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Crypto World

CZ shrugs off ETF exodus with $1 million Bitcoin call

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U.S. spot Bitcoin ETF daily flow table showing $222.64 million in net outflows on June 30, with cumulative inflows at $51.15 billion.

Bitcoin has remained under pressure after U.S. spot ETFs recorded $222.64 million in outflows, while Changpeng Zhao has reiterated his belief that the cryptocurrency can reach $1 million over the next decade.

Summary

  • Changpeng Zhao says Bitcoin could reach $1 million as global ownership remains below 1%.
  • U.S. spot Bitcoin ETFs recorded $222.64 million in net outflows, led by BlackRock’s IBIT.
  • Bitcoin trades below key resistance, with $57.8K support and $63.7K–$65.3K as upside targets.

According to an interview Zhao gave to Block, the Binance founder argued that Bitcoin ownership remains extremely limited worldwide, with fewer than 1% of people currently holding the asset.

He said the low level of adoption leaves substantial room for future demand as more retail and institutional investors enter the market over multiple cycles.

Low ownership remains central to Zhao’s bullish outlook

Building on that argument, Zhao said Bitcoin could climb to around $600,000 during the next major market cycle, representing roughly a fivefold increase from current levels. He added that another cycle would only need to double that valuation for Bitcoin to reach the $1 million milestone, describing the scenario as achievable if adoption continues to expand.

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Although Zhao acknowledged he could not predict exactly when those milestones would be reached, he maintained that long-term price appreciation would depend more on rising ownership than on short-term market speculation. He also noted that institutional participation, alongside continued retail adoption, could support Bitcoin’s value over time as ownership becomes more widespread.

Zhao’s comments come as long-term Bitcoin price forecasts remain a recurring topic across the digital asset industry, with several market participants continuing to argue that growing global acceptance could support higher valuations over the coming years.

Institutional demand pauses as technical resistance holds

While Zhao focused on Bitcoin’s long-term adoption story, U.S. spot Bitcoin ETFs experienced a setback on June 30 after recording $222.64 million in net outflows. Data from SoSoValue showed BlackRock’s IBIT accounted for the largest withdrawal, posting $212.45 million in net outflows during the session.

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U.S. spot Bitcoin ETF daily flow table showing $222.64 million in net outflows on June 30, with cumulative inflows at $51.15 billion.
Source: SoSoValue

Even with the daily withdrawals, cumulative net inflows across U.S. spot Bitcoin ETFs stood at $51.15 billion, while total net assets remained at $70.95 billion. Daily trading volume reached $2.53 billion, indicating that investors continued to trade actively despite the temporary pullback in fund flows.

The ETF withdrawals also coincided with Bitcoin struggling to reclaim key technical levels. On the 4-hour chart, the cryptocurrency traded near $60,100, just above the 23.6% Fibonacci retracement around $60,065, while remaining below the Supertrend resistance near $60,900. A descending trendline connecting lower highs since mid-June continued to cap rallies, leaving sellers in control unless buyers reclaim nearby resistance.

Bitcoin 4-hour chart showing price below Supertrend resistance, testing the 23.6% Fibonacci level as a descending trendline caps the recovery.
Bitcoin 4-hour price chart — July 1 | Source: crypto.news

If buyers manage to break above the Supertrend and the descending trendline, Bitcoin could target the 38.2% Fibonacci level near $61,444, followed by $62,559 at the 50% retracement. A sustained move beyond those barriers would expose the 61.8% Fibonacci level around $63,673, with the 78.6% retracement near $65,261 becoming the next major upside objective.

On the downside, losing the $60,065 Fibonacci support could increase selling pressure toward the recent swing low around $57,835. A break below that level would invalidate the current rebound attempt and leave Bitcoin vulnerable to a deeper decline if buyers fail to step in.

Momentum indicators, however, hinted at improving conditions. The MACD histogram has turned positive and the MACD lines have started curling higher, suggesting bearish momentum is fading even though a confirmed bullish trend reversal has yet to develop.

For now, Bitcoin’s short-term direction may depend on whether institutional demand returns after the latest ETF outflows.

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A recovery above nearby resistance could strengthen the case for a move toward the mid-$63,000 region, while another rejection may keep attention on support near $57,800. Zhao’s $1 million forecast, meanwhile, continues to rest on a much longer timeline driven by rising global Bitcoin ownership rather than short-term fund flows.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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What to Expect From Solana (SOL) in July 2026

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What to Expect From Solana (SOL) in July 2026

SOL trades near $77 after a 16% weekly bounce, yet it remains about 74% below its record high. On-chain activity is climbing toward yearly highs as the price attempts to bottom.

The contrast sets up a decisive month for SOL. A bearish price structure on higher timeframes now collides with some of the strongest network readings Solana has posted this year.

Solana Network Activity Tests Yearly Highs

On-chain data paints a healthier picture than price alone suggests. The number of active addresses is rising sharply and retesting yearly highs just below 7 million.

SOL number of active addresses. Source: Glassnode

Transactions per second, measured on a seven-day average, are trending steeply higher toward 1,100. That reading is approaching a new all-time high for network throughput.

This creates a clear divergence. Network activity continues to grow while the token price sits near its lowest level in more than a year.

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SOL number of transactions per second. Source: Glassnode

Much of the recent surge in throughput stems from meme coin launchpads and speculative airdrops on Solana. Sustained usage above these levels would strengthen the fundamental case for a price recovery.

Weekly Chart Keeps SOL in a Bearish Range

The weekly chart tells a more cautious story. SOL sits roughly 74% under its all-time high of $293 and trades at its lowest level since December 2023.

Price is currently defending the long-term 0.786 Fibonacci retracement near $73. That level marks the last major support before deeper downside opens up.

The first meaningful resistance sits at the 0.618 Fibonacci level around $120. A move back to that zone would require a gain of more than 55% from current prices.

SOL weekly chart. Source: Tradingview

Weekly volume continues to contract, which often signals accumulation and low volatility. However, the broader structure stays bearish until buyers reclaim higher levels. The recent leverage liquidations across the market underline how fragile sentiment remains.

Solana Price Prediction: $80 Line in the Sand

The daily chart offers the first signs of a possible bottom. SOL broke down from an ascending channel in June and hit its measured target near $63.

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Price then bounced firmly off that support and now retests resistance just below $80. The Relative Strength Index has climbed toward 60, which indicates building momentum from buyers.

A daily close above $80 would strengthen the recovery case and open the path toward $100 and eventually $120. Failure to hold $73 would expose the $63 demand zone again.

SOL daily chart. Source: Tradingview

The upcoming Alpenglow consensus upgrade could act as a catalyst if activation nears in the third quarter. Broader market weakness, seen in recent ETF outflows, remains the main risk. July now hinges on whether SOL can convert strong network fundamentals into a decisive break above $80.

The post What to Expect From Solana (SOL) in July 2026 appeared first on BeInCrypto.

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Ethereum Institutional wins backing from Standard Chartered and top Ethereum leaders

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Why cautious TradFi firms love staked ether

Its launch comes as Ethereum’s support ecosystem undergoes a broader evolution, following the debut of EthLabs and amid ongoing efforts by the Ethereum Foundation to respond to community criticism over transparency, communication and its role within the ecosystem by encouraging more independent organizations to take the lead on adoption and ecosystem growth.

Vivek Raman, CEO of Etherealize, said on X that Ethereum Institutional is another example of Ethereum’s decentralized model in action.

“Ethereum is not built by or run by a single organization,” Raman wrote. “Ethereum is a network of independent nodes that collectively make the infrastructure inevitable. Ethereum Institutional will play a key role in amplifying and growing Ethereum. Could not be more excited for this launch.”

Joe Andrews, CEO of privacy developer firm Aztec Labs, told CoinDesk that the launch reflects the continued decentralization of Ethereum’s support ecosystem rather than the emergence of a single voice.

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“Over the last two weeks, the Ethereum community has further added to the decentralisation of the network,” he said. “There are now three non-profits all advocating for adoption of Ethereum. It is natural that one of these entities is focusing on institutions, as the world needs a global settlement layer and Ethereum is the only credible option.”

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BlockDAG’s Proprietary BDAG AI Pulls Buyers in Droves! Here’s Why the $0.00000044 Entry Beats LINK & TRON Today

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BlockDAG’s Proprietary BDAG AI Pulls Buyers in Droves! Here’s Why the $0.00000044 Entry Beats LINK & TRON Today

The Chainlink price prediction reflects tension this week, as LINK trades near $7.37 while investors weigh short-term caution against optimism tied to its growing DeFi integrations. Meanwhile, the TRON price is in bullish territory, with the network processing nearly $2 trillion in stablecoin settlements, proving that steady utility can still turn heads even when the broader market feels uncertain.

Then there is BlockDAG, entering the radar of investors searching for the best crypto to buy now. It has just rolled out BDAG AI, bringing a fresh suite of artificial intelligence tools now live on its network, adding an estimated $500 million to its valuation overnight.

And with entry still sitting at a fraction of a cent against a $0.05 buyback offer, BDAG is quickly becoming the standout name this week. Let’s see which makes the most urgent entry case today.

Chainlink Price Prediction: Consolidation Continues

The Chainlink price prediction remains mixed as LINK trades around $7.37 with a $5.51 billion market capitalization. The token is still below its 50-day SMA of $8.66 and 200-day SMA of $9.92, while the Fear & Greed Index of 12 reflects extreme caution among investors.

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However, the 14-day RSI of 32.44 suggests selling pressure may be easing. In the short term, holding above $7.07 support could pave the way for a move toward $7.75, while a break lower may push LINK closer to $6.80.

From a longer-term perspective, Chainlink price prediction remains optimistic thanks to the network’s expanding role in decentralized finance and its recent integrations across 10 blockchain networks. Forecasts suggest LINK could climb to $17 in 2026, $28.53 by 2029, and potentially $52.95 by 2032, provided adoption continues and overall crypto market conditions improve.

TRON Price Rises on Stablecoin Settlement Activity

The TRON price could continue benefiting from the network’s dominance in stablecoin payments if current usage trends persist. During the first quarter of 2026, TRON processed $1.96 trillion in stablecoin settlements while hosting roughly $85–86 billion in USDT, highlighting strong demand for low-cost transfers.

Network engagement also remains healthy, with daily active users climbing 16% over the past month to around 4.4 million. However, slower user onboarding, with active addresses easing to 15.8 million, suggests growth is being driven more by existing users than newcomers.

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Meanwhile, total value locked has reached about $4.4 billion, although much of it remains tied to payment activity instead of DeFi applications. For the TRON price outlook to strengthen over the long term, the ecosystem will likely need broader DeFi adoption alongside continued growth in stablecoin settlement volumes.

BlockDAG: 45x Window Ends in 24 Hours!

BlockDAG is seeing a rush of buyer interest right now, and once you look at what’s happening across the network, it’s easy to understand why. Entry currently sits at just $0.00000044 per coin, and the network just launched BDAG AI, a new set of artificial intelligence tools now built into the platform.

That move alone added an estimated $500 million to the project’s valuation. On top of this, the BlockDAG Futures & Spot Exchange is set to arrive in two weeks, a development many expect will push the entry price much higher.

Plus, for the next 24 hours, entry is even more rewarding thanks to a $0.05 buyback offer, which could translate into 45x returns for anyone who buys now and sells back at that rate. The World Cup Bonus is also live, giving buyers 50% extra BDAG on their purchase, further expanding the ROI potential.

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A profit opportunity like this is rare in the market, especially for a network seeing as much demand and adoption as BlockDAG. The BlockDAG Casino also proves that, continuing to see record activity, with more than 13,000 users and over $150 million wagered in its first 30 days.

The casino runs on a high-speed network, currently processing 5,500 transactions per second, and is set to increase to 7,000 within three days. Thanks to this scalability, ROI, and technological strength, BDAG is effectively outperforming many established cryptos today.

According to experts, whether someone wants to cash out through the buyback or hold for the long term, this might be one of the most impressive entry points crypto has offered in a while.

Which Is The Best Crypto to Buy Now?

LINK and TRON are worth watching, but neither offers urgency right now. The Chainlink price prediction points to a slow grind upward, with LINK needing to reclaim key resistance before its longer-term targets of $17, $28.53, and beyond come into focus. As for the TRON price, while the stablecoin volume makes it a solid utility play, future gains depend on whether DeFi adoption can catch up to TRON’s payment dominance.

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BlockDAG, on the other hand, is not asking investors to wait around. With BDAG AI just added to the network, a $500 million valuation, and the Futures & Spot Exchange launching in two weeks, the fundamentals are impressive.

And the entry won’t stay low for long. Those seeking the best crypto to buy now have already rushed in to secure $0.00000044 and position for the buyback program. Plus, the 50% World Cup Bonus means higher ROI at no extra cost. Those who miss this window risk missing out on one of the biggest opportunities of the year.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

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Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu


Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Solana Launches Onchain Governance With Stake-Weighted Voting for Validators

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Solana Launches Onchain Governance With Stake-Weighted Voting for Validators


Solana Foundation announced Wednesday that onchain governance is live on the network, letting validators propose and vote on protocol-level decisions through a system called Solana Governance Proposals, or SGPs. The mechanism is fully onchain, stake-weighted and verified by Merkle proof, according… Read the full story at The Defiant

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Bitcoin Taps $60K As Investors Grapple With Rate Hike, Record ETF Outflows

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Bitcoin Taps $60K As Investors Grapple With Rate Hike, Record ETF Outflows

Key takeaways:

  • Persistent spot Bitcoin ETF outflows and US dollar strength reduce the odds of a quick bounce to $65,000.
  • Strong AI sector earnings momentum and higher fixed-income returns pull capital from Bitcoin and gold.

Bitcoin (BTC) reacted positively to US Federal Reserve Chair Kevin Warsh’s remarks on stubborn inflation. Despite the gains on Wednesday, traders fear that incentives for fixed-income investments and strong earnings momentum in tech stocks will continue to pressure non-yield-bearing assets like cryptocurrencies.

US 5-year Treasury yield (left) vs. Bitcoin/USD. Source: TradingView

The US 5-year Treasury yield jumped to 4.22%, meaning traders demanded higher returns to hold government bonds. Even as inflation eventually eases and WTI crude oil prices fell to a 4-month low, investors anticipate monetary expansion. Regardless of how the Fed manages interest rates and its balance sheet, the US Treasury dictates debt issuance trends.

Implied odds of FED interest rates on Sept. 16. Source: CME FedWatch Tool

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US government bond futures implied 64% odds of interest rate hikes by September, up from 23% one month prior. The higher expected return on fixed-income investments came as the US dollar strengthened against other major global fiat currencies, which is especially concerning for alternative hedges such as gold and Bitcoin.

Gold/USD (left) vs. US dollar strength (DXY). Source: TradingView

Despite the gains on Wednesday, gold prices are down 12% in two months, while the US dollar strength (DXY) nears its highest mark in one year. This vote of confidence in the US economy partly stems from AI sector strength, evident in the 25% gains in the Nasdaq 100 index. However, some specific tech sub-sectors have recently signaled weakness, which could act as a catalyst for Bitcoin and gold.

Could the AI sector cool off act as a catalyst for Bitcoin?

Micron (MU US) and SanDisk (SNDK US) shares saw intraday losses exceeding 9% on Wednesday after competitors SK Hynix (000660 KR) and Samsung (005930 KR) announced plans to expand capacity. Still, the move can hardly be deemed a trend reversal as the iShares SOX Semiconductor Index ETF (SOXX US) gained 78% in three months.

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Continued outflows from US-listed spot Bitcoin exchange-traded funds (ETFs) have shattered bulls’ hopes, reinforcing a negative price spiral as negative news gets amplified while positive events barely register. 

US-listed spot Bitcoin ETFs daily net flows, USD. Source: SoSoValue

Regardless of the rationale behind the sales, Bitcoin’s weakness, 53% below its all-time high, does not inspire confidence in the $60,000 support level.

Strategy (MSTR US) increased its cash position to restore a healthy 17 months of dividend coverage on Monday. However, Strategy’s variable-rate Stretch preferred stock (STRC US) continued to trade far from the $100 target required for additional issuances. The STRC dividend rose to 12% from 11.5%, which was apparently not enough to entice more buyers.

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Related: Bitcoin just $5K away from ‘best investment opportunity’ of bear market

Bitcoin might have temporarily benefited from Fed Chair Warsh’s concerns about persistent inflation, but rising expectations for higher interest rates and strong earnings momentum in the AI sector may continue to exert negative pressure on Bitcoin. As a result, a sustainable rally to $65,000 could take longer.

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Advanced solutions for assured market navigation

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Advanced solutions for assured market navigation

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

UmexGain offers traders access to multiple asset classes, market analysis, educational resources, and tools designed to support informed trading.

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Summary

  • UmexGain combines multi-asset trading, market analytics, and educational resources to support informed trading decisions.
  • The platform offers diverse financial instruments, analytical insights, and learning tools for traders of all experience levels.
  • It enhances trading with broad market access, educational content, and timely analytics for global investors.

When choosing a broker, traders consider the variety of assets, the quality of analytical support, the convenience of services, and the availability of learning materials. These elements offered by UmexGain are essential for making market participation both more comfortable and more productive.

The company provides a comprehensive approach to client support, combining a wide selection of instruments with up-to-date analytical resources. This format enables each user to select a suitable trading style, enhance their knowledge, and receive the timely information needed to make informed decisions.

Broad asset base

One of UmexGain’s key advantages is the extensive array of available assets. Clients can work with various financial instruments, including currency pairs, stocks, indices, commodities, and cryptocurrencies. Each tool features unique properties, allowing for versatile market applications.

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The inclusion of digital assets, which continue to play a significant role in the global financial system, deserves special mention. This allows the company’s clients to use the ever-growing opportunities within modern financial markets and craft diverse trading strategies tailored to their preferences.

This broad selection of instruments helps UmexGain customers focus on areas of greatest interest. The ability to choose from various asset classes also adds flexibility to the trading process and opens up new avenues for executing individual strategies and effective portfolio diversification.

Analytics and education

High-quality information support is essential for success in financial markets. UmexGain provides clients with all the data necessary to make informed decisions in a timely manner. This includes learning materials, helping beginners master the fundamentals of trading while allowing experienced professionals to refine their strategies. This data is presented in a user-friendly format, offering an introduction to core trading principles, market specifics, analysis methods, and strategies for building a personal plan.

Timely analytics enables the assessment and comparison of different assets’ prospects. It helps users track key events, monitor the performance of various instruments, and gain insights to assess market conditions. This allows clients to quickly process current information and use the data to inform their next steps.

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The combination of learning resources and analytical support creates an optimal environment where UmexGain customers can continuously expand their knowledge. This approach fosters confident skill development, regardless of the user’s experience level.

Seamless trading experience

A modern broker must provide a convenient environment for daily activities. UmexGain strives to make the trading experience as intuitive and streamlined as possible. A well-organized interface ensures that key features are easy to locate, allowing users to focus on market analysis and implementing deals.

The combination of diverse tools and comprehensive information support offers a significant advantage. This approach allows users to dedicate more time to identifying new opportunities, developing their strategies, and honing their practical skills. Regardless of experience level, every client gains access to resources that help them navigate financial markets with greater confidence.

Summing up

UmexGain is a broker that combines a wide range of assets, modern trading capabilities, and high-quality information support. A vast array of financial instruments, including cryptocurrencies, enables clients to utilize the expanding opportunities of modern financial markets and select the most promising areas for their activities.

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A key advantage of the company is its comprehensive user support. UmexGain provides clients with the information needed to make well-informed decisions in a timely manner, offering learning resources to master key trading concepts and refine strategies, alongside up-to-date analytics for evaluating and comparing the prospects of various assets. The combination of a diverse range of instruments, learning materials, and current market analysis makes UmexGain an attractive choice for those seeking to expand their knowledge and confidently pursue their goals.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Ethereum Banks on Institutional Interest to Save ETH as Price Remains 70% Below Peak

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Ethereum Price Performance. Source: TradingView

Ethereum Institutional launched Wednesday, the ecosystem’s second nonprofit in nine days, backed by Tom Lee’s BitMine, SharpLink Gaming and co-founder Joe Lubin.

The launches show the backers doubling down while price stays weak. Ether (ETH) trades near $1,600, down about 67% from its 2025 peak.

Ethereum Price Performance. Source: TradingView
Ethereum Price Performance. Source: TradingView

Two Nonprofits in Nine Days

Ethereum Institutional follows the research nonprofit Ethlabs, which launched on June 22. Its backers cast Ethlabs as readying the network for an institutional supercycle.

Both share the same anchor funders and the same aim, drawing institutional interest to Ethereum. The launches come as the Foundation keeps narrowing its core role to protocol stewardship.

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The funders are heavily exposed to ETH. BitMine, the largest corporate holder, controls about 5.7 million ETH, or roughly 4.7% of supply, per a late-June company disclosure. SharpLink, the second-largest treasury, added 10,000 ETH just before the launch.

BitMine and SharpLink among Top 2 Ethereum Treasuries. Source: Coingecko
BitMine and SharpLink among Top 2 Ethereum Treasuries. Source: Coingecko

ETH traded near $1,610 as of this writing, up almost 5% over 24 hours. However, the largest altcoin on market cap metrics still sits about 67% below its August 2025 record high. That is a steeper drop than Bitcoin (BTC), which trades about 53% below its own peak.

The token has spent 2026 near the low end of its range. The backers are wagering that institutional demand can lift ETH before price follows.

Ethereum Price Performance. Source: TradingView
Ethereum Price Performance. Source: BeInCrypto

Ethereum Institutional’s Neutral Front Door

Ethereum Institutional describes itself as a credible, independent front door for institutions assessing the network, according to its website. Its founding team previously built the Ethereum Foundation’s enterprise function.

David Walsh, Marius Smith and Matthew Dawson lead the organization. Walsh earlier ran the Foundation’s enterprise efforts.

The nonprofit set five priorities from day one. These span institutional engagement, market intelligence, ecosystem marketing, industry research and events. More supporters are expected soon.

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“The world’s largest institutions are deciding where tokenization, stablecoins, and onchain markets will settle. We’re ready to make Ethereum the base layer for institutional finance,” read an excerpt in the announcement.

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Standard Chartered Sees a Bigger Opportunity

Geoff Kendrick, global head of digital assets research at Standard Chartered, called the two launches important for Ethereum’s commercialization. He said they arrive as TradFi enters the network at scale, filling a longstanding gap in Ethereum’s institutional outreach.

“This commercialization is central to ensuring Ethereum capitalizes on its current lead towards becoming the settlement layer of the global economy,” Kendrick wrote in a client note.

Kendrick sees Ethlabs and Ethereum Institutional as complementary. One readies the protocol, while the other brings institutions through the door.

Tom Lee, who chairs BitMine, welcomed the launch, after floating a long-term ETH target of $250,000, betting tokenization pulls institutions onchain.

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The ambition runs ahead of the price. Whether the two nonprofits convert institutional interest into demand will show in the months ahead.

The post Ethereum Banks on Institutional Interest to Save ETH as Price Remains 70% Below Peak appeared first on BeInCrypto.

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Bitcoin Bounces Off 21-Month Low But Will Bulls Hold The Line?

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Bitcoin Bounces Off 21-Month Low But Will Bulls Hold The Line?

Bitcoin (BTC) traded as high as $60,200 on Wednesday, up about 2.7% over the past 24 hours after falling to a 21-month low of $57,737 earlier in the session. Ether (ETH) and Solana (SOL) also gained, up 3% and 4.85%, respectively. 

The bounce took place amid deep investor caution, with sentiment trackers gauging the balance of fear and greed in crypto markets currently reading around 11 out of 100, in “Extreme Fear” territory. Despite the rebound from the yearly low, Bitcoin remains down roughly a third since the start of the year. 

Crypto Fear & Greed Index. Source: Alternative.me

Bitcoin dip-buyers overshadowed by fear of future selling

Investors’ cautious stance shows up differently depending on what data is analyzed. US spot Bitcoin exchange-traded funds (ETFs) have seen more money leave than enter in recent weeks, including a reported $4.5 billion total outflow in June, the largest since the funds launched. 

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At the same time, onchain data shows that long-term holders added roughly 270,000 BTC over the past two weeks. That is generally read as a sign that some bigger investors see the recent decline as an opportunity rather than a reason to sell. 

Looking at the past few days, one useful gauge is the funding rate. That figure has stayed positive for three straight days, meaning bets on rising prices have remained crowded even as Bitcoin fell to new lows. When leverage builds up on one side of the market like this while price is weak, it can add to volatility, since more traders become exposed to being forced out of their positions if the market moves further against them. 

Bitcoin open interest, funding rate. Source: Hyblock

Liquidations continue to define the price action

A broader look at where leveraged positioning is concentrated, combining data from three major exchanges over the past week, shows the heaviest concentration of positioning is roughly between $57,000 and $60,500, which closely wraps around the range Bitcoin has traded in since late June. That concentration thins out noticeably above about $61,000 to $62,000, and again below about $55,000 to $56,000. 

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Bitcoin liquidation heatmap, 3-day look back. Source: Hyblock

In practical terms, most of the leverage that could be forced to unwind sits close to the current price rather than in a distant zone, so a decisive move beyond roughly $61,000 on the upside, or $56,000 on the downside, is where forced position closures would likely have the most room to accelerate a move.

The view for the next 24 hours leans neutral and a genuine shift in positioning would likely need to show up as rising leveraged positioning alongside a rising Bitcoin price, a combination that has not yet appeared in the data.

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Brent Crude Oil Erases Entire War Premium, Falls 40% to Pre-War Levels

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Brent Crude Oil Erases Entire War Premium, Falls 40% to Pre-War Levels

Brent crude oil has erased its entire war premium, sliding roughly 40% from its March peak near $120 to trade around $72.25 on Wednesday. The move returns oil to its pre-war support base.

The retreat follows stalled diplomacy between Iran and the United States. Traders have shifted focus away from conflict risk and back toward supply, demand, and the broader economic outlook.

Brent Crude Oil Falls Back Into Its Multi-Year Channel

The weekly chart frames the whole story. Brent crude oil has traded inside a descending parallel channel since late 2023. That structure defined the pre-war regime for more than two years.

The channel’s upper band rejected price four separate times through 2024 and early 2026. Each test capped rallies and sent oil back toward the middle of the range.

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Then the conflict changed everything. Price broke out sharply after the Iran-US escalation, with the Doha talks still unresolved. Brent surged into a distribution zone between $104 and $114, peaking near $120.

UKOIL weekly chart. Source: Tradingview

That advance has now fully unwound. The weekly chart shows a 40.02% decline from the peak. Oil has fallen back into the accumulation zone between roughly $60 and $72.

The upper band of the channel now sits directly beneath the price. Old resistance can flip into support, and that band is the first line the bulls must defend.

Daily Triangle Breakdown Pushes RSI to Oversold

The weekly structure hints at support, yet the daily chart complicates that read. Momentum has turned sharply against oil.

Brent crude oil built a symmetrical triangle after the March top. Price coiled between a lower series of highs and a rising series of lows toward an apex near $108.

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The pattern resolved lower. Oil broke down from the triangle in late May and fell in a near-vertical drop as war fears faded around Hormuz shipping lanes.

UKOIL daily chart / Source: Tradingview

Price is now back on the pre-war support zone between $68 and $73. That band held as a base during January and February before the conflict began.

The daily Relative Strength Index (RSI) has fallen below 30. That marks the first oversold reading since April 2025 and signals deeply negative momentum. However, such stretched readings often precede a pause or bounce.

Oil Price Prediction Hinges on the $68 to $72 Support Zone

The two timeframes converge at a single decision point. The weekly upper band, the daily support base, and a rising trendline off the early-year lows all stack up between $68 and $72.

Brent crude oil sits at the top of that confluence near $72.25. The triangle’s widest span measured about $29, and the breakdown near $100 projected toward roughly $71. That target has now been met, suggesting much of the downside has been spent.

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A hold here keeps the pre-war base intact and could open a rebound toward the $80 shelf that broke in June. A daily close back above $80 would ease the bearish pressure.

A loss of $68 would invalidate that thesis. The next support sits near $60 at the accumulation floor, with the lower channel band below it.

Fundamentals could tip the balance either way. Falling US inventories and a supply warning argue for a floor, while a fresh Iranian oil license and cooling war risk keep rallies capped.

Whether oil holds this zone or slides toward $60 now depends on the next Middle East headline, weighed against the forces of supply and demand.

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Robinhood Rolls out Public Blockchain, Plans Crypto Trading for UK Residents

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Robinhood Rolls out Public Blockchain, Plans Crypto Trading for UK Residents

Stock and cryptocurrency trading platform Robinhood announced the launch of its public mainnet about four months after it began testing the network.

On Wednesday, the company said Robinhood Chain, a layer 2 (L2) blockchain built on Arbitrum, had officially launched after the network went live on testnet in February. The blockchain, which the company described as “AI-native and purpose-built for real-world assets,” comes amid Robinhood’s expansion of crypto- and decentralized finance-related services.

According to Robinhood, it plans to launch crypto trading in the UK soon. The company also said that its tokenized stock products were live and available through its wallet app to users in more than 120 countries. CEO Vlad Tenev called tokenized stocks “inevitable” in January, arguing that offering the products could help prevent trading freezes that sometimes occur on traditional exchanges.

Source: Robinhood

The launch of the public mainnet came just a few weeks after Tenev announced that Robinhood would cut 10% of its workforce as part of a restructuring move. The company is expected to announce its 2026 second-quarter results on July 29, but reported in April that its crypto transaction revenue dropped by almost 50% year-on-year, from $252 million to $134 million.

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The company also introduced Robinhood Earn, a decentralized product that allows users to lend USDG, a dollar-backed stablecoin, through a self-custody wallet at an estimated 7% annual percentage yield. Robinhood shares rose about 8% on Wednesday.

Base’s L2 network reports back-to-back outages

Robinhood is entering an increasingly competitive L2 market dominated by networks such as Base, the Coinbase-backed blockchain.

In June, Base experienced two outages within hours of each other, which the engineering team later reported had been the result of a sequencer bug. The mainnet is the second-largest layer 2 network by total value secured at about $11 billion.

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