Tag: market analysis

  • Shiba Inu in September 2026: Can SHIB Bounce Back as Burn Activity Slows and Shibarium Takes Center Stage?

    Shiba Inu in September 2026: Can SHIB Bounce Back as Burn Activity Slows and Shibarium Takes Center Stage?

    Shiba Inu (SHIB) enters September 2026 struggling to establish a clear trend as weaker meme-coin sentiment competes with continued community burn activity. SHIB remains one of the market’s largest meme tokens, but its recovery increasingly depends on broader crypto liquidity and meaningful ecosystem usage rather than burn-rate headlines alone.

    SHIB Remains Highly Volatile

    Shiba Inu trades at USD 0.000005429, down 1.6% in the last 24 hours. The token climbed 6.72% on September 5 before falling 1.72% the following day, indicating how quickly short-term momentum can reverse. This volatility is typical of meme coins, where liquidity and investor sentiment often matter more than conventional valuation metrics.

    Burn Activity Is Uneven

    Shiba Inu’s burn mechanism permanently sends tokens to inaccessible addresses, reducing circulating supply. September has already produced sharp differences between individual days. Burn-tracker data shows more than 40.6 million SHIB were removed on September 3, while September 4 and September 5 recorded only about 1.9 million and 1.38 million SHIB, respectively. Approximately 41.2 million SHIB were burned on September 7. Those spikes may appear large in percentage terms, but they remain extremely small relative to SHIB’s enormous circulating supply. Earlier in 2026, one daily burn total fell to only 936,689 SHIB as the burn rate declined by about 72%.

    Burns Alone Cannot Drive Scarcity Quickly

    The burn narrative assumes that reducing supply should increase scarcity. That works only when enough tokens are removed relative to the circulating supply and demand remains stable or increases. Removing tens of millions of SHIB sounds significant, but the token’s circulating supply remains measured in hundreds of trillions. For burns to materially transform supply economics, they would need to remain substantial for a very long period or increase dramatically.

    Shibarium Is More Important Long-Term

    The larger question is whether Shibarium can produce recurring economic activity. Payments, decentralized finance applications, token transfers, and other uses can generate demand beyond speculative trading. Investors should therefore examine active addresses, transaction volume, application liquidity, and fees rather than focusing entirely on social-media burn-rate percentages.

    Bitcoin Still Sets the Risk Environment

    Bitcoin’s approximately 30% rebound from 2026 lows has improved broader crypto sentiment, but resistance near USD 82,793 remains a notable test. Meme coins typically experience larger moves when market-wide risk appetite strengthens and sharper losses when liquidity contracts.

    Final Thoughts

    SHIB can recover in September, but slowing or inconsistent burns alone are unlikely to determine the outcome. The stronger catalysts would be sustained crypto-market liquidity, higher Shibarium usage, and renewed demand from meme-coin traders. For investors, percentage changes in burn rates can be misleading. The absolute number of tokens removed, total supply, and actual network activity provide a more useful measure of whether SHIB’s economics are genuinely improving.

    Frequently Asked Questions

    1. What is Shiba Inu trading at in September 2026?

    SHIB is trading around USD 0.000005429 and remains highly volatile. Recent daily moves show that momentum can shift quickly as meme-coin sentiment changes.

    2. Is Shiba Inu’s burn rate slowing?

    Burn activity has been uneven, with some days removing more than 40 million SHIB and others burning fewer than 2 million. Large percentage changes can therefore be misleading without looking at absolute token amounts.

    3. Can SHIB burns significantly reduce supply?

    Not quickly at current levels. SHIB’s circulating supply remains in the hundreds of trillions, so even tens of millions of burned tokens represent only a very small fraction of total supply.

    4. Why is Shibarium important for SHIB?

    Shibarium could create recurring demand through payments, DeFi applications, token transfers, and other blockchain activity. Active users, transaction volume, and liquidity may matter more long-term than burn-rate headlines.

    5. What could help SHIB recover in September?

    A stronger crypto market, higher Shibarium activity, and renewed demand for meme coins could support SHIB. Bitcoin’s performance also remains important because broader liquidity often influences speculative tokens.

  • Bitcoin Holds Below $79K as Altcoin Activity Surges: Crypto Market Roundup (September 7)

    Bitcoin Holds Below $79K as Altcoin Activity Surges: Crypto Market Roundup (September 7)

    The cryptocurrency market experienced a volatile session on September 7, with Bitcoin slipping below the $79,000 mark while altcoins, meme coins, and decentralized finance (DeFi) tokens attracted significant speculative interest. The global crypto market cap held around $2.78 trillion, with trading volumes reaching $70.6 billion in the past 24 hours. Bitcoin dominance remained elevated at 57.6%, despite a noticeable rotation into alternative assets.

    Bitcoin Near Key Support

    Bitcoin traded near $79,000 after recovering from a sharp decline following stronger-than-expected US jobs data. The $78,000–$79,000 zone emerged as critical support, with traders watching whether BTC can reclaim the $80,000 level. Institutional inflows into spot Bitcoin ETFs remained robust, attracting approximately $986.9 million in the week ending September 4.

    Ethereum, Solana, and XRP See Mixed Flows

    Ethereum hovered around $2,500, but ETF demand remained weak compared to Bitcoin. Solana saw stronger ecosystem activity, with its network upgrade scheduled for September 9—introducing larger transaction sizes—acting as a potential catalyst. XRP investment products also saw reduced institutional flows, while derivatives activity shifted toward altcoins.

    Altcoin Derivatives Overtake Bitcoin Perpetuals

    For the first time since December 2024, open interest in altcoin perpetual futures surpassed Bitcoin perpetuals. Bitcoin perpetual positions stood at approximately $23.9 billion (37% of tracked positions), while altcoin derivatives surged, increasing volatility risks. Zcash led the altcoin rally, with open interest reaching $2.4 billion and over $34 million in short positions liquidated.

    Smaller Altcoins and Meme Coins Rally

    The combined market cap of cryptocurrencies outside the top 10 exceeded $200 billion, signaling broadening participation. Solana-based DeFi tokens Raydium and Jupiter posted gains of 40% and 20%, respectively. Meme coin activity spread across Solana, BNB Chain, and Robinhood Chain, with tokens like PONS (up 180%), MARSCOIN (market cap briefly above $260 million), and MEME ($174 million cap) capturing attention.

    Macro Factors Weigh on Sentiment

    Strong US jobs data (162,000 nonfarm payrolls added in August) reduced expectations for easy monetary policy, with the probability of a Fed rate hike in September rising to 57%. Rising oil prices near $97 per barrel added inflation concerns. The Crypto Fear & Greed Index climbed to 71 (greed territory), though elevated optimism raises the risk of a correction. Key inflation data (CPI, PPI) and jobless claims due later in the week could set the next direction for crypto markets.

    Institutional Divergence Continues

    While Bitcoin ETFs dominated inflows, Ethereum, Solana, and XRP products saw steep declines in weekly flows. Altcoin derivatives open interest remains a key risk, with leveraged positions vulnerable to rapid unwinding. Token unlocks for STABLE and GMT are scheduled, potentially adding selling pressure.

    Despite the rally in altcoins and meme tokens, Bitcoin’s dominance above 57% underscores that institutional capital remains heavily concentrated in the largest cryptocurrency. Traders now await the August CPI report on September 11 for further clues on Federal Reserve policy and crypto market direction.

  • Bitcoin Eyes $75K as ETF Inflows, Macro Tailwinds and Short Squeeze Potential Build Momentum for Breakout Above $65K

    Bitcoin Eyes $75K as ETF Inflows, Macro Tailwinds and Short Squeeze Potential Build Momentum for Breakout Above $65K

    Bitcoin is once again testing a critical resistance zone, with traders watching closely to see if the world’s leading cryptocurrency can break above $65,000 and gain momentum toward the $75,000 range in the third quarter of 2026. Sustained institutional demand, improving macroeconomic conditions, and the potential for a massive short squeeze are rallying bulls, though leveraged positioning continues to pose downside risks.

    Heavy Leverage Creates Breakout Potential

    Bitcoin has traded in the $60,000–$65,000 range for over two months, leading to a buildup of leveraged positions on both sides. According to Lookonchain, a newly created wallet deposited $2.44 million in USDC into Hyperliquid with 40x leverage and initiated a short position of 1,600 BTC—worth roughly $102.6 million. The liquidation price for that position is $64,888.97, very near Bitcoin’s current trading level.

    This concentration of leverage in the $64,000–$65,000 zone increases the likelihood of sharp price moves. If Bitcoin fails to break resistance, highly leveraged long positions could be forced to unwind, adding selling pressure. However, a breakout above $65,000 could trigger a short squeeze, forcing the large short seller to cover and potentially accelerating Bitcoin’s upward momentum.

    Market sentiment remains cautious. Santiment data shows Bitcoin’s positive-to-negative social sentiment ratio dropped to 0.54 since July 31, with bearish discussions outnumbering bullish ones nearly two to one. Historically, such extreme pessimism has often preceded market recoveries.

    Macro Conditions Continue to Improve

    The macroeconomic backdrop has turned more favorable toward risk assets. Hopes of easing geopolitical tensions rose after Tehran confirmed that talks with Oman over the Strait of Hormuz were in their final stages. Lower oil prices could help relieve inflationary pressures and reduce expectations of tighter monetary policy.

    Recent U.S. economic data reinforced this outlook. The ADP report showed private-sector job growth of only 44,000 in July, well below market expectations, while the ISM Services PMI came in slightly below forecasts. Following the softer data, the CME FedWatch tool estimated the probability of a September Federal Reserve rate hike falling to around 55%, down from 67% earlier in the week.

    Institutional demand remained strong. U.S. spot Bitcoin ETFs recorded net inflows of $244.42 million on Wednesday, according to SoSoValue, marking the third consecutive day of inflows. If Bitcoin manages to breach the $65,000 resistance, continued ETF purchases and easing rate hike fears could provide further support.

    With leverage still elevated and volatility expected to rise, the general outlook points to Bitcoin moving toward the $75,000 level by the end of the third quarter, backed by a combination of macro tailwinds, consistent institutional inflows, and the possibility of a massive short squeeze.

    FAQs

    1. Why is the $65,000 level important for Bitcoin?
      The $65,000 area is a major resistance zone where both buyers and sellers have built large leveraged positions. A breakout above this level could trigger significant short liquidations and accelerate upward momentum.
    2. How could a short squeeze push Bitcoin toward $75,000?
      A large 40x leveraged short position sits near its liquidation level. If Bitcoin rises above that threshold, forced buying from short sellers could amplify the rally and drive prices higher.
    3. Why are Bitcoin ETF inflows important?
      Spot Bitcoin ETFs recorded $244.42 million in net inflows according to SoSoValue. Continued institutional buying helps support demand and can provide additional momentum during bullish market conditions.
    4. How do lower Fed rate expectations benefit Bitcoin?
      Softer U.S. economic data reduced expectations of a September Fed rate hike. Lower interest rate expectations generally improve liquidity and increase investor appetite for risk assets like Bitcoin.
    5. What are the biggest risks to Bitcoin’s bullish outlook?
      If Bitcoin fails to break above resistance, heavily leveraged long positions could be liquidated, increasing selling pressure. Broader macroeconomic uncertainty or weakening institutional demand could also limit upside momentum.
  • XRP’s Three-Month Volatility Low Raises Utility Questions as Price Holds Near $1.06

    XRP’s Three-Month Volatility Low Raises Utility Questions as Price Holds Near $1.06

    XRP has entered a notably quieter trading phase, with its 30-day realized volatility dropping to a three-month low of approximately 0.34 on Binance. According to CoinCodex, the token is currently trading near $1.06, a stabilization that follows weeks of sharper price swings.

    What Falling Realized Volatility Means for XRP

    Realized volatility measures an asset’s actual price movement over a specific period, reflecting past fluctuations rather than expected future conditions. CryptoQuant analyst Arab Chain noted that the decline indicates a clear reduction in daily price swings, describing the current action as relatively calm after a period of heightened volatility.

    The lower reading suggests that buyers and sellers have reached a temporary balance. Traders appear hesitant to open large positions until fresh information or stronger market momentum emerges.

    Traders Await the Next Market Catalyst

    Calmer markets often produce tighter ranges, weaker speculative activity, and less trading noise. However, extended volatility compression can precede a sharp move when new momentum arrives. Market participants are watching trading volume and open interest for signs that stronger participation has returned.

    Several catalysts remain in focus, including regulatory clarity in the United States, Ripple ecosystem growth, institutional adoption, derivatives positioning, macroeconomic developments, and broader crypto market sentiment. Recent attention has also been drawn to Google search results identifying XRP as a leading world bridge currency. Some analysts have discussed the possibility of a wider macro breakout and an early Wave 3 advance, though they link further gains to a sustained move above key resistance levels.

    Still, lower realized volatility offers no directional signal, as the eventual breakout could move in either direction.

    Utility Becomes the Core Value Argument

    Evernorth Chief Business Officer Sagar Shah argued that market price should not be the primary measure of XRP’s value. Speaking during a Q&A session on X, Shah said XRP is designed to move value across financial systems. While price attracts constant attention and dominates headlines, he presented utility as a stronger indicator of long-term value.

    Shah cited liquidity provision, cross-border settlement, lending, and tokenized assets as key uses within the XRP ecosystem. He emphasized that the most important signal comes from how XRP operates, rather than how it trades.

    For now, XRP remains near $1.06 while Binance realized volatility sits at a three-month low. Traders continue tracking market participation as the consolidation phase develops.

  • Bitcoin Steadies Near $64,800 as Ethereum Outshines Broader Crypto Market

    Bitcoin Steadies Near $64,800 as Ethereum Outshines Broader Crypto Market

    Bitcoin traded near $64,800 on Wednesday, supported by a six-day streak of inflows into spot Bitcoin ETFs, while Ethereum outpaced the broader market with a 2.08% gain. XRP also advanced, rising 1.90%, as investors rotated into large-cap altcoins.

    According to live data from CoinMarketCap, Bitcoin is currently trading at $64,806.54, up 0.79% over the past 24 hours. Its market cap stands near $1.3 trillion, with 24-hour trading volume at $22.47 billion. The price action remains tied to ETF demand and ongoing custody concerns stemming from the Coldcard exploit.

    Bitcoin Price Today

    Bitcoin holds near $64,800, staying range-bound between $64,000 and $65,000. Resistance sits at $65,000–$65,500, while support is near $64,000. A break above $65,000 could open a path toward $65,500, while a slip below $64,000 risks exposing support closer to $62,300.

    Analyst Insights

    CoinSwitch Markets Desk noted that BTC remained range-bound near $65,000 despite a risk-on tone across global markets. The S&P 500 extended its rally past 7,793 points, and gold jumped 2.8% to a six-week high near $4,213 an ounce. A sustained Bitcoin recovery may need stronger ETF inflows and softer Treasury yields.

    Prateek Gupta, Head of Business at Mudrex, said Bitcoin stayed inside its broad $64,000–$64,700 band. He noted that the S&P 500 closed above Bitcoin on relative performance for the first time since 2012. Long-term holders sold over 11,500 BTC this week.

    Nischal Shetty, founder of WazirX, said Bitcoin traded near $64,469, largely unmoved despite steady ETF demand. US spot Bitcoin ETFs added $211.5 million, while Ethereum ETFs drew $53.8 million in fresh inflows. CryptoQuant flagged renewed accumulation among large Bitcoin and Ethereum holders.

    Riya Sehgal, Research Analyst at Delta Exchange, said gold climbed to a seven-week high near $4,286 an ounce. Lower Treasury yields and renewed safe-haven demand drove the move. Bitcoin consolidated near $64,500, holding a constructive structure while staying above $64,000.

    Crypto Prices Today: Top 10 Coins at a Glance

    Live data sourced from CoinMarketCap as of today’s session.

    Biggest Gainers: ETH, XRP, BNB

    Ethereum led today’s session with a gain above 2%. XRP followed closely, adding nearly 1.90% through the day. BNB rounded out the top movers, supported by strong weekly momentum near 4.29%.

    Biggest Losers: Solana and Dogecoin Lag

    Solana and Dogecoin posted only marginal daily moves today. TRON stayed nearly flat, gaining just 0.12% through the session. Stablecoins USDT and USDC held their peg with barely any movement.

    Crypto News Today: Top Headlines Impacting Prices

    Coldcard Exploit Losses Widen Past $130 Million

    Galaxy Research now estimates at least 15 separate attackers are exploiting the Coldcard firmware flaw. Confirmed and suspected losses have climbed to roughly 2,055 BTC across more than 7,700 wallet addresses. Coinkite founder Rodolfo Novak apologized publicly and pledged support for affected users. Nearly 90% of the stolen Bitcoin remains untouched, suggesting attackers are holding funds rather than rushing to sell.

    Bitcoin ETFs Post a Clean Inflow Streak in August

    US spot Bitcoin ETFs have recorded zero outflow sessions so far this month, extending a six-day inflow run. BlackRock, Fidelity, and Franklin Templeton all added fresh Bitcoin exposure on August 3. Cumulative net inflows since launch have now crossed $52 billion across the fund complex. The streak follows an eight-week outflow stretch that had tested confidence in the broader ETF adoption story.

    Hashdex to Close Its Smallest Bitcoin ETF

    Hashdex confirmed it will close and liquidate the Hashdex Bitcoin ETF, trading under the DEFI ticker on NYSE Arca. Trading ends on August 17, with shareholders receiving cash payouts after liquidation. The fund held just $14.7 million in assets against BlackRock’s IBIT at over $47 billion. The closure highlights a growing gap between dominant issuers and smaller competitors in the ETF space.

    Bernstein Flags CLARITY Act Delay as a Risk Factor

    Bernstein warned that fading odds for CLARITY Act passage could pressure crypto prices as the Senate enters recess. Analysts said a failed vote may trigger an immediate negative market reaction. The firm still expects crypto markets to find a bottom and build momentum later this quarter. Policy uncertainty remains a key variable for institutional positioning heading into September trading sessions.

    Metaplanet Raises $137 Million for Its Bitcoin Treasury

    Japan’s Metaplanet confirmed a $137 million capital raise through third-party allotment to expand its Bitcoin holdings. The move follows a wider trend of public companies building corporate Bitcoin treasuries this year. Analysts see these raises as a steady demand source that runs independent of ETF flow data. Corporate accumulation in Asia continues to grow despite recent volatility across Bitcoin’s broader price structure.

    Coinbase Signals Doubts Over Senate Crypto Bill

    Coinbase indicated it may withdraw backing for the Senate’s crypto market structure bill over unresolved provisions. The exchange’s hesitation adds fresh uncertainty to an already fragile legislative timeline this month. Industry lobbying groups remain split as the bill faces recess deadlines and competing political priorities. A weaker industry coalition could complicate the bill’s passage chances ahead of the midterm election cycle.

    Investor and Market Outlook

    Bitcoin holds near $64,800 as steady ETF inflows offset lingering worries from the Coldcard exploit. A close above $65,000 could open a path toward stronger resistance near $65,500. A slip below $64,000 risks exposing support closer to $62,300.

    Ethereum and XRP remain the most responsive names to shifts in institutional risk appetite this week. Bitcoin’s next move hinges on ETF flow consistency and Senate action on the CLARITY Act. Coldcard-related fund tracing and corporate treasury announcements stand as key catalysts through the coming sessions.

    FAQs

    What is the Bitcoin price today? Bitcoin trades near $64,806.54, up 0.79% over the past 24 hours, holding steady above $64,700. Support sits close to $64,000, while resistance builds between $65,000 and $65,500 through the coming trading sessions this week.

    Why are Bitcoin ETFs seeing inflows this month? US spot Bitcoin ETFs have posted zero outflow days so far in August, extending a six-day inflow streak. BlackRock, Fidelity, and Franklin Templeton led fresh buying, pushing cumulative inflows past $52 billion since launch.

    What is the biggest crypto news today? The Coldcard exploit crossing $130 million and Bernstein’s CLARITY Act warning are shaping sentiment today. Hashdex’s ETF closure and Coinbase’s hesitation over the Senate bill add further caution across trading desks.

    Which coins are performing best today? Ethereum leads daily gains with a rise above 2%, followed closely by XRP near 1.90%. BNB also posted solid weekly momentum, while stablecoins stayed largely flat through today’s trading session.

    What should investors watch this week? Track the Senate’s recess deadline, CLARITY Act developments, and daily Bitcoin ETF flow data closely. Coldcard-related fund movements and fresh corporate treasury announcements could also shift near-term market positioning.

  • Bitcoin Faces Potential Pullback: 3 Warning Signs Investors Should Watch

    Bitcoin Faces Potential Pullback: 3 Warning Signs Investors Should Watch

    Bitcoin is trading around $64,000, up 0.56% in the last 24 hours, despite Strategy’s third Bitcoin sale this year. However, several on-chain and market signals suggest the top cryptocurrency may face additional selling pressure in the near term.

    Exchange Inflows and Miner Selling Raise Caution

    Crypto analyst Ali Martinez reports that over the past week, more than 20,000 BTC — worth over $1.2 billion — have moved toward cryptocurrency exchanges. CryptoQuant data shows exchange reserves are now roughly at 2.72 million BTC, the highest since early July.

    “When coins move onto trading platforms, it often signals rising sell-side pressure. Keep an eye on this trend,” Martinez noted.

    While higher exchange balances are often interpreted as a precursor to selling, recent security concerns surrounding the ColdCard wallet incident may also be encouraging some investors to temporarily move assets from self-custody into centralized exchanges without intending to sell.

    Another bearish signal comes from Bitcoin miners. According to Martinez, miners have sold approximately 1,774 BTC, valued at roughly $112 million, during the past week. Miner selling is often viewed as profit-taking and can increase short-term supply entering the market.

    Seasonal Trends Keep Traders on Alert

    Bitcoin’s historical performance also adds uncertainty. Market data shows the cryptocurrency has finished August in negative territory nine out of the past thirteen years, making it one of Bitcoin’s weaker seasonal months.

    Market opinions remain divided. Some analysts expect additional downside before a sustained recovery. Rekt Fencer suggested a potential bull trap could drive Bitcoin toward $30,000 later this month.

    According to Ali Martinez, a decline toward $60,000 could actually strengthen Bitcoin’s technical outlook by confirming an inverse head-and-shoulders pattern, potentially setting the stage for a rally toward $74,000. Crypto analyst MikybullCrypto also believes the bullish setup has already formed, stating, “Breakout is next. $80K is the magnet target.”

    Technical Structure

    Bitcoin price is currently hovering around $64,038 on Wednesday with a slight downward trend, trapped between a dense range of Exponential Moving Averages (EMAs). BTC is struggling to move above the 50-day EMA near $64,650.

    The Relative Strength Index (RSI) is sitting around 50.50 on the daily time frame, indicating no real conviction for an upside move today. The Moving Average Convergence Divergence (MACD) remains under the zero line, with a mild downward bias; it suggests price is still in a downtrend.

    For the upside, immediate resistance is near $64,650 at the 50-day EMA. A break above $64,650 would lift the downside pressure for a leg toward the 100-day EMA at $67,079, followed by the 200-day EMA at $72,649. On the downside, support is seen at $64,004; a break below this support could drag the asset into a deeper corrective trend.

    FAQs

    1. Why are rising Bitcoin exchange inflows considered bearish? When large amounts of Bitcoin move onto exchanges, it often signals that investors may be preparing to sell. Higher exchange balances can increase available supply, creating short-term selling pressure if demand does not keep pace.
    2. Why does miner selling affect Bitcoin’s price? Bitcoin miners periodically sell a portion of their holdings to cover operational costs or lock in profits. Increased miner selling adds fresh supply to the market, which can weigh on prices during periods of weak buying demand.
    3. What does Bitcoin’s RSI currently indicate? The Relative Strength Index (RSI) is hovering around 50.50, suggesting neutral momentum. It indicates that neither buyers nor sellers currently have strong control, leaving Bitcoin vulnerable to movement in either direction.
    4. Which technical levels should Bitcoin traders watch? Immediate resistance is near the 50-day EMA at $64,650. If Bitcoin breaks above this level, the next upside targets are the 100-day EMA near $67,079 and the 200-day EMA around $72,649. On the downside, key support lies near $64,004.
    5. Does a short-term pullback mean Bitcoin’s long-term trend has turned bearish? Not necessarily. Short-term corrections are common in crypto markets. Some analysts believe a pullback toward $60,000 could strengthen Bitcoin’s longer-term bullish structure by confirming a potential inverse head-and-shoulders pattern before another upward move.
  • Bitcoin Slides to $62,567 as Sellers Tighten Grip on Market

    Bitcoin Slides to $62,567 as Sellers Tighten Grip on Market

    Bitcoin continued its slide on August 3, 2026, trading near $62,567 after failing to hold onto recent gains. The world’s largest cryptocurrency faced renewed selling pressure, pushing it below key support levels and reinforcing bearish sentiment across the crypto market.

    Key Takeaways

    • Bitcoin remains under pressure after losing support near $63,000.
    • RSI signals oversold conditions, but no confirmed reversal has emerged.
    • Support near $62,500 remains critical for the next price move.

    Market Overview

    Earlier in the session, Bitcoin reached an intraday high close to $63,725 before sellers stepped in and erased those gains. The price later slipped below several nearby support levels and closed near the day’s low, reflecting steady bearish control. The wider crypto market also showed signs of weakness, with fresh caution across global financial markets and uncertainty around future interest rate decisions keeping traders defensive. Recent outflows from spot Bitcoin exchange-traded funds reduced buying support, while large liquidations added pressure across digital assets. Market experts also noted that August often delivers weaker performance for Bitcoin, adding another layer of caution.

    Technical Analysis: Clear Downtrend

    The latest five-minute chart presented a well-defined bearish trend. Bitcoin failed to hold its rally after touching $63,725, then formed a series of lower highs at $63,527, $63,201, and $62,913. This sequence reflected fading buying strength after every recovery attempt. Lower lows also appeared throughout the session, with every fresh decline pushing the price beneath previous support areas, confirming strong selling momentum.

    RSI Signals Oversold Conditions

    The Relative Strength Index (RSI) dropped to 27.5, while its moving average stood near 35.7. An RSI value below 30 often signals oversold conditions, meaning the recent decline was rapid. However, strong downtrends can keep the RSI below 30 for an extended period. Traders typically look for stronger confirmation before expecting a sustained recovery, and the latest chart did not show clear evidence that buyers had regained control.

    Volume Supports Bearish Trend

    Trading volume also supported the current trend. Several large red candles appeared alongside higher-than-average trading activity, suggesting active selling rather than a simple lack of buying interest. Heavy volume during a price decline often reflects strong conviction among sellers. Until buying volume returns with similar strength, the market may continue to struggle near current levels.

    Key Support and Resistance Levels

    Bitcoin’s current trading range places it close to an important support level between $62,550 and $62,600. A break below this support could trigger a move toward the next support zone at $62,400, followed by $62,250 and the ultimate psychological level at $62,000. On the upside, immediate resistance lies around $62,700, with the next significant levels at $62,900, $63,200, and the major resistance zone between $63,500 and $63,700.

    Bullish Recovery Needs Strong Confirmation

    A bullish recovery remains possible, but buyers need several positive signals. First, stable price action above $62,500 must hold. Then, a higher low would suggest selling pressure is weakening. Finally, Bitcoin needs a move above $62,900 and a successful break above $63,200 with healthy trading volume. Those developments would improve confidence and shift the short-term outlook toward a more balanced market.

    Bears Continue to Hold the Advantage

    Bearish pressure remains solid. If Bitcoin falls below $62,500, another wave of selling may emerge, with the nearest downside target near $62,250 and possibly $62,000. The overall market structure favors sellers: lower highs, lower lows, heavy selling volume, and unsatisfactory recovery attempts suggest the current trend is likely to continue. Traders are watching global economic events, Bitcoin ETF flows, and investor sentiment. As long as Bitcoin remains below the crucial resistance of $64,000, significant short-term price moves are unlikely.

    FAQs

    What is the current Bitcoin price?

    Bitcoin traded around $62,567 during the latest session.

    Why did Bitcoin decline?

    Risk-off market sentiment, ETF outflows, liquidations, and interest rate uncertainty weighed on prices.

    What is the key support level for Bitcoin?

    The immediate support zone lies between $62,550 and $62,600, followed by $62,400 and $62,000.

    What does the RSI indicate?

    The RSI stands near 27.5, signaling oversold conditions but not confirming a price reversal.

    What resistance must Bitcoin overcome?

    Bitcoin needs to reclaim $62,900, $63,200, and eventually the $63,500–$63,700 zone to improve short-term sentiment.

    Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency investments carry risk. Always conduct your own research before making any investment decisions.

  • Bitcoin Holds Above $63,800 Amid Coldcard Flaw, ETF Outflows, and Hawkish Fed

    Bitcoin Holds Above $63,800 Amid Coldcard Flaw, ETF Outflows, and Hawkish Fed

    Bitcoin traded near $63,812.96 on Tuesday, up 1.73% over the past 24 hours, as the market absorbed a mix of bearish headwinds and resilient price action. The token shrugged off a choppy start to August, with ETF outflows, a Coldcard hardware wallet firmware bug, and a hawkish Federal Reserve hold keeping sentiment cautious.

    Spot Bitcoin ETFs ended a three-week inflow streak with $61.53 million in net outflows for the week ending July 31, led by a sharp single-day withdrawal from BlackRock’s IBIT fund. Meanwhile, a firmware flaw linked to Coldcard wallets has been tied to nearly $70 million in stolen Bitcoin this month, prompting emergency firmware updates and warnings that affected holders must generate fresh recovery phrases.

    The Federal Reserve held rates steady but with a 9-3 vote split as three officials favored an increase, lifting September rate hike odds above 60%. The CLARITY Act remains stalled on the Senate calendar ahead of the August recess, with Democrats pushing for tougher ethics language. Traders now watch Friday’s jobs report for fresh direction.

    Bitcoin Price Today

    Bitcoin’s market cap stands near $1.28 trillion, with 24-hour trading volume at $26.81 billion. Analysts highlight $65,000 as key resistance, with support at $62,300 and $60,000 below.

    Analyst Insights

    Akshat Siddhant, Lead Quant Analyst at Mudrex: Bitcoin traded in the $63,000-$64,000 range amid growing macro uncertainty. A stronger yen, backed by an estimated $59 billion in intervention, has sped up carry trade unwinding. Strategy sold 1,638 BTC, its second largest sale this year. Bitcoin needs to reclaim $65,000 to lift sentiment, while $60,000 stands as major support.

    CoinSwitch Markets Desk: BTC approached $64,000 after the ISM Manufacturing PMI rose to 55.6, its highest since 2022. Sustained readings above 55 have historically coincided with strong altcoin performance. Near term, $64,000 is resistance, $63,000 is key support.

    Riya Sehgal, Research Analyst at Delta Exchange: Bitcoin holds between $63,500 and $64,000. Stronger US manufacturing data strengthens the case for the Fed to stay tight. Bitcoin needs to break and hold above $64,250 to improve momentum. Support at $62,300. ETH defends $1,820-$1,845 zone.

    Vikram Subburaj, CEO of Giottus: Bitcoin near $63,700, up 0.9%. Lower oil prices and improving global risk sentiment support the market. Weak spot demand and inconsistent ETF flows cap the recovery. Resistance at $64,000-$64,100.

    Nischal Shetty, founder of WazirX: Bitcoin gained 0.47% to around $63,602. Ethereum rose 0.34%. American Bitcoin reported record quarterly production of 932 BTC. Bitcoin futures traders watch $63,750-$64,300 recovery zone, with $63,000 as nearest support.

    Top 10 Coins at a Glance

    Biggest Gainers: Hyperliquid (+4.03%), BNB (+1%), TRON (+1%). Hyperliquid led major gainers with a daily jump, extending its strong weekly run. BNB and TRON also posted solid gains.

    Biggest Losers: Stablecoins (Tether, USDC) barely moved. Ethereum and Solana posted modest gains.

    Key Headlines Impacting Prices

    • Coldcard Firmware Flaw: A firmware bug drained nearly $70 million in Bitcoin. CEO Rodolfo Novak apologized. Emergency firmware rolled out, but affected users must generate new recovery phrases.
    • Bitcoin ETFs Snap Inflow Streak: $61.53 million in net outflows for week ending July 31. Spot Ether ETFs extended their four-week inflow streak with $27.42 million.
    • Fed Holds Rates: 9-3 vote split with three officials favoring a hike. September rate hike odds above 60%.
    • CLARITY Act Stalled: Senate recess deadline narrows legislative window. Democrats push for ethics language.
    • Strategy Sells 1,638 BTC: Second largest sale this year, adding selling pressure.
    • ISM Manufacturing PMI: Rose to 55.6 in July, highest since 2022, reducing expectations of near-term Fed cuts.

    Market Outlook

    Bitcoin holds above $63,800 as traders weigh ETF outflows, a hawkish Fed, and stalled legislation. A close above $64,250 could open a path to $65,000 resistance. A slip below $62,300 risks exposing $60,000. Next moves hinge on ETF flows, Fed rate signals, and Friday’s jobs report. The Senate recess deadline and upcoming inflation data are key catalysts.

  • Whale Accumulates $1M in Worldcoin (WLD) as Token Holds Key Support Level

    Whale Accumulates $1M in Worldcoin (WLD) as Token Holds Key Support Level

    Worldcoin (WLD) has captured market attention after a large investor, commonly referred to as a whale, accumulated 3.32 million WLD tokens worth approximately $1.028 million through a series of purchases on Binance. The tokens were acquired at an average price of roughly $0.3095, placing the buys near WLD’s critical support zone.

    Instead of executing a single large trade, the investor spread the purchases across multiple transactions over different time intervals. This strategy likely reduced slippage and allowed the wallet to build a substantial position without triggering an immediate price spike.

    Adding to the significance of the move, the same wallet had previously purchased approximately $10.41 million worth of WLD before selling nearly $10 million, generating an estimated realized profit of around $670,000. The renewed accumulation suggests the investor sees value at current levels, but broader market indicators show that one large buyer alone has not yet confirmed a recovery.

    Spot Selling Pressure Remains Strong

    Despite the million-dollar purchase, Worldcoin’s spot-market order flow remained dominated by sellers. The Spot Taker Cumulative Volume Delta (CVD) continued to show that aggressive sell orders exceeded market buys. This indicates that sellers absorbed the whale’s demand without allowing WLD to produce a significant breakout. The muted price reaction also suggests that broader market participants remain cautious and have not followed the investor with comparable buying activity.

    For a more sustainable recovery, spot buyers would need to regain control of order flow. Until then, the whale purchase may remain an isolated accumulation event rather than evidence of a market-wide shift.

    Retail Trading Activity Increases

    Retail participation rose sharply after the whale activity gained attention. The Trading Frequency Surge indicator entered the ‘Too Many Retail’ zone, signaling a rapid increase in smaller trades. Higher retail interest can help liquidity, but it may also increase short-term volatility. Retail traders tend to jump in after major wallet movements become public, so the market can react more sharply to headlines and quick shifts in mood.

    A stronger trend would likely require continued accumulation from larger investors alongside consistent spot buying, rather than a rally driven mainly by short-term retail speculation.

    WLD Holds Critical $0.30 Support

    Worldcoin stabilized near $0.30 after several weeks of declines. The token remains below the major resistance level at $0.40, but bearish momentum appears to be weakening. The Moving Average Convergence Divergence (MACD) indicator is still under its signal line, although the two lines are starting to converge. Meanwhile, the shrinking negative histogram hints that the selling push is losing steam.

    A bullish crossover, paired with WLD holding support at $0.30, could increase the recovery chances toward $0.40. However, if the price slips under $0.30, that would invalidate the setup and might drag the correction further.

    Frequently Asked Questions

    How much Worldcoin did the whale purchase?

    The investor accumulated 3.32 million WLD tokens worth approximately $1.028 million. The purchases were executed on Binance at an average price of around $0.3095.

    Why is the whale purchase considered bullish?

    The investor has a profitable history of trading WLD and appears to view current prices as attractive. However, one large purchase alone is not enough to confirm a wider market recovery.

    What does Spot Taker CVD indicate for WLD?

    Spot Taker CVD remains seller-dominant, meaning aggressive sell orders continue to exceed market buys. This suggests broader demand remains weak despite the whale’s accumulation.

    What are the key support and resistance levels for WLD?

    The major support level is around $0.30, while the immediate resistance is near $0.40. Holding support and forming a bullish MACD crossover could improve the chances of a move higher.

    Is Worldcoin ready for a rebound?

    WLD shows early signs of stabilization, including weakening bearish momentum and support near $0.30. A sustainable rebound would still require stronger spot buying and continued institutional accumulation.

  • Angel Investor Jason Calacanis Praises Solana and Bittensor as SOL Holds Key Support Level

    Angel Investor Jason Calacanis Praises Solana and Bittensor as SOL Holds Key Support Level

    Prominent angel investor Jason Calacanis has renewed his criticism of Bitcoin while praising Solana and Bittensor as projects that deliver usable products. His remarks came as SOL traded near $74 within a key weekly demand zone, with traders watching to see if support holds and whether the price can break its short-term downtrend.

    Calacanis Shifts from Solana Skepticism

    Calacanis said he would advise his brother to sell half of any Bitcoin holdings and redirect the proceeds into “productive projects” such as Solana and Bittensor. He noted that both networks are delivering new products rather than relying solely on future promises, marking a clear shift from his earlier public stance on Solana.

    In late 2024, Calacanis said he had never owned SOL and questioned whether the network offered meaningful applications beyond market speculation. He repeated that position through early 2025 while stating he owned only Bitcoin. More recently, he has pointed to entrepreneurs building on TAO and SOL, though he has not disclosed any investment in either token or any direct relationship between Solana Labs and his venture firm.

    Bitcoin Strategy Criticism Remains

    Calacanis still describes himself as a longtime Bitcoin holder, but he has repeatedly criticized Strategy (formerly MicroStrategy) co-founder Michael Saylor. He argues that Strategy has grown too influential within the Bitcoin market and distorted the broader narrative. Calacanis urges investors to buy Bitcoin directly instead of gaining exposure through Strategy shares, saying the company’s financing model creates risks that direct ownership avoids.

    He has stated he would never buy Strategy stock, even after a steep price decline, and rejected any taxpayer-funded rescue if the company faced serious financial trouble. His criticism focuses on Strategy’s financing structure rather than Bitcoin ownership itself.

    SOL Holds Weekly Demand Near $74

    Solana is trading inside a broad weekly demand zone stretching from about $64 to $75. Buyers have responded several times within that range, making the region central to the current Solana price outlook. SOL recently slipped below a previous low near $68 before recovering above it, a move that may represent a liquidity sweep.

    However, the 12-hour chart structure continues to show lower highs and a descending trendline. A decisive move above the $80 to $84 resistance area could open a path toward $92.91, then approach a market-structure level near $98. On the downside, $68.44 remains the nearest important support. A weekly close below that level could expose the lower demand area near $64, weakening the immediate bullish setup.

    Until SOL clears the descending trendline and completes a successful retest, a move toward $90 remains conditional. Another decline may also help traders assess whether the market has formed a bottom resembling Solana’s 2022 price structure.

    Conclusion

    Calacanis has shifted from questioning Solana’s utility to describing SOL and TAO as productive networks, while maintaining his criticism of Bitcoin-linked Strategy shares. For traders, SOL’s next signal depends on holding $68.44 and breaking $80–$84 before the projected move toward $90 gains confirmation.