ReportWire

Tag: Bitcoin

  • Bitcoin Block Channel Reveals $400,000 Price Target – Details

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    Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

    Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

    In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

    In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

    Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

    Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

    Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

    Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

    Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

    He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

    In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

    His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

    Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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    Semilore Faleti

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  • Bitcoin Loses $90K Support as On-Chain Data Hints at $70K Next

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    On-chain data indicates that BTC is trading within a new range, moving between $70,000 and $90,000, with a point of control near $83,000.

    Bitcoin (BTC) has decisively broken below the psychologically significant $90,000 level, reaching a six-month low under $81,000.

    According to analyst CryptoOnchain, this breach signals a new corrective phase for the digital asset, with their assessment now pointing toward a critical test of the $70,000-$73,000 support zone as the next major battleground for market direction.

    A Market in Correction

    The decline has been sharp, with Bitcoin’s value falling roughly 17% over the past month and over 6% in the last 24 hours alone, based on recent data from CoinGecko.

    This drop pushed the asset to levels not seen since April, triggering substantial market liquidations. The selling pressure was amplified by activity from long-term holders, with analytics firm Arkham revealing that an early Bitcoin adopter, Owen Gunden, moved $230 million in BTC to the Kraken exchange.

    This was part of a larger sell-off that saw the entity dispose of 11,000 BTC, worth $1.3 billion, since October, introducing significant sell-side pressure from a source that had been dormant for years.

    While the break below $90,000 is technically bearish, CryptoOnchain indicated a new trading range is being established between $70,000 and $90,000.

    They pointed out that the Point of Control (POC), the price level with the highest traded volume, sits near $83,000, which could act as a magnet for the price, leading to a period of consolidation. However, the primary focus for many is the stronger confluence of support waiting below.

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    The Path to a Potential Bottom

    According to CryptoOnchain, the most important area of interest for traders is the $70,000-$73,000 band.  This zone is not just a major technical level; its importance is heavily reinforced by on-chain data, which shows it matches up with the average acquisition cost, or Realized Price, of large Bitcoin holders.

    The metrics shared by the expert show these entities, holding between 100 and 1,000 BTC, have a collective cost basis of approximately $71,000.  Historically, when the market price approaches the average purchase price of major investor groups, they often step in to buy more to defend their positions, creating a powerful support floor.

    Market sentiment, as tracked by analytics platform Santiment on November 20, reflects the ongoing fear. Social media is filled with a mix of optimism from those looking to buy the dip and pessimism from those predicting further losses.

    The firm suggested that a true market bottom often forms when retail sentiment becomes overwhelmingly negative, marked by a surge in predictions for prices below $70,000.

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    Wayne Jones

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  • Buckle Up, Bitcoin ETF Buyers, $79K Might Be Your First Real Test

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    The cryptocurrency market has been under severe bearish pressure in the past week, with the price of Bitcoin falling below this year’s opening price. At the same time, other large-cap assets have struggled, registering double-digit losses over the past few days.

    In recent months, conversations have swirled around the death of the typical four-year cycle and a shift in the Bitcoin market structure, with the spot exchange-traded funds (ETFs) providing fresh, consistent liquidity. However, the latest on-chain data shows that BTC ETF investors could be under pressure in the coming days.

    $79,300: The Pain Threshold For BTC ETF Buyers

    In a recent post on the CryptoQuant platform, IT Tech shared an insight into the current Bitcoin market dynamics and how it could affect the relatively new set of investors known as BTC ETF buyers. According to the on-chain analyst, these exchange-traded fund holders are “about to face their first real test.”

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    The relevant metric here is the Bitcoin US ETF Realized Price, which tracks the average purchase price of BTC held by United States-based exchange-traded funds. This indicator offers insights into the profitability of institutional investors and holders.

    IT Tech, however, made an interesting assertion, calling out the idea that ETF capital inflows are “Institutional Money.” The crypto analyst noted that most value added through US-based exchange-traded funds is mostly from retail investors buying through their brokerage accounts.

    Source: CryptoQuant

    As observed in the chart above, the Bitcoin US Exchange-Traded Funds Realized Price currently stands around $79,300. IT Tech said that the ETF buyers often feel “smart” when above the realized price, while they feel panic (as seen with most retail investors) when below their cost basis.

    According to the on-chain analyst, these ETF investors are not accustomed to Bitcoin price declines. Hence, this group of exchange-traded fund holders or “new retail,” who have not been tested before, could enter a phase of panic selling should they go underwater.

    Currently, the next significant support for the market leader is marked at around $82,000, where several spot investors have their cost basis. Ultimately, this evaluation makes $79,300 another crucial level to watch should the price of Bitcoin suffer further downturn. 

    Bitcoin Price At A Glance

    As of this writing, the price of BTC stands at around $84,500, reflecting an over 2% decline in the past 24 hours. According to data from CoinGecko, the flagship cryptocurrency is down by more than 11% in the past week.

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    Bitcoin
    The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

    Featured image from iStock, chart from TradingView

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    Opeyemi Sule

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  • $2 Billion Gone In Minutes: Bitcoin Slide Shakes Crypto World

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    According to exchange and on-chain data, global crypto markets plunged Friday as prices slid and forced a widespread sell-off. Bitcoin fell under $83,000, while Ethereum traded below $2,800. The breakdown sent roughly $2 billion of positions into liquidation, knocking confidence and prompting quick losses across major tokens.

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    Heavy Liquidations Rock Traders

    Reports show more than 390,000 accounts were wiped out during the move. One single BTCUSD order on Hyperliquid stood out at $37 million, a sign of how fierce the selling became. Bitcoin bore the brunt: about $962 million of BTC positions were erased within 24 hours, with long bets making up nearly $931 million of that total. These figures underline how concentrated the damage was among those betting on higher prices.

    Source: Coinglass

    Long Positions Versus Shorts

    Long liquidations across the market approached $1.78 billion, while short liquidations were much smaller at close to $130 million. A rapid shift followed a strong US jobs report, which removed odds of a December rate cut and triggered roughly $450 million in liquidations in just two hours. That macro surprise appears to have fed directly into traders’ risk management systems.

    Options Expiry Raises Stakes

    Derivatives activity added pressure as more than $4.2 billion of crypto options were due to expire that day. Over 39,000 BTC options, valued near $3.4 billion, were on the docket. The longer-term put-call ratio sat at 0.52, but heavy recent put buying pushed the 24-hour ratio up to 1.36, signaling a burst of hedging.

    BTCUSD currently trading at $85,543. Chart: TradingView

    The so-called max pain level for Bitcoin was around $98,000, well above where spot trades were happening. Ether options also featured prominently, with more than 185,000 contracts worth close to $525 million set to lapse. ETH’s 24-hour put-call moved to 1.01 from 0.72, and the options market’s max pain rested near $3,200, above spot prices near $2,800.

    Altcoins Felt The Impact

    The rout spread fast. Solana dropped 11% to about $126, while XRP slid more than 8% to roughly $1.91. Other tokens that fell in the wave included ASTER, HYPE, TNSR, DOGE, and ZEC. Selling was broad, showing that the move was not limited to one market or sector.

    Whale Losses Highlight Risk

    On-chain monitors flagged big losses among sizable holders. PeckShieldAlert reported individual ETH liquidations in the range of almost $3 million to $6.50 million.

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    Lookonchain tracked a high-profile account, Machi, whose total paper losses topped $20 million and whose balance was reported at just $15,530 after the hits. Another large account, labeled the “Anti-CZ Whale,” also saw profits plunge on Hyperliquid.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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  • Bitcoin Shows A Clear Momentum Reset — Is A Trend Reversal Coming?

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    The dynamic landscape of the Bitcoin market is entering a full momentum reset, the kind that typically appears in the cooling phase between major trend cycles. After a period of decisive movements, the market now finds itself in a state where previous directional force has largely dissipated, allowing for a re-evaluation of its path.

    A Necessary Reset Before Bitcoin’s Next Big Push

    In an X post, Swissblock has mentioned that Bitcoin momentum is clearly in a reset phase, and the question now is how long until it flips. Historically, in late February to early April 2025, the bottom required roughly 7 weeks for a full momentum to reset. Moving further back to late June to late September 2024, the correction took close to 14 weeks for a full reset and consolidation before a clear trend emerged.

    Data shows that the current momentum reset has been underway for weeks, placing BTC right inside the window where past cycles have typically reached exhaustion. This zone historically marks the point where downside pressure weakens and the higher probability of a counter-trend move increases sharply.

    The crypto market is collapsing. An industry-leading commentary on the global capital markets, The Kobeissi Letter, revealed that on October 6th, just 45 days ago, Bitcoin touched an all-time high of $126,272, with the total crypto market capitalization reaching $2.5 trillion. However, everything changed on October 10th, when President Donald Trump threatened 100% tariffs on China, shifting the surface of the crypto market.

    This announcement triggered a chain reaction record of $19.2 billion in liquidations, the highest ever recorded in a single event, and BTC never truly recovered from the shock. Even when a trade deal between the US and China was reached on October 30th, the liquidation pressures only worsened. Since November 10th, BTC price action has moved into a literal straight line lower, with average daily liquidations approaching $1 billion. 

    Throughout this entire 45-day bear market, there has been an absence of bearish fundamental developments within the crypto space. Kobeissi concluded that this is a mechanical bear market driven by an excessive level of leverage and sporadic liquidations, claiming the market is efficient, and it will iron itself out.

    Will BTC Emerge Stronger From This Test?

    This current Bitcoin correction has now fallen perfectly in line with the previous major drawdowns of this cycle. A full-time crypto trader and investor, Daan Crypto Trades, highlighted that each of these corrections in the ongoing cycle has their own story, but this one is hitting the market the hardest.

    Though the 10/10 liquidation event didn’t just hit BTC, it obliterated altcoins. For most of this brutal BTC correction, equities and metals were making fresh all-time highs, further triggering the bearish condition of the crypto landscape.

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    Godspower Owie

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  • Bitcoin has shed almost $800 billion since its October peak. What’s behind the plunge?

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    Bitcoin continued to slide on Friday, extending a weeks-long slump that has wiped out nearly $800 billion in value since the cryptocurrency hit its 2025 peak last month. The downturn has stripped away all of bitcoin’s gains this year — and raised questions about where it might go from here.

    Since closing at almost $125,000 on Oct. 6, its highest price this year, bitcoin has shed about one-third of its value. On Friday, bitcoin sank below $82,000 before rebounding slightly to $83,509 before noon EDT, according to CoinGecko, a cryptocurrency data aggregator. 

    The cryptocurrency, which is trading at its lowest level since April, is now on track for its worst monthly performance since 2022, when a spate of corporate collapses sparked turbulence in the crypto sector, Bloomberg reported Friday. 

    The precipitous drop comes as Wall Street grapples with unease over whether there’s a bubble in artificial technology and tech stocks, prompting a shift away from assets that are viewed as carrying more risk, analysts say. Investors are also cautious given signs of weakness in the labor market, and the outlook for the Federal Reserve’s interest rate decision next month, with more economists now expecting the Fed to hold off on cutting rates.

    “The future is uncertain. It almost feels like it’s moving back to the question: do I even want to hold [bitcoin] in this environment?” said Thomas Chen, the CEO of cryptocurrency company Function, in an email.

    Why is Bitcoin falling?

    Concerns about an AI bubble can translate into turbulence for cryptocurrencies because tech stocks tend to move in tandem with bitcoin, experts noted.  

    “When tech sneezes, it’s natural to expect Bitcoin to catch a cold,” noted Nic Puckrin, investment analyst and co-founder of The Coin Bureau, in an email.

    Aside from pulling back from riskier assets, some investors may be selling bitcoin to cover margin calls. Coinbase, for example, now offers “perpetual futures,” a product that lets traders use up to 10-to-1 leverage on bitcoin and other cryptocurrencies.

    Leveraged positions can force investors to sell because borrowing amplifies every price move — for both gains and losses. Even a small drop in the underlying asset can lead to an outsized loss on a leveraged trade. But if an asset tumbles and the investor can’t meet the margin requirements, the trading platform may automatically liquidate the position, which leads to more selling and downward pressure on its price.

    “When traders borrow heavily to magnify positions, any reversal triggers liquidations that accelerate the move,” Nigel Green, CEO of deVere Group, a financial advisory organization, said in an email.

    Large declines in bitcoin’s price aren’t unusual, and the cryptocurrency has always rebounded, experts noted. 

    Brian Vieten, a research analyst at Siebert Financial, said in a Tuesday email that bitcoin has historically experienced around five corrections of 20-30% or more during bull markets, adding that the issues may represent “temporary headwinds” as some investors could view lower crypto prices as a buying opportunity.

    Edited by

    Aimee Picchi

    The Associated Press

    contributed to this report.

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  • Who’s Selling? Here’s The Demographic Driving The Bitcoin, Ethereum, And Dogecoin Price Crash

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    Recent data has revealed the demographics of sellers driving the Bitcoin, Ethereum, and Dogecoin crash. The Coinbase BTC premium index also continues to drop further in the red, which strengthens the case of where exactly the sell pressure is coming from.

    The Demographic Behind The Bitcoin, Ethereum, And Dogecoin Price Crash

    In an X post, crypto pundit Crypto Rover noted that the U.S. session has been the weakest trading session so far this month. The pundit further shared an accompanying chart, which showed that BTC has suffered a loss of around 12% in the U.S. session since the start of November, also leading to the Ethereum and Dogecoin crash. 

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    Meanwhile, the EU has had the second-weakest session after the U.S., with Bitcoin dropping around 12% in this session since the start of this month. The Asian session has been the least volatile, with BTC trading sideways, recording a drawdown of only about 2% since the start of November. Ethereum, Dogecoin, and altcoins have also been stable during the Asian trading session. 

    Source: Chart from Crypto Rover on X

    Crypto pundit Bossman also indicated that the U.S. was responsible for most of the sell pressure that is driving the Bitcoin, Ethereum, and Dogecoin crash. In an X post, he noted that every single American session is marked by relentless selling for hours. Meanwhile, the Asians wake up, buy it all back, and then the Americans wake up, and the selling begins again.

    Notably, the Bitcoin, Ethereum, and Dogecoin prices record increased volatility whenever the U.S. stock market opens, with market commentator Zerohedge attributing it to the ‘10 am slam’ by market algos. This indicates that institutional investors are heavily contributing to the market crash. This is evident in the significant outflows recorded by Bitcoin ETFs in recent times. These funds have recorded five daily net outflows over the last seven days, according to SoSoValue data.

    Coinbase BTC Premium Index In The Red

    CoinGlass data shows that the Coinbase Bitcoin premium index is in the red, further confirming that most of the sell pressure driving the BTC, Ethereum, and Dogecoin crash is coming from the U.S. Typically, a negative premium indicates that the BTC price on Coinbase is lower than the average global price, which signals weak demand from U.S. investors. 

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    Crypto researcher Kyle Soska noted that Bitcoin and Ethereum are roughly 10 days into a derisking event by U.S.-based entities, likely a combination of ETF users and large private, ultra-high-net-worth individuals. He further remarked that this places the market near the end of the selling episode based on historical data. 

    Soska opined that the first of a near-term bottom would be a mean reversion of the Coinbase-Binance spot discount from its current level of around -$110 back to a more normal level range of around $40. 

    At the time of writing, the Bitcoin price is trading at around $85,000, down over 6% in the last 24 hours, according to data from CoinMarketCap.

    Bitcoin
    BTC trading at $83,783 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 Mayer Multiple Retraces To Lower Bound—What Comes Next?

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    Data shows the Bitcoin Mayer Multiple has declined to the lower bound of its range recently, which suggests a slowdown in momentum for BTC.

    Bitcoin Mayer Multiple Is Now Retesting Its Lower Bound

    As explained by on-chain analytics firm Glassnode in a new post on X, the Bitcoin Mayer Multiple has retraced to the lower bound of its long-term range. The “Mayer Multiple” refers to an indicator that keeps track of the ratio between the BTC spot price and its 200-day moving average (MA).

    In technical analysis (TA), the 200-day MA is considered as a boundary between macro bullish and bearish trends. Whenever BTC is trading above this line, a bullish bias may be assumed to be in play. Similarly, the asset being under the mark can imply a market downturn.

    Since the Mayer Multiple compares the spot price with this level, it essentially tells us about how far above or below Bitcoin is from the bull-bear boundary. The cryptocurrency gaining a large distance over the 200-day MA may imply it’s becoming overpriced, while it being too far under could increase the chances of a rebound to the upside taking place.

    Now, here is the chart shared by Glassnode that shows how the Bitcoin Mayer Multiple is looking right now:

    As displayed in the above graph, the Bitcoin spot price has broken below the 200-day MA with its recent downtrend, which has resulted in the Mayer Multiple approaching a value of 0.8.

    This 0.8 level happens to be where the indicator’s long-term range has found its lower boundary in the past. The last time the metric fell below this line was during the 2022 bear market.

    “Historically, such compressions have aligned with value-driven phases where price consolidates and demand begins to step in,” noted the analytics firm. It now remains to be seen whether a break below is coming for Bitcoin or not.

    This technical boundary isn’t the only one that BTC is retesting; there are also a couple of important on-chain levels that the cryptocurrency happens to be trading around right now, making the current range a potentially significant one.

    In a post on X, Glassnode senior researcher CryptoVizArt.₿ has shared some of the major on-chain price models.

    Bitcoin On-Chain Levels

    With its drop in the past day, Bitcoin has slipped under the Active Realized Price situated at $88,600, corresponding to the average cost basis of the active market participants.

    The next closest level is the True Market Mean, which is another cost basis model for the BTC network. Currently, this level is located at $82,000. “A breakdown below both Active Investors and the True Market Mean would mark the first major confirmation of a deeper bear trend since May 2022,” explained the Glassnode researcher.

    BTC Price

    At the time of writing, Bitcoin is trading around $87,200, down 13% over the last week.

    Bitcoin Price Chart

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    Keshav Verma

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  • Bitcoin OG Owen Gunden Deposits Final 2,499 BTC ($228M) to Kraken – Details

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    Bitcoin is currently trading below $92,000, and the market is showing clear signs of exhaustion as selling pressure intensifies. Fear has pushed sentiment toward the bearish end of the spectrum, with many analysts now arguing that BTC may be entering a new bear market. The loss of key support levels and the rapid acceleration of downside volatility have only fueled these concerns, especially as short-term holders continue to capitulate at scale.

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    However, not all perspectives are bearish. Some analysts believe that Bitcoin may be forming a local bottom, as the current correction resembles previous mid-cycle retracements seen during strong bull markets. They argue that the broader macro environment remains supportive and that long-term holders have not shown signs of structural weakness. As selling pressure concentrates among weak hands, the possibility of a reversal increases — especially once forced sellers exhaust themselves.

    Adding to the uncertainty, new on-chain data from Lookonchain revealed that Bitcoin OG Owen Gunden just deposited all his remaining 2,499 BTC into Kraken roughly an hour ago. Moves like this often trigger speculation, as exchange deposits from early holders can signal potential selling. Yet historically, similar events have also occurred near cycle bottoms when panic is at its peak.

    A Massive BTC Transfer Sparks Market Speculation

    According to fresh data from Lookonchain, Bitcoin OG Owen Gunden has just deposited his remaining 2,499 BTC (worth $228 million) into Kraken roughly an hour ago. This move has immediately raised questions across the market, as large exchange deposits from early whales often signal potential selling pressure.

    Owen Gunden Bitcoin Transaction | Source: Lookonchain

    What makes this development even more notable is the context: just two weeks ago, Lookonchain reported that Gunden appeared ready to offload his entire 11,000 BTC stash — a position worth over $1.12 billion at the time. Now, with this final deposit, it appears he has officially completed the move.

    For many traders, this confirms that one of the oldest and largest long-term holders has fully exited or is preparing to exit the market. Such whale behavior can amplify fear during corrective phases, especially as Bitcoin continues to struggle below $92K. Moves of this scale not only contribute to short-term volatility but also influence sentiment by signaling that even early accumulators may be reducing exposure.

    However, historically, capitulation events from long-term holders have often coincided with or preceded major turning points. If this massive transfer marks the end of Gunden’s sell-off, the market may soon absorb the pressure — potentially clearing the path for a recovery once the fear subsides.

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    Short-Term Trend Still Under Pressure

    Bitcoin’s 4-hour chart reveals a market that remains firmly under short-term selling pressure, despite occasional relief bounces. The price is struggling to reclaim $92,000, a level that previously acted as support but is now working as resistance. The series of lower highs and lower lows highlights a persistent downtrend that has shaped BTC’s trajectory since early October.

    BTC testing fresh demand level | Source: BTCUSDT chart on TradingView
    BTC testing fresh demand level | Source: BTCUSDT chart on TradingView

    All major moving averages—the 50 SMA, 100 SMA, and 200 SMA—are positioned above current price action and pointing downward. This alignment confirms a clear short-term bearish structure. Each time BTC attempts to recover, it meets strong resistance at these declining MAs, signaling that sellers remain in control. The most recent bounce barely reached the 50 SMA before being rejected again, reinforcing the weakness of buyer momentum.

    Related Reading

    Volume remains elevated on downswings, which indicates that sell-offs continue to be driven by conviction rather than random volatility. Buyers are stepping in around the $89,000–$91,000 zone, but so far, this support has only produced temporary pauses rather than meaningful reversals.

    For a structural shift, BTC would need to reclaim at least the $95,000 area and break above the 100 SMA. Until then, the trend remains tilted toward further downside or continued consolidation near current levels.

    Featured image from ChatGPT, chart from TradingView.com

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    Sebastian Villafuerte

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  • Analyst Claims XRP Price Will Surge To $220 Due To ETFs, But Is This Possible?

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    Crypto analyst Chad Steingraber has sparked both excitement and skepticism in the crypto community with a bold prediction for the XRP price. According to his technical analysis, XRP could surge to an astonishing $220 solely due to the impact of its Exchange-Traded Funds (ETFs). He draws a parallel with Bitcoin’s historic price spike following its spot ETF launch, suggesting that institutional adoption and market enthusiasm could drive a similar meteoric rise for XRP. While the bold claim has caught the interest of market participants, questions remain about whether this projection is realistically achievable. 

    XRP Price To Reach $220 From ETF Influence

    On Wednesday, Steingraber shared his bullish XRP price forecast on X social media, suggesting that the cryptocurrency could experience an explosive surge to $220 depending on the results of its ETFs. He bases this striking prediction on the potential impact of institutional inflows, arguing that the launch of major XRP ETFs could dramatically increase XRP’s demand and price. 

    Related Reading

    Steingraber has based his XRP price projection on Bitcoin’s post-ETF launch performance in 2024. He pointed out that the BTC price roughly doubled in value during the first year after its Spot ETF debut, driven by strong institutional adoption, market enthusiasm, and broader momentum. 

    Using this as a benchmark, the analyst compares both the absolute and percentage gains of Bitcoin to estimate that XRP could experience a similar surge in value. He believes that with the potentially massive inflows set to come from XRP ETFs, the current price of the cryptocurrency could multiply by 100x to reach $220. 

    Steingraber has highlighted the Canary XRP ETF, XRPC, which recorded massive consecutive inflows this month and became one of the most successful ETF launches in 2025, as evidence of growing institutional interest. He described XRPC as a “warning shot,” signaling the arrival of other major players in the market. 

    ETF Inflows To Consume Supply, Amplifying Price Pressure 

    In a separate analysis, Steingraber examined the potential effects of ETF inflows on XRP’s supply and price. He envisioned a scenario where multiple funds collectively acquire over $1 billion worth of XRP in a single day, which is equivalent to more than 229 million XRP. Extending this hypothetical situation, he calculated that weekly ETF activity could absorb over 1.14 billion XRP, while monthly accumulation could exceed 4.58 billion XRP.

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    In about six months, he surmised that ETF demand could theoretically purchase nearly 27.5 billion XRP, an amount large enough to consume a significant portion of the cryptocurrency’s circulating supply. Additionally, Steingraber’s projection highlights the potential structural pressure that institutional ETFs could exert on the altcoin’s price. 

    Even without price appreciation, the analyst suggests that the scale of potential ETF inflows could create supply constraints that could drive upward momentum. Additionally, he predicts that the collective ETFs could drain the entire public supply within one year.

    XRP trading at $2.11 on the 1D chart | Source: XRPUSDT on Tradingview.com

    Featured image from iStock, chart from Tradingview.com

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    Scott Matherson

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  • Analyst: Bitcoin Is Repeating the Pattern Behind S&P’s 200% Rally

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    Analyst compares BTC’s “flat correction” and deep drawdown to the S&P’s 61% crash before its explosive bull run.

    A crypto analyst has suggested that Bitcoin (BTC) is tracing a historic pattern last seen in the S&P 500 before a massive 200% jump.

    This comparison points to a potential, though not yet certain, launch into a period of exponential growth for the world’s leading cryptocurrency.

    A Historical Blueprint for a Bull Run

    In a detailed analysis, CrediBULL Crypto drew parallels between Bitcoin’s current price action and the S&P 500’s behavior between 2000 and 2008. The expert noted that both markets experienced mid-cycle tops characterized by extended periods of consolidation without a dramatic peak, called “flat corrections,” before starting the next major upward move.

    Following these phases, the S&P 500 suffered a 61% drop, while Bitcoin saw a 76% decline, before each started its final, explosive rally. CrediBULL now says that BTC is at a stage similar to where the S&P 500 was just before it went parabolic, which was followed by a 200% price increase.

    “On the SPX, just before we went parabolic, we saw a 37% correction to the downside. Which was immediately followed by new ATH and a 200+% rally off the lows to where we are today,” wrote the technician.

    This optimistic outlook is coming at a time when the OG crypto is trying to find stability, currently trading around $92,000 after a difficult month that saw it fall over 14%. The comparison offers a counter-narrative to the bearish sentiment prevailing in the market, suggesting the recent downturn may be a typical, though sharp, correction within a larger bull cycle rather than its end.

    CrediBULL insisted that a break of a short-term ascending trend line does not signify a breakdown in overall market structure, cautioning that traders who exited the S&P 500 on a similar technical break missed the huge rally that followed.

    For Bitcoin, the trader highlighted $74,000 as the line that truly matters, telling one follower that the “trend line isn’t relevant – 74k is.” Until then, they see BTC “hugging” its main trendline rather than starting the vertical part of the move.

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    Market Sentiment and Diverging Views

    The analyst community is divided on BTC’s immediate future. While the historical pattern offers a hopeful framework, other experts have pointed to lingering headwinds. One of them, Axel Bitblaze, observed that Bitcoin’s recent decline is quite similar to a pattern from early 2025, which ended in a final sharp shakeout. According to him, rising Japanese bond yields and liquidity issues at smaller U.S. banks could serve as potential catalysts for another downturn.

    The market is also witnessing a flight of retail investors, with data from November 19 showing that small Bitcoin, Ethereum, and XRP wallets have been reducing their holdings, a behavior that, ironically, has often happened just before market recoveries.

    Ultimately, the debate centers on whether Bitcoin is completing a final bearish shakeout or is on the cusp of a historic breakout. CrediBULL argues that the cryptocurrency, being a younger and faster-moving asset, could replicate the S&P’s parabolic move in a much shorter timeframe.

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  • CEO Cuts Cardano Founder’s Bitcoin Price Forecast, Warns Bear Market Just Starting

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    Cardano (ADA) founder Charles Hoskinson previously projected that the Bitcoin price could reach an impressive price of $250,000 as early as this year. This bold forecast, made in April, came at a time when Bitcoin was trading at $77,000 after achieving a record high of $109,000 in January. 

    Hoskinson’s Optimistic Bitcoin Price Forecast

    Hoskinson’s optimism was based on his belief that international negotiations, particularly between the US and China, would favor Bitcoin’s growth. 

    The Cardano founder suggested that easing tariffs would lead to a positive market reaction and bolster adoption, particularly with the anticipated passage of the GENIUS Act, which was signed into law by President Trump a few months later.

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    However, the current market realities have raised doubts about Hoskinson’s prediction. Since then, Bitcoin has experienced significant fluctuations, briefly regaining momentum to reach $126,000 mid-October, only to see the broader crypto market subsequently shed over $1 trillion in total market cap. 

    This downturn has largely been attributed to persistent selling pressure by concerned investors, and substantial outflows from the Bitcoin exchange-traded fund (ETF) sector, with nearly $2 billion sold over since October.

    As it stands, Bitcoin is trading at approximately $89,300, marking a nearly 30% decline from its recently achieved all-time highs. In light of this, Jacob King, CEO of Swandesk, publicly dismissed Hoskinson’s $250,000 price target, characterizing it as unrealistic. 

    The daily chart shows BTC’s retrace below the key $90,000 mark. Source: BTCUSDT on TradingView.com

    Is Bitcoin In A New Bear Market Cycle?

    In a post on social media platform X (formerly Twitter), King stated that such lofty price predictions are “pulled out of thin air” and reflect a market still grappling with “delusions.” King elaborated on his viewpoint, suggesting that the industry is in the early stages of a new bear market cycle. 

    He is not alone in this assessment. Market expert Lark Davis recently noted that, based on the classic four-year Bitcoin price cycle, the cryptocurrency has officially entered bear market territory. 

    Bitcoin price
    BTC entering bear territory based on past cycle performances. Source: Lark Davis on X

    Davis commented that this scenario leaves two possibilities: either the established four-year cycle is no longer relevant, or the market has indeed shifted into a bearish phase. Given the current macroeconomic backdrop, he leans toward the latter interpretation.

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    Additionally, others in the market have echoed these bearish sentiments. An analyst known as Mr. Wall Street has recently speculated that the Bitcoin price peaked at $126,000. 

    The analyst believes that this may mark the zenith for this cycle, predicting that the Bitcoin price could next face significant downward pressure, potentially slipping to a range between $74,000 and $82,000. He further forecasts a possible decline to levels between $54,000 and $60,000 by the fourth quarter of 2026.

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

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  • New Hampshire Approves First Municipal Bond Backed by Bitcoin

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    The bond lets companies borrow against Bitcoin held by a private custodian, unlocking capital without selling crypto or triggering taxes.

    The state of New Hampshire has approved the first municipal debt instrument in the United States to be backed by Bitcoin (BTC).

    Industry observers believe the move could open the door for digital assets to enter the global debt market, which is valued at about $140 trillion.

    $100M Bitcoin-Backed Financing

    According to journalist Eleanor Terret, the state’s Business Finance Authority (BFA) greenlighted a $100 million BTC-secured bond on Monday. The initiative allows companies to borrow money using over-collateralized BTC held by a private custodian. The security is also structured as a conduit, meaning it does not rely on taxpayer money or carry any state financial guarantees.

    Designed by Wave Digital Assets and Rosemawr Management, the offering requires borrowers to post roughly 160% of its value in the flagship cryptocurrency as collateral. A safeguard has also been put in place to protect investors should the price fall below 130%.

    This allows participants to unlock capital without selling their cryptocurrency or creating a taxable event. Meanwhile, the transaction fees and earnings will be used to support the area’s Bitcoin Economic Development Fund.

    The move comes just months after New Hampshire became the first state to allow its treasury to invest up to 5% of public funds in digital assets. Governor Kelly Ayotte, who signed the bill into law in May, said, “I am proud that New Hampshire is once again first in the nation to embrace new technologies with this historic Bitcoin-backed bond.”

    Les Borsai, co-founder of Wave, said that their goal was to bridge traditional fixed income with digital assets in a way that is fully institutional, fully compliant, and globally scalable.  Furthermore, Republican legislator Keith Ammon, who introduced the Granite State’s Strategic Bitcoin Reserve bill, described the initiative as a test for using the asset as high-quality collateral in government finance.

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    Bitcoin Bond Could Tap $140 Trillion Debt Market

    The approval of this crypto-backed note has wider implications for the global debt market, valued at roughly $140 trillion, with the U.S. making up around $58.2 trillion of this.

    Digital asset-backed lending has existed in private markets for years, but never in U.S. municipal finance. Les Borsai explained that the development shows how public and private sectors can responsibly unlock the value of cryptocurrencies.

    Currently, many crypto reserves sit idle, but this structure shows how they can generate yield, support loans, and fund economic projects.

    By creating a regulated framework for using digital reserves as collateral, New Hampshire’s model could provide a blueprint for other regions and further encourage institutional investors to explore these financing instruments.

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  • Analyst Sees Ethereum Outperforming Bitcoin to New ATH First

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    ETH/BTC is holding local support with “untapped liquidity” to the upside, suggesting stronger upside potential for Ethereum than Bitcoin.

    A crypto commentator is making the case that Ethereum (ETH) is positioned to outperform Bitcoin (BTC) and reclaim its all-time high (ATH) before the market leader does.

    This view has emerged as both digital assets test crucial support levels following a sharp market-wide correction.

    Technical Rationale

    In a series of posts on X, analyst CrediBULL Crypto laid out a detailed argument for ETH’s potential outperformance. They suggested that Ethereum could find a market bottom shortly and then initiate a more powerful upward move than BTC.

    This assessment points to two key chart observations: the ETH/BTC trading pair is holding local support with significant “untapped liquidity” to the upside, and individual Ethereum charts are showing a more favorable liquidity setup compared to Bitcoin.

    “Combining these two, we can conclude that if we are to bottom here soon, then it’s more likely that ETH hits a new ATH before $BTC,” wrote the trader.

    However, according to CrediBULL, many traders are dismissing this possibility due to an inability to analyze charts properly or because prevailing negative sentiment has clouded their judgment.

    Supporting the idea of a potential market turnaround, fellow expert Michaël van de Poppe noted that the Crypto Fear & Greed Index recently hit its lowest point in nine months, signaling extreme fear. Based on historical data, such sentiment often comes right before a rebound.

    Additionally, Van de Poppe confirmed that a key CME gap for Bitcoin, around $91,500, has been filled. From a technical perspective, the analyst highlighted that the gap between Bitcoin’s price and its 20-day moving average is quite large, which also usually precedes a bounce. As such, he anticipates a consolidation period before a continuation upward.

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    Pressures Affecting ETH and BTC

    Looking at the markets, Bitcoin is currently trading around $93,000, down some 11% for the week. Meanwhile, ETH has faced even greater pressure, changing hands near $3,150 after a 12% drop in the last seven days.

    Different forces appear to drive this sell-off for each asset. For Ethereum, on-chain data reveals substantial selling from major holders, with a November 18 report showing that wallets holding 1,000 to 10,000 ETH sold approximately 230,000 coins over the past week, coinciding with the price fall from around $3,600 to just over $3,200.

    Furthermore, a lack of new investors may be slowing momentum. An analysis from CryptoQuant indicates that new depositor activity on the Ethereum network has remained flat, even during its recent test of the $4,000-$5,000 range. This suggests the rally was fragile, likely driven by internal liquidity rather than new external demand.

    At the same time, for BTC, the price difference between Coinbase Pro and Binance, known as the Coinbase Premium Gap, has fallen to -$90, near its lowest level this year. This indicates that retail traders on Binance are currently dominating the market, while institutional investors on Coinbase are inactive or selling. Such a shift often leads to increased volatility and selling pressure until larger buyers return.

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  • Asian shares sink, tracking a tech-led sell-off on Wall Street

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    BANGKOK (AP) — Asian shares tumbled on Tuesday, with benchmarks in Tokyo and Seoul sinking more than 3%, after Nvidia and other artificial-intelligence -related shares pulled U.S. stocks lower.

    U.S. futures dropped, with the contract for the S&P 500 down 0.6% while the future for the Dow Jones Industrial Average was down 0.4%.

    Computer chip giant Nvidia, at the center of the craze over AI, is due to report its earnings on Wednesday. Worries that stock prices of such companies have shot too high have roiled world markets recently, with big swings in places that rely heavily on trade in computer chips such as South Korea and Taiwan.

    Also hanging over the markets is the release due Thursday of U.S. employment data that was delayed by the prolonged government shutdown.

    Regional markets felt a chill after the yield on 30-year Japanese government bonds surged to 3.31%, reflecting rising risks as Prime Minister Sanae Takaichi prepares to boost government spending and push back the timetable for bringing down Japan’s huge national debt.

    The yen was trading above 155 to the U.S. dollar, near its highest level since February. On Monday, the yen fell to its lowest level against the euro since 1999, when the unified European currency was launched.

    Tokyo’s Nikkei 225 was down 3% at 48,835.20 by midday, with selling of tech shares leading the decline. Chip maker Tokyo Electron shed 5.4%, while equipment maker Advantest dropped 4.6%.

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    In Seoul, the Kospi fell 3.1% to 3,960.82. Samsung Electronics dropped 2.9%, while chip maker SK Hynix shed 5.7%.

    In Taiwan, the Taiex fell 2.3% as TSMC, the world’s largest contract chip manufacturer, declined 2.4%.

    Chinese markets were not immune from heavy selling.

    Hong Kong’s Hang Seng declined 1.5% to 25,997.20, while the Shanghai Composite index slipped 0.6% to 3,949.83.

    In Australia, the S&P/ASX 200 gave up 2.1% to 8,452.50.

    On Monday, the S&P 500 fell 0.9% to 6,672.41, pulling further from its all-time high set late last month. The Dow industrials dropped 1.2% to 46,590.24, while the Nasdaq composite sank 0.8% to 22,708.07.

    Nvidia dropped 1.8%, though it is still up nearly 40% this year. Losses for other AI winners included a 6.4% slide for Super Micro Computer.

    Other areas of the market that had been high-momentum winners also sank. Bitcoin extended its decline, dragging down Coinbase Global by 7.1% and Robinhood Markets by 5.3%. Early Tuesday, it was down 2% at $90,110.

    Critics have been warning that the U.S. stock market could be primed for a drop because of how high prices have shot since April, leaving them looking too expensive.

    However, Alphabet gained 3.1% after Berkshire Hathaway said it has built a $4.34 billion ownership stake in Google’s parent company. Berkshire Hathaway, run by famed investor Warren Buffett, is notorious for trying to buy stocks only when they look like good values while avoiding anything that looks too expensive.

    Another source of potential disappointment for Wall Street is what the Federal Reserve does with interest rates. The expectation had been that the Fed would keep cutting interest rates in hopes of shoring up the slowing job market.

    But the downside of lower interest rates is that they can make inflation worse, and inflation has stubbornly remained above the Fed’s 2% target.

    Fed officials have also pointed to the U.S. government’s shutdown, which delayed the release of updates on the job market and other signals about the economy. With less information and less certainty about how things are going, some Fed officials have suggested it may be better to wait in December to get more clarity.

    A strong jobs report on Thursday would likely stay the Fed’s hand on rate cuts, while figures that are very weak would raise worries about the economy.

    In other dealings early Tuesday, U.S. benchmark crude oil lost 42 cents to $59.49 per barrel. Brent crude, the international standard, gave up 43 cents to $63.77 per barrel.

    The dollar fell to 155.08 Japanese yen from 155.26 yen. The euro rose to $1.1600 from $1.1593.

    ___

    AP Business Writers Stan Choe and Matt Ott contributed.

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  • Stocks and bitcoin slide as nerves fray ahead of Nvidia earnings

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    Wall Street kicked off the week on a sour note, with stocks and bitcoin tumbling as a risk-off attitude spread through markets.The Dow closed lower by 557 points, or 1.18%. The broader S&P 500 fell 0.92%. The Nasdaq Composite fell 0.84%.Video above: Lawmakers try to crack down on scams using crypto ATMs with new billWall Street’s fear gauge, the VIX, jumped 13%. CNN’s Fear and Greed index traded in “extreme fear” and hit its lowest level since early April.Stocks fell on Monday as investors’ nerves intensified ahead of two key events this week: Nvidia (NVDA), the star of the artificial intelligence boom, is set to report earnings on Wednesday. And on Thursday, the September jobs report — long delayed because of the government shutdown — is set to be released.These two events will provide more insight about the issues that are “top of mind” for Wall Street, according to José Torres, senior economist at Interactive Brokers.Tech stocks have come under pressure this month as concerns linger about expensive valuations and enormous spending plans by big tech companies. The tech-heavy Nasdaq is down almost 5.5% since hitting a record high in late October.Investors are trying to discern whether the AI trade is on stable foundations, and whether the Federal Reserve will pause its interest rate-cutting cycle at its policy meeting in December.Meanwhile, bitcoin plunged on Monday to below $90,000 for the first time in seven months, erasing its gains for this year. The cryptocurrency has tanked more than 28% in just six weeks after it hit a record high above $126,000 in early October.Video below: Best Money Moves to Make Right Now in a Volatile Economy | Expert Financial AdviceTech and crypto-related stocks led the S&P 500 lower on Monday. Coinbase (COIN), a crypto exchange, fell 7%.The S&P 500 and Nasdaq on Monday dipped below their 50-day moving averages, according to FactSet. The 50-day moving average is a key threshold of support.”While the long-term uptrend is intact, we believe a corrective pullback/consolidation phase is already underway after the market’s six-month winning streak,” Craig Johnson, chief market technician at Piper Sandler, said in a note.Stocks are coming off a volatile week. Tech stocks took a bruising last week before investors swooped in on Friday to buy the dip.Investors this week are gearing up for a potential market-moving event with Nvidia’s earnings. The chipmaker accounts for roughly 8% of the S&P 500’s market value. Nvidia shares fell 1.83% on Monday, weighing on the broader market.”The monthly jobs report would normally dominate this week’s economic calendar, but with the AI trade struggling the past couple of weeks, Nvidia’s earnings are once again looking like a key piece of the market’s momentum puzzle,” Chris Larkin, managing director at Morgan Stanley’s E-Trade, said in an email.The recent stock market rally is also being tested as investors adjust to the prospect that the Fed might pause its interest rate-cutting cycle at its policy meeting next month. Traders are pricing in a 45% chance that the Fed cuts rates in December, according to CME FedWatch. That’s down from a 94% chance one month ago.Stocks have rallied on optimism about Fed rate cuts. Nerves are mounting that the central bank may prioritize concerns about stubborn inflation.”Data releases starting this week should provide a clearer picture for one of the key risks over the coming weeks — the December Fed meeting,” Mohit Kumar, chief strategist and economist for Europe at Jefferies, said in a note.Investors this month have also rotated out of high-flying tech stocks and moved into sectors that have lagged behind and look relatively affordable.”This rotation is both expected and welcome, as it should unwind some of the frothiness … and allow this bull market the opportunity to catch its breath before resuming its advance,” Sam Stovall, chief investment strategist at CFRA Research, said in a note.

    CNN —

    Wall Street kicked off the week on a sour note, with stocks and bitcoin tumbling as a risk-off attitude spread through markets.

    The Dow closed lower by 557 points, or 1.18%. The broader S&P 500 fell 0.92%. The Nasdaq Composite fell 0.84%.

    Video above: Lawmakers try to crack down on scams using crypto ATMs with new bill

    Wall Street’s fear gauge, the VIX, jumped 13%. CNN’s Fear and Greed index traded in “extreme fear” and hit its lowest level since early April.

    Stocks fell on Monday as investors’ nerves intensified ahead of two key events this week: Nvidia (NVDA), the star of the artificial intelligence boom, is set to report earnings on Wednesday. And on Thursday, the September jobs report — long delayed because of the government shutdown — is set to be released.

    These two events will provide more insight about the issues that are “top of mind” for Wall Street, according to José Torres, senior economist at Interactive Brokers.

    Tech stocks have come under pressure this month as concerns linger about expensive valuations and enormous spending plans by big tech companies. The tech-heavy Nasdaq is down almost 5.5% since hitting a record high in late October.

    Investors are trying to discern whether the AI trade is on stable foundations, and whether the Federal Reserve will pause its interest rate-cutting cycle at its policy meeting in December.

    Meanwhile, bitcoin plunged on Monday to below $90,000 for the first time in seven months, erasing its gains for this year. The cryptocurrency has tanked more than 28% in just six weeks after it hit a record high above $126,000 in early October.

    Video below: Best Money Moves to Make Right Now in a Volatile Economy | Expert Financial Advice

    Tech and crypto-related stocks led the S&P 500 lower on Monday. Coinbase (COIN), a crypto exchange, fell 7%.

    The S&P 500 and Nasdaq on Monday dipped below their 50-day moving averages, according to FactSet. The 50-day moving average is a key threshold of support.

    “While the long-term uptrend is intact, we believe a corrective pullback/consolidation phase is already underway after the market’s six-month winning streak,” Craig Johnson, chief market technician at Piper Sandler, said in a note.

    Stocks are coming off a volatile week. Tech stocks took a bruising last week before investors swooped in on Friday to buy the dip.

    Investors this week are gearing up for a potential market-moving event with Nvidia’s earnings. The chipmaker accounts for roughly 8% of the S&P 500’s market value. Nvidia shares fell 1.83% on Monday, weighing on the broader market.

    “The monthly jobs report would normally dominate this week’s economic calendar, but with the AI trade struggling the past couple of weeks, Nvidia’s earnings are once again looking like a key piece of the market’s momentum puzzle,” Chris Larkin, managing director at Morgan Stanley’s E-Trade, said in an email.

    The recent stock market rally is also being tested as investors adjust to the prospect that the Fed might pause its interest rate-cutting cycle at its policy meeting next month. Traders are pricing in a 45% chance that the Fed cuts rates in December, according to CME FedWatch. That’s down from a 94% chance one month ago.

    Stocks have rallied on optimism about Fed rate cuts. Nerves are mounting that the central bank may prioritize concerns about stubborn inflation.

    “Data releases starting this week should provide a clearer picture for one of the key risks over the coming weeks — the December Fed meeting,” Mohit Kumar, chief strategist and economist for Europe at Jefferies, said in a note.

    Investors this month have also rotated out of high-flying tech stocks and moved into sectors that have lagged behind and look relatively affordable.

    “This rotation is both expected and welcome, as it should unwind some of the frothiness … and allow this bull market the opportunity to catch its breath before resuming its advance,” Sam Stovall, chief investment strategist at CFRA Research, said in a note.

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  • Crypto Carnage Continues — Tom Lee Exposes What’s Really Going On

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    The global crypto market pulled back to about $3.23 trillion on Monday, down close to a percent from recent levels, and signs of weakness were visible across most top tokens.

    Related Reading

    According to market trackers, investor mood is chilled — the Fear and Greed Index sits at 18, labeled extreme fear — and the average Relative Strength Index for major coins hovers near 41, a reading that leans toward oversold conditions.

    Bitcoin was trading around $95,400 while Ethereum hovered near $3,155, with many large-cap assets showing only small daily moves.

    Source: Alternative.me

    Tom Lee Issues Long-Term Take

    According to Tom Lee, BitMine chairman and an early Bitcoin bull at Fundstrat, the current pullback does not wipe out the potential for much larger gains down the road.

    Lee noted that Bitcoin rose roughly 100x from his first recommendation back in 2017, when the price was near $1,000, and he suggested Ethereum may be at the start of a similar long-term run.

    He cautioned that investors who benefited from past rallies had to endure extreme drops — some as deep as 75% — and said present volatility could be the market “discounting a massive future.”

    Short-Term Signals Point To Oversold Conditions

    Market technicians and on-chain analysts are pointing to clear short-term stress. The Fear and Greed Index at 18 is one headline figure. Average RSI readings near 41 imply more selling than buying momentum right now.

    Based on reports from CryptoQuant, Ether trading around $3,150 sits roughly $200 above the mean cost basis held by long-term accumulators — a level that could act as support if those holders remain patient.

    Bitcoin, by comparison, has pulled back about 20% from its recent peak, while Ethereum has fallen more than 30% from its high.

    Ether Holder Levels Close To Historic Peaks

    Ethereum’s path this year diverged from Bitcoin for a while: ETH topped out at $4,940 in August, while Bitcoin pushed to a peak above $126,000 in October.

    That gap left Ether lagging for months even as Bitcoin made fresh highs. Now, with ETH nearer to where long-term holders bought in, some analysts see a potential floor forming.

    BTCUSD now trading at $95,592. Chart: TradingView

    Reports have disclosed that these accumulators have been “patiently stacking,” and their cost positions matter for near-term price action.

    Altcoins Show Little Momentum

    Smaller large-cap coins are holding weaker ground. XRP was trading near $2.20, BNB around $932 and Solana close to $138, with most of last week’s gains fading.

    Other popular tokens — Tron, Dogecoin, Cardano, Chainlink, Hyperliquid and Zcash — are under light selling pressure and low net movement, suggesting market-wide caution rather than a single-asset sell-off.

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    Bigger Players, Liquidations And The Outlook

    Lee added that he expects signs of recovery and stability within six to eight weeks. He advised against using borrowed funds now, warning that forced sell-offs can accelerate losses.

    According to his remarks, aggressive positions designed to trigger liquidations by large firms can amplify price swings. He cautioned that some of the sharper moves may be tied to stress among big market makers.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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  • Inside a Wild Bitcoin Heist: Five-Star Hotels, Cash-Stuffed Envelopes, and Vanishing Funds

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    As Kent Halliburton stood in a bathroom at the Rosewood Hotel in central Amsterdam, thousands of miles from home, running his fingers through an envelope filled with €10,000 in crisp banknotes, he started to wonder what he had gotten himself into.

    Halliburton is the cofounder and CEO of Sazmining, a company that operates bitcoin mining hardware on behalf of clients—a model known as “mining-as-a-service.” Halliburton is based in Peru, but Sazmining runs mining hardware out of third-party data centers across Norway, Paraguay, Ethiopia, and the United States.

    As Halliburton tells it, he had flown to Amsterdam the previous day, August 5, to meet Even and Maxim, two representatives of a wealthy Monaco-based family. The family office had offered to purchase hundreds of bitcoin mining rigs from Sazmining—around $4 million worth—which the company would install at a facility currently under construction in Ethiopia. Before finalizing the deal, the family office had asked to meet Halliburton in person.

    When Halliburton arrived at the Rosewood Hotel, he found Even and Maxim perched in a booth. They struck him as playboy, high-roller types—particularly Maxim, who wore a tan three-piece suit and had a highly manicured look, his long dark hair parted down the middle. A Rolex protruded from the cuff of his sleeve.

    Over a three-course lunch—ceviche with a roe garnish, Chilean sea bass, and cherry cake—they discussed the contours of the deal and traded details about their respective backgrounds. Even was talkative and jocular, telling stories about blowout parties in Marrakech. Maxim was aloof; he mostly stared at Halliburton, holding his gaze for long periods at a time as though sizing him up.

    As a relationship-building exercise, Even proposed that Halliburton sell the family office around $3,000 in bitcoin. Halliburton was initially hesitant, but chalked it up as a peculiar dating ritual. One of the guys slid Halliburton the cash-filled envelope and told him to go to the bathroom, where he could count out the amount in private. “It felt like something out of a James Bond movie,” says Halliburton. “It was all very exotic to me.”

    Halliburton left in a taxi, somewhat bemused by the encounter, but otherwise hopeful of closing the deal with the family office. For Sazmining, a small company with around 15 employees, it promised to be transformative.

    Less than two weeks later, Halliburton had lost more than $200,000 worth of bitcoin to Even and Maxim. He didn’t know whether Sazmining could survive the blow, nor how the scammers had ensnared him.

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    Joel Khalili

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  • Wall Street scrambles back from a big morning loss as Nvidia and bitcoin swing

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    NEW YORK (AP) — An early swoon shook the U.S. stock market on Friday, as Nvidia, bitcoin, gold and other high flyers swung on an increasingly antsy Wall Street, but it quickly calmed.

    After starting the day with a sharp drop of 1.3%, the S&P 500 erased all of it and then meandered up and down before finishing with a slight dip of 0.1%. The Nasdaq composite flipped to a gain of 0.1%, while the Dow Jones Industrial Average trimmed its loss to 309 points, or 0.7%, after earlier being down nearly 600.

    Options traders Steven Rodriguez, left, and Scott Frenzy work on the floor of the New York Stock Exchange, Friday, Nov. 14, 2025. (AP Photo/Richard Drew)

    AI stocks were again at the center of the action, a day after dragging Wall Street to one of its worst drops since its springtime sell-off. Nvidia, which has become the poster child of the frenzy around artificial-intelligence technology, began the day with a loss of 3.4%. It then stormed back to a rise of 1.8% and yanked the market in its wake.

    Critics have been warning that the U.S. stock market could be primed for a drop because of how high prices have shot since April, leaving them looking too expensive. They pointed in particular to stocks swept up in the AI mania. Nvidia’s stock has more than doubled in four of the last five years, for example, and the chip company is still up more than 40% for this year so far.

    AP AUDIO: Wall Street erases a big early loss as Nvidia and bitcoin swing

    Nvidia and other Big Tech companies are lifting Wall Street. We hear more from AP business correspondent Seth Sutel.

    Even with sharp swings for the S&P 500 the last couple of weeks, the index that dictates the movements for many 401(k) accounts remains within 2.3% of its record set late last month.

    “Occasional market drops are the price of the ticket for the ride,” said Brian Jacobsen, chief economist at Annex Wealth Management.

    Outside of tech, Walmart edged down 0.1% after saying CEO Doug McMillon will retire in January in a surprise move. It had been down as much as 3.6% in the morning. McMillon helped the retailer embrace technology more.

    All told, the S&P 500 fell 3.38 points to 6,734.11. The Dow Jones Industrial Average dropped 309.74 to 47,147.48, and the Nasdaq composite rose 30.23 to 22,900.59.

    One way companies can tamp down criticism about too-high stock prices is to deliver solid growth in profits. That’s raising the stakes for Nvidia’s profit report coming Wednesday, when it will say how much it earned during the summer.

    Options trader Anthony Spina works on the floor of the New York Stock Exchange, Friday, Nov. 14, 2025. (AP Photo/Richard Drew)

    Options trader Anthony Spina works on the floor of the New York Stock Exchange, Friday, Nov. 14, 2025. (AP Photo/Richard Drew)

    If it falls short of analysts’ expectations, more drops could be on the way. That would have a big effect on the market because Nvidia has grown to become Wall Street’s largest stock by value. That gives Nvidia’s stock movements a bigger effect on the S&P 500 than any other’s, and it can almost single-handedly steer the index’s direction on any given day.

    Another way for stock prices broadly to look less expensive is if interest rates fall. That’s because bonds paying less in interest can make investors willing to pay higher prices for stocks and other kinds of investments.

    Treasury yields had been falling for most of this year on expectations that the Federal Reserve would cut its main interest rate several times. And the Fed has indeed cut twice already in hopes of shoring up the slowing job market.

    But questions are rising about whether a third cut will actually come after the Fed’s next meeting in December, something that traders had earlier seen as very likely. The downside of lower interest rates is that they can make inflation worse, and inflation has stubbornly remained above the Fed’s 2% target.

    Fed officials have pointed to the U.S. government’s shutdown, which delayed the release of updates on the job market and other signals about the economy. With less information and less certainty about how things are going, some Fed officials have suggested it may be better just to wait in December to get more clarity.

    In the bond market, the yield on the 10-year Treasury rose to 4.14% from 4.11% late Thursday.

    Specialist Anthony Matesic works on the floor of the New York Stock Exchange, Friday, Nov. 14, 2025. (AP Photo/Richard Drew)

    Specialist Anthony Matesic works on the floor of the New York Stock Exchange, Friday, Nov. 14, 2025. (AP Photo/Richard Drew)

    Bitcoin is one of the investments that can get a boost from lower interest rates. It fell below $95,000, back to where it was in May. It had been near $125,000 only in October.

    The price of gold, meanwhile, sank 2.4%. It shot to records throughout the year as investors looked for something that could protect from high inflation and big debt loads built by the U.S. and other governments worldwide. But interest rates staying higher can hurt gold, which pays its investors nothing in interest or dividends.

    In stock markets abroad, indexes dropped across Europe and Asia. South Korea’s Kospi fell 3.8% for one of the world’s largest losses.

    London’s FTSE 100 sank 1.1% amid speculation the U.K. government may ditch plans to raise income taxes, which would have helped chip away at its debt.

    ___

    AP Writer Teresa Cerojano contributed.

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  • From Dotcom To Crypto: Veteran Analyst Says The Bull Run Isn’t Over

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    According to market reports, Bitcoin fell sharply this week and pushed the Crypto Fear & Greed Index down to 10, a level tied to extreme fear.

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    Investors and traders are asking whether this marks the bottom of the cycle or just another step lower in a run that has already seen a 25% correction.

    Extreme Fear Hits Crypto Markets

    Retail panic has been clear. Funding rates on some derivatives desks have turned negative, and newer entrants to the market are showing signs of stress.

    Based on reports, large parts of the investor base are worried. That worry is visible in price action and in sentiment gauges that sit at the lower end of their historical ranges.

    Some traders are posting bearish calls for attention. Others are quietly adding to positions.

    Veteran Analysts Push Back

    Ran Neuner, known for his market commentary and social media presence, pushed back against the idea that the pullback signals the end of the bull run.

    He pointed to past market cycles — 2001, 2008, 2017 and 2021 — and argued that bull markets usually end only after a real system failure or a collapse of belief.

    He used a blunt line on social media: “BULL MARKETS DON’T END LIKE THIS!”

    Neuner stressed that in previous eras, people either stopped trusting the entire sector or the financial system itself broke down. He said neither has happened now.

    BTCUSD currently trading at $95,353. Chart: TradingView

    CZ Tells Investors Not To Panic

    Changpeng Zhao, CEO of Binance, told investors that heavy reactions to dips are part of the trading rhythm.

    “Every dip, some people think it’s the end of time. Time continues,” he said, trying to calm jittery holders and traders.

    That sentiment has been echoed by other market figures who argue that corrections can be steep but still sit inside a longer, upward trend.

    No Major Systemic Break Found

    Reports have disclosed that some signs commonly tied to market endings are absent. Governments are reported to be exploring or adopting Bitcoin in various ways, and blockchains are being integrated by institutions in pilot projects, industry observers say.

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    Global stock markets remain near record highs and liquidity conditions are described by some commentators as supportive.

    One analyst even claimed that central banks cannot tighten further right now. Those are strong claims and they are not universally accepted, but they form the backbone of the bullish counterargument.

    At the time of writing, Bitcoin was trading at $95,301, down 6% in the last seven days, data from Coingecko shows.

    Featured image from Unsplash, chart from TradingView

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    Christian Encila

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