📈 Friends, the week started great. Bullish. Bitcoin above $ | TopCryptoNews on Binance Square

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Bullish

📈 Friends, the week started great. Bullish.Bitcoin above $121,000
Altcoins are growing.
#BTC #bitcoin $BTC 

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💥 $HBAR Price Can Rise Another 27% as Mega Whales Tighten Grip on Supply The bullish momentum in Bitcoin and Ethereum seems to be spilling into altcoins, and HBAR is showing strong signs of accumulation. The price has already bounced back above $0.23 after a minor correction, and fresh whale demand could push the rally further in the coming days. 🔸 Mega Whales Accumulate at Fastest Pace This Month Whale wallets holding over $10 million worth of HBAR jumped from 81.72% to 87.56% between July 9 and July 15, according to the Hedera whale tracker. These mega whales now hold the highest share of supply seen in recent weeks. This sharp increase suggests high-conviction buying by large holders, often a sign of expectation for higher prices ahead. When deep-pocketed investors increase their stakes rapidly, it signals confidence, or alleged inside knowledge, in future upside. 🔸 Chaikin Money Flow Cools Off, Room to Run The Chaikin Money Flow (CMF), which tracks the volume and direction of money flowing in and out of an asset, had hit slightly overbought levels during HBAR’s recent rally. But as of July 15, the CMF has cooled off, indicating that the asset may have reset enough for bulls to push further. The HBAR price corrected over 9% day-on-day as the CMF cooled down, but quickly recovered to trade above $0.23 currently. CMF turning neutral after a price cooldown typically sets the stage for another breakout, especially when whales are simultaneously accumulating. 🔸 #HBAR Price Analysis: 27% Rally Still in Play HBAR is currently trading just above $0.23, having reclaimed that level after a 9% daily correction. This zone now acts as a key support level for the bulls to defend. The next upside target sits at $0.29, which marks a 27% rally from current prices, based on the levels projected by the Trend-based Fibonacci extension indicator. Trend-based Fibonacci extension is a tool that projects possible future resistance levels by measuring the length of a past price move and extending it forward from a key retracement point.

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🚀 Bitcoin Rally Stalls as Long-Term Holders Cash Out Bitcoin retreated from Monday's record high of $123,000 to trade below $117,000, about 5% below the peak, as investors locked in gains earned during the weekend rally in one of the largest profit-realization events for bitcoin this year. Glassnode data shows that investors collectively realized $3.5 billion in profit over the past 24 hours, with the majority going to long-term holders — defined as those who bought more than 155 days ago, who accounted for 56% of the total. The largest cryptocurrency's rapid rally from $108,000 to $123,000 left a notable supply gap because the swift price action meant little trading activity occurred in the $110,000 -$116,000 range. Glassnode’s UTXO Realized Price Distribution (URPD) sheds light on the move. It measures the so-called unspent transaction outputs (UTXO), which capture the prices at which bitcoin was bought and not sold. It represents the prices at which BTC is currently being held across the Bitcoin blockchain. 🔸 BTC: URPD (Glassnode) Each bar in the chart shows the amount of bitcoin that last moved within a specific price range. The entity-adjusted version of this data show above accounts for the average purchase price of each entity’s full balance and excludes internal transfers between addresses owned by the same entity, which do not represent genuine market activity. It also filters out supply held on exchanges, because aggregating millions of users’ funds into a single price point would create distortions in the data. With minimal supply sitting between $110,000 and $116,000, as shown by the dip at the right-hand side, the market remains vulnerable to sharp moves in either direction. #BTC #Bitcoin

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🔥 $XRP Could Double Its Market Share in ETFs, Predicts Market Veteran In a recent interview, Steven McClurg, CEO of Canary Capital, shared some interesting thoughts about XRP’s future in the financial world. According to him, cryptocurrencies like XRP and Ethereum could soon hold a bigger share of the market, especially in terms of assets managed through ETFs (Exchange-Traded Funds). Currently, Bitcoin leads with around 5.6% of market share in ETFs, while Ethereum sits at about 3%. McClurg said it’s possible for XRP and ETH to reach around 6% in the future as more people start understanding how these assets work as financial tools. While Ripple, the company behind XRP, faced legal challenges over the years, it built strong partnerships worldwide. He said that Ripple is now well-positioned to compete with traditional financial systems like Fedwire, something that didn’t seem possible a few years ago. On the topic of investments, McClurg said that some investors will prefer ETFs for their simplicity and transparency, while others might go for companies holding cryptocurrencies like XRP as part of their treasury. He expects a mix of both, with some people choosing to invest directly in crypto-backed ETFs, while others might opt for companies managing digital assets. Overall, McClurg believes Ripple is one of the strongest contenders in the race to modernize financial transactions, and XRP could play a big role in this growing market. When asked about altcoin season, he added that while Bitcoin is expected to climb towards $140,000, some altcoins will follow, though not all will reach new highs. “I don’t see Solana or Ethereum breaking new all-time highs this year,” McClurg said. Instead, he said that newer tokens like SUI, Injective, and Axelar have a better chance of hitting fresh records. As for XRP, McClurg said its price movement will likely depend on ongoing legal and regulatory developments, but he does expect it to hit a new high for this year, even if not an all-time record. #XRP #Ripple

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🟠 We are seeing a short squeeze in Bitcoin as bears who bet against the rally are being forced to buy back in. #BTC #bitcoin $BTC

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