James Wynn Goes All-In With 40x Bitcoin Short, Is a Big Dump Coming 

Prominent on-chain analyst Willy Woo has stated that Bitcoin (BTC) could reclaim its all-time highs if the current capital inflows persist. 

He added that investors should view price dips as healthy corrections and buying opportunities rather than as signals of a market crash.

Will Bitcoin Reclaim Its All-Time High Again?

Woo shared his insights in a detailed thread on X (formerly Twitter). He believes strong fundamentals support Bitcoin’s bullish trend. 

This includes a rising capital inflow into the Bitcoin network, with total and speculative capital flows recently bottoming out. The alignment of these flows creates a solid, bullish environment for the asset.

“BTC fundamentals have turned bullish, not a bad setup to break all-time highs,” he stated.

Additionally, Woo highlighted that Bitcoin’s liquidity is deepening, as evidenced by his downward-trending Risk Model. This downtrend suggests market liquidity has returned. Therefore, future price drops will likely be smaller and less severe, reducing the risk of sharp sell-offs.

“All dips are for buying under the present regime. In the very short term, there’s good chances of dips,” Woo asserted.

The analyst further noted that Bitcoin has already reclaimed medium-term price targets of $90,000 and $93,000. In addition, a new interim target at $103,000 has formed, suggesting that Bitcoin will likely reach this level before pushing toward the $108,000 all-time high.

He clarified that these targets are supported by sustained capital inflows rather than mere speculative trading, strengthening the case for a durable upward trajectory.

Despite the optimistic long-term outlook, Woo cautioned that short-term challenges may arise. Bitcoin’s on-chain Volume Weighted Average Price (VWAP) is currently at +3 standard deviations. 

This implies that the coin’s current price is far above its typical range. When an asset moves this far above its average, it’s considered overextended. 

“It’ll be hard to move upwards with decent momentum due to overextension,” Woo explained. 

According to Woo, this metric indicates that upward momentum may be limited in the near term. Instead, the most likely outcomes are moving sideways or a slow, gradual increase rather than a fast rally.

Previously, BeInCrypto outlined three major signals that strengthen the case for Bitcoin’s recovery. In April, Bitcoin reestablished its inverse relationship with the falling US Dollar Index (DXY) and decoupled from the NASDAQ. 

Meanwhile, long-term investors are actively accumulating coins. Together, these three divergences signal growing market confidence and hint at a potential major Bitcoin rally. In fact, BTC’s recent market performance also reinforces this outlook.

BeInCrypto data showed that the coin’s value has recovered by 7.7% over the past week. At the time of writing, Bitcoin traded at $94,125, representing a minor downtick of 0.07% over the past day.

The post Bitcoin’s Bullish Fundamentals Signal Path Toward $108,000, Says Analyst appeared first on BeInCrypto.

Solana plunged to a 12-month low of $95.23 on April 7, marking a sharp decline amid broader market turbulence. 

However, as the market embarked on a recovery this week, SOL has witnessed a rebound, with its price climbing as demand surges.

SOL Rebounds 17%, Eyes Further Gains

Since SOL began its current rally, its value has soared by 17%. At press time, the altcoin trades at $124.58, resting atop an ascending trend line.

This pattern emerges when the price of an asset consistently makes higher lows over a period of time. It represents an uptrend, indicating that SOL demand is gradually increasing, driving its prices higher. It suggests that the coin buyers are willing to pay more, and it serves as a support level during price corrections.

SOL’s recovery is further supported by its rising Relative Strength Index (RSI), indicating increasing buying interest. This momentum indicator is at 49.58 at press time, poised to break above the 50-neutral line. 

The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.

At 49.50 and climbing, SOL’s RSI signals a steady shift in momentum from bearish to bullish. A rise above 50 would confirm increasing buying pressure and a potential for a sustained upward price movement. 

Solana Bulls Eye $138

SOL’s ascending trend line forms a solid support floor below its price at $120.74. If demand soars and the bullish presence with the SOL spot markets strengthens, the coin could continue its rally and climb to $138.41.

However, if profit-taking commences, the support at $120.74 would be breached, and the SOL’s price could revisit $95.23.

The post Solana Shakes Off 12-Month Lows, Gaining Momentum for a $130 Rally appeared first on BeInCrypto.

Ripple’s RLUSD stablecoin has been steadily gaining momentum, emerging as one of the fastest-growing assets in the crypto space.

Data from DeFillama reveals that RLUSD’s circulating supply surged by 47% this month, reaching an impressive $455 million in June. This means its supply increased by over $150 million this month.

Ripple RLUSD Gains Ground as Ethereum Supply Quadruples

According to the data, approximately $390 million of RLUSD’s supply is on the Ethereum network, while $65 million resides on Ripple’s XRP Ledger.

Notably, the stablecoin’s supply on Ethereum has grown by nearly four times since January, according to blockchain analytics platform Token Terminal.

Market analysts noted that several key factors have contributed to RLUSD’s impressive market growth.

One of the primary drivers is the passage of the US GENIUS Act, which provides clear regulatory guidelines for dollar-backed stablecoins.

This legal framework is expected to encourage further growth in the sector by enabling stablecoin issuance under well-defined regulations.

Moreover, Ripple’s improved legal standing with the US Securities and Exchange Commission (SEC) is further boosting RLUSD’s appeal in the industry.

After a five-year legal battle, Ripple CEO Brad Garlinghouse announced that the company would drop its cross-appeal. This move signals a possible end to the protracted legal dispute.

Considering this, market observer expects the development to strengthen confidence in RLUSD as a reliable stablecoin for industry players.

Ripple launched RLUSD in December 2024 as a US dollar-pegged stablecoin designed to meet regulatory standards and offer global accessibility. The digital asset is minted under a New York trust company license and is backed by short-term Treasurys and cash.

In addition to the US legislative advancements, RLUSD has also received approval from the Dubai Financial Services Authority (DFSA), which regulates the Dubai International Financial Centre (DIFC).

This approval allows companies within the DIFC to use RLUSD for various virtual asset services, including payments and treasury management.

The DIFC is home to nearly 7,000 registered businesses and serves as a key financial hub for the Middle East, Africa, and South Asia. This positioning sets the stage for broader adoption of RLUSD across these regions.

The post Ripple’s RLUSD Becomes the Fastest Growing Stablecoin In June appeared first on BeInCrypto.