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
Crypto markets started this new week with a surge powered by a rare alignment of favorable macroeconomic shifts. According to CryptoSlate data, Bitcoin climbed to a fresh intraday high above $116,000 before stabilizing near $115,587 as of press time. Notably, this is its highest price level in weeks and shows that it is within sight […]
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According to NYDIG research, Bitcoin’s price moves are driven more by the strength of the US dollar and broad liquidity conditions than by direct ties to inflation. Greg Cipolaro, NYDIG’s global head of research, said the data show weak and inconsistent links between inflation measures and Bitcoin. That view shifts attention away from the old narrative that Bitcoin is mainly an inflation hedge. Related Reading: XRP: The Catalyst For ‘Humanity’s Greatest Shift’ By 2030 —Analyst Inflation Link Weak Cipolaro argued that expectations for inflation are a slightly better signal than headline inflation readings, but still not a tight predictor of Bitcoin’s price. Instead, Bitcoin and gold both tend to gain when the US dollar weakens. While gold’s inverse relation with the dollar is long established, Bitcoin’s opposite movement to the dollar is newer but visible. Gold And Bitcoin React To Dollar Moves Based on reports, gold has historically climbed as the dollar falls. Bitcoin is following that pattern, though its correlation is less steady than gold’s. As Bitcoin becomes more connected with mainstream finance, NYDIG expects that its inverse relationship with the dollar will likely strengthen. This makes sense to traders who price everything in dollars and seek alternatives when the greenback loses purchasing power. Interest Rates And Money Supply Cipolaro highlighted interest rates and money supply as the two major macro levers that move both gold and Bitcoin. Lower interest rates and looser monetary policy have tended to support higher prices for these assets. In simple terms: when borrowing costs drop and liquidity rises, Bitcoin often benefits. The note framed gold as more of a real-rate hedge, while Bitcoin is described as acting like a gauge of market liquidity — a subtle but important distinction for investors. Illiquid Supply Drops, Selling Pressure Returns On-chain data show signs of renewed selling. Reports say illiquid Bitcoin — coins held in long-dormant wallets — fell from 14.38 million earlier in October to 14.300 million on the 23rd of October. Related Reading: ‘Money Will Pour In’ – CEO Predicts Bitcoin Will Explode To $180K That change means roughly 62,000 BTC, worth about $6.8 billion at recent prices, moved back into circulation. In the past, large inflows did exert price pressure. In January 2024, a substantial sum of coins came available that caused the price momentum to soften. According to Glassnode data, there has been a consistent selloff from wallets holding from 0.1 to 100 BTC, and first-time buyer supply has contracted down to ~213,000 BTC. The overall assessment from a macro perspective and on-chain metrics is not favorable. Demand from new buyers appears to be lighter, momentum traders appear to have stepped aside, and more coins are now available to trade. This combination can blunt rallies or deepen pullbacks until liquidity conditions improve or the dollar weakens. Featured image from Gemini, chart from TradingView
Over the years, a number of indicators have emerged that have often helped to pinpoint the Bitcoin bull market peak. These indicators have been triggered in previous cycles, and their triggers have often been a signal that it was time to get out of the market, as a new bear market is underway. However, this time around, even with the Bitcoin price hitting multiple new all-time highs, none of these cycle peak indicators have been triggered, suggesting that the market top has yet to be reached. 0 Out Of 30 Bull Market Peak Indicators Triggered The Bull Market Peak Indicator tracker on the Coinglass website follows a total of 30 indicators that follow 30 indicators that show the progress of the Bitcoin bull market toward reaching a top. Some major ones include the Bitcoin Bubble Index, the Puell Multiple, the Bitcoin Rainbow Chart, and the Altcoin Season Index, among others. Related Reading: Trump To Install New Pro-Crypto CFTC Chair? Here’s What We Know So Far Usually, these indicators are tracked on a scale of 0-100%, with 0% meaning that it is far from being triggered and 100% showing that an indicator has been triggered. If only a few of these get to the 100% mark and are triggered, it usually doesn’t mean that the Bitcoin peak has been reached. However, even now, not one of these indicators has been triggered. Most continue to remain quite low, while the likes of the Bitcoin dominance are high, but still have not been triggered. For there to be a definite progress toward the Bitcoin market peak, at least half of these would have to be triggered. What This Means For Investors Since none of the bull market peak indicators have been triggered, it means that the Bitcoin price might actually be far away from its all-time high. With the score still being 0 out of 30, it points to this being a time to hold, despite the declines that the market has suffered recently. Related Reading: Here’s How High The Bitcoin Price Would Be If It Catches Up With The Stock Market According to a previous report from Bitcoinist, this was the case a few months ago, and now two months later, the tracker remains the same. Thus, it could be that $126,000 is not the all-time high for Bitcoin, and that the market could end up getting an altcoin season after all. In the case that more than half of the bull market peak indicators do get triggered, then it means that the top of the market is getting close. Once it gets to 30/30, then it signals the start of the next bear market, and this is when selling is at its highest in the market, leading to rapid price declines across the board. Featured image from Dall.E, chart from TradingView.com
Nevada regulators shut down Fortress Trust on Oct. 22, citing insolvency that left the custodian holding roughly $200,000 in cash against $8 million owed in fiat and $4 million in crypto. The cease-and-desist order marked the second major Nevada trust-company collapse in two years, following Prime Trust’s entry into receivership in June 2023. Both firms […]
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For a market supposedly in a bull run, it doesn’t feel like one. Sure, Bitcoin may have set a couple of record highs this cycle, but the rallies have been uneventfully yawn-inducing, and the corrections have been savage. Altcoins are down 90% or more. Retail has vanished. And even the diehards are wondering if this […]
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Kraken’s record-breaking third quarter paints a vivid picture of a maturing crypto market and a grown-up company setting its sights on a long-awaited public debut. With $648 million in revenue and $178.6 million in adjusted EBITDA, Kraken posted its highest-ever profits in Q3, up 114% year-on-year. Unlike some of its counterparts that have struggled throughout […]
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The price of Bitcoin (BTC) rebounded past the $112,000 resistance level over the weekend, trading at $113,724 at the time of writing, according to CryptoSlate data. Bitcoin’s price breached the $113,000 mark for the second time this week—on Oct. 21, BTC was trading at $113,678. The latest price movement has helped Bitcoin’s value recover nearly […]
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The XRP/BTC monthly chart has finally snapped the long diagonal that’s capped XRP since 2018, and one analyst on X thinks that shift could rewrite the pecking order. Posting under the handle X Finance Bull (XFB), the analyst argued that XRP will soon start to outperform Bitcoin. This is because the XRP/BTC pair has not only broken out but also retested the trendline as support, and this has certified the start of a new buildup of momentum. Related Reading: XRP Sparks Bullish Frenzy As Top Software Dev Says It Beats ETF Hype Retest Of A Six-Year Breakout Trendline The mid-October flash crash that rippled through the crypto market left a visible mark on the XRP/BTC chart, creating a deep downward wick that momentarily dipped below the long-standing resistance trendline. However, as Bitcoin started to recover to above $110,000, XRP struggled to keep up and lost ground relative to Bitcoin. Interestingly, price action shows that this move was short-lived, and XRP has started to recover against Bitcoin in recent trading sessions. As shown on the monthly candlestick timeframe chart below, the wick fell to the exact level of the breakout retest, a point where former resistance turned into new support. This breakout occurred in late 2024/early 2025, when XRP outperformed Bitcoin for three consecutive months. From there, the XRP/Bitcoin pair was able to break out of a downward-sloping resistance trendline of lower highs spanning over six years. Since then, however, 2025 has been characterized by more months of Bitcoin outperforming XRP than months of XRP outperforming Bitcoin, with October falling into the former group of months. Particularly, during the flash crash, the XRP/BTC pair plunged to around 0.000007 before rebounding almost immediately, a move that, according to XFB, represents the long-awaited retest of the broken trendline. XRP/Bitcoin 1M chart. Source: @Xfinancebull Since that retest, XRP has recovered impressively, with the pair maintaining a monthly close above the diagonal that once acted as a ceiling. This technical confirmation signals the completion of the breakout from the 2018 to 2024 downtrend that had defined XRP’s multi-year underperformance against Bitcoin. The monthly structure is now displaying the early signs of an upward shift, with the pair trading around 0.00002258 BTC. XRP To Decouple And Outperform Bitcoin? According to the analyst, XRP is about to undergo a rally that massively outperforms Bitcoin and melts the face of many Bitcoin maximalists. XFB’s chart outlines two target zones ahead for XRP: 0.00014688 BTC and 0.00023009 BTC. The first target corresponds to the consolidation area seen between 2018 and 2019, while the second represents a major resistance cluster from the earlier phase of XRP’s creation. If XRP/BTC rallies to those levels, it would amount to approximately a 6x and 10x gain relative to Bitcoin, respectively. Related Reading: ‘The Best Is Yet To Come’: Ripple President Sees Bright Path Ahead For XRP The analyst also connects the technical setup to Ripple’s growing institutional ecosystem. He pointed to Ripple Prime, GTreasury, Metaco, Standard Custody, and Rail as part of the infrastructure that’s setting up XRP as a bridge asset for global finance. These partnerships give XRP an edge heading into the coming months, as it moves into real institutional utility and starts outperforming Bitcoin. If these developments continue, the incoming decoupling of the XRP/BTC pair could become one of the most significant events for XRP. At the time of writing, XRP is trading at $3.63, up by 3.5% in the past 24 hours. Featured image from Unsplash, chart from TradingView
Ethereum’s largest non-exchange holders are tiptoeing back into accumulation. On-chain analytics platform Santiment reported that wallets holding between 100 and 10,000 ETH, also known as whales and sharks, have begun to rebuild positions after unloading roughly 1.36 million ETH between October 5 and 16. Notably, the Ethereum collective holdings chart shows that nearly one-sixth of those coins have already been clawed back, as some confidence starts to return to the second-largest crypto asset. Related Reading: ‘The Best Is Yet To Come’: Ripple President Sees Bright Path Ahead For XRP Whales Reverse Course After Early-October Capitulation The first half of October was highlighted by one of Ethereum’s most pronounced periods of capitulation this year. Macroeconomic fears due to US tariffs saw the Bitcoin price undergo a flash crash that dragged many altcoins to the downside. During this move, Ethereum’s price also fell very quickly, dropping from highs around $4,740 on October 7 to as low as $3,680 on October 11. Interestingly, on-chain data shows that the selling pressure from large holders amplified this move, as the chart from Santiment shows a steep decline in their cumulative holdings from about 24.5 million ETH to roughly 22.6 million ETH. This 1.9 million ETH drop reflected clear risk-off behavior among whales and sharks, who had been net buyers since August. However, once selling momentum began to fade, accumulation started to return. Institutional inflows started to return into Spot Ethereum ETFs, and whale/shark trades started accumulating Ethereum. Since October 16, the same cohort that contributed to the liquidation has begun adding back to their positions. Santiment noted that these holders are finally showing some signs of confidence, demonstrating an incoming extended recovery phase following the shakeout. 218,470 ETH Added In Last 7 Days According to Santiment’s data, the collective holdings of addresses with 100 to 10,000 ETH have rebounded to approximately 23.05 million ETH after bottoming out in mid-October. A highlighted annotation on the chart shows that 218,470 ETH were accumulated in just the past week, signaling a tangible shift in on-chain behavior. Ethereum collective holdings of wallets holding 100-10,000 ETH. Source: Santiment This increase represents roughly one-sixth of the coins previously dumped, a sign that major investors are gradually re-entering the market after what appeared to be an exhaustion phase. Similar accumulation trends have often preceded a broader recovery in Ethereum’s price, especially when accompanied by stabilization in the ETH/BTC trading pair. As it stands, the Ethereum price appears to be building a firmer base for the next phase of its recovery heading into November. When whale wallets accumulate, it reduces the circulating supply available on exchanges and reduces selling pressure. Related Reading: XRP Sparks Bullish Frenzy As Top Software Dev Says It Beats ETF Hype At the time of writing, Ethereum is trading at $3,940 and is on track to break and close above $4,000 again. Both Ethereum and Bitcoin have risen a bit in recent days after inflation report showed US inflation cooling to 3% in September, below the 3.1% forecasted by economists. Featured image from Unsplash, chart from TradingView
Perpetual decentralized exchanges (perp DEXes) registered $1.049 trillion in monthly volume as of Oct. 24, marking the first time on-chain derivatives markets crossed the $1 trillion threshold and establishing a new benchmark for decentralized trading infrastructure. DefiLlama data shows roughly $1.241 trillion in 30-day volume as of Oct. 24. Yet on-chain open interest stands at […]
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Dogecoin’s higher-time-frame structure is starting to look constructive again. In a technical analysis posted on X, crypto analyst EtherNasyonaL noted that Dogecoin’s market cap has completed a build, and momentum is ready, pointing to a cup-and-handle breakout retest breakout on the monthly market-cap chart. The chart he shared shows Dogecoin’s market cap hovering just under $30 billion, riding above its 25-month moving average with a gentle series of higher lows that has been developing since the 2022 bear market base. Related Reading: XRP Sparks Bullish Frenzy As Top Software Dev Says It Beats ETF Hype Cup-And-Handle Breakout With A Convincing Retest The chart shared by EtherNasyonaL looks at a cup-and-handle structure that has been developing on Dogecoin’s market cap chart for several years. The cup portion stretches across 2022 and 2023, a long and gradual recovery phase following Dogecoin’s blow-off peak in the 2021 bull market. The handle is a narrowing consolidation under a descending resistance trendline that capped every attempt at recovery throughout the 2022/2023 bear market. Eventually, that resistance line was broken with a clean upward move in late 2024, confirming the first official breakout from the multi-year downtrend. However, what makes this setup interesting is the successful retest of that same resistance line, now turned into support, where price action briefly dipped before bouncing again. This retest occurred mid-October, when the Dogecoin crashed to $0.15 very briefly. The retest confirmed the breakout’s legitimacy, showing that Dogecoin traders defended the new support zone rather than allowing another breakdown. This kind of retest is known in technical analysis to lead to large directional moves, especially on higher timeframes where fewer false signals occur. EtherNasyonaL’s chart implies that Dogecoin has completed its build phase that lays the foundation for the next upward leg in its market cap. Dogecoin Market Cap. Source: @EtherNasyonaL on X Rising Bottoms And MA25 Support Strengthen Bullish Structure Another important element of EtherNasyonaL’s analysis lies in the consistent pattern of higher lows visible on the chart. Dogecoin’s market cap has formed a rising base since mid-2023, where each correction has ended above the previous one. Equally important is the 25-month moving average (MA25) that runs beneath the candles. This indicator has acted as a dynamic support level for much of Dogecoin’s higher-time-frame structure. EtherNasyonaL noted this indicator’s role as the trend backbone by pointing out that this support has “continued to hold the price.” Related Reading: ‘The Best Is Yet To Come’: Ripple President Sees Bright Path Ahead For XRP As it stands, Dogecoin is now trading well above this moving average. As long as the market cap remains above it, Dogecoin’s structure will continue to maintain its bullish integrity. Should momentum continue to build as the MACD line turns upward, as the chart suggests, the conditions could align for Dogecoin’s next expansion phase. The next expansion phase could take Dogecoin’s market cap above $100 billion, as projected in the chart above. At the time of writing, Dogecoin is trading at $0.20, with a market cap of $29.82 billion. Featured image from Unsplash, chart from TradingView
After years of tension between crypto and traditional finance, a symbolic shift is taking shape inside the world’s largest bank. JPMorgan Chase & Co. is reportedly preparing to let institutional clients use Bitcoin and Ethereum as collateral for cash loans. This means the bank’s borrowers can pledge the two top cryptocurrencies by market capitalization, which […]
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Crypto influencer Coach JV has reiterated his long-term faith in XRP and other digital assets, saying the current moment marks “the greatest shift in humanity.” According to his post on X, he updated a ranked list of his top holdings and urged patience, arguing that the next five years will reshape how money moves and how families hold wealth. Related Reading: XRP Sparks Bullish Frenzy As Top Software Dev Says It Beats ETF Hype Analyst’s Updated Holdings His current ranking places XRP first, followed by Bitcoin, Solana (SOL), Stellar (XLM), WLFI, Hedera (HBAR), and VeChain (VET). He said he favors assets with real-world use and lasting value over quick trades. Reports have disclosed that WLFI — the token tied to the Trump family’s World Liberty Financial — has not rallied since its September launch and is down about 71% from its peak on September 1. Still, Coach JV wrote that WLFI is “making moves up [his] ranking,” signaling increased confidence in the token despite its recent drop. My top holding have adjusted a bit. In order (just my journey do you) XRP BITCOIN SOL XLM WLFI (making moves up my ranking) HBAR VET This is the greatest shift in humanity. Looking forward to coming back to this in 2030. — Coach, JV (@Coachjv_) October 24, 2025 XRP As A Core Holding Coach JV argued that XRP’s fixed supply, speed, and scalability make it useful for cross-border payments. He has described XRP and Bitcoin as stores of family wealth. He told followers that fiat currency loses buying power over time and that crypto can help preserve purchasing power across generations. Coach JV also predicted that by 2030 he will look back and see early conviction rewarded. He went further, saying he expects XRP to surpass Bitcoin and Ethereum to become the top cryptocurrency by 2030 and that Ripple could act like a future bank. Community Response And Timing Meanwhile, reports have highlighted renewed optimism in the XRP community after pro-XRP engineer Vincent Van Code posted that “we might see some big announcements in favor of XRP.” Van Code suggested such news could come as soon as the US government reopens. Concerns over regulatory delays have been raised elsewhere; several observers say a temporary US shutdown slowed progress on approvals for an XRP exchange-traded fund and other regulatory milestones. Those delays are often cited as reasons why some market-moving updates remain pending. Boy wait til the government reopens again soon. We might see some big announcements in favor of XRP. — Vincent Van Code (@vincent_vancode) October 24, 2025 Market figures underline that conviction does not equal short-term gains. WLFI’s fall of about 71% from its peak on September 1 is a sharp example. Price moves like that were recorded after the token’s September debut. Investors quoted in social posts have pushed back, reminding followers that publicity and social confidence do not guarantee future returns. Related Reading: ‘The Best Is Yet To Come’: Ripple President Sees Bright Path Ahead For XRP Outlook And Advice According to Coach JV, patience is central: he told his audience to think in decades, not days, and wrote, “Looking forward to coming back to this in 2030.” That view is shared by some supporters, while others urge caution and point to clear losses in tokens like WLFI as reasons to manage risk. For now, Coach JV’s stance is public and firm, and it has sparked renewed debate about what role XRP and related projects will play in mainstream finance over the coming years. Featured image from Unsplash, chart from TradingView
New reports reveal that United States President Donald Trump has picked pro-crypto Michael Selig as the new chair nominee for the Commodity Futures Trading Commission. The CFTC’s role involves overseeing the futures, options, and crypto markets, ensuring these industries operate fairly and transparently while protecting participants from fraud and manipulation. With Selig being a widely recognized crypto supporter, this move by Trump could significantly impact the regulatory landscape of digital assets. Related Reading: 16,000 Ancient Bitcoins Just Moved—And It’s Costing Whales Billions Trump Nominates Pro-Crypto Selig As CFTC Chair According to a Bloomberg report on October 24, Trump selected Selig to chair the CFTC, sending his nominations to the Senate for confirmation hearings. Selig currently serves as the Chief Counsel for the Crypto Task Force and Senior Advisor to the Chairman of the US Securities and Exchange Commission, Paul S. Atkins. Notably, Selig had also worked as a partner specializing in crypto at the law firm Willkie Farr & Gallagher. His career has been closely aligned with the cryptocurrency industry, while harmonizing regulatory strategies for the SEC and the CFTC across both traditional and digital finance sectors. If his nomination is confirmed, Selig would lead the CFTC at a crucial moment, as Congress considers bills that could significantly expand the agency’s oversight and authority of the crypto and digital asset markets. Interestingly, this is not the first time Trump has nominated a candidate for the chair position of the CFTC. Selig’s nomination marks the second attempt to fill the role. Trump previously chose Brian Quintenz, the former commissioner of the CFTC and a previous Head of Policy at venture capital firm Andreessen Horowitz (a16z). However, Quintenz was withdrawn from consideration after concerns over potential conflicts of interest were raised by prominent industry figures, including Gemini founders Tyler and Cameron Winklevoss. Crypto Community Reacts To Selig’s Nomination The crypto community has largely welcomed Selig’s nomination as the CFTC Chair, viewing it as a potential turning point for regulatory clarity in the crypto sector. Chris Dixon, a managing partner at Andreessen Horowitz, emphasized the timing of the nomination as crucial for the passage of market structure legislation, noting that Selig’s leadership could provide clear, actionable rules for developers and consumers alike. Kristin Smith, the President of the Solana Institute, praised Selig as an “outstanding choice” whose expertise in the cryptocurrency and regulatory sectors could strengthen coordination between the US SEC and the CFTC. Moreover, she believes that as the next chair of the CFTC, Selig could foster a pro-crypto innovation-friendly environment in the US. Related Reading: XRP Sparks Bullish Frenzy As Top Software Dev Says It Beats ETF Hype Other members of the crypto community echoed similar positive sentiments, with some expressing optimism that Selig’s leadership could be bullish for the crypto market. Many expect his tenure to coincide with a more streamlined and supportive regulatory framework, which could potentially accelerate adoption and innovation within the digital asset industry. Featured image from Getty Images, chart from TradingView
According to VanEck’s Mid-October 2025 ChainCheck, Bitcoin could climb much higher if several big pieces line up. The firm ties Bitcoin’s long-run gains to broad money growth and futures market flows, and it lays out a path that reaches as high as $180,000 before the current bull market ends. Related Reading: XRP Sparks Bullish Frenzy As Top Software Dev Says It Beats ETF Hype VanEck Links Bitcoin To Global Money Supply Reports have disclosed a roughly 0.5 correlation between Bitcoin and total global M2 growth since 2014. Over that span, global liquidity across the top five currencies rose from about $50 trillion to nearly $100 trillion. Bitcoin’s price jumped roughly 700x during the same years. VanEck frames Bitcoin’s current size at about 2% of global money supply and argues that owning less than that share is, in effect, a bet against the asset class. This is a simple, numeric way to link money printing and asset demand. It does not claim perfect prediction, but it does say the connection is meaningful. Futures Flows And Market Fragility Based on reports, futures markets have been a major driver of short-term price moves. VanEck cites that about 73% of Bitcoin’s price variance since October 2020 can be traced to shifts in futures open interest, with a t-statistic of 71 supporting the relationship. Cash collateral backing those contracts sits near $145 billion. Open interest peaked at $52B on Oct. 6 and then fell to $39 billion by Oct. 10 after an eight-hour, 20% plunge in BTC. Borrowed positions have climbed near the 95th percentile at times, though positions above 30% have not held for more than 75 days historically. That pattern shows how crowded bets can unwind fast, and it helps explain sudden swings. Rotation Between Safe Havens And Risk Assets Meanwhile, analysts said that gold’s recent $2.5 trillion market cap correction should be read as a cooling off rather than a loss of faith. They said investors could shift between protection and growth exposure depending on macro prints. Based on reports, a soft US CPI print or easing trade tensions could redirect capital into Bitcoin, supporting scenarios where BTC moves to around $130,000–$132,000 in Q1 2026. Shorter-term targets in VanEck’s work include $129,200 and $141,000, while a clear rise above $125,000 would be taken as a sign of renewed buying strength. Related Reading: Tether CEO Claims USDT Reached 500 Million Users Worldwide Key Price Levels And Risks Price action has been trading between $108,000 and $125,000. VanEck identifies a “Whale Buy Zone” near $108,600 and says holding above $108,000 keeps the odds tilted to the upside. Featured image from Gemini, chart from TradingView
For years, many UK crypto holders have flown under the HMRC tax authority’s radar. They convinced themselves that digital assets somehow sit outside the country’s tax regime. Well, if you’re a UK resident residing in a river near Egypt, it’s about time you came up for air. Crypto tax is on the agenda, and the […]
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Ripple has finished its $1.25 billion purchase of Hidden Road and rebranded the firm as Ripple Prime, company leaders confirmed. According to executive remarks, the deal makes Ripple the first crypto company to own and run a global, multi-asset prime broker. Related Reading: 16,000 Ancient Bitcoins Just Moved—And It’s Costing Whales Billions Ripple President Monica Long said on X that the “future ahead is mighty bright,” and reports show the company is already moving to use XRP in new ways inside the prime brokerage business. Ripple Completes Hidden Road Deal Based on reports, Ripple Prime began life on Hidden Road’s backbone, a platform known for fast growth among non-bank prime brokers. Since Ripple announced the acquisition in April, business at the unit has tripled in size. Ripple Prime will offer services such as clearing, financing, and prime brokerage across asset classes, including FX, derivatives, swaps, and digital assets. Hidden Road’s founder, Marc Asch, will remain involved and work with CEO Brad Garlinghouse and other leaders as integration continues. The opportunities now available to Ripple Prime (fka Hidden Road) are expansive. With $RLUSD already being used as collateral for a number of prime brokerage products, and Ripple Prime looking at a variety of ways to utilize XRP, the future ahead is mighty bright. https://t.co/YFSUQlyeOO — Monica Long (@MonicaLongSF) October 24, 2025 RLUSD Gains Institutional Footing RLUSD, Ripple’s institutional stablecoin, is already being used as collateral across several prime brokerage products. According to company statements, some derivatives clients have chosen to hold balances in RLUSD rather than other currencies. Reports also note that BNY Mellon acts as the primary reserve custodian for RLUSD. Blockchain analytics firm Bluechip gave RLUSD an A rating for stability, governance, and asset backing, a ranking Ripple cites as evidence of institutional trust. Ripple’s Acquisition Push Strengthens Infrastructure Ripple has completed five major acquisitions in roughly two years, adding Metaco, Standard Custody, Rail, and GTreasury to its growing list of companies now working under its umbrella. The moves aim to expand custody, payments, liquidity, and treasury capabilities. Based on company comments, Ripple sees these buys as steps toward offering institutions a broader set of services tied to digital assets and traditional markets. Related Reading: XRP Sparks Bullish Frenzy As Top Software Dev Says It Beats ETF Hype Prime Brokerage Ambitions Grow Ripple has said it will use blockchain tools to streamline operations at Ripple Prime and reduce costs. According to executive remarks, the plan is to mesh payments, custody solutions, and stablecoin utility with prime brokerage functions to increase adoption among institutional clients. With today’s close of Hidden Road (now Ripple Prime), Ripple has announced 5 major acquisitions in ~2 years (GTreasury last week, Rail in August, Standard Custody in 2024, Metaco in 2023). As we continue to build solutions towards enabling an Internet of Value – I’m reminding you… https://t.co/O5Uub7ulw9 — Brad Garlinghouse (@bgarlinghouse) October 24, 2025 What This Means For XRP Monica Long’s upbeat message came with concrete moves rather than just words. Reports show Ripple Prime’s expansion and RLUSD’s institutional traction could make XRP more useful to banks and asset managers. Ripple CEO Brad Garlinghouse has repeatedly emphasized the company’s commitment to XRP, and Ripple’s latest steps put the token inside a wider set of services aimed at professional users. XRP Price Update Analysts and market watchers will be watching how quickly institutions adopt these new tools and whether XRP finds a steady, functional place in that ecosystem. XRP has been moving quietly within a tight range lately, holding between $2.30 and $2.50. The broader crypto market has stayed calm, and the token continues to trade comfortably above $2.20, showing resilience despite muted activity. According to crypto analysts, XRP’s quiet phase might not last long, pointing to a potential setup for a massive rally that could lift the coin far beyond its current zone — possibly reaching above $27 in the long run. Featured image from Unsplash, chart from TradingView
According to software engineer Vincent Van Code, fresh practical reasons are emerging for renewed confidence in XRP among some developers and investors. He argues that the biggest barrier to big firms holding XRP directly isn’t price or interest — it’s operations and compliance. Related Reading: 16,000 Ancient Bitcoins Just Moved—And It’s Costing Whales Billions Custody Costs Stall Direct Holdings Van Code told followers that big companies can’t just “set up a Ledger or Xumm wallet and drop $100 million in there.” He said institutions need formal custody arrangements, regular audits and compliance systems before they will touch crypto on a large scale. Reports place the upkeep of those services at about $300,000 a year for a single institutional setup, a figure that helps explain why many firms prefer not to hold tokens on their own balance sheets. What I am realizing with the bew @evernorthxrp announcement and stagnant XRP price is that it might be harder than we think for institutions to buy and hold XRP. Large companies aren’t going to simply setup a Ledger or Xaman wallet and drop $100M in there. They want custody,… — Vincent Van Code (@vincent_vancode) October 21, 2025 ETFs And Equity Routes Gain Traction Based on reports, Van Code believes that exchange-traded funds and public companies that hold XRP will be the easiest route for institutions to gain exposure. There are currently seven applications for XRP ETFs pending with the US Securities and Exchange Commission, though filings have been paused amid the US government shutdown. For many large investors, buying shares in a regulated fund or a company with an XRP treasury avoids the need to run custody systems in-house. Evernorth has become a focal point in that discussion. The venture, backed in part by Ripple, plans to build what it calls an institutional XRP treasury. Evernorth aims to purchase $1 billion worth of XRP and will start with over 560 million XRP after it secures $1.1 billion in committed capital from participants that include Ripple and SBI Holdings. Reports say the firm is pursuing a merger that is expected to close in Q1 2026, and the XRP purchases are planned to take place within 10 days of funding. ???? JUST IN: A Hyperliquid whale has opened a MASSIVE $1M XRP long position with 10x leverage at $2.40 ???? Looks like someone’s betting BIG on #XRP making a move soon! ???????? pic.twitter.com/RnhyNJhOFE — Xaif Crypto????????|???????? (@Xaif_Crypto) October 23, 2025 Related Reading: ‘Unthinkable Scenario’ Required For Bitcoin To Hit $250K, CEO Says Market Bets And Margin Positions Market activity indicates that certain traders are making considerable wagers on the near-term trajectory of XRP. Reports identified a sizable position in the Hyperliquid derivatives exchange where an anonymous trader made a $1,000,000 long position with an entry price of $2.409, representing 416,736 tokens. The position was put on with 10x exposure, and the community figure of Xaif helped to highlight the trade this week. Positions like this typically indicate short-term bullish sentiment from traders, although they can also cause increased price swings. Featured image from Pixabay, chart from TradingView
Pantera Capital founder and CEO Dan Morehead argues the core driver of this cycle remains the same “one trade” uniting macro and crypto: fiat debasement pushing capital into scarce, higher-beta assets. In a wide-ranging conversation with Real Vision’s Raoul Pal, the pair frame the current rally—and what comes next—through the lens of policy error, structural deficits, sticky inflation, and the slow-rolling migration of institutional and sovereign portfolios into digital assets. The Debasement Trade Powers The Crypto Bull Run Morehead’s starting point is blunt: “We have full employment. Inflation is debasing our assets by 3% a year… and they’re cutting rates. Like, it’s crazy.” He calls 2020–2021 “a policy error”—“there was a time where inflation was 8%, and the Fed Funds rate was zero”—and says easing into today’s backdrop “when everything’s booming” undermines the monetary check on “record fiscal deficits.” The consequence, he argues, is that price levels across real assets look high not because they are rallying independently, but because the denominator is falling: “It’s the price of paper money that’s plummeting.” Related Reading: Is The Crypto Bull Run Over? Lekker Capital CIO Warns ‘Don’t Miss The Forest’ Pal extends the frame to a single macro factor. “We use [Global Macro Investor’s] total global liquidity index as our benchmark for debasement. The Nasdaq, since 2012, has a 97.5% correlation, and Bitcoin is about 90%.” In his words, “None of it matters. It’s all one trade.” The implication is a regime where liquidity and debasement overwhelm the usual cross-asset nuance: “It’s the greatest macro trade of all time.” That regime, in Morehead’s view, also explains why adoption keeps broadening. The pair note how the “debasement trade” has migrated from crypto-native circles into bank research. “JP Morgan’s talking about it. And I got an email from Goldman today, the debasement trade,” Morehead says. “I’ve been talking about it for 12 years.” Pal adds that even large banks “openly” talk about currency debasement now, while clients are being offered wider access to crypto exposure. The wedge, they contend, remains institutional under-allocation. “How can you have a bubble nobody owns?” Morehead asks. “The median institutional investor’s exposure to crypto and blockchain ventures is literally 0.0.” Asked where steady-state allocation could land, he points to “8 or 10” percent over time, echoing Pal’s observation that many family offices that start at 2% “end up being 20% really fast” as price action mechanically increases weightings and conviction follows. Morehead also sees policy politics and geopolitics accelerating adoption. He argues the US election reset a regulatory headwind—“we went from… aggressively negative… to being extremely positive”—unlocking public pensions and sovereign funds that “got scared away in 2022” after the FTX/Luna/Celsius cascade and high-profile enforcement cases. He goes further, sketching a sovereign “arms race” for reserve Bitcoin: US holdings via seizures, “roughly the same” in China, and GCC states “aggressively getting into the blockchain space,” with room for acquisitions “tiny compared to balance sheets.” In his phrasing, if multiple blocs each target million-coin stockpiles, supply dynamics could “squeeze up like a watermelon seed.” Why This Crypto Bull Run Extends Into 2026 If liquidity and adoption anchor the bull case, both still respect crypto’s cyclicality. Morehead has modeled four-year dynamics around halvings and says Pantera’s prior cycle targets hit with eerie precision: “We forecast… Bitcoin would hit $118,542 on August 11th, 2025. And it did… one day [early].” He also notes past peaks coincided with celebratory “events”—the 2017 CME futures listing and 2021 Coinbase direct listing—followed by ~85% drawdowns. Yet he argues “this time” may be meaningfully extended by the policy and allocation backdrop: “The regulatory changes in the US, I think just trump everything… I think the next six to 12 months are still a big rally.” Pal, while acknowledging the internet’s penchant for hanging forecasters, concurs: “I think it’s going to extend.” Related Reading: Russia’s New Crypto Framework Could Redefine Global Trade Amid Sanctions Pressure The social dimension of adoption runs through the conversation. Debasement’s distributional effects have made housing and rents the stickiest CPI components—“35% of [core CPI] is shelter,” Morehead says—pushing younger cohorts toward hard assets. Meanwhile, the “virality rate of crypto is like 95%,” he claims: “you get a smart person… to think about it for an hour, they’re all like, ‘Oh yeah, I should buy some crypto.’” Evangelists matter, too: “Michael Saylor has done a great job. He has Messianic following… Tom Lee [on ETH]… We’re gonna endeavor to do that on Solana.” Visibility through ETFs, DATs, and media segments pulls newcomers into the funnel, where small initial slices tend to scale. As Pal puts it, investors who lack exposure feel “like you’re short the upside calls.” I love it when technology, crypto, and macro come together in someone’s journey… and there’s no one better than my dear friend @dan_pantera, an OG in the space! Please enjoy pic.twitter.com/ShZAd2tB3u — Raoul Pal (@RaoulGMI) October 23, 2025 For all the optimism, the macro warning lights stay on in the background: structural US deficits “literally in the best of times,” a monetary-fiscal loop trapped between refinancing needs and price stability, and a demographic drag on productivity that leaves AI-driven gains still ahead of the curve. “Debasing your fiat currency against everybody else’s fiat currency is a race to the bottom,” Morehead cautions. In that world, gold and crypto function as life rafts: “That’s why everything’s at record prices… except for paper money.” Both men close by zooming out. The internet is “53 years old and they’re still doing cool internet companies,” Morehead says; Bitcoin turning 17 means the asset class remains a teenager. The majority of institutions “still have 0.0” exposure. If the “one trade” persists—liquidity up, fiat down, adoption rising—then the path of least resistance, in their telling, still points higher. Or as Morehead compresses the thesis into a single line: “If you hold crypto for four or five years, I think it’s like 90% that you make money… It is that simple.” At press time, the total crypto market cap stood at $3.7 trillion. Featured image created with DALL.E, chart from TradingView.com
Reports have disclosed a 400% rise in stablecoin transfers on Ethereum over the last 30 days, pushing total transfer volume to $581 billion and more than 12.5 million transfers, according to Token Terminal. Related Reading: 16,000 Ancient Bitcoins Just Moved—And It’s Costing Whales Billions The stablecoin market cap on Ethereum now tops $163 billion. At the same time, Ethereum has fallen about 4.50% in the past week, and briefly tested support near $3,738, which some traders called a buying opportunity. Whales Step In With Large Buys On-chain trackers show heavy buying from large holders. A newly created wallet, 0x86Ed, spent $32 million to pick up 8,491 ETH in roughly three hours, based on Arkham Intelligence records. Another high-profile account monitored by LookOnChain moved 284K USDC into Hyperliquid after recent liquidations, apparently to maintain long exposure to ETH. Reports say October’s stablecoin transaction volume on Ethereum passed $1.91 trillion for the second time on record, a sign that big flows are still moving through the network. USDT usage on Ethereum is at an all-time high, with key metrics up ~400% from Sep ’23 lows. Monthly transfer volume in September was $580.9 billion & transfer count 12.5 million. At a ~$500 billion valuation, @Tether_to is the most valuable business building on @ethereum. pic.twitter.com/Z83e68NO8C — Token Terminal ???? (@tokenterminal) October 13, 2025 Institutions Are Increasing Exposure CryptoQuant and exchange data point to a rise in institutional interest. CME futures open interest for ETH has climbed, suggesting larger players are setting positions ahead of a potential price move. Fundstrat’s Tom Lee was cited saying ETH could head toward $5,000 if the ETH/BTC ratio clears the 0.087 resistance. Matt Sheffield, CIO at Sharplink Gaming, told analysts that past liquidations did not stop real use and that the scale of payments on legacy systems — SWIFT processes about $150T a year — shows how much room exists for stablecoins to grow on Ethereum. Big money is flowing into #Ethereum institutional interest is clearly rising fast…. The surge in CME futures open interest signals that smart money is gearing up for a major $ETH move ahead… pic.twitter.com/8oUfApDeoP — BitGuru ???? (@bitgu_ru) October 23, 2025 Technical Setups Show Clear Levels To Watch Technical analysis experts have noted a confluence of indicators near today’s prices. Currently, ETH is trading near $3887, just above the significant Fibonacci retracement of 0.618 at $3781. The 0.786 retracement is near $3,640 with the level of formal invalidation set at $3443. Some technicians have pointed to a triple bottom trading pattern around $3600, as well as the potential for a new accumulation reading from a Wycoff re-accumulation pattern which could lead to higher targets (notably $5125 at the 1.618 extension. Related Reading: ‘Unthinkable Scenario’ Required For Bitcoin To Hit $250K, CEO Says Balance Between Flow And Risk In sum, with heavy stablecoin flow, whale buying, and increasing interest in futures, this has created a basis for bullish calls into the $5000 range. That said, chart patterns fail, on-chain movements may not lead to changes in price, and traders who remain cognizant of the ETH/BTC ratio, the invalidation line at $3443, and whether large transactions are transferring or being used for longer-term custody, may get more clarity in the coming sessions. Featured image from Motion Island, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Shiba Inu (SHIB) continues to trade in a tight band, and that has kept many investors on edge. Based on reports, the token is down 45% year-to-date and 15% over the last 30 days. Related Reading: 16,000 Ancient Bitcoins Just Moved—And It’s Costing Whales Billions The memecoin’s price action has left holders wondering when — or if — a strong rebound will arrive. Volume and price swings have cooled, and market mood is leaning toward fear with the Fear & Greed Index at 30. Analyst Forecasts Late Surge According to MMB Trader, the stretch of quiet price action is not the end story for SHIB. He described the token as a “dead and sleeping coin” that often surprises late in a cycle. The key level to watch, he said, sits near $0.00001740. That line traces back to a trend that began after the March 2024 peak of $0.00004567. If SHIB breaks above that trendline and then holds it on a retest, the trader argued, the price structure would shift toward bullish. Three Breakout Targets Reports have disclosed three specific upside targets tied to that scenario. The first target is $0.00003364 — a rise of 235% from the current price of $0.00001003. The next target is $0.000055480, which would represent about 450% growth from today’s level. The most ambitious point in this view is $0.00007730, equal to roughly a 670% gain. Some analysts have a similar upside figure, calling for a move to $0.000081 if a sustained breakout happens. Mixed Signals From Models And Indicators Other forecasts are more modest. Based on CoinCodex data, SHIB is expected to reach $0.00001183 by November 23, 2025, a rise of 16% from the current price. Technical indicators in some services are showing Bearish sentiment now. Over the last 30 days SHIB posted 16/30 green days, or 53%, with price volatility around 8.91%. These details show activity is present, but it has not yet produced a clear directional push. Risk And Market Context Trading this token remains risky. Millions of holders are exposed while the market waits for a clear catalyst. A breakout above the trendline would likely be followed by a retest, which traders often use to confirm whether the move has real strength. If the retest fails, the price could fall back into its prior range. That scenario is as possible as a breakout, given the current low volatility and reduced volume. Related Reading: ‘Unthinkable Scenario’ Required For Bitcoin To Hit $250K, CEO Says Possible Rebound Based on reports and analyst calls, a late and rapid recovery for Shiba Inu is possible, but far from certain. The market is split between cautious models that predict single-digit gains and chart-based calls that map out several hundred percent rallies. For now, the trendline near $0.00001740 will be watched closely, and any decisive move above it would change the outlook quickly. Featured image from Unsplash, chart from TradingView
Trezor just unveiled Safe 7 and set a Nov. 23, 2025 ship date with the company is marketing the device as “quantum-ready.” However, the label refers to the wallet’s ability to verify future firmware and device attestation using post-quantum cryptography once those paths are available, not to on-chain protections for Bitcoin or Ethereum today. According […]
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We audit popular gold tokens against five trust tests, then compare them with BTC ETFs and native BTC settlement. Binance founder Changpeng Zhao recently claimed tokenized gold is not on-chain in response to Peter Schiff arguing tokenized gold can outcompete Bitcoin. Saying the obvious. Most people “in crypto” know this, most people “not in crypto” […]
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Solana is making an institutional case built on real world asset inflows, changes in validator infrastructure, and zero downtime during the Oct. 20 AWS outage. The chain’s RWA footprint sits near the top of its range, blue-chip issuers have gone live natively on Solana rails, and validators are skewing toward bare-metal and diverse data centers, […]
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The Bitcoin price has recently experienced a significant uptick in volatility, positively impacting its performance as it recovered to $110,000 after opening the week at $107,000. Despite this, Bitcoin’s struggle to maintain momentum near all-time high levels, combined with increasing selling pressure over the past month, has led some to speculate that the current bull run may have peaked. Analysts at The Bull Theory, on the other hand, have identified key indicators suggesting a shift in Bitcoin’s traditional four-year cycle, with potential for the ongoing bullish trend to extend into 2026. Anticipating Bitcoin Price Peak In Q2 2026 In a post on social media platform X (formerly Twitter), the analysts explained that the typical Bitcoin price pattern has historically followed a straightforward rhythm: Halving, a 12–18 month rally, a blow-off top, and then a bear market. This pattern has held true for over a decade, but recent data indicates a significant change. Related Reading: HYPE Soars Beyond $40 Following Robinhood Listing: What’s Next For Hyperliquid’s Price? According to their analysis, Bitcoin is transitioning from a four-year cycle to a five-year cycle, with the next peak anticipated around the second quarter of 2026. This change is attributed to deeper structural shifts within the global economy. Governments are increasingly rolling over debt for longer periods, business cycles are extending, and liquidity waves are moving through the financial system at a slower pace. One key factor pointed by the analysts influencing this lag is that when central banks cease tightening their monetary policies, it typically takes 6 to 12 months for liquidity to reach the markets. The easing signals from Federal Reserve (Fed) Chair Jerome Powell in the third quarter of 2025, such as indications of ending balance-sheet contraction, are expected to impact markets well into early 2026, rather than having an immediate effect. Additionally, this delay is evident outside the US China’s money supply (M2) has surged to more than double that of the US and continues to expand. Historically, when China’s liquidity grows faster than that of the US, the Bitcoin price tends to rally a few months later, thereby extending the cycle into the first half of 2026. Japan’s new Prime Minister has also initiated an economic package aimed at combating inflation, which is expected to further contribute to global liquidity. On-Chain Data Shows Institutional Accumulation This current cycle is also characterized by institutional accumulation rather than retail hype. Spot exchange-traded funds (ETFs), corporate treasuries, and funds are gradually purchasing and holding Bitcoin for extended periods. Despite the current market conditions, retail interest in Bitcoin remains subdued, with Google Trends showing significantly lower search interest compared to 2021 levels. This indicates that the market is currently in a phase of quiet expansion rather than widespread mania, and retail euphoria—which typically signals the end of market cycles—has yet to materialize. Related Reading: $1.7 Trillion Firm T. Rowe Price Seeks Approval For Crypto ETF Linked To Multiple Tokens On-chain data supports this mid-cycle structure, revealing that institutions continue to accumulate Bitcoin, exchange reserves are near multi-year lows, and miner selling pressure has diminished since the Halving event. While the four-year Halving model remains relevant, the analysts assert that it is now being reshaped by macro liquidity dynamics, institutional pacing, and elongated global cycles. Consequently, the true peak of this bull run may align more closely with Q2 2026 rather than 2025. Featured image from DALL-E, chart from TradingView.com
Mike Novogratz, CEO of Galaxy Digital, warned that Bitcoin reaching $250,000 by year-end would take “a heck of a lot of crazy stuff,” putting a big question mark over some of the bolder market forecasts. Related Reading: All It Took Was A Tweet: FLOKI Jumps 27% After Musk Mentions It According to his remarks, the more likely outcome is that Bitcoin holds near current levels unless major new forces push prices much higher. Novogratz Sets A Realistic Range Based on reports, Novogratz suggested a year-end range of roughly $100,000 to $125,000 for Bitcoin under normal market conditions. At the time of his comment Bitcoin traded around $107,000, meaning a move to $250,000 would require roughly a 130% rise in a matter of weeks. That kind of jump is possible, he said, but it would demand events far outside ordinary market behavior. What Would Need To Happen Reports have disclosed two main scenarios that could create the type of momentum needed for a run to $250,000. One involves US President Donald Trump exerting pressure on the Federal Reserve in a way that shifts macro policy and boosts risk assets. The other key trigger would be swift passage of a major market structure bill for crypto — commonly referred to in discussions as the CLARITY Act — which could open the door to a surge in institutional demand. Both are uncertain and would have to line up quickly for the price to triple-plus in weeks. Market Context And On-Chain Signals On-chain data and recent price action add weight to Novogratz’s caution. Analysts tracking flows, supply, and holder behavior have pointed to a period of profit-taking and slower buying. Glassnode and other trackers show signs of consolidation. In plain terms: long-term holders are selling some coins and new buyers have not yet overwhelmed sellers. Unless large new inflows appear, price momentum is likely to be limited. Related Reading: Bitcoin Whale Goes Big — $255M Longs Opened Before Trump–China Summit Bitcoin: Technical Thresholds To Watch Analysts are watching $125,000 as a key resistance level. A decisive move above that figure could change the math and encourage more buying. Conversely, a sustained hold near the low six-figure range would fit Novogratz’s base case. Spot Bitcoin ETF flows and big institutional purchases are the clearest possible catalysts that could tilt sentiment higher. According to market observers, investors should not assume rapid gains will occur simply because headlines mention big targets. The math is clear: moving from roughly $107,000 to $250,000 in about 10–11 weeks requires mass buying that has not yet appeared. Featured image from Gemini, chart from TradingView
Ethereum (ETH), the second-largest cryptocurrency by market cap, continues to trade slightly below the psychologically important $4,000 price level, following the brutal drawdown on October 9, which saw the digital currency test the support at around $3,435. Ethereum Stays Above Realized Price – Bullish Momentum Soon? According to a CryptoQuant Quicktake post by contributor TeddyVision, Ethereum is trading above its Realized Price at approximately $2,300. Dubbing the price level a “fundamental support zone,” the analyst said that historically, any dips below this level have marked a capitulation phase. Related Reading: Here’s What Happens To The Ethereum Price If Bullish Momentum Holds For the uninitiated, Realized Price represents the average cost basis of all ETH holders, calculated by dividing the total value of all ETH at the time they last moved on-chain by the current circulating supply. Realized Price effectively shows the “true” average price investors paid, serving as a key indicator of whether the market is in profit or loss. As long as ETH trades above Realized Price, the market structure is likely to remain bullish. The analyst also highlighted Ethereum’s Market Value to Realized Value (MVRV) ratio. Notably, ETH holders are currently, on average, at 67% profit relative to their cost basis. This metric gives two major hints about the current market. First, it shows that although the market is profitable, it is still far from “overheated” levels. Second, it indicates that market participants are confident about the market’s upward momentum, but not quite euphoric. To explain, the MVRV ratio compares the market value of an asset to its realized value. A higher MVRV indicates holders are sitting on larger unrealized profits – often signaling potential overvaluation – while a lower MVRV suggests undervaluation or market fear. Further, TeddyVision noted Ethereum’s reaction from the Upper Realized Price Band, which is currently located around $5,300. The analyst remarked: Price pulled back before reaching the “Overheating Zone. This isn’t a reversal – it’s a consolidation phase after distribution, a healthy cooldown without structural damage. Finally, spot inflows of ETH to crypto exchanges are also slowing down, hinting that the next leg up for the digital asset will likely depend on fresh liquidity, and not leverage. To sum it up, Ethereum is slowly moving from the distribution phase to the consolidation phase. Is It A Good Time To Buy ETH? While providing reliable future predictions in the crypto market remains a challenging task, fresh on-chain and exchange data point toward ETH regaining its bullish momentum. For instance, Binance funding rates recently hinted that ETH could surge to $6,800. Related Reading: Ethereum Poised For Breakout? SOPR Trend Hints At $5,000 Upside Similarly, ETH reserves on exchanges continue to fall at a rapid pace. Earlier this month, ETH supply on exchanges hit a multi-year low, increasing the probability of a potential “supply crunch” that can dramatically increase ETH’s price. That said, crypto analyst Nik Patel recently cautioned that ETH’s price correction may not yet be fully over. At press time, ETH trades at $3,849, up 0.3% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Lekker Capital CIO Quinn Thompson says the market just lived through a rare “positioning rinse” that has left crypto consensus facing the wrong direction at precisely the wrong time. “There’s about 1, at most 2, times per year where I feel like I’m seeing things at 180 degree odds with the crypto twitter consensus,” Thompson wrote on October 20, pointing to prior episodes in September 2023, September 2024, and February 2025 as similar inflection points for sentiment. “I am using the below 3 tweets to summarize consensus,” he added, linking to contemporaneous bearish posts from @qwqiao, @blknoiz06, and @cburniske to frame the prevailing mood. Why The Crypto Bull Run Highly Likely Isn’t Over Thompson’s core claim is straightforward and deliberately contrarian: the October 10 open-interest flush was not a reason to turn medium-term bearish on Bitcoin and Ethereum, but a capitulation that typically precedes strong forward returns. “Current setup for BTC and ETH is rare – largest positioning rinse in history of crypto while standing on doorstep of macro goldilocks. 10/10 liquidation cleared more leverage in $ and % of OI than entire Jan–Apr ’25 period. Opportunity ahead is similar to pre-Trump victory ’24,” he said. Related Reading: Russia’s New Crypto Framework Could Redefine Global Trade Amid Sanctions Pressure The message is not a victory lap, he emphasized: “It’s silly to even have to say this but the referenced tweets are not about being wrong or right – simply references to sentiment… Sometimes it’s better to observe more, love more and say less.” The positioning argument rests on a simple historical heuristic: selling “after” a deep deleveraging event is usually a poor trade once forced sellers have been flushed. “Anyone want to run the math on what percentage of -30–40% open interest crypto liquidation events was it a good idea to get bearish AFTER it happened?” Thompson asked He made his hypothesis explicit: “Getting medium time frame bearish, e.g. 40/80/120 days forward, after a large scale liquidation event is a poor risk/reward the vast majority of the time, especially if it is of the magnitude of the 10/10 event.” Market veteran Alex Krüger and Framework Ventures co-founder Vance Spencer each replied “0%,” a succinct endorsement of that probabilistic view. Related Reading: Crypto Market Records ‘Particularly Robust’ Q3 Performance With 16% Active Trader Growth – Report Beyond positioning, Thompson ties the crypto setup to a macro backdrop he repeatedly characterizes as “goldilocks.” In late summer, he and Felix Jauvin discussed gold’s bull case on Forward Guidance; that thesis, Thompson says, crystallized when a widely circulated image showed Vladimir Putin, Xi Jinping, and Narendra Modi clasping hands at the Shanghai Cooperation Organization summit. “When this picture leaked it was nail in the coffin and the most obvious buy gold signal you could get after its 4–5 month consolidation,” he wrote, arguing that Bitcoin now sits in an analogous posture after a ~10-month consolidation. “Basically getting the same thing now… Don’t miss the forest for the trees,” pointing to Coinbase CEO Brian Armstrong’s policy-push post. “Heading to D.C. tomorrow, excited to roll up our sleeves with key decision makers to get market structure to @POTUS’s desk”—as part of a constructive structural backdrop for US market plumbing. If you watch @ForwardGuidance, you will recall @fejau_inc and my gold rants back in late summer. When this picture leaked it was nail in the coffin and the most obvious buy gold signal you could get after its 4-5 month consolidation. Basically getting the same thing now after a… pic.twitter.com/ry29kkKocz — Quinn Thompson (@qthomp) October 22, 2025 At press time, BTC traded at $109,101. Featured image created with DALL.E, chart from TradingView.com