🐳 Where are whales focusing their attention as markets chop this week? These are the altcoins seeing the highest increase in whale transactions:

📈 1) Chromia $CHR
📈 2) HarryPotterObamaSonic10Inu $BITCOIN
📈 3) Civic $CVC
📈 4) Cartesi $CTSI
📈 5) Chiliz $CHZ
📈 6) Flux $FLUX
📈 7) Virtua $TVK
📈 8) Multi Collateral Dai $DAI
📈 9) GoMining #Gomining
📈 10) Pax Gold $PAXG

Keep an eye on assets seeing the highest increases in whale activity, as they typically foreshadow the largest upcoming price moves in crypto. 👀

Bitcoin (BTC) is on a volatile ride inside a five-month price range between $60,000 and $72,000. However, the Market Value to Realized Value (MVRV) and Network Value-to-Transaction (NVT) onchain indicators suggest BTC could be ready for expressive growth.

On July 26, these metrics hint at a favorable scenario for Bitcoin to retest and possibly break the range’s resistance.

As of this writing, Bitcoin trades at $67,500 with a recovering 90-day MVRV ratio of 4.74% and a circulation-based NVT in a downtrend at 248 points. The potential breakout, however, may not occur immediately, and BTC could retest the range’s support before bouncing back up.

Read more at Finbold: https://finbold.com/bitcoin-price-is-set-for-expressive-growth-according-to-key-indicators/

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Bitcoin’s Network Value-to-Transaction (NVT) ratio reached an all-time high on July 20. The NVT indicator is often compared to the price-to-earnings (P/E) indicator for stocks, which is used for fundamental analysis.

As observed, Bitcoin’s seven-day NVT ratio is at 231 considering a $36.5 billion transaction volume at $66,500. In 2021, the Network Value-to-Transaction peaked at 58 with BTC trading at $44,800 and $106.92 billion transacted on-chain.

This is a direct result of an aggressive increase in the BTC price, which was not followed by network activity. In summary, the cryptocurrency price is rising while Bitcoin’s transaction volume is holding at historically low levels.

Therefore, this suggests a mostly speculative demand for an asset without a proportional organic demand and could hint at an impending correction if the network activity does not pick up.

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I have seen a lot of comments on social media regarding the end of the bull market. What is the general trend in social media?

Bullish Sentiment (Red Bars):

• The trend line for bullish sentiment shows a gradual decline over time. This indicates that, despite some spikes, the overall volume of bullish mentions has been decreasing.

Bearish Sentiment (Blue Bars):

• The trend line for bearish sentiment also shows a decline, but it is less pronounced than the bullish sentiment. This suggests that the volume of bearish mentions has also been decreasing, although not as steeply as the bullish mentions.

Interpretation:

The declining trend in both sentiments might indicate a period of consolidation or reduced market excitement after significant price movements.

It's essential to monitor these trends in conjunction with other market indicators better to understand the potential future movements in the Bitcoin market.

Live chart

📈 The #memecoin sector has been surging above all others in #crypto in Q2. Assets like $PEPE (+100%), $PONKE (+96%), $MAGA (+80%), $TURBO (+78%), and $BITCOIN (+76%) have been major beneficiaries. This past week, #meme assets are +136% in volume.

Check out the link to our memecoin watchlist, and find the trading opportunities right for your strategy.

📈😻 #Memecoins had an eyebrow raising start to the week, with breakouts and decouplings all over the place the past 24 hours. Among the top 50 assets in this sector, trading volumes exceeded a +34% rise.

$PEPE, $MAGA, $MOG, $BITCOIN, $PONKE, $PEPE2.0, $SPX, and $ANALOS are all coins to have on your radar with major volatility opportunities.

Not pictured are the staggering emergences of $GME (crypto token) and $ROAR.

Explore the #memecoin watchlist here, and sort by highest gainers, losers, and coins with the biggest #onchain and social #bullish divergences.