Ethereum is trading above the $2,150 level after pulling back from recent highs near $2,380 reached earlier this week, reflecting a cooling phase following a short-term surge in bullish momentum. The retrace suggests that while buyers were able to push prices higher, follow-through demand remains limited as the market digests recent gains.
Related Reading
Beneath the surface, derivatives data is revealing a more consequential shift in market structure. According to a CryptoQuant analysis, Ethereum leverage on Binance has not only recovered from the October 10 market-wide deleveraging event, but has now expanded to new highs. Notably, Binance stands out as the only major exchange where leverage metrics have fully surpassed previous levels, signaling a concentrated buildup of risk.
This development carries important implications. The rapid re-expansion of leverage suggests that traders are once again increasing exposure through derivatives, reinforcing Binance’s role as the primary venue for ETH positioning. More importantly, it indicates that price discovery is increasingly being driven by leveraged activity rather than spot demand.
In this context, Ethereum’s current structure reflects a market where momentum is still present, but increasingly dependent on derivatives-driven flows rather than organic accumulation.
Leverage Dominates Ethereum’s Market Structure
The analysis highlights a critical shift in Ethereum’s derivatives landscape. The Estimated Leverage Ratio (ELR)—which measures open interest relative to exchange reserves—shows that over 75% of ETH exposure on Binance is now leveraged. At the same time, Binance holds approximately 3% of the total ETH supply, around 3.4 million ETH, underscoring the exchange’s central role in price formation.
What stands out is the speed of this leverage expansion. Rapid gains and minimal consolidation suggest that derivatives activity, not sustained spot demand, drove much of Ethereum’s recent upside. This creates a structurally different market environment.
Leverage-driven markets tend to behave asymmetrically. While they can extend trends aggressively in the short term, they also become increasingly fragile as positioning builds. Crowded trades emerge, where even minor catalysts—whether macro, technical, or liquidity-driven—can trigger liquidation cascades and sharp reversals.
In this context, the signal is unambiguous: leverage is leading the move, not confirming it. While this dynamic can support continuation in the near term, it also elevates the probability of sudden volatility spikes.
Related Reading
Ethereum Struggles to Reclaim Structure After Breakdown
Ethereum’s daily chart shows a fragile recovery attempt following a decisive breakdown below key support levels, with price currently hovering around the $2,150–$2,200 region. The sharp decline in early February marked a clear loss of structure, as ETH fell below its 200-day moving average, confirming a shift from bullish to corrective conditions.
Since that breakdown, price has been attempting to stabilize, forming a short-term base between $1,900 and $2,200. The recent bounce toward $2,300 indicates some return of demand, but the move lacks strong continuation, suggesting that buyers are still cautious.
Related Reading
Technically, Ethereum remains below all major moving averages, which are now sloping downward and acting as dynamic resistance. The rejection near the short-term averages reinforces the idea that the market is still in a bearish or transitional phase, rather than a confirmed recovery.
Volume patterns add further context. The initial selloff was accompanied by a significant spike in volume, indicative of forced liquidations, while the subsequent recovery has occurred on relatively lower participation—pointing to limited conviction behind the bounce.
For Ethereum to regain momentum, a sustained reclaim of the $2,300–$2,500 zone is required. Until then, price action remains vulnerable to further downside pressure.
Featured image from ChatGPT, chart from TradingView.com
Cardano crypto prezzo: ADA at a key $0.25–0.26 support zone in a bearish regime The Cryptonomist
Source link ]]>
After an extended period of relative stability, Bitcoin has entered a renewed phase of volatility, with price swings accelerating to levels not seen in nearly a year. The sudden shift signals a potential turning point in market dynamics, as tightening liquidity conditions, changing investor sentiment, and increased trading activity drive sharper movements across the crypto market.
How Rising Volatility Signals A Change In Market Regime
Bitcoin volatility has returned to levels not seen in almost a year. A full-time crypto trader and investor, Daan Crypto Trades, has highlighted on X that ever since the tariff-related market dump, BTC price action has remained unusually slow, and it is rare to see a daily candle move of 5% or more. Over the past few weeks, the broader market breakdown has seen a notable change.
The rise in volatility mirrors broader instability across all other markets, which is definitely not a calm period for markets around the world. Meanwhile, elevated volatility often creates attractive opportunities for short-term traders. Daan emphasized that his primary focus remains on the next larger market swing and accumulating BTC at the lowest possible levels, with a long-term horizon in mind.
According to investor Jelle, buying Bitcoin at the bottom of the last cycle is not because he anticipated the exact price, but because the market showed remarkable resilience following the collapse of FTX. When FTX collapsed, BTC sold off roughly 20%, but in a market deep into a bear phase, the price action began moving sideways, sweeping previous lows and eventually forming higher lows.
After months of downside, the market had already absorbed so much negative information that even a major systemic shock failed to drive prices significantly lower. Jelle noted that these structural shifts bear losing strength and bulls gradually regaining control are the key signals he is watching for again.
While there are price levels where he’s willing to take action, the decision ultimately depends on the broader market context. The focus is on bears losing momentum and bulls starting to show early signs of strength, because the market will eventually show its resilience.
From Accumulation To Price Discovery
Bitcoin has entered a critical accumulation phase that could define the next nine months of the cycle. Analyst Aralez stated that the price has entered a zone where the market will form a bottom, but growth should not be expected within 3 to 5 months of accumulation before the breakout.
However, the outlook suggests that this accumulation phase will eventually resolve to a decisive move higher, leading to a new all-time high near $130,000. After a confirmed break above $126,000, it could open the door to $250,000. Under this scenario, Ethereum and other high-cap altcoins are expected to follow BTC’s momentum. Also, altseason and Memecoin season will revive, showing 100 times growth in days.
]]>After weeks of unusually tight price action, Bitcoin is set to break free from its prolonged volatility compression. With price now expanding beyond its narrow range, liquidation activity is increasing, and stronger reactions to macro and on-chain catalysts are renewing momentum. This shift suggests that BTC is entering a phase where wider daily ranges and heightened market participation are likely to dominate the near-term structure.
What This Volatility Expansion Means For The Next Major Trend
Bitcoin has officially entered a new volatility regime, and a major change in market structure is driving the shift. Analyst AliceMia has revealed on X that, for the first time, options open interest has surpassed futures open interest, signaling that price action is no longer dominated primarily by leveraged speculation and liquidation cascades. In contrast, BTC is now being influenced more by hedging flows, dealer positioning, and volatility structures.
Related Reading
As a result, the price behavior is changing. Rather than clean, straight-line breakouts fueled by forced liquidations, the market is seeing more magnet-level reactions around major strike levels and expiries. BTC price is moving from a casino market to a structured market. This is usually what happens before the bigger and more sustained moves happen.
Bitcoin continues to consolidate inside the weekend range, which often acts as engineered liquidity during the following week. Crypto trader Lennaert Snyder highlighted that the preferred scenario for long trades would be if BTC continues to range higher through Sunday and sweeps the weekend liquidity on Monday/Tuesday.
According to Snyder, all eyes are on the US Open, and he will only prolong the sweep of the weekend liquidity if BTC breaks the structure by regaining the $95,820 high. Only after that structural break would long positions make sense, with the monthly high as the primary target. From there, a higher price is expected.
On the downside, the $94,635 low is still the level that must hold. As long as the price is above that on the higher timeframes, the bullish structure remains intact. However, if BTC loses that level and trades back into the previous range, momentum is likely to flip bearish. In that case, after confirmation, a short setup could become valid. Trader Snyder concluded that, as for Ethereum, the plan remains unchanged from the previous one.
Deviation Confirmation Could Trigger The 2026 Super Rally
The Bitcoin weekly plan is unfolding exactly as expected. Trader Alienopstrading also stated that shorts remain the focus for now since the $110,000 to $120,000 zone. BTC’s price has entered a minor consolidation and will see a move akin to what the analyst mapped out earlier.
Related Reading
Once the lows are swept and BTC confirms the deviation, we could finally witness the 2026 super rally that many have been anticipating. “Just like I give you the top, I also want to give you the bottom,” Alienopstrading noted.
Featured image from Pixabay, chart from Tradingview.com
Cardano Price: How Legal Regime Differences Shape Corporate Transparency and Investor Perception in Blockchain Firms AInvest
Source link ]]>
Charles Hoskinson Lauds CZ as “Greatest Crypto Entrepreneur,” Says America’s Weaponized Regime Trapped Him The Crypto Basic
Source link ]]>
Crypto-focused investment management firm Monochrome Asset Management Pty Ltd and its responsible entity partner Vasco Trustees Ltd filed an updated spot Bitcoin ETF application with the Australian Securities Exchange (ASX). Monochrome Bitcoin ETF (IBTC) is the first spot Bitcoin ETF under Australia’s new regulatory framework and will have direct exposure to Bitcoin.
Australia’s First Spot Bitcoin ETF Under New Regulations
In an official announcement on July 14, Monochrome Asset Management said its partner, Vasco Trustees filed an updated application for the Monochrome Bitcoin ETF (IBTC) with the Australian Securities Exchange (ASX).
Monochrome’s partner Vasco has an Australian Financial Services Licence to offer retain investors direct and regulated exposure to crypto-assets Bitcoin (BTC) and Ethereum (ETH). The Monochrome Bitcoin ETF and the Monochrome Ethereum ETF are the two managed ETF investment products.
“In an Australian first, IBTC is a way for retail investors to own bitcoin in a single regulated structure that gives them an absolute entitlement to their underlying bitcoin.”
Monochrome CEO Jeff Yew took to Twitter to reveal that Australia has joined the spot Bitcoin ETF race. He added, “Through a Bitcoin ETF, it makes it possible for them to buy and use the asset class in however they see fit with the investment choices and in a regulated manner, and also operating within the regular regulatory perimeter.”
According to the announcement, Monochrome and Vasco are supported by leading service providers including State Street Australia, Automic Pty Limited, Ernst & Young, CF Benchmarks, and Gemini Trust Company.
ASIC implemented an Australian market framework for crypto-asset exchange-traded products, enabling product clear pathways and regulatory requirements for market participants offering financial products with direct exposure to crypto-assets. It will enhance the confidence of Australian investors when considering investing in the emerging asset class.
Also Read: Europe To Get Its First Spot Bitcoin ETF This Month
Spot Bitcoin ETF Race in the US
After BlackRock filed a spot Bitcoin ETF application with the US SEC last month, others such as Fidelity Investments, Invesco, and WisdomTree followed with spot Bitcoin ETF applications. The move caused institutional investors to again pour their money into crypto asset funds, with a net inflow of $500 million in the last three weeks.
In fact, the US United States Securities and Exchange Commission (SEC) acknowledged Bitwise spot Bitcoin Exchange Traded Fund (ETF) application on Thursday.
Also Read: BinanceUS, Crypto.com Joins Coinbase and Others To Relist XRP, Price Up 87%
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The Twitter Tycoon: What Does Elon Musk’s New Regime Mean For Meme Coins Like Dogecoin, Big Eyes Coin, and Shiba Inu? Analytics Insight
Source link ]]>
Charles Hoskinson/YouTube
- Charles Hoskinson said the need for privacy could power the role of cryptocurrencies in Afghanistan.
- The ethereum co-founder expects crypto adoption to become part of the resistance against the Taliban.
- Afghanistan is ranked 20th out of 154 countries on an index that tracks global crypto adoption.
- Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
Charles Hoskinson, cardano’s founder and the co-founder of ethereum, told CNBC Tuesday that he expects cryptocurrencies to gain momentum in Afghanistan because of a rising need for more privacy.
“It is my belief that cryptocurrencies are going to play a larger role in Afghanistan this time around, in the war for and against the Taliban forces,” he said on CNBC’s “Squawk Box Asia.”
The last US military planes left Kabul airport on Monday, marking an end to America’s 20-year presence in the country. Afghans still in the country face an uncertain future, and many of those who wanted to depart were left unable to do so.
Their plight has turned the spotlight on a regressive regime that implies continued civil war and conflict, Hoskinson suggested. Strong interest in crypto could soon be a reaction to the Taliban’s overthrow of the Afghanistan government, he added.
“It’s going to be really interesting to see how that gets integrated into statecraft and how that gets integrated into resistance against a regime that clearly doesn’t care for the rights of many people and clearly wants to put in a theocracy that belongs more in the 13th century than the 21st century,” the crypto advocate said.
He didn’t say how exactly Afghans would be able to pile into cryptocurrencies, given that the country faces immense economic turmoil, or what ramifications there could be locally for the adoption of digital assets.
But data shows bitcoin adoption expanded in Afghanistan during the recent cash shortage.
Afghanistan is now ranked 20th out of 154 countries in the Chainalysis 2021 Global Crypto Adoption Index, which tracks countries with the highest levels of crypto adoption. The US stands at number 8 on the same list.
Hoskinson has previously underscored how owning digital assets could help people suffering in Afghanistan by calling for an end to financial regimes in their current form.
“I firmly believe if we change our money, and we change the institutions of how our democracy works, collectively over time as nation states, even if they exist in their existing form, we will stop tolerating these things,” he said in a video message last month.