Exchanges are racing toward blockchain-based equities and 24/7 trading. Institutions, however, fear liquidity and funding risks.
The past week recorded a significant change in the Bitcoin price action, where there was a momentum-driven rally to the upside of the charts. As of Tuesday, March 10, this move had boosted the flagship cryptocurrency tp reclaim its previous psychological $70,000 level. Interestingly, the Bitcoin price would go on to reach about $74,000 on Friday. While this might be good for Bitcoin, if at all in the short term, data from a recent on-chain evaluation has been published, leading to the suspicious conclusion that Bitcoin’s market participants are currently not as enthusiastic as they should be. Related Reading: Bitcoin Price From $70,000 To $110,000 In 2 Months? Analyst Reveals How Negative Funding Rates On Binance Reveal Increasing Short Positioning In an X post on March 13, pseudonymous on-chain analyst Darkfost reveals that there is a widespread wave of cautious pessimism in the Bitcoin market, despite the most recent bullish performance. As noted by the crypto expert, every rebound of the BTC price seen in March seems merely to be opportunities for short positioning, rather than clear recovery movements. For this reason, there has been a progressive display of negative funding rates on the Binance exchange for close to a week, as shown by the Bitcoin: Funding Rates – Binance metric. Darkfost points out that this is reflected in the extreme readings obtained on the Funding Rates metric, with funding rates slipping under -0.006 both on the 10th and 11th of March. According to the analyst, this significantly negative level indicates that most of the positions currently open on Binance are biased towards shorts, as high skepticism remains among investors on the tenability of Bitcoin’s recovery taking place in the near-term. Related Reading: Bitcoin Eyes Gold’s Crown As Institutional Money Quietly Shifts Extreme Bearish Sentiment Could Trigger Counterintuitive Bullish Move Interestingly, Darkfost references historical data to explain that the Bitcoin market could still see a sharp inflow of bullish momentum. This is because, when most traders open clusters of short positions, they open the market to an increasing possibility of a short squeeze. According to history, Darkfost explains that “when funding rates reach extreme levels or when a strong market consensus forms, it is often too late to position in that direction.” Hence, in the scenario where the Bitcoin price can sustain its recent upside movement, a short squeeze would likely occur. As a result, all of the sell-side liquidity currently sitting above Bitcoin’s market price would become converted to fuel for the upside move, and this in turn could cause the liquidation of even more short positions, further reinforcing the bullish move. Barring a definite move occurring, market participants are therefore advised to retain a more cautious stance in their dealings. As of press time, the Bitcoin price trades at $70,852 following a 1.09% loss over the past 24-hours. Featured image from Unsplash, chart from Tradingview.com
They argue the tax would be illegal, violating Brazil's Constitution and Virtual Assets Law, as stablecoins are not considered fiat currency.
A single historical parallel is driving one analyst’s bold call on XRP — and it hinges on a rally that hasn’t happened yet. Related Reading: Ghana’s Crypto Push Begins As 11 Companies Enter SEC Sandbox Channel Pattern Tracks 9 Months Of Price Action Chartist Celal Kucuker has mapped out a descending channel that has guided XRP’s price movements since the token hit a record high of $3.6 in July 2025. The channel has two boundaries: a lower trendline that dates back even further — to when XRP pulled back from $3.4 in January 2025 — and an upper trendline that formed after the July peak. Together, they’ve boxed in the token’s price for the better part of nine months. Two of Kucuker’s projected targets within that channel have already been hit. XRP climbed to $2.4 in January 2026, touching the upper trendline, then reversed and fell to $1.1 in early February, landing near the lower boundary. Both moves played out largely as the analyst had outlined. XRP is now trading around $1.41, down 24% since the start of the year. Ripple XRP 2.40$ ☑️ 1.10$ ☑️ 1.80$ ⌛️ 0.90$ ⌛️ 8.60$ ⌛️ September – December pic.twitter.com/dFilurLCVC — Celal Kucuker (@CelalKucuker) March 13, 2026 Two More Moves Before A Potential Breakout According to Kucuker’s roadmap, the price action isn’t done yet. He expects XRP to bounce toward $1.8 — a retest of the upper trendline — before pulling back again to around $0.9, which would mark another touch of the lower boundary and potentially push the token below the $1 mark. Only after that final retest, in his view, does the setup for a breakout emerge. When that breakout comes, Kucuker puts the upside target at $8.6. He projects that move to unfold between September and December 2026. From the estimated breakout price, that would represent a gain of 330%. That percentage isn’t arbitrary. It mirrors what XRP did the last time it broke out of a similar structure. After clearing a comparable descending channel in November 2024, the token climbed 330% to reach $3.4 by January 2025. The current projection applies that same multiplier to the new setup. Broader Market Adds To Uncertainty The crypto market hasn’t made things easy. Reports indicate the global crypto market cap has dropped 18% since January, falling to roughly $2.4 trillion. XRP’s losses have outpaced that decline. Related Reading: Bitcoin Climbs Back To $73,000 As Short Squeeze Wipes Out $246M In Futures Bets None of that, on its own, derails a technical forecast built on chart patterns rather than macro conditions. But the scale of the projected move — from a potential low near $0.9 to a target of $8.6 — would require sustained buying pressure over several months, with few major disruptions along the way. Kucuker has not specified a timeline for the near-term moves to $1.8 and $0.9. Those steps are treated as preconditions, not endpoints. The $8.6 figure only comes into play after the channel is broken to the upside. As of March 14, XRP continues to trade well within the channel’s boundaries, with the next key level — the $1.8 upper trendline retest — still ahead. Featured image from Shutterstock, chart from TradingView
The largest publicly traded corporate holder of bitcoin would need to buy roughly 6,158 BTC per week, about $523 million, to reach the milestone by Dec. 31.
The brave new world of autonomous, micro-transacting AI agents is where programmable cryptocurrencies will shine, according to stablecoin experts.
The Bitcoin price might look calm on the surface, but beneath that quiet chart is a familiar cocktail of fear, speculation, and historical pattern-chasing. And right now, the ingredients look oddly familiar. Fresh on-chain data shows the percentage of coins sitting on exchanges has fallen to its lowest level since November 2017. That’s a long …
While the Pi Network community celebrates Pi Day on March 14, its native token PI is crashing instead of rallying. The price has fallen about 26% in 24 hours, leaving investors wondering what went wrong. Let’s find out the reason why the Pi network Pi coin price is crashing today on Pi day. Sell-the-News Reaction …
One company spent $1.28 billion buying nearly 18,000 BTC in seven days. At its current pace, it is on track to hold more Bitcoin than the person who created it. Strategy now holds 738,731 BTC, acquired at a total cost of around $56 billion. According to Lark Davis, Strategy sits among the four largest Bitcoin …
DEXE price is gaining traction as investors rotate into DAO governance tokens during the latest crypto market rally. The token powering the DeXe Protocol has surged after breaking out of a prolonged consolidation phase, drawing attention from traders looking for momentum opportunities in smaller-cap altcoins. While major cryptocurrencies remain in consolidation mode, niche sectors such …
The dogecoin price trending below $1 means that the meme coin is still around a 1,000% rally from hitting the coveted $1 level. Despite the expectations over the years, the digital asset has not performed well, instead ending its 2024 rally before it even got to its present all-time high of $0.74. However, this poor performance has not dissuaded investors, with one analyst predicting that the Dogecoin price will indeed end up hitting $1. Using Previous Cycles To Predict Price Trajectory Crypto analyst Javon Marks has predicted the trajectory of the Dogecoin price using the performance of the meme coin in the last few cycles. So far, there has been a consistent trend showing that the cryptocurrency has staged a major recovery with each cycle. While there was an over 500% surge in 2024, it has fallen short of the explosive rallies that investors have come to expect. Related Reading: XRP Negative Funding Continues, Crashes To Levels Not Seen Since 2022 Instead of an actual breakout, the analyst classifies the performance between 2023 and 2025 as being part of a stagnation period. What this means is that the Dogecoin price is still in a build-up phase that would lead to its next rally. If the trend holds, then it is possible that Dogecoin could see another explosive rally in 2026. A breakout from the bottom, somewhere around $0.09, would define the rally and set the tone to hit the first target. This target lies at $0.739, which would be a 750% rally. Next on the target list is the $1.25 level, meaning that the price would have to rise around 1,100% to complete this move. Then, the final target is placed somewhere above $1.80, and this would mean an over 2,000% move for the meme coin. Dogecoin Could Be Marking A Bottom Another analyst, CryptoAnalystSignal, on the TradingView website, has also proposed that the Dogecoin price might be hitting a bottom. This is because the price had been moving inside a descending channel on the one-hour chart. Usually, when the price reaches the lower boundary of this channel, as Dogecoin has done, it results in a bounce. Rising from this descending channel would mean that a possible bottom was in. Related Reading: Analyst Maps Out XRP’s Exact Path For 2026, Here’s The Roadmap There is still the question of the Relative Strength Index (RSI) showing a possible bearish trend. However, as the price moves toward the 100-MA, it is possible that Dogecoin will target above $0.097 before encountering major resistance. Featured image from Dall.E, chart from TradingView.com
Bitcoin peaked at $126,230 on October 6. It has been falling for 159 days since. To most holders, that feels like an eternity. To anyone who has looked at the historical data, it barely registers. CryptoQuant analyst Darkfost laid out the numbers. In the 2017 cycle, it took 1,180 days before Bitcoin reached a new …
Cardano price is approaching a potentially critical moment as the broader crypto market rally begins to build momentum. Despite trading below the $0.30 level, analysts believe the current structure could signal early accumulation before the next major move in ADA. While several altcoins continue to struggle amid market volatility, Cardano (ADA) has managed to hold …
On-chain analytics firm Glassnode has highlighted how Bitcoin has only seen a relatively thin accumulation band form during the recent consolidation range. Bitcoin STH CBD Shows Accumulation Remains Thin In a new post on X, Glassnode has talked about the latest trend in the Bitcoin Cost Basis Distribution (CBD) of the short-term holders. The CBD here refers to an indicator that tells us about the amount of supply that was purchased at the various price levels visited by BTC in its history. Related Reading: Bitcoin Returns Mirror Late-2022 Levels Seen Before 67% Rally: Santiment The CBD of the short-term holders (STHs) specifically tracks this for the supply that was purchased within the past 155 days. The short time frame means that supply clusters on the indicator always thin out over time, whether by coins from them being moved at other price levels (thus regaining their cost basis there) or by maturing into the long-term holder (LTH) cohort, beyond the 155-day cutoff. Now, here is the chart shared by Glassnode that shows how the Bitcoin STH CBD has changed over the past year: As displayed in the above graph, the Bitcoin STH CBD gained a large supply cluster at the price lows seen back in November, indicating that a notable amount of fresh accumulation took place in response to the market crash. This dense supply zone then acted as a support cushion for the asset, helping stabilize it into a phase of consolidation. Eventually, though, the cryptocurrency’s bearish momentum returned and its price plummeted deep under the cluster. This implies that all tokens part of it have gone underwater. Besides the strong supply zone at the range’s lower end, the consolidation phase from November-January also resulted in some higher levels being filled out with supply. This accumulation wasn’t quite as strong as at the lows, but it still nonetheless showed that coins were actively changing hands. Recently, Bitcoin has stabilized into another phase of sideways movement, but from the chart, it’s apparent that this time there has neither been a strong dip buying response, nor a buildup of a significant supply cluster as the consolidation has gone on. That said, buying hasn’t been completely absent, with some supply starting to find cost basis inside the zone. “An accumulation cluster is forming in the $62k–$72k range,” noted Glassnode. “However, its intensity is modest relative to prior phases that preceded sustained expansions.” Related Reading: Bitcoin Recovery Requires STH Profitability Above 50%: Glassnode It now remains to be seen how the supply range will develop in the near future. For now, the foundation provided by it remains thin for a mid-term breakout, according to the analytics firm. BTC Price At the time of writing, Bitcoin is trading around $71,100, up nearly 5% over the past week. Featured image from Dall-E, chart from TradingView.com
XRP is trading at $1.39 today, down 63% from its peak. And while most holders are staring at the price waiting for a recovery, they may be missing the more important question: does XRP even work if the price stays low? According to Ripple’s own CTO, the answer is no. David Schwartz Said It Eight …
The Avalanche (AVAX) price has dropped below the key $10 psychological level, reflecting continued selling pressure across the altcoin market. At the time of writing, AVAX is trading around $9.5, marking a steady decline from its recent local highs near $14 earlier this year. The decline comes as several altcoins continue to struggle with weak …
Decentralized exchange (DEX) Hyperliquid (HYPE) is experiencing a notable surge in its key metrics, positioning itself as a preferred trading platform amid rising tensions in Iran. This increased activity has propelled HYPE to outperform the market’s leading cryptocurrencies, boasting a major 23% gain over the past week. However, market analyst Ali Martinez has indicated that HYPE investors may soon encounter a new buying opportunity. New Sell Signal For Hyperliquid The analyst highlighted that on March 8, the TD Sequential had signaled a buying opportunity for HYPE, which was subsequently confirmed as the token experienced a price increase of 28.23%, rising from approximately $30 to a high near $38.53. However, as of March 13, the same indicator is now flashing a sell signal, prompting Martinez to caution that increasing selling pressure could lead to a short-term retracement to around $34. Related Reading: Hyperliquid (HYPE) Under The Lens: These 3 Metrics Point To Severe Undervaluation Currently trading at $36.37, this would represent a decline of approximately 6.5%, in addition to a recent 2.5% pullback observed over the last 24 hours, according to CoinGecko data. For Martinez, this potential pullback may serve as a strategic buying opportunity before the expected upward momentum resumes. Ambitious Projections For HYPE Adding to the altcoin’s bullish outlook, research firm DCo released a new valuation framework for HYPE. They modeled four scenarios based on the potential market capture of the $1.74 trillion daily Total Addressable Market (TAM) that Hyperliquid could attain through its HIP-3 protocol. Utilizing a three-year discounted cash flow (DCF) framework, each scenario assumes a gradual capture rate: 20% in Year 1 (2026), 50% in Year 2 (2027), and 100% by Year 3 (2028), reflecting the gradual process of building market share. In a bear case scenario, where Hyperliquid captures just 0.01% of the market, HIP-3 could generate $32 million in annual fees at full ramp-up based on the conversion-adjusted TAM. When combined with baseline revenue projected at $1.35 billion and considering the terminal value from Year 3 total revenue, the DCF results in an estimated enterprise value of approximately $18 billion, which could result in HYPE reaching a new record of $60 per token. Under the base case of 0.10% market capture, Year 3 revenue from HIP-3 would climb to roughly $322 million, resulting in a total revenue of about $1.7 billion and an enterprise value nearing $22 billion. This would imply a token price around $72. $190 In Most Optimistic Case In the bullish scenario, with a 0.50% capture, the Year 3 HIP-3 fees would reach $1.6 billion, contributing to a total revenue of $3.0 billion. This would yield an enterprise value of $38 billion, corresponding to an implied price of about $124, representing a fully diluted valuation of around $124 billion. The most optimistic case, positioned at a 1.00% capture, projects total Year 3 revenue of $4.6 billion, with an enterprise value of $59 billion and HYPE potentially valued at $190. Related Reading: Bitcoin Historically Surges 54% On Average Post-US Midterm Elections, Binance DCo’s analysis reveals that, even at a default 20% discount and 20x multiple, the current price of $37 is considerably lower than the bear case valuation of $60. This suggests that the market has not fully appreciated the potential contributions from HIP-3 and is undervaluing the inherent value of Hyperliquid’s crypto exchange business. Featured image from OpenArt, chart from TradingView.com
As XRP anticipates a potential rally toward a key short-term resistance level, an analyst has set a bold target for the cryptocurrency’s long-term performance, suggesting that the altcoin could soar by over 1,300% during the next bull run. Related Reading: Ethereum Eyes $2,100 Retest As BlackRock Debuts Staked ETH ETF XRP Targets $48 In Next Bull Run On Friday, XRP joined the broader market rebound, experiencing a 3.5% surge and reaching a one-week high of $1.45. Over the past month, the cryptocurrency has been oscillating between $1.20 and $1.50, hovering above the upper area of this range. Amid this performance, analyst Ali Martinez shared a bold prediction for XRP’s price in the next bull run, suggesting a massive rally could unfold in the coming years based on a multi-year pattern. According to the chart, the altcoin has been forming an ascending triangle pattern on the monthly chart since 2018, when it rallied around 1,500% over two months to its old all-time high (ATH). XRP has traded between the $3.30 horizontal resistance and the ascending trendline over the past eight years, marking the bottom and peak of each rally during the last two cycles. The analyst suggested the altcoin could continue to move within this pattern until the next bull run and potentially rally 1,350% to the $48 target once it breaks through the multi-year resistance. Similarly, market observer Chard Nerd shared XRP’s macro chart but highlighted a potential retest of a resistance-turned-support instead. He noted that the cryptocurrency broke out of a multi-year symmetrical triangle pattern when the price soared past its eight-year resistance during the Q4 2024 market rally. Per the post, XRP could test the pattern’s neckline, currently around the $0.70-$0.80 area, as support in the coming months before beginning to recover from the bear market lows. Is A March-April Rally Brewing? In a Friday video analysis, Chart Nerd also shared a short-term outlook for XRP, highlighting its attempt to break out of a one-month symmetrical triangle on the daily timeframe after today’s pump. As he explained, the altcoin’s price has been compressing between a major level of resistance and a major level of ascending support over the past five weeks, which could target a 25% rally in the next few weeks as it approaches the tighter range of its apex. The apex does have a date (…) we’re looking towards the end of March, 25th of March, where XRP could, if it rejects from this $1.42-$1.43 level, (…) get really tight and compressed into a corner to look for a decision. The analyst suggested that the pattern’s upper boundary has been a major level of resistance throughout February, which could squeeze XRP’s price “into this apex towards the end of March” before potentially choosing its next direction. Related Reading: Bitcoin ‘Sandwiched’ Between Two Key Zones As Price Tops $71,000 – Major Move Ahead? If XRP breaks out of this apex to the upside and reclaims the $1.50 horizontal resistance, it will validate a move toward the $1.80-$2.00 area, which he previously called “a critical inflection point,” by the end of March or start of April. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin spot ETFs continued strong inflows on March 13, drawing a total of $180 million in net new money and extending their winning run to five straight days as investors seek regulated crypto exposure. BlackRock’s IBIT dominated flows with $144 million in a single session, showing continued preference for its liquidity and brand trust. Ethereum …
Flagship cryptocurrency Bitcoin price dropped today below $71,000, after the U.S. bombed military targets on Kharg Island, near Iran’s main crude export facility. The price of Bitcoin erased the gains it made on Friday when it reached $73,927, falling nearly 2% as risk sentiment weakened across markets. Despite this drop, Bitcoin ETFs continue to see …
Bitcoin (BTC) made a notable recovery on Friday, witnessing a 4% surge that led the leading cryptocurrency to retest the critical $74,000 resistance level, which has remained unbroken for the past month. However, even with this upward movement, the cryptocurrency has retraced to approximately $72,215, establishing itself at the upper boundary of its ongoing consolidation range. Further Declines For Bitcoin Ahead? Analyst Sunny Mom from CryptoQuant emphasizes that, despite these recoveries, Bitcoin has yet to establish a definitive bottom. She suggests that further price declines may be ahead, as current on-chain data reveals that the market is in a significant “stress test” phase. Diving into the data, Sunny identifies several key factors that indicate the challenges ahead for Bitcoin. First, she points to the 6-12 month cohort of investors, who are currently underwater due to their Realized Price (RP) being concentrated around $100,000. This means that many of these mid-term holders are seeing losses, which could continue to exert downward pressure on prices until this imbalance resolves. Related Reading: Hyperliquid (HYPE) Under The Lens: These 3 Metrics Point To Severe Undervaluation Sunny also highlights the MVRV (Market Value to Realized Value) ratio, which stands at 1.2. This figure is commonly regarded as a “DCA (Dollar-Cost Average) zone” for “smart money.” However, substantial cyclical bottoms typically require the MVRV to be less than 1.0, indicating a state of capitulation. Furthermore, the importance of long-term holders (LTHs) cannot be overstated. A sustainable price floor generally requires that LTHs—those who have held their positions for over two years—constitute more than 20% of the Realized Cap. Currently, they make up only about 15%, suggesting that the market lacks the robust structural support needed for a strong recovery. She outlines two potential paths for how Bitcoin could find its bottom. Two Potential Paths To Find A True Bottom The first involves a “Black Swan” event—a sudden crash that triggers forced liquidations among high-cost investors. Although painful, Sunny believes this scenario could lead to a faster establishment of a solid Bitcoin price floor, potentially within one to two months. The second path, referred to as “The Great Boring,” envisions institutions maintaining their positions, allowing Bitcoin to trade in the $60,000 to $80,000 range for an extended period. Related Reading: Bitcoin Historically Surges 54% On Average Post-US Midterm Elections, Binance The analyst asserts that this would enable new investments to mature into long-term holdings, setting the stage for a bottoming process that could extend into late 2026 or early 2027. While the market may be at a “Value Bottom” conducive to long-term dollar-cost averaging, Sunny’s analysis suggests that a true “Structural Bottom” for Bitcoin has yet to form. Consequently, she noted that volatility within the $60,000 to $70,000 range is anticipated. Featured image from OpenArt, chart from TradingView.com
Coinbase is discussing a possible investment deal with Bybit, one of the largest global crypto exchanges outside the United States. Bybit sees the partnership as a way to expand into the regulated US market, but it has not publicly confirmed the talks. Industry leaders say a deal could strengthen standards and reduce loopholes in crypto …
AI tokens are once again emerging as one of the strongest sectors in the crypto market, with TAO, RENDER and FET posting major gains as investor interest in decentralized AI infrastructure grows. The renewed momentum comes as the broader crypto market stabilizes and traders rotate capital toward blockchain networks powering AI compute, decentralized machine learning, …
More than $246 million in crypto futures positions were wiped out in a single day as Bitcoin reversed sharply on Thursday, punishing traders who had bet against the market. The leading cryptocurrency climbed back to around $73,300 — a gain of roughly 4.5% over 24 hours — after a stretch of selling had dragged prices into the high $60,000 range. Related Reading: Cardano’s DeFi Boom: TVL Spikes 23% In Less Than 2 Weeks The move carried the hallmarks of a short squeeze. Funding rates had gone deeply negative in the days before the reversal, a sign that bearish bets had piled up on exchanges. When prices turned higher, those positions were forced to close. Volume surged, and the rally fed on itself. Buyers Step In Ahead Of Major Resistance Bitcoin had been trading near $71,500 before buyers moved in. Reports from trading data firm TradingView placed the price at approximately $72,900 at publication time. The recovery came against a backdrop of broader risk appetite returning to financial markets, with the S&P 500 posting gains and the US dollar softening — conditions that have historically drawn money into alternative assets like Bitcoin. Institutional demand played a role too. Inflows into spot Bitcoin exchange-traded funds helped put a floor under prices during earlier sell-offs this year, keeping losses shallower than they might otherwise have been. That dynamic marks a notable shift from past cycles, when Bitcoin often fell in lockstep with equities during periods of stress. Geopolitical tensions in the Middle East added a layer of uncertainty throughout the week, but Bitcoin held its ground, a fact traders pointed to as evidence of broader market acceptance of the asset. Open Interest Stays Elevated At $48B The derivatives market remains stretched. Open interest across major exchanges sat near $48 billion, according to data aggregated by Coinglass, with CME Bitcoin futures alone accounting for roughly $7.9 billion — or around 110,000 BTC. Positioning had shifted toward call options heading into the move, suggesting some traders had already anticipated a push higher. That level of open interest cuts both ways. It reflects strong participation and genuine conviction from both retail and institutional traders. Related Reading: Ghana’s Crypto Push Begins As 11 Companies Enter SEC Sandbox But it also means the market stays vulnerable to sharp swings if headlines change fast. A single piece of macro news — a Federal Reserve signal, an escalation overseas, a policy shift — could flip the mood quickly. Bitcoin has shed its old reputation as a pure risk-on trade, at least partly. Advocates increasingly frame it as a store of value in environments where governments spend freely and currencies weaken. Whether that framing holds under pressure remains an open question, but Thursday’s recovery did little to discourage those who believe it. Featured image from Pexels, chart from TradingView
A special purpose acquisition company (SPAC) linked to the crypto exchange Kraken is exploring potential deals with crypto-native firms valued between $2 billion and $10 billion. The move highlights growing interest from Wall Street in companies connected to digital assets and blockchain infrastructure. KRAK Acquisition Begins Search After $345M IPO The SPAC, KRAK Acquisition Corp., …
The largest cryptocurrency is up 4.2% on the week despite Friday's reversal, with attention now turning to the Fed meeting on March 17-18 and whether oil above $100 forces a shift in rate expectations.
XRP is in a compression phase rather than a breakdown, according to analyst EGRAG CRYPTO, who says the chart’s most important trigger now sits at $2.20. In a post published Friday, he argued that reclaiming that level would mark the point where the current structure turns decisively constructive again. EGRAG’s analysis is built around the monthly XRP chart and, specifically, the 21-period exponential moving average. “I keep repeating this: I don’t predict the future. I read charts, study cycles, and utilize on indicators,” he wrote, framing the setup less as a directional call than as a structural read of the market. “Right now the 21 EMA is the key.” What This Mean For XRP Price On his chart, that yellow 21 EMA has acted as the central trend reference through multiple XRP cycles. The latest monthly candles show price slipping below that line after a sharp rally, then moving into what he describes as a “descending compression / falling Channel.” He paired that with another key observation: “Price lost the 21 EMA,” “formed a descending compression / falling Channel,” and was “rejected from the $2.20 macro zone.” His conclusion from that combination was blunt: “This is not a crash structure.” Related Reading: XRP Bollinger Bands Are Squeezing—Volatility Incoming? That distinction is the core of the thesis. Rather than reading the recent decline as broad capitulation, EGRAG says the candle behavior points to a controlled retracement. “Look at the candles: shrinking bodies, weakening downward momentum, controlled retracement,” he wrote. “That’s seller exhaustion, not collapse.” The chart supports that reading visually. The candles on the right side of the structure are smaller than during the earlier impulse move, and the decline appears more contained than impulsive. The falling yellow guide lines drawn over the recent price action show a narrowing channel rather than a steep vertical unwind. In practical terms, the setup looks like compression into a decision point, not an outright structural failure. EGRAG then laid out two possible paths from here. The first is what he called a “Liquidity Sweep First,” meaning “a final shakeout toward $0.80-$1.00.” In his wording, that scenario would reflect a “wedge measured move & liquidity below,” suggesting XRP could still dip toward the lower part of the structure before any broader reversal attempt. Related Reading: XRP Accumulation Signal? Binance Withdrawals Jump, ETF Demand Grows The second path is the more immediate bullish alternative. “Fast Reclaim,” he wrote, would come “if XRP reclaims $1.65–$1.80,” at which point “the structure flips bullish again.” That reclaim zone matters because it would indicate that the compression has failed to produce follow-through to the downside and that buyers are regaining control before a deeper flush. Still, the chart’s most important level sits higher. EGRAG is explicit on that point: “The Level That Changes Everything $2.20: Reclaim that level and the expansion phase reactivates.” He followed that with the roadmap above it: “Next targets: $2.20 reclaim, $2.50 retest.” That makes $2.20 more than just a nearby resistance band. On this reading, it is the macro pivot separating a still-unresolved correction from a renewed expansion phase. The analyst had already identified it as the zone where XRP was previously rejected, so a move back above it would not just recover lost ground; it would invalidate the idea that the market remains trapped below a failed breakout area. For now, though, his message is that the market remains in waiting mode. “Until then…This is compression, not capitulation,” EGRAG wrote. “Structure > Noise.” At press time, XRP traded at $1.41. Featured image created with DALL.E, chart from TradingView.com
Goldman Sachs has quietly built one of the largest known institutional positions in XRP, holding close to $154 million through various exchange-traded fund products — a figure that places the Wall Street giant ahead of hedge funds and trading firms that have also begun staking out exposure to the digital asset. Related Reading: Ghana’s Crypto Push Begins As 11 Companies Enter SEC Sandbox Institutions Move In As Retail Pulls Coins Off Exchanges The Goldman position was disclosed alongside smaller holdings from Millennium Management, which reported about $23 million in XRP ETF exposure, and Citadel Advisors, which holds roughly $4.50 million. Companies including Jane Street and DRW Trading Group also reported positions. The breadth of names involved points to growing institutional acceptance of XRP as a regulated investment vehicle, even as the coin’s price has declined sharply since the funds launched. The XRP ETFs have actually held up pretty well despite the massive pullback in price. They’ve taken in a cumulative $1.4 billion since launch. pic.twitter.com/Bjtmb0y40D — James Seyffart (@JSeyff) March 10, 2026 XRP was trading near $2.50 when spot ETFs began trading in November 2025. It has since dropped to around $1.38 — a fall of 44%. Despite that slide, cumulative inflows into XRP ETFs have reached $1.4 billion, according to Bloomberg ETF analyst James Seyffart. The continued buying has raised questions about who exactly is behind the money flowing in and what their time horizon looks like. On-chain data from CryptoQuant shows a spike in XRP withdrawals from Binance. Between February 21 and March 7, the exchange recorded between 12,500 and 20,000 withdrawal transactions. Each surge was followed by a sharp drop in activity before picking back up again — a pattern analysts say may reflect investors moving coins off trading platforms and into longer-term storage. Supply On Exchanges Tightens As ETF Demand Holds Steady When large amounts of any asset are pulled from exchanges, the pool of coins available for immediate trading shrinks. Combined with steady ETF inflows, some market observers see the trend as a signal that available supply is being absorbed from multiple directions at once. Whether that dynamic will push prices higher remains to be seen. XRP has been consolidating between $1.31 and $1.42. Broader crypto market sentiment has stayed bearish, and analysts say that is likely keeping a lid on any near-term price movement. Related Reading: Bitcoin Crosses 20 Million Coins Mined — And Only 1 In 20 Remains Away from price action, activity on the XRP Ledger has been climbing. Daily transactions on the network have reached roughly 2.7 million, driven in part by real-world asset tokenization projects building on the chain. The total value of tokenized assets on the network has approached $461 million. Network Activity Climbs Even As Price Stays Flat The contrast between rising network usage and a stagnant price has been a recurring theme for XRP. Supporters point to the on-chain growth as evidence of real utility developing beneath the surface. Critics note that activity metrics and price do not always move in the same direction, at least not right away. Featured image from Vecteezy, chart from TradingView
Lekker Capital CIO Quinn Thompson argues on X that collapsing mining economics, combined with a growing shift by public miners toward AI and high-performance compute, could turn corporate BTC treasuries into a fresh source of market supply. “A large underappreciated headwind for Bitcoin is the disaster that which is mining economics. The only way this heals is through a decline in hashrate, which is being spearheaded by the AI compute first movers like CORZ, WULF, CIFR, IREN, etc.,” Thompson wrote. The chart Thompson shared, frames the problem visually. It shows aggregate bitcoin holdings across major listed miners climbing sharply through 2024 and 2025 before rolling over in 2026. Thompson’s argument is not that the AI pivot is bearish in structural terms. Related Reading: Bitcoin Bull Score Surges To 30, Exits ‘Extra Bearish’ Zone On the contrary, lower hashrate and less uneconomic competition could improve mining industry health over time. His point is that the transition itself is expensive, and that capex-heavy AI buildouts may force miners to liquidate BTC that had previously been treated as strategic treasury. “While helpful to long-term health and sustainability of the network economics, it presents a dilemma for prices in the near-term as Bitcoin miners hold almost 80,000 Bitcoin on their balance sheets. As these companies pivot away from BTC mining, they 1) need capital to fund the AI buildout capex requirements and 2) have no reason to hold any BTC on their balance sheet (not that they should have before either),” he argued. Bitcoin Miners Pivot To AI The 2025 filings and public data make that argument more concrete. Core Scientific’s fourth-quarter results showed the business mix tilting away from mining and toward AI-related infrastructure: self-mining revenue fell to $42.2 million from $79.9 million a year earlier, while colocation revenue rose to $31.3 million from $8.5 million. Management said the decline in hosted mining reflected the “continued strategic shift” to high-density colocation. For full-year 2025, Core generated $402.5 million of proceeds from selling digital assets and ended the year with 2,537 BTC on its balance sheet. TeraWulf offers an even cleaner read-through. The company said that in 2025 it “solidified HPC hosting as its primary growth engine,” signed more than $12.8 billion in long-term customer contracts, and built a platform with 522 critical IT megawatts under contract. Yet the legacy mining business was still being monetized as that buildout took shape: fourth-quarter digital asset revenue was $26.1 million, versus $9.7 million in HPC lease revenue, and the company’s year-end digital asset rollforward shows 1,496 BTC mined, 1,500 BTC disposed of, and only 3 BTC left on the balance sheet at Dec. 31, 2025. Related Reading: Bitcoin May Still Fall Under $10,000, Bloomberg’s McGlone Warns Cipher and IREN show two other versions of the same trend. Cipher said it increased its focus on HPC in 2025 and signed two HPC tenants for a combined 600 MW of data center capacity. It also sold bitcoin for approximately $214.7 million during the year. By year-end, Cipher had classified $94.9 million of Black Pearl mining rigs as held for sale after signing a sublease to transition the site to an HPC tenant. IREN, by contrast, has already taken the treasury issue largely off the table: with roughly 99,900 GPUs installed or on order as of Dec. 31, 2025, it said it “typically liquidate[s] all the Bitcoin we mine daily” and therefore held no bitcoin on its balance sheet at year-end. MARA matters for a different reason. It is not yet as far along as Core, TeraWulf, Cipher or IREN in converting mining sites into a full AI/HPC business, though it had deployed its first ten AI racks at Granbury by November 2025 and later announced a Starwood partnership for AI and HPC infrastructure. But MARA is the treasury heavyweight in the group, and its own 2025 disclosures moved in Thompson’s direction: the company said it began selling bitcoin in the second half of 2025, sold about 4,076 BTC for $413.1 million during the year, and still ended 2025 with roughly 53,822 BTC. That is the tension in Thompson’s thesis. A miner-led shift into AI can reduce hashrate pressure and improve the long-run economics of bitcoin mining. But the bridge from mining to AI is capital-intensive, and the 2025 filings show that bridge is already being funded with BTC sales, miner disposals and site conversions. For bitcoin, that means an industry adjustment that may be constructive later can still look like overhang now. At press time, Bitcoin traded at $72,322. Featured image created with DALL.E, chart from TradingView.com
The long-term accumulation trend among crypto ETF investors suggests a stabilizing influence on the volatile crypto market landscape.
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