Overview
- Bitcoin has traded sideways since mid-July, oscillating within a $114,000–$120,000 channel and carving bull flag and symmetrical triangle formations.
- The Federal Reserve’s decision to hold interest rates steady on July 30 sparked roughly $433 million in crypto liquidations, including over $103 million in Ethereum positions.
- Whale addresses scooped up more than 30,000 BTC, 220,000 ETH and 130 million DOGE over the past 48 hours, underscoring strong large-holder conviction.
- Ethereum spot ETFs attracted net inflows exceeding $218 million on July 29, driven primarily by BlackRock’s ETHA product and boosting market liquidity.
- Altcoins have captured about 83% of total futures volume as Bitcoin dominance recedes, with Ethereum up nearly 170% from recent lows, signaling an emerging altcoin rally.