Bitcoin Price Declines Slightly Amid Mixed Sentiment
Bitcoin (BTC) is trading between $117,985.30 and $119,274.10, showing a minor decline as market sentiment remains neutral to bullish.
The Fear & Greed Index stands at 75 (Greed), reflecting cautious optimism. Technical indicators suggest short-term bearish pressure on the 4-hour chart, but the long-term trend remains strong.
According to Glassnode, over 1.38 million BTC has been accumulated between $115,500 and $120,000, indicating solid support levels.
Read More: Bitcoin vs Ethereum: Which is Better for Investment?
Ethereum Whales Accumulate $2.38B in ETH
Ethereum (ETH) is trading near $3,800, down 1.64%, but institutional interest persists.
Between July 9 and July 29, whales accumulated 628,646 ETH (worth $2.38B) via nine new wallets, signaling confidence ahead of potential ETF approvals.
The Fear & Greed Index aligns with Bitcoin at 75, reinforcing bullish sentiment.
Read more: USDT vs Ethereum: A Comparison of Risks and Stability
BNB and Solana Show Volatility
BNB fluctuated between $819.10 and $830.06, maintaining a bullish outlook due to strong derivatives activity.
Solana (SOL) traded between $192.67 and $200.83, displaying mixed signals—buyer dominance clashes with liquidation risks. Both assets remain sensitive to broader market movements.
Read more: Bitcoin vs Solana: Which is Better for Investment?
Meme Coins and Altcoins: Neutral to Bullish
Dogecoin (DOGE) held steady at $0.23–$0.35, while Polkadot (DOT) hovered near $4.10 with conflicting technical signals.
Avalanche (AVAX) dipped slightly to $24.69–$24.87 despite ETF speculation, and Tron (TRX) stabilized at $0.32 with DeFi-driven optimism.
You may also be interested in: Meme Coins: How a Digital Joke Became an Investment Tool?
Breaking News: GENIUS Act Regulates Stablecoins
The GENIUS Act was signed into law, mandating 1:1 reserves for stablecoins like USDT (which dominates 62% of the market). Institutional players are adapting swiftly, viewing the clarity as a long-term positive.
Meanwhile, China dismantled a $20M Bitcoin laundering ring, recovering 92 BTC linked to fraudulent schemes.
Read more: USDT vs USDC: What’s the Different?
Market Outlook
While short-term volatility persists, institutional accumulation and regulatory advancements suggest sustained growth. Watch Bitcoin’s $115K–$120K range and Ethereum’s whale activity for directional cues.
