According to FarsideUK, Bitcoin (BTC) has entered a historically strong month, with data from CoinGlass showing an average July increase of around 7% over the past 10 years. Despite this, market maker Wintermute notes that current investor sentiment, measured by funding rates, remains subdued. A significant trend for traders is the surge in institutional buying, with public firms purchasing approximately 131,000 BTC in the second quarter, an 18% jump that surpassed the growth in U.S. spot-ETF holdings. Derivatives markets reflect trader indifference, as BTC and ETH futures open interest remains flat. However, data from Farside Investors shows spot BTC ETFs experienced a daily net outflow of $342.2 million. Key upcoming events include the U.S. payrolls report, which will influence Federal Reserve policy, and significant token unlocks for Ethena (ENA), Aptos (APT), and Arbitrum (ARB) that could introduce volatility.

According to @GreeksLive, reports that crypto exchange OKX is considering a U.S. initial public offering (IPO) triggered a significant, albeit temporary, 9.8% price spike in its native token, OKB, which jumped from approximately $50 to $55.11 before retracing. OKX's Chief Marketing Officer, Haider Rafique, confirmed the exchange would 'absolutely consider an IPO in the future,' with the U.S. as the preferred market, signaling growing confidence in its U.S. operations. This news aligns with a broader trend of crypto firms like Kraken and Bullish planning to go public. Concurrently, the institutional adoption of crypto is accelerating, as evidenced by derivatives exchange Deribit. Its Block Request-for-Quote (RFQ) tool for large institutional trades has processed over $23 billion in cumulative volume in less than four months since its March launch. Deribit CEO Luuk Strijers noted the system's success reflects 'strong institutional demand' for derivatives on assets like Bitcoin (BTC), Ether (ETH), and Solana (SOL), enhancing liquidity and execution for professional traders.

According to @lookonchain, a trader on the decentralized derivatives exchange HyperLiquid, known as AguilaTrades, experienced a significant reversal, turning a $10 million unrealized profit on a Bitcoin (BTC) long position into a $2.5 million realized loss. The loss occurred after BTC's price fell 4% from a high of $108,800 to around $104,000. The source notes this is a recurring issue for the trader, who previously converted a $5.8 million profit into a $12.5 million loss. This event highlights the risks of using high leverage in the current market, where Bitcoin has been range-bound between approximately $100,000 support and $110,000 resistance since May 9, repeatedly catching out directional traders.

According to @GreeksLive, institutional demand for cryptocurrency derivatives is rapidly accelerating, evidenced by crypto exchange Deribit's on-demand liquidity tool, the Block RFQ interface, achieving over $23 billion in cumulative trading volume in under four months. This system, designed for institutions and high-volume traders of assets like Bitcoin (BTC), Ether (ETH), and Solana (SOL), allows for efficient execution of large block trades with minimal market impact, as noted by Deribit CEO Luuk Strijers. The share of block trades via RFQ has grown to 27.5% in June. Separately, the report highlights the risks of corporate crypto strategies, with Semler Scientific's (SMLR) stock falling nearly 50% and trading below the value of its Bitcoin holdings. Despite this, Fundstrat's Tom Lee identifies SMLR as a potential "Granny shot" investment opportunity, suggesting value for contrarian investors.

According to @CoinbaseIntExch, the crypto exchange will launch perpetual-style futures contracts for Bitcoin (BTC) and Ether (ETH) in the U.S. starting July 21. These CFTC-regulated instruments will trade on the Coinbase Derivatives Exchange and are structured as long-dated futures with a funding rate mechanism to mimic perpetual swaps, potentially introducing new liquidity and trading vehicles for U.S. traders. Separately, Coinbase CEO Brian Armstrong confirmed the company is buying more Bitcoin every week, a move that signals strong institutional conviction. This follows a previous disclosure by CFO Alesia Haas of a $150 million crypto purchase in Q1 2025, primarily in Bitcoin. The company's balance sheet currently holds 9,257 BTC, according to data from BitcoinTreasuries.net, positioning it as a top publicly-listed holder of the asset.

According to @GreeksLive, crypto derivatives exchange Deribit is experiencing a surge in institutional demand, with its Block Request-for-Quote (RFQ) interface registering over $23 billion in cumulative trading volume in less than four months since its March debut. Deribit's CEO, Luuk Strijers, highlighted that the system's success, with RFQ block trades now accounting for 27.5% of the total, reflects strong institutional interest and a focus on trade quality for large OTC transactions in assets like Bitcoin (BTC), Ether (ETH), and Solana (SOL). Despite recent market volatility and geopolitical tensions, analysts remain constructive on Bitcoin's long-term outlook. Valentine Fournier, an analyst at BRN, noted that growing structural demand from public entities and corporations is laying the groundwork for a rebound, and suggests Solana (SOL) could outperform in a recovery. Meanwhile, Mean Theodorou, co-founder at Coinstash, pointed to steep losses in altcoins like DOGE, ADA, and SOL as evidence of broad market de-risking, but believes they may remain active for traders seeking opportunities outside of major tokens. Traders are closely watching upcoming macro events, including Fed Chair Powell's testimony and the release of core PCE data.

According to @rovercrc, Ethereum (ETH) presents a conflicting outlook for traders, balancing significant leverage risk against a strong fundamental narrative. The firm Matrixport warns that ETH's recent rally was primarily driven by leveraged futures positions without fundamental support, making it vulnerable to sharp declines, as seen in a recent 8% weekend sell-off. This caution is echoed in the derivatives market, where QCP Capital notes that risk reversals for both BTC and ETH show a clear preference for downside protection. Conversely, a report from Etherealize, backed by ecosystem leaders, presents a bullish long-term case, labeling ETH as 'digital oil' and the essential settlement layer for a tokenized global economy. This fundamental strength is supported by technical analysis showing a double-bottom formation and strong support near the $2,500 level. Despite U.S. spot Ethereum ETFs recently ending a 19-day inflow streak with a minor outflow, ETH's resilience suggests underlying bullish sentiment remains intact.

According to James Van Straten, Bitcoin (BTC) remains stable around $105,000, unaffected by the Federal Reserve's interest rate hold and ongoing Middle East conflicts, due to increasing corporate treasury adoption, with public holders rising to 129 entities. However, derivatives data from Velo reveals caution, with open interest declining to $55.3 billion and elevated put/call ratios indicating potential volatility risks near current price levels.

According to Francisco Rodrigues, Bitcoin (BTC) fell 2.9% amid heightened geopolitical risks from Israeli airstrikes on Iran, contributing to a broad crypto market decline with the CoinDesk 20 Index down 6.1%, as reported by market data. Jake Ostrovskis, an OTC trader at Wintermute, highlighted that Solana (SOL) initially rallied on SEC ETF filing updates but later dropped nearly 9.5%, indicating market underexposure to SOL-related assets. Derivatives data from Velo showed open interest falling to $49.31 billion, with BTC and ETH put/call ratios rising to 1.28 and 1.25 respectively, signaling increased demand for downside protection. Coinglass reported $1.16 billion in liquidations, predominantly from long positions, while Farside Investors noted continued inflows into spot BTC and ETH ETFs despite investor caution over Middle East tensions.

According to Francisco Rodrigues, Bitcoin (BTC) is trading near $106,000, buoyed by reduced geopolitical risks after President Trump delayed a decision on U.S. entry into the Israel-Iran conflict, as per Polymarket odds shifting from 70% to 40% for immediate action. However, CryptoQuant analysts warn that BTC could drop to $92,000 if demand fails to rebound, citing a 60% decline in ETF flows since April and halved whale buying activity. Glassnode notes subdued on-chain activity reflecting institutional dominance, while derivatives data from Velo shows $131.89 million in liquidations skewed toward shorts, with BTC dominance at 65%.

According to James Van Straten, Bitcoin (BTC) remains stable around $105,000, showing resilience to the Federal Reserve's unchanged interest rates and geopolitical conflicts like the Israel-Iran war, with no drop below $100,000 for 42 days. This stability is driven by increasing corporate adoption of BTC as a treasury asset, with total holders rising to 235 entities. However, derivatives data from Velo indicates caution, as open interest fell to $55.3 billion and BTC's put/call ratio increased to 1.13, suggesting elevated risk of short-term volatility.

According to James Van Straten, Bitcoin (BTC) remains resilient at approximately $105,000, unaffected by the Federal Reserve's decision to maintain interest rates and escalating Middle East conflicts, as cited in the article. This stability stems from growing corporate adoption of BTC as a treasury asset, with the total holders rising to 235 entities, per article data. However, derivatives indicators from Velo show reduced open interest at $55.3 billion, and Deribit reports a bearish BTC put/call ratio of 1.13, signaling heightened market caution despite the price holding above $100,000 for 42 consecutive days.

According to Francisco Rodrigues, bitcoin (BTC) rose to near $107,000 with a 1.7% gain, driven by a U.S.-brokered ceasefire between Iran and Israel that eased oil supply fears and boosted risk assets, though Susannah Streeter of Hargreaves Lansdown expressed doubts about the truce holding. Federal Reserve Chair Jerome Powell emphasized patience on rate cuts due to elevated inflation and tariff pressures, adding short-term uncertainty as noted by Bitunix analysts. Derivatives data from Wintermute indicates range-bound trading expectations around $100,000 to $105,000, while call option buying points to modest bullish sentiment.

According to Lennix Lai, institutional demand is boosting ETH, with derivatives volume at 45.2% versus BTC's 38.1% on OKX, making $3,000 ETH increasingly likely. Glassnode analysts report long-term holders are accumulating BTC despite profit-taking, indicating strong institutional conviction. CryptoQuant states the stablecoin market hit a record $228 billion, enhancing trading liquidity, with Tron leading inflows. Presto Research data shows capital rotation to Solana and Tron due to faster ecosystems. Scott Duke Kominers argues crypto is essential for AI agent interoperability. DappRadar analysts note Web3 gaming funding fell to $9 million in May, highlighting gameplay deficiencies.

According to Francisco Rodrigues, Bitcoin (BTC) rose to near $107,000, gaining 1.7% in 24 hours, as a U.S.-brokered ceasefire between Iran and Israel reduced oil supply fears and lifted risk assets. Susannah Streeter, head of money markets at Hargreaves Lansdown, cautioned that doubts over the ceasefire's stability could renew volatility. Federal Reserve Chair Jerome Powell's patient stance on rate cuts supports risk assets but requires close watch on inflation, as noted by Bitunix analysts. Derivatives markets indicate neutral sentiment, with Wintermute trader Jake O highlighting range-bound trading between $100,000 and $105,000 ahead of options expiry.

According to Francisco Rodrigues, Bitcoin (BTC) climbed to near $107,000, gaining 1.7%, as a U.S.-brokered ceasefire between Iran and Israel lifted risk assets and broader crypto indices. Susannah Streeter of Hargreaves Lansdown cited doubts about the truce holding due to leaked U.S. intelligence reports, potentially resuming market volatility. Federal Reserve Chair Jerome Powell emphasized patience on interest-rate cuts, with Bitunix analysts noting policy uncertainty that supports risk assets but warrants monitoring inflation and tariffs. Traders are eyeing Powell's Senate testimony and derivatives data, where Jake O of Wintermute highlighted range-bound expectations near $100,000-$105,000 with modest bullish call options.

According to James Van Straten, Bitcoin BTC has maintained stability around $105,000, showing resilience despite the Federal Reserve's decision to hold interest rates steady and escalating Middle East conflicts. Key trading indicators reveal caution in derivatives markets, with open interest falling to $55.3 billion from a peak of $65.9 billion, and BTC's put/call ratio rising to 1.13, indicating increased bearish bets. Corporate treasury adoption provides underlying support, with 235 entities now holding BTC, up by 27 in 30 days. Funding rates are moderately positive for BTC and ETH but fragmented for altcoins like AVAX and BCH, while liquidation risks are elevated near current price levels.

According to Omkar Godbole, Bitcoin maintained stability above $100,000 despite escalating Iran-Israel tensions, with Jeff Anderson of STS Digital noting that this resilience signals strong underlying support as BTC evolves into a treasury asset. QCP Capital highlighted that institutional adoption is underpinning BTC's price, evidenced by a modest 3% pullback compared to last year's larger decline during similar turmoil. Anderson added that the widening spread between ether and bitcoin implied volatilities on Deribit offers yield opportunities for ether holders through options writing. However, LondonCryptoClub warned of potential altcoin pressure from large upcoming token unlocks for assets like SOL, ARB, and APE, while corporate acquisitions of SOL and ETH indicate broadening crypto adoption.

According to James Van Straten, Bitcoin (BTC) is trading stably around $105,000, shrugging off the Federal Reserve's decision to maintain interest rates and escalating Middle East conflicts. The Fed signaled slower GDP growth at 1.4% and higher inflation, with fewer rate cuts expected through 2027, yet BTC's resilience stems from its adoption as a treasury asset, with the number of known holders rising to 235 entities. Derivatives data indicates caution, with open interest down to $55.3 billion and BTC's put/call ratio at 1.13, reflecting bearish sentiment; funding rates are positive for BTC and ETH but negative for altcoins like AVAX, and liquidation risks are elevated near $103K-$106K levels.

According to Omkar Godbole, Bitcoin (BTC) rebounded above $101,000 despite bearish futures and options signals, as markets showed muted reactions to Middle East tensions. Valentine Fournier of BRN highlighted long-term structural demand for BTC, citing corporate acquisitions like Metaplanet's purchase of 1,111 BTC, and suggested Solana (SOL) could outperform in a recovery while Ethereum (ETH) may regain support. Mean Theodorou of Coinstash warned of persistent volatility from macro events, including Fed Chair Powell's testimony and core PCE data, with derivatives data indicating selling pressure but potential for rebound.