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
During last week’s market downturn that saw HYPE prices plummet towards $20, Hyperliquid reportedly maintained 100% uptime with zero bad debt, as stated by the platform’s founder, Jeff Yan. However, in a post shared on social media site X (formerly Twitter), Yan also raised concerns about certain centralized exchanges (CEXs), suggesting they may have underreported liquidation data during this volatile event. The Liquidation Debate In his remarks, the platform’s founder highlighted that Hyperliquid operates on a blockchain where every order, trade, and liquidation occurs visibly on-chain, allowing anyone to permissionlessly verify the execution of these processes. Related Reading: Bitcoin Weekly Preview: Trump’s Tariff Playbook Is Back — Here’s How To Trade It Yet, Yan identified a troubling trend among some CEXs, which he claims publicly document a drastic underreporting of user liquidations. He took Binance’s example, noting that even when thousands of liquidation orders occur simultaneously, only one is reported due to limitations in its data stream. The platform’s founder asserted that this can obscure the actual volume of liquidations, particularly during high-volatility events like the recent flash crash, leading to a potential underreporting factor of 100 times. In response to Yan’s criticism, Binance former CEO and founder Changpeng Zhao (CZ), addressed the issue, stating, Some people ask why is #BNB so strong? While others tried to ignore, hide, shift blame, or attack competitors, the key @BNBChain ecosystem players (Binance, Venus, and more) took hundreds of millions out of their own pockets to PROTECT USERS. From Binance To Hyperliquid This exchange comes on the heels of a major drop on broader crypto prices last Friday, which saw the Bitcoin (BTC) price drop from $122,000 to $102,000 on exchanges like Binance, leading to the liquidation of over $19 billion in leveraged positions. Amid the chaos, Jeff noted that Hyperliquid reportedly managed a trading volume between $50 and $70 billion without any downtime or disruption. In contrast, Binance faced temporary technical issues that left some users unable to close their positions. Related Reading: Bitcoin Whale Breaks 13-Year Silence, Moves $33 Million To Exchange Hyperliquid’s founder has a history with Binance, having participated in the Binance Labs Investment Incubation Program in 2018. During this period, he, along with co-founder Brian Wong, aimed to develop Deaux, a decentralized prediction market product. Their vision was to create a platform that facilitated collaborative betting within an international liquidity pool using cryptocurrency. Throughout their time in the Binance Incubation Program, they emphasized the importance of user experience while exploring the benefits of decentralization. Their product sought to mirror the user-friendly interface of centralized exchanges like Binance—offering low fees and real-time feedback—while ensuring security through blockchain smart contracts and incorporating decentralized democratic voting for settlement. At the time of writing, HYPE is still recording weekly losses of 14%, with the token trading at around $41.88. However, it has recovered by over 4% in the last few hours, although all-time high levels are still 28% away. Featured image from DALL-E, chart from TradingView.com
Ethena’s synthetic dollar, USDe, shed over $2 billion in market capitalization after briefly losing its dollar peg on Binance. The flash event exposed structural risks in crypto’s stablecoin plumbing. According to CryptoSlate data, USDe’s market value dropped from $14.8 billion on Oct. 10 to $12.6 billion by Oct. 12. The decline coincided with a Binance […]
The post $2B Ethena USDe depeg exposes cracks in crypto’s ‘synthetic dollar’ system appeared first on CryptoSlate.
BNB is back near $1,300 after a sharp rebound, but the asset may not be done yet as one analyst thinks a run all the way to $2,400 is possible. BNB Has Been Rising Since Parallel Channel Breakout Much like the rest of the cryptocurrency sector, BNB suffered a price crash on Friday, but while the rest of the market has been unable to make a full recovery, the altcoin has already retraced to the pre-crash level, and surpassed it. Related Reading: Bitcoin Direction Still Unclear: Analyst Says Watch These Key Charts Earlier on Monday, the coin even managed to set a new all-time high (ATH) above $1,370. Thus, it would appear that unlike Bitcoin, the coin’s ATH exploration period hasn’t cooled off yet. And it’s possible that BNB will only climb further in the near future, if the technical analysis (TA) pattern shared by analyst Ali Martinez in an X post is anything to go by. The pattern in question is a Parallel Channel, which forms whenever an asset’s price observes consolidation between two parallel trendlines. The upper level of the pattern acts as a resistance barrier, while the lower one provides support. Together, they keep the price locked inside the channel. When one of these levels fails to hold, the asset can witness a continuation of trend in that direction. A surge above the resistance line is naturally a bullish signal, while a fall under the support a bearish one. The 3-day price of BNB was stuck inside a Parallel Channel for a few years before it found a breakout earlier this year, as the chart shared by Martinez shows. Since the breakout, BNB has been exploring new highs, implying the bullish effect of the Parallel Channel resistance break may be in effect. From the graph, it’s apparent that the coin has so far climbed up half as much distance as the width of the channel. Generally, Parallel Channel breakouts are considered to be of the same length as the width of the channel. If the cryptocurrency is following this pattern, then it may be targeting the level a full height above the channel. “It looks like BNB wants to push toward $2,400!” notes the analyst. A surge to this target of $2,400 from the current level would imply an increase of almost 89% for the coin. It now remains to be seen whether the asset will follow this path suggested by the Parallel Channel. Related Reading: XRP Whales Are Selling: $50 Million Exiting Wallets Every Day In another X post, Martinez has pointed out that the 1-day price of Bitcoin has also been traveling inside a Parallel Channel for the last few months. As displayed in the chart, Bitcoin is trading near the midline of the Parallel Channel after its plunge. It will now be interesting to see whether it continues its decline to the $100,000 lower level or not. BNB Price At the time of writing, BNB is trading around $1,270, up 4% over the last week. Featured image from Dall-E, charts from TradingView.com
South Korean authorities have resumed their review of Binance's acquisition of local exchange Gopax, which was stalled for over two years.
Following Bitcoin’s (BTC) brutal sell-off on October 9, which saw the top cryptocurrency by market cap flash crash to $102,000 before recovering most of its losses, on-chain signals now show that there has been a noticeable decline in the Bitcoin network usage for most of 2025. Bitcoin On-Chain Fundamentals Losing Strength? According to a CryptoQant Quicktake post by contributor TeddyVision, Bitcoin’s Network Activity Index has been consistently trending below its 365-day moving average (MA) for most of 2025. The decline shows a structural slowdown in the Bitcoin network’s on-chain usage. Related Reading: Bitcoin Decouples From Miner Flows With -0.15 Correlation – What It Means For Price? For the uninitiated, the Bitcoin Network Activity Index measures how actively users are interacting on-chain – tracking metrics like transaction counts, active addresses, and transfer volumes. A rising index suggests growing organic usage and adoption, while a declining one indicates slowing network engagement. To recall, the Bitcoin network activity surged ahead of price back in 2023-24. At the time, Bitcoin price witnessed organic expansion in price, primarily driven by genuine on-chain usage. However, the trend has changed significantly in 2025. For the most part, this year saw Bitcoin liquidity circulating off-chain, while on-chain traffic has dwindled. As a result, the Network Activity Index has tumbled below the 365-day MA. That said, BTC price has held between $100,000 to $120,000, creating a widening gap between the digital asset’s valuation and network fundamentals. The CryptoQuant analyst remarked: Capital keeps rotating, but not expanding – most flows happen off-chain, through ETFs, custodians, and synthetic exposure, while genuine on-chain demand remains subdued. TeddyVision stated that the recent capital rotation in the Bitcoin market is not indicative of its strength, but rather it is just “momentum running on fumes.” The analyst added that when the Bitcoin network usage stagnates while price keeps on increasing, valuations stop reflecting adoption and start tracking assumptions. To conclude, although Bitcoin is not collapsing just yet, the fall in its network usage activity speaks volumes about its falling fundamentals. That said, all may not be over for BTC just yet. In an X post, crypto analyst Titan of Crypto noted that the Bitcoin bull market is not over yet. The analyst stated that a Bitcoin bear market will only start if it loses the 50-day Simple Moving Average (SMA) on the weekly chart. Q4 2025 Bullish For BTC? While the recent flash crash to $102,000 may have spooked BTC bulls, several industry experts are still confident that the digital asset will continue to make new record highs in the last quarter of 2025. Related Reading: Bitcoin Short-Term Prediction: Why The Price Will Cross $140,000 By The End Of October Crypto market expert Ash Crypto recently predicted that BTC is likely to hit as high as $180,000 in Q4 2025. Similarly, fresh data from Binance suggests that BTC could be on track to $130,000. In the same vein, noted crypto analyst Egrag recently forecasted that BTC only needs a minor catalyst to surge to $175,000. At press time, BTC trades at $114,076, up 0.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com
The Stablecoin market is once again proving to be one of the most important indicators for crypto recovery after one of the most violent crashes in recent history. On Friday, Bitcoin plunged to $103,000 within minutes, triggering a wave of panic across the market as overleveraged positions were wiped out and Altcoins lost more than 80% of their value in the same period. The sudden correction left investors questioning whether this marked the end of the bull phase or simply a reset before the next leg up. Related Reading: Bitmine Receives 23,823 Ethereum From BitGo As Institutional Accumulation Continues Despite the chaos, key onchain data paints a more optimistic picture. Top analyst Darkfost highlights that the supply of ERC-20 stablecoins continues to grow, especially on Binance, the exchange that remains the undisputed leader in trading volume. This surge in stablecoin reserves suggests that liquidity is quietly rebuilding beneath the surface, as investors prepare for re-entry rather than full-scale retreat. In crypto cycles, rising stablecoin balances often act as a precursor to renewed buying pressure, indicating that capital is sitting on the sidelines, waiting for the right moment to return. As volatility cools down, the stablecoin supply could play a decisive role in shaping the market’s next major move. Liquidity Surges As Binance Hits Record High Reserves Darkfost shared data showing that the ERC-20 stablecoin supply on Binance has seen a massive surge over the past two months, rising by $10 billion since August, from $32 billion to $42 billion. This marks the highest level of ERC-20 stablecoin reserves ever recorded on the exchange, a significant milestone that signals renewed liquidity inflows into the market. This sharp increase in stablecoin reserves suggests two major dynamics at play. First, investors continue to deploy capital into the crypto market through stablecoins, a common precursor to renewed accumulation and trading activity. Second, Binance’s dominance in global trading volume remains unchallenged, with increasing user participation demanding more available liquidity on the platform. While part of this increase may stem from investors rotating capital back into stablecoins after the recent market crash, this explanation alone doesn’t capture the full picture. Binance typically adjusts its reserves in response to active trading behavior, meaning this spike is more likely linked to rising demand and capital readiness than to risk aversion. Despite recent volatility and sharp liquidations, the data show that liquidity is flowing back in, positioning the market for a potential rebound. If this trend continues, stablecoin accumulation on Binance could serve as the foundation for the next major leg up across Bitcoin and the broader crypto ecosystem. Related Reading: From $254M To $78.5B: Tron USDT Growth Drives Network Valuation Stablecoin Dominance Spikes: Capital Rotates After Market Crash The chart shows a sharp rise in stablecoin dominance, which recently spiked above 9% before cooling to around 8.15%. This move reflects a rapid flight to liquidity following last week’s extreme volatility, when Bitcoin plunged below $105K and altcoins saw significant losses. Historically, such spikes in stablecoin dominance indicate that traders are exiting risk assets to hold stablecoins, waiting for market stabilization before redeploying capital. Interestingly, the pullback from 9% to 8% suggests that the panic phase may already be easing. The market appears to be entering a reaccumulation phase, where stable capital is preparing for the next major move. On a technical level, stablecoin dominance remains well above its 50-day and 200-day moving averages, signaling persistent strength in liquidity reserves. Related Reading: Solana Network Activity Drops 50%: Is The Rally Built On Weak Fundamentals? If dominance continues to consolidate near these highs while Bitcoin stabilizes, it could create the foundation for renewed inflows into risk assets. In other words, money hasn’t left the market—it’s waiting on the sidelines. Stablecoin dominance above 8% generally marks periods of strong capital positioning, often preceding new market uptrends. The current setup, therefore, highlights growing investor caution but also a buildup of dry powder that could soon reenter the market. Featured image from ChatGPT, chart from TradingView.com
Enflux says the $600 million plan reflects a new wave of Asian capital favoring infrastructure tokens that power transaction flow over store-of-value assets.
The BNB price has staged a powerful recovery, surging over 16% to trade past $1,350, outpacing Bitcoin and Ethereum as optimism builds around an imminent spot ETF approval and renewed confidence in the Binance ecosystem. Related Reading: ‘BNB Isn’t Crumbling’: CZ Slams Critics Stirring Fear And Doubt The rally comes after a sharp sell-off triggered by geopolitical tensions earlier this month, followed by an aggressive rebound fueled by whale accumulation and institutional inflows. According to CoinGlass, daily trading volume jumped 55% to $10.7 billion, while open interest rose 25%, signaling fresh leveraged positions betting on continued upside momentum. BNB’s sharp turnaround mirrors broader market stabilization but with stronger conviction. Traders are now eyeing a move toward $1,450–$1,500, a region that would mark a new all-time high for the fourth-largest cryptocurrency by market capitalization. BNB's price trends to the upside on the daily chart. Source: BNBUSD on Tradingview CZ Attributes BNB Price Rally to Genuine Market Demand Binance founder Changpeng Zhao (CZ) weighed in on the rally, emphasizing that BNB’s recent strength comes from organic market demand, not artificial liquidity support. “BNB has no market makers,” he stated, adding that the price recovery reflects the community’s belief, builder activity, and deflationary mechanisms that continue to burn tokens. CZ also praised BNB Chain ecosystem contributors such as Venus and Binance, who “took hundreds of millions out of their own pockets to protect users” during the recent volatility, a move he described as a demonstration of “different value systems.” His comments helped solidify investor sentiment, with analysts noting that CZ’s transparency about internal market structure has reassured traders that BNB’s rally is fundamentally driven rather than speculative. The token’s deflationary model and sustained ecosystem utility continue to underpin long-term confidence. Can BNB Break $1,500 Next? From a technical standpoint, BNB’s breakout above $1,236 resistance has activated bullish momentum, with the RSI hovering near 65, showing strong but not overbought conditions. MACD crossover and robust volume spikes point to further upside potential. A close above $1,349 (the October 7 high) could propel the token toward $1,400–$1,452, with the next key psychological milestone at $1,500. Related Reading: Bitcoin Fear & Greed Index Crashes To Lowest Level In 6 Months, Is A Market Rebound Coming? Support remains firm at $1,192–$1,220, providing a cushion against short-term volatility. Analysts caution that while BNB’s momentum is strong, profit-taking around the $1,350–$1,400 zone could lead to brief consolidation before the next leg higher. Cover image from ChatGPT, BNBUSD chart from Tradingview
A crypto analyst has sparked fresh discussions on X social media after pointing out an eerie similarity between the current XRP price structure and its 2017 setup. Back then, the cryptocurrency experienced a sudden flash crash on Binance, dropping from $0.36 to $0.001 before soaring tens of thousands of percent to its all-time highs just weeks later. XRP Mirrors Flash Crash Setup From 2017 A new technical analysis by a crypto market expert known as ‘Guy on the Earth’ on X recalls December 2017, when XRP faced an alleged rug pull moment from Binance, which sent its price into a sharp, temporary collapse before igniting one of the most powerful bull runs in its history. His chart shows a dramatic flash crash that saw the XRP price drop more than 99% from $0.36 to $0.001 before experiencing an explosive breakout that took it to record levels above $3.00 in early 2018. Related Reading: Can XRP Replicate The BNB Price Rise To $1,300 ATH? Analyst Shows The Odds The analyst notes that this same structure appears to be forming once again on the XRP chart. The setup comes at a time when XRP faced one of its most drastic price declines in years, falling from $0.24 to $0.80 last week during a widespread market liquidation that saw almost all major cryptocurrencies in the red. Following the crash, reports from crypto members revealed that exchanges had allegedly refused retail investors from buying during the dip. Although XRP has since recovered from the severe crash, back up to $2.5 at the time of writing, the overall market sentiment remains cautious, echoing the uncertainty of late 2017 before the broader market entered its euphoric phase. Notably, the analyst acknowledged that the main difference between the current market and that of 2017 is the prevailing market sentiment following recent corrections—a disposition that could be described as post-crash fatigue. However, the XRP price chart still shows striking parallels to the earlier cycle. The analyst notes that his short-term bias is for a slight recovery, followed by another major flush, before a possible repeat of XRP’s parabolic move eight years ago. XRP Macro Outlook Still Bullish In a separate analysis, crypto market expert XForceGlobal presented a long-term outlook for XRP, showing an extended Elliott Wave count that suggests the cryptocurrency remains bullish on the macro timeframe. His chart shows that XRP had formed a multi-year consolidation triangle between 2021 and 2024. Related Reading: XRP Could Mirror 2017 Style Surge: Here’s How High The Price Will Go If It Happens According to him, XRP is following a unique pattern called the “Flat route.” XForceGlobal noted that the cryptocurrency appears to have completed its second corrected leg and is now within the confirmation stage of a renewed uptrend. He highlights that, from a timing standpoint, XRP is in a favorable position for a continuation, predicting an initial surge to $3.30, followed by a powerful breakout toward $24 in Wave 3 and a potential peak around $34 in Wave 5. Still, he cautions that any sustained drop below $0.6 could invalidate this bullish setup. Featured image from Getty Images, chart from Tradingview.com
A long-dormant Bitcoin stash moved into an exchange this week, renewing worries about old coins re-entering the market and the effect that could have on prices. Related Reading: XRP Traders Face Fresh Selling Pressure As Large Holders Move Out Mt. Gox Origins And Staggering Returns According to blockchain tracker Lookonchain, a cluster of addresses tied to coins pulled from Mt. Gox more than 13 years ago sent 300 BTC to Binance in a single transaction. Those coins were reportedly bought at about $11 each, meaning the original outlay was roughly $8,151. The transfer is now worth about $33.47 million, a mark-up of roughly 410,624%. Reports have disclosed that about 590 BTC still remain in the same group of addresses. The market crash just woke up a sleeping Bitcoin OG, who deposited 300 #BTC($33.47M) to #Binance 2 hours ago. He originally withdrew 749 $BTC($8,151 at the time) from #MtGox 13 years ago, when $BTC was just $11. He moved 159 $BTC to a new wallet a year ago but didn’t sell —… pic.twitter.com/tSxgO0Mw5E — Lookonchain (@lookonchain) October 12, 2025 Wallet Activity And What Changed Last year, the same owner moved 159 BTC into a new wallet and then left it untouched. This recent move is different because the coins arrived in an exchange hot wallet, where they can be sold quickly. Traders and market watchers noted the difference: one action kept coins on the chain, the other put them within reach of an order book. Whether the owner chooses to sell some or all of the 300 BTC is not known, but the presence of those funds on Binance makes rapid selling possible. Market Moves And Flows Bitcoin’s price recovered to about $115,000 on Monday, after dipping to $102,000 on Friday. That drop triggered billions in liquidations and left traders on edge. Based on figures, ETFs recorded $2.7 billion in inflows over the last week, and institutional demand showed resilience despite the volatility. Still, the market’s calm is fragile; a large sell order from an old holder could change short-term supply dynamics quickly. The move was flagged by on-chain analysts and then amplified across social platforms. Exchange inflows from wallets tied to early-era miners or Mt. Gox addresses tend to draw attention because they signal supply that was previously dormant coming back into circulation. In this case, the numbers are large enough to get traders’ attention. Possible Scenarios And Risks If some of the 300 BTC is sold, price pressure may increase, particularly during thin trading windows. Alternatively, the transfer could be part of estate consolidation or a decision to move funds to cold storage, in which case selling may not follow. Related Reading: A 5% Bitcoin Drop In October? History Shows That’s Rare Market participants will watch wallet behavior closely: rapid withdrawals to multiple exchange addresses, for example, would likely be interpreted as a selling sign. Featured image from Gemini, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The biggest crypto market crash came and went over the weekend, but the effects still linger on. Bitcoin, Ethereum, and nearly every major digital asset suffered price crashes, and what began as a panic over former US President Donald Trump’s surprise 100% tariff announcement on Chinese tech exports soon spiraled into over $19 billion wiped from the crypto market. In the aftermath, some analysts and commentators began piecing together what might have really happened, and many now believe that the crash was not natural but a meticulously coordinated event. The Crash Was Too Synchronized To Be A Coincidence Crypto commentator Ran Neuner was one of the first to argue that the weekend collapse appeared far too orchestrated to be random. In a post on the social media platform X, Reuner pointed out that the sell-off began immediately after US markets closed late on Friday, at a moment when both European and Asian trading desks were asleep. Related Reading: Crypto Crash: $19.5 Billion Wiped Out In Record-Breaking Liquidation Event At the same time, several major oracles began showing inconsistent price data, liquidity across exchanges evaporated, and many users reported being unable to access trading platforms to buy the dip or close positions. Furthermore, crypto data platforms like CoinGecko were either offline or displaying incorrect information, so users had no data about the crash. According to Neuner’s assessment, this was not a string of isolated glitches but a chain reaction of failures happening simultaneously across the ecosystem. This looked like some players had pulled the right levers at exactly the right time, and the crash “was a highly coordinated and well executed attack.” Binance’s Collateral System Was Exploited? Another theory that has gained traction came from a commentator known as ElonTrades, who proposed that the crash was caused by an exploitation of a weakness within Binance’s internal pricing mechanism. His analysis suggests that the event wasn’t a spontaneous panic but a calculated attack that used Binance’s own systems against itself, with the shock of Trump’s tariff announcement serving as the perfect cover. Related Reading: Institutions Dump Massive Amounts Of Bitcoin And Ethereum As XRP And Solana Buying Ramps Up According to ElonTrades, Binance’s Unified Account system, which allows traders to use multiple assets as collateral for leveraged positions, had been operating with a significant vulnerability. Instead of relying on external oracle feeds or stable redemption values to mark collateral, the exchange used its own order-book prices. This meant that if someone could manipulate the price of a collateral asset within Binance, they could instantly devalue billions of dollars in margin accounts. Binance had already announced plans to move to oracle-based pricing, but the rollout wasn’t until October 8. Some traders began dumping $60million to $90 million of USDe and other tokens like wBETH and BNSOL on Binance to force their internal prices down, even though those same assets maintained normal value elsewhere. The artificial plunge in price caused the platform’s margin system to view thousands of leveraged accounts as under-collateralized and caused automatic liquidations. That localized depeg triggered between $500 million and $1 billion in forced liquidations. At the same time, these actors opened $1.1 billion in BTC/ETH shorts on Hyperliquid to take advantage of the depeg, which eventually netted $192 million in profit. Just as the forced liquidations began, Trump’s 100% tariff announcement hit global headlines, adding panic and confusion to the mix. Within hours, the liquidation chain had spread to other exchanges. Regardless of the reason behind the crash, Bitcoin and other cryptocurrencies are starting to recover. At the time of writing, Bitcoin is trading at $115,025, up by 2.85 in the past 24 hours. Ethereum is trading at $4,160, up by 8.5% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com
According to reports, BNB showed unusual strength during a recent market tumble that wiped out nearly $20 billion in liquidations at the peak. The token barely budged at first — slipping roughly 2-3% during the early shock — and later traded above $1,130, gaining over 10% in 24 hours as buyers returned. Related Reading: A 5% Bitcoin Drop In October? History Shows That’s Rare CZ Pushes Back At Doubters Changpeng Zhao, the former Binance chief, answered critics on social media who suggested BNB’s steady price action deserved closer scrutiny. He mocked those raising alarm, using a laugh emoji and urging people to share more examples of BNB’s strength. He also said he was unaware of any affiliated entities buying or selling BNB in recent days and highlighted the community and infrastructure behind the chain as reasons for confidence. According to CoinMarketCap data, BNB’s limited drop put it in the same group as Bitcoin among the top-five coins that recorded minimal daily losses during the liquidation event. That put BNB in a small set of assets that outperformed peers while the market bled. fudders even try to make this sound like a bad thing? ????????♂️ Please post more of this about #BNB. ???? https://t.co/hOUy6ll4BS — CZ ???? BNB (@cz_binance) October 12, 2025 Community And Utility Provide Support Reports have disclosed several practical reasons why BNB held up. The token offers trading fee discounts, which become more valuable when volatility spikes and trading volume rises. Network revenue also climbed with the surge in activity, giving the token real transactional demand beyond speculation. BNB’s deflationary token design was mentioned as another factor that can support price under stress. Interesting how BNB was barely affected at all. pic.twitter.com/xurnb5vr1a — Jason Appleton (Crypto Crow) (@jasonappleton) October 12, 2025 Some observers have pointed out an additional feature: a lack of market maker involvement. CZ reiterated that claim, saying the project does not rely on affiliated trading entities to prop up price, and that the chain’s community and core functions help absorb shocks. Analyst Views And Market Moves Prominent trader Altcoin Sherpa described the token as “insanely strong,” noting that its outperformance was surprising even during a broad market rebound. Market participants took notice when BNB’s intraday loss turned out to be deeper than its modest seven-day decline, suggesting buying interest reappeared at key levels after the worst of the sell-off passed. $BNB is insanely strong, this surprised me a bit seeing the move today. All majors are bouncing a bit but BNB outperformance still confirms that BSC/BNB ecosystem is the place to play for now. pic.twitter.com/cYDbjJerKo — Altcoin Sherpa (@AltcoinSherpa) October 12, 2025 Some figures in the crypto space reported that certain meme-focused tokens plunged as much as 80% during the same period. By contrast, BNB’s deeper dip at one point reached about 17% before it recovered — a pattern that left traders debating whether the move was driven by genuine demand or by the particular structure of the Binance ecosystem. Related Reading: XRP Traders Face Fresh Selling Pressure As Large Holders Move Out Featured image from Getty Images, chart from TradingView
Jeff Yan, co-founder of Hyperliquid, said that some centralized exchanges may have underreported liquidation data by as much as 100 times.