#BTC #ETH #SOLANA Monthly buy signals have emerged for Bitcoin, Ethereum, XRP, and Solana; BTC is trading at $59,947.

Bitcoin, Ethereum, XRP, and Solana have simultaneously flashed buy signals on their monthly charts.

Bitcoin traded at $59,947, Ethereum at $1,615, XRP at $1.05, and Solana at $77.

US spot Bitcoin ETFs recorded net outflows of $222.60 million on July 1.

While the technical outlook has improved, a sustained recovery requires strengthening in trading volume and ETF inflows.

Bitcoin, Ethereum, XRP, and Solana have returned to the market's focus after simultaneously generating buy signals on the monthly chart. This development has raised expectations that a long-term bottom may have formed in the crypto market; however, it is also emphasized that the indicator alone does not guarantee the start of a definitive uptrend.

A shared signal across technical indicators

This indicator, utilized for higher timeframes, is typically monitored to identify areas where the prevailing trend is weakening and a potential change in direction may be on the horizon.

The monthly chart points to a simultaneous macro reversal setup, issuing buy signals for Bitcoin, Ethereum, XRP, and Solana.

It is rare to see monthly buy signals appear simultaneously across four major cryptocurrencies. Consequently, this improvement in the technical outlook has fostered cautious optimism in the market following the sharp volatility of recent weeks.
Current status of prices and futures

According to the data, Bitcoin traded at $59,947.31, Ethereum at $1,615.92, XRP at $1.05, and Solana at $77.45. A more positive outlook was also noted for large-cap assets.

Bitcoin: $59,947.31 | Open interest: $8.50 billion

Ethereum: $1,615.92 | Open interest: $21.99 billion

XRP: $1.05 | Open interest: $2.31 billion

Solana: $77.45 | Open interest: $5.58 billion

Data showed that open interest in Bitcoin futures stood at $8.50 billion. For Ethereum, open interest reached $21.99 billion. This figure was recorded at $2.31 billion for XRP and $5.58 billion for Solana. These figures indicate that interest in the derivatives market has not completely vanished.

ETF flows maintained a cautious outlook

US spot Bitcoin ETFs recorded a net outflow of $222.60 million on July 1. However, total net inflows since the products' launch stand at $51.59 billion. This picture suggests that while some investors are taking short-term profits, the broader trend remains intact.

Spot Ethereum ETFs saw a net outflow of 16,715.33 ETH on June 30. Although a cautious stance persists among institutional investors, longer-term demand is considered to remain positive.

Monthly buy signals suggest that selling pressure may be weakening, though further confirmation is required for a sustained recovery. The likelihood of a recovery in the broader crypto market could strengthen in the coming weeks if Bitcoin, Ethereum, XRP, and Solana remain above their current price levels, and if ETF inflows strengthen, open interest rises, and buying volumes increase.
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