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Bitcoin is currently trading above the $116,000 level, which is a positive sign. A small symmetric triangle has formed on the lower time frames, and a break from this pattern will determine the next direction for the price. The resistance and support levels remain unchanged.
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Shrimp-to-Fish Wallets Absorbing BTC Faster Than It’s Minted
Wallets holding less than 100 BTC (Shrimp-to-Fish cohorts) continue to accumulate at a pace exceeding issuance.
🔹 Monthly balance growth: +17K BTC
🔹 BTC issuance: +13.85K BTC
🔹 Shrimp wallets (<1 BTC): Added nearly 10K BTC
This highlights persistent retail-driven accumulation and growing demand from smaller holders despite market uncertainty.
SOL has tested the support area once again and bounced back from it. I hope you have accumulated some SOL at this support level. The price is now moving towards the resistance area, and a breakthrough above $188 could push the price back to $200. Hold onto your long position.
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ME analysis:
The price is currently trading within a falling wedge pattern, and we may see a breakout soon. A falling wedge is a bullish pattern that typically breaks in an upward direction. You can consider opening a long position only after the price is able to hold above the $0.73 level.
POL analysis:
Price has tested the support area and bounced back. You can open a long position if the price drops again to the support area. A significant rally is expected once the resistance is broken.
Support Area: $0.1950-$0.2040
Resistance Area: $0.2466-$0.2570
RAY analysis:
Price tested the support area and is holding above it. You can open a long position at the support area with a tight stop loss. A move towards the resistance area is expected in the coming days.
Support Area: $2.48-$2.55
Resistance Area: $3.50-$3.61
SOL has bounced from the support area and is now testing this level again. The price needs to hold in this zone, and you can accumulate some SOL at the support area.
Resistance Area: $184-$188
Bitcoin has broken the rising wedge in a downward direction. We may see a retest of the trendline, so let's see if BTC is able to break above it. The market is showing mixed signals.
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JUST IN: SharpLink Acquires 83,561 ETH!
The firm purchased 83,561 ETH for $264.5M, averaging $3,634 per ETH.
Institutional confidence in Ethereum continues to grow.
OXT tested the support area, and as expected, the price bounced back from there. Keep a tight stop loss below the $0.050 level while maintaining your long position. You can consider adding more to your position if the price drops back to the support area. The support and resistance levels remain unchanged.
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Bitcoin is gradually approaching the $116,000 resistance level, and we should observe how it reacts in that area. The weekend began with a green candle, and hopefully, this upward trend will continue into the week. Additionally, there is a rising wedge pattern on the lower timeframes, so we’ll see which direction it breaks.
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ETF Holdings Go Vertical!
Ethereum ETF on-chain holdings surged by ~40% in July alone.
Giants like BlackRock, Fidelity, VanEck are stacking ETH aggressively.
The institutions are here — and they’re not slowing down.
PNUT tested the support area and bounced back. The long position is now over 7% profitable from our entry. You can consider adding more if the price drops to the support area again.
Resistance Area: $0.3080-$0.3200
ID analysis:
Price is currently trading within a falling wedge pattern, indicating a no-trade zone. We are looking for new entry points around the support area. It's better to wait some time before making new entries.
Support Area: $0.1400-$0.1450
Bitcoin Dominance has broken out of the triangle pattern in an upward direction. As a result, altcoins are experiencing significant losses, with many declining in double digits. A strong rally is likely only if Bitcoin Dominance retests and breaks below the support zone. Until then, altcoins may continue to move sideways over the next few days.
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Ethereum (ETH) has finally crossed the $4,000 mark after a long period of stagnation. Although there was a slight correction, we indicated that the price might drop to the $3,500 level. Currently, the price is testing the resistance area again. A break above $4,100 would pave the way for a potential rise to the all-time high resistance zone of $4,800 to $5,000.
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BOME has bounced off the support area as expected. The long position is now over 13% profitable from our entry point. You can adjust your stop loss to the breakeven point and hold the trade, as a move toward the resistance area is anticipated.
Resistance Area: $0.002000-$0.002070
Bitcoin has finally broken above the $116,000 resistance area and is now holding above it. We may see a move towards the $118,000 resistance level.
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Accumulation Insight (15D Avg)
Both whales (>10K BTC) and retail holders (<1 BTC) have been accumulating over the past 15 days, signaling dip-buying during the recent correction.
This signal reflects a 15-day smoothed average, so it's slightly lagging in nature.
Bitcoin has retested the resistance line as anticipated and faced a rejection from that point. The market continues to show mixed signals, and we will only see upward movement if the price breaks and holds above the $116,000 level. The support level on the downside is around $112,000.
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MARKET UPDATE: TRON Sees $1.4B in Realized Profit — 2nd Largest in 2025
TRON just recorded $1.4 billion in daily realized profit, marking its second-biggest profit event this year.
Long-term holders from the 2020–2021 cycle are now cashing out, triggering the strongest profit wave in months.
BOME has dropped to the support area and is now holding this level. You can open a long position at the support area with a stop loss below the $0.001600 level. A bounce is expected towards the resistance area.
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TFUEL analysis:
The price has been rejected from the resistance area and is currently hovering between the support and resistance levels. This is considered a no-trade zone, and we are waiting for a clear breakout above the resistance level or a test of the support level before making any new entries.
Support Area: $0.02960-$0.03060
Resistance Area: $0.04250-$0.04530
$18.24 BILLION in BTC Sold by Short-Term Holders!
According to Glassnode, short-term holders dumped massive volume — Weak hands tapped out.
But the real holders?
They stay calm, even on the red days.
MANTA has reached the resistance area and has been rejected from there. This is a no-trade zone, and a long position should only be opened once the price breaks and holds above the resistance area. The resistance area remains unchanged.
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BOME analysis:
Price tested the support area and bounced back. You can open long positions if the price drops again to the support area. We may see a movement toward the resistance area in the coming days.
Support Area: $0.001650-$0.001720
Resistance Area: $0.001990-$0.002070
SOL analysis:
Price is currently testing the support area and needs to hold this level; otherwise, we could see a further drop in the market. You can open a long position at the support area, as we may see a bounce from here.
Support Area: $156-$161
Bitcoin's dump is over, and the price is slowly rising. The opening of the US market will provide more confirmation about the bottom.
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The Glassnode data you referenced suggests that the recent price drops in Bitcoin (-3.2%) and Ethereum (-6%) are primarily driven by spot market selling rather than a derivatives market flush. Liquidations are relatively low at $110M for BTC and $132M for ETH, and open interest (OI) drawdowns are modest, indicating no significant leverage cascade at this point
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Bitcoin made a new low and there is not much volume because of weekend. Lets see how market will open the new week. A retest of $116,000 is possible in coming week and lets see if price able to reclaim this level or not.
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