Long-term Bitcoin holders have been selling to institutions since spot ETFs launched, keeping prices stagnant.

Bitcoin price stuck as OGs are ‘dumping on Wall Street’: Analyst

Bitcoin’s recent price rebound has brought the asset closer to its record 
highs, but a new on-chain signal may be flashing caution. According to a June 
29 analysis by CryptoQuant contributor Crazzyblockk, Bitcoin’s (BTC) &#8220;apparent 
demand&#8221; signal has turned negative,…

Will Bitcoin retrace as “apparent demand” signal flips negative?

Arbitrum could be positioned for a major rally if it confirms a breakout from 
a long-forming bullish reversal pattern. According to data from crypto.news, 
Arbitrum (ARB) surged nearly 46% to an intraday high of $0.38 before retracing 
slightly to $0.35…

Arbitrum eyes rally to $1 as Robinhood partnership rumors gain traction

Hyperliquid’s native token HYPE is back above the $40 mark, trading at $40.56 
at press time after gaining 7% in the past 24 hours and 15% over the past 
week. This marks a strong recovery from its monthly low of…

Hyperliquid regains $40 amid rising DEX volume — Is a new HYPE all-time high incoming?

Metaplanet (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), a publicly listed 
bitcoin treasury company based in Japan, has announced the acquisition of an 
additional 1,005 bitcoin as part of its ongoing Bitcoin Treasury Operations, 
bringing its total holdings to 13,350 BTC. The latest purchase was made at an 
average price of 15,569,831 yen per bitcoin, […]

Metaplanet Acquires Extra 1,005 Bitcoin, Boosting Total Holdings to 13,350 BTC

As the crypto market looks toward a recovery and the likes of Solana make 
their way out of losses, a crypto trader has called out one meme coin that 
could be a great play as the SOL price recovers. The BONK meme coin, currently 
the largest meme coin in the Solana ecosystem and billed for triggering the 
revival of the blockchain, continues to receive a lot of support as a meme 
coin that could outperform as the market ushers in the next altcoin season. 
Solana’s BONK Meme Coin Is The Play Crypto analyst and trader Unipcs became 
popular in crypto circles on the social media platform X (formerly Twitter) 
after turning $16,000 into more than $10 million with a long BONK trade. 
Despite making what many have referred to as a life-changing trade, the trader 
has refused to close this trade, with the expectation that the meme coin will 
continue to rise. Related Reading: TD Sequential Flashes Buy: Dogecoin Ready 
For Rebound To $0.21 In a recent post, Unipcs has once again reiterated his 
support for the BONK meme coin and why he believes it’s a great play to be 
involved in. The post mainly points to bullish developments surrounding the 
Solana ecosystem and why BONK could be a way to maximize gains as the Solana 
price rallies. The first bullish development the crypto analyst points to is 
the fact that a Solana ETF is expected to hit the market soon. When this 
happens, the Solana price is expected to recover in response, possibly rising 
toward new all-time highs, something that would translate into more 
bullishness for meme coins domiciled on the blockchain. As for BONK, Unipcs 
explained that the meme coin acts as a 3X leveraged bet on the Solana price. 
This is because historically, the BONK price has often risen 3X higher than 
any gains that Solana puts in. Its highly volatile nature as a meme coin also 
contributes to this, as it is prone to rapid bursts of rising prices, the same 
way it is prone to quick crashes. Related Reading: Bitcoin Price At $110,000: 
Why BTC Must Break Out Of This Wedge Furthermore, the expectations of a Solana 
ETF being approved by the Securities and Exchange Commission (SEC) are not the 
only thing propelling the bullishness of BONK. BONK, itself, also has a 
pending ETF filing with the commission, and the approval of a Solana ETF 
increases the likelihood of a BONK ETF approval, giving the meme coin even 
more fuel to rally. Given these bullish factors, the crypto analyst believes 
that being in BONK could be a good play, especially as the price remains 75% 
below its all-time high. “Ff we do get Solana season soon, you do not want to 
be underexposed to BONK,” Unipcs said in closing. Featured image from Dall.E, 
chart from TradingView.com