📉 Market overview and key events:
- Bitcoin ($BTC ): trading around $115,455, this is a decrease of about 2% over 24 hours — down to $115,000–116,000 within the range of recent days
- Ethereum ($ETH ): is around $3,600, recently broke support at $3,600 and is showing a decrease of about 1.6%
- XRP: fluctuating around $3, with a drop of 3–4% over the day
📊 Altcoin overview:
- $BNB (Binance Coin) -- Trading around $757–$784, however, average forecasts for July range from $646 to $731 with a technically neutral range of $580–$1000 by 2025. The technical picture remains bullish: a weekly 'engulfing' candle, support at levels $753–$783, RSI — overbought, which may lead to pullbacks
- Cardano (ADA) -- Price — ≈ $0.793, growth ≈ 0.9%. ADA has broken an important support at $0.83 and is now in correction, with nearest support zones at $0.75–0.77.
- Solana (SOL) -- Price — ≈ $178, a decrease of about –2.7%. After peaks around $208, SOL has corrected and is stabilizing in the $180–183 range, where a dynamic support level is located.
- Dogecoin (DOGE) -- Price — ≈ $0.225, a decrease of about –2.5%. After rising to $0.29, DOGE will test support, and analysts expect a possible rebound under favorable events.
🧠 Additional signals and trading sentiments:
Analysts believe that altseason — the phase of capital redistribution from BTC to altcoins — may already be forming.
Whales are actively buying altcoins: significant positions are concentrated in ARB (Arbitrum), HYPE, and SKY, which is often seen as an indicator of potential growth.
⚙️ Market mechanisms and dynamics
Mass liquidations of long positions: over $140–155 million liquidated in BTC and other tokens, including $585 million in the overall crypto sector
There is active growth in options: open interest in BTC options is near record levels, traders are betting on a rise to $200,000 by the end of the year
The market is currently experiencing a correction after the July ATH. Liquidations are increasing volatility, however, institutional structures and options show confidence in future developments. We are monitoring the impact of new regulations and the activity of large investors
✅ Summary on altcoins and BNB
Altcoins and BNB are showing mixed movements: ETH and ADA are maintaining stability and may recover, SOL and DOGE are in correction after recent rises, XRP is moderately decreasing, while BNB is holding itself in a neutral range with chances for further growth upon technical breakout.
Institutional interest (ETH, SOL), ETF news (XRP), as well as 'whales' and technical analysis (BNB) are forming a favorable environment for altseason. Keep an eye on ETF news, regulations, and large positions — this will be a key price driver. #altcoins #BinanceSquare