XRP has been maintaining its position above the crucial $2.00 mark, forming a symmetrical triangle pattern with decreasing volatility. This raises the question: is this range-bound behavior a temporary pause that could precede a more significant upward trend? Despite the lack of a definitive directional bias on the chart, there are indications that a downward move below the $2 psychological level could become likely. However, it’s essential to consider that XRP is still about 300% higher than its lows from November 2024.

Although it has experienced several tests near the $2 support, it has yet to breach this level. This consolidation might actually signify a healthy retracement within a more extensive uptrend, rather than an impending reversal. In the second quarter, XRP saw considerable volatility, dropping to $1.61 and then rebounding by 40% to around $2.19. Behind this movement, over 80% of XRP’s circulating supply remained profitable during the $1.61 dip, suggesting that many holders entered during the November accumulation phase and are now sitting on substantial gains.

Data indicates that profit-taking peaked in early June, yet market structure has remained intact, as buyers have consistently stepped in at the $2.00 level in recent tests. Technical indicators reveal that this may be a phase of accumulation rather than distribution. The narrowing of the Bollinger Bands suggests that volatility is waning, often signaling an impending significant price movement. Furthermore, the lack of aggressive leveraged positions implies that the current market conditions reflect controlled risk, bolstering the notion that XRP’s consolidation is less about speculative hype and more about strategic positioning.

If sentiment shifts positively, the $2 zone could transform into a launchpad for a breakout.

Peter Schiff recently asserted that Bitcoin may have reached a ‘major top,’ but this claim could be premature. As of June 2025, none of the 30 key indicators typically suggesting market overheating showed any concerning signs.

On June 12, Bitcoin (BTC) experienced a brief dip to $102,000 following escalating tensions in the Middle East after Israel attacked Iran. This unrest contributed to a shift in market sentiment, causing BTC to extend its weekly losses to 7%, in line with declines in the U.S. stock market.

In contrast, gold surged to $3,400, which led Schiff, a well-known Bitcoin critic, to express concerns that Bitcoin’s recent performance indicated a significant downturn. He noted that Bitcoin was now over 15% lower than its peak against gold reached in November 2021.

In his analysis, Schiff highlighted that Bitcoin had not shown any strength against gold for over three years, despite increasing government and corporate interest. He posited that this pattern indicated a peak in the Bitcoin bubble, as large holders appeared to be selling their assets to less experienced investors.

While it is true that Bitcoin’s price was below its 2021 peak in terms of gold, some indicators suggested it was too early to declare a market top. The ratio of Bitcoin to gold, which tracks Bitcoin’s price relative to gold, remained in a long-term uptrend.

If this trend were to reverse, then Schiff’s prediction might hold weight. Further analysis from various market indicators, including the CoinGlass Bull Market Peak Indicators, indicated no signs of overheating, suggesting that current price levels were still stable.

Additionally, investor Ken Teng proposed that the U.S. may increase money printing to address debt issues, potentially boosting Bitcoin’s value further. Glassnode supported this view, stating that during the recent price decline, Bitcoin remained above key support levels, indicating limited risk for short-term holders.

Institutional interest in Bitcoin (BTC) has regained momentum, evidenced by a remarkable influx of over $970 million into exchange-traded funds (ETFs) within just three days. This surge comes at a time when Bitcoin’s price stands at $104,750.20 after experiencing a 2.67% daily drop, suggesting a renewed confidence among large investors. However, despite the positive signs of institutional appetite, the overall market sentiment remains mixed. One concerning trend is the declining liquidity in stablecoins.

The Exchange Stablecoin Ratio has plummeted by 3.34% to a current rate of 5.69. This reduction indicates diminished buying power and may weaken the potential for short-term price advantages. If stablecoin availability does not improve, the bullish momentum from ETF inflows could wane. Moreover, retail traders might remain hesitant to enter the market due to limited capital, placing the onus of price stability primarily on institutional players.

Additionally, BTC’s scarcity narrative appears to be losing ground. The Stock-to-Flow Ratio has declined sharply by 22.22%, now sitting at 706.78K. This drop suggests an increase in new supply or stress on circulation levels, both factors that could challenge bullish valuation models. While the long-term prospects remain positive, short-term uncertainties may dampen investor confidence.

Profit-taking behavior is also emerging, as indicated by the MVRV Ratio, which has decreased to 2.21, down by 3.08% in the last 24 hours. This trend suggests that holders are starting to sell, especially in a market where values above 2.0 often precede local tops. Further complicating the landscape, BTC’s Total Value Locked (TVL) in decentralized finance (DeFi) has decreased by 3.66%, now at $6.354 billion. This decline may reflect a broader risk-off sentiment among investors, potentially diminishing BTC’s role in decentralized ecosystems.

While ETF inflows indicate strong institutional conviction, a cautious atmosphere persists across various indicators. Stablecoin liquidity, valuation ratios, and DeFi engagement are all trending downward. For Bitcoin to extend its upward trajectory, these metrics need to align with the overall positive sentiment surrounding institutional investment.

Mantra (OM) has faced a significant downturn, with its price plummeting by more than 12% in a single day to $0.2516. This decline has been ongoing since early April, erasing months of gains as the token struggles below the $1 mark. Currently, OM is trading within a narrow range characterized by low volume and momentum, with indicators like the Parabolic SAR and Stochastic RSI showing no signs of a potential recovery.

Observers are left wondering whether the token can withstand this harsh correction or if further declines are imminent. Amidst this tough climate, some whale addresses have increased their holdings by 2% in the last month, demonstrating a degree of confidence despite the overall price weakness. Conversely, retail and mid-tier investors have scaled back their investments, reducing their holdings by 7.56% and 4.33%, respectively.

This shift signals a trend toward centralization that could diminish broader community involvement and negatively impact potential recovery efforts. On-chain data supports this narrative, showing a 24.34% drop in Large Transaction Volume, indicating waning interest from institutional players when support is most critical. Interestingly, while new addresses rose by 18.6% last week, the number of active addresses increased only slightly by 0.44%.

This disconnection suggests low engagement, as many of the new wallets appear to be inactive or speculative in nature. Additionally, the number of Zero-Balance Addresses decreased by 17%, suggesting that long-term users may be exiting the ecosystem. Alarmingly, 91.91% of OM holders remain in a position of loss, indicating that a potential rebound could lead to significant sell-offs, creating further resistance in recovery efforts.

The market also shows an increasing concentration of short positions near $0.2517, with a looming risk of a short squeeze if any upward movement occurs. However, barring an infusion of buying pressure, short sellers appear to maintain control over the market. In summary, the data indicates persistent weakness across price, volume, and stakeholder engagement.

The absence of new demand, combined with the high proportion of underwater holders, complicates the path to recovery for OM. Without a substantial shift in market sentiment or underlying fundamentals, the token’s trajectory may continue to trend downward.