Bitcoin Steady at $118K as Crypto Volumes Retreat — July 30, 2025 Morning Update

On Wednesday morning, July 30, 2025, the cryptocurrency market displays a notable cooling in both trading activity and price swings, following several sessions of heightened volatility.

Bitcoin (BTC) holds firm at $118,000, with a slight 0.43% decline. 24-hour trading volume has contracted sharply by 27% to $672M, indicating reduced institutional and retail engagement as the market shifts to a consolidation phase. The funding rate remains neutral at 0%, suggesting futures traders have struck a short-term balance.

Ethereum (ETH) is flat at $3,800 (up 0.94%), as volume falls over 32% to $495M. Funding rate is stable at 0.03%, reflecting a continued lack of excessive leverage despite the gentle uptick in price.

XRP edges up 0.31% to $3.15, while 24-hour volume dips 35% to $232M. The funding rate for XRP remains elevated at 1.27%, suggesting there is still aggressive long positioning, even as price gains slow.

Solana (SOL) sees a 1.15% pullback to $181.97, also impacted by a volume decrease of more than 36%. The funding rate of 0.55% points to moderate leveraged exposure but not to extreme speculation.

Across the board, today's session signals a period of market digestion after recent profit-taking and rotation, with declining volumes and subdued movement implying a "wait-and-see" posture among traders ahead of fresh macro or sector-specific catalysts.

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