A Morpho seed investor transferred 750,000 MORPHO tokens worth about $1.5 million to Coinbase and Binance, signaling early investor sell pressure. Despite this, the price held above $1.80 support but repeatedly failed to break the $2.10 resistance, leading to consolidation. Open Interest dropped by 6.53%, indicating reduced trader participation and lower volatility, while negative funding rates showed persistent short-selling sentiment. The market faces overhead supply from early holders reducing exposure, and stronger demand is needed to push price beyond resistance.
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
On July 13, DeXe (DEXE), a decentralized asset management platform, surged 27.29% to $48.54, making it the top gainer among altcoins. This rise highlights growing investor interest in innovative trading and investment platforms. Meanwhile, other altc...
