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Tag: crypto market

  • XRP Wallets Holding Over 10,000 Tokens Hit Record High Amid Price Recovery

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    XRP has shown some signs of recovery over the past 48 hours, climbing about 5.3 % from its recent low, according to on-chain analytics platform Santiment. The rebound comes as investor confidence appears to be returning, as it coincides with a steady rise in mid to large-sized XRP holders. Particularly, on-chain data shows that the XRP ecosystem now has more than 317,500 wallets holding at least 10,000 XRP tokens for the first time in its history.

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    Mid To Large XRP Holders Reach Record 317,500 Wallets

    Despite XRP’s recent price woes alongside the rest of the crypto market, on-chain data shows that XRP’s holder base is increasing among crypto investors. Notably, Santiment’s latest data shows that the number of XRP wallets holding at least 10,000 tokens has reached an all-time high of approximately 317,500. 

    Santiment’s data chart, as shown below, indicates that XRP’s network has added approximately 1.8% more wallets holding 10,000 or more tokens in just the last thirty days. Interestingly, Santiment’s data further shows that the upward slope of this metric has been consistent throughout 2025.

    The increase in mid-sized and large wallet count shows that many XRP investors are not concerned about the recent price dips. Instead, many of them are taking advantage of lower prices to strengthen their holdings. As such, a growing segment of investors are buying XRP for long-term gains rather than short-term price action.

    XRP, which is currently hovering around the $2.35 range, may benefit from this growing base of committed holders in the long term. Its price trajectory now depends on its ability to sustain momentum above $2.3. If the bullish on-chain sentiment translates into consistent buy pressure, XRP could extend its rebound and target at least $2.8 before the end of the week.

    XRPUSD now trading at $2.32. Chart: TradingView

    However, if momentum stalls, the price may enter another downward phase before an upward move. Nonetheless, the record growth in wallets holding over 10,000 XRP provides a strong long-term foundation that may support the cryptocurrency’s value in the coming weeks.

    Number of 10K+ XRP Wallets. Source: Santiment

    Ripple’s Acquisition Of GTreasury Adds Institutional Momentum

    Ripple Labs, the company behind XRP, recently announced the acquisition of GTreasury for $1 billion, making this its third-biggest deal in 2025. The deal will bring GTreasury’s treasury-management software, used by global corporations to manage liquidity, cash forecasting, payments and risk, into Ripple’s infrastructure suite.

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    GTreasury serves over 1,000 customers across about 160 countries and has more than 40 years’ experience in corporate treasury operations. The move gives Ripple immediate access to the multi-trillion-dollar corporate treasury market and large enterprise clients previously outside its direct reach. There are also reports that Ripple is planning to raise $1 billion to build an XRP treasury.

    At the time of writing, XRP was trading at $2.35.

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • Is Sony The Next Crypto Bank? Tech Giant Applies For A National Charter In The US

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    Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

    Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

    Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

    One of Ronaldo’s defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

    Ronaldo’s commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo’s writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

    Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

    However, Ronaldo’s aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

    Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

    With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

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    Ronaldo Marquez

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  • Analysts warn of another crypto market crash today

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    Friday, Oct. 10, witnessed the worst wipeout in the crypto market after President Donald Trump threatened to impose a 100% tariff on imports from China to the U.S.

    The total crypto market capitalization fell from $4.1 trillion to $3.6 trillion within hours of the announcement. Bitcoin also fell from above $122,000 to $105,000 during the crash, with other cryptocurrencies following suit.

    On Monday, Oct. 13 there are signs of a recovery. The total market cap has recovered to $3.8 trillion, with Bitcoin trading well above the $114,500 price mark.

    Related: What is Crypto? Cryptocurrency explained

    But crypto analysts say it’s too early to take a sigh of relief.

    A popular crypto analyst, with the handle on X, warned the trading community to exit the market as a “big dump” is coming on Oct. 13 in which both Bitcoin and altcoins will crash.

    Another popular crypto analyst, known as @Prosperous_w_ on X, shared their views on the social media platform.

    While many altcoins hit their “absolute bottom” on Friday, most altcoins are still trading well above their bottoms and will see further correction, they said. For example, SUI will see a 42% correction again, they predicted.

    U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. Touting the event as “Liberation Day”, Trump is expected to announce additional tariffs targeting goods imported to the U.S.

    The market will now see strong resistance zones. Early buyers from the crash are accumulating profits and traders who short are entering the fray, they highlighted.

    “This combo usually brings another hard correction. I expect altcoins to pull back 20–50% from current levels.”

    @Prosperous_w_ also predicted “one more leg down” for Bitcoin. They rejected the theory that this is the beginning of a bear market following the 4-year cycle trend. The market now instead follows the liquidity cycle and the business cycle and this cycle will continue well into 2026, they predicted.

    The analyst also shared their own trading plan for the future. They are “accumulating heavily” around current prices and flash crash lows. The future positions range from 5x to25x leverage, with higher leverage reserved for short-term trades and lower leverage for swing trades to hold into the next expansion phase.

    Any trading profits or cash are stored in Bitcoin, @Prosperous_w_ shared with their followers.

    “The USD, EUR, and most fiat currencies will continue to lose value. Bitcoin is the ultimate liquidity base and hedge in this evolving economy.”

    Disclaimer: The information provided here is for general informational purposes only and should not be considered financial advice. You should consult with a licensed financial advisor before making any investment or financial decisions.

    This story was originally reported by TheStreet on Oct 13, 2025, where it first appeared in the Trading News & Analysis section. Add TheStreet as a Preferred Source by clicking here.

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  • Crypto Crash Prediction Comes True: Here’s What’s Next For Bitcoin And Ethereum

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    The recent crypto market crash stunned investors across the globe, but one analyst saw it coming long before it happened. Bitcoin plunged from above $125,000 to briefly below $102,000, and Ethereum dropped to below $3,800, exactly as predicted by popular market commentator Ash Crypto earlier this month. 

    His October 1 post on X warned of a sharp correction meant to liquidate all the bulls before a major rebound in Q4. Now that the dip has played out exactly as he forecasted, Ash Crypto’s outlook for the coming weeks is a powerful rebound phase.

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    The Crash Prediction That Shook ‘Uptober’

    The sell-off that sent shockwaves through the industry is a quick change in sentiment after Bitcoin’s recent all-time high on October 6. Bitcoin’s decline from above $125,000 to below $110,000 caused widespread panic that flowed into other cryptocurrencies, while Ethereum followed with a sharp drop below $3,800. More than $19 billion in leveraged trades were liquidated across different exchanges in under a day, making it one of the largest wipeouts in crypto history.

    However, the timing of the crash aligned almost perfectly with a projection on the social media platform X by Ash Crypto. On October 1, Ash Crypto outlined what he called a “pump-then-dump setup” designed to trap overconfident bulls. In his post, he warned that early-month gains would bait retail traders into believing PUMPtober was real before the market reversed violently to shake them out.

    Notably, the analyst predicted that Bitcoin would dip to around $106,000 and Ethereum to $3,800 or lower before rebounding later in the month. According to him, this correction phase would run until mid-October, sometime around the 15th to 20th of October, before transitioning into a powerful recovery in the last ten days of the month.

    BTCUSD currently trading at $114,049. Chart: TradingView

    What Comes Next After The Drop?

    Ash Crypto’s call has proven accurate, especially against the backdrop of widespread ‘Uptober’ optimism that clouded judgment for many crypto traders. However, despite the predicted bearish move, the prediction post also carried a long-term sentiment that aligns with a bullish Uptober.

    He explained that once market sentiment turns overwhelmingly bearish and traders begin to assume PUMPtober is canceled, short positions will pile up. It is at this point that a reversal will begin in the final ten days of October, leading to what he described as Q4 parabolic candles.

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    Ash Crypto projected Bitcoin will reach between $150,000 and $180,000 by the end of the fourth quarter, while Ethereum will be trading anywhere in the $8,000 to $12,000 range. Following that move, he expects a full-fledged altcoin season that will cause the price of many altcoins to grow 10x to 50x in just a few months.

    At the time of writing, Bitcoin is trading at $114,049, and Ethereum is trading at $4,087.

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • Dogecoin Price: ‘$6.9 Is A Magnet’, Analyst Predicts

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    Dogecoin has plunged violently over the past 24 hours, shedding a large chunk of its value in a brutal correction across the entire crypto market. What looked like a hold above $0.25 turned into a fast breakdown that dragged the Dogecoin price to as low as $0.148 within 24 hours.

    However, technical analysis from crypto analyst Kaleo shows Dogecoin is ready to hit new all-time highs. In a post on X, he doubled down on a remarkably bullish prediction, stating that $6.90 is a “magnet” for Dogecoin.

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    Dogecoin Chart Tells The Story

    In his post on the social media platform X, Kaleo noted how members of the crypto community are increasingly waking up to see how primed Dogecoin is to reach higher levels. The chart accompanying Kaleo’s post shows the historical pattern that Dogecoin has followed after previous Bitcoin halvings. 

    Each halving has always been followed by years of massive upside moves in Dogecoin’s price, with the meme coin breaking out of long-term descending resistance lines to record exponential gains. Examples shown in this chart are the 2017 and 2021 explosive price surges. 

    Kaleo suggested that the current market phase mirrors the same structure seen just before the 2021 bull run, when Dogecoin broke above a key lower-high resistance from its previous all-time high. This moment is illustrated on the chart with the label “We are here.”

    Dogecoin Price Chart. Source: @CryptoKaleo on X

    The $6.90 Magnet: Kaleo’s Logic Behind The Forecast

    Kaleo acknowledged that the projection of a $6.9 Dogecoin price target might sound a little too bullish, but his logic is based on the logic of market cap math. In his post, he explained that his projection for Bitcoin this cycle is to surpass $500,000. If Bitcoin surpasses $500,000 as expected, it would translate to a $10 trillion market capitalization. 

    This sheer amount of inflow would flow into the rest of the crypto market, and Dogecoin could theoretically reach 10% of Bitcoin’s valuation, just as it did during the 2021 mania. That ratio implies a $1 trillion market cap for Dogecoin, which is equivalent to a $6.94 price per token based on the current circulating supply. 

    Dogecoin’s recent price crash has complicated this bullish narrative. Instead of confirming an imminent breakout, the meme coin has fallen below the $0.25 support level. At the time of writing, Dogecoin is trading at $0.1971, down by 21.4% in the past 24 hours and having reached an intraday low of $0.1489.

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    The breakdown looks like the kind of market-wide liquidity flushes often seen before major reversals. Yet, it also risks extending Dogecoin’s bearish structure and delaying any breakout if the price fails to recover quickly. Right now, recovery above $0.25 is important for bulls to rebuild bullish momentum.

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • Global Banking Powerhouses Plan Issuing New Stablecoins Tied To G7 Currencies

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    A consortium of major banks, including Bank of America, Citi, Deutsche Bank, Goldman Sachs, and UBS, announced on Friday that they will collaborate to explore the development of stablecoins pegged to G7 currencies. 

    A New Era For Crypto In Mainstream Finance

    The renewed interest in stablecoins comes in the wake of US President Donald Trump’s endorsement of the sector, which has reignited discussions about integrating blockchain technology into mainstream finance. 

    Currently, the stablecoin market is heavily dominated by Tether (USDT), based in El Salvador, which accounts for approximately $179 billion of the total $310 billion in stablecoins circulating, according to data from CoinGecko.

    The 1D chart shows the total market cap drop in what has been the largest liquidation event in crypto. Source: TOTAL on TradingView.com

    The banks involved in this new initiative, which also includes Santander, Barclays, BNP Paribas, MUFG, TD Bank Group, and others, have stated that the goal is to assess whether a collaborative industry offering could enhance competition and bring the benefits of digital assets to the market, all while ensuring compliance.

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    Notably, France’s Societe Generale recently became the first major bank to issue a dollar-backed stablecoin through its digital asset subsidiary, although it has seen limited adoption, with only $30.6 million currently in circulation.

    In addition to this consortium, a separate group of nine European banks, including prominent names like ING and UniCredit, is also in the process of launching a euro-denominated stablecoin. 

    Meanwhile, Citi has made strides in the stablecoin space by investing in BVNK, a company focused on stablecoin infrastructure. 

    Demand For Stablecoin Solutions Grows

    Although Citi has not disclosed the amount of its investment, the co-founder of BVNK, Chris Harmse, told during an interview with CNBC, that the company’s valuation has surpassed $750 million, as reported in its latest funding round.

    Harmse remarked on the increasing demand for stablecoin infrastructure, particularly with the emergence of regulatory clarity through the passage of the GENIUS Act in the US. This has prompted major US banks to strategically position themselves in the crypto ecosystem. 

    Citi’s CEO, Jane Fraser, has indicated that the bank is contemplating the issuance of its own stablecoin while also exploring custodian services for digital assets. However, Citi is not alone in its pursuit of digital asset integration; JPMorgan Chase has already launched its own stablecoin-like token, JPMD.

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    Banks are increasingly investigating how blockchain technology—originally developed to support Bitcoin—can reduce transaction costs and enhance processing speeds across various financial operations. 

    This exploration includes the concept of tokenization, which involves creating digital tokens that represent traditional assets, such as deposits. For instance, Bank of New York Mellon is currently looking into tokenized deposits, while HSBC has already rolled out a tokenized deposit service.

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

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    Ronaldo Marquez

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  • BNB Price Hits $1,240 Record High: Partners With Chainlink For On-Chain US Economic Data

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    The BNB price continues to defy broader market trends, reaching an impressive new peak of $1,240 to kick off the week and solidifying its status as one of the top performers in the cryptocurrency industry. 

    BNB Chain Partners With Chainlink 

    Over the past 30 days, the BNB price has recorded an impressive 41% gain, driven in part by a recent collaboration between BNB Chain and Chainlink (LINK), dubbed as one of the market’s leading oracle providers. 

    This partnership was publicly announced on Monday on social media platform X (formerly Twitter), where Chainlink revealed that BNB Chain had adopted its data standard to make official US Department of Commerce data available on-chain. 

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    The data sourced from the Bureau of Economic Analysis will enable Chainlink Price Feeds to deliver critical macroeconomic indicators directly to BNB Chain. 

    These indicators include key metrics like Gross Domestic Product (GDP), the Personal Consumption Expenditures (PCE) Price Index, and Real Final Sales to Private Domestic Purchasers. 

    Chainlink asserts that the availability of such data opens up a series of new possibilities for developers, allowing for the creation of new types of digital assets, prediction markets that leverage transparent economic inputs, and perpetual futures markets grounded in official government statistics. 

    Furthermore, decentralized finance (DeFi) protocols can improve their risk management strategies by aligning them with real-world economic conditions.

    BNB Price Target Raised To $1,500 

    Market expert Crypto King has been vocal about the BNB price trajectory, asserting that the token is demonstrating a clear trend of upward momentum. 

    He identified three significant breakout phases: one in July that sparked a strong rally, a second in September, and the current breakout, which he believes is building toward new highs. Crypto King has set an ambitious target of $1,500 for Binance Coin, suggesting that this structural climb is anything but random.

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    However, not all market analysts share the same optimism. Another expert, known as Crypto Claws on X, has issued a cautionary note, warning that if the current momentum fizzles, a correction toward the $700 range by December could be on the horizon. 

    This scenario would imply a potential 43% decline for the BNB price, raising concerns about the token’s technical structure and the likelihood of a necessary pullback before the next significant bullish leg.

    In addition to the BNB price performance, other cryptocurrencies are also following the token’s lead. Bitcoin (BTC) has surged past the $125,000 mark, achieving a new record, while Ethereum (ETH) is just 5% shy of breaking its previous high. 

    Meanwhile, Chainlink’s native token, LINK, remains well below its all-time high of $52.70, currently trading just under $23—a gap of nearly 57% that suggests room for growth.

    The daily chart shows BNB’s price trending upwards. Source: BNBUSDT on TradingView.com

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

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    Ronaldo Marquez

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  • Dogecoin Eyes Massive Breakout: Next Move Depends On $0.30

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    Dogecoin has shown signs of renewed momentum after reclaiming ground above $0.26 in the past 24 hours, but it hasn’t made a clean breakout yet. Nonetheless, crypto analysts are bullish on the meme coin, and a few of them have highlighted important support, resistance, and breakout levels. As it stands, Dogecoin path to $0.3 still holds merit, and its reaction here will determine how its price action plays out.

    Analysts Map Out Bullish Setups And Near-Term Targets

    The $0.30 level, in particular, stands out as the next critical threshold for Dogecoin: both as a psychological and technical marker that could open the door for a stronger rally if conquered. 

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    For instance, crypto analyst Ali Martinez observed that Dogecoin is currently trading within an ascending channel. This pattern holds merit as a bullish continuation, and according to the analyst, Dogecoin is still in the accumulation phase. The projection on the chart shows all that’s needed now is for a clean break above $0.3 for Dogecoin to enter into an expansion phase.

    Dogecoin 1W Price Chart: @ali_charts on X

    EtherNasyonaL, another crypto analyst, is more aggressive with Dogecoin. According to his projection, Dogecoin has now completed a successful retest after breaking above a descending trendline of lower highs. The most recent 3-day candlestick now shows Dogecoin forming a bullish candle above $0.25, and now the next step is a bullish leg to new all-time highs.

    Dogecoin 3D Price Chart: @EtherNasyonaL on X

    Dogecoin has been consolidating in a clear nine-month ascending triangle and is now approaching a key breakout point, according to a TradingView analysis. The pattern has been forming since early 2025 with rising support around $0.22 and a horizontal resistance zone between $0.28 and $0.30.

    DOGEUSD now trading at $0.25. Chart: TradingView

    Therefore, a confirmed breakout above $0.30 could send the Dogecoin price to between $0.38 and $0.40, matching the height of the formation and aligning with a prior resistance zone from earlier in the year. The breakout must come with a strong daily candle close above $0.30 and a clear volume surge, ideally two to three times higher than normal.

    Failure to hold above $0.30 or a drop below $0.22 would invalidate the bullish setup, but for now, Dogecoin’s structure suggests that a decisive move is close.

    Dogecoin 4H Price Chart: The Pythia On TradingView

    Early Signs Of Strength

    Dogecoin needs enough trading volume in order to complete this predicted move. The move needs to be backed by a noticeable surge in trading volume, ideally two to three times higher than the recent average.

    Dogecoin’s trading volume has spiked notably in the past 24 hours, coming to $2.5 billion across all exchanges. Furthermore, active addresses and transaction frequency have both increased over the last few trading hours. 

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    At the time of writing, Dogecoin is trading at $0.2644, up by 4.5% and 16.7% in the past 24 hours and seven days, respectively.

    Featured image from Pixabay, chart from TradingView

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    Scott Matherson

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  • Key Price Breakout Sets Dogecoin On 153% Rally To Clear $0.65 – Details

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    Dogecoin’s price action in recent days has been defined by steady higher lows and attempts to break above $0.25. The meme coin has managed to maintain bullish momentum in the past 24 hours after ending September consolidating. 

    This recent move has kept Dogecoin’s uptrend intact on the daily chart, and according to technical analysis shared on the social media platform X by analyst Javon Marks, this structure could be setting the stage for a powerful upward move.

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    Breakout Structure And Higher Lows

    According to Marks, Dogecoin’s current price formation could be the early stages of a massive rally that carries the meme coin to $0.65 in a quick move. 

    This prediction is based off a clear sequence of higher lows (HL) and higher highs that has been forming on the Dogecoin price chart. This formation is on the 5-day candlestick timeframe chart, and it goes as far back as the 2022 bear market. The first higher low started from the capitulation low in 2022 and continued through 2023 into 2024. Each higher low shows growing buyer interest after every correction, which is a sign of bullish continuation on higher timeframes.

    The most recent example came during September’s downturn, when Dogecoin found a strong support at $0.22. Rather than breaking down further, the price rebounded from this level to create yet another higher low in the series. This response was important because it confirmed that Dogecoin’s uptrend was still intact.

    Dogecoin is currently trading at $0.24. Chart: TradingView

    Marks points out that this upward structure of higher lows means that another wave up is likely to be in the works. Therefore, the current phase between $0.22 and $0.25 now is more of a build-up before the next explosive move higher.

    Dogecoin 5-day price chart: Javon Marks on X

    The Case For A 153% Rally To $0.6533

    Marks’ projection goes beyond a simple breakout. The analyst projected Dogecoin to go on to create another higher high in the coming weeks and months. This wave up could be an over 153% run from Dogecoin’s current price level. 

    His chart identifies $0.6533 as the immediate target for this wave. Achieving this level would require Dogecoin to more than double from its current price, but this is not unprecedented given its price history. If Dogecoin were to reach the $0.6533 breakout target, it would be its strongest bullish rally since early 2021. However, this is still below its 2021 all-time high of $0.7316, meaning there’s still room for further upside if bullish conditions persist.

    Interestingly, the analysis also noted that Dogecoin might extend the rally above the $1 threshold. Particularly, the second price target is at $1.25711, although this may seem far-fetched in the short term.

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    At the time of writing, Dogecoin is trading at $0.2525, down by 1.7% in the past 24 hours, but up by 10% in a seven-day timeframe.

    Featured image from Pixabay, chart from TradingView

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    Scott Matherson

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  • Dogecoin Face-Melting Rally: This Bullish Impulse Will Send Price Toward $0.8 ATH

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    Dogecoin (DOGE) is currently showing signs of entering one of its strongest bullish phases yet, with an analyst pointing toward a rare chart formation that could trigger a powerful upside rally. According to technical analysis, Dogecoin may be on its way to hitting new all-time highs, with $0.8 marked as the next bullish target. 

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    Analyst Doubles Down On Bold Dogecoin Forecast

    A new analysis by Mikybull Crypto, a prominent market expert on X social media, reveals that Dogecoin has completed the critical phases of a Bump and Run reversal chart pattern—a setup that historically precedes explosive breakouts. With price action already reclaiming its trendline, the analyst has doubled down on earlier forecasts, predicting that the DOGE price could experience an explosive surge toward the $0.8 level.

    Sharing a price chart, Mikybull clearly highlights the textbook Bump and Run reversal, which consists of a lead-in phase, a bump phase, and a final breakout followed by a throwback to the trendline below $0.23. DOGE’s weekly price action has mirrored this chart structure, with the recent move back to retest the broken resistance now serving as a potential springboard for the next phase. 

    In technical terms, this “throwback” often marks the last opportunity for accumulation before the real rally begins. Mikybull, who has been closely tracking Dogecoin’s macro setup, emphasized in his X post that “the main bullish rally is about to kick off.” In an earlier update, the analyst described the upcoming bull phase as a “face-melting rally,” noting that the Bump and Run pattern is rare but extremely reliable when confirmed. 

    At the time of writing, Dogecoin is trading slightly above $0.25, and a rally to the projected $0.8 target would represent a massive gain of approximately 220%. Such a move would propel DOGE’s price beyond its 2021 record high of $0.73, setting a fresh ATH with an additional 9.6% upside. 

    DOGEUSD currently trading at $0.25. Chart: TradingView

    DOGE Breakout Structure Reinforces Rally Setup

    A second technical analysis by crypto market expert Unipcs on X delivers a similar bullish outlook for the Dogecoin price. His chart highlights a tightening wedge structure, where DOGE has been consolidating below long-term resistance while forming a series of higher lows. Recently, the price broke out from this compression zone, reinforcing the meme coin’s bullish narrative.

    Unipcs reiterated that “DOGE to $1 is a meme until it isn’t,” suggesting that this cycle could deliver the long-anticipated push toward the $1 price level. He further noted that Dogecoin looks primed for an aggressive move that could generate strong spillover effects for other major meme coins in the market. 

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    In an earlier post, he pointed out that Dogecoin’s structure still looked bullish on the Higher Time Frame (HTF), coinciding with the FED interest rate cut and the DTCC listing of a new Dogecoin ETF in September. With Digital Asset Trusts (DATs) and institutional players already accumulating, the analyst maintains a strong bullish stance on the meme coin’s price outlook. 

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • Bitcoin And Ethereum Defy Price Slump With Strong Exchange Outflows

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    The crypto market faced in recent months, as both Bitcoin and Ethereum broke below important support levels. Bitcoin broke below $110,000, while Ethereum also slipped under $4,000. This downturn triggered billions in liquidations and pushed the Fear and Greed Index into fear territory.

    However, data from on-chain analytics platform Sentora (formerly IntoTheBlock) reveals that accumulation is quietly underway. Despite the price declines, exchange outflows for both assets have remained strongly negative.

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    Key Weekly Metrics

    An extended decline carried over from the previous week saw the Bitcoin price falling below $110,000 with increasing selling pressure and liquidations of leveraged positions. However, despite this sharp move to the downside, on-chain data illustrates an interesting different trend occurring beneath the surface of the volatility. According to figures provided by the on-chain analytics platform Sentora, more than $5.75 billion worth of BTC flowed out of centralized exchanges over the course of the week.

    This outflow, although small compared to periods of strong bullish action, shows a lingering investor conviction, especially among some investors that might be taking advantage and buying the dip. 

    Ethereum’s price movement over the same period was even more pronounced than that of Bitcoin. The price crash saw the leading altcoin break down beneath the psychologically significant $4,000 support level and proceed to briefly test lower zones around $3,850. Still, despite the depth of this decline, the exchange flow data makes it clear that the bearish price action did not manage to deter accumulation activity across the network.

    BTCUSD now trading at $109,585. Chart: TradingView

    Over $3.08 billion worth of ETH exited exchanges during the week, which serves as evidence of a continued willingness among investors to steadily accumulate Ethereum, even in the face of short-term losses and market pressure.

    Outflows Drive Exchange Balances To Multi-Year Lows

    Interestingly, Ethereum last week’s outflows ties into a notable trend that has been developing in recent months. Data shows that Ethereum’s total supply on exchanges has dropped to just 14.8 million ETH, its lowest level since 2016. Much of this supply has been redirected into staking, long-term cold storage, and DeFi protocols, which have all led to a drastic decline in the ETH on trading platforms.

    ETH balance on exchanges. Source: Glassnode

    Data from a CryptoQuant Quicktake post by contributor CryptoOnchain adds further weight to this trend of heavy outflows. Between August and September 2025, Ethereum’s 50-day Simple Moving Average (SMA) netflow dropped below -40,000 ETH per day, the lowest level seen since February 2023. This persistent negative netflow shows that investors have been steadily shifting their ETH away from exchanges and placing it into staking, cold storage, or other long-term holding options. “Lower exchange balances equals reduced short-term supply,” the analyst said.

    Ethereum Exchange Netflow

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    At the time of writing, Bitcoin was trading at $109,585, while Ethereum traded at $4,011.

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • Dogecoin Is Sitting On A Powder Keg: Here’s The Explosion That Will Send Price To $1.3

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    Dogecoin’s price action is working on a rebound after hitting $0.222 in the past 24 hours. Zooming out into a larger timeframe shows the price structure on the weekly timeframe is pointing to an explosive breakout is in the making. Technical analysis shows that the meme coin, which has already shown it can deliver extraordinary rallies, is now sitting on a powder keg that will send it to new all-time highs. Particularly, technical projections indicate that if the current trend continues, Dogecoin could surge to $1.30.

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    Pattern Repetition Points To $1.3 Target

    The first interesting chart observation focuses on how Dogecoin rallies unfold in repeating waves of expansion. This analysis, which was posted on the social media platform X by 

    Kamran Asghar, shows how Dogecoin has been following a repeating structure in the weekly candlestick timeframe chart. 

    In late 2023, the Dogecoin price broke out of consolidation with a 300% surge, followed by another wave in 2024 that delivered a 500% rally from trendline support to resistance. Each cycle began with a bounce from the ascending white trendline shown on the weekly chart below, which has consistently acted as the backbone of Dogecoin’s long-term uptrend.

    Now, the pattern is setting up for what could be an 800% rally, highlighted in the green projection box on the chart below. This move, if completed, would see the Dogecoin price rallying past its current all-time high of $0.7316 and finally breaking above the $1 price level. Particularly, the projection puts Dogecoin rallying more than 800% to reach a price target around $1.30.

    Chart Image From X: Kamran Asghar

    Dogecoin Bullish Channel Still Intact Since 2021

    Another technical analysis looks at a broader view of Dogecoin’s performance over the last four years. Price action on the weekly timeframe is plotted within a colored channel system, starting from the 2021 breakout, as shown in the chart below. The lower orange line has consistently acted as support, while the green midline has worked as a pivot point. Lastly, the upper blue line is serving as resistance.

    DOGEUSD currently trading at $0.23. Chart: TradingView

    At the time of writing, Dogecoin is trading around $0.23, and this is just between the green midline and the orange support, meaning the bullish structure is still playing out. According to analyst KrissPax, who posted the technical analysis on the social media platform X, Dogecoin is still on track to keep moving to the upper band of the channel, which is marked in blue. Reaching this upper band would put the meme coin in the $0.70 to $1.00 range and retesting its all-time high in 2021. However, in this case, the first step would be to break above the green midline, which is currently around $0.4.

    Chart Image From X: KrissPax

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    Meanwhile, Dogecoin is trading at $0.23, up by 1.1% in the past 24 hours. Investors are awaiting the SEC’s approval of a Spot Dogecoin ETF.

    Featured image from Pixabay, chart from TradingView

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    Scott Matherson

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  • XRP Price Is ‘Firing On All Cylinders’ As Super Rare Bullish Setup Emerges

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    The cryptocurrency market remains in disarray following widespread declines, yet the XRP price continues to attract the attention of analysts who maintain an optimistic outlook. One expert noted that XRP has just printed a rare and bullish setup, with multiple chart indicators aligning in support of upward momentum.

    XRP Price Forms Rare Multi-Layered Bullish Setup

    According to crypto market expert Bobby A, XRP is in a rare market position, consolidating above key historical levels while preparing for a move that could lead to new all-time highs. He noted that different indicators are aligning in support of a possible uptrend.  

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    In a chart shared on X social media, Bobby explained that XRP’s market capitalization has been holding above its 2018 peak for more than 300 days, an uncommon show of strength amid the recent downturn. This long consolidation above a major resistance-turned support level suggests a massive build-up of energy before the next leg higher. He argues that this base formation signals a potentially explosive move to the upside, with the next market cap targets identified at $173 billion and a peak around $727 billion.

    On the price front, Bobby reveals that XRP has been forming a multi-month bullish flag pattern on its charts. He labels the critical support zones as “Base Camp 1” around $1.9 and “Base Camp 2” at $2.89—both of which have been successfully defended. He further highlighted that the monthly Relative Strength Index (RSI) is also positioning itself for one final push toward overbought territory, often a precursor to a sharp upward move. Based on his projections, XRP’s take profit zones sit between $5 and $13, levels that would mark fresh all-time highs.

    Bobby’s analysis highlights that XRP’s indicators are “firing on all cylinders,” with momentum across higher timeframes aligning for a potentially powerful surge. He further pointed out that Bitcoin Dominance (BTC.D), currently at 58.7%, is set to retrace toward the mid-to-low 40% zone soon. Such a move would enable altcoins like XRP to capture a larger market share, thereby reinforcing the likelihood of a bullish breakout. The analyst described this rare alignment as a generational setup that occurs only a few times in a decade.  

    Bearish Divergence Sparks Short-Term XRP Sell-Off

    While XRP appears to be resisting the present market downturn, not all analysts share an immediate bullish sentiment. Crypto expert JD has warned about a Bearish Divergence forming on XRP’s weekly chart—a signal that has now played out as expected. 

    XRP currently trading at $2.77. Chart: TradingView

    As shown in the chart, while XRP’s price made higher highs, the RSI indicator printed lower highs, creating a textbook Bearish Divergence pattern. This divergence has already led to a sharp 27% correction from the $3.37 take profit level that JD had previously identified. According to him, many market participants are now questioning why XRP has been under pressure despite broader optimism. 

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    JD argues that the Bearish Divergence was the clearest warning signal, and those who ignored it are now witnessing its full effect. He cautions that while XRP may still avoid a deeper breakdown into the “grey box” supply zone, the short-term trajectory remains bearish until momentum resets. 

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • All-Time Highs For Gold, S&P500; Crypto Stands Alone In The Red – What’s The Root Cause?

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    Crypto markets have recently faced renewed challenges, despite a brief resurgence following the US Federal Reserve’s (Fed) rate cut that initially propelled Bitcoin (BTC) back toward the $120,000 mark. 

    This week, however, Bitcoin has dropped to the lower end of its established consolidation range, fluctuating between $110,000 and $115,000. Analysts from The Bull Theory have pinpointed several factors contributing to this downturn.

    How Fed Policies And QT Are Impacting Crypto

    One of the primary reasons for the current situation is the ongoing capital flow favoring traditional assets. In the wake of rate cuts, institutional investors tend to channel their funds into stocks and gold first, as these are considered high-liquidity assets with a proven track record. 

    In contrast, cryptocurrencies, particularly altcoins, often find themselves at the end of the liquidity pipeline. They typically see price increases only when risk appetite broadens significantly among investors.

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    Additionally, liquidity remains tight in the crypto space, despite the Fed’s recent actions. While the central bank cut rates in September, other variables are restricting the flow of capital into cryptocurrencies. 

    Quantitative tightening (QT) is still being implemented, with the Fed actively reducing its balance sheet. Moreover, the US Treasury is absorbing liquidity through the replenishment of the Treasury General Account (TGA), and money market funds are currently holding over $7.7 trillion in cash that remains largely idle. 

    This lack of liquidity means that any spillover effect into the crypto market will be limited, resulting in a slower rotation of capital into digital assets.

    Cyclical Trends Suggest Potential Rebound

    The macroeconomic patterns observed in September 2024 are also reemerging. Last year, following a rate cut, Bitcoin surged past $60,000, while Ethereum (ETH) and other altcoins enjoyed significant gains. However, this was followed by a sharp decline, with Bitcoin dropping 11% and Ethereum experiencing an even steeper fall. 

    In a similar vein, this September has seen Bitcoin hover around $112,000 after briefly touching $118,000, while Ethereum has slipped from $4,600 to approximately $4.1,00. 

    This cyclical pattern suggests that crypto may be primed for a rebound, but only after a period of consolidation and confirmation. Moreover, the impending expiry of options contracts for Bitcoin and Ethereum is adding another layer of volatility to the market. 

    Stablecoin Movement And Institutional Inflows

    Another factor impacting the market is the supply and velocity of stablecoins. While the total supply of stablecoins has surged from $204 billion in January to $308 billion in September—an all-time high—the velocity of these assets is not keeping pace. 

    The analysts have identified that much of this capital remains inactive, either sitting idle, bridged, or utilized off-exchange. Until stablecoin velocity increases, the price impact on cryptocurrencies is likely to remain subdued.

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    Looking ahead, historical trends suggest that although crypto may be lagging in the short term, they often follow traditional assets with significant gains once the market stabilizes. 

    In the aftermath of all-time highs in equity markets, Bitcoin has previously averaged a 12% increase within 30 days and a remarkable 35% over 90 days. Notably, following the Nasdaq’s all-time highs, Bitcoin surged by an impressive 46% in the same 90-day timeframe.

    For crypto markets to regain their momentum, active movement of stablecoins is essential, along with a cooling off of derivatives trading and substantial purchases from institutional investors and exchange-traded funds (ETFs).

    The daily chart shows the total crypto market cap valuation at $3.8 trillion. Source: TOTAL on TradingView.com

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

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    Ronaldo Marquez

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  • XRP Needs To Defend $2.98 Support To Avoid Deeper Correction – Details

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    XRP has failed to maintain bullish momentum after pushing as high as $3.13 during the week. At the time of writing, XRP is trading around $3.00 and testing its resilience above this level after sliding alongside Bitcoin. The resulting price action is a defining moment for XRP’s short-term trend, according to technical analysis, and crypto analyst CasiTrades has pointed out a decisive support level that could determine whether the bullish structure remains intact.

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    XRP Tests $2.98 Support Zone

    Taking to the social media platform X, crypto analyst CasiTrades highlighted an important support level that XRP must hold in order to continue its bullish momentum. According to CasiTrades, XRP’s most immediate challenge is at the $2.98 support line. 

    The analyst’s technical analysis outlines an Elliott Wave formation now unfolding into an ABC corrective pattern. The analysis unfolds XRP’s price action since the beginning of September into Elliot Waves and suggests that XRP is now playing out Wave 4, which is a corrective wave divided into an ABC pattern. 

    Although XRP is still holding above $2.98, momentum indicators such as the RSI on both the one-hour and four-hour timeframes show no bullish divergence, often a necessary condition for reversal. This puts the $2.98 level in the spotlight, and a break below it could increase the likelihood of further downside pressure.

    The analysis highlights the possibility of corrective Wave C extending below $2.98 towards Fibonacci retracement levels near the low $2.90s. The measured C wave extension points to the 0.618 Fib retracement, which is around $2.92 and $2.94. 

    XRPUSD now trading at $2.98. Chart: TradingView

    Interestingly, the 15-minute chart does reveal a short-term bullish divergence, offering a small window for relief bounces. However, without confirmation on the higher timeframes, such reactions are likely to remain temporary. The broader outlook, as outlined by the analyst, still leans toward the probability of another downward wave unless buyers step in strongly at $2.98 to restore confidence and preserve the larger bullish structure.

    Chart Image From X: CasiTrades

    Implications If XRP Holds Above $2.98

    If buyers manage to hold above $2.98, XRP could stabilize and enter a consolidation phase that will create a foundation for the next leg higher. This consolidation would give the XRP price the breathing room it needs for an eventual upward attempt, one that would mark the beginning of an impulse Wave 5 formation within the Elliott Wave count. In this scenario, a decisive push through the $3.10 level becomes the first hurdle, and breaking it would confirm that bullish momentum is once again in play.

    Should XRP successfully clear $3.10 with volume and follow-through, the next target identified by the analyst is another resistance at $3.25. A sustained bullish momentum beyond this point could carry the price toward the next resistance at $3.44.

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    At the time of writing, XRP is trading at $3.01, down by 2.8% in a seven-day timeframe. Preserving the bullish wave structure and holding above $2.98 at this point is essential to avoid the corrective pattern turning into a deeper downtrend. 

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • As XRP Grabs Headlines, Can Cardano Price Surge Toward $100?

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    While tokens like XRP dominate headlines amid rising ETF approval speculations, the Cardano price is also gaining attention as market conditions slowly recover from bearish trends. New data from Changelly, a crypto exchange, has suggested that Cardano could be gearing up for a massive breakout. The big question now is whether the cryptocurrency has the momentum to reach a $100 milestone. 

    Why A $100 Cardano Price Remains A Distant Goal

    Cardano’s price action has generated significant interest in recent months, as analysts from Changelly attempt to project its next big move. According to their forecasts, ADA remains a relatively low-priced cryptocurrency compared to some of its altcoin rivals like XRP, with projections pointing to modest gains in the near term and a potential surge above $100 by 2040. 

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    Changelly’s outlook for 2025 suggests a trading range between $0.77 and $0.97, with the average price stabilizing around $1.17. These numbers highlight a steady upward trend but remain far from the speculative $100 level. Breaking this down further, experts from the crypto platform project that in September 2025, ADA could fluctuate between $0.891 and $0.924, averaging near $0.908. 

    By October 2025, expectations widen slightly, with potential movement between $0.88 and $1.17. November’s outlook places the Cardano price between $0.77 and $1.05, averaging around $0.91, while December 2025 suggests values between $0.807 and $0.87. Taken together, these estimates show that ADA is likely to continue strengthening its price floor while maintaining realistic, incremental growth rather than explosive parabolic moves.

    ADAUSD now trading at $0.89. Chart: TradingView

    From this perspective, a $100 Cardano price seems improbable within the near or mid-term future. However, in the long-term, Changelly predicts that ADA could exceed the $100 target to reach $116.83 by February 2040. The maximum price for that month has also been set at $132.72. 

    Cardano’s Price Action

    While Changelly’s technical analysis provides insight into potential short-term price movements, Cardano’s long-term story is deeply rooted in its fundamentals. At present, the cryptocurrency trades around $0.91 with a circulating supply of over 35.7 billion ADA, giving it a market capitalization of approximately $32 billion. 

    ADA has displayed steady momentum in the last week, climbing 1.48% and nearly 6% over the past month. According to Changelly, this growth signals that Cardano still commands a solid market presence, reinforcing its potential for a breakout soon. Although the cryptocurrency has dipped by over $0.01 in the past 24 hours, Changelly points out that recent trading activity has turned notably bullish for the cryptocurrency.   

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    While Cardano’s strong fundamentals fuel its  expanding ecosystem and steady price recovery, its vast circulating supply makes a potential surge to $100 mathematically challenging. Reaching this level would demand a market cap far exceeding that of Bitcoin at its peak. Still, Changelly notes that ADA is showing great potential lately, suggesting that its current price level could be a good buying opportunity for investors.  

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • Santiment Highlights Top Tokens: Bitcoin, Ethereum, And Dogecoin Dominate Social Buzz

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    Conversations across the crypto space are circling back to blue-chip tokens, with Bitcoin, Ethereum, and Dogecoin taking the spotlight. Data from on-chain analytics platform Santiment shows that top market cap cryptocurrencies are dominating the surge in social chatter, with discussions ranging from institutional adoption and ETF speculation to technical barriers and ecosystem growth. Alongside them, Strategy, Tether, and MultiversX are also attracting strong attention.

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    Bitcoin And Ethereum Dominating Attention

    Despite price resistance at $112,000 throughout last week, Bitcoin is still the most closely watched cryptocurrency by analysts and investors. According to on-chain analytics platform Santiment, Bitcoin is currently dominating among crypto investors thanks to extensive discussions about its long-term role as digital gold, a monetary network, and a hedge against inflation. Conversations focus heavily on its scarcity, institutional demand, and the importance of self-custody. Traders are also discussing Bitcoin’s liquidity in flash crypto offers that allow instant trading and spending across multiple platforms. 

    Ethereum is trending, with mentions also tied to its role in flash tokens and its utility across wallets and decentralized platforms. ETH discussions are based on its transferability and use in trading, staking, and gaming, while institutions continue to accumulate large volumes. However, the Ethereum price is also facing technical struggles in breaking above $4,500, having been rejected at $4,480 multiple times in the past seven days.

    BTCUSD currently trading at $111,170. Chart: TradingView

    Strategy And Dogecoin Also Generate Social Buzz

    Strategy’s and its MicroStrategy ($MSTR) stock are also hot topics due to the company’s massive Bitcoin reserves and its reputation as a leveraged proxy for BTC exposure. Particularly, market chatter has picked up around its potential inclusion in the S&P 500, which could cause institutional buying and fund inflows. At the same time, discussions show that investors are debating whether MSTR shares or Bitcoin ETFs provide better exposure.

    Unsurprisingly, the word “Dogecoin” is in the limelight due to multiple developments last week. Most of Dogecoin’s mentions are based on the upcoming Rex-Osprey Dogecoin ETF, which could become a historic first for Dogecoin ETFs in the US financial market. Furthermore, Trump-backed company Thumzup is expanding Dogecoin mining operations by adding 3,500 rigs. Despite choppy price action last week, Dogecoin managed to close above $0.21.

    Tether ($USDT) also saw huge mentions last week after the company announced deeper investments into gold, with its reserves now exceeding $8.7 billion. The company aims to expand into mining, refining, and trading, with its CEO calling gold a natural bitcoin. Additionally, new token listings related to Tether are appearing on platforms like BitMart.

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    MultiversX ($EGLD), meanwhile, is facing a different kind of attention. Social discussions highlight concerns about dilution of its supply and the migration of projects to other chains like SUI, raising doubts about long-term use cases. However, there’s optimism on projects such as xPortal and xMoney, with hopes that buyback mechanisms and upcoming launches could bolster value. 

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • WLFI Token Controversy: Justin Sun Denies Selling Rumors Following Address Blacklist

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    Trump-backed DeFi project World Liberty Financial has blacklisted an address linked to Justin Sun after it reportedly transferred some of its WLFI tokens, sparking allegations of market manipulation.

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    World Liberty Financial Blacklists Justin Sun

    On Thursday, World Liberty Financial reportedly blacklisted the Tron founder’s address following his recent movements of his WLFI holdings and multiple online accusations that he was selling.

    According to Arkham data, Sun claimed 600 million WLFI tokens at the Token Generation Event (TGE), valued at $200 million at the time, as 20% of the 100 billion tokens were unlocked.

    The Tron founder was one of the earliest investors in World Liberty Financial in 2024 and was recognized as the top holder of US President Donald Trump’s official memecoin, TRUMP, earlier this year.

    On September 1, he shared his conviction on the token, affirming that WLFI “will be one of the biggest and most important projects in crypto.” He also stated that he had “no plans to sell our unlocked tokens anytime soon. The long-term vision here is too powerful, and I’m fully aligned with the mission.”

    Nonetheless, multiple on-chain analysis platforms revealed that Sun had started to move his unlocked tokens, sparking rumors that he was selling. On-chain data showed that he had sent 4.9 million WLFI to crypto exchange HTX, owned by the Tron Founder, over the past two days.

    Sun reportedly transferred 50 million tokens, worth $9.12 million, to a new wallet on Thursday morning, “likely to be deposited into HTX.” Meanwhile, Wu Blockchain noted that over the past 32 hours, HTX address “HTX 48” transferred approximately 60,000,000 WLFI tokens to Binance deposit address 0xf387D7…29FcB5.

    Sun Denies WLFI Selling Accusations

    Following the $9 million move, “World Liberty Financial’s controlling address 0x407F…5178 called the guardianSetBlacklistStatus function on the WLFI Token contract, blacklisting the address 0x5AB2…DA74, which is associated with Justin Sun,” Wu Blockchain explained.

    WLFI’s controlling address blacklists Justin Sun-linked address. Source: Wu Blockchain on X

    The action froze Sun’s unlocked and 2.4 billion locked WLFI tokens. Tron’s founder responded to the accusations on X, stating that his address just conducted “a few test deposits on exchanges with very low amounts, followed by an address distribution.”

    He added that these tests “did not involve any trading activities and could not have impacted the market in any way,” but did not comment on the blacklist. At the time of writing, World Liberty Financial has not addressed the situation.

    WLFI’s Price Hits New Low

    The news comes as WLFI’s price struggles just three days after launching. Earlier today, the token hit an all-time low (ATL) of $0.16 before bouncing to the $0.18 mark. This performance represents a 20% decline over the past 24 hours and a nearly 45% drop from its all-time high (ATH) of $0.33.

    Market watcher Daan Crypto Trades noted that the cryptocurrency has broken down from a triangle formation, where the price was compressing for the past two days. According to the trader, WLFI saw a “quick acceleration as expected” and “even gave a nice retest before the continuation down.”

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    Meanwhile, analyst Ali Martinez suggested that te bottom might not be in, highlighting that the token now risks a 25%-50% drop after losing the $0.20 area as support.

    WLFI
    WLFI’s performance on the three-day chart. Source: WLFIUSDT on TradingView

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

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    Rubmar Garcia

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  • ETH And BTC ETFs Reverse Gains With $291M In Outflows Ahead Of New Week

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    US-based crypto ETFs have witnessed a change in dynamics in August, which has seen inflows tipping towards Ethereum ETFs. However, last week’s trend of strong inflows ended with substantial outflows on Friday, with Ethereum ETFs leading the retreat with $164.64 million and Bitcoin ETFs following with $126.64 million. This sudden reversal coincides with an interesting timing of stubborn inflation data that seems to have rattled institutional investors.

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    A Sudden Reversal At Week’s End

    According to data from Farside Investors, US-based Spot Ethereum ETFs ended the week with $164.64 million in outflows. The outflows came from Fidelity’s FETH with $51 million, Bitwise’s ETHW with $23.7 million, Grayscale’s ETHE with $28.6 million, and Grayscale’s ETH with $61.3 million. BlackRock, on the other hand, witnessed neither inflows nor outflows into its Spot ETH ETFs, alongside 21Shares, VanEck, Invesco, and Franklin Templeton Ethereum ETFs.

    Friday’s outflows were a jarring departure from the steady gain that had defined Ethereum’s Spot ETFs since August 21. Ethereum’s six-day inflow streak, which had added about $1.876 billion, was brought to an abrupt end with the outflows on Friday. As a result, total assets under management for Spot Ethereum ETFs dipped to $28.58 billion.

    Ethereum ETF Flow: Farside Investors

    Meanwhile, Spot Bitcoin ETFs also recorded their first daily decline since August 22 with $126.64 million in outflows on Friday. As a result, their total assets under management dropped to $139.95 billion.

    However, not every issuer felt the pressure with Bitcoin. Fidelity’s FBTC led the exodus with $66.2 million, followed by ARKB’s $72.07 million and GBTC’s $15.3 million in outflows. On the other hand, BlackRock’s IBIT still managed $24.63 million in inflows and WisdomTree’s BTCW drew in $2.3 million amid the wider outflows. 

    Bitcoin ETF Flow: Farside Investors

    The underlying cause of the outflows can be attributed to investors digesting the latest data on inflation released on Friday. Notably, the US core Personal Consumption Expenditures (PCE) index climbed 2.9% year-over-year in July, the fastest pace since February, creating fears that the Federal Reserve may hold off on rate cuts.

    What May Lie Ahead This Week

    As a new trading week begins, Spot ETF flow in both Ethereum and Bitcoin is likely to depend on how investors continue to interpret the data. If inflation pressures persist, institutional investors may retreat further at the beginning of the week. However, any signs of cooling could see inflows resume mid-week, particularly into Ethereum, where fundamentals are currently favorable.

    On the price side of things, Bitcoin’s hold above the $108,000 price may offer some relief. However, it needs to stay above $110,000 in order for any upside move to gain momentum. At the time of writing, Bitcoin is trading at $109,910.

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    For Ethereum, a daily close above $4,500 could confirm the return of bullish confidence, whereas a slide below $4,400 might signal further weakness. At the time of writing, Ethereum is trading at $4,470, up by 1.7% in the past 24 hours.

    Featured image from Unsplash, chart from TradingView

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    Scott Matherson

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  • Bitcoin’s Next Stop $183K? On-Chain Data Points to Explosive Cycle Peak

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    Bitcoin remains under pressure after sliding from its all-time high above $124,000 earlier this month. At the time of writing, the asset trades at $110,219, reflecting a weekly decline of about 2% and a broader drop of more than 10% from its peak.

    Despite the correction, analysts continue to examine on-chain data for signs of the market’s next direction. Among the latest insights, CryptoQuant contributor CryptoOnchain highlighted the significance of the MVRV (Market Value to Realized Value) Price Bands, a long-observed metric used to assess market cycles.

    According to the analyst, Bitcoin’s current positioning above key support bands suggests the uptrend remains intact, but with room for both continued growth and potential volatility.

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    MVRV Price Bands Point to Potential Cycle Top

    The MVRV Price Bands model has historically been used to identify both bottoms and tops in Bitcoin’s long-term cycles. CryptoOnchain noted that the model’s lower band, often referred to as the “floor price,” reliably marked market lows in 2018 and 2022, while the upper band highlighted cycle peaks such as 2017 and 2021.

    Bitcoin realized value price model. | Source: CryptoQuant

    Currently, Bitcoin’s trading price is positioned well above the model’s floor price of around $52,300 and its median support level of approximately $91,600. This indicates what the analyst referred to as a “healthy uptrend” with persistent activity from long-term holders.

    Importantly, the model’s projected ceiling price suggests that Bitcoin could reach as high as $183,000 by August 2025, assuming historical trends remain consistent.

    The analyst emphasized that while the ceiling level offers a potential target, traders should monitor the mid-price band for signs of weakening momentum. A decisive move below this level could indicate a shift in trend, raising the possibility of deeper corrections even within a bullish cycle.

    Bitcoin Cost Basis Trends Reflect Market Behavior

    A separate analysis by CryptoQuant contributor BorisD provided additional context by examining the cost basis of Bitcoin investors on Binance. Data shows that the average deposit address cost basis on Binance has risen from $44,000 earlier this year to $62,000.

    This suggests that investors are actively accumulating at higher price zones, particularly around Bitcoin’s recent peaks. New whale investors, defined as large-scale buyers with significant holdings, currently hold an average cost basis of $108,000, which is emerging as a key support level.

    Bitcoin cost-basis comparison.
    Bitcoin cost-basis comparison. | Source: CryptoQuant

    According to BorisD, this level could serve as the foundation for the next leg of upward momentum if demand persists. At the same time, miner-linked wallets showed a slight reduction in their average cost basis from $58,000 to $54,000, hinting at modest selling pressure from mining operations.

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    Long-term holders, meanwhile, remain well positioned, with a cost basis near $40,000. This region has historically been considered a strong accumulation zone, providing resilience during broader market corrections. BorisD pointed out that cost basis levels often track closely with price behavior and can act as both support and resistance during volatile swings.

    Bitcoin (BTC) price chart on TradingView
    BTC price is moving downwards on the 2-hour chart. Source: BTC/USDT on TradingView.com

    Featured image created with DALL-E, Chart from TradingView

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    Samuel Edyme

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