Trading Volume May Signal Tops & Bottoms For Bitcoin

In a new post on X, Santiment has talked about a pattern associated with the trading volume of Bitcoin. The “trading volume” here refers to a metric that keeps track of the total amount of the cryptocurrency that’s becoming involved in trading activities on the various centralized exchanges.

When the value of this metric is high, it means the traders are making a large number of moves on the market. Such a trend suggests interest in the asset is high. On the other hand, the indicator having a low value implies investors may not be paying much attention to the cryptocurrency as they are participating in a low amount of activity.

Now, here is a chart that shows the trend in the trading volume for Bitcoin and other top coins in the sector over the last few months:

In the above graph, Santiment has highlighted two large spikes in the trading volume of Bitcoin. The first of these, involving a movement of $84.08 billion in the asset, occurred at the start of April. Interestingly, this spike coincided with BTC’s tariff-driven dip. The other spike took place just earlier this month and saw the indicator hit a high of $90.90 billion. This time, the elevated trading volume came alongside BTC’s new all-time high (ATH) above the $124,000 level.

“Note that the two largest volume spikes from Bitcoin signaled the optimal time to buy (as prices were falling) and sell (as prices peaked to a new ATH),” explains the analytics firm.

What could be the explanation behind the pattern? Generally, the higher the trading activity, the more likely BTC is to observe some kind of volatility. This is because the moves being made by investors act as fuel for price moves.

Where the emerging volatility may lead the asset is hard to say based on the trading volume data alone, as it doesn’t separate between buying and selling moves. Spikes that come near price lows, however, can be signs of buying. This is what happened in April. Similarly, a particularly sharp uptick in activity after rallies, like the one seen earlier in the month, can be a sign of profit-taking.

At present, Bitcoin trading volume remains elevated, but its current value of $66 billion is clearly still a step below the levels seen during the aforementioned turnarounds.

BTC Price

Bitcoin has been facing sustained bearish momentum recently as its price has gradually been sliding down, with its latest value coming at $113,000.

Crypto analytics platform Glassnode is saying Bitcoin (BTC) has proven its resilience after a massive stash of the flagship digital asset was sold off last weekend.

Glassnode says an unnamed investor disposed of Bitcoin worth nearly $10 billion via Galaxy Digital last weekend, demonstrating Bitcoin’s “growing liquidity profile and market depth.”

“This liquidity was put to the test over the weekend, as an early Bitcoin investor, via Galaxy Digital’s services, distributed 80,000 BTC (approximately $9.6 billion), likely through a mix of market sales and [over-the-counter] OTC transactions. The resulting sell-side pressure drove the price down to $115,000 before stabilizing at $119,000.

This episode illustrates Bitcoin’s ability to absorb large sell-side volumes, even during typically thinner weekend trading hours, reinforcing the market’s structural robustness.”

The analytics platform says that a “super-majority” of Bitcoin holders are currently sitting on significant unrealized profits, with more than 97% of the circulating supply in the black.

“This underscores how the majority of investors are sitting on substantial paper gains, and sets up an environment of potential future sell-side pressure should prices continue to rise further.”

According to Glassnode, profit-taking could “sharply intensify” if Bitcoin goes up by around 20% from the current level.

“…Bitcoin may remain range-bound between $105,000 and $125,000 until a decisive breakout occurs. Should the market break convincingly higher, the $141,000 region is likely to present the next major zone of resistance where sell-side pressure may intensify rapidly…”

Bitcoin is trading at $117,651 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A market intelligence firm is warning traders that leverage is building up in Ethereum (ETH), creating volatility risk for bulls.

In a new thread on the social media platform X, the crypto analytics platform Altcoin Vector says that leverage risk is building within the second-largest digital asset by market cap despite ETH’s most recent price rise being backed by the spot market and exchange-traded funds (ETFs).

“ETH Futures OI (open interest) just hit a new ATH (all-time high) – double since May – and price is climbing with it. Unlike late 2024, this rise is backed by ETF inflows and spot momentum, but… OI at historic levels is a double-edged sword. Conviction is back, but leverage risk is building.”

Ethereum is trading for $3,771 at time of writing, a fractional increase on the day.

Moving on to Solana (SOL) challenger Sui (SUI), Altcoin Vector says that the layer-1 chain looks like it’s picking up momentum that could lead it to outperform Bitcoin (BTC) en route to a $5 price tag and beyond.

“ETH is leading, even outpacing BTC – but this phase of rotation is about spotting alts that don’t just catch up… they outperform. SUI fits that bill. High-beta, strong trader interest, and just pumped +10% in 24h. Momentum is awakening. Impulse hasn’t fully kicked in yet – when it does, $5 target is just the beginning.”

SUI is trading for $4.22 at time of writing, a 5.2% increase on the day.

Concluding its analysis with the top crypto asset by market cap, Altcoin Vector says that BTC’s latest dip shouldn’t be a concern.

“Bitcoin’s drop isn’t a breakdown, it’s a healthy correction. Structure remains bullish. Optimal signal was cooling but now shows the first signs of recovering momentum. BTC is holding above support, though we could still test $112,500. Momentum paused, but trend is intact.”

BTC is trading for $119,503 at time of writing, a fractional increase during the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Crypto analytics platform Bitcoin Vector is bullish on Bitcoin (BTC) as the flagship digital asset hovers just below the all-time high.

The analytics platform says on the social media platform X that Bitcoin is in the early stage of a full bull market after confirming a breakout.

According to the analytics platform, Bitcoin is in the “ignition phase” of a bull market, where the price typically gains momentum before the price explodes.

“The longer BTC stays in Full Bull [phase], the greater the gains.

We’re there again:

– Structure is firm,

– Momentum is rising,

– BTC just broke and stays stable, with a fresh ignition signal.

Full Bull Momentum awaits.”

In November of 2024, when Bitcoin witnessed a similar setup, BTC went up from around $70,000 recorded during the ignition phase to a then all-time high of $106,000 at the peak of the full bull phase, the analytics platform says.

According to Bitcoin Vector, the full bull market for the crypto king occurs when the Bitcoin Fundamentals Index (BFI) rises above 60. The BFI is an oscillator indicator calibrated from zero to 100 – the higher the number, the more bullish it is.

“- Price just hit a new all-time high at $123,000.

– BFI (Bitcoin Fundamentals Index) surged to 59 (above 60 turns full bull [market]).

– Our Optimal Strategy flipped fully bullish again

This breakout isn’t just hype = structure + fundamentals are aligned.”

Bitcoin is trading at $120,246 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A leading digital asset investing research firm is attempting to answer the question of whether or not Bitcoin (BTC) has further upside to go.

In a new analysis posted to the social media platform X, Swissblock says that the BTC Fundamental Index can answer that question.

“If you’re questioning whether Bitcoin still has upside — this is the only chart you need to see:

On-chain fundamentals have flipped back to strength.
This move isn’t just speculation.

Sustained upside is now structurally supported. Higher.”

BTC is worth $119,154 at time of writing, up nearly 10% in the last week.

Moving on to altcoins, Swissblock dares to answer another question on traders’ minds — how close is altseason?

“Altseason in Sight: Wave 5 Has Begun?

The altcoin market just broke out of a multi-month consolidation.
Structure suggests a classic 5-wave move — and Wave 5 may be underway.

Historically, Wave 5s in crypto unfold fast and vertical — this could mirror 2017 or 2021.

Target: $1.79 trillion – $3.37 trillion

Altseason may be here — but it could also be the last leg before the cycle peaks.”

Swissblock’s “waves” refer to the Elliot Wave Theory, a financial analysis framework that views markets as moving in repeating wave patterns driven by investor psychology.

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Tanzeel Akhtar

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Tanzeel Akhtar

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Tanzeel Akhtar is a seasoned journalist who has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal,…

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July 8, 2025

Tether, the issuer of the world’s largest stablecoin USDT, has made a new investment in Crystal Intelligence, a blockchain analytics firm.

In a blog post, Tether shares its growing focus on improving transparency and combating illicit use of stablecoins across blockchain networks.

Crystal Intelligence, originally launched by blockchain software firm Bitfury, provides data-driven tools for analyzing blockchain transactions. The firm is used by law enforcement, regulators, and financial institutions to detect and investigate suspicious crypto activity.

With this investment, Tether said it aims to deepen its collaboration with Crystal and further integrate advanced analytics into its compliance and monitoring systems.

Building on Past Collaboration: Scam Alert Platform

Earlier this year, the two firm’s launched Scam Alert, a public platform that flags wallet addresses linked to fraud, hacks, and other malicious activity. The platform is designed to enhance transparency and give the crypto community and regulators more visibility into bad actors.

Through the Scam Alert initiative, Tether and Crystal said they have already provided insights into addresses associated with phishing schemes and other illicit activity.

The continued partnership will likely lead to broader data-sharing efforts and more sophisticated tools aimed at preventing criminal use of stablecoins.

A Proactive Approach to Stablecoin Risk

Tether said it has frequently faced criticism for its role in the broader crypto space, particularly regarding the potential misuse of its USDT token in illicit finance. However, this investment shows a more proactive and cooperative approach to addressing regulatory concerns.

“We believe that combining Tether’s resources with Crystal’s analytics capabilities will significantly enhance our ability to identify and respond to illicit activities,” said Tether’s CEO Paolo Ardoino.

The company has also emphasized its ongoing commitment to working closely with global regulators and law enforcement agencies to ensure its stablecoin remains a safe and transparent tool for global finance. As the demand for stablecoins continues to grow, so does the need for stronger compliance frameworks.

Tether Unveils Plans for Decentralized AI Platform

Tether is expanding beyond stablecoins and into artificial intelligence with the upcoming launch of Tether AI, a decentralized, open-source AI platform designed to run on peer-to-peer networks.

Unveiled by CEO Paolo Ardoino on May 5, Tether AI will support direct payments in USDT and Bitcoin, and will operate without centralized servers or API keys.

It’s described as a modular AI runtime capable of running on any device, offering developers greater privacy, autonomy, and security.

At its core is a concept called “Personal Infinite Intelligence”, suggesting customizable AI agents tailored to user needs and hardware.

Tether’s in-house AI models are already powering tools like a translation service, voice assistant, and Bitcoin wallet assistant, according to Ardoino.

The crypto analytics firm Glassnode says most Bitcoin (BTC) holders are now seeing substantial gains in their investments.

In a new report, Glassnode says that “a super-majority of Bitcoin investors” are currently holding unrealized profits following the flagship cryptocurrency’s recovery to $107,000.

Holders now have an average paper gain of 125%.

“After finding firm support at the Short-Term Holder cost basis of $98,300, a level that often delineates local bull and bear regimes, Bitcoin rebounded to $107,000. This move pushed the majority of investors back into profit, with total unrealized gains reaching a staggering $1.2 trillion.”

The dominant market behavior suggests that investors are unlikely to cash out their gains. The report says the current price level appears less attractive for profit-taking than when Bitcoin breached the three-digit mark.

“Despite this surge in profitability, investor behavior signals a strong preference for HODLing, as the current price range appears insufficient to trigger significant profit-taking. This is reflected in declining realized profits, a continued downtrend in Liveliness, and Long-Term Holder supply climbing to a new all-time high.”

Bitcoin’s market capitalization, which takes into account the digital asset’s circulating supply at the current market price, currently sits at $2.13 trillion. BTC’s realized cap, which values each coin at the last transacted price, is pegged at $958 billion.

The flagship crypto asset is trading for $108,834 at time of writing, up by 2.97% over the past 24 hours.

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The analytics platform Glassnode says that Bitcoin’s (BTC) uptrend remains solid as long as one crucial support area holds.

Glassnode says the data visualization tool Cost Basis Distribution (CBD) heatmap shows Bitcoin has strong support at the “structurally important” zone between the $93,000 – $100,000 range.

CBD is an on-chain metric used to show price areas where investors bought their coins and how much they’re holding. Price zones with dense supply clusters could act as support or resistance levels, as they indicate levels where investors tend to accumulate or offload their holdings.

Glassnode says the $93,000 to $100,000 price area is acting as support for BTC and is keeping the crypto king’s bull market structure intact. However, a move below the level could ignite a sell-off event.

“However, a breakdown below could trigger a deeper correction, especially if holders with a cost basis in this zone begin to capitulate and add to the sell pressure.”

For now, Glassnode says that Bitcoin is currently showing “signs of diminishing profitability and sluggish on-chain activity,” signaling that the crypto king is in a consolidation phase as volatility falls and investor engagement weakens.

“Until we see a pickup in profitability and activity metrics, the likelihood of a breakout to new all-time highs remains limited. For now, the market appears to be digesting prior gains, awaiting fresh momentum and an influx of new demand.”

The analytics firm also says that Bitcoin’s push to a new all-time high in May was not accompanied by an increase in BTC spot volume and the volume levels were lower than what was recorded earlier in the current bull market.

Bitcoin is trading at $107,256 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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One Bitcoin (BTC) metric is signaling potential concern for the flagship crypto asset, according to new insight from market intelligence firm Swissblock.

In a post on the social media platform X, Swissblock highlights a sudden plunge in on-chain liquidity, something the firm says needs to reverse if BTC should rally.

“At the same time as the rest of the market has consolidated back into BTC, we have seen a drop off in our on-chain liquidity.

For bullish continuation, we need to see an uptick again in on-chain liquidity.”

On-chain liquidity refers to how easily and efficiently Bitcoin can be bought or sold without significantly impacting BTC’s price. Low liquidity environments suggest that there are not enough buyers to absorb sell orders, triggering price declines.

Swissblock says that the fast drop in liquidity by itself is “a concern” and that BTC is showing a reduction in overall activity in the Bitcoin network.

However, the analytics firm says that BTC’s long-term bullish market structure still looks solid.

“Lower liquidity as price is more correlated with on-chain dynamics vs external factors. Lower activity making price more susceptible to downside volatility..

All is not lost. Even though we have had a liquidity flush, the bullish long-term structure is still intact as long as our Risk off signal is at 0…

While liquidity conditions have deteriorated, the broader bullish structure remains intact – provided risk signals continue to hold.”

At time of writing, BTC is trading at $101,833.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Analytics firm Santiment is highlighting one metric that usually precedes a rally for Bitcoin (BTC) and other crypto assets.

Santiment says the ratio of bullish king crypto sentiment to bearish sentiment from retail traders has reached a two-month low.

A low ratio of the metric is “typically a bullish sign,” according to the analytics firm.

“With crypto in a bit of a lull, traders are showing signs of impatience and bearish sentiment. There are just 1.03 bullish comments for every 1 bearish comment, which hasn’t happened since peak fear, uncertainty and doubt (FUD) during initial tariff reactions on April 6th…

…Markets historically move in the opposite direction of retail’s expectations. A prime example was the optimal buy time during the early April fear from other traders.”

Santiment further says that the Middle East conflict involving Israel and Iran will “likely continue to cause volatile and unpredictable price action” for the crypto market.

“Despite the initial panic, Bitcoin has remained in the $104,000 – $105,000 range, aided by consistent exchange-traded funds (ETF) inflows and a lack of follow-through in military actions, mirroring the typical ‘risk-off, then stabilize’ pattern seen in previous geopolitical crises.”

Bitcoin is trading at $104,431 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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