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Tag: Bitcoin

  • Why Gold and Bitcoin Are Breaking Records

    Want more stock market and economic analysis from Phil Rosen directly in your inbox? Subscribe to Opening Bell Daily’s newsletter. 

    Gold and bitcoin have notched banner years, and this week both assets touched new all-time highs. 

    Gold breached $4,000 for the first time ever, while its digital counterpart moved above $126,000. They have climbed 51% and 31% in 2025, respectively.

    Both are the two top-performing assets of the year, and as Charlie Bilello of Creative Planning noted, gold and bitcoin have never finished as the first- and second-best performing spots for any calendar year.

    It’s no coincidence that just a week ago JPMorgan strategists crowned the arrival of the “debasement trade.” 

    Investors and institutions, they said, are increasingly seeking out hard assets that won’t depreciate in the face of rising government debt, inflation, geopolitical uncertainty, and “waning confidence in fiat currencies.” 

    As I’ve reported for Opening Bell Daily, investors have been seeking out ways to protect their purchasing power and outrun inflation.  

    Equity investors have been able to stave off inflation, but when you denominate the returns of the stock market in bitcoin or gold, rather than US dollars, the returns are not as attractive. 

    As the charts illustrate, gold has appreciated more than 150% since 2020, while the US dollar has lost more than 20% of its purchasing power. 

    Bitcoin, meanwhile, has gained roughly 1,000% in the same period.

    Buying into gold and bitcoin are as much a bet on those assets maintaining their value as it is an expectation for the US dollar to depreciate over time.

    Indeed, structural forces around the world look poised to push more capital into hard assets and out of fiat currencies, pushing their prices in opposite directions. 
    “Investors are scared that governments around the world have created too much debt, therefore nation states and central banks have to debase their currency in order to avoid default,” investor Anthony Pompliano wrote in a note Monday. “Holding dollars will be a losing strategy in this scenario.”

    Phil Rosen

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  • Bitcoin Plummets To $120,600: This Could Be The Next Support

    Bitcoin has seen a pullback below the $121,000 mark in the past day. Here’s where the next support level could lie, according to on-chain data.

    Bitcoin Has Witnessed A Fast Plunge During The Last 24 Hours

    Bitcoin looked to be entering into an extended all-time high (ATH) exploration mode as it set multiple new records over the weekend and Monday, but the market has been delivered a Tuesday shock as the cryptocurrency has seen a quick crash back below $121,000.

    Compared to the new ATH around $126,200, Bitcoin is now down more than 4%. The altcoins have also taken a hit during the past day, with many top coins even printing returns worse than the number one digital asset. 24-hour losses stand at 5% for Ethereum and 6% for XRP. BNB is the only cryptocurrency among the large caps that has managed a positive return of 5%.

    With Bitcoin now sliding down, one question naturally arises: how much lower can the asset go? While markets are unpredictable, there can still be some factors worth keeping an eye on. One such factor may be on-chain support clusters.

    BTC CBD Shows Support Cluster Around $117,000

    In a new post on X, on-chain analytics firm Glassnode has talked about how the Cost Basis Distribution (CBD) is looking for Bitcoin. The CBD is an indictor that tells us about how many tokens of the cryptocurrency were last acquired at the various spot price levels.

    Below is the chart for the metric shared by Glassnode.

    Bitcoin CBD

    As displayed in the above graph, the $120,000 to $121,000 range, which the cryptocurrency is retesting right now, carries the cost basis of a thin amount of supply.

    In on-chain analysis, investor cost basis is considered an important topic because holders tend to react in a special manner whenever their break-even level is retested. The more supply that was last purchased at a particular level, the stronger is the market’s reaction to a retest.

    When investors face a retest of their profit-loss boundary from the above, they may decide to buy more, believing the drawdown to be a “dip” or for simply defending their cost basis.

    Given that the current range contains the cost basis of some investors, some degree of accumulation could happen, but it only remains to be seen whether it will be enough for a bottom.

    In the scenario that BTC declines further, the next key support cluster to watch is located near $117,000, where a notable 190,000 BTC was acquired. “A pullback into this area could attract demand as recent buyers defend the level,” explains the analytics firm.

    Keshav Verma

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  • Here’s The Best Time To Buy Bitcoin As Impulse Wave Sets Path To $150,000

    With the latest rally to a new all-time high above $125,700, the Bitcoin price looks to have begun another path that could lead to multiple new all-time highs. At this time, market sentiment has moved back into the positive, and this continues to show in the way the price has held above $120,000 despite the corrective dips. Crypto analyst CrediBULL Crypto believes that this means that the Bitcoin price is set on its path to $150,000, so this report takes a look at the breakdown.

    Why The Bitcoin Price Is Headed To $150,000 And The Best Time To Buy

    In the analysis that was shared with over 478,000 followers on the X (formerly Twitter) platform, CrediBULL Crypto highlights the recent move that saw the Bitcoin price hit a new all-time high. According to the analyst, the fact that it was an impulse move led to this all-time high is bullish, and shows that the cryptocurrency is ready for the next leg-up that will lead it to $150,000.

    Related Reading

    Naturally, there have been pullbacks when the Bitcoin price has retested the $121,000-$122,000 zone. However, the price has held up, and most especially, it is well above $108,400, which was the start of the impulse wave. Given that this level was the bottom that began this recent move, the Bitcoin price remains bullish as long as it continues to trade above it.

    This also drives into the fact that there are particular areas of interest from here that would make for a good entry point. The crypto analyst points out the next demand zone that is lying firmly between $108,000 and $118,000, due to how the last move began and played out.

    Source: X

    CrediBULL Crypto explains that for the crypto traders who had shorted the move between $108,000 and $118,000 and are now stuck with underwater bags, a return to this zone would create a strong area of demand. This is because these traders would be looking to close their underwater positions or possibly refill their positions at these levels. Either way, the outcome is the same: it would create a lot of demand at this level, making it a potential area for a bounce.

    Related Reading

    Going by this logic, if the Bitcoin price does retrace back anywhere between $108,000 and $118,000, then it would be an ideal time to buy. “Dips into that zone of 108-118k are a blessing if we get them- and if not, well then enjoy the ride to 150k,” the analyst stated.

    However, this depends entirely on the Bitcoin price holding above the $108,400 start point. If the price were to fall below this level, then it is possible it would invalidate this bullish thesis and trigger more sell-offs once again.

    Bitcoin price chart from TradingView.com
    BTC moves above $125,000 to new all-time highs | Source: BTCUSD on TradingView.com

    Featured image from Dall.E, chart from TradingView.com

    Scott Matherson

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  • Bitcoin’s October Boom Fits Perfectly With Its Bullish History

    Want more stock market and economic analysis from Phil Rosen directly in your inbox? Subscribe to Opening Bell Daily’s newsletter. 

    Bitcoin is having a moment and it’s tracking its own history.

    The world’s largest cryptocurrency hit a new all-time high on Monday above $126,000, bringing its year-to-date gain to 35 percent. Nearly one-third of that has happened in October, a month fittingly dubbed “Uptober” among crypto investors for its strong seasonal momentum.

    Bitcoin has closed higher across 9 of the last 10 Octobers with an average return of more than 21.4 percent. 

    That strength applies to the entire fourth quarter, too. 

    Over the last 10 years, bitcoin has seen an average return of 59.6 percent during the final three months of the year, nearly double the returns of the second-best quarter.  

    While asset prices have climbed across the board this year due to Fed rate cuts, dwindling recession fears, and investor optimism, bitcoin in particular is benefitting from record crypto ETF inflows, institutional enthusiasm and a pro-bitcoin White House — all of which make the bear case hard to articulate. 

    Bitcoin ETFs, for instance, have seen more than $3.2 billion in net inflows within the first week of October alone. 

    Meanwhile, new concerns on the government shutdown and old worries about currency debasement and fiscal deficits have pushed the “debasement trade” to the forefront, as Opening Bell Daily has reported. 

    Among other recent developments: 

    Unlike past cycles, bitcoin now has Wall Street’s full infrastructure behind it, as the table from Amberdata illustrates.

    Institutional funds are absorbing billions in capital flows, public companies are adding it to their balance sheets, and the political tide has moved in its favor.

    If the historical playbook holds, the coming weeks and months could bring plenty more record highs.

    Phil Rosen

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  • Bitcoin Just Did It — New Record High Above $125,000 This ‘Uptober’

    Bitcoin pushed to a fresh all-time high on Sunday, trading above $125,000 in Asian hours as markets extended gains into October. According to reports, the token rose about 2.7% to roughly $125,245 on the day, topping its prior August peak near $124,480.

    Related Reading

    Institutional Flows And Political Signals

    Based on reports, a large wave of demand through US-listed spot Bitcoin ETFs has been a key fuel for the move, with weekly net inflows into those funds reported at around $3.24 billion.

    Investors and traders also pointed to a weaker US dollar and broader equity strength as helping push prices higher. Some coverage tied the shift in sentiment to policy signals under US President Donald Trump, and to worries about a possible US government shutdown that nudged buyers toward alternative stores of value.

    Source: CoinMarketCap

    Traders See ‘Uptober’ Playing Out

    “Uptober” — a nickname for October’s often bullish stretch — has returned this year, and traders say technical breakouts after Bitcoin flipped $120,000 into support added momentum.

    Reports show BTC briefly climbed as high as $125,750 during early Asian trade before pulling back, a sign of fast buying followed by profit-taking in some venues.

    Liquidity Tightening On Exchanges

    Based on reports, the amount of Bitcoin kept on centralized exchanges has fallen, which reduces immediate sellable supply when buyers step in.

    That thinning supply, combined with fresh ETF demand, is a recipe for sharper moves in price when flows spike. Market watchers caution that such patterns can amplify both ups and downs.

    Bitcoin is currently trading at $123,360. Chart: TradingView

    What Analysts And Traders Are Watching

    Options desks and chart watchers are flagging near-term resistance levels above current highs, while some technical scenarios point to larger targets in the months ahead — figures like $135,000 and even higher have been floated by certain market players, though those are projections rather than certainties. Volume and fund flows will likely determine whether the rally holds or cools.

    Related Reading

    What Comes Next

    According to observers, this run matters because it has pushed Bitcoin back into the conversation alongside major asset classes, and, for a moment, the token’s market value ranked among the world’s largest, even overtaking Amazon on some measures.

    Still, volatility is high. Sharp reversals, policy shifts, or a sudden change in ETF flows could quickly alter the picture.

    Meanwhile, a mix of institutional buying, seasonal momentum, and macro factors helped lift Bitcoin to new highs. The rally has drawn fresh attention from investors, but it also comes with the familiar risks of big price swings.

    Markets will be watching flows, dollar moves, and any policy signals from Washington for clues on what comes next.

    Featured image from Pixabay, chart from TradingView

    Christian Encila

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  • 5 Months To $50? XRP’s ‘Alignment’ Has Traders On Edge

    They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

    Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

    Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!

    So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

    Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

    Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

    Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

    Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.

    So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

    Christian Encila

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  • Bitcoin’s $117k Reset Unlocks Path Toward ATH As Bullish Structure Strengthens

    Bitcoin is presently valued in the $122,000 price region following an impressive price surge over the last week. Notably, bullish sentiments around the crypto market leader are presently strong as analysts speculate that another accumulation phase may have commenced. On-chain analytics page, Swissblock has now provided an in-depth analysis of the present market situation, with insights on potential drivers for profits or losses.

    BTC Dip To $108,600 A Constructive Reset

    Earlier this month, Bitcoin registered a sharp decline from $117,000 to $108,600, sparking fears of a deeper correction. Although the market has since recovered, Swissblock explains that several on-chain indicators show the move was less a collapse and more a constructive reset.

    The notion of a “reset, not capitulation” is key as resets allow markets to flush out excess leverage, absorb weak-handed sellers, and create room for fresh demand. Swissblocks explains that this is exactly what occurred in the $114,000–$118,000 range, where many late buyers from August had been looking for an exit. Their supply was absorbed, clearing a cluster of resistance and unlocking the path to retest all-time highs.

    Notably, this price drop also highlighted the resilience of Bitcoin’s short-term holder (STH) base. Glassnode data shows the STH cost basis, or the average purchase price for recent buyers, sits at roughly $111,600. This level has now been defended five separate times since May, making it an important pivot point in the present market cycle.

    Long-Term Behavior Encourages Bullish Shift But Downside Risks Remain

    At the same time, Swissblock notes that long-term holders (LTHs) have noticeably slowed their rate of distribution. While they continue to sell, the pace is far less intense than in previous months. This cooling of supply pressure allows new participants to accumulate with less resistance. Historically, such phases have marked the transition from distribution to accumulation, creating structural stability and setting up bullish continuation.

    However, downside risks remain in that a resurgence of heavy selling could tip the balance and reintroduce fragility. However, as long as Bitcoin avoids slipping into a high-risk regime, the outlook favors resilience and upside potential.

    At the time of writing, Bitcoin trades at $122,052, reflecting a slight 1.47% gain in the last 24 hours. Daily trading activity has also surged by 19.28%, reinforcing the strength and momentum behind the ongoing market rally. With a market cap of $2.43 trillion, Bitcoin continues to rank as the world’s largest cryptocurrency and fifth-largest asset.

    Bitcoin

    Featured image from Flickr, chart from Tradingview

    Semilore Faleti

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  • Bitcoin STH Exchange Inflows Hit $5.7B: Profit-Taking Already Underway?

    On-chain data shows the Bitcoin short-term holders have just made large deposits to exchanges, a potential sign profit-taking is underway.

    Bitcoin Short-Term Holder Exchange Inflows Have Shot Up

    In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the deposits being made by Bitcoin short-term holders to centralized exchanges.

    The “short-term holders” (STHs) refer to the BTC investors who purchased their coins within the past 155 days. The STHs make up for one of the two main divisions of the network done on the basis of holding time, with the other side being known as the “long-term holders” (LTHs).

    Historically, the former cohort has proven to include the weak hands of the market who panic sell whenever volatility emerges in the asset, while the latter is made up of the blockchain’s diamond hands.

    Bitcoin has witnessed a sharp rally over the past week that has taken it past the $122,000 level. Considering the nature of the STHs, it would be expected that they would be looking to take some profits.

    For LTHs, tracking selling can be simple because as soon as a member of the cohort breaks their dormancy, their coins exit the cohort and enter the STHs, as their age counter resets back to zero. It’s not quite as easy in the case of the STHs, however, as the group’s coins are constantly in motion within its members.

    One way to gauge STH selling is through their transactions to exchanges. Generally, one of the main reasons why investors use these centralized platforms is for trading-related purposes, so deposits to them can be an indication that there is demand for selling the cryptocurrency.

    Below is the chart shared by Maartunn that shows the trend in the exchange inflows coming from the Bitcoin STHs.

    As is visible in the graph, the Bitcoin STH deposits to exchanges have shot up alongside the latest price rally. The inflows that have spiked have specifically been the profit ones, with there being no loss deposits at all. Thus, it seems the buyers who got in during the price all-time high (ATH) are choosing to hold through this run.

    In total, the STHs have transferred 46,276 BTC over a 24-hour span during the latest run. At the current exchange rate, this is equivalent to a whopping $5.7 billion. The analyst notes that this is one of the largest spikes that the indicator has seen recently.

    It now remains to be seen whether enough demand will appear to absorb this selling pressure, or if the profit-taking will provide impedance to the Bitcoin rally.

    BTC Price

    At the time of writing, Bitcoin is floating around $122,700, up more than 11% over the last seven days.

    Bitcoin Price Chart

    Keshav Verma

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  • Bitcoin Capital Flow Must Enter The Network Before Global Dominance — Here’s What Will Happen

    My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.

    My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.

    I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

    When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

    Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

    My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.

    Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is.

    One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others.

    I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams.

    I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.

    I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.

    Godspower Owie

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  • Bitcoin Bear Trap Over? Pundit Reveals Where The Market Is At Right Now

    After months of uncertainty and sideways trading, fresh technical analysis suggests that Bitcoin (BTC) may have finally exited its bear trap phase. A leading crypto pundit indicates the market has entered a classic cycle of emotions, transitioning from fear to optimism. If this trend continues, the next phase could spark a major rally, with altcoins set to explode. 

    Bitcoin Bear Trap Ends, Altcoins Next

    Crypto analyst Ardizor posted on X social media on Wednesday that Bitcoin has officially reached the end of its bear trap stage. He argued that the recent downturns were not signs of further collapse but a final shakeout before the next stage of the cycle. 

    Related Reading

    To support his view, the crypto expert shared a chart illustrating the classic psychology and emotional transitions of a market cycle. From early momentum building to euphoric peaks and painful capitulation, the chart identifies where traders currently stand in the market. Ardizorn’s chart also emphasized that the declines and false breakdowns that rattled investors and caused extreme fear in recent weeks have concluded, and now, the market is at the stage of “renewed optimism.” 

    Interestingly, this shift has led the analyst to believe that altcoins could soon start outperforming as traders rotate their capital from BTC. Based on this trend, Ardizor boldly predicts that altcoins will explode next, with many potentially reaching new all-time highs. 

    Source: Chart from Ardizor on X

    His outlook is reinforced by another market analyst, Mister Crypto, who argues that September was merely a bear trap for Bitcoin, and that October, often dubbed “Uptober” in trading circles, will spark a new bullish phase, with altcoins poised to outperform dramatically. Adding further weight to the bullish case, crypto expert Jelle pointed out that both of Bitcoin’s last two cycles lasted exactly 1,064 days. If history repeats, the current cycle could peak around October 27, giving altcoins extra room to perform strongly into late November.   

    Altcoin Season On The Horizon

    With the broader altcoin market already recovering from past declines, market analyst Chiefy paints a similarly bullish picture for these assets in 2025. His chart demonstrates a series of breakouts, each marking a significant surge in altcoin valuations relative to Bitcoin. According to the crypto expert, altcoins could reach their breakout stage on October 5, ushering in what he calls “the biggest altseason in history.” 

    Related Reading

    The analyst’s chart highlights past breakout points that have multiplied prices by 120x, 175x, and 150x, with the next stage projected to reach as high as 200x. This exponential growth pattern mirrors what traders witnessed in previous cycles, reinforcing the idea that the crypto market trends to rhyme, if not repeat. 

    Chiefy has stated that the unfolding altcoin season could push prices to new ATHs and deliver massive opportunities for traders. He highlighted that, after months of consolidation and endless shakeouts, the market momentum has officially shifted toward a clear uptrend phase, with low-cap cryptocurrencies poised to kick off rallies. According to him, back in 2017 and 2021, traders who accumulated altcoins in this stage saw life-changing gains.

    Bitcoin
    BTC trading at $120,330 on the 1D chart | Source: BTCUSDT on Tradingview.com

    Featured image from Pixabay, chart from Tradingview.com

    Scott Matherson

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  • Bitcoin Rockets Past $119K, Analysts Now Eye $130K Target

    Bitcoin edged higher today, breaching the key $119,000 mark, after a string of steady sessions, lifting prices above recent ranges and drawing fresh attention from big investors.

    Related Reading

    According to Coinglass data, BTC rose about 2.50% in the last 24 hours, and is up 8% over the last seven days. Trading activity and inflows are being watched closely as traders size up the next move.

    Institutional Flows Drive Momentum

    Data shows the top crypto asset registered a second straight day of strong inflows, putting $430 million into Bitcoin spot ETFs. That kind of demand helps explain why Bitcoin’s market value has jumped from $870 billion to $2.34 trillion this year.

    Analysts say that steady institutional buying has been a key engine behind the rally, and continued flows could keep momentum alive.

    Price Levels And Targets In Focus

    Resistance zones are being tested. Near-term hurdles sit at $118,500 and $119,800, with a close target at $120k if buyers stay in control.

    Analyst Satoshi Flipper pointed out that BTC appears to have built a base above the $115,000 area and is holding a higher time frame structure, adding that a long-term breakout aim sits near $130,000.

    Buyers extended the climb past $118k, and that move is being cited as a sign that demand remains present above current levels.

    BTCUSD now trading at $119,185. Chart: TradingView

    On-Chain Signals And Volatility

    According to Coinglass, trading volume rose 12% to nearly $95 billion for the day, while Open Interest increased 4.46% to $84 billion.

    The OI weighted funding rate came in at 0.0050%. Liquidations show the market can still move quickly: $157.08 million in positions were wiped in the past day, with shorts accounting for $136 million and longs $20 million.

    A bullish MACD crossover has been confirmed on some timeframes, and the RSI sits at 58% — levels that suggest more room to climb but not runaway overheated conditions.

    Seasonal Patterns Add To The Optimism

    Based on reports and past data, October has a history of strong performance — “Uptober” shows an average gain of 20%. September registered a 5% rise, and the third quarter closed with 6% according to Coinglass.

    The fourth quarter’s average return has historically been large, at 78%, which is why some market participants are optimistic heading into the final months of the year.

    Buyers remain active, but the path up may not be smooth. A clear push above $120,000 would be a useful signal that new highs might follow, while a stumble into the liquidity clusters could force a quick pullback.

    Related Reading

    Market participants are balancing on-chain flows, visible technical levels, and known seasonal patterns as they decide their next steps.

    Featured image from Unsplash, chart from TradingView

    Christian Encila

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  • Bitcoin Weak-Hand Selling Slows: STH-SOPR Reset Hints At Potential Rally Setup

    Bitcoin (BTC) witnessed a slight surge earlier today, climbing from $113,000 to around $117,000 at the time of writing, in contrast to expectations of several crypto analysts who were predicting a decline in risk-on assets due to the US government shutdown.

    Bitcoin Rises Despite US Government Shutdown

    The US federal government shut down at midnight on September 30, as President Donald Trump and Congress failed to reach a deal on funding. Specifically, the two camps were at odds over enhanced Obamacare subsidies, with neither party willing to take the blame.

    Related Reading

    However, Bitcoin made a surprise move to the upside despite the uncertain environment created by the US government shutdown, recording strong gains earlier today. CryptoQuant analyst Kripto Mevsimi stated that September saw deeper losses among short-term holders (STH), as their Spent Output Profit Ratio (SOPR) fell as low as 0.992.

    As a result, most of September was marked by STH continuing to sell their BTC holdings at a loss. However, the metric recovered slightly to 0.995, although it is still below August’s reading of 0.998.

    The current STH-SOPR reading is showing signs of stabilization after a period of depression. It is interesting to note the timing of this recovery, as it occurred at a time when BTC is trading in the high $110,000 range, slightly below a heavy resistance zone.

    Source: CryptoQuant

    Past data shows two potential scenarios that can happen following such a reset in the STH-SOPR. First, it could be early warning signs of a weakening momentum for BTC, as extended loss realization can precede corrective phases where weak hands capitulate.

    The other, more bullish scenario, is that it could be a healthy reset. Quick absorption of realized losses often paves the way for more sustainable rallies, which could catapult BTC to new all-time highs (ATH) in the near term. The CryptoQuant analyst added:

    With BTC consolidating under resistance, this rebound in STH-SOPR is a key barometer of market health. If buyers continue to absorb weak-hand selling, it could mirror past resets that paved the way for the next leg higher.

    Will BTC Decline In Q4 2025?

    While the dwindling active circulating supply of Bitcoin offers some hope to the bulls, others are not as optimistic. According to recent analysis by fellow CryptoQuant contributor Axel Adler, demand for BTC cooled after it failed to hold above $115,000.

    Related Reading

    Meanwhile, crypto analyst Doctor Profit recently remarked that BTC is likely to experience another 20% decline from its current price, reaching his projected target range between $90,000 – $94,000. At press time, BTC trades at $117,226, up 3.5% in the past 24 hours.

    bitcoin
    Bitcoin trades at $117,226 on the daily chart | Source: BTCUSDT on TradingView.com

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

    Ash Tiwari

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  • Could bitcoin and crypto be headed for an end-of-year rally? – MoneySense

    August and September haven’t been great months for crypto investors, but that’s not necessarily a bad thing because markets need a healthy breather every now and then. Bitcoin (BTC), the largest cryptocurrency based on market capitalization, was down about 6.5% in August, and so far in September has regained only about 3.14% of that drop. 

    A quick look at the BTC price chart below shows that the price of BTC has hovered around the $110,000 mark (all figures in US dollars unless otherwise specified)—plus or minus 10% since May 2025. This is a consolidation, which indicates that for the time being, neither the bulls nor the bears are obvious winners.

    Source: Google Finance as of Sept. 25, 2025

    August and September are typically down months for BTC

    Although months of flat trading can be frustrating for investors, it’s not unheard of and there’s historical precedent for August and September typically being bad for BTC.

    Of the thirteen instances since 2013—because that’s when we have reliable public data on BTC price movements from—August has been red nine times (including 2025) and September has been red eight times until 2024. On average, BTC’s August return over the years has been 1.12% and September’s has been -3.24%. On average, BTC’s best months have been October (up 21.89%) and November (up 46.02%).

    The following table lays out BTC’s monthly return through the years. See the bottom two rows for average (and median) returns in each calendar month.

    Source: Coinglass.com as of Sept. 25, 2025

    Nobody can predict the market accurately based on such historical data, so what can crypto investors learn from this? If you’re bullish on BTC, ethereum (ETH), and other cryptocurrencies, it usually pays to remain invested—especially through October and November—despite the historical bearishness of August and September.

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    Is altcoin season over?

    Altcoin season refers to the phase of the crypto market in which alternative coins (those other than BTC) outperform BTC itself in price appreciation. Typically, altcoin season appears at the end of a bull market cycle—the phase we’re probably in right now. I’ve written about altcoin season in an earlier edition of this column a few months ago, when I flagged the possibility of ETH and other cryptocurrencies outperforming BTC in the second half of 2025.

    As the chart below shows, we’re in altcoin season based on the CMC Altcoin Season Index. This index tracks the performance of altcoins relative to BTC over 90 days and assigns a score of 0 to 100, with a score over 70 indicating the outperformance of altcoins relative to BTC.

    Source: Coinmarketcap.com as of Sept. 25, 2025

    The race for altcoin ETFs is on

    The race for altcoin ETFs in the US is on. While altcoin ETFs are already available to Canadian investors, we’re about to see a rush of new altcoin ETFs being launched in the US in the coming months. 

    Recently, on Sept. 25, 2025, the Hashdex Nasdaq Crypto Index ETF announced that they’ll expand their crypto ETF holdings to include XRP, SOL, and Stellar (XLM). The inclusion of these altcoins will create the first truly multi-crypto ETF in the US. This is a sign of things to come. 

    While 2024 was the year for BTC ETFs, 2025 is the year for ETH and other altcoin ETFs. We could see a slew of altcoin ETFs being launched in the US as a result of the streamlining of listing rules by the US Securities and Exchange Commission (SEC). As reported by Reuters, these streamlined SEC listing rules (applicable to crypto ETFs), would reduce the approximate listing time from about 240 days to just 70 days.

    Canadian investors searching for a multi-crypto ETF with exposure to BTC and altcoins can consider these two ETFs—both of which trade on the Toronto Stock Exchange (TSX).

    ETF name Ticker symbol Exchange Currency options Portfolio Net assets MER
    Evolve Cryptocurrencies ETF ETC Toronto Stock Exchange (TSX) CAD and USD BTC (74.1%)ETH (14.6%)XRP (7%)SOL (4.2%) $84.31 million (CAD) MERs of underlying funds applicable*
    CI Galaxy Multi-Crypto Navigator ETF CMCX Toronto Stock Exchange (TSX) CAD and USD ETH (35.6%)SOL (23.5%)BTC (10.5)Cash and equivalents (30.3%) $5.54 million (CAD) 1.04%
    *ETC has four underlying ETFs as its holdings. While ETC itself has a 0.0% management fee (MER), the underlying ETFs held by ETC will incur management fees and other costs. As of September 2025, three of the four underlying ETFs have a MER of 0.75%, while the fourth has a MER of 0.0% until Dec 31, 2025, post which its MER will be 1%.

    Source: Data for each ETF was gathered from the ETFs’ respective websites as of Sept. 25, 2025

    Crypto price swings are common

    Cryptocurrencies including BTC, ETH, XRP, SOL, XLM, and others are speculative and remain highly volatile assets subject to significant price swings. Even stablecoins, which are seemingly “safe,” may be risky if not adequately backed by real-world assets.

    Aditya Nain

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  • CryptoQuant: LTH Stability vs. STH Aggression Driving Bitcoin Market Volatility

    CryptoQuant says LTH whales hold 3.72M BTC at $41K average, anchoring stability amid STH whale-driven volatility.

    The journey of the world’s largest cryptocurrency by market cap toward new peaks is being shaped by a hidden conflict among its biggest holders.

    According to CryptoQuant analyst Carmelo Alemán, there’s a fundamental divide in Bitcoin (BTC) whale behavior that is creating a market pulled between steadfast conviction and short-term speculation.

    The Whale Divide: Calm Accumulation vs. Aggressive Trading

    In his latest assessment, Alemán noted that not all Bitcoin whales operate with the same strategy.

    The market’s largest holders, those with over 1,000 BTC, are split into two distinct groups with opposing influences on price action. On one hand are long-term holder (LTH) whales, who have kept their Bitcoin for more than 155 days, and are currently in possession of about 3.72 million BTC acquired at an average price of only $41,887. According to the expert, this group’s behavior is typically calm, characterized by strategic accumulation with little reaction to moderate price declines.

    On the other hand, short-term holder (STH) whales have around 1.07 million BTC bought at a much higher average cost of $111,299. This cohort, often made up of institutions and other newcomers to the market, usually displays more aggressive trading patterns, frequently repositioning during pullbacks to lower their average costs, injecting considerable short-term volatility into the market in the process.

    This difference in behavior is creating a structural tension beneath Bitcoin’s price movements.

    “The distinction between LTH and STH Whales is key because their different behaviors directly impact market volatility,” wrote Alemán. “When STH Whales become more active, their higher cost basis often translates into sharper short-term moves. In contrast, the steady accumulation of LTH Whales provides stability and price support.”

    The performance is also occurring against a complex backdrop. As reported previously by CryptoQuant, there has been a sharp drop in Taker Buy Volume across major exchanges like Binance, indicating weakening demand for the OG cryptocurrency from aggressive buyers. Historically, the pattern has preceded extended consolidation or notable pullbacks.

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    Still, the blockchain’s fundamental health appears solid. Data from the tail-end of September confirmed Bitcoin’s hashrate reached a record 1.441 zettahashes per second, viewed by observers as a sign of strong miner confidence and increased network security.

    Market Outlook Hinges on Demand and Momentum

    Bitcoin’s immediate future appears to hinge on which group of heavyweight investors will gain the upper hand and whether broader market demand can rebound.

    While the stability offered by LTH whales, with their low cost basis, provides a solid foundation of price support, the constant activity of STH whales, who are more sensitive to price swings due to their higher entry points, makes sharp short-term moves more likely.

    In the meantime, traders will be watching key technical levels. A clean break above the $115,000 resistance could confirm the bullish technical setup and potentially trigger a new push upwards. However, the presence of a CME futures gap near $110,000, a level the price has tended to revisit, means there is still the possibility of a short-term dip.

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  • Galaxy’s Digital Bitcoin Sales Continue: 1,190 Bitcoin Moves To Binance

    Bitcoin has reclaimed the $115,000 level, restoring momentum after weeks of uncertainty and signaling that bulls are regaining strength. The move comes as traders push back against selling pressure, with renewed optimism spreading across the market. For many, the rebound highlights Bitcoin’s resilience and its ability to bounce after testing key support levels.

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    Yet, not everyone feels convinced. Several analysts warn that despite the recent upside, Bitcoin may still face the risk of a deeper correction. The recovery looks promising, but the broader structure remains fragile, and cautious voices continue to dominate discussions. A failure to hold above $115,000 could once again expose the market to volatility and downside pressure.

    Adding another layer of concern, key data shows that Galaxy Digital’s Bitcoin sales remain ongoing. These sales, taking place even as Bitcoin rises, highlight the complex dynamics at play and temper the optimism around the recent rally.

    Galaxy Sales Weigh On Bitcoin

    Top analyst Darkfost shared fresh data that revealed a significant move in Bitcoin markets yesterday. According to him, 1,190 BTC were sent mainly to Binance, most likely to be sold. At current prices, that transaction represents more than $135 million worth of Bitcoin, underscoring that large-scale institutional selling continues even as bulls fight to sustain momentum above $115,000.

    Galaxy Digital Address Outflow | Source: Darkfost

    Such transfers often signal that sellers, in this case Galaxy Digital, are actively reducing exposure, which can pressure the market during sensitive periods. While Bitcoin has managed to rebound from its recent lows near $108,000, these heavy sales create an overhang of supply that traders must absorb before a convincing uptrend can take hold. The timing adds even more weight, as Bitcoin enters a new stage marked by macro uncertainty.

    The looming US government shutdown now stands as one of the biggest risk factors for global markets. Political deadlock in Washington threatens to disrupt financial stability and could trigger volatility across equities, bonds, and digital assets. For Bitcoin, this situation creates both risk and opportunity: on one hand, fear-driven selling could drag prices lower; on the other, Bitcoin’s role as a hedge may attract inflows from investors seeking protection.

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    BTC Approaches Resistance After Strong Rebound

    Bitcoin is trading near $116,200 after a sharp rebound from last week’s lows around $109,000. The 8-hour chart highlights renewed bullish momentum, with price now pressing toward the key resistance zone at $117,500. This level has repeatedly capped rallies since late August, making it the line to watch for confirmation of a broader breakout.

    BTC nearing key resistance | Source: BTCUSDT chart on TradingView
    BTC nearing key resistance | Source: BTCUSDT chart on TradingView

    The recent move higher also pushed BTC back above its 50-period (blue) and 100-period (green) moving averages, both of which had previously acted as resistance. The price is now consolidating above these levels, showing that bulls are regaining short-term control. However, the 200-period moving average (red) sits just overhead near $115,000, and Bitcoin has only just cleared it — leaving the breakout unconfirmed.

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    Momentum remains constructive, but the market still faces a pivotal test. A decisive close above $117,500 could invite stronger buying pressure, opening the door for a run toward $120,000 and potentially retesting the yearly highs near $125,000. Conversely, rejection at this level could trigger profit-taking, dragging the price back toward $114,000 or even $112,000.

    Featured image from Dall-E, chart from TradingView

    Sebastian Villafuerte

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  • Tether’s $1 Billion Bitcoin Buy Triggers Market Bubble Concerns, CEO Warns

    Tether, the issuer behind the leading stablecoin, USDT, has made headlines by acquiring $1 billion worth of Bitcoin—approximately 8,800 BTC—during the third quarter of this year. 

    While many investors have reacted positively to this significant investment, caution has emerged from industry experts like Jacob King, CEO of SwanDesk, who warns that this move may contribute to what he believes could be the “largest bubble in history.”

    Bitcoin’s True Value Could Be Below $1,000

    In a recent post on social media platform X (formerly Twitter), King raised serious concerns about the Bitcoin market, claiming that 80-90% of the total buy volume is artificially inflated. 

    He argues that Tether essentially creates money “out of thin air,” injecting it into Bitcoin and thereby exacerbating the speculative environment. Despite the growing trend of exchange-traded funds (ETFs) and institutional accumulation of Bitcoin as a treasury reserve, the cryptocurrency’s real value might be “far below $1,000.”

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    This narrative has been ongoing for years, provoking varied responses within the community. One investor countered King’s assertion by asking why major institutional players, including sovereign ETFs and Fortune 500 companies, continue to invest in Bitcoin if such a large portion of the trading volume is deemed fake. 

    His argument suggests that either these institutions are misinformed or that the real bubble lies within traditional fiat currencies rather than cryptocurrencies like Bitcoin.

    King refuted this notion, alleging that the idea of significant institutional investment in Bitcoin is largely “a myth.” He contended that most inflows into ETFs are driven by retail investors, not large institutions. 

    Skepticism Vs. Optimism

    Further amplifying his skepticism, King criticized Strategy (previously MicroStrategy), the largest publicly traded company holding over 600,000 BTC, describing it as a “leveraged Bitcoin casino.” 

    He alleged that the company’s co-founder, Michael Saylor, has a history of inflating numbers during the dot-com bubble, suggesting that the current situation is a repetition of “past mistakes.”

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    In contrast, other experts like Quinten Francois view Tether’s recent Bitcoin purchase through a more optimistic lens. Francois highlights the US government’s push for stablecoin adoption via the GENIUS Act, which mandates that stablecoin issuers be licensed, transparent, and fully backed by US Treasuries. 

    He argues that this regulatory framework could channel trillions in offshore Eurodollars into US bonds through stablecoins, effectively continuing quantitative easing but through these private entities rather than the Federal Reserve (Fed).

    The daily chart shows BTC’s price consolidation below record highs. Source: BTCUSDT on TradingView.com

    At the time of writing, BTC is trading within the lower channel of its consolidation range at $113,200, with no clear indication of where prices will move next. According to CoinGecko data, the leading cryptocurrency is currently 8% below its all-time high. 

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

    Ronaldo Marquez

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  • Bitcoin Short-Term Holders At Cost Basis: SOPR At 1 Signals Mareket Equilibrium

    Bitcoin is once again trading at a critical juncture after a sharp Monday rally pushed the price above the $114,000 level. The surge comes as bulls attempt to counteract days of persistent selling pressure, with momentum beginning to tilt back in their favor. This move marks a potential turning point in the market, signaling that investors are testing whether Bitcoin can hold above this key threshold and establish it as a new base for higher gains.

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    Supporting this view, fresh on-chain data from CryptoQuant highlights a notable development in short-term holder behavior. The Short-Term Holder Spent Output Profit Ratio (STH SOPR) has reset to 1, a crucial equilibrium level. At this point, the average sale by short-term holders is occurring at their cost basis, suggesting neither widespread profit-taking nor capitulation. Instead, the market is balanced, with buyers and sellers meeting in a zone of neutrality.

    This equilibrium often precedes decisive market moves. A sustained push higher could validate the bulls’ efforts to regain control, while failure to hold above $114,000 risks opening the door to renewed downward pressure. Traders and analysts alike are watching closely, as Bitcoin’s next move could define the tone for the weeks ahead.

    SOPR Signals Market Equilibrium

    Top analyst Axel Adler highlighted the importance of the Short-Term Holder Spent Output Profit Ratio (STH SOPR) in assessing Bitcoin’s current market state. According to Adler, when this metric hovers around 1, momentum tends to slow because of the delicate balance between buyers and sellers. Any push above the 1 threshold quickly shifts yesterday’s breakeven holders into profitable territory. As a result, many short-term investors seize the opportunity to sell, which injects additional selling pressure into the market and dampens the strength of upward moves.

    Bitcoin STH SOPR Dashboard | Source: Axel Adler

    Adler explained that this dynamic often creates a self-limiting environment for rallies. As Bitcoin rises, more short-term holders lock in gains, fueling waves of profit-taking that prevent the price from sustaining higher levels. This cyclical pattern highlights why the 1.0 mark on SOPR is often referred to as an “equilibrium” zone: it represents the point where the market resets, and short-term participants face little incentive to either capitulate or aggressively accumulate.

    For the broader trend to truly accelerate, Adler emphasized the need for a decisive breakout above this equilibrium. Specifically, he noted that a consistent rise in SOPR above 1.002 for several consecutive days would signal a shift in sentiment. Such a development would indicate that sellers are no longer overwhelming the market with profit-taking, allowing buying momentum to build and sustain higher price levels. Until then, Bitcoin remains at risk of choppy, range-bound action, with rallies vulnerable to short-term selling pressure.

    This perspective underscores the importance of closely tracking SOPR in the coming sessions. While the recent move above $114,000 has revived bullish hopes, the data suggests that without a clear breakout in this critical metric, Bitcoin may struggle to generate lasting momentum.

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    Bitcoin Tests Resistance as Bulls Eye $117,500

    Bitcoin is currently trading around $113,400 after briefly climbing above $114,800 earlier in the session. The chart shows that the $117,500 level, marked in yellow, remains a critical resistance zone that has capped multiple rallies since mid-August. Bulls will need a decisive close above this area to confirm renewed upside momentum.

    BTC facing resistance | Source: BTCUSDT chart on TradingView
    BTC facing resistance | Source: BTCUSDT chart on TradingView

    The 50-day moving average (blue) is now acting as near-term resistance, while the 100-day moving average (green) is serving as support. The price recently bounced from this zone, suggesting buyers are attempting to re-establish control. However, the wider structure still reflects consolidation, with BTC trapped between the $110,000 support region and the $117,500 ceiling.

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    The 200-day moving average (red), currently trending around $102,500, remains far below spot price and continues to provide a strong base for the longer-term trend. Until BTC clears the $117,500 barrier, rallies risk fading into selling pressure, keeping price action choppy.

    Featured image from Dall-E, chart from TradingView

    Sebastian Villafuerte

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  • Bitcoin Sentiment Returns Back To Neutral As BTC Breaks $114,000

    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.

    Keshav Verma

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  • Is Bitcoin’s Decentralization at Risk? 29% of Newcomers Think So

    CoinGecko poll reveals sharp divide as newcomers wary over Bitcoin’s mainstream embrace.

    A new CoinGecko survey revealed a cautious divide in the community over Bitcoin’s growing mainstream acceptance, as newcomers show the most skepticism. The poll, which was conducted between August 22 and September 11, 2025, gathered responses from 2,549 participants.

    It found that while a majority lean positive, a significant minority remains wary of how Wall Street and traditional finance may reshape the asset.

    Wall Street vs. Decentralization

    Overall, 60% of respondents said mainstream adoption, including developments such as spot ETFs, corporate treasuries holding Bitcoin, and government accumulation, is positive for Bitcoin. Within this group, 41.4% described the trend as “very positive,” and cited greater legitimacy and long-term price potential, while 18.6% felt “positive” but expressed less enthusiasm.

    Another 19.4% of participants were neutral. However, 20.5% voiced concerns that Bitcoin’s expansion into traditional finance could compromise its core principles. This group included 12.7% who see mainstream adoption as “very negative.” They warned that decentralization and censorship resistance may be weakened. Meanwhile, 7.8% were “negative” but less strongly opposed.

    The skepticism was most pronounced among first-cycle investors, who experienced their first crypto market cycle. Among these newcomers, 29.3% viewed mainstream adoption as negative or very harmful, roughly double the 14.9% rate recorded among second-cycle participants and 15.7% among those in their third cycle or beyond.

    On the other hand, only 52.0% of first-cycle participants felt positive or very positive about Bitcoin’s mainstream momentum, compared with 65.2% of second-cycle respondents and 64.4% of long-term veterans. Second-cycle participants were also the most likely to call mainstream adoption “very positive.”

    The findings suggest that seasoned crypto users are more comfortable with the idea of institutional involvement, while newer entrants may either lack exposure to past adoption cycles or represent speculative traders wary of Bitcoin becoming another Wall Street asset.

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    Crypto Demographics

    Among the participants, CoinGecko found that 68% identified as long-term crypto investors, while 20% described themselves as short-term traders. Builders made up 7% of the group, and 5% were sidelined spectators observing the market without active participation.

    In terms of experience, 38% were navigating their first market cycle with up to three years in crypto, 41% were in their second cycle spanning four to seven years, and 21% were seasoned veterans with over eight years of involvement.

    Geographically, respondents were concentrated in Europe, which accounted for 31% of participants, followed by Asia at 26% and North America at 22%. The remaining participants were spread across Africa, South America, and Oceania.

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  • Whales Scoop $1.73B In Ether As Exchange Balances Hit Nine-Year Low

    Reports have disclosed that 16 wallets picked up 431,018 Ether between September 25 and 27, spending about $1.73 billion to do so. The buys came through names like Kraken, Galaxy Digital, BitGo, FalconX and OKX.

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    That scale of accumulation pushed attention back to who is buying the dip, and why larger players seem willing to add exposure while prices wobble.

    Exchange Balances Fall To 9-Year Low

    According to Glassnode data, the amount of ETH held on exchanges has plunged from roughly 31 million to about 14.8 million ETH — a drop of 52% from 2016 levels.

    Many of those coins are likely in staking contracts, cold wallets or institutional custody, and the recent launch of the first Ethereum staking ETF has helped pull more supply off exchanges.

    Lower exchange balances mean fewer coins ready to be sold instantly on exchanges, which can make price moves sharper when big orders hit the market.

    ETH Hovers Near $4,000 As Volatility Rises

    Based on TradingView readings, ETH is trading around $4,011, down roughly 0.33% over the last 24 hours and more than 10% over the past week.

    ETHUSD currently trading at $4,015. Chart: TradingView

    The token briefly slipped under $3,980 earlier in the session before climbing back, and it remains below a recent close of $4,034.

    This two-week pullback has returned ETH to a key $4,000 support area, and short-term swings have become more pronounced as holders reposition.

    $3,700 Becomes A Line In Sand

    Crypto analyst Ted Pillows has warned that the $3,700 to $3,800 zone could face heavy pressure. Reports note that if ETH falls below $3,700, many margin positions could be wiped out and spark forced selling that pushes prices lower.

    With fewer coins on exchanges and concentrated margin exposure, the short-term outlook is more fragile even as longer-term demand indicators look solid.

    ETF Outflows Show Institutional Mood Can Flip

    US-listed ETH funds recorded nearly $800 million in outflows this week, their largest redemptions to date. Still, roughly $26 billion sits in Ethereum ETFs, equal to 5.37% of total supply.

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    Those numbers underline how quickly institutional sentiment can change: big inflows can vanish just as fast, and ETF flows now add a new, sizable layer to price dynamics.

    Lookonchain data also highlighted a prior accumulation of roughly $204 million in ETH, showing similar patterns of large players stepping up during dips.

    Retail traders appear more cautious for now. But the sequence of big buys from institutional-grade custodians suggests some buyers view dips as buying chances while others choose to wait on the sidelines.

    Featured image from Unsplash, chart from TradingView

    Christian Encila

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