Why the Crypto Market Is Going Up Today: Key Reason Behind Rally

The crypto market is showing a cluster of technical signals this week across four major coins.

Bitcoin, Ethereum, XRP, and Solana are each flashing different setups on the charts right now.

None of these signals promise a rally on their own. But taken together, the technical picture, wallet data, and ETF flows are starting to point in a similar direction.

Are Bitcoin whales buying again?

A Bitcoin accumulation heatmap shows a shift in wallet behavior over the past 30 days. After heavy selling during the recent drop, wallets across nearly every size bracket have flipped to buying.

Retail wallets under 1 BTC and mid-sized wallets holding 10 to 100 BTC are leading the buying. Large holders with 1,000 to 100,000 BTC have also stopped selling, though they are scaling in slower and more cautiously.

When small holders and big holders buy at the same time, it has historically lined up with price floors forming in the crypto market. That is not a confirmed floor yet, but it is a pattern worth tracking.

What is the Ethereum TD Sequential buy signal?

Ethereum just printed a monthly buy signal on the TD Sequential indicator. This tool has flagged every major ETH trend change since 2021.

In September 2021, a sell signal came in right before a 78% drop. In September 2022, a buy signal appeared, and ETH rallied 235% afterward. In March 2025, another buy signal led to an 182% move higher.

This is the first new monthly buy signal since that March 2025 print.

Ethereum's chart is also forming what one analyst calls a "Double Dip" pattern on the 3-day timeframe. The same shape appeared in 2025 right before ETH pushed sharply higher. It looks to be forming again now, though the second leg has not confirmed yet.

Ethereum ETFs added $29.08 million in inflows, based on the shared data, suggesting institutional demand has not dried up.

Is XRP giving a buy signal today?

XRP's SuperTrend indicator flipped to a buy signal for the first time since mid-June. The last time this fired, XRP rallied 14%.

The same indicator caught XRP's last two major declines too, a 19% drop and a 16% drop, according to the shared 4-hour chart. XRP was trading near $1.084 when the fresh signal hit.

XRP ETFs saw $6.55 million in inflows, smaller than Ethereum's number but still active.

Is Solana about to repeat its 2022 bottom?

One trader compared SOL near $80 today to SOL near $40 back in 2022, pointing to similar monthly chart structure and an RSI (14) reading of 42.41.

The view shared is that Solana's final flush lower from that 2022-style setup may not have played out yet, even as the coin shows early signs of basing near current levels. SOL was last quoted around $82.29 on the 1-month chart shared.

Solana ETFs added $2.20 million in inflows, the smallest of the four assets covered here, which fits with the more cautious tone around SOL compared to BTC, ETH, and XRP.

How much money got liquidated in the crypto market today?

CoinGlass data shows 96,590 traders were liquidated in the past 24 hours, with total liquidations reaching $441.73 million.

Shorts made up the bigger share at $281.69 million, compared to $160.12 million in long liquidations. The single largest order was an $18.20 million ETH-USD liquidation on Hyperliquid.

The liquidation heatmap also shows ETH leading recent hourly activity at $1.07 million, followed by ZEC at $428.01K, DOGE at $222.74K, BTC at $209.47K, and SOL at $142.10K.

Bottom line for the crypto market this week

Technical signals on ETH and XRP, ETF inflows spread across BTC, ETH, XRP, and SOL, and renewed Bitcoin wallet accumulation all point toward a market trying to find its footing.

At the same time, heavy liquidation volume and Solana's unresolved chart pattern show the recovery is not settled across the board.

Traders will likely watch the next few daily and weekly closes on all four coins before drawing firmer conclusions.

Disclaimer

This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile and carry significant risk of loss. Technical indicators, chart patterns, and historical data referenced here do not guarantee future price performance. Readers should conduct their own research and consult a licensed financial advisor before making any investment decisions.