The on-chain analytics firm Glassnode has pointed out how $136,000 could be the next price level of importance for Bitcoin, if current momentum continues. This Bitcoin Short-Term Holder Cost Basis Level Is Situated At $136,000 In a new thread on X, Glassnode has discussed what a few different on-chain indicators suggest regarding where Bitcoin is in the current cycle. The first metric shared by the analytics firm is the Short-Term Holder (STH) Cost Basis, which measures the average acquisition price of the investors who purchased their coins within the past 155 days. Related Reading: Bitcoin Falls Below $117,000 Amid $3.5 Billion Profit-Taking Frenzy Below is a chart showing the trend in this metric over the last couple of years. As displayed in the graph, the Bitcoin price broke above the STH Cost Basis earlier in the year and has since remained above the line, indicating the STHs as a whole have been in a state of net profit. In the same chart, the analytics firm has also marked a few other levels, each corresponding to a specific standard deviation (SD) from the STH Cost Basis. With the recent price surge to a new all-time high (ATH) above $123,000, BTC was able to breach the +1 SD level, which has historically corresponded to heated market conditions. After the pullback, though, the coin has returned below the mark, but still remains close to it. “If this momentum continues, the next key level is $136k (2 +std), a zone that has historically marked elevated profit-taking and local market peaks,” explains Glassnode. While Bitcoin is still not overheated from the perspective of the STH Cost Basis model, other indicators paint a different picture. The STH Supply In Profit, an indicator tracking the percentage of the cohort’s supply that’s sitting on some gain, has recently surged far above the 88% threshold that has separated high-risk euphoric phases. Another metric, measuring the percentage of STH volume that’s leading to profit realization, also similarly saw a jump significantly above the historical overheated cutoff of 62%. “Such spikes often occur multiple times in bull markets, but repeated signals at these levels typically precede local tops and warrant caution,” notes the analytics firm. During this spike of profit-taking, the ratio between the profit and loss being realized by the Bitcoin STHs spiked to a 7-day exponential moving average (EMA) value of 39.8. This is a value that’s, once again, extreme by historical standards. That said, spikes like this have generally occurred multiple times over the course of a cycle, before a top is finally attained. Related Reading: Bitcoin Returns Under $117,000: Is Social Media FOMO To Blame? “Historically, cycle tops follow with a lag, leaving room for further upside,” says Glassnode. “However, risk is elevated and the market becomes increasingly sensitive to external shocks. The current pullback aligns with this pattern.” BTC Price At the time of writing, Bitcoin is floating around $118,800, up more than 8% in the last seven days. Featured image from Dall-E, Glassnode.com, chart from TradingView.com Source: newsbtc.com (Read Full Article) 💡 DMK Insight DMK Insight: The identification of $136,000 as a critical price level for Bitcoin highlights the importance of monitoring on-chain metrics for future price movements. As short-term holders react to these levels, their behavior can significantly influence market dynamics, potentially leading to increased volatility. Investors should consider how these thresholds might shape trading strategies in the coming weeks. 📮 Takeaway Monitor Bitcoin's price action around $136,000 to gauge market sentiment and potential volatility.
Bitcoin Dominance Just Got Rejected From TSDT Resistance That Triggered Last Altcoin Season — Details
Bitcoin Dominance (BTC.D) has hit a critical turning point after getting sharply rejected from a TSDT resistance level that previously marked the start of a massive altcoin season. As the market reacts to this technical signal, analysts are closely watching for signs that a new altcoin season could be underway—one that could potentially mirror the explosive shift seen in 2021. Bitcoin Dominance Chart Signals Repeat Of 2021 Altcoin Season A new crypto analysis by market expert Tony Severino, posted on X social media on July 15, reveals that Bitcoin Dominance has once again faced a sharp rejection from the crucial TSDT resistance area near 65%. This level represents a technical ceiling that previously triggered a complete rotation of capital from BTC to alternative cryptocurrencies, fueling the famous altcoin season in early 2021. Related Reading: Bitcoin Dominance Falls: 9 Factors To Watch For That Says The Altcoin Season Has Begun The analyst’s monthly chart shows Bitcoin Dominance steadily climbing from mid-2022, peaking at around 65% in July 2025 before being rejected. This behavior mirrors the price action observed in late 2020 to early 2021, when BTC.D also reached this zone, got rejected, and then plunged—triggering a full-blown altcoin rally. Currently, Severino’s chart shows that Bitcoin Dominance sits at approximately 64.07%, just under the TDST resistance at 63.83%, with a notable candle forming after a strong uptrend. The analyst has indicated that if history repeats itself in this current cycle, it may result in a similar capital inflow into altcoins, possibly igniting the next altseason. Furthermore, the chart outlines key technical thresholds, including the TDST resistance, a TDST risk around 57.11%, and TDST support down at 40.08%. A decline toward these lower levels would indicate a significant drop in BTC dominance and further reinforce a pro-altcoin environment. Altcoin Supercycle Incoming Crypto analyst Merlijn The Trader has also shared insight on the possibility of an explosive altcoin season this bull cycle. The analyst stated on X that a historical pattern between the US Dollar Index (DXY) and Bitcoin Dominance appears to be repeating, signaling the beginning of a new altcoin supercycle. Related Reading: Altcoin Season Index Spikes Above 30, But Bitcoin Dominance Remains High, What Next? According to his chart, three major DXY bull traps have been identified since 2016, each followed by a dramatic decline in BTC.D and a strong rally in the altcoin market. The first two DXY bull traps, which occurred around 2017 and 2020, both triggered significant breakdowns in BTC.D—plunging from over 90% to around 35% in 2018, and again in 2021. These breakdowns marked the start of powerful runs, now recognized by the analyst as altcoin supercycles. The current market structure now suggests that the next leg lower could be imminent, with BTC.D beginning to trend downward again. If history repeats itself, this setup implies a weakening dollar, declining Bitcoin Dominance, and the potential for altcoins to outperform significantly in the coming months. Featured image from Pixabay, chart from Tradingview.com Source: newsbtc.com (Read Full Article) 💡 DMK Insight DMK Insight: The recent rejection of Bitcoin Dominance from a key resistance level suggests a potential shift in market dynamics, where altcoins may gain traction. This pivotal moment could indicate that investors are looking for diversification beyond Bitcoin, which historically precedes an altcoin season. Traders should remain vigilant as these shifts can lead to significant opportunities in the altcoin market. 📮 Takeaway Monitor Bitcoin Dominance closely for signs of an impending altcoin season.
Massive Whale Profits $15 Million—Now Betting Big On Ethereum To Crash
A well-known crypto whale has made a big move against Ethereum, opening a $62.42 million short position using 18x leverage. The trader, identified by the wallet address “0x2258…”, is betting heavily that ETH won’t climb anytime soon—and so far, the gamble is paying off. Related Reading: Avalanche Shatters Record With 20M Transactions—Is Real-World Use Finally Here? Based on blockchain data monitored via Hyperdash, the whale shorted 20,474 ETH at an entry point of $3,060. As ETH has been trading at levels lower than $3,000 at the time of writing, the whale is already enjoying an unrealized profit of approximately $1.14 million, or returns of 30%. Ethereum Under Pressure Below $3,500 The liquidation value of the position is at $3,505 — near where ETH traded previously in January 2025. That point is now serving as very powerful resistance. If the price exceeds that level, the position stands to be completely liquidated. Whale 0x2258, who’s already made over $15M, is shorting $ETH with 18x leverage, holding a position of 20,474 $ETH($62.5M). This whale has previously profited big by trading against James Wynn.https://t.co/BALllYbUXbhttps://t.co/NhOE1YD4QN pic.twitter.com/7k5ZE81Noa — Lookonchain (@lookonchain) July 15, 2025 Despite that narrow buffer, the trader seems confident. The use of 18x leverage suggests a high-conviction call that ETH will drop further or, at the very least, won’t bounce past that resistance level in the short term. This kind of heavy shorting is raising eyebrows in a market that’s still undecided on whether Ethereum can regain bullish momentum alongside Bitcoin. Track Record Of Outsmarting James Wynn This isn’t the first time “0x2258…” has stepped in with bold trades. The wallet has gained a reputation for taking positions that go directly against crypto influencer James Wynn—often with profitable results. Back in May, Wynn went long on ETH and Bitcoin. Almost immediately, 0x2258 shorted both. When Wynn closed his positions, 0x2258 did the same and walked away with $1.36 million. The next day, as Wynn flipped bearish, 0x2258 went long and bagged another $2.54 million. The back-and-forth continued. By May 26, the whale had locked in $5.6 million in profits in just three days. Since then, the strategy has snowballed into more than $15 million in realized gains, most of it from flipping against Wynn’s positions. Related Reading: If You’re Wealthy, 1 Bitcoin Should Already Be In Your Wallet, Expert Says Big Bet Reflects Uncertainty In ETH’s Path While Bitcoin continues to break through key resistance zones, Ethereum seems stuck in a tougher fight. Traders like 0x2258 appear to believe that ETH lacks the strength right now to push past the $3,500 level. Still, shorting with this level of leverage is a double-edged sword. If ETH bounces sharply, traders like 0x2258 could get caught in a squeeze, forced to buy back in at a loss—driving the price up even faster. So far, though, the whale is winning again. Whether it ends in another multi-million-dollar gain or a hard reset depends on what ETH does next. For now, the market is waiting to see what happens next. Featured image from Meta, chart from TradingView Source: newsbtc.com (Read Full Article) 💡 DMK Insight DMK Insight: The actions of this crypto whale signal a growing bearish sentiment towards Ethereum, which could influence other traders' strategies. Such significant short positions often reflect a lack of confidence in the asset's near-term performance, potentially leading to increased volatility in the market. As more traders observe these moves, it may create a cascading effect on ETH's price dynamics. 📮 Takeaway Monitor whale activity as it can indicate broader market sentiment shifts.
Bitcoin Price Still Not Overheated Says Top Metrics, Is $150k Close?
The Bitcoin price has been cooling off on low timeframes, while the altcoin markets take advantage to trend higher. The top cryptocurrency has been struggling as major holders take profit at BTC’s current level. Related Reading: Altcoin Season Index Spikes Above 30, But Bitcoin Dominance Remains High, What Next? At the time of writing, the Bitcoin price trades around $118,800 with a 2% gain over the last 24 hours and a 9% gain over the past week, according to data from CoinGecko. Conversely, Ethereum, XRP, and Dogecoin have seen gains north of 16% on similar timeframes. BTC’s price trends to the upside on the daily chart. Source: BTCUSD on Tradingview Bitcoin Price At Critical Levels, More Gains On The Horizon Following a major upside push from below $100,000, the Bitcoin price broke a persistent downtrend and managed to hit a fresh all-time high close to its current levels. As mentioned, a report from on-chain analytics firm Glassnode claimed an increase in profit taking from short-term holders. As these players exited the market, taking over $3.5 billion in profits in just 24 hours, the Bitcoin price lose steam and began moving sideways. While Bitcoin has been on a violent bull run, there are still fears of a major pullback from the $118,000 area to the support zone at around $110,000. However, a report from CryptoQuant, with data from top analyst Crypto Dan, suggests that the Bitcoin bull run still has some room for another leg up. As seen in the chart below, the current BTC market is nowhere near the overheated levels recorded in March and December of 2024. BTC’s Realized Cap Age Bands as measured by UTXOs far from previous bear market levels. Source: Crypto Dan via CryptoQuant The CryptoQuant post stated the following, sharing an insight from Crypto Dan: (…) unlike in March and December 2024, on-chain data indicating market overheating shows that the market still hasn’t reached an overheated state. Despite the price rising even higher, the fact that overheating has significantly decreased compared to previous short-term peaks suggests that Bitcoin could continue to break all-time highs and rise significantly in the second half of 2025, leaving strong potential for growth. Bitcoin Bull Run Far From Over? In this context, and if bulls are able to sustain the momentum, Bitcoin is likely heading for higher. As NewsBTC covered earlier, a prediction from a top analyst claims that the levels of BTC adoption are unprecedented. Related Reading: This Fibonacci Level Puts The Dogecoin Price Above $10 This Cycle As such, the analyst said that the ‘real Bitcoin move’ is only about to begin. The analyst stated: I have a high degree of confidence that we’ll see $400k by the end of this year. This target might be too conservative. Cover image from ChatGPT, BTCUSD chart from Tradingview Source: newsbtc.com (Read Full Article) 💡 DMK Insight DMK Insight: The current cooling of Bitcoin's price indicates a potential shift in market dynamics, as major holders capitalize on gains. This profit-taking behavior could signal a transitional phase where altcoins gain traction, reflecting a broader market sentiment that favors diversification. Investors should remain vigilant, as these movements may affect overall market stability and future trends. 📮 Takeaway Monitor altcoin performance as Bitcoin consolidates; shifts in dominance can present new opportunities.
The Impact of a Solana ETF on SOL Price and Market Liquidity
We see that the emergence of exchange-traded funds (ETFs) tied to crypto assets has reshaped how institutional and retail investors engage with the market. Following the success of Bitcoin and The post The Impact of a Solana ETF on SOL Price and Market Liquidity appeared first on NFT Evening. Source: nftevening.com (Read Full Article) 💡 DMK Insight DMK Insight: The introduction of crypto ETFs marks a significant shift in market dynamics, providing both institutional and retail investors with easier access to digital assets. This increased accessibility could lead to greater market liquidity and potentially stabilize price fluctuations, particularly for assets like Solana. As more ETFs enter the market, their influence on investor behavior and asset valuation will be crucial to monitor. 📮 Takeaway Investors should watch ETF developments closely, as they can significantly impact market liquidity and asset prices.
Pump.fun Price Prediction: PUMP Price Forecast Pre-TGE
Pump.fun has just successfully completed its ICO presale with great success and is preparing for listing on spot exchanges. It is one of the most anticipated launches on Solana this The post Pump.fun Price Prediction: PUMP Price Forecast Pre-TGE appeared first on NFT Evening. Source: nftevening.com (Read Full Article) 💡 DMK Insight DMK Insight: The successful ICO presale of Pump.fun highlights the growing interest in innovative projects within the Solana ecosystem. As it prepares for its exchange listing, market participants should consider the potential volatility that often accompanies new launches, as initial enthusiasm can lead to rapid price fluctuations. This situation serves as a reminder of the importance of thorough research and risk management in the crypto space. 📮 Takeaway Stay informed and exercise caution when trading newly listed tokens to manage potential volatility.
How Pump.fun Achieved a $500 Million ICO Raise in Just 12 Minutes
On July 12, 2025, Pump.fun – a platform for creating and trading memecoins on Solana – launched the ICO for its PUMP token. 125 billion tokens, representing 12.5% of the The post How Pump.fun Achieved a $500 Million ICO Raise in Just 12 Minutes appeared first on NFT Evening. Source: nftevening.com (Read Full Article) 💡 DMK Insight DMK Insight: The rapid success of Pump.fun's ICO highlights the growing appetite for innovative financial instruments within the crypto space, particularly in the realm of memecoins. This event underscores the potential for platforms that combine entertainment with investment, but it also raises questions about sustainability and the long-term value of such tokens. Investors should remain cautious, as the volatility associated with memecoins can lead to significant risks despite initial hype. 📮 Takeaway Monitor the sustainability of new crypto projects before investing in their tokens.
PENGU with a Remarkable 212% Growth in 30 Days
Over the last 30 days, PENGU, the token tied to the well-known Pudgy Penguins NFT collection, surged by 212%. It ranks among the best-performing NFT tokens recently and has drawn The post PENGU with a Remarkable 212% Growth in 30 Days appeared first on NFT Evening. Source: nftevening.com (Read Full Article) 💡 DMK Insight DMK Insight: The impressive 212% growth of PENGU highlights the increasing interest in NFT-related tokens, suggesting that market sentiment around digital collectibles is shifting positively. This surge may indicate a broader trend where investors are looking for value in established NFT brands, potentially leading to further investment in similar projects. As the NFT market evolves, the performance of tokens like PENGU could serve as a bellwether for the health of the sector. 📮 Takeaway Monitor established NFT brands for potential investment opportunities as market sentiment shifts.
TAC (TAC) Listed on Binance Futures and Binance Alpha
On July 15, 2025, Binance officially announced the listing of TAC tokens on two major platforms: Binance Alpha and Binance Futures. This move significantly broadens TAC’s access to the investor The post TAC (TAC) Listed on Binance Futures and Binance Alpha appeared first on NFT Evening. Source: nftevening.com (Read Full Article) 💡 DMK Insight DMK Insight: The listing of TAC tokens on prominent platforms like Binance Alpha and Binance Futures marks a critical step in enhancing liquidity and visibility for the asset. This strategic move not only attracts a wider investor base but also signals growing institutional interest in the token, potentially influencing its market dynamics. As more tokens gain traction on major exchanges, it underscores the importance of platform partnerships in the evolving crypto landscape. 📮 Takeaway Monitor TAC's performance on Binance to gauge market sentiment and potential investment opportunities.
Ethereum Inflows Surge: What The Data Tell Us
Ethereum has recently seen a surge in institutional inflows, with multiple data points pointing to a structural shift in market sentiment. From record-breaking ETF inflows to significant outflows from centralized The post Ethereum Inflows Surge: What The Data Tell Us appeared first on NFT Evening. Source: nftevening.com (Read Full Article) 💡 DMK Insight DMK Insight: The recent uptick in institutional interest in Ethereum suggests a growing confidence among large investors, potentially signaling a shift towards more mainstream adoption of cryptocurrencies. This trend could lead to increased market stability and further innovations within the Ethereum ecosystem, as institutional players often bring in not just capital but also strategic partnerships and regulatory clarity. As the landscape evolves, it will be crucial for investors to monitor these inflows and the broader implications for market dynamics. 📮 Takeaway Watch for continued institutional interest as a key indicator of Ethereum's market trajectory.