin Must Defend This Key Support For $180,000 Year-End Target, Analyst Says Titan of Crypto shared the following chart, highlighting that Bollinger Bands are tightening while volatility is shrinking. At the same time, the Relative Strength Index (RSI) is compressing – often a precursor to a breakout. Fellow analyst Ali Martinez added that BTC’s next top could reach $149,679, based on the Cumulative Value Days Destroyed (CVD) metric. For context, the CVD metric measures whether buyers or sellers are dominating trading volume over time. That said, some warning signs linger. Recently, Bitcoin exchange reserves reached a one-month high, suggesting that some holders may be preparing to sell – potentially putting pressure on the current bullish trend. At press time, BTC trades at $117,546, down 0.4% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com

A U.S. senator has declared “this is the year for digital assets,” endorsing landmark federal efforts poised to transform crypto regulation, boost innovation and reshape financial markets. Senate Leadership Aligns With White House to Champion Crypto Revolution U.S. Senator Cynthia Lummis (R-WY) praised the President’s Working Group on Digital Asset Markets on July 30, describing […]

Robinhood saw its crypto revenue almost double to $160 million as CEO Vladimir Tenev confirmed plans to keep pushing its tokenization strategy in the US and abroad.

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 […]

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