DrNavin

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According to BlockBeats, renowned trader Eugene Ng Ah Sio has officially closed his long position on #Ethereum (ETH) — signaling a cautious stance despite recent bullish sentiment.

🔍 On August 2, Eugene had projected:

📈 BTC entry: $113,000 (Stop-loss: <$112,000)
$BTC

📈 ETH entry: $3,500 (Stop-loss: <$3,400)
$ETH

However, with momentum around Data Availability Tech (DAT) cooling off, he’s now playing it safe — yet warns traders not to flip bearish too quickly. 👀

🔥 Eugene still sees strong structural buying interest in the market, suggesting this could be a cool-down, not a crash. Timing is everything — and emotions can be costly.

🚨 Pro Tip: Don’t chase hype. Watch the entry points. Respect the stop-loss.
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According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.72T, up by 1.03% over the last 24 hours. 
Bitcoin (BTC) traded between $113,580 and $115,000 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $114,666, up by 0.89%.
Most major cryptocurrencies by market cap are trading higher. Market outperformers include SPK, MAGIC, and KERNEL, up by 34%, 26%, and 13%, respectively.
Top stories of the day:
CFTC Launches ‘Crypto Sprint’ With SEC to Implement Trump’s Digital Asset Framework 
S&P 500 Maintains 68-Day Streak Above 20-Day Moving Average as Volatility Risks Rise 
Federal Reserve's September Rate Cut Probability Rises Amid Economic Developments 
Crypto Funding Rates Signal Market Uncertainty as Sentiment Splits Across CEXs and DEXs 
BlackRock Bitcoin ETF Poised for Dominance After SEC Boosts Options Limits 
Crypto Funds See $223M Outflows, Ending 15-Week Inflow Streak Amid Fed Hawkishness 
Trump to Announce Federal Reserve Board Nominee Soon 
U.S. Tariffs on Multiple Countries Set, No Adjustments Planned 
Ripple and SEC Lawsuit Nears Critical Deadline Amid Ongoing Legal Battle 
EU Anticipates U.S. Tariff Reductions on Automotive and Industrial Goods
 
Market movers:
ETH: $3559.21 (+2.82%)
XRP: $3.0066 (+5.29%)
BNB: $759.83 (+1.62%)
SOL: $163.53 (+1.67%)
DOGE: $0.20244 (+3.16%)
TRX: $0.3295 (+0.95%)
ADA: $0.7404 (+2.38%)
WBTC: $114558.47 (+0.85%)
XLM: $0.4149 (+9.16%)
BCH: $556.5 (+3.40%)
#BTC #ETH #BNB #XRP #ETF
$BTC
$ETH
$SPK

Market Overview
$BTC
$BITCOIN reached historic $118,856.47 on July 11, 2025, now consolidating in $117,600-$118,400 range. This represents +12% surge in five days, driven by institutional demand. Recent breakout analysis confirms strong momentum despite short-term volatility.
Key Catalysts
• Institutional Adoption: BlackRock's IBIT holds $801.1B, with ETFs absorbing BTC at 22x daily mining rate
• Technical Strength: RSI approaching overbought territory while support above $116K holds
• Regulatory Momentum: US Crypto Week (July 14-18) discussing GENIUS Act and CLARITY bill
• Derivatives Data: Long-short leverage ratio at 43.74% signals retail confidence
Trading Implications
• Target Zones: $120K breakout unlocks $138K; immediate resistance at $118.5K
• Risk Management: Possible retracement to $112K before continuation
• Community Sentiment: 89.62% bullish with price targets from $120K (near-term) to $207K (long-term)
Monitor $116K support closely – holding this level confirms bullish trajectory toward new highs.