Daily Candle Signals Bearish Pressure For Bitcoin

Cryptowzrd expanded on his outlook by pointing out that Bitcoin’s daily candle closed bearish, with price now trading beneath the $110,500 support zone. This breakdown is significant and could invite further selling pressure in the sessions ahead if buyers fail to reclaim the level.

He emphasized that holding below this support opens the door for a potential move toward the $100,000 mark. However, a strong bullish candle and a swift recovery could invalidate the bearish setup, restoring confidence for buyers.

In the analysis, he also highlighted the performance of Bitcoin Dominance (BTC.D), which closed indecisively while displaying weakness. This weakness in dominance is often viewed as a positive signal for altcoins, as it suggests capital is flowing away from Bitcoin and into alternative assets.

Such a shift in market dominance reflects growing market confidence in altcoins. When Bitcoin dominance stalls or declines, it tends to fuel altcoin rallies, allowing traders to diversify into promising setups across the market.

Finally, he noted that markets are heading into the monthly transition period, a time often associated with increased volatility and mixed sentiment. Going into the weekend, he emphasized the importance of staying rational and avoiding overextending in either direction, maintaining measured strategies while waiting for clearer confirmation signals.

BTC Volatility Dominates Intraday Trading

Cryptowzrd highlighted that today’s intraday chart displayed sharp volatility with a clear bearish tone, as Bitcoin slipped and is currently holding below the $110,400 intraday support. This level has now become critical, as losing it signals weakening buyer strength and raises the risk of further downside pressure. 

He explained that if Bitcoin retests $110,400 and fails to reclaim it, the level could flip into resistance. Such a scenario would likely trigger a short setup, with price action targeting the $105,500 support area or even extending lower if bearish momentum accelerates. This makes the $110,400 region a decisive battleground for traders closely watching intraday setups.

On the other hand, Cryptowzrd pointed out that a strong reclaim and hold above $110,400 could shift momentum back in favor of the bulls, opening the door for further upside pressure. However, the crypto analyst emphasized that the market currently lacks clarity, and traders should exercise caution before rushing in.

Bitcoin is trading at a pivotal level after losing momentum from the $120,000 zone and slipping into deeper volatility. The price is now testing the $112,000 support level, a key zone for bulls to defend in order to avoid further bearish pressure. While the broader trend remains constructive in the long term, the short-term outlook has tilted toward weakness, with momentum indicators showing a leaning toward the downside.

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Analysts highlight this moment as a potential inflection point for the market. A strong defense of current levels could reset sentiment and allow Bitcoin to consolidate before another breakout attempt. However, failure to hold above $112K may trigger a sharper correction, opening the path toward deeper support levels.

Adding to the cautious tone, CryptoQuant’s head of research, Julio Moreno, shared new data showing that the CryptoQuant Bull Score Index has shifted into a neutral signal. This shift highlights that while selling pressure hasn’t fully taken over, the market is no longer in clear bullish territory. The coming days will be decisive in determining Bitcoin’s short-term trajectory.

Bitcoin Indicator Signals Caution

According to CryptoQuant’s head of research, Julio Moreno, Bitcoin’s Bull Score Index has shifted from a “Bullish Cooldown” phase to a “Neutral” phase. The index, which tracks overall market strength using a combination of trading flows, investor behavior, and derivatives data, declined from 70 to 50. This move signals that bullish momentum has weakened, leaving Bitcoin in a more balanced state between buyers and sellers.

Moreno noted that “for risk management purposes, further softening in the index indicates price could go lower.” This means that while the neutral zone doesn’t yet imply a confirmed downtrend, any additional deterioration could increase the probability of deeper corrections. Traders are therefore closely watching upcoming sessions, as price action around the $112K–$115K support zone will be critical in shaping short-term direction.

The broader context remains constructive. Bitcoin has been in a steady uptrend since 2023, a cycle that has already delivered massive gains and propelled the asset to new all-time highs above $124K earlier this month. Many analysts argue that the market is now in the final phase of this bull run, where volatility typically rises and investor sentiment becomes divided between expectations of continuation and warnings of exhaustion.

As the month comes to an end, global macroeconomic factors—including interest rate policies, institutional inflows, and liquidity conditions—will play a decisive role. If Bitcoin holds its support and fundamentals remain strong, this neutral phase may simply represent a healthy pause before the next upward move. Conversely, if weakness persists, the market could be signaling the start of a deeper consolidation phase.

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Price Action: Testing critical Support Level

Bitcoin is currently trading around $112,837, after a sharp decline from its all-time high near $123,217. The daily chart shows that BTC has slipped below the 50-day SMA ($116,158) and is now testing the 100-day SMA ($111,224) as support. This level has become a crucial line of defense for bulls.

The rejection from the $123K region highlights strong resistance overhead, which has led to several failed breakout attempts. The structure suggests that BTC has entered a consolidation phase, with the $111K–$116K zone serving as the immediate range. A decisive breakdown below $111K could open the way toward the 200-day SMA ($100,597), a level many analysts see as the final support for this cycle’s uptrend.

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Momentum indicators also align with weakening bullish pressure, as recent candles show lower highs and lower lows. However, holding above the 100-day moving average would strengthen the bull case, potentially setting up a rebound toward $118K and eventually retesting $123K.

Featured image from Dall-E, chart from TradingView

Wall Street giant Citigroup is weighing plans to offer cryptocurrency custody and payment services, aiming to capitalize on a market bolstered by Trump-era regulatory approvals and pro-industry legislation.

Biswarup Chatterjee, a Citigroup executive, told Reuters that the bank’s initial focus would likely be custody services for “high-quality assets backing stablecoins.”

Chatterjee works within Citigroup’s services division, which manages treasury, payments, cash management and other enterprise solutions for large corporations.

The bank is also exploring custody offerings for crypto-linked exchange-traded products, which could include Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETFs).

“There needs to be custody of the equivalent amount of digital currency to support these ETFs,” Chatterjee said. 

Bitcoin ETFs have surged in popularity since their debut in early 2024. According to Bitbo, the 12 US spot Bitcoin ETF issuers now hold nearly 1.3 million BTC — about 6.2% of the total circulating supply.

BlackRock’s iShares Bitcoin Trust (IBIT) is the largest, with an estimated market value of around $88 billion.

After a slow start, Ether ETFs have seen a surge of inflows, with BlackRock’s Ethereum fund becoming the third-fastest in history to reach $10 billion in assets.

Related: SEC approves in-kind creations and redemptions for crypto ETPs

Custody, payments wouldn’t be Citi’s first move into crypto

Citigroup’s exploration of custody and payment services wouldn’t mark its first foray into the cryptocurrency market.

Earlier this year, the bank partnered with Switzerland’s SIX Digital Exchange to leverage blockchain technology to improve private markets through tokenization. 

Citi has been eyeing tokenization since at least 2023, when it described the technology as the next “killer use case” in crypto — estimating it could reach a $5 trillion market valuation by 2030.

Citi was also reportedly among several Wall Street giants, including JPMorgan, Wells Fargo and Bank of America, exploring the possibility of issuing a joint stablecoin.

A recent report by Ripple, CB Insights and the UK Centre for Blockchain Technologies ranked Citigroup among the most active institutional investors in blockchain companies, with 18 deals between 2020 and 2024.

Traditional financial institutions have been buoyed by Trump-era efforts to provide regulatory clarity for the crypto sector — initiatives that have extended to the US Securities and Exchange Commission and the recent passage of the US GENIUS Act, a key stablecoin law.

In July, the House of Representatives passed the CLARITY market structure bill, the Anti-CBDC Surveillance State Act and the GENIUS Act.

Related: Crypto Biz: Wall Street giants bet on stablecoins

]]> https://earlybirdsinvest.com/citigroup-weighs-crypto-custody-as-etfs-stablecoins-gain-momentum/feed/ 0 53229 https://earlybirdsinvest.com/solana-soars-past-200-as-institutional-confidence-boosts-crypto-momentum/ https://earlybirdsinvest.com/solana-soars-past-200-as-institutional-confidence-boosts-crypto-momentum/#respond Wed, 13 Aug 2025 13:28:47 +0000 https://earlybirdsinvest.com/solana-soars-past-200-as-institutional-confidence-boosts-crypto-momentum/

Solana (SOL) has reclaimed the $200 mark after falling to around $155 in late July, following the renewed interest in the market amid the ongoing altcoin season rally.

According to CryptoSlate’s data, the digital asset rose by more than 14% in the last 24 hours from $175 to as high as $202 as of press time.

The rally pushed the network’s market capitalization above $100 billion, signalling the renewed investor confidence the digital asset had drawn.

Market sentiments around Solana remain largely bullish, with crypto bettors on Polymarket expecting further price increases.

According to the platform’s data, around 84% of participants expect SOL to hit $210, while 43% believe the token could set a new all-time high before the end of 2025.

DeFi TVL rises

Meanwhile, Solana’s decentralized finance ecosystem is also experiencing significant growth.

Data from DeFiLlama shows that total value locked (TVL) in SOL terms hit more than 58 million tokens this week, marking the highest level in over three years.

Moreover, the dollar value of assets locked on the network has exceeded $11 billion for the second time this year, a milestone last reached in January.

At the same time, Solana’s decentralized exchange (DEX) activity has also maintained its lead over Ethereum for ten consecutive months.

Solana treasury companies

In addition to the current market trends, institutional activity appears to be supporting Solana’s gains.

As of the end of July, CoinGecko reported that Upexi, Inc. has emerged as the largest publicly traded holder of Solana, with 1.9 million SOL acquired at an average price of $168.63. These holdings are currently valued at $319.5 million.

Close behind is DeFi Developments Corp, which owns 1.18 million SOL purchased at an average of $137.07, now worth $198.9 million. This reflects an unrealized profit of approximately $36.8 million.

In addition, Toronto-based SOL Strategies holds 392,667 SOL, bought at an average of $158.12, representing an unrealized gain of about $3.9 million. Torrent Capital, while maintaining a smaller position of 40,039 SOL acquired at $161.84, is also in profit by roughly $200,000.

In total, these four firms collectively control over 3.5 million SOL, with a combined market value exceeding $591 million.

This represents about 0.65% of the circulating supply, underlining the growing appetite among publicly listed companies for Solana exposure and highlighting increasing institutional confidence in the asset’s long-term potential.

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Futures-based exchange-traded funds tied to Solana and XRP have accumulated almost $3 billion in assets under management amid market anticipation for potential spot ETF approvals.

The momentum has been fueled by new leveraged products, a surge in derivatives positioning, and demand for yield-oriented structures.

In early 2025, a leak indicating the CME Group was preparing to list futures contracts for Solana and XRP prompted immediate price gains of about 3%. That development set the stage for institutional product launches built on regulated derivatives markets.

By mid-May, open interest in XRP futures jumped by roughly $1 billion in a week, moving from $2.4 billion to $3.4 billion, and a price move from around $2.10 to $2.45. This surge came as market participants positioned ahead of speculation that the U.S. Securities and Exchange Commission could consider a spot XRP ETF by midyear.

In July, ProShares launched leveraged futures ETFs for both assets after receiving NYSE Arca approval. The Ultra Solana ETF (SLON) and Ultra XRP ETF (UXRP) each target twice the daily performance of their respective CME-regulated futures, without holding the underlying tokens. These launches added to an expanding lineup of altcoin-linked ETFs that have attracted capital in a market still dominated by Bitcoin and Ethereum funds.

A parallel development came with the debut of the REX-Osprey Solana Staking ETF (SSK) in early July. The product recorded $33 million in first-day trading volume and $12 million in inflows, far exceeding the initial volumes of several futures-based products. Structured as a spot-based vehicle that integrates staking rewards, the ETF offers yield-bearing exposure, drawing interest from investors seeking income-generating strategies in the digital asset space.

ETF data shows that in the first week of July, Solana-linked ETFs saw $20 million in inflows and XRP ETFs added $10 million, contributing to a record $189 billion in total crypto ETF assets under management. XRP futures-based funds have grown rapidly in this environment.

While futures-based ETFs differ from spot products in structure and exposure, their asset growth and trading activity demonstrate market depth and liquidity in these altcoins.

Historically, the establishment of a liquid futures market has been viewed as a step that can precede spot ETF approval, offering regulators a track record of pricing transparency and risk management. At the same time, leveraged and futures strategies carry risks such as daily compounding effects and contract roll costs, which can amplify volatility and diverge from spot market performance.

The convergence of heightened futures activity, substantial ETF inflows, and innovative yield-focused structures has put Solana and XRP into a more prominent position in regulated investment markets.

For now, the $3 billion threshold in futures-based ETF assets reflects the scale of capital allocation underway in anticipation of potential changes in the regulatory landscape.

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• Robinhood has listed Floki Inu and Ondo Finance tokens.
• The move grants the duo exposure to Robinhood’s massive 25M user base,
• FLOKI sheds its meme status, while Ondo fuels the RWA narrative.

Digital tokens have staged recoveries on Thursday as the global crypto market cap increased by over 3% in the past day to $3.83 trillion.

While Ethereum’s jump past $3,850 has renewed the ‘altseason’ narrative, commission-free trading site Robinhood has boosted FLOKI and ONDO’s momentum with today’s listing.

$FLOKI and $ONDO are now available to trade on Robinhood. pic.twitter.com/RxZlKtaCOS

— Robinhood (@RobinhoodApp) August 7, 2025

The leading trading platform in the United States has officially listed FLOKI and ONDO.

Meanwhile, this is beyond a listing. It is a key step toward crypto mainstream adoption.

The listing will open Floki Inu and Ondo to Robinhood’s over 25 million users.

Furthermore, crypto-curious investors can explore the meme and RWA assets on a regulated platform.

The listing news extended the altcoins’ 24-hour gains to nearly 10% amid renewed retailer appetite.

Floki continues to shed its meme status

Floki Inu has witnessed a conventional journey in the crypto world.

While initially criticized as another meme asset relying on hype, the team has quietly built a robust ecosystem.

The project now boasts a vivid metaverse gaming world, Valhalla.

Also, it launched the FlokiFi Locker LP token to amplify DeFi security.

Moreover, crypto enthusiasts can tap into the University of Floki to learn about the blockchain industry.

Licensed trading platforms are now recognizing the developers’ efforts.

Commenting on Robinhood support, the team stated:

Floki has gone from a meme to a movement, and now it’s sitting alongside the most recognizable assets in crypto and finance, easily accessible to the next wave of everyday investors.

$FLOKI is Now Listed on the Robinhood App

This marks a huge step forward for Floki, unlocking access to 25+ million users on the most influential retail trading platform in the world.

Floki has gone from a meme to a movement, and now it’s sitting alongside the most recognizable… https://t.co/iAdne5mgZe pic.twitter.com/5ka7ZHMTWi

— FLOKI (@FLOKI) August 7, 2025

The listing places Floki in a massive investor pool, while enriching its legitimacy.

Robinhood App users can now access the meme token alongside established assets, including Ethereum, Bitcoin, and HBAR.

Ondo: the RWA driver

Ondo Finance has dominated crypto trends in the past months, attracting users due to its unique approach, prioritizing institutional-level finance.

It aims to bring real-world assets like US Treasuries, property, and bonds on-chain.

Ondo is bringing global markets onchain.

Flipping the switch to a more open, modern financial system. pic.twitter.com/vvdZjtSpvh

— Ondo Finance (@OndoFinance) August 7, 2025

Ondo boasts a lucrative product lineup.

The OUSG exposes investors to short-term US government bonds.

Further, it hosts asset-backed tokens like ENA for on-chain yield hunters.

Moreover, the project has entered strategic collaborations with traditional giants like BlackRock, MasterCard, and Goldman Sachs.

Indeed, RWA tokenization is becoming a hot narrative in the blockchain space.

Institutions seeking to join the craze are looking for secure and regulated channels, and Ondo remains at the forefront of this momentum.

FLOKI and ONDO price actions

The altcoins exhibited bullish trajectories, fueled by the ongoing crypto market rebound and Robinhood listing.

Floki Inu hovers at $0.0001117 after an over 8% increase on the daily chart.

ONDO surged 7.7% in the past 24 hours to trade at $0.9820.

However, the weak trading volumes signal short-lived gains, unless accompanied by a continued broad market recovery.

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Ethereum (ETH) is back in the spotlight as bullish momentum pushes the world’s second-largest cryptocurrency toward new yearly highs. But while retail investors cheer the price recovery above $3,400, Ethereum (ETH) whales are taking a different approach: they’re diversifying into early-stage tokens with exponential upside. One name dominates their radar – Pepe Dollar (PEPD), the crypto presale to watch in 2025.

Pepe Dollar (PEPD) Catches Whale Attention amid Ethereum (ETH) Surge

Ethereum (ETH) has benefited from strong ETF inflows, growing institutional interest, and macro tailwinds. With some analysts predicting a rally toward $4,800 or higher by the end of 2025, ETH is once again being positioned as the backbone of the next bull run. But despite its strength, Ethereum (ETH) is a $400 billion asset – meaning its upside is limited compared to smaller tokens.

That’s why Ethereum (ETH) whales are betting big on Pepe Dollar (PEPD), a meme-powered Layer-2 presale token offering deflationary tokenomics and real utility in the digital finance and entertainment space. At under $0.005 per token in its current presale stage, Pepe Dollar (PEPD) presents the kind of asymmetric opportunity ETH whales used to enjoy years ago – high upside, minimal early valuation, and network-driven virality.

Why Ethereum (ETH) Whales Are Targeting Early PEPD Gains

Ethereum (ETH) whales know how cycles work. After ETH gains, capital typically rotates into more speculative, high-beta assets. But in 2025, instead of chasing random meme coins, whales are pre-positioning into presales like Pepe Dollar (PEPD) that blend community appeal with actual use cases. Unlike traditional meme tokens, Pepe Dollar (PEPD) is being built as part of a broader MemeFi ecosystem, where tokens serve as payment tools, gaming assets, and staking instruments.

Pepe Dollar (PEPD)’s early-stage pricing and capped supply create an environment for exponential returns – something Ethereum (ETH) simply can’t offer in its current cycle. With the launch price of Pepe Dollar (PEPD) set nearly 7x higher than its current presale level, Ethereum (ETH) whales see a direct, short-term opportunity to multiply their holdings – without waiting for broader market confirmation.

PEPD Momentum Aligns with Ethereum’s (ETH) Macro Strength

Pepe Dollar (PEPD) isn’t just riding the coattails of Ethereum (ETH) – it’s also gaining independent momentum as investors look for alternatives that still connect to the ETH ecosystem. Since Pepe Dollar (PEPD)’s infrastructure benefits from Ethereum’s dominance in DeFi, security, and liquidity, whales consider it a safe satellite play. They can remain within Ethereum’s orbit while capturing early presale upside that ETH can no longer provide.

As Ethereum (ETH) continues attracting large institutions and ETF capital, its blockchain becomes an even stronger launchpad for tokens like Pepe Dollar (PEPD). And while ETH is moving in 10–15% waves, Pepe Dollar (PEPD) has the potential for 500%+ moves before it even hits a centralized exchange.

Ethereum (ETH) Leads the Rally, But PEPD Leads the ROI

Ethereum (ETH) has firmly reestablished itself as the market’s Layer-1 king. But in terms of ROI potential, it’s Pepe Dollar (PEPD) that’s stealing the spotlight. The token has already passed the halfway point in its first presale stage, with thousands of wallets participating – including large Ethereum (ETH) holders looking to repeat their early ETH success story.

As Pepe Dollar (PEPD’s) deflationary model and MemeFi roadmap continue gaining traction, its status as the strongest crypto presale of the year is becoming more than just marketing – it’s a reflection of real capital rotation.

Conclusion

Ethereum (ETH) may lead the next wave of crypto adoption, but for whales looking to amplify returns, Pepe Dollar (PEPD) offers the rare mix of timing, tokenomics, and trend alignment. While ETH charts a path to all-time highs, the smart money is already securing early entries into PEPD – the presale token poised to turn Ethereum (ETH) gains into generational wealth.

According to market analytics firm SwissBlock, Bitcoin’s latest push to $120,000 has now fallen into a stall-out similar to a “failed breakout zone.” In a thread on July 31, the company said “the momentum didn’t ignite,” claiming that the overwhelming share of the coin sitting in the commercial flow that was realized and profits has been transformed into an opportunity to meet prices.

Earn profits and the Bitcoin Rally will be cooled

SwissBlock assembled the set fold as a pause rather than a breakdown. “Profit acquisitions are on the rise, but not as intense as the second half of 2024,” the company wrote, adding that the effect through July is “sufficient to cause rise and consolidation.” The tone is cooled and not yielding. “We see sales pressure, but not extreme. Think cooling, not yield.” That diagnosis rests on on-chain measurements of realized profits. This is an input that tends to expand into rallies as years of coins are spent powerfully, and a market structure in which bids absorb supply rather than overwhelmed.

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The most impressive data point in a thread is its breadth of profitability. “96% of the supply is profit,” SwissBlock points out, and GlassNode says. The ratio historically coincides with the happiness of the later cycle, but is mechanically self-limiting. With almost all holders on the green, potential sales pressure rises as “unrealized profits are captivating sellers.” As SwissBlock said, “The strong holders remain. But unrealized profits will attract sellers. Each bounce will bring about supply until demand returns.” The company claims the broader trend is “until it is, but the momentum needs to be reset.”

Beyond the realised flows on-chain, the company’s composite foundation reads neutrality with improved liquidity. “The BTC foundations are strong and stable,” writes SwissBlock, pointing out that a 60 (neutral) Bitcoin Basic Index reads, “network growth is cooled,” and “liquidity is recovering.” That mix usually supports a range of behavior, as the Post said, “environment that supports integration” (Bitcoin can be “long-splitting to the side”) over a surge in directionality. The meaning is that the market’s “breakout failure” risk reflects timing rather than trend reversal. For a continuous continuity, positioning and liquidity are still not aligned.

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The cross-asset context is equally subtle. “Altsesason is active, but under stress,” writes Swissblock, saying, “$ETH continues to structurally outperform BTC and holds this pullback better.” Its thin spinning highlights the selectivity of risk appetite and the vulnerability of momentum other than the biggest name. Historically, that pattern often precedes the decisive movement of Bitcoin that recharges or destroys spins.

The assessment of SwissBlock’s conclusions is carefully and constructively leaning. “Between profits is declining and sales pressure is being absorbed. BTC is preparing for a breakout, but we need to match momentum.” The company is hoping for a grind until that consistency arrives. Bidding continues to meet supply from profitable owners, easing profits and increasing liquidity in the background. If Bitcoin returns momentum to positive, the Swiss block claims that spillover could be powerful.

In short, today’s $115,000 drop appears to be a more utter rejection than a test of the market’s ability to consume profits and reset momentum without damaging the underlying uptrend. With 96% of supply being compressed in profits and widths, the next impulse may depend on whether liquidity and demand can be re-registered before making profits. For now, the SwissBlock message is clear. You need to get a breakout, but it’s not expected.

At the time of pressing, BTC traded for $115,452.

Featured images created with dall.e, charts on tradingview.com