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Crypto
Bitcoin on-chain metrics improve, market watches for trend reversal
Bitcoin may enter a new price fluctuation phase as on-chain indicators improve and volatility stays low. While the price has weakened, measures of network activity and volatility suggest the market may be preparing for its next move. A key metric, the NVT Golden Cross, rose to 0.36. Exchange flows on Binance were mixed. Funding rates stayed near 0 and the Coinbase premium fell to -0.11.
Crypto
XRP buying and selling in tight tug of war as whales stay quiet and futures positions build
XRP has entered a liquidity balance phase after a recent rise, with buyers and sellers evenly matched, an analysis showed. Long and short liquidations and funding rates have moved to neutral levels, while whale deposits to exchanges have fallen. Spot trading activity has shrunk sharply, but futures positions have continued to build and open interest has risen. Prices have stayed in a narrow range for about two weeks as participants wait for a new catalyst.
Crypto
XRP funding rate rebounds, long liquidations jump; CryptoQuant says rebound possible
XRP spot buying on Binance has strengthened while leverage in the derivatives market continued to decline, analysts said. CryptoQuant analysts said the mix often appears ahead of funding-rate readjustment phases. Binance XRP open interest fell from above $500 million in mid-June to $431 million on July 4 and $399 million on July 10. Long liquidations surged, while funding rates rebounded and rose on a weekly basis.
