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$184,000,000 Bitcoin Stun Coinbase Institutional as BTC Touches $106,000
Crypto Trends

$184,000,000 Bitcoin Stun Coinbase Institutional as BTC Touches $106,000

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  • $693 million in Bitcoin moved to Coinbase and new wallets
  • Large and small Bitcoin wallets surprise with behavior

While the Bitcoin price has briefly surpassed the $106,000 level, whales started showing higher activity and began moving large amounts of BTC, according to Whale Alert.

Close to two hundred million dollars has been sent to Coinbase’s institutional branch. Besides, new whales also began accumulating Bitcoin using OTC platforms.

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$693 million in Bitcoin moved to Coinbase and new wallets

Blockchain tracking platform Whale Alert, which monitors large cryptocurrency transfers and then shares the details with the community via social media, has spotted several massive Bitcoin transfers conducted over the past few hours.

Half of them were deposits to major U.S.-based crypto exchange Coinbase Institutional. Whale Alert states that 1,200 BTC and 533 BTC were transferred there within a single hour, and these crypto chunks were worth $127,221,164 and $56,532,596, together adding up to slightly more than $184,000,000.

Before that, the same source detected two even bigger transactions, as 3,179 BTC and 1,700 BTC were moved from anonymous addresses to new blockchain wallets. These crypto lumps were valued at $331,733,132 and $177,346,339, respectively. Thus, it was either whales just redistributing their Bitcoin holdings to new wallets or completely new whales accumulating BTC via OTC deals.

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Large and small Bitcoin wallets surprise with behavior

According to a recent report published by popular on-chain data aggregator Santiment, top and small Bitcoin wallet owners now seem to be moving it totally different directions. The report was published earlier today, when Bitcoin was moving in the $104,000 zone.

What Santiment called “elite” wallets (holding more than 10 Bitcoins) have begun to rapidly increase — over the past 10 days, the growth has constituted 0.15%, which is plus 231 new wallets. As for small addresses, holding between 0.001 and 10 Bitcoins, Santiment has observed a 0.15% decline as its total amount has suddenly dropped, losing 37,465 BTC wallets.

📊 Bitcoin’s elite vs. mortal wallets are moving in two different directions as its market value sits just north of $104.3K.

🐳 Wallets with 10+ $BTC: +231 Wallets in 10 Days (+0.15%)
🦐 Wallets with 0.001 to 10 $BTC: -37,465 Wallets in 10 Days (+0.15%)

When large wallets… pic.twitter.com/uhZf6rPYvq

— Santiment (@santimentfeed) June 19, 2025

This means that while retail wallets are losing confidence and exiting the market, large wallets continue accumulating. Santiment underscored that this is a definite historical sign of bullish momentum inevitably coming back to crypto markets. By now, Bitcoin has managed to retake the $106,000 mark and is trading above it.





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Golden Skyrocketing Looms, Bitcoin (BTC) to Lose $100,000?
NFT Gaming

Golden Skyrocketing Looms, Bitcoin (BTC) to Lose $100,000?

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  • Ethereum’s potential catalyst 
  • Bitcoin in danger

One of the worst technical periods in Shiba Inu’s recent history is currently underway. After declining steadily the asset is currently perilously above a fundamental support level at approximately $0.00001159. SHIB might be forced into territory not seen since early 2023 if there is a breakdown below this zone, which could lead to a steeper correction. Given the accompanying volume profile, the situation is especially dire. 

Over the past several weeks, SHIB’s trading volume has been steadily declining, indicating a troubling lack of interest from institutional and retail players. A price decline accompanied by a decline in volume is a classic indication of bearish exhaustion or abandonment rather than a healthy correction or reaccumulation. 

SHIB/USDT Chart by TradingView

The 50, 100 and 200-day EMAs are all significant moving averages that have become solid resistance zones, and SHIB is currently trading well below them. There is no obvious indication of a reversal in sight, and the declining slope of each of these averages only serves to confirm the current bearish trend.

This dire situation is also supported by the RSI, which shows that the asset is having difficulty attracting even short-term speculative interest as it hovers in oversold territory without showing any discernible bounce. More losses appear likely unless SHIB can quickly recover above the $0.00001200 barrier and regain its 50-day EMA. It is bleak because there is not any catalyst. The technical picture is getting worse, and the community seems to be getting less involved.

Ethereum’s potential catalyst 

As it lingers around important moving averages, Ethereum is once again at a technical turning point. This is in preparation for a possible golden cross, a bullish signal that could spark a significant price increase. When a shorter moving average like the 50-day EMA crosses above a longer one like the 200-day EMA, it is known as a golden cross.

Ethereum had a strong rally in May, rising from below $2,400 to almost $2,900 in a few sessions. Based on price action, it appears to be in a phase of healthy consolidation. As ETH has moved sideways since then, it has formed a flag-like structure that frequently signals the start of another upward leg, especially when supported by a technical trigger like a golden cross. 

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The recent cooling of the BTC to ETH rotation is significant because it suggests that Ethereum may be about to enter a phase of independent momentum. Since Bitcoin’s dominance has leveled off, ETH and other significant altcoins are now able to breathe easier. Now that the rotation story is less important, Ethereum can determine its course using its own technical positioning and fundamentals.

The amounts of $2,460 and $2,375 are support levels to keep an eye on; these are areas that closely match short- to mid-term EMAs and may serve as launching pads if selling pressure increases. On the plus side, a clear break above $2,800 would highlight the psychological level of $3,000 and probably lead to new technical trader inflows.

Bitcoin in danger

With traders watching for a possible decline below $100,000, the price of Bitcoin is perilously near a critical psychological and technical level. At $104,900, Bitcoin is currently trapped between thin bid support at $103,000 and liquidity at $105,000. Global macroeconomic tensions exacerbate the market’s hesitancy, which keeps volatility low and traders wary. The $105,000 mark is turning out to be a crucial turning point.

BTC has had difficulty breaking through this ceiling because it is not only psychological resistance but also the location of significant sell-side liquidity clusters. Any persistent rejection from this sector might trigger a wave of bids that could eventually reach $103,000. This narrative is further supported by local volume metrics.

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The Point of Control (PoC), as indicated by the Fixed Range Volume Profile (FRVP), is at $103,000. Throughout June, this level has served as both support and resistance. Its relevance is further highlighted by the fact that this level overlaps with the weekly composite volume profile. Bitcoin faces a significant increase in downside risk if it is unable to maintain above this zone.

Because the RSI is neutral, neither bulls nor bears have a significant advantage. The likelihood that Bitcoin will chop or bleed lower into support appears to be growing unless a clear catalyst surfaces. Furthermore, $100,000 becomes a brittle floor, if not a trapdoor, if $104,000 breaks convincingly.



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Trump slams Powell’s rate stance as BTC price flatlines
NFT Gaming

Trump slams Powell’s rate stance as BTC price flatlines

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President Trump slams Fed Chair Jerome Powell for refusing to cut interest rates, leaving America’s monetary policy unchanged again. As a result, Bitcoin has seen minimal price movement ever since.

In a recent post shared to Trump Media & Technology Group-owned social media platform Truth Social, President Donald Trump did not hold back from harshly criticizing Fed Chairman Jerome Powell’s unwavering stance towards interest rates.

“Too Late—Powell is the WORST. A real dummy, who’s costing America $Billions!” wrote Trump in his post.

Not only that, he also included a link to an article published on the National Mortgage News site, which quoted an analysis from Fannie Mae’s and Freddie Mac’s regulator who called for the Federal Reserve Chairman to quit if he continues to maintain the current interest rate.

Although the decision to keep the interest rates steady at a range of 4.25% to 4.5% range, it has left Bitcoin (BTC) at a standstill. Ever since it was announced that the Fed unanimously voted to maintain its current policy in June, Bitcoin has been stuck around the $104,000 floating around the mark, seeing weak gains of only 0.28% to as low as 0.1%.

It appears that the Fed’s cautionary stance has triggered a pause in Bitcoin’s previous rally, much to the dismay of traders and the President of the U.S. himself. In the past two weeks, the largest cryptocurrency has seen a slight increase of 0.3%.

Price chart for Bitcoin after Jerome Powell’s interest rate speech, June 19, 2025 | Source: crypto.news

Why has Jerome Powell refused to cut interest rates?

On June 18, the Federal Reserve came to a unanimous decision to maintain a “wait-and-see” approach to the current monetary stance in June.

According to a CNBC report, Federal Reserve Chair Jerome Powell said in a press conference that policymakers are “well positioned to wait” before moving further on rates. He also said that the market is beginning to see the effects of Trump’s tariffs on inflation.

“We have to learn more about tariffs. I don’t know what the right way for us to react will be,” said Jerome Powell, as quoted by CNN Business from the press conference.

“I think it’s hard to know with any confidence how we should react until we see the size of the effects,” he continued.

Maintaining interest rates in the 4.25% to 4.5% is considered restrictive by many, considering that it led to a fall in investor confidence. Moreover, Bloomberg reported that the Fed has also revised its economic growth forecast, showing a decline for 2025. Lower GDP projections could suggest less consumer spending, weaker investment, or global headwinds.

The inflation forecast for 2025 has been raised to 3%, which is above the Fed’s 2% target. This signals that inflationary pressures may be more persistent than previously expected.

After the Fed refused to cut interest rates and foreshadowed a bleaker economic outlook, the U.S. stocks took a dive.

According to a report by Reuters, the Dow Jones Industrial Average fell by 0.10% compared to the previous day. Meanwhile the S&P saw a decline of 0.03%. In contrast to the two exchanges, the Nasdaq Composite actually rose by 0.13%.

However, overall stock prices were generally higher before the Fed’s announcement.

On the crypto side of the market, the overall crypto market cap fell by 2.3% in the past 24 hours. The current crypto market cap stands at $3.3 trillion, after major tokens like Bitcoin, Ethereum (ETH) and Solana (SOL) saw declines ranging from 1.6% to 0.2%.

Even the overall crypto trading volume suffered a 15% fall following the Fed announcement, from an initial $120 billion to $101 billion on June 19.

Additionally, the CBS reported that the central bank expects inflation to worsen in the coming months. It also foresaw two interest rate cuts by the end of this year. This prediction is the same as its previous projection back in March.

“For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance,” said Jerome Powell.

The Fed’s decision goes against increasing pressures from the White House to lower interest rated by two points. Just hours before the announcement, Trump said that “stupid” Fed Chair Jerome Powell will likely keep the rates at their current levels. The remarks were part of his ongoing attacks on the Fed.



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$500M Short on BTC, SOL and ETH Pays Off with $13.3M Profit
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$500M Short on BTC, SOL and ETH Pays Off with $13.3M Profit

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UK investment firm Abraxas Capital Management has joined the long list of crypto bears as the firm bets big against leading cryptocurrencies amid the persisting crypto market turmoil, according to a recent post from Arkham Intelligence.

According to data provided by the source, Abraxas has made a big bearish move on crypto after shorting a massive $500 million on top cryptocurrencies including BTC, ETH, SOL, HYPE, and SUI.

While the crypto market has continued to trail downwards, the negative price actions appear to be in favor of investors betting against the crypto market over the last few days. Abraxas has opened significant short positions on BTC, ETH, HYPE, SOL, and SUI with $224 million, $163 million, $57 million, $44 million, and $560,000 respectively.

With the total short position on all involved cryptocurrencies hitting about $488 million, Abraxas has already amassed a massive $13.3 million profit. While the company is yet to close these positions, it appears that it is expecting the prices of these crypto tokens to continue trailing downwards in the near future.

With Abraxas committing the most funds to Bitcoin and Ethereum short positions, both accounting for more than half of the total amount shorted on all five cryptocurrencies, the move suggests that Abraxas is confident about extended volatility in Bitcoin and Ethereum, thereby preparing itself for a deeper correction.

Crypto sentiment weakens

As of June 17, the crypto market lost nearly $10 billion in its overall market capitalization as the broad crypto market bloodbath deepens. This has caused sentiment on the future prospects of leading cryptocurrencies to dampen, as investor confidence weakens.

This has seen bearish investors take charge, with those betting against crypto’s upsurge, making notable profits from their stakes.

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While the move comes amid growing uncertainty in the broad crypto market, Bitcoin and Ethereum are both struggling to maintain recent support levels, with the former noting a notable decline of 7.04% from the all-time high it achieved about a month ago.

With crypto investors increasingly staking against Bitcoin and other leading altcoins, market participants are carefully observing crucial on-chain movements to help them hedge against the soon-expected bear market.



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New Record, Bitcoin (BTC) Price Trapped Now, Here's When XRP Price Explodes
NFT Gaming

New Record, Bitcoin (BTC) Price Trapped Now, Here’s When XRP Price Explodes

by admin


  • Bitcoin possible breakout 
  • XRP aims high

Dogecoin recently set a regrettable record: the longest run of losses in its recent history, with seven consecutive red daily candles. It makes sense that many investors are alarmed by the meme coins’ dismal short-term technical outlook due to its prolonged decline.

The chart shows that DOGE has now fallen below the 50, 100 and 200 EMAs, the three main moving averages confirming a bearish bias across all of the main trend indicators. After its prior attempt to regain the $0.22 zone, the asset has been unable to sustain upward momentum and has fallen to the $0.16 area.

DOGE/USDT Chart by TradingView

The decline in trading volume is more concerning as it highlights the market’s lack of bullish commitment. Though it is not yet at the point where sharp bounces usually occur, the RSI is circling 34, which is close to the oversold zone. One possible bright spot amid all of this negativity is that Dogecoin is currently trading at a psychological support level of $0.16, which is historically high.

This range has served as a turning point on several occasions in the past, acting as support and resistance based on the mood of the market. With the larger cryptocurrency markets exhibiting slight indications of stabilization, a technical rebound is not impossible if bulls intervene.

A rebound might be possible, but it is unlikely to stop the overall trend unless it is accompanied by a sharp rise in volume and a return above the $0.18-$0.19 range. DOGE is still stuck in a bearish structure with little support until then.

Bitcoin possible breakout 

The tightening range in which Bitcoin is currently trading suggests a possible breakout that could cause a big market shift. The chart shows that Bitcoin is wedged between two important moving averages, the 50 EMA serving as support and the 26 EMA serving as resistance. As traders build up positions in expectation of a breakout, this kind of consolidation frequently occurs before a spike in market activity.

The current price action indicates selling pressure from the top, with a string of lower highs and the 50 EMA below offering a strong level of support after serving as a springboard for previous upward moves. When the market gathers momentum, this squeeze formation between convergent EMAs usually results in a strong directional move. 

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With the RSI hovering just above 50, the market is neutral — not oversold but also lacking any strong bullish momentum. Bitcoin might return to the $110,000 range if it breaks above the 26 EMA and the descending resistance trendline, which would probably indicate the return of bullish dominance.

A drop below the 50 EMA and the psychological support at about $103,000, on the other hand, might pave the way to a more severe correction toward the $98,000-$95,000 range. In general, Bitcoin is in a traditional pressure cooker configuration. Although it is currently trapped, the range is getting smaller, and a spike in volatility seems likely.

Volume confirmation and a clear break of the resistance or support lines are indicators that investors should keep an eye out for. The trend of Bitcoin into the upcoming quarter will probably be determined by whichever direction prevails.

XRP aims high

With its price action coiling into a tight symmetrical triangle, one of the most telling technical patterns when it comes to predicting volatility, XRP is getting close to a critical inflection point. A major breakout, or breakdown, is imminent, as indicated by this triangle that is made up of a sequence of lower highs and higher lows. It also shows a consistent contraction of momentum.

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With several moving averages closely encircling it, XRP is currently trading at about $2.13. Short-term bullish momentum is capped by the 26 and 50 EMAs converging above the 200 EMA (black line), which remains a strong base of support. The chart’s declining volume supports the implication of this pattern, which is that traders are holding off in anticipation of a clear move.

Symmetrical triangles usually do not show direction on their own. However, the closeness to the 200 EMA and the string of recent higher lows indicate that the bulls are still active in the case of XRP, albeit cautiously. If XRP is able to overcome the triangle’s descending upper boundary and overcome resistance at roughly $2.25-$2.28, it may spark a quick rebound back toward $2.50 and possibly higher.

Conversely, if support around $2.09-$2.10 is not maintained, there may be a deeper pullback with possible downside targets close to the $1.95-$2.00 region. Around 46, the RSI is neutral, meaning it can move either way. The main conclusion is that the volatility of XRP is compressed and getting close to a breakout point.

Regardless of who prevails in this stalemate, the price movement will almost certainly explode. Watch volume spikes for early indications of directional confirmation and be ready for increased activity.



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Bitcoin
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Bitcoin Weekly Chikou Span Says A Uptrend Is Possible, But BTC Price Could Crash To $95,000

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Technical expert Tony Severino has highlighted a bullish pattern that indicates that the BTC price could soon witness another uptrend. On the other hand, the analyst also raised the possibility of Bitcoin dropping below $100,000, with the flagship crypto reaching $95,000. 

Bitcoin Weekly Chikou Span Indicates Uptrend, But BTC Price Still At Risk

In an X post, Tony Severino highlighted the Bitcoin weekly Chikou, which he suggested paints a bullish picture for the BTC price. He noted that this pattern held a retest of support at the candlesticks, with little to no overhead resistance left. Meanwhile, the Tenkan-sen and Kijun-sen just crossed bullish. 

The technical expert remarked that the Kijun-sen is still trending sideways. However, he added that the BTC price is above both spans, which he claimed is bullish for Bitcoin. Overall, Severino opined that the weekly leans bullish for the flagship crypto. Meanwhile, he noted that this same picture leaves room for a drop to $95,000 this week, meaning anything can still happen. 

Source: Tony Severino on X

The BTC price action has been highly volatile over the last few days, thanks to the Israel-Iran tensions. Bitcoin dropped to as low as $103,000 on June 17 amid reports that the US was considering joining Israel to attack Iran. The US potentially joining Israel could further escalate tensions and spread more panic in the market, sending BTC spiraling. 

The BTC price is also on edge ahead of the FOMC meeting today. CME FedWatch data shows that there is a 99.9% chance that the Fed will keep interest rates unchanged. However, market participants are looking forward to Fed Chair Jerome Powell’s speech to get a hint of whether there will be rate cuts later in the year. The war in the Middle East is driving oil prices higher, which could lead to inflation rising again and potentially delaying a rate cut. 

BTC Needs To Hold Above $104,000

In an X post, crypto analyst Titan of Crypto indicated that the BTC price needs to hold above the major support at $104,149 for a potential bounce back. This came as part of his analysis, in which he revealed that Bitcoin has landed on a key Ichimoku support. The analyst stated that BTC is now testing the Kumo cloud and that its thickness suggests strong support. 

Crypto analyst Kevin Capital has warned market participants to remain cautious as long as the BTC price remains below $106,800 on the 3-day and weekly closes. He also alluded to the failed breakouts, indicating a top for Bitcoin, although he didn’t provide a target for how low the flagship crypto could drop.  

At the time of writing, the Bitcoin price is trading at around $105,500, down almost 2% in the last 24 hours, according to data from CoinMarketCap.

BTC trading at $105,005 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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BTC's daily chart. (TradingView/CoinDesk)
Crypto Trends

BTC Revisits 50-Day Average Support, XRP Risks DOGE-Like Bearish Shift in Momentum

by admin



This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

There is an old saying, “Once is a chance, twice is a coincidence, and a third time is a trend.”

It applies to bitcoin

right now. The cryptocurrency’s price has fallen back to its 50-day simple moving average (SMA), which offered support on two occasions this month, leading to price bounces.

Therefore, the latest re-test of the average presents an opportunity for the bulls to establish a trend in which the 50-day SMA powers new legs higher. Conversely, the fall of the 50-day SMA support could invite stronger selling pressure, potentially leading to a dip below $100,000.

At press time, the bear case appears strong due to signs of bull fatigue, as evident from the recent shallow bounces from the 50-day SMA. The first test of the average on June 5 produced a bounce from roughly $100,500 to over $10,000. However, the second test of the SMA on June 17 saw prices bounce only from $103,000 to $109,000.

The past week’s Doji candle also suggests bull fatigue above $100,000.

A high-volume move above $110,000 is needed to restore the immediate bullish outlook.

BTC’s daily chart. (TradingView/CoinDesk)

XRP headed the DOGE way?

Payments-focused cryptocurrency XRP

is trading at the lower end of the Ichimoku cloud, a momentum indicator based on several moving average variants and developed by a Japanese journalist in the 1960s.

Crossovers above and below the cloud are said to represent bullish and bearish shifts in momentum.

When an asset’s price crosses below the cloud, as dogecoin

did early this month, it typically signals a bearish trend. Traders often interpret this as a signal to consider selling or shorting the asset, especially if other macro or technical indicators confirm the signal.

XRP’s 50-day SMA has already crossed below the 200-day SMA to confirm the so-called death cross, a bearish indicator. Therefore, a potential move below the Ichimoku cloud could prove costly for the bears, potentially opening the door for a slide below $2.

XRP, DOGE price chart. (TradingView/CoinDesk)

On the charts, support is seen directly at $ 1.60, the early April low. Coins like DOGE, ADA, and LINK have dropped below their respective Ichimoku clouds in recent days, resulting in price losses.



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BTC Tops $108K on JPMorgan Crypto Filing, XRP Rallies on ETF News

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Crypto markets pushed higher on Monday as traders have shifted focus from geopolitical anxieties to crypto-related institutional developments ahead of the upcoming Federal Open Market Committee’s meeting.

Bitcoin

has risen 3.1% in the last 24 hours and is now trading for $108,600, only a couple of thousand dollars below its all-time record. It certainly wasn’t alone in its ascension. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — is up 4.3% in the same period of time, buoyed by strong performances from and chainlink , which both notched 6-7% gains, and most other tokens rising at least 3%.

A check at traditional markets shows that risk appetite has returned after last week’s jitters on Israel and Iran launching missiles. The S&P 500 and the Nasdaq indexes bounced 0.9% and 1.4%, while safe haven gold declined 1.5%.

Crypto stocks also joined the surge. Coinbase (COIN) and Circle (CRCL) closed the day 7.7% and 13% in the green. Among bitcoin miners, Bitdeer (BTDR) and Hut 8 (HUT) gained 6.9% and 5.6% respectively. Remarkably, one of the only equities in the red was Strategy (MSTR), which lost almost 0.2%, while rival bitcoin treasury companies Metaplanet rose 25% on the Japanese stock market.

Positive crypto-related news added further fuel to today’s rally: JPMorgan has filed a trademark application for a product that seeks to offer digital asset services such as trading, exchange, payment services and issuance. Meanwhile, asset manager Purpose is set to launch its spot XRP exchange-traded fund in Canada as momentum for altcoin-focused ETFs grows.

When altcoin season?

While today’s altcoin outperformance may have inspired some traders’ hope for an imminent alt season, Nansen research analyst Nicolai Søndergaard poured cold water on such expectations.

It’s still bitcoin that’s leading the market, he said, with strength often tracing back to the largest crypto’s performance.

“BTC has mostly served as a trigger for altcoins,” Søndergaard. “Some alts also do well. BTC breaks an ATH? The market likes that.” Some profits from BTC’s rise to fresh record high may have trickled down to other cryptos, while some sectors such as DeFi have enjoyed short-term bursts of outperformance.

“These have, however, not been prolonged runs for alts, and looking at the grand scheme of things, most alts have been bleeding for some time,” he said. The focus is still very much on BTC.”

Bitcoin’s strong rebound from Friday’s low could bode well for the crypto market.

Bitfinex analysts noted that the sentiment index Fear and Greed Index dropped into “Fear” territory last week, while Bitcoin’s Net Taker Volume showed aggressive selling.

“This behavior, combined with a spike in liquidations, resembles past capitulation-style setups that often mark local bottoms,” the analysts said. “If BTC can hold the $102,000-$103,000 zone, it may suggest that selling pressure is being absorbed and that the market could be primed for recovery.”

Eyes on the Fed and Powell

From a macro lens, attention is squarely on the Federal Reserve and Fed Chair Jerome Powell’s press conference.

Investors overwhelmingly expect the Fed to keep benchmark rates steady this week and the following meeting in July, according to the CME FedWatch tool, market participants will focus on Powell’s remarks about clues on how policymakers navigate inflation and job market pressures.

“Powell’s tone, not the rate decision, will drive volatility,” digital asset analytics firm Swissblock said in a Monday note. “Expect whiplash trading across commodities, yields and risk assets.”



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XRP Comes Alive in Key Reversal, Bitcoin (BTC) Gaining Peak Momentum, Solana (SOL): Head and Shoulders?
NFT Gaming

XRP Comes Alive in Key Reversal, Bitcoin (BTC) Gaining Peak Momentum, Solana (SOL): Head and Shoulders?

by admin


  • Bitcoin: Things heating up
  • Is Solana ready?

After weeks of false starts and sideways grinding, XRP has finally displayed meaningful life on the chart, posting a strong rebound and possibly paving the way for a more widespread reversal. As of press time, XRP had risen by almost 5% for the day, surpassing local resistance and setting up a breakout above the 50 EMA and the 100 EMA, two crucial moving averages. 

This newfound vigor follows a triple test of the 200 EMA, which remained a solid support level close to $2.10. The strength of each bounce has increased, indicating seller fatigue and rising buyer interest. Now that volume is increasing and the RSI is approaching bullish territory (it is currently at about 52), XRP is ready for an upward continuation if momentum continues. 

XRP/USDT Chart by TradingView

A close above the area where the 50 and 100 EMAs converge, which is situated squarely between $2.25 and $2.28, would be the most noteworthy technical milestone. A push toward the $2.50-$2.60 range, which is home to a cluster of previous rejection wicks, might be possible if that zone were decisively reclaimed. This would change the short- to medium-term structure to bullish. 

Additionally, the neckline of a larger ascending triangle that has been in place since April is a structurally significant area where this bounce occurs. If validated, that pattern points to XRP’s long-term reversal thesis and may signal the start of a fresh upward trend, which bulls have been craving in the wake of Bitcoin’s hegemony. Even though XRP is still in the woods, its pulse is more robust than it has been in weeks.

Bitcoin: Things heating up

Bitcoin is once again heating up, and it is showing indications that a move toward its all-time high (ATH) may be imminent if and only if it can overcome the final technical barrier, which is the descending trendline that has capped all of the recent highs. BTC is currently trading above $106,000, maintaining a strong hold above the 20 and 50-day key short-term EMAs and gaining steady momentum.

Since the last decline to $103,000, the price action has been volatile but bullish forming a string of higher lows. As a bullish indication that the underlying trend is still in favor of buyers, the 50 EMA keeps serving as dynamic support. Before entering overbought territory, the RSI has plenty of room to expand as it stays in the neutral zone (~53). 

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Because of the obvious descending trendline that is just above the current price range, this is not yet a full-blown breakout. This line, which was taken from the peak in early June close to $112,000, has established a ceiling that Bitcoin has precisely adhered to. Until this trendline is decisively broken, the market might stay choppy, stalling at around $110,000. The structure, however, is leaning bullish. 

The combination of rising support levels and consolidation below resistance creates a classic continuation pattern known as an ascending triangle. There is not much technically left to stop a retest of ATH territory and beyond if Bitcoin can break above $110,000 and hold. Although the tapering volume may cause some concern, a spike in trading activity as the price presses against the descending line could support the breakout scenario. 

Is Solana ready?

Solana’s chart is starting to resemble the classic head and shoulders (H&S) pattern, which is frequently linked to bearish breakdowns and trend reversals. This could be a warning to bullish traders. The structure is starting to become apparent even though the market has not confirmed the setup yet. 

According to the chart, SOL reached its peak in late May at about $170 (the head) with two lower highs at about $160 forming the shoulders on either side. The $145-$147 range, which has served as support several times over the past month, seems to be the neckline’s current range. If SOL breaks below that neckline with significant volume, we may witness a more severe short-term retracement down toward the $125-$130 range. The H&S pattern is typically a bearish reversal signal. 

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The upside potential appears limited for the time being unless bulls can mount a strong surge, as SOL has had difficulty breaking above the 100 and 200 EMAs. They are currently at $157 and $161, respectively. It is not finalized, though. If buyers are able to invalidate the neckline breach and force SOL past $162, the entire formation may be scrapped because the right shoulder is still developing.

In that case, Solana would return to its bullish stance, targeting a retest of $170 and perhaps higher. Volume is still a crucial component that is lacking; thus far there has not been a clear volume spike that would indicate a breakout or a breakdown. The RSI is neutral with a slight bearish inclination hovering just below 50.



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Saylor'S Strategy Adds $1B In Btc As Bitcoin Price Holds Steady
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Saylor’s Strategy Adds $1B in BTC as Bitcoin Price Holds Steady

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Strategy, the world’s largest corporate holder of Bitcoin, announced that it purchased another $1 billion worth of Bitcoin on Sunday, Sunday, June 15, 2025., amid the tensions in the Middle East, including an Israeli strike on Iranian nuclear sites.

Strategy buys more Bitcoin | Source: X

According to the founder, Micheal Salyor on X, Strategy bought 10,100 Bitcoin at an average price of $104,080 per coin, after Bitcoin dropped from $110,000 to a low of $103,639 during the same week. The software company now has a total Bitcoin stash of around 592,100 BTC. This is worth over $64 billion at the current rate.

This is Strategy’s second purchase this month. It has spent roughly $41.8 billion so far to build this holding, at an average of $70,666 per coin. Moreover, this new buy came just days after the company launched trading of its third Bitcoin-backed preferred stock, STRD, on the Nasdaq. 

According to the announcement, Strategy funded the bulk of the purchase using proceeds from the STRD offering. The 10% Series A Perpetual Stride Preferred Stock was issued at $100 per share, raising around $979.7 million after costs. 

The company also used funds from other share sales, including those from STRK and STRF preferred stock classes. The company used all of this money to buy more Bitcoin.

Strategy’s Bitcoin investment has gone up 19.1% this year. That’s up from 17.1% after its last buy on June 9. The company now hopes to reach a 25% gain by the end of the year. Back in May, Strategy raised this target from its original goal of 15%. For the current quarter, the investment is up 7.4%.

Meanwhile, Metaplanat, another Bitcoin Holding firm based in Japan announced just a few hours before Strategy that it also added 1,112 BTC worth $117.2 million to its holdings, This makes it a total of 10,000 BTC, which is the firm’s target for the year.

Saylor took to X to congratulate Metaplanet for the achievement. “Congratulations to @Gerovich , @DylanLeClair_ , and the entire $MTPLF team and shareholder community” he wrote.

As of the time of writing this report, Bitcoin is holding steady at around $107,700. This is a 2% increase over the last 24 hours, and it is gradually recovering since it hit its all-time high of $111,000 on May 22.

Also Read: Bitcoin Price Targets $168K on Cup-And-Handle Pattern Breakout



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