XRP Exchange reserves have surged by 1.2 billion in just a day, presenting a bearish outlook for the XRP price. This development comes as the token looks to hold above the psychological $3 level. 

XRP Exchange Reserves Increase By 1.2 Billion In Just A Day

A CryptoQuant analysis by CryptoOnchain revealed that XRP Exchange reserves jumped by 1.2 billion in a day across four crypto exchanges, with Binance leading the surge. Bithumb, Bybit, and OKX also experienced a major increase in their reserves, a development which CryptoOnchain noted shifted the volume of XRP’s reserves in an unprecedented manner. 

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Binance saw its reserve holdings increase from around 2.928 billion XRP to 3.538 billion XRP, an increase of over 610 million XRP in a single day. Meanwhile, Bithumb saw its holdings increase from 1.647 billion to 2.519 billion, Bybit’s holdings increased from 188 million to 380 million XRP, and OKX’s XRP reserves jumped from 112,000 to 233 million. 

This development is typically bearish, as an increase in crypto exchanges’ reserves indicates that investors are offloading their coins. This would also explain why XRP has underperformed in recent times and has struggled to hold above the psychological $3 price level. During this period, other altcoins like Solana and BNB have outperformed XRP, reaching new local highs.

Accumulation Rather Than Sell-offs

CryptoOnchain revealed that the increase in XRP Exchange reserves is a case of accumulation rather than the typical sell-offs. The analyst noted that the price chart indicates that this heavy accumulation occurred precisely at the key support level of around $2.73, a level that has previously prevented the altcoin from experiencing massive declines. 

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The analyst then pointed to the RSI and MACD indicators a day after the increase in the XRP Exchange reserves, which shows a decrease in selling pressure on the token.CryptoOnchain explained that this could mean that the heavy buying by exchanges was aimed at accumulation rather than immediate injection into the market. 

CryptoOnchain also noted that the pattern of these large accumulations across the crypto exchanges and at a critical support level could be a sign of institutional coordination or an upcoming event. Notably, the XRP ETFs could launch next month, which would represent a significant development for the XRP price. 

The analyst stated that if the current support holds and buying volumes continue, the XRP price could rally to higher resistances at $3.34 and $3.58. However, CryptoOnchain warned that if the support is broken, selling pressure could turn the increase in XRP Exchange reserves into an opportunity for massive supply. 

At the time of writing, the XRP price is trading at around $3.06, up over 2% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Adobe Stock, chart from Tradingview.com

Cardano’s retail base has flipped bearish after weeks of drawdowns, setting up conditions where whales could step in.

Data from Santiment shows ADA’s bullish-to-bearish commentary ratio slumped to 1.5:1 this week — the lowest in five months. The sentiment dip coincided with a 5% rebound, suggesting traders who sold into frustration may have helped mark a local bottom.

Historically, ADA rallies have tended to begin when retail sentiment is weakest. Santiment flagged a similar setup in mid-August, when a 2:1 ratio aligned with a surge. Conversely, euphoric spikes — like the 12.8:1 ratio earlier this summer — have preceded sharp pullbacks.

Sentiment extremes matter because crypto markets are unusually sensitive to retail psychology. When optimism peaks, the crowd often buys into tops. When pessimism sets in, larger players use the selling pressure to accumulate. That pattern has been visible across multiple assets this year, including bitcoin and XRP.

For Cardano, the shift suggests whales could use current weakness to build positions, especially if retail continues to capitulate.

The crowd-versus-price divergence remains one of crypto’s more reliable short-term trading signals. For now, ADA’s impatient traders may have just handed longer-term investors their entry point.

XRP has been facing a stretch of weakness in recent days, struggling to hold above the $3.00 mark and instead pushing downwards below it. Price action on the 4-hour chart shows the token moving within a downward structure, and it broke below $2.9 in the past 24 hours.

It is within this context that crypto analyst DustyBC Crypto shared a bearish outlook, pointing out that XRP has not yet reached its first downside target and warning that more decline could still unfold before it enters any new uptrend.

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XRP Wave 4 Correction In Progress

According to crypto analyst DustyBC Crypto, XRP’s recent moves are part of a broader corrective structure. In his latest update shared on the social media platform X, he explained that the XRP/USD pair has yet to reach its first bearish target, which he identifies as part of a larger wave 4 correction. 

The analysis is based on the Elliott Wave structure, which is characterized by three bullish and two corrective impulse waves. Notably, the analyst’s Elliott Wave count shows that XRP has been playing out a corrective Wave 4 move since it peaked at a new all-time high price of $3.65 on July 18, a move that ended the Wave 3 impulse.

Based on the Elliott Wave theory, Wave 4 is a brief correction move after Wave 3 just before another bullish Wave 5. Interestingly, the XRP price has declined by about 22.5% since it reached this all-time high. 

DustyBC’s analysis has been following this downtrend move in a series of technical analyses that goes as far back as mid-August. According to DustyBC, XRP’s price is expected to continue dropping before eventually setting up for a bullish wave 5 recovery. The chart shared by the analyst indicates that XRP could continue to decline until it reaches the $2.65 to $2.60 price range before Wave 4 eventually bottoms out.

Long-Term Perspective Is Positive

Despite the bearish short-term forecast, DustyBC noted that the overall outlook for XRP is bullish. He admonished traders not to rush into positions if they are not comfortable with short trades, and long-term holders should instead view the current weakness as discount territory to accumulate more XRP. 

XRP has struggled to maintain upward momentum in the past few days, and this lends voice to the notion of a corrective Wave 4 movement. As shown in the 4-hour chart above, XRP was rejected at the $3 price level some days ago, and this has led to a further decline in the past 48 hours. 

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Nonetheless, the long-term outlook is bullish, and a Wave 5 bounce could lead to a push to new all-time highs above $3.65. The decisive test now lies in whether XRP can hold support around $2.6 if it reaches there before positioning itself for the next wave higher.

At the time of writing, XRP is trading at $2.80, down by 1.4% in the past 24 hours.

Featured image from Unsplash, chart from TradingView

Bitcoin’s price rally has hit turbulence over the past 48 hours, and this has opened the door for bearish voices to resurface. After reaching a fresh high of $124,128 just three days ago, the leading cryptocurrency has since declined by about 4.8%, sliding back to the $117,000 to $118,000 price zone at the time of writing. This pullback has opened up a possibility that the much-anticipated macro top may already be in, and further downside may be possible if there is a lack of bullish momentum.

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Analyst Maps Out Bearish Bitcoin Wave Structure

Bitcoin showed signs of building on in early August after bouncing off a low around $112,000. However, after its latest high at $124,128, sellers quickly stepped in, pulling the price down. The decline has been accompanied by fading short-term momentum. Although it might be too early to conclude, relative strength index (RSI) readings are starting to point to a bearish divergence on the 4-hour candlestick timeframe chart.

Taking to the social media platform X, crypto analyst CasiTrades outlined what they believe could be the start of a larger ABC corrective structure for Bitcoin. According to the projection, Bitcoin may be entering Wave A, which consists of a five-wave corrective structure that could send the price to as low as $77,000 at the macro 0.382 Fibonacci retracement. 

The roadmap of this price crash envisions an initial Wave 1 drop to $112,000, a brief Wave 2 recovery back to $120,000, and then another Wave 3 decline into the $89,000 range. After this, the next step is a Wave 4 retest break of $100,000 before reversing into Wave 5, which brings the ultimate Wave A bottom at $77,000.

Chart Image From X: CasiTrades

The accompanying chart posted by the analyst shows the wave counts with subwave precision. Interestingly, the analyst also pointed out that the ultimate macro target for the end of this correction is at $60,000, right at the golden 0.618 Fibonacci retracement. This is at the macro level and can only come to fruition if the ABC corrective waves play out to completion.

A Bearish Tone Amidst Bullish Predictions

This analysis introduces a sobering counterpoint at a time when many forecasts continue to paint Bitcoin as being on track for $150,000 and beyond. Even though strong institutional inflows and technical milestones, such as the realized price flipping above the 200-day moving average are bullish indicators, the bearish scenario from CasiTrades could still be valid. 

If Bitcoin fails to reclaim bullish momentum, the current correction could change into something deeper, making the $124,000 high not just a pause but the macro top of this cycle.

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Although many cryptocurrencies have largely followed Bitcoin’s movements this cycle, CasiTrade’s analysis isn’t a bearish case for the entire crypto market. According to the analyst, if this bearish case plays out, it could cause the long-discussed capital rotation out of Bitcoin and into large-cap altcoins, some of which may surge to new all-time price highs even as Bitcoin retraces. At the time of writing, Bitcoin was trading at $118,203.

Featured image from Unsplash, chart from TradingView

Ethereum Positive/Negative Sentiment Still At Muted Levels

In a new post on X, analytics firm Santiment has talked about the sentiment around Ethereum that’s present among social media users. The indicator shared by Santiment is the “Positive/Negative Sentiment,” which tells us how the positive and negative comments related to ETH compare against each other on the major social media platforms.

The metric separates between the two types of comments by putting users’ posts/threads/messages through a machine-learning model. Once they have been divided, it counts up the number of each and takes the ratio between them.

Below is the chart shared by the analytics firm that shows the trend in the Ethereum Positive/Negative Sentiment over the last few months:

As displayed in the graph, the Ethereum Positive/Negative Sentiment interestingly witnessed a plunge as the asset’s breakout earlier in the month took place. This would suggest that social media users weren’t convinced by the rally. The continuation in the run since then has meant that the sentiment has improved a bit, but it still remains much lower than the high from last month. Thus, it seems retail is in disbelief, despite the fact that the cryptocurrency is nearing its all-time high (ATH).

If the past is anything to go by, this fact could actually be a positive signal for ETH. “Prices historically movein  the opposite direction of retail traders’ expectations,” says Santiment. The analytics firm has highlighted in the chart some instances of this trend in action. It would appear that FOMO spikes led to price drops for the asset, while excessive FUD resulted in price rises.

“With key stakeholders accumulating loose coins that small ETH traders are willing to part with right now, prices are showing very little sentiment resistance from breaking through and making history in the near future,” explains Santiment.

In some other news, the Ethereum Futures Open Interest has shot up alongside the price surge, as analytics firm Glassnode has pointed out in an X post.

The Futures Open Interest measures, as its name suggests, the total amount of futures-related positions that are currently open on all centralized derivatives exchanges. From the chart, it’s visible that the metric has climbed beyond the $35.5 billion mark, which is a new record.

ETH Price

Following a rally of over 7% in the last 24 hours, Ethereum has reached the $4,730 mark, now sitting within touching distance of the ATH.

Earlier today, Bitcoin (BTC) briefly fell below $115,000 – hitting a low of $114,116 – triggering panic selling across major crypto exchanges, including Binance. Sharp shifts in several key metrics, such as open interest and net taker volume, confirm the intensity of the sell-off.

Bitcoin Decline Wipes Out $500 Million In Open Interest

According to a Quicktake post on CryptoQuant by contributor Amr Taha, BTC’s drop below $115,000 led to a sharp decline in open interest on Binance, which fell from $14 billion to under $13.5 billion.

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The following chart shows Binance open interest declining by nearly 4% in a single day – a move typically associated with liquidation events. Supporting this, data from CoinGlass shows $760 million in liquidations over the past 24 hours.

To explain, such large-scale liquidation events typically occur when leveraged traders face forced position closures – long or short – due to margin calls. The sharp BTC drop resulted in the liquidation of approximately 183,514 traders in just 24 hours.

In addition to falling open interest and widespread long liquidations, Binance’s net taker volume also points to rising bearish sentiment. The metric plunged to -$160 million, underscoring aggressive selling pressure.

For context, Binance net taker volume measures the difference between market buy and sell orders initiated by takers. A positive value suggests dominant buying activity (bullish), while a negative value reflects dominant selling activity (bearish).

Binance net taker volume dropping into negative territory further reinforces bearish pressure on BTC. Since this net selling coincided with the decline in open interest, it indicates that many derivatives traders are panic-closing late long positions.

Will BTC Make Recovery?

Despite the falling price, shrinking open interest, and negative net taker volume, Taha suggests that these bearish indicators could paradoxically set the stage for a short-term rebound.

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Bitcoin’s selling pressure may be nearing exhaustion, while short interest continues to rise. This combination could trigger a market rebalancing phase, potentially paving the way for price stabilization – or even a short squeeze-driven bounce.

However, on-chain data points to continued bearish momentum. The increasing share of new investors among BTC holders may lead to overheated market conditions in the near term. 

At the same time, exchange reserves are rising, which could contribute to more selling pressure. Long-term BTC holders also appear to be selling in significant volumes, suggesting potential rally exhaustion.

That said, BTC could still remain on track for its year-end target of $180,000 – but only if it holds key support at $110,000. At press time, Bitcoin is trading at $115,310, down 2.1% over the past 24 hours.

Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin has broken down from the two-week consolidation range that held the market between $115,724 and $122,077, reaching a new local low near $114,000. The drop confirms a shift in short-term momentum, putting bulls on the defensive. The $117,000 level—previously a key support zone—now serves as the immediate resistance that must be reclaimed to signal a possible reversal.

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The breakdown comes at a critical time, as sentiment across the market begins to shift. According to fresh data from CryptoQuant, futures sentiment turned bearish today, falling sharply before bouncing back slightly to 48%. While still close to neutral, any reading below 50% signals bearish dominance in positioning. This adds pressure to an already fragile technical structure and suggests traders are bracing for more downside.

Unless bulls can recover $117K quickly and close with strength, Bitcoin risks entering a deeper correction phase. With long-term support levels still intact, the broader bull trend remains in place—but this breakdown marks the first significant loss of momentum in weeks. The coming sessions will be critical in determining whether this is just a shakeout or the start of a larger trend reversal.

Bitcoin Advanced Sentiment Index Signals Rising Bearish Pressure

Top analyst Axel Adler has shared new insights into the Bitcoin Advanced Sentiment Index, a key metric used to gauge futures market positioning and broader investor mood. According to Adler, the index recently dropped to 40%—a sharp decline that reflected growing risk aversion and bearish positioning. Although the metric has since rebounded to 48%, it remains below the critical 50% threshold, which separates bullish from bearish territory.

This rebound signals a temporary pause in negative sentiment, but the broader trend shows a shift from bullish caution to bearish fear. Adler notes that as long as the index remains below 50%, the market lacks the confidence needed to sustain upward momentum. Traders are growing increasingly defensive, reducing long exposure and bracing for further downside.

If momentum continues to deteriorate, BTC could test the $112,000 level—the previous all-time high set in May. This zone may act as psychological and technical support, but failure to hold it could trigger a deeper correction.

With the Advanced Sentiment Index stuck in bearish territory and price action weakening, the market appears to be entering a riskier phase. While this doesn’t yet signal a full trend reversal, it does reflect growing uncertainty. Until sentiment and price reclaim higher ground, caution is warranted. The next move will likely depend on whether bulls can defend $112K—or if bears gain full control of the trend.

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BTC Loses Key Support After Breakdown

Bitcoin has officially broken down from its two-week consolidation range, losing the critical $115,724 support level highlighted in the chart. The price reached a new local low at $114,116 before recovering slightly to the $115,100 zone, where it’s currently attempting to find footing. This marks a significant shift in momentum, as bulls failed to defend the lower boundary of the range, which held firm throughout July.

The 12-hour chart shows rising volume accompanying this breakdown, adding weight to the bearish move. BTC now trades below the 50-day SMA ($116,981), confirming weakness in short-term structure. The next major support sits around $112,000—the prior all-time high set in May—which could act as a psychological and technical floor.

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The 100-day and 200-day SMAs remain well below current price action, suggesting that the macro trend is still intact. However, immediate momentum has clearly shifted, and bulls must reclaim the $117,000 area quickly to invalidate this breakdown.

Featured image from Dall-E, chart from TradingView

Financial services titan JPMorgan Chase is suddenly turning bearish on the stocks of popular tech and restaurant companies as the S&P 500 hits record highs.

JPMorgan analysts say several big-named stocks appear overvalued and may be smart shorting plays for investors, reports Barron’s.

JPMorgan analyst Ryan Brinkman says Tesla (TSLA) currently has a “sky-high valuation” and expects earnings to plummet after President Trump reduced government subsidies for electric vehicle (EV) purchases. Brinkman also predicts that Tesla’s robo-taxi initiative is “likely to disappoint.”

He is also bearish on Tesla’s rival Rivian Automotive (RIVN). According to Brinkman, the firm’s efforts to improve its balance sheet “will likely [be] hampered by reduced EV subsidies and tariffs.”

Next up, JPMorgan analyst Kenneth Worthington says Circle Internet Group (CRCL), the stablecoin issuer, is due for a correction.

“Circle is a market leader in stablecoins with amazing technology, we view competition emerging and its current valuation as excessive.”

Moving on to the social media sector, JPMorgan analyst Doug Anmuth says Snapchat (SNAP) faces continual hurdles, including big brand advertisers’ “volatile” spending as well as the firm’s “poor track record on execution.”

Bumble (BMBL) is also earning a bearish outlook as JPMorgan analyst Cory Carpenter says the dating app stock faces a “structurally challenged” online dating sector, and the firm “is early in its turnaround effort.”

Other stocks JPMorgan analysts say are among the best candidates for investors to look for corrections include the restaurant chain Cheesecake Factory (CAKE), chipmaker Intel (INTC) and fast-food chain Shake Shack (SHAK).

As of Monday’s close, the S&P 500 is trading at record highs at 6,286 points.

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The relentless influx into US spots suddenly stopped Bitcoin ETF amid a new, new bearish momentum and political headwinds. On July 1, 2025, the 12 US list spot Bitcoin ETFs recorded a net leak of $342.25 million. This marks the end of a robust 15ßdaz run that has been poured into US spot Bitcoin ETFs since mid-June.

Fidelity’s FBTC saw its biggest withdrawal with a $172.73 million outflow, while Grayscale’s GBTC received a $119.51 million redemption.

ARKB of ARK21Shares recorded a $27 million outflow. Bitwise’s BITB has registered a $22.98 million redemption.

Bitcoin ETF Flow

GBTC $119.5M Outflow

The largest GBTC leak since January 7th, 2025 https://t.co/04s8jmgspf pic.twitter.com/3bc9kbnknb

– Farside Investor (@farsideuk) July 1, 2025

This was a rather late quarter for Bitcoin. But, in contrast, ETH-focused funds collectively withdraw $40.68 million in net inflows.

Discovered: 20+ Next Cryptocurrency Exploding in 2025

The impact of Trump’s “big beautiful bill”

BTC -0.75% is hovering at nearly $107,000 and is not on the verge of knockout.

However, the sharp reversal of Bitcoin ETF flow coincided with the passage of the so-called “big beautiful bill” by the US Senate. This is a $3.3 trillion spending package passed with a thin margin of 51-50 on a razor. Unsurprisingly, Vice President JD Vance voted for a tiebreak. However, the bill specifically excluded provisions relating to Bitcoin, crypto mining or staking.

The omission has disappointed many people in the crypto industry.

Exploration: Big Beautiful Bills of Trump Bitcoin Waiver: Best Meme Coins to Buy?

Crypto ETFS Guidance: What SEC currently needs from its publishers

The US Securities and Exchange Commission has arrived I was given Crypto ETF publisher something They are Has been I’m looking for it: Transparency. July 1st, 2025, Seconds The Corporation Finance department has removed a detailed guide outlining what applicants should include in their filing if they wish to receive shots to obtain approval for cryptocurrency ETFs. Crypto ETF guidance arises when interest in Ethereum-based products continues to increase.

the It’s not an accurate, light read the A serious step for companies hoping to launch funds related to digital assets such as Ethereum and Token Basket. Rather than continuing to guess the issuer, the SEC has detained from assessment, Who is it? Check maths behind the scenes.

Exploration: Crypto ETF Guidance: What the SEC currently needs of its publisher

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