Bitcoin, Ethereum, XRP Hold Steady As Dogecoin Slips Ahead Of Key Options Expiry

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The cryptocurrency market is maintaining a stable footing this Thursday morning, with major digital assets like Bitcoin (BTC), Ethereum (ETH), and XRP showing resilience amid a quiet trading session. However, Dogecoin (DOGE) has taken a step back, underperforming its peers as traders brace for a pivotal event: the **$20 billion crypto options expiry** scheduled for June 28. This looming derivatives milestone could inject fresh volatility into the market, especially as Bitcoin edges closer to the psychologically significant $110,000 mark.

Current price levels reflect a market in consolidation:

While price action remains range-bound, on-chain and market sentiment data reveal nuanced shifts in investor behavior across the top cryptocurrencies.

Market Momentum and On-Chain Activity

According to IntoTheBlock, Bitcoin has seen a 5.2% increase in large transaction volume over the past 24 hours — a sign of growing institutional or whale activity. Meanwhile, daily active addresses dipped slightly by 2.4%, suggesting short-term traders are holding steady rather than actively moving coins.

In contrast, Ethereum recorded a 15.3% decline in large transaction volume but saw a robust 14.9% rise in daily active addresses. This divergence indicates increased retail participation and network usage, possibly driven by DeFi interactions or NFT activity, even as larger holders remain cautious.

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Over the same period, Coinglass reported that 77,362 traders were liquidated, resulting in $222.89 million in total losses. The majority of these liquidations occurred on the short side, underscoring that despite sideways movement, bearish bets continue to be punished in the current market environment.

ETF Inflows Signal Strong Institutional Demand

Spot Bitcoin and Ethereum ETFs are continuing to attract significant capital. SoSoValue data shows $547.7 million in net inflows** into spot Bitcoin ETFs on Wednesday alone — one of the largest single-day totals in recent weeks. Meanwhile, spot Ethereum ETFs pulled in **$60.4 million, reflecting sustained institutional appetite for both assets.

This consistent inflow trend reinforces the narrative that long-term investors are using price stability as an opportunity to accumulate, particularly ahead of potential macro catalysts and the upcoming halving-driven supply squeeze dynamics.

Trader Insights: What Experts Are Saying

Market analysts and prominent crypto traders are closely watching key technical levels as the options expiry approaches.

Crypto trader CRG noted that Bitcoin has surged 10% over the past three days, regaining momentum after a period of choppy trading. The asset recently broke above the "inside bar low" and is now approaching the "inside bar high" — a technical formation that often precedes strong directional moves.

While bullish momentum appears intact, CRG cautioned that a pullback into the low $100,000s wouldn’t necessarily break the uptrend. Instead, it could represent a healthy correction, especially if the weekly close remains strong. A solid finish could set the stage for further gains in early July.

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Meanwhile, Michael van de Poppe highlighted Ethereum’s potential for a major breakout. ETH is currently testing resistance against Bitcoin and appears poised to reclaim a critical level within its prior trading range. A successful move could open the path toward $3,000, especially if broader market sentiment remains supportive.

XRP and Solana: Bullish Patterns Emerge

For XRP, technical indicators are turning positive. Trader Rose Premium Signals pointed out that XRP is testing a descending trendline after a strong bounce from support. A confirmed breakout above this resistance could trigger a rally toward $2.4558**, with an extension target at **$2.6549. The retest of breakout levels could offer an attractive risk-reward entry point for swing traders.

Solana (SOL) is also drawing attention. Popular trader Altcoin Gordon recently teased, “Are you ready for Solana Summer?” — a nod to the seasonal rallies seen in past years. With growing ecosystem activity, improving network performance, and increasing developer engagement, SOL may be setting up for outperformance in the coming weeks.

Dogecoin Lags Despite Bullish Pattern

Despite broad market strength, Dogecoin continues to lag behind its large-cap peers. The meme coin is currently forming an ascending triangle pattern, according to analyst The Cryptomist. Historically, this formation often leads to an upside breakout.

A confirmed breakout from this structure could propel DOGE toward $0.82, representing a potential gain of over 400% from current levels. However, until such a move materializes, Dogecoin remains vulnerable to underperformance, especially in a market favoring fundamentals and on-chain utility.

Frequently Asked Questions (FAQ)

Q: What is the significance of the June 28 options expiry?
A: The $20 billion crypto options expiry could trigger increased volatility as traders close or roll over positions. Large expiries often lead to price manipulation attempts near strike prices, making this a key date for short-term traders.

Q: Why is Bitcoin showing strong ETF inflows despite price consolidation?
A: Institutional investors often view periods of low volatility as ideal entry points. With macro uncertainty and inflation concerns persisting, Bitcoin continues to be seen as a hedge, driving sustained ETF demand.

Q: Can Dogecoin really reach $0.82?
A: While technically possible through a breakout of its ascending triangle, DOGE would need strong market momentum and broader meme coin sentiment to support such a move. It lacks recent fundamental catalysts compared to other top cryptos.

Q: Is Ethereum’s rally dependent on Bitcoin’s performance?
A: Not necessarily. While BTC often leads the market, ETH can outperform during periods of strong DeFi or NFT activity. Its upcoming protocol upgrades and staking yields also provide independent bullish drivers.

Q: What does rising active addresses mean for Ethereum?
A: Increasing daily active addresses suggest growing network usage — a positive signal for long-term health. It indicates real-world engagement beyond speculative trading.

Q: How do liquidations affect crypto prices?
A: Large-scale liquidations often amplify price swings. When leveraged positions are wiped out, forced selling (or buying) can accelerate trends, creating short-term volatility spikes.

With Bitcoin nearing $110K, Ethereum eyeing $3K, and altcoins showing signs of life, the stage is set for a potentially explosive July. As options expiry approaches and ETF inflows continue, market participants should remain alert for breakout opportunities — especially in assets like XRP and Solana that are showing early signs of momentum.

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