Daily Crypto Signals: Bitcoin Eyes $230K, Ethereum Prepares for Breakout, Solana Navigates ETF Realities
The crypto market is experiencing a consolidation phase with Bitcoin establishing a new floor around $100,000 while institutional adoption
Quick overview
- The crypto market is consolidating, with Bitcoin establishing a new support level around $100,000 amid increasing institutional adoption from Japanese corporations.
- Ethereum is experiencing consistent institutional interest, with inflows into Ether ETPs for 11 consecutive weeks, while technical indicators suggest a potential breakout above $2,700.
- Solana faces challenges from competition and MEV concerns, leading to decreased institutional confidence, despite strong revenue and user engagement metrics.
- Regulatory clarity is gaining traction, with 65 crypto companies supporting the CLARITY Act, indicating a shift towards more structured market conditions.
The crypto market is experiencing a consolidation phase with Bitcoin BTC/USD establishing a new floor around $100,000 while institutional adoption accelerates through Japanese corporate treasury strategies. Meanwhile, Solana SOL/USD faces growing competition from Ethereum ETH/USD layer-2 solutions despite strong fundamentals, as regulatory clarity efforts gain momentum in Congress.
Crypto Market Developments
There are big changes happening in the cryptocurrency world, with Japanese corporations leading the way in corporate Bitcoin adoption initiatives. Regulatory clarity is becoming more important, with 65 crypto companies backing the CLARITY Act. At the same time, exchange-traded fund flows are still affecting how people feel about the market. The mood in the market shows that the ecosystem is developing and that institutional investors are changing the way people invest.
Corporate treasury strategies are changing quickly. Companies like Remixpoint and Metaplanet are leading the way in finding new ways to use Bitcoin. These changes show that companies are moving away from speculative interest and toward smart business uses, which might set new standards for how businesses around the world use cryptocurrencies.
Bitcoin Gains Structural Support at $100,000
Bitcoin’s technical indicators show that the $100,000 level has become a structural support zone, and onchain data shows that there are strong accumulation patterns. The monthly outflow/inflow ratio has reduced to 0.9, which hasn’t happened since the bottom of the bear market in 2022. This shows that investors are feeling more confident about the long term. Historically, this statistic shows substantial demand when values fall below 1.0, which means that investors are taking assets off exchanges to keep them for a long time.
Bitcoin has stayed in a tight trading range between $100,000 and $110,000, even though Binance derivatives have been under constant selling pressure over the past 45 days. The Cumulative Volume Delta is still negative, which means there is a lot of short-selling pressure. However, the price hasn’t been able to breach lower, which means that institutional accumulation is absorbing this flow. Over 19,400 BTC, worth about $2.11 billion, was moved from inactive wallets to institutional-grade addresses. These currencies had been sitting around for three to seven years without being used.
The technical setup suggests that there might be a breakout over $110,530, which could start a rally toward the all-time high of $111,980. If the neckline is broken, an inverse head-and-shoulders pattern points to a longer-term goal of $150,000. But if prices go below the 50-day simple moving average around $106,642, the bullish thesis could be wrong, and prices could drop to $100,000.
Ethereum Ready to Breakout Past $2,700?
Ethereum keeps getting interest from institutions through exchange-traded instruments, with $225 million coming in over the last trading week. This is the 11th week in a row that Ether ETPs have seen inflows. This shows that institutions are still interested in the token, even though its price has been stuck in a range. The continued buying pressure from institutional vehicles sets the stage for possible upward momentum.
The technical picture shows that Ethereum is staying above the 20-day exponential moving average at $2,507, which is a sign that traders are feeling good about it. To start a fresh upswing, bulls need to close above $2,635 every day. This would open the way to the overhead resistance zone between $2,738 and $2,879. A symmetrical triangle pattern forming on shorter timescales means that a move in a certain direction is about to happen.
If Ethereum breaks above the triangle pattern, it could go up to $2,751. If it can’t hold its present levels, it could go down to the $2,323 support zone. The growth of the layer-2 ecosystem is still hurting Solana’s market position. Ethereum’s rollup-centric strategy is drawing in big institutional investors who want to have as much control over transaction ordering as possible.
Solana’s MEV Concerns Resurface
Solana (SOL) is having more and more problems as institutional investors stay away from the platform because of MEV (Maximum Extractable Value) concerns. Big companies like Robinhood and Coinbase are using their own layer-2 solutions instead. The perpetual futures financing rate went negative, which means that there is more demand for short positions and that traders are generally less confident about SOL’s short-term prospects. Traders who usually have a positive outlook are less confident now that this change has happened.
Despite the competition, Solana’s foundations are still strong. In the second quarter of 2025, the network made $271.8 million in revenue, which was 64% more than Tron and more than double Ethereum’s $129.1 million. The ecosystem is doing well, with users paying $460 million in fees over the course of 30 days and a staking ratio of 66.5%, which lowers the amount of supply available for trading. Jito, Solana’s biggest decentralized app, has 17.92 million SOL locked up, which is a 12% rise since January.
The technical forecast reveals that SOL is trading in a smaller range, which could mean that it will be volatile in the next few days. If the price goes above $159, it might start to go toward $168 and then $185. On the other hand, if it doesn’t hold the $144 support level, it could drop to $137 and then $130. There is a chance of a drop because of the bearish descending triangle pattern that has formed on shorter timeframes, but bulls are still protecting crucial support levels. The SEC’s delay in making a judgment on Fidelity’s proposed Solana ETF adds to the uncertainty over regulations, but experts see the request for public input as a regular part of the clearance process.
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