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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Like Bitcoin, altcoins have been experiencing intense selling pressure for weeks. One of these altcoins is undoubtedly XRP.
However, XRP has shown a significant recovery in the last 24 hours, rising to $1.10. This has attracted attention in the market, and popular cryptocurrency analyst Ali Martinez said that a key technical indicator has given the first buy signal since mid-June.
According to the analyst, XRP has given its first buy signal since June according to the SuperTrend indicator, suggesting a potential 14% increase in XRP price towards $1.24.
“The SuperTrend indicator has given a buy signal for XRP for the first time since mid-June.”
The last buy signal followed a 14% increase in XRP.
XRP Investors Suffer Huge Losses! Martinez predicts a significant rise for XRP, and Santiment’s data also paints a bullish picture.
Santiment’s MVRV data shows that XRP holders are facing the largest unrealized losses in XRP history. According to the data, the 30-day MVRV for XRP is -45%, while the 365-day MVRV has dropped to -47%.
Santiment’s MVRV data is historically interpreted as a signal of bullish accumulation.
“XRP’s average trading returns are at historically painful levels. Its 30-day MVRV is at -45% and its 365-day MVRV is at -47%, meaning both short-term and long-term traders are swimming in deep profits. These levels indicate that fear and disappointment are currently extremely high.”
Historically, the best opportunities arise when the crowd feels the maximum amount of pain, not in an environment of maximum trust.
*This is not investment advice.
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XRP investors are enduring one of the most severe periods of unrealized losses in the token’s history. Despite this challenging backdrop, on-chain data suggests that the current wave of selling might be nearing exhaustion—a scenario that could lay the foundation for a market rebound.
Historic lows for MVRV ratios signal extreme painAccording to Santiment data, XRP’s average trading returns have dropped to their lowest level in 12 years. The token’s 30-day Market Value to Realized Value (MVRV) ratio has fallen to negative 45%, while the 365-day MVRV stands at negative 47%. This indicates that both short-term and long-term holders are, on average, sitting on significant paper losses.
Mini glossary: MVRV, or Market Value to Realized Value, compares a crypto asset’s current market capitalization to the average acquisition cost of tokens held by investors. Negative levels indicate that the current market price is below the average cost basis, meaning most investors are underwater on their holdings.
Santiment pointed out that this is a first in XRP’s history, with both short and long-term MVRV ratios plummeting simultaneously to such depressed levels. The firm notes that this extreme scenario reflects rare pessimism among investors and pronounced market fatigue. Adding to the bearish picture, the monthly RSI indicator has also reached record lows in oversold territory.
According to Santiment’s findings, both the 30-day and 365-day MVRV ratios in XRP have hit all-time lows simultaneously, exposing investors to widespread unrealized losses.
If selling pressure eases, relief rally could gain groundHistorically, periods marked by fear and capitulation of this magnitude have often preceded major turning points in the market. Should selling pressure subside and weak hands exit, even modest buying interest can trigger a robust relief rally.
For this reason, Santiment highlights that extreme MVRV readings in crypto often correspond to prime accumulation zones. However, the firm also cautions that if broader market weakness persists, XRP could face renewed downward pressure.
IndicatorLevelSignificance30 day MVRVNegative 45%Short-term holders on average at a loss365 day MVRVNegative 47%Long-term holders deeply underwaterXRP price$1.10Range historically viewed as oversoldTechnical outlook and exchange outflows in focusCoinCodex data shows XRP was trading at $1.10 at the time of reporting—a level many analysts consider indicative of historic overselling in the market.
On the technical front, XRP continues to trade within a triangle pattern, forming progressively higher lows. Analysts associate this setup with periods when market momentum gradually builds, potentially setting the stage for a reversal.
Another positive sign has been the withdrawal of hundreds of millions of XRP from major crypto exchanges in recent weeks. This outflow, as investors move tokens from exchange wallets to private custody, often signals accumulation rather than imminent selling.
If overall market sentiment improves, the combination of record low MVRV ratios, sustained exchange outflows, and strengthening technical posture could pave the way for a meaningful recovery in XRP.
While volatility risks remain elevated in the short term, recent on-chain metrics point to one of the most robust accumulation zones ever recorded for XRP. Still, if broader market conditions fail to recover, downward risks for the token are not entirely off the table.
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.
According to a five-year projection by analysts, three distinct price scenarios for XRP are emerging for the period extending to the end of 2031, with estimates ranging from $1 to $25. The probability-weighted average price target is calculated at approximately $7.90, while the most likely range is expected to fall between $5 and $8.
Baseline scenario centers on $5 to $8 rangeThe report assigns a 50% probability to the mid-range scenario and allocates 25% each to both the pessimistic and optimistic forecasts. Within this framework, the baseline expectation points to a market capitalization for XRP between $325 billion and $520 billion, suggesting a price range within these levels.
Analysts highlight that XRP stands out from Bitcoin and Ethereum due to its emphasis on institutional applications. The asset’s value proposition is shaped more by needs such as cross-border payments, corporate financial services, and compliance-focused products, rather than retail investor demand.
Analysts assess that, in the most probable scenario, XRP could trade within the $5 to $8 band by 2031, with the probability-weighted target standing close to $7.90.
ETF inflows bolster institutional interestThe launch of regulated spot XRP ETFs in the United States has significantly shifted the token’s market dynamics. As of March 2026, net inflows to these investment products have surpassed $1.5 billion.
Asset management firms such as Franklin Templeton, Bitwise, Grayscale, Canary Capital, and 21Shares currently offer investors access to XRP ETFs. Goldman Sachs has also disclosed positions in these products, underscoring growing institutional interest from major traditional financial players worldwide.
Over $1.5 billion in net inflows moved into spot XRP ETFs in the US as of March 2026.
Analysts believe that ongoing demand through regulated investment vehicles will be a key factor influencing XRP’s valuation in the years ahead. The mid-range projection of $5 to $8 is closely tied to the gradual expansion of cross-border payment networks, tokenized securities, and institutional adoption.
Downside risks and upside potential closely watchedThe optimistic scenario envisions XRP reaching the $15 to $25 zone, contingent on more widespread adoption of XRP infrastructure for settlement and liquidity management by banks, asset managers, and payment companies. Continued capital inflows from ETFs and tighter supply on exchanges through increased institutional custody are also seen as important contributors in this scenario.
Conversely, the pessimistic scenario sees XRP remaining in the $1 to $2 range. The primary risk here is that even if Ripple—the fintech firm known for its payment networks and corporate blockchain solutions—grows its business, this expansion may not translate into proportional demand for the XRP token itself.
Analysts also draw attention to competitive pressures from Ethereum, Solana, fiat-backed stablecoins, and proprietary settlement systems used by financial institutions. While the regulatory landscape has improved recently, they note that uncertainty has not entirely disappeared.
On the other hand, the growth of tokenization applications on the XRP Ledger, the development of Ripple’s payments network, and the expansion of the RLUSD stablecoin ecosystem are highlighted as major positive drivers. Combined with increased institutional participation and the launch of regulated ETFs, these factors could play a defining role in shaping XRP’s five-year outlook.
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.
Chris Larsen, co-founder and executive chairman of Ripple, has invested in a new crypto perpetuals exchange by US Senator Kirsten Gillibrand’s son. The startup has already raised $30 million in a recent early-stage venture capital (VC) round. This is major news for the XRP community as XRP price jumped 5%.
Ripple’s Chris Larsen Backs American Perpetuals Exchange Corp Chris Larsen was one of the few investors who backed American Perpetuals Exchange Corp. (APEC), Politico reported. The crypto perpetuals firm was founded by Theodore Gillibrand, the 22-year-old son of Senator Kirsten Gillibrand.
American Perpetuals Exchange Corp has raised $30 million at a $300 million valuation, led by Lux Capital. Notably, angel investor and Ripple’s executive chairman Chris Larsen, hedge fund manager John Griffin, investor Mark Ein, and Anduril Industries founder Palmer Luckey, a longtime supporter of President Donald Trump, also invested in the firm.
Although Larsen’s exact contribution was not included in the report. However, Annica Benning, a spokesperson for Theo Gillibrand’s company, reportedly confirmed that the majority contributed between $5,000 and $10,000 into the crypto derivatives platform.
CoinGape analyzed known wallets linked to Ripple executive chairman and found no transfers from those wallet addresses. Chris Larsen still holds 2.23 billion XRP worth $2.43 billion.
SEC-CFTC Harmonization Staff Meeting with Gillibrand’s Crypto Perpetuals Firm The SEC-CFTC Harmonization Initiative staff met with representatives from American Perpetuals Exchange Corp last month. APEC to apply for a designated contract market license with a special exemption to list perpetual futures on single-name equities under joint SEC and CFTC oversight.
They discussed topics including SEC-CFTC harmonization and reducing cost and complexity in equity derivatives through regulated, exchange-traded perpetual contracts.
American Perpetuals Exchange Corp highlighted over $100 billion in daily crypto perpetuals trade globally, perpetuals having 90% shares of total crypto derivatives volume, and over $1 billion in daily equity perp volume on unregulated offshore platforms.
However, many platforms such as CFTC-regulated Kalshi launched crypto perpetuals trading during this time. Kalshi now offers perpetuals trading for Bitcoin, ETH, XRP, and 10 more altcoins.
XRP price jumped more than 5% amid news that Ripple’s Chris Larsen invested in a crypto perpetuals platform. Price is trading at $1.10, with a 24-hour range of $1.07 to $1.11.
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.
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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.
XRP price has climbed to a three-day high after Ripple’s European expansion and a fresh Supertrend buy signal revived bullish sentiment.
Summary
XRP price climbed to a three-day high as Ripple’s European expansion and stronger market sentiment boosted buying. A breakout above a month-long downtrend and a fresh Supertrend buy signal strengthened the bullish outlook. Short liquidation clusters above $1.11 could fuel further gains, while $1.05 remains a key support level. According to data from crypto.news, XRP (XRP) price rose as much as 3% to an intraday high of $1.11 on July 3, extending its recovery from around $1.02 on July 1. The latest rebound follows Ripple’s regulatory progress in Europe, improving macro sentiment, and a bullish technical reversal that has encouraged buyers to return after weeks of sustained selling pressure.
Since July 1, the market has continued to price in the company’s European expansion after Ripple Payments launched under preliminary Crypto-Asset Service Provider approval through the European Union’s Markets in Crypto-Assets framework.
The development arrived just as some competing platforms scaled back parts of their European offerings to comply with MiCA rules, strengthening Ripple’s position in one of crypto’s fastest-growing regulated markets.
At the same time, investors largely dismissed concerns surrounding Ripple’s monthly 1 billion XRP escrow release after recognizing that most of the unlocked tokens are traditionally returned to escrow rather than sold into the market.
Bitcoin’s stabilization above the $61,000 area has also provided a more supportive backdrop for altcoins after weeks of heavy selling pressure. Risk appetite improved further as easing geopolitical tensions helped push crude oil prices to multi-month lows while softer U.S. economic data reinforced expectations that the Federal Reserve could begin easing monetary policy later this year.
These macro developments have encouraged investors to rotate back into higher-beta digital assets after June’s defensive positioning.
Technical breakout puts $1.12 and $1.15 into focus XRP’s technical structure has improved materially over the past two sessions. On the 1-day chart, price has broken above a descending trendline that had capped every rally since late May, ending more than a month of lower highs. The breakout has carried XRP back toward the $1.12 resistance area after reclaiming the psychologically important $1.10 level.
XRP price is close to breaking above a multi-month descending trendline resistance on the 1-day chart — July 3 | Source: crypto.news The four-hour chart reinforces that bullish shift. XRP has reclaimed its Supertrend indicator near $1.05, while the MACD has completed a bullish crossover with expanding positive histogram bars. Price has also cleared horizontal resistance around $1.075 and is now approaching the next overhead supply zone near $1.125.
XRP 4-hour price chart — July 3 | Source: crypto.news A decisive move above that barrier could expose the $1.15 region, while the Supertrend support near $1.05 and former resistance at $1.075 now serve as the first downside cushions.
Commenting on the setup, analyst Ali Martinez wrote in a July 3 X post:
“The SuperTrend indicator has just flashed a buy signal on XRP for the first time since mid-June. The last buy signal preceded a 14% rally.”
Martinez also noted that the indicator had correctly identified the previous 19% and 16% declines, adding weight to the latest reversal signal.
Derivatives positioning has also shifted in favor of bulls. CoinGlass liquidation data shows one of the largest short liquidation clusters sitting just above the current price between roughly $1.11 and $1.12.
XRP liquidation heatmap | Source: CoinGlass XRP has already begun pushing into that liquidity pocket, increasing the probability of additional forced buying if resistance breaks. Beyond that zone, another concentration of leveraged positions sits closer to $1.14, creating a potential path for an extended short squeeze should momentum continue.
On-chain sentiment has strengthened alongside the technical recovery. Sharing data from Santiment, Whale Factor highlighted that XRP’s average trading returns have fallen to their lowest level in roughly 12 years, leaving both short-term and long-term holders underwater.
Historically, deeply negative MVRV readings have often coincided with major accumulation periods before meaningful recoveries. As Whale Factor summarized, “The more frustrated the crowd the faster the snap back when sentiment turns.”
🐋 WHALE WATCH: Santiment data shows $XRP average trading returns at their lowest point in 12 years. Short term and long term holders are both underwater.
That combination has preceded sharp reversals before.
The more frustrated the crowd the faster the snap back when… pic.twitter.com/HADaIYJt4E
— Whale Factor (@WhaleFactor) July 3, 2026 Key risks remain despite the improving trend The recovery still faces several hurdles before a sustained uptrend can be confirmed. The $1.12-$1.15 region contains multiple layers of technical resistance and dense leveraged positioning that could trigger renewed selling if buyers fail to force a breakout.
Any deterioration in Bitcoin’s price, a resurgence in geopolitical tensions that lifts energy prices, or stronger-than-expected U.S. economic data that delays Federal Reserve rate cuts could quickly reduce appetite for altcoins.
On the charts, a fall back below $1.075 would weaken the current breakout, while a loss of the Supertrend support near $1.05 would place the recent bullish thesis under pressure and raise the risk of another retest of the $1.00 psychological support.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
XRP is at $1.10. Up 4.4% today. Up 5% on the week.
A week ago it was four cents from losing $1. Now it is sitting exactly on the level that analysts say separates a dead-cat bounce from a convincing recovery. And it picked an interesting month to do it.
Let me lay it out.
The line: $1.10 Here is the setup in one sentence: XRP broke above $1.07, pushed through $1.09, and now trades right at $1.10, the level market watchers have flagged as the one XRP must reclaim and hold “before the recovery looks convincing” (live XRP price on CoinGecko).
Why this level? Because every bounce during the correction died below it. Reclaiming $1.10 with follow-through would be the first higher structure XRP has printed in months. Sitting on it, like right now, is the market deciding.
The tailwind is broad: Fed Chair Warsh turned dovish on inflation, a short squeeze torched $281 million in bearish bets, Bitcoin took back $61,000 with five straight days of ETF inflows. Rising tide. XRP is riding it.
The stat nobody expected: XRP has never had a red July Now the seasonal detail that has XRP holders buzzing. Since 2020, XRP has never closed July in the red. Not once. Every June weakness, and June 2026 was ugly, a 22% drop, has been followed by a July relief bounce or the start of an outright trend change. The most famous case: June 2020 fell 13.5%, then July 2020 exploded 48%, ending a two-year downtrend.
Seasonality is not a law of physics. But six straight green Julys is a pattern, and this July has already started green. Add a fresh technical signal, the TD Sequential indicator flashing a monthly buy alongside Bitcoin and Ethereum, the kind of macro-reversal signal analysts like Ali Martinez track, and the setup gets interesting.
The on-chain pulse is picking up Underneath the chart, the network is warming. New XRP wallet creation just hit a three-month high, and large-holder activity has strengthened, with whales moving coins off exchanges. Two weeks ago we covered active addresses jumping 72%; the trend has not stopped. Meanwhile Ripple’s RLUSD stablecoin has quietly settled over $2.5 billion in volume on the XRP Ledger, real utility stacking up while the price was busy going nowhere.
And the calendar catalyst is close: the CLARITY Act hearing on July 17, two weeks out, the nearest shot at the regulatory clarity XRP has waited years for.
The cold water, because you need it Balance, fast. Standard Chartered, long one of XRP’s loudest institutional bulls, just slashed its price target from $8 to $2.80, citing ETF inflows that have nearly stopped after a hot $1.3 billion launch. That is a real downgrade from a real bank, and it says the institutional money has not confirmed this move yet. The CLARITY Act remains stalled until at least the 17th. And XRP is still one bad macro day from re-fighting the $1 battle.
So the recovery case is live, not proven. That is exactly why $1.10 matters.
The levels Up: hold $1.10, then $1.16, the resistance analysts flagged for confirming a trend change, then $1.20.
Down: $1.07 is the first support from the breakout, then $1.00. Below $1, everything resets.
Bottom line XRP at $1.10 is sitting precisely on the line between bounce and recovery, with the wind finally at its back: a dovish Fed, wallet creation at three-month highs, whales accumulating, RLUSD volume building, a monthly buy signal flashing, and a six-year streak of green Julys daring history to repeat. Against that: a stalled catalyst until July 17 and a major bank cutting its target because fund flows went quiet.
Watch $1.10 on the daily closes. Hold it and press $1.16, and this recovery earns the word. Lose it and XRP goes back to grinding. Either way, the next two weeks, from this level to the CLARITY hearing, are the most important stretch XRP has had all year.
FAQ What is the XRP price today? XRP is trading at $1.10 on July 3, 2026, up 4.4% on the day and 5% on the week, sitting exactly on the level analysts say must hold for the recovery to look convincing.
Why is XRP going up? XRP is riding a market-wide rally sparked by dovish Fed comments and a $281 million short squeeze, plus its own signals: new wallet creation at a three-month high, whale accumulation, a TD Sequential monthly buy signal, and RLUSD stablecoin volume passing $2.5 billion.
Has XRP ever had a red July? Not since 2020. Every June weakness has been followed by a July relief bounce or trend change, including July 2020’s 48% surge that ended a two-year downtrend. June 2026 fell 22%, and this July has opened green. Seasonality is a pattern, not a guarantee.
Why did Standard Chartered cut its XRP target? Standard Chartered lowered its XRP target from $8 to $2.80, citing ETF inflows that nearly stopped after a strong $1.3 billion launch. It is a reminder that institutional flows have not yet confirmed the recovery.
What are the key XRP levels to watch? Hold $1.10, then $1.16 to confirm a trend change, then $1.20. Support is $1.07, then the critical $1.00. The July 17 CLARITY Act hearing is the next major catalyst on the calendar.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research.
The International Monetary Fund (IMF) has identified the XRP Ledger as one of the public blockchain networks used by financial institutions for stablecoin issuance in its latest report. This emphasis signals growing institutional attention to the XRP Ledger in the emerging field of regulated digital assets and tokenization.
Key findings from the IMF reportIn its study entitled “The Rise of Tokenization: Deciphering New Trends in Payments and Asset Tokenization,” the IMF explores how banks are leveraging blockchain technology to transform payment, settlement, and asset management processes. The Fund notes that while some financial institutions still rely on private ledgers, an increasing number are turning to permissionless networks to benefit from greater interoperability and broader market access.
The IMF highlights that certain institutions prefer permissionless blockchains for regulated stablecoin issuance, as this approach offers enhanced interoperability and wider reach in the market.
Among the examples cited in the report is Société Générale’s euro-denominated stablecoin, EUR CoinVertible. According to the IMF, this asset is deployed not only on the XRP Ledger, but also on Ethereum, Solana, and Stellar networks. Société Générale, a leading France-based banking group, is recognized as one of the longstanding pillars of the European financial system.
The impact of tokenization on financeThe IMF describes tokenization as a transformative trend reshaping global finance. By converting real-world assets—such as currencies, bonds, equities, and other financial instruments—into blockchain-based tokens, the report suggests ownership transfers can be streamlined, settlement times reduced, and operational costs lowered. The Fund also points out that tokenization can increase transparency and reduce reliance on traditional intermediaries.
Beyond these efficiencies, the report emphasizes tokenization’s potential to boost liquidity, minimize settlement risk, and broaden access to financial services. Within this context, public blockchain networks are increasingly seen as viable infrastructures for regulated financial products.
Why is institutional interest noteworthy?IMF Senior Economist Itai Agur recently characterized tokenization and programmable money as the next phase for financial markets. Agur has explained that merging programmable money with tokenized assets—enabled through smart contracts—could automate processes and deliver faster, more cost-effective, and more efficient transactions.
This perspective underscores the rationale for grouping XRP Ledger alongside Ethereum, Solana, and Stellar in discussions about next-generation financial infrastructure. As banks broaden their initiatives in stablecoins and asset tokenization, the XRP Ledger continues to attract heightened institutional interest among public blockchain networks.
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.
After last week’s steep selloff, the price of XRP is showing early signs of recovery. According to crypto analyst Ali Martinez, the SuperTrend indicator has generated its first buy signal on XRP’s four-hour chart since mid-June. Coinciding with this development, XRP has started forming a more balanced upward base between $1.08 and $1.10.
Shift in key technical indicatorMartinez notes that the SuperTrend indicator’s entry into the green zone could open a path for XRP toward the $1.25 level. This projection suggests a potential 14% price rise from current levels. Martinez also reminds investors that, in the past, a similar SuperTrend buy signal was followed by a 14% spike in XRP’s price within a short timeframe.
Mini glossary: The SuperTrend is a technical indicator that combines price and volatility data. Investors frequently use this tool to monitor trend direction and potential shifts in support or resistance.
According to Ali Martinez, the SuperTrend indicator has flashed a buy signal for the first time since mid-June on XRP’s four-hour chart, potentially paving the way for a move toward $1.25.
Historical data shared by Martinez indicates that the model provided notable signals not only in bullish phases but also during downtrends. The SuperTrend previously predicted two significant local pullbacks in XRP, marking declines of 19% and 16%. For this reason, the indicator’s renewed bullish signal is seen as a technical sign that selling pressure has weakened.
Key resistance and support levels to watchIn the near term, analysts and traders are focusing on three critical technical thresholds. First, XRP needs to establish itself clearly above the $1.10 mark. A convincing breakout here could indicate a strengthening in buy-side liquidity.
LevelSignificance$1.10First key breakout level$1.13–1.15Intermediate resistance zone$1.25Highlighted target in the analysis$1.00–1.04Support area needed to sustain the bullish scenarioThe next step involves surpassing the intermediate resistance band between $1.13 and $1.15. Temporary pauses and profit-taking may occur in this range, but breaking through it is crucial. Ultimately, crossing and maintaining levels above the $1.25 target would provide stronger confirmation that the previous downtrend has been technically reversed.
The indicator’s return to a bullish stance signals that sell orders in the order books have largely been depleted.
Conversely, for the upward scenario to remain intact, holding the $1.00 to $1.04 support block is critical. As long as XRP stays above this zone, bullish expectations are preserved. However, if the price drops below $1.04, the technical outlook could weaken, bringing the psychologically significant $1.00 level back into focus.
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.
SpaceX Stock price surged to $162 on July 3, gaining 3% as buyers returned after early pressure. The move came as President Donald Trump said Elon Musk may support the Trump Accounts program with SpaceX stock.
The sentiment was aided by wider market strength, as BTC, ETH, SOL, and XRP were up, alongside a fresh flow into digital asset funds.
Trump Thinks Musk May Donate SpaceX Stock to Children’s Accounts President Donald Trump said he believes Elon Musk may donate SpaceX stock to the Trump Accounts initiative. He said them in a Thursday CNBC interview with Joe Kernen.
Trump said he had not spoken with Musk recently, but described their relationship as positive. He cited other technology leaders that sponsored the children investment program.
JUST IN: 🇺🇸 President Trump says he thinks Elon Musk will donate SpaceX $SPCX stock to Trump Accounts. pic.twitter.com/82NQK1Wj8z
— Whale Insider (@WhaleInsider) July 2, 2026
Trump replied that he believes he will, when asked about a potential Musk donation. He cited examples of corporate support in Micron and Michael Dell.
The Trump Accounts plan creates investment accounts for children and allows outside contributions. Publicly traded shares were said to be acceptable under Treasury guidelines.
However, no final SpaceX commitment has been announced by Musk or the company. That keeps investors on the lookout to price anything before it happens.
SPCX Gains 3% as Buyers Defend Key $157 Support Zone SPCX closed at $162 after rising $4.46. The gain was a good recovery of the day’s weakness.
The stock started at around $155 and was raised by buyers above the 157.54 demand region. That area was the critical support area of the session.
Momentum later in the day increased as price approached the $160 area. There was a short pullback, but buyers came back.
During the recovery, afternoon volume rose, with greater demand towards the end of the day. That late surge brought SPCX to the resistance at the vicinity of $162.50.
After-hours trading dropped to around $160.95, with some reluctance following the surge. Nonetheless, holding a higher than $160 might now ensure the short-term structure is positive.
The move came as the wider crypto market gained 1.69% to $2.15 trillion. Bitcoin price rose over $61,800, and Ethereum gained 5%.
SpaceX Stock Price Prediction: Will SPCX Rally to $195 Soon? The current setup keeps $165 as the first breakout level for SpaceX Stock price. A close above that level on a daily basis would bring new momentum.
In case of buyers clearing above $165, the next target will be close to 180. The powerful follow-through can then lead to a door to $195.
SPCX stock Such a movement would be approximately a 20% bounce of the $162 close. The Stock price of SpaceX would validate a resurgence of strength after volatility.
Nevertheless, the optimistic opinion relies on the support above $160. Any further dip below $157 would undermine momentum and reveal $155 over the next few sessions.
A recent report that Chris Larsen, co-founder of Ripple Labs, made an investment in a startup founded by Senator Kirsten Gillibrand’s son has reignited debate around cryptocurrency regulation in Washington. The development comes as the US Senate continues its deliberations on comprehensive digital asset legislation.
Timing of the investment under scrutinyAccording to Politico, Larsen is among the investors in American Perpetuals Exchange Corp, a company established by Theodore Gillibrand. The firm is positioning itself as a platform focused on derivatives products and has recently raised $30 million in funding.
While the specific amount invested by Chris Larsen has not been disclosed, reports indicate that most backers contributed between $5,000 and $10,000 to the company. Consequently, the controversy centers less on the size of the investment and more on the timing, given current legislative discussions.
Mini Glossary: Perpetuals refer to derivative contracts with no expiry date. These products, popular in cryptocurrency markets, are often used for leveraged trading and utilize mechanisms tied closely to spot market prices.
Increased pressure on CLARITY Act negotiationsLarsen’s investment has drawn further attention because of Senator Gillibrand’s significant role in the ongoing debate over the Digital Asset Market Structure Act, also known as the CLARITY Act. This bill could define the oversight rules for cryptocurrencies in the US, directly impacting industry players like Ripple.
As a senator from New York, Kirsten Gillibrand is a prominent voice on financial regulation and has recently played an active part in negotiations over new crypto market rules in the Senate.
Gillibrand has argued that government officials must not use their positions for private gain in the industry and described the worst cases of this as “privilege in exchange for office.”
Gillibrand’s office distances itself from allegationsA statement from Gillibrand’s office referenced the senator’s disclosure dated June 18. In that statement, Gillibrand emphasized that her son is an adult running an independent business, and firmly rejected claims of personal involvement or interest in the venture.
The controversy coincides with Democratic lawmakers calling for stricter ethics provisions to be included in the CLARITY Act – a push that also surfaces amid discussions about former President Donald Trump’s links to the crypto sector.
Senate schedule complicates legislative processSenator Cynthia Lummis noted that lawmakers are evaluating issues around ethics, decentralized finance, and illicit transactions. While Republican senators are aiming for a vote on the bill in July, the 60-vote threshold ensures that Democrats retain significant negotiating power.
The Senate is currently in recess for Independence Day, with legislative sessions set to resume on July 13. The approaching August break further complicates the timeline, making the swift passage of major crypto regulations increasingly unlikely in the near term.
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.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Following weeks of low activity, XRP has seen a noteworthy 21 percent increase in trading volume over the past day, indicating a resurgence of interest in the asset. Larger market movements are frequently preceded by rising volume, even though price action is still largely contained near the $1.10 level. The abrupt rise in participation could be caused by a number of factors, the first being a wider recovery in the cryptocurrency market.
First factorThe improvement in general market sentiment is the first and most noticeable catalyst. After a dramatic sell-off in June, Bitcoin, Ethereum, and a number of other significant altcoins have stabilized. Due to its strong retail following and high liquidity, XRP is frequently among the first beneficiaries of traders' rotation back into large-cap alternative assets as risk appetite increases. Even when the token isn't driving the rally, XRP volume has historically increased in tandem with increased market activity.
XRP/USDT Chart by TradingView HOT Stories
Second factor XRP is getting close to a crucial resistance area. Technical traders are also paying attention to XRP's position on the chart. After rebounding from the psychological $1 support level, XRP is now approaching a critical resistance area between $1.12 and $1.21. The 50-day and 100-day moving averages, as well as previous support levels that became resistance following the June breakdown, are located in this area.
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Both bulls and bears become more active as the price gets closer to such a closely watched area, which inevitably increases trading volume. A rejection could lead to another wave of volatility, but a breakout above these levels would bolster the recovery narrative.
Third factorA less obvious but equally important factor is the return of speculative buyers looking for a bottom. XRP has lost a substantial portion of its value from local highs and recently completed a prolonged correction phase. Some traders may see the current levels as an appealing entry point since the price has stabilized above $1 and the RSI has recovered from oversold territory.
Signs of a growing local base can be seen in the chart, and volume spikes close to market lows frequently signify attempts at accumulation by investors prepared to take on more risk before a more obvious trend reversal appears. For the time being, XRP is still technically in a bearish structure and is below significant long-term resistance levels.
However, the recent 21% increase in volume is most likely a combo of growing bottom-fishing activity, a test of significant resistances, and improving market sentiment. XRP may soon encounter a significant technical test in weeks if buying pressure persists.
For the first time in almost a year, more wallets are pulling XRP off Binance than putting it on. It’s a small shift on its face, but on the largest XRP trading venue, a flip like this is worth paying attention to, not because it makes XRP bullish, but because the behavior underneath the price has changed.
More wallets are now withdrawing XRP from Binance than depositing, a first since July 2025. The net figure swung from +26,200 to -6,210 wallets in 23 days. XRP trades at $1.11, up 2.5%, bouncing off the $1.00-1.05 support band. The metric here tracks the difference between wallets depositing XRP to Binance and wallets withdrawing it, measured over a rolling seven-day window. For most of the past year, deposits dominated. That’s no longer the case.
On June 7, Binance recorded roughly +26,200 net depositing wallets, deposits heavily outweighing withdrawals. By June 30, that figure had fallen to -6,210, meaning withdrawing wallets outnumbered depositing ones. That’s a swing of 32,410 wallets in just 23 days. The bigger detail is the context. This is the first negative reading since July 2025, and the previous low was only -1,350. Today’s figure is about 4.6 times more negative than that, so this isn’t a marginal dip below the line, it’s the strongest withdrawal bias Binance has seen on XRP in nearly a year.
XRP multi-exchange wallet activity / Source: CryptoQuant Exchange flows carry a rough behavioral signal. Deposits generally mean coins are being positioned to trade or sell, while withdrawals often mean users are moving assets into private wallets, custodial services, or DeFi, where they tend to sit rather than get traded right away.
So a decline in depositing wallets suggests less fresh supply is arriving on Binance, which, if the trend holds, could ease some immediate selling pressure. And because Binance is the largest XRP trading venue, a decisive flip here reads as more meaningful than the same move on a smaller exchange would.
This is where it pays to be careful, because the metric has a real limitation. It measures wallets, not amounts.
One whale depositing 100 million XRP counts exactly the same as one retail wallet depositing 100 XRP. By the same logic, thousands of small withdrawals don’t necessarily mean more XRP left the exchange than came in. So the data can’t prove accumulation, and it can’t confirm that Binance’s XRP balances are actually falling. All it shows, precisely, is that wallet behavior has tilted toward withdrawals. That’s a genuine signal, but it’s a narrow one, and it’s worth holding it to exactly what it says.
How the price is reacting The price backdrop fits a market that’s bouncing without having turned. XRP trades at $1.11 on Coinbase on 3th of July, up 2.47% on the day, closing right at the session high, which tells you buyers held control into the close. The bounce comes off a local bottom in the $1.00-1.05 band printed in late June, after a steep drop from around $1.5 in early June.
XRP daily technical price chart / Source: TradingView Zoom out and the trend is still down. Since February, XRP has carved a sequence of lower highs, roughly $1.50 in February, $1.48 in May, $1.26 on the mid-June rebound, with June’s selloff the sharpest leg, falling from about $1.40 to the $1.00 zone in roughly three weeks. The current move is the second bounce attempt off that $1.00-1.05 support, which has now been tested several times and held.
The moving averages leave no doubt about the larger trend. Price sits below all three, and all three slope down:
Moving Average Level Distance Above Price 50-day $1.2083 ~8.5% 100-day $1.2981 ~16.5% 200-day $1.4863 ~33% The full bearish stack, price below the 50, below the 100, below the 200, confirms the downtrend is intact. Overhead, first resistance sits around $1.15 (the mid-June consolidation zone), then the 50-day near $1.21, which also lines up with the June rebound territory.
Momentum is improving but not convincing. RSI reads 47.7 and rising, recovered from oversold near 30 in late June, and it’s back above its signal line at 35.97, consistent with a short-term bounce, but it’s sitting in neutral territory, not the kind of strength that usually accompanies a real trend reversal. Volume is the main caveat: today’s bounce is happening on modest turnover, while the largest recent volume spike was the green bar near the mid-June lows, possible absorption, but the follow-through failed. A recovery on weak volume is exactly what makes it hard to call this a durable turn.
XRP didn’t suddenly become short-term bullish. It’s that market behavior has shifted. For weeks, Binance was taking in XRP from more wallets than it was losing; that pattern has now reversed completely, reaching its strongest withdrawal bias in almost a year, even as price stages a modest bounce inside a still-intact downtrend.
Neither signal, on its own, confirms a turn. The wallet data would need backing from falling exchange reserves or rising long-term-holder balances to become real evidence that XRP holders are moving coins off exchanges to hold them. The price would need to reclaim the 50-day near $1.21 to suggest anything more than a relief bounce. Until those confirmations show up, this is what it is: a genuine change in behavior worth watching, sitting inside the same risk-off, lower-high pattern gripping the broader altcoin market, not proof that the tide has turned.
XRP, son günlerde yeniden 1 dolar seviyesini test ederken hem kurumsal yatırımcı hareketleri hem de zincir üstü göstergeler piyasada farklı sinyaller üretiyor. Spot XRP ETF‘lerinde mart ayından bu yana ilk kez iki gün üst üste net çıkış görülürken, Binance rezervlerindeki gerileme ve teknik göstergeler ise satış baskısının zayıflayabileceğine işaret ediyor.
Haberin hazırlandığı sırada XRP yaklaşık 1,11 dolar seviyesinde işlem görüyor.
XRP ETF’lerinde Marttan Bu Yana Bir İlk Spot XRP ETF’leri, piyasaya sürüldükleri günden bu yana yaklaşık 1,5 milyar dolar kümülatif net giriş elde etti.
Ancak son iki işlem gününde tablo değişti.
ETF’lerde mart ayından bu yana ilk kez iki gün üst üste net çıkış yaşandı. Bu durum, kurumsal yatırımcı talebindeki kısa vadeli yavaşlamaya işaret etse de tek başına uzun vadeli eğilimin değiştiğini göstermiyor.
ETF çıkışlarının sürmesi halinde ihraççıların portföylerindeki XRP miktarını azaltması gerekebileceği değerlendirilirken, bunun fiyat üzerindeki etkisi piyasa koşullarına bağlı olarak şekillenecek.
1 Dolar Seviyesi Yakından İzleniyor XRP geçtiğimiz günlerde 1 dolar seviyesine kadar gerileyerek yatırımcıların dikkatini çekti.
Alıcıların devreye girmesiyle fiyat yeniden toparlanırken, piyasanın odağı kritik destek bölgelerinde kalmaya devam ediyor.
Piyasa analisti Diana, XRP’nin yeniden 1,08 doların altına gerilemesi halinde 0,87 dolar seviyesine kadar yeni bir düzeltme ihtimalinin oluşabileceğini belirtiyor.
Analiste göre buna karşılık 1,08 doların üzerinde kalıcılık sağlanması durumunda fiyatın 1,30 dolar bölgesini yeniden hedeflemesi mümkün olabilir.
Bu değerlendirme teknik analiz niteliğinde olup kesin bir fiyat tahmini anlamına gelmiyor.
Binance Verileri Satış Baskısının Azaldığını Gösteriyor Öte yandan zincir üstü veriler daha farklı bir tablo ortaya koyuyor.
Binance’te tutulan XRP miktarı son dört ayın en düşük seviyesine geriledi.
Borsalarda tutulan varlık miktarının azalması genellikle kısa vadeli satış baskısının zayıfladığı yönünde yorumlansa da bu veri tek başına fiyat yönünü belirlemek için yeterli kabul edilmiyor.
Yatırımcıların varlıklarını kişisel cüzdanlara taşıması farklı stratejilerin de sonucu olabilir.
Ali Martinez’den Uzun Vadeli Sinyal Kripto analisti Ali Martinez de teknik göstergelerde dikkat çeken bir gelişmeye işaret etti.
Martinez’e göre aylık zaman diliminde Tom DeMark (TD) Sequential göstergesi XRP için alım sinyali üretti.
Aynı göstergenin Bitcoin, Ethereum ve Solana’da da benzer sinyal verdiğini belirten analist, geçmiş döngülerde bu tür eş zamanlı sinyallerin satıcıların gücünü kaybettiği dönemlerle örtüştüğünü ifade etti.
Bununla birlikte teknik göstergeler tek başına fiyat hareketini garanti etmiyor ve yatırımcılar tarafından diğer piyasa verileriyle birlikte değerlendiriliyor.
XRP İçin Gözler Destek ve Direnç Bölgelerinde Mevcut görünümde XRP için kısa vadede 1,08 dolar seviyesi önemli destek konumunda bulunuyor.
Bu bölgenin korunması halinde piyasa yeniden 1,30 dolar direncini gündemine alabilir.
Öte yandan ETF akışları, borsa rezervleri ve zincir üstü göstergeler birlikte değerlendirildiğinde XRP piyasasında henüz tek yönlü bir görünüm oluşmuş değil.
Şimdilik veriler, kurumsal yatırımcı hareketleri ile zincir üstü göstergelerin farklı sinyaller ürettiği ve yatırımcıların yeni yönü belirlemek için kritik seviyeleri izlemeyi sürdürdüğü bir döneme işaret ediyor.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
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
Ethereum has made a notable comeback in the past 24 hours, rising more than 5 percent to once again cross the $1,650 mark. As the world’s second largest cryptocurrency by market capitalization, Ethereum has posted a weekly gain of 8.05 percent. Nevertheless, the price still lags well behind the key $2,000 level that was lost earlier this year.
Short liquidations drive the rallyA wave of forced liquidations in the derivatives market played a crucial role in Ethereum’s price rebound. Over the last 24 hours, approximately $92 million worth of short positions betting against Ethereum were closed out. Across the broader crypto asset market, total liquidations exceeded $475 million during the same period. This highlights that the rally was fueled not only by spot buying, but also by the rapid shut-down of leveraged bearish bets.
Ethereum’s futures trading volume surged by nearly 29 percent, reaching $43.4 billion. Open interest climbed above $22.8 billion, and options volume jumped about 57 percent to $915 million. The rise in both open interest and price indicates sustained influx of new capital into the Ethereum market.
Funding rates have remained in positive territory, reflecting ongoing investor appetite for long positions in the short term. This suggests traders are willing to pay a premium for maintaining bullish bets.
An eye-catching technical signal on the monthly chartAnalyst Ali Martinez noted that as July began, Ethereum’s monthly chart flashed a buy signal from the TD Sequential indicator. The same technical signal appeared in September 2022 and March 2025, each preceding major rallies of 235 percent and 182 percent respectively. The current signal has therefore drawn increased attention across the market.
Mini glossary: The TD Sequential is a technical indicator developed by Tom DeMark, aiming to spot exhaustion or trend reversal in price movements. The MVRV compares an asset’s market capitalization with its realized value to determine whether it is historically overpriced or undervalued.
Ali Martinez emphasized that the monthly TD Sequential buy signal seen at the start of July has only occurred twice before in Ethereum’s history, each time followed by a powerful rally.
Martinez also observed that Ethereum’s bounce from $1,549 coincided with the negative 1.0 sigma band of the MVRV extreme deviation model, a technical framework widely used to track historically suppressed price zones.
ETF outflows limit institutional appetiteOn the institutional side, capital flow into spot Ethereum ETFs has taken a cautious turn. Since June 17, spot Ethereum ETFs have logged a cumulative net outflow of $358.3 million. This development suggests that despite recent price gains, institutional investors have yet to trigger a significant accumulation phase.
Ted Pillows pointed out that even though Ethereum has recovered above $1,600, a solid confirmation of bullish momentum would require reclaiming the $1,700 to $1,750 range. Otherwise, the price could revisit yearly lows.
Watch these key levels: $1,700 and $1,550In the near term, the key resistance lies at $1,700. If broken, the $1,800 to $1,850 region becomes the next target, which coincides with Ethereum’s 50-day moving average. On the downside, a drop below $1,600 could mean a retest of the significant $1,550 support zone.
IndicatorLevelCurrent priceAround $1,650First resistance$1,700Upper resistance zone$1,800 to $1,850Main support$1,550Major investor moves are also under close watch in the market. Notably, “Machi Big Brother”, a well-known crypto whale, increased his Ethereum holdings after reducing exposure in some NFT assets. Such moves strengthen the expectation that some large players are eyeing current prices as an entry opportunity.
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.
Upbit will add Metaplex (MPLX) for BTC and USDT pairs and Nexus (NEX) for a USDT pair on July 3. Metaplex assists in creating infrastructure for digital assets based on the Solana blockchain, and Nexus builds a Layer 1 blockchain. Upbit, South Korea’s largest cryptocurrency exchange platform, announced the listing of Metaplex (MPLX) and Nexus (NEX). MPLX will be available to trade with BTC and USDT trading pairs on the Solana blockchain platform. NEX will be listed in the USDT market on the Ethereum network. Deposits and withdrawals will start two hours from the time of the announcement.
Scheduled Launch of MPLX and NEX Upbit has announced that MPLX will begin trading at 3:00 PM local time on July 3. Trading for NEX will be launched by the exchange at 6:00 PM local time on July 3. The users have been asked to ensure that deposits happen only through the supported blockchain networks, as deposits made via unsupported networks will not be credited. Upbit has also mentioned that insufficient liquidity may lead to delayed trading due to unfavorable market conditions.
The platform implemented temporary trading restrictions to ensure smooth market operations after listing these two cryptocurrencies. Upbit has put a restriction on buying orders in the first five minutes after trading. All orders, except limit orders, will not be available for 2 hours after listing. Upbit has put a restriction on selling orders that are at least 10% below the previous close price.
Metaplex and Nexus Extend Their Infrastructure Services Metaplex is an infrastructure protocol for digital assets with NFT support, token minting, metadata handling, and mass asset creation in the Solana and Solana Virtual Machine blockchain networks. This protocol allows the standardization of metadata of the assets along with NFT collections, compressed NFTs, and token drops using various ecosystem services. Metaplex also unveiled Agent Registry and Agent Tokens, extending the infrastructure of Metaplex in the direction of on-chain identity registration and token creation. MPLX tokens allow participating in governance, managing treasuries, and certain ecosystem services in the Metaplex DAO.
Nexus builds a Layer 1 blockchain by incorporating verifiable computation capabilities with finance use cases. This network leverages Cosmos SDK, CometBFT, and Ethereum-based smart contracts together with Nexus zkVM for the verification of computing resources from outside the chain. Nexus is also going to extend its ecosystem via Nexus Exchange and the USDX settlement ecosystem. The NEX tokens act as the native gas tokens of the network while staking and compensating computation providers. Upbit also advised users that their deposits should be in compliance with the Travel Rule.
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I specialize in Web3 and crypto writing, producing clear, research-driven content on blockchain, cryptocurrencies, and market trends.
Ethereum price traded near $1,715 on July 3, according to crypto.news price data, after rising more than 6% over 24 hours.
Summary
Ethereum reclaimed $1,700 as ETF inflows returned, but exchange netflows still warn of selling pressure. Monthly TD Sequential signals suggest seller exhaustion, while MACD and RSI show early recovery momentum. Binance withdrawal spikes point to accumulation, but rising open interest keeps volatility risk elevated. The move pushed ETH back above the $1,700 area, a level traders have watched closely after weeks of selling pressure.
The rebound came as U.S. spot Ethereum ETFs returned to inflows. On July 2, spot Ethereum ETFs recorded total net inflows of $29.08 million, according to SoSoValue data. BlackRock’s ETHA led the group with $29.74 million in net inflows, while Grayscale’s ETHE recorded outflows of $2.75 million.
Ethereum spot ETF net inflow, source: SoSoValue The token had already been eyeing a $1,700 breakout after July 1 ETF inflows returned. That earlier shift helped ease pressure around the $1,500 support region, but ETH still needed a stronger move above $1,700 to improve its short-term chart.
The next area to watch is $1,800. A clean move above that level could show that buyers are gaining control after the recent drawdown. Failure to hold $1,700 may return focus to $1,650 and then the lower support region near $1,500.
Ethereum Technical indicators improve Ethereum’s short-term indicators are showing better momentum. The MACD histogram is positive near 19.33, while the MACD line sits around -49.01 and above the signal line near -68.34. That confirms the recent bullish crossover has gained strength.
The broader signal is not fully bullish yet because both MACD lines remain below the zero line. This means downside pressure has eased, but the token has not confirmed a full trend reversal. Traders usually look for MACD follow-through toward the zero line before calling a stronger recovery.
Ethereum (ETH) price chart, source: crypto.news The RSI also improved. It stood near 51.85, above its moving average near 38.12. This move above 50 shows buyers are starting to regain control after a weak June.
Crypto analyst Ali Charts said the token has printed a monthly TD Sequential buy signal. In his view, the signal suggests seller exhaustion on a higher timeframe. He also said ETH is approaching a long-term support area near $1,100, which he described as the bottom boundary of Ethereum’s multi-year channel.
ETHEREUM: BULLISH REVERSAL SIGNAL
The month of July has officially kicked off with a massive technical signal. The Tom DeMark (TD) Sequential indicator has just printed a buy signal on Ethereum’s monthly chart.
While a lot of volatility can play out within a newly opened… https://t.co/LNkygeYlUV pic.twitter.com/U8t1iKl3Th
— Ali Charts (@alicharts) July 2, 2026 Ali Charts pointed to $3,000 as a mid-range recovery target if that lower channel holds. He also placed the broader channel ceiling near $5,000. Those levels are long-term technical targets, not short-term price calls.
ETH/BTC setup draws attention Ethereum’s performance against Bitcoin is also drawing attention. Crypto Rover said an ETH/BTC golden cross is forming, with the 50-week moving average moving toward a cross above the 100-week moving average. He said the last similar signal in 2021 came before ETH outperformed Bitcoin.
That setup matters because ETH has lagged Bitcoin during the broader market decline. A stronger ETH/BTC pair would show that capital is rotating back toward Ethereum rather than only following Bitcoin’s rebound.
ETH/BTC GOLDEN CROSS IS FORMING.
50 week crossing above the 100 week.
The last golden cross, 2021, kicked off $ETH outperformance.
The death crosses marked $ETH weakness. pic.twitter.com/AKUHlnMUqb
— Crypto Rover (@cryptorover) July 3, 2026 Derivatives data also shows rising activity. According to Coinglass data, ETH volume rose 14.48% to $44.74 billion, while open interest increased 10.64% to $24.54 billion. Options volume climbed 30.19% to $1.41 billion, and options open interest rose 6.67% to $4.43 billion.
Rising open interest can support stronger price moves when buyers lead the market. It can also raise liquidation risk if leveraged positions build too quickly. For that reason, the current derivatives setup points to more volatility rather than a clean bullish trend.
On-chain signals remain mixed CryptoQuant analyst Darkfost said Binance ETH withdrawal transactions hit their highest level in three years. Binance reportedly logged more than 166,000 withdrawal transactions in one day as ETH rebounded from the $1,500 area.
Exchange withdrawals can point to accumulation when users move coins into self-custody. They can also show funds moving into DeFi for yield. Darkfost said some withdrawals may also reflect confusion around MiCA rules that took effect on July 1, even though withdrawals were not frozen.
Ethereum (ETH) exchange withdrawing transactions, source: CryptoQuant analyst Darkfost Another CryptoQuant analyst, PelinayPA, gave a more cautious reading. The analyst said Binance ETH exchange netflow remained positive at +12,938 ETH, meaning more ETH was moving into the exchange than leaving it. Positive netflow can create selling risk because coins on exchanges are easier to sell.
That contrast keeps the short-term outlook balanced. Withdrawal transactions suggest some users may be accumulating. Positive netflow and rising open interest suggest selling pressure and leverage have not disappeared.
Institutional activity adds support Ethereum also has support from corporate and institutional activity. As crypto.news reported, Ethereum Institutional launched with backing from BitMine, SharpLink, Joe Lubin, and other contributors to support adoption by banks, asset managers, custodians, and financial firms.
BitMine has continued building its Ethereum treasury. As previously reported, BitMine added 27,084 ETH, lifting its holdings to more than 5.7 million ETH, or about 4.7% of Ethereum’s supply.
SharpLink has also kept buying during weakness. The company bought another 10,000 ETH for $16.1 million as Ethereum tested lower support.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
A technical signal appearing on Ethereum’s monthly chart has strengthened expectations that a significant bottom may be forming in the market. Crypto analyst and investor Ali Martinez stated in his assessment on the social media platform X that the TD Sequential indicator on Ethereum’s (ETH) monthly chart has generated a new “buy” signal. According to the analyst, this development indicates that a strong bottom may be forming in ETH.
Martinez highlighted the significance of the current outlook, drawing attention to past signals given by the indicator. According to the analyst, TD Sequential generated a sell signal for Ethereum in September 2021, after which the ETH price fell by approximately 78 percent.
Then, a buy signal that emerged in September 2022 was followed by a strong 235% increase. Martinez also recalled that another buy signal seen in March 2025 preceded an approximately 182% increase in Ethereum.
Ali Martinez pointed out that the signal currently seen is the first buy signal to appear on the monthly chart since March 2025. Therefore, he stated that the current technical outlook could be indicative of a larger bottom formation rather than just a short-term recovery.
According to the analyst, the relatively high accuracy rate of the TD Sequential indicator in the past suggests that selling pressure on Ethereum may be beginning to wane on a macro scale. This means that the recent price correction could be part of a larger process of forming a significant short-term or cyclical bottom.
However, market experts emphasize that technical indicators alone are not sufficient for definitive direction, and that the Ethereum price continues to be strongly influenced by factors such as macroeconomic developments, Bitcoin’s trajectory, spot ETF flows, and overall risk appetite.
*This is not investment advice.
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Key Highlights Ondo Finance introduced blockchain versions of BlackRock’s iShares Core S&P 500 ETF and Micron Technology stock on the Ethereum network First instance of third-party tokenization of US-listed securities on public blockchain infrastructure following SEC custodial guidelines Digital token owners receive complete shareholder privileges, including corporate governance voting through Broadridge’s system Tokenized equity sector expanded 147% during 2026, achieving $5.5 billion in total market capitalization Ondo’s worldwide platform encompasses over 430 stocks and ETFs with close to 181,000 distinct token holders Ondо Finance unveiled blockchain-based representations of BlackRock’s iShares Core S&P 500 ETF and Micron Technology stock this Thursday. These offerings operate within the SEC’s third-party custody framework initially detailed in January.
As America turns 250, U.S. securities have come onchain on U.S. rails.
Today, Ondo Finance announced the first-ever live solution of third-party tokenized U.S. securities operating entirely within the existing regulatory perimeter in the U.S., in partnership with @Broadridge… pic.twitter.com/auHGrXFtrv
— Ondo Finance (@OndoFinance) July 2, 2026
This represents a groundbreaking moment where a third-party entity has successfully tokenized securities listed in the United States on public blockchain infrastructure while maintaining compliance with current US regulatory standards. Earlier comparable offerings either functioned overseas or demanded direct issuer sponsorship.
The actual shares remain within the traditional US custody system. Ondo’s SEC-registered transfer agent division, Oasis Pro TA, creates digital tokens with one-to-one backing from the underlying securities. These blockchain tokens are deployed on Ethereum and maintained by licensed custodians.
Understanding the Custody Architecture Within the SEC’s regulatory structure, a third-party custodian maintains possession of the underlying securities while issuing cryptocurrency tokens that represent the investor’s beneficial ownership of those assets. Transfer limitations are administered by broker-dealers, transfer agents, and custodial institutions following established regulations.
Ondo CEO Ian De Bode stated the rollout demonstrates that securities tokenization can satisfy both marketplace demands and regulatory standards for investors in the US and internationally.
Digital token owners enjoy identical privileges as conventional stockholders. This encompasses receiving issuer notifications and participating in onchain governance voting via Broadridge’s ProxyVote.com infrastructure.
Corporate Governance Rights Extended to Tokenized Securities The collaboration with Broadridge represents a critical component of this development. Owners of more than 250 tokenized securities accessible through Ondo can now engage in proxy voting processes and review corporate documents. The integration leverages a Web3-adapted version of Broadridge’s shareholder communications technology, enabling users to verify their identity using blockchain wallets.
This resolves a frequent objection to tokenized equities — that participants would forfeit the governance privileges associated with conventional direct share ownership.
Ondо’s Global Markets infrastructure operating beyond US borders already facilitates over $1 billion in tokenized securities spanning more than 430 stocks and ETFs. In June, the firm collaborated with Exodus to introduce Exodus Markets on Solana, providing qualified participants with access to over 200 tokenized stocks, ETFs, and real-world assets.
The tokenized equity sector experienced rapid expansion throughout 2026. Market capitalization reached $5.5 billion as of June 8, representing approximately 147% growth from $2.23 billion recorded at year’s beginning. The segment currently ranks as the fourth-largest category within the real-world asset marketplace.
Aggregate tokenized stock valuation reached $1.67 billion with nearly 181,000 distinct holders, based on Ondo’s figures. The market has experienced almost 14-fold growth since May 2025.
Rival platforms including Backed Finance are similarly scaling operations, with tokenized equities now accessible through multiple cryptocurrency exchanges and blockchain ecosystems. A recent Binance analysis revealed tokenized real-world assets increased nearly 600% throughout the previous year.
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.
Remember when I kept telling you to watch the exit doors instead of the price? For weeks, Ethereum‘s supply was quietly tightening, coins leaving exchanges, staking hitting records, while the price did nothing but bleed and everyone ignored it. Well, this week the ignoring stopped.
ETH is trading at $1,719, up 6.4% on the day, the strongest of all the major coins, and up nearly 9% on the week (live ETH price on CoinGecko). And the thing that lit the fuse is exactly the kind of demand the tight supply was waiting for. Let me walk you through it.
The fund that changed the mood Here is the headline that matters. BlackRock, the world’s largest asset manager, launched a new staked Ethereum fund called ETHB, and it pulled in $100 million on its very first day.
Why is that such a big deal? Two reasons. First, “staked” is the magic word: unlike the older Ethereum ETFs, this fund passes staking yield to investors, the roughly 3% that Ethereum pays for securing the network. That was always Solana’s ETF advantage, and now Ethereum has its own yield-bearing product from the biggest name in finance. Second, $100 million on day one is a statement of demand. After months of watching money drain out of crypto funds, institutions just showed up for Ethereum with real size on the first day they got a product they liked.
And it did not happen in a vacuum. Bitcoin ETFs just logged five straight days of inflows led by BlackRock’s IBIT, the first sustained streak in months. The institutional money that vanished this spring is stepping back in, and Ethereum is getting the biggest single dose of it.
Why ETH is moving so hard Now connect this to the supply story we have been following. Ethereum’s exchange reserves have been sitting at all-time lows around 14.5 million ETH, and the staking ratio at record highs near a third of all supply. Translation: there is less ETH available to buy on the open market than at any point in years.
So what happens when fresh demand, a $100 million fund launch, a short squeeze that liquidated $281 million in bearish bets across crypto, and a dovish shift from Fed Chair Warsh, hits a market with record-thin sellable supply? Exactly what you saw: the price moves fast. A 6.4% daily jump is what a supply squeeze looks like when it finally meets a demand spark. This is the mechanism I have been describing for weeks, just running in the direction nobody positioned for.
The macro helped too. Warsh said inflation risks had eased, the first genuinely dovish note from the new Fed chair, and markets are now watching US jobs data as the next potential fuel. After a hawkish June that crushed crypto, even a small change in the Fed’s tone lands with force.
The honest caveats, as always I owe you the other side, because one great day does not erase a hard year. ETH is still down more than 60% from its 2025 high near $4,950, and this bounce, however real its drivers, has not yet broken the larger downtrend. The level that changes that conversation is $1,800, the resistance ETH rejected during the selloff, and then the big one at $2,000. Until those fall, this is a strong rally inside a bear market, not a confirmed reversal.
And remember what carried ETH down: it falls harder than Bitcoin when fear returns. If the jobs data disappoints or the Fed walks back the dovish tone, the same beta that powered this 6% jump works in reverse. Enjoy the move; respect the trend.
The levels I’m watching Above: $1,750 first, then the real test at $1,800, and the prize at $2,000, where the recovery becomes undeniable. Below: $1,650 is the first support, then $1,600, the floor that held through the worst of it. As long as ETH holds above $1,650, this breakout attempt stays alive.
Where this leaves us Ethereum at $1,719 is having its best day in months, leading every major coin, and for once the reason is concrete: BlackRock’s staked ETH fund drew $100 million on day one, right into a market with record-low sellable supply and record-high staking. The squeeze we watched build all spring finally met its demand spark, with a dovish Fed and a short squeeze as accelerants.
It is not a confirmed trend change yet, $1,800 and $2,000 stand in the way, and ETH’s high beta cuts both ways. But the thing the bears said would never come, institutional demand returning to Ethereum, just showed up with a nine-figure opening day. Watch $1,800. The quiet story is not quiet anymore.
FAQ What is the Ethereum price today? Ethereum is trading around $1,719 on July 3, 2026, up 6.4% on the day, the strongest performance among major coins, and up nearly 9% on the week.
Why is Ethereum going up today? BlackRock launched a staked Ethereum fund, ETHB, that drew $100 million on its first day, landing in a market with record-low exchange supply. A dovish signal from Fed Chair Warsh, a $281 million short squeeze, and five straight days of Bitcoin ETF inflows added fuel.
What is BlackRock’s ETHB fund? ETHB is BlackRock’s new staked Ethereum fund, which passes Ethereum’s staking yield (roughly 3%) to investors, unlike older ETH ETFs. Its $100 million first-day inflow signals returning institutional demand for Ethereum.
What are the key Ethereum levels to watch? Resistance sits at $1,750, then the key $1,800 level, with $2,000 as the milestone that would confirm a real recovery. Support is $1,650, then $1,600. Holding above $1,650 keeps the breakout attempt alive.
Is the Ethereum recovery confirmed? Not yet. ETH remains down over 60% from its 2025 high, and the larger downtrend holds until $1,800 and then $2,000 are reclaimed. The rally has concrete drivers, but ETH’s high beta means it would fall hard again if the macro mood reverses.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research.
Ethereum News: Grayscale’s Ethereum Staking ETF Just Had Its CFO Resign
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Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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Ethereum News: Grayscale Investments filed a Form 8-K for its Grayscale Ethereum Staking Mini ETF on July 2, 2026, disclosing the departure of CFO Edward McGee after seven years and his replacement by co-CFOs Kathryn Masci and Daniel Plourde on an interim basis, a governance shift at one of the most structurally sophisticated crypto ETF products currently listed in the U.S. market.
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Ethereum News: What the 8-K Actually Says, and What It Doesn’tThe 8-K filed with the SEC falls under the category covering departures, elections, and appointments of directors or certain officers, along with compensatory arrangements.
That category requires disclosure of the event but does not mandate full detail on circumstances, severance terms, or strategic rationale in the initial filing itself.
Kathryn Masci signed the filing as Co-Chief Financial Officer and Principal Financial and Accounting Officer of Grayscale Investments Sponsors, LLC.
Source: SEC FilingHer background runs through Ernst & Young and Garrison Capital before she joined Grayscale in May 2020. Daniel Plourde, the second interim co-CFO, brings institutional ETF operations experience from SPDR ETF Trusts at State Street and Gabelli Funds – a combination that reads more like deliberate succession planning than an emergency scramble.
The structural significance of this governance event is modest in isolation. McGee’s exit does not appear to implicate fund strategy, staking policy, or custody operations.
What it does add to is a pattern of active corporate housekeeping at the sponsor level throughout 2025 and 2026, including the creation of a new Board of Managers for the Sponsor on May 4, 2026 – a context that makes the July filing look like a continuation of planned restructuring rather than a reactive disclosure.
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The Fund Itself: Numbers That Matter More Than the FilingThe leadership change is the headline event, but the operational data behind the spot Ethereum ETF is where the real story sits.
The fund held over 861,000 Ethereum as of Q1 2026, up from roughly 734,000 ETH at the start of the year, net creations of approximately 218,500 ETH during the quarter, which translated to around $337 million in net inflows and ranked the fund as the top U.S. Ethereum ETP by Q1 inflows as reported by most news.
Source: BitboThe staking yield mechanics are straightforward but worth quantifying precisely. Approximately 67% of the fund’s ETH is actively staked on Ethereum’s proof-of-stake network, generating a gross staking reward rate of approximately 2.88% annualized – the trailing 60-day figure Grayscale cited in January 2026.
Q1 2026 staking income came in at $8.38 million, with net investment income of $7.41 million after the fund’s 0.15% management fee. Total staking rewards generated since October 2025 have crossed $15 million.
That 2.88% gross yield against a 0.15% fee is a genuinely competitive structure. Non-staking spot ETH products capture price exposure only; holders of those funds absorb the fee drag without the partial offset that staking rewards provide.
The question for competing issuers is whether regulatory clarity on staking in registered fund structures,still evolving as of mid-2026, will allow them to match this product’s architecture or whether Grayscale’s first-mover position in staked Ethereum ETPs hardens further.
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As the crypto market begins to see a rapid shift in investor behavior and momentum appears to be building again, Ethereum withdrawal transactions on Binance are beginning to retest record levels.
According to the latest data provided by crypto analytics platform CryptoQuant, Ethereum withdrawal transactions on Binance have surged to their highest level in more than three years.
166,000 ETH exit Binance in 24 hoursFollowing the surge in Ethereum withdrawal activity seen on the leading crypto exchange, the data further showed that Binance recorded over 166,000 ETH withdrawal activity in a single day.
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Apparently, this marks the strongest single-day withdrawal activity the exchange has seen since March 2023, signaling a sudden surge in interest among investors.
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The sharp surge in Ethereum withdrawals on Binance has sparked discussions across the crypto community amid rising curiosity about the sudden shift in investor sentiment.
While the surge happened around the $1,500 price level, analysts have predicted that investors may have considered the level as an attractive entry point, causing them to aggressively accumulate the asset at this level.
Ethereum down 67% from 2025 peakFurthermore, the surge in Ethereum withdrawals on Binance arrived at a time when Ethereum is attempting to recover after suffering a prolonged market correction.
Prior to the sudden rise in Ethereum withdrawals, the asset continued to face consistent price declines since its previous peak in early 2025.
Over this period, Ethereum has fallen by about 67%, a decline estimated to be about 15% deeper than Bitcoin's decline during the same period.
However, the past two days have seen Ethereum show signs of recovery, rebounding to above $1,700 after posting a notable increase of about 10% within just 48 hours.
July has begun on a bullish note for Ethereum price as it has finally shown signs of a relief rally after weeks of heavy selling. ETH has jumped more than 5% in the past 24 hours to trade above $1,728, extending its weekly gain to nearly 12%. The recovery comes as U.S. spot Ethereum ETFs recorded inflows for the second straight day, improving investor sentiment.
Well-known crypto chart analyst Ali Martinez believes that buying activity could help Ethereum rally towards its previous all-time high.
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Binance Records Highest Ethereum Withdrawals in Three YearsAccording to CryptoQuant analyst Darkfost, Ethereum withdrawal transactions on Binance have surged to their highest level in more than three years. The exchange processed over 166,000 ETH withdrawal transactions in a single day, a level not seen since March 2023.
Such a large spike usually means investors are moving ETH off exchanges instead of preparing to sell.
Darkfost believes much of this activity could represent long-term accumulation around the $1,500-$1,700 area. Some investors may also be moving funds into DeFi platforms to earn yield rather than leaving coins on exchanges.
He also noted that part of the spike may have been driven by confusion surrounding Europe’s MiCA regulations, as some users wrongly believed exchange withdrawals would be restricted after July 1.
Even so, the overall withdrawal volume remains unusually high, suggesting genuine buying interest is returning.
Also Read : Tom Lee Explains Why Ethereum’s Price Crash Is Not a Bearish Signal
Ethereum ETF See Continue InflowInstitutional investors are also becoming more active again. After several sessions of outflows, U.S. spot Ethereum ETFs have now recorded inflows for two consecutive trading days, attracting $14.8 million, followed by $29 million.
Leading the outflow charge is BlackRock (ETHA), which led both sessions with $36.6 million and $29.7 million in inflows, showing institutional confidence is gradually improving despite continued Grayscale outflows.
Ethereum Is Flashing a Rare Monthly Buy SignalAdding to the bullish outlook, crypto analyst Ali Martinez says Ethereum has printed a monthly TD Sequential buy signal, an indicator that has historically appeared near major market bottoms.
His monthly chart shows Ethereum trading near the lower boundary of its long-term price channel, an area that has repeatedly attracted buyers during previous market cycles.
During the last major monthly buy signal, Ethereum went on to rally roughly 236%. Another similar setup later produced a gain of around 182% before reaching cycle highs.
Based on that long-term structure, Martinez believes Ethereum is once again approaching a high-value accumulation zone.
If buyers continue defending current support, the first major upside target sits near $3,000, which marks the middle of the long-term channel. A full recovery toward the upper boundary would place Ethereum close to $5,000, matching previous cycle highs.
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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.
Ethereum cryptocurrency can be expected to rise to the next resistance level 1856.00 (target price for the completion of the active minor correction ii and the top of earlier wave 2).
Ethereum reversed from support zone Likely to rise to resistance level 1856.00 Ethereum cryptocurrency continues to rise steadily after the price reversed from the support area located between the key support level 1529.00 (which stopped the previous minor impulse wave 1 at the start of June, as can be seen from the daily Ethereum chart below) and the lower daily Bollinger Band. The upward reversal from this support zone started the active minor correction ii – which recently broke the resistance trendline from the start of May
Given the strength of the support level 1529.00 and the predominantly bullish sentiment seen across the crypto markets today, Ethereum cryptocurrency can be expected to rise to the next resistance level 1856.00 (target price for the completion of the active minor correction ii and the top of earlier wave 2).
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About the Author: Karthik Subramanian
Karthik Subramanian is a founder, writer, and technology consultant with nine years in the crypto ecosystem. He covers token economics, L1/L2 infrastructure, DeFi protocols, wallets/custody, and the bridge between crypto and forex—broker technology, liquidity, and macro drivers. Karthik’s writing focuses on clear, practical frameworks that help professionals evaluate new products and on-chain innovation alongside FX market realities.
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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Dogecoin (DOGE) price approaches $0.075 on Friday following a 3% rebound the previous day as the broader market risk-off sentiment eases. The meme coin regains retail strength as DOGE futures Open Interest and the funding rate increase. The technical outlook for DOGE reflects oversold bearish momentum, which could extend the rebound and test the breakout of the resistance trendline near $0.07766.
Dogecoin ETFs trim holdings while retail demand renewsDogecoin lacks steady institutional demand while retail support shows early signals of renewal. DOGE-focused Exchange Traded Funds (ETFs) recorded $871,110 in outflows on Thursday, marking their third-ever outflow since inception. The outflow occurs after nine consecutive sessions of zero outflow, which reaffirms a muted-to-bearish institutional outlook in the short term.
On the retail front, CoinGlass data shows that DOGE futures Open Interest (OI) is up over 7% in the last 24 hours to $1.04 billion, reflecting an increase in positional buildup, while trading volume remains steady at around $1.02 billion. In addition, the positive spike in the funding rate to 0.0099% reflects risk-on sentiment among traders, who are willing to take long positions at a premium.
DOGE ETF data. Source: Sosovalue
DOGE derivatives data. Source: CoinGlassDogecoin's recovery from key support nears key resistance trendlineDogecoin keeps steady on Friday, following a 3% surge the previous day, which indicates a minor recovery patch within a broader bearish trend. DOGE holds below the 50-day Exponential Moving Average (EMA) at roughly $0.0863 and the 200-day EMA near $0.1093.
From a technical perspective, the rebound in DOGE from the $0.0700 support level forms a morning star pattern, hinting at an extended recovery toward an overhead trendline near $0.0776. A decisive close above this level would confirm the trendline breakout, positioning Dogecoin for an extended rally toward the 50-day EMA at $0.0863.
The momentum on the daily timeframe shows easing bearish pressure. The Relative Strength Index (RSI) at 32 shows a recovery after being oversold earlier this week, while the Moving Average Convergence Divergence (MACD) has marginally crossed above its signal line, hinting at waning downside momentum but not yet challenging the dominant overhead structure.
DOGE/USDT daily price chart.On the downside, immediate support is aligned at $0.0700, ahead of a more significant horizontal floor around $0.0642, where failure would expose further weakness despite the nascent improvement in momentum indicators.
(The technical analysis of this story was written with the help of an AI tool.)
