TL;DR

• Around 120,000 BTC were bought during the recovery from $112K to $114K, showing buyer interest.
• Long-term holders locked in $44 million profit during the price bounce, signaling cautious selling.
• US liquidity growth and rate cut expectations may support altcoins if current trends continue.

Buyers Enter Near 112K

Roughly 120,000 BTC were bought as Bitcoin recovered from $112,000 to $116,000, according to Glassnode. The buying came as the market rebounded, with traders taking advantage of the lower price range.

Even with that activity, the $110,000 to $116,000 zone still shows low on-chain volume. The analytics firm labeled this area as an air gap, where fewer coins have previously changed hands. Without more buying, this zone may remain fragile if price remains stuck in it.

~120k $BTC were acquired during the rebound from $112k to $114k – evidence of opportunistic buying. Yet supply within the $110k–$116k range remains sparse, meaning stronger accumulation is needed to form lasting support: https://t.co/1J8WjAFubu pic.twitter.com/vL4OL3hOlg

— glassnode (@glassnode) August 7, 2025

Whales Lock In Profits

Analyst Ali Martinez shared that long-term holders realized around $44 million in profit over two days. This move lined up with Bitcoin’s recovery to just above $114,000 after trading lower earlier in the week.

Notably, the chart shows profit levels had been inconsistent through July. The sudden increase in realized profit suggests that some holders decided to exit while the market showed short-term strength.

At press time, Bitcoin was holding at around $116,100 after a 1.2% move in the last 24 hours. Sellers attempted to push it lower, but buyers kept the price above key support. The currnet area continues to act as resistance.

The recent price action puts Bitcoin in a tight range. Buyers are defending the lower zone around $112,000 while trying to break through $116,000. A clear move outside this range could guide the next trend.

Market Conditions and Liquidity

Analyst ZYN noted that Bitcoin reacts to global money supply while altcoins move more with US liquidity. US money growth is now rising at 1.09% year over year, the fastest rate since the third quarter of 2024.

The Treasury is expected to issue more short-term debt. The Federal Reserve may also lower interest rates two or three times before the end of the year. These factors could support broader participation in crypto, especially in altcoins, if conditions stay on track.

XRP continues to hold well at $3. Here are some interesting predictions based on various technical indicators.

Ripple (XRP) Price Predictions for this Week

Key Support levels: $3, $2.7 

Key Resistance levels: $3.6, $4

1. Price Hovers Around $3

Despite mounting pressure from sellers in early August, XRP managed to pull back up and hold above the key support at $3. As long as buyers keep the price here, they have a good chance to regain control and push this cryptocurrency higher this month.

2. Momentum Turns Flat

In the past two weeks, XRP has hovered just above $3 despite several attempts from bears to push it under this key level. This has turned the momentum flat with buyers and sellers battling for dominance. So far, there is no decisive winner as the price moves sideways.

3. Volume Drops

Without a clear trend present, the volume continues to fall which makes any breakout less likely. This can keep XRP close the the $3 level until buyers or sellers decide to push and break the stalemate. Until the volume picks up again, don’t expect any major moves.

“When Larry Fink says all stocks, bonds, and real estate can be tokenized, believe him,” said crypto asset manager Bitwise on Wednesday.

The comment in reference to the BlackRock boss came alongside a chart showing that real-world asset (RWA) onchain value had surged to an all-time high of just under $25 billion.

More recent data from RWA.xyz reveals that it is currently at $25.46 billion, which is close to record highs.

When stablecoins are included, that figure jumps to $283 billion, which is its highest ever level.

When Larry Fink says all stocks, bonds, and real estate can be tokenized, believe him. pic.twitter.com/OaHwez3uaQ

— Bitwise (@BitwiseInvest) August 6, 2025

Ethereum Dominates RWA

With stablecoins excluded, the largest segment of tokenized RWA is private credit with $15 billion onchain, followed by US treasury debt with $6.7 billion, then commodities at $1.8 billion.

Around 73% of US Treasurys are tokenized on Ethereum, which also dominates for stablecoins, as 54% of them are on the network.

Tokenized stocks are still a tiny segment of the overall RWA market, representing just 1.4% of the total onchain value.

In terms of funds, BlackRock’s Ethereum-based USD Institutional Digital Liquidity Fund (BUIDL) is the largest with $2.3 billion in assets under management.

Ethereum is the dominant blockchain for tokenized assets, with a market share of 54% while the Ethereum layer-2 network ZKsync Era is second with 18.6% so the total on Ethereum is closer to 73%.

Other chains such as Aptos, Solana, and Stellar have single-digit market shares.

TOP PLAYERS IN THE RWA ECOSYSTEM$ETH is leading the charge and dominating tokenized assets by a wide margin.

Close behind: ZKsync Era, Aptos, Solana, Stellar, Polygon, and Arbitrum.

These chains are powering the next trillion-dollar market. #RWA pic.twitter.com/3rL7YjkNj0

— Real World Asset Watchlist (@RWAwatchlist_) August 6, 2025

Even hardcore Bitcoiners such as Fundstrat’s Tom Lee have pivoted to Ethereum recently.

“Wall Street is running to tokenize its entire system on the blockchain, and it requires smart contracts,” he said this week before adding that the “biggest and most secure blockchain with no downtime is Ethereum, and it’s legally compliant.”

Strategic ETH Reserves Top 3 Million ETH

Ethereum’s RWA dominance has spurred a wave of ETH treasury companies that have adopted strategies to stack and stake the asset.

There is now more than three million ETH in the strategic reserves, observed industry expert Anthony Sassano on Thursday. Just three treasury companies that didn’t even exist a few months ago now own over 1.6 million ETH and are aggressively buying more every day, he said before adding:

“ETH is a $100 trillion asset trading at $443 billion.”

Meanwhile, ETF expert Nate Geraci said that ETH treasury companies and spot Ether ETFs have each bought around 1.6% of the current total supply of the asset since the beginning of June.