The Crypto Basic

#Bitcoin has recovered sharply over the past three weeks, and the share of coins back in profit has risen significantly.
Meanwhile, new CryptoQuant analysis suggests the market still has not reached the conditions that historically marked the end of bear markets.
Bitcoin Supply in Profit Rises to 57.5%
According to CryptoQuant author thechessONCHAIN, Bitcoin’s Supply in Profit—the percentage of BTC worth more than its acquisition price—rose to 57.5% as of July 22. That is up from 46.2% on June 30, the cycle low.
The increase means more than one in every 10 BTCs moved from a loss to a profit in about three weeks. Over the same period, Bitcoin’s price gained roughly 7% and traded near $65,100.
Meanwhile, the Short-Term Holder Spent Output Profit Ratio (SOPR) stood at 0.9997. This suggests recent buyers are mostly selling at break-even instead of taking meaningful profits or losses.
Historical Bear Market Exits Required Higher Profit Levels
Despite the improvement, the analyst said Bitcoin has not yet reached the levels that historically confirmed the end of bear markets.
Using the 30-day average Long-Term Holder SOPR reclaiming 1.0 as the regime-change signal, previous bear markets ended only after a much larger share of Bitcoin’s supply returned to profit:
April 2012: 69% of supply in profitNovember 2015: 64%May 2019: 83%April 2023: 77%
In each case, at least 64% of Bitcoin’s supply was back in profit. The current reading is 57.5%.
The analyst also pointed to a failed recovery earlier in the current cycle. Between April 28 and June 1, the Long-Term Holder SOPR stayed above 1.0 for 35 consecutive days. During that period, Supply in Profit climbed to 67%. Both metrics later reversed lower.
The 30-day average Long-Term Holder SOPR has now fallen to 0.86. It has remained below 1.0 for 51 consecutive days, suggesting long-term holders are still not consistently realizing profits.
Selling Pressure Shifts to Newer Holders
The report also examined the source of current selling pressure. Bitcoin held for more than six months accounted for 12% to 16% of exchange inflows in early July as prices rebounded.
This suggested long-term holders were taking advantage of the rally to sell. That share has since dropped sharply to 0.8%, down from 5.6% a month earlier. The decline suggests selling by older holders has largely faded.
Instead, the remaining overhead supply comes from investors who accumulated Bitcoin between one month and two years ago. According to the analysis, their average acquisition prices range from about $72,000 to $101,000. That leaves many of these holders still underwater at current prices.
The analyst concluded that Bitcoin’s Supply in Profit would likely need to climb into the mid-60% range and remain there for longer than the failed 35-day recovery earlier this year.
Until then, the current rally is more likely to be a recovery within an ongoing bear market than confirmation of a market-cycle bottom.
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#Ethereum (ETH) reserves are moving in different directions across major cryptocurrency exchanges.
Gemini and Bitfinex have recorded significant outflows, while Binance’s holdings have remained mostly stable, according to CryptoQuant analyst Amr Taha.
658,600 Fewer ETH on Exchanges
Data shared by Taha shows Gemini’s Ethereum reserve fell to 384,400 ETH on July 24. This marks its lowest level since March 2024.
Notably, the exchange has lost about 188,600 ETH, or 32.9%, since holding 573,000 ETH on April 23.
Meanwhile, Bitfinex has also seen a major decline. Its Ethereum reserve dropped from 2.71 million ETH on May 11 to 2.24 million ETH. That represents a reduction of roughly 470,000 ETH, or 17.3%.
Meanwhile, Binance’s Ethereum reserves have remained largely unchanged at around 3.8 million ETH during the same period.
Together, Gemini and Bitfinex now hold about 658,600 fewer ETH than before. At Ethereum’s current price of around $1,880, the reduction is worth approximately $1.24 billion.
Taha said that falling exchange balances reduce the amount of ETH immediately available for trading. However, reserve movements alone do not show investor intent or predict Ethereum’s future price direction.
Binance Ethereum Funding Rates Reach Six-Month High as Market Sentiment Improves
In a separate market update, Arab Chain highlighted improving sentiment in Ethereum’s derivatives market.
The 30-day simple moving average (SMA) of funding rates for Ethereum perpetual contracts on Binance has risen to approximately 0.00339. This is the highest level in six months, with ETH trading near $1,920.
Funding rates represent the cost traders pay to maintain leveraged positions. A rising positive funding rate usually signals stronger demand for long positions and growing bullish sentiment.
According to Arab Chain, the indicator has reversed after declining for several months. The shift comes as Ethereum has recently recovered in price.
ETH is trading at $1,885, down 2.3% over the past day but remains up 2.56% over the past week. Moreover, the monthly chart shows ETH is up 13%.
Essentially, the move in the derivative markets suggests traders are willing to pay to hold long positions, reflecting expectations that ETH could continue moving higher.
However, Arab Chain noted that funding rates are still below the elevated levels that have historically appeared before major market corrections.
He added that continued increases could signal rising leverage in the market. This may increase the risk of widespread liquidations if Ethereum faces a sharp price decline.
#CryptonewswithJack

Activity on Shibarium, #Shiba Inu’s official Layer-2 blockchain, surged sharply over the past day, but SHIB’s price has yet to respond.
According to the latest data from Shibariumscan, Shibarium processed 1,180 daily transactions yesterday. This marks a notable recovery from 661 transactions recorded on July 21, the second-lowest daily transaction count for July.
As a result, daily transactions climbed 78.51% within just a few days, signaling renewed activity on the network after a period of sluggish usage.
Although the latest transaction count remains far below the millions of daily transactions Shibarium recorded during its peak periods, many market observers view the rebound as an encouraging sign.
The increase comes at a time when investors continue to search for a bullish catalyst capable of reversing SHIB’s prolonged price weakness. Even a modest improvement in network activity has sparked optimism that user engagement on Shibarium could gradually recover if the trend continues.
SHIB Price Fails to Respond to Network Improvement
Despite the jump in Shibarium transactions, Shiba Inu has not benefited from the renewed activity on the blockchain.
The broader cryptocurrency market experienced another sharp sell-off yesterday, dragging down several major assets, including SHIB. The token fell from an intraday high of $0.000004243 to a low of $0.000004102 before recovering slightly.
At press time, SHIB is trading at $0.000004189. Even with the rebound, the token remains down 1.28% over the past 24 hours, 8.21% over the past week, and 0.34% month-to-date.
Ecosystem Challenges Continue to Weigh on Sentiment
Meanwhile, the Shiba Inu ecosystem continues to face several challenges that have dampened investor confidence.
The ongoing bearish market has produced few positive developments for the project. Community members have also expressed concerns over the disappearance of several key team members from X, multiple ecosystem initiatives that remain unfinished, and persistently low SHIB burn activity.
Against this backdrop, Shibarium’s recent transaction rebound has fueled speculation that long-awaited positive catalysts could finally be emerging. However, the increase in network activity alone has not been enough to translate into higher SHIB prices.
Over 113B Shiba Inu Tokens Leave Exchange
Despite the weak price performance, investors continue to move SHIB off centralized exchanges.
Notably, more than 113 billion SHIB tokens have recently been withdrawn from exchanges, reducing the total exchange reserve to approximately 86.13 trillion SHIB.
Large exchange outflows are often interpreted as a sign that investors are transferring tokens into private wallets for longer-term holding rather than preparing to sell. While this trend has yet to trigger a price recovery, it suggests that some market participants remain confident in SHIB’s longer-term prospects even as the token continues to trade under bearish pressure.
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#XRP could be repeating the same price pattern that came before its massive rally in the 2017/2018 market cycle.
Latest market data suggests the asset is again moving within a symmetrical triangle, similar to the structure that eventually led to a remarkable 66,000% gain and pushed XRP to $3.31 nine years ago.
The first version of this symmetrical triangle played out over several years. Specifically, it started after XRP fell from its $0.0614 high in December 2013 and continued until the breakout in March 2017.
Once XRP broke above the pattern, an impressive rally ensued. The token climbed more than 66,000%, rising from around $0.005 in March 2017 to a peak of $3.31 in January 2018.
XRP Has Formed A Bigger Triangle
The current symmetrical triangle is larger and took much longer to develop than the previous one. Unlike the first pattern, this one has formed over an entire market cycle.
This second triangle started forming after XRP dropped from its $3.31 peak in January 2018. The asset remained inside the pattern for years before finally breaking above the upper resistance line.
XRP broke above the triangle’s main resistance line during the Trump-led November 2024 rally. The breakout triggered a strong move higher, sending the asset from about $0.5 to $3.4 by January 2018. After the rally, XRP pulled back before climbing again to a new all-time high of $3.6 in July 2025.
Notably, the rally did not continue immediately after reaching that peak. Instead, XRP entered a deep correction that brought it back toward the previous breakout area and rising macro support. This phase represents an important test of the long-term structure, as XRP currently remains in this broader downtrend.
RSI Shows Oversold Conditions
Despite the ongoing weakness, one key momentum indicator has moved into an area that previously marked strong accumulation zones.
Notably, the monthly Relative Strength Index (RSI) has dropped into oversold territory at 41.85, near levels where XRP has historically attracted long-term buying interest.
Currently, the price remains weak, market sentiment has become exhausted, and much of the previous rally has faded.
However, the broader breakout structure has not been invalidated. Importantly, traders should prepare for continued volatility, more testing of support, and a difficult path back upward instead of an immediate recovery.
History Suggests a Key Support Level
XRP’s current situation resembles what happened after the March 2017 breakout. Following that breakout, XRP dropped to $0.0075 in April 2017. The sudden decline brought the price back to the upper trendline of the triangle, allowing it to complete a successful breakout retest.
After finding support there, XRP resumed its rally and eventually reached $3.31 by January 2018. If buyers defend the present support area this time, the decline could become a normal post-breakout reset instead of the beginning of a larger structural breakdown.
The most important support zone now sits between $0.70 and $0.83, with $0.82 standing out as the key level. This area lines up with the upper trendline of the symmetrical triangle. Holding above that range would help XRP stay above the breakout level and keep the long-term bullish structure intact.
#CryptoNewss

Cardano founder Charles Hoskinson has argued that President Donald Trump should not actively participate in the cryptocurrency market while serving in office.
Hoskison’s comments came after Senator Elizabeth Warren urged lawmakers to reject the latest version of the Clarity Act, claiming it does not adequately prevent President Trump from financially benefiting from his crypto-related activities.
Warren Raises Conflict-of-Interest Concerns
According to Warren, the bill lacks sufficient safeguards to stop the president from profiting from cryptocurrency ventures while in office. She also argued that the legislation does not do enough to combat illicit finance or protect investors and the broader financial system.
Additionally, Warren described the proposal as a missed opportunity to address potential conflicts of interest involving Trump’s crypto businesses, which she claimed generated approximately $1.4 billion in revenue last year.
It is worth noting that the U.S. President is associated with several cryptocurrency ventures, including the Official Trump meme coin and the World Liberty Financial project, which have fueled broader discussions about potential conflicts of interest.
Cardano Founder Reacts
Reacting to Warren’s criticism, Hoskinson revealed that he had expressed similar concerns more than a year ago during several interviews. He argued that the political approach to cryptocurrency regulation had been misguided from the outset.
According to Hoskinson, those decisions ultimately strengthened the narrative that cryptocurrency regulation revolves around President Trump, making bipartisan cooperation increasingly difficult.
He stressed that meaningful progress cannot occur if cryptocurrency becomes a partisan political issue.
Hoskinson Calls Trump “the Ultimate Insider”
In a follow-up statement, Hoskinson argued that no sitting president should participate directly in financial markets because of the extraordinary influence and privileged access associated with the office.
He stated that the president occupies a unique position of power and information, making Trump “the ultimate insider.” Although Hoskinson acknowledged that he rarely agrees with Senator Warren, he said her concerns about presidential involvement in financial markets were justified.
He added that stronger safeguards are necessary to prevent potential conflicts of interest and preserve public confidence in cryptocurrency policymaking.
Updated Clarity Act Introduces Ethics Restrictions
Meanwhile, the Clarity Act continues to attract significant attention in Washington.
Earlier this week, Republican lawmakers introduced an updated draft of the legislation that includes a new ethics provision. The proposal would prohibit the President, Vice President, members of Congress, and their spouses from issuing or sponsoring digital assets while serving in office.
Congressional leadership is reportedly aiming to bring the bill to a Senate floor vote before the upcoming August recess. However, a packed legislative schedule and continued Democratic criticism over the strength of the ethics provisions could delay its passage.
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#Bitcoin short-term outlook is improving as mid-sized investors are not sending large amounts of BTC to exchanges.
At the same time, BlackRock’s spot Bitcoin ETF continues to see steady demand from institutional investors.
Bitcoin Exchange Inflows Remain Below Previous Sell-Off Levels
CryptoQuant analyst Amr Taha revealed Bitcoin inflows from mid-size investors remain below, or close to, the levels seen on June 22. That reduces the likelihood of a sell-off similar to previous market corrections.
On July 23, Binance recorded inflows of 3,000 BTC, down from 3,446 BTC on June 22. Coinbase received 2,600 BTC, slightly higher than its previous 2,170 BTC. Coinbase Prime recorded 1,264 BTC, below the earlier 1,560 BTC.
Combined inflows across the three platforms reached 6,864 BTC. That was slightly below the 7,176 BTC the market saw on June 22.
The gap between Binance and Coinbase also narrowed. It fell from 1,276 BTC to just 400 BTC, suggesting selling activity was spread more evenly across exchanges.
Taha said previous Bitcoin corrections in October 2025 and January 2026 were marked by sharp inflow spikes on a single exchange. Those concentrated inflows created localized selling pressure.
This time, no similar spike has appeared. According to Taha, that suggests the market is not showing the same immediate bearish setup.
With Bitcoin trading near $65,800, the restrained and balanced inflows point to limited short-term selling pressure. This may explain why Bitcoin price only dipped mildly in the past few days amid the correction that followed after its price reached $66,900 two days ago.
BlackRock’s IBIT Extends Inflow Streak
Meanwhile, institutional demand also remained strong through U.S. spot Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust (IBIT) attracted about $557 million in net inflows across four consecutive positive trading sessions between July 14 and July 21.
The fund added about $155 million on July 14, $131 million on July 17, $114 million on July 20, and $157 million on July 21. The final three sessions accounted for roughly $402 million of the total.
Demand extended beyond BlackRock. On July 20, 21Shares’ ARKB attracted about $70 million. Together, the two funds recorded roughly $184 million in inflows that day.
Consistent BTC ETF Demand Supports Bullish Outlook
Rather than focusing on a single large inflow, Taha said the more important signal is the consistency of positive ETF flows over several trading sessions.
If spot Bitcoin ETFs continue attracting capital at similar levels, it would point to sustained institutional demand. Combined with muted exchange inflows, that could reinforce the constructive outlook and ease concerns about near-term selling pressure.
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#Shiba Inu continues to trade under strong bearish pressure, with its broader market structure still pointing lower despite early signs that selling momentum may be easing.
This assessment comes from market commentator Dukes Markets Analysis, who shared the outlook in a recent TradingView publication titled “SHIB: From Meme Queen to New Historic Lows.”
Bearish Trend Remains Firmly Intact for Shiba Inu
According to Dukes, Shiba Inu remains below both its 50-day and 100-day Exponential Moving Averages (EMAs), two widely used indicators for identifying the prevailing market trend.
More importantly, the 50-day EMA continues to trade below the 100-day EMA, maintaining a bearish crossover that typically signals sellers remain in control of the market.
As long as SHIB stays beneath both moving averages, the broader technical structure continues to favor further downside. Consequently, any short-term price rebounds are likely to be corrective rallies rather than the beginning of a sustained bullish reversal.
Shiba Inu Must Reclaim a Key Resistance Level: Dukes
Despite the prevailing bearish outlook, Dukes identified $0.00000458 as the first major resistance level bulls must reclaim.
This price previously served as a strong support zone before breaking down and subsequently turning into resistance. He suggests that a decisive breakout above $0.00000458, followed by a strong daily close, would mark the first meaningful improvement in SHIB’s market structure and suggest buyers are beginning to regain control.
Until then, however, the dominant bearish trend remains unchanged.
Momentum Indicators Hint at a Potential Recovery
Although the overall trend remains negative, several momentum indicators suggest selling pressure may be easing.
The Relative Strength Index (RSI) has started to recover after previously falling into weaker territory. However, it still trades below the neutral 50 level, indicating bearish momentum continues to outweigh bullish strength despite the recent improvement.
Meanwhile, the Stochastic RSI (StochRSI), which measures the speed and momentum of price movements, continues to climb steadily without entering overbought territory. This suggests SHIB could have additional room for a short-term recovery before bullish momentum becomes overstretched.
Another Major Barrier Awaits Bulls
Even with improving momentum readings, Dukes noted that Shiba Inu’s trading volume remains relatively subdued, highlighting the lack of strong conviction from either buyers or sellers.
He emphasized that any breakout above the immediate resistance would require significantly stronger buying activity to confirm a sustainable recovery rather than another temporary bounce.
Even if SHIB successfully reclaims the $0.00000458 resistance level, Dukes believes another significant challenge lies around $0.00000520. This price marks the next major resistance zone, where sellers could once again step in and cap further gains. As a result, bulls would likely need to overcome both resistance levels before Shiba Inu can establish a more convincing medium-term recovery.
SHIB Still Trades Far Below Its Record High
At press time, Shiba Inu remained significantly below its all-time high of $0.00008845. Trading around $0.00000424, the token has declined 95.2% from its peak.
While SHIB has gained a modest 1.04% this month, it remains down 38.58% since the start of the year. The token currently ranks as the 31st-largest cryptocurrency by market capitalization, a notable decline from late 2021, when it consistently ranked among the world’s top 10 digital assets.
Meanwhile, trading activity continues to weaken, with daily volume falling 6.08% over the past 24 hours to $42.98 million, underscoring the lack of strong market participation despite tentative signs of improving momentum.
#CryptoNewsCommunity

Software developer Vincent Van Code believes the proposed CLARITY Act could have a bigger impact on XRP adoption than many people expect.
He argues that, although XRP’s legal status is clearer today, important regulatory uncertainty still remains.
In a post on X, Van Code said the 2023 district court ruling in the SEC’s case against Ripple significantly reduced legal uncertainty. Notably, the court found that XRP sales on secondary markets are not securities.
He said the ruling has already encouraged more institutional activity. It has supported the expansion of Ripple’s On-Demand Liquidity (ODL) corridors, bank pilot programs, XRP exchange-traded fund (ETF) filings, and broader custody support.
Court Ruling Reduced Risk, but Uncertainty Remains
Van Code argued that the Ripple decision is still only a federal district court ruling, not a federal law. Because of that, he said, future legal and regulatory challenges remain possible.
He noted that the SEC could take different positions in future enforcement actions. Future court decisions or changes in administration could also narrow or revisit the ruling.
According to Van Code, this uncertainty continues to concern large financial institutions. Many of them require clear statutory guidance before committing significant capital or integrating digital assets into core financial products.
CLARITY Act Could Encourage More Institutions
Van Code said the CLARITY Act is designed to address this issue by putting digital asset classifications into federal law.
He added that banks and traditional financial institutions generally follow conservative compliance standards. As a result, many remain hesitant to hold large XRP positions or build major products based only on a court ruling.
Instead, some institutions have limited their XRP involvement to lower-risk activities. These include non-custodial services, pilot programs, and experimental use cases.
If passed, the CLARITY Act could remove much of the remaining regulatory uncertainty that risk-averse institutions continue to cite. Van Code believes this could support broader institutional adoption of XRP.
However, he emphasized that this is his personal analysis. He did not suggest that the legislation would necessarily have a direct impact on XRP’s market price.
CLARITY Act Advances in Senate
A new draft of the Digital Asset Market Clarity Act is circulating in the Senate as lawmakers make a final push to pass crypto market structure legislation before the August recess.
The latest draft includes a controversial ethics provision. It would bar the president and other senior government officials from holding direct crypto investments until 2029. The Department of Justice would be responsible for enforcing the rule.
Republicans say the provision reflects an agreement with President Donald Trump. However, many Democrats argue the restriction does not go far enough. Several have not yet committed to supporting the bill.
Beyond the ethics measure, the legislation would expand consumer protections and clarify how digital assets are regulated. It would also establish rules for crypto exchanges, support tokenized securities, and preserve protections for decentralized finance (DeFi) developers. Developers who do not control customer funds would remain exempt from money transmitter rules.
Republican leaders are expected to bring the bill to the Senate floor soon. However, it will likely need at least 10 Democratic votes to clear the Senate’s 60-vote threshold.
With Congress set to begin its summer recess in August, the coming weeks are the bill’s best opportunity to advance.
#CryptoNewsCommunity

#XRP has formed an inverse head-and-shoulders pattern on the daily chart, with its completion targeting a 16% move to $1.32.
The setup comes amidst the recent price rebound. Notably, from the lows of $1.05 on July 13, XRP has rebounded nearly 8% to its current price. Chart analysis shows that this move completed a bullish formation, one that could potentially take the coin to higher prices.
XRP Inverse H&S Pattern Formation
On the daily chart, XRP has formed an inverse head-and-shoulders (H&S) pattern. The formation follows a rejection from a key support area at $1.32 in early June.
Notably, this demand zone has held XRP since the February crypto market crash, with each price weakness halting there. However, bears forced matters on June 1 and eventually pushed XRP below the support.
The consequent dip to $1.05 on June 6 started the inverse H&S pattern. There, the coin formed the left shoulder before a short-term rebound. The pattern’s head formed during the drop to $1.009 on June 26. Buying pressure stepped in to prevent a decline below the psychological $1 price mark, with XRP subsequently recovering.
The right shoulder formation built on the inverse head-and-shoulders pattern. Following the drop to $1.05 again on July 13, XRP rebounded from the support area again, confirming the bullish structure.
An inverse head-and-shoulders pattern suggests that selling pressure is declining as prices stop making lower lows. It is usually a trend reversal formation, signaling the gradual transition from a downtrend to an uptrend.
Trendline Breakout Confirms Bullish Structure
The completion of the inverse H&S formation saw XRP break above a downward-sloping trendline that has capped recoveries since May. After the high of $1.36 on May 30, XRP has made lower highs, each aligning closely with this trendline.
However, this resistance gave way on July 21 when XRP rallied approximately 3% to complete the right shoulder. This breakout confirms that momentum is now with the bulls, and its sustenance opens the path to higher prices.
The key level to watch is $1.09. As long as XRP stays above this area, the breakout and the inverse H&S pattern remain intact. Meanwhile, the upward target for the bullish formation is reclaiming $1.32, representing a 16% increase from the current price of $1.13.
XRP Whales Extensively Accumulating
Another bullish development that could fuel a price uptrend is the growing dominance of XRP whales on exchange outflows. A recent report shows that whales accounted for 77.8% of all XRP withdrawals from centralized exchanges on July 22.
Whales have a reputation for holding longer than retail. As such, when large holders increasingly shift an asset away from exchanges, it has a lasting impact on available supply. It also signals accumulation, reinforcing confidence in XRP’s future trend among key market participants.
Futures data is also showing renewed derivative interest in XRP. Over the past 3 days, traders have opened more futures positions than they have closed, with the percentage net change showing a staggering 452% increase. Inflows stand at $1.10 billion and outflows at $1.04 billion, reflecting a net inflow of $59 million.
#CryptoNewsFlash

#Ethereum is showing stronger network activity despite a relatively modest price recovery.
A sharp increase in smart contract deployments is coinciding with rising exchange liquidity and leveraged trading, according to CryptoQuant analyst CryptoOnchain.
The report notes that ETH’s price has climbed from around $1,770 to $1,903 over the past two weeks. At the same time, several key on-chain metrics are strengthening together. This combination differs from the patterns typically seen during accumulation or distribution phases.
Smart Contract Deployments Surge
CryptoOnchain reported that new smart contract deployments are about 192% above their 90-day average. Deployments also rose 57% over the past week.
According to the analyst, this trend usually reflects renewed developer activity rather than speculative trading. It can include new protocol launches, contract redeployments, or testing ahead of product releases.
The increase suggests Ethereum’s ecosystem continues to expand even as price action remains uneven.
Stablecoin Inflows and Leverage Climb
Binance has also seen a sharp increase in stablecoin inflows. The report says net stablecoin flows are nearly 370% above their three-month average, with daily inflows topping $58 million.
CryptoOnchain said the inflows suggest capital is being positioned on the exchange instead of being deployed directly on-chain.
At the same time, Binance funding rates have climbed to roughly 220% above their 90-day average. Higher funding rates typically signal stronger demand for leveraged long positions.
This means spot liquidity and derivatives activity are expanding at the same time. This setup has historically been followed by periods of elevated two-way volatility rather than a sustained move in one direction.
Low Fees and Record Staking Tighten Supply
Despite stronger developer and trading activity, Ethereum’s base-layer transactions remain inexpensive. Median transaction fees are down more than 96% from levels seen three months ago.
Meanwhile, Ethereum staking has reached a record 33.58%. As more ETH is staked, less is available for trading. That could tighten the liquid supply.
CryptoOnchain said Ethereum is currently showing an unusual combination of rising builder activity, growing exchange liquidity, and elevated leverage. The analyst believes the next major move may depend on whether funding rates cool or whether price can build on its recent breakout attempt.
ETH Price Analysis
ETH traded around $1,921 at press time after recovering 8.5% from roughly $1,770 over the previous two weeks. Notably, ETH reached an intraday high of $1,945 for the first time since June, showing signs of a potential move toward reclaiming the $2,000 level.
The surge in smart contract deployments and record staking levels point to improving network fundamentals. Meanwhile, rising stablecoin inflows suggest that fresh capital is waiting on exchanges.
However, elevated funding rates also increase the risk of sharper price swings as leveraged positions continue to build. If buyers maintain momentum and spot demand absorbs the growing leverage, Ethereum could attempt a stronger breakout above recent highs.
#CryptoNewsCommunity

#Shiba Inu is closing in on a return to the top 30 cryptocurrencies after investors withdrew billions of SHIB tokens from centralized exchanges.
It has been more than two weeks since Shiba Inu dropped out of the top 30 amid prolonged weakness across the broader crypto market. The downturn pushed SHIB to 33rd place on CoinMarketCap’s rankings, raising concerns that the token could slip even further below the top 35.
However, SHIB has defied those expectations. The token has steadily recovered and now ranks as the world’s 31st-largest cryptocurrency, putting it within striking distance of re-entering the top 30.
At the time of writing, Shiba Inu trades at $0.000004230 with a market cap of approximately $2.49 billion. It trails Tether Gold (XAUt), which currently occupies the 30th position on CoinMarketCap, by only $20 million in market value.
Exchange Outflows Reduce Immediate Selling Pressure
Shiba Inu’s recent recovery coincides with significant exchange withdrawals, a trend that typically signals reduced selling pressure.
According to CryptoQuant data, investors withdrew 235.93 billion SHIB from centralized exchanges over the past 24 hours, while 161.74 billion SHIB flowed into trading platforms. As a result, the exchange netflow stood at -74.18 billion SHIB, indicating that approximately 74.18 billion tokens left exchanges during the period.
This negative net flow suggests that investors are moving SHIB into private wallets rather than keeping the tokens on exchanges for immediate sale, potentially easing short-term selling pressure. Despite these withdrawals, exchanges still hold approximately 86.2 trillion SHIB.
Technical Outlook Remains Mixed
Although SHIB has regained momentum and moved closer to the top 30 ranking, analysts remain divided on its short-term outlook.
Recent technical analysis suggests that Shiba Inu is mirroring its 2023 price structure. Based on that pattern, analysts believe SHIB could decline by at least 20% before staging a recovery toward the $0.0000055–$0.0000056 range.
Meanwhile, on-chain data continues to paint a cautious picture. Shibarium’s daily transaction count has fallen to just 661, reflecting weaker network activity. At the same time, the SHIB burn rate has dropped sharply, declining from a recent high of 13 million burned tokens to 2.42 million.
While strong exchange outflows have helped support Shiba Inu’s recent rebound, the token still faces notable headwinds. Weakening network activity and slowing token burns could limit the pace of any sustained recovery, even as SHIB edges closer to reclaiming a place among the top 30 cryptocurrencies by market capitalization.
#CryptoNewss

Large #XRP holders are accounting for an increasingly larger share of exchange outflows, according to new data from CryptoQuant.
The trend confirms whales are playing a much bigger role in moving XRP off centralized exchanges than retail investors.
Whale Share Reaches New High
Data from CryptoQuant contributor Amr Taha shows that whale outflow dominance across all centralized exchanges (CEXs) climbed to a record 77.8% on July 22. Retail investors accounted for just 22%, the lowest share on record.
The shift is notable compared with May 6. At that time, whales represented 63% of XRP outflows, while retail investors accounted for 36%.
Since then, whale dominance has risen by 14.8 percentage points, while retail participation has fallen by about 14 percentage points.
The data suggests that large holders are increasingly driving XRP outflows, while retail investors make up a shrinking share of activity.
Binance Shows the Same Pattern
The same trend is visible on Binance, the world’s largest cryptocurrency exchange by trading volume.
Whale outflow dominance on Binance reached 71% on July 22, up from 67% on May 3. Retail dominance fell to 28.7%, compared with 32% in early May.
Binance still has a slightly larger share of retail-driven outflows than the broader market. Even so, whale participation continues to grow.
Whale Activity Spreads Across Exchanges
Whale dominance across all centralized exchanges now stands 6.8 percentage points higher than on Binance. This suggests the shift is taking place across the broader market rather than on a single exchange.
The gap between whale and retail activity has also widened. Across all exchanges, whales exceed retail participants by 55.8 percentage points. On Binance, the gap is 42.3 percentage points.
The data shows that whales are responsible for a much larger share of XRP leaving exchanges. However, it does not reveal the total amount of XRP transferred, where the tokens were sent, or whether the transfers represent accumulation, custody moves, or preparations for future transactions.
What It Could Mean for XRP
The growing share of whale outflows may indicate that large holders are moving XRP into self-custody. That could reduce the supply immediately available on exchanges.
However, the data is not inherently bullish or bearish. If whale outflows continue while exchange balances decline, XRP could benefit from lower selling pressure and stronger price support. On the other hand, if those tokens later return to exchanges, they could signal renewed selling.
Notably, this observation comes as XRP’s price climbed to $1.16 over the past day for the first time since June. However, the momentum has quickly reversed as the market cools from the ongoing relief rally. XRP is now trading at $1.13, erasing all of its gains from the past 24 hours.
#CryptonewswithJack

#Shiba Inu is showing renewed signs of weakness as its current price action closely resembles a bearish setup that unfolded in 2023.
According to analysts, Shiba Inu’s recent market structure shares a 91.2% similarity with the price pattern recorded between April and June 2023, increasing the possibility of another downside move before any meaningful recovery.
For context, SHIB has remained in a prolonged downturn since losing the critical $0.00000628 support level in May 2026. Following that rejection, SHIB has continued to print lower highs and lower lows, confirming that sellers remain firmly in control of the market.
Price Action Suggests More Downside
As the bearish momentum persists, SHIB has fallen below $0.0000042 and is now trading around $0.00000415, close to the lower boundary of its recent consolidation range.
Notably, this price structure closely mirrors SHIB’s performance between April and June 2023. During that period, the token traded sideways for several weeks before breaking lower and eventually establishing a local bottom. The current setup suggests that a similar sequence may be unfolding once again.
Based on the projected historical pattern, analysts expect SHIB could decline toward the $0.0000032–$0.0000033 support zone through late July and into August 2026. From the current price of $0.00000415, such a move would represent a decline of roughly 20%.
Recovery Remains Possible After Support Test
Despite the bearish outlook, the projected pattern also indicates that SHIB could stage a rebound after testing the expected support area.
If buyers step back into the market and overall sentiment improves, Shiba Inu could recover toward the $0.0000038–$0.0000040 range. However, a stronger bullish reversal would require SHIB to reclaim key resistance levels.
Specifically, the token would need to break above the $0.0000044–$0.0000045 resistance zone before targeting the more significant $0.0000055–$0.0000056 area.
Historical Pattern Is a Guide, Not a Guarantee
If the historical comparison continues to play out, SHIB could establish another local low before beginning a more sustained recovery. However, while the 91.2% pattern match highlights a credible short-term bearish scenario, it does not guarantee that the token will follow its 2023 trajectory exactly.
At the time of writing, Shiba Inu has posted a modest 3.23% gain over the past 24 hours and 3.69% over the past week. Trading activity has also picked up, with SHIB’s 24-hour trading volume rising 7.58% to $55.46 million. Despite the recent recovery, however, Shiba Inu remains outside the top 30 largest cryptocurrencies by market cap. The token currently ranks 32nd globally, with a market capitalization of approximately $2.46 billion.
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A recent analysis has identified that #Cardano is trending within a descending wedge, and a breakout could take the altcoin to $0.60.
Specifically, Crypto Banter’s Sheldon shared this Cardano (ADA) price analysis in a recent YouTube livestream. The analysis projected when ADA could break out of its current descending wedge to target higher prices.
Cardano In a Descending Wedge
Sheldon analyzed the 1-week ADA/USDT chart and highlighted the asset’s trend within a “very good” descending wedge. The structure’s lower support began forming from the October 10 crash low of $0.27. Meanwhile, the upper resistance started to take shape after the early December high of $0.48.
Cardano has persistently slid lower within this wedge, shuffling between the descending upper and lower boundaries. Notably, the lower support provided a strong cushion during its recent multi-year level retest. For context, ADA dropped to 2020 lows of $0.138 in June as bearish pressure intensified.
However, the wedge’s support stood strong again, sparking a 27% rebound to its current price at $0.175. Currently, the altcoin is nearing the upper resistance of the multi-month wedge.
Cardano Breakout Targets $0.5-$0.6
Notably, Sheldon highlighted $0.20 as a key level to watch if the recent resurgence persists. According to him, reclaiming and trading above this region is key. Notably, it confirms a breakout from the current wedge. From here, reclaiming levels above $0.20 requires at least a 14% increase from the current market price.
When this does happen, the analyst predicted a nice move towards the $0.50-$0.60 region, representing a 186% to 243% growth from the current price. The target aligns with price levels last seen in November 2025.
Sheldon went a step further to predict when this breakout could occur. Although ADA seems to be regaining bullish momentum, he sees the descending wedge trapping the altcoin until around September this year. This aligns with the strengthening narrative that the broader crypto market would start to sustainably recover in the last quarter of 2026.
Meanwhile, Sheldon sees the current Cardano price level appealing. He noted that it is a “good trade coming on Cardano,” particularly if it starts to move towards $0.20.
Short-Term ADA Target Is $0.25
In a separate analysis, Cardano SPO Ssebi identified an inverse head-and-shoulders pattern on the daily timeframe. The left shoulder formed at the June 6 low of $0.148, the head at $0.138 on June 25, and the right shoulder at $0.155 on July 13.
According to the analyst, the target for this setup is $0.25, representing a 43% increase from the current market price.
Notably, the bullish development hinges on Cardano continuing to trend upward and avoiding a break below levels around the right shoulder. This means that a daily close below $0.155 could invalidate this pattern.
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#XRP has reached an important resistance level after breaking above the Ichimoku Cloud on the one-hour chart amid a recent rebound push.
The breakout has improved the token’s short-term outlook, but buyers still need to push through key resistance levels before they can confirm that the recovery has more room to continue.
XRP Recovers but Meets Strong Resistance
XRP bounced back sharply after dropping to a recent swing low of $1.0826. The recovery carried the token above the Ichimoku Cloud before it met resistance around $1.13.
At the time of writing, XRP trades at $1.1311, down 0.24% over the past day. Amid this slight decline, it remains to be seen if buyers can build on the breakout or whether sellers will stop the rally.
The latest move has strengthened the short-term picture, but the broader trend still points lower. Because of that, traders have yet to treat this recovery as confirmation of a full trend reversal. The next price moves will likely show whether XRP can extend its gains or return to its earlier downtrend.
Ichimoku Cloud Shows Buyers Have the Edge
The Ichimoku indicator suggests buyers have gained control in the short term. XRP now trades above both the Tenkan-sen at $1.1240 and the Kijun-sen at $1.1114, and this shows growing buying strength. As long as the price stays above these lines, buyers keep the advantage.
However, the breakout still faces an important test. Senkou Span A sits at $1.1311, matching the current price and acting as immediate resistance.
Meanwhile, Senkou Span B stands at $1.1177, creating a key zone between $1.1177 and $1.1311. If XRP remains above this area, the breakout stays intact, and the short-term outlook remains positive.
A move back inside the cloud would weaken the current setup and increase the chances of another pullback. At the same time, the Chikou Span has not yet moved above the price levels from 26 periods ago. Until that happens, the Ichimoku signal remains positive but still lacks full confirmation.
XRP Fibonacci Levels
Elsewhere, XRP’s Fibonacci extension reveals areas traders should watch next. The nearest support levels sit at $1.1251, which marks the 0.786 retracement, and $1.1158 at the 0.618 retracement. If XRP pulls back, these levels could help slow the decline.
If selling pressure increases, the next support comes in at $1.1002 near the 0.33 retracement. This level also sits close to the Kijun-sen, which makes it an important area that could help determine whether the recent recovery remains in place.
On the upside, XRP first needs to break above the 0.888 Fibonacci level at $1.1307, which aligns with the upper edge of the Ichimoku Cloud.
A successful move above this level would bring the 1.0 extension at $1.1369 into focus. If buyers keep the momentum going, they could then target the 1.272 extension at $1.1522, followed by the 1.414 extension at $1.1602.
Even so, the resistance zone between $1.13 and $1.16 could slow the rally. Buyers will likely face fresh selling pressure throughout this range. Breaking above each level would strengthen the recovery, while rejection could send XRP back toward its nearby support levels.
XRP Momentum Slowing Down
Although XRP has recovered slightly, the Directional Movement Index suggests buying strength has started to fade. The Average Directional Index (ADX) stands at 33.6457, showing that the market still has a strong trend instead of moving sideways.
However, the positive directional indicator (+DI), which measures buying pressure, has fallen from 37 to 29.3752 over the past few hours. This drop suggests buyers have lost some momentum even though the price has held near its recent highs.
Meanwhile, the negative directional indicator (-DI) has also declined to 11.5424, showing that sellers have not yet taken control.
This leaves the market in a balanced position. Buyers still have the advantage because the +DI remains above the -DI. However, if buying pressure continues to weaken while the ADX stays high, XRP could pull back toward the support area between $1.1158 and $1.1177.
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