This week in crypto brought strong price action — but also serious questions. Bitcoin surged to a new all-time weekly close above 93.000 € (109,000 $), triggering extreme greed across the market. Ethereum whales quietly loaded up millions in ETH, and Polygon’s POL token rallied ahead of a key network upgrade.
Let’s explore what’s happening in CryptoUnity’s weekly crypto news.
Bitcoin Breaks Records Again – But Is It a “False Move”?
After last week’s dip to $98K, Bitcoin made a strong comeback, closing this week at a record high of 93.100 € (109,240 $). That’s the highest weekly candle close in history, and bulls are now eyeing even higher levels.
At one point, BTC surged to 94.000 € (110.091 $), but traders quickly questioned whether this was the start of a true breakout or just a “false move” to tap liquidity around 90.000 € (105.000 $) before the real push begins. Some dormant wallets also reactivated, briefly weakening the price — but buyers stepped in fast.
Meanwhile, the crypto market as a whole followed BTC’s lead upward, with the Fear & Greed Index hitting 78/100, back in “extreme greed” territory. It’s a sign that confidence is back — maybe too much.
Ethereum also moved higher and several altcoins posted solid gains, but the spotlight remained on Bitcoin, especially as it continued to hold above 93.000 € (108.000 $) – now turned into a support level.
With traders still debating whether this is the beginning of another leg up or a short-term fake-out, all eyes are now on the week ahead.
What’s Next: Will Bitcoin Break Out or Cool Off?
After another historic weekly close, Bitcoin sits at a critical point — and the next move may depend just as much on macroeconomic forces as on technical charts.
On the bullish side, Bitcoin has now closed every single day above 85.500 € (100.000 $) since May, with strong support around 93.000 € (108.000 $). Analysts are eyeing a breakout toward 102.500 € (120.000 $), especially if BTC can push through the key resistance zone between 95.000 € and 96.500 € (111.000 $ and 113.000 $). Momentum indicators like the EMA and RSI remain favorable.
But the real driver may lie outside crypto.
Traders are watching Trump’s proposed “Big Beautiful Bill”, a massive US spending package expected to increase government debt. Historically, similar bills have preceded double-digit BTC rallies. Why? Because Bitcoin tends to follow the money — and that money is expanding.
The M2 global money supply just hit a new all-time high of $55.4 trillion. Every time global liquidity expands, BTC has followed with a slight delay. This time could be no different.
Still, there are signs of overheating. Investor sentiment on social platforms just reached a 3-week high, a level that has historically marked local tops. Meanwhile, whales have offloaded more than 14,000 BTC in the last week, even as retail investors pile in.
If support at 93.000 € (108.000 $) breaks, liquidity models suggest a short-term dip to 90.000 € (105.000 $). But for now, Bitcoin continues to balance between strong macro tailwinds and rising market euphoria.
Mega Whales Load Up on ETH: Are Institutions Betting on the Next Big Move?
Ethereum (ETH) is quietly gaining attention again — but not from the usual crowd. While the price has been hovering around 2.200 € (2,600 $), some of the biggest players in crypto have started moving.
Mega whales, wallets holding over 10,000 ETH, have increased their positions by over 9.3%, reaching levels not seen since before the 2022 rally. This silent accumulation, flying under the radar of most retail investors, often signals a big move ahead.
At the same time, Ethereum is consolidating inside a textbook bull pennant — a technical pattern that historically ends in strong upward breakouts. If this pattern plays out, ETH could reach 2.900 € (3,400 $) by August, with some optimistic targets going as high as 4.300 € (5,000 $) by the end of the year.
But this isn’t just about charts. The macroeconomic winds are shifting. U.S. debt is climbing, inflationary pressures remain, and more liquidity is entering the system. This liquidity often finds its way into risk assets — especially crypto. And just like with Bitcoin, we’re seeing Ethereum follow the money.
Meanwhile, major companies like SharpLink Gaming are joining the ETH accumulation trend. SharpLink now holds over 205,000 ETH (worth $533M), all of which has been committed to staking. They even created a new metric called “ETH-per-share” to track how much Ethereum backs their stock.
💡 What does it mean? Big players are locking in ETH at current prices, not because of today — but because of what’s coming next. History shows they often move before the crowd. The question is: will this time be the same?
Polygon (POL) is rising before big upgrade – what you need to know
Polygon’s token, called POL, is going up in price as the network prepares for a major update on July 10. This update, called Heimdall v2, is one of the most important technical upgrades Polygon has had since it launched in 2020. It’s expected to make the network faster, safer, and more reliable.
In the past week, Polygon (POL) went up by 11%, and trading activity increased sharply. More people are buying and trading the token, which shows growing excitement around this upgrade. The update should help Polygon handle over 1,000 transactions per second this month, and possibly even 5,000 per second by October. That’s good news for users and developers.
From a technical side, the POL price is showing strong signals. It moved above important price levels and is now in a zone where prices often go up further. Experts say that if POL stays above $0.196, it could climb to around 0.19–0.21 € (0,22 $–0,24 $). But if it drops below that level, the price might fall back to around 0.14 € (0,168 $).
To sum up: Polygon is getting faster and more advanced with the July 10 upgrade. This is attracting attention and pushing the POL price up. But while the signs are positive, how the upgrade actually goes—and what happens in the larger crypto market—will decide if this rally continues.
Crypto markets are heating up — but so are the risks. Bitcoin is flying high, Ethereum is quietly building momentum, and Polygon’s upgrade could shape its future. But remember: when greed rises and prices run fast, it’s more important than ever to stay informed, not impulsive.
As always, don’t just watch the headlines. Understand what’s driving them.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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