As blockchain technology continues to gain traction among institutional investors, Chainlink (LINK) is positioning itself to capitalize on this momentum, especially in light of pro-crypto regulations that are attracting significant capital inflows. According to market expert Zach Rynes, the decentralized oracle network is better equipped than XRP to harness the forthcoming wave of institutional blockchain adoption and the tokenization of trillions in assets. Chainlink Vs XRP While some argue that Chainlink and the XRP Ledger (XRPL) do not compete directly on a product basis, Rynes suggests that this perspective overlooks the broader implications of their respective roles in the blockchain landscape. The expert highlights that Chainlink offers a platform that encompasses on-chain data delivery, cross-chain interoperability, automated compliance, privacy-preserving computing, and integration with legacy systems. These features are considered essential for the tokenization of real-world assets (RWAs) such as funds, equities, commodities, and currencies across diverse blockchain networks, both public and private. Related Reading: Crypto Founder Predicts The Collapse Of Bitcoin In This Timeframe As a result of these advantages, Chainlink is already collaborating with some of the world’s largest financial institutions, including the Central Bank of Brazil, to facilitate the adoption of blockchain technologies and tokenized assets. Investing in XRP, according to the expert, hinges on the belief that institutions will favor the XRPL as their ledger of choice over others, including proprietary private chains. In contrast, a bet on Chainlink reflects confidence that institutions will adopt blockchain technology more broadly, regardless of which specific ledger they choose to implement. Rynes emphasizes that this distinction is crucial, as Chainlink’s services enhance the functionality of any blockchain used by institutions, making it a more complete player in the ecosystem. Why LINK Is Key For Institutional Blockchain Adoption Currently, Chainlink secures over $92 billion in total value locked (TVL) across more than 60 blockchain networks through its oracle network, which supports over 450 applications. In comparison, XRPL has a DeFi TVL of around $100 million. The expert further asserts that the core capabilities that Chainlink provides are more valuable to institutions seeking to navigate the tokenization sector. For instance, data oracles are essential for delivering accurate net asset value (NAV) data for tokenized funds and corporate actions for tokenized equities. Cross-chain oracles also enable the secure transfer of assets across different blockchains, facilitating delivery-versus-payment (DvP) and payment-versus-payment (PvP) workflows. Additionally, Chainlink’s legacy-system oracles allow traditional financial institutions to interact with public and private blockchains using existing infrastructure and messaging standards, such as SWIFT. Related Reading: SUI Holds The Line: Rounded Bottom Hints At 13% Breakout Setup The expert also notes that a trend of margin compression is emerging for blockchain technology, where the value generated from transaction ordering is increasingly recaptured by applications rather than the networks themselves. Rynes highlights that this shift underscores the importance of infrastructure providers like Chainlink, which can monetize their services through enterprise deals and integration programs. While XRP aims to position itself as a bridge currency, Rynes argues that Chainlink’s ability to facilitate cross-chain transactions involving stablecoins and other assets diminishes the need for such intermediary currencies. As of this writing, LINK is trading at $24, down nearly 5% over the last 24 hours. Over longer periods, however, the cryptocurrency has ranked among the market’s top performers, recording year-to-date gains of 140%. Featured image from DALL-E, chart from TradingView.com
ALT5 Sigma denied a report suggesting one of its executives was being investigated by the SEC for insider trading tied to the Trump family’s World Liberty Financial.
The global crypto market has seen a slight pullback in the past 24 hours, with the total market cap dropping to $3.82 trillion, down about 1.03%. Bitcoin, the world’s largest cryptocurrency, is trading around $113,602, down 1.15% in the last 24 hours. Ethereum also faced selling pressure, slipping 1.43% to trade at $4,156. Still, ETH …
Saylor’s Strategy stock price taps its lowest point since April amid controversy over equity guidance changes and a broader downturn among Bitcoin treasury companies.
The latest allocation follows Ark’s 2.5 million-share buy across three ETFs on Bullish’s first day of trading, a stake then valued at more than $170 million.
XRP price is gaining bearish pace below the $3.050 resistance zone. The price is struggling below $3.00 and remains at risk of more losses. XRP price is declining below the $3.020 and $3.00 levels. The price is now trading below $3.00 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $3.00 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below the $3.10 zone. XRP Price Dips In The Red XRP price remained in a bearish zone after a close below the $3.120 level, like Bitcoin and Ethereum. The price extended losses and traded below the $3.00 support zone. The price even declined below $2.920. Finally, it tested the $2.850 support zone. A low was formed at $2.850 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $3.095 swing high to the $2.850 low. The price is now trading below $3.00 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.90 level. The first major resistance is near the $2.920 level. A clear move above the $2.920 resistance might send the price toward the $3.00 resistance. There is also a bearish trend line forming with resistance at $3.00 on the hourly chart of the XRP/USD pair. It is close to the 50% Fib retracement level of the downward move from the $3.095 swing high to the $2.850 low. Any more gains might send the price toward the $3.050 resistance. The next major hurdle for the bulls might be near $3.120. More Downside? If XRP fails to clear the $2.920 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.850 level. The next major support is near the $2.80 level. If there is a downside break and a close below the $2.80 level, the price might continue to decline toward the $2.740 support. The next major support sits near the $2.720 zone, below which there could be a larger decline. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.850 and $2.740. Major Resistance Levels – $2.920 and $3.00.
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
WazirX has been trying to get a restructuring plan through the Singapore High Court to start returning funds to users impacted by the $234 million hack in 2024.
Bitcoin is currently trading near $113,000, and according to SkyBridge Capital founder Anthony Scaramucci, the rally has entered a new phase dominated by institutional adoption. In an interview with CNBC, SkyBridge Capital founder Anthony Scaramucci has opened up about the growing role of traditional finance in crypto markets and predicted further upside for Bitcoin by …
Crypto market volatility underscores investor anxiety over potential Fed policy shifts, highlighting broader economic uncertainty and risk.
The post Bitcoin slides, Ether, XRP, Dogecoin move lower ahead of Fed Chair’s final Jackson Hole speech appeared first on Crypto Briefing.
Ethereum price started a downside correction below the $4,350 zone. ETH is still showing some bearish signs and might decline toward the $4,020 support zone. Ethereum started a fresh decline below the $4,350 and $4,220 levels. The price is trading below $4,350 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $4,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $4,120 zone in the near term. Ethereum Price Dips Further Ethereum price failed to recover and started a fresh decline below the $4,550 zone, like Bitcoin. ETH price gained bearish momentum and traded below the $4,350 support zone. The bears were able to push the price below the $4,250 support zone. Finally, the price tested the $4,065 zone. A low was formed at $4,065 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $4,580 swing high to the $4,065 low. Ethereum price is now trading below $4,250 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,185 level. The next key resistance is near the $4,320 level. It is close to the 50% Fib retracement level of the recent decline from the $4,580 swing high to the $4,065 low. The first major resistance is near the $4,350 level. There is also a bearish trend line forming with resistance at $4,350 on the hourly chart of ETH/USD. A clear move above the $4,350 resistance might send the price toward the $4,385 resistance. An upside break above the $4,385 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,500 resistance zone or even $4,550 in the near term. More Downside In ETH? If Ethereum fails to clear the $4,320 resistance, it could continue to move down. Initial support on the downside is near the $4,065 level. The first major support sits near the $4,020 zone. A clear move below the $4,020 support might push the price toward the $4,000 support. Any more losses might send the price toward the $3,850 support level in the near term. The next key support sits at $3,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,020 Major Resistance Level – $4,350
The price of XRP slipped by 5% in the last 24 hours, falling to $2.89. On the surface, it looks like just another dip in a volatile market. But when you zoom out, the charts are painting a bigger picture that could determine XRP’s direction in the weeks and months ahead. A Warning From the …
Chainlink (LINK) has surged nearly 15% in the past week, breaking through a long-standing resistance zone between $25 and $26. Related Reading: Bitcoin Poised For 10x Surge? Analyst Points To Gold’s Playbook At the time of writing, LINK trades around $24.2, marking its highest level in seven months. The move came with strong trading volume, confirming a bullish breakout above the 200-day moving average. Whale accumulation has played a pivotal role in fueling the rally. On-chain data reveals that large holders scooped up 1.1 million LINK, valued at approximately $27 million, mover the past seven days. The top 100 wallets also increased their holdings by more than 12%, signaling renewed confidence from institutional and high-net-worth investors. LINK Wallet Growth Hits 2025 Highs Beyond whale activity, organic network growth has also surged. Analytics firm Santiment reported that nearly 9,600 new LINK wallets were created in mid-August, while daily transfers from active addresses exceeded 9,800, both setting records for 2025. Wallet creation and transaction spikes are widely viewed as indicators of healthy adoption. For Chainlink, these metrics suggest that both retail and institutional demand are rising in tandem, potentially supporting more sustainable price growth. The renewed activity also coincides with the launch of the Chainlink Reserve, a smart contract treasury absorbing tokens from enterprise integrations, which adds deflationary pressure on circulating supply. LINK's price trends to the downside on the daily chart. Source: LINKUSD on Tradingview RWA Growth and $30 Target Chainlink in Focus Chainlink (LINK)’s expanding footprint in the real-world asset (RWA) sector is further driving optimism. The project recently introduced new ETF and equities data feeds, strengthening its narrative as a bridge between traditional finance and blockchain. Partnerships with giants like Intercontinental Exchange and SWIFT continue to reinforce its institutional relevance. Analysts now see $29–$30 as the next major resistance zone. A retest of $20 remains possible if sentiment weakens, but bullish traders argue the momentum is unlikely to fade quickly. Some forecasts even extend mid-term targets to $33–$38, with long-term projections stretching toward $57 and beyond if adoption accelerates. Related Reading: Crypto Braces For Impact As JPow’s Jackson Hole Speech Looms As Chainlink cements itself as the leading oracle provider and expands its role in tokenized markets, investors are asking the key question: Is $30 just the beginning of LINK’s next major bull run? Cover image from ChatGPT, LINKUSD chart from Tradingview
Bitcoin and ether both fell on Tuesday as a result of profit-taking and repositioning ahead of Fed Chair Powell's Jackson Hole speech.
A top Fed official has signaled openness to staff owning crypto, framing it as a step toward better-informed regulation.
Bitcoin price is gaining pace below $115,500. BTC is still showing bearish signs and remains at risk of more losses below the $112,000 zone. Bitcoin started a fresh decline below the $116,500 zone. The price is trading below $115,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $115,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $115,500 resistance zone. Bitcoin Price Dips Further Bitcoin price started a fresh decline after a close below the $118,000 level. BTC gained bearish momentum and traded below the $116,500 support zone. There was a move below the $115,500 support zone and the 100 hourly Simple moving average. The pair tested the $112,500 zone. A low was formed at $112,610 and the price is now consolidating below the 23.6% Fib retracement level of the recent decline from the $124,420 swing high to the $112,610 low. Bitcoin is now trading below $116,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $114,200 level. The first key resistance is near the $115,000 level. There is also a key bearish trend line forming with resistance at $115,400 on the hourly chart of the BTC/USD pair. The next resistance could be $115,500. A close above the $115,500 resistance might send the price further higher. In the stated case, the price could rise and test the $118,500 resistance level. It is close to the 50% Fib retracement level of the recent decline from the $124,420 swing high to the $112,610 low. Any more gains might send the price toward the $120,000 level. The main target could be $121,500. More Losses In BTC? If Bitcoin fails to rise above the $115,000 resistance zone, it could start a fresh decline. Immediate support is near the $112,500 level. The first major support is near the $112,000 level. The next support is now near the $110,500 zone. Any more losses might send the price toward the $110,000 support in the near term. The main support sits at $108,000, below which BTC might take a major hit. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $112,500, followed by $110,500. Major Resistance Levels – $115,000 and $115,500.
Crypto-related stocks tumbled across the board on Tuesday, with Bullish dropping 6.1% and Robinhood losing 6.5%.
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
The Federal Reserve vice chair for supervision, Michelle Bowman, said the central bank should roll back its restrictions that ban staff from buying crypto.
Bitcoin’s drop below $113,000 reflects investors’ worries about the US economy, stock markets and crypto, but the volatility does not end BTC’s long-term bullish trend.
Glassnode's data shows fragile positioning after Bitcoin’s retreat from record highs, while Enflux points to institutional capital and regulatory alignment quietly reshaping the market.
On-chain data shows the Bitcoin sharks and whales have been accumulating during the latest price decline, a sign that could be bullish for the asset. Bitcoin Sharks & Whales Have Bought Over 20,000 BTC In This Dip In a new post on X, on-chain analytics firm Santiment has shared how some of Bitcoin’s key investors have been reacting to the latest volatility in the cryptocurrency’s price. Related Reading: Ethereum Plunges 10% After Smashing Into This Historical Barrier The holders in question are those carrying a wallet balance in the range of 10 to 10,000 BTC. At the current exchange rate of the asset, the former bound converts to $1.1 million and the latter one to $1.1 billion. Thus, the only addresses that would qualify for the range would be the ones owned by the large investors. Such entities can carry some influence in the market due to the size of their holdings, which can make their behavior worth keeping an eye on. These key holders are generally divided into two cohorts: sharks and whales. The whales are much larger than the other, so they hold the most power on the network. Now, here is the chart shared by Santiment that shows the trend in the combined supply of these Bitcoin groups over the last few months: As displayed in the above graph, the Bitcoin supply held by the sharks and whales saw a decline in July, suggesting some of the key investors sold at price levels near the all-time high (ATH). After bottoming a few days ago when BTC set its new ATH above $124,000, however, the metric has found a reversal, suggesting that the sharks and whales have been buying during the price drawdown that has followed. In total, investors falling inside this range have loaded up on 20,061 BTC (worth $2.3 billion) since August 13th. On a long-term scale, the two cohorts have bought a combined 225,320 BTC ($26.1 billion) since March 22nd. “There has been notable correlation between this group’s holdings and the direction of future price movement for the majority of the past five years,” explains the analytics firm. It now remains to be seen whether the same would hold true this time as well, with the shark and whale accumulation potentially leading to another price surge. Related Reading: XRP Dips Under $3: Analyst Warns $2.6 Or Even $2 Could Be Next In some other news, the number of Bitcoin treasury buyers has been falling since its peak earlier in the year, as Capriole Investments founder Charles Edwards has pointed out in an X post. “The number of Bitcoin treasury company buyers continues to fall, now at 2.8 per day despite price hitting ATHs,” notes Edwards. “Is the tradfi cap-raising world reaching saturation, or is this just a dip?” BTC Price At the time of writing, Bitcoin is floating around $115,500, down 3% over the last seven days. Featured image from Dall-E, Santiment.net, charts from TradingView.com
SoFi Technologies will leverage the Bitcoin network under a partnership with Lightspark to better compete in the $740 billion global remittance market.
Ethereum is under pressure as volatility spikes, with the price recently slipping below the $4,300 mark. After weeks of strong momentum and multi-year highs, bulls are now struggling to defend support zones. The loss of this level raises concerns about a potential deeper correction, though fundamentals remain firmly bullish. Related Reading: Ethereum Hits $4,350 Liquidity Pool: Can Demand Hold? Institutional adoption continues to provide strong tailwinds, with major firms increasing exposure to Ethereum through ETFs, treasury strategies, and on-chain accumulation. This steady demand reflects growing confidence in ETH’s long-term role within the digital asset ecosystem. At the same time, Open Interest has been rising sharply, highlighting a surge in speculation and leveraged positioning across derivatives markets. While this can amplify moves in both directions, it underscores the intense battle between bulls and bears at current levels. Market participants now see the coming days as critical for Ethereum’s short-term trajectory. Holding above nearby support could pave the way for a rebound and renewed attempts to challenge the $4,500–$4,800 resistance zone. Ethereum Faces Record Short Position Pressure Ethereum is entering one of its most decisive moments yet, with unprecedented short positioning building up in the market. According to top analyst Ted Pillows, we’re witnessing the biggest leveraged short position on ETH ever recorded. Net leveraged shorts have climbed to 18,438 contracts, marking the biggest bearish bet in Ethereum’s history. This surge in positioning reflects a market bracing for volatility, as traders place aggressive downside bets following Ethereum’s retrace from the $4,790 level. However, Pillows emphasizes that this dynamic could create the perfect storm for a short squeeze. If Ethereum manages to rally from current levels, these bearish positions could quickly unwind, forcing shorts to cover at higher prices and accelerating the rally. Historically, such imbalances have led to explosive upside moves in a short timeframe, catching bears off guard and rewarding bulls with rapid gains. While short-term volatility remains elevated, strong fundamentals — including declining exchange supply, institutional accumulation, and broader adoption trends — continue to support the long-term bullish thesis. For now, all eyes remain on whether the record-short positioning turns into the catalyst for Ethereum’s next breakout. Related Reading: Ethereum Demand Grows As ETFs Break Records With $2.85B Weekly Inflow ETH Technical Details: Testing Demand Level Ethereum is currently trading at $4,284, showing signs of volatility after its recent decline from the $4,800 region. The 4-hour chart highlights how ETH has struggled to reclaim momentum, with price now testing a key support zone around the $4,200–$4,250 range. This level is crucial because it aligns with the 100-day moving average (green line), which has acted as dynamic support during previous pullbacks in this rally. The price structure shows that bulls remain active but are under pressure. After weeks of consistent gains, Ethereum is now experiencing heavier selling volume, as visible in the recent red bars on the chart. However, the broader trend remains bullish as long as ETH holds above the 200-day moving average (red line), currently sitting below $3,920. Related Reading: Bitcoin SOPR Shows Potential Entry Zones: Short-Term Holders Face Pressure A breakdown of $4,200 could expose ETH to further downside toward $4,000 or even $3,900 in the short term. On the other hand, if buyers defend this zone, Ethereum could attempt another rally to retest resistance levels around $4,500–$4,600. Featured image from Dall-E, chart from TradingView
Lombard is launching the BARD token community sale on Buidlpad, raising $6.75 million at a $450 million valuation.
Crypto and related stocks are sliding as traders brace for the July FOMC meeting minutes and Powell’s Jackson Hole speech, fearing a hawkish Fed stance.
Bitcoin (BTC) fell to $114,386 earlier today, triggering nearly $300 million in liquidations over the past 24 hours as investor confidence in the asset remains shaky. Still, rising spot trading volumes offer a glimmer of hope that BTC may now be entering an accumulation phase. Is Bitcoin In The Accumulation Phase? According to a CryptoQuant Quicktake post by contributor Amr Taha, Binance’s BTC spot trading volume surpassed $6 billion on August 18 – one of the most significant spikes this month. Taha noted that such sudden spikes typically signal increased participation from institutional investors and large traders, along with some retail activity looking to capitalize on heightened volatility. Related Reading: Bitcoin Falls Below $115,000 As Binance Buying Power Ratio Collapses It’s worth noting that the surge in Binance spot volume coincided with BTC’s drop below $115,000 – a movement that can serve as a leading indicator of a potential reversal in price momentum. Historical data suggests that strong spot buying during price dips often reflects traders stepping in to accumulate BTC at discounted prices. This dynamic can ease selling pressure and lay the foundation for a rebound if demand persists. Taha also highlighted that the increase in Binance spot volume occurred alongside a decline in the Binance Whale-to-Exchange Flow, which fell from $6.4 billion to $5 billion – a $1.4 billion drop in whale transfers to Binance over the past week. This reduction in whale deposits suggests fewer large holders are sending BTC to exchanges for potential selling, a trend generally considered bullish. Taha concluded: Bringing these elements together – a surge in Binance spot volume, rising demand during a price dip, and a decline in whale deposits – the market is showing early signs of stabilization. If accumulation continues at current levels, Bitcoin has a solid chance to recover and retest higher resistance levels in the near term. From a technical perspective, crypto analyst Titan of Crypto noted that BTC is still following its weekly trendline. If the trend holds, BTC could target $130,000 in the coming weeks. Warning Signs For September While Taha suggests BTC may currently be in an accumulation phase with the possibility of a trend reversal in the coming months, other analysts remain cautious. Crypto analyst Josh Olszewics warned that BTC must survive a “brutal September” before any meaningful rebound can occur in Q4 2025. Related Reading: Bearish Case For Bitcoin: Analyst Warns Macro Top Is In Similarly, CryptoQuant contributor BorisVest cautioned that the next 1–2 weeks may bring heightened selling pressure for the top cryptocurrency by market capitalization. At press time, BTC trades at $115,489, down 0.1% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com
Celsius, a defunct cryptocurrency lending platform currently undergoing a court-approved reorganization plan, has announced the commencement of the third funds distribution to creditors. According to the announcement, Celsius will distribute $220.6 million to creditors through the approved methods. After distributing 93 percent of the funds owed to creditors last year, Celsius will begin distributing the …
Traditional crypto startup VC rounds total just 856 deals in 2025, compared to 1,933 in the same period last year.
Brazil’s Chamber of Deputies Economic Development Commission will hold its first hearing on Aug. 20 to examine a proposal to establish a Bitcoin Strategic Reserve (RESBit) worth up to $18.6 billion. As Agência Câmara de Notícias reported, the 3 P.M. ET session will gather technical perspectives on Bill 4501/24, which seeks to modernize Brazil’s treasury […]
The post Brazil to hold first hearing on proposed $19 billion Bitcoin Strategic Reserve appeared first on CryptoSlate.