As global markets absorbed Middle East shocks, BTC climbed above $107,000 this week, outperforming equities, bonds, and commodities. Altcoins, meanwhile, struggled to catch a bid. According to a Binance Research report on June 27, Bitcoin (BTC) weathered a volatile weekend…

BTC holds strong amid volatility, but altcoin momentum fades

Bitcoin trades near key support at $104,000, but weak volume, fading onchain 
metrics, and sticky inflation point to more price consolidation.

Bitcoin price holds range but needs fresh demand to break higher

Bitcoin returned to its familiar price range over the week after a dip last 
weekend brought its price to just under $99,000. This was followed by a bounce 
to the $106,000 price level, which has given bulls a reason to remain hopeful. 
However, on-chain data shows some deeper cracks are forming beneath the 
surface. The latest on-chain data from analytics firm Glassnode shows growing 
signs of fatigue in both spot and futures markets. These are conditions that 
may again cause Bitcoin price to retest $99,000. Price Support Holds, But 
Momentum is Clearly Fading Bitcoin has gone through multiple price swings in 
recent days, but it has found its way back to the narrow $100,000 to $110,000 
band that has defined market structure since early May. On-chain data from 
Glassnode shows that strong accumulation between $93,000 and $100,000, which 
is visible on the Cumulative Volume Delta (CBD) Heatmap, has so far served as 
a buffer zone that helped Bitcoin&#8217;s prices bounce during the most recent 
geopolitical volatility. However, market volume indicates that this structural 
support may soon face additional pressure. Related Reading: Is The Bitcoin Top 
In? Bitcoin MVRV-Score Has The Answer According to the latest weekly report by 
Glassnode, investor profitability and engagement surrounding Bitcoin are 
cooling rapidly. Specifically, a third major wave of profit-taking is causing 
the 30-day realized profit average to taper, and on-chain activity has 
decreased significantly. The 7-day moving average of on-chain transfer volume 
has dropped by about 32%, from a peak of $76 billion in late May to $52 
billion over the recent weekend. Current spot volume trading, which is now at 
just $7.7 billion, is far below the volumes seen during previous rallies. The 
lack of strong buying enthusiasm on the spot market shows that bullish 
sentiment has been replaced by caution. As such, the risk of a breakdown below 
$99,000 grows unless another wave of demand re-enters. Futures Market Also 
Cooling Off The slowdown in sentiment is not limited to the spot market. 
Although Bitcoin is attracting interest on derivatives exchanges, there are 
clear signs that futures sentiment is waning. Open interest dropped by 7% over 
the weekend, from 360,000 BTC to 334,000 BTC, and funding rates have been 
declining steadily since Bitcoin hit its Q1 2025 all-time high. Related 
Reading: Bitcoin Price Could Rally To $110,000 ATH As These Macroeconomic 
Factors Align Futures market participants had been very active through 
Bitcoin’s climb to $111,800 in May, but their conviction appears to be fading 
now. A further indication of a growing reluctance to hold long positions is 
the sharp decline in both the annualized funding rate and the 3-month rolling 
basis. Without stronger directional conviction, the futures markets may not 
provide the upside needed to push Bitcoin to new highs. This situation may 
instead contribute to additional downward pressure. So far, Bitcoin has 
respected the $93,000 to $100,000 support zone, which was heavily accumulated 
during the Q1 2025 top formation. However, with low spot volumes, on-chain 
activity slowing, and fading futures sentiment, this support could become 
tested again. If market participants with a cost basis in this zone begin to 
sell, the resulting pressure could drag Bitcoin below $99,000 again next week. 
At the time of writing, Bitcoin is trading at $107,100. Featured image from 
Pixabay, chart from Tradingview.com

Fading Spot Volumes And Muted Futures Sentiment Threaten To Send Bitcoin Below $99,000 Again

The XRP case is concluding as Ripple drops its appeal and the SEC is expected 
to follow, locking in a landmark ruling that secures XRP’s legal clarity. 
Final Moves in XRP Case: Ripple Withdraws Appeal, SEC Set to Join A pivotal 
chapter in the XRP saga is closing as the long-running case officially comes 
to […]

XRP Legal Saga Concludes as Ripple Withdraws Appeal, SEC Expected to Follow

Hackers and threat actors continue to infiltrate companies, blockchain 
projects and Web3 firms by exploiting remote work arrangements.

Fake IT insiders behind $1M in crypto losses across NFT protocols — ZackXBT

Bitcoin is showing resilience above the $105,000 mark, holding firm despite 
ongoing volatility and economic uncertainty. While bulls struggle to break 
above the all-time high at $112,000, the market remains in a high-stakes 
consolidation phase. Macroeconomic conditions remain unstable, with weak 
global growth forecasts and elevated inflation pushing investors into risk-off 
assets. Still, Bitcoin appears to be thriving under these pressures, 
strengthening its case as a hedge against traditional financial instability. 
Related Reading: Ethereum Fakes Out Bears – Altcoin Rally Depends On Key Level 
Breakout Top analyst Carl Runefelt recently highlighted a compelling technical 
development: Bitcoin is forming a massive inverse head and shoulders pattern 
spanning the last four years. This rare and long-term formation typically 
signals a bullish reversal and, if confirmed, could mark the beginning of a 
powerful breakout into price discovery. Runefelt notes that the neckline of 
this pattern aligns with current resistance just below $112K, making the 
coming weeks crucial for market direction. As the crypto market digests 
geopolitical tensions, central bank policy shifts, and on-chain accumulation 
trends, Bitcoin’s ability to stay elevated signals growing investor 
conviction. All eyes are now on whether BTC can complete this historic pattern 
and launch the next leg of the bull run. Bitcoin At A Critical Crossroads 
Bitcoin is trading at a pivotal level that could determine the market’s next 
major move — a breakout into new all-time highs or a retrace toward lower 
demand zones. After surging over 10% since last Sunday, the bullish sentiment 
is building rapidly, but the price remains stuck in a tight range between 
$100,000 and $110,000. Bulls are confident and in control of momentum, yet 
they’ve repeatedly failed to push BTC above the key $110K resistance. At the 
same time, bears have been unable to take the price below the $100K 
psychological support, signaling equilibrium and mounting pressure for a 
breakout. This standoff has kept volatility high, with macroeconomic 
uncertainty and geopolitical instability adding fuel to the fire. Still, the 
current market structure appears constructive for Bitcoin. If bulls can 
finally break above the $110K level and push into price discovery, it would 
confirm the strength behind this rally and potentially spark a new phase of 
exponential growth. Carl Runefelt believes a major breakout may be on the 
horizon. His technical analysis reveals a massive inverse head and shoulders 
pattern forming over the last four years — a rare and highly bullish setup. 
According to Runefelt, traders should be “ready for a crazy pump” if Bitcoin 
breaks through the neckline near $112K. Historically, this type of pattern 
precedes explosive rallies, and given the long-term nature of this one, the 
upside potential could be significant. As long-term holders accumulate and 
market liquidity builds, the coming weeks may determine whether Bitcoin 
cements its breakout or returns to test deeper support. Either way, this 
moment is shaping up to be one of the most decisive junctures in the current 
bull cycle. Related Reading: Ethereum Reclaims $2,444 Level – Bullish 
Continuation In Focus BTC Price Analysis: Key Resistance Blocks Price 
Discovery Bitcoin is currently trading at $107,144 on the daily chart, showing 
modest gains but facing strong resistance as it nears the $109,300 level. The 
chart highlights a clearly defined horizontal structure between $103,600 and 
$109,300 — a range Bitcoin has respected for nearly two months. Bulls remain 
in control short term, having reclaimed all three major moving averages: the 
50-day ($105,800), 100-day ($96,784), and 200-day ($96,136) SMAs. The most 
recent bounce off the $103,600 support zone was followed by rising volume, 
indicating a potential shift in momentum back to the upside. However, BTC has 
yet to close convincingly above $109,300, which continues to cap any price 
discovery attempts. A breakout above this level could open the door to new 
all-time highs and trigger an aggressive bullish continuation. Related 
Reading: Chainlink Reclaims Key Structure – Quiet Accumulation Could Fuel 
$25–$30 Surge On the downside, failure to breach resistance and a drop below 
$105K could reintroduce bearish pressure and trigger a retest of the lower 
range. For now, Bitcoin remains range-bound with bullish bias, but buyers need 
to follow through with strong volume and a clean break above the $109K barrier 
to fully confirm market intent. Until then, caution is warranted as indecision 
prevails near key resistance. Featured image from Dall-E, chart from 
TradingView