Daily Crypto Signals: Bitcoin Holds Above $107K, First US Solana Staking ETF Launches
The crypto market witnesses significant developments even as Bitcoin holds above $107,000 and the first US Solana ETF with staking debuts
Quick overview
- Bitcoin remains stable above $107,000, with analysts predicting a potential breakout above $110,000 due to rising inflation and increased institutional interest.
- The first US ETF offering crypto staking with Solana exposure has launched, although concerns about Solana's long-term viability persist amid competitive pressures.
- Institutional adoption is on the rise, highlighted by Metaplanet's significant Bitcoin purchase, making it the fifth-largest corporate holder.
- Ethereum shows strong technical patterns indicating potential growth, but bearish movements from large holders could create selling pressure.
The crypto market witnesses significant developments even as Bitcoin BTC/USD holds above $107,000 and the first US exchange-traded fund (ETF) offering crypto staking debuts with Solana SOL/USD exposure. Meanwhile, institutional adoption accelerates with major corporate Bitcoin purchases and national crypto reserve announcements, though technical indicators suggest mixed near-term prospects for major altcoins.
Crypto Market Developments
This week, there were a number of important changes in the world of cryptocurrencies that could lead to more institutions accepting them. The US was getting ready to launch its first exchange-traded fund that will let people stake bitcoin, which would provide investors direct access to Solana while also collecting staking returns. This milestone comes at the same time as Kazakhstan’s central bank announced plans for a state-run cryptocurrency reserve, which is in line with how other countries manage digital assets.
Corporate Bitcoin use hit new highs when Japanese company Metaplanet became the fifth-largest corporate Bitcoin holder after buying a huge $108 million worth of BTC. At current market pricing, the business currently has 13,350 BTC worth over $1.45 billion. This is more than the 12,502 BTC that mining startup CleanSpark possesses. This aggressive treasury strategy has paid in big time, with Metaplanet getting a 349% BTC yield so far this year.
Bitcoin Prepares to Break $110,000
Bitcoin’s price has stayed quite stable, staying in a narrow trading range around $107,352 for six days in a row with price changes of less than 3%. This unusual lack of volatility has led to discussion about what could cause a breakout. Analysts have pointed out a number of things that could push BTC above the important $110,000 level. Even though people often think that Bitcoin and the US dollar have opposite relationships, historical data shows that there were times when both Bitcoin and the DXY index were strong at the same time, especially from August 2024 to April 2025.
A number of factors seem to be coming together to push Bitcoin’s next big move up. Rising inflation pressures, as shown by recent import tariffs that are slowly raising consumer prices, could bring back Bitcoin’s story as a hedge against inflation. Also, the performance of the stock market has made investors more confident, which could lead them to move their money from fixed-income securities to riskier assets like cryptocurrencies. The possible addition of MicroStrategy (MSTR) to the S&P 500 index is another big reason why Bitcoin could rise. Analysts say this could cause “a tsunami of passive capital” to chase Bitcoin exposure.
Ethereum Technicals Point to Uptrend
Ethereum ETH/USD has strong technical patterns that point to a lot of upside potential. Price charts show a textbook “Power of 3” setup after the recent trend deviation between $2,100 and $2,200. This model of Accumulation, Manipulation, and Distribution shows how institutions trade around key liquidity zones. Right now, ETH is moving into the distribution phase, aiming for prices beyond $5,000, which would be a 100% rise from its current level of roughly $2,492.
Spot ETH ETFs had a lot of institutional interest last week, with 106,000 ETH in net inflows. This is the eighth week in a row that there have been positive flows, which supports this optimistic argument. This ongoing demand from institutions confirms the technological setup’s growth and indicates that people are becoming more confident in Ethereum’s long-term future. However, bearish headwinds remain, with huge whale movements worth over $237 million worth of ETH moving from staking to exchanges. This might create selling pressure that could lead to a 25% drop to $1,600 if technical barrier levels don’t hold.
US Confirms First Solana ETF with Staking
Solana (SOL) saw a big jump of 7% to $161 when the first-ever Solana ETF with staking capabilities was confirmed. However, the gain quickly slowed to $157 as traders adjusted their expectations. The REX-Osprey SOL + Staking ETF is a big step forward since it uses a unique C-corporation structure that doesn’t need to go through the usual SEC clearance processes. This means it can debut faster than other cryptocurrency ETFs.
Even if people were excited at first, basic problems make it hard to believe that SOL’s rise to $200 goals will last. It is yet unclear whether institutions will choose to buy Solana. For example, Grayscale’s existing Solana Trust only has $75 million in assets, while Ethereum Trust had $10 billion before its ETF launch. Also, about $585 million worth of SOL will be unlocked from staking over the next two months. In 2025 alone, successful DApps like Pump have moved more than $404 million worth of SOL to exchanges. This keeps selling pressure on the market, which slows down upward momentum even though there are good ETF news.
The competitive situation makes Solana’s future even more difficult. For example, big firms like Robinhood choose Ethereum layer-2 networks for tokenized stock trading, and Coinbase collaborates with Shopify on Base network for on-chain payments. These changes, together with the fact that Solana’s network revenue has dropped by more than 90% since January despite the memecoin hoopla, show that there isn’t much evidence that prices will stay around $200 levels for a long time.
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