Analyst Owen Lau cites Bullish’s global growth, new options platform and improving sentiment despite a lower price target.
After what started as a disappointing week, the Coinbase stock (Ticker: COIN) seems to be back on a recovery path. COIN briefly touched the $350 level on Friday, October 31st, rallying on the positive earnings report and new developments from this week. According to a new report, Coinbase has also entered into late-stage talks to purchase stablecoin infrastructure BVNK in an estimated $2 billion deal. This move represents a play in a much larger stablecoin industry push by the largest US-based cryptocurrency exchange. Exchange Closes In On $2 Billion BVNK Deal On Friday, Bloomberg reported that Coinbase is looking to complete a $2-billion acquisition of the London-based BVNK, pending due diligence. The San Francisco-based cryptocurrency company expects to close this deal before the year’s end or early next year, according to one of the sources close to the matter. Related Reading: Bitmine Buys 44,036 Ethereum Worth $166M During Market Dip – Details According to the report, the company’s venture capital arm, Coinbase Ventures, is an investor in BVNK. One of the cited sources also revealed that while the deal is already in late-stage talks, terms may change, and the deal is still at risk of collapsing. A Coinbase spokesperson told Bloomberg in a statement: We don’t comment on rumors or speculation. Driven by our mission to expand economic freedom globally, we actively explore various opportunities—whether through building, acquiring, partnering, or investing – to advance our mission. This latest Bloomberg report somewhat adds credence to the Fortune report—from earlier this week—that disclosed that Coinbase holds exclusivity with BVNK for takeover talks after winning the bidding war. Mastercard was reportedly also engaged in talks with the stablecoin infrastructure before setting its sights on Zerohash, another crypto startup, for over $1.5 billion. Hence, this BVNK purchase by Coinbase, if completed, would represent the latest one in a growing list of stablecoin-related deals in recent months. These developments come on the back of the introduction of the first crypto regulation (the GENIUS Stablecoin Act) in the United States. Coinbase Posts Strong Earnings In Q3 2025 While Coinbase’s Q3 earnings call trended for an unusual reason, after CEO Brian Armstrong dropped a list of crypto buzzwords relevant to the Mentions Market, the crypto company delivered strong profits in the last quarter. The US-based crypto company reported about $1.9 billion in revenue and a bottom line of approximately $432.6 million in 2025’s third quarter, representing a 55% year-over-year increase. Meanwhile, the firm’s Bitcoin holdings have also jumped by 2,772 BTC to 14,458. As of this writing, the Coinbase stock (COIN) is valued at about $343.78, reflecting a 4.6% jump in the past 24 hours. Related Reading: Ethereum Price Could Crash Below $3,400 After Rejection From 0.618 Fibonacci Level Featured image from Shutterstock, chart from TradingView
Technical wallet hacks, including phishing and malware, are the second most common threat, making up 33.7% of incidents.
Bitcoin (BTC) liquidity is drying up fast, as the metric recently hit a seven-year low, reaching around 3.12 million BTC, the lowest level since 2018. This occurred as BTC continued to trade below the 99-day Moving Average (MA), located around $112,086. Bitcoin Liquidity Dries Up Amid High Demand According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin’s sell-side liquidity is drying up at a rapid pace, recently hitting a seven-year low at 3.12 million BTC. Related Reading: Bitcoin Cycle Score Turns Negative With Trend Below $106,780 – When Will The Correction End? As BTC’s supply tumbles sharply, the cryptocurrency is trading in the low $110,000 range, indicating a delicate balance between falling active circulating supply and growing institutional demand. Latest on-chain data shows that demand for BTC from long-term holders’ addresses has been steadily rising. Over the past 30 days, long-term investors have accumulated 373,700 BTC. Long-term investors accumulating BTC during the latest dip shows that there is sufficient market demand for the flagship cryptocurrency despite a volatile crypto market. Arab Chain remarked that the market is currently in a “quiet accumulation” phase ahead of a potential breakout. The CryptoQuant analyst emphasized that the Liquidity Inventory Ratio (LIR) has crashed to around 8.3 months, suggesting that current market liquidity covers less than nine months’ worth of demand – confirming the rapid depletion in BTC’s sellable supply. For the uninitiated, the LIR measures the balance between available liquidity and active trading demand in the market, showing whether market makers are providing sufficient depth relative to recent trade volume. A high LIR suggests ample liquidity and stable price movement, while a low LIR indicates thinner order books and higher vulnerability to volatility or slippage. The medium-term outlook for BTC looks bullish, due to a combination of declining liquidity and growing demand from institutional and long-term investors. Arab Chain added: If this trend continues through the end of the fourth quarter, Bitcoin’s price could surpass $115,000, especially if accompanied by rising buying flows from US investment funds and ETFs, supporting the continuation of the current bullish trend. BTC Top Not In Yet While some analysts predict that BTC may have already peaked this market cycle, others are confident that the top cryptocurrency is yet to hit its cycle high. Recent on-chain data indicates that BTC NVT Golden Cross is yet to enter the territory that marked previous cycle tops. Related Reading: Bitcoin’s Next Bull Phase Could Be Near As BTC-Stablecoin Ratio Plummets Similarly, fellow CryptoQuant analyst PelinayPA predicted that there is a 55% chance that Bitcoin has not yet topped for the current market cycle. At press time, BTC trades at $111,295, up 2.1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
A recent MEXC Q3 report highlighted the strong performance of the crypto market during the last quarter, which saw active traders surge as the total crypto market capitalization climbed to the $4 trillion mark. Related Reading: Fetch.AI CEO Offers Reward To ‘Uncover’ Ocean Protocol’s Alleged $120M FET Dump Spot Market Sees Strong Q3 Performance On Wednesday, crypto exchange MEXC published its Q3 2025 Ecosystem & Growth Report, highlighting sustained expansion, robust user activity, and security from the previous quarter. According to the report, the exchange experienced strong activity and trading momentum during the market run between July and September, with over 680 new tokens added to the crypto exchange in Q3, representing a 17% increase from Q2. Moreover, the number of active users trading new listings in the exchange increased 16%, while the trading volume for these tokens surged 97%. The report also noted that the spot market had a “particularly robust” performance last quarter, with the top 10 highest-volume tokens recording an average peak gain of 2,933%, a 158% jump from Q2. Notably, memecoins, AI + Web3, Perpetual Decentralized Exchanges (DEXs), and stablecoin protocols were among the dominant narratives, with tokens like STBL, Chainbase (C), and DeAgentAI (AIA) showing remarkable 500% to 12,00% performances. Meanwhile, the BSC ecosystem outperformed all other ecosystems, taking six of the top 10 tokens by growth in the crypto exchange. The report detailed that BSC projects produced an average return of over 9,000%, including TALE, BAS, and MEAL. It’s worth noting that the BSC outperformed other networks in DEX activity earlier this month, with data showing that it recently ranked first across all chains, surpassing Ethereum and Solana on DEX daily trading and chain fees. Additionally, BSC reached a new all-time high (ATH) of 5.02 trillion gas used in a single day two weeks ago. MEXC also highlighted that BSC’s strength was matched by the Ethereum and Base ecosystems, which recorded strong performance with GAIA, ERA, and Avantis (AVNT), “representing the growing cross-chain vitality of Layer-2 and DeFi derivative protocols.” Crypto Losses Trend Slows Down The report revealed that the crypto exchange intercepted 48 fraud cases last quarter, freezing nearly $5 million in illicit funds. As part of its efforts to prevent fraud, it also restricted more than 19,000 suspicious accounts, including 17,000 collusive accounts and over 2,000 bot-trading accounts. Notably, a concerning trend that has been developing this year, which could drive theft from digital asset services to a new milestone by the end of 2025. According to Chainalysis, crypto theft this year has been “more devastating” than the entirety of 2024, with over $2.7 billion worth of funds stolen from crypto services in the first half of 2025. Related Reading: Bitcoin (BTC) Price Eyes $114,000 Retest Amid Bounce, But Analyst Suggests Caution As reported by NewsBTC, hacks significantly increase at the start of Q3, driving over $100 million in losses for exchanges. Q2 showed a diminishing trend in total crypto losses, with May and June recording 40% and 56% month-on-month (MoM) declines, respectively. This trend briefly shifted in July as the total value of stolen funds surged 27.2% from the previous month. Nonetheless, recent reports show that total funds lost to crypto hacks and exploits dropped around 37% in Q3, despite the market rally and initial trend. Featured Image from Unsplash.com, Chart from TradingView.com
After the massive crash on October 10 – which saw Bitcoin (BTC) touch $102,000 before recovering some losses – some analysts now predict that the top cryptocurrency may be on the verge of another bullish rally as it enters the ‘disbelief phase.’ Bitcoin In Disbelief Phase – Trouble For Bears? According to a CryptoQuant Quicktake post by contributor Darkfost, Bitcoin appears to be entering the disbelief phase, which increases the possibility of a rebound to the upside. The contributor emphasized the slightly negative funding rate to support their analysis. Related Reading: Bitcoin Cycle Score Turns Negative With Trend Below $106,780 – When Will The Correction End? For the uninitiated, the Bitcoin disbelief phase occurs when a new uptrend begins, but most investors remain skeptical after a recent correction, doubting that the recovery is real. During this phase, lingering bearish sentiment and short positions often act as fuel for a stronger rally once confidence returns. Darkfost stated that investors’ skepticism toward BTC returning to bullish mode can be gauged through BTC funding rates in the derivatives market. Funding rates remained negative at -0.004% on the exchange for six out of seven days over the past week, indicating traders are still slightly bearish. The likely reason behind traders’ short bias is the October 10 crypto market crash that led to a liquidation worth $19 billion. Since then, traders have consistently chosen to short the market instead of getting trapped in another price pullback. However, the longer BTC remains in the disbelief phase, the stronger the potential for an explosive upside move becomes. Darkfost added: If the current uptrend continues to establish itself, the growing pile of short positions against it could become a powerful fuel for the next leg higher. As these shorts get liquidated, it would drive prices upward, triggering a short squeeze. If a short squeeze happens, then BTC could quickly rally to major liquidity zones around $113,000 level, and even as high as $126,000 region, where significant short orders liquidations are clustered. The analyst shared two previous instance where such a pattern played out. In September 2024, BTC fell to $54,000 before surging to a new all-time high beyond $100,000. Similarly, in April 2025, the flagship digital asset rallied from $85,000 to $111,000, before climbing even higher to $123,000. To conclude, the Bitcoin market may be on the verge of another short squeeze, fueled by investors’ skepticism. BTC Investors Need To Be Cautious Although BTC is giving hints of a looming short squeeze, investors should still exercise some caution before entering the market in hopes of an instant turnaround in sentiment. For example, Bitcoin activity recently slumped below its 365-day average, raising fears of a loss of momentum. Related Reading: Bitcoin Market Feels “Too Efficient” As Arbitrage Opportunities Vanish – What It Means For Price? That said, some crypto analysts forecast that BTC is likely done with the price correction and is set to surge in the coming days. At press time, BTC trades at $110,814, up 2.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Following a slight slump yesterday from its recent highs, Bitcoin (BTC) is now trading in the low $120,000 range. Meanwhile, BTC’s miner correlation has undergone a significant shift over the past few months, indicating a clear change in market dynamics between miner behavior and price direction. Bitcoin Miner Correlation Turns Negative According to a CryptoQuant Quicktake post by contributor Arab Chain, fresh data from Binance shows that Bitcoin price and miner flows to the crypto exchange have undergone a significant shift in recent months. Related Reading: Bitcoin Whales Are Back: Three Indicators Suggest A Run Toward $130,000 Specifically, the 30-Day Rolling Correlation indicator has tumbled to its lowest level since March 2025. On October 3, this indicator fell to -0.157, its lowest reading in more than five months. Since then, it has remained close to the -0.10 range. For the uninitiated, the 30-day rolling correlation indicator measures how closely two variables, such as Bitcoin’s price and miner flows, move together over the past 30 days. A positive value means they typically rise or fall in tandem, while a negative value means they move in opposite directions. It is worth noting that the indicator had previously been moving within a positive range of 0.1 to 0.5 during Q2 2025. The shift from positive rage to negative suggests that the recent surge in BTC price has not been driven by miner flows to exchanges. This is in stark contrast to previous cycles, where miner flows to exchanges played a key role in BTC’s price movement. However, the current cycle’s positive price action can be attributed to increased demand from investors and institutions. Arab Chain added: In past cycles, when the price rose, miners often transferred larger amounts of Bitcoin to exchanges to sell and take profits, creating a positive correlation between price and miner flows – meaning that as prices increased, flows also increased. Arab Chain added that the decline in correlation indicates a phase of “price independence” where miners opt to hold their BTC rather than sell it during times of price appreciation. A fall in miner signal is usually considered a bullish signal, as it reduces BTC’s circulating supply. That said, if the correlation turns strongly positive again, it could signal the return of selling pressure and a medium-term price correction could be expected. At present, the BTC market is showing a healthy balance between demand and supply. BTC Needs To Defend This Level Following BTC’s fall to the low $120,000 range, some crypto analysts say that the top cryptocurrency must defend the $120,600 level to avoid further crash. However, not all analysts are bearish on BTC just yet. Related Reading: $140K Or Bust? Simulation Says Bitcoin’s Odds Are Now 50-50 For instance, crypto entrepreneur Arthur Hayes predicts that US President Donald Trump could send BTC to $250,000 by the end of 2025. At press time, BTC trades at $121,375, down 0.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Though liking the long-term prospects for the Winklevoss-led company, KBW placed a market perform rating on the stock, expecting GEMI to remain unprofitable for the time being.
The company plans on using blockchain technology behind the scenes while avoiding crypto-native terminology.
The funding round sets the stage for a long-awaited IPO, expected to take place next year.
Earlier this week, the US Federal Reserve (Fed) cut interest rates by 25 basis points, providing the much-required impetus to the economy after a cycle of raising interest rates to keep inflation under check. A cut in interest rates is likely to benefit risk-on assets, including Bitcoin (BTC). Fed Cuts Interest Rate, Bitcoin Supply Ratio Falls According to a CryptoQuant Quicktake post by contributor Arab Chain, the latest data from Binance shows that the interest rate cut has rekindled investors’ interest in BTC. Notably, the exchange supply ratio has declined to 0.0291, hinting that investors are choosing to withdraw their BTC from exchanges and hold it for the long-term instead of selling it. Related Reading: Bitcoin Breaks Above Mid-Term Holder Breakeven – Is A Fresh Rally Brewing? To support their analysis, Arab Chain shared the following chart, which shows a tumbling exchange supply ratio while the BTC price continues to shoot up. The analyst noted that the interest rate cut has increased risk appetite and improved liquidity in the market. This behavior shows that the Fed’s monetary policy will remain dovish for the near term, which could mitigate selling pressure on BTC for the time being. Low exchange supply is creating relative buying pressure, as Bitcoin’s stability above $115,000 further supports this trend. The analyst remarked that if BTC outflows from crypto exchanges continue at the current pace, then the digital asset may target the $120,000 resistance level. However, liquidity must continue to flow into digital assets, driven by the Fed’s decision. Arab Chain added: The continued decline in the Exchange Supply Ratio for Bitcoin, coupled with a rising price, reinforces the bullish scenario, especially if traditional markets stabilize after the Fed’s decision. Conversely, if the Exchange Supply Ratio turns upward again (if Bitcoin reenters exchanges), it could signal that investors are preparing to take profits at levels near 118K–120K. Meanwhile, crypto analyst Titan of Crypto had similar thoughts. In an X post, the analyst shared the following chart, saying that BTC is currently stuck under the bearish fair value gap. A daily close above this gap – highlighted in red – could pave the way for a new high for BTC. Is BTC Facing A Supply Crunch? A declining exchange supply ratio further suggests that BTC may be approaching a bullish ‘supply crunch’ that could lead to significant price appreciation for the digital asset in the near term. Related Reading: Bitcoin Sentiment On Binance Turns Bullish – But Is The Market Setting A Trap? Recently, the Bitcoin Scarcity Index recorded its first spike since June 2025, indicating potential upward price pressure on BTC. Meanwhile, BTC outflows from Binance continue at a rapid pace, further reducing the digital asset’s active circulating supply. That said, some concerns still linger, specifically due to the lack of participation of whales in recent BTC price action. At press time, BTC trades at $116,374, down 1.3% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com
The deal aims to strengthen IG’s position in the Asia-Pacific crypto market and complements its recent crypto rollouts in the U.K. and U.S., the firm said.
Four senior executives who work on the institutional side of business have recently left Kraken.
The bank assumed coverage of the crypto exchange with a market perform rating and a $55 price target.
As Ethereum (ETH) trades slightly above $4,300, some crypto analysts opine that the cryptocurrency’s current trend shows enough structural health. However, they also caution that a lack of funding rates across exchanges means low demand for ETH, which may limit its breakout momentum. Ethereum’s Latest Rally Shows Structural Strength According to a CryptoQuant Quicktake post by contributor ShayanMarkets, Ethereum’s funding rates across exchanges are relatively muted when compared to the digital asset’s last three major highs. Related Reading: Ethereum Eyes $5,500 Amid Illiquid Supply Crunch And ETF Momentum For instance, during the first major high in early 2024, ETH funding rates across crypto exchanges had surged to 0.8, suggesting excessive long positioning and speculative demand. Shortly, the price topped out as overheated leverage took its toll on the digital asset. During the second peak in late 2024 – as illustrated in the following chart – ETH reached similar price levels but this time with far lower funding rates. Although this hinted at a less speculative market, the lack of strong, sustained momentum eventually weighed down on ETH’s price. In contrast to the above two instances, ETH’s 2025 rally saw it create a new all-time high (ATH) of $4,900 – despite relatively muted funding rates. This brings into focus one key divergence – ETH is hitting new highs even in the absence of aggressive long positioning that fueled earlier rallies. ShayanMarkets states there are two key implications of this new-found divergence. The analyst remarked: On one hand, the market appears more spot-driven and structurally healthier, as price is not being pushed by excessive leverage. On the other hand, the absence of aggressive demand also limits breakout momentum, leaving ETH in a slower-moving environment where new order flow will be essential for continuation. Concluding, the CryptoQuant contributor noted that ETH’s higher highs against declining funding rates show that the current market is more resilient against sudden liquidation cascades. However, it also requires a lot more conviction from buyers to sustain the next leg higher. Is ETH Headed For A Correction? Although ETH is currently trading just about 12% below its ATH, some analysts forecast that the second-largest cryptocurrency by market cap may be headed for a correction. Crypto analyst Ted Pillows predicted that ETH may drop all the way down to $3,900 before its next rally. Related Reading: Ethereum’s Latest Rally Fueled By Large-Scale Binance Orders, Analyst Says That said, there are several other data metrics that point toward a potential bullish rally for ETH. For instance, the ETH exchange supply ratio on major exchanges like Binance recently hit a low of 0.037, which may aid in the so-called “supply crunch” for the digital asset. In similar news, Ethereum exchange balance recently turned negative for the first time, suggesting that more tokens are being withdrawn from exchanges than deposited. At press time, ETH trades at $4,334, up 0.6% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
The crypto exchange received two buys, one market-perform, and one neutral rating from Wall Street analysts.
The exchange had suspended most services in January 2025 due to operating without proper registration under anti-money laundering rules.
Data from multiple blockchain trackers shows that Coinbase has drastically cut its XRP holdings, a move that has taken many crypto investors by surprise. Analysts say such a huge reduction points to large outflows from institutional investors, but others have gone further by alleging manipulation. However, pro-XRP lawyer Bill Morgan has poured cold water on these claims. Rumors Of Coinbase Manipulation Swirl On X US-based exchange Coinbase recently reduced its stash from more than 780 million XRP to just under 200 million in a matter of weeks. This translates to a 69% reduction in the exchange’s holdings since the second quarter of 2025, including a 57% plunge over the last month alone. The scale of the drawdown has also shifted Coinbase’s ranking among exchange holders of XRP, sliding it from the fifth largest to barely in the top 10. Related Reading: MemeCore Explodes 3,800% For ATH — But Is A Collapse Around The Corner? An account on the social media platform X, known as Stern Drew, suggested that Coinbase’s sell-offs go with a deliberate strategy to suppress XRP’s price. In a detailed thread, the commentator claimed that nearly 40% of the outflows were routed through OTC desks tied to New York institutions and that the timing of the sales coincided with XRP price dips in August. According to the thread, more than 70% of the volume was unloaded during low-liquidity trading hours, while fragmented routing across wallets masked the scale of the sales. The thread even suggested that some of the XRP ended up with BlackRock-linked custodial wallets, a move that further points to theories about institutional involvement. Bill Morgan Pushes Back On Manipulation Claims Bill Morgan was quick to reject the idea that Coinbase is actively manipulating XRP’s price. In his view, the theory overlooks the fact that XRP has exhibited the same behavior throughout its history, including during the long stretch when Coinbase delisted the asset and had no apparent influence on its market activity. Coinbase suspended XRP trading in January 2021, but it wasn’t until July 2023 that the cryptocurrency started trading again on the US-based exchange. “One heck of a theory about Coinbase being against XRP,” he said, before noting that the token’s movements today are consistent with its established trends. The suggestion of manipulation by Coinbase fails to hold up, as XRP’s price action appears more reflective of broader crypto market movement than any deliberate suppression by the exchange. XRP has been trading within a well-defined range between $2.8 and $2.9 in the past seven days. Although it lost the $3 support level as August came to a close, XRP has managed to hold above $2.8 since then, and this level has so far cushioned it from deeper losses. Related Reading: American Bitcoin, Backed By Trump, Ends Nasdaq Debut Up 17% On the upside, the $3.10 level is the critical resistance to watch. A decisive break above that barrier could shift momentum back in favor of the bulls. Until then, XRP’s price is likely to continue consolidating between $3.10 and $2.8. At the time of writing, XRP is trading at $2.82. Featured image from Unsplash, chart from TradingView
Fresh data from Binance shows that Ethereum (ETH) average order size has been trending upward since late July 2025, signaling a structural shift in market dynamics. Analysts say the cryptocurrency’s recent rally is largely driven by Binance whales. Ethereum Rally Driven By Large-Scale Binance Orders According to a CryptoQuant Quicktake post by contributor Crazzyblockk, Ethereum whales are now dominating order flows on the Binance exchange. The analyst highlighted the average ETH order size on the platform as evidence. Related Reading: Ethereum Demand Stays Strong As Exchange Reserves Keep Falling – Details Crazzyblockk shared the following chart showing different phases of average ETH order size on Binance. Retail-driven phases, highlighted in red, dominated much of 2023–24, when small orders drove up ETH’s price but left it vulnerable to corrections. These retail-driven periods were followed by neutral phases, shown in gray, which reflected indecision among ETH investors. This phase was characterized by fragmented participation and sideways trading behavior. Fast-forward to mid-2025, whale orders – highlighted in green – are firmly in control. Average order sizes have now surged past $3,000 per trade, signaling accumulation by institutional and large-scale investors. The CryptoQuant analyst noted that this whale dominance reflects renewed institutional confidence in ETH, aligning with its rapid price appreciation in recent months. Larger average orders suggest fewer fragmented trades and stronger directional conviction. Binance was chosen for the analysis not only as the world’s largest exchange but also because it is the “epicenter of ETH capital flow.” Crazzyblockk concluded: ETH’s latest rally isn’t just retail speculation – it’s being powered by whales on Binance. With large-scale players setting the tone, Ethereum’s market structure looks increasingly robust, and Binance remains the hub where these decisive flows shape price performance. Is ETH Getting Ready For A Rally? While Bitcoin (BTC) has tumbled 4.1% over the past 30 days, ETH is up 23.4% in the same period, indicating that large-scale investors may be in the middle of capital rotation from BTC to ETH over the past month. Related Reading: Ethereum Will ‘Likely 100x From Here,’ Says Joe Lubin Analysts predict ETH may have further room to grow for the remainder of 2025. Ethereum contracts are seeing a sharp resurgence in 2025, setting the stage for a potential rally to a new all-time high (ATH) of $5,000 towards the end of the year. Ethereum fundamentals are also strengthening, with as much as 36 million ETH staked on the blockchain, raising the possibility of a supply crunch. That said, despite whale accumulation, some analysts caution that ETH could dip to $4,000. At press time, ETH trades at $4,316, down 2.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Fresh data from Binance suggests that Bitcoin’s (BTC) illiquid supply has reached historically high levels, a development that could set the stage for BTC to eye the $150,000 milestone by the end of 2025. Bitcoin Illiquid Supply On Binance Hit Record Highs According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin’s illiquid supply recently touched new highs on the Binance exchange. In contrast, BTC’s liquid supply has seen a significant decline. Related Reading: Bitcoin Sentiment On Binance Turns Bullish – But Is The Market Setting A Trap? The CryptoQuant contributor shared the following chart which shows the difference between BTC’s liquid vs illiquid supply on Binance. Bitcoin recently hit a fresh all-time high (ATH) above $120,000 before a price correction, showing that the market is currently in a state of “liquidity scarcity” supporting an upward trend. A high level of illiquid supply essentially means that more BTC is locked away in wallets with minimal movement, effectively removing it from circulation on exchanges. This reduces the amount of Bitcoin available for trading. A lack of BTC readily available on exchanges increases buying pressure on the limited supply that remains. This dynamic helps explain how BTC has continued to reach new highs even without massive inflows of external liquidity. That said, there remain some risks. BTC’s low liquid supply means that whales or large holders can exert significant pressure on the cryptocurrency through any sudden sell-off. Such pressure could result in sharp price correction for the digital asset due to the lack of liquidity to absorb the new supply. At the same time, current on-chain data indicates that whales and institutions appear to be adopting a “hold for the long haul” strategy, underscoring their confidence in Bitcoin’s role as a long-term strategic asset. However, analysts caution that any sudden shift in this behavior would be felt almost immediately across the market. BTC In A “Fragile Bull Run” Arab Chain described the present market situation as a contradictory one. On one hand, rising illiquid supply provides a foundation for further price appreciation. On the other, the lack of liquid supply creates a fragile market structure where even moderate selling could cause significant volatility. Related Reading: More Pain For Bitcoin? Open Interest Surpasses $40 Billion As Longs Crowd In As a result, Bitcoin is currently in a “fragile bull run” in that it is supported by long-term holders but susceptible to sudden selling from whales. However, if BTC illiquid supply continues to rise, then it could move toward levels exceeding $150,000 by the end of 2025. On the flipside, if the liquid supply increases due to persistent sell-offs, then the market could face challenges, leading to a price decline to as low as the $90,000 to $100,000 range. Despite BTC’s fragile price momentum, some experts continue to remain optimistic. Crypto analyst Timothy Peterson recently predicted that BTC can surge as high as $160,000 by Christmas. At press time, BTC trades at $109,286, down 3% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
As Bitcoin (BTC) continues to hover just below the $120,000 level, miners have increased transfers to Binance crypto exchange. According to analysts, elevated BTC transfers to Binance could signal an upcoming price correction for the top cryptocurrency. Bitcoin Price Correction Upcoming? According to a CryptoQuant Quicktake post by contributor Arab Chain, there was a significant spike in BTC transfers from miners to Binance crypto exchange in late July – shown in the form of double tops in the following chart. These spikes were followed by several days of above-average flows to the exchange. Early August saw another surge, with transfers ranging from several thousand BTC to more than 10,000 BTC at their peak. Related Reading: Bitcoin Bull Run At Risk? Binance Whale-To-Exchange Flow Signals Price Correction This activity suggests that miners are continuing to distribute BTC to the exchange. The selling comes as the asset’s price remains close to its all-time high (ATH) of nearly $120,000. Arab Chain noted that compared to the April–June period, the current miner activity resembles “stockpiling or hedging behavior” rather than typical low-noise patterns. The analyst shared several behavioral indicators to support this view. For instance, sustained high inflows during elevated price levels suggest that miners are taking advantage of the rally to secure liquidity, cover operational costs, or manage post-halving treasury needs. However, such large inflows are often linked to short-term resistance. The market must have sufficient buying liquidity to absorb this supply and prevent it from triggering a sharp price decline. The high frequency of peaks over the past two weeks also indicates that this is not a one-off occurrence. Instead, it marks a phase of heightened activity among Binance miners, which increases Bitcoin’s price sensitivity to any drop in demand. According to Arab Chain, if daily flows remain above the recent weekly average – roughly 5,000 to 7,000 BTC per day – it would point to ongoing supply pressure. Conversely, a rapid drop back to lower levels would suggest that the distribution wave was temporary and has already been absorbed. BTC May Be Preparing For A New ATH Despite consolidating just under $120,000, recent on-chain data shows few signs of the Bitcoin market overheating. In addition, the average executed order size in the Bitcoin futures market has been steadily declining, indicating greater retail participation in the rally. Related Reading: Bitcoin Investors Turn To ‘Smart DCA’ As Market Trades Below On-Chain Fair Value Of $117,700 That said, a significant portion of short-term BTC holders have moved into profit, which could set the stage for a sell-off. At press time, BTC trades at $118,970, down 0.6% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
After failing to decisively break above the $120,000 level in mid-July, Bitcoin (BTC) could face further price corrections as whales continue to increase BTC inflows to the Binance crypto exchange. Is Bitcoin Losing Its Bullish Momentum? According to a recent CryptoQuant Quicktake post by contributor Arab Chain, fresh data from the Binance Whale-to-Exchange Flow indicator suggests that BTC may soon experience additional downside pressure. Related Reading: Bitcoin ETF Market Flashes Warning: IBIT Outflows Paired With Drop In Tron USDT Transfers The analyst noted that despite growing retail participation in the BTC market, persistently high whale inflows into Binance – combined with a declining Bitcoin price – signal that the market could be entering a technical correction phase. Arab Chain shared the following chart, where the purple zone shows that whale inflows to Binance remained consistently high throughout July and early August. At the same time, the drop in BTC price reflects a distribution pattern, where whales begin unloading BTC on exchanges following a sharp rally. Although there were no extreme spikes, whale inflows into Binance stayed elevated in the $4 billion to $5 billion range, indicating that these large holders are actively moving BTC onto the exchange – often a precursor to major sell-offs. The fact that these inflows remain high on Binance despite the drop in BTC price suggests that either whales are still selling their holdings on the exchange, or they are waiting for a price rebound to exit the market. Similarly, the light blue area in the chart shows a notable increase in retail inflows to Binance during late July and early August. Historically, such late-stage retail participation often marks the final phase of a bullish cycle, providing exit liquidity for whales. The analyst concluded: Despite the rise in retail participation, the market shows signs of internal weakness, with sustained whale inflows to Binance and loss of upward momentum. If this behavior continues, the market may be entering a medium-term correction phase. Investors Still Optimistic About BTC While signals suggest the current BTC rally may be overextended, some investors remain confident, employing strategies like Smart Dollar-Cost Averaging (DCA) to accumulate BTC in anticipation of further price gains. Related Reading: Bitcoin Holds Steady At $115,000, But Realized Price Data Warns Of Fragility Fellow CryptoQuant analyst Oinonen noted that while the recent pullback in BTC price may have raised concerns about further declines, the asset’s historical Q4 performance could propel it to a new all-time high of $200,000 by the end of 2025. After hitting a recent low around $111,800, BTC has recovered part of its losses and is now trading near $116,500. Still, some analysts caution investors against “excessive optimism.” At press time, BTC was trading at $116,501, up 0.2% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
The deal follows Bit2Me's authorization under the EU's MiCA license approval, allowing it to operate across the European Union.
Good news for TRX investors as TRON Inc. has filed a $1 billion shelf offering with the U.S. SEC, aiming to acquire up to 3.1 billion TRX tokens. This initiative marks an 849% jump from the firm’s last major token purchase of 365 million TRX in June 2025, which coincided with the start of a bullish TRX rally. Related Reading: Dogecoin Eyes Breakout Above Key Trendline-Will Momentum Hold Or Fade? Currently, TRX trades at $0.33, showing price resilience despite a 2.94% dip over the last 24 hours. Market watchers are eyeing the $0.35 and $0.40 resistance levels, with the all-time high sitting at $0.44. The shelf offering enables TRON Inc. to gradually accumulate tokens, reducing the risk of market disruption while maintaining steady upward pressure on the price. TRX's price trends to the upside on the daily chart. Source: TRXUSD on Tradingview Institutional Confidence and TRON Whale Activity Soar TRON’s strategic growth has been boosted by a 526% surge in whale transactions, coupled with record-high unrealized profits on the network. Following its successful Nasdaq listing via a $100 million reverse merger with SRM Entertainment, TRON Inc. is increasingly attracting institutional capital. This mirrors corporate strategies like MicroStrategy’s Bitcoin reserves, signaling a potential paradigm shift in blockchain finance. Technical indicators remain bullish. TRX sits above key moving averages, with momentum metrics such as MACD and RSI supporting continued price strength. Analysts suggest a breakout above $0.35 could set the stage for a rally toward $0.43. Stablecoin Dominance and Ecosystem Expansion TRON now hosts over $80.8 billion in USDT, surpassing Ethereum in Tether supply and processing over $20 billion in USDT daily. The network’s low-cost infrastructure has made it a preferred choice for stablecoin transactions, bolstering its position in cross-border payments. Related Reading: Whale Buys $153M In Ethereum From Galaxy Digital OTC: Institutions Are Betting Big Despite regulatory scrutiny and governance questions, TRON continues to expand its DeFi and dApp ecosystems. With $1 billion in planned token purchases and institutional backing growing, TRX could be poised for a significant upward trajectory. Cover image from ChatGPT, TRXUSD chart from Tradingview
CMT Digital, Circle Ventures and Point72 back Amsterdam-based D2X as it targets crypto futures and options
EDX International, the Singapore-based global hub of the firm, is offering trading in 44 cryptocurrency pairs, including Bitcoin, ETH, Sol, and XRP.
The anti-Iran group targeted state-owned Bank Sepah a day prior, and now threatens to leak Nobitex’s source code, calling the platform a "terror-financing tool" used to bypass sanctions.
Details of the May hack were first revealed by blockchain sleuth and Paradigm advisor ZachXBT.
Backed by Kraken, Slow Ventures, and CMCC Global, the trading platform offers on-chain custody combined with high speed execution.
Kraken Prime will offer institutional crypto clients trading, custody and financing through a unified platform.