Pullback or Reversal?
23.07.2025 Altcoins pull back while institutions double down - is this just the reset we needed?
Crypto Report
July 23, 2025
DAILY MARKET OVERVIEW
📉 The Long-Awaited Correction
👋 Hey, Crypto Enthusiasts! After a strong multi-week rally, the market is finally taking a breather. Today marks a healthy correction - a much-needed cooldown after nonstop gains.
🟠 Bitcoin Holds Strong, Altcoins Take the Hit
Bitcoin remains rock solid around the $118,000 level, showing remarkable resilience.
But altcoins? Not so lucky.
We're seeing a typical bull market pullback, with most altcoins down 5-10%. Nothing out of the ordinary - just part of the game when things move this fast.
🏢 Institutions Still Buying the Dip
Even with this dip, the big players aren’t slowing down.
Bitcoin miner MARA just announced an $850 million convertible note offering - and yes, the plan is to use it to buy more BTC.
While BTC ETFs saw slight outflows, Ethereum stole the show:
💥 $533 million in inflows yesterday alone.
🍾 ETH’s biggest single-day haul ever.
📰 SEC Drama: Crypto Index ETF Approved... Then Paused
In a major twist, the SEC approved Bitwise’s $1.68B Crypto Index Fund, which includes BTC, ETH, SOL, XRP, ADA, and more.
The first multi-asset spot crypto ETF in the U.S.
⚠️ But just hours later, the rug was pulled.
Assistant Secretary Sherry Haywood halted the approval, stating the full Commission will review the decision. Sounds familiar? This is exactly what happened with Grayscale’s fund not long ago.
What’s going on ❓️
Insiders say the SEC is stalling to build new standards - especially for ETFs involving tokens like XRP or ADA, which haven’t been individually approved. A new framework is reportedly in the works, potentially replacing the outdated 240-day process.
🔎 The takeaway?
Delays are frustrating, but the message is clear: crypto is being taken seriously at the highest regulatory levels. Change is coming - and that’s bullish long-term. 🐂
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SOCIAL SENTIMENT
A Cooling Market?
Today’s dip has shaken the space, especially among altcoins.
Altcoin market cap is down about 6% from recent highs.
Smaller-cap coins are seeing ~10% drawdowns, typical for a high-volatility uptrend.
🧠 What matters now?
Key support levels.
🔹 Dogecoin (DOGE): Holding major support between $0.23-$0.24. If this level holds, the path toward $0.30-$0.31 is in play. Long-term consolidation might finally pay off.
🔹 Ethereum (ETH): ETH just printed a higher low - bullish structure. If it stays above $3,600, a push toward $4,000 is likely in the coming days.
🔹 Solana (SOL): SOL broke out above resistance and is now retesting. Holding above $185 could open the door to $220+.
Overall, most altcoins are retesting previous resistance as support - a classic move in bull cycles. If these levels hold, we could see a fresh wave of upside across the board.
🚨 What to watch:
Altcoin interest is still trailing Bitcoin. No major fireworks expected immediately, but if support holds...
ETH to $4,000
DOGE to $0.31
...before the next big correction becomes a risk.
NEWS OVERVIEW
The Latest Crypto Headlines 📰
Dormant Bitcoin Whale Moves $1.26 Billion in BTC
Three wallets linked to a long-dormant BTC whale moved over 10,600 BTC, reigniting speculation about large-scale sell-offs.
Trump-Linked Project Buys $13M in Ethereum
World Liberty Financial acquired 3,400 ETH and staked it on Aave, boosting its total holdings to over $275 million.
21Shares Files for ONDO Token ETF
21Shares seeks SEC approval for an ONDO ETF, marking growing institutional interest in tokenized real-world asset platforms.
LetsBonk Grabs 64% of Solana Meme Launchpad Market
BONK-powered LetsBonk now dominates Solana’s meme token scene, overtaking Pump with explosive growth in launches and volume.
YOUTUBE INFLUENCER SUMMARY
Summary From The Top Influencers 📷️
Lark Davis – CRYPTO HUGE NEWS TODAY! [Don't Get Shaken By The Dip] (23.07.2025 Summary)
Despite a recent pullback in the crypto market, Lark remains firmly bullish.
Major Global Trade Deals
A historic $550 billion investment deal between Japan and the US has been announced, expected to bring massive economic benefits. Deals with the EU, China, and the Philippines are also in progress, adding to global optimism.
Institutional Moves into Crypto
Real estate firm Grupo Murano plans to buy $10 billion in Bitcoin over five years.
Trump Media now holds over 18,000 BTC, making it a top corporate holder.
Adam Back’s Bitcoin Standard and Marathon Holdings are growing their BTC treasuries, with Marathon seeking $850 million to buy more.
Coinbase is partnering with major banks like PNC, enabling millions to access crypto directly.
Goldman Sachs and JP Morgan are pushing tokenized finance, including crypto-backed loans and blockchain-based money market funds.
Ethereum Demand Surges
Wall Street is turning its focus to ETH.
$500 million in ETH inflows in one day
Treasury and ETF buyers have accumulated 2.83 million ETH
Ethereum’s supply is tightening, with usage expanding and the network raising gas block limits by 25%
Despite recent dips across Bitcoin, Ethereum, and popular memecoins like Dogecoin and Pepe, Lark views this as a normal correction within a strong bull trend. He stresses that these pullbacks are expected and healthy, not a reason to panic. Momentum remains intact, key support levels are being watched, and the long-term outlook is still highly bullish.
Altcoin Daily – ‘STRAP IN’ Litecoin Founder says "Crypto Is About To Get F**KING CRAZY" (23.07.2025 Summary)
Litecoin creator Charlie Lee says the current bull market is only beginning, with wild price action likely by year-end.
While every cycle has its own narrative, he sees this one as different thanks to growing crypto adoption from Wall Street, sovereign wealth funds, and treasury companies.
Bitcoin Outlook
Charlie’s base case for Bitcoin is $150K, but a blow-off top to $300K is on the table. He believes the biggest bullish catalysts - ETF approvals, U.S. policy shifts, and institutional buying - have already happened. Now the market just needs to catch up.
Litecoin’s Big Moment
Litecoin might not grab headlines like meme coins, but Charlie sees it as undervalued. A new $100 million Litecoin treasury company (MEIP) just launched, and a Litecoin ETF could be approved later this year. He hopes to see LTC return to its $420 all-time high this cycle.
Final Thought
Litecoin may be “boring,” Charlie admits, but it works - fast, cheap, stable, and widely used for payments. In his view, that’s exactly what real money should be.
The information provided in this newsletter is for general informational and educational purposes only. It should not be considered financial advice or a recommendation to buy or sell. Please consult a qualified financial advisor for personalized advice that considers your individual financial situation and goals.