In a recent post on July 26, KillaXBT offered a detailed technical analysis of the Bitcoin market to predict its possible future trajectory. The well-respected analyst pointed out that Bitcoin saw a price bounce after falling into a critical demand zone around the $115,000 mark, which is also referred to as an optimal long entry point.

Since then, the digital currency leader has risen to $118,000 after this price recovery. However, KillaXBT mentions the presence of a CME Gap at approximately $117,071, which may act as a price magnet in the near future. It’s worth noting that CME gaps are price voids on the Chicago Mercantile Exchange’s (CME) Bitcoin futures chart. These typically occur when Bitcoin’s price significantly fluctuates on the spot market while CME markets are closed, often over the weekend.

Looking towards the upcoming week, KillaXBT explains the first scenario where the Bitcoin market opens on a bullish note. Here, the analyst suggests investors could anticipate Bitcoin to form a higher low, possibly through a liquidity sweep around the $116,000 mark. If Bitcoin bulls successfully maintain this price range, it could initiate new long setups with stop losses set beneath the previous week’s low.

In the second scenario, KillaXBT describes a more assertive situation where Bitcoin performs a double sweep of the previous week’s wick low around $114,800. This would result in a ruthless liquidity grab prior to an upward reversal. Nevertheless, the market expert leans towards the likelihood of the first scenario, given the earlier liquidity grab with the price dip to $115,000.

KillaXBT also discusses certain factors that could nullify the chances of a bullish reversal. Specifically, if the price fails to remain above the recent wick lows after a retest, it could push Bitcoin prices to deeper imbalance zones between $112,000 – $113,800.

As of now, Bitcoin is trading at $117,900, indicating a slight 0.21% increase over the past week.

The post Bitcoin’s Bull Run Gains Momentum: Predicting Two Possible Scenarios for The Coming Week appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Following our ongoing ‘We Asked…’ series of crypto-focused inquiries, this time our curiosity was inclined towards the potential XRP holds in this cycle, especially considering it has already shattered its prior all-time high of $3.4 from January 2018, reaching over $3.6 last week.

The AI solutions offered a variety of price forecasts, from “realistic” to “ambitious”. Perplexity highlighted that most crypto analysts predict the asset will peak between $5 and $10. The chatbot, largely basing its projections on technical analysis, primarily confirmed its target, positioning it at $6 to $8, even potentially reaching $10 under favorable conditions.

Gemini’s moderate estimates suggest a peak of $6, whereas its “bullish but achievable targets” align with those proposed by Perplexity. Grok and ChatGPT proposed a less optimistic outlook for XRP’s potential in this cycle, projecting $5.50 to $7 as the “moderate” scenarios. However, in their aggressive approach, they both suggested the asset could exceed $10 and target $15.

Despite minor variations in their price ranges, the AI solutions collectively identified key factors that could propel XRP to these highs. They unanimously agreed that a Ripple ETF would significantly boost the underlying asset, mirroring recent developments with BTC and ETH. With a high probability of such a financial product gaining approval by year-end, a capital shift from Bitcoin to altcoins would further aid XRP, the second-largest altcoin.

Additionally, they pointed out that the incorporation of XRP Ledger in corporate/central bank settlement pilots and the ISO 20022 update are likely to benefit Ripple’s token. However, they emphasized the volatile nature of the market and urged caution, reminding that these are predictions, not guarantees.

The post AI Predictions on Ripple’s (XRP) Peak Price in the Current Bull Run: An Insightful Revelation appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

It appears that while institutional investors are doubling down on major cryptocurrencies like Bitcoin and Ethereum, retail investors are gravitating towards memecoins and other altcoins, as per the report shared with The Block. This shift in trading interests marks a significant divergence from previous years when institutional and retail interests largely mirrored each other. The current trend indicates that institutions are seeking stable exposure while retail investors are exploring newer, albeit riskier, opportunities.

The gap in allocation to major cryptocurrencies has surged to a record 30 percentage points between institutions and retail traders. Institutions maintain a 67% allocation to majors, largely due to ETF inflows and other new accumulation vehicles, while retail allocations to majors have dwindled by 9% to 37%, reflecting a shift towards altcoins.

“This divergence is not a fleeting phenomenon; it signals a more mature, sophisticated, and specialized crypto market,” commented Wintermute CEO and Founder, Evgeny Gaevoy. “Investors are no longer pursuing the same trend. While institutions treat crypto as a macro asset, retail traders are drawn towards innovation.”

In the first half of 2025, institutions largely embraced derivatives as potential tools for hedging, yield-generation, and capital-efficient exposure. Wintermute reported a 412% surge in over-the-counter (OTC) options volume compared to the first half of 2024.

Memecoins such as BONK, WIF, POPCAT, and other emerging memecoins gained traction, while established coins like DOGE and SHIB saw a dip in dominance. DOGE, SHIB, and PEPE, however, continue to be the top three memecoins by weight in the GMCI MEME Index.

For the latter half of 2025, Wintermute anticipates that the Securities and Exchange Commission’s potential decision on spot Dogecoin ETFs in October could sway retail demand. Grayscale, REX-Osprey, and Bitwise have all filed for spot Dogecoin ETFs this year.

The post Institutional and Retail Crypto Investors Display Divergent Strategies Amid 2025 Bull Run: Wintermute Report appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Altcoins on the Verge of a Historic Breakout as Bear Trap Concludes

According to a chart analysis by renowned crypto specialist Merlijn The Trader, the altcoin market could be on the cusp of a remarkable breakout. The expert compares the current cycle with those of 2017 and 2021, illustrating that the total altcoin market capitalization has regained a long-term ascending trendline that has historically preceded major bull runs.

In prior cycles, altcoins temporarily breached this trendline in what was considered a “bear trap,” before quickly reversing and initiating periods of explosive growth. Merlijn The Trader discloses that this pattern seems to be repeating itself in the current cycle, with the market structure closely resembling previous scenarios that fueled swift increases in altcoin valuations.

The recovery of the ascending trendline is highlighted within a red box in the chart, corresponding with areas that marked the conclusion of previous downtrends. In each case, the recovery was succeeded by aggressive upward movement, signified by green boxes representing parabolic gains in total market cap. The recent rebound, according to Merlijn The Trader, might indicate the end of another bear trap, signifying a resurgence of bullish momentum. If the historical pattern holds, the analyst anticipates a significant vertical rally for altcoins, with valuations potentially reaching between $10-$16 trillion.

Altcoin Market Echoes Breakout Pattern of 2016-2018

In another recent analysis, Merlijn The Trader points out that the altcoin market cap appears to be replicating a historical pattern that previously resulted in a significant bull run. A side-by-side comparison of the 2016-2018 market cycle and the present one reveals a similar structure unfolding, albeit on a far greater scale.

It seems the market has formed a Double Bottom, trailed by a mid-cycle correction and consolidation inside a descending broadening wedge pattern. This identical fractal was observed before the 2017 altcoin rally. The chart also shows that in the previous cycle, altcoins escaped this wedge pattern, resulting in a substantial increase in market cap, dubbed as “Pump 2.0”.

With the same breakout now evident in the current market structure, Merlijn The Trader suggests that the altcoin sector might be stepping into its next parabolic expansion phase. This progression could indicate the end of the altcoin market’s current bear phase and the initiation of a second macro pump, akin to the one that took place between 2017 and early 2018.

The post Are Altcoins Poised for a Massive Breakout Similar to 2021’s Rally? appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The ‘Market Magnet’ Theory, as labelled by CryptoQuant contributor Darkfost, employs the Market Value to Realized Value (MVRV) ratio to gauge the current profitability of holders. Reports propose that the average realized profit for long-term holders hovers around 220%. This might seem promising, but when compared to the 300% and 350% gains of March and December 2024, it falls short. The difference between the current 220% and these earlier peaks has led to predictions of a $140,000 Bitcoin value to equalize unrealized profits with the cycle’s highest levels.

Recent trends reveal that long-term investors have been divesting their holdings as Bitcoin approaches new peaks. Data indicates that these investors have been largely responsible for the selling pressure in recent weeks. The average cost basis for this group, the realized price, is approximately $33,800, meaning that to break even, anyone who bought Bitcoin six months ago would need the digital currency to hit this price.

To match the profit levels of March and December 2024, Bitcoin would need to soar to $140,000. This situation has prompted some traders to secure profits early, while others remain hopeful for larger gains. Reports estimate that a vast majority of Bitcoin investors hold unrealized profits totalling a staggering $2.5 trillion, reflecting the robustness of the recent market rally.

Despite this, investors remain optimistic that new buying activity could absorb any potential profit-taking waves. The current market condition seems to be in a temporary pause, with buyers and sellers assessing each other. The central question is whether demand will surge enough to reach the projected magnet-level price.

Market analysts suggest that Bitcoin is poised for a post-breakout retest since breaking the multi-week downtrend that began in mid-May. They predict that the bull run may only have a few months left before a final surge and a subsequent trend change. If this prediction holds, the final push might see Bitcoin nearing or even touching $140,000. Historical patterns indicate a sharp peak followed by a cooling-off period after such a surge.

Featured image from Imagen, chart from TradingViewCryptoNewsBTC

The post Bitcoin Poised to Reach $140K for Maximum Profit, Blockchain Data Indicates appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Crypto expert Crypto GEM has offered an extremely bullish forecast for Ethereum’s price, suggesting it could hit a new all-time high (ATH) in this market cycle. According to his forecast, ETH could see a threefold increase during this predicted bull run.

In a recent post, Crypto GEM suggested that Ethereum’s price is set to skyrocket in this cycle, potentially reaching a staggering $8,000. His accompanying graph indicates that ETH could hit this target by July 2026. Another crypto analyst, Mikybull Crypto, has also outlined similar price targets for ETH within this cycle, ranging between $8,000 and $10,000.

Mikybull Crypto’s recent analysis shows that the current Ethereum price mirrors the price action of the 2017 market cycle. Reflecting this pattern, he suggests that ETH could reach a minimum price target of $8,000. Despite Ethereum’s underperformance in this cycle, the analyst remains optimistic about ETH’s potential for a parabolic rally.

Mikybull Crypto predicts a short-term Ethereum price rally above $3,000. He believes that ETH is still building momentum within an ascending triangle, and sets the target at $3,200 for this potential breakout. He reaffirmed this prediction in another analysis, suggesting that the same pattern is forming under different market conditions, and that investors should brace for a significant upswing.

In another post, crypto analyst Titan of Crypto forecasted that the Ethereum price could rally to $3,800 as a bull flag forms. He suggests that ETH has just broken out and that this bullish pattern is continuing. If proven correct, the analyst indicates that the next target could be around $3,800. This is just a stepping stone as Titan of Crypto anticipates Ethereum to climb even higher in the long run.

Similar to Crypto GEM and Mikybull Crypto, Titan of Crypto also believes that the Ethereum price could reach $8,000 eventually. He highlighted Ethereum’s market structure and potential targets, setting the first target for ETH just above $5,000, the second just over $7,000, and the third at $8,500.

At the time of writing, Ethereum is valued at approximately $2,500, witnessing a decline in the last 24 hours, as per data from CoinMarketCap.

The post Ethereum Set to Soar to $8,000: Crypto Experts Forecast Major Bull Run for ETH appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

According to market analysis, a deeper pullback could be on the horizon before the bulls regain momentum for price discovery. The current resistance is predominantly due to profit-taking.

Bitcoin is vulnerable to a “deeper correction” as the next stage of its bull market could face a brief interruption. Analysts warn of prices falling below $100,000 as data from Cointelegraph Markets Pro and TradingView shows an 8% drop in BTCUSD.

Bitcoin went below its old peak levels on May 31 as the latest correction approaches nearly $9,000 below its recent record high. After experiencing resistance from various sources, onchain indicators suggest a slowdown in bullish momentum.

A recent research report by onchain analytics platform CryptoQuant indicates that “some of Bitcoin’s demand metrics may be reaching a short-term top, which could hint at a pause in the current rally.”

The report mentions that “CryptoQuant’s estimate of Bitcoin’s demand growth in the last 30 days is at 229K, which is near the previous demand growth top of 279K Bitcoin reached in December 2024.” Notably, whale-held Bitcoin balances have increased by 2.8% over the past month, a rate frequently preceding a slowdown in whale accumulation.

CryptoQuant further states that unrealized profits were, on average, over 30% at $111,000, suggesting an imminent pause.

Despite maintaining a bullish outlook on a return to price discovery, market participants anticipate lower levels first. Popular trader Mags highlights the importance of the upcoming weekly candle close as a critical test of the bulls’ strength. If Bitcoin fails to retake the old record close at $104,450 from December 2024 on weekly timeframes, a “deeper pullback” may be in the offing.

Trader and analyst Aksel Kibar concurs that the bull market’s return “might be delayed.” He remains confident about the bullish interpretation as long as the price stays above 73.7K.

Amidst these developments, CryptoQuant sees the price possibly halting at $120,000, a key profit-taking station. However, it is essential for investors and traders to conduct their own research as every investment and trading move involves risks.

The post Potential Delay in Bitcoin’s Bull Rally as $104.5K Weekly Close Becomes Crucial appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The Cumulative Value-Days Destroyed (CVDD) is an on-chain metric which evaluates the total coin-days destroyed when dormant Bitcoin is moved, thereby reflecting the spending habits of long-term holders. A rise in CVDD can indicate significant profit-taking by these holders, often a sign of an overheated market, while decreased CVDD suggests accumulation phases.

According to the chart Martinez provided, leading analytics company CryptoQuant projects Bitcoin’s current CVDD at $34,154 into several layers, each symbolizing different elements of the bull market. The ‘Accessing Tops’ line, for example, extends the CVDD to an upper band that the price has hit at major peaks—currently around $120,000. This suggests the next market peak could be at this level.

Another key layer in CryptoQuant’s CVDD projection is the ‘Accumulating Phase 2’, a support band that has consistently underpinned the price. Currently positioned at $90,000, this represents the first major support level for the bulls.

At the moment, Bitcoin is trading at $103,242. Martinez emphasizes that maintaining the $90,000 support level is crucial for Bitcoin’s bull trend, potentially paving the way for a rise to $120,000.

As of writing, Bitcoin trades at $103,573, a modest market gain of 0.09% from the previous day. However, daily trading volume has dropped by 17.92%, signaling a decrease in market activity. The next resistance level is expected to be around $105,000, but Martinez asserts that a meaningful rally will only occur if the price closes above $107,000. Despite these challenges, bullish sentiments remain buoyant, as demonstrated by the Bitcoin Spot ETFs’ strong performance, with a net inflow of $1.81 billion over the past week.

With a market capitalization of $2.04 trillion, Bitcoin continues to be the most valuable cryptocurrency, comprising about 62.8% of the crypto market.

The post Bitcoin’s On-Chain Data Suggests Potential $120,000 Peak—If $90,000 Support Holds appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

There hasn’t been a “really bubble-triggering use case driving the market cycles like in the past,” such as initial coin offerings (ICOs), non-fungible tokens (NFTs), or DeFi lending, Guthrie shared with Cointelegraph during Consensus.

“We’ve seen the asset class continue to accumulate value, and companies built on this technology are growing revenue, expanding client bases, and innovating without relying on these less than helpful use cases,” Guthrie explained.

In 2017, the ICO boom began, raising an estimated $4.9 billion. This number skyrocketed to $33.4 billion in 2018, fell to a little over $370 million in 2019, and never recovered to its previous peaks. Similarly, NFTs enjoyed a brief period of massive popularity, peaking in 2022 with trading volumes of $57.2 billion and 121.7 million sales, but they have since declined.

However, Guthrie sees the market’s health, even in the absence of such triggers, as a very encouraging sign. He also notes the maturation of the crypto market, despite some ongoing memecoin hype.

Last year, the total crypto market capitalization reached a new high of $3.71 trillion on Dec. 9, with many cryptocurrencies also seeing significant price increases, according to CoinMarketCap.

Guthrie also observed a growing trend of companies, including video game retailer GameStop, and countries like Ukraine, adopting cryptocurrencies for their treasuries and reserves.

Despite the surge in memecoin activity following the launch of Donald Trump’s memecoin on Jan. 18, which saw Pump.fun usage reach a weekly trading volume high of $3.3 billion, Guthrie believes the market’s maturity and sustainability have significantly improved compared to past cycles.

Reported by Sam Bourgi for Cointelegraph.

The post WisdomTree Executive Praises Crypto’s Absence of ‘Bubble-Triggering Use Cases’ appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

XRPUSD

Key takeaways:

The price of ETH has experienced a remarkable 23% surge in a single day, reaching over $2,400, stirring predictions of a potential rise to $4K or even $25K. XRP had a daily jump of 9% to $2.40, driven by positive sentiments following the settlement between Ripple and the SEC. Speculations are rife about a potential surge past $2.80 to new all-time highs. PEPE experienced a 50% weekly rise, its highest price since January, fuelled by whale accumulation and a revived crypto market.

ETH’s Stunning Recovery

ETH, the second-largest cryptocurrency, which had been underperforming this cycle, has successfully turned the tables. In recent days, Ethereum’s price has skyrocketed, and it is currently valued at over $2,400, according to CoinGecko’s data. This translates to an astounding 23% increase within 24 hours, marking the asset’s best daily performance since 2021.

As anticipated, the rally has sparked excitement across the crypto community. Many analysts believe that the current price levels could signal the start of a significant bull run.

Popular analyst, Lucky, recently predicted a jump towards $4,000 in the coming months. Another analyst with over two million followers suggested that “the sleeping giant is finally waking up” and is set for “greater moves.”

Furthermore, analysts like Merlijn The Trader and KALEO have made their predictions. The former drew a parallel between Ethereum’s price chart over the past three years and that of bitcoin between 2019 and 2021, forecasting a price explosion to $12,000 by the start of 2026. KALEO on the other hand, painted an even more optimistic picture: “In a world where Bitcoin is heading to $500K+, $25K+ ETH almost sounds too bearish.”

XRP’s Future Outlook

Ripple’s native token, XRP, is also in the green, though its gains are less substantial than ETH’s. Currently, it is trading at approximately $2.40, a 9% increase within the same timeframe.

Its resurgence can be credited to the flourishing crypto market and the recent developments in the Ripple v. SEC lawsuit. The two parties have agreed to a $50 million settlement, potentially putting an end to the legal battle that started in 2020 over alleged unregistered XRP sales.

A number of analysts believe that Ripple’s cross-border token is poised for a further increase in the short term. Analyst CRYPTOWZRD believes a potential breakout past the $2.80 resistance could propel XRP towards a new all-time high.

Analyst Ali Martinez also suggested that a rise above the $2.26 mark could trigger a jump to $2.60. The price has, indeed, managed to surpass that zone.

PEPE’s Performance

Lastly, the frog-themed meme coin PEPE, one of the top performers this week, has seen a 52% increase over that period and over 42% for the day, trading at its highest since January this year.

Factors contributing to its impressive surge include the revitalization of the digital asset market and increased whale activity. As CryptoPotato reported, a certain large investor recently bought 500B PEPE, increasing their total holdings to 2 trillion tokens.

The post Ethereum’s Remarkable Price Surge, Ripple’s Potential Breakout, and More: Crypto Highlights May 9 appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.