WHALESЦена Whales Market

Despite Solana demonstrating strong on-chain growth and diversification, with Q2 trading volume surging over 3,200% to $67 billion, its price action remains weak. A $15 million short position has been placed against SOL, suggesting some traders are betting on a bearish move. The rationale hinges on crowded leveraged long positions that could trigger forced selling if market momentum weakens, especially if Bitcoin faces pressure. This could drive SOL to retest the $40 level. The article frames Solana's current consolidation near $70 as a potential bull trap, noting early ETF outflow weakness in June 2026 as a counterpoint to the network's robust underlying activity.

Cardano whale wallets holding over 100,000 ADA increased by 1.2% even as active daily addresses on the network fell to a 45-day low. This divergence suggests larger, long-term oriented investors are accumulating during a period of thin retail activity. However, this on-chain signal should not be interpreted as a guarantee of an imminent price reversal, but rather as one piece of data indicating shifting risk appetite. The development is significant for traders as such narratives can influence sentiment and liquidity across related crypto assets, especially in the current market driven by factors like ETF flows and macro conditions. The key will be to watch if this accumulation trend is confirmed by subsequent data, distinguishing it from a short-term positioning shift.

Ethereum (ETH) has reclaimed and held the $1,800 price level. Despite struggles to maintain a clear uptrend, large-scale investors, or "whales," are actively accumulating. On-chain data reveals two significant whale purchases totaling 11,306 ETH, worth approximately $20.59 million. This accumulation aligns with broader market signals showing sustained demand: exchange netflows have been negative for eight consecutive days—the longest streak this year—indicating more ETH is being withdrawn from exchanges than deposited. Consequently, the available supply on exchanges has decreased, with the Exchange Supply Ratio hitting a three-week low. The Relative Strength Index (RSI) remains above 50, supporting a bullish momentum. For ETH to target the $2,000 level, it must maintain its position above the short-term moving average at $1,778. Continued accumulation and controlled supply could pave the way for further price appreciation.

Dogecoin (DOGE) has struggled to break the $0.080 resistance level in early July. Crypto intelligence analyst Joao Wedson notes a key divergence: while large investors (whales) are taking long positions, retail traders remain short. This sentiment shift occurred as DOGE dropped below $0.07. A potential short squeeze could push the price toward $0.08, as liquidation data shows a higher concentration of short positions at that level. However, such a move might be temporary without sustained demand to reverse the overall downtrend. On the price chart, the $0.08 level is a critical short-term resistance zone, coinciding with a 23.6% retracement level. If reclaimed as support, DOGE could rally toward $0.108. Conversely, if Bitcoin fails to break past $65k, Dogecoin could see a final sweep of the $0.08 area before potentially falling to new lows. In summary, whale accumulation and the risk of a short squeeze may offer some upward pressure, but strong buying pressure is needed for a meaningful recovery, which currently remains unlikely.

Shiba Inu's daily token burn rate surged over 350%, removing 12.47 million SHIB, while weekly burns increased by 32.63%. This reinforces its long-term deflationary narrative, though price action remains muted. Exchange outflows of approximately $175,000 indicate reduced immediate selling pressure as tokens move to private wallets. Concurrently, whale activity has increased, with large investors accumulating SHIB despite the subdued market. Technically, SHIB is holding key support near $0.00000409 within a descending channel. The MACD shows improving conditions, but a confirmed bullish crossover is pending. For a sustained recovery, SHIB needs to break above resistance levels at $0.00000450 and then $0.00000500. The combination of aggressive burning, accumulation by large holders, and improving technicals creates a more constructive setup, though a decisive price breakout is still required to confirm a trend reversal.