Crypto Scan
Crypto Scan
2026-07-11 Crypto Scan — Miners Keep Weakening, ADA's "Noise" Call Vindicated, HOOD Cools From Its Extreme
Every major coin remains death-crossed and 49-83% off its 52-week high — no structural change from the prior scan. The clearest confirmation this cycle: ADA's +35.7% 7-day pop that the last scan flagged as "reads as noise, no catalyst" has fully round-tripped — ADA is now -5.6% over 7 days. The equity proxies tell a split story: MSTR and COIN both gave back their prior-scan bounces, and the miner basket (RIOT especially) keeps deteriorating even as it stays technically golden-crossed, while HOOD cooled from its RSI-70 extreme (now 61.7) but remains the relative strongest chart in the group. As a risk-appetite read, crypto stays notably weaker than the broad-equity tape covered in this cycle's etf-universe scan — a cross-asset divergence worth flagging.
Data as-of 2026-07-10 close for equities/ETFs; most coins reflect 2026-07-11 (24/7 trading). DOGE-USD and DOT-USD are stale at 2026-07-09 — both marked below. Source: summaries/crypto.json. Prior scan: 2026-07-07-crypto-scan (2026-07-06/07 close).
Quick Snapshot
| Signal | Reading |
|---|---|
| Overall | 🔴 Structurally unchanged — every major coin still death-crossed, 49-83% off its 52-week high; equity proxies split between stabilizing (BTC, ETH, HOOD) and deteriorating (RIOT, CLSK, MSTR, COIN) |
| BTC dominance / alt read | Mixed — BTC/ETH held up better than SOL/XRP/ADA/AVAX over 7D, but SOL/ETH still lead BTC on 30D. No clean alt-season confirmation |
| ETF flows proxy | IBIT/GBTC/ETHE/BITO all flat-to-slightly-up on 7D (+2.3% to +3.1%), tracking spot closely, all still `collapse` regime |
| Miner health | Weakening. RIOT is the worst of the basket (RSI 34.3, 30D -19.8%, 3M cooled from +61.2% to +20.7%); MARA/CLSK also cooling, but all three keep goldenCross intact |
| MSTR/COIN bellwethers | Both gave back their prior-scan bounces — MSTR 7D flipped +16.3%→-5.4%, COIN 7D flipped +11.4%→-2.7% |
| Key insight | ADA's flagged "noise" 7-day pop (+35.7%) fully reversed to -5.6% — confirms last scan's no-catalyst read was right |
What's Going On
The coin layer hasn't structurally changed: BTC ($64,300.60, RSI 54.5), ETH ($1,826.24, RSI 60.5), SOL ($78.01, RSI 54.4), XRP ($1.12, RSI 49.5), ADA ($0.17, RSI 49.8), AVAX ($6.77, RSI 49.2), and LINK ($8.09, RSI 55.8) are all still death-crossed, sitting 49-83% below their 52-week highs. ETH did upgrade from collapse to downtrend regime this cycle. The clearest story is ADA: the prior scan flagged its +35.7% 7-day pop as "short-covering noise... no news verification available to confirm a catalyst" — that pop has now fully reversed, with ADA down -5.6% over the current 7-day window. That's a clean vindication of treating an unconfirmed spike skeptically rather than chasing it.
DOGE and DOT are both stuck on stale 2026-07-09 data in this feed — DOGE ($0.07, RSI 37.5) and DOT ($0.84, RSI 35.6) — so their current reads should be treated as two sessions old, not live.
The spot-ETF layer (IBIT, GBTC, ETHE, BITO) is unremarkable and tightly tracks the underlying coins: all four are flat-to-modestly-up on the week (+2.3% to +3.1%) and all remain in collapse regime, 24-64% off their highs. No divergence from spot worth flagging.
The miner basket is the scan's clearest deterioration. MARA (RSI 45.1, 30D -7.4%), RIOT (RSI 34.3, 30D -19.8%), and CLSK (RSI 38.1, 30D -20.5%) all cooled from the prior scan's reads, and all three saw their 3-month gains compress sharply (RIOT's 3M print fell from +61.2% to +20.7%, CLSK's from +49.1% to +19.4%). All three do still carry an intact golden cross — the structural "better than the coins" read from the prior scan technically survives, but the trend inside that structure is clearly weakening, especially in RIOT. MSTR and COIN both gave back their prior bounces: MSTR's 7-day flipped from +16.3% to -5.4% (still -21.2% on 30D, unchanged from last scan), and COIN's flipped from +11.4% to -2.7% (RSI cooled 53.1→47.2). HOOD, last scan's standout at RSI 70.1, has cooled to RSI 61.7 with a small 7-day pullback (-2.7%) but its 30-day print (+21.4%) is still the strongest in the entire universe — the "crypto-adjacent equities hold structure better than coins" read from the last scan still stands, just less extremely.
As a risk-appetite gauge: this cycle's etf-universe scan shows broad equities (QQQM/QQQ/VOO/VTI) healthy and uptrending, not extended. Crypto is not confirming that same risk-on read — every major coin remains death-crossed and the miner basket is actively deteriorating. That divergence between "equities calm and steady" and "crypto still broadly weak" is itself a signal worth tracking, not a contradiction to resolve.
What Changed Since Prior Scan (2026-07-07 → 2026-07-11)
| Change | Read |
|---|---|
| ADA's +35.7% 7D pop fully reversed to -5.6% 7D | Confirms the prior scan's "reads as noise, no catalyst confirmed" call — a clean validation of not chasing unconfirmed spikes |
| RIOT deteriorated further — RSI 38.9→34.3, 30D -11.0%→-19.8%, 3M +61.2%→+20.7% | The weakest link in the miner basket; goldenCross still intact but the cushion is shrinking fast |
| MSTR and COIN both gave back prior bounces — MSTR 7D +16.3%→-5.4%; COIN 7D +11.4%→-2.7%, RSI 53.1→47.2 | Neither bellwether confirmed a real turn; both reads were short-lived bounces |
| HOOD cooled from RSI 70.1 to 61.7, 7D flipped to -2.7% | Still the strongest chart in the set on 30D (+21.4%), but no longer at an extreme |
| ETH upgraded from `collapse` to `downtrend` regime | The one genuine structural improvement in the coin layer this cycle |
| BTC held up better than most alts on 7D (+2.3% vs SOL -5.2%, XRP -3.5%, ADA -5.6%, AVAX -2.9%) | A short-term flight-to-BTC-within-crypto tilt, not a confirmed alt-season reversal either direction |
| DOGE/DOT feeds went stale (07-09) | Treat both as two sessions old; not comparable to the rest of the board on a like-for-like basis |
How To Read The Board
regime tags (collapse/downtrend/pullback) describe structure, not a trade call — every coin and ETF proxy in collapse or downtrend is simply confirming the multi-month drawdown that's already priced in, not flagging a fresh event. The miner/BITQ/HOOD equities carrying an intact golden cross while the regime label reads pullback (not collapse) is the tell that they're structurally healthier than the coins even when short-term momentum is soft — track that GC/DC flag over the raw price move. Framed as a risk-appetite gauge: this universe is a read on speculative risk tolerance broadly, not a set of names to trade on RSI alone — cross-reference against the broad-equity tape (etf-universe scan) before drawing a market-wide conclusion from crypto weakness or strength alone.
Price Table
Coins
| Ticker | Price | RSI | 7D | 30D | 3M | vs 52wk High | Regime | Note |
|---|---|---|---|---|---|---|---|---|
| BTC-USD | $64,300.60 | 54.5 | +2.29% | +1.16% | -12.0% | -49.1% | collapse | Held up best of the majors on 7D |
| ETH-USD | $1,826.24 | 60.5 | +2.21% | +9.21% | -20.1% | -63.1% | downtrend | Regime upgraded from collapse |
| SOL-USD | $78.01 | 54.4 | -5.16% | +16.75% | -8.2% | -69.2% | downtrend | Best 30D of the majors, but 7D reversed negative |
| XRP-USD | $1.12 | 49.5 | -3.51% | -1.75% | -17.7% | -69.4% | collapse | Unremarkable, still weak |
| ADA-USD | $0.17 | 49.8 | -5.56% | 0.0% | -32.0% | -83.0% | collapse | Last scan's +35.7% 7D pop fully reversed — confirmed noise |
| DOGE-USD | $0.07 | 37.5 | 0.0% | -12.5% | -22.2% | -76.2% | collapse | Data 07-09 — stale |
| AVAX-USD | $6.77 | 49.2 | -2.89% | +1.96% | -27.8% | -81.2% | collapse | Unremarkable |
| DOT-USD | $0.84 | 35.6 | +3.66% | -12.5% | -35.4% | -82.9% | collapse | Data 07-09 — stale, most oversold major |
| LINK-USD | $8.09 | 55.8 | +0.25% | +2.66% | -10.8% | -70.8% | downtrend | Flat, unremarkable |
Spot ETFs
| Ticker | Price | RSI | 7D | 30D | vs 52wk High | Regime | Note |
|---|---|---|---|---|---|---|---|
| IBIT | $36.23 | 49.1 | +3.07% | +0.50% | -49.6% | collapse | Tracks BTC spot closely |
| GBTC | $49.56 | 49.0 | +3.01% | +0.49% | -50.0% | collapse | Tracks BTC spot closely |
| ETHE | $14.47 | 52.0 | +2.26% | +6.40% | -64.0% | collapse | Tracks ETH spot |
| BITO | $8.67 | 48.8 | +2.97% | +0.46% | -63.1% | collapse | Futures-based BTC proxy |
Crypto Equities
| Ticker | Price | RSI | 7D | 30D | 3M | vs 52wk High | Trend | GC/DC | Regime | Note |
|---|---|---|---|---|---|---|---|---|---|---|
| MSTR | $94.64 | 38.4 | -5.39% | -21.23% | -28.5% | -79.3% | strong-down | DC | collapse | Prior +16.3% 7D bounce fully reversed |
| COIN | $159.07 | 47.2 | -2.72% | -0.85% | -8.9% | -64.2% | strong-down | DC | downtrend | Prior +11.4% 7D bounce also faded |
| MARA | $12.60 | 45.1 | -4.47% | -7.42% | +21.6% | -46.3% | weak-down | GC | pullback | GoldenCross intact, 3M cooled from +44.5% |
| RIOT | $20.97 | 34.3 | -12.70% | -19.78% | +20.7% | -30.9% | weak-down | GC | pullback | Weakest of the miner basket, deteriorating fast |
| CLSK | $12.85 | 38.1 | -6.00% | -20.53% | +19.4% | -45.6% | down | GC | downtrend | Also weakening, GC still intact |
| BITQ | $23.93 | 41.4 | -4.16% | -8.98% | +7.6% | -23.9% | weak-down | GC | pullback | Crypto-industry ETF, mild slide |
*(Bonus / crypto-adjacent, not part of the core equities tier: HOOD $111.97, RSI 61.7, 7D -2.74%, 30D +21.4%, 3M +56.2%, vs 52wk high -27.2%, GC=False/DC=True, regime pullback. Cooled from RSI 70.1 last scan but still the strongest chart in this entire universe on 30D/3M.)*
Tier Analysis
BTC Dominance & Momentum (alt season?) — No. BTC and ETH both held up better than SOL/XRP/ADA/AVAX over the past week, the opposite of an alt-season signal. On the 30-day window SOL (+16.75%) and ETH (+9.21%) still outpace BTC (+1.16%), so the picture is genuinely mixed rather than a clean rotation either direction. ADA's reversal of its flagged "noise" pop reinforces treating short-window alt spikes skeptically.
ETF Flows — IBIT/GBTC/ETHE/BITO all posted small, uniform 7-day gains (+2.3% to +3.1%) that track their underlying coins almost exactly. No independent flow signal (in or out) beyond spot-price tracking is visible in this data.
Miner Health — Deteriorating. RIOT is the clearest concern (RSI 34.3, 30D -19.8%, 3M compression from +61.2% to +20.7%), with MARA and CLSK cooling similarly. All three retain golden crosses, so the structural "better than coins" argument still technically holds, but the trend inside that structure is clearly rolling over.
MSTR/COIN As Bellwethers — Both gave back last scan's bounce entirely. MSTR remains the more damaged of the two (RSI 38.4, -21.2% 30D, collapse regime, deathCrossed); COIN is less damaged (RSI 47.2, downtrend) but showing the same reversal pattern.
Key Levels — BTC's -49.1% from its 52-week high and ADA's -83.0% remain the widest and narrowest reference points in the coin layer, respectively; no name in the coin tier is meaningfully closer to reclaiming its high than at the last scan.
Risk Gauge — Crypto stays structurally weaker than the broad-equity tape covered elsewhere this cycle (etf-universe scan: QQQM/QQQ/VOO/VTI all healthy uptrends). Read that gap as evidence that risk appetite is selective — broad equities calm, speculative crypto still working through a multi-month drawdown — not as a contradiction requiring resolution.
Entry Zones
| Ticker | Price | Zone | RSI | Setup |
|---|---|---|---|---|
| ETH-USD | $1,826.24 | Watch for a golden-cross flip | 60.5 | Only coin to structurally upgrade this cycle (collapse→downtrend); a GC flip would be the next real confirmation |
| HOOD | $111.97 | Wait for a further cooldown | 61.7 | Strongest chart in the group on 30D/3M but has already cooled from RSI 70.1 — not a fresh entry at current levels |
| RIOT | $20.97 | Avoid / verify stabilization first | 34.3 | Deepest oversold in the equities tier but actively deteriorating (30D -19.8%), not basing |
| ADA-USD | $0.17 | No actionable zone | 49.8 | Just demonstrated how fast an unconfirmed 7D pop can fully reverse — treat any similar spike with the same skepticism |
Action Matrix
| Action | Stocks | Why |
|---|---|---|
| 🔍 WATCH | ETH-USD, HOOD, IBIT, GBTC, ETHE, BITO | Either the one structural upgrade (ETH) or names cooling from extremes without breaking down |
| ⚠️ CAUTION / DETERIORATING | RIOT, CLSK, MARA, MSTR | Miner basket weakening across the board; MSTR's bounce fully reversed |
| ❌ AVOID | DOGE-USD, DOT-USD | Stale data (07-09) plus among the weakest RSI prints in the set — don't act on either until the feed refreshes |
| 🔍 NO CLEAR SIGNAL | BTC-USD, SOL-USD, XRP-USD, ADA-USD, AVAX-USD, LINK-USD, COIN, BITQ | Structurally unchanged from the prior scan; nothing actionable this cycle |
What To Watch Next
| Watch | Why it matters |
|---|---|
| RIOT's next print | The clearest deteriorating name in the universe; a golden-cross loss would confirm the miner basket has actually turned, not just cooled |
| ETH's golden-cross status | The one coin to structurally upgrade this cycle (collapse→downtrend) — a GC flip would be the next real confirmation of a turn |
| DOGE/DOT feed refresh | Both stale at 07-09 — re-check once the feed catches up before drawing any conclusion on either |
| HOOD vs. the coin layer | Still the strongest chart in the set by a wide margin (30D +21.4% vs BTC +1.16%) — watch whether that gap holds or the equity proxy eventually reverts to the coins' weakness |
| Crypto-vs-equity risk divergence | Broad equities (etf-universe scan) are calm and uptrending while crypto stays broadly weak — worth tracking whether that gap closes via crypto catching a bid or via equities cooling |
Related
10 eventsNo direct external sources are attached to this read.