On-chain data shows ETH builder activity, stablecoin inflows and leverage all rising together as price nears $2,000, CryptoQuant data shows.
▸ July 22, 2026 · Aisha RahmanPI's fifth straight red day coincides with open interest falling to $9.75M and softening funding — a deleveraging signature, not a reversal setup.
▸ July 8, 2026 · James Corrigan3,588 BTC sold by Strategy, BTC/USD tests $61K, funding unmoved. On-chain and derivatives data frame the drawdown as leverage-driven, not spot capitulation.
▸ July 7, 2026 · Tomas KellerDerivatives re-leverage faster than spot conviction as XRP ETF inflows hit week eight and Solana's tokenized-stock volume grows 32%.
▸ July 6, 2026 · James Corrigan
