Bitcoin Whales Push Back as Coinbase Premium Flashes Green

After facing persistent overhead resistance earlier in the week, the crypto market is showing real resilience. Bitcoin has climbed back near $64,000, driven by a sudden surge in whale activity and positive institutional flow indicators. This recovery suggests the recent dip was eagerly bought up by major players rather than signaling a deeper breakdown.

Live Prices

Prices are a snapshot as of publish time (July 10, 2026). Check the live chart below for where things stand now.

Bitcoin

Bitcoin is trading at $63,957, up 1.81% over the last 24 hours after opening near the $62,820 mark. This rebound is particularly significant because we are testing Monday’s rejection levels, showing that buyers are willing to support the asset despite persistent talk of a potential ETF supply shock. CryptoQuant data reveals that large-scale whale accumulation on Coinbase is the primary driver behind this move, successfully pushing prices back into a bullish structure.

Ethereum

Ethereum has outpaced Bitcoin on this recovery leg, climbing 2.92% to sit at $1,789. This push off the $1,738 open is a critical technical test as ETH attempts to break its multi-week streak of lower highs. While some analysts like Tom Lee are making incredibly bold long-term valuation predictions, my immediate focus is on whether ETH can secure a daily close above its immediate resistance to confirm a true trend reversal.

Altcoins Worth Watching

Among the major altcoins, Solana showed modest gains of 0.55% to reach $78.05, keeping its stable consolidation pattern intact. Meanwhile, XRP climbed 1.12% to trade at $1.1, and Dogecoin saw a stronger 1.84% bounce to $0.0739, largely following the broader market recovery led by Bitcoin.

What’s Moving Crypto Right Now

• Coinbase Premium Flashes Key Buy Signal: On-chain data indicates institutional spot buying on Coinbase turned positive, driving the recovery back to $64,000.
• Ethereum Challenges Key Technical Resistance: ETH jumped 2.92% to $1,789 as it attempts to break a damaging pattern of lower weekly highs.
• Dogecoin Climbs Off Open: DOGE rose 1.84% to trade at $0.0739, recovering from its daily opening price of $0.0726 in tandem with Bitcoin’s strength.

My Read

I think this rebound has legs, but we need to see Bitcoin cleanly clear and hold the $64,000 level to trap the remaining shorts. The fact that the Coinbase Premium turned positive tells me that institutional spot appetite is back, which is far more reliable than leveraged futures pump-and-dumps. I expect ETH to follow BTC’s lead, and if we consolidate here for a few days, I’m targeting a swift move back toward the next major overhead resistance zone.

Frequently Asked Questions

Why is Bitcoin price up today?

Bitcoin is rising because large institutional buyers and whales have stepped back in, as evidenced by a positive turn in the Coinbase Premium. This spot demand has successfully absorbed recent market anxieties regarding potential ETF selling pressure.

Will Ethereum break its streak of lower highs?

Ethereum is currently testing a crucial technical pivot at $1,789. Breaking this streak requires ETH to sustain its 2.92% daily gain and secure a daily close above recent local resistance levels.

Are Bitcoin whales still buying BTC?

Yes, on-chain data from CryptoQuant indicates that whales actively sent the price toward the $64,000 level by executing large spot purchases, flipping key premium metrics positive.