According to @CrypNuevo, Bitcoin (BTC) experienced a notable drop from $120,000 to $114,000, filling both a long wick and a CME gap. The author noted that some short orders at $121,000 were left unfilled due to insufficient momentum to reach that liquidity zone. Current price action is mirroring the structural pattern observed in late January, which may signal similar trading opportunities for BTC traders. This analysis highlights the importance of monitoring CME gaps and repeating price structures when planning short-term trading strategies for Bitcoin (source: @CrypNuevo).

According to Material Indicators, Bitcoin (BTC) and Ethereum (ETH) are encountering significant resistance levels even as broader macroeconomic factors provide tailwinds. The disconnect between supportive macro conditions and current price action suggests that traders should closely monitor order book data and resistance points as the monthly close approaches. These dynamics could lead to heightened volatility and present short-term trading opportunities for BTC and ETH, especially as market participants react to both technical barriers and macroeconomic signals (source: Material Indicators).

According to Cas Abbé, Bitcoin (BTC) is currently trading above every short-term holder cost basis, which ranges between $110,000 and $117,000. This indicates that even the newest investors are in profit, reinforcing solid support levels below the current price. For traders, this suggests that Bitcoin has established strong realized support, reducing downside risk and signaling potential for continued bullish momentum if these levels hold (Source: Cas Abbé).

According to Michaël van de Poppe, a small liquidity sweep occurred on BTC following the latest FOMC meeting. The price has since returned to its previous range and is showing strong momentum, suggesting that BTC is well-positioned to break upwards toward a new all-time high. This pattern indicates renewed bullish sentiment and could signal a significant trading opportunity for cryptocurrency market participants (source: Michaël van de Poppe).

According to @MI_Algos, FireCharts data indicates that BTC is approaching a crucial support level at $116,750. A loss of this support could trigger a further decline toward the $107,000 to $110,000 range. This support test is significant for traders, as a breakdown may lead to increased volatility and open short-term downside opportunities in the BTC market. Source: @MI_Algos.

According to @CrypNuevo, Bitcoin's recent price action showed upper wicks with stalled upward momentum, which provided traders with signals to catch this week's downward move (source: @CrypNuevo). The current chart has developed a significant lower wick that could potentially get filled, suggesting traders should monitor for a possible price retracement to lower support zones. This setup highlights the importance of watching for liquidity grabs and reaction at key support levels for BTC.

According to Michaël van de Poppe, if Bitcoin (BTC) maintains support above $116,800, the cryptocurrency could reach new price highs in the coming week. Traders should monitor the $116.8K support level as a critical pivot point for potential bullish momentum in the short term (source: Michaël van de Poppe).

According to Farside Investors, Grayscale's Bitcoin ETF (GBTC) recorded a significant daily outflow of $50.5 million. This notable capital movement may increase short-term selling pressure on BTC and could impact overall Bitcoin market sentiment as investors adjust their positions in response to ETF flows. Source: Farside Investors.

According to Michaël van de Poppe, Bitcoin (BTC) has demonstrated notable resilience by reclaiming liquidity after a rejection and continuing its upward momentum. This persistent recovery suggests a robust market structure, with altcoins also exhibiting strong performance. The current market setup indicates favorable conditions for a potential breakout across both BTC and major altcoins, making this a critical period for traders to monitor price action and liquidity flows. Source: Michaël van de Poppe.

According to @ai_9684xtpa, a trader previously closed profitable BTC short positions at an entry of $119,425, realizing $8.5 million in gains, and exited an ETH short at $3,528.85 with a loss. The trader has now reopened short positions at lower levels: BTC at $116,065.2 with an unrealized profit of $1.947 million, and ETH at $3,698.17 with floating profits. These actions indicate continued bearish sentiment for BTC and ETH, with active capital allocation based on price movements (source: @ai_9684xtpa).

According to Michaël van de Poppe, Bitcoin (BTC) has established a lower high and experienced a sharp decline. He notes that the current drop below $114K presents an opportunity for traders to accumulate both BTC and altcoins. Van de Poppe emphasizes that reclaiming the $115.6K level would signal the start of the next upward move for Bitcoin. This analysis provides crucial entry and exit points for traders looking to capitalize on Bitcoin's volatility and its impact on the broader altcoin market (source: @CryptoMichNL).

According to @dydxfoundation, the crypto industry is at risk of its foundational cypherpunk values being diluted by mainstream adoption and political co-option. The author argues that actions like Coinbase sponsoring political events and the rise of corporate lobbying by firms like Ripple signify a departure from crypto's original mission to counterbalance centralized power, confusing corporate milestones with ideological validation (source: @dydxfoundation). This trend contrasts with grassroots innovation, such as MANSA using stablecoins to facilitate $92 million in payments for underserved clients in Africa (source: @dydxfoundation). From a trading perspective, the market shows resilience amidst this debate. Current data indicates Bitcoin (BTC) is trading at $108,694, up 0.36%, with a 24-hour high of $109,200. Ethereum (ETH) is priced at $2,611.92, marking a 2.53% increase, while Solana (SOL) trades at $152.37, up 1.5% (source: provided market data).

According to @rovercrc, Bitcoin (BTC) is demonstrating resilience by holding above the key $100,000 psychological threshold, currently trading near $105,000 despite escalating geopolitical tensions in the Middle East. Analysts at crypto hedge fund QCP Capital note that this price stability is underpinned by significant institutional accumulation, with firms like Strategy adding over 10,000 BTC and The Blockchain Group purchasing 182 BTC. In parallel, Ethereum (ETH) is outperforming BTC, with market observers attributing its strength to bullish developments like the U.S. Senate's approval of stablecoin legislation and a fundamental upgrade in its validator architecture. Anthony Bertolino of Obol Labs highlights that the adoption of Distributed Validator Technology (DVT) by major staking protocols like Lido is making Ethereum staking 'enterprise-grade,' a crucial step for attracting institutional capital. On the technical front, Chainlink's LINK token has turned bearish after dropping below the Ichimoku cloud, with immediate support identified at the $12.6 level. The derivatives market signals caution, as indicated by a high demand for protective BTC put options.

According to KobeissiLetter, major cryptocurrencies including Bitcoin (BTC), XRP, and Dogecoin (DOGE) rallied on prospects of new U.S. trade deals before the July 9 tariff deadline. The analysis highlights comments from U.S. Treasury Secretary Scott Bessent, who stated that several trade deals are close to being finalized, which could avert the reinstatement of higher tariffs on August 1. This macroeconomic development is significant for traders, as the initial tariff announcement in April caused BTC to plummet to $75,000 before recovering above $100,000 during a 90-day pause. Current market data shows BTC trading around $108,104. In a contrasting development, markets remained largely unfazed by renewed tariff threats against Canada. Coinbase analysts suggest this complacency stems from a belief that the tariffs will not be as inflationary as previously feared. This sentiment is reflected in recent price action, with crypto stocks like Coinbase (COIN) and Circle (CRCL) falling 6% and 16% respectively, while major cryptocurrencies saw more muted movements.

According to @KookCapitalLLC, Bitcoin (BTC) is holding firm above $107,000, but the broader crypto market shows signs of fatigue with profit-taking seen in major altcoins like Dogecoin (DOGE), Ether (ETH), XRP, Solana (SOL), and Cardano (ADA) as they approach local resistance levels. Despite the pullback in altcoins, the overall market sentiment remains constructive, bolstered by improving macroeconomic conditions and significant institutional developments, as cited by analysts from SignalPlus and HashKey Group. Key bullish signals include JPMorgan's trademark filing for digital asset services and the launch of a spot XRP ETF in Canada by Purpose. However, Nansen research analyst Nicolai Søndergaard suggests a full-blown 'alt season' is not yet here, as BTC continues to lead market trends. For traders, Bitfinex analysts noted that if BTC can hold the $102,000-$103,000 support zone, it could signal a local bottom after recent aggressive selling.

According to @rovercrc, traders are increasingly taking short positions on Bitcoin (BTC) even as it approaches a potential new all-time high above $112,000. Data from Coinalyze indicates that as Bitcoin moved from $106,000 to $110,000, the long/short ratio shifted from favoring longs to favoring shorts at 0.858, with open interest climbing to $35 billion, suggesting significant capital is betting against the asset. This bearish sentiment, potentially from traders playing the range between $100,000 support and $110,000 resistance, creates the risk of a major short squeeze if BTC breaks resistance, which could trigger liquidations and a sharp price increase. Concurrently, other major cryptocurrencies like Dogecoin (DOGE), Solana (SOL), and Cardano (ADA) are showing signs of profit-taking. Despite this, the broader market outlook remains constructive, with Augustine Fan of SignalPlus highlighting positive mainstream sentiment from crypto IPOs and corporate BTC adoption. Jeffrey Ding of HashKey Group noted that favorable macroeconomic conditions, such as progress in U.S.-China trade talks, support risk assets. Thomas Perfumo of Kraken added that spot ETFs are absorbing supply faster than expected, creating a virtuous cycle for the market.

According to @caprioleio, Bitcoin (BTC) is positioned to potentially reach a new all-time high this July, supported by a combination of powerful macroeconomic factors and bullish technical indicators. The analysis points to record-high U.S. equity markets potentially pushing capital into alternative assets like BTC, a record U.S. M2 money supply of $21.9 trillion increasing liquidity, and rising U.S. government debt, which may drive investors to seek assets that preserve purchasing power. From a technical standpoint, a key volatility indicator using the Bollinger Band spread has generated a bullish signal as its associated MACD histogram turned positive, a pattern that has historically preceded major price rallies. With Bitcoin trading around $109,000, just under its previous peak, and July being a seasonally strong month with average gains of 7%, the outlook suggests a potential surge is ahead.

According to @StockMKTNewz, the cryptocurrency market has shifted its focus from geopolitical anxieties to institutional developments, driving Bitcoin (BTC) up 3.1% to $108,600. The rally was fueled by positive news, including a JPMorgan trademark application for digital asset services and the upcoming launch of a spot XRP exchange-traded fund in Canada by asset manager Purpose. This caused XRP to rally by 6-7%. Bitfinex analysts noted that last week's price action, where the Fear and Greed Index dropped to "Fear," resembled past capitulation events that often signal a local bottom. They suggest that if BTC can maintain the $102,000-$103,000 support zone, the market could be positioned for a recovery. However, Nansen research analyst Nicolai Søndergaard cautioned that an altcoin season is not imminent, stating that BTC continues to lead the market. Traders are now watching the upcoming Federal Reserve meeting, with Swissblock analysts anticipating significant volatility driven by Fed Chair Powell's remarks.

According to @KobeissiLetter, trading firm QCP reports that Bitcoin (BTC) is range-bound around $105,000 as the market weighs the risk of an escalating Israel-Iran conflict. QCP's analysis highlights that risk reversals have flipped, with front-end BTC puts commanding premiums, signaling heightened investor anxiety and downside hedging. Despite this defensive sentiment and over $1 billion in recent liquidations, QCP notes that on-chain data shows persistent institutional buying is providing significant support. Adding a long-term perspective, Glassnode data indicates Bitcoin's current cycle gain of 656%, while lower than previous cycles, is impressive given its larger market capitalization, suggesting strong underlying demand. Separately, Bybit announced the launch of Byreal, a new decentralized exchange built on Solana (SOL), with its testnet scheduled for June 30.

According to @BitMEXResearch, Bitcoin (BTC) is trading around $105,000, constrained by market uncertainty over the escalating Israel-Iran conflict, as reported by trading firm QCP. QCP notes that risk reversals have flipped, with front-end BTC puts now commanding significant premiums over calls, signaling heightened investor anxiety and hedging against downside risk. Despite this defensive positioning, QCP highlights that on-chain data shows continued institutional buying is providing meaningful support. Separately, Glassnode data indicates that Bitcoin's current cycle gain of 656% is impressive given its larger market capitalization compared to previous cycles. In other market developments, Bitfinex Securities has launched two new Real World Asset (RWA) products, TITAN1 and TITAN2, on the Liquid Network, focusing on alternative finance in the UK. Jesse Knutson, head of operations at Bitfinex Securities, emphasized the goal is to disintermediate traditional finance and provide capital access where banks fall short. Additionally, Bybit announced its entry into the decentralized exchange space with Byreal, a Solana-native DEX with a testnet planned for June 30.