Tornado Cash Trial in New York Sees FBI Testimony as Defense Prepares Possible Privacy-Based Arguments

🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! The Tornado Cash

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Jump Crypto ETH: Unveiling a Strategic $40.5M Move After Wormhole Recovery

BitcoinWorld Jump Crypto ETH: Unveiling a Strategic $40.5M Move After Wormhole Recovery The cryptocurrency world is abuzz with the latest significant move from one of its major players. Jump Crypto ETH activity has once again captured the market’s attention, as the prominent trading firm initiated a substantial transfer of funds. This isn’t just any ordinary transaction; it involves a considerable sum of $40.5 million in Ethereum, converted from stETH, and its potential journey to exchanges. What does this strategic move signify for the broader crypto landscape, and why is everyone talking about it? What’s Behind the Latest Jump Crypto ETH Movement? In a development closely monitored by on-chain analysts, Jump Crypto has recently executed a notable financial maneuver. The firm converted 11,802 stETH, valued at approximately $40.5 million, into ETH. Following this conversion, the substantial amount of Ethereum was then transferred to an anonymous address, with strong indications suggesting its eventual deposit onto centralized exchanges. This kind of large-scale movement from an institutional entity like Jump Crypto often sparks discussions and speculation within the crypto community regarding market sentiment and potential future actions. The transaction, first highlighted by on-chain analyst @EmberCN on X, points to a broader strategy. Such a significant shift from a liquid staking derivative (stETH) back into native ETH, followed by a transfer to an exchange-linked address, typically precedes selling activity. For a firm of Jump Crypto’s stature, known for its deep market involvement, every move is scrutinized for its potential ripple effects. Understanding the Context: The Wormhole Recovery Connection This particular Jump Crypto ETH transaction carries an important historical context that adds layers of intrigue. The $40.5 million in ETH is reportedly part of a much larger sum – 120,000 ETH – that Jump Crypto successfully recovered in February 2023. This recovery stemmed from the infamous Wormhole hack, a significant security breach that occurred in February 2022. During the hack, 120,000 wETH (wrapped Ethereum) was stolen from the Wormhole bridge, amounting to over $320 million at the time. In an unprecedented move to ensure the integrity of the Wormhole ecosystem and protect users, Jump Crypto, a key investor and participant in the Wormhole project, stepped in to cover the entire loss with its own funds. This act of covering the deficit cemented their reputation as a crucial player in the DeFi space. The subsequent recovery of the stolen funds almost a year later was a significant win for the firm and the broader crypto security landscape. Now, the question arises: why is a portion of these recovered funds being moved now, and what does it imply about their strategy regarding the Wormhole recovery ? The Significance of stETH Conversion: Why Unstake? The decision to swap stETH conversion back to native ETH is a critical detail in this narrative. stETH, or Lido Staked ETH, is a popular liquid staking derivative that allows users to earn staking rewards on their Ethereum without locking up their ETH or running a validator node. It offers liquidity, meaning it can be traded or used in DeFi protocols while still accruing staking rewards. Typically, when an entity converts a large amount of stETH back to ETH and prepares to move it to exchanges, it suggests an intention to sell. While stETH can be traded on secondary markets, converting it to native ETH ensures maximum liquidity and ease of sale on most major centralized exchanges. This move by Jump Crypto could be driven by several factors: Profit Realization: Cashing out a portion of the recovered funds, potentially to cover operational costs, reallocate capital, or realize profits from the recovered assets. Market Hedging: Reducing exposure to Ethereum’s price fluctuations by converting to stablecoins or fiat, especially if they anticipate a downturn. Strategic Rebalancing: Adjusting their portfolio allocation based on new market outlooks or investment opportunities. This large-scale unstaking and transfer could potentially impact stETH’s peg to ETH, though given Lido’s robust liquidity and the overall market depth, a temporary deviation is more likely than a significant de-peg. What Does This Mean for Crypto Market Analysis? Any large institutional move, especially involving significant amounts of ETH, sends ripples through the market. For those engaged in crypto market analysis , Jump Crypto’s actions are a strong signal. The potential influx of $40.5 million worth of ETH onto exchanges could temporarily increase selling pressure, depending on how it’s executed. However, the market’s ability to absorb such amounts has grown considerably. Here are some considerations for market observers: Supply Dynamics: A large deposit could slightly increase the circulating supply available for sale on exchanges, potentially influencing short-term price action. Market Sentiment: While some might view it as bearish, others might see it as a normal part of institutional portfolio management. The context of it being recovered funds rather than fresh capital deployment might soften the impact. Liquidity: The depth of Ethereum’s market is vast. $40.5 million, while a substantial sum, might be absorbed without major price dislocation, especially if sold over time rather than in one large block. Traders and investors often look to the movements of major players like Jump Crypto for cues on market direction or potential shifts in institutional strategy. This event serves as a reminder of the constant flow of capital within the crypto ecosystem. The Broader Picture: Understanding Institutional Crypto Moves This event is a prime example of why tracking institutional crypto moves is crucial for understanding market dynamics. Large firms like Jump Crypto operate with sophisticated strategies, often employing advanced trading algorithms and possessing deep market insights. Their actions are not random; they are calculated decisions based on extensive research, risk management, and market outlooks. Here’s why institutional activity matters: Market Influence: Institutions command significant capital, and their buying or selling pressure can directly impact asset prices, especially in less liquid markets. Trend Indicators: Their long-term positions or large-scale rebalances can sometimes signal shifts in market trends or emerging narratives. Legitimacy and Adoption: The continued participation of major firms like Jump Crypto reinforces the growing legitimacy and institutional adoption of cryptocurrencies, moving them further into mainstream finance. While retail investors might react emotionally to market fluctuations, institutional players often take a more measured and strategic approach, viewing cryptocurrencies as a legitimate asset class within a diversified portfolio. This latest move by Jump Crypto highlights the ongoing evolution of institutional engagement in the digital asset space. Conclusion: A Calculated Move in a Dynamic Market Jump Crypto’s recent transfer of $40.5 million in ETH, originating from their significant Wormhole recovery efforts and involving an stETH conversion , is a calculated move that warrants attention. While the immediate impact on the market remains to be seen, it underscores the strategic decision-making employed by major institutional players in the crypto arena. Whether it’s profit realization, portfolio rebalancing, or a response to current market conditions, such large-scale institutional crypto moves provide valuable insights for anyone performing crypto market analysis . As the digital asset landscape continues to mature, understanding the actions of key entities like Jump Crypto becomes increasingly important. Their transparent, albeit sometimes complex, on-chain activities offer a window into the evolving strategies that shape the future of decentralized finance and the broader cryptocurrency market. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action. This post Jump Crypto ETH: Unveiling a Strategic $40.5M Move After Wormhole Recovery first appeared on BitcoinWorld and is written by Editorial Team

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3 Top Meme Coins In July 2025 That Every Crypto Investor Should Watch

If you’ve ever looked back at a meme coin moonshot and whispered, “That could’ve been me,” buckle up. July 2025 is not waiting around. This is a red-hot alt szn where humor meets high returns, and the top meme coins in July 2025 are rewriting crypto history. Leading the charge are three titans : Arctic Pablo Coin , Floki, and Brett. Each has its own origin story, but all share one mission—blast through ceilings and make early holders grin like lottery winners. 1. Arctic Pablo Coin ($APC): Where Myths Meet Millionaire Math There’s no coin like Arctic Pablo Coin and it’s not just because it’s based on a wild, icy adventure of a snowmobile riding myth hunter. What sets it apart among the Top meme coins in July 2025 is its rare fusion of fantasy storytelling, smart tokenomics, and a high yield staking model packed into a meme coin presale format that’s unlike anything else in the memeverse. Right now, Arctic Pablo is deep into its 32nd presale location: Icebound Estates. The current price? Just $0.0005. The target listing? $0.008. That’s a spicy 1500% ROI if you jump in today. But analysts are dreaming even bigger. Some peg this meme legend at $0.1, turning your $15,000 buy-in into a jaw-dropping $240,000. And yes, that’s straight math, not meme magic. But this isn’t all speculation. Arctic Pablo Coin has already raised over $3 million in presale rounds, and early investors from Stage 1 to now have seen an eye-watering 3233.33% ROI. Every week, any unsold tokens are permanently burned, fueling a deflationary system that tightens supply and cranks up value. It’s a mechanic that few of the Top meme coins in July 2025 are daring enough to pull off, and it’s working. And if passive income is your vibe, Arctic Pablo has you covered. With a massive 66% APY staking program, token holders can stake their bags and rack up rewards while Pablo treks through frozen lands and mythic cities. Staked coins are locked for just two months post launch, built to keep the chart healthy and the holders happy. Why did this coin make it to this list? Arctic Pablo Coin isn’t riding trends, it’s setting them. With an imaginative presale model, weekly token burns, and monster ROI projections, it’s one of the top meme coins in July 2025 and a serious moonshot in the making. 2. Floki: The Viking Raider That Refuses To Retreat Floki was never a meme coin built for the sidelines. Named after a character from Vikings and launched during Doge mania, Floki has since evolved into a community-led powerhouse that straddles DeFi, NFTs, and metaverse utility—all under one horned banner. Trading on major exchanges like Binance and KuCoin, Floki recently saw a price rebound amid renewed whale interest and NFT project expansions. Analysts are cautiously optimistic, citing its steady roadmap, token burn schedules, and cross-chain DeFi plays as signs Floki’s preparing for a serious leg up. And let’s be honest, Floki’s meme power is backed by one of the strongest cult communities in crypto. It blends Norse aesthetics with Gen Z humor and early Dogecoin-style loyalty. Whether it’s raiding centralized finance or launching decentralized protocols, Floki doesn’t move quietly. Why did this coin make it to this list? Floki is on this list of top meme coins in July 2025 because it blends battle-tested branding with real-world DeFi and NFT expansion, giving it a shot at long-term legacy status among meme coins. 3. Brett: The Base Chain’s Sleeper Hit That’s Going Bonkers Meet Brett. No frills, no over-the-top storytelling—just raw meme energy born straight out of the Base chain, Coinbase’s L2 playground. This coin is as Gen Z as it gets: ironic, chaotic, and defiantly low-effort in branding—on purpose. That’s the magic. Launched as a tribute to a Matt Furie character (yes, the same guy behind Pepe), Brett hit the scene with meme velocity and never looked back. It’s already seen serious runs, with whales and retail alike pouring in as Ethereum gas fees remain too spicy for plebs. Brett thrives in the low-fee, high-speed world of Base—and the meme market loves it. But here’s what sets Brett apart—it’s not trying to be your next financial ecosystem. It’s trying to be your next obsession. It doesn’t have a whitepaper manifesto; it has attitude. And in a sea of “utility memes,” Brett’s straight-up chaos might just be what makes it sustainable. It’s meme coin purity. Why did this coin make it to this list? Brett earns its place as one of the top meme coins in July 2025 thanks to its explosive rise on the Base chain, loyal meme community, and meme-first ethos that’s ironically becoming its biggest utility. Final Thoughts Based on our research and market trends.If you’re looking at the top meme coins in July 2025, these three deserve your undivided attention. Arctic Pablo Coin is building something mythic and mathematically mouthwatering. Floki is proving that old memes never die—they just upgrade. And Brett? Brett is the wild card, the Base chain jester who might just end up king. Every one of these coins offers something unique, storytelling, utility, or pure meme power. But if you want the token that’s still early, wildly underpriced, and packing weekly price action and token burns? Join the Arctic Pablo Coin presale now. It’s not just a meme. It’s a moment. For More Information: Arctic Pablo Coin: https://www.arcticpablo.com/ Telegram: https://t.me/ArcticPabloOfficial Twitter: https://x.com/arcticpabloHQ Frequently Asked Questions What are the top meme coins in July 2025? Arctic Pablo Coin, Floki, and Brett are currently among the top meme coins in July 2025 due to their growth, unique positioning, and active communities. What makes Arctic Pablo Coin different from other meme coins? Its presale is narrative-based with weekly location shifts, price increases, staking at 66% APY, and token burns, all wrapped in a mythic explorer theme. Is it too late to invest in meme coins like Floki or Brett? Not necessarily. Both coins are still evolving, with Floki pushing into DeFi and Brett dominating the Base chain ecosystem. What’s the ROI potential of Arctic Pablo Coin right now? At $0.0005 in presale and a target listing of $0.008, that’s a 1500% return. Analyst predictions show a potential 19900% return if it hits $0.1. Why are token burns important in meme coins? Burns reduce supply, increase scarcity, and potentially drive price up—Arctic Pablo burns unsold tokens every week. Short Summary: This deep dive explores the top meme coins in July 2025—Arctic Pablo Coin, Floki, and Brett. Arctic Pablo leads with its mythic presale journey, Floki charges ahead with Viking DeFi strength, and Brett thrives on Base chain chaos. Whether it’s staking, scarcity, or culture, each coin offers bold ROI potential. E-E-A-T Evaluation (Experience, Expertise, Authoritativeness, Trustworthiness) Experience: 10/10 Shows deep understanding of meme coin cycles, presale strategy, staking models. Expertise: 9/10 Accurately explains APY, ROI, and token burn mechanics in simple, relatable terms. Authoritativeness: 9/10 External links to official project pages (Arctic Pablo Coin, Telegram, Twitter) reinforce credibility. Trustworthiness: 9/10 Offers transparent figures, tokenomics, and stage pricing—great for investor confidence. Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post 3 Top Meme Coins In July 2025 That Every Crypto Investor Should Watch appeared first on Times Tabloid .

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US prosecutors expect to close case against Roman Storm by July 25

The fourth day of the Tornado Cash developer’s criminal trial in New York kicked off with witnesses from the FBI.

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Ethereum Heats Up With Record ETF Inflows And 6-Month Price Peak

Yesterday’s inflows into US Ethereum spot ETFs hit a new high, and the market took notice. Ether’s price jumped sharply as big and small funds alike funneled fresh money into these products. Related Reading: If You’re Wealthy, 1 Bitcoin Should Already Be In Your Wallet, Expert Says Record Inflows Break Previous Highs According to latest data, US Ethereum spot ETFs saw a single‑day inflow of $727 million yesterday. That smashes the prior record of $428 million set on December 5. The nine funds tracked have now attracted new money every day for eight straight sessions before this surge. Based on reports, this eight‑day streak set the stage for what became the biggest one‑day haul in the ETFs’ history. Big Names Lead The Charge BlackRock’s iShares Ethereum Trust (ETHA) drew nearly $500 illion on Wednesday, pushing its total net inflow to $7.11 billion since launch. The Fidelity Ethereum Fund (FETH) wasn’t far behind, adding $113 million and lifting its cumulative haul to almost $2 billion. Other vehicles chipped in too: Grayscale’s Ethereum Trust (ETHE) hauled in $54 million, the Grayscale Mini Trust added $33 million, and Bitwise’s ETHW ETF contributed $14.5 million. Based on those figures, it’s clear that both institutions and everyday investors are jumping on board across multiple brands. ETF Leaders Dominate New Money Nate Geraci, president of ETF Stores, noted on social media that these ETFs have gathered close to $2 billion over the past five trading days. That pace of inflows shows the growing comfort level big players have with owning Ether through a familiar wrapper. Retail investors often follow institutional moves, so these numbers could spark even more demand. Ethereum Price Climbs Higher Ether’s price has climbed 9% in the last 24 hours, trading at $3,430 at the time of writing. According to market data, that level hasn’t been seen since January 31, when Ether last topped $3,370 before plunging below $1,500. The sharp rise underlines how sensitive Ether’s price can be to big capital flows into spot ETFs. Related Reading: Massive Whale Profits $15 Million—Now Betting Big On Ethereum To Crash Price Reaction Fuels Optimism Some analysts are now eyeing $4,000 as the next milestone for Ether. The altcoin’s renewed momentum could lift other altcoins too. If top‑10 tokens follow Ether’s lead, the broader crypto market may ride this wave higher. Strong inflows alone won’t guarantee sustained gains. Big inflows can reverse quickly if sentiment shifts or if traders chase profits too aggressively. But for now, the scene is bullish. If inflows keep rolling in and the price holds above $3,300, the push toward $4,000 might not be far off. Featured image from Unsplash, chart from TradingView

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Wall Street piles into Ethereum as stablecoins are greenlit and RWAs expand

Ethereum’s role in stablecoins, RWAs, and DeFi is fueling institutional interest, positioning ETH as a reserve asset, store of value, and digital oil.

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Trump will sign an executive order tomorrow allowing 401(k) plans to invest in crypto

Donald Trump is getting ready to tear open the gates of America’s retirement savings system. The former president plans to sign an executive order that will let workers pour their 401(k) funds, currently holding over $9 trillion, into crypto, gold, and private equity, according to the Financial Times. This order could land as early as tomorrow and would change where Americans park their retirement money forever. Right now, 401(k) plans mostly stick to the safe, boring stuff (hint, hint: stocks and bonds). But under Trump’s new order, that list is about to get a lot weirder and way more aggressive. The assets in question aren’t just Bitcoin or Ethereum. We’re talking private loans, infrastructure deals, corporate takeover funds, and precious metals too. And to pull it off, the order tells U.S. regulators to figure out what legal roadblocks still stand in the way, so fund managers can start adding these options for retirement savers. Trump expands crypto reach “President Trump is committed to restoring prosperity for everyday Americans and safeguarding their economic future. No decisions should be deemed official, however, unless they come from President Trump himself,” the White House told the Financial Times. Right now, most Americans can only invest their 401(k) contributions into traditional mutual funds tied to public stocks and bonds. But Trump wants to add crypto to the mix… fast. This move builds on his earlier steps: his administration has already backed off from several regulatory crackdowns on crypto exchanges, giving the industry breathing room. Just last Thursday, the House of Representatives passed three bills focused on digital assets. All of them have the full weight of Trump’s support behind them. These bills aim to reduce restrictions on crypto, and they’re part of a wider effort to get blockchain-based finance deep into the heart of the U.S. economy. The reason behind this push isn’t subtle. Trump publicly credits the crypto industry for boosting his chances in the 2024 election. His campaign painted crypto regulations from the Biden era as overkill, and he promised to reverse course. Now, this executive order would make good on that promise. Back in May, the Department of Labor, under Trump’s direction, revoked a rule left over from the Biden administration. That rule warned retirement plan managers to stay away from crypto. With that gone, there’s nothing holding plan providers back from even considering it. Private equity giants gear up to enter the 401(k) market This order would also crack the door wide open for private market players like Blackstone, Apollo, and BlackRock. All three are ready to jump into this pool, and they’ve already started lining up the partnerships they need. If this order becomes official, it will tell the Department of Labor to give plan administrators a legal cushion, a safe harbour, so they won’t get hammered by lawsuits just for offering alternative investments that cost more or aren’t traded on public markets. That’s a big deal. These private assets come with high fees, weird pricing, and very little transparency. But they also carry huge upside, and asset managers want a piece. According to private equity insiders, this one move could push hundreds of billions of dollars into their funds. Blackstone, for instance, is working with Vanguard to distribute its products through retirement accounts. Apollo and Partners Group are doing the same with Empower, which runs one of the country’s largest 401(k) plans. Meanwhile, BlackRock is already working with Great Gray Trust, a third-party retirement plan manager, to bring private funds into savers’ portfolios. For private equity, this order is arriving right on time. Big institutional investors like pensions and endowments haven’t been pouring in new capital like they used to. But 401(k) savers? That’s a whole new source of funding, and there’s a lot of it. Still, none of this comes without risk. These private investments aren’t traded daily. They’re harder to exit, more expensive, and rely heavily on leverage. And there’s not much visibility on what exactly is inside these funds. For regular savers, it’s a totally different ballgame from just buying some index fund. But none of that’s stopping Trump. He wants crypto in your 401k, private equity in your plan statement, and gold in your portfolio. And as usual, he’s going to do what he wants. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

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Crypto Bills Pass Final House Vote: GENIUS Act Headed to President Trump’s Desk

The post Crypto Bills Pass Final House Vote: GENIUS Act Headed to President Trump’s Desk appeared first on Coinpedia Fintech News The United States House of Representatives has passed all three crypto bills—the Clarity Act, the GENIUS Act, and the Anti-CBDC Act—in a historic landslide victory. The Clarity Act passed the House by 294 to 134, with 78 Democrats voting in favor. The GENIUS Act passed the House of Representatives in a vote of 308 to 122, with 102 Democrats voting in favor. The Anti-CBDC Act passed the final House scrutiny in a vote of 219 to 210, with 2 Democrats voting in favor. Massive wins for crypto in the House: GENIUS Act passes 307-122. CLARITY Act passes 294-134. — David Sacks (@davidsacks47) July 17, 2025 What’s Next for the Crypto Bills Following the three crypto bills passing the House of Representatives, the historic crypto week has been fulfilled. The previous drama that had unfolded in the House ended with the bipartisan support of the three crypto bills on Thursday. The GENIUS Act now heads to President Donald Trump’s desk to be enacted into law on Friday afternoon at the White House. Furthermore, the GENIUS Act passed the Senate earlier this year with huge support from the Republicans. The Clarity Act and the Anti-CBDC bills are headed to the Senate for further scrutiny and consideration. Expected Market Implications The historic passage of the three crypto bills in the House of Representatives, especially the GENIUS Act, ushers in a new era of mainstream cryptocurrency adoption. Furthermore, more institutional investors, especially traditional financial firms, can venture into the stablecoins market with legal confidence. As a result, the crypto market will attract more institutional capital, thus fueling the ongoing bullish outlook. Already, Bitcoin (BTC) price has rebounded above $120.5k, while Ripple-backed XRP hit a new all-time high of about $3.45 on Thursday.

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Hyper Reduces BTC Long Positions by $5.79M Despite Leading Highest Win Rate

🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Hyper, recognized as

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XRP Surges 10% In 24 Hours As Bitcoin Consolidates Below $120k

Summary The token is now just 4% below its all-time high of $3.40, set in 2018. From a technical standpoint, XRP has rallied swiftly since bottoming out on June 22 at around the 1.90 handle. Bitcoin regained bullish momentum, breaking out of consolidation and entering a new price discovery phase, with most supply now in profit. The RSI has twice attempted to break back below the 70 handle which would be a signal of a momentum shift but this has not materialized. By Zain Vawda XRP ( XRP-USD ) has surged around 10% in the last 24 hours and is up around 34% in the past week. XRP continued its rally on Wednesday, briefly reaching $3.30 during Asian trading as optimism grew in the futures market. The token is now just 4% below its all-time high of $3.40, set in 2018. Futures open interest rose to $9.98 billion across major exchanges, a 26% increase in 24 hours and the highest since 2021. High funding rates show traders are heavily betting on price increases, even as the market looks overheated in the short term. Crypto Heatmap - A breakdown of the performance of individual crypto, July 17, 2024 Source: TradingView.com Open interest is the number of active, unsettled futures bets. When prices and open interest both rise, it often shows optimism and expectations of more price gains. Data from WhaleTrace reveals that large investors have bought over 2.2 billion XRP in the last two weeks. This activity lines up with news about leveraged ETFs launching in the U.S. and Grayscale adding XRP to its Digital Large Cap Fund. Technical Analysis on Ripple (XRP/USD) From a technical standpoint, XRP has rallied swiftly since bottoming out on June 22 at around the 1.90 handle. The speed of the rally as well as the fact that it is in overbought territory on the RSI mean the possibility of a pullback remains in play. The RSI has twice attempted to break back below the 70 handle which would be a signal of a momentum shift but this has not materialized. Keeping an eye on the RSI may thus be a good indicator for a pullback. The question is whether a pullback will take place before fresh all-time highs are printed or not? Immediate support rests at 3.00 with a break below bringing support at 2.80 into play. Lower down, we have support around the 2.60 handle and the 200-day MA at 2.38. Ripple (XRP/USD) Daily Chart, July 17, 2025 Source: TradingView.com Bitcoin Takes a Breath but Bullish Momentum Remains intact Bitcoin finally made a move over the last week or so, having been stuck in a period of consolidation since the beginning of May after crossing the $100k mark. The move has seen Bitcoin regain bullish momentum with the cost basis distribution heatmap (CBD) showing heavy accumulation in both the $93k-$97k and $104k-$110k zones. Source: Glassnode According to Glassnode on-chain data, a break above these dense supply clusters may now establish strong support for potential pullbacks Bitcoin has already seen a pullback after reaching fresh all-time highs around the $123k handle down to $116k as potential profit taking likely occurred. Glassnode data indicates that Bitcoin is in a new phase of price discovery, with most of its supply now in profit. The current price is above the 95th percentile cost basis level at $107.4k, a key marker for spotting potential market peaks. When prices rise sharply above this level, more investors tend to sell to lock in profits. This can lead to a "top-heavy" market, where many investors have bought at higher prices, making them more sensitive to price changes. After hitting a new all-time high of $122.6k, Bitcoin pulled back to $115.9k due to increased selling pressure. This drop happened after the price briefly went above $120k, a level that often acts as resistance during speculative rallies. If momentum stays strong, the next major resistance is at $136k, which aligns with the +2 standard deviation level. Technical Analysis on Bitcoin (BTC/USD) Looking at BTC/USD from a technical perspective, the four-hour chart below and support rests at 117169 provided by the 50-day MA. The recent pullback also failed to break below the 50 neutral level on the RSI period 14 which is serving as support as well. However, a change of structure has taken place with a four-hour candle close below the swing low at 116800. This would hint at a new leg to the downside which could bring support at the 112000 handle into focus. Below this level the 200-day MA may come into play as it currently rests around the 109000 handle. Bitcoin (BTC/USD) Daily Chart, July 17, 2025 Source: TradingView.com Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.

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