Cardano is making its way back into the talks of the crypto market. This time around, the fuel for the buzz comes from Midnight sidechain and the Glacier airdrop. These developments have come at a time when on-chain data and patterns suggest ADA may be gearing up for an uptrend. In this price analysis, we explore the potential moves the ADA price could make in the short term.
ADA Price to Eye for $1 Soon?
Cardano’s ADA is presently changing hands at $0.7284, while recovering from a weekly low of $0.7238. Despite a -9.61% drop over the past week, ADA price is still up +18.58% over the last month. The biggest signal comes from the $932 million in outflows from centralized exchanges, a pattern that mirrors ADA’s 2021 accumulation before it chugged up to an all-time high of $3.10.
Looking at the 4-hour chart, ADA is attempting to reclaim its 9-period SMA at $0.7338. The RSI is sitting at 44.11, indicating bearish momentum is weakening and may reverse if volume increases. A break above $0.75 could serve as confirmation of a bullish divergence forming, which could take the price to $0.84, then to $1. In contrasting events, the support remains at $0.66.
Strategy (NASDAQ: MSTR/STRC), the largest corporate holder of Bitcoin (BTC), has released its financial results for the second quarter of 2025, which ended on June 30. During the second quarter, Strategy raised more than $10 billion through ATM programs and IPOs.
As a result, Strategy increased its Bitcoin holdings to 628,791 coins, which is nearly 3 percent of BTCs total circulating supply. The company’s operating income for the second quarter was about $14.03 billion, which represents a 7,106 percent surge year-over-year (YoY).
The company achieved a gross profit of $78.7 million, which mostly came from the subscription services and product licenses.
“STRC expands our capital markets platform with an instrument engineered to balance stability and yield, and it reflects our commitment to developing innovative financial products that extend the reach of the Bitcoin economy,” Michael Saylor, Executive Chairman at Strategy, noted.
Strategy Remains Committed to Bitcoin’s Long-term Success
According to a Securities and Exchange Commission (SEC) filing dated July 31, Strategy entered into a sales agreement with several financial institutions to sell its shares and raise up to $4.2 billion. The company plans to pay a commission of 2 percent of the total raised funds to the financial institutions selling its shares, and use the rest of the capital to purchase more Bitcoins.
Earlier this week, Strategy closed a $2.52 billion IPO for STRC, thus purchasing 21,021 BTCs. As a result, Strategy achieved a BTC Yield of 25 percent YTD.
Market Impact
The palpable success rate recorded by Strategy with its Bitcoin plan has convinced other corporations to follow the same path. According to aggregate market data analysis from BitcoinTreasuries, 285 entities hold about 3.64 Bitcoins in the respective treasuries.
As a result, Bitcoin price is well-positioned to rally exponentially in the coming months and years, fueled by the supply vs demand shock. Moreover, the U.S. has led other nations in implementing clear crypto regulations.
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Strategy (NASDAQ: MSTR/STRC), the largest corporate holder of Bitcoin (BTC), has released its financial results for the second quarter of 2025, which ended on June 30. During the second quarter, Strategy raised more than $10 billion through ATM programs and IPOs. As a result, Strategy increased its Bitcoin holdings to 628,791 coins, which is nearly …
GCash, the Philippines’ leading digital money app, announced support for Circle’s USD Coin (USDC). Users in the country can now hold and transact with the stablecoin.
This marks a major step in integrating stablecoins with everyday transactions in the country.
Circle’s USDC Ventures Into the Philippines Market
Local media revealed the integration, noting that GCash users in the Philippines can buy, hold, and send USDC through GCrypto, the app’s cryptocurrency platform. GCash’s Group Head of Wealth Management, Arjun Varma, says this integration presents a game-changer for financial inclusion in the Philippines.
“By offering easy access to digital dollars, we empower our users with a stable and globally recognized financial asset,” local media reported, citing Varma.
Unlike volatile cryptos like Bitcoin (BTC) and Ethereum (ETH), USDC is a stablecoin pegged to the US dollar. This makes it a more reliable digital asset for payments and savings.
The move is expected to help millions of Filipinos bypass traditional banking infrastructure, which is reportedly slow, expensive, and inaccessible to many.
“Philippines payments are absolutely horrible. Some of the worst rails and ramps in the world,” one user remarked.
With USDC reserves held at regulated financial institutions, they undergo regular third-party attestations to ensure transparency. Circle CEO Jeremy Allaire highlighted the scale of this expansion, citing an opportunity for growth in the firm’s stablecoin network.
“The largest and most widely used digital money app in the Philippines, GCash, just announced support for USDC in their mobile wallet. Another ~100m users being brought into Circle’s stablecoin network,” he expressed.
This poses competition for stablecoin issuers like Tether and Circle as established banks look to enter the space with their stablecoin offerings. As financial giants move in, fintech companies like GCash offer themselves as potential avenues for expansion to stablecoin issuers.
“GCash’s USDC move puts a global digital dollar in 100 million Filipino hands. Stablecoins might just leapfrog banks in places like this,” another user added.
“Crypto payments failed for one small reason that needs fixing: When sending USDC, let the recipient see the transaction but not your address. Nobody wants to reveal their wallet for a 10 USDC beer payment,” DeFi researcher Ignas said recently.
While GCash’s USDC integration offers convenience, calls for stablecoin transparency, like revealing wallet addresses for USDC transactions, may deter adoption even for Philippine users.
Still, GCash’s move reflects a broader trend of digital wallets embracing blockchain-based finance.
Crypto options expiry this week concerns over $3.5 billion in notional value. The high volume of expiring options isexpected to create short-term volatility in the market.
These expiring options coincide with rising global uncertainty amid geopolitical tensions, so traders and investors should prepare for the impact.
Crypto Markets to See $3.5 Billion in Bitcoin, Ethereum Options Expire
With over $3.5 billion worth of Bitcoin and Ethereum options expiring today, data on Deribit shows BTC contracts account for most of it. Today, 27,959 Bitcoin option contracts will expire, sending up to $2.9 billion in notional value down the drain.
The maximum pain level is $106,500, slightly above Bitcoin’s price as of press time. Option traders will experience the most losses at this level.
Meanwhile, these expiring Bitcoin contracts have a put-to-call ratio of 0.91, highlighting the prevalence of Call (purchase) options rather than Put (sale) options. This means traders are leaning bullish rather than bearish.
At the same time, 246,849 Ethereum contracts will expire today, accounting for $617.6 million in notional value.
According to data on Deribit, these expiring options have a put-to-call ratio of 1.14. The maximum pain level or strike price is $2,650. Notably, Ethereum’s put-to-call ratio is above 1, showing a prevalence of Put (sale) options rather than Call (purchase) options.
Ethereum’s put and call options distribution suggests a market tilt toward protecting against ETH price drops, based on the higher put-call ratio of 1.14.
According to the Max Pain theory in crypto options trading, as options near their expiration, the underlying asset’s price tends to gravitate toward the strike price. Here, the greatest number of options (calls and puts) would expire worthless, causing maximum financial loss (or “pain”) to option holders.
This theory hinges on the assumption that market makers or large institutional players (smart money), often on the other side of options trades, may influence the underlying asset’s price through trading or hedging activities. Their actions push prices toward the max pain points.
It happens as market makers profit when options expire worthless, as they collect the premiums without paying out.
Ethereum Upside Flows Are Strong Heading Into Expiry
Greeks.live analysts highlight bearish dominance, as seen with multiple traders shifting to buy puts for protection. Deribit notes that ETH upside flows are heading into expiry.
“ETH upside flows are strong heading into expiry. Will traders keep chasing it after Friday, or is this where it cools off?” Deribit posed.
This contrasts with Ethereum’s max pain point, indicating potential volatility given that option expiries often trigger price swings as traders adjust positions. This is especially true when flows defy max pain expectations.
“The group appears divided on market direction, with bears dominating the conversation as multiple traders have shifted to buying puts for protection,” analysts at Greeks.live wrote, highlighting market sentiment.
Analysts at Greeks.live attempt to explain the Put protection strategy, which is displayed among traders who are hedging for downside risk.
According to the analysts, traders are buying put spreads and protective puts, positioning themselves strategically after months of bullish sentiment.
High volatility environment is creating attractive opportunities for put protection, with traders anticipating two standard deviation events and significant price wicks from unexpected news catalysts,” they added.
