Cryptocurrency markets are showing signs of consolidation in the early weeks of Q3 2025, with Bitcoin trading just below the $107,000 mark and other major digital assets holding steady. Despite a slight downturn on Tuesday, broader market sentiment remains cautiously optimistic as key on-chain metrics and technical patterns suggest potential breakouts on the horizon.
After a 15-day streak of positive inflows, spot Bitcoin ETFs saw reduced momentum with $102.1 million in net inflows on Monday, according to SoSoValue. Meanwhile, spot Ethereum ETFs experienced $31.8 million in net outflows, signaling a temporary shift in investor focus back toward Bitcoin. This recalibration reflects short-term indecision rather than a bearish reversal.
Market Snapshot: Key Cryptocurrency Prices
As of Tuesday’s session:
- Bitcoin (BTC): $106,425.08
- Ethereum (ETH): $2,455.16
- Solana (SOL): $149.03
- XRP: $2.19
- Dogecoin (DOGE): $0.1610
- Shiba Inu (SHIB): $0.00001126
While price action appears range-bound, underlying activity tells a different story. On-chain data from IntoTheBlock reveals a surge in large transaction volumes—up 90.4% for Bitcoin and a striking 114.4% for Ethereum over the past week. Notably, Bitcoin’s daily active addresses climbed by 32.1%, indicating growing network usage, while Ethereum saw a 9.1% decline, possibly due to reduced DeFi activity or gas cost sensitivity.
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Trader Sentiment: Caution Meets Opportunity
Market participants are adopting a wait-and-see approach, closely monitoring key technical levels before committing to new positions.
Crypto trader Degen Hardy remains on the sidelines, emphasizing that he has not yet entered any long positions. He is watching three critical support zones for potential entry points:
- $100,900: Untapped weekly and daily support level
- $96,800: Point of Control (PoC) for the macro price range
- $91,000–$92,000: CME futures gap zone
These levels are not predictions but strategic zones where price could find strong buying interest if tested again. According to Hardy, a revisit to any of these areas could present high-probability long opportunities with favorable risk-reward ratios.
Bitcoin’s Final Leg Up?
Analyst BitBull believes Bitcoin is preparing for its final upward push in the current bull cycle. Despite trading below $107,000, the weekly Relative Strength Index (RSI) remains below overbought territory, suggesting there’s still room for upside without signs of exhaustion.
“$BTC seems to be preparing for its final leg up. Weekly RSI is still below the overbought zone, so there's nothing to be panicked about. I think BTC is going above $160K+ in 2025 and will peak in Q4 2024.”
— BitBull (@AkaBull_), July 1, 2025
This outlook aligns with growing institutional interest and macroeconomic tailwinds, including expectations of rate cuts and increased adoption of digital asset investment vehicles.
Ethereum: Quiet Before the Storm?
Michael van de Poppe observes that Ethereum is undergoing tight consolidation, a pattern often preceding significant price movements. With technical indicators building momentum, a breakout could be imminent.
“$ETH consolidates before the next big breakout is on the horizon.”
— Michaël van de Poppe (@CryptoMichNL), July 1, 2025
Although spot Ethereum ETFs saw outflows recently, this may reflect profit-taking or portfolio rebalancing rather than long-term bearishness. The sharp increase in large ETH transactions signals accumulation by whales, potentially setting the stage for a strong move once direction is confirmed.
XRP and Dogecoin Show Bullish Technical Setups
XRP: Echoes of 2017 Bull Run?
Trader Galaxy draws parallels between XRP’s current technical structure and its late-2017 breakout phase. The similarity in RSI formation and price action suggests explosive potential if momentum resumes.
With XRP holding firm near $2.19 and maintaining strength against broader market dips, sentiment is gradually improving. Regulatory clarity and increased adoption in cross-border payments continue to support long-term fundamentals.
Dogecoin: Inverse Head & Shoulders Confirmed
On the meme coin front, Trader Tardigrade identified a confirmed Inverse Head & Shoulders pattern on Dogecoin’s 4-hour chart, followed by a successful retest of the neckline. This classic bullish reversal formation points to potential continuation toward higher targets.
With DOGE holding above $0.16 and showing resilience, traders are eyeing a move toward $0.20 or beyond if volume supports the breakout.
Risk Landscape: Liquidations and Volatility
Despite overall stability, volatility remains present. Coinglass data shows that 84,056 traders were liquidated in the past 24 hours, totaling $199.23 million in positions—highlighting the risks of leveraged trading during consolidation phases.
Such events often precede volatility expansions, meaning the current calm could give way to sharp moves in either direction depending on macro triggers or ETF flow reversals.
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FAQ: Common Questions About Current Crypto Trends
Q: Why is Bitcoin consolidating below $107,000?
A: Bitcoin is in a typical consolidation phase after a strong rally. Low volatility and tight trading ranges often precede major breakouts, especially when on-chain activity remains strong.
Q: Is the bull run still intact despite quiet price action?
A: Yes. Key indicators like large transaction volume, active addresses, and ETF inflows suggest underlying strength. Consolidation is normal mid-cycle and doesn’t signal an end to the bull market.
Q: What are the next key levels to watch for Bitcoin?
A: Upside resistance lies near $110,000–$112,000. On the downside, critical support zones are at $100,900, $96,800, and the CME gap at $91,000–$92,000.
Q: Could Ethereum outperform Bitcoin in Q3?
A: While Bitcoin dominates ETF flows, Ethereum’s tight consolidation and whale accumulation suggest it could see a strong breakout once momentum returns—especially if network upgrades boost demand.
Q: Are meme coins like Dogecoin safe to trade now?
A: Meme coins carry higher risk due to low fundamentals and high volatility. However, technical patterns like Dogecoin’s inverse head and shoulders can offer short-term opportunities for experienced traders.
Q: How might ETF flows impact prices in the coming weeks?
A: Sustained inflows into spot Bitcoin ETFs typically support price appreciation. A return of inflows to Ethereum ETFs could reignite momentum across altcoins.
Final Outlook: Quiet Markets Mask Building Momentum
While Q3 2025 began with subdued price action across major cryptocurrencies, the underlying data reveals a market that is far from stagnant. From rising large transaction volumes to bullish technical patterns on Bitcoin, Ethereum, XRP, and Dogecoin, the foundation for another leg up appears to be forming.
Analysts like BitBull project Bitcoin exceeding $160,000 by 2025, with a likely peak in late 2025 or early 2026—extending the current bull run beyond initial expectations.
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As institutional adoption grows and technical structures align, traders should remain vigilant for breakout signals while managing risk in volatile conditions. The calm before the storm may be the best time to prepare for what comes next.