Bitcoin briefly plunged to seven-week lows below $109,000, erasing all gains since the Fed chair’s Jackson Hole speech on Friday.
A sudden move by a large holder and deep-pocketed early owners are being linked to a sharp wobble in Bitcoin prices this week. Related Reading: Solana Extends Streak, Outshines Ethereum in DEX Volume – Details Old Whales Hold Deep Profit According to Willy Woo, supply is tightly held by OG (“original gangster”) whales who built big positions around 2011 when Bitcoin traded at about $10. He warned that the gap in cost basis makes a difference: it now takes roughly $110,000 of fresh capital to absorb each Bitcoin those holders choose to sell. That math, he says, helps explain why price action has been slow even as overall market interest grows. According to market observers, a single whale’s rotation from Bitcoin into Ether helped trigger a rapid sell-off that briefly knocked roughly $45 billion off Bitcoin’s market cap. Why is BTC moving up so slowly this cycle? BTC supply is concentrated around OG whales who peaked their holdings in 2011 (orange and dark orange). They bought their BTC at $10 or lower. It takes $110k+ of new capital to absorb each BTC they sell. pic.twitter.com/7CbWXsvX2l — Willy Woo (@woonomic) August 24, 2025 Flash Crash Unfolded Quickly Based on reports, Bitcoin slid from $114,500to $112,980 in nine minutes, briefly touching $112,050, CoinMarketCap data shows. Ether fell 3.8% in the same window, dropping from $4,925 to $4,680. Prices later recovered about half of those losses. Traders point to a chain of transfers that set the move off. Whale Rotations And Large Transfers Blockchain.com records show that roughly 24,000 BTC — about $2.7 billion at the time — was sent to the decentralized perpetuals platform Hyperliquid across six transfers beginning Aug. 16. Of that sum, 18,142 BTC has been sold and much of the proceeds were rotated into 416,590 ETH, an analyst known as MLM reported. A chunk of those ETH — 275,500 — was staked, worth about $1.3 billion. Strategic Positioning And Big Gains It was also reported that the whale took on large leveraged positions, longing 135,260 ETH on Hyperliquid for a total exposure near 551,861 ETH, valued at more than $2.6 billion. That set up a trade that netted around $185 million, according to the same analyst. The longs boosted ETH prices as other traders followed the flows, and when the whale began closing positions, rapid reversals led to cascading sell orders. Related Reading: Ether Soars In August—But Will September Spoil The Party? Forces At Work Reports have disclosed the whale still controls 152,874 BTC across several addresses, and those funds originally moved off an exchange about six years ago. Market watchers say there are two forces at work: long-dormant holders sitting on massive unrealized gains, and active traders using large rotations to capture short-term moves. If more of the 152,874 BTC moves to market, sellers could test demand again. On the other hand, the amount of ETH being staked points to at least some longer-term intent from big players. Featured image from Meta, chart from TradingView
Analysts say the market has moved from capital rotation to a risk-off mode under continued macro uncertainty.
Trump's removal of Cook from the Fed raises concerns about political interference, potentially impacting the central bank's independence and stability.
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Retail leverage keeps getting flushed as ETFs log billion-dollar outflows, while whales and sovereign players quietly accumulate ETH and BTC into volatility.
French chipmaker Sequans said it plans to accumulate 100,000 Bitcoin within five years in an aggressive treasury strategy.
An analyst believes Pudgy Penguins (PENGU) could be close to a big breakout based on this technical analysis (TA) pattern in its 4-hour chart. PENGU Has Potentially Been Following A Bull Flag Recently In a new post on X, analyst Ali Martinez has shared what could be next for Pudgy Penguins according to a chart pattern. The formation in question is a Bull Flag, which is a type of Flag. Flags form whenever the price of an asset experiences a period of consolidation inside a parallel channel following an initial sharp move. This starting move is known as the ‘pole,’ and the channel makes up for the ‘flag.’ Related Reading: When Will Bitcoin Bottom Out? This Could Be The Signal To Watch A Bull Flag occurs when the pole is in the up direction and the flag corresponds to parallel consolidation to a net downside. When the price is trading inside the flag channel, it’s likely to face resistance at the upper line and support at the lower one. A move out of either of these levels can signal a breakout in that direction. Bull Flags are assumed to be bullish continuation patterns, so a breakout may be more likely to occur above the resistance line of the parallel channel. Such a breakout is also considered to be of the same length as the pole of the pattern. Like the Bull Flag, there is also a formation called the Bear Flag. It works much in the same way, except for the fact that the pole and flag are both flipped in orientation. That is, the pole corresponds to a sharp downward move, while the flag represents a phase of consolidation to the upside. Now, here is the chart shared by Martinez that shows the Bull Flag that the 4-hour price of PENGU has been trading inside for the past month: As displayed in the above graph, PENGU has slowly been descending within the channel of the Bull Flag. The memecoin recently made a retest of the upper level, but it ended up rejected. The asset has since faced a plunge, so it’s uncertain when the next attempt could occur. The longer the coin remains locked inside the channel, however, the likelier an escape could become, whether to the upside or downside. Related Reading: Altseason Things: Ethereum Perps Volume Sets New Record Against Bitcoin In the view of the analyst, Pudgy Penguins is “inches away from a new leg up.” Going by the scale of the pole, a potential bullish breakout could send PENGU to near the $0.10 mark. It only remains to be seen how the cryptocurrency’s price will develop in the coming days and whether a surge above the Bull Flag will occur. PENGU Price At the time of writing, Pudgy Penguins is trading around $0.317, down more than 7% over the last 24 hours. Featured image from Dall-E, charts from TradingView.com
Ethereum (ETH) has a history of defying expectations. In the 2020–2021 bull run, ETH skyrocketed more than 3,900%, climbing from under $100 to nearly $4,900 at its peak. Related Reading: Solana Extends Streak, Outshines Ethereum in DEX Volume – Details That surge was fueled by the rise of decentralized finance (DeFi), NFTs, and a wave of institutional interest. Now, as Ethereum enters a new cycle backed by stronger fundamentals and wider adoption, investors are bracing for a potential repeat. This time, the story goes beyond retail speculation. Institutional demand is accelerating at record pace, with Ethereum ETFs, staking yields, and corporate treasury allocations reshaping the market dynamics. Institutional Demand Redefines Ethereum’s Market Position In 2025, Ethereum-based ETFs have far outpaced their Bitcoin counterparts, attracting over $12.1 billion in assets under management. BlackRock’s iShares Ethereum Trust (ETHA) alone saw nearly $300 million in inflows in August, underscoring Wall Street’s growing appetite for ETH exposure. Meanwhile, Bitcoin ETFs faced over $1.1 billion in outflows, signaling a dramatic shift in capital allocation. Beyond ETFs, public companies now hold 3.4% of Ethereum’s total supply, with more than 3.5 million ETH staked in corporate treasuries. Household names like Ferrari and Deutsche Bank are integrating Ethereum into payments, tokenization platforms, and settlement systems. Unlike Bitcoin, which remains a non-yielding store of value, Ethereum offers corporations yield-generating opportunities through 3–5% staking rewards, making it both a treasury asset and a productive instrument. ETH's price records some losses on the daily chart. Source: ETHUSD on Tradingview Why ETH Could Outperform Again Ethereum’s long-term bull case rests on three pillars: Deflationary mechanics: Post-Merge upgrades and token burns have reduced ETH supply by 0.1% quarter-over-quarter, reinforcing scarcity. Yield generation: With nearly 30% of ETH staked, institutions enjoy consistent returns absent in Bitcoin’s model. Regulatory clarity: The SEC and Europe’s MiCA framework have reclassified Ethereum as a utility token, giving the green light for ETFs and large-scale adoption. Ethereum now powers 53% of real-world asset tokenization, strengthening its role as the backbone of decentralized finance and digital settlements. Analysts at Standard Chartered and other firms are forecasting ETH could reach $7,500 by year-end 2025, with potential long-term targets of $12,000–$18,000 as adoption accelerates. Final Takeaway Ethereum is no longer just Bitcoin’s “little brother.” Its hybrid profile, a deflationary, yield-bearing, utility-driven asset, makes it a compelling choice for institutional and retail investors alike. Related Reading: This Week In XRP: Ripple CTO Set To Announce Important Update If the last cycle’s 3,900% rally was a preview, the next phase could reimagine how Ethereum is valued, not just as a cryptocurrency, but as the infrastructure layer in global finance. Cover image from ChatGPT, ETHUSD chart from Tradingview
A previously undiscovered flaw in Perplexity’s Comet browser let hidden commands extract user data, Brave researchers say.
Bitcoin (BTC) consolidates near current levels as capital inflows extend along the risk curve toward Ethereum and broader altcoins, according to Bitfinex Alpha’s Aug. 25 report. The report noted that the shift represents a measured rotation of institutional liquidity following Bitcoin’s all-time high formation. Bitcoin declined 4.5% from the weekly open on Aug. 18 until […]
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In a new episode of Coin Stories with host Nathalie Brunell, investor and podcaster Preston Pysh offered a structurally grounded answer to a question many Bitcoin holders have been asking all summer: if corporate treasuries keep announcing big buys, why does price keep chopping and fading? Pysh’s diagnosis is not about a sudden loss of conviction from long-term holders, but about market-structure dynamics introduced by sophisticated “fast-money” firms that are designed to suppress volatility while extracting basis and funding premia. Why Is Bitcoin Not Rising Much Higher? Brunell framed the dilemma bluntly, asking why spot Bitcoin has gone sideways despite momentum from “the Trump administration” and “all these corporate treasury companies buying,” and who is “really on the sell side” creating headwinds for “$150k and $200k” targets people still float for year-end. Pysh began with empathy for that dissonance: “I definitely can feel the frustration and the pain because like it just feels like every day there’s another announcement of, oh, so and so company just bought ten thousand plus bitcoin. The price was down on the day or whatever.” Related Reading: Bitcoin Holds Strong In ‘Wall Of Worry’, Path To $183,000 Remains Open – Analyst From there, he pointed to the rise of delta-neutral, volatility-harvesting strategies run by major Wall Street trading houses. “If I was going to guess what I think it is, I think that you have fast money Wall Street traders—Jane Street to kind of name one actor and there’s many of them out there—that… are in the business of sucking volatility out of the market and really not having any exposure, other than they’re going long and short simultaneously and they’re arbitraging the difference.” In practice, these trades pair spot, futures, and perpetual swaps so the desk is directionally flat while clipping the spread. The second-order effect, Pysh argued, is visible on the chart: “It’s going to make that volatility continue to collapse as it’s going up… the volatility is getting further and further dampened in that process.” That suppression, he continued, changes how an uptrend feels. Instead of the typical explosive expansions that have historically punctuated Bitcoin bull markets, price action compresses into narrower bands, punctuated by mean-reversion. “Where I think it takes you is this scenario where the spring is coiling and it kind of pops one way or the other,” he said. Directionally, the multi-cycle trend still points higher, but he resisted the lazy inference that a textbook volatility squeeze must resolve vertically. “Markets are highly dependent on liquidity… They’re dependent on all these other external factors… I’m not… saying the volatility is collapsing, it’s going up and we’re going to… the moon. I’m not saying that.” Related Reading: Bitcoin To $15 Million Possible Once Powell Is Out, Says Arthur Hayes Liquidity, in Pysh’s framework, is the gating variable that determines whether a coiled spring actually releases to the upside. He watches global risk proxies as a read-through for fiat liquidity rather than confining analysis to crypto-native flows. “When I’m looking at the liquidity metrics of just global equity is a great way I like to… view… I’ll look at all the global equity markets and if they’re all ripping, that’s telling me that the markets are flush with liquidity—fiat liquidity. And right now that’s what we’re seeing… they’re all like bidding. So to me, that’s a healthy indicator that Bitcoin could go higher. But it also is dependent on whether that, whatever the source of that is, continues to persist.” Feels like the most bearish bull market in Bitcoin. What has been putting the sell pressure on btc? https://t.co/9EUuLJnerH pic.twitter.com/vPvpimm7rX — Natalie Brunell ⚡️ (@natbrunell) August 23, 2025 Even so, Pysh cautioned against treating volatility compression as a deterministic countdown to six-figure price targets. “People just have to be careful… none of this is a guarantee that it’s going to continue to rip or that compression is signaling that we’re going to $200k in weeks.” He also acknowledged that, if one still subscribes to the four-year halving cadence, this leg looks different from prior cycles. “We’ve maybe seen a little bit of what we’ve seen, which is this dampening of what we have historically seen in the price action… At this part of the cycle… you would have seen a very aggressive move kind of already taking place and… to be honest with you, back… Christmas time frame I would have guessed by now,” he admitted, trailing off as if to concede that the expected vertical expansion simply hasn’t materialized on schedule. At press time, BTC traded at $111,484. Featured image created with DALL.E, chart from TradingView.com
Canary Capital has filed for a US-only crypto ETF, aiming to track an index of American-rooted digital assets as the SEC weighs other fund applications.
Aave reached an all-time high total value locked (TVL) of $41.1 billion on Aug. 24, positioning the decentralized lending protocol as the equivalent of the 54th largest US commercial bank by total deposits based on Federal Reserve data as of Jun. 30. The money market protocol would replace the Prosperity Bank, which has $38.4 billion […]
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Following another unsuccessful attempt to create a new all-time high (ATH), Bitcoin (BTC) dropped to a weekly low of $110,820 on the Binance exchange yesterday. The world’s largest cryptocurrency by market cap has now entered a clear pullback phase, with $105,000 emerging as the critical support level that traders are closely watching. Bitcoin Falls To $110,000 Amid Market Pullback According to a CryptoQuant Quicktake post by contributor BorisD, Bitcoin’s current distribution phase could extend for several more days. Wallet accumulation and distribution patterns highlight stronger sell-offs among BTC whales, raising questions about short-term price stability. Related Reading: Bitcoin Weakness Vs. Ethereum Strength: On-Chain Data Reveals Divergence For context, Bitcoin whales are individuals or entities that hold very large amounts of BTC, typically thousands of coins, giving them outsized influence on market trends. Their buying or selling activity can significantly move prices, making whale behavior a closely watched indicator for traders and analysts. Interestingly, smaller wallet cohorts are showing different behavior. Wallets holding 0–0.1 BTC recently switched back to accumulation mode as the broader market declined. These smaller holders typically follow the price rather than set the trend. Wallets holding 0.1–1 BTC began accumulating even at ATH levels. This trend suggests retail investors remain confident in Bitcoin’s long-term trajectory. On the other hand, wallets with 1–10 BTC halted their selling around the $107,000 level and returned to accumulation. This trend hints that mid-sized holders see current price levels as attractive buying opportunities, despite overall market weakness. BTC Whales Continue To Sell Larger holders are displaying more cautious behavior. Wallets with 10–100 BTC stopped accumulating at $118,000 and have since moved into distribution. BorisD pointed out that wallets with 100–1,000 BTC are the most important group to watch. While generally in accumulation mode, this cohort has shown a balance between buying and selling. The analyst added: They have shown balance between accumulation and distribution since $105,000, reflecting indecision. This level acts as a critical support-turning zone. Meanwhile, wallets with 1,000–10,000 BTC remain in consistent sell-off mode following the ATH of $124,474 reached on August 13. The largest wallets – holding more than 10,000 BTC – also began selling at those highs and continue to distribute. However, the pace of their selling has slowed as the price pulls back, indicating weakening distribution pressure. Related Reading: More Pain For Bitcoin? Open Interest Surpasses $40 Billion As Longs Crowd In The analyst emphasized that although distribution remains the dominant trend, its intensity is waning. The $105,000 support zone now stands out as the most crucial threshold. A decisive break below this level could shake market confidence and trigger widespread fear among investors. Fellow CryptoQuant contributor, Julio Moreno, recently stated that the CryptoQuant Bull Score Index moved into neutral territory. However, it must trade over $112,000 to avoid a sharper price correction. Another prominent crypto analyst, Tony “The Bull” Severino said that BTC’s path to $183,000 remains intact. At press time, BTC trades at $111,349, down 2.7% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Blockchain analytics firm Bubblemaps released a report on Aug. 25 alleging that Hayden Davis coordinated a sniping operation on Kanye West’s YZY token that generated $12 million in profits through 14 connected wallets. The investigation began with a timing analysis showing Davis, also known as Kelsier, received access to $57 million in previously frozen funds, […]
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China’s new "hybrid" DeepSeek model outshines OpenAI’s hyped GPT-OSS, delivering fiction, logic, and code. But OpenAI's model has potential—if the community lends a hand.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Crypto exchange-traded fund (ETF) issuers are likely to partner with centralized staking providers following approval, but will eventually pivot to decentralized protocols as regulatory frameworks mature. The Securities and Exchange Commission’s (SEC) Aug. 5 statement that liquid staking activities and staking receipt tokens do not constitute securities offerings removed the final regulatory hurdle for staking-enabled […]
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Bitcoin fell below $110K, wiping out Fridays gains and triggering $880M in liquidations, as ETH and altcoins dropped ahead of September.
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Bitcoin’s price action this month has left traders watching closely as big players double down on bullish calls. According to VanEck’s research, the investment firm has reaffirmed a $180,000 year-end target even after Bitcoin slid from a recent high, a sign that some institutional buyers are not backing away despite a pullback. Related Reading: Solana Extends Streak, Outshines Ethereum in DEX Volume – Details Institutional Buying Remains Heavy Reports have disclosed heavy accumulation in July. Exchange-traded products bought 54,000 BTC while Digital Asset Treasuries added 72,000 BTC, giving clear evidence that large holders continue to pile in. VanEck first laid out its bullish view in November 2024 when Bitcoin traded around $88,000. At the same time, US-listed miners now account for 31% of global Bitcoin hashrate, up from roughly 30% earlier this year, even as equity index fell 4% when excluding Applied Digital’s 50% jump. Price Moves Show Volatility And Quick Recovery Bitcoin slid to $112,000 in early August before jumping back to $124,000 on August 13. That move set a new all-time high above July’s $123,838. At the time of writing, Bitcoin trades close to $115K, roughly 8% below that recent peak. Traders describe the pullback as a repositioning after a run-up, not an obvious breakdown. Source: VanEck Derivatives metrics back the picture of rising speculative interest. CME basis funding rates have surged to 10%, the highest level since February 2025. Options markets show call/put ratios hitting 3.21x, the strongest since June 2024, with investors spending $792 million on call premiums. Yet implied volatility has compressed to 32%, well under the one-year average of 50%, which makes options cheaper for buyers. On the other hand, futures open interest sits over $6 billion, though a $2.3 billion unwind in open interest during recent corrections ranks among the larger single-session moves. Source: VanEck Voices Split On How High Bitcoin Could Go Executives and analysts disagree on the pace and peak of the rally. Coinbase CEO Brian Armstrong joined figures such as Jack Dorsey and Cathie Wood in suggesting Bitcoin could reach $1 million by 2030, citing clearer rules and wider institutional adoption. Galaxy Digital’s Mike Novogratz warned that a million-dollar level would more likely reflect severe US economic stress than normal market strength. Preston Pysh flagged concerns about how Wall Street’s growing role might change Bitcoin’s use and culture. Related Reading: Ether Soars In August—But Will September Spoil The Party? Support Levels And Technical Technically, many market watchers view the $100,000-$110,000 range as key support. A decisive break below $112,000 could push prices toward $110,000 and, in a deeper move, $105,000. For now, the story is mixed. Institutional demand and speculative derivatives flows are pushing price pressure higher, while cheap options and compressed volatility make bullish bets less costly. Whether that combination lifts Bitcoin to VanEck’s $180,000 target will depend on continued inflows and whether key support holds. Featured image from Meta, chart from TradingView
Bitcoin’s recovery hinges on the resumption of the spot ETF inflows and investors’ ability to compartmentalize the whale selling and focus on fundamentals.
Sharps Technology announced a $400 million raise to launch a Solana treasury, sending its shares soaring Monday as more health sector firms pivot into digital assets.
Most cryptos have taken out their Sunday flash crash lows late in the U.S. session on Monday.
Hyperliquid registered more trading volume than Robinhood for the third consecutive month, with July marking the largest gap between platforms at 39.1%. DefiLlama data shows the decentralized derivatives exchange traded $330.8 billion in combined spot and perpetual volume during July, while Robinhood processed $237.8 billion across all products. Robinhood’s July volume was made up of […]
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Dogecoin (DOGE) is trading near $0.22, caught in a tightening range that has traders eyeing a potential breakout. The memecoin dipped 5% over the past 24 hours, holding flat on the weekly chart, while trading volume crossed $3 billion. Related Reading: Here’s What Powell’s Possible Rate Cuts Could Mean For The Shiba Inu Price On the 4-hour chart, DOGE has formed a symmetrical triangle pattern, a technical setup often signaling an explosive move once price escapes the structure. Analyst Ali Martinez noted that the asset is nearing the lower boundary of this formation. He suggested that “one last dip before the breakout” may occur, with support at $0.22 and resistance at $0.24–$0.25. A push above this resistance could target $0.26, $0.28, and $0.31, while a breakdown below $0.22 risks testing $0.21 and $0.19. Analysts See a Dogecoin (DOGE) Breakout Potential Trader Tardigrade applied Elliott Wave Theory, identifying DOGE in the final leg of a correction that typically precedes a strong motive wave. This pattern has historically led to trend continuation, raising expectations of a rebound toward $0.30 or higher if buyers reclaim control. Meanwhile, chart analyst Umair emphasized the $0.25 level as a crucial pivot. According to him, “recovering this will lead to 31c,” while failure to hold could drag DOGE back toward $0.1949. DOGE's price records major losses on the daily chart. Source: DOGEUSD on Tradingview Technical indicators also reflect this uncertainty. The Relative Strength Index (RSI) sits near 57, suggesting balanced momentum without overbought pressure. Price remains squeezed between a rising trendline and horizontal resistance, awaiting confirmation of direction. Market Sentiment and Catalysts Market sentiment around Dogecoin is mixed. Data from MarketProphit shows cautious optimism among traders, though broader models remain reserved. External factors are also adding intrigue: the Federal Reserve’s softer stance on crypto banking has boosted sector sentiment, while Thumzup’s $50M acquisition of Dogehash positions the company as the largest Dogecoin mining operator to date. On lower timeframes, analysts have also flagged a potential 2-hour bull flag pattern, though its validation depends on DOGE’s ability to close back within the flag zone. If confirmed, this could strengthen the bullish case for a rally beyond $0.25. Related Reading: This Week In XRP: Ripple CTO Set To Announce Important Update For now, Dogecoin is at a crossroads. With price consolidating tightly near support and resistance, traders are preparing for a decisive move that could set the tone for the coming weeks. Cover image from ChatGPT, DOGEUSD chart from Tradingview
ESMA, IOSCO and the World Federation of Exchanges urge the SEC to tighten oversight of tokenized equities, warning of investor risks as Wall Street giants eye the growing market.
Ethereum co-founder Vitalik Buterin weighed in on the growing debate over prediction markets, warning that the absence of interest-bearing mechanisms makes them unappealing for risk-averse traders. In a post on Farcaster, Buterin said the lack of yield forces participants to sacrifice guaranteed returns elsewhere, such as the 4% annual yield available on dollars, just to […]
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Gemini launches an XRP credit card with Ripple, offering up to 4% back in XRP, while expanding RLUSD stablecoin access for US traders.
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B Strategy plans to follow the playbook of 10X Capital, which recently secured funding for a BNB treasury supported by YZi Labs.
The Leading the Future fund plans to spend on key races in four states this year, and then nationwide ahead of the 2026 midterms.