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Bitcoin Builds Bullish Momentum as Ethereum and Solana Flash Major Signals
Traders are getting more bullish as Bitcoin nears $110K, Ethereum outpaces Bitcoin in derivatives volume for the first time, and Solana eyes $300 with ETF odds surging to near certainty.
Joe G & Money Talks
July 09, 2025 • Estimated Reading Time: 4 minutes
What we will talk about today...
Bitcoin Nears $110K as Trader Sentiment Hits 3-Week High
Weak Dollar Signals Tailwinds for Bitcoin
Solana ETF Odds Surge to 99.7%, $300 Price in Sight
Ethereum Overtakes Bitcoin in Derivatives Volume
Social media is heating up with optimism for Bitcoin’s breakout, but historical patterns suggest caution.
Bullish sentiment spikes: Bitcoin’s social media mentions are now 1.51 to 1 in favor of bulls, the highest in 3 weeks.
Price rallies, then dips: Similar sentiment peaks on June 11 and July 7 led to price drops.
Whales stay cautious: Wallets holding 10–10K BTC sold 14,140 BTC in the past week.
“It’s pretty clear that the crowd is starting to salivate over a potential $110K+ Bitcoin market value.” Brian Quinlivan, Santiment
“As we know, prices move in the opposite direction of the crowd’s expectations.” Quinlivan
Weak Dollar Signals Tailwinds for Bitcoin
Bitcoin may be ready for another leg up as the U.S. dollar hits its weakest point in 21 years.
DXY drops below key levels: The Dollar Index (DXY) trades 6.5 points under its 200-day moving average.
Bitcoin’s inverse correlation: Historically, weak dollar = strong Bitcoin performance.
No BTC price reaction yet: Despite ideal conditions, Bitcoin hasn’t moved significantly… for now.