A total of $1.45 billion in Bitcoin and Ethereum options are set to expire this week on Deribit, the world’s largest cryptocurrency options exchange by volume and open interest. Market participants are closely monitoring this event, as large-scale options expiries often lead to spikes in volatility across digital asset markets.
Key expiry numbers and market impactDeribit reported that $1.23 billion in Bitcoin options contracts and $218 million in Ethereum options will expire at 08:00 UTC on Friday. Historically, the expiration of such significant volumes can cause traders to adjust, roll over, or close their positions, resulting in increased market activity and price swings.
Options are financial derivatives providing traders the right, but not the obligation, to buy or sell an asset at a predetermined price by a certain date. The expiry process often triggers strategic moves such as hedging or repositioning, which can amplify spot price movements in both directions.
Deribit stated that these expiries can “flood the market with liquidity and volatility, creating prime conditions for trading short-dated options.”
In the lead-up to expiry, traders are focusing on the put-to-call ratio to gauge market sentiment. Data shows Bitcoin’s put-to-call ratio is currently 0.86, indicating more outstanding call options than puts. This points to a generally bullish outlook among traders holding BTC positions into the expiry date.
Meanwhile, Ethereum’s put-to-call ratio stands at 1.54, suggesting a higher demand for protective puts and, therefore, a more cautious or bearish stance from market participants.
AssetOptions ExpiringPut/Call RatioMax Pain LevelBitcoin$1.23 billion0.86$62,500Ethereum$218 million1.54$1,750The ‘max pain’ level for Bitcoin options is $62,500, while for Ethereum options it is $1,750. Max pain refers to the strike price at which the largest number of options contracts expire worthless, often seen as a gravitational point for prices as expiry approaches, though markets do not always move in this direction.
Rising demand for short-dated strategiesDeribit highlighted increased activity and open interest in short-dated, or weekly, options. The exchange reported that substantial interest is building into this week’s expiring contracts, particularly among traders who use short-term strategies to benefit from heightened volatility.
Short-dated options have gained popularity through strategies such as gamma scalping, which involves rapidly buying and selling the underlying asset to hedge options exposures and capitalize on sharp price swings.
Mini dictionary: Deribit – A leading cryptocurrency derivatives exchange specializing in options and futures products, widely used by institutional and professional traders for its deep liquidity and advanced features.
Activity in these shorter-term contracts is expected to further contribute to market volatility as the expiry event unfolds.
Deribit observed, “Big open interest is building into tomorrow’s weekly expiry,” emphasizing the swelling participation in weekly options contracts.
With both large expiring volumes and a surge in short-dated options activity, traders are preparing for potential sharp moves in $BTC and $ETH prices as expiry nears.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
English日本語한국어繁體中文ไทยPortuguêsItalianoDeutschFrançaisEspañol Un monedero de Bitcoin inactivo desde diciembre de 2017 transfirió 5.908 BTC, valorados en unos $383 millones, a una nueva dirección a las 7:15 p.m. ET del 15 de julio, según la plataforma de inteligencia blockchain Lookonchain. Las monedas se movieron desde la dirección heredada «138EM…ReyiT» hacia un monedero SegWit más reciente, sumándose a una serie de reservas largamente inactivas que han vuelto a activarse esta semana.
El monedero de la era 2017 acumula una ganancia latente del 284% Datos de Arkham mostraron que el monedero adquirió las monedas cuando Bitcoin cotizaba cerca de $16.800, lo que otorga a la posición un costo base cercano a los $99,6 millones. A los precios actuales, el saldo vale unos $383 millones, una ganancia latente de $283 millones a lo largo de aproximadamente ocho años. 7=
La posición alcanzó un máximo cercano a los $726 millones durante el récord de Bitcoin de octubre de 2025 por encima de los $122.000, según información de crypto.news sobre datos de precios del ciclo. El titular atravesó la caída de casi el 80% en 2018, el rally de 2021 hasta los $69.000 y el desplome de finales de 2022 hasta cerca de los $15.500.
El monedero receptor no ha enviado fondos posteriormente, y ningún depósito de exchange conocido recibió la transferencia, según confirmaron los registros on-chain.
Los analistas señalan un ratio de ballenas cercano a máximos históricos Lookonchain escribió en su publicación del 16 de julio que «el OG recibió 5.908 $BTC hace 8 años, cuando $BTC cotizaba a $16.865, y los ha mantenido desde entonces», señalando que la posición acumulaba una ganancia del 284%. CryptoQuant informó por separado que su ratio de ballenas en exchanges se ubicó recientemente en 0,99, lo que significa que las diez mayores transferencias representaron casi la totalidad del Bitcoin depositado en exchanges.
La firma señaló que las lecturas elevadas históricamente han precedido a una mayor presión vendedora, ya que los depósitos de gran tamaño suelen anticipar ventas de gran magnitud. Ni el movimiento del 15 de julio ni la anterior transferencia de 2.931 BTC señalada por Arkham han mostrado evidencia on-chain de ventas, según indicaron investigadores de blockchain a crypto.news.
Por qué importa la rotación del monedero La transferencia no se interpreta como una salida directa, y CoinDesk señaló que los grandes tenedores suelen reorganizar sus activos para actualizar formatos de monedero, rotar claves privadas, preparar transferencias patrimoniales o coordinar operaciones extrabursátiles (OTC) que nunca tocan los exchanges públicos.
El cambio de una dirección heredada «1» a un formato SegWit «bc1q» más reciente coincide estrechamente con ese patrón. Esa distinción importa para el impacto en el mercado, porque la liquidación OTC absorbe la oferta de forma privada, mientras que los depósitos en exchanges anticipan una posible presión vendedora.
Los traders que observan el ratio de ballenas en 0,99 tienen una lectura más clara del mercado cuando las monedas inactivas se desplazan lateralmente en lugar de dirigirse a libros de órdenes centralizados.
La actividad relacionada de ballenas inactivas sigue acumulándose Esta es la segunda transferencia inactiva de siete cifras señalada esta semana. Un monedero distinto movió 2.931 BTC, valorados en unos $188 millones, tras siete años de silencio, cuando Bitcoin cotizaba cerca de los $6.500. Arkham confirmó que la transferencia se dirigió a una dirección nueva y sin etiquetar, coincidiendo con el patrón observado esta semana.
Ninguno de los dos grupos ha aparecido en clústeres de depósitos de exchanges conocidos, por lo que las suposiciones de venta siguen sin ser concluyentes por ahora. La dirección receptora permanece pasiva a fecha del 16 de julio, y los fondos no han tocado ninguna plataforma identificada.
Bitcoin cotizaba cerca de los $64.000 al momento de la publicación, un 47% por debajo de los máximos de octubre de 2025. Los traders vigilarán si el ratio de ballenas se mantiene por encima de 0,9 y si el monedero receptor traslada las monedas hacia exchanges centralizados en las próximas sesiones.
English日本語한국어繁體中文ไทยPortuguêsItalianoDeutschFrançaisEspañol Uma carteira de Bitcoin inativa desde dezembro de 2017 transferiu 5.908 BTC, avaliados em cerca de $383 milhões, para um novo endereço às 19h15 (horário do leste dos EUA) de 15 de julho, segundo a plataforma de inteligência blockchain Lookonchain. As moedas foram movidas do endereço legado “138EM…ReyiT” para uma carteira SegWit mais recente, estendendo uma sequência de posições antigas que voltaram a se movimentar esta semana.
A Carteira da Era 2017 Registra Ganho de 284% no Papel Dados da Arkham mostraram que a carteira adquiriu as moedas quando o Bitcoin era negociado perto de $16.800, dando à posição um custo médio de aquisição próximo de $99,6 milhões. Aos preços atuais, o saldo vale cerca de $383 milhões, um ganho no papel de $283 milhões ao longo de aproximadamente oito anos. 7=
A posição atingiu um pico de cerca de $726 milhões durante o recorde do Bitcoin em outubro de 2025, acima de $122.000, segundo reportagem do crypto.news baseada em dados de preço do ciclo. O detentor atravessou a queda de quase 80% em 2018, a alta de 2021 até $69.000 e a retração do final de 2022 para cerca de $15.500.
A carteira destinatária não enviou fundos adiante, e nenhum endereço de depósito de exchange conhecido recebeu a transferência, confirmam registros on-chain.
Analistas Apontam Whale Ratio Próximo de Máximas Históricas A Lookonchain escreveu na publicação de 16 de julho que “o OG recebeu 5.908 $BTC há 8 anos, quando o $BTC era negociado a $16.865, e o manteve desde então”, observando que a posição estava com ganho de 284%. A CryptoQuant relatou separadamente que seu whale ratio de exchanges estava recentemente em 0,99, o que significa que as dez maiores transferências representaram quase todo o Bitcoin depositado em exchanges.
A empresa afirmou que leituras elevadas historicamente antecederam pressão vendedora mais forte, já que depósitos volumosos tendem a preceder alienações volumosas. Nem a movimentação de 15 de julho nem a transferência anterior de 2.931 BTC identificada pela Arkham apresentaram, até agora, evidências on-chain de vendas, segundo pesquisadores de blockchain ouvidos pelo crypto.news.
Por Que a Rotação de Carteira Importa A transferência não parece uma saída direta, e a CoinDesk observou que grandes detentores costumam reorganizar ativos para atualizar formatos de carteira, rotacionar chaves privadas, preparar transferências patrimoniais ou organizar negociações over-the-counter que nunca chegam a tocar exchanges públicas.
A mudança de um endereço legado “1” para um formato SegWit “bc1q” mais recente se encaixa perfeitamente nesse padrão. Essa distinção importa para o impacto no mercado, porque a liquidação OTC absorve a oferta de forma privada, enquanto depósitos em exchanges sinalizam potencial pressão vendedora.
Traders que acompanham o whale ratio em 0,99 têm um cenário mais limpo quando moedas antigas se movem lateralmente, em vez de irem para livros de ordens centralizados.
Atividade Relacionada de Whales Adormecidas Continua a se Acumular Esta é a segunda transferência de sete dígitos de uma carteira adormecida identificada esta semana. Uma carteira separada movimentou 2.931 BTC, avaliados em cerca de $188 milhões, após sete anos de silêncio, quando o Bitcoin era negociado perto de $6.500. A Arkham confirmou que a transferência foi direcionada a um endereço novo e sem rótulo, seguindo o padrão observado esta semana.
Nenhum dos dois grupos apareceu em clusters conhecidos de depósito em exchanges, o que mantém inconclusivas, por ora, as hipóteses de venda. O endereço destinatário permanece passivo até 16 de julho, e os fundos ainda não tocaram em nenhuma plataforma identificada.
O Bitcoin era negociado perto de $64.000 no momento da publicação, uma queda de cerca de 47% em relação às máximas de outubro de 2025. Traders vão observar se o whale ratio se mantém acima de 0,9 e se a carteira destinatária direciona as moedas para exchanges centralizadas nas próximas sessões.
X updates its creator revenue sharing program; inducement of interactive behaviors such as "replying to follow each other" may result in account suspension.
X Product Lead Nikita Bier announced that the platform has updated its creator revenue sharing program. Accounts that induce engagement three or more times via tactics such as "reply to follow back" will be removed from the program and referred to the policy team for evaluation on whether to suspend the account. Grok is now capable of identifying such behavior; nearly 4,000 accounts were removed from the program on the same day. The new model launched by X detects duplicate content three times more efficiently than its predecessor. Even if reposters add watermarks, intros, or other modifications, monetization exposure for such content will belong to the original uploader—a rule that also applies to copied popular text posts. Bier added that the platform detected 1.5 million stolen posts during this cycle. Accounts engaging in repeated infringement or intentionally evading detection will be removed from the creator revenue sharing program. These adjustments will result in over $1 million in revenue being redistributed to original content creators.
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SpaceX’s short interest ratio rose to 29% of its outstanding shares, with short positions totaling $25 billion.
As SpaceX’s share price has fallen back to near its IPO price, short sellers are rapidly increasing their bearish positions on the company. Data from S3 Partners shows that roughly 185 million SpaceX shares are currently sold short, accounting for about 29% of its publicly traded float, equivalent to around $25 billion in short positions. Three weeks ago, the estimated number of SpaceX shares sold short was just 40 million, making up 5% to 7% of its float. The stock has dropped roughly 20% cumulatively since July, and on Wednesday it briefly fell below its $135 IPO price for the first time. KeyBanc Capital Markets noted that when SpaceX went public, its publicly traded shares made up only 5% of its total share count of around 13 billion. The first batch of large-scale restricted shares is expected to unlock around the release of its second-quarter financial results, at which point roughly 11% of the total share base will become eligible for sale; multiple subsequent batches of restricted shares, each accounting for about 4% of total shares, will also be unlocked starting about 70 days after the IPO. Elon Musk’s roughly 42% stake in SpaceX remains locked until June 2027. The company’s 13th Starship test flight is scheduled for Thursday, which could impact market sentiment toward the stock.
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Ansem: If PUMP delivers on its airdrop promises and improves community relations, the token could surge 10 to 15 times.
Renowned crypto KOL Ansem has published an article arguing that token buybacks alone do not effectively support valuation. Hyperliquid generates ~$800 million in annualized revenue, while Pump.fun brings in around $440 million annually. Both platforms regularly use a portion of profits to repurchase tokens, yet Hyperliquid’s fully diluted valuation (FDV) stands at roughly $65 billion, compared to Pump.fun’s mere $1.4 billion. He notes that the valuation gap between the two is not primarily driven by revenue, but by the "trust premium" shaped by team conduct and market decisions. Hyperliquid rarely overpromises, consistently rolls out products, and rewards core users per preset metrics, fostering strong trust between its team and community. By contrast, Pump.fun has generated $1 billion in cumulative revenue and raised $1 billion via ICO, but has yet to deliver on its previously promised user airdrop. Ansem believes that if Pump.fun fulfills the airdrop and addresses core users’ concerns, PUMP’s price could surge 10 to 15 times, while boosting the platform’s trading volume, visibility, and revenue growth. He also cited Bitcoin as an example: the cryptocurrency has no revenue, yet boasts a $1.3 trillion market cap, with its value rooted in its fixed 21 million coin supply and the trust built from the network’s ongoing operation. Beyond tangible metrics like revenue, trust, meme effects, and attention are also key factors influencing asset valuation.
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Keyrock acquires BlockFills' institutional trading and brokerage business for $3.25 million
Keyrock has completed the acquisition of BlockFills' institutional trading and brokerage business, with the deal covering its trading technology, institutional client relationships, and derivatives trading team. The acquisition will also expand Keyrock's regulatory scope, including an entity registered with the Cayman Islands Monetary Authority and another UK entity seeking authorization from the Financial Conduct Authority (FCA). Keyrock did not disclose the transaction price in its announcement. Per prior court documents and disclosures from company representatives, the total acquisition value is $3.25 million, payable in two installments, with certain arrangements subject to regulatory approval. BlockFills suffered major losses during the February 2026 crypto market crash, after which it filed for Chapter 11 bankruptcy protection in the U.S. Keyrock was ultimately selected as the buyer in the firm's bankruptcy proceedings.
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Serenity: Declines in storage and AI-related crypto assets likely stem from deleveraging and cascading margin liquidations.
Serenity noted that Micron Technology announced today it has signed a long-term memory agreement with Qualcomm, but Micron’s stock price still fell by 5.37% following the announcement. He believes that, with multiple structural agreements continuing to take effect, the current decline does not appear to stem from issues with storage or AI stocks themselves. The related drop is more likely due to the winding down of deleveraging and margin call liquidation chains.
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1inch co-founder Anton Bukov stated he was fired at the end of November 2025 and announced the launch of a new project, Second Tier.
1inch co-founder Anton Bukov published a statement saying he was fired at the end of November 2025. While he remains a co-founder of the decentralized exchange aggregator and holds a 50% stake, he is no longer involved in the company’s operations, product architecture, security design, or related oversight duties. Since co-founding 1inch in May 2019, Bukov led work on protocol architecture, security, and economic model design, and contributed to launching key products including the 1inch Router, 1inch Fusion, cross-chain atomic swaps, and shared liquidity automated market makers (AMMs). Bukov noted that feedback from users and team members over the past year led him to realize he could not stay on the sidelines of the company’s management and operations. He subsequently spent months learning leadership and communication skills and driving internal changes, before being dismissed in late November 2025. He also announced the launch of a new project called Second Tier, with plans to collaborate with like-minded teams to build secure, efficient systems that bridge the gap between economic intent and real-world execution.
Vincent Van Code, a software engineer and well-known member of the XRP community, has addressed longstanding skepticism regarding the asset’s potential for significant future growth. He directly responded to arguments questioning why major investors are not visibly accumulating XRP if a tenfold or hundredfold price increase is possible.
Institutional accumulation off exchangesVan Code explained that institutional investors have the ability to acquire large amounts of XRP through private transactions, bypassing public cryptocurrency exchanges. These off-market deals, he said, are often invisible to retail participants and do not directly impact exchange trading volumes.
He further suggested that institutional buyers frequently obtain XRP from early holders, some of whom purchased the asset for as little as $0.017. According to Van Code, these long-term investors may be selling significant quantities to institutions seeking a larger allocation without moving the public price.
Addressing the reluctance of prominent investment firms to openly invest in XRP and other digital assets, Van Code noted that internal risk policies remain a significant barrier. Many traditional investment houses still classify cryptocurrencies as speculative and highly volatile, which restricts their involvement regardless of optimistic future outlooks.
Nevertheless, Van Code views the current market environment as a rare window for early adopters. He believes that accumulating XRP for approximately one dollar represents an opportunity to secure exposure at what he considers discounted levels prior to broader institutional adoption.
Van Code emphasized that large investors often use non-public channels to buy XRP, making it difficult for retail traders to detect these moves. He argued that early investors can access opportunities that may not yet be available to mainstream participants.
Mini dictionary: Over-the-counter (OTC) transactions allow investors to trade cryptocurrencies directly with one another, outside of regular exchanges. These deals generally offer higher privacy and can involve much larger volumes compared to traditional exchange trades.
Community comparisons and viewpointsSupporters within the XRP community have echoed Van Code’s perspective. One user, Parker, drew parallels with Bitcoin’s earlier years, pointing out that very few investors accumulated Bitcoin at the $1 level before its price surged.
Parker rejected the notion that the presence of wealthy or institutional buyers automatically precedes large gains, instead attributing breakthrough investment decisions to personal vision and risk tolerance.
Another member, Motorhead, underscored that large investors typically prefer over-the-counter platforms or private pools to conduct high-volume trades rather than utilizing standard retail exchanges. He stressed that such transactions seldom appear in publicly visible order books, keeping much institutional activity out of the spotlight.
Motorhead highlighted that institutional investors tend to use dark pools and OTC markets for their acquisitions, making it unlikely for their purchasing patterns to be obvious to average traders.
Wee Willy, another participant in the discussion, stated that he intends to continue accumulating XRP even if the asset’s price increases to five dollars. He expressed regret about not being able to invest more and shared a similar optimism toward other cryptocurrencies considered compliant with ISO standards. He argued that today’s retail investors have unprecedented access to opportunities that were once limited to high-net-worth individuals or institutions.
The debate over institutional involvement in XRP exposes the varied strategies and considerations shaping today’s digital asset markets. While some view the current environment as a unique entry point, others point to persisting barriers that keep most major firms on the sidelines.
Type of AccumulationVisibility to PublicBuyer ProfilePublic Exchange PurchaseHighRetail, small institutionsOTC/Private TransactionsLowLarge investors, institutionsDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cryptocurrencies are broadly consolidating on Thursday, while Bitcoin (BTC) retreats toward support at $64,000. Ethereum (ETH) hovers below $1,800, with its upside seemingly limited, following a macro-driven rally. Meanwhile, Ripple (XRP) sits on top of the reclaimed $1.10 support, reflecting the broader cool-down in the market.
Retail interest softens, weighing on broader market sentimentRetail interest in Bitcoin is losing momentum, as the perpetual futures Open Interest (OI) has shrunk to 747,000 BTC on Thursday, down from 755,000 BTC the previous day. If the current correction persists, overhead pressure could limit BTC’s recovery and deepen the pullback below $64,000.
Bitcoin Futures OI | Source: CoinGlassEthereum derivatives paint a picture similar to Bitcoin's, with perpetual futures OI rising marginally to 14.36 million ETH on Thursday from 14.3 million ETH the day before. However, a broader scope shows a persistent decline from nearly 16 million ETH on May 28.
Ethereum Futures OI | Source: CoinGlassRetail demand also shows marginal improvement, as perpetual futures OI expands to 2.21 billion XRP on Thursday, up from 2.2 billion XRP the previous day.
Despite the mild increase, CoinGlass data shows that the OI holds below the June peak of 2.28 billion XRP. This implies that steady retail demand is critical to stabilizing XRP’s short- to medium-term outlook.
XRP Futures OI | Source: CoinGlassBitcoin analysis: Bitcoin rallies remain vulnerable Bitcoin trades above $64,000 following a correction from its weekly high of $65,600. The price holds below the 50-day, 100-day and 200-day Moving Average Exponential (EMA) at $65,119, $68,446 and $74,480 respectively. This alignment of key EMAs overhead suggests rallies remain vulnerable, even as the Relative Strength Index (RSI) indicator at 53 and the Moving Average Convergence Divergence (MACD) above zero with a positive line reading around 431 hint at mildly improving momentum rather than a decisive bullish shift.
BTC/USDT daily chartInitial resistance lies at the 50-day EMA near $65,119, followed by the 100-day EMA at $68,446 and then the 200-day EMA at $74,480 as a broader trend cap. On the downside, the Parabolic SAR at $62,272 offers the first notable support, and a daily close below this level would likely expose deeper retracement as buyers lose their most immediate technical floor.
Altcoins outlook: XRP struggle to build momentumEthereum hovers near $1,900, retaining a bullish near-term bias as price holds above the 50-day Exponential Moving Average (EMA) at $1,811 and the Parabolic SAR at $1,773. The pair is still capped by the 100-day EMA at $1,944., while the longer-term 200-day EMA at $2,190 looms as a broader structural barrier.
Momentum remains constructive, with the RSI at 63 leaning toward overbought territory and the MACD above zero with a positive reading around 24, which together suggest persistent buying interest but also raise the risk of a pause or shallow correction.
ETH/USDT daily chartImmediate support is lies at the 50-day EMA near $1,811, followed by the latest Parabolic SAR signal at about $1,773, where dip-buying could re-emerge if volatility picks up. On the topside, initial resistance aligns at the 100-day EMA around $1,944. A sustained break above this level would open the door for a push toward the 200-day EMA near $2,190, a zone that would likely attract profit-taking and test the strength of the current recovery phase.
XRP, on the other hand, trades above $1.10, retaining a bearish near-term bias as price sits beneath the key moving averages. The 50-day EMA at $1.16 is the first overhead cap, followed by the Bollinger Bands upper band near $1.17, while the 100-EMA at $1.25 and 200-EMA at $1.46 reinforce a broader downtrend structure.
The RSI at 48 is neutral, and the MACD holds slightly positive territory with a modestly bullish reading, hinting that downside pressure is moderating rather than reversing.
ETH/USDT daily chartOn the downside, immediate support aligns with the Bollinger Bands middle band at $1.10, just below spot, with the lower band near $1.03 acting as a deeper cushion if selling resumes. On the topside, a sustained break above the 50-EMA at $1.16 would be the first signal that bears are losing control, opening the way toward the $1.17 Bollinger upper band. A recovery above the 100-EMA at $1.25 would start to challenge the prevailing bearish framework defined by the distant 200-EMA at $1.46.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Open Interest, funding rate FAQs Higher Open Interest is associated with higher liquidity and new capital inflow to the market. This is considered the equivalent of increase in efficiency and the ongoing trend continues. When Open Interest decreases, it is considered a sign of liquidation in the market, investors are leaving and the overall demand for an asset is on a decline, fueling a bearish sentiment among investors.
Funding fees bridge the difference between spot prices and prices of futures contracts of an asset by increasing liquidation risks faced by traders. A consistently high and positive funding rate implies there is a bullish sentiment among market participants and there is an expectation of a price hike. A consistently negative funding rate for an asset implies a bearish sentiment, indicating that traders expect the cryptocurrency’s price to fall and a bearish trend reversal is likely to occur.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Roughly $1.45 billion worth of Bitcoin and Ethereum options are set to expire on Deribit.
Traders will be closely watching this event since it could trigger more volatility.
According to Deribit, approximately $1.23 billion in Bitcoin options and $218 million in Ethereum options will expire at 08:00 UTC on Friday.
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What an options expiry meansOptions are derivative contracts that make it possible for traders the right to buy or sell an asset at a predetermined price before a specified expiration date.
Traders often close, roll over, or hedge their positions when options contracts expire. Hence, this repositioning can potentially increase volatility.
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Deribit noted that the event could create favorable conditions for traders using short-dated options. "This floods the market with liquidity and volatility, creating prime conditions for trading short-dated options on Deribit."
What the metrics showTraders typically pay close attention to the put-to-call ratio, which compares bearish put options with bullish call options.
Bitcoin's ratio of 0.86 indicates there are more call options than puts outstanding. Market players remain relatively bullish on BTC heading into expiry.
Ethereum, by contrast, has a 1.54 put-to-call ratio. This shows greater demand for downside protection or bearish positioning.
For this expiry, Bitcoin's max pain level stands at $62,500 (Ethereum's is $1,750). Markets do not necessarily gravitate toward these levels, but traders often monitor them due to the fact that prices can sometimes drift toward max pain.
Short-dated options gain popularityDeribit has also noted that there is growing activity in weekly contracts. "Big open interest is building into tomorrow's weekly expiry on Deribit."
The exchange added that short-dated options have become increasingly popular among traders employing gamma scalping. This is a strategy involving buying and selling the underlying asset to hedge options exposure and profit from sharp price movements.
Pi Network price held above $0.075 on Thursday as buyers defended the lower boundary of a falling channel. Selling pressure eased near $0.073, while broader market weakness limited recovery momentum.
Bitcoin price traded near $64,000, Ethereum stayed above $1,870, and XRP held $1.10. Meanwhile, traders focused on the Protocol v25 upgrade scheduled for July 22 across the expanding ecosystem.
Upcoming Protocol v25 Upgrade Brings New Features Pi Coin price confirmed Protocol v25 will launch on July 22 after several weeks without a major development update. The launch focuses on enhanced network stability, reliability, and smart contract performance throughout its mobile-first blockchain ecosystem.
On July 22, Pi is scheduled to upgrade to Protocol v25, which primarily focuses on improving network stability and reliability, and supports new capabilities for more efficient, privacy-preserving smart contracts.
Go to the Pi mining app to learn more! pic.twitter.com/Btg8aEFAFh
— Pi Network (@PiCoreTeam) July 15, 2026
The protocol release will provide developers with BN254 cryptography and Poseidon hashing. The tools facilitate zero-knowledge applications and secure user information throughout the execution of the contract and blockchain interactions.
Smart contracts that are privacy-preserving may assist applications to handle sensitive data without revealing personal information on public records. The protocol v25 can also be used to facilitate faster transactions as Pi Network targets wider ecosystem milestones.
Adoption will however, be pegged on the activity of the developers, the growth of the applications, and also the stable performance once it is fully activated.
Pi Network Price Outlook Shows Rebound Potential Pi Network price is within a falling channel, but the recent stagnation indicates bearish consolidation is weakening. The support is being defended by buyers at around $0.073 and may give support to a short term recovery.
A long-term push beyond $0.075 can lead to the buyers attacking the middle level of the channel.
However, the crypto market remains pressured after losing 1.67% and falling toward a $2.21 trillion valuation. Bitcoin price consolidation near $64,000 has also reduced risk appetite across smaller digital assets.
Pi Network has a chance to recover in case Protocol v25 becomes more confidence-enhancing and the situation with the wider market stabilizes. The inability to hold $0.073 could put the token at risk of renewed selling and further downside force.
PI Coin Price Consolidates at $0.077: Is a Major Recovery Ahead? PI coin price stood at 0.077 on Thursday and was near a major four-hour support zone. The MACD line has crossed above the signal line, creating a small positive histogram reading.
This crossover indicates that selling pressure is weakening, but both lines are below the level of the neutral. The Chaikin Money Flow is close to less than 0.01, indicating that the selling and buying flows are almost equal.
PI needs to regain the $0.080 level to solidify its emerging recovery and draw new purchasing attention. A prolonged rally beyond the $0.080 level would reveal the recent swing zone between the $0.083 to $0.085. Additional gains can be then aimed at $0.090 that once served as a significant support level.
Source: Tradingview Breaking $0.090 could open the path toward the major psychological resistance at $0.10 as per the future Pi coin outlook. But any failure to hold $0.074 may undermine the recovery and pressure it more towards $0.070. Further depreciation can bring the recent market minimum of around $0.066 back into the focus of traders.
T. Rowe Price, which manages nearly $2 trillion in assets, has launched the first active crypto ETF, which provides exposure to crypto assets such as Bitcoin, Ethereum, XRP, and Hyperliquid. Bloomberg analyst Eric Balchunas had previously said that this launch was notable because the asset manager was the largest active manager to enter the crypto space.
T. Rowe Price Unveils First Active Crypto ETF In a press release, the asset manager announced the launch of the first active crypto ETF, which began trading on the NYSE Arca today under the ticker TKNZ. “The fund is the first actively managed multi-token spot exchange-traded product* offered in the marketplace,” the firm noted.
The T. Rowe Price Active Crypto ETF notably offers exposure to Bitcoin, Ethereum, BNB, XRP, Solana, and Hyperliquid. The Fund will also hold top meme coins Dogecoin and Shiba Inu, making it the first U.S. Fund to offer spot exposure to SHIB.
The asset manager also noted that the crypto ETF is designed to capitalize on emerging trends, momentum-driven rallies, and market rotations among crypto assets. Meanwhile, the Fund will offer a net fee waiver, which will be effective until May 31, 2027. The management fee during this period will be 0.75%.
The T. Rowe Price Active Crypto ETF joins a host of other crypto ETFs that have launched this year, including the Hyperliquid ETFs. As CoinGape reported, Morgan Stanley’s Ethereum and Solana ETFs are about to launch, with the Wall Street giant filing amendments to its S-1.
‘Smart Timing’ For The ETF Launch Bloomberg analyst Eric Balchunas commended T. Rowe Price for the timing of the launch of its active crypto ETF. “I think they were smart with the timing- waiting till the Oct selloff dust settled a bit,” he said in an X post.
T Rowe Price’s Active Crypto ETF $TKNZ is ready for launch. Any day now, I’d guess Thursday. I think they were smart with the timing- waiting till the Oct selloff dust settled a bit. pic.twitter.com/5LZO5WHrqn
— Eric Balchunas (@EricBalchunas) July 14, 2026
It is worth noting that the SEC had approved the crypto ETF last month but waited until now to launch the Fund. The asset manager had first filed for the month in October last year, around the time of the infamous crypto crash.
Meanwhile, Balchunas had previously said that the T. Rowe Price Active Crypto ETF was notable because the asset manager was “by far the biggest active manager to apply their active prowess to this space.”
Tether has invested $20 million in Ualá, a leading Argentine neobank, marking a significant move in the company’s strategy to expand its reach in Latin America.
Investment detailsUalá included Tether’s participation in a $197 million equity funding round that closed in March, with Allianz X as the lead investor. Although Ualá publicly named Tether as an investor at the time, the exact sum was not disclosed. Bloomberg has now reported that Tether contributed $20 million to the round.
Tether is known for issuing USDt (USDT), the world’s largest stablecoin with a market capitalization of $184.4 billion, as reported by CoinMarketCap.
Ualá, established in 2017, offers digital banking services to millions of users in Argentina and has expanded its product line to include savings accounts, investments, and cryptocurrency trading.
Mini dictionary: Ualá is a prominent Argentine neobank that provides mobile banking services, facilitating payments, savings, and currency exchange for millions of users in Latin America.
Tether’s $20 million investment in Ualá highlights the growing focus on digital financial infrastructure in Latin America, with neobanks and stablecoin issuers seeking to strengthen regional operations through strategic funding.
Tether’s regional strategyThe $20 million investment in Ualá comes just weeks after Tether announced a similar-sized commitment to Mercado Bitcoin, a major Brazilian crypto exchange. That investment aims to support the expansion of onchain technological infrastructure across the region.
In addition, Tether led a $14 million Series A funding round in April for Belo, another Argentine crypto platform. Other participants in that round included Titan Fund, The Venture City, Mindset Ventures, and G2, as well as existing investors.
These moves are part of Tether’s broader plan to strengthen its footprint in burgeoning Latin American economies by investing directly in financial technology firms and cryptocurrency platforms.
Company/PlatformCountryInvestment DateInvestment AmountUaláArgentinaMarch 2024$20 millionMercado BitcoinBrazilJuly 2024$20 millionBeloArgentinaApril 2024$14 millionTether overviewTether serves as a key issuer of USDT, currently the largest stablecoin in circulation. The company’s stablecoin facilitates USD-pegged transactions and is widely adopted across crypto exchanges worldwide.
With these new investments, Tether is focused on reinforcing the adoption of stablecoins and digital banking within Latin America, a region where regulatory developments and economic instability have spurred demand for alternative financial services.
Ualá’s latest funding round, which raised a total of $197 million, demonstrates continued investor interest in fintech and digital finance across Argentina and the broader region.
Tether has not yet publicly commented on the reported $20 million investment in Ualá.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bankless Co-founder: Bitcoin may have entered a sideways consolidation phase, with the bottom largely in place.
Bankless co-founder David Hoffman published an article stating that Bitcoin’s current trend faces two possible paths: sideways consolidation to bottom out, or one final round of panic selling. He opines that Bitcoin is more likely to enter a sideways grinding phase, with its bottom already largely formed.
4 minutes ago
SpaceX’s short interest ratio rose to 29% of its outstanding shares, with short positions totaling $25 billion.
As SpaceX’s share price has fallen back to near its IPO price, short sellers are rapidly increasing their bearish positions on the company. Data from S3 Partners shows that roughly 185 million SpaceX shares are currently sold short, accounting for about 29% of its publicly traded float, equivalent to around $25 billion in short positions. Three weeks ago, the estimated number of SpaceX shares sold short was just 40 million, making up 5% to 7% of its float. The stock has dropped roughly 20% cumulatively since July, and on Wednesday it briefly fell below its $135 IPO price for the first time. KeyBanc Capital Markets noted that when SpaceX went public, its publicly traded shares made up only 5% of its total share count of around 13 billion. The first batch of large-scale restricted shares is expected to unlock around the release of its second-quarter financial results, at which point roughly 11% of the total share base will become eligible for sale; multiple subsequent batches of restricted shares, each accounting for about 4% of total shares, will also be unlocked starting about 70 days after the IPO. Elon Musk’s roughly 42% stake in SpaceX remains locked until June 2027. The company’s 13th Starship test flight is scheduled for Thursday, which could impact market sentiment toward the stock.
4 minutes ago
Ansem: If PUMP delivers on its airdrop promises and improves community relations, the token could surge 10 to 15 times.
Renowned crypto KOL Ansem has published an article arguing that token buybacks alone do not effectively support valuation. Hyperliquid generates ~$800 million in annualized revenue, while Pump.fun brings in around $440 million annually. Both platforms regularly use a portion of profits to repurchase tokens, yet Hyperliquid’s fully diluted valuation (FDV) stands at roughly $65 billion, compared to Pump.fun’s mere $1.4 billion. He notes that the valuation gap between the two is not primarily driven by revenue, but by the "trust premium" shaped by team conduct and market decisions. Hyperliquid rarely overpromises, consistently rolls out products, and rewards core users per preset metrics, fostering strong trust between its team and community. By contrast, Pump.fun has generated $1 billion in cumulative revenue and raised $1 billion via ICO, but has yet to deliver on its previously promised user airdrop. Ansem believes that if Pump.fun fulfills the airdrop and addresses core users’ concerns, PUMP’s price could surge 10 to 15 times, while boosting the platform’s trading volume, visibility, and revenue growth. He also cited Bitcoin as an example: the cryptocurrency has no revenue, yet boasts a $1.3 trillion market cap, with its value rooted in its fixed 21 million coin supply and the trust built from the network’s ongoing operation. Beyond tangible metrics like revenue, trust, meme effects, and attention are also key factors influencing asset valuation.
4 minutes ago
Keyrock acquires BlockFills' institutional trading and brokerage business for $3.25 million
Keyrock has completed the acquisition of BlockFills' institutional trading and brokerage business, with the deal covering its trading technology, institutional client relationships, and derivatives trading team. The acquisition will also expand Keyrock's regulatory scope, including an entity registered with the Cayman Islands Monetary Authority and another UK entity seeking authorization from the Financial Conduct Authority (FCA). Keyrock did not disclose the transaction price in its announcement. Per prior court documents and disclosures from company representatives, the total acquisition value is $3.25 million, payable in two installments, with certain arrangements subject to regulatory approval. BlockFills suffered major losses during the February 2026 crypto market crash, after which it filed for Chapter 11 bankruptcy protection in the U.S. Keyrock was ultimately selected as the buyer in the firm's bankruptcy proceedings.
4 minutes ago
Serenity: Declines in storage and AI-related crypto assets likely stem from deleveraging and cascading margin liquidations.
Serenity noted that Micron Technology announced today it has signed a long-term memory agreement with Qualcomm, but Micron’s stock price still fell by 5.37% following the announcement. He believes that, with multiple structural agreements continuing to take effect, the current decline does not appear to stem from issues with storage or AI stocks themselves. The related drop is more likely due to the winding down of deleveraging and margin call liquidation chains.
4 minutes ago
1inch co-founder Anton Bukov stated he was fired at the end of November 2025 and announced the launch of a new project, Second Tier.
1inch co-founder Anton Bukov published a statement saying he was fired at the end of November 2025. While he remains a co-founder of the decentralized exchange aggregator and holds a 50% stake, he is no longer involved in the company’s operations, product architecture, security design, or related oversight duties. Since co-founding 1inch in May 2019, Bukov led work on protocol architecture, security, and economic model design, and contributed to launching key products including the 1inch Router, 1inch Fusion, cross-chain atomic swaps, and shared liquidity automated market makers (AMMs). Bukov noted that feedback from users and team members over the past year led him to realize he could not stay on the sidelines of the company’s management and operations. He subsequently spent months learning leadership and communication skills and driving internal changes, before being dismissed in late November 2025. He also announced the launch of a new project called Second Tier, with plans to collaborate with like-minded teams to build secure, efficient systems that bridge the gap between economic intent and real-world execution.
The Senate passed a resolution on Wednesday stating that Sam Bankman-Fried should “under no circumstances” receive executive clemency, a rebuke of the FTX founder’s request that President Donald Trump commute or pardon his sentence.
The measure, S. Res. 772, cleared by unanimous consent, a procedure that adopts a resolution when no senator objects. It expresses the sense of the Senate that Bankman-Fried should receive neither a pardon nor a commutation, and it affirms the chamber’s commitment to “the rule of law and integrity of the United States financial system.”
The resolution is nonbinding and does not limit the president’s constitutional power to grant clemency.
Senators Cynthia Lummis, a Wyoming Republican, and Ruben Gallego, an Arizona Democrat, sponsored the measure. The two serve as the top Republican and top Democrat on the Senate Banking Committee’s digital assets subcommittee. They introduced the resolution on June 17, days after Bankman-Fried filed a formal pardon application with the Justice Department.
Lummis is the crypto industry’s most committed advocate in Congress and has spent years drafting the legislation the industry seeks. On this measure she has led the push to keep one of the industry’s most infamous figures in prison. “He had his day in court,” Lummis said when she and Gallego introduced the resolution. Gallego’s statement closed with four words: “Keep him locked up.”
The text of the resolution states that Bankman-Fried’s 25-year sentence “reflects the extraordinary scale and deliberateness of his crimes, his lack of remorse, and the catastrophic harm inflicted upon millions of victims.”
Bankman-Frieds’ attempts to get out of jail Bankman-Fried, 34, filed his petition on June 8. His application seeks a “pardon after completion of sentence,” a form of clemency that would not erase his conviction but would restore civil rights such as voting and jury service and lift barriers to licensing, employment, and housing after he leaves prison.
He is not eligible for release until around 2044.
Trump said in a January interview that he had no intention of pardoning Bankman-Fried. During his second term the president has granted clemency to other figures tied to crypto and to online markets, including Binance founder Changpeng Zhao and Silk Road creator Ross Ulbricht, along with other white-collar offenders.
A jury convicted Bankman-Fried in November 2023 on seven counts tied to the collapse of FTX, a case prosecutors described as one of the largest financial frauds in U.S. history. American customers lost more than $8 billion. A judge sentenced him to 25 years in prison in 2024.
Bankman-Fried ran two companies at the same time. FTX was a crypto exchange, which holds customer money the way a broker does and is not supposed to spend it. Alameda Research was a trading firm he owned.
He moved billions of dollars in FTX customer deposits to Alameda, which used the money for trades, venture investments, political donations, and Bahamian real estate. FTX’s software exempted Alameda from the rules that would have forced it to cover its losses like any other trader.
The arrangement came apart once Alameda’s balance sheet was found and reported that much of what the firm counted as assets was FTT, a token FTX had created and could issue at will. The collateral behind Alameda was, in effect, an asset its sister company had invented. The exchange Binance said within days that it would sell its FTT holdings, and the price of the token dropped.
Customers moved to withdraw their deposits, and FTX could not return the money because it was no longer there. The exchange filed for bankruptcy on Nov. 11, 2022.
CoinDesk was the first to report on FTX’s dubious balance sheets.
Micah Zimmerman
Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.
Bitcoin traded flat near the $64,600 mark on Thursday as easing inflation and rising geopolitical tensions kept investors cautious. The world's largest cryptocurrency was last trading at $64,560.
Over the past 24 hours, Bitcoin slipped 0.42%, while Ethereum gained 2.24% to trade at $1,917. Among major altcoins, BNB and XRP rose 0.45% and 0.51%, respectively, while Solana, Tron, Hyperliquid, Dogecoin and Cardano fell by up to 0.95%.
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Vikram Subburaj, CEO of Giottus, said softer-than-expected U.S. consumer and producer inflation data eased concerns over an immediate Federal Reserve rate hike. However, renewed geopolitical tensions and higher crude oil prices prevented a stronger risk-on rally.
He advised investors to avoid chasing short-term breakouts, adding that staggered accumulation, limited leverage and disciplined position sizing remain preferable until Bitcoin sustains above $65,500 and ETF inflows become more consistent.
According to CoinMarketCap, the global cryptocurrency market capitalisation edged up 0.1% to $2.22 trillion. The CoinDCX Research Team said Bitcoin touched a local high above $65,600, driven by nearly $209 million in short liquidations. It also noted that crypto ETFs other than Bitcoin and Ethereum saw virtually no activity.
Over the past week, Bitcoin and Ethereum gained 2.41% and 9.25%, respectively. Among major altcoins, BNB, XRP and Dogecoin rose by up to 1.61%, while Solana, Tron and Hyperliquid declined by up to 2.03%.
The CoinSwitch Markets Desk said Bitcoin climbed to a three-week high of $65,500 after U.S. producer inflation fell 0.3% month-on-month, reinforcing the softer CPI print released a day earlier, before easing below $65,000.
It added that Bitcoin now faces resistance around $67,200. A sustained breakout above this level could pave the way toward $70,000. However, traders remain cautious as the cryptocurrency approaches its 50-month exponential moving average (EMA), which has historically acted as a key resistance level during bearish phases.
Here’s what another analyst said:
Avinash Shekhar, Co-founder and CEO of Pi42, said the crypto market is showing encouraging signs of renewed institutional confidence, with Bitcoin supported by fresh ETF inflows while Ethereum continues to attract attention ahead of potential catalysts in the second half of the year.
He advised investors to build positions gradually with a disciplined approach rather than react to daily price swings or speculative narratives.
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Riya Sehgal, Research Analyst, Delta Exchange, said: “Bitcoin is still struggling to establish acceptance above the $65,000-$66,000 resistance zone. The first key support lies near $64,200. Ethereum continues to display stronger relative momentum, although its Relative Strength Index (RSI), at around 71, indicates overextended conditions.”
Nischal Shetty, Founder, WazirX, said: “The crypto market is witnessing renewed optimism as softer inflation data has eased concerns over further interest rate hikes. Lower rate expectations typically improve liquidity for risk assets, and signs of institutional confidence are already emerging, with both Bitcoin and Ethereum spot ETFs recording fresh inflows last week.”
(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own and do not represent the views of The Economic Times)
Bitcoin rose above $64,000 following weaker-than-expected US CPI and PPI data. However, further gains are limited due to simultaneous selling by both long-term and short-term investors.
While Bitcoin, Ethereum, and altcoins are also experiencing gains, noteworthy statements have come from the US banking giant Morgan Stanley.
At this point, a Morgan Stanley analyst compared Solana to Ethereum, the largest altcoin.
And here, SOL has historically been highlighted as a better diversification tool than ETH.
Speaking to Coindesk, Morgan Stanley investment strategist Denny Galindo argued that Solana has historically been a superior diversification asset compared to Ethereum.
Galindo notes that with the rise of spot Bitcoin ETFs, followed by Ethereum and Solana ETFs, the question of which digital assets investors should include in their portfolios alongside Bitcoin has come to the forefront.
Galindo also stated that the correlation coefficient between Bitcoin and ETH is 0.78 until April 2026, while the correlation between Bitcoin and SOL is 0.72, explaining that the BTC-SOL correlation is lower.
According to the analyst, this suggests that Solana is slightly less likely to move in the same direction as Bitcoin. The lower correlation indicates a higher probability of Solana moving independently of Bitcoin, and therefore contributing more to portfolio diversification.
The analyst also notes that Solana’s correlation with the S&P 500 is slightly lower compared to Bitcoin and Ethereum.
Based on these historical correlations, Galindo concluded that SOL could be a better diversification asset than ETH. However, the analyst pointed out that Solana has higher price volatility than Ethereum, and investors should consider this risk factor when evaluating the diversification advantage.
*This is not investment advice.
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ETRADE, a subsidiary of Morgan Stanley, has completed its rollout of spot services for Bitcoin, Ethereum, and Solana, enabling eligible clients to buy, sell, and hold these cryptocurrencies directly within their brokerage accounts. The service, which comes with a transaction fee of 50 basis points, marks a significant integration of traditional finance with the crypto market. This offering positions ETRADE competitively against other major platforms like Charles Schwab and Coinbase, which have higher fees. While the platform currently does not support transfers to external wallets, such functionality is expected to be added later this year.
Market participants appear to have responded positively to this development, particularly regarding the potential impact on Solana. The move may indicate increased demand and activity, contributing to market expectations of Solana’s price movement. Notably, this development coincides with a broader trend of traditional financial institutions embracing cryptocurrencies, potentially sparking a competitive environment around retail crypto fees.
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The introduction of spot access for these cryptocurrencies by a major financial institution like Morgan Stanley’s E*TRADE suggests increased mainstream acceptance and integration of digital assets. The market’s reaction appears consistent with scenarios where Solana could see heightened demand and volume.
Key Takeaways E*TRADE’s rollout of spot access for cryptocurrencies appears consistent with increased mainstream acceptance of digital assets. Market pricing suggests participants view this as supportive of increased Solana demand, potentially impacting its price. The competitive fee structure could lead to a broader retail crypto fee competition among traditional financial platforms. What to Watch Watch for potential announcements regarding the implementation of external wallet transfers, which could further influence market dynamics. Additionally, observe any strategic responses from competitors like Charles Schwab and Coinbase that may impact fee structures and market share. Solana’s price movements in the coming weeks will provide further insight into the market’s reaction to this integration, particularly if demand and volume increase as expected.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 11.5% — — View market → August 1 2026 0.4% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.4% — — View market → August 1 2026 1% — — View market → August 1 2026 0.9% — — View market → August 1 2026 3.8% — — View market → August 1 2026 0.5% — — View market → August 1 2026 8.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 40.5% — — View market →
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TL;DR
The US Justice Department transferred 54.89 billion SHIB seized in the FTX case after the tokens' value fell from $1.55 million to approximately $235,500, representing an 85% decline.Binance founder Changpeng Zhao argued that AI can increase productivity but cannot protect purchasing power like Bitcoin's fixed supply. BTC recovered above $65,000 as US inflation pressures eased.XRP wallets holding at least 1 million tokens accumulated another 70 million XRP, worth approximately $77 million, as buyers defended support near $1.08 and resistance remained around $1.14.US spot Bitcoin ETFs recorded $108 million in daily inflows, led by BlackRock's IBIT with $80.82 million, while BTC's $65,000 resistance, Ethereum's recovery toward $2,000, and the CLARITY Act remained the main market catalysts.FTX paradox: US Justice Department retained just 15% of the dollar value of seized Shiba InuLarge-scale activity across US government wallets has exposed the specifics of state custody of volatile digital assets. Over the past several days, US agencies have moved more than $338 million in confiscated cryptocurrency, according to Arkham on-chain data.
Most of the funds, including 3,940 BTC and 40,000 ETH, were sent to Coinbase Prime. However, the market's attention was drawn to a much smaller but more revealing transfer involving Shiba Inu (SHIB) tokens.
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The transaction involved a pool of 54.89 billion SHIB tokens seized by officials during the investigation into the collapse of the FTX exchange and Alameda Research. The changing value of these confiscated assets clearly illustrates the impact of prolonged legal proceedings on high-risk assets:
Last year, this volume of tokens was valued at $1.55 million.On July 15, the Justice Department completely emptied the "FTX Alameda Seized Funds" address, transferring the same tokens to a new wallet. At the time of the transaction, their value had fallen to just $235,500.US Government history of transactions with Shiba Inu (SHIB) coin seized from FTX, Source: ArkhamAs a result of market corrections, the government retained only 15% of the position's former dollar value. According to available information, this volume of SHIB is not intended for sale on the open market. The US government will continue holding the assets for subsequent settlements with FTX creditors.
For affected exchange customers, this creates a precedent in which the repayment procedure involves distributing the original tokens, although their actual purchasing power declined by 85% during the legal proceedings. The transactions followed the agencies' standard practice of conducting $10 test transfers and also involved small balances of WBTC, COMP, and MANA.
Why the Binance founder believes AI is useless against inflation, unlike BitcoinWhile the technology sector remains focused on the capabilities of neural networks, Binance founder Changpeng Zhao, known as CZ, has brought investors back to a harsh economic reality. Artificial intelligence can radically increase business productivity, but it is technologically incapable of protecting personal capital from depreciation.
According to CZ, this role still belongs exclusively to Bitcoin because its issuance is strictly limited at the code level.
The position of the Binance founder was effectively supported from the perspective of traditional institutional finance by BlackRock CEO Larry Fink. In his assessment, following a major reduction in leverage, the crypto market has cleared out excessive speculative positions and become significantly more resilient.
AI is great, but it does not protect you against inflation.
Bitcoin does.
— CZ 🔶 BNB (@cz_binance) July 16, 2026 The industry leaders' statements came against the backdrop of fresh US macroeconomic data. The latest CPI report showed that US consumer inflation had declined to 3.5%, while the Producer Price Index surprised the market by falling 0.3%.
The market immediately responded to the easing of inflationary pressure. Bitcoin began a confident recovery, broke through local resistance, and consolidated above the psychologically important $65,000 level.
Large investors bought 70 million XRP as the price stabilized near $1.10The largest XRP holders have intensified their purchases. According to fresh on-chain data from Santiment cited by Ali Martinez, wallets holding at least 1 million XRP added another 70 million tokens over the past week. At the current market price, the investment is worth approximately $77 million.
The purchases were made gradually between July 9 and July 15, increasing the total holdings of these large investors to 3.83 billion XRP. This group of large market participants now controls an impressive 74% of the token's total circulating supply.
From a technical perspective, the chart shows a classic accumulation period. XRP remains trapped within a downward trend, with the exponential moving average near $1.14 acting as the key barrier and resistance level.
XRP price chart on a daily timeframe with fresh report from Ali Martinez, Source: TradingViewLarge investors are using the current consolidation near $1.10 to methodically increase their positions at a relatively stable price without causing sharp market fluctuations.
At the same time, buyers have formed a strong support zone below the current price, with the $1.08 level actively defended by large orders. The RSI momentum indicator also points to a potential recovery as it begins turning upward from oversold territory.
Meanwhile, tokens continue to flow from trading platforms to cold wallets, while the total number of active addresses on the XRP Ledger has exceeded 8 million.
Crypto market outlook: AI payments, the Senate, and a new Bitcoin cycleThe cryptocurrency market is showing clear signs of forming a local bottom in mid-July 2026. The industry is currently caught between renewed demand for Bitcoin ETFs, expectations of key regulatory decisions in the US Senate, and the expansion of stablecoins into the real economy.
Total Bitcoin Spot ETF net inflow in US over the last 30 days, Source: SoSoValueBitcoin is holding the strategic $64,000–$65,000 range, laying the foundation for a potential short squeeze.
Key checkpoints:
ETFs return to the market: After an extended period of selling pressure, spot Bitcoin ETFs recorded net daily inflows of $108 million. BlackRock's IBIT fund led the recovery, attracting $80.82 million on its own and confirming institutional interest at current price levels.Bitcoin holds its position: BTC has consolidated above an important liquidity zone near $64,000. A breakout and sustained move above the $65,000 resistance level would open a direct path toward testing the long-term barrier near $67,000. At the same time, a strong volume shelf at $57,511 remains the main line of defense for holders.US legislative trigger: Investors are focused on Washington, where the House Financial Services Committee will hold a hearing on July 17. Senator Cynthia Lummis confirmed that Clarity Act, which is critically important for the regulation of innovation and digital assets, is expected to be brought to a Senate vote during the week beginning July 20.Ethereum shows strength: ETH staged a dynamic recovery from a three-week low of $1,630, rising into the $1,910–$1,918 range. Sellers are capitulating, but buyers must hold the intermediate support level at $1,850 to maintain momentum toward the psychological target of $2,000.Real-world adoption and stablecoin expansion: The crypto market's infrastructure foundation continues to strengthen as Visa and Artemis have officially identified stablecoins as the best payment solution for microtransactions within AI ecosystems. At the same time, Tether invested $20 million in Latin American fintech giant Ualá, valued at $3.2 billion, expanding access to digital dollars for 11 million users. You Might Also Like
Stanford researchers found signs of manipulation in Polymarket’s five-minute Bitcoin markets. Suspected traders earned an estimated $8.2 million from the activity. Longer settlements and average-price methods could reduce manipulation risks. Prediction markets keep drawing more traders from around the world. The new studies by scholars have revealed that there might be specific contractual designs. These would inadvertently favour such strategic behaviour of market participants. Scholars from Stanford University and Singapore Management University studied five-minute Bitcoin prediction contracts traded on Polymarket. They found anomalies that did not seem to correspond to normal trading behavior.
Researchers Study Trading Trends around Settlement The study analysed approximately 16,000 five-minute Bitcoin contracts launched within two months of their market entry. Researchers noted sudden directional trading spikes on Binance shortly before contract settlement, followed by abrupt price retracements right after, repeatedly.
Source: Settlement Manipulation in Prediction Markets The trends appeared strongest when contracts remained evenly divided, giving traders with large positions stronger incentives to trade before settlement. Researchers tracked the trading volumes of the settlement period, which averaged 3.9x higher than usual in the case of contracts with strong signals of a possible manipulation attempt.
Overnights and weekends had higher concentration due to low liquidity, which made small transactions affect the prices of Bitcoin more efficiently, at least for some time. The researchers estimated that the total profit of the suspected manipulators was around $8.2 million, although some sources used different calculations. Researchers emphasized that the evidence remained purely circumstantial.
Longer Settlement Windows Make Price Manipulation Less Effective Researchers found that most suspicious trading activity disappeared after contract durations increased from five minutes to fifteen minutes. This made price manipulation much less efficient since it was necessary to create an artificial market movement over an extended period of time, which increased costs.
Researchers proposed using time-weighted average price (TWAP) settlement to reduce opportunities for market manipulation at a single point in time. Polymarket admitted that no price manipulations have been seen but agreed to implement an averaging-based settlement process for some markets within a year.
Binance said that it has monitoring and anti-manipulation software installed on its platform, but stressed that the settlement process is decided by other platforms which operate outside the exchange. It was pointed out that similar vulnerabilities might be observed even outside cryptocurrency since prediction markets spread into traditional financial assets.;
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The argument over Bitcoin vs. artificial intelligence with regards to greater returns is building steam in financial markets. Now, Binance co-founder Changpeng Zhao (CZ) has joined the discussion. He provided a simple take on the debate as investors compare the two growth sectors as Binance also looks to adopt AI technology.
Binance’s CZ Offers Take On Bitcoin vs. AI Debate CZ posted on the social media platform X, saying, “AI is great, but it does not protect you against inflation. Bitcoin does.” His comments were made as top Wall Street companies offered opposing views on where capital might go during the rest of 2026.
However, AI firms have drawn in huge capital inflows with experts hinting at another $700 billion surge incoming. Still Bitcoin’s defenders have been advocating for better macroeconomic conditions that may benefit the world’s largest digital currency, the debate has been heating up.
AI is great, but it does not protect you against inflation.
Bitcoin does.
— CZ 🔶 BNB (@cz_binance) July 16, 2026
Nonetheless, since Binance has also resorted to AI technology, not everyone is convinced with what CZ just said. Also, other industry experts have different opinion on the ongoing Bitcoin vs. AI conflict.
BlackRock Sees Bitcoin Benefiting From Fiscal Risks The digital assets team head at BlackRock, Robert Mitchnick, thinks the focus has been drawn away from Bitcoin. For the moment, it seems to have fallen into the back seat as spot BTC ETFs recorded humongous outflows lately. That could change, he said, as concerns about the U.S. government borrowing become more prominent.
While Bitcoin has struggled to reach any consensus on prices these days, that may change as concerns continue to grow about the increasing deficit, and the prospect of currency debasement, said Mitchnick. He added: “And the more fear there is over the borrowing level and the risk of money printing, that is ultimately the most important, I think fundamental driver ahead.”
For context, Bitcoin price was recently hovering around the level $65,000 recovering from earlier weakness. Nonetheless, BTC is still far from the record levels seen in October 2025, when it hit over $126,000, as BlackRock’s spot Bitcoin ETF experienced significant inflows.
JPMorgan’s Jamie Dimon Stays Dedicated To AI JPMorgan’s chief executive, Jamie Dimon, remains bullish on the AI investing theme. He cited huge investments are going on all over the AI industry and the economy has been strong as evidence for his sense of optimism. Moreover, he expects AI spending to hit $700 billion this year.
While the labor market is relatively unchanged, the investment in AI is getting into the hundreds of billions of dollars this year, Dimon said. He described the environment as “We’re in a bull market. It’s like a little tsunami. When that kind of thing happens, it’s very hard to stop.”
In past years, Dimon has harshly denounced Bitcoin several times. Despite this he has recently tempered his concerns about geopolitical tensions and government borrowing over the next couple of years.
There has also been some doubts about the hype around AI stocks. In a recent article on their respective Substacks, Bernstein and Cummings suggested that the recent rise in valuation at the top-tier AI firms suggests a bubble that is “still inflating.”
They also said that businesses are investing aggressively in AI, which is decreasing their cash holdings, and that the technology budget is a higher percentage of U.S. GDP than it was in the dot-com days.
In the interim, BlackRock analyst Rick Rieder has signaled that the asset manager will be selling down its holdings of companies that are directly leveraging AI and buying up companies that are likely to benefit from the growth of AI.
One company that has caught the eye is TeraWulf, a Bitcoin miner. For context, Terawulf recently inked a 20-year contract with Anthropic to host the tech company’s AI data center infrastructure.
Softer Inflation Data Supports Crypto Market Rebound The overall crypto market was also fueled by new U.S. inflation data. The producer price index (PPI) was slightly below the market’s expectations. PPI inflation rose 5.5% year-over-year, much below the market expectations of 6.2%.
After the inflation release, Bitcoin rose above $65,000 and Ethereum returned to the $1,900 mark. The entire cryptocurrency market also moved higher as traders dialled back their hopes for further monetary tightening.
Markets have now given little chance of a July rate hike based on CME FedWatch data. The sentiment around the crypto market is improving, as evidenced by limited expectations for tighter monetary policy on Prediction market Polymarket.
However, since OpenAI, Anthropic, and DeepSeek are eyeing an IPO, netizens expect capital to rotate from risk assets like Bitcoin toward these companies. Recently, the SpaceX IPO saw billions in investment from both traditional and risk-oriented investors.
For info on crypto AI agents, please visit our page on Web3 AI Agents Directory.
Day two of the acceptance test, and acceptance is exactly what it looks like: boring. Bitcoin sits at $64,408, down a rounding error of 0.2%, holding above the old range top it broke yesterday. Meanwhile the day’s real action moved down the board, where Ondo jumped 17.4% into the trending list and Arbitrum’s monthly unlock clock ticks toward zero.
BTC Does the Most Bullish Thing Possible: Nothing Bitcoin trades at $64,408.52 as of July 16, 2026, per CoinGecko, down 0.2% in 24 hours. Yesterday’s analysis set the confirmation test: acceptance above $64,000, the old box top turned floor. A flat session above the level is the test passing in real time. Breakouts that need to sprint every day are the fragile kind; breakouts that can stand still above their level are the kind that build trends. One more caveat carried forward from yesterday: the macro relief behind this move leans on energy prices, and the oil tape remains the counter-risk nobody on a crypto chart can see coming.
Ethereum keeps doing what it has done all month. Up 2.5% at $1,913.98, ETH extends the strongest-major run this column has tracked since before the CPI print. Three issues, three days of ETH leadership. At some point that stops being a note and becomes the trend.
Ondo Takes the Spotlight The day’s second asset is Ondo, up 17.4% at $0.3728 and sitting in both the trending and most-viewed lists on CoinGecko, the only non-major to manage that double today. ONDO is the governance token of the largest tokenized-stocks and Treasuries platform in crypto, and the RWA corner it leads has been collecting institutional headlines all month. The full breakdown, including the supply cliff every ONDO buyer should know about, runs in today’s Ondo report.
The rest of the board is a split screen. The micro-cap casino printed an 883% winner (Diamond Hands) and a 70% loser (psyopcat) on the same day, which is not a contradiction, it is the product working as designed. Nothing on those boards belongs in a portfolio conversation.
And the calendar item: Arbitrum’s monthly token unlock lands today, roughly 92 million ARB. The scary word hides a milder mechanism this time, and today’s ARB report explains why this unlock is smaller than the headline suggests. The XRP retest at $1.11, yesterday’s open verdict, remains unresolved and stays on the watchlist.
[CHART: BTCUSD daily, July 16. Source: TradingView]
The Numbers That Matter Today BTC: above $64,000 for a second day, the acceptance test passing quietly. ETH: $1,913.98, leadership day three. ONDO: plus 17.4%, the board’s institutional story. ARB: unlock day, details in the dedicated report. The watch continues on XRP at its $1.11 shelf.
This article is for information only and is not investment advice. Crypto assets are extremely volatile and you can lose your entire stake. Always do your own research.
Frequently Asked Questions What is the Bitcoin price today? What is the Bitcoin price today? Bitcoin trades at $64,408.52 as of July 16, 2026, essentially flat over 24 hours and holding above the $64,000 level it broke out over yesterday.
Why is Ondo up today? ONDO gained 17.4% to $0.3728 and entered CoinGecko's trending and most-viewed lists. No single confirmed catalyst is visible in the data; the token leads the tokenized-assets narrative that has drawn institutional headlines through July.
What happens with the Arbitrum unlock today? Roughly 92 million ARB unlock today, directed to the Arbitrum DAO treasury rather than to team or investor wallets, a structural difference covered in our full ARB report.
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Bitcoin investor Lark Davis has called Cardano, Polkadot, Ethereum Classic, and Arbitrum the most overvalued cryptocurrencies in the top 100 coins list. Despite carrying multi billion dollar valuations, these projects still show weak network activity and low revenue.
According to Davis, these networks have good technology in some cases, but their ecosystems have failed to generate enough demand to justify their market caps.
Top Four Altcoins That Are OvervaluedAccording to Davis, these networks have good technology in some cases, but their ecosystems have failed to generate enough demand to justify their market caps.
Cardano Still Struggles to Attract UsersCardano topped Davis’ list, as he pointed out that the network processes around 30,000 transactions per day, has only 10,000 daily active addresses, and generates roughly $2,000 in daily application revenue despite maintaining a market cap of around $6 billion.
Token Terminal data shows that Cardano aonly generate only $1.9 million in revenue fees, far behind networks like Solana and Tron, which generate more than $603 million and $581 million in weekly revenue, respectively.
Davis questioned why Cardano continues to carry such a large valuation if network usage remains relatively low. Meanwhile, ADA is trading near $0.162, still almost 95% below its all-time high.
Polkadot’s Token Model Faces CriticismDavis believes Polkadot’s biggest issue is not its technology but its token utility. He noted that Polkadot’s main chain records only around 2,400 daily active users, while its TVL remains close to $40 million.
By comparison, many competing Layer-1 and Layer-2 networks process significantly more users and lock billions of dollars in DeFi.
According to Davis, governance, staking, and coretime sales have failed to create enough real demand for the DOT token.
As of now, DOT currently trades around $0.838, down nearly 98.5% from its all-time high.
Ethereum Classic and Arbitrum Also Make the ListDavis also criticized Ethereum Classic, saying the blockchain has become a “ghost town.” Despite maintaining a market capitalization above $1.1 billion, Ethereum Classic has only around 1,300 daily active addresses, approximately $150,000 in TVL, and roughly $72,000 in on-chain stablecoins.
As of now, ETC trades near $6.97, almost 96% below its record high.
Lastly, Davis aimed for Arbitrum (ARB). While he acknowledged that Arbitrum has strong blockchain technology, he argued that the ARB token does not capture enough value because the revenue generated by Offchain Labs does not directly benefit token holders.
Although Arbitrum serves around 2.2 million monthly active users and generates nearly $570,000 in monthly revenue, Davis believes the governance token itself has very limited use. ARB currently trades near $0.0866, down more than 96% from its all-time high.
While Davis believes these projects remain heavily overvalued, supporters argue that market value is not based only on current activity.
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A Bitcoin wallet that had remained inactive for more than eight years has transferred 5,908 BTC worth about $383 million, reviving another long-dormant holding as traders continue tracking large onchain movements.
Summary
A Bitcoin wallet dormant for more than eight years transferred 5,908 BTC worth about $383 million to a new address. Onchain data showed the coins were not sent to a known exchange wallet, leaving the holder’s intentions unclear. The transfer followed another dormant whale move earlier this week, keeping large Bitcoin wallet activity in focus. According to blockchain analytics platform Lookonchain, citing Arkham data, the wallet identified as “138EM…ReyiT” moved the entire 5,908 BTC balance to a new address at 7:15 p.m. ET on Wednesday. The coins remain in the recipient wallet, with no signs that they have been sent to a cryptocurrency exchange.
Arkham’s data showed the wallet originally received the Bitcoin in December 2017, when BTC traded near $16,800. The holdings were worth about $99.6 million at the time, compared with roughly $383 million at current market prices.
The timing of the original purchase makes the wallet notable. The holder kept the coins through Bitcoin’s nearly 80% decline in 2018, its rally to almost $69,000 in 2021, the subsequent fall to around $15,500 in late 2022, and the record high above $122,000 reached in October 2025, according to market price data. At that peak, the wallet’s balance was worth about $726 million.
While the movement has drawn attention, CoinDesk’s onchain analysis said the Bitcoin was transferred to a newly created, unlabeled address rather than a known exchange deposit address, indicating there is no onchain evidence of an immediate public sale.
The report also noted that the coins moved from a legacy Bitcoin address beginning with “1” to a newer SegWit address beginning with “bc1q.” According to CoinDesk, large holders often reorganize assets to upgrade wallet formats, improve custody, rotate private keys, prepare estate transfers, or arrange over-the-counter transactions that do not reach public exchanges.
Dormant whale activity remains in focus The latest transfer follows another dormant Bitcoin wallet that became active earlier this week after more than seven years. As previously reported by crypto.news, blockchain intelligence platform Arkham said a wallet moved 2,931 BTC worth about $188 million to a new address after remaining inactive since Bitcoin traded near $6,500.
Although neither transfer has confirmed selling activity, CryptoQuant has reported that whale-sized deposits continue to dominate Bitcoin exchange inflows. Its exchange whale ratio recently stood at 0.99, indicating that the 10 largest transfers accounted for nearly all Bitcoin deposited to exchanges.
According to the firm, elevated readings have historically been associated with higher selling pressure because large deposits are more likely to precede sizable sales.
TLDR Bitcoin retreated to $64,000 after reaching a three-week high near $65,600. Ethereum fell below $1,900 after briefly approaching a six-week peak of $1,950. Lower-than-expected US inflation data initially supported gains across the crypto market. Bitcoin maintained a 56.7% market dominance despite its latest price decline. Ondo gained 17%, while Bitcoin Cash and DeXe led losses among larger cryptocurrencies. Total cryptocurrency market capitalization dropped by $40 billion to approximately $2.27 trillion. Bitcoin price returned to $64,000 after briefly reaching a three-week high near $65,600. Ethereum also reversed from a six-week peak near $1,950 and slipped below $1,900. Meanwhile, the broader crypto market lost about $40 billion from its latest daily peak.
Bitcoin Reverses After CPI-Fueled Advance Bitcoin price had traded near $64,000 during a relatively calm and positive weekend. However, renewed tension between the United States and Iran pressured markets when trading resumed. Bitcoin then fell below $62,000 by Tuesday morning as traders assessed the weekend strikes.
Bitcoin price recovered sharply after June inflation figures came below market expectations. It reclaimed $64,000 and later crossed $65,000 as buying activity strengthened across major exchanges. The advance then peaked near $65,600, marking Bitcoin’s highest level in roughly three weeks.
Sellers regained control after the peak, and the Bitcoin price dropped by about $1,500. The asset returned to approximately $64,000, erasing much of the inflation-driven increase. Its market value also declined to about $1.285 trillion, according to CoinGecko data.
Ethereum Retreats From Six-Week High Ethereum outperformed several large-cap assets as it climbed toward $1,950 during the broader rebound. The move placed ETH at its highest level since early June. However, selling pressure later pushed the token below the $1,900 mark.
Bitcoin price remained comparatively stable while Ethereum recorded the stronger short-term move. BNB edged closer to $580, but XRP slipped slightly while contesting the $1.10 level. These mixed results showed limited follow-through among several leading alternative cryptocurrencies.
Solana, Tron, Hyperliquid, Rain, Zcash, Canton, Litecoin, and Cardano all posted daily losses. Bitcoin Cash and DeXe recorded sharper declines among larger assets. In contrast, Ondo gained about 17% as the Bitcoin price stabilized near $64,000.
Crypto Market Value Declines The total cryptocurrency market value fell by roughly $40 billion from its daily peak. It later stood near $2.270 trillion as selling spread across several major tokens. The Bitcoin price decline contributed to the broader pullback after the earlier market advance.
Bitcoin maintained a 56.7% share of the total cryptocurrency market despite the decline. Therefore, its dominance stayed unchanged even as several alternative assets recorded deeper losses. The Bitcoin price remained above levels seen during Tuesday’s early decline below $62,000.
The market ended the period with Bitcoin near $64,000 and Ethereum below $1,900. The Bitcoin price held part of its CPI-driven recovery but remained below Wednesday’s three-week peak. Overall market value also stayed lower as the Bitcoin price rally lost momentum.
As Bitcoin continues to trade around key resistance levels, market analysts remain divided on its next move. While several traders expect a bitcoin price rally toward $67,000–$70,000 over the next one to two weeks, others warn that losing critical support could trigger another correction.
Here’s a roundup of the latest forecasts.
Michaël van de Poppe: Rally to $68K Before August SurgeCrypto analyst Michaël van de Poppe believes Bitcoin has flipped key moving averages into support while holding the crucial $61,000 level.
There we go for #Bitcoin
It's holding the crucial level at $61,000 and flipping important MAs for support, indicating that there's more momentum on the horizon.
I'm expecting to see a rally to $68,000 in the next 1-2 weeks, followed by a continuation towards $75,000-80,000 in… https://t.co/tlBxEV0Eip
— Michaël van de Poppe (@CryptoMichNL) July 15, 2026 He expects Bitcoin to reach $68,000 within the next one to two weeks, followed by a move toward $75,000–$80,000 in August if momentum continues.
“I’m expecting to see a rally to $68,000 in the next 1-2 weeks.” van de Poppe said.
Also Read : Bitcoin Year-End Price Prediction 2026: $46,000 First Then 30% Rally to $65,000
Ali Martinez: $64.7K Is the Deciding LevelAnalyst Ali Martinez says Bitcoin’s next move depends on whether it can break the top of its trading channel at $64,700.
According to him:
Above $64,700: Targets open at $66,400, then $68,000.Failure at resistance: Bitcoin could fall back to $63,000 or even $61,500.He considers $64,700 the key breakout level traders should monitor.
Kalshi Traders: Market Bets on $68K This MonthPrediction market Kalshi traders are also leaning bullish.
The platform currently prices in Bitcoin reaching around $68,000 before the end of the month, reflecting growing confidence that BTC could extend its recovery if current support levels remain intact.
Crypto Tony: Bullish Unless $61.1K BreaksCrypto analyst Crypto Tony said Bitcoin may still be completing a corrective B-wave, but he isn’t turning bearish yet. He says:
Stay bullish while Bitcoin remains above $61,100.If that level breaks and holds as resistance, he would consider short positions.Otherwise, he’s targeting $67,000–$70,000 over the coming weeks.Also Read : Bitcoin Q3 2026 Roadmap: July Bounce, Brutal August, Then the Final Low Near $39,000
Ted Pillows: Watch the $65K CloseAnalyst Ted Pillows says Bitcoin briefly attempted to reclaim $65,000 but failed.
According to him, a daily close above $65,000 would likely trigger a quick move toward $67,500–$68,000, making it one of the most important short-term resistance levels.
That Martini Guy: Liquidity Points to $65.7KTrader, That Martini Guy said Bitcoin’s next move could be driven by liquidity.
Bitcoin has reclaimed $64k, but the interesting part is what's sitting above us.
There's a huge concentration of short liquidations around $65.5k-$65.7k. These liquidity pockets often act like magnets for price, especially when momentum starts building.
If bulls can keep… pic.twitter.com/V9C3gfe7Gb
— That Martini Guy ₿ (@MartiniGuyYT) July 15, 2026 He notes a large cluster of short liquidations between $65,500 and $65,700, which often attracts price during strong momentum.
Hold above $64,000: Bitcoin could rally into the liquidation zone.Lose $64,000: The next downside target becomes $63,000.Daan Crypto Trades Sees $70K+ as Next TargetCrypto analyst Daan Crypto Trades says Bitcoin needs to hold its current support zone to keep the bullish momentum intact. If BTC breaks above $65.6K and then $67.2K, it could trigger a stronger rally, with $70K+ becoming the next major target.
Bearish View: Peter Schiff Sticks to His CallLongtime Bitcoin critic Peter Schiff remains unconvinced by the recent recovery. He argues that while many regret not buying Bitcoin earlier, investors could eventually regret not selling above $60,000, maintaining his long-standing bearish outlook despite Bitcoin’s resilience.
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Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
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Bitfinex Alpha reported that the lower-than-expected US inflation figures for June propelled Bitcoin to its highest daily close since June 22, but the rise is not yet backed by strong and sustainable demand.
According to the report, the recent movement in Bitcoin was largely driven by the repricing of macroeconomic expectations and the interest rate outlook. However, the market did not see sustained spot buying, a positive Coinbase premium, or continued ETF inflows independent of the price level. Bitfinex Alpha therefore characterized the rise as “borrowed strength.”
Analysts have identified the $68,000 to $68,300 range as a critical decision point for Bitcoin. They added that continued inflows into spot Bitcoin ETFs are necessary for the price to maintain its position above this range.
Yesterday, spot Bitcoin ETFs saw a total net inflow of $181.1 million, with BlackRock’s IBIT fund accounting for $138.9 million of that amount. Bitfinex Alpha stated that flows in the coming days will show whether the outflow on July 13th was temporary and whether a new wave of strong inflows has begun.
The report warned that despite one of the most positive macroeconomic data releases of the year, the lack of strengthening investor demand could invalidate the expectation of an increase in July.
According to Bitfinex Alpha, Bitcoin’s rejection from the $68,000-$68,300 range, coupled with funding rates rising above 15% and high demand for put options, could increase the risk of a decline. In such a scenario, the current price range could be maintained, or Bitcoin could even fall below its lows of $58,000.
*This is not investment advice.
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The broader cryptocurrency market shows early signs of recovery, with Bitcoin (BTC) testing a breakout above its 50-day Exponential Moving Average (EMA) around $65,136. Improving risk appetite has investors turning toward DeFi tokens such as Ondo (ONDO) and Ether.fi (ETHFI) that emerge as best performers over the last 24 hours.
CoinMarketCap’s Fear and Greed Index at 36 on Thursday shows a largely recovering market sentiment, up from 28 last week.
Fear and Greed Index. Source: CoinMarketCapCould Bitcoin reclaim $65,000 amid easing geopolitical and inflation risk?Bitcoin’s near-term recovery after testing sub-$60,000 levels earlier this month aligns with the easing geopolitical tensions between the US and Iran. In addition, the bullish US CPI data for June has reduced the odds of interest rate hikes, prompting risk-on sentiment among investors.
Bitcoin inches closer to $65,000 on Thursday, but the EMA around $65,136 keeps the broader technical tone fragile despite a modest recovery. Momentum indicators are more constructive, as the Relative Strength Index (RSI) is at 55, hovering just above the neutral midline, while the Moving Average Convergence Divergence (MACD) maintains an uptrend with its signal line, which together suggests that downside pressure is easing but not yet strong enough to reclaim key overhead levels.
On the topside, immediate resistance is defined by the 50-day EMA at $65,136, and a sustained break above this barrier would open the way toward the $70,000 mark, followed by the 200-day EMA around $74,484.
BTC/USDT daily price chart.On the downside, initial support aligns with the horizontal level at 60,000, where a break lower would expose further weakness.
Ondo rallies on DTC-compliant tokenized stock representationsOndo reclaimed its 50-day EMA at $0.3367 with a nearly 16% rebound on Wednesday. The pair inches closer to the 200-day EMA at $0.3769, which remains an overhead barrier, keeping the near-term bias neutral to mildly constructive.
Momentum tones are supportive, with the RSI at 63 and hovering in bullish territory, while the MACD holds above its signal line, suggesting buyers still retain the upper hand despite nearby overhead supply.
A breakout above the 200-day EMA at $0.3769 could extend its rally to the $0.4524 selling zone, which has capped multiple recovery attempts over the past seven months.
ONDO/USDT daily price chart.On the downside, immediate support is at the 50-day EMA near $0.3367, where a break would likely trigger a deeper pullback and signal that the latest advance is losing traction.
Ether.fi eyes a breakout rally toward the 200-day EMAEther.Fi rises above its 50-day EMA at $0.3813 with an 11% rise on Wednesday. At the time of writing, ETHFI tests breaking above an overhead resistance trendline near $0.4400 on Thursday, potentially reinstating a bullish recovery.
However, the pair remains capped below its 200-day EMA at $0.5077, which could serve as key resistance following the trendline breakout.
The RSI at around 62 suggests firm but not yet overbought upside momentum, and the MACD remains above its signal line in the positive territory, hinting that buying pressure is still driving the recovery.
ETHFI/USDT daily price chart.Looking down, initial support is seen around the reclaimed 50-day EMA at $0.3813 as a more significant bullish defense area.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Strategy President and CEO Phong Le told Bloomberg Television that the company's balance sheet remains on firm footing at current $BTC prices, pushing back against growing concerns over the firm's leverage.
Debt Risk Only at $8,000 to $10,000Strategy, the largest public holder of Bitcoin, would only begin considering balance-sheet risks if BTC sinks to the $8,000 to $10,000 range. Phong Le identified that range as when the company "would have to consider some of the risk associated with our debt," in an interview with Bloomberg TV. Such a drop would represent a decline of around 85% based on Bitcoin's price at the time of writing.
Le said Strategy must "build a capital structure that can withstand bear markets," and expressed confidence the company remains positioned to benefit from future rallies. "We've been through this in 2022, we're going through it in 2026, and I'm pretty excited about the next bull market of Bitcoin," Le said.
Cash Reserves Bolstered, Bitcoin Accumulation PausedStrategy increased its U.S. dollar reserve by $466.7 million to $3 billion through its at-the-market equity program, according to a regulatory filing. Le said the decision to hold $3 billion in cash reflects feedback from preferred shareholders rather than a change in the company's Bitcoin thesis. Strategy estimated annual preferred dividends and interest expense at approximately $1.76 billion, meaning the $3 billion reserve covers roughly 20 months of obligations without requiring new securities issuance or further Bitcoin sales.
Strategy made no Bitcoin purchases or sales during the period, leaving its holdings unchanged at 843,775 BTC, acquired at an aggregate cost of approximately $63.69 billion at an average price of $75,476 per coin. At its current cost basis, Strategy is already carrying unrealized losses, yet Le framed the company's capital structure as designed to absorb prolonged drawdowns rather than short-term volatility.
Le dismissed concerns over Strategy's market influence, pointing to a recent $200 million Bitcoin sale that "did not move the market," arguing the company's 843,775 BTC, roughly 4% of total supply, does not create systemic selling pressure. Despite the recent pause in accumulation, Le reaffirmed that Strategy plans to remain a long-term buyer of Bitcoin.
Sources:
CoinDesk: Strategy feels 'very secure' until Bitcoin reaches $8,000-$10,000, says CEO
CoinDesk: Strategy adds $467 million in cash, makes no changes to Bitcoin holdings
Bloomberg: Strategy CEO aims to boost preferred shares, buy more Bitcoin
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bitcoin [BTC] traded toward the $65,000 price level, having gained over 3% in the past 24 hours. The hash rate, on the other hand, is declining as Bitcoin miners continue moving into AI infrastructure.
How will the mining economics affect the current and future prices of Bitcoin?
Bitcoin miner revenue stressed as hash rate declines Looking at the Puell Multiple, BTC miner stress is building, but miners remain adamant about selling.
The Puell Multiple has slipped below the 1 mark, with the reading at 0.71, slightly above the accumulation zone. Historically, the accumulation zone marks a tight revenue stress for miners, as it reflects the supply side of the Bitcoin economy.
Source: CoinGlass Moreover, Hash Ribbons have printed yet another capitulation band as hashrate fades from its peak. Over the past year, hashrate has dropped from 1,106,922,137 TH/s last November to 995,460,294 TH/s.
Source: Blockchain.com/charts Furthermore, Bitcoin mining difficulty has dropped another 5% to 127.17T, which is nearly 17% below the peak of 148.26T seen at the beginning of the year. This indicates miners are getting relief, but it does reduce the network’s security.
With difficulty reducing, a solo miner found a Bitcoin block and earned a full 3.1382 BTC reward worth about $200K. This was somehow luck, as the probability of finding a block with 1 TH/s was roughly 1 in 16,000 years.
Miner reserve flows ticking up…accumulation underway? With that in mind, miner flows were ticking up as per CryptoQuant. That is, inflows outweighed outflows, though by a small margin.
The data showed miner reserves held 1.1943 million BTC, equivalent to $76.76 billion. This was a 1% increase, representing a net flow of more than 224 BTC. This data shows accumulation, as BTC is currently undervalued.
Source: CryptoQuant From the data, it is clear that miners’ wallets are full and distribution has not yet started. The data indicates a supply overhang that is yet to be triggered.
Looking ahead, if miner reserves start bleeding while The Puell Multiple stays depressed, there will be forced selling.
How BTC be affected? But since the reserves are not bleeding, the price of BTC is showing signs of recovery. It has broken above the neckline of an inverted head-and-shoulders pattern, but the signal is only valid if it can stay above it.
Source: BTC/USD on TradingView Otherwise, a break below the neckline alongside miner selling would exert more pressure, curtailing the little recovery seen.
Final Summary Bitcoin miners are seeing a decline in revenue, but they continue accumulating, with their reserves growing by 1%. BTC price has seen a slight recovery due to accumulation, breaking above the neckline of a bullish reversal pattern.
Bitcoin remains under pressure, but the collapsing crypto discussion could leave room for whales to drive the next market move.
Discussion surrounding cryptocurrencies across X, Reddit, Telegram, and other social platforms has dropped to its second-lowest daily level since October 2024. This comes even as Bitcoin continues trading around the mid-$60,000 range.
According to the latest findings by Santiment, while the lack of conversation may appear bearish at first glance, it also reflects weak retail interest, which has often coincided with market turning points.
Crypto Chatter Fades The current sense of “deadness” across social timelines can feel bearish, but Santiment described this disinterest as one of crypto’s “most underrated forms of FUD,” while adding that when people stop posting, debating, and reacting to every market move, conditions become more favorable for large investors.
The analytics platform said markets can become easier for large investors to influence because fewer retail traders are actively crowding trades during periods of low engagement. “Whales don’t need a euphoric crowd to accumulate,” it explained while adding that some of crypto’s strongest rebounds have formed when retail attention was low, sentiment was exhausted, and markets faced less resistance on the way higher.
Bitcoin continues to face pressure from macroeconomic uncertainty, swings in spot ETF flows, and a cautious risk appetite. According to Santiment, when discussion rates are this low, even a modest change in demand can have a more noticeable effect on prices “than the headline mood suggests.”
While history does not guarantee another rebound, previous market cycles have repeatedly rewarded periods when whales had room to accumulate before retail investors realized the market had already begun to recover.
Macro Risks Remain Bitcoin briefly touched $65,000 before undergoing a minor pullback. It is currently trading a little above $64,500. Bitunix analyst Dean Chen believes if the crypto asset manages to hold above this level, “it stands a good chance of sustaining this upward momentum.”
You may also like: Peter Schiff: Bitcoin Holders Will Soon Regret Not Selling at Current Levels Brian Armstrong Asks if Bitcoin Bottom Is In, Crypto Community Can’t Agree Is Wrapped Bitcoin Flashing a Bullish Signal? Exchange Outflows Hit Six-Week High The stronger-than-expected CPI reading has lifted near-term market sentiment, but Bitcoin’s next move is still expected to hinge on several macroeconomic developments, Chen said.
These include whether inflation continues to cool even if energy prices rebound, whether the Federal Reserve sticks to its data-driven approach when making policy decisions, and whether changes in Japanese capital flows lead to shifts in global liquidity.
Two groups of BTC holders sell on the rise. (geralt/Pixabay)Summary
Two distinct groups of on-chain holders are selling into BTC’s price bounce.BTC has jumped to nearly $65,000 on the back of softer-than-expected U.S. inflation reports for June. Some analysts say the inflation data is obsolete, given the renewed strength in oil prices.As macro tailwinds lift bitcoin BTC$64,759.75, two distinct groups of investors are selling into strength, potentially slowing the ascent.
The first are long-term holders, which Glassnode defines as addresses/wallets that tend to hold for at least five months. Long-term holders, who bought near highs last year, are capitulating, or using the bounce to sell their coins at a loss rather than holding through deeper drawdowns. This signifies a lack of confidence in the sustainability of the latest BTC price rise.
Suggesting the same are short-term holders, who scooped up coins near the recent lows. They are currently realizing profits at a pace exceeding $4 million per day in a selling wave reminiscent of what was seen in May, when BTC briefly rose to its 200-day average above $82,000.
The result? Simultaneous selling from both is likely creating overhead supply exactly as the market tries to break higher. It's an indication that conviction remains shaky among those still underwater from earlier in the cycle.
"As price rallies toward $66k, LTH realized loss volume is spiking! Cycle-top buyers are using the relief rally as an exit opportunity, locking in losses at a smaller margin than the sub-60k lows allowed. Selling into strength rather than waiting for recovery is a pattern consistent with exhausted conviction among underwater long-term holders," the analyst added.
"Adding to the sell-side pressure from LTH loss realization, short-term holders who bought near the recent lows are now taking profit at volumes last seen close to the peak in May," the analyst added.
BTC has bounced this week to nearly $65,000 from $61,500, with most of the gains occurring on Tuesday after U.S. consumer price inflation came in softer than expected. Headline CPI rose just 3.5% year-over-year in June, missing the 3.8% consensus forecast and marking a notable cooldown from prior months. Core CPI, excluding food and energy, came in at 2.6% YoY with a flat reading month-over-month.
June's producer price index, offering cues on inflation in the pipeline, also came in lower than expected. Both reports eased fears of Federal Reserve interest rate hikes, sending the dollar index lower, down half a percent to 100.48 this week. Treasury yields have dropped as well.
Some observers remain skeptical of the sustainability of this inflation-led bounce, arguing that the collapse in oil prices mainly drove the slower growth in the cost of living in June and that the recent bounce in oil makes that data obsolete.
"The 3.5% [CPI] number was driven by a 10% drop in gasoline through June, and that move had already reversed before the report was published, with Brent at a one-month high as the Hormuz situation escalates," Ryan Lee, chief analyst at crypto exchange Bitget, said in an email.
"Markets are rallying on a June photograph, while July develops differently, and the July print will be the first to carry the war premium," Lee added.
Jasper De Maere, OTC trader at lading market maker Wintermute, also called for caution, while acknowledging inflation-led bounce and profit-taking near $65,000.
“While the inflation data is genuinely constructive and while positive headlines are very refreshing, it's worth noting the backdrop hasn't cleared with U.S. strikes on Iran are into a fourth consecutive day, and the Fear & Greed Index only moved from 22 to 25, still Extreme Fear. One soft CPI print against an active military escalation is not the same as a durable regime shift in risk appetite,” he said in an email.
A working paper from researchers at Stanford University and Singapore Management University has found evidence of coordinated manipulation inside Polymarket's five-minute $BTC prediction markets, raising fresh questions about the structural risks embedded in fast-settling crypto betting contracts.
How the Alleged Manipulation Worked The paper, titled "Settlement Manipulation in Prediction Markets" and co-authored by David Dai, Ruizhe Jia, and Shihao Yu, studied a product that launched on February 12, 2026. On that date, Polymarket introduced a binary contract that paid $1 if Bitcoin closed a five-minute window above where it opened, and $0 otherwise, with a fresh contract opening every five minutes around the clock.
Contracts settle using Chainlink price feeds at the end of each five-minute window, creating incentives to move the spot Bitcoin price just before expiry. Researchers found repeated bursts of one-sided trading on the Binance exchange that temporarily moved Bitcoin's price in the final seconds before bets closed, benefiting traders positioned in the same direction. During settlement periods exhibiting the most anomalous trading behavior, order volumes on Binance surged to roughly 3.9 times normal levels, with irregular patterns predominantly emerging during overnight hours and weekend periods when reduced liquidity creates opportunities for price influence.
Singapore Management University assistant professor Shihao Yu noted that "these contracts have a structural vulnerability" because they settle on a price that traders can move by trading the underlying asset itself. Despite Polymarket's reliance on multiple independent price oracles, contract settlements aligned with Binance pricing approximately 85% of the time throughout the research window.
Scale of the Problem and a Potential Fix Researchers calculated that wallets identified as probable manipulators accumulated approximately $8.2 million in profits across the study period. The paper estimates 821 suspected manipulators were responsible for the bulk of those gains, largely at the expense of retail participants.
The findings land at a sensitive moment for the prediction market industry, with combined monthly volume on Kalshi and Polymarket rising nearly fivefold in seven months, from under $5 billion in September 2025 to about $24 billion by April 2026.
The researchers found that manipulation was largely absent in fifteen-minute contracts, suggesting that lengthening the contract horizon removes the effect and provides the market-design remedy their model and evidence support. The Stanford and Singapore Management University findings suggest that changing the settlement window length and using price-averaging methods could meaningfully reduce manipulation risk.
Sources
"Settlement Manipulation in Prediction Markets" — Working Paper (arXiv)
Polymarket Bitcoin Bets Show Signs of Price Manipulation, Stanford Study Finds — Bloomberg
Traders Took $8.2 Million From Polymarket's Five-Minute Bitcoin Bets, Study Found — Bitcoin Magazine
Bitcoin sustained its recent gains following a rally sparked by better-than-expected US inflation data, with traders monitoring whether the cryptocurrency can maintain key support levels in the coming days. Market participants are watching for potential corrective moves, but sentiment remains broadly optimistic as buying interest returns across digital assets.
BTC consolidates after inflation-driven surgeAs of the latest trading session, Bitcoin is priced at $64,612, marking a 3% increase over the past 24 hours. The daily trading volume reached $48.49 billion, and Bitcoin’s overall market capitalization stood at $1.30 trillion. These figures reflect stronger inflows and growing confidence among investors following the most recent US Consumer Price Index (CPI) release.
Crypto analyst Lennaert Snyder commented on July 15, 2026, that Bitcoin has shown resilience in response to the latest CPI report, successfully surpassing its recent weekly high. Snyder identified the prior weekly low at $61,300 as a significant support level, crucial for the ongoing bullish momentum.
Snyder disclosed that he briefly opened a short position as Bitcoin approached exhaustion during the rally, but clarified that this was a tactical, counter-trend trade. He indicated that his target levels are also areas where he intends to re-enter long positions if technical conditions are favorable.
Lennaert Snyder pointed to two main price scenarios: Bitcoin could temporarily dip to sweep liquidity near $64,300 while maintaining the uptrend if it stays above $63,600. Alternatively, a stronger correction toward $63,300 might trigger new buying, as hidden buy orders could be filled in that region. Snyder continues to target $65,600 as the next upside level.
Mini dictionary: CPI (Consumer Price Index), a key economic indicator measuring changes in the price of a basket of consumer goods and services, often used to gauge inflation trends in the economy.
Technical indicators favor bullish momentumTechnical signals continue to support the bullish case for Bitcoin after the inflation-driven rally. Bitcoin is currently trading above the mid-point of the Bollinger Band, which sits at $62,254. The upper Bollinger Band is positioned at $66,026, indicating there may be further potential for the price to rise before encountering the next notable resistance zone.
Meanwhile, the Relative Strength Index (RSI) stands at 55.38, comfortably above the signal line at 50.63. An RSI reading above 50 indicates prevailing buying pressure and signals that upward momentum could continue if buyers remain active. However, with values remaining below overbought conditions, there is still room for the rally to extend further.
IndicatorCurrent ValueKey LevelsBTC Price$64,612Resistance $65,600 / Support $63,300 & $61,300Bollinger BandsMid: $62,254 / Upper: $66,026Room for upward movementRSI55.38Above signal (50.63), bullishMacro factors influence outlookThe recent price surge in Bitcoin has been driven largely by lower US inflation data. Analysts suggest that softer inflation numbers could increase the likelihood of more accommodating monetary policy from the Federal Reserve, which generally supports risk assets like cryptocurrencies and tech stocks.
Throughout the past two years, key economic announcements such as the CPI have been major catalysts for significant market moves in Bitcoin. Current market conditions highlight how macroeconomic and crypto-specific news continues to play a decisive role in short-term price swings.
With Bitcoin entering the second half of July, traders are monitoring how the price reacts to resistance near $65,600. The sustainability of this level may determine the trajectory for the rest of the month, while market attention remains on key US economic data and potential signals from the central bank.
Bitcoin’s overall outlook remains positive as strong support levels persist, but temporary corrections are still possible following sharp rallies. Investors are expected to watch global economic trends and central bank guidance closely to assess the future direction of Bitcoin and other cryptocurrencies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Inflows into spot Bitcoin ETFs are staging a comeback as they once again draw investor interest, with fresh capital flowing into these crypto ETFs. BlackRock CEO Larry Fink said Bitcoin price is stable right now and he is “very bullish” on the crypto market over the next 12 months.
BlackRock CEO Turns Bullish on Bitcoin and the Broader Crypto Market Larry Fink, CEO of $15 trillion asset manager BlackRock, told CNBC that he’s no longer concerned about excessive leverage in Bitcoin and the crypto market. He claims this is the reason for the greater stability in Bitcoin price at current levels.
Larry Fink added that he’s “very bullish” on the crypto markets over the next 12 months. The comments come amid increasing sentiment in the crypto market after the US CPI inflation cools to 3.5%.
He said investing in data centers, chips, and compute will be the next revolution in finance. Notably, Larry Fink highlighted the growing need for tokenization, which could further boost long-term potential in crypto and blockchain technology.
This shift towards digital representation of physical holdings is spearheaded by the industry’s best RWA issuers, who are actively bridging traditional treasuries and capital markets with blockchain technology.
BlackRock CEO Larry Fink’s bullish stance on Bitcoin price and the broader crypto market grabbed massive interest from the crypto community. The Crypto Market Fear & Greed Index improved slightly today.
Spot Bitcoin ETF Inflows Staging a Comeback After months of choppy flows and overall outflows, US-listed spot Bitcoin ETFs are once again drawing investor attention. Fresh capital is returning, with BlackRock Bitcoin ETF (IBIT) leading the inflows.
Bitcoin ETFs recorded $107.7 million in inflows on Wednesday, with BlackRock Bitcoin ETF recording $80.8 million in inflows. This comes after the cooling US PPI data and bullish stance by BlackRock CEO Larry Fink.
Fidelity’s FBTC also saw $16.9 million in inflows and $10 million in the Grayscale Bitcoin Mini Trust ETF. No outflows were recorded in other Ninspotot Bitcoin ETFs.
Inflows into Spot Bitcoin ETFs. Source: Farside Investors The comeback in spot Bitcoin ETF inflows is in focus amid renewed interest from institutional and retail investors.
Meanwhile, Bitcoin price is trading near the $65,000 levels after a rebound. The intraday low and high are $64,361 and $65,507, respectively. Trading volume has remained stable at around $28 billion over the past few days.
Adoption is easiest to measure when it shows up on the balance sheet. In June, Abra shifted from WBTC to $tBTC, as the main BTC collateral for its Bitcoin-backed lending platform, one of the clearest signals yet that institutional preference is consolidating around tokenized Bitcoin that can be verified onchain. The data told the same story from a different angle: tBTC's DeFi TVL-to-FDV multiple reached 7.4 in Q1 2026, up 228% year over year, while Verifiable Bitcoin Accounts (VBA) continue to meet institutional standards.
Here's the full recap of the month.
HighlightsAbra completed its shift from WBTC to tBTC, making verifiable collateral the foundation of its Bitcoin-backed lending platform.tBTC's DeFi TVL-to-FDV multiple climbed from 6.5 to 7.4 in Q1 2026, up 13% quarter over quarter and 228% over the past year.Lightning to tBTC is now one click on DZap, with Boltz live on the aggregator to bridge BTC from the Lightning Network directly to tBTC on Arbitrum.Full details to each highlight on the sections below.Ecosystem GrowthVerifiable Bitcoin Accounts bring the Bitcoin-level integration path into focus
Verifiable Bitcoin Accounts (VBA) Integration Path | Threshold NetworkVerifiable Bitcoin Accounts rollout continues with a look at its Bitcoin-level integration path, detailing how the design connects to the infrastructure institutions already operate: Bitcoin stays with the institution's existing Qualified Custodian, so adoption requires no change in custody arrangements and integrates seamlessly into the institution's existing compliance structure.
The enforcement layer is what separates the design from conventional arrangements:
Recovery paths are enforced by Bitcoin Script and Bitcoin consensus rather than by counterparty promises. A time-locked withdrawal executes when a specified time period has elapsed.Bitcoin UTXO remains the system of record throughout. Threshold also posted a rundown of Verifiable Bitcoin Accounts FAQs, walking institutions through the basics of how VBAs resolve common tensions in onchain Bitcoin deployment. For institutional teams, the integration path turns an architectural argument into a checklist they can hand to their custody and compliance functions.
Abra moves its Bitcoin-backed lending to tBTC
Threshold x Abra Integration | Threshold NetworkThe month's defining integration came from Abra, which completed its migration from WBTC to tBTC as the preferred collateral base for its Bitcoin-backed lending platform. Abra's borrowers pledge Bitcoin they intend to keep, which makes the quality of the collateral asset the product itself.
The platform serves high-net-worth individuals and institutions across wealth and treasury management, giving clients an edge in trading and collateralized borrowing while segregated account infrastructure keeps them in full control of their assets. The choice of collateral says as much as the integration itself. Platforms carrying fiduciary duties to their clients are re-examining how wrapped Bitcoin is designed, and Abra's move fits squarely within that shift.
tBTC deepens its position across lending markets
tBTC's DeFi TVL to FDV Data | Threshold NetworkThe on-chain data showed the same trend as Abra's decision. tBTC's DeFi TVL to FDV multiple climbed from 6.5 to 7.4 in Q1 2026, up 13% from the prior quarter and 228% over the past year. The multiple is a cleaner read than raw TVL because it strips out price noise and isolates utility. Flows into DeFi have grown in the double digits in $BTC terms every quarter since Q3 2025, a streak that predates the current drawdown and has continued through it.
The distribution of that growth tells the institutional story. Per Alea Research's latest BTCFi snapshot, Aave V3 alone holds $138M in tBTC, representing 29% of tBTC's DeFi TVL and the single largest driver of BTC-denominated growth, with supplied collateral up 24% quarter over quarter. Curve and YieldBasis join it at the top, and together the leading venues account for roughly 57% of all tBTC deployed in DeFi. Depth concentrated in proven protocols is what allocators screen for, and it's where tBTC's liquidity sits.
tBTC TVL in Active Lending Markets | Threshold NetworkMulti-chain swap simplifies the path into tBTC
Multi-chain Swap on the Threshold Bitcoin Router | Threshold NetworkThe multi-chain swap stands as one of the foundational entry points to tBTC and the Bitcoin Economy. Holders of other tokenized BTC can convert to tBTC with a single swap, either through the Threshold App or on external venues such as Uniswap, Curve, and Portal Bridge.
The Threshold Bitcoin Router ties the experience together by unifying positions across all supported networks in a single view. A portfolio spread across chains reads as a single balance, removing the accounting friction that multi-chain deployment usually entails. For users already holding tokenized Bitcoin elsewhere, the distance between where they are and where they want to be is now one transaction.
Boltz goes live on DZap, connecting Lightning to tBTC in one click
The path from Bitcoin's payments layer to its DeFi layer got shorter in June. Boltz, the non-custodial swap protocol supporting Bitcoin, Lightning, and tBTC, is now live on DZap, letting users bridge BTC from the Lightning Network directly to tBTC on Arbitrum in a single click. Boltz natively supports atomic swaps between Lightning and tBTC on Arbitrum, meaning both legs of the trade either complete together or fail entirely, with no party able to default after receiving assets.
For Lightning users, that turns tBTC into the shortest trust-minimized distance between holding sats and deploying Bitcoin in DeFi. For Threshold, every aggregator surface that routes through tBTC widens the funnel into the Bitcoin Economy, confirming a pattern worth noting: the tBTC-on-Arbitrum architecture Boltz built is being adopted by other builders, with DZap's integration extending that reach to its aggregation audience.
Community and EventsJohn Packel joins Bitcoin for Corporations in NYC
John Packel attends Bitcoin for Corporations NYC | Threshold NetworkThreshold Labs Head of Operations John Packel took part in Bitcoin for Corporations, an invitation-only forum held in New York City. The room brought together corporate treasury and capital markets professionals working through a shared question from different angles: how to put Bitcoin to work without compromising on custody or compliance.
Threshold Forum opens discussion on a Protocol as Arbitrageur modelGovernance attention in June turned to the economics of peg maintenance, with a new proposal on the Threshold Forum recommending that the RebateStaking contract be replaced by a Protocol as an Arbitrageur model. The existing contract underpins the fee waiver framework, which reduces redemption friction for $T Stakers are improving arbitrage efficiency and supporting a tighter BTC-to-tBTC spread. The design has performed as intended, yet it depends on external participants to execute the arbitrage that maintains price alignment, with the value from closing the spread accruing to those participants while the protocol absorbs the cost through foregone fee revenue.
The proposed model would consolidate that function within the protocol itself, conducting the peg-maintaining arbitrage directly rather than subsidizing third parties through rebates, and retaining the associated value in the process. The proposal is under open discussion on the Threshold Forum, where review by tokenholders and contributors determines which proposals advance to a formal vote. Participation ahead of any vote is open to all.
Looking AheadJune's throughline was institutional conviction backed by verifiable data, and the months ahead extend each of these threads: Q2 closes with fresh on-chain data to test whether the growth streak holds through a fifth quarter. The Protocol as Arbitrageur discussion advances through the forum, an example of the network reviewing its own economics in the open. Institutional conversations of the kind John Packel joined in New York continue to seed the evaluation pipelines that produce integrations like Abra's, and the Verifiable Bitcoin Accounts series keeps meeting diligence teams at each stage of that process.
The direction has been consistent for six years, and it remains so now: Bitcoin's utility expands onchain, and Threshold builds the infrastructure that lets institutions verify it rather than take it on trust.
A new academic study has found signs of settlement manipulation in short-duration Bitcoin prediction markets on Polymarket, raising fresh questions about market design, retail protection and the reliability of crypto-linked event contracts.
The paper, titled “Settlement Manipulation in Prediction Markets,” was written by David Dai, Ruizhe Jia and Shihao Yu, with affiliations reported by Cointelegraph as Stanford University and Singapore Management University. The researchers studied Polymarket’s five-minute Bitcoin prediction markets, which allow users to bet on whether Bitcoin’s price will be above or below a reference level at settlement. Polymarket describes itself as the world’s largest prediction market.
The study argues that contracts tied to financial asset prices are uniquely vulnerable because traders can participate in both the prediction market and the underlying spot market. In theory, a trader with enough exposure to a short-term prediction contract can profit by moving Bitcoin’s spot price around the settlement window, even if the price move quickly reverses afterward.
The researchers found that after Polymarket launched five-minute Bitcoin contracts, spot-market order flow spiked near settlement times and was followed by large price reversals. That pattern is consistent with temporary price pressure rather than ordinary information-driven trading. The study also concluded that sophisticated manipulators captured significant profits, mostly at the expense of retail traders.
Short-Duration Contracts Create a Manipulation Window The key problem is timing. In a five-minute binary contract, the payout depends on a single near-term price observation. That creates a concentrated window in which small changes in the underlying asset can determine whether one side of the contract pays out.
If a trader has a large enough position in the prediction market, it may become profitable to trade Bitcoin itself to influence the settlement price. The trader may lose money on the spot-market trade, but gain more from the prediction-market payout. Once the contract settles, the artificial spot-market pressure can disappear, causing the price to reverse.
This is different from ordinary market prediction. A healthy prediction market is supposed to aggregate information and produce a useful probability. A manipulable settlement market can instead reward traders who can temporarily push the underlying price across a threshold.
The paper’s most important finding is that manipulation was largely absent in Polymarket’s fifteen-minute Bitcoin contracts. That suggests the problem is not prediction markets in general, but very short-duration contracts that settle on asset prices participants can influence. By lengthening the contract horizon, the researchers argue, platforms can reduce the profitability of manipulation and improve market quality.
Regulatory Questions for Crypto Prediction Markets The findings arrive as prediction markets are moving further into mainstream finance. Platforms such as Polymarket and Kalshi have attracted billions of dollars in trading volume across politics, sports, economics, crypto and cultural events. Supporters argue they provide real-time probabilities and crowd-sourced information. Critics warn that thin liquidity, whale activity and asymmetric sophistication can distort prices.
Bitcoin contracts are especially sensitive because the underlying asset trades continuously across global venues and can be moved over short windows, particularly when liquidity is fragmented. A trader does not need to control the entire Bitcoin market to influence a narrowly defined settlement point.
For regulators, the study raises a familiar derivatives-market concern: contracts can create incentives to manipulate the reference price. Traditional futures and options markets have rules around settlement methodology, position limits, surveillance and anti-manipulation enforcement. Prediction markets tied to financial assets may face pressure to adopt similar safeguards.
For retail traders, the lesson is practical. Very short-term prediction markets may look simple, but they can be structurally complex. A five-minute Bitcoin bet is not just a view on price direction. It may also expose users to settlement games played by better-capitalized traders operating across multiple venues.
The study does not prove that every short-duration Bitcoin contract is manipulated. But it does show that market design can create incentives for manipulation and that onchain prediction markets are not immune from classic financial-market abuses. As prediction markets expand, the integrity of settlement mechanisms may become as important as the accuracy of the predictions themselves.
Currently, the market is showing all the signs of an altcoin cycle.
From the technical standpoint, while Bitcoin [BTC] dominance has trended higher for three straight weeks, recently breaking above the 59% level, Ethereum [ETH] dominance is now taking the lead, pushing the ETH/BTC ratio up more than 10% over the same window. This suggests that capital is rotating across the market rather than remaining solely “Bitcoin-led.”
Ripple is no exception. As AMBCrypto flagged, FOMO around XRP and ETH has climbed to a five-week high, while Bitcoin sentiment remains neutral. More importantly, XRP is leading ETH in bullish sentiment, recording 3.02 bullish comments for every 1 bearish comment compared with ETH’s 2.31-to-1 ratio.
Source: TradingView (XRP/BTC) In essence, FOMO around XRP is building faster than the broader market.
The timing is important. As the chart above shows, the XRP/BTC ratio has recently broken below the key 0.00002 support level, a level that sparked a strong breakout during the Q3 2025 cycle. Since then, the ratio has printed more than four straight lower lows, showing that XRP has continued to underperform Bitcoin.
Now, with sentiment turning bullish again, the question is whether this growing momentum can help XRP reclaim strength against Bitcoin, especially with FOMO building. But the bigger question is whether that FOMO is actually showing up on-chain because, as a Layer 1 network, Ripple’s [XRP] strength ultimately depends on real network activity and capital flows, not just market sentiment.
XRP/BTC consolidates as on-chain momentum builds A 10-week consolidation usually sets the stage for a strong move in either direction.
With FOMO continuing to build, the bias is starting to lean bullish. The XRP/BTC ratio has now spent nearly 10 weeks consolidating around the 0.000015 level, a sign that longer-term accumulation may be taking place rather than short-term capital rotation. If that structure holds, a breakout above resistance could mark the start of a fresh leg higher for Ripple against BTC.
From the on-chain perspective, the setup already reinforces this view. According to DeFiLlama data, XRPL’s DeFi activity is rebounding, with TVL up more than 3% over the last 24 hours. The move has been backed by a 6%+ jump increase in stablecoin supply, pushing nearly $1 billion back into the network.
Source: DeFiLlama To put this into perspective, more than $2 billion in stablecoins have flowed out of the Ethereum network over the same period, highlighting a shift in liquidity toward alternative Layer-1 ecosystems like XRPL.
Against this backdrop, the growing FOMO around Ripple doesn’t look like a fluke. Instead, liquidity is gradually rotating into XRPL, supporting the network’s underlying strength. If this trend continues, the XRP/BTC ratio could be setting up for more than just a short-term rally.
Instead, it could be the early stages of a broader breakout.
Final Summary XRP FOMO is rising, while the XRP/BTC ratio continues to consolidate, increasing the chances of a breakout. Strong XRPL on-chain activity and growing stablecoin flows suggest the rally is being supported by real network growth, not just market hype.
Binance launches three U.S. ETF perpetual contracts, offering up to 25x leverage.
According to official announcements, Binance has launched multiple USDT-margined TradFi perpetual contracts, including MUUUSDT, SOXSUSDT, and TZAUSDT perpetual contracts. MUUUSDT corresponds to Direxion Daily MU Bull 2X ETF (MUU), which tracks the daily 2x return performance of Micron Technology. SOXSUSDT corresponds to Direxion Daily Semiconductor Bear 3X Shares (SOXS), tracking the daily 3x inverse performance of the NYSE Semiconductor Index. TZAUSDT corresponds to Direxion Daily Small Cap Bear 3X Shares (TZA), tracking the daily 3x inverse performance of the Russell 2000 Index.
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Hyperliquid's TSMC contract rallied then pulled back, dropping over 4% intraday.
According to market data, Hyperliquid-listed contracts tied to Taiwan Semiconductor Manufacturing Co. (TSM) surged intraday before pulling back, with their decline once widening to over 4%. Earlier, TSMC released its Q2 2026 financial report: net profit rose 77% year-on-year to NT$706.6 billion, hitting a record high and beating market expectations; Q2 revenue grew 36% year-on-year to NT$1.27 trillion, while high-performance computing (HPC) segment revenue increased 20% quarter-on-quarter.
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Ostium trading remains suspended, with user margin still frozen.
Perpetual decentralized exchange (Perp DEX) Ostium stated in a post that platform trading remains suspended following the security incident. User positions are still open but cannot be modified temporarily; trading margin remains in the frozen smart contract and has not been moved. Ostium added that its team is continuing to coordinate with relevant authorities, SEAL 911, and multiple security researchers, and will release updates on the timeline for smart contract activity resumption and fund recovery. According to PeckShield’s monitoring, Ostium’s public OLP vault was hacked for approximately 24 million USDC, with the attacker subsequently converting the funds to around 12,100 ETH, of which about 10,500 ETH has been transferred to Tornado Cash.
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The China-South Korea Semiconductor ETF on the A-share market saw its afternoon decline widen to 5%.
According to market data, the semiconductor sector in China's A-share market continued to weaken in the afternoon, with the decline of China-South Korea semiconductor-related ETFs expanding to 5%.
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TSMC expects demand to remain strong in Q3, with its full-year revenue coming in higher than earlier forecasts.
TSMC (TSM.N) announced that it expects its third-quarter revenue this year to range between $44.6 billion and $45.8 billion, compared to its Q3 2025 revenue of $33.1 billion. The chipmaker projects demand will remain strong in the third quarter, and forecasts its U.S. dollar-denominated revenue growth for 2026 will be slightly above 40%, an upward revision from its earlier forecast of over 30%.
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HTX DAO completes Q2 token burn, with HTX’s cumulative burn exceeding 100 trillion tokens.
According to an official announcement from HTX DAO, the second-quarter 2026 HTX token burn was completed on July 15. On-chain data shows that a total of 7,474,935,439,560 HTX tokens were burned in this round, worth over $13.6 million. To date, the cumulative amount of HTX burned and donated has reached 117.79 trillion tokens. Burn details: https://tronscan.org/transaction/06b58562732cbff13ce6a3b2a0556f6ffefd158b4cc4313968750923c779810d/overview. In the first half of this year, HTX DAO’s two-quarter combined burn exceeded $32.82 million. Against the backdrop of intensified market liquidity competition this year, HTX has still been able to consistently execute quarterly burns worth tens of millions of dollars, showcasing strong operational resilience and anti-cyclical capabilities.
US spot Bitcoin ETFs attracted $107.8 million in net inflows on Wednesday, while their Ethereum counterparts pulled in $53.8 million.
The numbers in context Earlier in July, Bitcoin ETFs pulled in $181.1 million on a single day, July 14. So Wednesday’s figure represents a moderation from that pace, though still firmly positive.
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Cumulative net inflows into US spot Bitcoin ETFs have now surpassed $51 billion since their January 2024 launch.
At $53.8 million, Wednesday’s ether ETF inflows represented roughly half the Bitcoin figure. Ether ETFs launched several months after their Bitcoin predecessors.
Recovery from a rocky start to the year Earlier in 2026, both Bitcoin and ether ETFs experienced multi-week outflow streaks. The summer months have brought a clear reversal, with funds flowing back into both product categories.
BlackRock, Fidelity, and Grayscale have continued to attract the lion’s share of flows.
What this means for investors When the SEC approved spot Bitcoin ETFs in January 2024, the optimistic projections called for maybe $10 billion in the first year. The actual numbers have blown past even the most bullish forecasts, with cumulative net inflows now exceeding $51 billion.
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Leading cryptocurrencies traded sideways on Wednesday, while stocks rallied as investors digested softer inflation data amid heightened tensions with Iran
Bitcoin Steadies, Ethereum GainsBitcoin climbed to an intraday high of $65,507, only to encounter strong resistance soon after. Ethereum, meanwhile, broke $1,900 for the first time since Feb. 3, while XRP and Dogecoin moved sideways.
Over $300 million was liquidated from the cryptocurrency market in the last 24 hours, mostly wiping out bearish short bets, according to Coinglass data
Bitcoin’s open interest rose 0.39% over the last 24 hours. Retail derivative sentiment on Binance remained “Neutral,” with volume of buy orders slightly exceeding sell orders during the period.
"Extreme Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
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The global cryptocurrency market capitalization stood at $2.2 trillion, following a dip of 0.79% over the last 24 hours.
Stocks Climb On Favorable Inflation DataStocks extended the gains on Wednesday. The Dow Jones Industrial Average rose 150.37 points, or 0.29%, to end at 52,658.64. The S&P 500 advanced 0.38% to close at 7,572.40, while the tech-focused Nasdaq Composite spiked 0.62% to settle at 26,269.22.
Meanwhile, geopolitical tensions kept investors on edge as the U.S. launched a second wave of strikes against Iran’s military assets.
‘Attractive Long-term Accumulation Area’Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, said that indicators are flashing bottom signals and backed a dollar-cost averaging strategy during such periods.
The analyst reacted to a chart showing Bitcoin’s relative unrealized profit hitting lows comparable to past accumulation phases in 2020 and 2023.
“The cycles don’t need to repeat themselves on Bitcoin, but the behavior does repeat itself,” Van De Poppe said. “This is the time.”
Ali Martinez, another popular cryptocurrency commentator, says investors need not buy the “exact bottom” for long-term returns.
“Personally, I believe even current prices represent an attractive long-term accumulation area,” Martinez said. “My plan is to accumulate during periods of weakness and look to take profits during the next major cycle, around 2029.”
Photo Courtesy: Zakharchuk on Shutterstock.com
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After being stuck in a broad downtrend for the majority of the year, Bitcoin is beginning to show signs of recovery. The asset is currently trying to create support around the $65,000 mark after rising back above its 26-day EMA at $63,400. Although this is a positive development, Bitcoin still has a lot of overhead resistance.
The most significant obstacle is located close to the 50-day EMA at $64,100, which Bitcoin has just lately recovered. The next significant objective is still the 100-day EMA, which is currently at about $68,500. The larger bearish structure that has dominated price action since late 2025 is still defined by the 200-day EMA, which is currently at $74,500. The steady rise in momentum is one sign that things are going well.
BTC/USDT Chart by TradingViewRecovering to almost 57, the RSI is above the neutral zone and indicates that buyers are taking charge. The current advance follows a successful defense of the $58,000–$60,000 support area, in contrast to earlier relief rallies that swiftly faded. The move is not yet a complete reversal of the trend because volume is still moderate rather than explosive.
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The recent higher-low structure is changing into a more sustainable recovery, though, if Bitcoin is able to move toward the $68,000-$70,000 range. As of right now, it looks like Bitcoin is moving from a corrective phase into an accumulation stage. However, before bulls can seriously discuss a return toward the $75,000 region, there needs to be a break above the 100-day EMA.
Ethereum Does BetterAt the moment, Ethereum's technical features are superior to those of Bitcoin. While getting closer to the crucial 100-day EMA resistance at $1,944, ETH has effectively recovered both its 26-day and 50-day EMAs. Ethereum recently broke out of a slight ascending consolidation pattern, indicating fresh buying pressure, and is currently trading at about $1,920.
This move is backed by increasing volume and improving momentum indicators, in contrast to the numerous unsuccessful rallies that were observed earlier this year. The RSI has risen to 66, which is close to overbought territory but still has room to rise. This implies that buyers continue to have a strong hold.
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Ethereum's prospects would be greatly improved by a clear close above the 100-day EMA, which might pave the way for the 200-day EMA at $2,217. Additionally, the chart structure appears more robust than it did a few weeks ago.
ETH set a higher low after the June capitulation event and has been gradually gaining ground. When this pattern is accompanied by improving market sentiment, it frequently precedes more significant trend reversals. $1,944 is the critical level to keep an eye on.
A successful breakout above this barrier might spur more purchases and hasten Ethereum's comeback. However, failure would probably lead to consolidation between $1,750 and $1,950 before the market decides what to do next. With technical momentum clearly favoring bulls in the near term, Ethereum continues to be one of the market's stronger large-cap assets.
XRP's Recovery Is ToughThe fact that XRP is still having trouble beneath a thick cluster of moving averages shows how challenging the recovery process is. The asset is currently trading close to $1.12 and has once again failed to break above the 50-day and 26-day EMAs, which are presently at $1.15 and $1.14, respectively.
A distinct descending resistance line that was created throughout July is visible on the chart. Every attempt to surpass it has been greeted by fresh selling pressure, which has kept XRP from gaining significant upward momentum. Although buyers have not yet shown enough strength to reclaim higher resistance zones, the token has stabilized above the psychological $1 level. The RSI, which has returned above 50, is one positive indication.
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This suggests that the market is becoming more balanced and that bearish momentum is diminishing. All significant trend indicators, such as the 200-day EMA around $1.46 and the 100-day EMA around $1.25, are still above XRP. The overall trend is still clearly bearish until those levels are contested. Additionally, volume has remained largely subdued.
Large reversals usually call for increased buyer participation, which hasn't happened yet. Rather, following its June selloff, XRP seems to be stuck in a consolidation phase. Bulls' immediate goal is to break above the short-term moving averages. A move toward $1.25 becomes more probable if that happens.
However, if resistance is not broken, there may be another test of support in the $1.00–$1.05 range. As of right now, XRP appears to be stabilizing rather than completely recovering. Although the market is no longer in a panic, it is still awaiting a catalyst that can stop the more significant decline.
Zcash Makes a ComebackZcash is still one of the market's best-performing assets, continuing its remarkable comeback and moving closer to $600. The cryptocurrency that prioritizes privacy is currently trading close to $578 following yet another strong breakout from a multi-week consolidation structure.
ZEC has effectively recovered all of the major moving averages, in contrast to many digital assets that are still stuck below important resistance levels. A strongly bullish market structure is confirmed by the fact that the 26-day, 50-day, 100-day, and even 200-day EMAs are currently below price. Momentum is still incredibly powerful. The RSI has risen above 66, indicating persistent buying pressure that has not yet reached extreme overheating.
ZEC/USDT Chart by TradingViewThis implies that before traders start aggressively taking profits, the rally may still have room to continue. Because it invalidates the corrective structure that developed following the June volatility event, the most recent breakout above the $520-$540 range is especially significant.
What could have been a deeper retracement turned into a continuation pattern as buyers repeatedly intervened around the moving-average cluster. Throughout the advance, volume has also stayed strong. The current move is backed by steady participation, which lends the trend more legitimacy than transient speculative spikes.
The prior swing highs are located between $650 and $700, and the next significant resistance zone is located around $600. The market may move into a much more aggressive expansion phase if ZEC is able to pass those levels.
As long as Zcash stays above the $500 support area, technical indicators continue to favor further upside, making it one of the most obvious bullish outliers among large- and mid-cap cryptocurrencies.
Bitcoin is showing the first noteworthy signs of recovery after months of downward movement, establishing support near $65,000 following a rally above its 26-day EMA at $63,400. This shift suggests a potential change in short-term market sentiment, but significant resistance obstacles remain for the world’s largest cryptocurrency by market value.
Bitcoin recently regained its 50-day EMA at $64,100, marking an important but preliminary step in overcoming the prevailing bearish structure. The next major target is the 100-day EMA, currently positioned at $68,500, which must be cleared for a decisive trend reversal. Price action continues to be defined by the broader 200-day EMA, which stands at $74,500 and maintains the overarching downtrend that began in late 2025.
Momentum indicators, including the Relative Strength Index (RSI) climbing to nearly 57, signal strengthening buyer control. Unlike previous rebound attempts earlier this year that quickly faded, the current move is supported by ongoing buyer defense of the $58,000–$60,000 region. However, trading volume remains moderate, indicating that a full reversal has yet to materialize.
Bitcoin must break above the 100-day EMA to establish a pattern of sustained recovery and open the door for a potential move toward the $75,000 area. Until this level is reclaimed, upside discussions are likely to remain cautious.
LevelCurrent Price / EMASupport$65,00026-day EMA$63,40050-day EMA$64,100100-day EMA$68,500200-day EMA$74,500Ethereum leads large-cap recoveryEthereum stands out among the major cryptocurrencies for its technical strength in recent sessions. The asset, known for powering the largest decentralized application ecosystem, has effectively regained its 26-day and 50-day EMAs and is pushing toward the pivotal 100-day EMA at $1,944. ETH is currently trading near $1,920 and recently broke out of a minor ascending consolidation, indicating renewed demand.
Momentum and volume have improved, supporting the rally, while the RSI has moved up to 66, approaching overbought territory but still suggesting room for bullish continuation. Technical analysts point to $1,944 as Ethereum’s critical upside barrier in the short run. Clearing this could enable a move to the 200-day EMA at $2,217, especially given improved market sentiment since ETH set a higher low after the June capitulation event.
Ethereum continues to demonstrate clear outperformance among large-cap cryptocurrencies, with technical momentum and buying pressure resulting in steady gains above recent support levels.
Should Ethereum fail to clear the 100-day EMA, analysts anticipate further sideways trading between $1,750 and $1,950 until the market establishes a firmer directional consensus.
XRP faces ongoing resistanceXRP, the native token of payments-focused blockchain company Ripple, remains trapped beneath a cluster of closely grouped moving averages. XRP is trading near $1.12 and has struggled to rise above its 50-day and 26-day EMAs—currently at $1.15 and $1.14, respectively. Each attempt to break out above a descending resistance line established in July has met renewed selling activity, keeping upward momentum in check.
Despite these challenges, XRP has stabilized above the psychological $1 level. The RSI has edged back above 50, a solid sign of improving balance between buyers and sellers, but all major trend indicators—including the 100-day EMA at $1.25 and 200-day EMA at $1.46—remain overhead. Volume has also remained subdued, pointing toward a period of consolidation rather than a robust turnaround.
XRP bulls are watching for a move above the short-term moving averages. Success could allow the asset to challenge resistance at $1.25, while failure prompts a possible retest of support between $1.00 and $1.05.
Zcash emerges as a bullish outlierPrivacy-focused cryptocurrency Zcash (ZEC) has outperformed much of the market by reclaiming all major moving averages. Price has moved above the 26-day, 50-day, 100-day, and 200-day EMAs, resulting in a definitive bullish market structure. The RSI above 66 highlights persistent buyer participation without signals of major overheating, and trading volume has remained consistently strong throughout its recent ascent.
The latest breakout above the $520–$540 range invalidated the corrective pattern that followed June’s heightened volatility, with buyers repeatedly supporting the market at critical levels. ZEC now faces initial resistance around $600, with prior swing highs noted between $650 and $700.
ZEC will remain technically favored as long as it holds above $500 support, positioning itself as a notable bullish exception among large- and mid-cap tokens in the current market environment.
Mini dictionary: Zcash (ZEC): A privacy-focused cryptocurrency launched in 2016, Zcash utilizes advanced cryptographic techniques called zk-SNARKs to enable shielded (private) or transparent transactions, offering enhanced user privacy compared to most blockchains.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
PANews, July 16 – According to SoSoValue data, the overall crypto market sectors trended narrowly sideways. The RWA sector stood out with a 24-hour gain of 6.40%, as Ondo Finance (ONDO) rose 15.92% and Centrifuge (CFG) rose 2.87%. Meanwhile, Bitcoin (BTC) edged up 0.19%, briefly breaking through $65,000 during the session; Ethereum (ETH) rose 2.92%, breaking above $1,900.
Other sectors that performed well include: the DeFi sector, which posted a 24-hour rise of 0.96%, with ZeroLend (ZERO) surging 28.87%; and the PayFi sector, up 0.32%, with eCash (XEC) gaining 13.68%.
In other sectors, the Meme sector slipped 0.07%, but Pump.fun (PUMP) rose 1.53%; the CeFi sector fell 0.13%, while Mantle (MNT) held relatively firm, up 1.69%; the Layer1 sector fell 0.23%, with Injective (INJ) rallying 3.24% intraday; the Layer2 sector fell 0.34%, with MegaETH (MEGA) bucking the trend to rise 2.39%; and the SocialFi sector fell 2.43%, with Gram (GRAM) declining 2.36%.
Bitcoin (CRYPTO: BTC) hit $65,000 on Wednesday, even as crypto social volume dropped to its second lowest daily level since October 2024.
Why Is Dead Social Volume Actually A Bullish Signal?Santiment flagged the social silence as a contrarian indicator. Crypto chatter across X, Reddit, and Telegram has nearly hit a two-year low, arriving right as Bitcoin pushes into the mid-$60,000 range.
“Disinterest is one of crypto’s most underrated forms of FUD,” Santiment wrote. “When people stop arguing, posting, and chasing every candle, markets can become easier for large buyers to move because fewer retail traders are actively crowding the trade,”
Santiment pointed out that some of crypto’s strongest rebounds have formed during periods of low retail attention, when whales had room to accumulate before the crowd noticed the move had already started.
What Pushed Bitcoin Above $65,000?Federal Reserve Bank of New York President John Williams said Wednesday that inflation has peaked and should edge down in coming quarters, projecting overall inflation to decline to around 3.25% by year-end before reaching the Fed’s 2% target in 2028.
Combined with soft PPI data released the same morning, the remarks pushed Bitcoin above $65,000 for the first time in several weeks.
No Bitcoin fund recorded outflows. Total Bitcoin ETF assets climbed back to roughly $78 billion from $75 billion.
Where Does Bitcoin Stand Technically?Bitcoin’s longer-term trend structure stays heavy. The 20-day SMA at $62,288 sits below the 50-day at $64,121, and the 50-day sits below the 200-day at $73,520, keeping the death cross in place since November 2025.
MACD sits above its signal line with a positive histogram, pointing to easing downside pressure even as the broader trend stays bearish.
Traders are watching whether Bitcoin can hold above the 20-day EMA at $63,292 and then challenge the 50-day EMA at $65,115 as the first confirmation that the bounce has legs.
Key levels for Bitcoin:
$63,292 — 20-day EMA, immediate support to hold $65,115 — 50-day EMA, first resistance above $70,599 — 100-day SMA where longer-term selling pressure sits Image: Shutterstock
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According to EmberCN’s monitoring, as Bitcoin (BTC) rebounds above $65,000, the whale holding a $49 million short BTC position on Hyperliquid has less than $900 remaining to its liquidation price. The whale shorted 750 BTC at an average price of $59,941 at the end of June, incurring an unrealized loss of $4 million, with a liquidation price of $66,153.
Crypto clearing startup Glacis Labs has closed a $6.8 million seed round. The round was led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures, structured as an equity-plus-token warrant deal. The funding will primarily be used to expand its core product, the ZeroDelta platform, and support the growth of its engineering, compliance, and marketing teams. ZeroDelta is a multi-chain clearing platform that facilitates matching, netting, and final settlement of cross-chain digital assets. It currently focuses on serving stablecoins and has processed over $1 billion in cumulative trading volume to date.
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President Trump signed an executive order on March 6, 2025, establishing a Strategic Bitcoin Reserve capitalized with Bitcoin seized through federal criminal and civil asset forfeiture proceedings nationwide. The U.S. federal government holds approximately 328,372 BTC as of February 2026, making it the largest known state holder of Bitcoin in the world by a significant margin. Bitcoin deposited into the Strategic Bitcoin Reserve cannot be sold under current rules, effectively removing approximately 328,372 BTC from the circulating supply against Bitcoin’s 21 million coin hard cap. Interagency disputes between the Treasury Department and Commerce Department over custody and operational control have delayed full implementation of the reserve as of mid-2026 reporting. The BITCOIN Act (S.954) proposes acquiring up to one million BTC, while the American Reserve Modernization Act, introduced in May 2026, seeks a 20-year mandatory holding period. On March 6, 2025, President Donald Trump signed an executive order creating the Strategic Bitcoin Reserve, the first federal program to treat Bitcoin as a sovereign reserve asset alongside gold and petroleum.
The order directed that Bitcoin seized through law enforcement operations be consolidated into a permanent reserve that cannot be sold. A separate U.S. Digital Asset Stockpile was created for non-Bitcoin digital assets. As of mid-2026, the reserve faces implementation challenges, including interagency disputes over custody.
This article explains how the reserve works, what legislation is pending, and what it means for Bitcoin markets.
How the Executive Order Created the Reserve The March 6, 2025, executive order directed the Treasury Department to establish custodial accounts collectively known as the Strategic Bitcoin Reserve. The reserve was capitalized with all BTC held by the Treasury through final criminal or civil asset forfeiture proceedings.
Other agencies were directed to evaluate their authority to transfer government-held Bitcoin to the reserve within 30 days, as specified in the Federal Register filing.
The key rule is unambiguous: Bitcoin deposited into the reserve cannot be sold. The executive order stated that holdings “shall not be sold and shall be maintained as reserve assets of the United States.” The Secretaries of the Treasury and Commerce were authorized to develop budget-neutral strategies for acquiring additional Bitcoin, provided those strategies impose no incremental costs on taxpayers.
The order also created the U.S. Digital Asset Stockpile for non-Bitcoin assets. The stockpile operates under a different framework, with the development of “stewardship strategies” encouraged rather than a blanket no-sale rule, as the Lathrop GPM legal analysis explained.
The distinction between the Bitcoin reserve and the digital asset stockpile is significant. Bitcoin received the elevated “strategic reserve” designation with a permanent no-sale mandate. All other digital assets were placed in a secondary category with more flexible disposition rules.
This two-tier structure reflects the administration’s view that Bitcoin’s fixed 21 million coin supply and 16-year security track record set it apart from other digital assets.
Current Holdings and Supply Impact The U.S. federal government is the largest known holder of Bitcoin in the world. Total holdings stood at approximately 328,372 BTC as of February 2026, according to Wikipedia’s tracking of government disclosures. The initial tranche was estimated at roughly 200,000 BTC drawn from assets confiscated in law enforcement operations over multiple years, as Crypto Briefing reported.
The no-sale designation has direct supply implications. Approximately 328,372 BTC are now effectively removed from circulation, locked in government wallets with no mechanism to return them to the market under current rules. For an asset with a hard cap of 21 million coins, that represents roughly 1.56% of the total possible supply permanently off the table.
Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, stated in March 2025 that selling some U.S. gold holdings would be a budget-neutral way to acquire more Bitcoin, as reported by multiple outlets.
White House spokesperson Liz Huston stated the administration “continues to evaluate the best structure for a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile.
Legislative Efforts to Codify the Reserve Multiple bills aim to convert the executive order into permanent law. The BITCOIN Act (S.954), introduced by Senator Cynthia Lummis with five co-sponsors in March 2025, proposes authorizing the acquisition of up to one million BTC over five years by diversifying existing federal funds.
Representative Byron Donalds introduced H.R.2112, which would give the executive order the force and effect of law, as recorded on Congress.gov.
The American Reserve Modernization Act (ARMA), introduced in May 2026, seeks to codify the reserve framework and impose a 20-year mandatory holding period on the assets. Neither the ARMA nor the BITCOIN Act has passed as of mid-2026.
The CLARITY Act’s uncertain timeline in the Senate suggests that comprehensive crypto legislation faces a narrowing window before the November 2026 midterm elections. The gap between executive action and legislative codification is the reserve’s most significant vulnerability. An executive order can be reversed by a future president.
Without congressional authorization, the reserve’s permanence depends entirely on political continuity. The multiple competing bills also suggest that lawmakers have not yet agreed on the reserve’s operational details, including acquisition authority, holding periods, and governance structure.
Interagency Disputes and Implementation Delays As of mid-2026, disputes between the Treasury and Commerce departments over custody and operational control have delayed full implementation. The March 2025 executive order assigned Treasury a central role in establishing accounts and managing holdings, but also directed Commerce to participate in acquisition strategy development.
The delay affects practical decisions around custody, auditing, interagency transfers, and any future acquisition strategy.
In January 2026, Patrick Witt, then executive director of the President’s Council of Advisors for Digital Assets, stated that the administration remained committed to establishing the reserve. However, the operational details remain unresolved.
Regulatory Implications The reserve sits at the intersection of asset forfeiture, sovereign treasury management, and digital asset custody. Congressional passage of the BITCOIN Act or ARMA would create a durable legal framework. Without legislation, the reserve’s status depends on executive authority alone.
Federal banking regulators, including the OCC and FDIC, announced in March 2025 that banks no longer need advance permission for crypto activities, complementing the reserve’s broader policy direction.
What’s Next? The Treasury and Commerce departments are expected to resolve the custody dispute in 2026. The ARMA bill’s 20-year holding provision, if passed, would establish the reserve’s longest proposed lock-up period.
The November 2026 midterm elections may determine whether crypto-friendly legislation advances or stalls. For markets, the reserve’s impact hinges on whether the government moves from holding forfeited Bitcoin to actively acquiring additional coins.
FAQs What is the U.S. Strategic Bitcoin Reserve?
The Strategic Bitcoin Reserve is a federal program established by executive order in March 2025 to hold Bitcoin seized through law enforcement as a permanent sovereign reserve asset.
How much Bitcoin does the U.S. government hold?
The U.S. federal government held approximately 328,372 BTC as of February 2026, making it the largest known state holder of Bitcoin in the world by a significant margin.
Can the government sell Bitcoin from the Strategic Reserve?
No, the March 2025 executive order states that Bitcoin deposited into the Strategic Bitcoin Reserve shall not be sold and must be maintained as reserve assets of the United States.
What is the BITCOIN Act?
The BITCOIN Act (S.954) is a Senate bill proposing authorization to acquire up to one million BTC over five years through diversification of existing federal funds without additional taxpayer costs.
How does the Bitcoin reserve differ from the Digital Asset Stockpile?
Bitcoin receives a strategic reserve designation with a permanent no-sale mandate, while non-Bitcoin digital assets enter a separate stockpile with more flexible stewardship and disposition options.
Why is there a dispute between Treasury and Commerce over the reserve?
The executive order assigned overlapping roles to both departments, creating friction over which agency controls custody, auditing, acquisition strategy, and operational management of the reserve assets.
Could a future president reverse the Strategic Bitcoin Reserve?
Yes, executive orders can be reversed by future presidents, which is why congressional legislation like the BITCOIN Act and ARMA seeks to codify the reserve permanently into federal law.
References The White House (March 2025). “Fact Sheet: President Donald J. Trump Establishes the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile.” White House. Federal Register (March 11, 2025). “Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile.” Federal Register. Congress.gov (2025). “H.R.2112: Establishment of the Strategic Bitcoin Reserve.” Congress.gov. Crypto Briefing (July 2026). “US Strategic Bitcoin Reserve Established as Long-Term National Asset.” Crypto Briefing.
