Major cryptocurrencies are trading sideways on Wednesday morning as institutional inflows continue.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $105,776 | +0.35% |
| Ethereum ETH/USD | $2,637.6 | +0.81% |
| Solana SOL/USD | $156.6 | -3% |
| XRP XRP/USD | $2.25 | +2.3% |
| Dogecoin DOGE/USD | $0.1954 | -0.03% |
| Shiba Inu SHIB/USD | $0.00001304 | -1.3% |
Notable Statistics:
- IntoTheBlock data shows Bitcoin and Ethereum large transaction volume increased 2.4% and 33.5%, respectively. BTC’s daily active addresses went up by 10.9%. Bitcoin’s exchanges netflows surged by 228.7%.
- Coinglass data shows 67,167 traders were liquidated in the past 24 hours for $141.35 million.
- SoSoValue data shows net inflows of $378.04 million into spot Bitcoin ETFs. Spot Ethereum ETFs saw a net intflow of $109.4 million. Crypto trader Michael van de Poppe noted that over the past 12 business days, $650 million has flown into Ethereum ETFs, 20% of all inflows.
Trader Notes: Crypto trader Jelle highlights a surge in institutional and governmental fear of missing out for Bitcoin, suggesting that a new “gold rush” era may be underway as corporations and states race to secure exposure.
Jelle emphasized Bitcoin’s ongoing battle at the $105,000 level—calling it a pivotal zone.
A confirmed flip into support could send BTC surging toward $130,000, while a breakdown might lead to a retest of $95,000.
He also pointed out a major liquidation cluster above $110,000, raising the question of whether it could act as fuel for an explosive breakout.
On Ethereum, Jelle noted that price is pressing into a key resistance zone. If that area is reclaimed, he expects ETH to accelerate sharply to the upside.
For Dogecoin, trader Tardigrade pointed to the Bollinger BandWidth tightening, historically a precursor to major volatility. He predicts a huge pump for July.
XForceGlobal remains bullish on XRP, stating that all medium-term indicators point to a new all-time high. The wave patterns from XRP’s January peak to its April low show near-perfect symmetry and align closely with key Fibonacci levels (61.8% and 100%). The trader suggests this pattern hints at structured, even manipulated movement, but ultimately in a bullish direction.
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