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XRP ETFs took in $6.55M in net inflows on July 2, all from Bitwise. That marks an eighth consecutive positive week, pushing assets under management to $987.91M across seven funds — about 1.5% of XRP's market cap. The coin is trading at $1.09 against $1.10 resistance heading into a low-liquidity holiday weekend.Blockstream CEO Adam Back called the BIP-110 transaction-filtering proposal effectively dead, with mining-pool support at just 0.31% of hashrate.Shiba Inu coin slipped to 32nd place with a $2.55B market cap, overtaken by NEAR Protocol and Tether Gold. Exchange reserves are climbing back toward 87 trillion tokens after whales returned 493B coins in early July, following a 781B withdrawal in June. About $50M separates SHIB from re-entering the top 30.Bitcoin is holding its $59,000–$62,000 accumulation zone after whales added 270,000 BTC and spot ETFs flipped back to $221.7M in net inflows, but the prolonged Independence Day weekend leaves the market exposed to thinner order books, miner selling pressure, and exaggerated moves if BTC fails to hold above $61,000.American XRP ETFs closed their eighth positive week before the weekendFresh capital entered American spot XRP ETFs right before trading closed for the U.S. Independence Day holiday. The final pre-holiday session brought the funds a net inflow of $6.55 million, closing an eighth consecutive week of institutional buying firmly in positive territory, as per SoSoValue.
Bitwise's fund accounted for the entire day's haul, taking all of the week-ending volume while competitors such as Canary and Grayscale stood at zero. Total assets under management across the seven approved XRP funds have now moved close to the $1 billion mark, reaching $987.91 million. For a young sector, that is a meaningful 1.5% of the asset's total market capitalization.
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Total XRP Spot ETF Net Inflow Over the Last 30 Days, Source: SoSoValueTraders calmly absorbed even the freezing of the CLARITY Act crypto bill, whose vote on Capitol Hill was postponed until the end of the summer because of the recess. Accumulation was also not disrupted by the scheduled release of 1 billion tokens from escrow contracts on July 1. The network absorbed the entire volume without a drawdown, against the backdrop of a three-month record in new wallet creation on the XRPL blockchain.
The coin is now trading at $1.09, pressing against key resistance at $1.10. Thin trading over the holiday weekend could easily tip the balance: if buyers lock in a breakout, the asset will have an open road toward the psychological $1.15 mark, justifying July's historically strong status for XRP.
Adam Back declares collapse of Bitcoin's censoring BIP-110 soft forkBlockstream CEO Adam Back entered the ongoing debate around the BIP-110 proposal, calling the attempt to introduce transaction filtering into Bitcoin commercially stillborn. The well-known cypherpunk reacted harshly to the current disputes in the ecosystem, stating that the initiative had failed because of a lack of interest from investors and traders.
At the center of the conflict is a proposal to limit the network's capacity for non-monetary data such as Ordinals and Runes. According to Back, the desire to artificially clean blocks in the name of imaginary security directly contradicts Bitcoin's p2p nature.
i'm a cypherpunk, and have been running nodes since 1990s. exit remailers, tor, file sharing, bitcoin nodes. p2p networks don't exist unless people with mettle run nodes. filter bippers are weak leeches, scared to p2p, demanding to censor to make nodes "safe" for the weak to run.
— Adam Back (@adam3us) July 3, 2026 He stressed that this filtering fork is already dead on arrival, as the market has completely rejected it and exchanges currently have no long positions in fork futures. Back's words are also confirmed by current on-chain metrics: support for BIP-110 from mining pools has stalled at 0.31% of the total hashrate, making soft-fork activation through the UASF mechanism unrealistic.
Back compared the proposal's authors to people who unsuccessfully tried to burn down a rented house, only to end up outside and now "living in a tent" of their own filtering coin. At the same time, BIP-110 supporters continue to strengthen the defenses around their "granite castle."
The industry veteran concluded that the network's antifragility had once again rejected poorly thought-out ideas, and urged censorship supporters either to adapt or finally split off into their own altcoin.
87 trillion trap: Why Shiba Inu fell out of the top 30Shiba Inu (SHIB) has fallen out of the world's top 30 cryptocurrencies, settling at 32nd place with a market capitalization of $2.55 billion. The meme token failed to withstand direct pressure from NEAR Protocol at $2.6 billion and the tokenized gold asset Tether Gold (XAUt) pushing from behind.
While retail traders remain passive, keeping SHIB's daily trading volume at a modest $70.2 million, major players have started a tough positional battle as exchange reserves return to the critical level of 87 trillion coins, as per CryptoQuant.
This trillion-coin barrier has become a liquidity trap for the token. In late June, whales temporarily eased the pressure by moving 781 billion SHIB to cold wallets, but by early July they had replayed the scenario and returned a fresh batch of 493 billion tokens to exchanges.
Netflow of Shiba Inu (SHIB) coin on centralized exchanges month-to-month, Source: CryptoQuantThe rise in supply to 87 trillion is weighing on price action: investors see it as a sign that large wallets are ready to lock in profit on any local rebound, which firmly blocks growth in market capitalization.
Still, it is too early to write SHIB off. The gap from the coveted top 30 is a symbolic $50 million. Against the backdrop of Japanese competition between Mercari and Rakuten Wallet and expectations for a U.S. ETF from T. Rowe Price, the current drop looks more like a prolonged consolidation.
Whether the token returns to the top league depends on only one thing: whether July demand can absorb those trillions of coins hanging in exchange order books.
Crypto market outlook: Bitcoin accumulation and stablecoin pressure define July openingThe crypto market enters the prolonged Independence Day weekend with Bitcoin recovering above $61,000 after ETF outflows stopped, whales rebuilt exposure near $59,000–$62,000, and stablecoin competition intensified against Circle’s USDC dominance.
Bitcoin price action in Summer 2026, Source: TradingViewKey checkpoints:
Bitcoin accumulation phase confirmed: Whales added 270,000 BTC around $59,000 over two weeks, equal to roughly $16.7 billion in fresh accumulation. Long-term holders also shifted from distribution back to accumulation. The $59,000–$62,000 range is now the main investor positioning zone. Whale behavior and sentiment capitulation show larger holders are treating this area as a buy zone.ETF pressure eased before the holiday weekend: Bitcoin cleared $61,000 after a 10-day spot ETF outflow streak ended. U.S. spot Bitcoin ETFs recorded $221.7 million in net inflows on July 3 after the jobs report reduced fears of a fresh rate-hike shock.July 4 liquidity risk: U.S. markets are entering a prolonged Independence Day weekend. That leaves crypto exposed to thinner liquidity, weaker institutional participation and exaggerated weekend moves.Stablecoin competition is escalating: OUSD launch pressure hit Circle, USDG scaled to $100 million on Robinhood Chain, and non-USD stablecoins reached $1.1 billion in supply, with transfer volume up 16x since 2023.Open USD targets USDC dominance: A new Open USD consortium backed by more than 140 firms, including Visa, Mastercard, BlackRock, Coinbase and Stripe, went live with free minting/redemption and shared reserve yield for partners. Circle stock dropped 14–17% as investors priced in direct competition.What matters next week: BTC needs to hold the $59,000–$62,000 accumulation base and keep ETF flows positive. The upside trigger is continued ETF demand plus progress on U.S. crypto market-structure legislation; the downside risk is renewed miner selling, failed ETF follow-through or thin-liquidity weekend pressure. You Might Also Like
XRP (CRYPTO: XRP) peaked at $3.65 in July 2025 buty now trades 70% off its highs.
The collapse happened all the while Ripple kept signing institutional deals, winning regulatory battles, and attracting ETF inflows.
The Trump Rally Was Always Going To End This WayXRP surged from $0.49 to $3.39 in weeks after Trump’s election as investors priced in a regulatory reversal.
Every subsequent positive event followed the same script: buyers positioned early, price pumped, sellers cashed out the moment confirmation arrived.
On January 20, 2025, XRP briefly spiked as Trump took office then fell the same day, starting a three-month decline to $1.60.
The people who bought XRP at $0.30 to $0.80 and held through years of SEC litigation finally had their exit.
Three Macro Shocks Hit In SequenceOctober 2025’s China tariff announcement wiped $19 billion in leveraged crypto positions in a single day, destroying the derivatives foundation that had amplified every previous XRP rally.
February’s Black Sunday II then produced $2.2 billion in futures liquidations, wiping out 335,000 traders and breaking XRP below $1.60, the support level that had held since April 2025, opening a clear drop toward $1.
US-Israel strikes on Iran later liquidated $100 million in crypto longs within 15 minutes, with XRP absorbing a disproportionate share given its elevated sensitivity to risk sentiment.
Deutsche Bank had integrated Ripple’s payment rails that same month. Aviva Investors had partnered with Ripple to tokenize funds on XRPL.
Société Générale launched its euro stablecoin on XRPL the same week. None of it mattered. XRP was trading on macro fear, not Ripple fundamentals.
ETF Inflows Were Real But Couldn’t Absorb What Whales Were DumpingStill, institutional buying through ETFs couldn’t match what early holders were offloading into every spike.
However, Ripple’s name on a deal doesn’t automatically create demand for XRP.
Where XRP Stands NowXRP is challenging the year-long descending trendline from July 2025’s peak, the same line that rejected every rally for eleven months.
The token prints its third RSI bull divergence signal at these lows. The prior two, in November 2025 and February 2026, each produced rallies of 40% to 80%.
The SEC and CFTC have classified XRP as a commodity, ETFs hold over $1 billion in assets, and Mastercard, Deutsche Bank, and Société Générale now actively use XRPL infrastructure.
Ripple’s fundamentals never broke down — the price drop was driven entirely by macro forces, early holder distribution, and Bitcoin’s (CRYPTO: BTC) gravitational pull on the entire altcoin market.
Image: Shutterstock
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XRP just recorded higher trading volume than Bitcoin on Upbit. The altcoin now trades above a recently reclaimed resistance level.
As a result, analysts are watching whether XRP holds enough momentum to challenge the next major zone. The surge in activity places the $1.15 level squarely at the center of trader attention.
XRP Trading Volume Tops Bitcoin on Upbit. Source: CoinGeckoRenewed Interest in XRP?Trading volume measures the amount of an asset exchanged over a specific period. Rising volume is often seen as a sign of increasing market participation. It typically reflects stronger investor interest across both retail and institutional trading channels.
The altcoin generated roughly 113.18 million XRP in trading volume on Upbit over the past 24 hours. As a result, the token surpassed Bitcoin and became one of the exchange’s most actively traded digital assets.
The move drew immediate attention across South Korean crypto markets.
JUST IN: XRP trades at $1.09 on South Korea's largest exchange Upbit, with 24H volume of 113,178M outpacing Bitcoin's turnover on the platform. pic.twitter.com/caYIjKv9cz
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) July 3, 2026 The timing is notable for the token. XRP recently moved above $1.10. That area had repeatedly capped previous recovery attempts.
Moreover, holding above the zone has improved the short-term technical structure and reinforced expectations of continued buying interest.
Analysts note that the latest move built a more constructive market setup. XRP is now attempting to form a sequence of higher lows and higher highs. That pattern is commonly associated with strengthening bullish momentum across major crypto assets.
The breakout has clearly attracted attention. However, traders remain focused on whether the token can maintain support above former resistance levels. As a result, sustained demand will likely be necessary to maintain the current upward trend.
XRP Price Performance – 7D. Source: BeInCryptoWhy the $1.15 Level Is Drawing AttentionThe next major area under observation sits between $1.14 and $1.15. This range combines short-term selling pressure with a widely monitored long-term moving average. It now represents a potentially significant obstacle for the token.
A successful move above $1.15 could strengthen confidence among market participants. Furthermore, it would likely shift attention toward higher price levels. Conversely, failure to break through the area may lead to additional consolidation before another attempt.
Analysts also note the importance of XRP holding above $1.09 during any short-term pullback. In technical analysis, a former resistance level that becomes support often confirms a more sustainable breakout. That flip strengthens the broader bullish case.
$XRP did the one job: reclaim $1.10.
Swept the downside liquidity at $1.0369, now holding $1.09 support as fresh ground.
Hold above $1.09 and $1.15 is the next test…
Lose it and the flush to $1.07 comes fast.
Do you agree? pic.twitter.com/UWmPZZLOBW
— Alex Marzell (@MarzellCrypto) July 3, 2026 Beyond $1.15, the next notable target remains the $1.20 to $1.30 zone. That area has repeatedly rejected previous rallies. Furthermore, it remains one of the most important resistance regions on the entire XRP chart.
Supporting the bullish narrative, XRP remains above its breakout level as market activity continues to expand. The token is currently trading around $1.11 after surging 2.25% over the last 24 hours, according to BeInCrypto data.
Buyers appear to have maintained control since the move above the resistance level.
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The latest recovery also follows a period of prolonged weakness. XRP’s monthly RSI recently reached its most oversold reading on record. That extreme prompted some observers to consider the possibility of a broader trend reversal across the coming sessions.
For years, Michael Saylor’s Strategy built its brand around a simple mantra: Buy Bitcoin. Never sell. This week, that narrative changed.
The company authorized up to $1.25 billion in Bitcoin sales under a new capital framework. At current prices, that equates to roughly 21,000 BTC that could eventually hit the market — a reminder that even Bitcoin’s most committed corporate holder isn’t immune to the realities of capital management.
This week’s Crypto Biz explores how the digital asset industry is entering a more pragmatic phase, where ideological purity is giving way to financial discipline. It also examines the intensifying stablecoin race as issuers compete for reserve yield, Fidelity's latest defense of Bitcoin's long-term security model and the crypto industry’s growing political influence ahead of the 2026 US midterm elections.
Strategy authorizes $1.25 billion in Bitcoin sales to fund dividends, buybacksStrategy has authorized up to $1.25 billion in Bitcoin sales under a new capital framework that will fund shareholder dividends, bolster cash reserves and repurchase stock while preserving its long-term Bitcoin strategy.
The company’s new “Digital Credit Capital Framework” raises the annual dividend on its STRC preferred stock from 11.5% to 12%, establishes a formal Bitcoin monetization program and expands capital return initiatives through buybacks of preferred securities and MSTR shares. Strategy also said its dedicated cash reserve has grown to $2.55 billion, enough to cover roughly 17 months of preferred dividends and interest payments.
The framework reflects an evolution in Strategy’s capital allocation. After years of insisting it would never sell Bitcoin, the company has now established a formal monetization program and disclosed selling 32 BTC in June. Strategy made no Bitcoin purchases last week, leaving its holdings unchanged at 847,363 BTC as it places greater emphasis on liquidity management alongside its Bitcoin accumulation strategy.
Source: Michael Saylor
Payments giants back new stablecoin to challenge USDT, USDCMore than 140 financial and crypto companies have joined forces to launch a new US dollar-backed stablecoin that lets participants retain the yield generated by its reserves, marking one of the industry’s biggest coordinated stablecoin initiatives to date.
The Open USD (OUSD) project is backed by major payments companies, including Visa and Mastercard, alongside crypto companies such as Coinbase, Ripple, OKX and Bybit. Unlike traditional stablecoin models, OUSD will allow businesses to mint tokens without fees or volume limits while keeping the reserve earnings — a feature supporters say could help the token gain market share from incumbents Tether’s USDt (USDT) and Circle’s USDC (USDC).
The launch comes as the US adopts a more favorable regulatory stance toward stablecoins following passage of the GENIUS Act. Open Standard plans to roll out OUSD later this year, entering a market already worth more than $300 billion that many analysts expect to expand rapidly over the rest of the decade.
Source: Open Standard
Fidelity says Bitcoin’s long-term security isn’t threatened by halvingFidelity Digital Assets is pushing back against claims that Bitcoin’s long-term security will weaken as mining rewards decline, arguing that rising transaction fees, market incentives and Bitcoin’s price appreciation should continue to keep the network secure.
In a new research report, Fidelity said Bitcoin’s economic model extends beyond block subsidies, challenging the view that successive halving events will eventually undermine miners’ incentives. Research analyst Daniel Gray noted that although block rewards have steadily declined, average daily miner revenue has grown from $1.3 million between 2012-2016 to $40.2 million today.
The report comes as Bitcoin miners grapple with mounting financial pressure following the latest halving. Many publicly traded mining companies are expanding into AI and high-performance computing to diversify revenue streams, even as Fidelity maintains that the network’s long-term security model remains intact.
Source: Fidelity Digital Assets
Crypto industry pours $189 million into 2026 US electionsCrypto companies have contributed roughly $189 million to the 2026 US election cycle, accounting for an estimated 37% of all corporate political spending so far, according to a new report by consumer advocacy group Public Citizen.
The report found that crypto-backed political action committees (PACs) are once again driving much of the industry’s political influence. Fairshake has spent more than $82 million this cycle, while the pro-Trump MAGA Inc. Super PAC — heavily backed by Crypto.com — has spent more than $56 million. Public Citizen said the groups are following the same strategy used in 2024, backing candidates from both major parties who support the industry’s policy agenda.
Crypto’s political spending has already surpassed the roughly $170 million deployed during the 2024 election cycle, with more than four months remaining before November’s elections.
Source: Public Citizen
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Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
A whale increased its long exposure to Bitcoin and Solana on Thursday, the 2nd of July. The whale put over $70M on the line.
Additionally, the trader opened a 10X short position on Hyperliquid [HYPE], bringing the total bet to over $78M.
Initially, the bet seems to be playing out well, with an unrealized profit of about $9.2M.
Source: Hyperbot The positive unrealized PNL (profit and loss) followed a relief rally following the weaker US Jobs report data. In most cases, weaker Jobs report data suggest that the Fed would reconsider its previous leaning toward rate hikes to boost the labor market.
Subsequently, any Fed rate cut expectations tend to boost risk-on sentiment, fueling a relief rally across crypto and equity markets. In fact, the stock market posted mixed results.
As of writing, Google Finance showed that S&P and Nasdaq Futures were green, suggesting the recovery could climb higher.
Still, the Fed rate expectations didn’t change much after the weak Jobs report. According to the FedWatch tool, odds of another interest rate hike dropped from 28% to 17%, nearly a 2x dip.
In fact, this eased rate hike fears, likely fueling the mid-week relief recovery as BTC climbed towards $62K. But eased fears didn’t mean an automatic rate cut.
Source: FedWatch Tool Interest traders were placing an 83% chance that the Fed would keep the interest rate unchanged at the current 3.50%-3.75% ahead of the end-of-July meeting. After the July 4th weekend, FOMC Minutes will be released next Wednesday, July 8th.
The low-liquidity weekend and the upcoming FOMC Minutes could still trigger market volatility.
In fact, as of writing, the whale was already down $1.2M, largely weighed down by the HYPE short position, which was down 70%. A hawkish Fed rate pause could likely expose the whale to more losses.
Source: Nansen In the meantime, smart money investors were doubling down on Solana [SOL] at the current $81 level. This cohort increased bidding by 129% in the past 24 hours.
What’s next for Bitcoin, Solana? However, for Bitcoin, short positions were piling up as the king coin attempted to reclaim $62K. There was over $2B in short positions, commanding a 57% dominance as of the time of writing.
Source: CoinAnk This meant Bitcoin [BTC] traders were increasingly bearish after the relief bounce towards $62K. It also creates the best conditions for a short squeeze. But that depends on how the market will react to the FOMC Minutes.
Still, the $62.3K and $65K overhead hurdles must be cleared for a sustained recovery.
Source: BTC/USDT, TradingView Final Summary A whale increased long exposure to Bitcoin and Solana to over $70M after a weak US jobs report While the Fed rate hike fears eased, a hawkish interest rate pause could renew the market sell-off
Transaction patterns are changing fast across the Solana network. A notable segment of investors has begun to move away from speculative memecoin trading, shifting their focus to major cryptocurrencies like Bitcoin and Ethereum. This move underscores a broader transformation for Solana as it evolves from being associated mainly with short term speculation to becoming a platform supporting a wide scope of real world applications and diverse digital assets.
Changing trends in transaction compositionMarket analyst Kylobayd reports that cross chain token transactions on Solana have reached an impressive $211.7 million. The surge in liquidity for assets coming from networks like Bitcoin and Ethereum highlights how investor interest is tilting toward well established cryptocurrencies over purely speculative meme assets.
With cross chain token transactions on Solana hitting $211.7 million, the network’s activity base has clearly expanded beyond the memecoin craze.
While the largest category of transactions still leads with $259 million, the gap between it and the cross chain segment is now down to just 18 percent. Analysts see this narrowing margin as evidence that Solana’s ecosystem is gradually diversifying and reducing its previous reliance on a single asset class.
This growing diversification could help decentralized exchanges on Solana achieve more balanced liquidity instead of being driven by the wild swings of a single token. The current trend also supports the integration of decentralized finance (DeFi) and cross chain asset utilization within Solana’s high performance, low cost blockchain infrastructure.
All eyes on the $120 technical targetThe technical outlook for Solana’s native token, SOL, is turning increasingly bullish. According to analyst BATMAN, a classic Wyckoff structure has recently completed on the SOL chart, with the price reclaiming its previous trading range after a significant sweep of liquidity.
Mini glossary: The Wyckoff structure is a technical analysis approach that describes price movements in stages like accumulation, false breakouts, and rallies. Regaining support in this pattern typically signals that buyers are regaining strength.
After retreating from above $200, SOL moved sideways for months within the $76 to $98 zone. This prolonged consolidation period pointed to a balance between buyers and sellers, but recent renewed demand is now sparking signals of a possible trend reversal.
IndicatorLevelLong term trading range$76 to $98Regained support$76 to $78Analysts’ target zone$120 to $125Current approximate level$81Short dips below key support may have triggered the stop loss orders of bearish traders. Analysts interpret this as textbook Wyckoff action, where strong hands accumulate while weak positions are flushed out.
The powerful candlestick that followed the reclaim of the $76 to $78 region indicates renewed buying pressure entering the market.
If SOL is able to sustain its hold above the $76 to $78 support, the next closely watched technical target stands at $120 to $125. Relative to its current level near $81, this would represent close to 50 percent upside potential.
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.
Bitcoin (BTC) price is up by 2.46% today, July 3, to trade at $61,644 at the time of writing. These gains come as ARK Invest CEO Cathie Wood says that oil’s bull market has ended after President Donald Trump said that the US and Iran are making progress in their negotiations for peace.
Trump’s statement is bringing back demand for risk assets, leading to the crypto market cap rising by 2.63% to $2.13 trillion per CoinMarketCap data.
Cathie Wood Calls End of Oil Bull Case Wood was speaking in the latest episode of “In The Know,” where she said that the reopening of the Strait of Hormuz on June 17 will increase the oil supply, and this will cause oil prices to go down.
She added that the Strait’s reopening means that the bull case for oil is diminishing because 20% of the global oil supply that was previously blocked from passing through Hormuz by the US and Iran will now find its way into the market.
“As Hormuz opens up more and more, we think that oil price could drop precipitously,” Wood said.
Crude oil trades at $68 today, July 3, with this being the lowest price that this commodity has touched since February 2026.
The price of oil could keep falling as Bitcoin rises after negotiators from the US, Qatar, and Pakistan wrapped up talks on July 2, with the second round of negotiations set for July 18.
Bitcoin Price Soars on Easing Geopolitical Tensions Bitcoin price has moved from $57,800 on July 1 to $61,700 today, July 3, as buyers come back because of the easing tensions between the US and Iran.
The four-hour chart shows that when BTC dropped to $57,800 on July 1, it collected the sell-side liquidity left behind during the June 25 crash.
This uncollected liquidity was pulling the price down, but after BTC dropped on July 1 to collect it, it is now making a healthy uptrend.
The bounce from the support of $57,800 on June 25 and July 1 has created a double-bottom pattern. This pattern usually suggests that the trend is about to shift from a downtrend to an uptrend.
Bitcoin has also moved above the neckline resistance of $60,900, and it has made five straight closes above it. If buying pressure continues to rise, BTC price could move to the next obstacle at $63,944.
BTC Price Chart (Source: TradingView) The RSI reading of 61 supports a bullish long-term Bitcoin price forecast. The AO bars that are green and growing in length also suggest that the momentum is favoring bulls.
Bitcoin could move to the target of $67,000 if buyers remain in control. However, if it makes three straight closes below the support of $60,900, it will invalidate the bullish thesis.
Analyst Reveals Bitcoin Bottom Signal as ETF Inflows Return A previous CoinGape report revealed that Grayscale says that Bitcoin has reached its bottom, and analyst Ali Charts now supports this thesis.
In an X post, the analyst said that the TD Sequential Indicator on Bitcoin’s one-month chart is flashing a buy signal. He added that the signal has also appeared for Ethereum, XRP, and Solana, suggesting that the sellers who were pushing crypto prices down are exhausted.
Institutions also seem to support that Bitcoin price has bottomed because data from SoSoValue shows that spot BTC ETFs had $221 million in inflows on July 2.
The $221 million inflows were the highest that these ETFs have seen since the $467 million inflows seen on May 5.
In This Article Crypto News Today: Securitize Goes Public on the New York Stock Exchange and Issues Tokenized SharesOndo Tokenizes BlackRock's IVV S&P 500 ETF and Micron Stock Under SEC Custody Model In crypto news today (July 3), Bitcoin has surged back above $60,000, up +2.7% over the past 24 hours as the market continues to show signs of life. Daily liquidations dropped slightly from yesterday, down from $448M to $413M, with shorts still making up the bulk of that figure at $283M.
The upturn across the market has been boosted by Bitcoin ETF flows turning green for the first time in more than ten days. Yesterday closed with +$223M in positive flows, with Fidelity’s FTBC product accounting for $166M of that figure. Interestingly, BlackRock’s IBIT was the only ETF that closed the day red, with -$40M in outflows.
While nearly every major cap token is currently in the red over the past 24 hours, Stellar (XLM) and Cardano (ADA) are two of the more prominent projects in the green today, up +11% and +4.5% respectively. Daily trading volume continues to decline, currently at $75Bn, down from $82Bn yesterday.
Furthering the belief that a longer-term rally is on the way, the Fear & Greed Index is back above 20, sitting at 21/100, up from 19/100 yesterday. If Bitcoin continues to hold above $60,000, the likelihood of the index continuing to climb becomes higher.
Securitize, one of the largest companies in the asset tokenization sector, has begun trading on the New York Stock Exchange under the ticker symbol SECZ. The listing occurred on Thursday after the company completed its business combination with Cantor Equity Partners II late Wednesday.
According to The Block, SECZ opened at $12.45, rose to $13.70 by midday, representing an approximate +10% gain, and closed its first trading session at $12.30.
Additionally, Securitize has launched tokenized versions of complete SECZ shares on the Solana and Avalanche networks. This initiative aims to expand global access to the company’s shares and enable 24/7 trading, including during periods when the traditional U.S. markets are closed.
As a result, SECZ will continue trading even on Friday, when US stock exchanges will be closed for Independence Day. Securitize has become the first company to launch tokenized shares concurrently with its stock market debut. While other companies have previously issued on-chain versions of their shares, Securitize is unique in initiating this process at the start of trading.
🔥 BIG! @Securitize JUST went public on NYSE with over $300M in tokenized shares! CEO @carlosdomingo also highlights tokenization efforts on both @avax and @solana — Securitize hold the crown as the world largest tokenization platform, with over $4BN in RWA's under management 🇺🇸 pic.twitter.com/5omzi734qH
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) July 2, 2026
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Ondo Tokenizes BlackRock’s IVV S&P 500 ETF and Micron Stock Under SEC Custody Model In other crypto news today, Ondo Finance has launched tokenized versions of BlackRock’s iShares Core S&P 500 ETF (IVV) and Micron stock, following a third-party custody framework outlined by the US Securities and Exchange Commission (SEC) in guidance published in January 2026.
This initiative marks the first time that US-listed securities have been tokenized on a public blockchain while utilizing the existing US capital markets infrastructure, all without direct involvement from the issuers.
In this model, the underlying shares and ETF are stored within the traditional custody system. Oasis Pro TA, an SEC-registered transfer agent, issues tokens that are 1:1 backed by these underlying securities.
The tokens are created on the Ethereum blockchain and held by regulated custodians. Ondo has stated that investors enjoy the same rights as traditional brokerage account holders, which include access to corporate communications and the ability to vote through the ProxyVote platform.
Compliance with transfer restrictions is managed by licensed brokers, transfer agents, and custodians, ensuring all transactions comply with US regulatory requirements.
Ian De Bode, CEO of Ondo Finance, remarked that this launch demonstrates the feasibility of tokenizing securities while conforming to both market infrastructure and regulatory standards.
Ondo Finance And Broadridge Launch Compliant U.S. Tokenized Equities@OndoFinance launches the first U.S.-regulated solution for third-party tokenized securities, in partnership with @Broadridge (NYSE: IVV), offering Micron ($MU) shares on the @Ethereum blockchain while keeping… pic.twitter.com/c0YHlJhpNe
— BSCN (@BSCNews) July 2, 2026
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Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More
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A pseudonymous defendant has moved to dismiss a New York lawsuit seeking ownership of 39,069 dormant Bitcoin addresses, arguing that Bitcoin addresses are merely data strings that cannot be sued.
The defendant, identifying themselves as “John Doe 33,” filed a notice of appearance and motion to dismiss on Thursday, claiming they control one of the dormant wallets named in the lawsuit.
According to the motion, the lawsuit is legally defective because Bitcoin address strings are neither persons nor legal entities subject to the court's jurisdiction. The filing argues that a public Bitcoin address cannot itself be “found” under New York's lost-property law because it has always been publicly visible on the blockchain.
The filing challenges the lawsuit filed in May by plaintiff “Noah Doe” and two Wyoming-based LLCs, ABC Company and XYZ Company. The plaintiffs claim the Bitcoin tied to the listed addresses constitutes abandoned property that they reported to the New York Police Department and claimed under New York lost-property law.
Regardless of how the court rules on ownership, it remains unclear how the plaintiffs could recover any Bitcoin without possessing the private keys needed to access the wallets.
Defendant files a motion to dismiss the case seeking ownership of 39,069 Bitcoin wallets. Source: iapps.court.state.ny.us
The complaint lists 39,069 Bitcoin addresses, including wallet addresses widely associated with Bitcoin creator Satoshi Nakamoto and the Mt. Gox hacker. The listed wallets collectively hold an estimated 3.7 million BTC (worth about $234 billion), according to Sani, founder of Bitcoin analytics platform Timechain Index.
Defendant appears to control $300 million Bitcoin walletBlockchain data suggests that “John Doe 33” controls a wallet holding 5,000 BTC received in April 2014 that has remained untouched for more than 12 years, making it worth more than $300 million at current prices, according to a Friday X post from Galaxy Digital head of research Alex Thorn.
“That's ~100x the median defendant address. This is a real holder with real standing choosing to fight, not a bystander.”
Source: Alex Thorn
Thorn added that the filing prevented what had been a “near-certain” default judgment and challenged jurisdictional and statutory defects in the plaintiffs' case.
The supply of Bitcoin has been dormant for the past five and 10 years. Source: Bitbo
There are currently 3.5 million BTC, worth about $215 billion, that have been dormant for the past 10 years and another 6.6 million coins, worth around $406 billion, that have been dormant for over five years, Bitbo data shows.
Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
A pseudonymous defendant has moved to dismiss a New York lawsuit seeking ownership of 39,069 dormant Bitcoin addresses, arguing that Bitcoin addresses are merely data strings that cannot be sued.
The defendant, identifying themselves as “John Doe 33,” filed a notice of appearance and motion to dismiss on Thursday, claiming they control one of the dormant wallets named in the lawsuit.
According to the motion, the lawsuit is legally defective because Bitcoin address strings are neither persons nor legal entities subject to the court's jurisdiction. The filing argues that a public Bitcoin address cannot itself be “found” under New York's lost-property law because it has always been publicly visible on the blockchain.
The filing challenges the lawsuit filed in May by plaintiff “Noah Doe” and two Wyoming-based LLCs, ABC Company and XYZ Company. The plaintiffs claim the Bitcoin tied to the listed addresses constitutes abandoned property that they reported to the New York Police Department and claimed under New York lost-property law.
Regardless of how the court rules on ownership, it remains unclear how the plaintiffs could recover any Bitcoin without possessing the private keys needed to access the wallets.
Defendant files a motion to dismiss the case seeking ownership of 39,069 Bitcoin wallets. Source: iapps.court.state.ny.us
The complaint lists 39,069 Bitcoin addresses, including wallet addresses widely associated with Bitcoin creator Satoshi Nakamoto and the Mt. Gox hacker. The listed wallets collectively hold an estimated 3.7 million BTC (worth about $234 billion), according to Sani, founder of Bitcoin analytics platform Timechain Index.
Defendant appears to control $300 million Bitcoin walletBlockchain data suggests that “John Doe 33” controls a wallet holding 5,000 BTC received in April 2014 that has remained untouched for more than 12 years, making it worth more than $300 million at current prices, according to a Friday X post from Galaxy Digital head of research Alex Thorn.
“That's ~100x the median defendant address. This is a real holder with real standing choosing to fight, not a bystander.”
Source: Alex Thorn
Thorn added that the filing prevented what had been a “near-certain” default judgment and challenged jurisdictional and statutory defects in the plaintiffs' case.
The supply of Bitcoin has been dormant for the past five and 10 years. Source: Bitbo
There are currently 3.5 million BTC, worth about $215 billion, that have been dormant for the past 10 years and another 6.6 million coins, worth around $406 billion, that have been dormant for over five years, Bitbo data shows.
Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Options markets show crypto traders still feel the need for a lifesaver. (Markus Spiske/Unsplash)Summary
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
With bitcoin BTC$61,899.78 and the broader crypto market showing signs of life, defensive positioning in the market has eased, not disappeared, a sign of continued caution.
This is evident from the BTC and ether (ETH) options markets listed on Deribit, where put options, derivative contracts offering protection against price slides, continue to trade at a premium to calls, or bullish contracts.
Bitcoin's one-week, 25-delta put-call skew, which measures the difference in volatility for puts relative to calls, was around 16%. It showed puts outpacing demand by a 16% vol point premium. That’s still notably elevated, though significantly lower than the 25% of 10 days ago, according to data source Velo.
The one-, three-, and six-month skews also show put premiums of around 10% or more. The same is true for ether.
The message is clear. Downside fears persist, keeping demand for insurance against price declines intact even though BTC long-term holders and ETF investors appear to have returned to accumulation.
Besides, some of the largest block flows in options still point to range-bound positions rather than bullish expectations. Consider block flows, trades that are negotiated over the counter and then listed on the exchange. These typically involve institutions and large traders seeking privacy for their transactions.
According to Laevitas, one of the big flows has been a long call condor on BTC. The strategy involved long positions in July 17 expiry calls at the $64,000 and $70,000 strikes and short positions in the same expiry calls at $66,000 and $68,000. This strategy makes the most money if, on July 17, BTC trades between $66,000 and $68,000.
The U.S. markets are closed Friday on account of the Independence Day weekend. Liquidity is likely to be thin during the extended weekend, which may lead to erratic moves. Stay alert!
Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead."
What’s trendingSecuritize tokenizes $295 million of its own stock on Solana and Avalanche amid NYSE debut (CoinDesk): Securitize (SECZ), a tokenization specialist backed by BlackRock (BLK) and ARK Invest, began trading on the NYSE Thursday, and brought its own shares to blockchain investors.Finally. $221 million flow into Bitcoin ETFs, ending a painful 10-day outflow streak (CoinDesk): Fidelity’s FBTC led the charge with a $165.96 million inflow, followed by ARKB at $91.84 million and HODL at $4.35 million. BlackRock’s IBIT was the outlier with a $40.43 million outflow.World shares rally after Dow hits a record, as some AI shares bounce back (AP): Shares advanced Friday in Europe and Asia after the Dow Jones Industrial Average set another record, as some key AI-related stocks rose while others extended losses. U.S. markets will be closed Friday for the Independence Day holiday.Oil prices stable as US-Iran peace efforts hold (Reuters): Oil prices were steady on Friday as traders held on to hopes that attempts to secure peace in the Middle East between the U.S. and Iran would succeed. Brent futures stood at $71.97 and West Texas Intermediate, $68.71.Today’s signalETH/BTC ratio. (TradingView)The ether-bitcoin (ETH/BTC) ratio is rising again and fast approaching its 100-day simple moving average (SMA).
Here's why that average matters. Since December, the ratio's recovery rallies have run into strong selling pressure around that level. The yellow boxes on the chart show that.
So, as the ratio approaches that average, it's worth paying attention to whether it manages to establish a foothold above the key level. If it does, that could be the strongest signal yet of a bottom and bullish turnaround in ether relative to bitcoin.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals. Meanwhile, analysts suggest that the quarter-end portfolio rebalancing could provide short-term support for Crypto King.
Institutional sell-off continuesInstitutional demand continued to weaken so far this week. SoSoValue data show that spot BTC ETFs recorded an outflow of $526.64 million through Thursday. Unless Friday’s inflows are very significant, BTC is about to mark the eighth week of steady withdrawals. This signals that institutional demand continues to weaken and fails to provide a cushion against falling prices, with the largest cryptocurrency by market capitalization sliding to a 21-month low of $57,800 this week.
Total Bitcoin spot ETF net inflow weekly chart. Source: SoSoValueCryptoQuant’s weekly report highlighted that Bitcoin exchange inflows indicate higher price volatility ahead after total deposits spiked towards 50KBTC in a day, a rare extreme seen only four other times in 2026. On Tuesday, Bitcoin exchange inflows surged to 49K BTC, an extremely high reading that has occurred only four other times this year. Each prior instance was associated with a time of sharply higher price volatility.
The analyst at CryptoQuant further explained that the spike coincides with Bitcoin testing the critical $60,000 support level, which, if breached, could take BTC towards $53,000, the realized price.
“At these inflow levels, the market is absorbing a large volume of Bitcoin being repositioned to exchanges, a pattern that has historically preceded significant directional moves”, added the report.
Bitcoin: Exchange inflow chart. Source: CryptoQuantProgress in US-Iran peace talks boosts BTC recoveryImproving geopolitical sentiment helped lift risk appetite in the latter half of the week, with BTC reclaiming $61,000 and seeing a mild recovery after dropping to a 21-month low of $57,800 on Wednesday.
Qatar’s Foreign Ministry said on Wednesday that the US and Iran had made “positive progress” in indirect talks held in Doha, with discussions advancing issues related to the June ceasefire memorandum.
The spokesperson added that negotiators were “building on the outcomes” of a recent summit in Switzerland, raising hopes for a more durable peace agreement.
US President Donald Trump has echoed these comments, adding that the talks delivered some progress on the possible limits to Iran’s nuclear program and that the “denuclearization of the country is moving along well”. US Vice President JD Vance, on the other hand, said that the nuclear matter will be addressed at a later time.
The next meeting for negotiations will take place after funeral processions for Iran’s late Supreme Leader Ayatollah Ali Khamenei, who is due to be buried on July 9, Qatar’s Foreign Ministry said.
The status of the key Strait of Hormuz, however, remains in the air. Traffic through the corridor has increased significantly, contributing to fuel investors’ optimism, but it remains far from the 160 ships that used to cross the waterway before the conflict started.
Traders should keep an eye on the Middle East’s developments, as the fragile situation continues to pose a risk to market sentiment. Any renewed geopolitical tension between the US and Iran over the weekend could bring fresh selling pressure to risk-sensitive assets such as BTC.
Cooling US employment eases Fed tightening expectationsOn the macroeconomic front, cooling US employment eases Federal Reserve (Fed) tightening expectations, supporting a recovery in risky assets.
Traders scaled back their bets on Fed rate hikes following the release of softer-than-expected US employment data on Thursday. The closely watched US Nonfarm Payrolls (NFP) report showed that the economy added only 57K new jobs in June, compared with the 110K consensus estimate. Moreover, the previous month’s reading was revised down from 172K to 129K, while the Unemployment Rate edged lower to 4.2% in June.
Nevertheless, the crucial data pointed to softening labor conditions and came on top of easing inflation fears amid the recent slump in Crude Oil prices, tempering expectations of higher-for-longer interest rates. In fact, traders shifted expectations from one to two Fed rate increases in 2026 to between zero and one hike. The shift has weighed on the US Dollar (USD), providing support for Bitcoin’s ongoing recovery.
A K33 research report on Tuesday suggests quarter-end portfolio rebalancing could provide short-term support for Bitcoin.
The chart below shows that over the past 18 months, 9 months have seen net ETF flows during the six-day window surrounding month-end (three trading days before and three trading days after month-end) diverge materially from the prevailing trend during the rest of the month.
“In several of these cases, months in which Bitcoin underperformed the S&P 500 were followed by stronger ETF inflows around month-end and into the start of the following month,” said K33 Research analyst.
The analyst further explained that this behavior is consistent with portfolio rebalancing, as investors may increase their Bitcoin exposure after periods of relative underperformance to restore target asset allocations. However, the relationship has not been universal. The remaining nine months in the sample did not exhibit the same pattern, indicating that portfolio rebalancing is not a persistent driver of Bitcoin ETF flows and likely represents just one of several factors influencing institutional demand.
Meanwhile, the trend has become more consistent over the past four quarters. If this pattern continues, quarter-end portfolio rebalancing could provide a much-needed tailwind for Bitcoin, potentially supporting a short-term recovery during the first few trading days of July.
Bitcoin monthly returns relative to SPX vs ETF flows +-3 days from month end chart. Source: K33 ResearchRyan Lee, Chief Analyst at Bitget, told Fxstreet that “Quarter-end portfolio rebalancing may create short-term trading activity, but it is unlikely to be the catalyst that changes Bitcoin's broader trend. With Bitcoin trading between $58,000-$62,000 following a roughly 14% decline in Q2, the market continues to face pressure from persistent spot ETF outflows and softer institutional demand. While portfolio adjustments can generate opportunistic buying when crypto allocations fall below target weights, Bitcoin's next meaningful move will depend more on ETF flows, macroeconomic data and broader risk sentiment.”
However, in an exclusive interview, Dean Chen, an analyst at Bitunix Exchange, believes quarter-end rebalancing is unlikely to serve as a meaningful bullish catalyst for Bitcoin.
According to Chen, the process is better viewed as a short-term liquidity redistribution mechanism rather than a source of fresh capital entering the market.
He explained that in a market that has been in a sustained downtrend, quarter-end flows can move in either direction. Some portfolios may mechanically rebalance into underweighted risk assets, creating short-term demand. At the same time, others may reduce exposure due to risk compression and de-leveraging.
As a result, Chen argues that quarter-end rebalancing tends to amplify short-term volatility rather than establish a clear directional trend. “Quarter-end rebalancing does not create new capital. It only reshuffles existing exposure, making it a timing effect rather than a trend driver,” he said.
In Chen’s view, quarter-end portfolio adjustments should be regarded as short-term market noise rather than a structural catalyst capable of changing Bitcoin’s broader price trajectory.
Technical outlook: Is BTC bottoming?Bitcoin recovered over 3%, trading above $61,800 on Friday after finding support around the ascending trendline (drawn by connecting multiple lows since January 2023) earlier this week. Meanwhile, the Crypto King has dropped to a new yearly low of $57,800, the lowest level since September 2024, during the same week.
If BTC continues to hold this ascending trendline support roughly around $58,000, it could extend the recovery toward the 200-week Simple Moving Average (SMA) at $62,652. A successful weekly close above this level could extend gains toward the 78.60% Fibonacci retracement level at $65,520 (drawn from the August 2024 low of $49,000 to the October 2025 record high at $126,199).
Momentum indicators on the weekly chart show signs of concern: the Relative Strength Index (RSI) is trending lower and nearing oversold territory, with a reading of 35 on Friday. Meanwhile, the Moving Average Convergence Divergence (MACD) flipped to a bearish crossover on June 22, and the bearish signal remains intact, supporting a negative outlook.
However, if BTC closes below the ascending trendline support, roughly around $58,000 on a weekly basis, it could extend the losses toward the next weekly support at $55,777.
BTC/USDT weekly chartOn the daily chart, BTC reclaims $61,300 on Friday, after rebounding from a 21-month low of $57,800 earlier this week. However, BTC maintains a bearish bias, as it decisively remains below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) at $66,028, $69,826, and $75,782, respectively.
The Relative Strength Index (RSI) at 44 stays below the midline, hinting at subdued buying pressure, while the Moving Average Convergence Divergence (MACD) shows a positive reading with the MACD line above its signal and above zero, indicating improving but still insufficient momentum to challenge the prevailing overhead supply.
On the topside, initial resistance appears near the horizontal barrier at $64,004, ahead of the 50-day EMA at $66,028, which reinforces a wider cap zone for any bounce. Further up, the 100-day EMA at $69,826 and the 200-day EMA at $75,782 align as successive resistance levels before the more distant horizontal level at $84,410.
On the downside, a failure to reclaim the $64,000 area would leave BTC vulnerable to renewed pressure targeting the key psychological level at $55,000.
BTC/USDT daily chart(The technical analysis of this story was written with the help of an AI tool.)
Bitcoin, altcoins, stablecoins FAQs Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.
Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.
Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.
Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.
Bitcoin (BTC) has added another bear-market bottom signal this month as analysis draws comparisons to November 2022.
Key points:
Bitcoin adds to its list of bear-market bottom signals with a key supply ratio "buy" trigger.A bear-market floor could still be some time off, analysis says, with supply held at a loss still relatively low.Demand is the missing piece of the puzzle to shore up a bullish rebound.Bitcoin profit metric echoes 2022 bear-market bottom zoneIn a blog post on Friday, crypto analyst Axel Adler Jr., a contributor to onchain analytics platform CryptoQuant, confirmed the return of a key Bitcoin buy signal.
Advanced Net UTXO Supply Ratio, which measures the proportion of the BTC supply which last moved in profit or loss, is back in negative territory for the first time in nearly four years.
“The ratio dropped into deeply negative territory and then crossed back above the signal threshold on the rebound, which caused the model to print BUY on several sessions in late June and early July,” Adler wrote.
“This is the first buy trigger since November 2022, which was the bottom of the previous bear cycle.”Bitcoin Advanced Net UTXO Supply Ratio. Source: CryptoQuant
UTXO Supply Ratio cues do not imply that a macro bottom has arrived, but occur “near cyclical lows.”
“Confirmation would be the ratio holding above zero together with rising price. The negative scenario is a move back into negative territory without price support,” Adler explained.
A missing piece of the puzzle involves supply being held at a loss, which has not yet reached the levels seen during previous bear markets.
Adler forecast that the 90-day simple moving average (SMA) of supply in loss should hit its bear-market reversal target within two months.
“Until then, it is more accurate to treat capitulation as a process rather than a completed fact,” he continued.
Bitcoin supply in loss. Source: CryptoQuant
Signals will not "stop BTC from going lower"On the topic of UTXO Supply, fellow CryptoQuant contributor Darkfost also eyed a potential market inflection point this week.
“Since it depends on the profit and loss of UTXOs, it can very well signal something during either a sharp drop or a sharp rise. That said, in terms of cyclicality, it wouldn’t be inconsistent to think that the end of this bear market could be approaching,” he wrote in a Quicktake blog post on Wednesday.
“This won’t stop BTC from going lower, but we now have several signals pointing to seller exhaustion. The next step is a renewal of demand, and that could take some time.”As Cointelegraph reported, BTC price expectations tend to favor a bear-market bottom coming in Q3 or later.
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
U.S. spot bitcoin ETFs saw a record $4.06 billion in outflows in June, pushing them negative for 2026 before a modest $221 million inflow on Thursday.Large bitcoin holders, or whales, accumulated more than 270,000 BTC ($16.7 billion) over the past two weeks even as U.S. spot demand remained weak, a pattern often seen near market cycle lows.While most major cryptocurrencies have slumped alongside bitcoin, Solana has gained about 15% since early June, whereas some Ethereum Layer 2 tokens have sunk to record lows amid shifting technology and fee dynamics.The next U.S. inflation reading, following a hot 4.2% May print, is seen as crucial for the Federal Reserve’s rate path and could reshape the pressure that has weighed on bitcoin this month.Large bitcoin holders bought more than 270,000 bitcoin BTC$61,899.78 ($16.7 billion) over the past two weeks, stepping in as U.S. institutions pulled money out at a record pace.
U.S. spot bitcoin exchange-traded funds (ETFs) shed $4.06 billion in June, their worst month since listing, past the previous record of $3.56 billion set in February 2025.
The outflows pushed the funds into the red for 2026 as a whole for the first time, and these products finally recorded a $221 million inflow on Thursday.
Large wallets, often called whales, went the other way, analysts at crypto exchange Bitfinex shared with CoinDesk in a Friday note. They added more than 270,000 BTC over two weeks while the spot premium, a gauge of how hard U.S. buyers are bidding, stayed negative, meaning the buying was not coming from spot desks.
Institutions selling and large holders accumulating at the same time is the pattern that has shown up near past cycle lows, where long-term holders take coins off sellers before any recovery reaches the price.
Solana is the exception among the majors. SOL has risen about 15% since early June, even as bitcoin touched 21-month lows, helped by protocol upgrades and a jump in onchain transfers of tokenized real-world assets, which rose 120% to $8.53 billion.
Bitfinex analysts called the split a "familiar one," with alts tending to sell off first and recover first.
Not every alt fits that read, however. Optimism and other layer-2 tokens, networks built to take load off Ethereum, are trading near record lows after Base, Coinbase's network, dropped Optimism's shared technology, removing the fee-capture argument that propped up their value.
The next inflation reading is the pivot from here. May inflation ran hot at 4.2%, but Warsh's comment at the ECB's Sintra forum that inflation risks have eased already gave risk assets a small lift. A softer print would start to shift the rate-path story that has weighed on bitcoin all month, ahead of the Fed's next meeting.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
In brief U.S. spot Bitcoin ETFs took in $221.7 million on Thursday, their biggest daily inflow in about two months, ending a 10-day outflow streak. The streak pulled some $2.7 billion from the funds and capped June, the worst month on record for the products, with about $4.5 billion in outflows. Fidelity's FBTC led with $166 million, while BlackRock's IBIT bucked the trend with a $40 million outflow. U.S. spot Bitcoin ETFs returned to net inflows on Thursday, snapping a 10-day losing streak, as a weak jobs report and softer signals from the Federal Reserve eased pressure on risk assets.
The funds pulled in $221.7 million, their largest daily haul in about two months, according to data from SoSoValue. Fidelity's FBTC led with $166 million, followed by ARKB at $91.8 million and VanEck's HODL at $4.4 million. BlackRock's IBIT was the exception, shedding $40.4 million to extend a losing run dating to mid-June.
The inflow ended a stretch that drained about $2.7 billion from the funds and closed out a miserable June, the worst month on record for U.S. spot Bitcoin ETFs, which bled around $4.5 billion. Bitcoin, which fell to a 21-month low below $58,000 earlier in the week, had since climbed back above $61,000, per CoinGecko data.
Rate fears easeThe catalyst was a softer read on the U.S. economy and a shift in tone at the Fed. The government's June jobs report showed just 57,000 nonfarm payrolls added, well below the roughly 110,000 forecast, while Fed Chair Kevin Warsh signaled that inflation risks had eased, cooling bets on further rate hikes and pulling the dollar back.
Warsh's comments "improved overall market sentiment," driving inflows to Bitcoin ETFs and sparking Bitcoin's rebound over $61,000, Andri Fauzan Adziima, research lead at Bitrue Research Institute, told Decrypt. Adziima added that "the same positive shift is now supporting renewed flows into Ethereum ETFs as well," with the products posting inflows of $14.9 million Wednesday and $29.1 million Thursday, per SoSoValue.
Tim Sun, senior researcher at HashKey, tied the turn to "the marginal shift in interest rate expectations." Persistent outflows, he said, had reflected the market's "pricing-in of further rate hikes," which lifted the dollar and real yields against non-yielding Bitcoin, while the weak payrolls print has been "weakening the market's anticipation of further rate hikes."
Not a reversal yetSun cautioned that the bounce is "only a temporary recovery after the easing of interest rate pressure” with a trend reversal as yet unconfirmed. Bitcoin's path is still "constrained by changes in the U.S. dollar, real interest rates, and Federal Reserve policies," he added.
Stephen Wundke, strategy and revenue director at Algoz Technologies, saw bargain-hunters buying oversold assets after a flight to safety that hit even gold, with investors crowding into Treasury bills. Falling five-year yields and oil prices, he added, signal inflation coming back under control, while those investors “looking for a BTC bottom or recognising oversold assets started to bottom fish.” Bitcoin may "bounce around the bottom for a few more weeks," he said, "but the direction of travel is clear to see."
On prediction market Myraid, owned by Decrypt's parent company Dastan, users remain bearish on that direction. They put the chances of Bitcoin's next move taking it to $55,000 rather than $84,000 at 74%, roughly the same as a week ago.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief U.S. spot Bitcoin ETFs took in $221.7 million on Thursday, their biggest daily inflow in about two months, ending a 10-day outflow streak. The streak pulled some $2.7 billion from the funds and capped June, the worst month on record for the products, with about $4.5 billion in outflows. Fidelity's FBTC led with $166 million, while BlackRock's IBIT bucked the trend with a $40 million outflow. U.S. spot Bitcoin ETFs returned to net inflows on Thursday, snapping a 10-day losing streak, as a weak jobs report and softer signals from the Federal Reserve eased pressure on risk assets.
The funds pulled in $221.7 million, their largest daily haul in about two months, according to data from SoSoValue. Fidelity's FBTC led with $166 million, followed by ARKB at $91.8 million and VanEck's HODL at $4.4 million. BlackRock's IBIT was the exception, shedding $40.4 million to extend a losing run dating to mid-June.
The inflow ended a stretch that drained about $2.7 billion from the funds and closed out a miserable June, the worst month on record for U.S. spot Bitcoin ETFs, which bled around $4.5 billion. Bitcoin, which fell to a 21-month low below $58,000 earlier in the week, had since climbed back above $61,000, per CoinGecko data.
Rate fears easeThe catalyst was a softer read on the U.S. economy and a shift in tone at the Fed. The government's June jobs report showed just 57,000 nonfarm payrolls added, well below the roughly 110,000 forecast, while Fed Chair Kevin Warsh signaled that inflation risks had eased, cooling bets on further rate hikes and pulling the dollar back.
Warsh's comments "improved overall market sentiment," driving inflows to Bitcoin ETFs and sparking Bitcoin's rebound over $61,000, Andri Fauzan Adziima, research lead at Bitrue Research Institute, told Decrypt. Adziima added that "the same positive shift is now supporting renewed flows into Ethereum ETFs as well," with the products posting inflows of $14.9 million Wednesday and $29.1 million Thursday, per SoSoValue.
Tim Sun, senior researcher at HashKey, tied the turn to "the marginal shift in interest rate expectations." Persistent outflows, he said, had reflected the market's "pricing-in of further rate hikes," which lifted the dollar and real yields against non-yielding Bitcoin, while the weak payrolls print has been "weakening the market's anticipation of further rate hikes."
Not a reversal yetSun cautioned that the bounce is "only a temporary recovery after the easing of interest rate pressure” with a trend reversal as yet unconfirmed. Bitcoin's path is still "constrained by changes in the U.S. dollar, real interest rates, and Federal Reserve policies," he added.
Stephen Wundke, strategy and revenue director at Algoz Technologies, saw bargain-hunters buying oversold assets after a flight to safety that hit even gold, with investors crowding into Treasury bills. Falling five-year yields and oil prices, he added, signal inflation coming back under control, while those investors “looking for a BTC bottom or recognising oversold assets started to bottom fish.” Bitcoin may "bounce around the bottom for a few more weeks," he said, "but the direction of travel is clear to see."
On prediction market Myraid, owned by Decrypt's parent company Dastan, users remain bearish on that direction. They put the chances of Bitcoin's next move taking it to $55,000 rather than $84,000 at 74%, roughly the same as a week ago.
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TLDRTrusts Handle AssetsCritics Target Meme CoinsGet 3 Free Stock Ebooks Donald Trump defended his family’s crypto income and said the ventures involved nothing illegal. Federal disclosures showed major earnings from WLFI, meme coins, and Bitcoin holdings. Trump said trusts, his sons, and outside firms manage his assets. The White House rejected claims that Trump’s crypto income created a public conflict. Peter Schiff claimed Trump-linked tokens allowed buyers to seek political influence. Donald Trump defended his family’s crypto income after disclosures showed gains in office. Donald Trump told CNBC that the earnings raised no legal problem. The remarks renewed scrutiny over crypto ventures tied to presidential power.
Donald Trump faced questions after a filing detailed crypto income and revenue. The document showed over $2.2 billion in 2025 income. However, crypto ventures formed the bulk of the windfall.
The filing listed $594 million from World Liberty Financial and $636 million from Trump meme coin sales. It also reported over $50 million in Bitcoin holdings. Therefore, critics linked the figures to public office and private profit.
Trusts Handle Assets Donald Trump said he did not know details about the crypto activity. He added, “There’s nothing illegal, there’s nothing wrong with it.” He also said he could know about the businesses if required.
Donald Trump said trusts and outside firms manage his assets. He named Eric Trump and Donald Trump Jr. in oversight. Yet he said he avoids investment talks with them.
Donald Trump argued that his children still have business lives. He said, “I tell my kids: stay away from as much as you can.” However, he added that any family deal could draw claims.
Critics Target Meme Coins Donald Trump also defended crypto as strategic for the United States. He said China would take the sector if America stepped back. He added that the United States now leads crypto.
The White House rejected conflict claims after disclosure became public. It said Donald Trump and his family avoided conduct against public interest. Still, the statement did not end criticism.
Peter Schiff argued that buyers sought access rather than investment returns. He called the tokens “a way to bribe the president.” Meanwhile, Donald Trump continued to deny wrongdoing over earnings.
TLDR Bitcoin whales bought more than 270,000 BTC worth about $16.7 billion over the past two weeks. U.S. spot Bitcoin ETFs recorded $4.06 billion in June outflows, marking their worst month since launch. The ETF outflows pushed 2026 flows negative before the funds recorded a $221 million inflow on Thursday. Bitfinex analysts said whale accumulation and institutional selling have appeared near past Bitcoin cycle lows. Solana outperformed major crypto assets after rising about 15% since early June. Bitcoin whales bought $16.7 billion in BTC during two weeks, even as U.S. spot Bitcoin ETFs lost $4.06 billion in June. The record ETF bleed pushed 2026 flows negative, but Thursday brought a $221 million inflow. Therefore, the market showed a clear split between institutional selling and whale accumulation.
Bitcoin Whales Absorb ETF Selling Pressure Bitcoin whales added more than 270,000 BTC over two weeks, according to Bitfinex analysts. Bitcoin whales bought while U.S. funds faced their worst month since launch. The buying reached about $16.7 billion at Bitcoin’s $62,055 price.
Bitcoin whales moved against the ETF trend as spot demand stayed weak. Bitfinex said the spot premium remained negative during the buying period. That signal showed U.S. spot desks did not drive the accumulation.
Bitcoin whales often accumulate when weaker holders sell near cycle lows. Bitcoin whales also reduce liquid supply when they move coins into long-term wallets. However, ETF outflows showed institutions still cut exposure during June.
Solana Gains While Bitcoin Whales Build Positions Solana moved in the opposite direction from most large crypto assets. SOL rose about 15% since early June despite Bitcoin hitting 21-month lows. The token gained support from upgrades and stronger network activity.
Tokenized real-world asset transfers on Solana rose 120% to $8.53 billion. That growth helped SOL outperform while Bitcoin whales focused on BTC accumulation. Bitfinex analysts called the market split a “familiar one.”
They said altcoins often fall before Bitcoin and recover before Bitcoin. Still, Bitcoin whales kept their attention on BTC during the ETF selloff. The pattern showed different groups taking different risks across crypto markets.
Optimism Falls as Bitcoin Whales Signal Market Stress Optimism and other layer-2 tokens traded near record lows. Base dropped Optimism’s shared technology, and that move weakened the fee-capture case. As a result, traders reduced exposure to several Ethereum scaling tokens.
Meanwhile, Bitcoin whales continued to absorb supply from sellers. Bitcoin whales created a sharp contrast with institutions that exited ETFs. Bitcoin whales have shown similar behavior near past recovery phases.
The next U.S. inflation reading now carries major weight for crypto markets. May inflation reached 4.2%, although Kevin Warsh said inflation risks had eased. A softer print could change rate expectations before the Fed meeting.
Bitcoin has been under intense selling pressure for weeks. However, this eased yesterday when Bitcoin briefly rose to a daily high of $62,200 on Binance.
BTC is currently trading around $61,600, having gained 2% today and 3% over the past seven days.
While it remains to be seen whether the rise in BTC will continue, the analysis company Tiger Research has stated that they expect an uptrend for Bitcoin.
In their latest report, Tiger Research analysts stated that Bitcoin and the market have entered the final phase of the current downtrend, thus strengthening the bullish outlook for Bitcoin.
“When we look at Bitcoin from a cyclical perspective, we have a more positive outlook.”
In our view, the bottom hasn’t been reached yet, but it’s likely that Bitcoin has entered the final quarter of its current bear market.”
Analysts also noted that much of the selling pressure on BTC has already been absorbed and that further declines are possible but would be limited.
Finally, Tiger Research notes that further liquidations are still possible, but these will occur in the final phase of the cycle. They also add that the next surge will be driven by improved liquidity, broader corporate adoption, and increased monetary demand.
“A final wave of liquidation is still possible, but the remaining downside risk increasingly appears to be a decline reminiscent of the final phase of the bear market; the upside potential lies in the next full cycle of liquidity recovery, corporate allocation, and monetary premium expansion.”
*This is not investment advice.
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Catherine Austin Fitts, former Assistant Secretary of Housing and Urban Development and one of the most outspoken critics of central financial control systems, has made her position on Ripple and XRP unusually clear: she believes they are central to the financial infrastructure being built right now, while Bitcoin is not.
“XRP and Ripple will be exceptionally important to whatever the train tracks they’re building,” Fitts said in a recent interview. “I don’t see Bitcoin as being an important part of that.”
Why Ripple and Not Bitcoin
Fitts drew a sharp distinction between Bitcoin’s role as a digital asset and XRP’s role as functional payment infrastructure. Her argument is not ideological but practical. Bitcoin, in her view, is not an efficient payment system and lacks the fundamental utility required for the cross-border settlement rails that financial institutions are rapidly building out.
She pointed to institutions actively integrating networks through Ripple and Stellar, using XRP and XLM for cross-border payments, as evidence that the choice of infrastructure has already been made at the institutional level. The question is not which asset wins the debate. The question is which asset gets embedded into the system that moves money globally.
The Prototype Theory
Fitts also offered a broader framework for understanding how financial infrastructure gets built, one shaped by decades of watching how powerful institutions develop and deploy new systems.
Her observation is that the people who run financial systems always prototype. They test, iterate and build incrementally, often persuading talented developers to contribute by framing the project as something liberating rather than controlling. By the time the full picture becomes clear, the infrastructure is already embedded.
In that context, her view of Bitcoin is particularly pointed. She suggested the more likely scenario for Bitcoin going forward is that it gets sold to sovereign governments as the institutional whales who got in early look for an exit, rather than becoming foundational infrastructure for the next financial system.
XRP, by contrast, is already doing the work that the next financial system requires: moving value across borders quickly, cheaply and at institutional scale.
Story Ends Here
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XRP Price hovered above $1.10 on Thursday after gaining 3.62% in 24 hours. The move came as traders watched the upcoming Senate vote on the CLARITY Act. Wider market strength also supported demand, with crypto value rising 1.46% to $2.14 trillion.
XRP Price Holds $1.10 as Market Recovery Expands The XRP price remained strong at around $1.10 with buyers reentering the top digital assets. The shift was after a larger recovery after recent selling undermined confidence.
Bitcoin price surged over $61,800, contributing to the renewed altcoin demand. Ethereum price rose 5%, while Solana, Cardano, and Dogecoin recovered.
The overall crypto market increased 1.46 percent in 24 hours to reach 2.14 trillion. In the case of XRP, a firm grip above 1.10 is significant.
An upsurge above this point would boost the movement towards $1.15. Inability to hold it can continue to restrain price action.
CLARITY Act Gains Law Enforcement Support The CLARITY Act gained its first major law enforcement endorsement from NOBLE. The group backed the Digital Asset Market Clarity Act in a letter.
The endorsement was endorsed on July 2 by journalist Eleanor Terrett via X. She has mentioned a letter that was addressed to John Thune and Chuck Schumer.
🚨NEWS: The National Organization of Black Law Enforcement Executives (NOBLE) has endorsed the Clarity Act, becoming the first major law enforcement organization to publicly support the legislation, which includes the Blockchain Regulatory Certainty Act (BRCA).
In a letter to… pic.twitter.com/j48csWyxVW
— Eleanor Terrett (@EleanorTerrett) July 2, 2026
NOBLE claimed that the bill had the potential to provide the law enforcement with new tools. The current criminal powers would also be left.
The support of the police and prosecutor groups in opposition to Section 604 is challenged. Nevertheless, the bill requires Senate floor and 60 votes.
XRP Spot ETFs Record $6.55M Inflows as Bitcoin ETFs End Outflow Streak XRP spot ETFs recorded $6.55 million in daily net inflows on July 2, as ETF demand improved. The cumulative net inflows amounted to 1.49 billion and total net assets were 987.91 million. Value trading between listed XRP funds topped at $12.74 million.
Source: Sosovalue data Bitwise dominated the market with fresh inflows of $6.55 million and assets of 312.71 million. The action followed Bitcoin spot ETFs inflows of $222 million following 10 days of outflows. Etherum spot ETFs contributed to broader crypto sentiment by adding $29.08 million. The statistics represented fresh zeal among digital asset funds.
XRP Price Eyes $1.20 as Rising Channel Breakout Gains Strength The XRP price soared to $1.1036 on the four-hour chart, extending its short-term recovery.
XRP price move within an ascending channel following a display of defense by buyers of the lower range of $1.00. The move depicts better demand following the previous weakness close to $1.06.
The XRP price now faces immediate resistance near $1.15. Breaking out higher than that would give way to $1.20.
The RSI is at a level of about 64.99 with a more superior buying pressure without going to extreme levels. Meanwhile, the CMF at 0.09 signals mild capital inflows.
Source: Tradingview In case momentum continues to gain, the XRP price can reach the $1.25-1.30 range. The region was a former rejection area on the graph.
However, the $1.10 level remains important for bulls. The decline below this level would drag XRP to the level of $1.08 and $1.06.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Growing optimism around XRP ETF developments is driving interest in early-yield strategies, with EX DeFi gaining attention alongside cloud mining infrastructure.
Summary
Rising optimism over XRP ETF inflows is boosting interest in cloud mining platforms such as EX DeFi. The platform highlights its cloud mining services as growing XRP ETF optimism draws attention to crypto infrastructure. EX DeFi positions its cloud mining platform to benefit from renewed market interest following XRP ETF developments. The optimism surrounding XRP ETF inflows is driving investors towards early-yield strategies, and the potential opportunities presented by cloud mining and related infrastructure are also drawing market attention to the EX DeFi platform.
Discussions about the “next cryptocurrency breakthrough” are intensifying, with XRP (Ripple) once again becoming a focal point in the cryptocurrency industry.
Recently, market sentiment has improved as progress on the XRP ETF has continued. Industry insiders believe that the continued rollout of compliant investment products is expected to further increase institutional investor participation and bring more market attention to mainstream digital assets like XRP. Meanwhile, ecosystem development, improved liquidity, and infrastructure growth are also crucial factors driving the industry’s long-term growth.
Several market research institutions point out that if the XRP ETF can continue to attract institutional funds, its impact could be similar to the positive effects of early Bitcoin ETF launches. However, market performance will still be influenced by various factors, including the macroeconomic environment, regulatory policies, and investor risk appetite, and future trends remain uncertain.
Against this backdrop, EX DeFi, as a digital asset service platform, offers cloud mining solutions, allowing users to participate in mining without deploying specialized equipment. As the market continues to develop, this more convenient and efficient participation model is gradually becoming a focus of industry attention.
Why EX DeFi has become more popular after the XRP ETF listing EX DeFi was one of the fastest-growing cloud mining platforms in 2026, renowned for its green energy-powered mining farms, transparent computing power, and compliant architecture. No mining rigs, equipment maintenance, or technical expertise are required; you simply purchase a computing power contract to start mining.
EX DeFi is incorporated in the UK and regulated by regulatory bodies. The company employs international security systems such as McAfee® and Cloudflare®, and 2FA verification to provide bank-grade protection for customer funds and data. All yield is processed in real-time through smart contracts, ensuring transparency and traceability. The platform currently serves users in over 180 countries and is supported and trusted by 2 million investors worldwide.
How EX DeFi ensures the safety of customer funds Fund security has always been a crucial foundation of the EX DeFi platform. To further protect user assets and account security, the platform has established a multi-layered security protection system covering asset storage, risk control, cybersecurity, and compliance management.
Regarding asset storage, the platform employs a cold and hot wallet separation management mechanism. Over 80% of users’ digital assets are stored in offline cold wallets, physically isolated from the internet to reduce potential cyberattack risks. Simultaneously, the platform’s digital assets are insured by Lloyd’s of London, adding an extra layer of protection for user assets.
In terms of risk management, EX DeFi has introduced an intelligent risk control system to monitor transaction behavior in real time, promptly identifying abnormal transactions, suspicious fund flows, and potential risks, further enhancing the platform’s overall security management capabilities.
Furthermore, the platform regularly undergoes security and compliance audits by PwC, which independently assesses operational processes and fund management, continuously improving transparency and traceability. Regarding cybersecurity, EX DeFi combines Cloudflare enterprise-grade network protection with McAfee security protection systems to provide 24/7 system security protection for the platform, continuously optimizing the digital asset security management environment for global users.
How to Earn Daily Yields with EX DeFi EX DeFi is easy to use; simply follow these four steps to earn daily mining rewards:
1. Register an Account
Visit the official EX DeFi website and register for free using an email address. New users receive a $17 bonus.
2. Deposit Cryptocurrency
Supports a variety of mainstream cryptocurrencies, such as XRP, BTC, ETH, BNB, USDT, LTC, USDC, BCH, DOGE, and SOL. The deposit process is clear, convenient, transparent, and secure.
3. Choose a Mining Contract
Choose a mining yield plan that suits a particular budget. The minimum deposit is only $100. Smart automatic mining will be enabled after system activation.
4. Automatically Receive Daily Rewards
The platform provides 24/7 smart mining services and automatically distributes daily rewards. Users can easily earn passive income without any manual operation.
EX DeFi Popular Yield Plans
BTC (Beginner Trial Contract): $100 | Term: 2 days | Daily Yield: $4 | Total Yield: $100 + $8
DOGE/LTC (Goldshell Mini DOGE Pro): $500 | Term: 6 days | Daily Yield: $6.5 | Total Yield: $500 + $39
DOGE (Goldshell-LT6): $2500 | Term: 15 days | Daily Yield: $35 | Total Yield: $2500 + $525
BTC (Bitmain-S19): $7000 | Term: 25 days | Daily Yield: $107.8 | Total Yield: $7000 + $2695
BTC (Whats-M56): $30000 | Term: 33 days | Daily Yield: $501 | Total Yield: $30000 + $16533 USD
For details on mining contracts, please visit the EX DeFi website.
Conclusion As the digital asset market continues to develop, the launch of the XRP ETF is seen by many market participants as a significant milestone in the industry’s development, further increasing market attention to the digital asset ecosystem. For investors, while focusing on market opportunities, a greater emphasis on long-term planning, risk management, and diversified participation methods is gradually becoming a new investment trend.
Against this backdrop, EX DeFi provides users with a more convenient way to participate through cloud mining infrastructure and digital asset services. As the industry continues to evolve, the platform will continue to improve its product and service systems to help users participate in the digital asset ecosystem more efficiently and seize long-term market opportunities.
Visit the EX DeFi official website to start the cloud mining journey and earn up to $7,000 daily.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Crypto market recovery signs are flashing amid July seasonality and rising liquidity. Bitcoin (BTC), Ethereum (ETH), and XRP prices have already rebounded significantly ahead of options expiry today.
BTC price has surged more than 6% to $62K since CoinGape predicted bullish crypto market reset for recovery last week. Over the last 24 hours, the crypto market saw nearly $300 million in short liquidations after US nonfarm payrolls came below expectations.
Over $2.2 Billion in Bitcoin, ETH, XRP Options Expiry Today According to Deribit data, $1.9 billion in Bitcoin options with a put/call ratio of 0.70 are expiring today, July 3. The max pain price is $61,000, below the current $61,626 market price.
Deribit data shows a higher probability of expiring above $61,500 strike price. Moreover, options traders are betting on $64K, $66K and $70K call options for upcoming weekly and monthly expiries.
In the last 24 hours, call options trading volume is higher than put options and has a bullish put/call ratio of 0.75. Falling implied volume and rising 25-delta skew indicate a transition from panic to stability, signaling a potential crypto market recovery.
Bitcoin Options Open Interest. Source: Deribit Meanwhile, $230 million in ETH options to expire today, with a put/call ratio of 1.29. However, the put/call ratio has decreased to 1 as bulls open calls for a $2,500 strike price in September.
The max pain price is $1650, below the current Ethereum price of $1713. Deribit data shows a 91% odds of Ethereum expiring above $1700.
ETH Options Expiry. Source: Deribit XRP options of notional value $3.7 million are set to expire today, with a put/call ratio of 1.06. The max pain price is $1.06, with Deribit data suggesting a $1.14 target by July-end amid broader crypto market recovery.
XRP price is currently trading at $1.10, up 5% over the past 24 hours. The recovery followed US jobs data that raised hopes of a Fed rate cut.
XRP Options Expiry Analysts Predict Crypto Market Recovery Bitcoin price is trading above the 7-day moving average, but still below the 30-day moving average. 10x Research pointed out that heavy supply pressure mounted when the Winklevoss Twins transferred Bitcoin and ETH worth $67 million to Gemini crypto exchange to secure profits.
However, a sudden buying spree by long-term holders helped establish a firm price floor. This happened after Fed Chair Kevin Warsh declined to signal imminent interest rate hikes.
Bitcoin July Seasonality. Source: 10x Research Markus Thielen from 10x Research said “July has historically been Bitcoin’s strongest month, averaging +9.1% returns, before the market typically flattens out through August and September.”
The latest Bitcoin rebound from $58K to nearly $62K comes amid support from derivatives traders. BTC, ETH, and XRP futures open interest have climbed massively in the past 24 hours.
Analyst Cheds Trading noted Bitcoin price recovery, but warned about a hidden bearish divergence with RSI on the daily timeframe. Bitcoin price faces local resistance at the $62.5K zone, which is near the key 200-week moving average.
Bitcoin Hidden Bearish Divergence with RSI. Source: Cheds Trading
The Friday expiry session delivered a clear split between Bitcoin and Ether derivatives positioning. A combined $2.13 billion in options notional value settled as 31,000 BTC contracts and 135,000 ETH contracts matured, but the underlying sentiment metrics told two very different stories, according to the market update from WuBlockchain.
Bitcoin’s put-call ratio came in at 0.70, meaning roughly 10 put contracts expired for every 14 calls. A reading below 1 typically signals that traders favored upside exposure, either through outright calls or protective strategies sold into strength. The $1.9 billion in notional value also set the stage for a non-trivial delta hedging unwind as the settlement window closed.
Ether, by contrast, printed a put-call ratio of 1.29. More puts than calls pointed toward a market bracing for downside or hedging aggressively. The $230 million in ETH options notional was a fraction of the Bitcoin tally, but the direction of the ratio was unmistakably cautious. Maximum pain for Ether sat at $1,650—a level that would leave the bulk of open interest worthless and that has historically acted as a magnet during expiry hours.
Bitcoin’s own max pain point was $61,000. When spot prices gravitate toward that strike, options sellers—often market makers—collect premium with minimal payout obligations. Whether the week’s price action respected those gravitational pulls is the kind of detail that matters for desk traders recalibrating gamma exposure. The data alone cannot confirm a direct cause, but the dynamic is well understood by platforms that track weekly expiries.
The divergence between the two largest crypto assets by market cap isn’t happenstance. Bitcoin has been absorbing institutional flows for months, with open interest on Deribit and CME reflecting a market that is increasingly about macro hedging rather than pure speculation. Ether, on the other hand, deals with a more complex narrative: staking yields, Layer-2 fee reduction pressures, and ongoing debates about its monetary premium. The higher put-call ratio may simply reflect a structural need to hedge these moving parts.
That backdrop makes the options data a useful snapshot, not a prophecy. Some altcoin movers ignored any cautious signals, with names like TON, SIREN, and VVV booking large weekly gains during the same window. It’s a reminder that options flow on the majors captures only part of the market’s risk appetite.
What remains uncertain is whether the ETH put dominance will translate into spot pressure or was simply a one-week hedge against an event that didn’t materialize. Post-expiry, the options market resets, and flows rebuild. If the max pain theory held, Ether may have spent the session pinned near $1,650, but the clearing of that concentration also frees up directional bets for the following week.
Longer-term, the expansion of the options market continues to alter how crypto trades. The tokenization of real-world assets, for one, has drawn institutional eyes toward on-chain yields, with RWAs crossing $20 billion in recent weeks. When capital allocators can earn yield on tokenized Treasuries or private credit, their options positioning on BTC and ETH becomes more nuanced. A put isn’t just a short bet; it’s part of a larger portfolio construction puzzle.
Underneath the derivatives surface, network fundamentals haven’t stood still either. The chains that dominate developer mindshare—Ethereum, BNB Chain, Polygon, Solana—continue to see robust activity, as highlighted by this week’s developer activity rankings. That kind of sustained building gives the options market something genuine to hedge.
For the immediate term, traders will be watching whether Ether’s put-call ratio moderates in the next weekly expiry or if it signals a more entrenched defensive posture. Bitcoin’s call-heavy expiry, while seemingly bullish, doesn’t preclude a shakeout. Max pain levels often act as a target, not a floor, and the mechanics of dealer hedging can amplify moves in either direction after settlement.
AUTHOR
Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at Cryptopolitan and Blockchain Reporter.
Crypto ETF flows are starting to tell a more complicated story than simple risk-on or risk-off. Bitcoin funds have seen pressure, while Ethereum products are still pulling in demand, giving traders a cleaner view of where institutional appetite may be shifting.
Data tracked by Farside Investors showed U.S. spot Bitcoin ETFs posting a daily outflow of $294.62 million on July 1. At the same time, Ethereum products remained a bright spot, keeping the focus on whether allocators are rotating inside crypto rather than walking away from the asset class entirely.
For more details, visit the official Farside platform.
TL;DR U.S. spot Bitcoin ETFs recorded $294.62 million in daily outflows on July 1, according to Farside data.Ethereum ETF flows showed a more resilient picture.The split suggests investors may be rotating between crypto exposures rather than simply exiting the market. Bitcoin Funds Lose Ground Bitcoin ETFs have become one of the cleanest institutional sentiment gauges in crypto. When flows are steady, they can absorb spot-market weakness. When outflows accelerate, they can add pressure to an already nervous market.
The latest Farside figures put that pressure back in focus. A near-$300 million daily outflow is not automatically a trend by itself, but it does show that investors are not treating Bitcoin exposure as a one-way trade. After the huge success of spot Bitcoin ETFs, even short bursts of redemption activity now matter for market psychology.
Ethereum’s Different Signal Ethereum’s side of the ledger is more interesting because it stops the story becoming a simple crypto-exodus narrative. When Bitcoin funds lose capital while Ethereum products attract or hold demand, it suggests allocators are making more targeted decisions.
That distinction matters for traders watching BTC dominance, ETH/BTC, and broader altcoin appetite. If ETF flows continue to diverge, the market may read it as early evidence of institutional rotation into other crypto exposures. If Bitcoin outflows reverse quickly, this could instead look like a short-term rebalance after a volatile week.
For now, the fund data is giving the market a sharper signal than price alone: crypto demand has not disappeared, but it is becoming more selective.
Not Every Outflow Means Panic ETF flows need context. A single negative day can reflect profit-taking, portfolio rebalancing, tax positioning, or short-term risk reduction. The market tends to overreact when the number is large, but the better question is whether outflows continue across several sessions.
That is where the Ethereum comparison becomes useful. If Bitcoin redemptions appear alongside inflows into other crypto products, it points less toward panic and more toward internal rotation. Institutions may be reducing BTC exposure while adding to assets they see as earlier in their own ETF cycle.
The next few sessions should make the signal clearer. Sustained Bitcoin ETF outflows would pressure the market. A quick reversal would make July 1 look more like a sharp but temporary rebalance.
That is why this story is worth keeping separate from a standard market recap. ETF flows now shape daily crypto liquidity in a way that was not true before spot funds launched. When those flows split by asset, they can reveal changes in institutional conviction before they are obvious on the price chart.
This report is based on ETF flow data from Farside Investors.
This article was written by the News Desk and edited by Samuel Rae.
TLDR:Altcoin Sell Pressure Extends a 15-Month Distribution TrendWhat the Record Volume Gap Means for an Altcoin Recovery Altcoin sell pressure has reached a fresh multi-year low after more than 15 months of persistent net selling across major spot exchanges. The cumulative buy and sell volume difference for altcoins excluding Bitcoin and Ethereum has moved below the five-year extreme recorded in June. The prolonged imbalance indicates broad distribution, with sellers repeatedly overwhelming new demand whenever altcoin prices attempt to recover. A flattening cumulative volume gap could offer the first sign of improvement, but current data does not confirm a wider altcoin market bottom. Altcoin sell pressure has fallen to a fresh multi-year low as sellers maintain control across spot exchanges. CryptoQuant data shows the cumulative buy and sell volume difference dropped below its June extreme. The measure excludes Bitcoin and Ethereum, focusing on the wider altcoin market.
The indicator has stayed negative for more than 15 months. That pattern points to prolonged distribution rather than a brief market correction. Bitcoin traded near $61,600, while Ethereum changed hands around $1,720 as the update emerged. Yet broader altcoin demand still showed little evidence of a sustained recovery.
Altcoin Sell Pressure Extends a 15-Month Distribution Trend The cumulative volume difference measures whether traders aggressively buy or sell altcoins on spot markets. A negative reading means selling volume exceeds buying volume over the measured period.
Altcoin Sell Pressure Broke to a Fresh Multi-Year Low
“The cumulative buy/sell volume diff (alts ex BTC/ETH) hit a 5-year extreme in June. Now it's gone even lower.” – By @IT_Tech_PL pic.twitter.com/od6zSYIaN2
— CryptoQuant.com (@cryptoquant_com) July 3, 2026
The gauge briefly approached a balanced level in early 2025. It then reversed sharply and moved deeper into negative territory. The cumulative gap was near negative $209 billion in June. Other market estimates later showed the deficit approaching negative $240 billion.
The exact figure can vary with timing and exchange coverage. Still, the direction remains clear across the available data. Sellers have repeatedly absorbed buying attempts, while demand has failed to establish a lasting floor.
According to Cryptoquant data, the move is a continued distribution without a visible bottom. The five-year extreme reached in June has now fallen further. This trend does not mean every altcoin has declined together. Several tokens can rally on project-specific catalysts or temporary liquidity shifts. However, isolated gains do not confirm broad altcoin accumulation.
What the Record Volume Gap Means for an Altcoin Recovery A broad altcoin recovery usually needs expanding spot demand across many assets. Current data shows the opposite, with net selling still dominating the market.
The prolonged volume imbalance suggests investors are reducing exposure whenever liquidity improves. That process can limit rallies, as fresh buying meets existing holders seeking exits. It also weakens the case for an immediate altseason led by broad market participation.
The first improvement may not appear as a positive reading. A flattening trend would show that selling pressure is no longer accelerating. Several weeks of rising cumulative volume difference would offer stronger evidence that buyers are returning.
Traders may also watch altcoin market share, stablecoin flows, and Ethereum performance against Bitcoin. Those measures can reveal whether capital is rotating beyond the two largest cryptocurrencies.
Bitcoin (BTC) maintains its upward momentum, holding above the $61,000 mark at the time of writing on Friday. Major altcoins such as Ethereum (ETH) and Ripple (XRP) are also posting gains, signaling a modest uptick in market sentiment and renewed risk appetite among investors.
Risk appetite boosts capital inflowsFor several weeks, risk sentiment in the crypto market was subdued, weighed down by macroeconomic headwinds, geopolitical uncertainties, and a dearth of clear catalysts.
However, sentiment is now showing tentative signs of recovery, as evidenced by the Crypto Fear & Greed Index, which ticked up to 21 on Friday from 19 the previous day, still deep in ‘Extreme Fear’ territory. Should this trend persist, we could see further capital inflows as investors gradually regain confidence in risk assets.
Crypto Fear & Greed Index | Source : AlternativeInstitutional investors are making a notable return to Bitcoin, as evidenced by Thursday’s spot BTC Exchange-Traded Fund (ETF) inflows of $221 million, the first significant uptick since mid-June and a clear break from a nine-day stretch of outflows.
SoSoValue data highlight cumulative ETF inflows of $51 billion and average net assets of $74 billion. This resurgence of institutional capital signals growing confidence and is lending crucial support to Bitcoin’s ongoing recovery.
Bitcoin ETF flows | Source: SoSoValueEthereum spot ETFs posted a second consecutive day of inflows, with $29 million recorded on Thursday, nearly doubling Wednesday’s $15 million. If sustained, the inflow momentum would back the ongoing recovery and cement investor confidence amid renewed market optimism. Cumulative inflows average $11 billion with net assets under management at $9 billion.
Ethereum ETF flows | Source: SoSoValueUS-listed XRP spot ETFs attracted inflows of nearly $7 million on Thursday, breaking two consecutive days of outflows. Despite withdrawals on Tuesday and Wednesday, cumulative outflows remain steady at $1.48 billion, with net assets under management averaging $988 million.
XRP ETF flows | Source: SoSoValuePrice analysis: Bitcoin buyers tighten grip as recovery gains momentumBitcoin trades at $61,725, extending its rebound for the third consecutive day. Still, the Crypto King sustains a bearish near-term tone as it sits well below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs). The 50-day EMA at roughly $66,025, the 100-day EMA near $69,818 and the 200-day EMA around $75,952 all fan out above spot, suggesting the broader downtrend remains in place despite the recent stabilization.
The Parabolic SAR at about $62,200 also hovers just above price, reinforcing overhead pressure, while the Relative Strength Index (RSI) lingering in the mid-40s hints at only modest, corrective upside momentum rather than a decisive reversal.
BTC/USDT daily chartOn the topside, immediate resistance is defined first by the Parabolic SAR at $62,200, with the 50-day EMA at $66,025 acting as the next significant barrier. Beyond these key barriers, the 100-day EMA at $69,818 and the downward resistance trendline break price near $75,072 converge with the 200-day EMA to create a broader supply zone that would need to be reclaimed to weaken the prevailing bearish structure.
On the flip side, immediate support is highlighted by psychological round-number levels at $60.000 and $58,000, respectively. Trading below this demand range would leave Bitcoin vulnerable to renewed selling toward a new yearly floor.
Altcoins technical outlook: Ethereum and XRP extend modest gainsEthereum edges higher above $1,700, marking three straight days of gains. Momentum has improved as reflected in the RSI, which hovers just above 50 on the daily chart and the Moving Average Convergence Divergence (MACD), with its histogram in positive territory, hinting that selling pressure is easing.
Despite the upswing, the several structural levels cap ETH's upside. Trading below the 50-day, 100-day and 200-day EMAs reinforces a broader downtrend.
ETH/USDT daily chartOn the topside, immediate resistance is seen at the 50-day EMA around $1,808, followed by the descending resistance trendline region referenced near $1,928. Further north, the 100-day EMA at about $1,983 and the 200-day EMA close to $2,271 define a broader supply band that would need to be reclaimed to shift the medium-term tone. Looking down, initial support is provided by the Parabolic SAR around $1,516, where a daily close below would likely reopen the path toward lower lows despite the currently improving momentum backdrop.
XRP trades at $1.10, as bulls tighten their grip. The psychological support at $1.03 allowed buyers to reengage, aligning with the broader crypto market's short-term positive outlook. Momentum is improving, backed by the RSI's recovery toward a neutral 46 on the daily chart and the MACD histogram, which has recently turned slightly positive. Together, both indicators hint at modest upside momentum within a broader downtrend.
XRP/USDT daily chartOn the topside, initial resistance emerges at the 20-day Bollinger middle band around $1.11, followed by the downtrend resistance trendline break area near $1.21 and then the 50-day EMA close to $1.19, forming a dense supply zone before the upper Bollinger band near $1.23. Higher up, the 100-day EMA around $1.29 and the 200-day EMA near $1.51 mark more substantial barriers.
Conversely, the lone nearby structural cushion is the Bollinger lower band, now around $0.99, where buyers could attempt to slow any further decline.
(The technical analysis of this story was written with the help of an AI tool.)
Crypto ETF FAQs An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.
Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.
Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.
The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.
Cryptocurrencies gained ground on Thursday while major stock indexes closed at all-time highs, as softer-than-expected jobs data lowered expectations for a Federal Reserve rate hike.
Crypto Market RalliesBitcoin briefly broke $62,000 but failed to sustain the rally, pulling back to the low $61,000 range. Ethereum experienced a more pronounced rally, breaking through the $1,700 level before consolidating sideways.
Nearly $460 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in short positions, according to Coinglass data
Bitcoin’s open interest rose 1.14% over the last 24 hours to $46.22 billion. Derivatives traders on Binance, including both retail and whale investors, remained net long on the leading cryptocurrency but trimmed their long positions.
Top Gainers (24 Hours)
The global cryptocurrency market capitalization stood at $2.2 trillion, following a dip of 0.79% over the last 24 hours.
Dow Closes At New RecordMajor indexes bounced back on Thursday after a brief pause. The Dow Jones Industrial Average rallied 594.83 points, or 1.14%, to hit a record close of 52,900.07. The S&P 500 eked out a narrow gain to end at 7,483.24, while the tech-focused Nasdaq Composite dropped 0.8% to close at 25,832.67.
U.S. job growth slowed sharply in June, with only 57,000 jobs added, missing economists’ forecast of 110,000 and down from 129,000 in May. The unemployment rate edged down to 4.2%, below the 4.3% consensus.
The CME Group’s FedWatch tool showed markets lowering the likelihood of the Fed keeping the rates unchanged in September to 45% from nearly 50% the day before.
‘Incoming Volatility’Blockchain analytics firm CryptoQuant warned that Bitcoin’s failure to hold $60,000 could trigger accelerated selling, potentially driving the price down toward its realized price of $53,000, which serves as a major support level.
CryptoQuant reported that the average Bitcoin deposit size has doubled from 1 BTC to 2 BTC, signaling increased activity from whales and institutional investors rather than retail participants.
“Whales appear to be leading the move. Incoming volatility,” the firm added.
Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, said that he’s not selling his altcoins and plans to take profits once market excitement around altcoins returns.
“The markets are just waking up and sentiment can change fast,” Van De Poppe said. “There’s no need to be looking to be selling the actual market bottom, as that would be here.”
Photo Courtesy: Marc Bruxelle on Shutterstock.com
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Upbit and Bithumb, two of South Korea’s leading cryptocurrency exchanges, announced new trading support for Metaplex (MPLX) and Nexus (NEX). However, following its initial announcement, Upbit stated that it had changed the trading start times for both assets.
Accordingly, the trading start date for Metaplex (MPLX), previously scheduled for July 3, 2026 at 3:00 PM, has been postponed to 7:00 PM, while the start time for Nexus (NEX), previously announced as 6:00 PM, has also been moved to 7:00 PM.
According to Upbit’s announcement, MPLX will be traded on the Solana network for BTC and USDT, while NEX will be traded on the Ethereum network for USDT. Deposits and withdrawals for both assets are planned to open within two hours of the announcement’s release. The exchange also stated that the trading start time may be postponed again if sufficient liquidity is not available.
The new listings will also implement various trading restrictions for users. Accordingly, buy orders will be restricted for approximately 5 minutes after the trade opens. During the same period, sell orders cannot be placed at levels more than 10% below the previous day’s closing price. In addition, all order types except limit orders will be temporarily restricted for the first two hours.
Bithumb also announced on the same day that it would add MPLX and NEX to its South Korean won (KRW) market. According to the exchange, MPLX trading was scheduled to begin at 3:00 PM on July 3rd, and NEX trading at 6:00 PM on the same day. Bithumb shared a reference price of 32.09 won for MPLX and 0.0028 won for NEX.
Metaplex is among the prominent projects offering NFT and token infrastructure within the Solana ecosystem, while Nexus stands out as a layer-1 blockchain project combining verifiable computing infrastructure with financial applications. Following their listings, both assets are expected to be closely watched in the South Korean market.
*This is not investment advice.
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The historic volatility of cryptos once again reminded market operators that short-term certainties do not exist in this universe. This Thursday, July 2, the ecosystem recorded a technical reversal, inflicting dry financial losses on investors positioned short. Indeed, this sudden surge, occurring after several days of bearish pressure, redefines the short-term price dynamics for the main market assets. Understanding the mechanisms of such a purge is essential today, as it illustrates the extreme sensitivity of the crypto market to leverage effects and global macroeconomic indicators.
In brief The crypto market rebound triggered a massive liquidation of short positions, with over 600 million dollars wiped out in just 24 hours. Bitcoin, Ethereum, Solana, and XRP saw a clear rebound, driven by a strong short position coverage movement. The latest US economic indicators, notably the slowdown in employment, revived hopes of a Fed monetary policy easing. Shares of major crypto-related companies, like Strategy, Coinbase and Circle, also benefited from this renewed optimism. Bitcoin: cleaning up short positions in the derivatives market The crypto market rebound, after a violent drop, observed over the last 24 hours, completely caught bearish investors’ strategies off guard, causing major price movements and massive losses on derivatives products :
Bitcoin (BTC) surge : the top market crypto surpassed the $62,000 mark for the first time in over a week, reaching a local high at $62,078 after having plunged below $58,000 earlier in the week (a 21-month low). It then stabilized around $61,650, up 3% on the day and 4% on the week ; The scale of global liquidations : the technical purge totaled $602 million in 24 hours, with short positions representing the majority of the carnage with $400 million in net losses ; The case of Ethereum (ETH) : notably, ETH surpassed bitcoin as the top contributor to forced liquidations with $187 million wiped out by its traders, versus $184 million for BTC, taking its price to $1,701 (nearly 5% increase) ; The performances of Solana (SOL) and XRP : Solana jumped nearly 5% for the day to $81, becoming the biggest weekly gainer in the top 10 with over 22% gain. XRP increased over 3% to trade at $1.09. This exceptionally large technical purge demonstrates how quickly forced liquidations can feed into each other. The simultaneous reversal of major altcoins confirms that the market was trapped by an excessive accumulation of highly leveraged short positions, turning a simple technical resistance into a powerful global short position cover rally.
Macroeconomic catalysts and US employment indicators This bullish turnaround in capital markets stems directly from the latest economic releases and the monetary policy directions in the United States. The rebound began following statements by Federal Reserve Chairman Kevin Warsh, who deliberately maintained ambiguity on the institution’s future intentions. Indeed, investors reacted positively when the leader “declined to say whether the agency planned rate hikes, but later this year”.
Following this intervention, interest rate traders now estimate almost equal probabilities regarding the Fed decision to hold or raise rates at the September meeting. However, they still project a 64% probability that a rate hike will occur by the October FOMC meeting.
The upward movement intensified Thursday after the Bureau of Labor Statistics announced that US employers created only 57,000 jobs in June. This figure was much lower than the initial target of 115,000. Moreover, it is a clear decline compared to the revised 129,000 jobs recorded in May.
This marked slowdown in US employment paradoxically boosted global risky assets in particular bitcoin, easing fears of a prolonged monetary tightening by central bankers. While traditional markets reacted mixedly, with the S&P 500 and Nasdaq closing lower and the Dow Jones remaining in the green, the crypto sphere took advantage of this slowdown to initiate its technical relief rally.
Stock market reaction and the surge of Web3-linked stocks The impact of this price rebound was not limited to retail investor portfolios; it also shook the shares of listed crypto sector companies. Michael Saylor’s Strategy, which remains the world’s largest corporate bitcoin holder, saw its stock appreciate nearly 7% to reach $100.
This recovery is all the more significant because the stock had dropped to nearly $80 the previous week. In the same bullish momentum, the American exchange platform Coinbase’s stock rose 3.35% to $165. Circle, issuer of the USDC stablecoin, completed this positive picture by recording a nearly 5% increase to reach $65, showing strong resilience.
However, the future implications of this global movement invite a nuanced analysis of the market’s macroeconomic structure. While this technical rebound validates cryptos’ immediate responsiveness to Fed signals and illustrates the constant danger of leverage for sellers, the overall trend calls for real ethical caution. Taking the necessary perspective, bitcoin still shows a 16 % decline over the last month and trades approximately 52% below its all-time high near $126,000 set in October 2025.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Ethereum price climbed 6% to $1,713 as the wider crypto market recovered. Bitcoin’s move above $62,000 lifted sentiment across major tokens. Solana, XRP, Cardano, and Dogecoin also gained, adding momentum. Traders now watch whether stronger demand can push ETH toward $2,000 next week amid improving risk appetite and volume signals.
Crypto Market Recovery Fuels Fresh Demand The crypto market rose 2.71% in 24 hours, pushing its value to $2.14 trillion. That action gave traders renewed confidence following a number of poor performances.
Bitcoin price outlook also fluctuated around the level of $62,000, which contributes to the broader recovery. Bitcoin strength, as usual, boosted demand in major altcoins.
Ethereum price rose by almost 10% throughout the week, with more robust short-term momentum. Solana price has also risen 18%, and Cardano and XRP prices rebounded.
Meanwhile, short sellers were under intense pressure as prices were reversed. Short positions were liquidated to the tune of about 281 million in the market.
US Iran Peace Talks Improve Sentiment ETH price was also boosted by the relaxed tensions in the Middle East. It was reported that the US officials suspected that Israel might attack Iranian negotiators.
The suspected targets included Abbas Araghchi and Mohammad Bagher Ghalibaf. The two personalities were associated with delicate negotiations between Iran and Washington.
US officials allegedly warned Iran using regional intermediaries. They feared any strike could end talks and restart the conflict.
But market response is now indicating that traders perceive reduced war risk. The oil prices fell to a 4-month low.
The fact that the oil prices are lower can ease the issue of inflation in all their markets worldwide. Thus, the risk assets tend to appreciate as the energy pressure begins to diminish.
🇺🇸🇮🇷 Tanker traffic through the Strait of Hormuz over the past 24 hours shows a clear split
The majority of vessels using the Iranian route are either headed to, or leaving Iran.
Whilst tankers traveling elsewhere are using the Omani route, which is still being protected by U.S…
— Mario Nawfal (@MarioNawfal) July 3, 2026
Tanker traffic through the Strait of Hormuz still remains below normal. However, markets seem not to be so concerned about the broader war in the region.
This reduced waving contributed to the crypto prices gaining momentum more effectively. Consequently, further peace development would be beneficial to Ethereum price.
ETF Inflows Support Ethereum Price Outlook ETF flows added another reason for a possible Ethereum price rally. Spot Ethereum ETFs had their first inflows since mid-June.
The products had faced a difficult period during June. The net outflows amounted to approximately 529 million during the month.
However, July opened with stronger demand from investors. Spot Ethereum ETFs experienced net inflows of 14.9 million on July 1.
Bitcoin Spot ETFs See $222M Net Inflow After 10-Day Outflow Streak
On July 2 (ET), Bitcoin spot ETFs recorded a total net inflow of $222 million, turning positive after 10 consecutive days of net outflows. Ethereum spot ETFs recorded a total net inflow of $29.08 million. pic.twitter.com/LP3UjuQPJV
— Wu Blockchain (@WuBlockchain) July 3, 2026
The improvement continued on July 2, with another $29.08 million entering Ethereum ETFs. That demonstrated that demand was coming back following weeks of strain.
Spot ETFs that track Bitcoin also became positive following ten consecutive outflow days. They recorded $222 million in net inflows on July 2.
Ethereum Price Analysis: Key Levels To Watch The Ethereum breached the $1,700 mark following consistent purchasing in the short-term market. The shift brought ETH close to one of the resistance points, and now, the next target is $1,800.
The MACD is also bullish, with the blue line on top of the signal line. The histogram remains positive as well, indicating that upward pressure is still active. With this strength, the full ETH forecast report may first test $1,800 before it moves any further toward $2,000.
In the meantime, RSI is close to 71, indicating an overbought region. This reading presents a great momentum.
Source: ETH/USDT 4-hour chart: Tradingview On the downside, $1,700 now serves as the first support level. Any fall below that level might reveal $1,600 once more. With the increased selling, ETH can revisit the $1,560 demand zone before attempting another recovery.
Bitcoin climbed above the $61,000 mark and the recovery was led by macro data, as weaker U.S. jobs numbers increased expectations that the Federal Reserve may shift toward a less restrictive policy stance. The cryptocurrency was trading at $61,739 mark.
In the past 24 hours, Bitcoin was up 2.80% and Ethereum was up 6.24% to trade at $1,716 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Hyperliquid, Dogecoin, and Cardano gained upto 6.68%.
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Riya Sehgal, Research Analyst, Delta Exchange said the move is still a relief rally, not a confirmed reversal. For Bitcoin, $62,200 is the first resistance. A sustained move above this level can open room toward $64,000–$65,000.
ETF flows have improved for Bitcoin but remain uneven, while Ethereum ETF flows are largely flat, Sehgal further said. Bitcoin picked up to $62,000 after whales added 270,000 BTC, forcing $130M short losses and the fear and greed index has risen to 22, as the market sentiments improve but still remain under fear, said CoinDCX Research Team.
The global crypto market capitalisation went up 2.64% to $2.13 trillion, according to CoinMarketCap.
In the past week, Bitcoin and Ethereum were up 1.97% and 8.68% respectively. Among the major altcoins, XRP, Solana, Hyperliquid, Dogecoin, and Cardano gained upto 14.91% whereas BNB and Tron were down 1.25% and 1.15% respectively.
CoinSwitch Markets Desk said BTC staged a rebound towards $62K, driven primarily by a short squeeze. However, the broader backdrop remains mixed. Institutional demand remains weak due to persistent ETF outflows, while higher bond yields continue to compete with risk assets.
The next major directional move will likely depend on macroeconomic conditions, institutional flows, and whether BTC can sustain momentum above $62K toward the $65K resistance, CoinSwitch Markets Desk further said.
Here is what other analyst say
Avinash Shekhar, Co-Founder & CEO, Pi42: Bitcoin’s rebound following weaker-than-expected U.S. jobs data underscores how closely crypto markets are tracking macroeconomic expectations. For investors, the conversation is gradually shifting from “how low can prices go” to “when does liquidity begin returning to the market.
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Nischal Shetty, founder, WazirX: Bitcoin recovered above the $60,000 mark as investors responded positively to expectations of a more accommodative monetary policy, while Ethereum ETFs recorded fresh inflows, signalling renewed institutional interest.
Vikram Subburaj, CEO, Giottus: The recovery above $60,000 has helped stabilise market sentiment. This follows this week's decline towards $58,000. However, it is still not enough to confirm a durable trend reversal.
Akshat Siddhant, Lead quant analyst, Mudrex: On-chain data shows Bitcoin exchange inflows have climbed above 50,000 BTC per day, along with Ethereum exchange inflows exceeding 1.25 million ETH. Historically, such spikes in exchange deposits have often been followed by increased volatility, including June’s decline to $58,000.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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A total of $30 million worth of Bitcoin, linked to criminal investigations involving Clifton Collins in Ireland, has once again moved on the blockchain. This unexpected development has raised questions about whether the previously seized digital assets are being prepped for sale or if the movement was simply a technical wallet transfer initiated by authorities.
Focus on Coinbase and Irish policeClifton Collins is widely known for amassing over $400 million in Bitcoin through illegal activities. However, reports stated that Collins later lost access to most of these holdings. In March 2024, the Irish national police force, An Garda Siochana, seized $30 million worth of Bitcoin from the case and transferred the funds to Coinbase for safekeeping.
Recent on-chain activity revealed that the same $30 million has been relocated once again. Blockchain analytics firms such as Arkham Intelligence and Lookonchain tracked this transaction. As of now, Irish authorities have yet to issue an official statement clarifying the intention behind the transfer.
Glossary: An Garda Siochana is the national police force of Ireland. Arkham Intelligence and Lookonchain are analytics platforms that monitor wallet movements using publicly available blockchain data.
Irish authorities have not yet provided an official rationale for the latest transaction, leaving it unclear whether the movement signals preparations for sale or merely represents a custody adjustment.
Transparency sets this case apart from traditional seizuresThe open ledger structure of Bitcoin allows these seized assets to be tracked in real-time, in stark contrast to conventional asset forfeiture processes which typically lack transparency. Public traceability of wallet activity enables both market participants and regulatory bodies to scrutinize such moves more closely than ever before.
Another key issue for the sector is the role exchanges and custodians play in holding state-controlled Bitcoin assets and facilitating potential sales. Aspects such as wallet security, authorization of transfers, and the timing of sales are likely to be critical as these processes evolve.
Market impact expected to remain limitedTechnical teams partnering with institutional investors monitor such cases not only from a legal perspective but also for possible market implications. Movements of wallets controlled by state entities could set benchmarks for future seizure and sale protocols.
According to Glassnode data, inflows from government wallets typically account for less than 0.1% of daily BTC trading volume, indicating that such transactions are unlikely to pose systemic pressure on the market.
TitleDataAmount seized in March 2024$30 million BTCMost recent transfer$30 million BTCShare of government wallet inflows in daily BTC volumeBelow 0.1%Glassnode data shows that inflows from government-controlled wallets have generally remained below 0.1% of daily BTC trading volumes.
Next steps: sale or auction might be aheadIrish authorities are expected to make an official announcement in the near future. While possibilities include a public auction or an over-the-counter sale, it remains premature to conclude that the recent movement signals an imminent sale without formal confirmation.
The case has become a focal point for ongoing discussions on how governments should handle confiscated crypto assets. While Bitcoin’s pseudonymous design remains a factor, on-chain traceability allows for detailed tracking of asset movements, contributing to broader debates over digital asset management practices by state actors.
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.
Strategy's importance to Bitcoin is likely to diminish next cycle as institutional investors emerge as the market's dominant buyers.
Michael Saylor’s Strategy has long served as the dominant corporate force behind Bitcoin buying, but that may be changing.
Bitwise Chief Investment Officer Matt Hougan believes that the company will play a much smaller role in driving the crypto asset’s demand in the next market cycle.
Next Wave of BTC Buyers In his latest market analysis, Hougan said that Strategy’s role in the Bitcoin market has changed after the company adopted a new framework for STRC, which allows it to periodically sell the crypto to fund dividend obligations. While Hougan acknowledged that he does not expect Strategy to become a major BTC seller, he did say that the company could now buy or sell the crypto depending on market conditions rather than acting as a constant source of demand.
He added that there is no mechanism forcing Strategy to sell more than a few billion dollars’ worth of Bitcoin annually, and if the crypto asset’s prices recover, the exec still expects the company to remain a net buyer. Even so, Hougan said Strategy is unlikely to carry the same market influence it did during the previous cycle.
Instead, he expects institutional investors to emerge as the dominant force behind Bitcoin accumulation. Looking at BTC’s history, Hougan said market leadership has repeatedly shifted between different groups of buyers, moving from cypherpunks to Asian investors, then US retail participants, followed by the Grayscale Investments Bitcoin Trust and later Strategy.
The Bitwise CIO now believes the next phase will be led by institutions with significantly larger pools of capital. These include global banks, asset managers, pension funds, endowments, sovereign wealth funds, and financial advisers. According to him, this transition is already underway.
For instance, Morgan Stanley has launched proprietary Bitcoin ETFs, while Wells Fargo has started adding BTC exposure to model portfolios. He also highlighted that Texas became the first US state to fund a strategic BTC reserve, while several sovereign wealth funds and sovereign banks either already hold the crypto asset or have begun evaluating allocations.
You may also like: Bitcoin (BTC) Starts July Under $60K, Cardano (ADA) Finally Rebounds: Market Watch Metaplanet Adds 2,823 Bitcoin, But Still Needs 57,000 BTC to Hit 2026 Target The Vanishing Bitcoin Bid: Where Are the ETF Billions Going? Despite Bitcoin ETF outflows during 2026, Hougan noted that the products have attracted more than $50 billion since launching in 2024 and are now available on most major financial adviser platforms.
Strategy Slowdown May Benefit Bitcoin A slowdown in Strategy’s Bitcoin purchases would not necessarily be bearish for the market, according to HashKey Group’s Senior Researcher Tim Sun. Speaking to CryptoPotato, Sun said that if the company is forced to slow or pause its accumulation, it would help unwind the distortion in supply and demand created by its financing-driven buying model.
Rather than relying heavily on Strategy’s purchases and ETF inflows, Bitcoin would have an opportunity to establish a stronger price floor based on genuine market demand, resulting in what Sun views as a healthier market structure.
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.
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.
Soft US jobs market data triggered a rotation of capital from overheated AI stocks into Bitcoin and gold.Bitcoin onchain indicators hint at seller exhaustion while the decline in oil prices opens room for monetary expansion.Bitcoin reclaimed the $61,000 mark following a disappointing US job market report. Traders grew less certain of a near-term interest rate hike from the US Federal Reserve (Fed) given the worsening labor data. The tech-heavy Nasdaq index sold off, fueling hopes of a capital rotation favoring Bitcoin.
Nasdaq 100 Index futures (blue) vs. Bitcoin/USD (orange). Source: TradingView
The Nasdaq 100 Index erased gains from the three prior days, while Bitcoin distanced itself from Wednesday’s $57,750 low. US non-farm payrolls increased by only 57,000 in June, missing the 113,000 expected, according to Yahoo Finance. The US Labor Department also revised data for April and May downward by 74,000 jobs.
Gold prices reacted positively on Thursday, hinting at potential bullish momentum for scarce assets. The weak economic data prompted investors to cut odds of Federal Reserve interest rate hikes by September to 54% from 64% the prior day, according to the CME FedWatch Tool. Meanwhile, crude WTI oil prices stabilized below $70, opening the door for possible economic stimulus measures
Gold/USD (red) vs. Crude WTI oil (teal). Source: TradingView
Oil prices dropped after the Qatar Foreign Ministry cited “positive progress” in the latest round of discussions between US and Iranian representatives on Wednesday. Gold recovered some of the 8% losses accumulated over the prior two weeks, a possible sign that investors anticipate a less tight monetary policy and further FED balance sheet expansion.
US Federal Reserve total assets, USD millions. Source: FED St Louis
The Federal Reserve balance sheet stagnated at $6.73 trillion, although its mandate allows for $40 billion monthly purchases in short-term Treasuries and bonds. Weak job market data and reduced inflationary pressure are widely seen as catalysts for accelerated liquidity injection, creating incentives to invest in scarce assets, including gold and Bitcoin.
Overheated AI stocks clash with Bitcoin flashing a bottomWeakness in the AI sector, especially among chipmakers, has led traders to anticipate capital shifting toward alternative assets. Shares of SanDisk, Seagate, Western Digital, and Applied Materials saw intraday losses of 9% or higher on Thursday. In contrast, Bitcoin is showing signs of seller exhaustion two months after rejection at $82,500.
Source: X/gaah_im
Onchain analyst and CryptoQuant author gaah_im said that Bitcoin’s realized profit-to-loss ratio has hit its lowest level since 2022. The net percentage of supply in profit relative to the total supply has turned negative, which historically has marked cycle bottoms with “extreme precision,” according to the analyst. In essence, onchain data hints at further Bitcoin upside.
Part of Bitcoin’s recent weakness stems from traders’ disappointment with Strategy. Despite a healthy 8% net leverage and $56.8 billion in enterprise value, holders faced dilution from accelerated MSTR share issuance used to buy back some debt and cover dividends on preferred stocks.
If weakness in the AI sector accelerates, some of that money will likely rotate into gold and Bitcoin, making a near-term recovery to $70,000 possible.
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Bitcoin (BTC) nearly topped $62,000 on Thursday after US payrolls grew by just 57,000 in June, roughly half of what economists expected. The miss revived Federal Reserve rate cut hopes and forced bearish traders to exit crowded short positions.
The rebound arrived days after Bitcoin closed its worst month since June 2022, a 20.5% drop. Whether the bounce extends to $70,000 now hinges on Fed policy, ETF flows, and whale activity on exchanges.
Bitcoin Price Performance. Source: BeInCryptoWeak Jobs Data Explains Why Bitcoin Jumped towards $62,000The Bureau of Labor Statistics counted 57,000 new jobs for June, far below the 113,000 consensus. According to the report, April and May payrolls were also revised down by a combined 74,000, while labor force participation slid from 61.8% to 61.5%.
US LABOR JUN NONFARM PAYROLLS +57K; CONSENSUS +115K
US JUN UNEMPLOYMENT RATE 4.2%; CONSENSUS 4.3%
US JUN AVERAGE HOURLY EARNINGS +0.35%, OR +$0.13 TO $37.64; OVER YEAR +3.52%
US JUN PRIVATE SECTOR PAYROLLS +49K AND GOVERNMENT PAYROLLS +8K
US JUN AVERAGE WORKWEEK UNCHANGED AT…
— *Walter Bloomberg (@DeItaone) July 2, 2026 Consequently, traders cut the odds of further Fed rate hikes and rotated back into risk assets. The data also landed a day after Fed Chair Kevin Warsh said inflation risks had eased, remarks that helped Bitcoin reclaim the $60,000 level on Wednesday.
Derivatives amplified the move. Roughly $450 million in crypto short positions were liquidated within 24 hours, CoinGlass data shows, as bears rushed to cover.
Bitcoin now trades near $61,465, up 1.18% over 24 hours, but even so, BTC sits 51% below its October 2025 record of $126,080 and down 44% over the past year.
ETF Outflows and Whale Deposits Cloud the Road to $70,000Institutional demand has not confirmed the bounce. Spot Bitcoin ETFs posted $294 million in net outflows on Wednesday, market data shows, even as prices climbed. The redemptions extended June’s record $4.5 billion exit, the products’ worst month on record.
Bitcoin ETF Flows. Source: SoSoValueSentiment is thawing nonetheless. CoinMarketCap’s Fear and Greed Index improved from Extreme Fear to Fear.
CMC Crypto Fear and Greed Index. Source: CoinMarketCapSimilarly, Tiger Research said it has turned more constructive, arguing the market is likely in the final stage of its bear cycle.
TIGER RESEARCH TURNS MORE BULLISH ON BITCOIN
Tiger Research says it is becoming more constructive on Bitcoin, arguing the market is likely in the final stage of its bear cycle.
The firm believes most of the selloff has already occurred, with any further weakness likely limited.…
— *Walter Bloomberg (@DeItaone) July 2, 2026 In contrast, however, CryptoQuant flagged fresh warning signs on exchanges.
“Bitcoin is testing $60K support, and exchange deposits are flashing warning signs. BTC inflows jumped above 50K/day, ETH inflows spiked above 1.25M, and altcoin deposits hit a two-month high. Whales appear to be leading the move. Incoming volatility,” the analysts wrote in a post.
The firm added that the average deposit size doubled from 1 BTC to 2 BTC, a pattern driven by whales rather than retail. Its warning follows deepening capitulation signals tracked across on-chain data this week.
Historically, similar deposit spikes preceded sharp moves, including June’s slide when Bitcoin fell to $58,000. A failure to hold $60,000 could expose the realized price near $53,000, which CryptoQuant calls the key on-chain valuation floor.
Bitcoin Exchange Flows. Source: CryptoQuantA sustained push to $70,000 likely requires ETF flows to turn positive and July’s FOMC meeting to validate rate cut bets.
Until then, reclaiming the 20-day EMA remains the first test for bulls, while $60,000 stays the line the whole market is watching.
RSI Rebound Suggests Selling Pressure Is FadingThe daily Relative Strength Index (RSI) has climbed to 43.76, holding above its signal line at 35.59. The indicator bottomed near oversold territory in mid-June, and its recovery suggests bears are losing control.
A push above 50 would confirm the shift, especially if the broader market keeps climbing.
BTC faces a resistance cluster at $62,000, reinforced by the 20-day EMA at $62,148 and Parabolic SAR at $62,523. A daily close above it could send the price toward the 50-day EMA near $66,200, a 7.7% gain.
Bitcoin Price Analysis. Source: TradingViewHowever, record ETF outflows may cap demand, even as long-term models point higher. Rejection here risks a retest of $58,115, and losing that floor would invalidate the recovery.
Bitcoin (BTC) is facing renewed downside risks after exchange inflows surged to levels rarely seen this year, signaling the market could be entering another period of heightened volatility, according to a report by CryptoQuant on Thursday.
The report noted that the $60,000 level remains a decisive support zone despite Bitcoin establishing a fresh bear market low below $58,000 earlier in the week. A sustained decline below the support could trigger a move toward Bitcoin's realized price at $53,000.
Bitcoin exchange inflows surge to 49,000 BTC, mark yearly extremesCryptoQuant analysts highlighted that Bitcoin exchange inflows surged to 49,000 BTC on June 30, an unusually high level recorded only four other times this year.
Bitcoin: Exchange Inflow (Total). Source: CryptoQuantThe firm noted that previous inflow spikes of similar magnitude were consistently followed by periods of elevated price volatility, suggesting the latest increase could signal a market shift as large amounts of Bitcoin are transferred to exchanges.
Beyond the high deposit volume, CryptoQuant noted that the composition of exchange inflows has also shifted, indicating that larger market participants are becoming increasingly active.
"Bitcoin inflow surge is being driven by large-holder deposits, with the average Bitcoin exchange deposit spiking from approximately 1 BTC to 2 BTC," CryptoQuant wrote.
The report stated that rising average deposit sizes have historically been a stronger bearish signal than elevated inflow volumes alone. The rise indicates deliberate positioning by whales and institutional investors rather than routine retail activity.
Similar patterns in previous market cycles have frequently preceded periods of sustained selling pressure.
Ethereum, altcoins see similar rise in exchange inflows, reinforcing bearish sentimentCryptoQuant also highlighted that the increase in exchange deposits is not limited to Bitcoin, suggesting broader weakness across the digital asset market.
"Ethereum exchange inflows also surged sharply in late June, breaching the 1.25 million ETH daily level, an elevated reading consistent with heightened selling pressure,” the report noted.
Ethereum: Exchange Inflow (Total). Source: CryptoQuantThe firm shared that concurrent spikes in Bitcoin and Ethereum deposits have historically coincided with elevated volatility across the broader crypto market.
Rather than reflecting isolated weakness in a single asset, the pattern suggests investors are repositioning portfolios more defensively as macro uncertainty and bearish sentiment weigh on digital assets.
CryptoQuant also pointed to growing activity across altcoins, noting that exchange deposit transactions climbed to nearly 45,000 per day, their highest level in almost two months.
"Historically, surges in altcoin deposit transactions have marked inflection points for crypto prices and signaled increased volatility ahead," the firm stated.
A similar surge in altcoin deposits occurred during Bitcoin's earlier decline from around $82,000 in early May to below $58,000 in late June.
The report suggests that repeated spikes above this threshold have historically marked inflection points for crypto prices and signaled periods of elevated market volatility. This adds to growing risk-off sentiment among market participants.
Bitcoin is trading at $61,340, up 2.5% over the past 24 hours at the time of writing.
For readers tracking where the market is actually changing, this is the part that matters. US Accounts for 96% of Global Bitcoin ATM Reductions in First Half of 2026 gives NewsBTC readers a clean angle on Bitcoin at a point where the market is trying to separate durable signals from short-lived noise.
According to the source material reviewed for this report, the story turns on a few concrete details rather than vague sentiment. That matters because crypto headlines can move quickly, but the pieces that tend to last are the ones backed by filings, official releases, data dashboards, or protocol-level records.
TL;DR
The total number of active Bitcoin ATMs worldwide declined in H1 2026. The United States accounted for 96% of the global reduction in active machines. Regulatory pressures, compliance overhead, and scam-reduction policies are cited as factors in the decline. The Bigger Picture The immediate relevance is that this development fits into one of the market’s main themes for the day: institutional positioning, network usage, regulatory pressure, protocol development, or asset-specific rotation. In this case, the key topic is Bitcoin, which is why it deserves a dedicated read rather than being buried inside a broader market recap.
For traders, the useful part is not simply that the headline exists. It is the way the facts line up with the current market backdrop. When official sources, market data, or protocol records show a fresh shift, readers get a better sense of whether the move is just a one-day reaction or part of something more structural.
What The Source Material Shows The core source for this story is coinatmradar.com with supporting data from coinatmradar.com. That source trail is important because the final article should not rely on discovery-only media links or second-hand summaries.
The total number of active Bitcoin ATMs worldwide declined in H1 2026.
The United States accounted for 96% of the global reduction in active machines.
Regulatory pressures, compliance overhead, and scam-reduction policies are cited as factors in the decline.
The numerical claims in the pack were tied back to specific source material before writing. '96%' sourced from Coin ATM Radar global net installation reduction charts (H1 2026)
Where The Story Goes Next The caution is just as important as the headline. Do not suggest that the ATM drop indicates lower overall Bitcoin usage; it is a change in physical distribution hardware.
That means the cleaner read is to treat this as a confirmed development with a defined scope, not as proof of a guaranteed price move or a sweeping market shift. In crypto, the difference matters. A verified data point can strengthen a thesis, but it does not remove execution risk, liquidity risk, regulatory uncertainty, or the possibility that traders fade the initial reaction.
For now, the story gives the market another piece of evidence to weigh. If follow-up filings, dashboard updates, protocol records, or official statements confirm further momentum, the angle can develop into something larger. If not, it still stands as a useful snapshot of where activity is concentrating today.
This report is based on information from coinatmradar.com and coinatmradar.com.
This article was written by the News Desk and edited by Samuel Rae.
TLDR;Trump Crypto Earnings Driven by Memecoin and Financial VenturesTrump Crypto Earnings Fuel Ethics Debate Over Policy DecisionsGet 3 Free Stock Ebooks Trump crypto earnings exceeded $1.4 billion, according to federal financial disclosures, with most income linked to World Liberty Financial and the TRUMP memecoin licensing business. Donald Trump said he does not actively manage his investments, explaining that external funds and blind trust arrangements oversee his personal finances rather than himself. Financial filings reveal more than $600 million came from TRUMP memecoin royalties and over $500 million originated from World Liberty Financial operations. Ethics experts continue debating whether blind trust protections remain effective when policies affecting digital assets overlap with businesses carrying the president’s own brand. Trump crypto earnings have become a major talking point after newly released federal financial disclosures showed more than $1.4 billion in digital asset-related income. Speaking to reporters, President Donald Trump said he does not oversee his personal investments and relies on professional fund managers and blind trusts to manage his assets.
The disclosures indicate that most of the reported income came from businesses connected to the Trump family, including World Liberty Financial and licensing revenue tied to the TRUMP memecoin. The filings have renewed debate over ethics, financial transparency and potential conflicts involving cryptocurrency ventures.
Trump Crypto Earnings Driven by Memecoin and Financial Ventures Federal financial disclosures filed with the U.S. Office of Government Ethics show that Trump reported more than $1.4 billion in digital asset income. According to the filing, over $600 million came from licensing and royalty agreements connected to the TRUMP memecoin.
🇺🇸 PRESIDENT TRUMP JUST SAID:
1) HE WAS IN CRYPTO BUSINESS BEFORE HE BECAME PRESIDENT.
2) “CRYPTO IS A BIG DEAL”
3) “USA IS NO.1 IN CRYPTO AND AI” pic.twitter.com/O5h73vW8mX
— Ash Crypto (@AshCrypto) July 2, 2026
World Liberty Financial generated more than $500 million of the reported income. The crypto project focuses on governance tokens and stablecoin products. Together, these businesses accounted for nearly all of the disclosed digital asset earnings.
Responding to questions, Trump said he does not actively monitor his investment portfolio. He explained that outside funds manage his assets and that he was not personally involved in day-to-day financial decisions. His remarks have become central to the discussion surrounding the latest disclosures.
Trump Crypto Earnings Fuel Ethics Debate Over Policy Decisions The disclosures have intensified scrutiny from ethics experts and Democratic lawmakers. Critics argue that a blind trust is only effective if the beneficiary has no meaningful knowledge or influence over assets held within it. They also point to administration policies supporting digital asset innovation while businesses linked to Trump operate in the same industry.
The TRUMP memecoin illustrates the divide between project revenue and investor outcomes. After reaching prices above $74 following its launch, the token later traded near $1.68. Market analysts estimate retail investors collectively lost billions during the decline, while Trump-linked businesses reported substantial earnings from licensing activity.
Source: Coingecko World Liberty Financial also experienced sharp price declines after its governance tokens entered the market. Additionally, a $500 million investment from a UAE-linked entity near Trump’s inauguration has drawn additional attention from ethics watchdogs.
The administration has defended its digital asset agenda, including support for stablecoin legislation through the proposed GENIUS Act. Opponents argue the overlap between crypto policymaking and family-linked business interests deserves closer examination, even though no official findings have alleged unlawful conduct.
