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Galaxy Digital, led by Mike Novogratz, has swapped $105 million in Ethereum (ETH) for $98.37 million in Solana (SOL), according to on-chain data. The move aligns with recent market trends, as SOL has gained 8% while ETH has dropped nearly 20% over the past month. Solana's growing dominance is evident, with its decentralized exchange (DEX) volume surpassing $500 billion—outpacing Ethereum’s $400 billion—and active addresses exceeding 220 million.
Cardano’s ADA and Ether jumped over 14% as Bitcoin surged past $93,500, fueled by optimism over reduced China tariffs announced by President Trump. While the tariff cut brought market relief, it also raised questions about policy consistency. Meanwhile, Bitcoin's strong performance compared to U.S. equities highlights its growing role as a store of value and signals a potential decoupling from traditional financial markets.
Bitcoin traders are showing bullish sentiment by increasingly selling put options, a strategy that benefits if prices rise or stay stable. This trend, along with a $9 billion cumulative delta in BTC options and related ETFs, reflects strong market sensitivity and growing interest in long-term bitcoin accumulation.
Bitcoin surged past $93,000 as traders grew optimistic about short-term gains, with call options indicating expectations of a rise above $95,000 by late April or May. Meanwhile, Sui Network’s SUI token continued its multiday rally, gaining over 62% in a week and pushing its total value locked (TVL) above $1.6 billion.
Michael Saylor predicts BlackRock’s Bitcoin ETF (IBIT) will become the world’s largest ETF within a decade. Over the past five trading days, IBIT attracted $1.3 billion in inflows, helping push bitcoin’s price from around $85,000 to $94,000. Meanwhile, the annualized bitcoin ETF basis trade on the CME has climbed to nearly 10%, indicating a growing risk appetite as futures open interest and inflows rise.
Bitcoin has turned positive for the year, showing a strong 0.70 correlation with gold and distancing itself from tech stocks, with only a 0.53 correlation to the Nasdaq 100. Its price is nearing $95,000 after its best weekly performance since late 2024. Despite global economic instability driven by President Trump’s tariffs on China, bitcoin remains resilient, reinforcing its emerging "digital gold" narrative.
#BTCUSDT Chart Analysis

Price has been respecting previous areas of supply where it got rejected from with strong bearish momentum. It is currently trading inside an area of extreme supply which broke structure to the downside. We are looking for lower timeframe confirmation before setting any limits. Will update accordingly.

https://www.tradingview.com/x/HKTdHEQM/
#SOLUSDT
#SHORT

Risk: 2%
Entry: 153.84
TP:141.25
SL: 157.01

Price has been previously respecting areas of supply and is now retracing towards an area of extreme supply. Price is currently expected to tap into our POI and continue its bearish movements aiming to liquidate the recent swing low and create a new lower low.

https://www.tradingview.com/x/gXY0vQJU/
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#BTCUSDT
#SHORT

Risk: 1%
Entry: 94,751.00
TP: 94,339.10
SL: 94,839.16

Same as SOL, price has been respecting previous areas of supply on higher timeframes, and it just gave us lower timeframe confirmation. It is expected to tap into this area of supply before creating a new lower low.

https://www.tradingview.com/x/kDH8nvcP/
#ETHUSDT
#SHORT

Risk: 1%
Entry:1836.92
TP:1817.6
SL:1842.9

Price is currently trading inside an area of extreme supply. After getting lower timeframe confirmation, we will be entering shorts from this area of supply aiming to create a new lower low.

https://www.tradingview.com/x/8pR1XcV6/
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BlackRock plans to tokenize shares of its $150 billion Treasury Trust fund by introducing a blockchain-based digital share class, in partnership with BNY Mellon, according to an SEC filing. This move aims to modernize share ownership records and could accelerate the adoption of digital assets. CEO Larry Fink has emphasized tokenization’s potential and cautioned that U.S. financial dominance is at risk if national debt issues aren’t addressed.
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#BTCUSDT Chart Analysis

Price has been respecting previous areas of demand, by bouncing off with strong bullish momentum breaking structure to the upside. We'll be waiting for price to retrace towards this area of demand and look for lower timeframe confirmation before setting any limits.

https://www.tradingview.com/x/dJNzcXTD/
👍2
#SOLUSDT
#SHORT

Risk: 2%
Entry: 153.80
TP: 140.32
SL: 157.00

Price has previously rejected an area of extreme supply on higher timeframes, after lower timeframe confirmations, we will be setting our limits targeting lower lows.

https://www.tradingview.com/x/zqipqXY4/
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2025/07/12 07:06:00
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