THE LATEST CRYPTO NEWS

An alarming pattern of XRP whale activity has been noted, posing several questions about the sustainability of the cryptocurrency’s growth. Among the multiple questions currently being asked, one is more demanding of an immediate response: Is an XRP whale sell-off on its way? XRP Supply Surges Across Major Exchanges In an October 3rd post on the social media platform X, market analyst CryptoOnchain highlighted a recent shift in the behavior of XRP’s largest holders, the whales.  The online pundit’s report was based on the Exchange Supply Ratio indicator, which tracks the proportion of XRP tokens on exchanges relative to its total circulating supply.  Related Reading: Bitcoin STH Exchange Inflows Hit $5.7B: Profit-Taking Already Underway? This metric can be used to derive insights on potential selling pressure for a crypto asset (XRP, in this case), seeing as higher values would suggest increased availability of tokens on the exchange for sale.  According to CryptoOnchain, there has been a spike in XRP supply across major exchanges, suggesting that whales might be positioning for a significant sell-off. The data shared reflects the increase in selling pressure across these exchanges, including Bithumb, Bitget, Bitfinex, and Binance, putting the XRP price at an increased risk of a sharp correction. XRP Displays Bearish Divergence As Sellers Dominate Futures Market  In a separate post made on the CryptoQuant platform, CryptoOnchain also revealed a budding negative divergence across the XRP futures market.  The relevant indicator here is the Taker Buy Sell Ratio metric, which monitors the balance between aggressive buy and sell orders in the futures market. This metric is typically used to assess whether buyers or sellers are dominating the market in the short term. The analyst noted that while the price of XRP has been mostly around $3 after its recent rise, the ‘Taker Ratio’ across exchanges has fallen to its lowest level since November 2024. Interestingly, data from Binance, the world’s largest crypto exchange, further supports this bearish signal, as patterns similar to those seen on other exchanges have also been surfacing.  Related Reading: Ethereum Matches Bitcoin In Annual Gains: What This Means For The Market CryptoOnchain explained that this situation could either mean that the market participants are booking profits or anticipating a price decline in the near future. However, the spike in XRP supply across major crypto exchanges, alongside the clear dominance of sellers in the perpetual futures market, strongly suggests the imminence of a price correction. It is therefore advisable to watch the psychological $3 level closely before market decisions are made. As of this writing, XRP is hovering around the $3 mark, reflecting a nearly 2% decline in the past 24 hours. Featured image from iStock, chart from TradingView

Shiba Inu is back in focus as October begins, with the crypto now trading above $0.000012 after weeks of sideways movement below this price level. Despite the sideways price action, on-chain data is pointing to a change in metrics that could soon translate into a breakout.  Crypto analyst Zayn shared fresh on-chain data of Shiba Inu custody on social media platform X, pointing out that the meme coin may be setting up for what traders have nicknamed Uptober. Exchange Reserves Hit Lowest Level Since 2023 According to data from on-chain analytics platform CryptoQuant, Shiba Inu exchange reserves have fallen to 84.55 trillion tokens, valued at about $998 million based on the current price of SHIB. This is important because this is the lowest amount of SHIB held on crypto exchanges since 2023, right before the crypto market started to transition out of a bear market. Related Reading: Why Shiba Inu Price Could Explode 100% With This Descending Pattern On The 2D Chart Interestingly, CryptoQuant’s data shows that Shiba Inu’s exchange reserves have been locked in a consistent downtrend throughout much of 2025, with large outflows steadily draining tokens from exchange wallets.  That trend briefly reversed in September when SHIB’s price attempted a breakout above $0.0000146 but was rejected. The rejection triggered a temporary spike in reserves, likely as short-term investors moved their holdings back onto exchanges to sell into the rally.  However, CryptoQuant data shows that the exchange reserve has resumed its outflows in the past few days, which shows that a massive amount of tokens are leaving exchanges and moving into self-custody or staking. Why Does This Matter? The decline in Shiba Inu’s exchange reserves carries weight because it directly impacts the balance between supply and demand. A shrinking supply of tokens on exchanges often translates to reduced selling pressure, since fewer holders are in a position to offload their tokens quickly.  Related Reading: Can Meme Coins Like Dogecoin And Shiba Inu Still Rally? What To Expect At the same time, history has shown that significant drops in exchange reserves often precede phases of strong accumulation. These accumulation waves have acted as a foundation for rallies, and this gives a reason to believe that the current trend could once again set the stage for a meaningful price breakout. Zayn noted that SHIB is currently trading just below a descending resistance trendline with lower highs and higher lows since May 2025. The bullish outlook right now is a break above this resistance of higher lows. SHIB’s track record in October provides an additional layer of confidence for its price outlook. Since its launch, Shiba Inu has never recorded a red October. Even during the 2022 bear market, SHIB managed to close the month in profit.  This consistent performance, combined with the current depletion of Shiba Inu exchange reserves, is why analysts are increasingly convinced that SHIB could be on the verge of a significant rally. If the trend repeats, October 2025 may add another chapter to Shiba Inu’s history of Uptober rallies. At the time of writing, Shiba Inu is trading at $0.00001261, up by 2.4% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com

On-chain analytics firm CryptoQuant has revealed the five key Bitcoin on-chain alerts that could be to keep an eye on in the coming week. Bitcoin Is Observing Developments On These Metrics In a new thread on X, CryptoQuant has discussed about some Bitcoin on-chain alerts that could be to watch amid the consolidation phase in the cryptocurrency’s price. Related Reading: Cardano Whale Makes $54 Million Coinbase Outflow: Sign Of Dip Buying? The first indicator shared by the analytics firm is the 60-day change in the market cap of USDT, the number one stablecoin. As is visible in the above chart, the 60-day change in the USDT market cap has continued to sit at a notable positive level recently, implying the stablecoin has been witnessing growth. Stablecoins are one of the main inlets of capital into the cryptocurrency sector, so growth in them can generally be a positive sign. Currently, the 60-day change in the USDT market cap has a value of $10 billion. “This is a clear sign of fresh liquidity entering the market,” notes CryptoQuant. Another stablecoins-related indicator that can be relevant for Bitcoin is the Stablecoin Supply Ratio (SSR), which measures the ratio between the market cap of BTC and combined that of all stables. A low value in the indicator can prove to be a bullish sign, as it implies investor purchasing power in the form of stablecoins is high compared to the Bitcoin market cap. From the below chart, it’s apparent that the Relative Strength Index (RSI) of the BTC SSR stands at a value of 21 right now, which is considered to be inside the “buy” territory. Another bullish sign that’s developing for Bitcoin is in the Accumulator Address Demand, an indicator that measures the demand that’s coming from addresses that have zero history of selling the cryptocurrency. These perennial HODLers now own 298,000 BTC, which is a new record. A metric that’s still inside the bearish zone, however, is the Inter-Exchange Flow Pulse (IFP). This metric keeps track of the BTC flows happening between spot and derivatives exchanges. The indicator has been following a downtrend during the past few months, which is considered to be a bear market pattern. “Watch closely: a shift upward often marks the start of bullish momentum,” says the analytics firm. The final metric shared by CryptoQuant is the Realized Price of the short-term holders (STHs), which measures the average cost basis of the Bitcoin investors who got in during the last 155 days. Related Reading: Bitcoin Sentiment Returns Back To Neutral As BTC Breaks $114,000 During BTC’s recent plunge, the STHs briefly dipped into losses, but the asset has since recovered above their Realized Price of $109,775. Bullish trends have historically continued when the coin has traded above this level. BTC Price Bitcoin has climbed back to $114,200 following its recovery surge in the last couple of days. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

Shiba Inu (SHIB) is witnessing a significant shift on centralized exchanges, as fresh on-chain data reveals that the meme coin’s reserves have plunged below the $1 billion mark following a massive withdrawal spree. While this decline may seem concerning at first glance, historical trends suggest that such large-scale withdrawals often indicate a shift from selling to accumulation in the long term.  Shiba Inu Exchange Reserves Plunge To New Lows According to data from CryptoQuant, Shiba Inu’s exchange reserves have experienced a steep drop in recent months. As of September 28, 2024, SHIB’s supply across exchanges was approximately 143.62 trillion tokens, equivalent to over $1.5 billion at the time. However, by Monday, September 29 2025, reserves have thinned down significantly to 84.55 trillion tokens, valued at just under $998 million at current market rates.  Related Reading: Is Shiba Inu At Risk Of Losing Its Second-Largest Meme Coin Position To PEPE And MemeCore? Based on this timeline, the supply of Shiba Inu on exchanges has decreased by a whopping 59.1 trillion tokens in just one year. This marks the lowest level of SHIB held on exchanges since 2023, highlighting a shift in investor sentiment as withdrawals flood the market.  Notably, the sharpest decline in Shiba Inu’s exchange reserves this year was recorded on January 7. At the time, holdings across these centralized platforms fell to 107.84 trillion SHIB, marking a drop of more than 33 trillion tokens from January 6, when reserves stood at roughly 140.79 trillion coins. Since then, SHIB’s exchange balances have continued to shrink, decreasing week by week. The decline in available supply suggests that investors may be moving their tokens into self-custody or staking options, thereby reducing risks from widespread selling pressure. Historically, when exchange reserves plummet, assets become scarcer for trading, creating conditions in which price pressure can develop if demand increases.  At the same time, SHIB’s price has faced turbulence in recent months. The token is currently trading at around $0.000011, down from its local highs earlier this year. However, analysts like ’SHIB KNIGHT’ on X social media believe that the current dip represents a buying opportunity, pointing out that the meme coin has entered a key accumulation zone. He argues that long-term holders are capitalizing on lower valuations, slowly adding to each dip.  Technical Signals Hint At SHIB Price Breakout While Shiba Inu’s exchange supply declines, technical charts suggest that the meme coin may be preparing for its next price breakout. According to market expert ‘SHIB Mortal,’ Shiba Inu is showing signs of setting up for an “Uptober” rally. His chart analysis highlights a descending resistance trendline that the coin has repeatedly tested, paired with strong support around the $0.000010 zone. Related Reading: Why Shiba Inu Price Could Explode 100% With This Descending Pattern On The 2D Chart SHIB Mortal’s chart illustrates a potential reversal pattern forming, where the meme coin could bounce off current support, reclaim the trendline, and ignite a possible rally to $0.000019 by October. This move would mark a surge of over 70% from current levels around $0.000011.  Featured image from Getty Images, chart from Tradingview.com

XRP’s burn mechanism, which is a long-term supply control feature of the network, is now facing serious questions after daily burns are now at almost zero. Particularly, on-chain metrics from CryptoQuant show that the once-active burn activity that removed thousands of coins per day from circulation has virtually disappeared in recent weeks. This collapse in burns is notable, as it shows how much XRP burns are contributing to the cryptocurrency’s overall token dynamics. Burn Activity Falls Off A Cliff XRP burns have dropped significantly in the past few months, and burn activity has been virtually nonexistent in August and September. This drop in burns is visualized in a detailed chart from CryptoQuant, which tracks the historical progression of XRP burn activity and the changes that have taken place since the beginning of the year. Related Reading: Market Expert Says Sell All Your XRP Once This Happens Back in December 2024, burns briefly surged to more than 15,000 coin in a single day during a period of high network activity. That momentum carried into the early months of 2025, when burn levels stabilized at a moderate but steady pace, ranging from 2,500 to 7,500 XRP per day.  By late August, however, activity had collapsed to historic lows, sliding below 1,000 tokens daily and remaining at those depressed levels throughout September. Current figures show only 400 to 750 XRP being burned each day, an amount that is almost insignificant when compared to the token’s massive supply of more than 60 billion. XRP’s burn mechanism is unlike that of popular crypto burns like Shiba Inu. Instead of large periodic burns, it has a constant, small-scale burn mechanism. Each time a transaction is processed on the XRP Ledger, a small fee (set at a minimum of 0.00001 XRP) is permanently destroyed. This mechanism means that every transfer contributes to reducing supply, but the effect is only meaningful when transaction volumes are consistently high. The huge decline in XRP burns, therefore, reflects not only the burn slowdown but also lower levels of transactions on the XRP Ledger itself, at least compared to Q4 2024. In effect, the burn statistics are serving as a mirror of current on-chain activity. XRP Successfully Defends $2.8 Interestingly, XRP’s price action in the past months has not mirrored the collapse in burns. In contrast, the XRP price has managed notable rallies, with it breaking to a new all-time high of $3.65 in July. Related Reading: $480 Million In 2 Weeks? XRP Whale Movements Could Reveal The Next Price Direction At the time of writing, however, the altcoin has retraced by over 20% from that all-time high. Particularly, recent price action in the most recent seven days saw the altcoin break below $3 again after rejecting an earlier rally between $3.18 and $3.15. However, it seems XRP bulls stepped in around support at $2.8 to prevent further declines.  At the time of writing, XRP is trading at $2.88, having staged a 2.2% rebound in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com

XRP’s growing momentum has not only intensified price speculations but has also placed it in direct comparison with Bitcoin in one surprising metric, especially in the South Korean market. Data shows that XRP is now challenging Bitcoin’s dominance in the South Korean crypto world, as evidenced by the reserves of Upbit, the biggest crypto exchange in the country in terms of trading volume and market share.  Upbit’s Unusual XRP Reserve Levels On-chain data shows how XRP is beginning to challenge Bitcoin’s long-standing dominance in South Korea, where trading activity is among the most vibrant globally. As the leading cryptocurrency, most exchanges across the world hold Bitcoin as the dominant reserve asset, with BTC traditionally accounting for the largest share of exchange portfolios. This has been the case because exchange reserves are shaped by customer demand, and Bitcoin has been the preferred asset for traders. Related Reading: Analyst Uses AI To Show How High The XRP Price Will Be If XRP ETFs Are Approved However, it would seem the Korean market is bucking the trend, and investors are getting more inclined to XRP. According to on-chain data from CryptoQuant, which was first posted on the social media platform X by an analytics account called CryptoOnchain’s, XRP is challenging Bitcoin’s dominance on Upbit, which is the biggest crypto exchange in South Korea.  This trend began in December 2024, when Upbit started significantly increasing its XRP reserves. At the time of writing, the amount of XRP held by the exchange is now at levels that rival its Bitcoin holdings.  As shown in the chart below, XRP’s USD value in Upbit’s reserves has risen steeply alongside Bitcoin’s since the beginning of the year, with XRP even breaking above $20 billion briefly before retracing. As of now, the value of XRP reserves on Upbit is around $18 billion, only slightly below Bitcoin’s $20 billion on the platform. For comparison, Ethereum’s holdings on Upbit are just a little above $5 billion. This shows how XRP has carved out a position much closer to Bitcoin than any other major cryptocurrency on the exchange. Implications For The Altcoin’s Future Demand Monitoring these reserve trends at Upbit could serve as an important indicator for XRP’s trajectory in the months ahead. Given Upbit’s large influence in Asia, its portfolio balance has implications beyond its own platform, and it could shape XRP’s demand and price action within the continent.  Related Reading: Analyst Sounds Major XRP Warning: Last Chance To Get In As Accumulation Balloons Trading data has shown periods of exceptionally high XRP trading volume and activity on Upbit in the past. If the altcoin continues to maintain parity with Bitcoin in Upbit’s reserves, it would signal a deep structural preference for the token in one of the world’s most active trading hubs, and this would, in turn, add weight to bullish arguments of a sustained upward price momentum. At the time of writing, XRP is trading at $2.81, down by 6.5% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com

Analyst Austin Hilton has sounded a major XRP warning even as the price continues to consolidate. He declared that this is the last chance to get into the altcoin before its price goes on a parabolic run.  Last Chance To Get In On XRP Before Its Q4 Bull Run In a YouTube video, Austin Hilton warned that this is the last chance for investors to accumulate XRP before its major bull run in the last quarter of this year. He noted that September was expected to be a slow month with little action from the altcoin, especially as investors wait on a Fed rate cut.  Related Reading: Analyst Warns XRP Investors Not To FOMO In, Wait For This To Happen First The analyst further remarked that the altcoin has even outperformed expectations this month, considering that it was able to reclaim the psychological $3 level and has held well above support levels. However, Austin Hilton predicts that a greater run lies ahead for the altcoin, with liquidity set to return in the fourth quarter from both retail and institutional investors.  Another bullish fundamental he alluded to is the fact that XRP is being taken off exchanges, which indicates that crypto whales are actively accumulating the token. This could lead to a supply shock, which could serve as a catalyst for higher prices. Bitcoinist reported that Coinbase’s reserves have crashed by 90% as whales move tokens off the exchange to hold for the long term.  Meanwhile, four major crypto exchanges, including Binance, saw massive demand earlier in the month, leading them to add 1.2 million coins to meet this demand. The CryptoQuant analysis that pointed this out noted that the demand might have been coordinated and might have come from institutions. This comes ahead of the potential XRP ETFs launch, which is bullish for the altcoin’s price.  Institutions Set To Flow Into The Altcoin With ETF Launch Institutions are set to inject new capital into the ecosystem with the launch of the first spot XRP ETF, which is happening this week. REX Shares confirmed that its REX-Osprey XRP ETF (XRPR) is coming this week. It noted that this will be the first U.S. ETF to deliver investors spot exposure to XRP.  Related Reading: What To Expect If XRP ETFs Get Approval From The SEC Bloomberg analyst James Seyffart stated that the REX-Osprey XRP ETF isn’t a “pure” spot ETF. He explained that it will hold spot directly and other spot XRP ETFs from around the world to get its exposure. The analyst also noted that the fund’s prospectus includes language that would allow it to invest in derivatives for exposure if needed. However, that won’t be the primary exposure method.  The spot XRP ETFs could get a SEC approval in October, which is another factor that could serve as a catalyst for higher prices for the cryptocurrency heading into the fourth quarter. Seven fund issuers are currently awaiting the SEC’s approval to offer a 100% spot XRP ETF.  At the time of writing, the XRP price is trading at around $2.97, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

Bitcoin miners are shifting strategies as the BTC price rebounds back above $114,000 after declining from all-time highs. Instead of sticking to familiar patterns, mining firms are adjusting how they manage their holdings and operations, signaling a change in the status quo as market conditions slowly recover. Bitcoin Miners Shift From Selling To Accumulating A new analysis from CryptoQuant suggests that Bitcoin miners are breaking away from historic patterns as BTC hovers above $114,000. The data reveals a significant structural shift in miner strategies, with long-term accumulation taking precedence over aggressive sell-offs, even during price surges.  Related Reading: Bitcoin Jackpot: Solo Bitcoin Miner Nets $360,000 To Beat 1 In 800 Odds The Miners’ Position Index (MPI) has historically been a crucial market sentiment indicator. CryptoQuant revealed that sharp spikes in MPI often occurred during two critical periods—pre-halving, when miners sold operations of their holdings to secure liquidity, and late bull markets, when they took advantage of retail-driven price momentum.  However, the trend is markedly different in the current cycle. While some pre-halving selling has been recorded, the signature late-cycle liquidations are noticeably absent. According to CryptoQuant, this deviation suggests that external factors such as Spot ETF approvals from sovereign economies’ recognition of Bitcoin as a strategic reserve could be encouraging miners to hold onto their BTC rather than liquidate it.  The resilience of the Bitcoin network itself represents another critical aspect of this shift. Mining difficulty has soared to unprecedented levels, with its trajectory following what analysts have dubbed the “Banana Zone.” Such sporadic growth not only underscores miners’ confidence in Bitcoin’s long-term potential but also reduces the likelihood of a miner-driven supply shock hitting the market.  Transaction fees provide further confirmation of the recent changes in miner strategies. CryptoQuant notes that in previous cycles, spiking fees were usually precursors to overheated market conditions and inevitable downturns. Despite significant fee increases, Bitcoin’s price action has remained steady this time, showing a stepwise rally rather than a blow-off top. The pattern strongly supports the theory that miners are strategically accumulating BTC instead of releasing supply during short-term demand surges.  Mining Difficulty Rises Despite BTC Price Volatility  Even as miners adopt a longer-term strategy, Bitcoin’s mining difficulty continues to top the charts, climbing past 136 trillion earlier this week and marking a new all-time high. While this milestone highlights the network’s unmatched resilience, it comes during increased volatility in Bitcoin’s price action.  Related Reading: Shakeout Pattern Says Bitcoin Price Is Not Done, Why It’s Headed Above $130,000 Notably, crypto analyst Matthew Hyland pointed out that Bitcoin’s monthly Bollinger Bands have reached their most extreme level in history, signaling an unprecedented surge in volatility across the market.  In addition, over the past month, Bitcoin has dropped 4%, retreating from its ATH level above $124,000 to its current level of $114,000, according to CoinMarketCap. Although its 2.73% increase to $114,000 in the last week signals growing momentum, market analysts remain cautious about what lies ahead. Featured image from Pixabay, chart from Tradingview.com

Despite recent volatility and price swings, XRP has remained firm above critical support levels, with technical indicators suggesting a possible breakout. Crypto analysts who closely monitor momentum on the daily time frame, particularly the Relative Strength Index (RSI), indicate that XRP bulls are regaining strength, paving the way for a potential move above the $ 3.60 mark.  RSI Turns Bullish As XRP Eyes Higher Levels In his latest analysis on X social media, crypto market expert Dark Defender noted that XRP’s price structure is holding steady above essential support zones, with the $2.85 level emerging as a pivotal point in the current cycle. Previously identified as strong support, $ 2.85 has now flipped into a resistance barrier.  Related Reading: XRP Price Could See 20% Bounce To $3.4 If This Trendline Holds A sustained push above this threshold could unlock a path toward $3 and beyond, ultimately setting the stage for a potential retest of the $3.6 weekly resistance line. At the time of writing, the price of XRP is $2.87, meaning a surge above $ 3.60 would represent a significant increase of more than 25%.  On the daily chart, XRP has completed a corrective ABC pattern, with the recent bounce from the $2.74 level marking the start of a new upward wave. The RSI indicator has begun trending upward from oversold conditions, signaling renewed buying momentum. This bullish divergence strengthens the case for a potential breakout rally, provided that price maintains its footing above the retracement levels of 23.6% and 38.2%.  Currently, momentum indicators suggest that XRP’s next target lies in the $2.85 and $3 zone, with the possibility of a stronger increase if volume supports the move. Dark Defender’s analysis underscores that although XRP’s price action remains slow and consolidating, its structure continues to align with bullish technical signals, reinforcing expectations of further upside in the near term.   Analyst Signals Caution As XRP Exchange Reserves Spike Crypto analyst Greg Miller has announced on X that XRP exchange reserves have surged to a one-year high—a development often interpreted as a sign of selling pressure. Sharp increases in reserves typically suggest that more tokens are being moved onto centralized platforms, with investors possibly preparing for liquidation. Related Reading: Analyst Predicts The XRP Price If 10% Of Global Assets Are Tokenized The CryptoQuant‘s chart reveals a clear divergence between XRP’s exchange holdings and price action. While the cryptocurrency is consolidating around the $2.7 to $2.9 range, the sharp uptick in reserves reflects growing caution among investors. Historically, similar trends have preceded price corrections, and XRP’s earlier breakdown from the $2.74 level confirms that bearish momentum has not fully dissipated.  According to Miller, the surge in reserves introduces a significant risk in September. While some technicals favor an upside breakout, the heavy supply in exchanges could cap gains prematurely, stalling any meaningful rally. Without a surge in demand to absorb inflows, Miller argues that XRP’s recovery toward $3 or higher remains unlikely. Featured image from Getty Images, chart from Tradingview.com

Bitcoin (BTC) experienced a moderate price rebound last week, rallying to around $113,000 before witnessing a minor setback. The crypto market leader now trades near the $111,000 price level and stands 10.46% away from its all-time high. Meanwhile, recent data from blockchain analytics firm CryptoQuant has highlighted an intriguing trend in the accumulating activity of Bitcoin treasuries. Related Reading: Old Bitcoin Supply Unlocks: 7,626 BTC Aged 3–5 Years Moves Onchain Bitcoin Treasury Holdings Hit 840K In 2025 In a weekly report posted on September 5, CryptoQuant reports that Bitcoin treasury holdings by public and private companies have reached a new record of 840,000 BTC in 2025, representing the overwhelming institutional interest seen in the present market cycle. However, beneath this headline milestone lies a stark, cautious shift in market dynamics. Notably, monthly purchases have slowed dramatically, raising questions about the sustainability of corporate demand for Bitcoin.   Through combined efforts with bitcointreasuries.net.data, CryptoQuant has discovered that Strategy, being the most aggressive institutional accumulator of Bitcoin, has sharply reduced its buying pace by 97% over the last 12 months. Notably, after acquiring an all-time high of 134,000 BTC in November 2024, the Saylor-led company’s purchases dropped to just 3,700 BTC in August 2025. While other Bitcoin treasuries have stepped in more cautiously, adding 14,800 BTC in August compared to Strategy’s relatively small 3,700 BTC buy, their volumes remain far below the peaks seen earlier in 2025. Notably, these other companies had produced a temporary surge in early 2025, recording a 66,000 BTC all-time high purchase in January, which has clearly faded following their August reports. Notably, all this data indicates that while total holdings are at record levels, the flow of new institutional money appears to be drying up. Related Reading: Bitcoin Mining Turns To Clean Energy Alternatives — Here’s Why Bitcoin Price Overview At the time of writing, Bitcoin is trading at $110,942, up by 0.48% over the past 24 hours. Daily trading volume has also increased by 4.56% to $61.05 billion, indicating steady market activity. However, the cryptocurrency faces headwinds, with a 3.76% monthly loss underscoring its fragile momentum. The next key resistance level sits near $113,700, a zone that has already proven difficult to break on two separate occasions over the past month. Meanwhile, with Bitcoin price direction largely uncertain, CryptoQuant’s report suggests corporate treasuries appear hesitant to allocate further capital at scale, preferring smaller, more conservative purchases. This behavior signals that while the narrative of Bitcoin as a treasury reserve asset persists, incremental demand growth is slowing. In addition, it raises significant concerns about the potential behavior of these treasury companies during the much-anticipated crypto winter.  Featured image from istock, chart from Tradingview

Since reaching a new all-time high of $124,427 on August 14, Bitcoin has entered a prolonged corrective phase, losing 12.18% of its value over the last two weeks. With market prices now moving within the $109,000 range, market analyst Yonsei_dent has identified a pivotal support level to the present bullish market structure. Related Reading: Analyst Forecasts Bitcoin Price Will Break This Support Level, Can $100,000 Hold? Bitcoin’s $107,800 Line In The Sand: Support Or Breakdown Ahead? In a QuickTake post on CryptoQuant, Yonsei_dent shares some technical insight into the Bitcoin market, highlighting several important price levels at the moment. The analyst explains that Bitcoin’s current market price is sitting almost directly on top of the Short-Term Holder (STH) Realized Price, an important metric that tracks the average cost basis of recently acquired coins. Notably, investors holding coins for 1 week–1 month have an average cost basis of $116,400, while the 1–3 month cohort sits lower at $112,600. Meanwhile, holders in the 3–6 month range show a significantly cheaper cost basis of $93,400. When all these groups of short-term holders are weighted by realized capitalization, the blended average STH cost basis is calculated at around $107,800, i.e., about 1.45%% below present market prices. This alignment makes the $107,800 level a critical line in the sand, so to speak, for the current bullish structure. If Bitcoin remains above this threshold, short-term holders will remain close to breakeven, reducing the likelihood of widespread panic selling. However, if Bitcoin bulls lose this support zone, many new market entrants will fall into loss territory, increasing the potential for a heightened selling pressure. In such a bearish scenario, market participants would likely turn their attention toward the $93,400 support area, where the 3–6 month cost basis resides. This level could provide the next significant cushion, given that investors in this cohort are sitting on healthier profits and are likely to display stronger holding conviction. However, it’s worth stating that the situation is not outright bearish. A decisive recovery above $112,600–$116,400, representing the cost bases of 1–3 months and 1 week–1 month holders, respectively, could restore market confidence and reignite bullish momentum towards a potential return to the present market ATH. Related Reading: Bitcoin’s Next Stop $183K? On-Chain Data Points to Explosive Cycle Peak Bitcoin Price Overview At press time, Bitcoin trades at $109,400 following a 5.65% devaluation in the past month. Meanwhile, the daily trading volume is down by 27.02% and valued at $50.48 billion. With a market cap of $2.15 trillion, Bitcoin remains the largest cryptocurrency and fifth-largest global asset. Featured image from Pexels, chart from Tradingview

Bitcoin recorded a slight 1.50% price gain in the past 24 hours, with prices now hovering within the $109,000 price range, after a significant price correction from last week. While general market sentiment remains neutral, recent data from blockchain analytics firm CryptoQuant suggests the leading cryptocurrency may experience further price drops before any potential full rebound. Related Reading: Bitcoin Daily Close Spurs Caution – $110,500 Breakdown Could Shift Momentum Bitcoin Needs Deeper Losses For Strong Rebound Signal: Data In an X post on August 30, top market analyst Ali Martinez shares an important insight into a potential Bitcoin price recovery. Using data from CryptoQuant, Martinez identifies that the Bitcoin Trader Realized Profit/Loss Margin (P/L Margin) sat at-0.60% when prices traded at $111,337, indicating that the present P/L Margin is around -2.2%. Nevertheless, this P/L level stands in sharp contrast to historical capitulation thresholds. In previous cycles, Bitcoin has staged strong rebounds once the P/L margin fell to around -12%, marking heavy realized losses among short-term holders and creating the conditions for aggressive accumulation by larger entities. For example, during the market downturn of April 2025, margins collapsed beyond -12%, shortly before Bitcoin rebounded from sub-$75,000 levels to reclaim the six-figure range. A similar pattern occurred in July 2023 and October 2023, when capitulation below -12% preceded the significant levels of price rebounds. Currently, with margins hovering just around -2%, it is unlikely to see a textbook capitulation-driven rebound. This data suggests that deeper realized losses may be necessary before strong upside momentum resumes. However, this further price correction is not guaranteed. Alternatively, Bitcoin could also continue to trade sideways to gather momentum before initiating a price upswing. Related Reading: Analyst Says XRP Price Is Yet To Hit Its First Bearish Target – Details Bitcoin Market Outlook At the time of writing, Bitcoin trades at $109,528, reflecting a modest 1.50% intraday gain as earlier stated. However, the premier cryptocurrency remains under pressure, with losses of 5.51% on the weekly chart and 5.31% over the past month, signaling that many recent market entrants are holding at a loss. According to CryptoQuant’s data, Bitcoin’s realized price, which represents the average cost basis of all coins, currently stands at approximately $112,000. Historically, trading below the realized price suggests weaker investor conviction and heightened selling pressure from traders in loss, while sustained periods above it tend to coincide with bullish market phases. For market sentiment to stabilize, bulls must decisively reclaim the $112,000 realized price level. A successful breakout above this threshold could effectively halt the ongoing correction and pave the way for a rebound, with potential upside targets around $116,000. Featured image from Pexels, chart from Tradingview

The Bitcoin market remains in an intense corrective phase after prices registered a significant 6.7% price decline in the past week. The premier cryptocurrency is presently valued at around $108,000, which recent on-chain data describes as a rather volatile state. Notably, there is a need for an immediate price rebound or Bitcoin risks a further downside. Related Reading: Bitcoin’s Next Stop $183K? On-Chain Data Points to Explosive Cycle Peak Bitcoin Faces Danger Of Sliding To $100,000 Support In an X post on August 29, Julio Moreno, Head of Research at CryptoQuant, shares an important on-chain update on the Bitcoin market. Data from CryptoQuant’s Trader On-chain Realized Price Bands indicates that the leading cryptocurrency is trading at a critical juncture, with $112,000 emerging as a pivotal level to watch. For context, the Trader Realized Price, a measure of the average cost basis for short-term Bitcoin holders, currently sits at $112,200. Historically, this metric has acted as a key pivot in determining whether traders are in aggregate profit or loss. A sustained price move above this particular level tends to reinforce bullish momentum, while prolonged trading below it signals potential downside pressure. As earlier stated, Bitcoin is currently consolidating below this unrealized price band, suggesting a deeper room for price correction. Therefore, Julio Moreno warns that unless BTC swiftly moves back above $112,000, selling pressure could intensify, driving the asset toward its lower realized band at around $100,000, i.e., a possible 7.91% fall from present market prices. It is worth noting that the trader on-chain realized bands, which also extend to upper and lower boundaries, paint a broader picture of possible volatility. The upper range sits near $157,000, highlighting long-term upside potential if momentum returns. On the other hand, the lower realized support near $70,700 represents the most extreme bearish case. However, present market fundamentals make such only likely following a major macro development, regulatory shock, or the expected return of the bear market. Related Reading: Bitcoin Eyes $150,000 As Binance Illiquid Supply Hits Record Highs Bitcoin Price Overview At press time, Bitcoin is trading at $107,960, reflecting a 3.45% decline in the past 24 hours. Meanwhile, market activity remains on the rise, with daily trading volume climbing 28.77% to $78.02 billion, suggesting that selling pressure may still be a dominant force. In other developments, analyst Moreno has also highlighted a concerning trend in sentiment, noting that the Bitcoin Bull Index has dropped to 20 and held this level for four consecutive days. This zone is typically associated with an extreme bearish phase, indicating that investor confidence presently remains fragile. Featured image from Pexels, chart from Tradingview

Bitcoin remains under pressure after sliding from its all-time high above $124,000 earlier this month. At the time of writing, the asset trades at $110,219, reflecting a weekly decline of about 2% and a broader drop of more than 10% from its peak. Despite the correction, analysts continue to examine on-chain data for signs of the market’s next direction. Among the latest insights, CryptoQuant contributor CryptoOnchain highlighted the significance of the MVRV (Market Value to Realized Value) Price Bands, a long-observed metric used to assess market cycles. According to the analyst, Bitcoin’s current positioning above key support bands suggests the uptrend remains intact, but with room for both continued growth and potential volatility. Related Reading: JPMorgan Says Bitcoin Is ‘Undervalued’—But By How Much? MVRV Price Bands Point to Potential Cycle Top The MVRV Price Bands model has historically been used to identify both bottoms and tops in Bitcoin’s long-term cycles. CryptoOnchain noted that the model’s lower band, often referred to as the “floor price,” reliably marked market lows in 2018 and 2022, while the upper band highlighted cycle peaks such as 2017 and 2021. Currently, Bitcoin’s trading price is positioned well above the model’s floor price of around $52,300 and its median support level of approximately $91,600. This indicates what the analyst referred to as a “healthy uptrend” with persistent activity from long-term holders. Importantly, the model’s projected ceiling price suggests that Bitcoin could reach as high as $183,000 by August 2025, assuming historical trends remain consistent. The analyst emphasized that while the ceiling level offers a potential target, traders should monitor the mid-price band for signs of weakening momentum. A decisive move below this level could indicate a shift in trend, raising the possibility of deeper corrections even within a bullish cycle. Bitcoin Cost Basis Trends Reflect Market Behavior A separate analysis by CryptoQuant contributor BorisD provided additional context by examining the cost basis of Bitcoin investors on Binance. Data shows that the average deposit address cost basis on Binance has risen from $44,000 earlier this year to $62,000. This suggests that investors are actively accumulating at higher price zones, particularly around Bitcoin’s recent peaks. New whale investors, defined as large-scale buyers with significant holdings, currently hold an average cost basis of $108,000, which is emerging as a key support level. According to BorisD, this level could serve as the foundation for the next leg of upward momentum if demand persists. At the same time, miner-linked wallets showed a slight reduction in their average cost basis from $58,000 to $54,000, hinting at modest selling pressure from mining operations. Related Reading: Bitcoin And The September Curse: Can This Time Be Different? Long-term holders, meanwhile, remain well positioned, with a cost basis near $40,000. This region has historically been considered a strong accumulation zone, providing resilience during broader market corrections. BorisD pointed out that cost basis levels often track closely with price behavior and can act as both support and resistance during volatile swings. Featured image created with DALL-E, Chart from TradingView

TRON (TRX) has been experiencing muted performance in recent weeks, trading at $0.3389 at the time of writing. This represents a 21.4% decline from its all-time high of $0.4313, recorded late last year. Despite relatively stable price levels in recent days, the lack of upward momentum suggests investors might be carefully watching for a catalyst that could determine the token’s next major move. Amid this market setting, analysts are closely tracking TRON’s on-chain data. One key observation comes from CryptoQuant contributor CryptoOnchain, who examined network activity and resistance levels. According to the analyst, TRX is currently testing its historical resistance zone, a level that could prove decisive in whether the asset pushes toward higher targets or risks another setback. Related Reading: Extreme Greed Grips TRON: Could a Market Pullback Be Next? TRON Network Activity and Potential Breakout CryptoOnchain noted that TRON’s network activity is at record levels, with daily active addresses (DAA) surpassing 2.6 million, the highest figure in its history. This surge in user activity reflects strong underlying demand for the network, even while TRX’s price has struggled to break higher. Historically, such growth in addresses has acted as a fundamental driver for price strength, signaling that demand for TRON’s blockchain services remains resilient. The analyst highlighted that TRX sits just below its historical resistance. If the token were to close above its all-time high and sustain that level, the breakout target could range between $0.48 and $0.52, aligning with TRON’s On-Chain Value Bands metric. However, CryptoOnchain cautioned that this scenario depends heavily on TRON maintaining its active address momentum. A decline in DAA could undermine the bullish setup, exposing TRX to downside risk. The outlook also ties into broader market conditions. The CryptoQuant analyst believes that a potential altseason, a period of significant gains across altcoins, could provide the momentum needed for TRX to achieve a breakout. In this context, continued high network demand and user activity would support further price appreciation. Whale Activity and Stablecoin Dynamics In a separate analysis, CryptoQuant contributor Amr Taha examined stablecoin flows on the TRON network, particularly the activity of large wallets. Data showed that in the past 24 hours, wallets holding over $100 million in USDT dominated TRON’s transaction volume, coinciding with Bitcoin regaining momentum above the $110,000 level. This concentration of large transfers is significant because it often precedes shifts in broader crypto market sentiment. A notable example occurred on August 12, when $100M+ wallets moved approximately $3.9 billion in USDT across the TRON network. That wave of transfers directly coincided with a 5% rally in Bitcoin, highlighting the role of stablecoin liquidity in driving market cycles. Related Reading: TRON Spot Market Signals Relief – Seller Dominance Weakens After Cycle High Taha added that the distribution of daily USDT wallet changes reinforces this trend. Wallets with balances above $100M accounted for nearly 35–36% of total daily activity, a level nearly identical to August’s inflows. Such concentrated whale activity suggests that stablecoin flows on TRON remain a leading indicator for market positioning and potential capital rotations into risk assets like TRX and Bitcoin. Featured image created with DALL-E, Chart from TradingView

TRON (TRX) has been showing signs of slowing momentum after its climb near previous highs. The token is currently priced at $0.3486, reflecting a 19.2% decline from its all-time high of $0.4313 recorded late last year. Over the past week, the market has seen limited upward movement, with TRX trading in a narrow range, suggesting muted buying pressure. On-chain analysts are closely watching TRON’s market dynamics as it approaches a potential inflection point. According to data shared on CryptoQuant’s QuickTake platform, TRX is exhibiting conditions that mirror earlier phases in its history where heightened optimism preceded corrections. The combination of rising sentiment indicators and technical positioning has sparked debate on whether TRX is preparing for a breakout or facing increased risk of retracement. Related Reading: TRON Defies the Market: Outpaces Ethereum, XRP, and Solana in BTC Pair Performance Market Conditions and On-Chain Metrics CryptoQuant contributor CryptoOnchain explained that TRX is at the edge of a critical zone, with “Extreme Greed” sentiment levels dominating investor behavior. Historically, such phases have led to either price discovery above resistance or sharp pullbacks when momentum fails to sustain. The analyst noted that the gap between TRX’s spot price and its realized price has widened, indicating substantial unrealized gains in the market. This divergence often increases incentives for holders to secure profits, adding to potential selling pressure. The on-chain data further highlights that TRX is approaching its upper value band, an area typically associated with overbought conditions. CryptoOnchain noted: TRX is at a critical juncture: a breakout above the all-time high could lead to further upside, but there is also a real risk of a correction. Traders should proceed with caution. To mitigate risks, strategies such as trailing stop-losses and partial profit-taking were recommended, especially given the heightened levels of speculative optimism. Stablecoin Dominance on the TRON Network While price performance has drawn attention, another significant factor shaping TRON’s trajectory is its growing role in stablecoin settlements. CryptoQuant analyst Burak Kesmeci recently emphasized that stablecoin transfers heavily dominate TRON’s ecosystem in 2025. Data shows: USDT: over 383 million transfers. Wrapped TRX (WTRX): 3 million. PayNet Coin: 1.88 million. USDD: 585,000. This activity shows TRON’s positioning as the leading blockchain for USDT transactions, benefitting from its relatively low fees and high throughput. The passage of the US Genius Act, which reinforced the role of certain blockchains in stablecoin settlements, further boosted TRON’s relevance in global payment flows. The analyst argues that while speculative trading around TRX’s price dominates headlines, its utility-driven demand in stablecoin transfers provides a strong foundation for long-term resilience. Related Reading: TRON Spot Market Signals Relief – Seller Dominance Weakens After Cycle High With over 90% of its transaction activity tied to USDT, TRON’s role as an infrastructure layer for digital dollar settlements remains one of its key strengths. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s price remains under pressure after retreating from its record high above $124,000 earlier this month. At the time of writing, BTC is trading at $113,146, reflecting a decline of 8.7% from its recent peak, though it has recorded a modest 1.8% daily increase. The movement highlights ongoing volatility, as investors weigh both on-chain metrics and broader market sentiment to determine whether the bull cycle can regain strength. Analysts have pointed to a shift in behavior among large traders, particularly on Binance, the world’s largest exchange by volume. According to Arab Chain, a contributor to CryptoQuant’s QuickTake platform, the activity of whales, investors with large holdings, has played a significant role in recent corrections. His analysis of August trading activity suggests that weakened momentum and renewed selling pressure may explain the inability of Bitcoin to sustain its highs. Related Reading: Bitcoin And The September Curse: Can This Time Be Different? Whale Activity on Binance Signals Weakening Momentum Arab Chain noted that throughout July, Bitcoin fluctuated between $118,000 and $122,000 in what he described as a “trendless” market, with low volatility and limited directional moves. During this period, inactive deltas, which measure the circulation of older coins, declined, suggesting whales had paused selling or temporarily exited the market. However, by mid-August, the trend reversed as inactive deltas surged, signaling that long-held coins were again being moved and potentially sold. This activity coincided with Bitcoin’s drop below $112,000, with the Delta indicator remaining near zero, an absence of clear buying pressure. Arab Chain explained that the lack of demand amid increased coin circulation typically results in corrections. “Large investors are selling again without a strong wave of new buyers emerging to balance the effect. This isn’t the end of the bullish cycle, but the momentum is starting to lose steam,” he said. He added that future price movements may depend on whether new catalysts, such as macroeconomic developments or institutional inflows, can reignite demand. Bitcoin Exchange Data Highlights Mixed Sentiment Another CryptoQuant analyst, TraderOasis, examined several metrics to provide further context. He observed that the Coinbase Premium Index, which compares trading activity between US exchanges and global platforms, showed accumulation even as prices fell. This suggests some investors, possibly institutions, were buying during the dip. However, he flagged caution given that the funding rate remained positive, a sign that traders were still leaning bullish even as prices declined, raising concerns about the risk of a liquidity reset. TraderOasis also pointed to open interest, or the number of outstanding derivatives contracts, as a key factor. He argued that open interest often acts as support or resistance relative to spot price. Currently, open interest sits above the market price, which could act as resistance unless broken. “If this level is broken, the price will continue to rise,” he noted. Together, these insights reveal a complex backdrop. While long-term adoption metrics and institutional buying remain supportive, short-term dynamics show cautious sentiment and potential for volatility. With whales selling, stablecoin inflows rising, and derivatives markets heating up, Bitcoin’s next move will likely depend on whether demand can reassert itself strongly enough to offset recent profit-taking. Featured image created with DALL-E, Chart from TradingView

CryptoQuant’s Bitcoin Bull Score Index has dropped to a value of 20, hinting that a potential bearish transition could have occurred for the asset. Bitcoin Bull Score Index Is Now In “Extra Bearish” Territory In a new post on X, CryptoQuant community analyst Maartunn has shared how the analytics firm’s “Bull Score Index” has changed for Bitcoin after its recent price drawdown. The Bull Score Index is an indicator that tells us about the market phase the cryptocurrency is currently going through. It determines this by referring to a bunch of key on-chain metrics. Related Reading: Bitcoin & Ethereum Whale Populations Quietly Growing, On-Chain Data Reveals Below is a chart that shows the trend in the indicator over the past year. As is visible in the graph, Bitcoin entered into the “bullish cooldown” phase at the start of August. This signal interestingly persisted even when its price set a new all-time high (ATH) later in the month, a potential sign that the breakout was always gonna be short-lived. In the market downturn that has followed this peak, the Bull Score Index first dipped into the “getting bearish” zone, and now, it has plunged right into “extra bearish” levels. “This is something to take serious,” notes Maartunn. Here is another chart, this one breaking down the individual signals contributing to the Bull Score Index’s value: As displayed in the graph, almost all of the indicators are giving a bearish signal at the moment. Perhaps the most popular metric on the list is the “Market Value to Realized Value (MVRV) Z-Score,” which relates to investor profitability. It would appear the current market conditions are bad enough to force it to turn red. Last time the MVRV Z-Score and Bull Score Index turned bearish was back in February of this year. What followed the signal was an extended phase of negative price action for Bitcoin. Given that the Bull Score Index is once again giving an extra bearish indication for the cryptocurrency, it remains to be seen whether its price will now see another transition. Related Reading: Bitcoin Selloff: $2.2 Billion In BTC Floods Exchanges Replying to Maartunn’s post, analyst Ali Martinez has agreed with the caution and shared another signal that could point to a similar outcome for Bitcoin. The indicator cited by Martinez is the net position change of the 90-day exponential moving average (EMA) Bitcoin Supply In Profit. From the chart, it’s apparent that the metric has turned negative recently, which is something that also happened before the bearish market phase earlier in the year. BTC Price While on-chain metrics may be pointing at a bearish conclusion for Bitcoin, its price has made a recovery to $113,000 for now. Featured image from Dall-E, Glassnode.com, CryptoQuant.com, chart from TradingView.com

Bitcoin continues to face challenges sustaining its momentum after retreating from its recent all-time high above $124,000. At the time of writing, the asset trades around $111,090, reflecting a 10.5% decline from its peak and a 4.2% drop over the past week. The pullback highlights growing uncertainty among traders as buying pressure weakens, even while some on-chain indicators suggest potential accumulation. One such signal comes from Binance, the world’s largest cryptocurrency exchange by trading volume. Analyst Crazzyblockk, a contributor to CryptoQuant’s QuickTake platform, examined a metric called the Binance Buying Power Ratio. According to the analyst, this ratio, measuring the inflow of stablecoins relative to Bitcoin outflows from Binance, has recently climbed sharply, moving into positive territory. The implication is that traders are sending stablecoins into the exchange (potential buying power) while withdrawing Bitcoin, likely for long-term storage. Related Reading: Bitcoin Keeps Slipping Down: Is $107,000 The Next Support? Binance Buying Power Ratio Signals Accumulation Crazzyblockk explained that this pattern points to a buildup of liquidity while simultaneously reducing the Bitcoin supply available for sale on Binance. In his words: Stablecoins in, BTC out. This combination of accumulating ‘dry powder’ and securing assets off-exchange is a classic sign of a market preparing for a bullish move. The surge in buying power ratio coincides with Bitcoin’s current consolidation phase, suggesting that some traders may be preparing for a rebound. Historically, an increase in stablecoin inflows has often preceded heightened trading activity, with many market participants using these reserves to enter positions once favorable conditions emerge. At the same time, large Bitcoin outflows from exchanges can reflect a broader trend of long-term holding behavior. Investors who transfer coins to private or institutional-grade wallets often intend to store them securely, limiting immediate selling pressure. If sustained, this dual trend of stablecoin accumulation and Bitcoin withdrawals could support the market by reducing available supply and preparing liquidity for upward moves. Bitcoin Short-Term Holders Show Signs of Weakness While Binance metrics suggest optimism, another CryptoQuant analyst, Darkfost, highlighted a more cautious indicator: the Spent Output Profit Ratio (SOPR) for short-term holders (STHs). This metric measures whether coins moved on-chain are being sold at a profit or loss. Darkfost noted that the STH SOPR has now fallen below 1, with its monthly average sitting at the neutral point. In practical terms, this means that many recent buyers are no longer selling at a profit, and some are even taking losses. He wrote: Historically, when STH SOPR reaches this level, two scenarios are common. Either the market rebounds quickly, or short-term holders panic, leading to further losses. During this cycle, the second scenario has often played out—though these periods have consistently created opportunities for medium- to long-term investors. The comparison to late 2021, when Bitcoin last peaked at $69,000 before entering a prolonged correction, shows the weight of this signal. A persistent decline in SOPR could indicate rising pressure from traders seeking to exit, even as long-term holders demonstrate greater conviction. Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) continues to show signs of weakness after recently setting a new all-time high earlier this month. As of today, the cryptocurrency is trading at $110,595, reflecting a 4.2% decline over the past week and an 11% drop from its peak of $124,000. The correction highlights an ongoing struggle for momentum even as broader market conditions remain uncertain. This decline has drawn the attention of analysts examining key on-chain and trading metrics. One such measure is the Taker Buy Sell Ratio, which is signaling reduced confidence among traders. According to data from CryptoQuant, this ratio has fallen to levels not seen since late 2021, raising questions about whether Bitcoin’s recent highs can be sustained without stronger demand. Related Reading: Bitcoin Correction Risks Deepen With $105,000 As Critical Support Bitcoin Taker Buy Sell Ratio Suggests Shift in Market Dynamics CryptoQuant contributor Gaah explained that the 30-day moving average of Bitcoin’s Taker Buy Sell Ratio has dropped to its lowest level since November 2021, a period that coincided with the peak of the previous cycle near $69,000 before a prolonged downturn. The ratio tracks the balance between aggressive buy and sell orders at market prices. A value above 1 reflects stronger buying pressure, while a reading below 1 indicates more active selling. Currently, the ratio sits below its historical average, suggesting that selling activity has consistently outpaced buying in recent weeks. This is notable because it follows closely on the heels of Bitcoin establishing new highs, revealing a divergence between price performance and trader sentiment. Gaah argued that such behavior often signals caution among investors who may be locking in profits or reducing exposure to manage risk. “The similarity to November 2021 should not be overlooked,” the analyst noted. “Even as Bitcoin pushed higher at that time, underlying market sentiment was deteriorating, which eventually preceded a sharp correction.” The current data, Gaah added, indicates that although Bitcoin remains in a broader bullish phase, the imbalance between buyers and sellers could introduce heightened volatility in the weeks ahead. Analyst Sees Mixed Signals in Technical Structure Beyond on-chain metrics, technical analysts are also weighing in on Bitcoin’s current price structure. A market analyst known as Crypto Nova suggested that despite recent weakness, the overall uptrend remains intact. In a post on X, the analyst highlighted that Bitcoin has been forming higher lows since its recovery began from a low of nearly $15,000 in late 2022, thereby maintaining a long-term bullish pattern. Nova pointed to the $50,000–$70,000 range from earlier in the cycle as an example of a level many believed to mark the top, but which ultimately gave way to further gains. Related Reading: Bitcoin Dives As On-Chain Data Shows Every Cohort Now Selling The analyst noted that the same uncertainty applies to today’s market, where corrections do not necessarily confirm a cycle peak. “At the very least, BTC should see a bounce from current levels,” Nova said, while also acknowledging that resistance remains strong at higher price zones. Bounce time for Bitcoin? At the very least BTC should bounce here as it’s reaching the zones earlier highlighted. Zooming in there is some small lower high structure that price will test (dotted lines) but it will more than likely… https://t.co/Be3FKYnRIY pic.twitter.com/XmrCDS9ldQ — Crypto Nova (@CryptoGirlNova) August 26, 2025 The combination of weakening taker ratios and cautious technical outlooks suggests that Bitcoin’s trajectory may be entering a decisive phase. If selling pressure persists, the asset could face deeper corrections, but sustained support near $110,000 may also provide the base for renewed momentum. Featured image created with DALL-E, Chart from TradingView

Ethereum has achieved a new milestone by surpassing its previous all-time high set in 2021, climbing above $4,900 before a slight correction. At the time of writing, ETH trades around $4,655, representing an 8.2% gain over the past week. This rally comes after three years of consolidation below its former peak, marking a significant moment for the second-largest cryptocurrency by market capitalization. Unsurprisingly, Ethereum’s upward momentum has also shifted market sentiment, placing most ETH holders back in profit. The latest movement has been tied not only to retail activity but also to growing institutional participation. Analysts argue that this demand could be a major factor supporting Ethereum’s renewed market strength. Related Reading: Ethereum Whale Demand Surges On Binance As Price Nears $5,000 Institutional Demand and Market Positioning One of CryptoQuant’s contributors, known as Oinonen, highlighted how Ethereum is increasingly attracting institutional interest, signaling a change in the broader narrative. While Bitcoin has historically been viewed as the preferred digital asset for large investors, Ethereum’s use in decentralized finance (DeFi) and the recent inflows into spot ETH exchange-traded funds (ETFs) are shifting perceptions. “Ethereum is now emerging as a challenger to Bitcoin’s institutional dominance,” Oinonen wrote. As an example, he pointed to Tom Lee’s Bitmine Immersion Technologies, which acquired $6 billion worth of ETH in just two months. This alone boosted Ethereum’s market capitalization from $300 billion to $557 billion. For context, MicroStrategy, led by Michael Saylor, accumulated about $3 billion worth of Bitcoin over the same period, highlighting how significant ETH’s recent accumulation has become. This surge in institutional demand also aligns with Ethereum’s technical breakout. The price action suggests not only speculative buying but also structural changes in how the asset is being integrated into professional portfolios. With ETFs now approved and trading on national platforms in multiple regions, the shift is viewed as an important milestone for Ethereum’s role in global markets. Ethereum Short Squeeze and Volatility Outlook Another factor driving ETH’s price action is the unwinding of short positions on Binance. Oinonen noted that Ethereum has long been a favored asset for traders betting on declines. The unexpected breakout to new highs, however, triggered what he described as a “short squeeze,” forcing bearish traders to buy back ETH to cover their losses. This buying pressure amplified upward momentum and contributed to the rapid move toward $4,900. “The market is entering what could be called a ‘short squeeze season,’” the analyst explained, adding that Ethereum’s persistent rally may continue to pressure short sellers. While this scenario supports near-term gains, it also introduces the possibility of heightened volatility as positions are unwound. Looking ahead, Oinonen expects both Ethereum and Bitcoin to push toward further highs in the coming months, though he cautioned that a market correction could emerge between late 2025 and early 2026. The interplay between institutional demand, ETF inflows, and derivatives market dynamics is likely to define Ethereum’s trajectory during this period. Featured image created with DALL-E, Chart from TradingView

Prominent analytics firm Glassnode has shared new on-chain insights into the Bitcoin market, pointing to the next major support zone amid a euphoric market mood on Friday. The world’s leading cryptocurrency briefly surged to above $117,000 after comments from US Federal Reserve Chairman Jerome Powell signaled a possible shift away from the central bank’s long-standing hawkish stance. Related Reading: When Will Bitcoin Bottom Out? This Could Be The Signal To Watch Bitcoin’s Crucial Defense Level At $104,000–$108,000: Data In an X post on August 22, Glassnode explains that Bitcoin’s UTXO Realized Price Distribution (URPD) suggests the $104,000–$108,000 range has emerged as a critical support zone, backed by significant investor activity. Notably, more than 1.15 million BTC were accumulated within this price band over the past year, creating a dense cluster of realized prices that may act as a strong floor for the market. For context, the URPD model tracks the distribution of Bitcoin’s supply across different price levels, effectively highlighting where coins last changed hands. Heavy accumulation within a narrow range often translates into robust support, as holders who bought at those levels are less likely to sell at a loss. Currently, Bitcoin is trading near $116,000 after a slight retracement following the price rebound on Friday.  In the event of a further correction, prices are likely to retest the $104,000–$108,000 range, which currently holds the largest cluster of realized prices below the present spot market price, underscoring the importance of this support zone in the short-term outlook. Related Reading: Crypto Strategist Sounds The Alarm: Bitcoin Surge Could Clash With Fed Reserve Goals Powell’s Policy Shift Drives $300 Million To Bitcoin Futures Market In other developments, CryptoQuant analyst Darkfost reported a sharp surge in Bitcoin derivatives activity after Federal Reserve Chairman Jerome Powell hinted at a potential shift in monetary policy during his speech at the Jackson Hole Economic Symposium in Wyoming. Powell suggested that the Fed may be preparing to adjust its stance, citing the economy’s baseline outlook and evolving risk dynamics. The Fed Chair said: Our policy rate is now 100 basis points closer to neutral than it was a year ago, and the stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance. Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance. Within 15 minutes of this speech, Darkfost noted that nearly $300 million flowed into Bitcoin futures products, pushing Binance’s BTC Open Interest to about $13.3 billion. The spike reflects investors’ positioning for potential interest rate cuts at the upcoming FOMC meeting in September after Powell’s hint of potential easing of the Fed’s monetary policy. At press time, Bitcoin trades at $115,850, reflecting a price gain of 2.25% in the past 24 hours despite recent gains. Featured image from iStock, chart from Tradingview

Ethereum’s price has maintained notable strength in recent weeks, giving many investors reason for cautious optimism. The asset briefly traded near $4,700 last week, close to its all-time high of $4,878 recorded in 2021, before correcting to its current level around $4,633. Despite this pullback, Ethereum is still up nearly 30% over the past month, according to CoinGecko data, putting a majority of holders back into profit. Alongside these price developments, analysts continue to monitor exchange data for signs of broader market sentiment. One such analysis comes from PelinayPA, a contributor on CryptoQuant’s QuickTake platform, who examined Ethereum’s netflow patterns on exchanges. This indicator measures whether more ETH is moving onto exchanges (inflows) or off of them (outflows), providing insight into potential selling pressure or long-term accumulation behavior. Related Reading: Altseason Things: Ethereum Perps Volume Sets New Record Against Bitcoin Exchange Netflow Data Points to Reduced Selling Pressure According to PelinayPA, the current netflow picture suggests that Ethereum investors are largely removing coins from exchanges. Historical data indicate that significant inflows, accompanied by substantial amounts of ETH being transferred to trading platforms, often precede price corrections as investors prepare to sell. Conversely, notable outflows have historically appeared before bull market surges, reflecting confidence in holding or long-term storage. “In past cycles, strong exchange outflows occurred just before major uptrends in 2017, 2021, and again in 2024,” PelinayPA explained, adding: What we’re seeing now is consistent negative netflow, meaning ETH is leaving exchanges. This generally reduces immediate selling pressure and supports the case for ongoing bullish momentum. The analyst noted that while inflows can still trigger short-term pullbacks, the current outflow-dominant environment suggests that Ethereum retains significant upside potential in the medium to long term. The price action aligning with these signals reflects a market where participants are more inclined toward accumulation than distribution. Ethereum Institutional Demand and Technical Outlook Ethereum’s strong performance is also being interpreted through a technical lens. Several traders have pointed out that ETH has broken out against Bitcoin after years of relative underperformance. A crypto analyst known as CryptoBatman on X highlighted the significance of this trend, arguing that Ethereum’s rally could be entering a new phase of market recognition. Related Reading: Whale Loads Up $300M Ethereum Onchain: Did He Just Catch The Bottom? “ETH has finally broken out against BTC,” he wrote, noting that this development shows Ethereum’s potential to gain further traction in the broader crypto market. After years of downtrend, $ETH has finally broken out against $BTC It’s actually crazy to think about the upside potential this market holds, as Ethereum’s recent rally is already insane. But in reality, we’re only just getting started. pic.twitter.com/ZNbkhHudjZ — BATMAN ⚡ (@CryptosBatman) August 22, 2025 In addition, institutional indicators are beginning to align with this narrative. Investment funds and exchange-traded products tied to Ethereum have seen steady growth in holdings, with large investors maintaining exposure even during periods of volatility. Featured iameg created with DALL-E, Chart from TradingView

Bitcoin continues to trade below its recent highs, extending a pullback that began after reaching a record level above $124,000 last week. As of today, the cryptocurrency is priced around $115,347, reflecting a 7.7% drop from its peak and a 3% decline over the past week. The downturn highlights a loss of momentum, with market data suggesting reduced demand from buyers on major exchanges. According to recent analysis shared on CryptoQuant’s QuickTake platform, the decline is closely tied to shifting activity on Binance, the world’s largest crypto exchange by volume. The analyst, known by the pseudonym Arab Chain, explained that Bitcoin’s downward trajectory this month corresponds with fading buying pressure on Binance. The pattern indicates that sellers have been able to exert more control in recent sessions, with spot market data showing a liquidity exit from buyers. Related Reading: This Bitcoin Volume Signal Nailed The Top & Bottom: Analytics Firm Bitcoin Exchange Data Highlights Reduced Demand Arab Chain’s analysis noted that between early August and August 22, Bitcoin slipped from levels above $123,000 to near $113,000. During the first half of the month, strong waves of buyer activity supported upward price moves. However, as the month progressed, indicators such as Binance’s Volume Delta shifted negative, reflecting a reversal in the balance between buyers and sellers. At one point, net outflows from buyers reached levels close to -$600 million, suggesting that sellers were absorbing liquidity without enough counter-pressure. The analyst emphasized that Binance data carries weight given the platform’s depth and liquidity. A decline in buying activity despite stable overall volume points to a cautious stance from large traders and institutions. Some of the selling may be linked to profit-taking at resistance zones near $120,000, while the lack of strong follow-through buying reduced the likelihood of sustaining higher prices. This pattern reflects how spot market demand remains critical for price stability at elevated levels. Miner Behavior Points to Accumulation Shift In addition to exchange data, unusual activity between miners and Binance has drawn attention. Arab Chain also highlighted an increase in transfers from Binance to miner-linked wallets, a reversal of the more common pattern of miners sending Bitcoin to exchanges for sale. Past episodes of such flows, averaging more than 10 BTC per transaction, preceded rebounds in the market earlier this year. This may suggest that miners are holding back supply or preparing reserves in anticipation of future price strength. The implications of these transfers depend on interpretation. If miners are moving Bitcoin to cold storage, it indicates reduced short-term selling pressure and could support the market by lowering available supply. Related Reading: Why August Could Be Remembered As A Major Trap For Bitcoin And Crypto Market On the other hand, if the transfers represent profit redistribution or eventual liquidation through other channels, the effect may be neutral or even negative. Still, the data points to a strategic shift in miner behavior, adding another layer of complexity to the current correction phase. Featured image created with DALL-E, Chart from TradingView

Reports from CryptoQuant suggest that large holders are moving aggressively while smaller players are bailing out. Related Reading: Bitcoin’s Next Stop For 2025? $175,000, According To SOL Strategies Boss Over the past week, wallets linked to key Bitcoin participants grabbed more than 16,000 BTC during a price decline. At the same time, retail investors have been selling into weakness, taking losses and widening the gap between whales and small traders. Analysts see this as a possible clue that the market could be forming a local bottom. Seasonal Pressure And Fed Expectations The timing of these moves adds more complexity. September is rarely kind to markets. Data over the last 35 years shows the S&P 500 slipping an average of 1% during this month, and Bitcoin has often mirrored that seasonal drag. Now, throw in a Federal Reserve meeting on September 15-16, where traders assign an 80% chance to a 0.25% rate cut, and you have a cocktail of uncertainty. For some, a cut signals potential relief for risk assets. For others, the historic pattern overshadows any short-term optimism. Either way, volatility seems unavoidable. BlackRock Transfer Triggers Fear Of Selling Amid this macro backdrop, a single transaction set off alarms. BlackRock shifted over 10,584 BTC—valued close to $1.20 billion—to Coinbase in one day. That kind of move rarely goes unnoticed. Transfers to exchanges often imply a readiness to sell, and the market responded immediately. Bitcoin slid to a little over $112,000, a level that previously acted as the launchpad for the rally that pushed prices to the all-time high of $124,000 this August. Traders are now watching that number like hawks, questioning if it can act as a safety net once more. Technical signals, however, don’t tell a unified story. The relative strength index sits at 32.90, scraping the oversold zone, which can sometimes hint at an exhausted sell-off. But the MACD is still weak, with its line staying under the signal mark, suggesting negative momentum. This split in indicators keeps traders guessing whether the next big move will be up or down. Related Reading: Panic Or Profit? Analyst Says XRP Below $3 Is A ‘Massive Blessing’ Crypto Market At A Crossroads If $112,000 holds, a rebound is on the table. Break it, and the downside could accelerate, especially if institutions start unloading more Bitcoin. Add whale accumulation, seasonal weakness, and a looming Fed decision, and the short-term outlook looks less like a straight line and more like a curve with surprises waiting around the bend. For now, the battle is clear. It’s between confidence and fear, and the outcome may depend on what happens before this month closes. Featured image from Unsplash, chart from TradingView

Binance’s native token BNB reached a new milestone today, setting an all-time high of $881 before correcting slightly to $849 at the time of writing. Despite broader market consolidation in recent days, BNB’s performance marked a 2.6% increase in the past 24 hours. The development has drawn notable attention from traders and analysts, many of whom are now evaluating whether the momentum is sustainable. CryptoQuant analyst CryptoOnchain shared insights on the rally, pointing to both technical signals and on-chain data as key factors behind the altcoin’s latest upward movement. According to his analysis, the decisive breakout above the $800–$810 resistance zone has turned that range into an important support level. He noted that maintaining this threshold could sustain bullish sentiment, with the $900 level emerging as the next psychological target. Related Reading: BNB Price Coiling for Breakout—Next Leg Higher in Sight Technical and On-Chain Analysis of BNB On the technical side, the altcoin’s entry into “price discovery” mode has raised questions about the sustainability of its rally. CryptoOnchain explained that breaking above historical resistance levels typically attracts new inflows and strengthens confidence in long-term holding. From an on-chain perspective, the analyst highlighted “Rolling Percentage Gains” across multiple timeframes. The data suggests that all major holder cohorts, from short-term to long-term investors, are currently in profit. This reduces potential sell pressure as investors are less motivated to exit positions. At the same time, accelerating short-term gains reflect fresh demand, while one-year rolling gains indicate that the rally is not merely speculative but backed by sustained accumulation. According to CryptoOnchain, the combination of these factors presents a case for continued strength as long as the altcoin holds above the $800 support zone. “The technical breakout is supported by confident, profitable holders,” he wrote. “As long as BNB holds the crucial $800 support level, the outlook for testing higher targets remains highly favorable.” Analysts See Potential for $1,000 Beyond technical and on-chain metrics, independent market observers are also weighing in on the altcoin’s trajectory. A crypto analyst known as BitBull on X noted that BNB’s new all-time high coincides with a structural shift in its price action. The token’s long-standing resistance has now flipped into support, creating what he described as conditions for further growth. “$BNB hit a new ATH of $880 today. It has now flipped its multi-year resistance level into support. With public-listed companies bidding BNB, $1K BNB is just a matter of time,” BitBull commented. Related Reading: BNB Tracks Bitcoin’s Playbook, Eyes Breakout Toward $1,200 BNB’s rise comes amid an evolving market for exchange tokens. While some have struggled to maintain relevance, BNB has consistently grown in utility, supported by Binance’s ecosystem, which includes trading fee discounts, token launches, and blockchain infrastructure through the BNB Chain. This dynamic has helped position the token as one of the top five cryptocurrencies by market capitalization. Featured image created with DALL-E, Chart from TradingView

Bitcoin continues to retrace from its record highs, with the asset trading below $115,000 at the time of writing. Current price levels place Bitcoin near $113,098, a decline of around 6.5% over the past week and close to 9% below its all-time peak. Despite the downturn, analysts monitoring on-chain data suggest the broader market cycle may still have room to extend upward. One such view comes from CryptoQuant’s QuickTake contributor, PelinayPA, who analyzed Bitcoin’s market value to realized value (MVRV) ratio. The analyst noted that while recent corrections may weigh on short-term sentiment, historical patterns in MVRV indicate that Bitcoin has not yet reached conditions typically associated with market cycle tops. Related Reading: Is The Bitcoin Treasury Bubble Popping? Expert Answers Bitcoin MVRV Ratio Points to Neutral but Upward Potential The MVRV ratio is a widely tracked on-chain indicator that compares Bitcoin’s total market capitalization with its realized capitalization, which reflects the aggregated value of coins at the price they last moved on-chain. Historically, when the ratio climbs into the 3.5 to 4 range, it signals a potential overheating of the market. At these levels, most holders are in profit, selling activity rises, and price tops are often reached. Conversely, MVRV levels below 1 have historically marked accumulation phases and strong long-term entry points. Currently, Bitcoin’s MVRV ratio stands around 2.1. According to PelinayPA, this reading positions the market within a “neutral to bullish” zone, suggesting that while Bitcoin is no longer cheap, the conditions for an extended rally remain intact. The analyst noted that in previous cycles, the MVRV ratio advanced significantly higher before a peak, implying that Bitcoin’s price would need to move into the $140,000–$180,000 range for the indicator to reach historical top levels. However, the data also suggests that corrections along the way are plausible. “Since MVRV is already above 2, the market is not cheap anymore — short to mid-term corrections may occur along the way,” PelinayPA explained. The balance between potential upside and intermittent drawdowns reflects a phase of consolidation within a broader bull market structure. Exchange Flows Signal Mixed Market Behavior In a separate analysis, CryptoQuant contributor BorisD examined exchange netflow data, focusing on Binance, the world’s largest crypto trading platform. The report highlighted notable trends across several altcoins, showing how capital movements may inform future market conditions. According to the data, tokens such as ENJ (Enjin) and FET (Fetch.ai) recorded significant outflows from Binance. This pattern typically indicates that investors are moving assets to private wallets, which can be interpreted as a sign of longer-term holding behavior. In contrast, assets like ANKR and MATIC have seen strong inflows onto exchanges, raising the possibility of either upcoming selling pressure or speculative positioning ahead of market shifts. Related Reading: Bitcoin Fear Is Back: Traders Flip As Price Plunges To $113,000 BorisD suggested that monitoring which assets are attracting inflows versus outflows could help investors identify potential opportunities in the altcoin market. “Identifying which of these altcoins are currently near potential bottoms and positioning for their next rally seems to be the most rational strategy,” the analyst wrote. Featured image created with DALL-E, Chart from TradingView

Bitcoin has retreated from last week’s record high above $124,000, slipping by over 8% in recent days. At the time of writing, the cryptocurrency trades around $113,867, reflecting a 6.3% decline over the past seven days. The correction has raised questions about the forces driving current market dynamics, particularly the role of large holders in shaping price momentum. On-chain data has pointed to a consistent pattern of selling activity from whales on Binance, the world’s largest exchange by trading volume. According to CryptoQuant contributor Arab Chain, these movements appear to be deliberate, with whales strategically distributing holdings near resistance levels. The data shows a series of deposits in the 100–1,000 BTC range flowing into Binance, suggesting calculated selling activity aimed at capturing profits while minimizing sharp price impacts. Related Reading: Crypto Founder Predicts The Collapse Of Bitcoin In This Timeframe Bitcoin Whale Activity and Market Distribution Arab Chain’s analysis highlights that Bitcoin’s recent dip to levels near $112,500 coincided with an increase in whale inflows to Binance. These deposits were not massive, singular transfers exceeding 10,000 BTC, but rather repeated transactions over several days, creating what the analyst described as a “coordinated distribution pattern.” This behavior aligns with historical whale strategies, selling gradually at key resistance zones, in this case between $118,000 and $120,000, rather than triggering abrupt market declines. The analyst also observed that despite these movements, the 30-day cumulative whale flow indicator has remained steady around $4.8 billion, signaling that broader accumulation trends remain intact. However, short-term pressure persists. The data shows that each rebound attempt by Bitcoin is met with additional whale deposits to exchanges, reinforcing selling momentum. If this trend continues without a significant pickup in buying activity, Arab Chain warned that Bitcoin could face further downside, potentially testing the $110,000 support zone. Broader Market Context and Institutional Positioning While whale activity has been the focus of near-term market analysis, other perspectives suggest a more layered view of Bitcoin’s position. Another CryptoQuant contributor, known as IT Tech, noted that institutional strategies such as dollar-cost averaging (DCA) via over-the-counter (OTC) desks and on-chain settlements also play a role in shaping demand. However, these flows alone do not always determine immediate price direction. Instead, IT Tech emphasized the importance of monitoring ETF inflows, spot cumulative volume delta (CVD), and exchange premiums, such as those on Coinbase, to gain a clearer understanding of market sentiment. Related Reading: Bitcoin Bullish Signal: Sharks & Whales Are Buying The Dip This mix of whale-driven selling and institutional accumulation highlights the complexity of the current market. On one hand, short-term tactical selling on exchanges like Binance creates downward pressure, while on the other, longer-term investment vehicles continue to add to Bitcoin’s demand base. The interaction of these factors will likely determine whether Bitcoin stabilizes above current levels or moves toward a deeper correction. Featured image created with DALL-E, Chart from TradingView

Ethereum (ETH) has maintained upward momentum in recent weeks, with the asset briefly touching $4,774 last week, just shy of its 2021 all-time high of over $4,800.  Although ETH has since corrected to around $4,306, the asset remains positive in terms of weekly performance, showing a 0.7% increase. This price action shows ongoing investor interest at a time when Ethereum’s relative performance against Bitcoin is attracting attention. Analysts have pointed to Ethereum’s growing strength in both spot and derivatives markets, where ETH is showing resilience against BTC. On CryptoQuant’s QuickTake platform, contributor EgyHash noted that the ETH/BTC trading pair has reached levels not seen since the beginning of the year, with spot trading volumes climbing to record highs. This shift in participation highlights Ethereum’s expanding role within the broader crypto market, particularly as institutional activity continues to increase. Related Reading: Ethereum Store-of-Value Evolution: From Utility Token To Digital Reserve Asset ETH/BTC Ratio and Market Participation According to EgyHash, Ethereum has recovered significantly after reaching a six-year low against Bitcoin earlier this year. The ETH/BTC pair now trades at 0.0368, its highest level in 2025, though still well below past cycle peaks. Notably, weekly spot trading volumes for ETH relative to BTC reached an all-time high, with Ethereum trading nearly three times the volume of Bitcoin last week. This signals an adjustment in market preference, as traders and investors increasingly allocate toward ETH. The derivatives market has also reflected this trend. Data shows that ETH/BTC perpetual futures open interest has risen to 0.71, its highest point in 14 months. This rise suggests stronger speculative positioning around Ethereum. EgyHash emphasized that such increases often signal short-term strength but also warned that Ethereum’s long-term standing against Bitcoin will depend on sustained adoption and continued investor conviction. Ethereum Institutional Demand and Policy Context Beyond spot and derivatives activity, institutional demand for Ethereum has been growing steadily. Another CryptoQuant analyst, writing under the pseudonym OnChain, highlighted that investment funds now hold approximately 6.1 million ETH. This represents a 68% increase compared to December 2024 levels and a 75% rise from April 2025. Alongside these holdings, the fund market premium for ETH has expanded significantly, climbing to a two-week average of 6.44%, far higher than during previous cycle peaks. Related Reading: Ethereum Plunges 10% After Smashing Into This Historical Barrier OnChain noted that such institutional accumulation reflects both financial and psychological market effects, with entities like BlackRock’s Ethereum ETF expanding exposure. The analyst also suggested that once staking becomes available within ETH-based ETFs, institutional flows could increase further. This development could coincide with broader US regulatory clarity, as legislation such as the proposed CLARITY Act seeks to formally classify both Bitcoin and Ethereum as digital commodities under federal law. Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) has once again slipped under the $120,000 price mark, retracing after reaching a new all-time high above $124,000 last week. As of the latest market data, BTC is trading around $115,557, down 2.5% in the past 24 hours and nearly 7% below its peak. This price movement suggests that the asset is currently consolidating after its recent rally, leaving market participants watching closely for the next directional move. Meanwhile, analysts are turning to on-chain data for signals on Bitcoin’s potential trajectory. One such perspective comes from PelinayPA, a contributor to CryptoQuant’s QuickTake platform, who examined long-term holder (LTH) behavior using a set of profit and loss metrics. The findings highlight that while profit-taking has begun, current selling levels remain below historical extremes seen in past bull market peaks. Related Reading: Bitcoin, XRP, ETH’s Pullback: Key Factors Behind The Recent Drop Tracking Long-Term Holder Signals According to PelinayPA, the LTH analysis uses several indicators to measure the relationship between Bitcoin’s price and the cost basis of long-term holders. Profit and loss bands, ranging from 150% to 1,000% above cost basis, help determine when Bitcoin enters zones historically associated with a higher risk of market tops. When BTC approaches the +500% band, it has often coincided with heightened selling activity and eventual cycle peaks. The analysis also incorporates a Spending Binary Indicator, which reflects the intensity of LTH selling, alongside “High Spending” signals that typically emerge near market tops and “Bottom Alerts” that occur during deep corrections. Reviewing past cycles, PelinayPA pointed to 2017 and 2021, where bear market downturns followed heavy long-term holder selling, while the 2022–2023 bottom was marked by multiple loss realization alerts around the $15,000–$20,000 range. Currently, Bitcoin sits within the 150%–350% profit band, leaving potential room for further growth, though the risk of a market top rises as the asset approaches the higher bands. The analyst noted that while green profit-taking bars are visible today, they remain well below the levels observed in earlier cycle peaks. Bitcoin Market Outlook: Short, Mid, and Long Term In outlining the potential scenarios, PelinayPA suggested that Bitcoin may remain range-bound in the short term, as controlled profit-taking by long-term holders limits upside momentum. However, if accumulation and broader demand continue, the price could advance into the $124,000–$178,000 range, corresponding to the higher profit thresholds on the LTH model. For the mid-term outlook, extending into late 2025, the analyst cautioned that if long-term holder selling intensifies like in 2021, Bitcoin could be nearing a cycle top. In such a scenario, the asset might peak above $150,000 before the next major correction. Looking ahead to 2026, the absence of new bottom alerts suggests that the market is still within the later stages of the ongoing bull cycle, rather than transitioning into a confirmed bear market. Featured image created with DALL-E, Chart from TradingView