š„ Altcoin Season Rekindled: ETH Treasuries Boom as BTC Dominance Stalls
Binance Daily Brief ā July 21, 2025 Altcoins are back in the spotlight.
The Crypto Daybook Americas kicks off this week with a clear signal: Altcoin Season may have officially returned, driven by a renewed institutional focus on Ethereum and other Layer-1 blockchains, as Bitcoin dominance holds flat despite a bullish macro backdrop.
According to the Altcoin Season Index by CoinMarketCap, levels have crossed the 50 threshold for the first time since December, signaling a broad market rotation from BTC$BTC into alternative crypto assets.
š ETH Treasuries Lead the Way
A major tailwind for altcoins is the rise in corporate ether (ETH) holdings. The recently passed GENIUS Act in the U.S.ādesigned to create a regulated environment for stablecoin issuanceāhas sparked institutional demand for Ethereum and other Layer-1s such as Solana (SOL)$SOL , XRP, and Cardano (ADA).
āTreasuries are now looking at ETH and top L1s the way they looked at BTC three years ago,ā said Singapore-based QCP Capital.
Companies like SharpLink Gaming and Bitmine Immersion Technologies now hold a combined 500,000 ETH, while The Ether Machine announced plans to list publicly with a 400,000 ETH treasury, further reinforcing Ethereumās status as a treasury-grade asset.
šŖ BTC Stalls as Altcoins Shine
BTC Dominance is flat at 60.82%, after slipping over 5% earlier this month.
Ether-Bitcoin Ratio dipped slightly to 0.0318 (-0.72%), suggesting mild pullback after strong ETH-led gains.
ETH Futures Open Interest hits a record 15.21 million ETH, while BTC Futures OI holds steady at 700K BTC.
On Deribit, ETH risk reversals show a bullish tilt with large call spread activity across tenors.
ETH sees a positive dealer gamma buildup at the $4,000 strike, signaling potential volatility suppression near key levels.
ā ļø Funding Rates & Volatility Signals
XRP and XMR funding rates are approaching 50% annualized, hinting at crowded long positions and possible liquidations ahead.
BTC funding rate remains moderate at 0.0166%, or 18.2% annualized on KuCoin.
Market watchers are closely monitoring ETH consolidation, with some suggesting a breakout to $4,250ā$4,500 could follow if treasuries continue to scale in.
š Macro + Markets Snapshot
Total Crypto Market Cap: ~$3.8 Trillion
ETH Price: $3,771.92 (+1.97%)
BTC Price: $118,675.21 (+0.62%)
CoinDesk 20 Index: 4,155.88 (+1.89%)
DXY: 98.24 (-0.24%)
Gold Futures: $3,373.10 (+0.44%)
Silver Futures: $38.81 (+0.90%)
š Key Stocks & Miners Watch
Strategy (MSTR): $431.73 pre-market (+2.01%)
Coinbase (COIN): $426.49 (+1.6%)
Galaxy Digital (GLXY): $29.81 (+9.88%)
CleanSpark (CLSK): $12.97 (+1.49%)
Riot (RIOT) and MARA Holdings (MARA) also show modest pre-market gains.
š® Outlook: Alt Season Momentum Builds
With institutional ETH demand accelerating and the GENIUS Act reshaping stablecoin frameworks, the altcoin landscape may be entering a period of structural strength. A sustained ETH breakout, particularly with strong spot treasury accumulation, could keep Bitcoin dominance suppressed for the foreseeable future.#StablecoinLaw #ETHBreaks3700 #CryptoMarket4T #NFTMarketWatch
$360M SPAC Deal Targets Ethena (ENA) as Crypto Treasury Craze Expands to Altcoins
Binance News | July 21, 2025
The crypto treasury movement is rapidly expanding beyond Bitcoin and Ethereumāand now Ethenaās ENA token is the latest target.$BTC
A new company named StablecoinX is set to go public on the Nasdaq through a SPAC merger with TLGY Acquisition Corp, in a bold plan to accumulate large volumes of ENA tokens. Backed by top-tier crypto investors such as Pantera Capital, Dragonfly, Galaxy Digital, Polychain, and Blockchain.com, StablecoinX is raising $360 million to become the first publicly traded firm focused on the Ethena ecosystem.
Key Deal Highlights:
$360M raised via PIPE (Private Investment in Public Equity)
$100M in locked ENA tokens purchased at a discount
$260M in cash earmarked for secondary ENA token buybacks
The Ethena Foundation confirmed that a subsidiary will launch a $260 million buyback program, targeting ENA tokens directly from public exchangesāadding significant demand pressure to an already surging asset.
ENA Pumps 65% This Week
Following the announcement, ENA spiked to $0.58, before pulling back slightly. It remains up 5% on the day and 65% over the past week, making it one of the top-performing tokens in the DeFi space.
Ethena's Growing Influence
Ethena is best known for powering USDe, a āsynthetic dollarā stablecoin protocol with over $6 billion in assets, combining spot crypto exposure (BTC, ETH, SOL) with short positions to generate sustainable on-chain yield. The ENA token serves as the protocol's governance and incentive mechanism.
āAs traditional finance races to crypto treasuries, weāre seeing a historic shift toward altcoin-backed investment vehicles,ā a Galaxy investor noted. āEthena is uniquely positioned with real DeFi utility and treasury-grade structure.ā
The new company, StablecoinX, is expected to trade under the ticker USDE, with the SPAC deal projected to close by Q4 2025.
Binance Takeaway
From institutional Bitcoin hoards to altcoin accumulation via SPACs, the crypto treasury trend is rewriting how public companies position for long-term value. ENAās breakout is a signal that DeFi-native tokens are entering Wall Streetās radarāand the buying pressure is just beginning.#StablecoinLaw #StrategyBTCPurchase #StrategyBTCPurchase
Polymarket Reenters U.S. Market with $112M Deal After Regulatory Probe Dropped
July 21, 2025
Crypto prediction platform Polymarket is making a bold return to the U.S. after resolving regulatory uncertainties that have clouded its operations since 2022. The New York-based company announced it will acquire QCX, a CFTC-licensed derivatives exchange, for $112 million ā marking a strategic pivot toward full regulatory compliance.
The move follows news that both the U.S. Department of Justice and the Commodity Futures Trading Commission (CFTC) have dropped their investigation into whether Polymarket violated the terms of its earlier settlement.
āThis is a major step forward,ā a company spokesperson stated. āWeāre focused on building legally sound prediction markets that empower users with real-time event pricing ā this time, with full regulatory clarity.ā
Back With a License, Not Loopholes
QCX, which received CFTC approval on July 9, provides Polymarket a legal pathway to serve U.S. users ā something it had agreed not to do after a 2022 enforcement action for operating an unregistered market. That year, Polymarket agreed to block U.S. traders and pay a penalty. However, regulators later questioned whether the company fully complied, even conducting a high-profile search of founder Shayne Coplanās home.
With the QCX acquisition, Polymarket is clearly signaling its shift away from gray-zone operations toward a regulated, licensed future.
Election Momentum & Billion-Dollar Ambitions
Polymarket gained mainstream traction during the 2024 U.S. presidential election, with its crypto-backed markets pricing real-time odds on political outcomes. The platform also lets users trade on a wide range of future events, including geopolitics, sports, and tech milestones.
The company is rumored to be closing in on a $200 million fundraising round at a $1 billion valuation, indicating strong investor confidence in its U.S. relaunch.
Crypto Insight
Polymarket's return under U.S. regulatory oversight could be a turning point for on-chain prediction markets. Its embrace of compliance over confrontation suggests a maturing crypto industry willing to play by the rules to scale.#ETHBreaks3700 #StablecoinLaw #BTCvsETH
Trump Media Confirms $2B Bitcoin Investment, Expands Crypto Treasury Strategy
July 21, 2025 ā Binance Newsroom
Trump Media & Technology Group (NASDAQ: DJT), the parent company of Truth Social, has officially confirmed its massive move into Bitcoin, revealing holdings worth approximately $2 billion. Based on current BTC prices hovering around $118,900, this translates to a staggering 17,000+ BTC $BTC under the companyās control.
In addition to direct Bitcoin exposure, DJT has allocated $300 million into an options-based strategy targeting bitcoin-related securities, signaling deeper integration with digital assets and related markets.
āWe are methodically executing our Bitcoin treasury strategy as promised,ā said CEO Devin Nunes. āThese holdings are not only a financial safeguard but also a critical component in protecting the company from potential bias by traditional banking institutions.ā
Nunes also hinted at a broader crypto ecosystem vision, confirming plans to launch a utility token designed for Truth Socialās platform, potentially integrating blockchain rewards and user incentives.
This aggressive crypto pivot follows the companyās $2.5 billion capital raise in May, aimed specifically at financing its Bitcoin-focused strategy.
Shares of DJT surged 6.5% in pre-market trading on the announcement.
Crypto Takeaway
DJTās bold strategy reinforces Bitcoinās rising role as a corporate treasury asset, further legitimizing institutional adoption across politically aligned and tech-forward organizations.
Sequans Doubles Down on Bitcoin With $150M Purchase, Total Holdings Now Over 2,300 BTC
France-based tech firm makes bold treasury bet as Bitcoin strategy intensifies.
July 21, 2025 ā Binance Newsroom
Semiconductor innovator Sequans Communications (SQNS) has deepened its commitment to Bitcoin, acquiring an additional 1,264 BTC for $150 million, as part of its expanding digital asset strategy. This new purchase brings its total Bitcoin holdings to 2,317 BTC$BTC , now worth over $270 million.
The company revealed the latest acquisition at an average price of $118,659 per BTC, inclusive of all associated costs. This moves its overall average purchase price to approximately $116,493 per BTC, showcasing strategic accumulation at key levels.
The investment closely follows a $384 million private funding round, which was secured through a blend of convertible debt, equity, and warrants. According to CEO Georges Karam, Sequans sees Bitcoin not only as a store of value but also as a hedge against fiat volatility and a long-term catalyst for financial resilience.
āBitcoin enhances our strategic positioning by reinforcing our balance sheet against macroeconomic uncertainty,ā Karam said.
Despite the bullish bet, Sequansā stock dipped 9% in Fridayās trading session. However, pre-market momentum has shown a 15.9% rebound, indicating positive investor sentiment around its crypto-forward approach.
Sequans is joining a growing list of companies integrating Bitcoin into their treasuries, echoing moves by corporate giants like MicroStrategy and Tesla. The shift reflects increasing institutional trust in BTC as a core financial asset.
š Bitcoinās Market Dominance Drops Sharply as Altcoins Take the Spotlight ā Biggest Slide in 3 Year
July 21, 2025 Bitcoin's (BTC) $BTC dominance rate has recorded its steepest weekly drop in over three years, signaling a shift in investor appetite toward altcoins amid rising market optimism and renewed capital inflows.
According to TradingView data, BTCās share of the total crypto market cap fell by 5.8% in one week, sliding to just under 61%, the lowest level since March. This marks the most significant drop since June 2022, when macro-driven market shocks triggered a similar divergence.
š Altcoins on the Rise
As Bitcoin cooled off below $120,000, the total crypto market cap surged from $3 trillion to $3.8 trillion in just three weeks. Leading this growth are Ethereum (ETH)$ETH and several altcoins, including memecoins and layer-1 ecosystem tokens, which have outperformed BTC on a relative basis.
"Altcoins are gaining traction as traders rotate capital out of BTC," noted Binance Research. "The broad-based rally suggests a growing appetite for higher beta plays."
š BTCāAltcoin Correlation Weakens
Another key dynamic is the declining correlation between BTC and altcoins, historically a precursor to increased volatility and liquidation risk, particularly for leveraged traders. As correlations weaken, price divergence becomes more likelyāraising the stakes for directional bets in both directions.
š The Role of Unit Bias in Altcoin Surge
Analysts also point to unit biasāa psychological tendency among retail investors to favor cheaper tokens over expensive onesāas a major force behind the altcoin momentum.
āAs Bitcoin pushes toward record highs, new investors often shift to tokens with lower per-unit prices, assuming they offer better value or faster growth potential,ā explained Alphractal in a recent report. āThis behavioral misjudgment often redirects flows to coins like DOGE or XRP, despite differences in fundamentals or supply.ā
This trend reinforces the growing appeal of altcoins and helps explain Bitcoin's declining dominance, even as overall market sentiment remains bullish.
š Key Takeaways
BTC dominance falls by 5.8% in one week, biggest drop since 2022.
Total crypto market cap climbs to $3.8 trillion, led by ETH and altcoins.
BTCāaltcoin correlation weakens, increasing the risk of volatility.
Unit bias drives retail preference for lower-cost altcoins.
Memecoins and small-cap tokens are among the top beneficiaries of the rotation.
š„ HOT MARKET MOMENT: DOGE Breaks Out as Institutional Volume Surges ā ETF Speculation Heats Up
July 21, 2025 Dogecoin (DOGE) $DOGE has captured market attention with a powerful 8.7% surge in the last 24 hours, marking a potential trend reversal fueled by institutional inflows and growing ETF speculation. Trading volume skyrocketed to 2.01 billion DOGEānearly triple the institutional daily average of 724 million.
š Corporate Treasuries Eye DOGE
Amid rising global economic uncertainty, some firms are starting to treat liquid tokens like DOGE as strategic treasury assets. Over the past 48 hours, institutional wallets have reportedly accumulated 1.08 billion DOGE, valued at around $250 million, suggesting increasing confidence in the meme coinās long-term role.
āDOGE is no longer just a memeāitās now a treasury diversification play,ā said analysts at Bitget.
š¼ DOGE ETF Speculation Grows
The successful rollout of ETH and XRP ETF products has sparked rumors of a potential Dogecoin ETF filing, with Polymarket showing approval odds near 80%. This narrative has only intensified the bullish sentiment.
š Price Action Recap
Session range: $0.254 ā $0.277 (8.9%)
Key breakout: 16:00 surge drove price from $0.255 to $0.277
Close: $0.271 after late-session buying and 0.74% final hour gain
Peak trade spike: 19.4M DOGE exchanged as price tested $0.272
š„Ethereum Breaks Past $3,700 as Altcoins See Strong Gains ā Market Momentum Accelerates
Ethereum (ETH) has climbed above the $3,700 mark, recording a 4.35% surge over the past 24 hours, signaling renewed investor enthusiasm across the altcoin market.
According to the latest figures from Coinglass, bullish sentiment is intensifying, with Ethereum futures open interest continuing its month-long ascent. On July 17, total open interest surpassed $50 billion and has now reached a new all-time high of $52.14 billion, equivalent to 14.31 million ETH$ETH āup 0.74% since yesterday.
š Exchange Rankings by ETH Open Interest:
Binance leads the pack with $9.33 billion.
CME (Chicago Mercantile Exchange) follows at $6.81 billion.
Meanwhile, activity in spot markets reveals strong capital flows. According to net inflow data:
Top Gainers by Net Inflow:
Litecoin (LTC): $29.83M
Solana (SOL): $15.97M
Bitcoin Cash (BCH): $7.59M
Ethena (ENA): $6.28M
BNB: $5.65M
Top Outflows:
Bitcoin (BTC): -$156M
Dogecoin (DOGE): -$40.28M
Tezos (XTZ): -$40.05M
Ripple (XRP): -$38.23M
TRON (TRX): -$23.54M
Currently trading at $3,704, Ethereum still sits roughly 24.3% below its all-time high of $4,891.70 set in November 2021. However, with rising futures interest and growing inflows into altcoins, market momentum suggests that the next major move could be closer than expected.#ETHBreaks3700 #StablecoinLaw
Asia Morning Briefing: Bitcoin Miners and Whales Signal Local Top as ETH Outshines BTC
š July 18, 2025 ā Asia Opening Update
As Asian markets open this morning, crypto traders are facing renewed volatility signals across Bitcoin and Ethereum$ETH , amid aggressive miner and whale movements.
ā ļø BTC Faces Pressure: Miners and Whales Move Over 16K BTC
Bitcoinās recent surge to an all-time high of $123,000 is now showing signs of cooling off. Overnight data from CryptoQuant revealed the largest BTC miner outflow since April ā 16,000 BTC$BTC has been sent to exchanges, a strong indication that miners are securing profits.
Simultaneously, on-chain analysis shows a spike in whale transactions, potentially reinforcing the narrative of a ālocal topā forming.
š BTC Price: $117,100
š Down from recent high, following strong institutional flows and late-day sell pressure.
š Ethereum Continues to Outperform
Ethereum continues its upward trend, maintaining strength above $3,700, up nearly 4% in the last 24 hours and 26% on the week. Analysts say the momentum is being driven by institutional rotation out of smaller altcoins and into higher-beta plays like ETH.
š° ETH Price: $3,742.88
š Bullish sentiment remains strong despite $331M in short positions ā short squeeze risk rising.
š Market Sentiment Mixed
The CoinDesk 20 Index holds steady at 4,071.75, reflecting resilient investor appetite across the board. However, low inflows into altcoins suggest market participants are cautious, either holding firmly or waiting for a new catalyst.
š Key Takeaways:
BTC miner and whale activity is at a multi-month high ā possible near-term price correction.
ETH continues to attract capital, with bullish breakout potential.
Altcoin markets remain quiet ā the calm before the next rotation?
š¦ Other Headlines:
JPMorgan: Global regulators leaning toward tokenized bank deposits over stablecoins.
Tether CEO: Will comply with GENIUS framework to enter U.S. markets.
Strange Case: California police tie manās disappearance to familyās crypto fortune.
š Market Watch:
BTC: Consolidation below key support; eyes on $115K as next technical level.
ETH: Gaining momentum; breakout above $3,800 could trigger short squeeze.
Gold: CIBC forecasts $3,600 average in H2 2025, supported by macro uncertainty and central bank demand.
š¢ Stay tuned with Binance for real-time updates, live charts, and market alerts.
šØ Crypto Surge Alert! šØ Bitcoin (BTC) just smashed through the $125K resistance, dragging the altcoin market with it! Ethereum (ETH)$ETH is eyeing $8K, while XRP and DOGE are gaining massive traction. š¤
Analysts say this could be just the beginning of a parabolic bull run. Institutions are buying in, retail interest is soaring, and whales are on the move. Donāt get left behind!
š Nowās the time to DYOR and load up your bags before the next leg up.
Follow for daily crypto updates and Binance-exclusive market insights
Is Buying 1,000 XRP for $3,600 Still Worth It? Experts Say Itās āInsaneā ā Early Buyers Got Lucky
The XRP community is abuzz as the token continues its remarkable rally, crossing the $3 mark and climbing toward new highs. With XRP$XRP now trading at $3.58, industry voices say accumulating 1,000 XRP has become an increasingly difficultāand expensiveāgoal for the average retail investor.
Early Investors Hit the Jackpot
According to several crypto analysts and influencers, those who bought XRP when it was trading under $1 have made a deal of a lifetime. Not long ago, 1,000 XRP could be acquired for just $500. Today, that same amount will cost nearly $3,600āan increase of over 600% in less than a year.
āThinking you could buy 1,000 XRP$XRP for under $1,000 just months ago feels unreal now,ā said James Jay, better known as āSix8Jayā on crypto Twitter. He added that reaching this kind of position is no longer feasible for many retail traders due to budget constraints.
Xena, another prominent figure in the XRP space, echoed the sentiment, calling it āinsaneā how far XRP has come in such a short time. āPeople donāt realize how lucky early investors were. This kind of opportunity doesnāt come twice,ā she tweeted.
Why 1,000 XRP Is a Must-Have, According to Experts
Before XRPās most recent rally, crypto strategist Edoardo Farina advised his followers to accumulate a minimum of 1,000 XRP before October 2025. At the time, 1,000 XRP was priced around $2,300āa figure that seems like a bargain compared to today.
Farina pointed to growing support for digital currencies by central banks, particularly comments by ECB President Christine Lagarde. He suggested that XRP could become a key player in cross-border payments within the Eurozone.
Future Outlook: $50K Return?
Crypto analyst Dustin Layton believes this is just the beginning. In a recent statement, he projected that 1,000 XRP could be worth at least $50,000 by the end of 2025. If true, that would mean a potential return of $46,400 on todayās $3,600 investment.
While that may sound ambitious, many in the XRP community are optimistic. The sentiment is clear: those holding XRP now might still be earlyābut not for long.
Disclaimer:
This content is for informational purposes only and should not be interpreted as financial advice.
š° Dogecoin Roars Back After Flash Crash ā Bulls Eye $0.27 as Momentum Builds
After a volatile 24-hour session, Dogecoin (DOGE)$DOGE has staged an aggressive comeback, surging nearly 8% to reclaim critical support and reignite bullish sentiment across the memecoin sector.
š„ DOGE Rebounds Strongly After Flash Dip
Between July 18 (06:00) and July 19 (05:00), DOGE swung within a sharp $0.2267ā$0.2560 range. After tumbling to a session low of $0.2267 under intense sell pressure, buyers stepped in hardātriggering a rapid rebound that pushed the price to $0.2561 before settling at $0.2533.
š Volume Speaks Loudly
Trading activity exploded in the final hour, with volume spiking to 1.66 billion, far exceeding the daily average. Whale accumulation and strong dip-buying behavior suggest that major players are positioning for a continued breakout.
š¦ Bit Origin Makes History With $500M DOGE Treasury Plan
Adding fuel to the rally, Bit Origin announced a stunning $500 million allocation to build DOGE-denominated treasury reservesāmarking the largest institutional move into the meme token on record. This strategic pivot has reignited interest from both retail and institutional circles.
š DOGE ETF Approval Odds Hit 80%
Speculation around a potential DOGE ETF continues to mount, with Polymarket pricing in an 80% chance of approval by September. Analysts believe regulatory clarity could act as a massive catalyst for further gains.
š Key Levels to Watch:
Support: $0.2267 (volume-backed bounce zone)
Resistance Flipped: $0.2500 now acting as support
Next Targets: $0.2670 and $0.2825, according to technical analysts
š Short-Term Outlook:
With strong fundamentals, rising institutional interest, and ETF speculation heating up, Dogecoin may finally be breaking free from its 10-month consolidation. A confirmed breakout above $0.2670 could open the path toward a larger upside structure.
š¢ Trade the trend. Follow the money. Stay ahead with Binance ā where memecoin momentum meets real market depth.
š° Trump to Sign Historic GENIUS Act Into Law ā A New Era for Stablecoins and Crypto Innovation
As āCrypto Weekā wraps up, the United States is preparing to take a landmark step in crypto regulation. President Donald Trump is expected to sign the GENIUS Act, a groundbreaking bill that could shape the future of stablecoins and digital finance in America.$TRUMP
š” What is the GENIUS Act?
Originally introduced in the Senate, the GENIUS (Global Economic National Innovation in U.S.) Act establishes a clear regulatory framework for U.S. dollar-pegged stablecoins ā digital assets like USDT (Tether) and USDC (Circle) that are crucial for global crypto trading and cross-border payments.
š With a combined market cap of over $267 billion, stablecoins have become the backbone of liquidity in the digital economy. Whether used as trading pairs on Binance or as dollar substitutes in regions facing currency instability, stablecoins are vital tools for both institutions and everyday users.
šŗšø Why This Matters for the U.S. and the World:
āThis bill will empower American businesses and consumers to leverage the next phase of financial innovation,ā said Senator Kirsten Gillibrand, a long-time advocate for crypto regulation. The GENIUS Act is seen as a strategic move to keep the U.S. competitive in the global Web3 and fintech race.
š What to Expect Next?
Clearer compliance guidelines for stablecoin issuers
Boost in investor confidence and institutional adoption
A potential increase in stablecoin-related trading volumes on platforms like Binance
š„ Bottom Line:
The GENIUS Act could be a turning point for crypto in the U.S., laying the groundwork for responsible growth while maintaining innovation. Traders and investors should keep an eye on how this law reshapes the stablecoin landscape.
š¢ Stay ahead of the curve with Binance ā Your gateway to regulated, global crypto trading.
šØ Matrixport Warns: Bitcoin Rally May Pause Before Next Leg Up
Desite Bitcoinās strong bullish momentum in recent weeks, crypto finance firm Matrixport is sounding a cautious note. In its latest āMatrix on Targetā report, the firm suggests that BTC may face a short-term correction ā even as broader macroeconomic conditions remain favorable.
š Short-Term Correction Ahead?
Matrixport analysts note that although BTC $BTC has climbed steadily from $16,000 over the past 18 months, several key indicators now suggest a pause or pullback may be imminent.
š¹ Support Range: $106,000ā$108,000
š¹ Target Resistance: $122,000
š¹ Timeframe: Possible consolidation in the next 1ā2 months
While the long-term trend remains intact, the report highlights that technical momentum is weakening, pointing toward a healthy cooling-off phase before any attempt to break above $122,000.
ā ļø RSI Signals Overbought Territory
Technically speaking, Bitcoin is showing signs of being overbought:
The Relative Strength Index (RSI) has climbed above 70 ā often a red flag for short-term corrections.
Matrixport suggests that a pullback to the $106Kā$108K zone could act as a springboard for the next leg up.
This correction, they argue, would be part of a healthy market cycle, rather than the end of the bull run.
š¦ Macroeconomic Winds Are Favorable ā For Now
The firm also acknowledges that U.S. macroeconomic conditions remain supportive:
June inflation fell to 2.8%, below expectations
Hopes are rising for a Federal Reserve rate cut
While these developments are buoying investor sentiment, Matrixport cautions that āover-optimismā could introduce downside risk, especially if the Fed delays action.
šļø The July 30 FOMC meeting could bring signals, but September remains the more realistic window for an actual rate cut.
ā” Watch for Technical Patterns: Blow-Off Tops & Double Tops?
The report concludes with a warning: rapid price spikes can lead to classic technical traps, such as:
Blow-off tops ā sharp highs followed by rapid declines
Double tops ā potential reversal formations that can signal trend exhaustion
š Final Take
While Matrixport believes Bitcoinās long-term bullish structure remains solid, short-term caution is warranted. A correction could set the stage for stronger gains ā but only if support at $106K holds.
š¢ What do you think? Will BTC pull back before pushing to $122K? Or are bulls ready to break through resistance?
š„ Market Heats Up as Ethereum Leads Altcoin Rally ā $5.8B in Options Expire!
As Bitcoin (BTC) steadies after reaching historic highs last week, Ethereum (ETH)$ETH and altcoins are charging ahead with renewed momentum.
š Over the past 7 days, ETH has surged more than 20%, reclaiming its leadership role in the market. Major altcoins like XRP$XRP , Cardano (ADA), Dogecoin (DOGE), and Stellar (XLM) have followed closely behind, posting double-digit gains.
ā³ Options Expiry Alert: Nearly $6B on the Line
Today, July 18, marks a critical expiry for crypto options contracts ā a regular Friday event that often brings short-term volatility.
š According to Deribit data:
$4.95 billion in BTC options are set to expire
$880 million in ETH options are also on the table
Hereās what the metrics say:
BTC Put/Call Ratio: 0.78
Max Pain Point: $114,000
ETH Put/Call Ratio: 1.04
Max Pain Point: $2,950
The "max pain point" represents the price level where the most options traders face losses ā a spot that often acts like a magnetic target for market forces.
š As the expiry approaches, expect sharp movements. With BTC currently trading above $114,000 and ETH above $2,950, some speculate whales or institutions may steer prices closer to these pain points.
š§ Institutions Are Entering ā FOMO Builds
According to analysts from Greeks.live, Ethereum is driving this leg of the bull market ā and it's reshaping market sentiment fast.
"Ethereum is leading the recovery of altcoins. The uptrend has continued with no significant correction, fueling optimism and new inflows,ā analysts said.
They further noted:
Institutional interest is rising rapidly
Call (bullish) options are gaining popularity
The market is nearing FOMO (Fear of Missing Out) levels
š With institutions adjusting positions and altcoins thriving under ETHās lead, momentum is clearly favoring the bulls.
š” Final Thoughts
As the crypto market braces for a potential volatility spike following today's massive options expiry, all eyes remain on BTCās $114K and ETHās $2,950 levels.
Whether itās a trap or a launchpad ā this week could set the tone for the rest of July.
šØ OG Bitcoin Whale Awakens After 14 Years! 40,000 BTC on the Move? One of the oldest Bitcoin wallets, silent for over a decade, just moved 40,192 BTC$BTC (~$4.75B)! š Is the whale preparing to sell ā or just flexing power? š Bitcoin price reacts, and traders are on high alert. š Market watching closely ā what's next?