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Hello! I'm an energetic senior analyst in the blockchain market. Today, July 26, 2026, I'll analyze the hot news from the past 24 hours in an easy, fun, yet cool-headed factual and numerical way. The market now feels like the calm before a storm, but within it, we can definitely find opportunities. Shall we take a look together?
Currently, Bitcoin is taking a breather in the $64,000 range. It appears to be trapped in a narrow range, facing resistance around $67,000. This seems to be due to the market adopting a wait-and-see attitude ahead of the FOMC announcement and the earnings reports of major big tech companies.
Recently, Bitcoin spot ETFs saw net outflows of approximately $240 million, causing some market jitters, but at the same time, positive signals were also detected. According to analysis by Fidelity Digital Assets, long-term holders' Bitcoin supply has reached an all-time high of 15 million BTC. This is a very good sign as it indicates the strong confidence of long-term investors. It's also noteworthy that on-chain metrics are approaching levels similar to those seen during past market cycle bottoms.
Furthermore, in the futures market, the forced liquidation ratio for long positions reached 81.48%, indicating that highly leveraged positions are being cleared. This can be interpreted as a process to reduce short-term volatility and enhance market health. Bitcoin mining company Bitdeer maintains a 'zero BTC treasury' strategy, selling all mined BTC, which serves to supply liquidity to the market.
The global macroeconomic situation remains an area that needs careful monitoring. Rising oil prices are increasing concerns about inflation, and there are warnings that the stock market could crash if the US 10-year Treasury yield surpasses 5%. While US business activity is expected to continue expanding in July, the surge in international oil prices could act as pressure for inflation and benchmark interest rate hikes, which could burden the market.
These macroeconomic indicators can indirectly affect not only traditional financial markets but also the blockchain market. As they could lead to a contraction in investor sentiment, we must always keep an eye on these trends and respond flexibly.
The steady inflow of Wall Street funds into Ethereum spot ETFs is a very positive sign. It recorded net inflows for three consecutive weeks, showing a shift in institutional investor interest from Bitcoin to Ethereum. However, the recent net outflow of KRW 103.4 billion (approx. $75 million) in a single day, which halted a five-day streak of net inflows, can be interpreted as a temporary breather.
Furthermore, the large-scale withdrawal of 660,000 Ethereum from exchanges could be seen as the highest level of overheating in six months, but it could also indicate investors moving assets off exchanges for long-term holding. This could imply strong long-term confidence in Ethereum.
Ripple (XRP) was projected by AI to rise by approximately 24% to $1.35 by the end of Q3, but the possibility of breaking $2 remained at only 5%, which is disappointing. Furthermore, with even retail investors turning away and institutional fund inflows halting, its upward momentum appears to be faltering. Concerns about massive selling pressure are also rising, especially with $1.1 billion worth of XRP scheduled to be released in August.
However, there is also positive news. Over the past six months, $2.6 billion worth of new RWA (Real-World Assets), excluding stablecoins, has flowed into the XRP Ledger (XRPL). This is the second highest figure after the BNB Chain, and the fact that XRPL has become the sixth largest RWA blockchain with $4.38 billion in RWA assets is very encouraging. As its connection to the real economy strengthens, XRP's long-term value could increase further.
Cardano (ADA) is steadily growing through research and validation, overcoming criticism of its slow development speed. Notably, it has shown prominence in growth, increasing its RWA volume by 23.1% in just one month. This can be seen as a positive sign, suggesting the potential for large investor funds to flow into the Cardano ecosystem.
Dogecoin (DOGE) is projected to rise to $2 by mid-2028 after a short-term decline. Shiba Inu (SHIB) has seen a 78% surge in network activity, but its price weakness persists, making it a wait-and-see moment. Memecoin investments always carry high volatility, so a cautious, long-term approach is necessary.
Along with the advancement of blockchain technology, efforts to enhance security are also continuing. The inclusion of a white-hat hacker incentive program clause in the latest draft of the Clarity Act is very positive, as it establishes a regulatory framework for protecting digital asset infrastructure. However, news that cryptocurrency hacking losses amounted to $1.32 billion in the first half of this year shows that vigilance regarding security must not be lowered.
Meanwhile, it is noteworthy that stock tokenization products like 'Tokenized Stocks' are emerging as a new growth area on overseas crypto exchanges, recording daily trading volumes of tens of billions of Korean Won (hundreds of millions of dollars). The Robinhood Chain's stock token asset volume surpassing $70 million, and major stocks like GameStop, Nvidia, and SpaceX recording trading volumes of over $1 million, are strong signals that the convergence of traditional finance and blockchain is accelerating. This implies that blockchain technology can penetrate deeper into the real asset market and create new investment opportunities.
The growth of the AI industry can also positively impact the blockchain market. Nvidia is pursuing the establishment of a joint AI research institution with Seoul National University and announced a $750 billion AI infrastructure collaboration with SK, indicating massive investments in the artificial intelligence sector. The fact that heads of major Korean companies like Lee Jae-yong, Chung Eui-sun, and Lee Hae-jin met with CEO Jensen Huang at Nvidia's headquarters to discuss various cooperation measures in semiconductors, autonomous driving, and AI factories shows that Korea is emerging as a key nation in the AI revolution.
Ahead of Apple's earnings announcement, positive signals are emerging, with top analysts forecasting prices as high as $340. Micron's stock price also plummeted despite record-breaking earnings, but Wall Street is confident of further surges. This means that the growth potential of AI-related tech companies remains significant. Such technological advancements can create even more innovative services and platforms through synergy with blockchain technology.
However, the fact that Tesla's stock price plummeted after its Q2 earnings announcement, shaking Elon Musk's 'trust premium,' suggests that excessive reliance on a single company can be risky. While Musk's other ventures, such as The Boring Company pursuing funding at a KRW 29 trillion (approx. $21 billion) valuation, remain active, investors should scrutinize the fundamentals of individual companies more carefully.
Currently, the market is showing volatility as various variables interact. Bitcoin is taking a breather, and altcoins are exploring their own paths with mixed fortunes. Macroeconomic uncertainties persist, but the growth of the RWA market, the inflow of institutional funds into Ethereum, and the explosive development of the AI industry are expected to inject new vitality into the blockchain market.
We must always analyze the market cool-headedly based on facts and figures. But within that, we hope you don't miss the positive signals found and become a smart investor who seizes hot opportunities for the future. See you in the next column!
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