📊 JUST IN : Bitcoin hits $113,000 | Crypto PM on Binance Square

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📊 JUST IN : Bitcoin hits $113,000

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0

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$FUN 19.6% 24-hour surge is driven by deflationary token burns, technical breakout momentum, and bullish sentiment around its Web3 gaming roadmap. 25M token burn (June 24) reduced supply, backed by ecosystem revenue. Technical breakout above a 7-year resistance trendline targets $0.053. Upcoming mobile wallet (Q3–Q4 2025) and gaming integrations fuel speculation. Deep Dive 1. Primary Catalyst: Deflationary Mechanics 25M FUN burned (0.23% of supply) on June 24, funded by platform revenue (Bitcoinist). CertiK audit confirmed immutable contract with no minting functions, ensuring permanent supply reduction. Burns are tied to ecosystem growth (e.g., Telegram bot users up 12% weekly), creating a feedback loop of scarcity. 2. Technical Context Breakout from 7-year resistance: FUN surged past a descending trendline that capped prices since 2018 (CryptoNewsLand). Overbought signals: RSI-7 at 88.99 suggests short-term overheating, but MACD bullish crossover supports momentum. Next resistance: $0.017–$0.020 (38.2% Fib level), with Fibonacci extensions pointing to $0.025–$0.030 mid-term. 3. Market Dynamics Gaming narrative: 105K+ Telegram users and 40+ planned GameFi titles (Q4 2025) align with sector interest. Low correlation to BTC: FUN’s 311% 30-day gain vs. BTC’s +7.7% shows coin-specific demand. Exchange listings (Poloniex, HTX in July 2025) improved liquidity, with 24h volume up 91% to $63.6M. Conclusion FUNToken’s rally combines deflationary tokenomics, technical momentum, and Web3 gaming adoption – but RSI warns of potential consolidation. Will sustained ecosystem revenue outpace profit-taking pressure as prices test multi-year highs? #fun #FUNTOKEN

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$XLM surged 27% in 24 hours due to protocol upgrade anticipation, real-world asset (RWA) adoption, and bullish market dynamics. Protocol 23 upgrade (August 14) introducing smart contracts and scaling improvements Franklin Templeton’s $445M US Treasuries tokenization on Stellar Technical breakout above key resistance with 245% volume spike Deep Dive 1. Primary Catalyst: Protocol 23 Upgrade & Institutional Adoption Protocol 23 (mainnet vote August 14) will enable smart contracts and boost transaction capacity via parallel processing (CAP-0063) and state prioritization (CAP-0062) (Coinspeaker). Franklin Templeton tokenized $445M in US Treasuries on Stellar, reinforcing its RWA credentials and attracting institutional interest. 2. Technical Context: Breakout Confirmation Price broke above $0.319 (upper Bollinger Band) with 245% surge in 24h volume to $2.09B. MACD histogram turned positive, and RSI (74.7 on 15m) signals momentum, though nearing overbought territory. Next resistance: $0.42–$0.45 (Fibonacci 0.618 level and VWAP alignment). 3. Market Dynamics: Altcoin Rally & BTC Correlation Bitcoin’s new ATH ($118K) fueled risk-on sentiment, with XLM outperforming most top-20 cryptos (CryptoSlate). Altcoin Season Index rose 3.57% in 24h, with capital rotating into large-cap L1 tokens like XLM, XRP, and ADA (The Defiant). Conclusion XLM’s rally combines protocol innovation, RWA traction, and favorable market conditions. Watch the $0.37–$0.42 zone for confirmation of sustained momentum. Could Stellar’s pivot to smart contracts position it as a dark horse in the Layer 1 race? #XLM

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Let this sink in Bro… • Bitcoin produces ~450 BTC/day • Yesterday, ETFs bought ~10,000 BTC That’s more than 22x daily supply 😳 Bitwise CIO Matt Hougan just casually confirmed it. If you’re still waiting for a signal… this might be it. 🧠 Is the supply squeeze already underway? #BTCBreaksATH

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$FORM rose 11.2% in 24 hours, driven by bullish technicals, market-wide momentum, and ecosystem updates. Market-wide rally: Bitcoin’s 3.5% surge lifted altcoins, with FORM benefiting from risk-on sentiment. Technical breakout: FORM reclaimed key Fibonacci levels and entered overbought RSI territory. Ecosystem activity: Recent exchange listings and social media hype around its role as BNB Chain’s meme launchpad. Deep Dive 1. Market Dynamics The broader crypto market added $150B (+2.04%) in 24 hours, fueled by bullish macro factors: US-Vietnam trade deal: Tariff reductions boosted investor confidence in risk assets. Bitcoin ETF inflows: $407.8M inflows on July 2, led by Fidelity and Ark Invest, strengthened BTC’s rally. Short squeeze: $248.85M in short liquidations forced rapid buybacks, amplifying upward moves. FORM’s 341% 24h volume spike to $61.3M suggests it rode this wave, though its -3.3% drop on July 3 shows recent volatility. 2. Technical Context Key indicators signal bullish momentum: RSI14: 71.77 (approaching overbought) MACD: Bullish crossover with histogram at +0.0356 Price action: FORM broke above the 23.6% Fibonacci retracement ($3.31) and pivot point ($3.33), targeting the 38.2% level ($3.08) next. However, the RSI7 at 81.99 warns of potential profit-taking. 3. Ecosystem Developments Recent updates strengthened FORM’s narrative: Exchange support: OrangeX and Bitvavo listed FORM in March 2025 post-BNX migration, improving liquidity. Social momentum: The team tweeted “New All-Time High for $FORM!” on July 11, driving retail FOMO . Launchpad positioning: Analysts highlight FORM as BNB Chain’s default meme launchpad, attracting speculative interest (0xchangan). Conclusion FORM’s rally reflects a blend of macro tailwinds, technical momentum, and renewed focus on its BNB Chain niche. While bullish signals dominate, the overextended RSI and 51.97% top-holder concentration (CoinMarketCap) warrant caution. What catalysts could sustain FORM’s momentum beyond short-term speculation? #FORM

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$PENGU Pudgy Penguins surged 27% in 24 hours due to Coinbase’s high-profile endorsement and bullish ETF speculation. Coinbase spotlight: X profile changed to Pudgy Penguins NFT, signaling institutional alignment. ETF momentum: SEC acknowledged Canary Capital’s PENGU ETF filing, fueling memecoin legitimacy hopes. Technical breakout: Cleared key resistance levels with overbought RSI (80.69) signaling strong momentum. Deep Dive 1. Primary Catalyst: Coinbase’s Cultural Endorsement Coinbase updated its X profile to a Pudgy Penguins NFT on July 11, 2025, triggering immediate speculation about deeper Web3 integration. This move: Validates Pudgy Penguins’ brand strength (Walmart toy line, 9.65 ETH NFT floor price) Amplifies visibility to Coinbase’s 110M+ users, driving retail FOMO Mirrors past exchange-driven rallies (e.g., Robinhood listing pumps) The timing aligns with PENGU’s 49% weekly gain, suggesting coordinated narrative-building. 2. Supporting Factors: ETF and Memecoin Hype Cycle SEC acknowledgment: The Canary Spot PENGU ETF filing (Canary Capital) became the first NFT-linked ETF proposal to enter formal review. While approval odds remain ~50%, the novelty factor drove speculative volume ($1.55B 24h turnover). Sector rotation: NFT-linked tokens rose 16.9% as Bitcoin dominance dipped to 63.84%, per global metrics. Memecoins like DOGE (+12.6%) and PENGU outperformed BTC’s 3.3% gain. 3. Technical Context: Overbought but Unstoppable RSI14: 80.69 (extremely overbought but holding) MACD: Bullish crossover with histogram rising (+0.000701) Fibonacci: Price broke past 23.6% retracement ($0.02037), eyeing 38.2% ($0.01797) Volume: $1.55B traded (+33% vs prior day) confirms conviction While RSI warns of pullback risk, the 7-day SMA ($0.017) now acts as support. Conclusion PENGU’s surge combines cultural validation (Coinbase), ETF speculation, and memecoin mania – but sustainability hinges on ETF progress and Bitcoin’s stability. Can PENGU maintain momentum if the SEC delays its ETF decision beyond August 2025? #pengu

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