Bitcoin Under Selling Pressure as Institutions Buy: Trump Media Invests $293M in BTC
Redakcja CryptoPulsar ·
Cryptocurrencies are in the red — Bitcoin drops 1.7% to $63,518, while Ethereum slips 1.6%. Meanwhile whales are accumulating BTC, and Trump Media is placing a long-term bet. Steady gains in BNB and TRX contrast with a deep XRP correction and a Chainlink rally after a Standard Chartered forecast.
The crypto market opens the week in the red. Bitcoin slides 1.7% and trades at $63,518, while Ethereum loses 1.6% to $1,862.46. Sentiment is cooled by the Fear & Greed Index at 29, yet far more is happening behind the scenes — from multi-million institutional purchases to spectacular moves by dormant wallets. We have gathered the key data to break down today’s session piece by piece.
Top Gainers and Losers
| Crypto | Price | 24h | Cap |
|---|---|---|---|
| Bitcoin | $63,518 | -1.70% | $1.27T |
| Ethereum | $1,862.46 | -1.60% | $224.78B |
| BNB | $609.19 | +1.10% | $81.13B |
| XRP | $1.007 | -2.20% | $62.98B |
| Solana | $74.87 | -1.80% | $43.62B |
| TRON | $0.3346 | +1.10% | $31.76B |
| Figure Heloc | $1.005 | -3.50% | $21.28B |
| Hyperliquid | $53.96 | -1.00% | $12.00B |
Among other assets, Chainlink stands out, gaining +3.1% over 24 hours after the Standard Chartered report — the best performance in the oracle sector. Meanwhile, Mantle (L2) posts +2.0%, and World Liberty Financial (DeFi) rises +3.9%. The steepest drop outside the main table belongs to Uniswap (-6.9%), which may reflect capital rotation within the DeFi segment.
Bitcoin: Whales vs. Fear
Bitcoin has been oscillating around $63,500 for three days. Technically the picture is mixed — RSI(14) at 65.7 remains neutral, but MACD and the EMA 9/21 crossover are generating bullish signals, which in our market cycle translates to a score of 32.4/50. At the same time, the Fear & Greed Index has fallen to 29, a level that has historically often accompanied local bottoms.
Data from on-chain analysis shows the network is still processing a solid 1.03 million transactions per day, with total market cap holding at $1.27 trillion. A neutral funding rate (0.0021%) rules out overheating of leveraged long positions. Importantly, the past hour saw as many as 100 large BTC transfers, and media report whale transactions totaling over $1 billion — according to BitHub.pl. Moves of this kind are increasingly interpreted as accumulation at current price levels.
Extra intrigue comes from AMB Crypto: Trump Media disclosed a $293 million Bitcoin purchase despite a second-quarter loss. This institutional support could act as a catalyst, though on its own it has yet to break through the $65,000 resistance.
🔑 Key Takeaways from the BTC Market
- The Fear & Greed Index at 29 signals extreme pessimism, which has historically preceded rebounds.
- Daily on-chain activity (1.03M transactions) remains stable, pointing to real network usage.
- Whale accumulation — combined transactions worth over $1B — is a contrarian signal in a fear phase.
- Trump Media joins the ranks of corporations holding BTC on the balance sheet, betting on long-term appreciation.
Ethereum: Silence in Flows, Noise Among Whales
Ethereum trades at $1,862.46 and, like BTC, is down 1.6% over 24 hours. Our market cycle indicator scores ETH at 31.0/50. Most striking, however, is the exchange flow balance: netflow sits at exactly 0 ETH — over the past hour investors halted all transfers to centralized platforms. This rare situation points to deep uncertainty.
At the same time, algorithms tracking large transactions registered 100 moves above 100 ETH within an hour. Of particular note is a transfer of 2,407 ETH (worth about $4.5 million) between non-exchange wallets, suggesting internal reshuffling of institutional portfolios rather than preparation for a sell-off. ETH market cap stands at $224.78 billion, with 24-hour volume holding at an acceptable $6.78 billion.
💡 Good to Know
According to Comparic.pl, a Bitcoin wallet inactive for over 12 years unexpectedly moved $1.75 million in BTC. Awakenings of this kind often spark speculation about the return of “old” whales and can influence sentiment around historic coins.
Altcoins Split: TRON and BNB in the Green, XRP in Retreat
Among the largest tokens, gainers include BNB (+1.1% to $609.19) and TRON (+1.1% to $0.3346). BNB benefits from moderate network activity — just over 200,000 transactions per day and a neutral RSI of 50. TRON, meanwhile, impresses with on-chain data: 12.4 million transactions in 24 hours and a hundred large transfers, including a 17.5 million USDT transfer within an hour. The market cycle score for TRX is 33.1/50, placing it slightly above average.
The flip side is XRP — a 2.2% drop to $1.007 compounds a weekly loss of 6.8%. Market cap has fallen to $62.98 billion. Technical indicators remain mixed: MACD has crossed into bullish territory, but EMA 9 is still below EMA 21, and the market remains in the grip of fear (index at 29). Solana (-1.8%, $74.87) adds to the declines, although algorithms detected 100 large SOL transfers in an hour, including transactions involving a million tokens — which may foreshadow volatility.