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Tag: Bitcoin

  • Tether Brings USDT to Bitcoin’s Ecosystem Through RGB

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    Prominent stablecoin issuer, Tether, has announced plans to launch USDT on RGB, a next-generation protocol for issuing digital assets directly on Bitcoin.

    RGB, which recently went live on mainnet with its 0.11.1 release, is designed to extend Bitcoin’s capabilities beyond being a store of value by enabling private, scalable, and user-controlled asset issuance.

    Tether’s Bitcoin Leap

    Through this integration, USDT will become transactable natively on the Bitcoin network, combining the security and decentralization of the world’s largest blockchain with the stability of Tether.

    In its official press release, the company also revealed that users will be able to hold and transfer USDT alongside BTC within the same wallet, benefit from private and sovereign transactions, and even exchange value offline. Following the development, the firm’s chief executive, Paolo Ardoino, commented,

    “Bitcoin deserves a stablecoin that feels truly native, lightweight, private, and scalable. With RGB, USDT gains a powerful new pathway on Bitcoin, reinforcing our belief in Bitcoin as the foundation of a freer financial future.”

    Beyond its Bitcoin-focused initiatives, Tether has continued to focus on global expansion and regulatory engagement.

    US Ambitions Amid Regulatory Clarity

    Tether is preparing to expand into the United States following the passage of the GENIUS Act, which provides a more transparent regulatory framework for stablecoins. Ardoino had previously doubled down on plans to develop a US-focused stablecoin that aims for institutional use, including payments, interbank settlements, and trading infrastructure.

    While Tether continues to grow in emerging markets like Latin America, Asia, and Africa, the US expansion will require strict compliance with anti-money laundering standards and federal regulations.

    Despite past legal challenges, including a DOJ investigation and a settlement over Bitfinex’s undisclosed loss, Tether has been vocal about efforts to freeze illicit funds and support global financial crime enforcement initiatives.

    Building on its expansion ambitions, Tether tapped Bo Hines, former Executive Director of the White House Crypto Council under President Donald Trump, as its new Strategic Advisor for Digital Assets and US Strategy. Hines has been tasked to lead the company’s efforts to expand its presence in the United States, leveraging his experience in policy, legal frameworks, and blockchain innovation.

    Meanwhile, the stablecoin giant posted impressive second-quarter results as it earned $4.9 billion in profit. This is a 277% increase compared to the same quarter last year. Its year-to-date revenue now stands at $5.7 billion, with $3.1 billion derived from recurring operations and $2.6 billion from investment gains in gold and Bitcoin. As of June 30, 2025, Tether held $162.5 billion in reserves against $157 billion in liabilities, giving it a strong surplus.

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    Chayanika Deka

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  • Eric Trump Explains Why Bitcoin Is Destined For $1 Million: ‘No Question About It’

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    Eric Trump laid out a bluntly bullish, supply-and-demand case for why Bitcoin can reach $1 million, arguing that accelerating institutional access collides with Bitcoin’s fixed 21 million-coin cap, during a “Bitcoin Takes Over the World” session with David Bailey at the Bitcoin Asia conference in Hong Kong on August 29.

    Bitcoin’s Path To $1 Million Is ‘No Question’

    “Everybody wants Bitcoin. Everybody is buying Bitcoin. And that’s uh that’s an incredible thing. And that’s why I’ve always said that I really believe that in the next several years, Bitcoin will hit a million dollars. There’s no question Bitcoin hits a million dollars,” Trump told the audience, adding that “every person who wants an asset class and you have a very limited supply… it doesn’t take a genius to figure out where that goes.” He urged long-term accumulation over timing: “Buy right now. Shut your eyes. Hold it for the next five years and you are going to do terrifically well.”

    Trump also recounted his private discussions with high-level investors in the lead-up to the conference: “When you’re in the room with certain people and and I had breakfast this morning with, you know, a couple of the most powerful people in the region and the hospitality space and you’re literally sitting there trying to explain to them what digital currency is, you realize how early we all are to this race […] I hear from people all the time, you know, should I get into cryptocurrency? Did I miss it? Am I too late? And I literally start laughing at them. I go, we haven’t even scratched the surface of what Bitcoin is going to be.”

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    Trump’s core thesis combined two pillars: finite issuance and broadening distribution rails. He repeatedly emphasized Bitcoin’s provable scarcity—“There’s only 21 million coins… It’s finite. And that’s what makes it so damn powerful”—while asserting that channels for ownership have widened to large pools of capital. “In America, people are buying it for their retirement plans for the first time… you’ve got trillions of dollars of liquidity that’s opening up,” he said, citing custody at “major financial institutions,” as well as uptake by “the biggest banks,” “the biggest families,” “Fortune 500 companies,” and “sovereign wealth funds.” According to Trump, those cohorts are long-term holders: “Those retirement accounts are not letting Bitcoin go. Those companies are not letting Bitcoin go. Those sovereign wealth funds are not letting Bitcoin go.”

    Pressed on what he is hearing in high-level rooms globally, Trump offered another anecdote—without naming the country—about a leader who “literally [takes] the entire energy supply of a major city in the middle of a winter and uses it to mine Bitcoin because that’s how much they believe in the asset.” He added, “You realize how early we all are […] more and more people are finding their inroads,” pointing to improving exchange usability and new consumer on-ramps. “We’re literally trying to get cryptocurrency to the masses,” he said about World Liberty Financial.

    Related Reading

    Trump also highlighted his own commercial exposure to the sector. He described American Bitcoin as “one of the biggest Bitcoin mining companies on Earth,” claiming it produces “about 3% of the world’s Bitcoin every single day,” operates from “some of the cheapest energy in the world… in Texas,” and targets a “rough cost per… mining of Bitcoin… about $37,000,” with plans to list on Nasdaq “very soon.” Beyond mining, he praised his involvement with MetaPlanet alongside Simon Gerovich—whom he dubbed “the Michael Saylor of Asia”—saying the company had “single-handedly changed… the way [Japan and] a lot of Asia” view Bitcoin.

    The conversation returned repeatedly to Bitcoin’s evolving utility narrative. While calling Bitcoin “digital gold” and “the greatest store of value that’s arguably ever been created,” Trump argued its use cases are broadening: “Every single day they’re figuring out new ways to kind of stake it, to get yield on it, to use it for everyday purchases […] you’re taking this digital gold […] and you’re putting massive utility behind Bitcoin.” He framed volatility as an ally for long-term buyers—“Volatility is our friend”—and, with a wink to Michael Saylor’s famous extremism, quipped, “I know obviously he jokes when he says that, but he’s right. Buy it, hold it, and I think you’re going to do extremely well.”

    At press time, BTC traded at $110,149.

    Bitcoin price
    BTC falls below the EMA100, 1-day chart | Source: BTCUSDT on TradingView.com

    Featured image created with DALL.E, chart from TradingView.com

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    Jake Simmons

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  • Here’s When Bitcoin’s Next All-Time High May Come: BTC Price Forecast

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    Bitcoin’s latest bull cycle is building toward a potential climax in late 2025, with analysts pointing to a slowing yet extended growth curve that could see the world’s largest cryptocurrency hit new highs of $150,000.

    Supply scarcity and institutional holding patterns are adding weight to the projection, though there remains a risk of sharp corrections.

    Cycle Analysis Suggests Slower Growth but Extended Peaks

    Analyst Egrag Crypto today outlined a technical framework on X, comparing Bitcoin’s performance across four major cycles against the S&P 500. According to the commentator, each successive cycle has delivered smaller gains, but the uptrends have lasted longer.

    For example, in Cycle 1, the cryptocurrency’s degree of growth reached 61%, followed by 42% in Cycle 2 and 35% in Cycle 3. However, for the current cycle, Egrag estimates a peak growth of 27% by December 2025.

    While it marks quite a drop from earlier cycles, it does not indicate the end of momentum. The market watcher stated that growth deceleration often results in extended cycles, which could stretch the current bull phase further into the first quarter of 2026.

    Their calculations show that the average decrease between cycles is 11.3%, while the overall drop from Cycle 1 to Cycle 4 is roughly 56%. They believe this gradual reduction reflects a maturing market instead of one running on fumes.

    “The chart is trending upwards, but the degree of growth in each cycle is decreasing,” Egrag noted, suggesting that December could bring the cycle’s next peak before a cooling-off period sets in.

    The debate on the cycle’s duration has become a central topic among experts lately. Previously, analyst CryptoBirb claimed that the current bull run is 93% complete and could peak between late October and mid-November of 2025.

    However, this view is not universally held, with other commentators suggesting the traditional four-year cycle, historically tied to Bitcoin’s halving events, may be breaking down due to greater institutional involvement.

    Illiquid Supply Points to $150K Potential

    Meanwhile, a separate report from CryptoQuant highlighted a state of “liquidity scarcity” on major exchanges. According to pseudonymous analyst Arab Chain, Bitcoin’s illiquid supply, which refers to the BTC held in long-term storage, has returned to historically high levels, while the amount readily available for trading has shrunk.

    This dynamic usually creates upward pressure by reducing sell-side availability. In Arab Chain’s assessment, the market is in a “fragile bull run,” simultaneously poised for further gains yet vulnerable to swift corrections.

    The expert argues that BTC could push beyond $150,000 in 2025, particularly if whales and institutions maintain their long-term holding strategies. However, he believes that if large holders were to release supply into thin markets suddenly, the lack of liquidity could trigger a sharp retreat toward the $90,000–$100,000 range.

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    Wayne Jones

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  • Bitcoin Rally Over? CryptoQuant’s Bull Score Index Turns Bearish

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    CryptoQuant’s Bitcoin Bull Score Index has dropped to a value of 20, hinting that a potential bearish transition could have occurred for the asset.

    Bitcoin Bull Score Index Is Now In “Extra Bearish” Territory

    In a new post on X, CryptoQuant community analyst Maartunn has shared how the analytics firm’s “Bull Score Index” has changed for Bitcoin after its recent price drawdown. The Bull Score Index is an indicator that tells us about the market phase the cryptocurrency is currently going through. It determines this by referring to a bunch of key on-chain metrics.

    Below is a chart that shows the trend in the indicator over the past year.

    As is visible in the graph, Bitcoin entered into the “bullish cooldown” phase at the start of August. This signal interestingly persisted even when its price set a new all-time high (ATH) later in the month, a potential sign that the breakout was always gonna be short-lived.

    In the market downturn that has followed this peak, the Bull Score Index first dipped into the “getting bearish” zone, and now, it has plunged right into “extra bearish” levels. “This is something to take serious,” notes Maartunn.

    Here is another chart, this one breaking down the individual signals contributing to the Bull Score Index’s value:

    Bitcoin On-Chain Signals

    As displayed in the graph, almost all of the indicators are giving a bearish signal at the moment. Perhaps the most popular metric on the list is the “Market Value to Realized Value (MVRV) Z-Score,” which relates to investor profitability. It would appear the current market conditions are bad enough to force it to turn red.

    Last time the MVRV Z-Score and Bull Score Index turned bearish was back in February of this year. What followed the signal was an extended phase of negative price action for Bitcoin. Given that the Bull Score Index is once again giving an extra bearish indication for the cryptocurrency, it remains to be seen whether its price will now see another transition.

    Replying to Maartunn’s post, analyst Ali Martinez has agreed with the caution and shared another signal that could point to a similar outcome for Bitcoin.

    Bitcoin Supply in Profit

    The indicator cited by Martinez is the net position change of the 90-day exponential moving average (EMA) Bitcoin Supply In Profit. From the chart, it’s apparent that the metric has turned negative recently, which is something that also happened before the bearish market phase earlier in the year.

    BTC Price

    While on-chain metrics may be pointing at a bearish conclusion for Bitcoin, its price has made a recovery to $113,000 for now.

    Bitcoin Price Chart

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    Keshav Verma

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  • Bitcoin’s Bull Score Flashes Red: What On-Chain Data Means for BTC’s Future

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    The Bitcoin Bull Score, a composite metric tracking MVRV Z-Score, cycle indicators, and trader profit margins, has gone to 20, a reading historically related to bearish conditions.

    This signal comes at a time when BTC is trading at just over $113,000 and hovering above key support levels, even though it is showing cracks in market momentum.

    On-Chain Metrics Paint a Cautious Picture

    In an August 28 post on X, analyst JA_Maartun highlighted the Bitcoin Bull Score’s worrying level, saying it was “something to take seriously.”

    According to him, a score of 20 is bearish, implying that the fundamental conditions supporting the current bull run are deteriorating. His assessment is similar to observations from other analysts like Axel Adler Jr., who, on his part, noted that the market was balanced on the edge of bearish territory, with an integral index of 43% sitting just below a key 45% threshold.

    He characterized the current state as a “soft” bearishness, where the market could tip back to neutral with a few hours of positive derivatives flows, but without that, it faces a scenario of technical bounces rather than a powerful upward reversal.

    Further analysis from Glassnode points to a key support band between $107,000 and $108,900. According to the firm, a break below this level could open the door for a deeper pullback toward $93,000.

    This cautious outlook from on-chain signals clashes with some cycle theories that foresee more gains. Previously, market watcher Cryptobirb projected that the current bull run is 93% complete and could peak between late October and mid-November of 2025.

    However, the traditional four-year cycle narrative has been questioned in some quarters, with several analysts debating whether this pattern is breaking down. One theory suggests money is no longer predictably rotating from Bitcoin to Ethereum to altcoins, but is instead creating “isolated mini-cycles.” This fundamental shift in market structure could mean the old cycle rules no longer apply.

    Meanwhile, there is some more data supporting the bearish case. For instance, the Taker Buy/Sell Ratio’s 30-day moving average recently fell to a seven-year low below 0.98, suggesting that sell orders are overwhelmingly surpassing buy orders. This is a dynamic that has often come before a significant price drop.

    Price Action

    Looking at the market, BTC’s immediate price action shows a 24-hour gain of 2.14% to take it to $113,094. However, while it has dropped by less than 1% over seven days, there has been more noticeable instability over longer timeframes, with the OG cryptocurrency shedding 8.2% in the last two weeks, and nearly 5% across the month.

    It is currently sitting 9.1% below its recent all-time high of $124,457, and its trading range for the last seven days, between $109,214 and $117,016, suggests the market may be searching for direction.

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    Wayne Jones

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  • Bitcoin & Ethereum Whale Populations Quietly Growing, On-Chain Data Reveals

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    Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

    Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

    In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

    Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

    Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

    Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

    Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

    As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

    Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

    Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

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    Keshav Verma

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  • Bitcoin Price Struggles to Rebound – Signs of a Bigger Crash Ahead?

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    Bitcoin price is showing bearish signs below $113,000. BTC is struggling to recover and might start another decline below the $110,500 zone.

    • Bitcoin started a recovery wave from the $108,750 zone.
    • The price is trading below $112,500 and the 100 hourly Simple moving average.
    • There was a break above a key bearish trend line with resistance at $111,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).
    • The pair might start another increase if it clears the $113,000 resistance zone.

    Bitcoin Price Attempts Fresh Increase

    Bitcoin price extended losses after close below the $112,000 level. BTC gained bearish momentum and traded below the $111,500 support zone.

    There was a move below the $110,500 support zone and the 100 hourly Simple moving average. The pair tested the $108,750 zone. A low was formed at $108,734 and the price recently started a recovery wave. There was a move above the $112,000 level.

    The price surpassed the 23.6% Fib retracement level of the key drop from the $117,354 swing high to the $110,734 low. Besides, there was a break above a key bearish trend line with resistance at $111,350 on the hourly chart of the BTC/USD pair.

    Bitcoin is now trading below $112,500 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $112,500 level. The first key resistance is near the $113,000 level or the 50% Fib retracement level of the key drop from the $117,354 swing high to the $110,734 low. The next resistance could be $114,000.

    Source: BTCUSD on TradingView.com

    A close above the $114,000 resistance might send the price further higher. In the stated case, the price could rise and test the $115,000 resistance level. Any more gains might send the price toward the $115,500 level. The main target could be $116,500.

    Another Decline In BTC?

    If Bitcoin fails to rise above the $113,000 resistance zone, it could start a fresh decline. Immediate support is near the $110,600 level. The first major support is near the $109,500 level.

    The next support is now near the $108,750 zone. Any more losses might send the price toward the $107,100 support in the near term. The main support sits at $105,500, below which BTC might accelerate lower.

    Technical indicators:

    Hourly MACD – The MACD is now losing pace in the bearish zone.

    Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

    Major Support Levels – $110,600, followed by $109,500.

    Major Resistance Levels – $112,500 and $113,000.

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    Aayush Jindal

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  • Sleepless In Crypto: $900-M Liquidated Amid Bitcoin’s Steep Fall

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    A significant plunge in the crypto market has sent shockwaves across the industry over the last 24 hours, leaving a trail of liquidations in its wake. Around 200,000 traders were forced out of their positions as Bitcoin plunged to a seven-week low, wiping out more than $900 million in liquidations over a single day.

    Related Reading

    According to CoinGlass, most of those losses came from long bets that could not weather the slide.

    Liquidations Hit Retail Traders

    Reports have disclosed that a single large sale helped set off the cascade. Selling pressure intensified as a large holder offloaded 24,000 BTC, triggering a wave of liquidations, said Rachael Lucas, a crypto analyst at BTC Markets.

    On Coinbase, Bitcoin briefly fell below $109,000 — its weakest level since July 9. Market participants felt the shock fast; traders who were long were the ones most exposed.

    Source: Coinglass

    Macro Signals And Market Reaction

    A recent hint from Federal Reserve Chair Jerome Powell at Jackson Hole about potential interest rate cuts changed how some investors priced risk.

    Since August 14, when Bitcoin reached an all-time high just over $124,000, the asset has corrected by over 10%. Based on data, the drop since Powell’s speech is about 7%.

    The single-day move was measured at close to 3% decline for Bitcoin, and total crypto market value slipped back below $4 trillion to about $3.83 trillion as almost $200 billion flowed out of the space.

    Ether Is Holding Up

    Ether traded near $4,340 and, for now, looks steadier than Bitcoin. It did fall, but it did not breach last week’s low. Institutional interest in Ether remains a talking point. According to Lucas, institutions continue to focus on Ethereum, even as traders reassess risk across smaller coins.

    BTCUSD trading at $110,312 on the 24-hour chart: TradingView

    Related Reading

    Altcoins Took Bigger Hits

    Many smaller tokens fell harder than the majors. Solana, Dogecoin, Cardano, Chainlink, and Sui were among the worst hit.

    That pushed losses beyond the headline Bitcoin numbers and left traders in altcoin-heavy positions nursing larger drawdowns.

    Thin weekend liquidity served to enhance the price gyrations, making the action more extreme than it would have been on a more active trading day.

    September’s Track Record And Outlook

    There is also a historical component to the tale. September has a history of strong pullbacks in bull markets, with strong corrections in 2017 and 2021.

    Featured image from Meta, chart from TradingView

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    Christian Encila

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  • What’s Next For Bitcoin? Key Developments After Falling To $112,000

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    The market’s leading cryptocurrency, Bitcoin (BTC), has recently attempted to stabilize around $112,000 after experiencing a sharp decline to $110,000 on Sunday, meaning a 10% drop from all-time high (ATH) levels. 

    Ahead of the Federal Reserve’s (Fed) September meeting, market expert Doctor Profit highlighted on X (formerly Twitter) the upcoming implications and the most important technical indicators that paint a bleak picture for Bitcoin (BTC) and the broader market.

    Fed Rate Cut To Trigger A New Market Correction?

    Doctor Profit emphasized that the current market environment is markedly different from previous cycles. He believes that the anticipated rate cut by the Fed next month could initiate a robust correction in both stocks and cryptocurrencies. 

    According to him, the first significant cut typically brings uncertainty, leading to divergent opinions among investors, and he predicts that this time will be no exception. 

    Related Reading

    Turning to Bitcoin’s technical indicators, the outlook appears bearish. The expert noted a substantial Chicago Mercantile Exchange (CME) gap around the $93,000 mark that needs addressing, with most liquidity concentrated in the $90,000 to $95,000 range. 

    Key levels for Bitcoin in case of a new correction below $100,000. Source: DoctorProfit on X

    The charts indicate a potential correction, highlighted by a double top formation and declining trading volume. Notably, Doctor Profit has asserted that the last price surge that saw BTC reach $124,000, was largely driven by futures rather than spot market activity, reinforcing the bearish sentiment.

    Bitcoin Price Forecast

    Market psychology plays a crucial role in this analysis. On-chain metrics and sentiment indicators reveal that retail investors often buy high and sell low. 

    The expert disclosed that during Bitcoin’s last dip from $110,000 to $98,000 between May and June of this year, it was primarily institutional investors who capitalized on the lower prices, while retail buyers missed out. 

    As prices climbed, retail investors entered the market at higher levels, Doctor Profit added, which could lead to a shakeout as Bitcoin approaches the critical liquidation zone of $90,000 to $95,000.

    Related Reading

    Beyond Bitcoin’s price action, Doctor Profit warns that the current market sentiment reflects a false sense of optimism, suggesting that the prevalent belief in a sustained altcoin season is misguided. He cautions that as enthusiasm grows, larger players may begin to offload their positions, leaving retail investors exposed.

    Looking ahead, he forecasts a potential surge in Bitcoin prices towards $145,000 to $150,000, which could potentially mean a  34% increase from current levels. The expert also expects Ethereum (ETH) to reach between $7,000 and $8,000 following the September correction.

    Bitcoin
    The daily chart shows BTC’s 10% price retrace. Source: BTCUSDT on TradingView.com

    When writing, Bitcoin trades at $112,560, recording a 6% drop in the fourteen-days time frame. Ethereum on the other hand, has continuously positioned among the market’s top performers with a 5% surge during the same period.  

    Featured image from DALL-E, chart from TradingView.com 

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    Ronaldo Marquez

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  • Ethereum As The Default Crypto Backbone: The Real Reason Behind Tom Lee’s Pick

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    Ethereum has become the default settlement layer engine of decentralized finance, and Tom Lee, the co-founder of Fundstrat Global Advisors, has recently expressed a bullish stance on ETH that was far from a random call. This dominant position explains why Lee’s confidence in ETH is rooted in speculation and the backbone of digital finance.

    How Ethereum Powers The Largest Share Of Decentralized Finance

    In an X post, analyst AdrianoFeria has highlighted that Tom Lee, the co-founder of Fundstrat Global Advisors, has chosen ETH because it is the default choice for stablecoins, tokenization, and DeFi, and the very rails on which the future of finance is being built. Ethereum is the internet of finance, and Wall Street is finally waking up to the reality.

    Tom Lee and more high-profile figures of institutional finance are entering the ETH race and quietly building positions. The analyst noted that Ethereum treasuries are not just decentralized asset trackers (DATs). Rather, they are the perfect vehicle for influential billionaires who are late to ETH to gain leveraged exposure, while gifting early investors an entire army of mainstream ETH bulls who will defend their allocation in the media and beyond.

    He has also stated that the representation of these treasuries and the capital flowing in is not just retail noise anymore, but is big money with a megaphone. The people backing Ethereum are changing the story at the highest levels of finance, and ETH is getting closer to cementing its role as the backbone of global markets.

    However, this isn’t Bitcoin’s game anymore. It’s Ethereum’s internet of finance, and the smart money knows it. For those still clinging to the tired argument that ETH isn’t a store of value, the market has been slapping that narrative down for a decade. Despite endless FUD from no-coiners and even insiders, ETH has been the best-performing asset in the world over the last ten years. 

    Why ETH’s Volume Momentum Could Matter For Bulls

    Following its recent upward trend to a new all-time high, AdrianoFeria also revealed that the ETH momentum over the past three months has been more than just price appreciation. It has been a showcase of growing market dominance. Unlike most altcoins, ETH has consistently brought higher trading volume on exchanges compared to any other crypto asset, including Bitcoin.

    ETH’s volume has been trending upward steadily, while signaling sustained investor interest and market activity. The widening gap between ETH and BTC trading volumes underscores a shift in market attention, and as ETH/BTC continues to climb, more traders and institutions are prioritizing Ethereum.

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    Godspower Owie

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  • Bitcoin Flash Crash Roils Crypto Market

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    Crypto prices dipped Monday following a so-called flash crash of Bitcoin on Sunday. And while Ethereum dipped as well, the second most popular cryptocurrency is still up significantly on the month.

    Bitcoin’s weekend crash is being blamed on a single whale who sold 24,000 Bitcoin, according to crypto watchers on X. Bitcoin’s most recent peak hit $117,370 on Friday, not too far from the all-time high of $124,500. But Bitcoin is currently sitting at $112,660, well below recent highs.

    “Bitcoin flash crash today, which wiped out $310M in long positions, has been traced to a SINGLE Bitcoin whale dumping BTC for ETH. The whale sold 24,000+ BTC, including coins that hadn’t moved in 5+ years, sending 12,000+ BTC today alone to the Hyperunite trading platform,” crypto analyst Jacob King tweeted on Sunday.

    “They’ve sold 18,000+ BTC ($2B) so far and are in the process of dumping the remaining 6,000+ BTC ($670M). Most of the money is being moved into Ethereum, $2B bought and $1.3B staked,” King continued.

    That sale seemed to set off a chain reaction and a flurry of selling with $100 billion wiped out in just 24 hours, according to Forbes, as traders seemed to worry about whether the optimism from Jerome Powell’s statements Friday might be a mirage. Powell signaled he may lower interest rates at the next meeting of the Federal Reserve in September.

    But others are more skeptical that the price really swung due to a whale, suggesting that it could be due to “multiple whales,” rather than a single entity, according to The Block. Whatever the reason for bitcoin’s pullback, there’s no doubt that Ethereum has been faring better in recent days.

    Ethereum is down almost 4% over the past 24 hours to $4,637, but is still up 24% on the month, according to CoinMarketCap. Why is Ethereum doing so well lately? There are a lot of different theories, including the popularity of spot ETFs, which now account for about $30.5 billion or 5.2% of Ethereum’s market cap, according to The Street.

    But there’s also just been a lot of hype in mainstream news outlets about Ethereum, with a recent story in the Wall Street Journal touting all the big money that’s “piling into” the cryptocurrency. One of those investors is apparently Peter Thiel, the billionaire co-founder of PayPal. The Journal reports that people close to Thiel believe his “recent bets stem from a belief that the Ethereum network will keep growing.”

    But that kind of hype should probably be taken with a grain of salt. Founders Fund, Thiel’s venture capital firm, quietly sold about $1.8 billion in crypto by the end of March 2022, not long before the crypto crash of 2022. Thiel had cashed out at a time when he was hyping crypto like crazy, telling a crypto conference in Miami around the same time that “we’re at the end of the fiat money regime.” Thiel made no mention at the conference that he was selling at what would be near the top just before a crash, according to the Financial Times, which only revealed his sales in January 2023.

    Thiel really has a knack for buying low and selling high, which is the smart play for any investor with discipline. But that’s obviously not how markets actually work in practice, crypto or otherwise. People buy at the top because they fear missing out, and then get left holding the bag by guys like Thiel. The question, of course, is whether crypto’s most recent highs are sustainable.

    The Trump regime’s embrace of crypto has been great news for the industry, but nobody knows whether the number can continue to just go up, given the uncertainty of America’s economic outlook. There’s also the small problem that crypto is little more than a speculative asset with no inherent value. Despite countless promises from crypto boosters over the past 15 years, the average person isn’t using crypto to actually buy goods on a regular basis.

    The Block reports that big players like BlackRock, Grayscale, and Fidelity have seen $1.4 billion in net outflows for crypto last week, the highest since March, as investors get skittish. Other cryptocurrencies were also struggling Monday, including Ripple which is down 2%, Solana down over 4%, TRON down over 3%, and Dogecoin down 5%.

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    Matt Novak

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  • Ether Soars In August—But Will September Spoil The Party?

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    Ethereum’s rally this month has been sharp, but traders are being warned to watch September closely.

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    Ether climbed about 20% since the start of August, trading at $4,745 at the time of publication. Prices even pierced $4,860 after dovish remarks from US Federal Reserve Chair Jerome Powell at the Jackson Hole symposium, a move that many in crypto see as a possible spark for more gains.

    Historic September Pullbacks

    According to CoinGlass, history offers a cautionary note: there have been only three cases since 2016 where Ether rose in August and then slid in September.

    In 2017, Ether jumped 92% in August and then dropped 20% the following month. In 2020, August gains of 25% were followed by a 17% pullback in September.

    And in 2021, a 35% climb in August gave way to a 12% slip in September. CryptoGoos, a trader on X, summed it up bluntly: seasonality in September during post-halving years tends to be negative.

    That pattern does not mean a repeat is guaranteed. Reports have disclosed that both market structure and investor profiles are different now than in those earlier years.

    In 2016 and 2020, short-term losses in September were followed by multi-month recoveries, with Ether posting upside in the final three months of those years. So while history matters, it does not decide outcomes on its own.

    New Money, New Dynamics

    Flows into spot Ether ETFs this month have been large enough to grab attention. Based on reports from Farside, spot Ether ETFs saw roughly $2.70 billion net inflows in August, while spot Bitcoin ETFs experienced about $1.2 billion in net outflows over the same period.

    Ethereum is now trading at $4,795. Chart: TradingView

    At the same time, companies that hold crypto on their balance sheets now control a sizable chunk of Ether. Reports show total Ether held by treasury companies topped $13 billion in value on Aug. 11.

    Arkham reported that BitMine chairman Tom Lee bought another $45 million of Ether, lifting BitMine’s stack to $7 billion.

    Those numbers change the math. Big institutional stacks and ETF demand can make sharp, short-term moves more persistent than in prior cycles.

    Capital appears to be rotating; Bitcoin dominance has fallen 5% over the past 30 days to 55%, which market participants mostly attribute to funds moving into assets beyond Bitcoin.

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    What Traders Might Do Next

    Traders and portfolio managers will likely keep an eye on macro signals and flow data. A softer interest rate outlook from Powell is a bullish factor for risk assets, but seasonality and previous post-August declines are reasons to stay cautious.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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  • Bitcoin Price In A Trend Shift? Here’s Why $118K Might Be Vital For A Bullish Return

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    Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.

    Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part – in fact, far from it.

    Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger.

    When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.

    Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books – ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K.
    Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.

    Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings.

    Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time – he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.

    Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon – cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment – spreading the crypto gospel to the rest of the world.

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    Opeyemi Sule

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  • Analyst Sounds The Alarm—Bitcoin Could Slide Toward $88K

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    Bitcoin’s recovery attempt is drawing attention after a week of steady losses, with one market watcher warning of a deeper fall if the coin fails to push past the $120,000 region.

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    The price of the world’s biggest cryptocurrency has already slipped by over 7% since touching $124,450 last week, raising doubts about the strength of its next move.

    Wave Structure Signals Critical Stage

    According to technical analyst CasiTrades, Bitcoin touched a low of $112,500 earlier today, a level that aligned with multiple timeframe targets.

    The move also came with bullish divergences on momentum indicators, which pointed to a short-term rebound. The analyst framed this drop as part of a corrective pattern, calling it Wave 1 of an A-wave.

    The next stage, labeled Wave 2, is expected to deliver a relief bounce. CasiTrades suggested that this move could carry Bitcoin back into the $119,900 to $121,900 zone.

    If rejection happens there, the decline could intensify into Wave 3, with possible downside reaching as far as $88,000.

    Reports explained that the bearish scenario would be invalidated if Bitcoin could print a new all-time high beyond $124,500. That would necessitate a reset in the corrective setup, which would have bulls with more leverage in the short term.

    Altcoins Show Signs Of Rotation

    As Bitcoin struggles with resistance, bigger-cap altcoins have been exhibiting mixed action. CasiTrades thinks that traders may move into these assets in Bitcoin’s downtime, anticipating that they will make more considerable movements in the meantime.

    BTCUSD now trading at $113,489. Chart: TradingView

    XRP, which dropped to $2.85 earlier in the day, has rebounded slightly and now trades at $2.90. That still leaves it down 1.30% over the last 24 hours. Ethereum is faring better, gaining 1.8% to trade at $4,269, while Solana added 2.5% to reach $183.

    Market watchers say this kind of rotation is not unusual. When Bitcoin stalls at major resistance levels, traders often chase higher returns in altcoins that carry more volatility.

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    Uncertainty Ahead For Traders

    The focus remains squarely on the $120K–$122K area. A clean breakout would indicate that Bitcoin is gaining strength again, while rejection would validate CasiTrades’ expectation of a greater fall.

    They are now considering those possibilities, with some waiting to build up on dips and others opting to remain in wait-and-see mode until the picture becomes clearer.

    For the time being, the market is divided between anticipation of a rebound and fear of further correction. Altcoins are showing some relief with isolated areas of green, but the response of Bitcoin at resistance will tend to dictate the tone for the next few days.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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  • More Pain For Bitcoin? Open Interest Surpasses $40 Billion As Longs Crowd In

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    After hitting a new all-time high (ATH) of $124,474 on Binance on August 13, Bitcoin (BTC) has tumbled toward $113,000, with the next major support zone around $110,000. Analysts warn that more downside could still be ahead for the top cryptocurrency.

    Bitcoin To Fall More? Crowded Long Trade Gives Hint

    According to a CryptoQuant Quicktake post by contributor XWIN Research Japan, Bitcoin open interest across all exchanges has surged past $40 billion, nearing ATH territory. This rise shows both whales and short-term traders are piling into leveraged positions.

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    The chart below highlights the recent spike in BTC open interest, now hovering at $40.6 billion. Compared to August 2024 levels of $15 billion, open interest has grown by more than 150%.

    Bitcoin open interest has surged past $6 billion | Source: CryptoQuant

    The CryptoQuant contributor added that despite this surge, the funding rate has remained positive, showing a strong long bias. While this reflects market optimism, it also signals a crowded trade, with most participants betting on further BTC appreciation.

    funding rates
    Bitcoin funding rates across all exchanges continue to be positive since the beginning of August | Source: CryptoQuant

    As a result, the risk of a long squeeze – forced liquidations of long positions due to aggressive leverage – has risen. XWIN Research Japan explained in their analysis:

    A sudden price drop can trigger a cascade of forced selling, amplifying volatility. In other words, Bitcoin’s short-term moves remain at the mercy of speculative flows.

    BTC Fund Holding By Institutions Rises

    Despite speculative froth from excessive leverage in the market, BTC fund holdings by Bitcoin exchange-traded funds (ETFs) and institutional investors continue to surge, exceeding 1.3 million according to latest data.

    fund
    Bitcoin fund holdings currently hover around 1.3 million | Source: CryptoQuant

    Spot ETFs and corporate treasuries absorbing BTC provides the digital asset a structural bid that steadily reduces its available supply. According to data from SoSoValue, US-based spot Bitcoin ETFs currently hold $146 billion in net assets – representing 6.47% of BTC’s market cap.

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    That said, this week alone has seen more than $645 million in outflows from spot Bitcoin ETFs, following two consecutive weeks of inflows totaling nearly $800 million. Among the ETFs, BlackRock’s IBIT leads with $84.78 billion in net assets as of August 19.

    Still, not all signals are bearish. For instance, while BTC slipped below $115,000, its spot trading volume surged past $6 billion, giving bulls hope for a potential rebound.

    Similarly, technical analyst AO recently suggested that BTC could be mirroring gold’s trajectory, with an ambitious target of $600,000 by early 2026. At press time, BTC trades at $113,845, down 1.5% in the past 24 hours.

    bitcoin
    Bitcoin trades at $113,845 on the daily chart | Source: BTCUSDT on TradingView.com

    Featured image from Unsplash, charts from CryptoQuant and TradingView.com

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    Ash Tiwari

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  • Long-Term BTC, ETH, XRP, SOL Investors Lock in $2.8B as Market Stalls

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    A significant wave of profit-taking has swept through cryptocurrency markets, with long-term investors capitalizing on recent all-time highs.

    Fresh on-chain data reveals that holders of major assets have collectively sold off approximately $2.8 billion in gains, contributing to a widespread market cooldown.

    $2.8B in Realized Profits as Major Coins Face Selling Pressure

    Analytics firm Glassnode reported on August 20 that holders of more than one month booked billions in profits across top digital assets, including Bitcoin (BTC), Ethereum (ETH), Ripple’s XRP, Solana (SOL), and Tron (TRX).

    Bitcoin set the pace, with holders registering a massive $1.5 billion in realized profits on July 18, the largest such event since December 2024. ETH followed suit, peaking at $575 million on August 16, with the figure also marking its most substantial profit-taking spike of the current market cycle.

    Solana mirrored this activity, seeing more than $105 million in profits realized on August 17, its largest since early 2025, while XRP hit a $375 million profit-taking event on July 24, echoing behavior from its late 2024 rally.

    According to Glassnode, this collective action shows a strategic decision by experienced investors to lock in gains following a prolonged upward trend, directly influencing the current price pressure.

    The timing of the reaping comes alongside increased volatility in the market. As previously reported by CryptoPotato, BTC dropped below $113,000 for the first time since early August, dragging down other cryptocurrencies, including ETH, which went below $4,200, while XRP was pushed under the $3.00 support. Meanwhile, Cardano (ADA) was among the hardest hit, plunging 8% to $0.85, while the overall market shed more than $70 billion in capitalization overnight.

    Market Sentiment, Short-Term Pain, and the Road Ahead

    Interestingly, the selloff has also come at a time when there is a stark shift in crowd psychology. Data shared today by Santiment showed that social media sentiment toward BTC has turned sharply negative, hitting its lowest since June. Historically, such fear-driven phases have often marked local bottoms, with contrarian traders stepping in to take advantage of the increasing panic in the market.

    Short-term data further shows the divide between long- and short-term participants. A recent CryptoQuant report noted that investors who have held Bitcoin for less than five months had realized losses for the first time since the start of the year. Such events, according to the platform’s analysts, either flush out weaker hands before a rebound or risk deeper corrections if selling accelerates.

    Meanwhile, Tron is offering a counterpoint. Despite heavy long-term profit-taking earlier this month, short-term TRX holders are sitting on gains of more than 30%, sparking optimism for continued momentum.

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    Wayne Jones

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  • Crypto Founder Predicts The Collapse Of Bitcoin In This Timeframe

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    Justin Bons, the founder and CIO of Cyber Capital, has issued a stark warning about Bitcoin’s (BTC) future, predicting that the world’s largest cryptocurrency could collapse in the coming years. The crypto founder has cited Bitcoin’s declining security model and shrinking block rewards as some of the indicators of this seemingly inevitable crash. 

    Bitcoin Forecasted To Collapse Within 7-11 Years

    This week, the crypto community was shaken by a striking prediction from Bons, who warned that Bitcoin could face a catastrophic collapse within the next decade. According to an X social media post released by the Cyber Capital founder, the foundations of Bitcoin’s security model are fundamentally broken, and the decline of mining revenue will eventually leave the network increasingly vulnerable to attacks.

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    Bons projected that Bitcoin’s downfall could occur precisely between 7 and 11 years, when the block rewards diminish to levels that can no longer sustain miner incentives. His reasoning is rooted in the economics of the Bitcoin protocol, which relies on a declining block subsidy over time. By 11 years from now, the reward is expected to fall to just 0.39 BTC per block, translating to roughly $2.3 billion annually at current prices. This figure, the crypto founder argues, is nowhere near enough to protect Bitcoin’s multi-trillion-dollar market capitalization. 

    Bons also shared two charts to reinforce his claims. The first shows mining revenue in sharp decline relative to previous years, demonstrating Bitcoin’s reliance on subsidy rather than transaction fees. The second chart reveals how the annual security budget as a percentage of market cap has fallen consistently over the years, shrinking from over 8% in 2015 to barely above 1% in 2025. 

    Source: Justin Bons on X

    The Cyber Capital CIO also pointed out that while other chains like Ethereum have successfully transitioned toward greater fee-based security, Bitcoin has failed to adapt, leaving its miners increasingly dependent on dwindling rewards. According to his post, the consequences of this are dire. As mining becomes unprofitable, he predicts that the network’s security could simultaneously decline, opening the door to censorship, 51% attacks, and eventual chain splits. 

    If core developers respond by raising the supply cap beyond 21 million, Bons forecasts that this could fracture the community and destroy Bitcoin’s narrative of digital scarcity. He warned that relying on a system that demands perpetual price doubling to maintain its security forever is nothing short of “madness.”

    Community Pushes Back Against BTC Crash Claims

    Unsurprisingly, Bon’s foreboding forecast has sparked intense debate and contrasting views throughout the crypto community. Many members pushed back, acknowledging the concerns about a shrinking security budget but challenging the inevitability of a Bitcoin collapse. 

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    Some argued that BTC has historically adapted to challenges and that transaction fees, along with scaling solutions, could still provide sustainable long-term security. Others suggested alternative mechanisms, such as MEV capture, sidechain fees,  or even institutional miners operating at a loss to keep the network alive. 

    One community member raised the possibility of emergency measures like tail emissions or block size increases, citing Monero’s ongoing debate about similar solutions. Bons conceded that a tail emission might keep the chain alive but insisted it would come at the cost of Bitcoin’s core value proposition, which is fixed scarcity. In his view, such a compromise would leave BTC unable to compete against more adaptive blockchains.

    Bitcoin
    BTC trading at $115,318 on the 1D chart | Source: BTCUSDT on Tradingview.com

    Featured image from Pixabay, chart from Tradingview.com

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    Scott Matherson

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  • Bitcoin Risks Drop Below $110,000 Despite Bounce – Is A 15% Pullback Coming?

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    Bitcoin (BTC) is attempting to reclaim a crucial level as support after bouncing from the recent drop below $115,000. Nonetheless, some analysts warned that the cryptocurrency is entering a corrective phase with a potential 15%-25% drop.

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    Bitcoin Risks Drop Below $110,000

    On Monday, Bitcoin fell below the $115,000 level for the first time in nearly two weeks, retesting the $114,500 support before bouncing. The flagship crypto has been hovering between its local price range since August 7, hitting its latest all-time high (ATH) of $124,200 before ultimately being rejected from the range highs.

    Now, some market watchers have affirmed that BTC has entered a corrective phase, which could send the cryptocurrency below other crucial support levels. Ali Martinez noted that the recent rejection “came in the form of a deviation, which often signals weakness and opens the door for deeper pullbacks.”

    According to the analyst, Bitcoin has been trading within the $112,000-$122,000 price range, suggesting that the local bottom is the next key support level to watch as momentum leans bearish.

    BTC targets the range lows after rejection. Source: Ali Martinez on X

    Notably, the cryptocurrency immediately bounced from today’s drop, reclaiming the recently lost $116,500 breakout level, and nearing the $117,000 area again. To the analyst, a confirmed rebound could reset bullish momentum, sending the price to the range highs.

    However, if BTC’s price drops again and the $112,000 support doesn’t hold, the cryptocurrency risks triggering a $4,000 drop to the $108,000 area. Martinez highlighted that on-chain data shows a liquidity grab between these two levels.

    Additionally, the Accumulation Trend Score, which dropped to 0.20, signals that holders are “redistributing their Bitcoin rather than accumulating at these levels.”

    Has The Price Discovery Correction Begun?

    Analyst Rekt Capital pointed out that BTC failed to hold the crucial $119,000 level as support on the weekly chart, closing on Sunday below its weekly bull flag pattern that had been developing since early July.

    According to a previous analysis, turning the pattern’s bottom into resistance would be a bearish retest that would confirm the breakdown from the pattern, and potentially lead to a new retest of the $112,000 area.

    Amid its recent performance, he asserted that Bitcoin has entered its second Price Discovery Correction, which has historically followed the second Price Discovery Uptrend peak, between weeks 5-7.

    “Interestingly, the upside wick that formed last week developed right at the finish line in Week 6 before pulling back. This upside wick was crucial because it came to save the historical cyclicality that we tend to see in price action across cycles,” the analyst explained, as the previous ATH formed in Week 2 of the second uptrend.

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    Rekt Capital suggested that Bitcoin could be transitioning into a corrective period. Nonetheless, he noted that this corrective might not last as long as previous corrections, as at this moment of the 2017 and 2021 cycles, BTC pullbacks lasted between 1-3 weeks and were 25% and 29% deep, respectively.

    “In both cases, these pullbacks were shorter and shallower by the standards of the previous corrections in the respective cycles,” he detailed, concluding that BTC must “ideally resolve this pullback over the next handful of weeks and perform a relatively shallow pullback of -15% to -25%.”

    Bitcoin, btc, btcusdt
    Bitcoin trades at $116,460 in the one-week chart. Source: BTCUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

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    Rubmar Garcia

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  • Samson Mow Pushes Mining Hardware Ban as Bitcoin Core 30 Sparks Spam Debate

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    Bitcoin’s ongoing scaling dispute has taken a new twist as industry figures debate how to handle what many are calling a “spam epidemic” on the network.

    Long-time BTC advocate and Jan3 CEO Samson Mow has suggested that mining hardware manufacturers should consider refusing sales, or at least imposing penalties, on companies supporting transactions he describes as spam.

    Mow’s Hardware Gambit

    In an August 17 post on X, amplifying an earlier proposal by Adam Beck to put social pressure on miners as a means of curbing spam on the Bitcoin network, Mow suggested that Block’s Proto Mining division, which builds some of the most highly efficient ASIC miners, could refuse sales or impose markups on firms like Marathon Digital (MARA) that mine transactions containing non-financial data.

    “If @jack is on board… they could simply publish a statement that they will not sell, or will sell hardware at a markup, to the companies that are enabling spam,” Mow tweeted.

    He theorized that imposing a potential 2% economic penalty would outweigh the minor profit boost of around 0.5% accruing from mining spam. This, he believes, would compel public mining firms to stop.

    While Block’s willingness to act as an arbiter is currently unknown, Mow’s idea has received support in some quarters. Bitcoin maxi Matt Kratter endorsed it, stating:

    “Proto Rig should not sell their ASICs to bad actors that support Bitcoin spam. Let MARA buy from the CCP and pay tariffs.”

    The Core of the Controversy: OP_RETURN

    Mow’s remarks have intensified an already heated debate around Bitcoin Core’s upcoming changes to OP_RETURN, the transaction type often blamed for bloated blocks.

    In May, the Bitcoin Core development team decided to eliminate the long-standing 80-byte cap on OP_RETURN outputs in Core 30. The opcode allows small data packets to be embedded in BTC transactions but was historically restricted to prevent non-financial data from flooding blocks.

    However, developers, led by Gregory Sanders, argued the limit was obsolete since miners were already bypassing it. They contend that removing it will promote cleaner data storage, maintain network neutrality, and also reflect existing practices by private mining pools.

    “This is not endorsing non-financial data usage, but accepting that as a censorship-resistant system, Bitcoin can and will be used for use cases not everyone agrees on,” a past Core statement explained.

    Still, critics like Luke Dashjr have described the move as “utter insanity,” warning that it would lead to an increase in spam on Bitcoin, potentially crowding legitimate financial transactions and altering the network’s main purpose.

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    Wayne Jones

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  • Bitcoin ETFs See Historic Surge – Institutions Go Bullish On BTC With $1.38 Billion Record Inflows

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    Este artículo también está disponible en español.

    Yesterday, Bitcoin had one of its most bullish days in history, skyrocketing past its all-time high to reach $76,990. This new milestone has ignited widespread excitement and confidence among investors, who now see the potential for further gains. 

    Key data from Carl Runefelt reveals that Bitcoin ETFs experienced a historic surge, with $1.38 billion in net daily inflows. This record-breaking figure highlights institutional demand for Bitcoin, as major players like BlackRock are buying BTC in anticipation of long-term growth.

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    The influx into Bitcoin ETFs underscores a broader trend of institutional adoption, with increasing interest from financial giants as they recognize Bitcoin’s potential as a store of value and hedge against economic uncertainty. Runefelt’s analysis suggests that this level of demand is unprecedented, marking a turning point that could sustain Bitcoin’s bullish momentum. 

    The recent surge is not just a technical breakout but also a fundamental shift driven by institutional confidence, setting Bitcoin up for potential further highs as large-scale investors continue to enter the market. 

    Bitcoin Hits New ATH

    Bitcoin has surged into uncharted territory, breaking its previous all-time highs once again to reach a new peak that has captivated the crypto community. This historic rally comes on the heels of the U.S. election, which saw Donald Trump emerge victorious.

    Market sentiment suggests that Trump’s pro-crypto stance could have played a role in driving renewed confidence among U.S. investors, who are looking to Bitcoin as a hedge amid changing economic policies.

    Adding to this momentum, traditional investors increasingly pour into Bitcoin through ETFs, marking a significant shift in institutional interest. According to key data from SoSo Value, shared by prominent analyst Carl Runefelt on X, Bitcoin ETFs experienced record-breaking daily inflows yesterday, totaling an astounding $1.38 billion.

    Bitcoin ETFs Daily Total Net Inflows hit a record $1.38B | Source: Carl Runefelt on X

    This historic inflow underscores the growing appetite from institutional players who are viewing Bitcoin as a critical asset for their portfolios.

    The recent bullish shift among institutions follows a prolonged 7-month accumulation phase that had cast shadows of doubt over Bitcoin’s potential to break new highs this year. Many investors remained cautious, with market volatility and uncertainty testing their confidence. 

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    With institutional backing at record levels, Bitcoin’s recent rally could signify the beginning of an extended bullish phase. As big players like BlackRock buy-in through ETFs, the market sees this as a signal of renewed strength. All eyes are now on Bitcoin’s next moves, with analysts suggesting the recent price action may only be the beginning of a larger bull run for the world’s largest cryptocurrency.

    BTC Pushing Up: Strong Price Action

    Bitcoin is trading at $76,000 after reaching new all-time highs. BTC is entering a strong consolidation phase above the previous record level of $73,800. This price zone is crucial for bulls, as holding above it could provide stability for Bitcoin’s rally to continue. Analysts are closely watching this level; if BTC can respect it, the bullish momentum may persist, encouraging further gains.

    BTC tags $76,990 after breaking previous ATH
    BTC tags $76,990 after breaking previous ATH | Source: BTCUSDT chart on TradingView

    However, the recent euphoria could lead to a consolidation phase just below $77,000—a level some experts identify as a short-term local top. This resistance could take time to overcome as the market digests recent gains and awaits fresh catalysts for another breakout.

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    Despite potential consolidation, demand remains robust, and on-chain data reflects strong buying pressure that could continue driving the price upward. The technical outlook suggests further upside potential if Bitcoin can stay above $73,800 over the coming days. Bulls are optimistic, as it could establish a solid foundation for the next leg up in Bitcoin’s ongoing rally.

    Featured image from Dall-E, chart from TradingView

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    Sebastian Villafuerte

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