Crypto Market Overview: Market Caution Deepens Amid Profit-Taking
On July 25, total crypto market capitalization dropped to approximately $3.84 trillion, down 5% from recent highs—a result of broad-based profit‑taking and elevated liquidation activity. Bitcoin dipped beneath $116K, triggering short-term risk‑off sentiment, while altcoins such as Solana, XRP, and Dogecoin saw double-digit daily drops. However, Ethereum bucked the trend with modest gains, tightening investors’ focus on potential altcoin rotation as whale and institutional behavior diverges.
Market structure remains broadly constructive, framed by ongoing legislative momentum such as the GENIUS and Clarity Acts. Risk appetite is softening, but overall liquidity and structural demand remain intact. This setup creates opportunity for long-term positioning despite short-term volatility.
Bitcoin (BTC): Breakdown Triggers Liquidations
Price: ~$115,600
24h Change: –2.9%
Bitcoin slid to $115,600, breaking below the critical $116K support level. This breach activated liquidation cascades and prompted whale selling, with BTC dominance oscillating around 60.8%. The move also broke the ascending trendline formed in early July, signaling a possible shift in momentum. A close below $115,300 could open downside risks toward $112K.
Despite the sell-off, strategists see the correction as part of a larger bullish setup supported by favorable policy tailwinds and institutional accumulation. Some traders have begun positioning for a potential bounce near $112K–$113K, coinciding with prior resistance turned support.
Ethereum (ETH): Holding Strong with ETF Support
Price: ~$3,760
24h Change: +1.9%
Ethereum stood out as a relative outperformer, gaining nearly 2% in a turbulent market. ETF inflows into ETH continued during the drawdown, reinforcing bullish conviction. Ethereum’s layer-2 ecosystems and developer activity remain strong, while whales accumulated over 500,000 ETH in July alone.
The strength of ETH relative to BTC is increasingly viewed as a bullish divergence. Key support sits at $3,700, with upside potential toward $3,900–$4,000 if momentum persists. Continued ETF interest could trigger further reallocation from BTC into ETH as investors seek relative strength.
Solana (SOL): ETF Hype Fades Into Sharp Pullback
Price: ~$188
24h Change: –5%+
Solana retraced over 5% as early-week ETF optimism reversed into profit-taking. Excess leverage and market-wide deleveraging pressured SOL back into the $185–$190 range. Despite wallet growth and ecosystem progress, the technical outlook suggests a retest of $185.
Longer-term trends still favor SOL, especially if ETF developments return to the spotlight. However, without a clear reclaim of $190–$195, SOL may remain range-bound in the short term.
XRP: Corridor Volatility Returns
Price: ~$3.18
24h Change: –6.3%
XRP fell to $3.18 as cross-border corridor liquidity thinned and recent gains reversed. While remittance volumes in Asia remain strong and ETF discussions ongoing, the asset is now trading near critical support at $3.10.
Whale flows suggest buyers are defending the lower range. A rebound could drive XRP toward $3.50–$4.00, but short-term volatility may persist until ETF clarity or additional institutional use cases materialize.
Dogecoin (DOGE): Sentiment Sours for Memecoins
Price: ~$0.238
24h Change: –6.6%
DOGE slid nearly 7% as meme sentiment waned amid risk-off flows. X-platform utility and Doginals support remain intact, but leveraged exits drove short-term losses. Whale buying in the $0.23–$0.24 zone suggests potential for stabilization.
DOGE’s future direction will depend on renewed meme cycles or platform news from Elon Musk or other influencers. A close above $0.25 remains the near-term technical pivot.
Cardano (ADA): Range-Bound, Yet Resilient
Price: ~$0.824
24h Change: –3%
Cardano held near $0.824, absorbing the sell-off better than some peers. While long-term upgrades like Hydra and Mithril remain promising, short-term price action remains range-bound.
ADA is stuck between $0.80 and $0.83, with $0.90 as the next resistance level. Developer activity and ecosystem grants continue, keeping long-term prospects intact even during short-term consolidation.
Shiba Inu (SHIB): Outperforms Most Memes
Price: ~$0.00001409
24h Change: –0.3%
SHIB weathered the storm with only a slight dip, supported by steady developer activity and Shibarium’s integration progress. The ecosystem’s slow but steady adoption has kept SHIB from suffering the same drawdowns as other meme tokens.
Resistance now lies between $0.00001430 and $0.00001450. A renewed meme cycle or large burn event could trigger further upside.
Sui (SUI): Quiet Strength in Infrastructure
Price: ~$4.03
24h Change: ~flat
SUI maintained its position despite market turbulence, highlighting the project’s structural strength. Ongoing DeFi and GameFi development continue attracting capital, keeping SUI on track for a move toward $4.20–$5.00.
Investor sentiment around SUI remains positive, especially given its active partnerships with new DeFi protocols. As narratives shift toward application-layer growth, SUI may continue outperforming.
Kaspa (KAS): Stable Support for DAG Infrastructure
Price: ~$0.0996
24h Change: ~flat
KAS held firm at $0.0996 as the broader market corrected. Interest in its blockDAG infrastructure remains high, and stable liquidity supports future breakout potential toward $0.11–$0.12.
KAS has built strong community support, and with few direct competitors in its niche, accumulation remains strong even during broader downturns.
Pi Network (PI): Eyes on Mainnet Milestones
Price: ~$0.4424
24h Change: ~flat
Pi Network traded flat amid continued anticipation of a full public launch. Community growth and closed-beta activity persist, but lack of major exchange listings keeps price action muted.
Upcoming updates to the ecosystem and a potential mainnet announcement could serve as key catalysts. Traders are watching closely for volume spikes or listing news.
Snapshot Table
| Crypto | Price (Jul 25) | Daily Change | Key Insight |
|---|---|---|---|
| BTC | ~$115,600 | –2.9% | Broke below $116K trendline support |
| ETH | ~$3,760 | +1.9% | Structural resilience, ETF steady |
| SOL | ~$188 | –5%+ | Pullback after leverage-driven highs |
| XRP | ~$3.18 | –6.3% | Volatility amid corridor flow swings |
| DOGE | ~$0.238 | –6.6% | Meme coin correction in play |
| ADA | ~$0.824 | –3% | Infrastructure steady, range-bound |
| SHIB | ~$0.00001409 | –0.3% | Community burn support continues |
| SUI | ~$4.03 | ~flat | Holding strong on ecosystem strength |
| KAS | ~$0.0996 | ~flat | Consolidating near breakout levels |
| PI | ~$0.4424 | ~flat | Awaiting next catalyst |
The Road Ahead: Watching ETF Flow and Dominance Trends
Friday’s sell-off appears driven by short-term profit distribution, institutional rotation, and leveraged de-risking—not a structural breakdown. Bitcoin’s breach of its ascending trendline underscores short-term vulnerability, though ETH and selective altcoins show resilience.
ETF inflows remain intact, and macro liquidity (e.g. global M2) continues expanding—a backdrop supportive of long-term crypto strength. As BTC dominance dips under 61%, analysts suggest that supported altcoins—particularly ETH, SUI, ADA, and KAS—could reassert momentum if ETF clarity remains favorable.
However, volatility risks persist, and traders should continue monitoring macro headlines, regulatory developments, and ETF proceedings closely. Next week’s FOMC minutes and ETF registration updates will likely set the tone for early August.
