According to the current liquidation map, the market is currently dominated by bulls. Based on the current Bitcoin price around $108,700, if the market fluctuates up or down by $2,000 and rises again to around $110,700, the estimated cumulative liquidatable short position will be about $1.34 billion. Conversely, if the market drops to around $106,700, the estimated cumulative liquidatable long position will be about $2.025 billion. Yesterday, the Bitcoin ETF saw an inflow of $214 million, while the Ethereum ETF saw an inflow of $19.2 million.
Market direction is expected to continue to oscillate upward in the short term. From the current market trend, shorts were cleared last night, leading to a temporary consolidation phase. However, the upward momentum remains strong, and Ethereum and most mainstream coins have also risen, especially in popular sectors like MEME and AI, indicating that market sentiment has become more active. On a larger cycle level, the market has reached the upper boundary of the range, so special attention is required. Personally, I believe that as the market rises, the focus should shift to the vicinity of 11,000; if it breaks through this larger cycle level, it may easily reach new highs. Conversely, if it fails to maintain this upward momentum, the rally may end and enter a phase of consolidation and correction.
Another thing to note is that the U.S. non-farm payroll data will be released tonight, which, according to past practices, will be announced tomorrow evening. Additionally, tomorrow evening is the U.S. Independence Day, so the U.S. stock market will be closed for one day.
Hedge these 3 altcoins with a future increase of 10 times!
1.FTT
The unexpected return of the FTX token (FTT) has surprised many observers. After the collapse of the FTX exchange, most thought the token would not recover. However, recent developments suggest otherwise. FTT has risen 5.69% in the past 24 hours, with trading volume increasing by 173%. The market capitalization of the token has also grown at the same pace, indicating genuine investor interest behind the price trend.
One of the biggest driving forces behind this recovery is the announcement that large creditors will receive full repayment before the fourth quarter of 2025, made on July 1, 2025. Institutional creditors have recovered 72.5% of their claims, with the remaining 27.5% expected to be recovered later this year. This repayment process seems to be restoring investor confidence.
Another positive signal is the new partnership established between FTX and Payoneer to manage customer refunds more effectively. Since this announcement, the price of FTT has been steadily rising. The surge in trading volume also indicates that more and more traders are returning to this token.
In May of this year, FTX made headlines due to the allocation of $5 billion to creditors, which prompted the previous price surge. These developments are all part of a larger recovery story. Although FTT is still considered high-risk due to its historical context, recent updates have brought new optimism.
With increasing trading volume, positive sentiment, and signs of financial recovery, some investors are starting to view FTT as the next explosive growth cryptocurrency, especially if the exchange can fully restore trust and fulfill its repayment commitments.
2.LTC
Litecoin (LTC) is rising after reclaiming key historical support levels. Market analysts note that LTC/USD has successfully turned the equilibrium level of its long-term trading range ($86 to $88) into a support level. This price range has played a critical pivot role in past cycles, and holding this range on the weekly chart may indicate a new bullish trend.
Historically, Litecoin's price has fluctuated between $57 and $137. Currently, due to support from a mid-line support level, traders are watching for Litecoin to potentially climb to higher price levels around $130. If this momentum continues, Litecoin may finally break free from months of sideways consolidation. Growing positive sentiment is beginning to reflect this shift, especially as technical indicators continue to improve.
In addition to the charts, the fundamentals of Litecoin are also continuously improving. The Litecoin Foundation recently stated that over 156,000 LTC (worth over $13.5 million) are currently locked in the MimbleWimble Extension Block (MWEB). This feature was launched in 2022 with the Litecoin Core 0.21.2 version and enhances the network's confidentiality, ensuring the privacy of transactions through technologies like CoinJoin and stealth addresses.
MWEB is an optional privacy layer that enhances scalability by streamlining unnecessary transaction data. Currently, over 90% of network miners and nodes are validating MWEB blocks, demonstrating strong ecosystem support. Meanwhile, competition among cryptocurrency exchange-traded funds (ETFs) is also intensifying. Bloomberg analysts estimate that Solana, XRP, and Litecoin have a 95% chance of getting approval from the U.S. Securities and Exchange Commission (SEC) for their spot ETFs this year.
3.CAT
Simon's Cat token has slightly decreased by 3.02% in the past 24 hours, with the price dropping to $0.00007345. While at first glance this may seem like a warning sign, the specifics are important. The token has still risen by 11.6% in the past week and 21% in the past 14 days, indicating that despite the short-term pullback, it maintains a stable upward momentum. Its 30-day volatility is low at 9%, suggesting that the price trend is relatively stable, which is uncommon among meme coins.
This memecoin owns all intellectual property rights of the beloved Simon's Cat brand, dedicated to building a Web3 platform while supporting global cat welfare. The project has over 1.6 billion YouTube views and strong social engagement, boasting a large user base that many meme tokens dream of.
The trading volume in the past 24 hours was $6.72 million, with a market capitalization of $53.58 million, resulting in a high liquidity score. Active listings on KuCoin, Kraken, and OKX have further enhanced its visibility and provided traders with convenient access. The ratio of trading volume to market capitalization is 0.1255, indicating high investor activity, which helps reduce the risk of price manipulation.
Although the token has increased by 50% in the past month, its trading price is still far below its historical high of $0.00006801 set in December 2024. For investors focused on long-term growth and practicality, with a high risk tolerance, CAT presents a good investment opportunity, especially considering its integration with real-world brands and community-driven mission. In a meme coin market often dominated by speculation, Simon's Cat stands out due to its legitimacy supported by intellectual property and ongoing appeal. However, in terms of short-term gains, the current price level may not be exciting.
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