1. Cryptocurrency market fast pass
1. Altcoin market
The total market cap of altcoins (excluding the top 10) has stopped falling, and the upward trend remains intact.
BTC.D rebounded a little the day before yesterday and continued to drop, while altcoins continued to rise.
2. Total market cap of cryptocurrencies
Because BTC is falling, the total market cap of cryptocurrencies is also dropping, but the daily bullish trend has not broken.
3. Liquidation heat map
According to the liquidation heat map, it is very possible for BTC to drop down to 114400 again with a sudden spike.
4. Fear and Greed Index
Fear and Greed Index at 66, at a medium-high level.
3. Large pending orders fast pass
1. BTC spot orders
In the above image, the purple line represents sell orders, and the green line represents buy orders. As shown in the picture, there are very few existing sell orders below 120K for BTC, if it rebounds, it will rise rapidly.
The buy orders below are mainly concentrated at 114K and 110K.
2. ETH spot orders
ETH has concentrated sell orders at 3900-4000, which is a significant pressure point. Buy orders are mainly at 3500 and 3000.
4. Cryptocurrency blogger fast pass
1. Top trader is dovish
Dovish has not updated
2. Trader Vivian
Updated at 8:11 AM Beijing time on July 25:
We will soon terminate the daily short position at TGIF (around the 117777 area), it will rebound again to the 119000 area, and then it will fall. I know this is frustrating, but we don't have much choice. All short positions will stop loss and exit.
After the upper range points are cleared, we will open shorts again. Please also avoid going long immediately, as sellers are currently very aggressive, and the price may be a bit lower than that. I will remind you to reopen shorts at the appropriate time, please wait.
Updated at 11:06 AM Beijing time on the 25th:
What about those who asked 'Is the chart invalidated?'? You haven't opened a single short position now, right? Just confirming.
Remember to keep an eye on XRP while I'm away! You won't regret it.
(Vivian mistakenly thought this morning that BTC would drop to 117777, then rebound to 119000, and then drop again. In reality, it has been falling all day without rebounding. Fortunately, she didn't let me go long. It has now reached her recently mentioned target of 114-115K, which was originally expected to rebound.)
3. Top trader Joshua
Updated at 1 PM Beijing time today on Telegram:
The adjustment has occurred to a certain extent, but it may still take a few days to really build a good bottom.
It's still uncertain whether we have reached the bottom or if there will be more declines. I plan to observe the market trends for a while longer, taking a conservative approach, probably with a weekly rhythm.
In short, I think this wave of correction has been quite sufficient, and I am currently gradually re-establishing positions.
BONK, ENA, IP
Twitter update this afternoon:
I think this wave of correction is quite good, and I'm starting to replenish some projects now.
REI and PENGU have performed pretty well this month. (Quoted his tweet from July 3)
(Joshua thinks the adjustment is almost over now, but is unsure whether it has really bottomed out, so he can only operate conservatively and gradually build positions. He is currently optimistic about BONK, ENA, IP.)
4. Top trader Altcoin Sherpa
Updated at 11 AM Beijing time today:
These are several areas I am watching for whether $BTC will spike.
Tonight might be the kind of night where you can't sleep all night due to market movements...
(Sherpa believes there will be a big market movement during the day in Beijing time, and the black support lines he drew have all been broken, looking at 112-113.4K below.)
5. Top trader RunnerXBT
Updated at around 2 PM Beijing time today:
Quoted yesterday's article on Telegram saying:
Recent SOL trades:
2) Shorting SOL - performing well, if BTC really breaks below the small range it has consolidated over the past 14 days, I will consider going long.
Have a great weekend!
Twitter update:
What the hell happened to BTC?
In the past few hours, open interest has surged by 12.5%.
What exactly happened?
Although the specific driving factors behind this are still unclear, this momentum is likely to brew excellent intraday trading opportunities.
If you have nothing to do today/this weekend... you can start watching the market.
I am quite confident that the large amount of 'selling' currently in the perpetual contract market is mainly just panic selling by Crypto Twitter, news traders, and headline traders.
Once Galaxy stops transferring coins, the reflexivity will rebound sharply.
(RunnerXBT plans to take profits on SOL shorts after BTC breaks below the 116-122K fluctuation range and go long. He believes that after the big transfer news of BTC passes, the price will quickly rebound.)
6. Top trader Pentoshi
Updated last night:
A few months ago, I bought the S&P (SPX) at around 4960 points, and at that time my bank advisor told me not to go heavy, as the era of 'American exceptionalism' was coming to an end due to tariffs and other issues.
But now at 6376 points, they have started to say they are optimistic about American exceptionalism again. It’s not that they were wrong; it seems they may indeed be right now.
So what conclusion can we draw from this?
No one really knows what will happen, but the market's design mechanism itself is: whether you participate or not, it will go up.
Friendly reminder: From a more macro perspective, over any sufficiently long time period, everything develops upwards (increases), and almost nothing significant has really happened.
Since 2021-2022, content related to 'doomsday' and 'system collapse' has been very popular, but few of these contents have actually come true. The reality is: there are almost always more opportunities to make money on the bullish side than on the bearish side.
By the way, I did listen to their advice at that time, so I didn't load up as I initially intended.
Looking back, I should have listened to my instincts.
Buying on dips is the way to go - this is the core lesson of the whole story, especially during extreme panic.
(Pentoshi believes that buying on dips is the best strategy during market panic, and holding quality assets long enough will always lead to an increase.)
7. Wave Theory Liu Yudong
July 7, 2025 Daily Chart
After peaking at 123218, it has fallen for 11 consecutive days. The observation point of 118379 raised yesterday closed below it this morning, which is a bad signal.
Today it has reached the limit position, and if it breaks below 117103, it may fall to another single sawtooth target of 112717.
The bulls have no way out.
(Currently 117103 has already broken. According to Liu Yudong's analysis, the lowest could drop to 112717 to hit the bottom.)
5. Summary
Today $ETH finally fell into the target range mentioned by Vivian and Liu Yudong, then oscillated repeatedly between 115K-116K. According to Vivian's original plan, it would rebound to 121K, but Liu Yudong believes the adjustment has taken too long, and the depth of the adjustment may lower to 112717. Joshua thinks it can start to build positions slowly; it's uncertain when it will bottom out, so you can only buy in batches.
Because ETH is still strong today, most altcoins haven't dropped much, especially ENA is terrifyingly strong. Currently, most altcoins are consolidating at low levels and could rise at any time, so it is indeed possible to build a small position.
Today BTC has been making fake moves back and forth; chasing the rise on the mountain top can easily lead to loss, so it's more suitable to buy in batches at lower levels, rather than trying to catch a breakout.
Statement:
The above information is for reference only, not trading advice, cryptocurrency markets are high risk, participation should be cautious.
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