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Bitcoin Reclaims $107,000, But MVRV Ratio Flags Bull Market Fatigue

by admin June 26, 2025

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Despite escalating geopolitical risks in the Middle East over the past week, Bitcoin (BTC) has shown remarkable resilience, rebounding strongly from nearly $98,000 on June 21 to slightly above $107,000 at the time of writing.

Bitcoins Holds Steady But Warning Signs Emerge

Bitcoin’s stability amid heightened tensions between Israel and Iran underscores its growing maturity as a store of value. Compared to June 2024, BTC is now up by 73.7%, bolstered by rising institutional confidence in the cryptocurrency.

However, some warning signs are beginning to surface. According to a recent CryptoQuant Quicktake post by contributor Yonsei_dent, momentum in Bitcoin’s Market Value to Realized Value (MVRV) Ratio appears to be stalling.

For the uninitiated, the MVRV ratio compares Bitcoin’s current market capitalization to the value of all coins based on the price when they last moved (realized value). A high MVRV suggests the asset may be overvalued and near a market top, while a low MVRV can indicate undervaluation and a potential buying opportunity.

Historically, the slope and turning points of the MVRV’s 365-day moving average (MA) have aligned with major market cycle peaks. Currently, the slope is flattening, indicating a possible slowdown in momentum.

Source: CryptoQuant

That said, the analyst clarified this does not necessarily mean a downturn is imminent. Rather, it could indicate that the market is entering the late stages of the bull cycle, where investors tend to become more focused on capital allocation and risk management. Yonsei_dent concluded:

Historically, bull markets have often ended with explosive price surges – a “final blaze” before the peak. While tactical opportunities may remain, the long-term signals from on-chain data should not be ignored.

Meanwhile, crypto analyst Titan of Crypto predicted that BTC may be on track to reach $137,000. In a post on X, Titan pointed to a bull flag formation on the daily chart, along with an impending MACD (Moving Average Convergence Divergence) crossover – typically a bullish signal.

Source: Titan of Crypto on X

Institutional Interest In BTC Continues To Grow

While the MVRV ratio might present a pessimistic outlook for the world’s largest cryptocurrency by market cap, institutions are not too bothered by short-term technical indicators. Recent developments support this argument.

For example, Strategy CEO Michael Saylor recently made an ambitious prediction of BTC reaching as high as $21 million by 2046. Similarly, Mexico’s third-richest man recently stepped up his BTC buying activity.

Governments are also beginning to embrace Bitcoin as a strategic reserve asset. Most notably, the Texas State Government recently approved a strategic Bitcoin reserve as part of its broader financial diversification strategy.

Still, some analysts caution that in the short term, BTC could see a pullback to the $93,000 – $94,000 range. At press time, Bitcoin trades at $107,158, up 1.9% in the past 24 hours.

BTC trades at $107,158 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from CryptoQuant, X, and TradingView.com

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June 26, 2025 0 comments

Crypto Trends

Altcoins, memecoins join crypto market rally as BTC reclaims $105k

by admin June 24, 2025

The ongoing Bitcoin-led recovery is rippling through the broader crypto market, with improved investor sentiment driving gains across the altcoin and memecoin sectors.

Bitcoin (BTC) has been on an upward trend over the past 24 hours, posting an approximate 4% gain that saw the crypto giant reclaim the $105,000 mark.

As is typical in Bitcoin-led market cycles, altcoins have followed suit, capitalizing on the momentum. Ethereum (ETH), the second-largest crypto asset, outperformed Bitcoin with an 8% gain, roughly double BTC’s, now trading at $2,411 at press time.

Among the standout performers, Sei (SEI) led the market with a massive 43% gain in the past 24 hours, emerging as one of the day’s largest gainers by a wide margin. Other tokens like SUI (SUI) and Chainlink (LINK) also stood out, posting gains of up to 15% and 10% respectively in the last 24 hours.

Solana (SOL) and Avalanche (AVAX) followed suit, joining the rally with similar gains of 7.8% and 7.6% to sit at respective trading prices of $144 and $18 at press time.

XRP (XRP) and Cardano (ADA) were not left behind, each posting slightly higher gains above 8% and trading at $2.18 and $0.583.

Meanwhile, memecoins stole the spotlight with even bigger moves. Dogwifhat (WIF) jumped 25% as the strongest gainer among the coins, Popcat (POPCAT) climbed 15%, and Pepe (PEPE) rose 14%. Others including Floki (FLOKI) and Bonk (BONK) also notched double-digit gains of around 13%, placing them among the day’s top gainers.

OG memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) joined the rally as well, logging more modest but steady gains in the 8% to 10% range.

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June 24, 2025 0 comments

Bitcoin options worth nearly $3B to expire on June 13

GameFi Guides

Bitcoin reclaims $105,000 after Trump announces Israel-Iran ceasefire

by admin June 24, 2025

Bitcoin managed to reclaim its previous spot above $105,000 following a miraculous rebound as tensions cool between Israel and Iran after the U.S. ushers in a ceasefire.

According to data from crypto.news, BTC (BTC) experienced a price surge following news of a ceasefire between Israel and Iran. The largest cryptocurrency by market cap almost touched the $106,000 threshold, reaching as high as $105,927 in the past 24 hours.

At press time, BTC has gone up 3.9% and is currently trading hands at a price of $105,302. Throughout the past week, Bitcoin has suffered through the geopolitical events that have broken through between Israel, Iran and the United States. Within the past few days, BTC fell into a slump following news of the U.S. bombing three of Iran’s nuclear bases.

On June 22, BTC experienced a sharp decline, dropping well beyond it previous peak of $106,003 just two days prior. On June 23, Bitcoin reached its lowest point since May, dropping to $98,974.

Price chart for Bitcoin in the past 24 hours, June 24, 2025 | Source: crypto.news

BTC has gone down 1.2% in the past week and 3.6% in the past two weeks. The past month has seen the cryptocurrency fall by nearly 2%.

Not only that, Bitcoin’s market cap also enjoyed a 3.24% boost, climbing up to $2.09 trillion following the recent price surge. Additionally, BTC’s trading volume also saw a 6.9% increase compared to the previous day, amounting to $52.8 billion based on current market prices.

Even the wider crypto market cap has experienced a 2.1% surge after news of the ceasefire broke, amounting to $3.36 trillion.

A ceasefire signal between Israel and Iran may have eased investor concerns for now. Crypto markets often recover quickly when geopolitical fears recede. However, traders still have their eyes on the continuing conflict between Israel and Iran.

Despite the agreed upon deal between the two countries, brokered by Donald Trump and Qatar, Israel’s Defence Minister Israel Katz accused Iran of violating the ceasefire only two hours after the deal was announced.

According to the BBC, despite Iran furiously denying the accusation, Israel plans to “respond forcefully to Iran’s violation of the ceasefire with intense strikes” targeting the nation’s capital in Iran. It remains to be seen whether Israel will follow through with the threat, and how it will affect Bitcoin and the wider crypto market.

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June 24, 2025 0 comments

Crypto Trends

BTC Reclaims 100K as Markets Shrug off Iran Strike

by admin June 23, 2025

Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

As Asia begins the trading week, {{BTC}} is trading above $100,500 as the initial volatility from news over the weekend that the U.S. struck some of Iran’s nuclear facilities begins to subside.

While prices briefly dipped below six figures on Sunday in a risk-off reaction, markets have since stabilized. Equity futures are flat, and gold is up only marginally, suggesting that traders are not yet pricing in a broader escalation.

The lack of follow-through in traditional markets may reflect expectations that Iran’s response will be contained or delayed, rather than immediate and destabilizing.

Crude oil is holding its gains near $76 per barrel after spiking nearly 4% Sunday evening on fears that Iran could block the Strait of Hormuz, a key chokepoint for global oil shipments. Still, commentary from U.S. officials and muted early-week trading suggest that investors remain in a wait-and-see mode.

In crypto markets, altcoins that had mirrored BTC’s weekend drop, like ETH, XRP, and SOL, are also clawing back losses.

For now, the market appears to be treating the U.S.-Iran clash as a geopolitical flashpoint, not a structural break.

(CoinDesk)

OKX Considering U.S. IPO: Report

Crypto exchange OKX is considering a public listing in the U.S., according to a report from The Information.

Earlier this year, the exchange announced a U.S. expansion after settling with the Department of Justice over accusations that it operated in the country without a money transmitter license.

Among other crypto-linked companies, Bullish, a competitor to OKX and the parent company of CoinDesk, is also said to be considering an IPO given investors’ appetite for companies with exposure to digital assets.

OKX told CoinDesk it had no comment on the matter.

Polymarket Bettors Less Certain About Second U.S. Strike on Iran

Polymarket bettors are cooling to the idea that the U.S will hit Iran a second time before the end of the month.

The ‘yes’ side of a contract asking if the U.S. will conduct another military action on Iran by June 30 is now trading at 54%, from 74% in the hours after the initial strike on Iranian nuclear sites.

There appears to be a growing market belief that deconfliction – on both sides – is on the agenda, as evidenced by another contract asking bettors about the likelihood of Iran closing the Strait of Hormuz, which is currently trading at 49% down from 52%.

Market Movements:

BTC: Bitcoin rebounded to $101,419 after a volatile 4.5% intraday swing, finding strong support at $99,000 amid geopolitical tensions and surging institutional buying interest, according to CoinDesk Research’s technical analysis data.
ETH: Ethereum fell 2.3% to $2,237 amid U.S.-Iran tensions, breaking a six-week consolidation pattern despite over $500 million in institutional accumulation.
Gold: Bank of America analysts predict gold could hit $4,000 an ounce within a year, an 18% jump, driven less by geopolitical tensions and more by mounting U.S. fiscal debt and a global shift by central banks away from the dollar toward gold.
Nikkei 225: Asia-Pacific markets fell Monday as the U.S. strikes on Iranian nuclear sites fueled oil price spikes and fears of broader Middle East escalation, with Japan’s Nikkei 225 down 0.56%.

Elsewhere in Crypto:

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June 23, 2025 0 comments

GameFi Guides

Bitcoin Price Reclaims $110,000. Is ATH Next?

by admin June 10, 2025

Big players fueling the rally
2% chance of $150,000 in June

Bitcoin, the leading cryptocurrency by market cap, spiked to $110,587 on Monday, reaching its highest level since May 23.

The crypto king is just a step away from reaching a new all-time high. Its current lifetime peak, which was logged on May 22, currently stands at $112,000 on the Bitstamp exchange.

BTC/USD via TradingView

At press time, the leading cryptocurrency is changing hands at $109,387 after giving up some of its gains.

Big players fueling the rally

Bitcoin’s recent rally is being fueled by steady ETF flows. On Monday, these products logged $386 million in total flows, according to analytics platform SoSoValue. In a rather rare occurrence, the Fidelity Wise Origin Bitcoin Fund (FBTC) outpaced the iShares Bitcoin Trust ETF (IBIT) in terms of inflows ($173 million and 121 million, respectively).

There is also more demand from Bitcoin-buying companies, with Strategy recently expanding its coffers with a $110 million BTC purchase.

2% chance of $150,000 in June

According to Polymarket bettors, there is a 60% chance of Bitcoin hitting $115,000 during this June. There is also a 31% chance of Bitcoin surpassing the $120,000 milestone.

At the same time, the users of the popular betting site see only a 3% chance of Bitcoin surpassing $150,000 as early as this month. At the same time, there is a 38% chance of the cryptocurrency reaching the aforementioned level by the end of 2025.

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June 10, 2025 0 comments

Golden Cross could ignite rally to $4,000

GameFi Guides

Ethereum reclaims $2.7K amid rising institutional interest

by admin May 29, 2025

Ethereum has crossed $2,700 for the first time since February, rising nearly 5% over the past 24 hours to trade at $2,736 at press time.

The move extends its impressive recovery, with Ethereum (ETH) now up 53% over the past month after a rough Q1 that saw prices drop more than 45%. A major driver behind the rally appears to be growing institutional interest.

U.S. spot Ethereum exchange-traded funds have attracted $402 million in inflows over the past month, according to SoSoValue data. BlackRock’s iShares Ethereum Trust alone brought in $53 million in the past 24 hours, pushing its cumulative inflows to $4.3 billion.

Some industry leaders are now pushing for the U.S. Securities and Exchange Commission to approve staking for Ethereum ETFs. SEC Commissioner Hester Peirce recently clarified that Ethereum’s proof-of-stake functions, such as node operations and validation, are not considered securities. If ETF staking requests from companies like 21Shares are approved, more inflows could follow.

The trend is further highlighted by the large-scale ETH purchases made by institutions. Over 350,000 Ethereum, worth about $837 million, were purchased by Abraxas Capital between May 7 and May 21. In addition, the company pulled 185,000 ETH from exchanges during a 44% price increase at the beginning of May, demonstrating long-term conviction.

Earlier in April, trading firm DRW also made headlines for investing $150 million in an Ethereum ETF, surpassing its exposure to Bitcoin (BTC). In another sign of growing adoption, online gambling firm SharpLink Gaming raised $425 million on May 27, led by ConsenSys, to establish an Ethereum treasury. The news sent its stock soaring 400%, and Ethereum co-founder Joseph Lubin joined the company’s board.

On the daily chart, Ethereum is currently displaying bullish momentum as it tests the upper Bollinger Band. The price is still above the $2,573 20-day simple moving average, which has served as a crucial support level for the rally. ETH is forming a rising wedge pattern, which could indicate continuation if it breaks above the $2,800 resistance.

ETH price analysis. Credit: crypto.news

The 50-day and 100-day EMAs, as well as the majority of other significant moving averages, are flashing buy signals. The relative strength index, which is at 71.5, indicates that ETH may be approaching overbought territory. A brief pause or pullback may result from this, particularly as the market gets closer to the psychological $2,800 and $3,000 levels.

Ethereum may retest support at $2,650 or the 20-day SMA at $2,573 if it is unable to maintain above $2,700. However, a breakout above $2,800 could result in $2,900 and higher if momentum continues.

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May 29, 2025 0 comments

GameFi Guides

Jupiter rallies 15%, reclaims May highs as DeFi narrative heats up

by admin May 27, 2025

Jupiter token rebounded to its highest levels in months as traders react to the upcoming launch of a decentralized lending platform.

The Solana-based DeFi protocol Jupiter (JUP) is back in the spotlight. On Monday, May 26, Jupiter token was trading gained 15% in 24 hours. Trading at $0.61, the token rebounded to the levels last seen in March, as traders reacted to the protocol’s expansion plans.

The primary catalyst behind JUP’s rise is the anticipated launch of Jupiter Lend, a decentralized lending platform set to go live in the summer of 2025. Announced on Thursday, May 22, the platform aims to become “the most advanced money market on Solana.”

According to the protocol, Jupiter Lend will offer a loan-to-value ratio of up to 90%, significantly higher than the 75% offered by most crypto lending platforms. Platform fees are expected to be as low as 0.1%.

Jupiter rises on DeFi growth on Solana

As the largest dApp on Solana, Jupiter DEX aggregator benefits significantly from Solana’s (SOL) growing ecosystem. Notably, by July, 42% of all Solana DEX transactions are routed through Jupiter. At the same time, the platform has 95% of the DEX aggregator market share.

For this reason, the latest increase in Solana’s DeFi metrics also contributed to Jupiter’s growth. Specifically, the value of all memecoins on Solana has reached $14 billion, significantly higher than the July low of $6 million.

Solana’s network activity is also accelerating. Weekly transactions rose 7.3% to 462.5 million, while active addresses climbed above 34.7 million. Notably, Solana now processes more weekly transactions than all other chains combined. In terms of active addresses, it leads by a wide margin, with Base in second place at 9.2 million.

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May 27, 2025 0 comments

GameFi Guides

Bitcoin Reclaims $110,000, Is This Dead Cat Bounce?

by admin May 26, 2025

The price of Bitcoin (BTC) has maintained strong resilience since it dropped from its all-time high (ATH) of $111,970.17. The top coin dropped as low as $106,000 but has started staging a comeback to the $110,000 resistance level. This bounce could mean many things for the market, depending on how sustainable the growth is.

Bitcoin in price discovery

Despite the reversal recorded post-all-time high, Bitcoin is in its price discovery phase. How high it can rally remains unknown, and the timeline remains unknown. At press time, the coin was changing hands at $110,057, up by 2.2% in the past 24 hours per CoinMarketCap data.

Bitcoin Daily Price Chart. Source: CoinMarketCap

So, how high can BTC soar?

Since January, Bitcoin price has broken the ATH above $100,000 on many occasions, while the $111,000 to $112,000 range remains the level to watch, there are projections it could soar to $500,000 this year.