Polygon price has been in a free fall this year and is approaching its year-to-date low. Polygon ( POL ) dropped to a low of $0.1800 on Friday, July 4, down over 76% from its highest point this year. This decline has erased more than $4 billion in value, with its market cap falling from nearly $6 billion to $1.88 billion. Polygon could be on the verge of a breakout after the network flipped Ethereum ( ETH ) in terms of weekly non-fungible token sales. CryptoSlam data shows that NFT sales on the network jumped by 52% in the last seven days to $24 million, while Ethereum NFT sales fell by 5.7% to $23 million. You might also like: Why are Bitcoin and altcoins going down today? Polygon’s NFT volume was mostly driven by Courtyard, which recorded over $18 million in sales. Other top NFT collections on Polygon included DNS, with $4.9 million in sales, and OKX NFT Creation. Polygon is also gaining traction in the stablecoin sector, primarily due to Polymarket. Artemis data shows that the stablecoin supply on Polygon rose by 8.5% in the last 30 days to $2.4 billion, while the number of transactions surged by 39% to 92.6 million. Polygon’s main challenge is competition from other growing layer-2 networks. It currently holds a total value locked of over $1.2 billion, while the newly launched Unichain has already reached $1.16 billion. Base holds over $4.9 billion in TVL, and its monthly decentralized exchange volume has soared to over $28 billion. Polygon price technical analysis POL price chart | Soure: crypto.news The daily chart shows that Polygon price is gradually forming a double-bottom pattern at $0.1500, with a neckline at $0.2755, its highest level in May this year. This neckline is slightly below the 23.6% Fibonacci retracement level. POL has also formed a falling wedge pattern, a popular bullish reversal setup, defined by two descending and converging trendlines. These lines are nearing convergence, which may lead to a bullish breakout. If a breakout occurs, the initial target is the neckline at $0.2755, representing a potential 53% gain from the current level. However, a drop below the double-bottom support at $0.1500 would invalidate the bullish outlook. You might also like: Ethereum price action confirms bull trap at $2,550: major support level lost
Fundstrat co-founder and chief investment officer Tom Lee believes that the market is significantly undervaluing Ethereum ( ETH ). In a new interview with the host of the Coinage podcast, Zack Guzman, Lee says that a fair market value for ETH may be as much as $10,000, a more than 299% increase from its current value. Lee says that ETH should have a much higher value because of the market value of the projects that are being built on the layer-1 blockchain, including Circle, the issuer of the second-largest dollar-pegged stablecoin USDC and the euro-pegged Euro Coin ( EURC ). USDC and EURC were initially launched on the Ethereum blockchain. “I’ll just give you something simple to think about… Circle, which has been a very successful IPO (initial public offering), and it’s been the most successful IPO in the last few years, and it’s crypto. Crypto has been one of the best equities, and now the best IPOs. But Circle trades at around 100 times EBITDA (earnings before interest, taxes, depreciation and amortization). A 1% yield or a 1% EBITDA yield is a pretty sizable multiple. But stablecoins really operate off a layer-1. A lot of Circle operates off Ethereum. And if you look at the tech stack, typically, the more you get into that layer-1 level, the higher the multiple should be for the business, because it actually benefits from the multiple applications sitting on top of it… On that same metric, Ethereum should have a much higher multiple… Ethereum would be very undervalued if you were looking at Circle relative to layer-1. So Ethereum probably could go to $10,000 or something. If the world suddenly realized we’re going to tokenize more things, and these tokenized assets, like tokenized dollars, trade at 100 times EBITDA, what should the blockchain be valued at? ETH should maybe be worth a lot more money.” ETH is trading for $2,502 at time of writing, down 2.9% in the last 24 hours. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Timofeev Vladimir The post Fundstrat’s Tom Lee Says Ethereum Should Be ‘Worth a Lot More Money,’ Outlines ETH’s Path to $10,000 appeared first on The Daily Hodl .
US regulatory advancements are paving the way for increased adoption of decentralized finance and tokenization in traditional markets. Senator Cynthia Lummis’s new draft bill proposes significant tax reforms aimed at
Renowned XRP analyst XRPunkie has sparked renewed excitement in the crypto community with a striking technical forecast that suggests XRP is on the verge of a massive breakout. In a recent post on X, XRPunkie shared a chart showing a bullish structure forming on the XRP monthly timeframe, hinting that a “God candle ”, an exceptionally large bullish candle, may soon print. He also pinpointed key zones where investors could consider taking profit once the anticipated rally begins. Strong Technical Structure on the Monthly Chart XRPunkie’s analysis, based on the XRP/USDT monthly chart from Binance, outlines a compelling breakout pattern. After years of sideways price action and accumulation, XRP broke out of a long-term descending wedge in early 2025. This breakout propelled the price from under $0.60 to nearly $3.00 within months. Currently, XRP is consolidating above key moving averages, the 21-period EMA and the 33-period SMA, which now act as strong support levels. $XRP monthly candle. Very soon we will move away from low $2ish range. God candle printing soon. If you are still bearish on XRP, no one can help you. pic.twitter.com/YqEF1rr8fG — XRPunkie (@Shawnmark7899) July 3, 2025 The price is forming a bullish pennant, a continuation pattern that typically precedes explosive upward movement. XRPunkie emphasizes that this structure is nearing completion, with the breakout expected imminently. If confirmed, the resulting surge could lead to what he calls a “God candle,” similar to historic vertical moves seen during previous bull cycles. Projected Take-Profit Zones Using Fibonacci Extensions To guide investors on where to potentially take profits, XRPunkie highlighted Fibonacci extension levels derived from the prior breakout wave. These include the 1.618 level at $6.45, the 1.786 level at $8.90, and the 2.0 extension at $13.42. He marked this range between $6.45 and $13.42 as a strategic take-profit zone. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 These levels are not arbitrary. In past bull runs, XRP has shown a tendency to follow such extensions closely. XRPunkie suggests that as XRP moves into this range, investors may want to scale out gradually to lock in gains while still participating in the upside. Bearish Sentiment Losing Ground With XRP now trading around $2.27 and holding steady, bearish sentiment appears increasingly difficult to justify. XRPunkie was blunt in his assessment: “If you are still bearish on XRP, no one can help you.” His confidence is rooted not just in the chart pattern but in the broader momentum surrounding XRP. Several factors support the bullish outlook. Ripple’s ecosystem continues to expand with developments like the RLUSD stablecoin, growing adoption of the XRP Ledger for real-world asset tokenization, and ongoing progress in regulatory clarity following the company’s legal battles with the U.S. SEC . On-chain metrics also show rising user activity and reduced sell pressure, further strengthening the case for a rally. As XRP consolidates just above $2, the technical and fundamental indicators are aligning for what could be a historic breakout. XRPunkie’s chart points to a powerful rally, with a “God candle” possibly signaling the start of a new macro bull leg. For traders and investors, the time for positioning may be running short, as XRP prepares to enter its next major move, one that could take it well into double-digit territory. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Says XRP God Candle Is Printing Soon, Spots Where to Take Profit When the Big Rally Starts appeared first on Times Tabloid .
Institutional money has changed how crypto trades. Bitcoin and Ethereum now respond to economic news in ways that mirror traditional assets. Reports on the CPI, inflation, and interest rates move prices. This shift means macroeconomic indicators are no longer optional for crypto traders. They are part of the core playbook. This article explains how official data on inflation, central bank rates, and crypto-specific indicators like Bitcoin dominance can help anticipate market trends. The analysis draws on macro releases, crypto charts, and research from large trading desks. The goal is not to predict exact moves but to offer a practical guide to understanding how broader economic trends shape crypto performance. Inflation and Bitcoin: CPI’s Growing Grip on Crypto Inflation started rising sharply in early 2022. The Consumer Price Index , reported by the Bureau of Labor Statistics, reached nine percent year-over-year in June. Bitcoin fell six percent within three days of that release. Investors moved out of risk assets, expecting tighter financial conditions. This pattern continued through 2023 and 2024. When CPI came in lower than forecasts, Bitcoin often rebounded. For example, in November 2022, the month-over-month print was 0.1 percent against a forecast of 0.3 percent. Bitcoin gained nearly four percent within two days. CPI for all items rises 0.1% in May; shelter up #BLSData https://t.co/dJyJeKmvth — BLS-Labor Statistics (@BLS_gov) June 11, 2025 This repeated reaction suggests Bitcoin now trades more like tech stocks. It does not act like a hedge against inflation in the short term. Instead, it follows interest rate expectations. If inflation readings push the Federal Reserve toward cuts, traders often rotate into crypto. If inflation jumps, traders exit fast. CPI for May 2025 showed price growth slowing toward the Federal Reserve’s target. If that trend continues, investors may add risk again. However, if energy costs or wages lift inflation above forecasts, expectations may shift back toward tightening. Traders will likely adjust positions in Bitcoin and Ethereum based on these releases. CPI releases now act as drivers of short-term price direction. Fed Rates and Ethereum: Liquidity Cycles in Action The Federal Reserve began raising interest rates in March 2022. That cycle lasted until mid-2023, with the target range reaching 5.25 to 5.5 percent. Each increase indicated tighter liquidity. Ethereum often fell in the days following these announcements, mirroring declines in growth-focused equities. Ethereum Price 2022 (Source: CoinMarketCap) Ethereum’s sensitivity to rate decisions became clear in several key moments. After the June 2022 hike of 75 basis points, ETH dropped by over eight percent within 48 hours. The same pattern repeated in September. By contrast, when the Fed paused in July 2023, ETH rebounded by nearly five percent over the next three trading sessions. However, one exception came in March 2023. The collapse of Silicon Valley Bank triggered panic in financial markets. The Fed raised rates by 25 basis points but indicated it might stop soon. That shift helped ETH recover as it climbed from under $1,400 to over $1,800 within three weeks. These events show Ethereum’s link to monetary policy. Rate hikes tighten conditions and push ETH down. Pauses or signs of easing often lead to sharp rebounds. Ethereum trades like a proxy for risk appetite in a liquidity-driven market. Bitcoin Dominance: Crypto’s Own Macro Gauge Bitcoin dominance tracks the percentage of total crypto market value held in Bitcoin. When dominance rises, it often reflects a retreat to safety. During periods of macro tightening, investors reduce exposure to smaller tokens and move capital into Bitcoin. This behavior mirrors broader risk-off patterns. U.S. Interest Rate 2015-2025 (Federal Reserve Bank) From late 2021 through 2022, Bitcoin dominance climbed from under 40 percent to nearly 48 percent. That move came during sharp inflation spikes, and a series of Fed rate increases as the market pulled back from speculative assets. Dominance rose again in mid-2023, just before the Fed indicated a pause, and fell shortly after. This pattern supports a familiar cycle. In early risk-on phases, Bitcoin leads. Once it stabilizes, capital rotates into Ethereum, then into altcoins with lower market value. Drops in dominance often mark the beginning of these rotations. The index can act as a sign of changing sentiment within the market. Bitcoin dominance reflects how crypto investors respond to broader economic shifts. It can function like a barometer—trending upward when uncertainty grows and falling when conditions favor higher risk exposure. Institutional Macro Forecasts and the Next 90 Days Institutional research over the past year has increasingly tied macro indicators to digital asset performance. In an October 2024 report, Crypto.com Research stated: “Economic growth may generally indicate a more favourable environment for cryptocurrencies, but the impact will vary depending on other market conditions.” They noted that “increasing correlation between traditional markets and cryptocurrencies means that stock market performance may potentially provide valuable insights into potential crypto trends.” Looking ahead, the next 90 days include several macro events that could affect crypto direction. The July CPI data is due on August 12, with consensus forecasting a YoY increase of 2.8 percent. The next FOMC meeting is on September 17, where markets currently price a 25 basis point cut. The August nonfarm payroll report (due September 6) and Q2 GDP revision (August 29) also stand out as volatility triggers. These dates offer key decision points. A lower CPI print could reinforce Fed easing expectations and push capital into risk assets. On the other hand, a stronger-than-expected payroll may reduce those expectations. ETF-related flows and crypto-native reactions will likely hinge on these cues, reinforcing the case that macro indicators now drive the broader crypto narrative. Conclusion: A Macro-Informed Strategy Macroeconomic indicators now play a measurable role in shaping the crypto market direction. Inflation data, central bank policy , and internal metrics like Bitcoin dominance have shown clear relationships with past price shifts in both Bitcoin and Ethereum. These signs, when aligned, can offer a grounded framework for interpreting future moves. While no model captures every turn, tracking CPI releases, FOMC decisions, and market reactions allows for more informed positioning. Macro data will not replace crypto-native analysis, but it adds a broader context that is becoming harder to ignore. Keeping an economic calendar in view may prove as useful as any technical chart. The post Macro Meets Crypto: Predicting Prices with CPI, Fed Rates & BTC Dominance appeared first on Cryptonews .
Just when the crypto market seemed like the bear market phase was about to begin, Bitcoin , the largest digital asset, has rallied hard, revisiting key price levels such as the $110,000 mark . As BTC’s price has surged sharply, whale investors are exhibiting significant optimism about the asset’s short-term prospects. A Sign Of Bold Bets Among Bitcoin Whales Bitcoin is riding a bullish wave following a renewed bullish market sentiment, causing its price to rise above the $109,000 level. Presently, whales are once again taking risks and increasing their long bets as the price of BTC undergoes a spectacular ascent. This bullish behavior among whales or big investors was announced on the X platform by Alphractal, an advanced on-chain data analytics and investment platform. According to the on-chain platform, BTC whales are in full force of the trend. The expert highlighted that these big investors’ aggressive long positions are constantly piling up while short positions are getting liquidated. Specifically, the aggressive positioning of major investors suggests that they have rekindled their belief in Bitcoin’s upward trajectory and are placing bets on even higher valuations in the future. With BTC’s price rising and whales ramping up long positions, this paints a positive outlook for the flagship asset in the short term. In the meantime, a strong undercurrent of confidence is added to the market as these big players stack leveraged bets in favor of further gains, which might pave the way for the next explosive leg-up for Bitcoin. Alphractal observed the development after examining the Whale Position Setiment metric. BTC Whale Position Sentiment is a key metric that monitors orders totaling more than $1 million. Also, the metric is considered one of the most powerful and alpha-rich indicators in the broader derivatives market . The on-chain platform stated that the metric is frequently strongly linked to the price behavior of Bitcoin, as big investors control the majority of the global trading volume. Should this trend extend alongside a continued BTC rally, it could act as a springboard to a major rally, with the flagship asset reaching a new all-time high in the upcoming weeks. BTC’s Price New Direction Is Upward After a notable bounce, Bitcoin is now challenging key resistance levels as it surges to its current all-time high. Crypto Dan, a market expert and author, has shared insights on BTC’s recent move, claiming that the direction has already shifted toward an upside trajectory. “Looking at Bitcoin’s movements from last April to the present, it appears that the market direction has shifted upward,” the market expert stated. Since April this year, the expert highlighted that US whales and institutions have been steadily reducing their selling pressure, as indicated by the red arrow on the chart. Meanwhile, their buying pressure is being maintained within the yellow box. According to Crypto Dan, Bitcoin is currently in a consolidation phase where short-term overheating is being resolved. Although there is still a chance for a pullback, the expert claims that the overall market trend is still upward, underlining his confidence toward the second half of 2025.
Ethereum is trading above the $2,500 mark but continues to struggle with strong resistance near $2,600, a key level that has capped further upside in recent sessions. After gaining over 23% since June 22, ETH has shown signs of strength, reclaiming crucial levels and riding the wave of market-wide optimism. However, as the broader crypto market stalls, Ethereum’s momentum appears to be slowing down. Related Reading: Litecoin Surges Past Descending Resistance – Bulls Target $97.10 Level The bullish impulse that drove ETH higher in late June is now meeting headwinds. Despite holding above important moving averages and maintaining a short-term uptrend, Ethereum has failed to break decisively above the $2,600 barrier. Analysts warn that a failure to reclaim this level with strong volume could lead to a short-term correction. Top analyst Carl Runefelt shared insights indicating a potential bearish setup on the 4-hour chart. According to Runefelt, Ethereum is forming a pattern that could lead to a pullback toward lower demand zones if momentum continues to fade. The coming days will be critical, as bulls attempt to maintain control while bears eye an opportunity to reclaim short-term dominance. Ethereum Faces A Critical Level Ethereum is approaching a crucial juncture following a week marked by volatility and renewed bullish momentum. After reclaiming the $2,500 level and rising over 23% since June 22, ETH has regained the attention of investors. However, the rally now faces a critical test: breaking above the $2,700 resistance level. A successful move above this threshold could ignite a broader altcoin rally, as Ethereum often acts as the leader for the altcoin market. Market sentiment remains cautiously optimistic, with bulls appearing to control short-term price action. Ethereum is trading above key moving averages and remains structurally bullish on higher timeframes. Yet, price has stalled just below the $2,600–$2,700 zone—a key supply area that must be flipped into support to confirm the next upward leg. A clean breakout could propel ETH into a new price range, allowing other altcoins to follow and break above their own resistance levels. Carl Runefelt cautions that Ethereum is currently forming a rising wedge pattern on the 4-hour chart—a potentially bearish setup. If the pattern plays out, ETH could fail to break higher and instead fall back toward lower support zones. Runefelt points to the $2,200 level as a key horizontal support that could be tested if momentum weakens and sellers regain short-term control. For now, Ethereum’s price action remains in a tight range. A decisive breakout or breakdown will likely define the direction of the altcoin market in the weeks ahead. Traders and investors alike are closely watching ETH’s next move, as it could set the tone for the remainder of the summer crypto cycle. Related Reading: Ethereum Looks Strong Despite Volatility – $10,000 Price Target Gains Momentum ETH Price Analysis: Key Resistance At $2,600 Ethereum’s price action continues to reflect a tug-of-war between bulls and bears as it hovers around the $2,550 level, just under the critical resistance at $2,600. After reclaiming that level briefly, ETH failed to hold its gains and pulled back slightly, suggesting sellers remain active at this zone. The chart shows Ethereum forming a lower high in the near term, raising short-term caution among traders. The 50-day and 100-day simple moving averages are now converging around $2,500–$2,530, acting as immediate support. As long as ETH holds above these levels, the medium-term outlook remains constructive. However, any sustained drop below these moving averages could invite additional downside pressure, possibly dragging the price back toward the $2,400 range or even testing the 200-day SMA near $2,180. Related Reading: Bitcoin Bounces Off Key Demand Level – Price Discovery On The Menu? Volume has remained moderate, showing that neither side has taken full control. Until ETH decisively breaks above $2,600 and flips it into support, the uptrend remains unconfirmed. The next key resistance sits at $2,700. Conversely, a rejection from current levels could indicate the formation of a range-bound structure or a rising wedge breakdown, as some analysts like Carl Runefelt suggest. Featured image from Dall-E, chart from TradingView
Increasing US regulatory clarity is enabling more traditional finance participants to seek out decentralized financial solutions.
Brussels Criminal Court sentenced three kidnappers to twelve years imprisonment each. They attacked crypto entrepreneur Stéphane Winkel’s wife outside their Forest home. The December 20, 2024, crypto abduction forced the couple to relocate completely. Winkel abandoned his cryptocurrency YouTube channel following the traumatic kidnapping attempt that devastated their lives. Brussels court delivers justice in crypto abduction case The 47th Chamber of the Brussels Criminal Court sentenced three kidnappers to twelve-year prison terms. They abducted Stéphane Winkel’s wife in a coordinated assault in front of their residence in Forest. The kidnappers abducted the crypto billionaire’s wife on December 20, 2024. Police officers acted swiftly following Winkel’s report to the authorities regarding the crypto kidnapping. The police pursued the getaway van along Belgian roads for approximately an hour. The chase stopped after the car had an accident near Bruges, leading to arrests. Court hearings revealed that the masterminds of the operation remain unidentified and at large. Three convicted defendants claimed that they were issued death threats forcing them to participate. Judges dismissed such allegations as empty during court hearings. Objects seized during searches: DH News One youth was also part of the kidnapping conspiracy and has separate juvenile court cases. The convicted kidnappers owe more than one million euros in civil restitution. The restitution is paid directly to the traumatized victims for what they went through. The Winkel family suffered tremendous psychological trauma following the December attack. They were forced to move out of their Forest home owing to continued security threats. Stéphane’s wife cannot work anymore after the traumatic experience of being kidnapped. The crypto business owner chose to abandon his popular YouTube channel completely. He had previously given free cryptocurrency tips to interested viewers on a daily basis. Winkel said that he had to protect his family and minimize public exposure. The attempted kidnapping stole their freedom and safety forever. Global surge in crypto-targeted abduction cases Cryptocurrency holders across different countries are exposed to increasingly violent crime targeting their virtual wealth. Several high-profile abductions were carried out in 2025, which is an ominous development in crypto violence. Paris saw a series of assaults on crypto influencers in May 2025. The father of a French crypto millionaire was kidnapped with the kidnappers demanding 5-7 million euros ransom. The kidnappers amputated one of the victim’s fingers to compel cooperation. French police freed him after 58 hours and arrested five suspects . A second Paris meeting on May 13 involved the crypto CEO’s grandchild and daughter. Three men in masks attempted to abduct them at gunpoint but were thwarted. The kidnap attempt was thwarted by the child’s father and other passersby. David Balland, Ledger wallet company co-founder, was the victim in January 2025. Kidnappers kidnapped Balland and his business partner from his home in central France. The kidnappers demanded 10 million euros and amputated one of Balland’s fingers. The victims were later released, with several suspects in custody. New York City experienced extended cases of torture against crypto millionaires. Italian crypto investor Valentinoofr Carturan was kidnapped for 17 days. Other crypto investors tortured him by hanging him, subjecting him to electric shock, and threatening him with chainsaws. They tried to make him disclose Bitcoin wallet credentials with a value of 28 million dollars. Belgian authorities arrested ten French suspects in March to abduct a relative of a crypto entrepreneur. Investigators found equipment designed for the installation of a torture chamber, pointing to the planned nature of such crimes. Security concerns bring about lifestyle changes for crypto entrepreneurs Cryptocurrency millionaires and their families are more under scrutiny than ever before to change their public image. The Winkel kidnapping case shows the effect of violent crime on the owners of cryptocurrency beyond monetary loss. Victims are faced with tough decisions between business and security. Stéphane Winkel closed down his popular YouTube channel after his wife attempted to kidnap him. Earlier, he provided free cryptocurrency advice to thousands of subscribers in regular videos. It was his primary means of engagement with the cryptocurrency community. The entrepreneur listed family security as his top priority after the December attack. Social media promotion and educational materials posed safety threats. Winkel conceded that success with cryptocurrencies drew unwanted attention from criminal networks. Criminal organizations increasingly probe crypto entrepreneurs through their online interactions and social media remarks. Public social media pages, YouTube accounts, and public speaking at conferences are treasure troves of information for potential attackers. The online history helps criminals identify wealthy targets and their families. The psychological impact on crypto families is more widespread than immediate trauma from assaults. Most successful crypto investors today have personal security or relocate to safer jurisdictions. Others forego public-facing business operations entirely in order to reduce risk. North American and European police forces record rising attempts at crypto abduction. Criminals target owners of cryptocurrencies as valuable commodities with liquid funds hard to track. The distributed nature of virtual money makes recovery challenging for victims. Security experts now counsel crypto business operators on best security practices in operations. They encompass restricting public exposure, changing daily habits, and maintaining family protection measures. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Bitcoin Cash (BCH) fell 7.8% this week as $BCH crashed through $485, just as futures open interest pumped 24%, exposing a dangerous gap between speculative bets and a six-year low in network activity. The altcoin’s 20% rally in June now appears to be built on quicksand. While derivatives traders piled in, daily active addresses cratered to 2018 levels. With RSI flashing bearish divergences, BCH must hold $400 support to avoid surrendering all recent gains. Source: CoinMarketCap Can $BCH Sustain Its Speculative Rally Into a Real Bull Run? Launched in August 2017 as a Bitcoin fork, Bitcoin Cash ($BCH) was designed to facilitate faster and cheaper transactions by increasing the block size limit from 1 MB to 8 MB. BCH is a peer to peer electronic cash system. BTC is not. pic.twitter.com/0L3xtKN1sX — Roger Ver (@rogerkver) September 16, 2018 The network, secured by a proof-of-work consensus mechanism, currently has approximately 19.8 million $BCH in circulation, with a maximum supply capped at 21 million $BCH. A major upgrade on May 15, 2025, introduced targeted virtual-machine limits, high-precision arithmetic, and an adaptive block-size algorithm to improve scalability and reliability. While these enhancements are intended to support more complex on-chain applications, adoption remains low—daily active addresses recently hit six-year lows, indicating that recent price movements may be driven more by speculation than utility. Despite muted on-chain activity, institutional engagement has increased. $BCH is defying gravity, up 5% in 24h and +20% vs $BTC in 4 weeks, just as the golden cross hits on the BCH/BTC pair. Volume surged 3x, but here’s the catch: on-chain activity is at a 6-year low. Speculators are partying, but the fundamentals? Still on vacation. Bull trap? pic.twitter.com/PXsxog01rz — Joe Swanson (@Joe_Swanson057) July 1, 2025 Open interest in $BCH futures rose by over 24% in June, while trading volume more than doubled after $BCH surpassed $500 on June 27. This briefly pushed its market capitalization above $10 billion, ranking it 12th, though it has since slipped to 13th with a $9 billion valuation. Analysts point to $BCH’s scalability and stability above $400 as key bullish factors but warn that bearish RSI divergences could curb further gains. $BCH zoooomed out view, dates back to late 2022, weekly tf, the highlight of this chart is notice the wave counts, early stages of a macro 3rd wave, price currently early stage wave 1 of a larger 3rd degree wave…not familiar with elliot wave? Ask GPT or Grok about 3rd waves… pic.twitter.com/JWzHNcxfVR — Disrupt Yourself (@EasychartsTrade) June 28, 2025 Bitcoin Cash’s DeFi ecosystem shows potential but struggles for traction. Despite $BCH’s low fees and high throughput—advantages that attract niche developers—the chain’s $7.9 million total value locked (TVL) and meager $13,841 daily DEX volume reveal scant real-world usage. This disconnect grows starker when examining recent price action. While $BCH rocketed 20% in June, on-chain activity hit six-year lows, confirming the rally was fueled by derivatives speculation rather than organic growth. $BCH is defying gravity, up 5% in 24h and +20% vs $BTC in 4 weeks, just as the golden cross hits on the BCH/BTC pair. Volume surged 3x, but here’s the catch: on-chain activity is at a 6-year low. Speculators are partying, but the fundamentals? Still on vacation. Bull trap? pic.twitter.com/PXsxog01rz — Joe Swanson (@Joe_Swanson057) July 1, 2025 BCH must convert its technical strengths (like May’s scalability upgrades) into merchant adoption and developer incentives for sustainable adoption. The 24% increase in futures open interest suggests that market confidence exists; now, the network needs to deliver corresponding on-chain utility. For $BCH to sustain long-term growth, it must strengthen merchant adoption and developer incentives. While recent upgrades and rising futures interest provide a foundation, broader adoption will depend on whether the network can translate technical improvements into real-world usage. BCH/USDT Chart Analysis: From Bullish Breakout to Bearish Retracement and Potential Reversal The BCH/USDT chart reflects a clear transition through multiple market phases, beginning in late June and continuing into early July. BCH price chart Source: TradingView Initially, the price exhibited a strong uptrend, characterized by a steep breakout and large green candles with substantial volume support. This rapid rally propelled BCH from around $475 to just under $510. This bullish momentum stalled as the price entered a sideways consolidation phase, forming a range-bound pattern between approximately $500 and $510. During this period, volume declined, and MACD flattened, indicating indecision and weakening buying pressure. As consolidation broke to the downside, BCH entered a steady downtrend, creating a sequence of lower highs and lower lows. Price declined consistently with minor relief bounces, eventually breaking below the $480 support region. The downtrend was accompanied by increasing red volume bars, suggesting rising selling pressure. Most recently, the chart shows signs of a bullish bounce, with a sharp reversal from the $472–$474 zone. This was confirmed by a bullish MACD crossover beneath the zero line, indicating that bearish momentum has slowed and buyers are stepping in. The volume also picked up slightly, reinforcing the short-term bullish reversal. However, for this recovery to be sustainable, BCH needs to reclaim the $488–$490 resistance zone and maintain momentum above the MACD baseline. If rejected, the price risks retesting the $474 support. The post Bitcoin Cash Futures Jump 24% as Active Addresses Hit Six-Year Low – Risk Ahead? appeared first on Cryptonews .