According to the current liquidation map, the market is relatively balanced in terms of long and short positions. Based on the current Bitcoin price around $108,900, if the market fluctuates up and down by $2,000 and rises again to around $110,900, it is estimated that the total liquidated short amount could be about $1.45 billion. Conversely, if the market falls to around $106,900, the total liquidated long amount could be about $1.19 billion.
The overall market direction is likely to continue to oscillate in the short term. From the current market trend, the fluctuations are still not large, and the daily chart is still in a high-level box oscillation. Therefore, most other mainstream cryptocurrencies are also in a similar box oscillation, but Ethereum is performing slightly better, overall oscillating upward within the box.
Recently, the market trend has mainly been dominated by news, with even slight movements creating impacts on the overall market, leading to a predominantly wait-and-see attitude. The daytime market trend often feels somewhat dull and quiet in the absence of significant fluctuations; there is nothing much to say otherwise. The strategy remains unchanged: continue with short-term trades.
Additionally, today's news is mainly about Trump; everyone should pay attention to what he says, as it will affect the market trend going forward.
Buy the dip in 3 altcoins that are likely to follow with new highs!
1.pepe
As a cultural token that promotes nostalgia and entertainment within the online community, PEPE shows strong momentum compared to other tokens that aim for more serious financial or technical goals. What problem is it trying to 'solve'? Essentially, it meets the demand for decentralized, permissionless ways for people to collaborate and enjoy meme culture without the oversight of centralized institutions. This token is not supported by institutions; however, its simplicity and cultural resonance make it quite appealing.
As so-called utility alternative tokens replace meme tokens, PEPE faces challenges from broader market dynamics. The recent decline of over 8% highlights that investor interest is shifting towards tokens with real-world characteristics, undermining PEPE's status as a 'pure' meme token.
PEPE is currently trading at approximately $0.0000099, with a market capitalization exceeding $4.1 billion and a daily trading volume over $500 million. The weekly price momentum has created a dynamic tension between new enthusiasm and long-term resetting. It is 5% higher than other meme coins, but about 65% lower than the historical peak reached in December 2024.
What stands out about PEPE is its complete rejection of contract ownership and deflationary structure, which destroys tokens with each transaction. This anti-drug strategy has been warmly welcomed by supporters. PEPE is widely traded on well-known platforms such as Binance, OKX, HTX, Coinbase, Bybit, and Kraken, enhancing its visibility and liquidity.
2.SHIB
In August 2020, Shiba Inu debuted with a humorous 'Dogecoin killer' image. However, beyond its meme persona, it attempts to address three real cryptocurrency issues: over-centralization, low customer trust, and a lack of a scalable ecosystem. SHIB was originally developed as an ERC-20 token on Ethereum. Nevertheless, it has expanded into a fully decentralized ecosystem, including ShibaSwap for trading and staking, BONE for governance, LEASH for incentives, and Shibarium. This layer-2 network facilitates developer-driven applications and low-cost transactions, becoming one of the new meme coins worth investing in.
SHIB has partnered with DegenSafe, a token issuance platform focused on anti-fraud protection and safer token issuance. This collaboration was publicly announced yesterday, marking a significant step for SHIB towards more comprehensive investor protection. By introducing measures such as trust scores, bot attack mitigations, and a 'fraud fund', SHIB will completely transform its ecosystem, making an important move towards legitimizing 'meme-inspired token issuance'.
The market capitalization of this token exceeds $6.9 billion, with a circulating supply of approximately 589 trillion, and a daily trading volume close to $115 million. SHIB is viewed as a developing token with long-term goals due to its immense liquidity and practical infrastructure achieved through Shibarium.
Crypto.com has established a SHIB reward pool of up to $250,000, aimed at promoting the token across the network and providing users with real incentives to hold and use SHIB. The announced reward increase this week aligns with SHIB's plan to maintain active community engagement while emphasizing its utility rather than price speculation.
3.BCH
Bitcoin Cash (BCH) has started to recover after a long decline. Although it fell by 4.36% in the past week, this is still another move after breaking out of a descending wedge pattern, which usually signals the beginning of an upward trend. Both daily and monthly charts show it remains strong.
In May 2025, the Velma hard fork introduced Virtual Machine Limits and BigInt chips, granting BCH stronger smart contract capabilities. This makes BCH more attractive to developers and DeFi projects. Additionally, there are discussions about reducing the block time from 10 minutes to 2 minutes, which will make BCH faster and more suitable for payment purposes.
Compared to other networks, BCH remains a good choice for users seeking low fees and fast transactions. Despite facing competition from blockchains such as Solana and Ethereum L2, it still stands out. In June, BCH derivatives' open interest grew by 24%, indicating that large investors have taken notice.
What makes BCH unique is how it balances low transaction costs and smart contract capabilities. Unlike Ethereum, developers can publish complex contracts on BCH without passing on high costs to users. BCH can run smoothly even on lower-performance devices, further enhancing its ease of use.
BCH is currently priced at $503. If the upward momentum continues, it may re-test breakout levels and push towards the 200-day moving average. Future resistance levels may concentrate around $529 and $583. With the overall market strengthening and BCH breaking key resistance levels, Bitcoin Cash may become the next explosive cryptocurrency.
Brothers, hurry up and gather in the chat room:
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