Daily Crypto Signals: Bitcoin Nears New Highs, Ethereum Surges on Record Inflows, and Solana Eyes Parabolic Rally
Cryptocurrency markets experienced unprecedented institutional inflows last week, with Bitcoin briefly touching $123,000 and Ethereum ETFs
Quick overview
- Cryptocurrency markets saw record institutional inflows, with Bitcoin reaching $123,000 and Ethereum ETFs attracting $2.18 billion in a week.
- Bitcoin's market share decreased from 64% to 60% as investors shifted focus to altcoins, while Ethereum's market share increased from 9.7% to 11.6%.
- Solana's technical patterns suggest potential for significant price gains, with predictions of reaching up to $6,300 if it breaks key resistance levels.
- The NFT market rebounded significantly, rising 21% to nearly $6.34 billion, driven by renewed interest in popular collections.
Cryptocurrency markets experienced unprecedented institutional inflows last week, with Bitcoin BTC/USD briefly touching $123,000 and Ethereum ETH/USD exchange-traded products posting record-breaking $2.18 billion weekly inflows. Meanwhile, Solana’s SOL/USD technical patterns suggest potential for massive gains as the broader crypto market enters what analysts are calling a new altseason phase.
Crypto Market Developments
This week, the cryptocurrency market saw an incredible amount of activity as institutional money poured into digital assets at an unprecedented rate. Global crypto exchange-traded products saw a record $4.4 billion in weekly inflows, making it the 14th week in a row that they have gained. This brought year-to-date inflows to a new high of $27 billion. For the first time, the total amount of assets under management for crypto ETPs went above $220 billion. This shows that mainstream finance is becoming more popular.
The rise happened at the same time as important changes in the law, such as the adoption of three cryptocurrency measures during what Republicans called “crypto week” in the US House of Representatives. Trump signed the GENIUS stablecoin bill into law. His media business, Trump Media and Technology Group, also said that as part of its investment plan, it currently has about $2 billion in Bitcoin and Bitcoin-related instruments. The NFT market also had a huge comeback, with its market value rising 21% to nearly $6.34 billion. This was due to revived interest in blue-chip collections like CryptoPunks and Pudgy Penguins.
Bitcoin Rally Weakening Amid Altcoin Season?
This week, Bitcoin’s price behavior was complicated. On July 14, it hit a new all-time high above $123,000, but by the end of the week, it had settled around $120,000. Some analysts are being careful about how long the current bull run will last, even though the gains are impressive. Roman, a well-known trader, pointed out some worrying technical signs on the weekly chart, saying there were “big bear divergences on RSI/MACD and fairly concerning low volume at all-time highs,” which could mean that the current surge is running out of steam.
Bitcoin ETPs brought in $2.2 billion in weekly inflows, which was 50% of all crypto ETP inflows. This shows that institutions are still quite interested in Bitcoin. Bitcoin’s market share has dropped from 64% to 60% in the previous week, though, as investors move their money into other cryptocurrencies. Material Indicators said that Bitcoin could benefit from stabilization in its present range, but a possible support test near the $110,000 trend line could confirm foundational support for the next leg up and possibly cause people to switch over from altcoins to Bitcoin.
Ethereum Set to Cross $4,000
Ethereum had the best week ever for spot Ethereum ETFs, making it the best performer in institutional investment flows. The $2.18 billion that came in each week not only broke the previous record, but it also brought the total for 2025 to $6.2 billion, which was more than the total for 2024. BlackRock’s Ethereum ETF (ETHA) alone brought in $2.77 billion in fresh money, increasing its total assets to an astonishing $9.17 billion, which is almost half of all the money that has been put into Ethereum ETFs.
This institutional confidence was shown in Ethereum’s price movement, which rose beyond $3,500 for the first time since early January. This was a huge comeback from April lows below $1,500. The cryptocurrency rose more than 20% in a week, trading between $3,100 and $3,600. Analysts are now looking for the next resistance level above $4,000. Ethereum’s market share has gone up from 9.7% to 11.6% while Bitcoin’s dominance has gone down. The fundamentals on the chain are still robust. The network still has $76 billion in DeFi total value locked and $128 billion in stablecoin supply. Futures open interest hit a record $51 billion, showing that institutions are very interested.
Solana Price Prediction: $6,000 Next Target?
Solana (SOL) has caught the attention of traders because of its remarkable technical setup. It has risen 34% in the previous 30 days to reach a five-month high of $193. Several analysts have noticed what they call a “textbook” cup-and-handle pattern building on different timeframes, and some of them are predicting prices to go through the roof. The pattern has been forming for four years and predicts that the price might break out and reach targets as high as $6,300 if it breaks above the neckline resistance at $250. This would mean possible gains of more than 3,000% from where it is now.
Solana’s optimistic technical outlook is backed up by strong on-chain fundamentals, as the network shows strong growth across key metrics. Daily active addresses went up by 9% in the last 24 hours, and daily transactions have started to rise again from their parabolic rise in 2024. The total value locked in Solana has risen to a six-month high of $10.3 billion, up 63% from $6.1 billion in April. This makes it the second-largest blockchain by TVL with 6.28% market share. Ethereum has around 10 times as much TVL as Solana, but SOL’s quick growth and technical patterns have made it a key player for traders who are betting on the current altseason story.
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