During Q2, Bitcoin maintained its inverse relationship with the U.S. dollar and moved in tandem with a declining gold market, but failed to join the S&P 500's rally despite their high correlation, held back by tighter monetary policy expectations and crypto-specific selling pressures.

The vast majority of stablecoin activity relates to trading, derivative collateral transfers, protocol mechanics, and intermediary routing, while only 7% (approximately $350–$550B) represents real-world payments

📰 Key Updates You Need to Know

#ADAUSDT 1D Update

This chart is still valid.

#XNOUSDT1D

#XNO is trading within a descending channel on the daily timeframe. Trading volume has increased significantly, and the price is currently facing strong resistance from both the Ichimoku Cloud and the upper boundary of the channel. A confirmed breakout above these resistance levels could open the way toward the following upside targets:

🎯 $0.391
🎯 $0.419
🎯 $0.446
🎯 $0.485
🎯 $0.535

⚠️ Always remember to use a tight stop-loss and maintain proper risk management.

#TOWNSUSDT 1D Update

#TOWNS looks poised for a breakout, in my opinion.

#GMXUSDT 1D

#GMX is testing both the descending trendline resistance and the 200-day SMA on the daily timeframe. A confirmed breakout above these key resistance levels could trigger a bullish move toward the following upside targets:

🎯 $7.37
🎯 $8.01
🎯 $8.65
🎯 $9.56
🎯 $10.72

⚠️ Always remember to use a tight stop-loss and maintain proper risk management.

#ONDOUSDT 1D

#ONDO is trading within a bullish flag pattern on the daily timeframe. The price remains above the 50-day SMA and the flag's midline, indicating continued bullish momentum. A confirmed breakout above the flag resistance could lead to the following upside targets:

🎯 $0.3920
🎯 $0.4226
🎯 $0.4662
🎯 $0.5217

⚠️ Always remember to use a tight stop-loss and maintain proper risk management.

#YBUSDT 1D

#YB has broken above the falling wedge resistance and the 50-day SMA on the daily timeframe. However, it is now approaching the Ichimoku Cloud, which remains a key resistance zone. A confirmed breakout above the cloud could pave the way for the following upside targets:

🎯 $0.1097
🎯 $0.1361
🎯 $0.1574
🎯 $0.1788
🎯 $0.2091
🎯 $0.2478

⚠️ Always remember to use a tight stop-loss and maintain proper risk management.

Glassnode: The STH Cost Basis Distribution heatmap indicates a fresh wave of supply shifting to new buyers in the $62k-$65k range during the rally from $57k.

This situation presents a double-edged structure: while aggressive buying could establish a cost basis floor to support a further test of $66k and above, the concentration of accumulation towards the end of the rally raises the risk of a local top formation if the price fails to convincingly breach $66k.

The $66k level serves as the near-term arbiter between these two scenarios.