05 September Chart Decoder Series: Average True Range – Volatility Tools to Help You Select Your Target and Get Profit

Welcome to Chart decoder seriesconvert professional trading tools into strategies you can use today.

So far, we’ve been working on:

Today we explore ATR (average true range). This is an indicator that solves one of the biggest puzzles in a transaction. What risk is there and where should the stops be placed?

What ATR really says to you

The ATR was developed by J. Welles Wilder Jr. in 1978 as part of a groundbreaking work on technical analysis. Unlike most metrics focusing on price direction, ATR measures only one thing. It’s volatility.

The ATR answers an important question: “How long does this market normally move?”

Calculation: The ATR examines the “true range” of each period. This is the largest.

1. Current high – Low current
2. |Current High – Previous Closed|
3. |Current Low – Previous Closed|

Next, move the average of these true range values ​​over the selected period (14 is the standard for Bitfinex, but you can adjust it to any time you like)

Absolute values ​​ensure that the ATR always shows a positive number, regardless of whether the gap is up or down.

Why is ATR important:

ATR is beyond context. It forms the way traders manage risk, size locations and set exits. Rather than relying solely on intestinal sensation, it provides an objective measure of market behavior that directly informs all transactional decisions.

1. Smarter stop loss

Placement of stops without an ATR is basically guesswork. The ATR indicates what is considered “normal” movement and cannot be thrown away in your daily swing.

• Scalping Stop (0.5 x ATR): Used by high frequency traders who want a quick ex with the first sign of trouble. Effective only during low volatility periods where market movements are predictable
• Standard stop (1 x ATR): Provides ample space for normal price fluctuations while maintaining reasonable risk management
• Stop position (2xATR): For traders who hold a position for several days that needs to survive the normal daily volatility cycle without a premature exit

2. Size your position appropriately

Professional risk management is the maintenance of consistent risk exposure regardless of market conditions. Instead of trading the same size in all conditions, adapt smaller positions when the volatility is high, and adapt larger positions when it’s mild.

3. Volatility breakout spots

Breakouts with expanded ATRs demonstrate institutional participation and true directional beliefs. If price breaks a critical level but the ATR remains flat, it often indicates weak follow-through and a high probability of inversion. The most powerful setup occurs when the price breaks a critical level with an ATR expansion, checking both direction and momentum.

4. Set profit targets

ATR multiple provides a reasonable framework for setting realistic profit targets and helps you move away from guessing towards consistency.

• Conservatives: 1.5 x ATR
• Standard: 2 x ATR
• Aggressive: 3xATR

Actual example: BTC/USD analysis

price: $110,500
ATR (14): 3,033

This tells us:

Bitcoin’s recent average daily exercise is about $3,033. This gives traders a clear context.

• The $3,000 move is no exception. Matches 1xATR
• Approx. 3,000 (1 x ATR) stops losses about normal breathing patio
• A profit target of $4,500-6,000 (1.5-2xATR) is realistic for swing trading
• ATR at this level shows a moderately volatile market that requires careful position sizing and risk management.

ATR + Other Indicators:

When combined with other tools, the ATR becomes even more powerful.

ATR + Bollinger Band: This move is more certain when you hit the extreme Bollinger band with a high-priced ATR. A low ATR in the band may suggest that extremes are not retained.

ATR + RSI: Excessive conditions for RSI with elevated ATR often mark important bases. High volatility shows true sales pressure, and it sells too much and makes the reading more meaningful.

ATR + MACD: MACD crossovers with an ATR expansion are more reliable than those contracted by ATR. Volatility confirms that there is a conviction for a change in momentum.

ATR + Volume + obv: Triple combination: obv points to the direction of smart marten, volume points to immediate conviction, and ATR shows how much to expect. If there is all alignment, there is a high paraability setup.

Bonus Read: ATR + RSI Behavior

price: $110,600
ATR (14): 3,033
RSI (14): 39.12 (nearly excessive)

This tells us:

• The RSI of 39 is below neutral (50), but has surpassed the 30 overselling threshold, still showing bearish momentum rather than extreme.
• ATR of 3,033 indicates an increase in daily volatility. This means that the swing is big.

For traders:

• Bearish rsi + high atr = Sales pressure is active and backed by volatility.
• If RSI approaches 30 while the ATR is high, the market is not just going down, but is being sold by force. Overselling conditions will carry more weight.
• If the RSI begins to climb while the ATR remains high, the bounce may have some strength behind it rather than simply a weak recovery.

ATR limitations to remember:

Delay indicator
The ATR is based on past price transfers. It tells us what volatility is, not necessarily what it is.

There is no direction bias
ATRs don’t tell you what direction the market will move. It’s just a typical amount of movement.

Smoothed data
Like all moving averages, ATRs can be slower to respond to sudden changes in volatility.

Market context is important
ATRs in trending markets behave differently than horizontal markets. Always consider the larger picture.

Pro tips for ATR:

1. Use multiple time frames

• Daily ATR: For swing trading and position sizing
• 4-hour ATR: For day trading setup
• 1 hour ATR: For accurate input timing

2. Economic calendar integration

ATRs often spike major news events. Plan position sizing and stop placement accordingly.

3. Weekend benefits

Crypto Markets is open 24/7, but volatility patterns often change over the weekend. Consider individual ATR calculations for weekday and weekends.

Try it with Bitfinex:

1. Log in to Bitfinex
2. Choose your main trading pair
3. Add an ATR indicator (starts with the standard 14 periods. The length can be adjusted within the ATR settings)
4. Observe how ATR changes in different market conditions
5. Practice using ATR for stop loss placement
6. Note the correlation between ATR and key price movements

Bitfinex. Original Bitcoin exchange.

]]> https://earlybirdsinvest.com/chart-decoder-series-average-true-range-volatility-tools-to-help-you-select-your-target-and-get-profit/feed/ 0 57289 https://earlybirdsinvest.com/bitcoin-sopr-shows-consistent-profit-realization-despite-price-pullback/ https://earlybirdsinvest.com/bitcoin-sopr-shows-consistent-profit-realization-despite-price-pullback/#respond Thu, 21 Aug 2025 01:44:14 +0000 https://earlybirdsinvest.com/bitcoin-sopr-shows-consistent-profit-realization-despite-price-pullback/ Bitcoin is trading just above $113,000, with realized cap rising steadily and spending activity led overwhelmingly by coins younger than three months. Profit realization remains positive, short-term holders hover around breakeven, and older supply shows little sign of distribution.

Bitcoin closed Aug. 20 at $113,599, marking a 7.9% drop in the past week, a 3.3% decline over 30 days, but still a 1.7% gain across 90 days. Spot turnover has cooled: notional volume averaged $2.68 billion per day over the past week, below the 30-day average of $2.88 billion. The moderation in activity follows weaker weekly performance but doesn’t necessarily reflect panic selling, as on-chain flows suggest orderly profit realization rather than stress.

The realized cap, a measure of the aggregate cost basis of all coins in circulation, stands at $1.04 trillion. Over the last seven days, it added $8.98 billion; across the past 30 days, it rose by $34.85 billion. These gains line up almost exactly with net realized profit and loss.

NRPL shows a seven-day sum of $8.59 billion and a 30-day sum of $33.25 billion. The small residual gaps ($0.39 billion over 7 days and $1.60 billion over 30 days) match the dollar value of new issuance from block rewards.

At current subsidy rates of 3.125 BTC per block, roughly 450 BTC enter circulation daily, worth about $366 million across 7 days and $1.58 billion across 30 days at recent prices. This reconciliation shows that realized-cap growth is explained entirely by realized gains and miner issuance, with no unexplained distortions in the ledger.

SOPR metrics confirm the picture of steady profit-taking without signs of distress. Adjusted SOPR is at 1.028; its seven-day average is 1.033. Across the last 30 days, it closed above 1 every single day, meaning aggregate spending consistently happened in profit.

Short-term holder SOPR sits at 0.995, with a seven-day average at 1.002 and 24 of the last 30 days closing above 1. This reflects marginal breakeven conditions for recent buyers, some selling at cost and some at a small gain.

In contrast, the long-term holder SOPR is far higher at 1.718, with all 30 of the last 30 days above 1 and an average of 2.21. The long-term supply that does move is doing so at very high profit multiples, consistent with periodic trimming rather than broad exits.

Spent output age band data shows the dominance of young coin churn. On Aug. 19, 94.95% of all spent outputs came from coins younger than three months. Within that, same-day churn was the largest component, with 0–1 day coins making up 83.27% of the total, followed by 1–7 day coins at 7.49%. The 1–3 month band contributed only 1.42%. Coins between three and twelve months old made up 2.97% of spent supply, while coins older than one year accounted for just 2.08%. Over the past seven days, the younger-than-three-month share averaged 95.98%, with older-than-one-year coins averaging 1.95%. Over the past 30 days, the split was even more tilted, with young coins averaging 97.14% and older supply just 1.41%. The implication is that nearly all turnover comes from highly liquid recent supply, not long-dormant coins.

The lack of long-term holder distribution is reinforced by coin days destroyed. CDD stands near 15.6 million, in line with its 30-day mean, with no outlier spikes exceeding two standard deviations over the past 180 days. Historically, large bursts of CDD signal movement of very old supply into the market, often preceding distribution phases. Their absence suggests older coins remain dormant despite profitable conditions.

NUPL, at 0.537, with a 30-day average of 0.561, continues to place the market in the Belief/Denial zone. This means a large share of supply is held in profit, consistent with ongoing profit-taking and supply turnover without broad capitulation. The 30-day data for NUPL is low frequency, so it is better treated as a regime gauge than a short-term oscillator. Still, the reading signals that most coins are comfortably in the money.

Correlation analysis sharpens the distinction between flows. Over the past 90 days, the strongest link to returns is short-term holder SOPR, with a correlation of +0.36. Adjusted SOPR shows only a weak positive link at +0.05, while long-term holder SOPR is nearly uncorrelated at +0.01.

This matches the age-band data: short-term cost bases are where price action is most sensitive. Older supply moves have been marginal and not price-determining in recent months. Analysis showed similarly weak correlations between returns and NRPL (+0.08), CDD (−0.03), and spot volume (−0.13), reinforcing the conclusion that short-term profitability dominates marginal flows.

The data shows a market in distribution without stress. Price performance has cooled, and volume is down slightly, but realized cap is rising in line with issuance-adjusted realized profits. Profit-taking is steady, STH SOPR balances near breakeven, and long-term SOPR shows occasional high-profit sales without broad exits. Nearly all activity is driven by recent coins, with old supply quiet and no spikes in CDD. This combination points to rotation within the active float rather than a structural exit of deep supply.

In the next few days, the focal point will be whether the short-term holder SOPR maintains its delicate balance above 1. A decisive shift below 1 across several consecutive days would signal that recent buyers are capitulating, which historically accelerates drawdowns. As of now, the data shows stability: new supply is digested, profits are crystallized, but stress is absent.

The post Bitcoin SOPR shows consistent profit realization despite price pullback appeared first on CryptoSlate.

After the brief surge that followed the Ripple lawsuit’s conclusion, traders say momentum quickly faded. Bitcoin slid to around $114,000, and with it, XRP touched $2.94.

That dip dragged the token under $3 once again, sparking fresh arguments between those who see a buying chance and those who remain skeptical.

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Analyst Frames Dip As Opportunity

According to comments from Coach JV, a well-known XRP advocate, the return to sub-$3 levels should be seen as a chance to buy.

He called XRP under $3 “a massive blessing.” He told followers that most people panic when prices fall, while patient investors buy slowly over time. He used a farming image to make the point:

People tend to buy at harvest, he said, but the smart money buys when the field looks empty. This message sits alongside data showing XRP has been more bearish since the post-lawsuit spike.

XRP under $3 is a massive blessing. Most people panic when prices are low, but this is where wealth is built. You already know the game, accumulation in sideways markets is what sets up generational wealth when the cycle turns.

Think of it like farmland. Everyone wants to buy…

— Coach, JV (@Coachjv_) August 18, 2025

A Split Within The Community

Not everyone agrees with that view. One commentator argued that XRP at $500 — not $3 — would be the real blessing. Coach JV pushed back, saying that if an extreme rally ever arrives, the payoff will go to those who held through the down days and kept adding to their positions.

He has also used the phrase “unimaginable wealth” to describe what long-term holders might see. Reports note that most XRP holders own fewer than 500 tokens, which helps explain why many retail investors focus on the idea of transformative returns.

Technical Indicators Paint A Cautionary Picture

According to current XRP price predictions, the token is expected to dip by 0.75% to about $2.87 by September 19, 2025. Based on technical readings, market sentiment is listed as Neutral and the Fear & Greed Index registers 44 (Fear).

Over the last 30 days XRP recorded 12/30 green days — that’s 40% — with price volatility at 4.80%. Those numbers suggest movement, but not runaway momentum, and they help explain the mixed tone among traders.

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XRP’s $3 Line: Buying Opportunity Or Warning Sign?

Meanwhile, short-term traders will watch price action around $3 for signs of follow-through, while longer-term backers point to accumulation as a strategy.

According to the voices quoted in the market, patience and steady buying are the path some choose. Other market participants say tempering expectations with clear math is wise.

Either way, the debate over whether a dip is a blessing or a warning is likely to continue as XRP finds its footing after recent volatility.

Featured image from Meta, chart from TradingView

SHIB whale activity surges

Shiba Inu (SHIB) witnesses explosive 40% spike in overnight whale activity.

• Surge in transfer. Aug. 12–13 saw 351.6 billion SHIB moved from large wallets — up 40% from the prior day’s 240.13 billion.

Shiba Inu (SHIB) just experienced one of its busiest nights in weeks, with major holders transferring 40% more tokens than the previous day, as per IntoTheBlock. From Aug. 12 to 13, the amount of SHIB flowing out of large wallets increased from 240.13 billion to 351.6 billion, putting a massive portion of the supply in motion in less than 24 hours. 

Large outflows can indicate two different things: coins being sent to exchanges for sale or coins being sent from exchanges to private storage. Interestingly, SHIB’s price did not sink when the outflows spiked.  

• Price action. Stayed near $0.000014 despite heavy flows.

Instead, it held steady at around $0.000014, leaning more toward the idea that whales are parking tokens in cold wallets rather than selling them on the market. 

Over the same period, SHIB’s chart showed a push toward $0.00001425, a dip to approximately $0.00001360 and then a slow climb back to $0.0000138. There was no big sell-off or panic candles – just a back-and-forth range that suggests buyers were ready to take whatever supply was available. 

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ETH holders in full profit

Ethereum has no single holder in losses at moment amid shift to new ATH. 

• 98.81% in profit. 148.2 million ETH ($704.29B) bought below current price.

In a historic development, Ethereum (ETH), the leading altcoin, is bullish, with all of its holders in profit. In the last 24 hours, activities in the Ethereum ecosystem have been on an upward trajectory in terms of price and volume outlook. 

According to IntoTheBlock data, a total of 148.2 million ETH valued at $704.29 billion are “In the Money.” This reflects 98.81% of Ethereum holders. This implies that these investors bought the asset at a price lower than the current market price. 

• Low sell pressure. Holders likely waiting for a new ATH.

Interestingly, no holder is “Out of the Money.” Meanwhile, only 1.19% of holders are “At the Money.” These holders account for 1.79 million ETH worth $8.52 billion. These investors bought Ethereum at around $4,752. 

The implication of this for the leading altcoin is that there is minimal sell pressure on holders. With all investors in profit, they are likely to hold off selling their asset with anticipation of a new all-time high (ATH). 

• Price target. Market watching for $5K breakout.

The market had been agitated when a major Ethereum ICO whale went for profit in a fresh batch of sales less than 48 hours ago. However, the current development suggests that sell pressure has dropped. 

Surprisingly, despite the bullish outlook of Ethereum, the asset remains about 3% away from flipping its ATH of $4,891.70 set about four years ago. This has sparked concern among some market participants, who were anticipating the ETH price to hit $5,000.

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Coinbase XRP reserves down 57.4% since June

Major US exchange Coinbase slashes XRP holdings by 57.4% as transfers accelerate.

• Reserve decline. XRP holdings spread across 52 cold wallets.

Coinbase’s XRP reserves have been dropping for months, and new on-chain data show the decline has hit 57.4% since early June. The exchange used to hold almost a billion XRP across 52 cold wallets, but now it is down to about half that, with more big transfers this week. 

Right now, 10 wallets still hold about 26.8 million XRP each, and another 42 wallets hold about 16.8 million XRP. One of the latest moves saw 16.69 million XRP – worth about $54.83 million – moved from Coinbase Cold Wallet 155 to Coinbase Cold Wallet 10. It was an internal transfer. 

• Possible destinations. Bitstamp, BitGo, Ripple’s ODL network; or internal reserve reorganization.

The destination of these coins is unclear. Analysts believe the transfers are feeding new subwallets tied to Bitstamp, BitGo and Ripple’s On-Demand Liquidity network. Others think Coinbase is reorganizing reserves to position itself for usage or price changes. 

There is no sign of disorder or panic selling in the way these transfers are being handled. The amounts and timing suggest that there was a lot of planning involved, with an emphasis on where assets are located so they can be accessed efficiently. 

• Usage trend. Coinbase’s influence over large XRP flows may shrink.

Coinbase is not holding as much XRP as it used to, and that is because more and more people are interested in using the token for payments and cross-border transactions.  If this trend keeps up, Coinbase might not have as much control over the big XRP flows, and more of the asset might be moving through other exchanges and custodial channels.

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An early Ethereum ICO investor has moved to sell a fresh batch of his stash as prices trade near multiyear highs. Blockchain records show the wallet, which bought 100,000 ETH during the 2014 ICO for about $31,000, sold 4,283 ETH. This recent transaction, according to Lookonchain data, is worth roughly $18.97 million.

Ethereum whale’s sales since 2021

It is worth noting that the same address has been selling consistently since 2021. In total, it has offloaded 44,284 ETH over the last few years at an average price of $2,378.

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These sales have brought in around $105 million in profit. Despite large disposals, the investor still HODLs 55,716 ETH, which is valued at about $261.6 million at current prices.

Ethereum’s price has risen dramatically in recent weeks, trading around $4,670.70 as of press time. This marks a gain of more than 6.05% in the last 24 hours. Notably, the rally has lifted Ethereum’s market value to about $563.87 billion, putting it ahead of major companies like Netflix and Mastercard. 

More importantly, both retail traders and large institutions have been adding to positions, with corporate reserve plans now a growing factor on the market.

Ethereum price targets and institutional demand

Standard Chartered has raised its forecast for Ethereum, now expecting it to reach $7,500 by the end of 2025. The bank’s previous target was $4,000, and it has revised its 2028 projection from $7,500 to $25,000.

This view is linked to announced corporate reserve plans that could bring total institutional holdings to $30.4 billion. 

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Current holdings are estimated at $7.59 billion. Mining company BitMine has outlined the largest allocation, with plans to acquire $22 billion worth of ETH, or roughly 5% of the total supply.

Meanwhile, Cathie Wood, the CEO of ARK Invest, is still positive about Ethereum. Some analysts think ETH could one day reach $22,000 if demand keeps growing. With long-term holders selling for profits and big investors planning large buys, Ethereum’s market is staying active and getting a lot of attention.

Cardano’s most loyal investors are bucking the usual profit-taking trend and are steadily adding to their ADA stacks even as prices and market heat indicators climb.

Data from Alpharactal showed that ADA long-term holders (LTH) have been steadily accumulating the digital asset since 2021 without showing signs of significant distribution.

This consistency signals confidence in Cardano’s long-term growth and a willingness to hold through potential volatility.

Meanwhile, part of this cohort’s resilience may stem from ADA’s price still sitting 74.76% below its all-time high of $3.09, reached in September 2021.

The incentive to sell may not be compelling for many investors who bought during that cycle until the asset returns to those record levels. On the other hand, ADA short-term holders (STH) are exhibiting a surprisingly more cautious behavior in the current bullish market conditions.

Notably, this cohort quickly sold during 2021’s market rally but now applies far less selling pressure despite ADA’s 150% year-on-year gain.

Instead, Alphractal noted that they have modestly increased their positions in the digital asset.

Overheated market

Outside of these traders’ behaviour, on-chain indicators suggest ADA market conditions are hot and could give the asset another significant price run.

The adjusted Sharpe Ratio, a gauge of risk-adjusted returns, stands at roughly 1, reflecting the strong market performance compared to previous cycles.

Historically, ADA has seen sharp, parabolic rallies when this ratio approaches 2, making the current reading potentially supportive of further gains.

Aside from this indicator, a major bullish catalyst may be forming on the regulatory front.

Data from the decentralized prediction marketplace Polymarket gives Cardano an 80% chance of seeing a US-approved ETF this year. This places it among a small circle of altcoins with such significant odds.

If confirmed, an ETF could draw significant new demand from institutional and retail investors alike,e which could increase ADA’s value.

Strategy’s shares fell 1.4% in after-hours trading despite posting a company-record $10 billion in profit in the second quarter, as CEO Phong Le called the Bitcoin-holding company the “most misunderstood and undervalued stock” in the market.

Strategy’s operating income rose 7,100% year-on-year (YOY) to $14 billion, the company Michael Saylor co-founded said in its earnings statement on Thursday.

It marked the second reporting period in which the firm applied fair value accounting, which includes unrealized gains from Bitcoin (BTC).

Strategy also announced plans to raise another $4.2 billion worth of shares through one of its preferred stock offerings to buy more Bitcoin, part of its long-term goal to buy $84 billion worth of the cryptocurrency under its upgraded “42/42” plan.

Strategy misunderstood, undervalued: Phong Le

Strategy’s estimated operating income for the 2025 financial year now sits at $34 billion, the ninth-largest income among Standard and Poor’s 500 (S&P 500) companies, Le said in the earnings call.

He said Strategy boasts the 96th-largest market cap and one of the lowest profit-to-earnings multiples among firms in the S&P 500.

”We’re capitalized on the most innovative technology and asset in the history of mankind, on the other hand, we’re possibly the most misunderstood and undervalued stock in the US and potentially the world.”

Strategy’s software arm, which covers its business intelligence products and subscription services, brought in $114 million in revenue in the quarter.

Strategy’s common stock, MSTR, closed up 1.73% to $401.86 on Thursday but has fallen 1.4% in after-hours, Google Finance data shows.

Strategy is raising the bar for its Bitcoin metrics

Strategy, which has accumulated 628,791 BTC worth $73.3 billion to date, noted that its “BTC yield” increased 25% in the second quarter and its “BTC $ Gain” is over $13 billion, already reaching Strategy’s end-of-year targets.

BTC yield represents the percentage change ratio between Strategy’s Bitcoin and its assumed diluted shares outstanding, while the “BTC $ Gain” reflects the gain in Bitcoin’s value measured in US dollars.

As a result, Strategy is raising its full-year “BTC Yield” and “BTC $ Gain” targets to 30% and $20 billion, respectively, Le said.

”Any company that is able to double their targets throughout the course of the year, you would consider that a success.”

Strategy to raise $4.2 billion to buy more Bitcoin

Meanwhile, Strategy said it entered into an agreement to issue and sell up to $4.2 billion worth of shares in one of its preferred stock offerings, which will be used to purchase more Bitcoin.

The Variable Rate Series A Perpetual Stretch Preferred Stock, tickered STRC, has been one of Strategy’s main investment vehicles to bolster its Bitcoin holdings through what the firm describes as “intelligent leverage.”

Related: Strategy launches Bitcoin stock pegged at $100 to increase treasury

It comes as Strategy raised $2.5 billion from STRC earlier in July, which it used to purchase 21,021 Bitcoin, making it the largest US equity raise so far in 2025.

At current market prices, Strategy could purchase another 36,128 Bitcoin from the $4.2 billion raise.

Magazine: Crypto traders ‘fool themselves’ with price predictions: Peter Brandt

]]> https://earlybirdsinvest.com/strategy-ceo-calls-it-most-misunderstood-stock-amid-record-profit/feed/ 0 50782 https://earlybirdsinvest.com/tether-reports-5-7-billion-profit-amid-record-127-billion-us-treasury-investments/ https://earlybirdsinvest.com/tether-reports-5-7-billion-profit-amid-record-127-billion-us-treasury-investments/#respond Thu, 31 Jul 2025 16:08:21 +0000 https://earlybirdsinvest.com/tether-reports-5-7-billion-profit-amid-record-127-billion-us-treasury-investments/

Tether has minted over $20 billion worth of USDT since the start of 2025, pushing the stablecoin’s total circulation beyond $157 billion, according to its quarterly attestation report released on July 31.

The company noted that over $13.4 billion in USDT was issued during the second quarter alone, reflecting strong demand for the dollar-pegged token across global markets.

Tether emphasized that its reserve assets fully back all tokens in circulation.

As of the end of Q2 2025, the company’s exposure to US Treasuries stood at more than $127 billion. This includes $105.5 billion in direct Treasury holdings and $21.3 billion held indirectly, an $8 billion increase from the previous quarter.

With this level of exposure, Tether remains among the largest non-sovereign holders of US government debt.

Speaking on these milestones, Tether CEO Paolo Ardoino said:

“Q2 2025 affirms what markets have been telling us all year: trust in Tether is accelerating. With over $127 billion in U.S. Treasury exposure, robust bitcoin and gold reserves, and over $20 billion in new USDT issued, we’re not just keeping pace with global demand, we’re shaping it.”

Tether’s profits and US investments

Tether reported a net profit of approximately $4.9 billion for Q2 2025, bringing its year-to-date total to $5.7 billion.

Of this, $3.1 billion came from recurring operational income, while $2.6 billion was generated from mark-to-market gains on its gold and Bitcoin holdings.

Meanwhile, Tether stated that its shareholder capital remains steady at $5.47 billion. This equity cushions against unexpected market shocks and highlights Tether’s commitment to financial resilience.

As a result, the stablecoin firm has begun directing a significant portion of its profits toward long-term initiatives.

Over the past six months, the company has invested heavily in infrastructure projects, with the US emerging as a key market.

According to the firm, roughly $4 billion has already been deployed domestically into ventures like XXI Capital and Rumble, including developing the Rumble Wallet.

Legal troubles

Despite its financial strength, the company faces two unresolved legal cases in New York.

The firm stated that one of the cases is a class-action suit related to the 2017–2018 Bitcoin market downturn. The other involves proceedings tied to the bankruptcy of crypto lender Celsius.

In both cases, Tether International is named as a defendant, but the firm’s management says potential outcomes cannot yet be reliably assessed.

As such, no provisions have been made in its financials for these litigations.

Mentioned in this article

A major Dogecoin whale is making a bold $21.24 million leveraged bet just days after locking in a multi-million-dollar profit. The move, which was revealed by Lookonchain, sparked interest among crypto investors on the social media platform X. This comes as Dogecoin is starting to deviate from its bearish Q3 history with a strong performance in the past seven days.

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Whale Makes High-Stakes On Dogecoin

According to on-chain transaction monitor Lookonchain, a crypto whale identified as address 0x6adb recently closed a previous long position on Dogecoin with a tidy $2.14 million profit. According to data from HyperDash, this position was open for 63 hours and was eventually closed on July 18. The entry was spot on, and the position was able to take full advantage of Dogecoin’s push from $0.19 to $0.24 within this time period.

However, what makes this trade notable isn’t just the size of the gain but the fact that the whale immediately re-entered the market with even more confidence. A few hours after exiting, the whale opened a new 10x leveraged long position on 84.08 million DOGE, which was worth approximately $21.24 million at the time. 

Interestingly, the new long position was timed nearly perfectly again. As noted by Lookonchain, the position quickly moved in the whale’s favor, racking up an unrealized profit of $1.64 million.

Whale 0x6adb closed his $DOGE long at the top yesterday, locking in a $2.14M profit.

10 hours ago, he jumped back in — going 10x long on 84.08M $DOGE($21.24M), with an unrealized profit of $1.64M.

Smart moves! https://t.co/f3FekXx5yg pic.twitter.com/zc2tYXnLeP

— Lookonchain (@lookonchain) July 19, 2025

Dogecoin Enters Q3 With 53% Gain

Dogecoin’s strong performance in July has marked a positive start for its price action in Q3 2025. Interestingly, the last time Dogecoin ended Q3 with a positive close was in 2020. Since then, the memecoin has posted Q3 losses for six consecutive years, ranging from 6.9% in 2023 to as high as 18% in 2021. 

However, as it stands, data from CryptoRank shows that Dogecoin is now experiencing a 53.6% increase in Q3 2025. At the time of writing, Dogecoin is trading at $0.253, marking a 28% increase from $0.197 just a week ago. 

According to CoinGlass data, Dogecoin’s open interest on the derivatives market has crossed over the $4 billion mark for the first time since February. This data shows that there are a large number of active participants and strong interest in Dogecoin, which is a positive outlook for its price action in the new week.

The $0.25 price level is now a support zone and Dogecoin could embark on a strong move to $0.30 and beyond in the new week if this floor holds. However, any decisive drop below it will flip sentiment fast. 

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For a trader with a 10x long position, even a 10% dip in Dogecoin’s price will push the trade deep into negative territory. The whale’s position could be liquidated or severely impacted if Dogecoin retraces to earlier support levels around $0.22 or lower.

Featured image from Unsplash, chart from TradingView

Bitcoin reached a new all-time high of $122,838 on July 14, but has since slipped into a phase of consolidation around the $118,000 level. The recent pause in upward momentum hasn’t dampened market sentiment, which remains firmly bullish. According to Coinmarketcap’s Fear & Greed Index, Bitcoin is still currently sitting at a greed level of 68. This sentiment, combined with technical analysis of the Logarithmic Growth Curve (LGC), shows that Bitcoin is still on track for powerful upward moves.

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Greed Returns To The Market, But Not Yet Overheated

Bitcoin’s price action has spent the majority of the past 48 hours holding above $118,000 after a wave of profit-taking took place just after it peaked at $122,838. However, on-chain data shows an interesting overview of Bitcoin investors. 

Particularly, crypto analyst Axel Adler Jr. shared data from CryptoQuant showing that the 30-day moving average of the Fear and Greed Index has climbed back into the optimism zone, now sitting at 66.2%. Although sentiment surrounding the leading cryptocurrency is currently in greedy territory, this level is well below the 75% to 80% range, which coincided with new price highs in March 2024 and December 2025

The current 66% reading, while in the green level, suggests there’s still room for bullish sentiment to grow before the market enters a euphoric blow-off phase. In essence, this metric shows that if Bitcoin continues to consolidate and push higher without the sentiment entering into extreme greed levels between 75% and 80%, it will continue on a sustainable push to new heights.

Image From X: @AxelAdlerJr

Bitcoin Re-Enters Resistance Zone On Growth Curve

As mentioned earlier, Bitcoin’s break above the $120,000 price level and its subsequent peak were followed by a wave of profit-taking. The trend saw Bitcoin’s price correct to $116,000 very briefly before stabilizing around $118,000. Interestingly, technical analysis of the weekly candlestick timeframe shows that Bitcoin re-entered the first band of the Logarithmic Growth Curve (LGC) resistance zone as it reached this price peak. 

This band, which is identified as the light pink region in the chart below, has always served as the profit-taking area in each of Bitcoin’s past bull markets. Interestingly, Bitcoin briefly tapped this area in December 2024 and January 2025 before being rejected, in a pattern similar to that of January 2021’s first top in the previous bull cycle.

Image From TradingView: TradingShot

Basically, this indicator implies that Bitcoin is now at the start of a final build-up phase. According to crypto analyst TradingShot, who posted the analysis on the TradingView platform, the ultimate top for this cycle is going to be between October and November 2025. Depending on the timing and strength of factors like anticipated US rate cuts in September, Bitcoin’s peak could land anywhere between $140,000 and $200,000.

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At the time of writing, Bitcoin is trading at $118,152.

Featured image from Pexels, chart from TradingView