Major Cryptocurrencies Slide Despite Surging Volumes – July 29, 2025, 10:00 AM IST

Early Tuesday trading on July 29, 2025, finds the crypto market under pressure as top coins pull back amidst large volume spikes, hinting at hefty activity and possible rotation.

Bitcoin (BTC) remains at $119,000, sliding 0.5% over 24 hours, while trading volume soars nearly 68% to $949M. Its funding rate ticks higher to 0.18%, suggesting mixed sentiment as both bulls and bears test the range.

Ethereum (ETH) dips 2.41% to $3,800 with a substantial 104.5% jump in trading volume, now at $730M. The low funding rate (0.03%) points to spot-led selling and profit-taking after Monday’s breakout, keeping leveraged risk in check.

XRP extends its decline, dropping 3.95% to $3.14 despite a 62% volume surge, with its funding rate at 0.32%. This pattern signals increased trader activity, though with a negative bias as recent longs unwind or exit.

Solana (SOL) leads the downside, falling 4.59% to $184 amid a 57.5% rise in trading volume to over $207M. Its funding rate rises to 1.09%, highlighting aggressive leverage and potential for heightened volatility, especially as altcoins see sharper rotations than majors.

Across the market, profit-taking and risk rebalancing headline the session, with large flows cycling through major coins and traders bracing for new catalysts.

Leverage LuwakTech’s advanced analytics to decode volume spikes, funding swings, and seize the next strategic market opportunity.