Over the past several weeks, XRP, Shiba Inu and Bitcoin have faced furious bearish pressure on the market: XRP, for example, struggled at key moving averages; Shiba Inu attempted to break free from a prolonged triangle formation; and Bitcoin tried to find grounds for a recovery — all without much success. However, the selling pressure is winding down, and sentiment can shift at any given moment.

XRP bears giving up?

Over the past few weeks, XRP has been consistently under bearish pressure, with sellers holding sway after the asset was unable to recover the $3 psychological level. Right now, XRP is trading at about $2.081, just above the 100-day EMA, which has served as a crucial support line. Investors now need to determine if the bears have more fuel in their tanks or if exhaustion is starting to set in.

An extended pullback after the July peak near $3.70 is visible on the chart:

• XRP has not crashed, as some had anticipated, despite market pressure from lower highs and persistent selling. Rather, buyers appear willing to defend in the $2.75-$2.85 range, where price action has stabilized. This consolidation might indicate that bears are losing ground.

• This outlook is supported by volume data. The declining trading activity suggests a significant slowdown in selling interest. Volume usually rises during breakdowns on bear markets, but the limited participation during XRP’s most recent declines suggests that sellers are losing faith.

Technically, the RSI is at 44, which indicates a slight bearishness but is still well below oversold extremes. This implies that, while there is still potential for a decline, the circumstances for a disastrous plunge are not always present. A more dramatic sell-off below the 200-day EMA seems unlikely in the absence of a significant catalyst, but a decline toward the 200-day EMA at $2.50 is still possible if overall market sentiment deteriorates.

Bitcoin’s comeback

Following a decline below $110,000 earlier in the week, Bitcoin has made an unexpected comeback, regaining the $112,000 level. On the surface, such a move might seem bullish, but it is also among the riskiest and least convincing recoveries the asset has displayed in recent months.

With the 50-day EMA close to $115,000 serving as a ceiling, Bitcoin is currently trading between $110,900 and $112,600, just below important resistance levels. It is challenging to categorize this rebound as a strong one because it occurred with a low trading volume. Low-volume recoveries close to crucial price thresholds have a history of losing momentum and resuming downward drift.

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Technical indicators draw attention to the degree of uncertainty. However, it does not show much buying enthusiasm, the RSI stays neutral at 45, allowing Bitcoin to rise. In the meantime, the 200-day EMA is at $104,000, which could act as a downside magnet if buyers are unable to hold $110,000. From a psychological standpoint, both bulls and bears now find $112,000 to be an uncomfortable pivot zone.

Although history demonstrates that volatility is frequently preceded by sharp low-volume recoveries, investors may view this as a short-term opportunity. If Bitcoin is unable to break through the $115,000 barrier, it may swiftly return to the $108,000-$106,000 level.

Traders need to exercise caution. Although there is some respite from the recent rebound, it lacks the volume and structural support that usually validates long-term improvements. It might be better for long-term investors to hold off on reevaluating bullish positions until consolidation occurs above $115,000.

To put it briefly, Bitcoin’s $112,000 comeback is surprising but precarious. In the absence of increased volume and momentum, the digital gold could revert, reminding investors that the current market cycle is still dominated by volatility.

Shiba Inu: Cautious optimism

Shiba Inu has spent a large portion of the year in a protracted downward trend, failing to make significant progress as other assets tried to recover. But, at last, a significant positive indication might be showing up on the charts, giving SHIB holders cause for cautious optimism.

SHIB is now trading close to $0.0000122 and has been following a symmetrical triangle pattern that is getting smaller. Significantly, recent candles indicate that sellers might be losing ground as SHIB tries to turn upward from the triangle’s lower boundary. Following weeks of consolidation and numerous setbacks at higher resistance levels, this is the first genuine indication of bullish strength.

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The moving averages are starting to come into play as well. SHIB has repeatedly tested the 50-day EMA without breaking sharply lower, indicating that buyers are likely protecting this region. Should momentum persist, SHIB may move in the direction of the 100-day EMA at $0.0000130 and then attempt to break through the 200-day EMA at $0.0000139, a crucial level that would validate a longer-term reversal.

The relative strength index (RSI), which has leveled off at 46 and is suggesting that it may rise, is another positive indication. That permits upward momentum without running the risk of running out of energy right away.

For investors, this suggests that SHIB might be about to enter a transitional phase, where the downward momentum is waning, but it does not ensure a complete breakout. If SHIB closes above the 100-day EMA and stays there, there may be a significant increase in confidence in a short-term recovery.

Although bearish influence has not fully disappeared, the downside momentum across XRP, SHIB and Bitcoin is showing signs of exhaustion. Buyers are defending key levels, but without stronger volume and bullish support, any potential rallies risk losing steam. Until structural support and sustained breakouts above major resistance levels materialize, the market’s current state remains fragile.

• DOGE price started a fresh decline below the $0.2350 level.
• The price is trading below the $0.2320 level and the 100-hourly simple moving average.
• There is a bearish trend line forming with resistance at $0.2280 on the hourly chart of the DOGE/USD pair (data source from Kraken).
• The price could start a fresh upward move if it clears the $0.2280 and $0.2350 resistance levels.

Dogecoin Price Eyes Recovery Wave

Dogecoin price started a fresh decline from the $0.250 resistance zone, underperforming Bitcoin and Ethereum. DOGE declined below the $0.2350 and $0.2320 support levels.

The decline gained pace below the $0.2300 level. A low was formed at $0.2225 and the price is now consolidating losses. There is also a bearish trend line forming with resistance at $0.2280 on the hourly chart of the DOGE/USD pair.

Dogecoin price is now trading below the $0.2320 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.2280 level and the 23.6% Fib retracement level of the downward move from the $0.2486 swing high to the $0.2225 low.

The first major resistance for the bulls could be near the $0.2350 level or the 50% Fib retracement level of the downward move from the $0.2486 swing high to the $0.2225 low. The next major resistance is near the $0.2420 level. A close above the $0.2420 resistance might send the price toward the $0.250 resistance. Any more gains might send the price toward the $0.2550 level. The next major stop for the bulls might be $0.2650.

Downside Correction In DOGE?

If DOGE’s price fails to climb above the $0.2280 level, it could start a downside correction. Initial support on the downside is near the $0.2220 level. The next major support is near the $0.2120 level.

The main support sits at $0.2050. If there is a downside break below the $0.2050 support, the price could decline further. In the stated case, the price might decline toward the $0.1980 level or even $0.1920 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level.

Major Support Levels – $0.2220 and $0.2120.

Major Resistance Levels – $0.2280 and $0.2350.

Cboe has submitted amendments for five crypto-related exchange-traded funds (ETFs) that would allow authorized participants to create and redeem shares in-kind, which is a positive sign for the approval of such funds.

Bloomberg ETF analyst James Seyffart shared on July 22 a screenshot of the exchanges’ docket showing the amended rule filings. The amendments relate to issuers ARK 21Shares, VanEck, Fidelity, WisdomTree, and Invesco Galaxy.

Seyffart described the cluster of filings as a “positive” signal that the Securities and Exchange Commission (SEC) is working with issuers to finalize an in-kind framework rather than resisting it. He characterized the process as fine-tuning, not stonewalling.

In-kind redemptions enable investors to exchange Bitcoin (BTC) or Ethereum (ETH) for the underlying assets, rather than cash, and receive them upon redemption.

Not noticeable by the retail

Seyffart also addressed a recurring misconception. The shift to in-kind would not let retail investors swap ETF shares for Bitcoin or Ethereum directly. 

Only authorized participants, such as large Wall Street firms and market makers, would be responsible for handling those transfers. For most investors, nothing will appear different on the screen because existing spot Bitcoin ETFs already trade closely to their net asset value.

The benefit is then structural, as crypto ETPs would be treated the same way as commodity and equity products that commonly use in-kind flows, enhancing tax efficiency and lowering friction inside the fund.

If the Commission signs off, authorized participants will be able to move crypto directly instead of sourcing or unwinding large cash positions each time they create or redeem baskets. 

That change could reduce spreads and hedging costs, especially in volatile markets, and give issuers more flexibility in portfolio management. 

Although retail wouldn’t notice the changes directly, smoother primary-market plumbing tends to reinforce secondary-market efficiency.

Long queue

The latest Cboe batch joins a growing queue of filings that either request or contemplate in-kind flexibility. 

Nasdaq has already requested that BlackRock’s iShares Bitcoin Trust be converted to in-kind creations and redemptions, following language in the trust’s January 2024 S-1 that stated the sponsor could make the switch once regulators approved. 

A Federal Register notice in late May also described full in-kind mechanics for an Ethereum trust on Nasdaq, detailing how APs would deliver or receive ether. 

NYSE Arca hosts Bitwise’s Bitcoin and Ethereum ETFs, which from the outset proposed pure in-kind baskets. 

Collectively, these filings form the pending docket the SEC must clear before any fund can move away from the cash-only model imposed at launch.

Mentioned in this article

On July 15, 2025, the Bank of Japan (BOJ) quietly announced that it would begin supplying U.S. dollar funds against pooled collateral, starting on July 17, a move that might seem like standard liquidity management.

However, according to macro analyst EndGame Macro, this technical maneuver may signal the beginning of a far deeper shift, hinting at growing stress inside the global dollar funding ecosystem and the cumulative strain of Federal Reserve Chair Jerome Powell’s persistent hawkishness.

The carry trade squeeze and systemic pressure

EndGame Macro explains that, for years, Japanese institutions profited from USD carry trades: borrowing cheaply in yen, investing in higher-yielding U.S. assets, and hedging the currency risk. This trade thrived on historically easy dollar liquidity and a strong yen. Now, with the dollar buoyed by high Fed rates and the yen slumping, the economics are breaking down.

As the cost and risk of rolling over these trades escalate, Japanese firms face mounting pressure. The BOJ’s action of supplying domestic USD liquidity is less about the current crisis and more about “preemptive firefighting.”

The maneuver also points to a broader global problem: dollar scarcity. When a major central bank intervenes to provide USD locally, it’s a clear message that private markets are slipping in their capacity to allocate dollars efficiently and cost-effectively. We’ve seen the early signs before, he states, most notably in 2008, 2011, 2019, and 2020, which led to repo market ruptures and emergency Fed interventions.

Arthur Hayes, former CEO of BitMEX, commented on the implications of these central bank machinations, pointing out that such moves bolster global liquidity:

“This is huge… The BOJ is about to ramp up the fiat liquidity gusher and propel $BTC much higher.”

The BOJ rate hike and crypto assets

CryptoSlate recently reported that the BOJ’s recent rate hike to 0.5%, the highest since 2008, sent shockwaves through both Japanese and international markets, including a 22% drop in Metaplanet shares.

The move, prompted by persistent inflation above 3%, has put pressure on previously steady carry trades and heightened volatility across assets. Higher Japanese rates narrow the profitability of borrowing in yen to invest overseas. Unwinding these trades can cause rapid capital flight from risk assets, including cryptocurrencies, increasing global volatility.

When the dollar becomes more expensive and less available globally, riskier assets, like Bitcoin, often face pressure, with price surges or sudden downturns as liquidity dynamics shift. However, if central banks, including the Fed and BOJ, coordinate or expand liquidity (e.g., via swap lines or renewed QE), risk assets like crypto can rebound sharply, as Hayes anticipates.

The BOJ’s recent steps, both in lifting rates and preemptively adding USD liquidity, are more than routine tweaks. As EndGame Macro states:

“Quiet moves like this one are often the first signs.”

The post Bank of Japan’s quiet dollar liquidity move: warning sign or just the beginning? appeared first on CryptoSlate.

The number of crypto wallets holding at least 1 million XRP tokens has reached an all-time high, coinciding with a 26% surge in XRP’s price over the past week.

“Not only are there more XRP whales than ever, but the total supply they hold is also increasing,” onchain analytics platform Santiment said in a report on Friday, noting that the number of wallets holding over 1 million XRP (XRP) tokens has surged to a new all-time high of 2,743.

47.32 billion XRP tokens are now held by whales

“XRP is also showing signs of strength,” Santiment said. “This dual trend is a very positive sign for the fourth-largest crypto asset,” they added.

Santiment data shows that 47.32 billion XRP tokens are held by crypto wallets holding at least 1 million tokens.

XRP has surged 26% over the past seven days, trading at $2.80 at the time of publication, according to CoinMarketCap data.

Over the past 24 hours alone, it has spiked 10%. Meanwhile, CoinGlass data shows the surge wiped $31.44 million in XRP short positions.

Just last month, on June 18, traders were divided on XRP’s next direction as the cryptocurrency had been consolidating for nearly 200 days within a range of $1.90 to $2.90.

Altcoin season has started, says Santiment

However, XRP’s recent rally is part of a broader market breakout that saw Bitcoin (BTC) reach consecutive all-time highs of $112,000 on Wednesday and $116,500 on Thursday. 

Related: Ripple shareholder Linqto files for Chapter 11 bankruptcy

Ether (ETH) also surged, up 17.51% across the week, trading at $2,958 at the time of publication.

Santiment said that the metrics show altcoin season has begun. “The data confirms that, for now, it has,” Santiment said.

“As long as Bitcoin can maintain its position above the crucial psychological support level of around $110k, traders will likely feel comfortable redistributing profits into altcoins,” they added.

Magazine: Inside a 30,000 phone bot farm stealing crypto airdrops from real users

]]> https://earlybirdsinvest.com/xrps-very-positive-sign-whales-soar-to-new-highs-as-price-jumps-10/feed/ 0 47151 https://earlybirdsinvest.com/bitcoin-supply-on-exchanges-remain-low-amid-latest-milestone-an-encouraging-sign/ https://earlybirdsinvest.com/bitcoin-supply-on-exchanges-remain-low-amid-latest-milestone-an-encouraging-sign/#respond Fri, 11 Jul 2025 21:33:37 +0000 https://earlybirdsinvest.com/bitcoin-supply-on-exchanges-remain-low-amid-latest-milestone-an-encouraging-sign/

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The general crypto sector is brewing with excitement and optimism, particularly around Bitcoin, the largest digital asset, which recently witnessed a significant upside move to a new all-time high. Reports reveal that Bitcoin supply on exchanges has remained muted during the notable surge.

A Muted Bitcoin Exchange Balance

Bitcoin investors and traders are demonstrating positive behavior in spite of its notable rally. Santiment, a market intelligence and on-chain data platform, reported the positive action of investors after investigating the number of BTC supply on crypto exchanges.

The on-chain platform stated that Bitcoin has surged to a market value of $113,923, marking yet another historic all-time high during the time of the post. Despite the fact that the bitcoin price has increased by +13.6% from its local bottom on June 22nd, Santiment highlighted that traders are not demonstrating a strong desire to return coins to exchanges for possible sale.

Investors are happy to keep their Bitcoin hidden away in cold storage or personal wallets rather than swarming to crypto exchanges to cash in on gains. According to the platform, this behavior is seen as a long-term trend among known exchange wallet addresses.

This action from exchange investors reiterates the story of strong holder belief. Thus far, this trend could be considered an encouraging signal to market watchers and traders, as selling pressure is still at bay.

Data from Santiment reveals that there has been a net decrease of 315,830 BTC on crypto exchanges over the past four months, representing an over 21% drop. It is important to note that the decline has been more pronounced, with a -61% drop when looking back five years, to July 2020, when 1.88 million BTC left exchanges.

In conclusion, Santiment noted that the overall trend is quite bullish. “Overall, the trend of coins staying off exchanges is a sign that the threat of sudden market plummets is more limited,” the platform stated. Furthermore, Santiment claims that long-term investors are becoming more satisfied with storing their coins safely in their storage.

Investors Are Aggressively Buying BTC

During this bullish period, Bitcoin’s Spot Cumulative Volume Delta (CVD) has been trending downwards for several consecutive weeks. Popular on-chain analytics platform Glassnode revealed the persistent downtrend of the key metric, with the most recent buy-side increase occurring on Wednesday.

However, the platform claims that future CVD is more reactive, exhibiting an upward trend and strong buying interest. Since the all-time high tap, the chart shows that spot sold off while futures bought. Also, the funding is still modest, even momentarily negative.

The development implies that the BTC’s ongoing surge is being driven by leveraged rather than spot demand. Although spot markets are not providing much confirmation, Glassnode asserted that futures traders are leaning in. In the meantime, the low funding indicates that positioning isn’t congested yet, which Glassnode considers a structurally precarious setup unless spot interest returns.

Featured image from Pixabay, chart from Tradingview.com

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XRP is stabilizing near the top of its recent range and showing signs of bullish pressure as volatility narrows.

With strong volume-backed support at $2.14–$2.15 and multiple resistance tests at $2.18, the asset appears to be coiling within an ascending channel, setting the stage for a possible breakout.

News Background

• Middle East conflicts triggered renewed risk-off sentiment across markets, sparking liquidations across crypto. While top assets like Cardano and Solana posted over 1% declines, XRP has managed to hold ground — forming higher lows and carving out a new trading band in the $2.14–$2.18 zone.
• This resilience comes as the Federal Reserve prepares to announce its next interest rate decision. With global economic policy increasingly fragmented, crypto traders are bracing for sharp moves across digital assets.
• Despite broader caution, XRP’s recent behavior suggests underlying strength, with technical compression pointing to a potential breakout setup.
• XRP’s long-term structure remains in focus. After nearly 200 days of ranging between $1.90 and $2.90, the token is testing the upper end of a descending channel on the USDT pair, with macro resistance near $2.60.
• Analysts continue to debate whether this structure mirrors XRP’s 2017 price setup — a consolidation that preceded a 1,300% breakout.
• Meanwhile, investor behavior is shifting. Glassnode data shows rising profit-taking activity averaging $68.8 million daily, even as Bollinger Bands narrow — a classic sign of pending volatility.

Price Action

XRP traded within a 3.81% range from $2.143 to $2.182 over 24 hours, with strong buying pressure defending support at $2.143 during the 07:00 hour, where volume spiked to nearly 50 million units. Resistance was tested repeatedly at $2.179–$2.182 throughout the day but held firm.

In the final trading hour, XRP fell from a local high of $2.181 to $2.167, a 0.7% drop that formed a new short-term descending channel. Volume surged to 1.7 million as support at $2.170 was breached, but price stabilized quickly and formed a higher low, preserving the broader uptrend structure.

Technical Analysis Recap

• XRP posted a 3.81% 24-hour range, from $2.143 to $2.182.
• Support held at $2.143–$2.147 with heavy volume during early session lows.
• Resistance tested at $2.179–$2.182 multiple times, forming a clear upper boundary.
• Price action appears to form an ascending channel with higher lows intact.
• Late-session sell-off triggered by 1.7M volume spike at $2.170, but price recovered to $2.167.
• Descending micro-channel formed in the final hour; broader trend remains bullish if $2.14 support holds.
• Bollinger Bands tightening; RSI neutral at 52 suggests pending volatility.

Bitcoin has made a dramatic return to six-figure territory and reclaimed its $100k milestone for the first time since January 2025. On 8 May 2025, BTC surged 4.2% from an intraday low of $95,967. As optimism returns to the crypto landscape, Bitcoin’s recent push towards $100k can be credited to bullish macroeconomic signals, including a landmark US-UK trade agreement announced by US President Donald Trump. Importantly, US state Arizona approved a landmark crypto reserve law for state-managed Bitcoin fund.

Arizona officially enacted House Bill 2749 on Thursday, 8 May 2025. While Arizona is now committed to building a Bitcoin reserve, Texas is expected to follow closely.

Man isn’t winning sweet—-so many nay-sayers, just days ago, whining, criticizing like little bitches and days later, we have one clean decision by NH, then reversal from Arizona Gov, next is Texas who hasn’t done anything Big since Big Oil and Gas!

Is Texas coming into the… https://t.co/O4xoPwydAv

— Gary Cardone (@GaryCardone) May 8, 2025

Furthermore, despite pressure for cuts, the Federal Reserve held interest rates steady. This gave a fair boost to Bitcoin, which has been showing strength for weeks now. Although the Fed didn’t cut rates, economists expect a rate drop in June 2025. Meanwhile Trump urged Jerome Powell and the FOMC to lower rates, citing cooling inflation and reduced need for high borrowing costs.

Notably, Bitcoin first breached the $100k mark in December of last year, alongside Trump’s victory. BTC went all the way up to $109k before its trajectory was interrupted by factors including Trump’s tariffs and the global trade war. 

Beyond immediate events, ongoing progress in the US and global crypto regulation and the emergence of strategic Bitcoin reserve initiatives are seen as supportive of long-term growth. Is $110k next for BTC?

“$BTC will NEVER hit $100K again” — some guy in 2022
Meanwhile in 2025:

When do YOU think Bitcoin breaks $100K again?
Drop your guess + reasoning
Let’s see who’s got the alpha#BTC #Crypto #Endless #meme pic.twitter.com/7sTATFaVfK

— Endless (@EndlessProtocol) May 8, 2025

However, while Bitcoin enjoys renewed dominance, the broader altcoin market has struggled to keep pace.

DISCOVER: Top 20 Crypto to Buy in May 2025

Trump’s Trade Deal With UK: Major Catalyst For Bitcoin?

On 8 May 2025, a Reuters report confirmed the US-UK trade deal, where Trump and the British Prime Minister Keir Starmer announced a “breakthrough deal” on trade.

Cutting down the infamous Trump’s tariffs, the trade deal includes a 10% tariff on goods imported from the UK while Britain agreed to lower its tariffs to 1.8% from 5.1% and provide greater access to US goods.

“It opens up a tremendous market for us,” Trump said. Meanwhile, commenting on the trade deal Starmer said, “This is a really fantastic, historic day.”

Bitcoin Breaches $100K As US-UK Sign Trade Deal And Arizona Approves Crypto Reserve Law