According to the current liquidation map, the market remains predominantly bearish. Based on the current Bitcoin price around $117,200, if the market fluctuates up or down by $2,000 and rises again to around $119,200, it is estimated that approximately $654 million in short positions could be liquidated. Conversely, if the market falls to around $115,200, it is estimated that approximately $1 billion in long positions could be liquidated.
In terms of market direction, the daily chart is generally in a downward oscillation. Currently, the overall market trend seems to be a downward oscillation, and the overall wave is not very large. However, attention should be paid to potential risks if the market falls below key support levels. As for Ethereum, the overall daily trend is still upward; even if the overall market pulls back, Ethereum's performance remains strong. Many capable altcoins have already risen alongside Ethereum, showing significant gains, which indicates that the market is in a state of greed.
I personally believe it is important to pay more attention to the overall market and Ethereum. Once the overall market truly changes direction, it will also affect Ethereum's trend. With Ethereum experiencing a one-sided upward trend recently, it is increasingly important to be cautious of significant pullback risks, as the market cannot rise indefinitely; this is a rule. Therefore, I still recommend focusing on short-term or swing trading, maintaining stop losses, and staying rational. This week, the news to pay attention to includes developments in U.S. crypto regulations and Trump's tariff dynamics.
3 altcoins set to surge 10 times!
1.CKB
Nervos is rapidly becoming one of the most worthwhile cryptocurrencies to invest in, thanks to an astonishing 67% increase in the past day and a 109% increase since June. Despite the overall market's weakness, Nervos continues to perform well. Its current trading price is only $0.007284, far below its historical high of $0.044, indicating significant upside potential.
From a technical perspective, the RSI is at 73.06, indicating that the market is in an overbought state, so a pullback may occur soon. However, the MACD has turned bullish, and the price remains above the 7-day simple moving average. If CKB can break through the Fibonacci resistance level near $0.00524, it may trigger a new round of increases. If it fails to break through, a short-term pullback may provide new entry points for interested investors.
More important than the charts is the strategic shift of Nervos. It is now focusing on Bitcoin Layer 2 infrastructure, with RGB++ and Fiber Network being major advancements. These upgrades aim to scale Bitcoin transactions, an area long dominated by Ethereum-compatible blockchains. Shifting from EVM-based solutions like Godwoken to a Bitcoin-first framework could open up unique growth paths, especially as BitcoinFi gains mainstream attention.
KuCoin has recently supported the network upgrade on July 8, which may enhance accessibility for retail investors. CKB is currently valued at only $237 million, further enhancing its appeal and creating asymmetric upside potential for early adopters. However, the energy usage controversy surrounding its proof-of-work (POW) model and competition from Ethereum and the Lightning Network still need to be considered. If Nervos can leverage its RISC-V design to surpass EVM alternatives, it is expected to make significant progress in the Layer 2 competition.
2.ATOM
Cosmos is not just a blockchain, but the internet of blockchains. It enables independent blockchains to interoperate securely through IBC and positions ATOM as the economic pillar and shared security token of the Cosmos ecosystem. It strategically supports specific application chains and sovereign blockchains that aim for seamless interoperability.
The current momentum stems from a resurgence of developer interest and institutional adoption. The recent Gaia v25.1 upgrade has enhanced the stability of the Cosmos SDK, and major exchanges such as Binance, OKX, and Crypto.com have deployed public chains built on the SDK, demonstrating a continuous increase in ecosystem trust. Coupled with a new round of staking activities and tool expansions, ATOM has gained new utility outside of the DeFi space.
In terms of price, ATOM is trading at approximately $5.16, up 6.0% today and 11.24% over the past week. ATOM is showing a bullish structure, forming a classic V-shaped rebound in the $4.80 to $5.00 range and breaking recent resistance levels. It is predicted that ATOM will rise another 5-7%, reaching around $5.00, consistent with seasonal cycle trends.
Cosmos has announced that ATOM and OSMO staking features are now live on the Revolut app for users in the UK and the European Economic Area. With this update, users can stake tokens directly in Revolut and receive 100% on-chain rewards without any fees from the app. Notably, the current staking rates for ATOM and OSMO are 20% and 30%, respectively, indicating high user engagement and a growing demand for passive income options.
This is significant for Cosmos and its ecosystem. Staking through mainstream fintech applications like Revolut will promote ATOM to a wider audience, including those who typically do not participate in DeFi. It provides investors with a user-friendly, fee-free way to earn yield, enhancing the token's utility and boosting confidence for long-term holders. This also indicates that Cosmos is serious about achieving the adoption of ATOM through everyday financial tools.
3.KDA
Kadena is the only scalable, enterprise-grade, application-oriented proof-of-work Layer-1 protocol. It supports both Pact and Solidity languages and is enterprise-centric, aiming to connect traditional financial systems with the reliability of blockchain.
Recent catalytic initiatives include collaborating with fintech giant Ownera for institutional asset tokenization and partnering with Argument (formerly Lurk Lab) to build a zero-knowledge bridge, promoting secure and scalable cross-chain communication. These initiatives are not just superficial; they position Kadena as a compliant and scalable infrastructure layer for DeFi and institutional finance.
From a market perspective, KDA is trading close to $0.5723, up 14.2% today, with a significant intraday rise, and the weekly gain may reach 26.7%. This increase aligns with news reports and a technical breakthrough at the $0.50-$0.55 resistance level, indicating an increase in institutional capital inflows, which is closely related to Kamena's upgrade stack and enterprise positioning.
Kadena has introduced Uniswap v3 and Morpho lending features to its brand-new Chainweb EVM, a scalable proof-of-work network designed for DeFi. This integration is supported by Oku, allowing users to trade, lend, and manage liquidity on a single dashboard with the advantages of fast final confirmation, low fees, and no bridging required. Currently, the total liquidity of the two protocols has exceeded $9 billion, marking their first collaborative operation on a PoW chain.
This is significant for the ecosystem. It provides DeFi users with a secure, scalable Rollup alternative while attracting new liquidity to Kadena. With a $50 million funding fund supporting innovation, Kadena is poised to become a true hub for DeFi builders and investors.