Bitcoin trader indicates a specific indicator predicting a potential new record high, setting guidance for Ethereum, Ripple, and Dogecoin advancements
In the ever-evolving world of cryptocurrencies, several key players are making waves this week. Let's take a closer look at the latest developments and predictions based on the Short-Term Holder (STH) cost basis model and the Cumulative Value-Days Destroyed (CVDD) metric.
Bitcoin (BTC)
Bitcoin is currently trading for $118,250, showing a marginal increase in the last 24 hours. According to the STH cost basis model and the CVDD metric, Bitcoin is poised for a strong upward move. It briefly touched about $123,231 in July 2025 and is expected to jump toward $130,000 in August if bullish momentum continues, supported by institutional inflows and technical patterns such as bullish flags and an ascending wedge's support [1].
Analysts project Bitcoin's next major top could reach as high as approximately $149,679 based on the CVDD indicator [2]. However, some caution arises from rising exchange reserves signaling potential selling pressure, so consolidation near $118,000 is occurring, and important support around $113,500-$114,500 may be tested [2].
Ethereum (ETH)
Ethereum is currently trading for $3,787, showing a marginal decrease on the day. Ethereum is holding key support levels around $3,541, with a potential rally above $4,000 expected in August [1]. It experienced steady gains through July, crossing market capitalization levels over $400 billion and prices above $3,400 before reaching near $4,000 at July's end [3].
While short-term holders show resilience, predictions also indicate Ethereum may continue its bullish run longer term, possibly reaching higher targets toward $6,000 or $10,000 later in 2025 as suggested by some analysts, though this outlook is more speculative outside the short-term metric context [5].
XRP
XRP is currently trading for $3.10, down 1.2% in the last 24 hours. XRP recently corrected to about $2.92, with crucial support levels tested—failure to hold this support could lead to further declines in August [1]. However, XRP shows strong investor interest and market cap growth relative to major companies [4].
Some forecasts suggest XRP could reach significantly higher valuations ($15 to $30) contingent on Ethereum hitting higher price points (e.g., $6,000 to $10,000), but these projections are more long term and less directly tied to the STH cost basis or CVDD metrics [5].
In summary, the STH cost basis model combined with the CVDD metric indicates that Bitcoin is in a consolidation poised for a potential breakout toward $130K and possibly beyond $140K-$149K in the near term. Ethereum is holding important support and may rally above $4,000 shortly, with longer-term upside hinted by some analysts. XRP faces critical support tests, with downside risk if support breaks, but also shows potential for large gains if broader crypto momentum continues [1][2][3][5].
[1] Source: CoinMarketCap [2] Source: Glassnode [3] Source: Messari [4] Source: CoinGecko [5] Source: Santiment
Cryptocurrency market updates: While Bitcoin shows signs of a strong upward move, trading at $118,250, blockchain-based altcoins like Ethereum and XRP are also experiencing noteworthy fluctuations. Ethereum is currently trading for $3,787 and could potentially rally above $4,000 in August, supported by a bullish run predicted by some analysts, with even higher targets of $6,000 or $10,000 suggested for the long term. On the other hand, XRP is trading at $3.10 and faces critical support tests, with potential for large gains if the broader crypto momentum continues but also downside risk if support breaks.
Financial institutions and investors remain keen on the cryptocurrency market as they track these developments, employing metrics such as the Short-Term Holder (STH) cost basis model, the Cumulative Value-Days Destroyed (CVDD) metric, and others to predict future trends and make informed decisions in this ever-evolving world of finance and cryptocurrency.
