Ethereum futures open interest (OI) held near $33 billion despite minor declines, while options traders showed strong interest in late-2025 bullish contracts. CME and Binance Anchor $33 Billion Ethereum Futures Landscape Ethereum futures essentially allow speculation on ETH’s future price without owning the asset outright. Current OI, reflecting active contracts’ total value, stood at $33.09 […]

Ethereum Options Show Bullish Bias Despite Surge in Put Trading Volume

On-chain data shows Shiba Inu (SHIB) has its supply more concentrated on the 
largest holders than other assets like Ethereum (ETH) and Pepe (PEPE). Shiba 
Inu Has 62% Of Its Supply Controlled By Top 10 Whales In a new post on X, the 
on-chain analytics firm Santiment has shared how some top coins currently 
compare against each other in terms of the percentage of supply held by the 
ten largest wallets on the respective networks. Below is a chart showing the 
trend in this metric for eight cryptocurrencies: Shiba Inu, Ethereum, Pepe, 
USDT, USDC, DAI, Chainlink (LINK), and Uniswap (UNI). As is visible in the 
graph, the stablecoin USDC has the lowest amount of supply concentrated on the 
top 10 addresses among these assets at around 27%. Chainlink and DAI come 
close with the metric sitting at 32% and 33%, respectively. Others like 
Uniswap and Ethereum, however, have a more significant part of their supply 
under the control of these humongous entities: 51% and 49%, respectively. One 
asset that particularly stands out is Shiba Inu, with a massive 62% of its 
supply belonging to the ten largest whales on the network. For comparison, the 
other memecoin on the list, Pepe, has the same metric at 39%. Generally, the 
centralization of supply on just a few hands isn&#8217;t a constructive sign for any 
cryptocurrency&#8217;s stability, as tokens signify power on the network. It&#8217;s 
especially relevant in the case of a proof-of-stake (PoS) asset like Ethereum. 
As Santiment explains, As a retail trader, it&#8217;s generally safer to hold coins 
with less supply held by the most elite whales. There is less risk of sudden 
dumps or price manipulation should an asset&#8217;s largest whales decide to exit 
their positions. Given this, the assets like Ethereum, Uniswap, and Shiba Inu 
that currently have a majority of their supply or close to it in the hands of 
the top 10 whales may not be in the best position right now. In some other 
news, the cryptocurrency market sentiment is on the verge of extreme greed, 
according to the Fear &amp; Greed Index. The Fear &amp; Greed Index is an indicator 
created by Alternative that inputs a few different factors to determine the 
investor mentality as a score lying between zero and hundred. As displayed 
above, the cryptocurrency Fear &amp; Greed has a value of 73 at the moment. This 
corresponds to the presence of a strong sentiment of greed present among the 
traders. Historically, markets have often moved in the direction that goes 
contrary to the expectations of the crowd. The probability of a contrary move 
is especially strong in the extreme ends of the index. For now, the market is 
still outside of the extreme greed zone, but only by a couple of units. SHIB 
Price At the time of writing, Shiba Inu is trading around $0.0000115, up over 
3% in the last seven days. Featured image from Dall-E, Alternative.me, chart 
from TradingView.com

Shiba Inu Supply Most Centralized Among Top Coins—62% Held By Just 10 Whales

The Trump-linked World Liberty Financial has proposed making its WLFI token 
tradable to enhance community participation and access. Approval of the 
Proposal Would Make WLFI Transferable World Liberty Financial, the 
decentralized finance (DeFi) company associated with the Trump family, has 
officially floated a proposal to make its WLFI token tradable. The DeFi 
company asserts that […]

WLFI Token Could Soon Be Tradable—Early Supporters Set for Partial Unlock

Ethereum (ETH) is up 4.2% over the past seven days, trading in the mid-$2,500 
range at the time of writing. Although the digital asset remains down 19% on a 
year-over-year (YoY) basis, some analysts are optimistic that it’s ready for a 
liftoff. Ethereum Enters Wyckoff ‘Liftoff’ Phase In an X post published today, 
crypto trader Merlijn The Trader noted that Ethereum appears to be following 
the Wyckoff Accumulation pattern and has successfully cleared both the ‘creek’ 
and ‘spring’ phases, potentially entering the ‘liftoff’ phase characterized by 
parabolic price action. Related Reading: Ethereum Breakout Imminent? 
Broadening Wedge Hints At $4,200 Surge In the Wyckoff accumulation pattern, 
the ‘creek’ represents overhead resistance where price struggles to break 
higher, while the ‘spring’ is a false breakdown below support, meant to trap 
bears and confirm strong hands. The ‘liftoff’ phase follows the spring, marked 
by a sharp recovery and breakout above resistance, signaling the start of a 
new bullish trend. The analyst shared the following Ethereum daily chart, 
which shows the cryptocurrency on the verge of a potential breakout, with its 
next major resistance at the $3,700 level. A successful breakout and retest of 
this level could set the stage for a new all-time high (ATH). Fellow crypto 
analyst Crypto GEMs also pointed toward Ethereum getting ready for a 
significant move to the upside. The analyst shared the following chart which 
compares ETH’s price action in 2025 to that in 2024. If Ethereum mirrors its 
2024 performance, it could break above the $3,000 mark in the near term. 
However, not all analysts share this bullish outlook. For instance, noted 
crypto analyst Carl Moon shared a four-hour Ethereum chart showing the asset 
trading within a rising wedge pattern. He cautioned that unless ETH breaks out 
of this formation, it may face a drop to $2,200. To explain, a rising wedge 
pattern is a bearish chart formation where price moves upward within 
converging trendlines, indicating weakening bullish momentum. It often signals 
an upcoming breakdown, as buyers lose control and sellers push the price lower 
after the wedge is breached. ETH Network Sees Renewed Activity In a separate X 
post, crypto analyst CryptoGoos remarked that daily transactions on Ethereum 
are nearing ATH level for the first time since 2021. Typically, heightened 
network activity tends to precede major price movements. Analyst Crypto Rover 
echoed this view, noting that active addresses across the Ethereum network 
have hit a new all-time high. They added that ETH below $3,000 is &#8220;an absolute 
steal.&#8221; Related Reading: Ethereum Flashes Golden Cross On Daily Chart – Is A 
New ATH Within Reach? Meanwhile, Ethereum liquid staking is also inching 
toward historic levels, with 35.5 million ETH now locked. At press time, ETH 
trades at $2,522, down 3.8% in the past 24 hours. Featured image from 
Unsplash, charts from X and TradingView.com

Ethereum Approaches Wyckoff ‘Liftoff’ Phase – Can ETH Reach A New High?

Crypto analyst James Check says the Bitcoin treasury strategy is getting to 
the point where new firms will find it hard to gain momentum “without a 
serious niche.”

Bitcoin treasury playbook faces ‘far shorter lifespan’ — Analyst

Dogecoin’s price action caught traders’ attention this week. After dipping 
toward the $0.13–$0.15 demand zone, the meme‑coin shot higher, and a surge in 
derivatives data suggests many expect more gains. Related Reading: Ethereum 
Network Awakens—Massive On-Chain Moves Signal What’s Coming Trader Interest 
Climbs Around $0.19 Resistance According to market data, Open Interest jumped 
by 16% to reach over $2 billion. Options volume exploded by 400%. That kind of 
rise often points to big bets on upward swings. Right now, many eyes are on 
the $0.20 resistance level. If DOGE can close a daily candle above that line, 
it may clear the way toward $0.27. Dogecoin’s technical setup is drawing fresh 
looks from chart watchers. The Stochastic RSI crossed above 80, which can mark 
an overbought zone. Yet coins have stayed above overbought readings before 
when buyers kept pushing. Traders will want to see real volume behind any move 
above that descending trendline near $0.19. Without it, the rally may stall or 
give back gains. Whales Return With Spot Inflows Based on reports, Dogecoin 
saw a net inflow of $8.20 million into spot wallets. That marks a big shift 
after weeks of outflows. Large holders have been moving coins onto exchanges 
in the past, but now they’re pulling more in. In other cycles, fresh whale 
buys have lined up with mid‑term rallies. On‑chain metrics add another layer. 
Dogecoin’s MVRV Z‑score climbed back to 0.355 after hitting near‑historical 
lows late in June. That figure measures how much profit holders stand to make 
on average. A rising score hints that fewer holders are underwater, and that 
might draw in new buyers. Still, MVRV is backward‑looking. It can’t predict if 
price will break through key resistance. Network Activity Shows Mixed Signals 
Network stats tell a mixed story. Daily active addresses slid to 34 K, and 
transaction counts dropped to 15K as of July 3. That’s a sharp fall from the 
more than 500K addresses and transactions seen in the last week of June. Lower 
usage could sap the rally’s legs if retail traders don’t reengage soon. 
Related Reading: The Silent Bitcoin Accumulation: Public Companies’ Surprising 
H1 2025 Lead Even with these mixed signals, the mood toward Dogecoin is 
brighter than it was a week ago. Traders piling into options and hikes in Open 
Interest show speculative appetite is up. Large spot inflows show that whales 
have stepped back in. But network usage is lagging. If daily addresses and 
transactions don’t bounce back, bulls may find it harder to sustain the push. 
Featured image from Meta, chart from TradingView