$JUV, $ATM and $OG Stands Strong as Bitcoin Hits Three-Week Low
Bitcoin’s recent drop to a three-week low has shaken the broader crypto market, but not everyone is feeling the heat. BTC has been trading around $114k for three consecutive weeks, a 7.32% decline from its all time high of $123k. Despite BTC briefly slipping below its 50-day exponential moving average (EMA) over the weekend, certain sports-focused fan tokens have held their ground and even posted short-term gains.
Although BTC is battling with profit-taking long-term whales while pushing for a possible breakout, Juventus ($JUV), Atletico Madrid ($ATM), and OG ($OG) tokens are showing strong resilience. These tokens, backed by a robust community and real-world engagement have recorded strong market performance despite recent volatility.
Bitcoin Dips After Whale Activity, but Data Signals Breakout Ahead
CryptoQuant’s latest onchain data points to a pattern behind Bitcoin’s slump: massive selloffs from long-term holders. The July selloff, around 80,000 BTC, came after the price broke above $120,000, marking the third major wave of profit-taking in this cycle. Previous profit-taking waves also followed milestone events, such as the March 2024 ETF launch and the late 2024 Trump-driven breakout past $100K.
Adding fuel to July’s rally was a historic wave of ETF inflows. Bloomberg data shows that Bitcoin ETFs drew $6 billion in net inflows last month—making it the third-best month on record—while newly approved U.S. Ether ETFs saw $5.4 billion in inflows, their highest ever.
The surge in demand coincided with a major policy shift. Just days before Bitcoin hit a new all-time high of $123,200 on July 14, former President Donald Trump signed the first U.S. regulatory guidelines for cryptocurrency into law.
That regulatory clarity helped push total crypto market capitalization past $4 trillion for the first time in history. But the rally was short-lived. After the milestone, the broader market corrected, with Ether pulling back by as much as 5%, dropping to around $3,500.
Fan Tokens Defy the Market With Short-Term Gains
Juventus Fan Token ($JUV) is up 1.40% over the past 24 hours, now trading at $1.02. Atletico Madrid Fan Token ($ATM) posted a stronger 6.98% daily gain, pushing it to $1.60, while OG Fan Token ($OG) saw a 1.89% rise in the past day and an impressive 7.80% surge over the past week, reaching $5.82.
These tokens, powered by fan engagement and Socios.com-backed incentives, continue to show that real-world loyalty can translate into price stability, even in choppy markets. While many assets are being dragged down by macro sentiment and whale exits, fan tokens tied to sports and esports teams offer a less correlated narrative.
With Bitcoin’s next move still uncertain, these tokens are proving that sometimes, niche communities can outperform broader trends, especially when passion meets participation.