Data from CryptoQuant indicates that these daily outflows have exceeded previous highs, hinting that miners are capitalizing on recent market gains. Such an influx in supply might affect the prices temporarily.

Record Miner Sales

Reports from CryptoQuant reveal that the leap to 16K Bitcoin was driven by miners’ intent to secure profits following Bitcoin’s recent surge. This surge in Bitcoin miner sales is the highest since April with the majority of it directed to exchanges as Bitcoin reached a new all-time high.

Earlier this year, during the price rise from $75K to just above $100K, miners unloaded approximately 17K Bitcoin in April alone. Now, as prices push past $120K, they have embarked on another round of sell-off.

Miners typically sell when their operational costs are met and they stand to gain sizeable profits. However, when all miners sell simultaneously, it can induce market instability.

Mid-Tier Holders Also Unload

Large miners aren’t the sole participants in this sell-off. Wallets holding between 100 and 1,000 Bitcoin have reduced their balances from 68K Bitcoin to 65K Bitcoin since mid-June, resulting in a decrease of about 3K Bitcoin in just a few weeks.

During the April rally, this same group sold approximately 5K Bitcoin before reverting to buying mode when prices stabilized in a range. Currently, they represent a significant source of additional supply as the latest rally catches their interest.

Exchange Inflows Rise

Simultaneously, the total amount of cryptocurrency sent to exchanges jumped from around 13K Bitcoin per day to about 58K Bitcoin this week. This fourfold increase indicates a rush of profit-seekers eager to unload coins.

At the time of writing, Bitcoin was trading at $118,000, down by 0.3% in the past 24 hours, according to data from CoinMarketCap.

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Bitcoin (BTC) shatters the ceiling, reaching a new all-time high, with signs pointing towards further growth. Ripple’s (XRP) price, on the other hand, validates a multi-year triangle breakout, with potential to reach $3 or a new ATH. Meanwhile, Ethereum (ETH) records over 20% hike in a week, with predictions suggesting a climb to $4,000.

Historic Breakthrough for Bitcoin

Bitcoin continues to ride the bull wave, achieving a new record high of over $118,000. Several metrics indicate potential for further growth. In 2024, for instance, Bitcoin’s Market Value to Realized Value (MVRV) ratio reached beyond 2.7, while currently, it’s at approximately 2.35.

According to CryptoQuant, the short-term holder spent output profit ratio (SOPR) doesn’t reveal any “intense” profit-taking, leading to reduced sell pressure from these investors. The decreasing BTC amount on crypto exchanges further corroborates this trend. Over recent months, investors have been moving assets from centralized platforms to personal custody methods.

Not surprisingly, the crypto sphere is flooded with enthusiasts predicting more gains for BTC. User Captain Faibik forecasts a surge to $126,000, while OxNobler predicts a “super-cycle” leading to a valuation of $300,000.

Ripple (XRP) Also on the Rise

Ripple’s token has embraced the market’s green trend, reaching a two-month high of $2.60. It looks like a breakout from a multi-year symmetrical triangle that formed between 2018 and 2024, hinting at more substantial gains.

User Cryptoinsightuk suggests that breaking the $2.60 resistance level could pave the way for a rise to $3 and a new all-time high. However, investors should be wary of metrics indicating a potential short-term correction. For instance, XRP’s Relative Strength Index (RSI) has rocketed to 85, indicating overbought territory.

Ethereum’s (ETH) Impressive Run

The largest altcoin has shown a remarkable price increase of nearly 20% over the past week, now trading well above $3,000. Many analysts believe this rally is far from over. User Cipher X anticipates no “major correction” until $3,300-$3,400, while Ted believes ETH’s next stop is $4,000.

Despite the optimism, there are warning signs to consider. The Ethereum Foundation sold off 1,210 ETH for 3.5 million USDC at an average price of about $2,890. In the past, these sell-offs have often led to significant price pullbacks. However, there have been exceptions, like in November last year, when despite a selling spree, ETH’s price continued to rise, hitting $4,000 in December.

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The analysis, which covered 4.1 million trades on Finery’s non-custodial trading platform between January and June 2025, also showed that OTC spot volume had risen by 112.6% year-over-year, with the number of trades climbing by 57.6%. Furthermore, stablecoin transactions saw a growth of 154%, and crypto-to-stablecoin flows skyrocketed by 277.4%—significantly outpacing the 48.5% growth in crypto-to-fiat transactions. This trend has made stablecoins the fastest-growing segment within the crypto market.

According to the report, Circle’s USDC was the standout performer, with a 29-fold increase in turnover, spurred by the new regulatory environment in Europe under the MiCA regime. Altcoins, including Cardano, Litecoin, Solana, Tron, and XRP, collectively captured 16.7% of OTC volume, although Bitcoin, Ethereum, and stablecoins remained the main focus of institutional rotation.

The report also highlighted a series of M&A deals and product launches in response to the growing preference for fiat-pegged cryptocurrencies among institutional settlements. However, the CEO and co-founder of Finery, Konstantin Shulga, warned of the escalating systemic risk associated with the growing adoption of stablecoins and the increase in issuers. He emphasized the need for secondary-market liquidity to keep pace with issuance to mitigate potential future depeg events.

Disclaimer: This article is for informational purposes only and should not be considered as legal, tax, investment, financial, or other advice.

The post USDC’s Astounding 29x Yearly Growth as Stablecoins Command 75% of Institutional OTC Volumes in H1 2025 appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The support that Martinez identifies is the lower boundary of a symmetrical triangle pattern that has been forming since DOGE’s early 2025 rally, where it frequently tested the $0.4 level.

Despite this, DOGE has struggled to sustain its momentum and experienced a sharp drop in the ensuing months. It hit its lowest price around $0.13 in early April, amidst the height of the US-trade war with the rest of the world.

The recovery that followed propelled DOGE above $0.25 in May. Unfortunately, this resurgence was fleeting, and at present, DOGE hovers around $0.175 after a weekly dip of 4.5% and a monthly drop of 23%.

If Martinez’s prediction comes true, DOGE’s price could slide to a new annual low, falling under $0.12. Another analyst, Andrew Griffiths, also leans towards a pessimistic future for DOGE, citing a pattern of consecutive lower highs as a clear indication of bearish rejection.

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Renowned crypto analyst, Crypto Patel, flagged Ethereum’s weekly engagement hitting a new high on social media. The analyst’s data reveals that the number of unique addresses interacting with Ethereum’s network has significantly increased. The most recent figure for weekly active addresses stands at 17.4 million, a nearly 17% spike in just a week. May 2025 witnessed the highest growth in engagement, with each of the past three weeks seeing at least 15 million active addresses. Furthermore, Ethereum’s Layer 2 multiplier, reflecting adoption across its scaling solutions, has risen to 7.55x, marking an 18.63% increase over the same period.

Crypto Patel emphasized the importance of these developments, noting the rapidly building momentum and urging followers to brace themselves for a potential dramatic Ethereum rally. “It’s impossible to ignore $ETH right now,” Patel proclaimed. Despite a negligible 4.31% decrease in cross-chain activity over the last week, the overall engagement trend suggests that the Ethereum ecosystem is attracting more users.

Adding to this on-chain momentum is a broader technical analysis by another crypto analyst, XForceGlobal, who predicts a major Ethereum price surge. Following a detailed Elliott Wave analysis, the analyst suggested that Ethereum has completed a complex corrective structure and is ready for a powerful new impulse phase. The chart indicates that the bearish scenario has been negated by the recent price movement, initiating a new bullish cycle with Ethereum currently in a bullish B wave.

If this B wave progresses as anticipated, XForceGlobal foresees a significant price surge, projecting a target range of $9,000 to $10,000 for Ethereum. The analysis identifies a $9,410 price target for Ethereum within the next year. However, a possible fallback to the $576 zone is outlined if a C corrective wave materializes. Nevertheless, the current wave structure suggests a higher likelihood of Ethereum surging than breaking down. “We can now confidently scrap the bearish case. The impulse opened the door for potential new highs,” concluded the analyst. As of this writing, Ethereum is trading at $2,493 with a recent intraday high of $2,537.

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Their social media feud seems to have incited a surge of risk-averse sentiment among traders, leading to a 4% decrease in the global crypto market cap. It fell from over $3.4 trillion yesterday to $3.33 trillion. The widespread market correction is also reflected in derivatives data.

Bearish Sentiment Rises, as Evidenced by Derivative Metrics

CryptoQuant analyst Darkfost reported a significant drop in Binance net taker volume, a metric that gauges the disparity between aggressive longs and shorts. It plummeted from $20 million to -$135 million in less than eight hours, suggesting a sudden shift in sentiment. Traders seemed to be hedging or speculating on the downside risk as the news unfolded.

Darkfost highlighted that this was the largest intraday net taker volume reversal recorded on Binance this year. This swift shift illustrates how rapidly sentiment can flip when macro-level stories or influential individuals take center stage.

In this particular scenario, the market quickly responded to the perceived uncertainty, resulting in a buildup of short positions and substantial selling pressure. The situation also triggered a remarkable shift in BTC perpetual futures funding rates, which turned negative after a brief positive trend.

Bitcoin’s Past Patterns May Indicate Possible Reversal

Historically, deeply negative funding rates have often been followed by robust recoveries in Bitcoin’s price. Darkfost pointed out three prior instances where similar funding shifts led to significant rallies. However, extreme market pessimism can sometimes indicate market turning points, but it’s not always the case, as seen in March 2025 following trade tariff announcements.

Nevertheless, many traders are vigilantly on the lookout for signs of a short squeeze, where a price rebound forces short sellers to cover, thereby bolstering upward momentum.

The post Bitcoin Faces Bearish Market Amidst Rising Political Tensions: A Deep Dive into the Data appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The crypto market’s focus has shifted from price movements to on-chain dynamics, particularly the behavior of new and long-term holders. In a post titled “UTXO Age Band Analysis: Sluggish Inflow of New Investors May Limit Bitcoin’s Upside,” on-chain analyst Avocado Onchain, on CryptoQuant’s QuickTake platform, analysed Unspent Transaction Output (UTXO) data to assess investor trends at this cycle stage.

His findings show that although older coins are being sold, the inflow of new investors remains low. This factor has historically limited momentum during previous cycles. The UTXO age distribution reveals that a significant portion of the BTC supply is held by those who have kept their assets for more than six months. This suggests that many market participants are still in the mid- to long-term holding category.

However, despite Bitcoin reaching new highs, the percentage of UTXOs held by investors with a holding period of less than one month remains well below the historical threshold seen near previous market tops. Avocado Onchain warns that without a notable increase in participation from new investors, the market may struggle to maintain upward momentum.

Large-scale accumulation continues in the background, despite lack of retail inflows. CryptoQuant recently highlighted that Bitcoin addresses holding between 1,000 and 10,000 BTC, excluding exchanges and miners, have been steadily increasing. These entities are often associated with institutional investors or long-term strategic holders, and their accumulation is often interpreted as signaling confidence in BTC’s long-term prospects.

While retail remains largely inactive, institutional behavior may serve as a basis for price support. The current dynamics reflect a market in a transitional phase, with potential for upside if broader participation begins to increase.

The post Bitcoin’s Momentum Slows Down: Take a Look at the Chart that Tells the Story appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

This insight comes amidst historical data suggesting that a return to within 10% of all-time highs usually leads to price discovery. The analysis argues that Bitcoin does not risk a “double top” bear market reversal even with its journey beyond the $107,000 mark.

Swissblock Technologies’ report highlights Bitcoin’s enduring strength, stating it shows “no signs of bearish divergence” when viewed through a range of network indicators. Despite BTC’s proximity to its all-time high, being less than $5,000 away, the cryptocurrency is unlikely to forfeit its push towards price discovery.

The BFI, which combines several existing indicators into a single oscillator, provides insights into the strength of a trend at a particular price point. Since August 2024, the BFI has consistently hovered around the 50/100 mark, regardless of price fluctuations. “Even during the Feb–Mar pullback, it remained neutral, never showing signs of weakness,” the report highlights.

If Bitcoin were to reverse its trajectory now, leaving the all-time high unchallenged, the BFI would already be “breaking down.” However, Swissblock deems this scenario unlikely, concluding that “on-chain strength remains intact,” and that bearish forces will have to “wait.”

This viewpoint resonates with the majority of crypto market participants this month. As previously reported, price discovery is expected to resume sooner rather than later, with one BTC price prediction for this week already set at $116,000.

Network economist Timothy Peterson, based on statistical analysis, predicts a minimum BTC price of $115,000 by the end of June. “Within 50 days, Bitcoin made a new all-time high 98% of the time,” he states, referring to the nearly 300 times Bitcoin has reached within 10% of its all-time high since 2015.

While post-2020 gains have been more modest, with an average increase of 8%, Peterson’s analysis suggests a potential BTC price of up to $125,000.

Investors and traders should conduct their own research as every investment decision entails risk. This article does not offer investment advice or recommendations.

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Data sourced from Cointelegraph Markets Pro and TradingView showed BTCUSD achieving $86,000 for the first time since April 2. The digital currency responded positively to the announcement that US President Donald Trump had chosen to exclude certain crucial products from his ongoing trade tariffs against China.

Traditional markets remain closed over weekends, leading to less liquidity in the crypto markets and an increased likelihood of price fluctuations. Bitcoin subsequently fell below $84,000.

However, even with this dip, BTCUSD was still up 7% for the week, recovering from an earlier descent to five-month lows. Many traders remain skeptical about the strength of Bitcoin’s price.

The ongoing relationship with the 200-day exponential moving average (EMA) at $85,000 was noted by Daan Crypto Trades. He mentioned the expectation of another volatile week ahead due to tariff-related news and upcoming big tech earnings.

The rebound from the lows, according to trader Peter, appears “more corrective than it does impulsive.” Meanwhile, Rekt Capital, a well-known trader and analyst, noted that the real challenge for a Bitcoin bull market resurgence lies in a persistent long-term daily downtrend.

“Bitcoin has Daily Closed above the Downtrend. Thus, breakout confirmation is underway,” he explained in one of his recent X updates. This was accompanied by a chart for clarity. He also pointed out the need for a successful retest, which is currently in progress.

As previously reported by Cointelegraph, overcoming the daily downtrend, which has been in place since late 2024, is a crucial barrier for the bulls.

RSI bullish divergence is still in play, with Bitcoin forming another higher low on the RSI while registering lower lows on the price. Rekt Capital concluded that “Each Bull Div preceded reversals to the upside.”

This article does not constitute investment advice or recommendations. All investment and trading actions involve risk, and readers should perform their own research before making a decision.

The post Bitcoin Hits $86K Amid Trump’s Tariff Revisions: Market Optimism Fuels Bullish Breakout appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The upward swing came at a pivotal moment when SOL was on the brink of sinking into lower demand zones, following a sharp 47% plunge since early March. The shift in market dynamics has grabbed the attention of market players, particularly as the wider market mood starts to regain balance.

Renowned analyst Big Cheds presented a technical analysis suggesting a “long thesis trigger” for Solana, following the recovery of several key chart levels. These comments are stoking anticipation of a broader recovery phase for SOL, contingent upon bulls sustaining the current levels and building up momentum.

As traders keep a close eye on upcoming resistance and key indicators, the forthcoming days will play a crucial role in determining if Solana’s rally will endure or if it will be another fleeting rebound in an unstable macro environment.

Solana has witnessed a remarkable 40% gain since last Monday, rekindling bullish optimism and inciting debates among analysts and traders: Is this the inception of a continual upward move, or will SOL stabilize around its current price?

The surge occurred shortly after the US President Donald Trump declared a 90-day halt on reciprocal tariffs for all countries, excluding China, which is now faced with a 145% tariff. This news triggered relief rallies across risk assets, with Solana being one of the biggest beneficiaries.

Big Ched’s analysis indicates that Solana initiated a long thesis upon successfully breaching the $125 resistance level. This move is viewed as a breakout confirmation, suggesting the formation of a bullish structure.

However, the persistent global tensions and fears of trade wars continue to instill uncertainty into financial markets. For Solana, maintaining above the $120–$125 support zone will be pivotal in establishing if the recent bounce will persist or if further stabilization is on the horizon.

Currently, Solana (SOL) is trading at $131, having finally surpassed the 4-hour 200 Moving Average (MA) and Exponential Moving Average (EMA), which were seated around $125 and $128, respectively. This shift indicates a potential short-term trend change favoring the bulls, who now hold some advantage after reclaiming these essential technical levels.

For the rally to continue and form higher highs, SOL must preserve its position above the $125 level and strive towards the next major resistance around $146. This would consolidate the bullish belief and validate a recovery rally in the broader trend.

Nevertheless, risks persist. If Solana fails to remain above $125, the bullish setup could quickly disintegrate, and the price may revisit the $100 demand zone. Amid the still high global market volatility caused by ongoing macroeconomic tensions, traders are closely observing this support-resistance range to determine whether SOL can maintain its upward momentum or revert to consolidation.

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