Pepe Coin price rose for the second consecutive day on July 16, with ongoing whale accumulation and a golden cross pattern pointing to a potential bullish breakout. Pep Coin (PEPE) climbed to $0.0000138, its highest level since July 11 and…

Pepe Coin price eyes a rebound as whales buy and rare pattern forms

Bitcoin (BTC) is currently stabilizing within the $116,000 to $120,000 range. 
However, fresh liquidity totalling $2 billion in stablecoins could help propel 
the flagship cryptocurrency to new all-time highs (ATHs). Bitcoin To Benefit 
From Fresh Liquidity According to a CryptoQuant Quicktake post by contributor 
Amr Taha, more than $2 billion worth of stablecoins &#8211; primarily Tether (USDT) 
&#8211; were deposited into major derivatives trading platforms earlier today. 
Related Reading: Bitcoin Profit-Taking Spikes Without Price Drop – Strong 
Demand Or Delayed Reaction? Taha believes that this surge in inflows signals 
increased appetite for leveraged positions among seasoned traders, many of 
whom are anticipating a potential breakout in BTC’s price. Notably, this fresh 
batch of USDT was minted by Tether Treasury, suggesting institutional demand 
is driving the activity. Historically, large-scale stablecoin inflows have 
preceded bullish market momentum, as traders often use them to open long 
positions on Bitcoin and altcoin futures and perpetual contracts. Rapid 
stablecoin deposits into derivatives exchanges often act as a leading 
indicator for major price rallies. Meanwhile, fellow CryptoQuant contributor 
TraderOasis pointed to rising Open Interest, noting that it is increasing 
alongside BTC’s price &#8211; a classic signal of strong bullish sentiment. To 
explain, rising open interest in tandem with a rising Bitcoin price typically 
signals increasing market participation and bullish sentiment, as more traders 
are opening positions expecting further upside. However, it can also indicate 
a buildup of leverage, which may lead to heightened volatility or a sharp 
correction if sentiment shifts. The analyst also highlighted the Coinbase 
Premium Index, which remains above zero &#8211; a sign that US-based buyers are 
paying a premium over global spot prices. They added that the indicator is 
currently within a ‘Breaker’ structure, sharing the following chart for 
context. TraderOasis noted that while BTC price is rising, the Coinbase 
Premium Index indicator has remained relatively flat. The analyst explained: 
This suggests to me that major players are taking profits. If the descending 
trend structure I marked with an arrow is broken, the price is likely to rise 
much more strongly. On the other hand, if the indicator drops below the &#8216;0&#8217; 
level, I may consider it a buying signal, as we are still in a macro bullish 
market. Short-Term Pullback For BTC? While the $2 billion stablecoin injection 
is likely to act as a bullish catalyst for BTC and the broader crypto market, 
some exchange data suggests a potential short-term pullback before the next 
leg up. Related Reading: No Mania Yet: Bitcoin ATH Lacks Hype, Suggesting 
Further Upside Potential For instance, BTC deposits to exchanges spiked after 
the digital asset hit a recent high around $123,000 &#8211; a pattern that often 
precedes local tops and is typically followed by a price correction. That 
said, despite recent profit-taking, BTC has not experienced a major price 
drop, pointing to robust underlying demand. At press time, BTC trades at 
$119,171, up 2.4% in the past 24 hours. Featured image from Unsplash, charts 
from CryptoQuant and TradingView.com

Bitcoin Set To Soar? Analyst Sees Fresh $2 Billion Liquidity Triggering Next Leg Up

US Spot Ether exchange-traded funds attracted $717 million of US investor 
money on Wednesday, and now hold more than 4% of ETH’s circulating supply.

US spot Ether ETFs post new record inflow as altcoins pump

Lookonchain first noticed the whale in early July and discovered its eight 
wallets received Bitcoin in April and May 2011, before going dormant for over 
a decade.

Massive OG Bitcoin whale shifts another $4.7B of BTC to new wallet

Ripple is revolutionizing global real estate as Dubai adopts its XRP Ledger 
for tokenized property deeds, unlocking secure, scalable blockchain custody in 
a landmark government move. Dubai Land Department Modernizes Deeds With 
Ripple’s Blockchain Infrastructure Ripple announced on July 16 a major step 
into the UAE’s tokenized asset market, reinforcing its global custody network 
through […]

Ripple Expands Blockchain Footprint in UAE With Real Estate and Custody Deal

Ethereum price started a fresh increase above the $3,220 zone. ETH is now 
consolidating gains and might correct lower toward the $3,220 zone. Ethereum 
started a fresh increase above the $3,150 level. The price is trading near 
$3,250 and the 100-hourly Simple Moving Average. There is a key bullish trend 
line forming with support at $3,300 on the hourly chart of ETH/USD (data feed 
via Kraken). The pair could start a fresh increase if it remains supported 
above the $3,220 zone in the near term. Ethereum Price Extends Gains Above 
$3,300 Ethereum price started a fresh increase above the $3,000 zone, 
outperforming Bitcoin. ETH price gained pace for a move above the $3,050 
resistance zone and entered a positive zone. The bulls even pumped the price 
above $3,250. Finally, it tested the $3,420 zone. A high was formed at $3,423 
and the price is now consolidating gains above the 23.6% Fib retracement level 
of the upward move from the $2,935 swing low to the $3,423 high. Ethereum 
price is now trading above $3,300 and the 100-hourly Simple Moving Average. 
There is also a key bullish trend line forming with support at $3,300 on the 
hourly chart of ETH/USD. On the upside, the price could face resistance near 
the $3,350 level. The next key resistance is near the $3,400 level. The first 
major resistance is near the $3,420 level. A clear move above the $3,420 
resistance might send the price toward the $3,500 resistance. An upside break 
above the $3,500 resistance might call for more gains in the coming sessions. 
In the stated case, Ether could rise toward the $3,550 resistance zone or even 
$3,650 in the near term. Are Downsides Supported In ETH? If Ethereum fails to 
clear the $3,420 resistance, it could start a downside correction. Initial 
support on the downside is near the $3,300 level. The first major support sits 
near the $3,220 zone. A clear move below the $3,220 support might push the 
price toward the $3,180 support. Any more losses might send the price toward 
the $3,050 support level in the near term. The next key support sits at 
$3,020. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining 
momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now above 
the 50 zone. Major Support Level – $3,300 Major Resistance Level – $3,420