Crypto World
Coinbase CEO Changed His Profile Picture and This Meme Coin Soared 37x
Coinbase CEO Brian Armstrong briefly swapped his X profile picture for a cartoon mascot. The move sent BRIAN, a meme coin on Coinbase’s Base network, surging. Its market cap jumped from under $1 million to $37 million in hours.
The token is officially named Coinbase Man. Developers sent roughly 80% of its 1 billion supply to Armstrong’s wallet at launch. The rally collapsed once Armstrong reverted to his original profile picture, a CryptoPunk NFT.
The Rally Behind BRIAN’s Surge
BRIAN’s climb followed a familiar pattern. A single social signal from a recognizable figure can move markets faster than any product update. Traders read Armstrong’s profile swap as tacit approval.
The reaction echoed how celebrity-driven meme coin rallies have played out elsewhere this year. It also followed a rockier stretch for Base, whose earlier content coin experiments had already left users burned.
Historically, executive gestures have moved token prices well before fundamentals catch up. Volume on decentralized exchanges spiked within minutes, and the token’s price climbed roughly thirty-sevenfold from its starting point.
However, neither Coinbase nor Armstrong endorsed BRIAN directly at any point.
BRIAN’s Reversal
Momentum reversed within hours. Armstrong swapped his picture back to his usual CryptoPunk, and liquidity for BRIAN thinned almost immediately. The token’s market cap fell by more than 90%, to near $1.3 million, according to Coinbase’s price page.
Meanwhile, trading volume remained elevated at around $12 million over 24 hours. That gap suggested traders were exiting rather than holding through the drop.
The reversal also arrived during a stretch of Coinbase controversies, including its recent AI prediction market dispute. Therefore, the episode resembled a narrative that overheated rather than a coordinated rug pull.
What the Crash Signals for Base
The swing raises questions about which network retail traders trust next, especially as rival chains’ meme coin volumes draw growing attention. Armstrong has separately criticized restrictive investor rules, arguing that regulation should protect rather than exclude smaller traders.
The contrast is notable. His comments favor retail access, yet BRIAN’s collapse shows how quickly that access can turn costly. The episode suggests that when executives even casually gesture toward a token, retail money follows quickly, regardless of the token’s backing.
The post Coinbase CEO Changed His Profile Picture and This Meme Coin Soared 37x appeared first on BeInCrypto.
The spot exchange-traded funds tracking the performance of Ripple’s cross-border token took their first hit last week in over two months, but net inflows have returned.
However, there’s still an evident investment exodus that we need to discuss, as the financial vehicles had no reportable data for too many days.
XRP ETFs Are Back
For roughly two months, during which the spot Bitcoin and Ethereum ETFs bled heavily, with billions of dollars leaving both, the XRP counterparts enjoyed investors’ attention by gathering fresh capital. In fact, as we repeatedly reported, they set a 9-week green-only streak, in which they attracted almost $200 million.
This all changed during the second week of July when data from SoSoValue showed that investors pulled out just over $7 million from the funds for the first time in over two months.
However, green is back on XRP’s street as the past week almost offset all the losses from the previous one. The net inflows for the five-day trading period stand at $6.78 million. This means that the cumulative total net inflow is back to its ATH levels of almost $1.5 billion.
Bitwise’s XRP ETF continues to increase the gap between itself and the first such fund to reach Wall Street – Canary Capital’s XRPC. The former now holds almost $500 million in AUM, while the latter is below $470 million.
The Big Catch
Although the week as a whole was indeed in the green, all $6.78 million in net inflows came in just one day: July 16. The rest (four) trading days saw no reportable action, according to SoSoValue. Although the XRP ETFs have seen many such days in the past, there were never four in the same week.
Moreover, seven of the last 10 business days have seen net flows of $0.00. This is a rather concerning trend, clearly showing that interest and demand for the financial products have declined significantly.
Perhaps a portion of the blame can be put on the overall sluggish summer season, in which trading volumes traditionally drop, as investors wait for better times. XRP’s sluggish price performance might also turn investors away, as the asset has failed to break out above the $1.10 resistance despite a few attempts. It remains down by 3% monthly, with a market cap of well under $70 billion.
The post Ripple (XRP) ETFs Resume Inflow Streak, but There’s an Elephant in the Room appeared first on CryptoPotato.
Strategy executive chairman Michael Saylor took to social media on Sunday to detail his “110 reasons” why a proposed temporary fork to limit non-monetary transactions on the Bitcoin network, or BIP-110, is a bad idea.
Bitcoin Improvement Proposal-110 was introduced in December 2025 to stop nonfungible token-like Ordinals inscriptions and other arbitrary data from spamming the network and to preserve BTC’s main use as a peer-to-peer cash system.
In a roughly 3,700 word post on X.com, the man in control of the largest Bitcoin (BTC) corporate treasury made a case for what he said are “neutral rules, hard consensus, open markets, and permissionless innovation.”
Source: Michael Saylor on X.com
“Many Bitcoiners I respect support BIP 110. They want to keep validation accessible, protect node operators from unwanted costs and content, preserve affordable payments, and keep Bitcoin focused on sound money rather than general-purpose data storage. Those are serious concerns. I share the objectives. I disagree about the remedy,” Saylor said. He added:
“This article critiques the proposal, not the people behind it. I assume good faith. Bitcoin is strongest when we can disagree vigorously without mistaking allies for enemies.”
As of 12 p.m. ET, on Sunday, the post had been viewed 879,000 times, with 692 replies and 852 retweets.
BIP-110 is one of the more notable protocol-level disputes in the Bitcoin development community since the Blocksize Wars between 2015 and 2017, when ecosystem participants debated whether it was worth risking a chain split to raise the block size limit for scalability.
The proposal was introduced by pseudonymous Bitcoin developer “Dathon Ohm” with the support of Ocean protocol founder Luke Dashjr. Opponents include Blockstream CEO Adam Back.
Related: Bitcoin nodes running BIP-110 crosses 2% as spam wars heat up
Little certainty on BHP-110 approval
To be sure, BIP-110 won’t be activated unless 55% of Bitcoin nodes validating blocks are in support of the proposal across a Bitcoin block “period.”
In the last period, period number 475 between block 955,584 and 957,599, only 1% of blocks were in support.
The dispute comes at a time when Ordinals activity is at near all-time lows, with fewer than 10,000 Ordinals inscribed into the Bitcoin blockchain on a daily basis over the last month, down from the more than 400,000 seen during its peak in August 2023.
Change in daily Ordinals inscriptions since December 2022.
Source: Dune Analytics
Bock has previously criticized BIP-110, describing it as a “quest to police other people.”
He said Bitcoin’s decentralization should mean “you can’t impose your views on others,” calling it incompatible with BTC’s cypherpunk ethos of permissionless, censorship-resistant money.
Dashjr and other BIP-110 supporters have called Ordinals-driven bloat a “serious threat” to the network, prompting the need for an imminent fix.
They have also argued BIP-110 wouldn’t cause a chain split, as many fear, while adding that the BIP-110 fork imposes a temporary one-year limit and thus wouldn’t invalidate fee-paying transactions over the long term.
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Michael Saylor, executive chairman and co-founder of Strategy, has come out swinging against a new proposal to clean up Bitcoin’s ‘spam,’ arguing that it could fundamentally alter how the world’s largest blockchain operates.
The Bitcoin Improvement Proposal (BIP) 110, aimed at temporarily restricting arbitrary data to focus on the core monetary functions, is a threat to the main principles of the network, Saylor explained in a comprehensive critique published on X, titled “110 reasons BIP-110 is a bad idea.”
“The proposed cure is more dangerous than the condition,” Saylor said in the recent detailed analysis. “BIP 110 would use consensus to narrow valid activity, constrain future options, complicate deployment, and establish a precedent it cannot later erase.”
Saylor’s primary objection is based on the “no-questions-asked” nature of money. “Bitcoin cannot read intent,” Saylor writes. “The network cannot know whether bytes represent an image, a proof, a contract, metadata, an authentication record, or a future application,” argued.
By banning “spam,” the protocol would effectively elevate human judgment into protocol law, effectively turning Bitcoin’s conservatism upside down.
‘Too aggressive’
Saylor is the latest bitcoin executive to weigh in on this highly debated topic among the Bitcoin community.
Pi Network’s native token has stolen the show in the cryptocurrency markets with a massive price surge that drove it to a weekly high of roughly $0.10.
This is rather unexpected given the asset’s latest price performance, which included dumping to several consecutive all-time lows. The question is whether this is a profound recovery or another dead-cat bounce.
PI Pumps Hard on Sunday
CryptoPotato has repeatedly reported over the past week or so the adverse price developments around Pi Network’s PI token. The asset broke below the key $0.10 support last weekend, and the bears took complete control of the market. In the following days, they pushed it below $0.09 and $0.08.
PI rebounded only after it dumped to $0.07, which turned out to be a strong support. The token marked a new all-time low, which meant that it had plunged by over 97% since its ATH over a year ago, but rebounded immediately.
As reported yesterday, it showed some resilience and climbed above $0.08. It remained there for about 24 hours before it went on the aforementioned rally today. It skyrocketed by almost 20% and is now close to $0.10 for the first time in a week. This has become a key resistance level, which has to be reclaimed before the asset has any chance of a bigger rebound.
Recovery or Dead-Cat Bounce?
Although today’s rather unexpected but impressive surge has given some hope to the bulls, PI’s history has repeatedly shown that it’s not that simple, and the hype could come to an end soon.
The asset has posted similar gains on numerous occasions in the past, especially after prolonged downturns. Once it becomes the top performer, though, it crashes and burns to its starting level or even lower within days. The latest such example was in mid-March when it rocketed from $0.20 to $0.30 during the Kraken-listing hype.
It was rejected immediately and slumped below $0.20 within 72 hours. It has been unable to reclaim its former glory since then, and the recent crash to $0.07 only proved that. The Pi Network investors and believers would have to wait and see if this rally now is any different.
The post Pi Network’s PI Suddenly Explodes by 20%: Recovery or Dead-Cat Bounce? appeared first on CryptoPotato.
Thirty days is a short window to ask for anything, which makes Grok AI predicts that XRP is almost restrained by comparison to the usual end-of-year moonshots. From $1.08, it wants $1.25 to $1.35 by mid August.
The setup leans on five things happening together rather than one big catalyst. Spot ETF inflows keep showing up. Ripple’s full MiCA license opens the door to regulated European expansion.
XRPL network activity is surging in the background. Whales are accumulating instead of distributing. Exchange balances are dropping as coins move into cold storage.
Grok also points to something almost calendar-based. July has historically been a strong month for XRP, and that seasonal pattern is landing right on top of a market that just deleveraged hard.
The $1.00 to $1.05 zone has held firm through that deleveraging, which Grok reads as buyers defending a line rather than just drifting sideways. Clear resistance at $1.18 to $1.22, and Grok sees a confident push toward $1.25 to $1.40, with $1.30 to $1.35 as the realistic high if momentum and any regulatory tailwind cooperate.
The bear case stays narrow here, too. Broader market weakness or delays to the CLARITY Act could cap gains and force consolidation, with a retest of $0.95 to $1.00 support if the round number breaks.
Grok’s own base scenario without fresh catalysts is a flat $0.95 to $1.10, basically where XRP sits right now. The whole prediction hinges on new news arriving, not on existing momentum carrying itself.
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XRP Price Prediction: Has Traded In A Shrinking Box For Six Months And Grok Wants The Top Broken
The chart tells a quieter story than the prediction does. XRP closed at $1.08468, down 0.14%, in a session ranging between $1.07840 and $1.09495.
Zoom out from February, and this is not a downtrend anymore; it is a fading range. The February crash from above $2.30 down toward $1.20 was the violent part, and everything since has been a series of lower highs inside a slowly compressing box.
April topped near $1.55. May topped near $1.55 again. July’s bounce topped near $1.20 and already rolled over.
That is three failed attempts at reclaiming higher ground, each one weaker than the last. Support sits at $1.00, the level Grok specifically flagged as defended, then $0.95 below that.
Resistance stacks at $1.12, then $1.18, then the stubborn $1.20 ceiling that keeps rejecting every bounce. The RSI panel shows momentum at 44.55 with the signal line at 47.03, a small negative gap that has been narrowing over the past week.
That narrowing gap is the one mildly encouraging detail on this chart. It suggests selling pressure is easing rather than building, even if it has not flipped positive yet.
For Grok’s $1.25 target to happen in 30 days, XRP needs to do something it has failed to do three times since February, actually clear $1.20 and hold above it. Until that happens, this range keeps compressing rather than breaking.
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Here is what Grok AI Predicts For LiquidChain’s Near Future
Every cycle has a moment where waiting becomes the most expensive decision you can make. That moment is now.
Bitcoin, Ethereum, and XRP are all pinned under the same resistance they have been testing for weeks. The macro unlock is perpetually one data point away. The institutional money keeps arriving next quarter. Large-cap traders waiting for a breakout are queuing for a decision that belongs to someone else entirely.
Grok AI has identified what experienced cycle traders already act on. Capital that registers as statistical background noise at Bitcoin’s market cap can completely reprice a small, undiscovered project.
The asymmetry is not complicated. It lives in the distance between what something is genuinely worth and what the market has currently assigned it. The moment that distance gets noticed, it collapses. Before that moment, it is fully open.
Cross-chain fragmentation has been quietly taxing every DeFi participant since the first bridge went live. Bitcoin, Ethereum, and Solana were engineered independently with zero shared infrastructure and no design intent to communicate. Every transaction crossing those ecosystem boundaries absorbs the cost of that decision in fees, failed execution, and slippage that hits before settlement even begins. The bridge industry did not fix this problem. It built a business model on top of it.
LiquidChain removes the business model entirely. Three networks unified inside a single execution layer. One deployment reaches all of them simultaneously. No cross-chain tax is extracted from any interaction anywhere.
Grok AI predicts it as a worth watching coin. The presale sits at $0.01454 with just over $860,000 raised.
Execution is unproven. Adoption is an open question. Established assets offer a smoother path toward a ceiling that the entire market can already see. LiquidChain is the entry point that stops existing once the market finds it.
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The post Elon Musk Grok AI Predicts XRP Will Do This by Next 30 Days, and Nobody Is Ready appeared first on Cryptonews.
The Electronic Transactions Association (ETA) is signaling a more constructive stance toward Bitcoin, with CEO Jason Oxman saying the group does not oppose the network and is open to partnerships—especially when customer demand and merchant needs point that way. Speaking in an interview with CoinDesk, Oxman framed the ETA’s position as technology-neutral, while pointing to recent activity with BitPay as evidence that Bitcoin-related innovation is on the table.
The shift is also reflected in the ETA’s membership changes: on August 6, the trade group announced BitPay—an Atlanta-based Bitcoin payments provider—as the first virtual currency company to join the ETA. The association represents major players in electronic payments, including Visa, MasterCard, Amazon, and PayPal, and said the addition underscores its intent to engage with emerging technologies as the payments industry evolves.
Key takeaways
- ETA CEO Jason Oxman said the organization does not advocate for Bitcoin and has not taken a position against other technologies; it treats electronic transactions as the common denominator.
- BitPay joining the ETA on August 6 marks the first virtual currency company membership, suggesting traditional payments groups may be willing to cooperate with Bitcoin processors.
- Oxman cited the Bitcoin Foundation’s role in educating ETA members—dating back to an ETA event in 2013—as part of why members began viewing Bitcoin as “an interesting development.”
- In discussing New York’s BitLicense proposal, Oxman argued regulators should avoid reflexive rules for “something new” and instead conduct deeper research into how Bitcoin systems and consumer protections work.
Why the ETA is talking more openly about Bitcoin
Oxman’s comments emphasize that the ETA’s mandate is broader than any single payment network. In the CoinDesk interview, he said the association’s stance is centered on facilitating electronic transactions, which means the transaction format ultimately follows what merchants and customers choose.
That framing matters because it positions Bitcoin less as an “alternative” and more as another option within the payments stack—one that may be integrated if it demonstrates value and operational safety. Oxman specifically pointed to the ETA’s partnership with BitPay as a concrete example of how the group approaches innovation without automatically dismissing new models.
By describing the ETA as “open to work with emerging tech startups, including Bitcoin-related companies,” Oxman also made demand the deciding factor. In other words, the ETA’s engagement appears less like advocacy for a particular technology and more like an attempt to stay relevant as customers and merchants experiment with Bitcoin payments.
BitPay membership and what it signals to traditional payments
The ETA press release introducing BitPay as a member described the decision as part of the group’s commitment to embrace new technology. BitPay’s entrance into an association that includes payment giants is significant, even if it does not automatically translate into endorsement of Bitcoin across the entire membership.
Oxman suggested the ETA’s outlook has changed as members gain more practical context. He referred to an earlier event in 2013 where Bitcoin Foundation general counsel Patrick Murck discussed Bitcoin in business-focused terms. Oxman said Murck’s presentation helped ETA members see Bitcoin as a relevant development for the industry, adding that at least one ETA member proceeded to strike a deal with a Bitcoin processor.
That historical detail points to a wider dynamic: partnerships in payments often come after repeated exposure to regulatory and operational questions. The ETA’s decision to bring BitPay in—and Oxman’s explanation of why—implies that Bitcoin’s perceived legitimacy is improving among mainstream payment stakeholders, at least in the context of how Bitcoin processing can fit into established transaction workflows.
The BitLicense debate: consumer protection vs. innovation
Oxman also addressed New York’s BitLicense proposal and the regulatory scrutiny surrounding it. He acknowledged that regulators’ concerns are understandable, particularly around consumer protection in novel payment systems. In his view, when alternative payment options are not well established and widely deployed, regulators feel more compelled to step in to protect consumers where those protections are not already present.
That stance reflects a tension at the heart of Bitcoin policy discussions: overly strict rules can raise compliance barriers and slow experimentation, while weak oversight can leave users exposed. Oxman argued that the ETA had previously worked through regulatory uncertainty when new payment methods—such as PayPal—arrived, spending significant time ensuring government action did not constrain innovation.
But he said New York should not treat Bitcoin as a special case that must be regulated using reflexive logic. Instead, he urged the NY Department of Financial Services (NYDFS) to conduct a more in-depth examination of Bitcoin’s technical operation and the additional measures that Bitcoin providers—including Bitcoin processors—take to protect both consumers and merchants.
Importantly, Oxman’s position is not a call to ignore regulation; it is a call for regulation built around how Bitcoin works in practice, rather than rules applied because the technology is new.
Regulatory timeline shifts in New York
Meanwhile, New York’s BitLicense review process is still moving. According to earlier coverage from Cointelegraph, the NYDFS superintendent Benjamin Lawsky extended the public comment period on the BitLicense proposal by 45 days, pushing the deadline to October 21. The extension followed a joint letter in which BTC China, Huobi, and OkCoin—referred to by Cointelegraph as the “Big three”—outlined concerns and requested changes to the proposal.
For investors and market participants, these procedural updates can be as important as the policy itself. Longer comment windows often indicate that regulators are weighing industry feedback more deliberately—potentially affecting how strict compliance obligations are ultimately framed. It also means companies preparing for the BitLicense regime may face shifting expectations as regulators refine their approach.
As the ETA continues building relationships with Bitcoin-focused firms like BitPay and New York’s BitLicense review proceeds through an extended comment period, the key question for the market is how regulators will translate concerns about consumer protection into rules that reflect Bitcoin’s actual system design—and whether mainstream payment stakeholders continue to increase engagement as compliance certainty improves.
Japanese logistics group AZ-COM Maruwa Holdings plans to introduce the yen-backed JPYC stablecoin for payments to about 2,300 partner carriers and independent drivers, according to a Nikkei report cited by Crypto Briefing.
Summary
- AZ-COM Maruwa plans JPYC payments for 2,300 logistics partners in Japan’s first large corporate rollout.
- The logistics group will invest ¥1 billion in JPYC while forming a business partnership directly.
- JPYC is gaining wider use through retail trials, lending projects, and emerging payment infrastructure nationwide.
The move is “expected to become Japan’s first large-scale corporate use of JPYC.”The company also plans to invest ¥1 billion in JPYC and form a business partnership with the stablecoin issuer. The rollout would move JPYC beyond retail tests and crypto services into routine business payments across a large logistics network.
AZ-COM Maruwa brings JPYC into logistics payments
AZ-COM Maruwa Holdings operates third-party logistics, transportation, warehousing and delivery services in Japan. Its planned use of JPYC would cover outsourcing and other payments made to a broad network of transport partners, including individual truck drivers.
The reported ¥1 billion investment also ties the logistics group directly to JPYC’s growth. The companies have not yet disclosed a detailed rollout schedule or explained how each partner will receive, hold or convert the tokens. Those operating details will determine how widely drivers and carriers use JPYC instead of immediately redeeming it for yen.
JPYC began issuing its regulated yen-backed stablecoin on October 27, 2025. The token maintains a one-to-one link with the yen and uses bank deposits and Japanese government bonds as reserve assets. It operates on public blockchain networks and can be issued or redeemed through JPYC EX.
The AZ-COM Maruwa plan follows other attempts to move JPYC into daily payments. As reported by crypto.news, Lawson plans to test JPYC payments at a Tokyo convenience store in August through a point-of-sale system. The trial will let customers pay using a smartphone-linked payment system.
Japan’s stablecoin market adds more use cases
JPYC is also expanding into financial products. As reported by crypto.news, Metaplanet and JPYC recently began studying Bitcoin-backed credit products that could use JPYC for lending and settlement. The project is examining how Bitcoin collateral and yen-denominated stablecoin liquidity could work together. Payment infrastructure is developing at the same time.As reported by crypto.news, LINE NEXT plans to support JPYC through Unifi Pay, a stablecoin payment service scheduled for a wider launch in the third quarter. The service is designed to let users in Japan top up local stablecoins from bank accounts after identity checks.
The logistics rollout would differ from smaller consumer pilots because it involves thousands of businesses and independent drivers receiving payments through the same stablecoin system. If implemented at the reported scale, it would test JPYC’s ability to handle regular corporate settlement rather than isolated retail purchases.
Japan is also tightening rules around stablecoin reserves as adoption grows.Japanese regulators have set conditions for government bonds held as reserve assets. JPYC has said it plans to keep most reserve proceeds in Japanese government bonds and the remainder in bank deposits.
AZ-COM Maruwa’s planned rollout therefore arrives as JPYC moves into retail payments, lending experiments and broader payment infrastructure. The ¥1 billion investment adds a direct corporate commitment, while the proposed payments to 2,300 logistics partners would provide one of the clearest tests yet of whether a regulated yen stablecoin can work in everyday business settlement.
The rise of autonomous AI agents necessitates the utilization of zero-knowledge proofs, argues Brian Trunzo, chief growth officer at Succinct Labs.
Michael Saylor rattled the community cages on X once again with a cryptic post containing a graph showcasing his company’s countless BTC purchases completed over the past six years, with the text “What’s next?”
Although many translated this message as a new hint that Strategy has made a new bitcoin purchase, the reality from the past several weeks tells a different story.
What’s next? pic.twitter.com/bNl0xX0obw
— Michael Saylor (@saylor) July 19, 2026
Buy or Sell Next?
The firm’s co-founder and former CEO has been publishing such posts for years. We didn’t pay much attention to them before, as they were always followed by a major purchase announcement on the next business day. However, this all changed a few weeks ago when, instead of bragging about the latest bitcoin acquisition, Strategy announced its biggest BTC sale to date by disposing of over 3,500 units.
The perception changed immediately. It came just a week after the firm had launched the Digital Credit Capital Framework to enhance liquidity and long-term BTC exposure. The idea was simple – the firm had a USD reserve of $2.55 billion, which was enough to cover 17.4 months of dividend payments. However, it wanted to raise that, and included potential BTC sales of up to $1.25 billion to expand the dividend payment period to over 25 months.
Saylor published a similar hint last weekend, which led to no bitcoin move. Instead, Strategy increased its USD reserve to $3 billion by raising funds via an at-the-market common stock offering. All eyes have now turned to the world’s largest corporate holder of BTC, and speculation is running wild about what tomorrow’s announcement will be.
113 Purchases
We called them countless above, but in fact the actual number of purchases is 113 (we counted them slowly; hopefully we are not wrong). They began almost six years ago, and the firm has accumulated 843,775 BTC since then after it ramped up its efforts following the 2024 US presidential elections and the promise of a friendlier regulatory environment.
Despite the DCA strategy, the company remains down on its major bitcoin bet, given the asset’s price correction over the last 9 months or so. The firm has spent roughly $64 billion to accumulate its stash, but its current value is nearly $10 billion lower. This means that the company’s unrealized loss stands at around 15%.
The post Buy or Sell? What Michael Saylor’s Cryptic New Tweet Means for Bitcoin appeared first on CryptoPotato.
Bitcoin continues to recover from its June capitulation but remains trapped beneath a major resistance cluster. Although buyers have managed to defend higher lows on the lower timeframe, the market is still approaching a critical confluence that could determine whether the recovery extends or transitions into another rejection.
BTC Price Analysis: The Daily Chart
On the daily timeframe, BTC continues to trade below the 100-day and 200-day moving averages, keeping the broader trend tilted to the downside.
The asset is now approaching the $65K-$66.5K supply zone, which also coincides with the descending long-term trendline. This confluence has capped every recovery attempt since the sharp breakdown in early June, making it the key barrier that bulls must reclaim to shift the higher-timeframe structure.
A successful breakout above this region would expose the next resistance between $72K and $74K. However, another rejection from the current supply zone would likely trigger a corrective move toward the $58K-$60K support area, which now represents the most important demand zone on the daily chart.
BTC/USDT 4-Hour Chart
The 4-hour chart shows Bitcoin consolidating within a rising channel after establishing a series of higher lows throughout July.
BTC is once again testing the upper boundary of the channel while simultaneously approaching the higher-timeframe supply zone around $65K-$66.5K. This creates a significant confluence of resistance, suggesting that bullish momentum is entering an important decision area.
As long as Bitcoin remains above the $61K-$62K support zone, buyers maintain a short-term advantage and another attempt to break the overhead resistance remains likely.
However, failure to overcome the confluence of the channel resistance, descending trendline, and supply zone could result in another pullback toward the $58K-$60K demand region. Since this price action pattern typically hints at a potential decline, Bitcoin is poised for another bearish leg, testing the lower demand zones.
Sentiment Analysis
The Realized Price UTXO Age Bands indicate that the realized prices of the 1-3 month and 3-6 month holder cohorts have converged near the current market structure, both sitting around the low $70K area.
Historically, the convergence of these younger holder cost bases often reflects a period of market transition, as recently accumulated coins begin to change hands at similar prices. At present, both realized price levels remain well above Bitcoin’s spot price, implying that these cohorts are still holding unrealized losses.
This reinforces the technical picture. While Bitcoin has recovered from its June lows, it remains below the realized cost basis of recent investors, suggesting that sentiment has not fully shifted back in favor of sustained accumulation.
A recovery above these realized price levels would strengthen the case for a broader trend reversal, whereas continued rejection below them would support the view that the current advance is still a relief rally within the broader bearish structure.
The post Bitcoin Price Analysis: Here’s the Most Likely BTC Scenario for Next Week appeared first on CryptoPotato.
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