According to market snapshots, Zcash rose about 30% in a 24-hour span, moving from roughly $272 to a peak near $355. The coin has been up more than 40% in the last week. The token’s gain outpaced all other top 50 coins by market cap during the same window. Volume spiked at the same time, showing traders piled in quickly after a single social post touched off the move. Related Reading: XRP: The Catalyst For ‘Humanity’s Greatest Shift’ By 2030 —Analyst Influencer Posts Spark Buying Based on reports on social media, the rally was partly driven by traders reacting to a bullish post from Arthur Hayes on X. Contributors on platforms like Binance Square flagged the post, and one user known as AB Kuai Dong said an endorsement by what he called a “legendary Silicon Valley investor” pushed people into the market. Vibe check $ZEC to $10k pic.twitter.com/tBc0WaxzZ1 — Arthur Hayes (@CryptoHayes) October 26, 2025 Another poster, Clemente, who is listed as a board member at treasury firm K9Strategy, said they joined the trade because they felt “so much FOMO I couldn’t keep myself sidelined.” These bursts of hype pushed more orders onto the books and helped lift the price in a short time. Past Calls Have Moved Markets Hayes has prompted market moves before. At a Tokyo conference in August 2025, he predicted Hyperliquid’s HYPE token could climb 126 times over three years. That call produced a modest market response then — roughly a 5% uptick for HYPE — but it showed how a single forecast from a well-known figure can sway trader behavior. Market participants say such calls sometimes lead to brief spikes and sometimes to longer trends. Follow-through, depth of liquidity, and general demand all matter. Privacy Tokens See Renewed Interest Reports have disclosed that Zcash rallied close to 500% over the last 30 days and crossed a $5 billion market cap on Sunday, according to CoinMarketCap data. At the same time, Monero, the largest privacy coin by market cap, ticked up about 3.2% to trade near $345 and remains restricted on many big exchanges, highlighting differences in access and regulatory pressure. Technical Indicators Show Choppy Momentum According to a recent Zcash price outlook, ZEC is forecast to rise about 52% and reach $558 by November 26, 2025. Current technical indicators are flagged Bullish, while the Fear & Greed Index sat at 51, a neutral reading. Related Reading: XRP Sparks Bullish Frenzy As Top Software Dev Says It Beats ETF Hype Over the past 30 days Zcash posted 19/30 green days, which is 63%, and showed 37% price volatility. Those numbers point to strong recent momentum but also to a bumpy ride. Some gains may hold if new buyers arrive and liquidity tightens; other gains could fade quickly if selling pressure appears. Based on reports and the data above, the Zcash move highlights how social signals can trigger rapid trading flows. The numbers are eye-catching. Still, traders and observers will be watching whether demand deepens or the rally is a short-lived reaction to hype. Featured image from Gemini, chart from TradingView
The aftermath of the October 10 flash crash continues to weigh on the cryptocurrency market, with major digital assets still showing signs of strain. Recent data from an on-chain analysis sheds light on one of the underlying factors behind the market struggle. Related Reading: Binance Stablecoin Supply Surges To Record $42B: Liquidity Flows Back Into Markets Stablecoin Netflow In Downtrend — Analyst In a recent QuickTake post on CryptoQuant, a market analyst with the username CryptoOnchain reported an interesting change in stablecoin activity on the Binance exchange. This analysis is based on readings from the ‘Total Stablecoin Netflow On Binance (Last 60 Days) & 7-Day MA ‘ and shows potentially compelling implications for the general market. According to CryptoOnchain, the 7-day moving average of the combined stablecoin netflow (purple line) has decisively dipped beneath the ‘zero’ mark, marking a shift from sustained inflows to accelerating outflows. Crypto Onchain further explained that the downward trend seen in the stablecoin netflow chart has been reinforced by significant spikes in outflows occurring over the past two days. With neither of the two major categories excluded, this ‘capital flight’ involves stablecoins both on the TRC20 network (one of which is USDT), and those operating under the ERC20 network. Related Reading: Bitcoin Liquidity Hits Seven-Year Low As Accumulators Stack 373,700 BTC In A Month Market Outlook In The Short Term Generally, an increase in stablecoin netflow to exchange platforms reflects an increasing demand for cryptocurrencies, as stablecoins are mostly exchanged for other online assets. Therefore, the decrease in stablecoin netflow presently seen signals reduced interest in other risky assets and a growing inclination among market participants to exclude themselves from participating in a risky market environment. This pattern of capital exiting exchanges, especially after a major price correction, typically points to what the analyst termed “a weakening ‘buy the dip’ appetite.” If history is anything to go by, this could be an early sign that the crypto market is about to see an even more intense amount of bearish pressure, especially in the short term. As of this writing, Bitcoin, the world’s leading cryptocurrency, stands at a valuation of approximately $111,400, showing a slight price growth of 0.54% over the past day. Also showing a similarly minute appreciation over the past 24 hours is Ethereum, which is worth about $3,936. Meanwhile, the total stablecoin market cap remains valued at $319 billion following a 0.14% gain in the past day. Featured image from iStock, chart from Tradingview
Following speculation regarding a potential return, Changpeng Zhao, known as CZ, the co-founder and former CEO of Binance, has sparked discussions about the implications of his recent presidential pardon for the exchange’s operations in the United States. Will CZ Reclaim His CEO Position At Binance? Industry observers suggest that this major development for CZ and Binance as a whole could pave the way for Zhao to resume leadership roles and consolidate Binance’s US operations. According to Bloomberg, the company is exploring several options, including the possibility of integrating Binance.US into its global operations or having its global exchange enter the US market, as indicated by a source familiar with the matter. Related Reading: Binance Founder Suggests President Trump Could Be Satoshi Nakamoto In Latest Statement “This cycle is largely being driven by U.S. institutional investors and investment products, and that’s precisely where Binance can now shift its focus,” stated Markus Thielen, CEO of 10x Research. He added that the US affiliate will likely be reintegrated into Binance’s global ecosystem, providing US investors with direct access to the platform’s “deep liquidity and comprehensive derivatives offerings.” Attention is now focused on whether Zhao will attempt to reclaim the CEO role he previously stepped away from. In recent weeks, he updated his profile on social media platform X from “ex-Binance” to simply “@Binance,” a subtle change that has fueled speculation about his intentions. However, not everyone believes Zhao is eager to return as CEO. David Namdar, who manages a BNB treasury company backed by Zhao’s family office, commented, “I think he is operating with more of a weight off his shoulders not running the exchange. I’d be surprised if he stepped back into that role.” Industry Leaders Predict Increased Involvement Patrick Horsman, chief investment officer of digital asset treasury (DAT) firm Applied DNA Sciences, which invests in Binance Coin (BNB), emphasized that Binance’s technology, liquidity, and relatively low fees could position it as a dominant player in the American crypto market. However, Bloomberg highlights that the pardon may not only enhance Zhao’s personal prospects but also unlock new opportunities for Binance’s global expansion. Related Reading: Bitcoin Price Update: Key Drivers That May Keep The Bull Run Alive Until Q2 2026 Notably, the firm holds minority stakes in affiliates throughout Asia, including Thailand and Malaysia, where regulatory frameworks impose ownership suitability tests on major shareholders. “A criminal conviction can pose a barrier for any individual seeking a beneficial ownership stake in a regulated or listed company,” explained Chris Holland, a partner at HM, a consulting firm based in Singapore. Cosmo Jiang, general partner at Pantera, anticipates that Zhao will become “more involved with Binance’s operations” now that he has received a pardon. “Whenever a founder returns to a company, it’s always an invigorating moment; you typically see more growth and better execution,” he noted. Featured image from DALL-E, chart from TradingView.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
BNB has seen a 5.5% price jump following the White House announcement that Binance co-founder has been pardoned by US President Donald Trump, leading some analysts to suggest that a new leg up might be around the corner. Related Reading: Crypto Market Records ‘Particularly Robust’ Q3 Performance With 16% Active Trader Growth – Report US President Grants Pardon To Binance Founder On Thursday, the White House revealed that US President Donald Trump had pardoned Binance co-founder and former CEO Changpeng Zhao, also known as CZ, two years after pleading guilty. In an official statement, the White House’s press secretary, Karoline Leavitt, said that the US President “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency.” Leavitt stated that “In their desire to punish the cryptocurrency industry, the Biden Administration pursued Mr. Zhao despite no allegations of fraud or identifiable victims.” In 2023, Zhao pleaded guilty to Anti-Money Laundering (AML) violations while being the CEO of Binance. As part of his plea deal, he stepped down from his position in the crypto exchange and served a four-month prison sentence last year. Additionally, Binance reached a $4.3 billion settlement with the Department of Justice (DOJ). The White House press secretary affirmed that “these actions by the Biden Administration severely damaged the United States’ reputation as a global leader in technology and innovation,” declaring that “the Biden Administration’s war on crypto is over.” Notably, there have been rumors that President Trump could grant a pardon to Zhao after January’s pardon of Silk Road founder Ross Ulbricht. In March, the Wall Street Journal reported that Zhao allegedly had been “pushing” a Binance US deal for a pardon since 2024. However, he quickly denied these claims. In an X post, CZ thanked the Trump Administration, stating that he is “deeply grateful” for the long-awaited pardon and “to President Trump for upholding America’s commitment to fairness, innovation, and justice.” The Binance co-founder also pledged to “do everything we can to help make America the Capital of Crypto.” CZ Pardon Pushes BNB To $1,100 Following the news, BNB saw a 5.5% jump to reclaim the $1,100 mark. The cryptocurrency has recorded a massive rally over the past few months, reaching a new all-time high (ATH) of $1,375 nearly two weeks ago. Altcoin Sherpa highlighted the altcoin’s price action amid the recent market performance. However, he expressed doubt about whether BNB will “continue being the strongest major or not,” at least in the short term. He suggested that Solana (SOL) could have a better performance in the coming weeks, arguing that “both ETH and BNB had incredible runs previously and probably need more time to chill out.” Related Reading: Fetch.AI CEO Offers Reward To ‘Uncover’ Ocean Protocol’s Alleged $120M FET Dump Since last Friday’s correction, BNB has been trading within the $1,050-$1,125 range, failing to break out of the upper level for the past six days. Analyst Open4Profit noted that if the altcoin reclaims the range’s resistance, the price could rally toward its ATH levels and continue its price discovery uptrend toward the $1,500 target. Market watcher CW pointed out that BNB has two key sell walls ahead, one at the $1,180-$1,190 area and another between the $1,200-$1,220 mark, suggesting that the altcoin could face resistance around these levels if the price breaks out. As of this writing, BNB is trading at $1,116, a 10.5% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
It's still a long shot that FTX's Sam Bankman-Fried will be pardoned, but odds have spiked as Binance's Changpeng Zhao has its criminal record deleted.
On Thursday, President Donald Trump issued a pardon for the former Binance CEO, who previously served four months in prison.
The Bitcoin supply in profit has seen a sharp decline amid the latest crypto market crash. This has raised concerns that BTC could suffer a further crash, as holders who are in the red may move to offload their coins. Bitcoin Supply In Profit Drops Amid Market Crash On-chain analytics platform Glassnode revealed in a report that the Bitcoin supply in profit has historically dropped to around 85%, with 15% of the supply sitting at a loss. This has occurred whenever the BTC price breaks down from a new all-time high (ATH) and trades around the short-term holders’ cost basis, as is happening now. Related Reading: Is The Bitcoin Supercycle Still In Play? Wave 3 Tells A Story Of A Surge Glassnode noted that this marks a pivotal phase for Bitcoin, as this is where the market tests the conviction of investors who had bought near recent highs. This pattern is said to be playing out for the third time in this current cycle. The on-chain analytics platform warned that if BTC fails to recover above the $113,100 range, a deeper contraction could send a larger share of the Bitcoin supply into loss. Glassnode further stated that this deeper contraction could amplify the stress among recent Bitcoin buyers, which could set the stage for a broader capitulation across the market. The platform also alluded to the Supply Quantile Cost Basis to explain why it is essential for BTC to reclaim the short-term holders’ cost basis above $113,000. Bitcoin is said to be struggling to hold above the 0.85 quantile at $108,600. Failure to hold this has historically indicated structural market weakness and often preceded deeper corrections toward the 0.75 quantile, which now aligns near $97,500. This puts BTC at risk of dropping below $100,000 for the first time since May. A Longer Consolidation Phase May Be Necessary Glassnode stated that from a macro perspective, the repeated demand exhaustion suggests that Bitcoin may require a longer consolidation phase to rebuild strength. This exhaustion is said to be clearer with the Long-Term Holder Spend Volume. These long-term holders have increased their spending with the 30D-SMA rising from the 10,000 BTC baseline to over 22,000 BTC daily since the market peak in July. Related Reading: Is Bitcoin About To See A Repeat Of 2020-2021? What Happened After The Last Flash Crash Glassnode noted that such persistent distribution indicates profit-taking from seasoned investors, which has contributed to the current Bitcoin weakness. Bitcoin OGs have continued to offload their coins at an unprecedented rate, putting significant selling pressure on BTC. Onchain Lens recently revealed that a particular whale moved 3,003 BTC to Binance, likely in a bid to sell, while also shorting BTC with a position worth $227 million. At the time of writing, the Bitcoin price is trading at around $108,800, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Binance founder Changpeng Zhao confirmed in an Oct. 23 post on X that he has received a pardon from US President Donald Trump. He said: “Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice. Will do everything we can to help make America the Capital of Crypto […]
The post Trump tariff short trader who made $200M correctly predicts Binance’s CZ pardon appeared first on CryptoSlate.
The pardon could ripple through the crypto market, where Zhao remains an influential figure and Binance still dominates global trading.
U.S. President Donald Trump pardoned Binance founder Changpeng Zhao months after he said he'd asked for a pardon.
The tokens raise similar concerns to stablecoins, with potential risks around delivery, long-term reliability and the ability to redeem for physical gold.
As Bitcoin (BTC) continues to trade in the high $100,000 range following the October 9 crypto market crash, some bullish signs are starting to emerge. Notably, stablecoin reserves on leading crypto exchanges like Binance are entering all-time high (ATH) territory, hinting at a potential rally for BTC. Stablecoin Reserves Rise – Will Bitcoin Benefit? According to a CryptoQuant Quicktake post by contributor PelinayPA, Binance stablecoin reserves are approaching ATH levels, indicating that investors are ready to deploy funds to accumulate BTC at current or lower levels. Related Reading: Bitcoin Enters ‘Disbelief Phase’ – Could Short Sellers Face The Next Squeeze? The CryptoQuant analyst highlighted the rapidly falling Bitcoin-Stablecoin Ratio (ESR). For the uninitiated, the ESR measures the proportion of Bitcoin reserves to stablecoin reserves on exchanges like Binance. The ratio also gives hints about the market’s potential buying power and selling pressure. Past data shows that whenever the ESR falls sharply during market volatility, BTC’s price tends to surge. Essentially, a declining ESR means that stablecoin reserves are growing in comparison to BTC reserves on exchanges. This shows an increase in available “dry powder” on exchanges, which can quickly be used to buy more BTC and initiate another bull rally. Conversely, when the ESR rises, it means that stablecoin reserves are falling while BTC supply on exchanges is increasing. This points toward an increase in short-term selling pressure as traders deposit BTC to exchanges to sell. Currently, the ESR has fallen to historically low levels, implying that Binance holds relatively large stablecoin reserves compared to BTC reserves. According to PelinayPA, such a setup can have two interpretations: In a positive scenario, the abundance of stablecoins suggests significant latent buying power. If market confidence returns, this could trigger a strong wave of buying pressure and mark the start of a new bullish phase. Meanwhile, the negative scenario assumes that this liquidity would remain inactive, reflecting investor hesitation and a market in standby mode after the recent bloodbath that resulted in liquidations worth $19 billion. Will The Gold Rotation Help BTC? Following the crypto market crash earlier this month, which sent BTC from an ATH of more than $126,000 all the way down to $102,000, several whales faced liquidations. Despite the crash, some analysts are confident that the BTC top is not in yet. Related Reading: Bitcoin Whales Are Back: Three Indicators Suggest A Run Toward $130,000 One of the factors that can significantly benefit BTC in the near term is the capital rotation from gold to the digital asset. In a new report, Bitwise predicted that capital rotation from gold into BTC could propel it to $242,000. That said, veteran trader Peter Brandt recently forecasted that BTC could crash 50% from current price levels. At press time, BTC trades at $108,268, down 0.3% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
The CEO of Fetch.AI (FET) has offered a reward to uncover Ocean Protocol’s move after the project was accused of liquidating millions of tokens, affecting the FET’s price and its holders. Related Reading: Bitcoin (BTC) Price Eyes $114,000 Retest Amid Bounce, But Analyst Suggests Caution Fetch.AI Vs Ocean Protocol Feud On Tuesday, Humayun Sheikh, CEO of Fetch.AI, offered a bounty $250,000 to anyone who could “uncover the OceanDAO signatories and their connections to Ocean Foundation.” The post followed last week’s allegations that Ocean Protocol had dumped hundreds of millions of FET tokens into crypto exchanges earlier this year. For context, crypto AI projects Fetch.AI, Ocean Protocol (OCEAN), and SingularityNET (AGIX) merged into the Artificial Superintelligence (ASI) Alliance in mid-2024, combining their tokens under a shared FET framework. Over a year later, Ocean Protocol Foundation announced its departure from the alliance, sharing on October 9 that it had resigned as a member of the ASI Alliance, “effective immediately.” Last week, Fetch.AI’s CEO affirmed that the Ocean Protocol Foundation had swapped 661.2 million OCEAN tokens minted in 2023 for 286.4 million FET this July, suggesting that the protocol had been moving and liquidating them for the past three months. Sheikh noted that “Ocean as stand alone project did this it would be classed as a rug pull,” later vowing to personally fund three or more class action lawsuits in different jurisdictions. “If you are or were a holder of $fet and have lost money during this Ocean action be ready with your evidence. (…) I will be setting up a channel for all to submit your claims,” he wrote. Ocean Protocol called the accusations “unfounded claims and harmful rumors,” affirming that their team was “preparing responses to the various unfounded claims and allegations while respecting the ambits of the law.” At the time of writing, the protocol’s official X account has not published a response. Did Ocean Dump $120M Worth Of FET? Data analytics platform Bubblemaps shared a timeline of the Ocean Protocol moves, highlighting that despite the merger, the protocol kept a large amount of OCEAN tokens in its wallets for alleged “community incentives” and “data farming.” According to Bubblemaps’ analysis, Ocean Protocol’s team wallet (0x4D9B) converted 661 million OCEAN into 286 million FET, worth $191 million on July 1, and later sent 90 million FET to an OTC provider, GSR Markets. On August 31, the team wallet split the remaining 196 million FET across 30 new addresses. By October 14, most of these addresses had sent the funds to Binance or the OTC provider. Bubblemaps estimated that around 160 million tokens were sent to Binance, while 109 million FET were transferred to GSR Markets. In total, approximately 270 million tokens, valued at around $120 million, were reportedly transferred and potentially liquidated. “We can’t confirm whether the $FET tokens were sold by Ocean Protocol, although such transfers are typically associated with liquidation,” the platform noted, adding that on-chain activity only shows a multisig wallet linked to the protocol swapped millions of OCEAN tokens for FET, and sent them to Binance and GSR. FET’s Price Sees Sharp Decline Analyst Cryptor pointed out that the feud has triggered uncertainty surrounding the projects. He noted that the FET’s Top PnL Leaderboard doesn’t look good, as “almost everyone over the past 30 days has fully exited their positions.” Additionally, Smart Money Flows have been declining for nearly a year, alongside the price, which has retraced over 92.6% from its $3.45 all-time high (ATH). Related Reading: Pundit Outlines The Possibility Of The XRP Price Getting To $1,000 The analyst asserted that “you want segments like Top PnL traders, Smart Money, and funds to stay onboard because they set the tone for market behavior. (…) The data shows hesitation and capital leaving, which is to me a clear sign that confidence hasn’t returned. Price might hold temporarily, but without their participation, volatility rises quickly.” As of this writing, FET trades at $0.25, an 8.3% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Binance Coin (BNB) has fallen sharply this week, sliding 5% in the past 24 hours and over 12% in the last seven days, as new scam alerts and a high-profile memecoin rug pull shake confidence in the BNB Chain ecosystem. The token currently trades around $1,060, marking its lowest level in nearly a month. The downturn comes as Binance co-founders Changpeng “CZ” Zhao and Yi He warn investors about a wave of phishing scams and fake memecoin airdrops spreading through social media. Related Reading: All It Took Was A Tweet: FLOKI Jumps 27% After Musk Mentions It In one of the most damaging incidents, the official X (formerly Twitter) account of BNB Chain, followed by nearly four million users, was hijacked to promote a fraudulent token campaign linked to a fake airdrop. CZ and Yi He Sound the Alarm CZ took to X to issue a direct warning, “Official accounts do not endorse any particular memecoin.” He cautioned users against interacting with suspicious contract addresses or promotional posts, noting that scammers increasingly exploit verified profiles to appear legitimate. Yi He echoed these concerns, reminding traders that responsibility also lies with users. “Please, while everyone is doing on-chain investments, also take responsibility for your own actions,” she stated. The recent “Sir Pancake” scam, a fake token that generated $20 million in volume before collapsing, shows the scale of the problem. Data suggests that roughly 2.5% of new tokens launched on BNB Chain since 2022 have exhibited scam-like behavior, often disappearing within hours of launch. BNB's price trends to the downside on the daily chart. Source: BNBUSD on Tradingview Meme-Coin Frenzy Tests Binance Coin (BNB) Investors BNB Chain has become a hub for meme coin speculation, but with enthusiasm comes risk. The latest wave of exploits shows that even platforms with strong security reputations remain vulnerable when hype outpaces due diligence. Tokens launched on the BNB Chain have produced massive gains, one trader converted $3,500 into nearly $7.9 million in just days. That frenzy has fueled ecosystem activity and attracted speculative capital, but it has also exposed Binance Coin (BNB) and its holders to heightened risk. Related Reading: CryptoQuant’s Moreno Eyes Bitcoin At $195,000 If This Happens Binance Coin (BNB) saw its bullish momentum reach new heights earlier this cycle, with some analysts projecting a run toward $1,500 and beyond. A recent forecast suggested BNB could hit up to $1,610.44 at its peak. BNB did indeed register a fresh all-time high above $1,200 in early October 2025. However, the euphoria has cooled as broader market conditions turned sour and infrastructure issues crept in. Binance Coin has slipped back toward $1,100 as the crypto market pulled back, and the BNB Chain faced multiple disruptions, including scam projects that have significantly exposed BNB investors. Cover image from ChatGPT, BNBUSD chart from Tradingview
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
Binance did not specify the tools tapped by over 600 user accounts, though its policies flag unapproved bots and account-sharing as violations.
Following the flash crash of last week, the Bitcoin price has once again sunk to similar depths, albeit in a more steady price correction. Notably, the leading cryptocurrency dipped below $105,000 on Friday as crypto liquidations rose to above $1.2 billion. However, underlying investor buying activity paints an encouraging picture of a potentially bullish rebound. Related Reading: Analyst Says Bitcoin Price Is Ready To Surge: ‘We Would Already Be Below $108,000 If The Crash Wasn’t Over’ Bitcoin Net Taker Volume Hits $309 Million Despite Price Fall In a QuickTake post on X, popular analyst Amr Taha shares an exchange activity update on the Bitcoin market amidst a significant price correction. The pundit reports a major uptick in buying pressure, which suggests investors may be quietly accumulating despite the present price weakness. Notably, on-chain data shows that the Bitcoin crash to below $105,000 coincided with a spike in the net taker volume on Binance to around $309 million, marking its first positive zone since October 10. In trading terms, buy-taker volume represents orders that actively hit the ask, i.e., traders willing to buy immediately at market price rather than waiting for a better entry. The move indicates that, despite short-term volatility, there remains a deep undercurrent of bullish conviction among Bitcoin holders and traders. This high accumulation activity during a price demand usually precedes local bottom formations, as aggressive buyers absorb selling pressure, setting the stage for a parabolic price rebound. Furthermore, while the taker volume surged, Amr Taha reports that the open interest (OI), which measures the total number of outstanding futures and perpetual contracts, failed to rise in tandem. This divergence suggests that trading activity is concentrated in the spot market rather than in leveraged derivatives, reinforcing the fact that investors are actively participating in the present market state. In summary, the renowned crypto analyst views this exchange activity development as a potential bullish undercurrent. Taha explains that spot accumulation around key liquidity levels, such as the $105K zone, often serves as a foundation for future price recoveries once selling pressure subsides. Related Reading: BNB Active Addresses Hit Record 3.6 Million – Analyst Explains Network Growth Bitcoin Rebound Verified By Gold Price Surge In other news, a market analyst with the username Crypto Jebb echoes Bitcoin’s chances of a major price rebound. However, the expert anticipates the premier cryptocurrency may still see a further decline before eventually finding a bottom around $92,000. In line with a growing notion, Jebb hinges his bullish thesis on a potential rotation of capital from the gold market to Bitcoin once the former hits a new market peak. Notably, gold is currently maintaining an impressive bullish momentum, having become the first asset to surpass a $30 trillion market capitalization value. Jebb predicts an eventual capital rotation when the gold market starts to correct, with potential inflows expected to push Bitcoin to around the $150,000 price mark in January. At press time, Bitcoin trades at $107,053, representing a 0.74% decline in the past day following a modest recovery effort. Featured image from Flickr, chart from Tradingview
Bitcoin (BTC) continues to lose momentum, as the flagship cryptocurrency fell to $103,528 earlier today amid an increasingly uncertain global macroeconomic outlook. Fresh data from Binance suggests that BTC is currently undergoing a critical transition phase within its price cycle. Bitcoin Fall Continues – When Will Bloodbath End? According to a CryptoQuant QuickTake post by contributor Arab Chain, Bitcoin is currently undergoing an important transition phase within its market cycle. The Bitcoin Cycle Phase Score recently entered negative territory, in tandem with a decline in BTC’s price from $124,000 to around $107,000 within 24 hours. Related Reading: Bitcoin Market Feels “Too Efficient” As Arbitrage Opportunities Vanish – What It Means For Price? The Cycle Phase Score combines market trend and short-term momentum (Z-Score) to show Bitcoin’s current phase. Positive values indicate upward momentum, while negative values signal short-term weakness or a correction. The decline in the Cycle Phase Score shows that the BTC market has lost some of its upward momentum that benefited it during the first two weeks of October. The transition to negative territory shows the start of a structural correction phase, following weeks of consecutive gains. The analyst explained that a trend_signal of -1 confirms that BTC’s price has tumbled below the 200-day moving average. It is likely to trade below this metric until it can decisively break through the $106,780 level. Similarly, a negative Z-score shows that Bitcoin’s price is trading significantly below its short-term average, further confirming the dominance of short-term selling pressure. Arab Chain added: Analytically, this movement can be viewed as a rebalancing phase within the ongoing cycle, rather than the start of a long-term downtrend. The current pullback follows a strong period of price expansion, which is often followed by a temporary pause in momentum before the main trend resumes. Arab Chain concluded by saying that if BTC’s price finds stability above $105,000 in the coming days, then the Cycle Phase Score indicator may re-enter the positive region again. Such a development could signal the end of the ongoing price correction phase. Will BTC Fall Below $100,000? As BTC trades close to the mid $100,000 level, fears are rising in the market that the digital asset may fall below the psychologically important $100,000 mark. Further, on-chain data is not particularly encouraging, as the Bitcoin network activity recently crashed below the 365-day average. Related Reading: Bitcoin’s On-Chain Roadmap Shows $111,000 – $143,000 As The Range To Watch In addition, crypto analyst CryptoBirb recently stated that the current BTC bull cycle is likely coming to an end. The analyst remarked that Bitcoin is almost 99.3% through its current cycle. That said, whale accumulation of BTC is showing no signs of slowing down. Companies added a total of 176,000 BTC to their treasuries during Q3 2025. At press time, BTC trades at $105,484, down 5.1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
According to on-chain trackers, bitcoin miners have moved a huge amount of coins to a major exchange in recent days, signaling a clear change in behavior that the market will watch closely. Related Reading: Michael Saylor Issues Rally Cry To Bitcoin Army: “Starve The Bears!” Reports have disclosed miner transfers totaling 51,000 BTC — worth over $5.7 billion — to Binance since October 9. That is a very large flow of supply into a place where coins can be sold quickly. Miners Move Large Amounts To Exchanges On October 11, there was a dramatic spike when miners deposited more than 14,000 BTC to Binance, a day after the market plunged and bitcoin briefly fell to $104,000, an event that wiped out nearly $20 billion in leveraged positions. Based on data, the outflow on that day was the biggest miner transfer since last July. Market participants often read such moves as a tilt from holding toward selling, and that shift can change short-term sentiment fast. Binance Data Indicates That Since October 9, Miners Have Deposited a Total of 51K Bitcoin “The deposit of 51,000 Bitcoins within seven days represents a clear shift in miner behavior from holding to selling or liquidating.” – By @ArabxChain pic.twitter.com/qSN6WGK5bu — CryptoQuant.com (@cryptoquant_com) October 16, 2025 CryptoQuant and other analytics firms caution that moving coins to an exchange does not always equal an immediate sale. Some miners may be posting bitcoin as collateral for futures, funding operational needs, or shifting reserves between wallets for bookkeeping. Still, the market tends to react quickly to visible supply flows. Traders may act on that visible movement even if the coins are not sold right away, increasing price pressure through trading behavior alone. Whales And Funds Buying The Dip Reports have shown that large buyers have been active at the same time. One new wallet reportedly purchased $110 million worth of BTC from Binance, while another fresh address bought 465 BTC (about $51 million) from FalconX. In addition, US spot Bitcoin ETFs have recorded inflows. Those buyers could soak up some of the miner-supplied coins and limit how far the price falls. Market Momentum Remains Fragile After a wild week that erased large amounts of market value, bitcoin has struggled to regain clear momentum. Based on Bloomberg data, the coin was trading near $109,000 on Oct. 17 in Singapore. Bitcoin had hit an all-time high of $126,250 on October 6, so the pullback has been sharp and fast. For the week to Oct. 12, bitcoin slid as much as 6.5%, the largest weekly fall since early March. Related Reading: Biggest Shiba Inu Burn In Months — And It Came From A Coinbase Account Analysts put a key support near $107,000. A firm break below that level could invite deeper losses, they warn. On the flip side, steady buying by large holders and continued ETF demand might keep the market from sliding much further. The tug of war is plain: miners adding potential supply versus big buyers taking the other side. Featured image from Unsplash, chart from TradingView
Failure to meet the requirements set by ACPR could compromise an exchange's ability to get a MiCA license from France.
Ethereum (ETH) may be nearing the end of its price correction, as the second-largest cryptocurrency by market cap continues to trade slightly above $4,000, following a strong sell-off last week when it almost crashed to $3,400. Ethereum Price Correction May Be Over According to a CryptoQuant Quicktake post by contributor PelinayPA, Ethereum funding rates on Binance crypto exchange have remained positive, despite being in a narrow range. This shows that long positions on ETH still dominate the market. Related Reading: Bitcoin Market Feels “Too Efficient” As Arbitrage Opportunities Vanish – What It Means For Price? ETH funding rates fluctuating normally on Binance – despite the digital asset’s recent extraordinary price appreciation – implies that futures traders are not exhibiting greed or euphoria, typically associated with the mid-phase of a healthy uptrend. For example, during the 2021-22 bull cycle, ETH funding rates often surged to 0.1% to 0.2%, aligning with local market tops. At present, these funding rates are hovering around 0.01% to 0.03%, implying that the market has not reached overheated levels just yet. In addition, the absence of negative funding rates confirms a decline in short positioning, and elevated risk appetite among investors. The CryptoQuant analyst added: The overall trend remains upward. Low funding rates combined with strong price momentum suggest that the correction is likely complete. In the short term, minor profit-taking or sideways consolidation between $3,600–$3,800 would be natural. If funding rates gradually rise above 0.05%, it could signal overcrowded longs and trigger a short term pullback. The current combination of moderate levels of leverage and gradually rising spot demand hints toward a potential ETH rally, eyeing the $4,500 to $5,000 range in the long term. The price target could be even higher with a favorable derivatives structure and funding dynamics. That said, a sharp increase in funding rates could be seen as an early warning of another price pullback for the cryptocurrency. However, ETH’s market structure still supports a potential surge to $6,800 by the end of 2025, the analyst concluded. ETH Ready For New Highs? Several indicators point toward ETH looking to resume its bullish momentum. For instance, ETH’s Spent Output Profit Ratio (SOPR) trend recently hinted toward the digital asset rising to $5,000 in the near term. Related Reading: Ethereum Close To Local Bottom? Analyst Flags Drop In Binance Open Interest Further, ETH exchange reserves continue to tumble at a rapid pace. Recent exchange data shows that ETH reserves on exchanges have hit a multi-year low, raising the possibility of an impending “supply crunch” for the cryptocurrency. That said, there are several other factors that may fuel another sell-off in ETH, pushing its price again below $4,000. At press time, ETH trades at $4,053, up 0.2% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
On October 10, the crypto market experienced its largest liquidation event in history, prompting experts like MartyParty to predict a surge in lawsuits and class action claims against what he describes as “market manipulators.” Expert Claims Manipulation Led To October 10 Crypto Crash The aftermath of this crash has seen Bitcoin (BTC) and other major cryptocurrencies continue their downward trend this week, with BTC recently falling below the critical $110,000 threshold. Ethereum (ETH), XRP, and Binance Coin (BNB), the largest altcoins, recorded losses of 10%, 17%, and 7%, respectively, in the weekly time frame. The events of October 10 led to total crypto liquidations exceeding $20 billion, with an alarming 208,864 traders liquidated in just the past 24 hours, amounting to approximately $691.63 million in losses as a result of the ongoing correction. Related Reading: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds In a social media post on X (formerly Twitter), MartyParty warned that the ramifications of this event would include lawsuits targeting the alleged manipulators behind the crash. He criticized the centralized exchange (CEX) systems, stating: The manipulators cleared all the longs to 1.8x illegally. This had nothing to do with crypto. This is centralized exchange and casino systems that are opaque and easily manipulated with no regulation. Despite the turmoil, MartyParty expressed some optimism, noting that the crypto liquidations have cleared out long positions, which he believes could pave the way for future price increases. He also added that those responsible for this alleged manipulation would face scrutiny, predicting that this incident could evolve into one of the most significant fraud cases in financial history. Binance’s Role Adding to the concerns, another expert, Crypto Emre, highlighted the ease with which crashes can be orchestrated on platforms like Binance. He explained that the tokens visible in a user’s wallet are essentially held in Binance’s wallets behind the scenes. Emre asserts that the exchange can open short positions on multiple trading pairs simultaneously using private trading bots, which can then quickly sell the tokens held by users. Related Reading: Hyperliquid Vs Binance: Founders Clash Over Liquidation Transparency After closing the short positions at a lower price, the expert alleges that the exchange replaces the sold tokens with their own at a significantly reduced cost. Emre argued that as long as Binance remains operational, the potential for such manipulation will hinder the emergence of a robust crypto bull market. As the dust settles from the October 10 crypto crash, it remains uncertain whether regulatory bodies or individuals will take action against these alleged practices in the near future, as predicted by MartyParty. Featured image from DALL-E, chart from TradingView.com
Binance had become Gopax's largest shareholder in 2023 but full acquisition has been delayed for over two years by authorities.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Coinbase launched The Blue Carpet, then added BNB to its roadmap — an intent signal, not a guarantee — pending market-making support and technical readiness.
The move marks the first time Coinbase signaled support for Binance’s flagship BNB token, coming amid scrutiny over exchange listing practices.
For the second time this week Binance has publicly defended itself after data showing it had seen over $20 billion in weekly outflows.
"I expect the market will catch its breath and renew its attention on crypto's fundamentals," Hougan said.
The XRP market has witnessed an unexpected shakeup over the past few days, with Open Interest (OI) plunging over 50% in just one weekend. According to data from Coinglass, XRP’s futures open interest dropped to approximately $4.22 billion as of October 14. This sharp decline signals a negative shift in market sentiment, raising the question about whether XRP’s recent price recovery can hold amid shrinking derivatives activity. XRP Open Interest On Exchanges Crashes 50% The data from Coinglass paints a clear picture of massive deleveraging across the XRP futures market. From September until October 10, XRP’s open interest consistently fluctuated between $7 billion and $9 million, indicating heightened speculative activity. Related Reading: Here’s How High The XRP Price Would Be With The Market Cap Of Bitcoin However, on October 11, the asset’s open interest crashed from $8.36 billion to $5.12 billion within 24 hours, representing a staggering 38.7% decline. Since then, the total open interest across exchanges has continued to trend downward, settling around $4.22 billion after crashing 50% from $8.36 billion on October 10. Binance, the largest exchange for XRP derivatives, mirrored this dramatic correction. Its open interest plummeted from $1.3 billion on October 8 to $607.21 million by October 14, marking a 53.4% collapse. The first major sign of stress appeared when open interest on Binance dropped from $1.27 billion on October 10 to $882.39 million on October 11, marking a roughly 30% loss overnight. Since that steep decline, the exchange has seen little sign of renewed speculative appetite. Notably, the decline in XRP exchange open interest coincided with its weekend price crash, when it fell from $2.4 to as low as $0.8 in a single day before rebounding above $1.5. Although XRP has since recovered to $2.46 as of writing, open interest continues to spiral downwards, reflecting a deep shift in market sentiment toward caution and fear. This also suggests that the current XRP price rally is driven more by spot buyers than leveraged traders, indicating that traders who shorted the market are being forced to buy back their positions. XRP Price Rally Hinges On $2.65 Breakout On the technical front, XRP’s daily chart on Binance suggests that the cryptocurrency may be nearing a critical turning point. According to crypto analyst Matthew Dixon, XRP bulls are now testing the $2.65 resistance zone after a significant corrective pattern. Related Reading: Zach Rector Pits XRP Against The Rest Of The Market – Here Are The Results The analyst’s chart shows that XRP’s recent price action completed a large WXY corrective wave, followed by a sharp rebound from its weekend low. Currently, the cryptocurrency is trading above $2.45, struggling to sustain momentum above the key $2.65 barrier. The analyst has indicated that a successful breakout and retest of this key resistance level could trigger rapid price acceleration, potentially driving XRP toward new all-time highs. Featured image from Adobe Stock, chart from Tradingview.com