Bullish sentiment is noticeably returning to the crypto market once again, and Ethereum has made a remarkable upward move. With the fresh wave of optimism, ETH’s price has reclaimed the key $2,700 mark, which has captured investors’ attention. While prices have strongly increased, recent reports reveal that ETH’s open interest also witnessed a notable uptick. […]

Bullish sentiment is noticeably returning to the crypto market once again, and Ethereum has made a remarkable upward move. With the fresh wave of optimism, ETH’s price has reclaimed the key $2,700 mark, which has captured investors’ attention. While prices have strongly increased, recent reports reveal that ETH’s open interest also witnessed a notable uptick.

Traders Are Doubling Down On Ethereum

Ethereum’s price appears to have regained upside traction, and its derivatives market is heating up. This notable uptick in the derivatives market is attributed to a recent surge in ETH’s Futures Open Interest (OI) to new multi-month highs.

Glassnode, a popular on-chain analytics and financial platform, in a post on X highlighted that Ethereum CME Futures open interest has increased to $3.27 billion. ETH CME futures open interest’s rise to this figure marks its highest level since February 2 this year.

This notable expansion in futures is a clear indication that investors and traders are ramping up their bets on the world’s second-largest cryptocurrency. It also demonstrates a renewed capacity for speculation and an increasing level of assurance on ETH’s short-term prospects.

According to the on-chain platform, this indicates a definite improvement in institutional standing, as price and demand are increasing simultaneously. As ETH’s price action levels off following recent volatility, increasing open interest implies that market players are setting themselves up for potentially big moves in the future. Such a positive advancement could further bolster the general attitude toward Ethereum and its future performance.

A Persistent Decrease In ETH Exchange Reserve

While ETH bullish momentum builds, it is being met with robust confidence from investors from all crypto exchanges, solidifying the current upward trend. BlackMen, a market expert, has reported a positive action among ETH investors on crypto exchanges.

After examining the Ethereum Exchange Reserves metric, the expert stated that the amount of ETH in exchanges is rapidly decreasing. Such a decline in exchange reserves highlights the increasing inclination of investors to move their ETH to decentralized platforms or long-term safekeeping.

Investors are also locking their Ethereum in staking, which keeps it in the system, and this rate is getting close to all-time highs. This pattern is often classified as a bullish indication, indicating that holders are less likely to sell and more optimistic about ETH’s prospects.

BlackMen stated that these developments are typically the precursor to bull runs that begin quietly, not hype or coincidence, noting that a slight hype could occur after August. The expert’s claims may imply that the ongoing bull market cycle still has room to extend.

At the time of writing, Ethereum was trading at $2,812, reflecting a nearly 7% increase in the last 24 hours. Ethereum is witnessing renewed bullish sentiment from investors and traders following the recent rally above the $2,800 price mark. Data from CoinMarketCap shows that ETH’s trading volume has risen by more than 64% in the past day, suggesting growing conviction in the newfound rally.

The XRP ecosystem is witnessing a flurry of developments that could significantly impact its future trajectory. From a sharp surge in new wallet addresses and XRP Open Interest to growing whale activity and a strategic partnership between Ripple and a leading banking company, these key events are ones that every investor and enthusiast should be […]

The XRP ecosystem is witnessing a flurry of developments that could significantly impact its future trajectory. From a sharp surge in new wallet addresses and XRP Open Interest to growing whale activity and a strategic partnership between Ripple and a leading banking company, these key events are ones that every investor and enthusiast should be aware of and closely monitor. 

XRP Wallet Addresses And Open Interest Skyrocket

A recent H1 2025 report by Finbold reveals that the XRP network is seeing a sharp rise in speculative interest, with over 840,000 new wallet addresses created in the first half of the year. The report shows that XRP’s total address count jumped from 6.28 million to 7.12 million between January and June 2025. 

However, during the same period, the number of unique active addresses dropped by 42.2%, falling from 39,515 to 22,743. This disconnect suggests that many of the new addresses belong to long-term holders, institutions preparing for future integration, or investors opting to hold their assets without actively interacting with the blockchain network. 

On the derivatives front, XRP’s futures Open Interest recently surged to its highest point since January. According to crypto analyst Xaif on the X social media platform, Open Interest spiked to 800 million XRP before stabilizing at around 743 million, marking a 33% increase from its low in late June. This sharp rise coincides with growing anticipation around a potential ProShares XRP ETF approval, which could reignite bullish sentiment across the market. 

Whales Move $500 Million In XRP 

A massive XRP transaction involving over 214.14 million tokens, valued at approximately $500 million, has caught the attention of the broader crypto market. Based on the information from WhaleAlert, a prominent crypto tracker on X, the full amount was moved by a whale in a single transaction from an anonymous long-standing but inactive wallet address to a newly active one. 

The recipient wallet, according to WhaleAlert, was created in June 2025 and had shown minimal activity until the sudden inflow. Following the $500 million worth of XRP transfer, the wallet’s balance surged to a whopping 708 million tokens, instantly positioning it among the top holders on the XRP Ledger. Meanwhile, the sender’s address still holds over a billion XRP, signaling control over a significant portion of the circulating supply. 

Ripple Teams Up With BNY Mellon 

Ripple, a crypto payments firm and the largest holder of XRP, has announced its official partnership with the Bank of New York (BNY Mellon). The company aims to serve as the primary custodian for reserves backing its new enterprise-grade stablecoin, Ripple USD (RLUSD). 

The collaboration marks a significant step in the crypto payments organization’s mission to rapidly advance institutional adoption of digital assets by integrating with one of the world’s oldest and most trusted financial institutions. Unlike most stablecoins that target retail use, RLUSD is designed for enterprise applications, specifically to enhance speed, reduce costs, and increase transparency. On the other hand, BNY Mellon could provide Ripple with key transaction banking capabilities to support operational scale.

Bitcoin is once again at the edge of uncharted territory. After briefly breaking its all-time high by just $40 yesterday, BTC now hovers just below the critical $112,000 mark—its final resistance before true price discovery begins. Bulls remain firmly in control of the trend, but market participants are watching closely for a decisive breakout to […]

Bitcoin is once again at the edge of uncharted territory. After briefly breaking its all-time high by just $40 yesterday, BTC now hovers just below the critical $112,000 mark—its final resistance before true price discovery begins. Bulls remain firmly in control of the trend, but market participants are watching closely for a decisive breakout to confirm the next leg higher.

What makes this moment particularly striking isn’t just the price action—it’s the behavior of investors behind the scenes. According to top analyst Darkfost, Bitcoin inflows to Binance are collapsing, reaching their lowest levels of the entire market cycle. This signals a major shift in sentiment: long-term holders appear unwilling to part with their BTC, even as prices approach record highs.

Traditionally, inflows to exchanges are a proxy for potential sell pressure. The sharp drop in these inflows suggests that investors are not preparing to sell but are instead holding tightly, anticipating further upside. This combination of a strong price structure and reduced sell-side risk makes this moment historic. A breakout above $112K would not only confirm bullish dominance, but it could open the gates to the next phase of Bitcoin’s bull run.

Exchange Inflows Collapse As Bitcoin Eyes Price Discovery

Bitcoin is setting the stage for what could be an expansive breakout, but uncertainty remains as bulls struggle to push above the $112,000 level with conviction. Despite reaching a new all-time high by just $40, BTC has not yet confirmed the breakout that would initiate a true move into price discovery. Still, broader macroeconomic conditions—such as record highs in US equities, easing global tensions, and robust job market data—paint a supportive backdrop for risk assets.

What’s particularly noteworthy in this moment is investor behavior. According to fresh data, BTC inflows to Binance have collapsed to levels not seen since the depths of the bear market. The monthly average of BTC sent to Binance sits at roughly 5,300 BTC, but the latest daily figure hovers near 4,600 BTC. These historically low inflows, paired with bullish price action, suggest investors are holding strong rather than preparing to sell.

Unlike outflows, which are often skewed by internal exchange movements, inflows offer a cleaner signal of potential sell pressure. Bitcoin transferred to an exchange typically reflects an intent to sell, or at least the option to. The fact that so few BTC are moving into Binance, the largest global exchange, indicates that investors are not eager to take profits.

Instead, this behavior reflects growing conviction in Bitcoin’s long-term potential. As BTC tests its final resistance, the market seems to lack the typical overhead pressure that would otherwise trigger a correction. If buyers manage to push BTC cleanly above $112K, this rare mix of low inflows and strong sentiment could launch the asset into a powerful new leg upward.

BTC Price Analysis: Bulls Test Final Resistance Below

Bitcoin is trading at $111,153 after briefly breaking to a new all-time high. The daily chart shows BTC consolidating just below the key resistance level at $112,000, which previously marked the top in late May. Price action has been constructive over the past several weeks, forming a series of higher lows and maintaining strong support above $109,300. This area has now flipped into short-term support and will likely act as the first defense if a rejection occurs.

The 50-day moving average (blue) is trending upward and sits just above $106,800, closely followed by the 100-day moving average (green) at $99,865—indicating solid mid-term momentum. The 200-day moving average (red) remains well below at $96,672, confirming the broader bullish trend is still intact.

Volume has not significantly expanded despite the new all-time high, suggesting this move lacks full conviction, at least for now. If BTC can hold above $109,300 and decisively push beyond $112,000, we could see a strong continuation toward price discovery levels. However, failure to break above may lead to another round of consolidation.

Featured image from Dall-E, chart from TradingView

Data shows the cryptocurrency derivatives market has seen a huge amount of liquidations following Bitcoin’s surge to a new all-time high (ATH). Bitcoin Has Rallied To A New Price Record After prolonged consolidation just under the ATH, Bitcoin has finally broken through to set a new record. Although brief, BTC’s move saw it touch the […]

Data shows the cryptocurrency derivatives market has seen a huge amount of liquidations following Bitcoin’s surge to a new all-time high (ATH).

Bitcoin Has Rallied To A New Price Record

After prolonged consolidation just under the ATH, Bitcoin has finally broken through to set a new record. Although brief, BTC’s move saw it touch the $112,000 mark.

Below is a chart that shows how the asset’s recent performance has been like:

As is visible in the graph, Bitcoin has seen a small retracement to $111,000 since the ATH-setting surge. In typical fashion, this move from the original digital asset has sent a bullish wave across the sector, with altcoins observing jumps of their own.

Many of them have outperformed BTC, including Ethereum (ETH), which has seen a profit of around 4.5% during the past day. A notable performer among the top coins has been Sui (SUI), observing a rise of over 9% in this window.

With the bullish price action in the sector, the investors betting on a bearish outcome over at the derivatives side have naturally been dealt a blow.

Crypto Market Liquidations Have Crossed $500 Million

According to data from CoinGlass, the derivatives exchanges have registered significant liquidations over the last 24 hours. Below is a table showcasing the relevant numbers.

In total, the cryptocurrency market as a whole has faced liquidations of almost $528 million in this period. Out of these, $453 million in liquidations, representing 85% of the total, came from the short investors alone.

In terms of the individual symbols, Bitcoin and Ethereum contributed the most toward the squeeze, with $225 million and $148 million in liquidations, respectively.

Mass liquidation events like this latest one aren’t a particularly rare sight in the cryptocurrency sector, due to coins being relatively volatile and extreme amounts of leverage being easily accessible.

There have been a couple of major short squeezes during the last few weeks alone. According to the analytics firm Glassnode, however, the latest event has seen different behavior in the Open Interest. The “Open Interest” is an indicator that keeps track of the total amount of positions related to Bitcoin that are currently open on all centralized derivatives platforms.

When mass liquidation events happen, it’s not unusual to see the Open Interest drop as investors get liquidated or exit the market. This happened with the last two short squeezes and also the latest one.

It’s apparent from the chart, though, that while Open Interest remained down after the previous rallies, it quickly bounced back up following the initial drop during the latest one. This trend could point toward fresh long positioning occurring in the sector.

The cryptocurrency market has witnessed a sharp rally, led by Bitcoin (BTC) and Ethereum (ETH), after a surprising macroeconomic catalyst. Reports reveal that following US President Donald Trump’s urgent call for an aggressive rate cut, the price of BTC and ETH, as well as several other cryptocurrencies and stocks, skyrocketed.  Bitcoin Hits New ATH After […]

The cryptocurrency market has witnessed a sharp rally, led by Bitcoin (BTC) and Ethereum (ETH), after a surprising macroeconomic catalyst. Reports reveal that following US President Donald Trump’s urgent call for an aggressive rate cut, the price of BTC and ETH, as well as several other cryptocurrencies and stocks, skyrocketed. 

Bitcoin Hits New ATH After Trump’s Rate Cut Call

On June 9, Trump took to Truth Social to call for a significant cut to the Federal Reserve (FED) Interest rate. Considering the current economic and political situation in the United States, this announcement immediately sparked bullish sentiment and momentum across the financial sectors. 

Within minutes of Trump’s post, Bitcoin surged past the $112,000 mark, setting a new all-time high and breaking its previous record of over $111,000. Notably, Bitcoin’s price jumped dramatically to this high after hovering just below the $110,000 region. This shows just how much impact macroeconomic and political changes can have on the crypto market. 

The sudden shift in sentiment also marked a significant change in BTC’s market dynamics, breaking long weeks of price compression and sideways movement that had limited its upside potential. Notably, Trump’s unexpected statement acted as a jolt to breaking market inertia, as most cryptocurrencies, in addition to Bitcoin, had been experiencing significant downward pressure. 

In his post, the US President strongly emphasized the negative financial impacts of the country’s currently elevated interest rates, stating that they were already “at least 3 points too high.” While his rate reduction call is not an official policy move, Trump’s current influence over crypto market sentiment has been growing strong since his election and public support of digital assets. As a result, many traders or investors may have interpreted his post as a foreshadowing of future monetary easing. 

According to CoinMarketCap, the Bitcoin price has retraced slightly from its ATH level of $112,000 to around $111,173, reflecting a modest 2.21% increase in the past 24 hours. This recent surge has also extended toward lower-cap cryptocurrencies like Ethereum, Cardano, XRP, which have gained between 4% and 6%.  

Ethereum Follows Bitcoin’s Lead In Gains

Tracing Bitcoin’s path, Ethereum has also experienced a notable rally following Trump’s rate cut call. The top altcoin surged by about 5% to $2,746—the highest level reached in nearly a month. Although the gains were partly due to the sentiment flip from Bitcoin’s upward momentum, ETH benefited significantly from its own investor inflows as traders looked to capitalize on the growing market strength. 

In recent weeks, Ethereum lagged in both performance and price behind Bitcoin. The cryptocurrency had been caught in a prolonged consolidation phase and price decline. However, the recent rally, however small, now indicates that confidence may be returning to altcoins. At the time of writing, Ethereum continues its upward momentum, trading at $2,792 with a 6.43% gain in the past day.

The Royal Government of Bhutan has transferred a significant portion of its Bitcoin holdings to Binance, raising speculation about potential asset offloading during a high point in the market. According to data from blockchain analytics platform Arkham, Bhutan moved 212.31 BTC, worth roughly over $23 million, to a Binance deposit address early Thursday, just hours […]

The Royal Government of Bhutan has transferred a significant portion of its Bitcoin holdings to Binance, raising speculation about potential asset offloading during a high point in the market.

According to data from blockchain analytics platform Arkham, Bhutan moved 212.31 BTC, worth roughly over $23 million, to a Binance deposit address early Thursday, just hours after Bitcoin briefly surpassed its previous all-time high.

Strategic Transfers and Onchain Footprints

This is not the first such transaction from the Himalayan kingdom. Arkham data reveals that this latest transfer comes just one week after Bhutan deposited 136.99 BTC (valued at over $14 million) to the same exchange.

The frequency and timing of these transactions have drawn attention, particularly as they appear to coincide with Bitcoin’s price peaks. Notably, a similar deposit worth $33 million was made in November 2024 when Bitcoin was approaching the $100,000 mark.

Although Bhutan has not made a public statement explaining these movements, onchain analysts often interpret large deposits to centralized exchanges as a precursor to potential sales.

These transactions continue a pattern of activity suggesting that the country may be using market rallies as opportunities to liquidate portions of its digital asset holdings.

As of now, Bhutan retains approximately 11,711 BTC, valued at over $1.2 billion, making up about 40% of its gross domestic product, according to Arkham data. Its only other notable cryptocurrency holding is 656 ETH (roughly $1.8 million), some of which was transferred to Binance in May.

The assets are managed through Druk Holding & Investments, the country’s state-owned investment firm. This centralized oversight has allowed Bhutan to quietly build a sizable digital asset portfolio over the past few years.

In fact, Bhutan now ranks as the sixth-largest known nation-state holder of Bitcoin. It follows the United States, China, the United Kingdom, Ukraine, and North Korea, according to public data aggregated by Bitcoin Treasuries.

Hydropower, Bitcoin Mining, and Self-Sustained Reserves

Unlike several other countries that have accumulated Bitcoin via asset seizures and legal enforcement actions, Bhutan appears to have taken a different route.

According to blockchain data and transaction patterns, the country has mined much of its BTC directly, reportedly through mining pool services like Ant Pool.

Bhutan’s mining operations are believed to make use of its supply of hydroelectric energy, offering a relatively low-cost and environmentally sustainable means of acquiring Bitcoin.

This mining-centric approach aligns with Bhutan’s broader economic strategy of using renewable energy to drive digital innovation. By converting its hydroelectric surplus into Bitcoin, Bhutan is capitalizing on a clean energy advantage in a space often criticized for its environmental footprint.

Featured image created with DALL-E, Chart from TradingView