Traders are unwinding their bearish positions as Bitcoin holds strong, fueling optimism for a potential breakout to $120,000.

Bitcoin data points to rally to $120K after pro BTC traders abandon their bearish bets

Strategy is unleashing a $4.2 billion capital wave to expand its already 
massive bitcoin holdings after raking in a jaw-dropping $14 billion Q2 
unrealized gain. $4.2B Offering From Strategy Signals More Bitcoin Buys After 
$14B Q2 Upside Software intelligence firm Microstrategy (Nasdaq: MSTR), which 
has rebranded as Strategy, announced on July 7 that it launched […]

Strategy Eyes Fresh Bitcoin Buys With $4.2B Stock Sale After $14B in Q2 Gain

The U.S. government has backed away from its lawsuit against crypto mixer 
Tornado Cash after both the Department of the Treasury, crypto advocacy group 
Coin Center, and others, all agreed to have the suit declared moot, effective 
June 28, 2025, court documents show. Lawsuits are considered moot when there 
is no longer a need to […]

US Government Backs Down in Tornado Cash Lawsuit

Bitcoin (BTC) is up 7% over the last two weeks, showing signs of strength 
despite expectations that the US Federal Reserve (Fed) will keep interest 
rates unchanged at its upcoming July 30 meeting. However, some indicators 
suggest that the market may be entering overheating territory. Bitcoin Market 
Entering Overheating Territory? According to a recent CryptoQuant Quicktake 
post by contributor burakkesmeci, the Bitcoin Network Value to Transaction 
(NVT) Golden Cross is on the rise. Importantly, this upward movement is 
beginning to signal signs of market overheating. Related Reading: Bitcoin 
Realized Dominance Signals Weak Hands Capitulating, Strong Hands Rising For 
the uninitiated, the Bitcoin NVT Golden Cross is a technical indicator that 
compares short-term and long-term moving averages of the NVT ratio to identify 
potential market tops or bottoms. When the short-term NVT crosses above the 
long-term average, it often signals that Bitcoin is becoming overvalued and 
may face a short-term correction. Notably, this indicator has successfully 
predicted three local tops so far in 2025. The first occurred on February 5, 
when the NVT Golden Cross hit 2.68 while BTC traded at $97,600, followed by a 
23.65% correction. On March 24, the indicator peaked at 2.87 with BTC around 
$87,500, leading to a subsequent correction of 16.06%. Most recently &#8211; on June 
16 &#8211; it rose to 2.21 with BTC trading at $106,800, which was followed by a 
9.87% price dip. Currently, the NVT Golden Cross stands at 1.98. Although it 
hasn’t crossed the key 2.2 threshold yet, its upward trajectory suggests that 
market overheating could be brewing. The CryptoQuant analyst explained: 
Breaking its previous high is moderately bullish and shows momentum is 
building. If the metric crosses 2.2 again, it may hint at a local top. But 
don’t rush to exit &#8211; historically, the metric has stayed above 2.2 for several 
days. In conclusion, burakkesmeci noted that while crossing the 2.2 level 
might suggest Bitcoin is heating up in the short-term, it could also signal a 
return of bullish momentum in the medium-term. That said, the opinion on BTC&#8217;s 
short-term price trajectory is largely divided. Analysts Split Over BTC Price 
Action ​​The NVT Golden Cross suggests that BTC may still have room to rally 
before hitting a potential local top. However, some analysts foresee a short- 
term pullback before Bitcoin reaches new highs. Related Reading: Bitcoin 
Network Volume Echoes Mid-2021 ‘Stable Equilibrium’ – Is A Big Move Brewing? 
For instance, noted crypto analyst Chistian Chifoi described the current BTC 
price action as a “deceptive setup,” warning it may trap bulls before a 
possible surge toward a new all-time high (ATH) of $160,000. Meanwhile, on- 
chain analytics firm Glassnode forecasts BTC’s short-term peak at $117,000. At 
press time, BTC trades at $108,204, down 0.1% in the past 24 hours. Featured 
image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top

Even with the opposition of the Trump Administration, the issuance of a BRICS 
currency, even if it is used only for trade purposes, seems unavoidable as the 
bloc continues to grow to become a world power rivaling the Group of Seven 
(G7). Latam Insights Encore: A BRICS Currency Is Unavoidable While the dollar 
loses value […]

Latam Insights Encore: A BRICS Currency Is Coming, Sooner or Later

Ether has appreciated nearly 90,000% in the 10 years since the two Ethereum 
wallets received their coins.