China’s commerce ministry says its Oct. 9 rare-earth export controls are lawful security steps, not bans, and that eligible civilian exports will be licensed.
Discover hidden crypto gems using ChatGPT: GPTs, sentiment insights and data-driven scanners for smarter research and trading.
Bitcoin prices are consolidating around $111,000 following the heavy market losses on October 10, due to a trade war between the US and China. The asset’s price is presently down by 9.45% on its weekly chart and also 12.16% away from its all-time high amidst this corrective phase. Related Reading: Bitcoin Whale Activity Reflects Sustained Confidence As $163K Comes In Sight — Details Bitcoin Logs First Negative Apparent Demand Flip Since July In an X post on October 11, popular market analyst Ali Martinez shares on-chain data that shows that Bitcoin’s apparent demand has recently flipped into negative territory for the first time in three months, suggesting a short-term cooling in investors’ appetite. For context, the apparent demand measures the net amount of Bitcoin being accumulated by active holders. In simpler terms, it reflects how much of the Bitcoin supply is being reactivated or moved relative to how much is newly created. A positive reading generally indicates growing market demand and accumulation, while a negative value suggests reduced appetite or selling pressure. Data from on-chain analytics firm CryptoQuant shows that as of October 8, Bitcoin’s 30-day apparent demand has dropped to -13,707 BTC. This development marks the first negative reading since July, when the metric last turned red before rebounding strongly alongside Bitcoin’s summer rally. Throughout August and September, Bitcoin’s apparent demand remained firmly positive, even as prices moved between $108,000 and $122,000, suggesting steady accumulation. However, the latest data shows a sharp reversal. The drop into negative territory could mean that long-term holders have started realizing profits or that buying momentum has temporarily slowed as traders assess the macro environment. Interestingly, the macro environment has also become a growing concern for investors, as the United States and China appear poised for a renewed tariff standoff. Notably, US President Donald Trump has announced plans to impose a 100% tariff on all Chinese imports, following China’s proposal to introduce a sweeping export tax on several key goods. Given the historical reaction of market price to tariff news seen during the early days of Trump’s administration, investor sentiment may remain subdued if this trade showdown persists, with many likely adopting a cautious stance until a clearer policy direction emerges. Bitcoin Price Overview At the time of writing, Bitcoin trades at $111,800, reflecting a 0.47% decline over the past 24 hours. On a monthly basis, the asset is down 3.06%, underscoring the intensity of the current corrective phase in the market. Related Reading: Dogecoin Price Taps IMB Zone – What This Means And Where The Price Is Headed Featured image from iStock, chart from Tradingview
XRP has been through a rollercoaster over the past few days, tumbling in a crash alongside the rest of the crypto market. The crash drove XRP’s price to a flash low of $1.64 before it recovered to $2.36, with volumes surging 164% above the 30-day average. This flash crash created a notable downside wick on XRP’s price chart, which, according to a technical analyst, is reminiscent of a 2017 price structure that suggests that the cryptocurrency is about to enter into a massive rally. XRP 2017 And 2025 Setup Shows Striking Similarities XRP’s recent flash crash has grabbed the attention of a crypto analyst known as ChartNerd on the social media platform X. The analyst drew parallels between XRP’s 2017 price structure and its current 2025 setup. The post included two charts that show similar pre-euphoria wicks that previously led to XRP’s most explosive bull run in 2017. Related Reading: XRP Traders Face Fresh Selling Pressure As Large Holders Move Out Back in 2017, XRP’s price action saw a sharp pre-euphoria wick to the downside that wiped out 58% of its value. This wipeout was very short, however, as the coin eventually went on a 5,361% surge to new all-time highs. The rally played out over months and saw the XRP price go from around $0.007 to its then all-time high of $3.40 in 2018. It would seem the most recent price crash has led to the creation of a downside wick that mirrors the 2017 one exactly. After the marketwide crash, the token rebounded from lows around $1.60 to trade above $2.30, pointing to a possible recovery phase that might resemble the start of its 2017 exponential rise. XRP 2017 vs. XRP 2025. Source: @ChartNerdTA on X What Does This Mean For XRP? The similarity between 2017 and the current setup provides a bullish outlook for the altcoin within a landscape that’s currently full of bearish momentum. The analyst noted that the $2.40 and $2.00 zones now act as XRP’s important support lifeline, and holding this range could pave the way for an upward trajectory to new price highs. If XRP repeats the 2017 rally, the price target based on current price levels would be around $13.5. Replicating such a move in 2025 would require more inflows than the 2017 rally. These inflows can only come through participation from institutional investors, which will be slowly rebuilding after recent marketwide volatility. An important factor that could fast-track this process is the approval and launch of Spot XRP ETFs. The approval of such ETFs has already been widely speculated within the XRP community, and their introduction will undoubtedly open up the cryptocurrency to institutional investors. Related Reading: A 5% Bitcoin Drop In October? History Shows That’s Rare At the time of writing, XRP is trading at $2.38, down by 22% in a seven-day timeframe. If it follows the 2017 playout to the core, XRP might spend some weeks consolidating around its current price levels before it embarks on this projected rally. Featured image from Pexels, chart from TradingView
XRP price is currently down and is trading below $2.50. However, XRP faces two main factors that could shape its price over the next 12 months: possible ETF approval and growing corporate interest in holding XRP. ETF Approval Could Bring More Liquidity Analyst Crypto Sensei said the market is awaiting for spot XRP ETFs. Approval …
An investigation has tied the Hyperliquid whale controlling over 100,000 BTC to Garrett Jin, the ex-BitForex CEO whose exchange collapsed amid fraud probes.
The Ethereum price has struggled to mount any significant bullish pressure since hitting the all-time high of $4,946 in August. The bullish momentum of the second-largest cryptocurrency has mostly waxed and waned, reaching the $4,750 high twice in the past few weeks. After running up to this local peak on Tuesday, October 7, the Ethereum price has been on a steady descent in recent days. This bearish pressure intensified on the close of the week, with the ETH price falling towards $3,700 due to United States President Donald Trump’s tariff imposition on China. Interestingly, a recent technical outlook still points to a possible journey to the $5,000 mark for the altcoin. Major Technical Resistance Levels To Watch In a new post on the X platform, pseudonymous crypto analyst Darkfost revealed that the Ethereum price might be looking to enter a new phase—that could see it touch $5,000— over the coming weeks. According to the analyst, the altcoin’s value might have reached a bottom of its current phase (wave 4) after the Trump Tariff-induced market downturn. Related Reading: Dogecoin Price Taps IMB Zone – What This Means And Where The Price Is Headed Darkfost highlighted that the price of Ethereum found support at the 200-day exponential moving average (EMA) around the $3,500 level on the daily timeframe. This exact region had once been identified as an attractive Dollar-Cost Averaging (DCA) entry area, the analyst added. Furthermore, Darkfost emphasized the strong bearish sentiment across the market, as shown by the relative strength index dropping below the 50 threshold. However, the crypto pundit believes that investors can watch for a positive reaction and whether the bullish momentum can kickstart the “wave 5,” despite the potential resistance at the 50 RSI mark. Darkfost also noted that the 21-day and 50-day EMAs will act as a significant resistance zone for the Ethereum price around the $4,250 zone on the daily timeframe. Evaluating the position of these exponential moving averages aligns perfectly with ETH’s potential RSI recovery above the 50-mark threshold. According to the crypto analyst, the Ethereum price could finally make its way to the widely anticipated $5,000 level if it manages to overcome these significant barriers. Ethereum Price Overview According to data from CoinGecko, the price of ETH is currently adrift the all-time high of $4,946 (attained about 2 months ago) by more than 24%. This gives a picture of the journey the second-largest cryptocurrency would need to travel to reach the highly coveted $5,000 level. As of this writing, the price of Ethereum stands around $3,741, reflecting an over 4% decline in the past 24 hours. The altcoin’s record is even worse on the weekly timeframe, having lost more than 16% of its value in the last seven days. Related Reading: Satoshi-Era Bitcoin Whale Shorted $1.1B Before Tariff News — Insider Tip? Featured image from iStock, chart from TradingView
Satoshi’s $100-billion Bitcoin hoard remains untouched. In case it enters the market, it might have unexpected outcomes.
The crypto market plunge on Friday was partly due to crypto traders reaching an “all-time impatience” with the market, says crypto trader Alex Becker.
The Bitcoin market suffered a heavy crash on Friday after US President Donald Trump confirmed plans to place a 100% tariff on Chinese goods. The planned order, which was in response to an initial export tax order by the Asian superpower, shook financial markets globally, resulting in total crypto liquidations of $19 billion. However, the market has stabilized in the past few hours with Bitcoin prices now consolidating around $111,000. While investors await the next price movement, a prominent analyst with the X username PlanD has shared two important conditions for the next bullish wave. Related Reading: Bitcoin Price Drops Toward $117,000: What Lies Ahead? Three Possible Scenarios 2 Important Bitcoin Levels To Watch – Analyst In a recent X post on Saturday, PlanD shares an updated technical analysis of the Bitcoin market following recent volatility in the market. The analyst explains that the macro-induced crash on Friday resulted in a heavier market correction than expected, pulling prices to around $109,600. Notably, this region, which is the lower boundary of a symmetrical triangle on the daily chart, acted as an effective price support, confirming the technical bottom of the price crash. Importantly, PlanD notes that the recent price drop does not signify a break in Bitcoin’s broader bullish trend, but rather serves to flush out excessive altcoin leverage in the futures market. In addition to the symmetrical triangle pattern, the Bitcoin chart also presents a bull flag pattern, both of which are bullish formations that remain valid. With excessive leverage cleared and funding rates normalizing, Bitcoin could regain stability and attract buying interest that could launch another upswing. However, the crypto analyst explains that one critical condition to maintaining this bullish structure is that Bitcoin bulls must maintain price above the psychological support level of $109,600. Thereafter, the premier cryptocurrency must also reclaim a key resistance zone $115,900 – $117,000, thereby reinforcing its bullish intent and the viability of both bullish formations. In this case, PlanD tips Bitcoin to race to the symmetrical triangle price target at $134,000 and the bull flag target at $160,000, respectively, representing a potential price gain of 21% – 45%. Related Reading: XRP Leading A $400 Trillion Revolution? How Ripple’s Tokenization Campaign Is Sparking Utility Bitcoin Price Overview At the time of writing, Bitcoin trades at $111,700 following a 0.31% price fall in the last day, following the recent flash crash. Meanwhile, the asset’s daily trading volume is down by 49.75% and valued at $88.74 billion. PlanD is backing Bitcoin’s long-term bullish potential, having described the macro-induced crash as a “precursor” to a major price takeoff, as seen in March 2020. With a market cap of $2.21 trillion, Bitcoin retains its rank as the largest cryptocurrency with a market dominance of 58.2%. Featured image from Flickr, chart from Tradingview
The cryptocurrency market has been in turmoil, and XRP has not been spared. After days of heavy selling, XRP is now trading at $2.37, down sharply from its recent high of $3.18. The token even touched a low of $1.53, leaving many wondering whether this is a golden buying opportunity or the start of a …
The cryptocurrency market suffered a massive wipeout, erasing nearly $800 billion in value within 24 hours. Around $19.2 billion in leveraged positions were liquidated as panic spread across exchanges. Bitcoin plunged to $110,951, marking a 16% drop, while Ethereum slipped to $3,795, down more than 12%. The total crypto market capitalization fell to $3.69 trillion, …
The US-China talks will “be central” to crypto traders’ market moves in the short-term, sentiment platform Santiment said.
According to CRYPTOWZRD in a recent post, both Ethereum and ETH/BTC closed the session on a bearish note but quickly recovered, showcasing ETH’s resilience and renewed buyer confidence. He noted that a move above $4,000 would be a crucial development, potentially marking a key turning point for Ethereum’s momentum. Bearish Daily Close Mirrors Bitcoin’s Market Direction CRYPTOWZRD further explained that Ethereum and ETH/BTC’s daily candle bearish close followed Bitcoin’s lead. Despite the negative close, Ethereum displayed relative strength compared to most other cryptocurrencies, maintaining a more resilient structure amid the decline. This reflects the asset’s continued dominance in the altcoin market. Related Reading: Ethereum Turns Bullish After Multi-Year Breakout — $7,000 May Be Imminent He noted that ETH/BTC has now reached its key support target zone. The market’s behavior around this level will be crucial in determining whether Ethereum is preparing for a rebound or remains at risk of deeper consolidation. A recovery toward $4,170 remains possible if Ethereum can hold this support region and sustain its current stability. The analyst highlighted that a move back above $4,000 would serve as an encouraging signal, validating a successful retest of the lower support area. Such a move could reignite bullish sentiment and set the stage for renewed upside momentum in the short to mid-term. However, CRYPTOWZRD cautioned that Bitcoin’s price movement will continue to dictate the broader market trend. Heading into the weekend, the analyst acknowledged that the market remains unpredictable, with both bullish and bearish scenarios still in play. His current focus, he stated, will remain on monitoring lower time frame chart formations to identify potential scalp opportunities. Extreme Volatility Hits As Market Faces Major Liquidation Event In his conclusion, CRYPTOWZRD noted that the intraday chart for Ethereum showed extreme volatility as the market experienced one of the most intense liquidation events in its history. Despite the turbulence, he emphasized that reclaiming the $4,000 level places Ethereum back in positive territory. Related Reading: Ethereum Faces TD Sell Signal At Key Resistance—$4,100 Next? He explained that a retest of the $4,260 intraday resistance could serve as a key turning point in the short term. This zone will be crucial in determining whether Ethereum can sustain its recovery or faces renewed downward pressure. If price action shows weakness after testing this level, it may open the door for short opportunities as momentum begins to fade. CRYPTOWZRD added that he remains open to both bullish and bearish scenarios, acknowledging that weekend trading often brings slower volatility and unpredictable market behavior. With that in mind, he stated that he will continue to monitor price movements, waiting for the next clear trade setup to emerge before making any decisive moves. Featured image from Getty Images, chart from Tradingview.com
Jonathan Man outlines a $20 billion liquidation day, long-tail air pockets and a positioning reset that left markets on different footing by Saturday.
Dogecoin has plunged violently over the past 24 hours, shedding a large chunk of its value in a brutal correction across the entire crypto market. What looked like a hold above $0.25 turned into a fast breakdown that dragged the Dogecoin price to as low as $0.148 within 24 hours. However, technical analysis from crypto analyst Kaleo shows Dogecoin is ready to hit new all-time highs. In a post on X, he doubled down on a remarkably bullish prediction, stating that $6.90 is a “magnet” for Dogecoin. Related Reading: Bitcoin Who? XRP Leads Coinbase Search Charts, Beating The Giants Dogecoin Chart Tells The Story In his post on the social media platform X, Kaleo noted how members of the crypto community are increasingly waking up to see how primed Dogecoin is to reach higher levels. The chart accompanying Kaleo’s post shows the historical pattern that Dogecoin has followed after previous Bitcoin halvings. Each halving has always been followed by years of massive upside moves in Dogecoin’s price, with the meme coin breaking out of long-term descending resistance lines to record exponential gains. Examples shown in this chart are the 2017 and 2021 explosive price surges. Kaleo suggested that the current market phase mirrors the same structure seen just before the 2021 bull run, when Dogecoin broke above a key lower-high resistance from its previous all-time high. This moment is illustrated on the chart with the label “We are here.” Dogecoin Price Chart. Source: @CryptoKaleo on X The $6.90 Magnet: Kaleo’s Logic Behind The Forecast Kaleo acknowledged that the projection of a $6.9 Dogecoin price target might sound a little too bullish, but his logic is based on the logic of market cap math. In his post, he explained that his projection for Bitcoin this cycle is to surpass $500,000. If Bitcoin surpasses $500,000 as expected, it would translate to a $10 trillion market capitalization. This sheer amount of inflow would flow into the rest of the crypto market, and Dogecoin could theoretically reach 10% of Bitcoin’s valuation, just as it did during the 2021 mania. That ratio implies a $1 trillion market cap for Dogecoin, which is equivalent to a $6.94 price per token based on the current circulating supply. Dogecoin’s recent price crash has complicated this bullish narrative. Instead of confirming an imminent breakout, the meme coin has fallen below the $0.25 support level. At the time of writing, Dogecoin is trading at $0.1971, down by 21.4% in the past 24 hours and having reached an intraday low of $0.1489. Related Reading: Sinking In Minutes: Binance Alpha Token Plunges 99% In Shocking Price Meltdown The breakdown looks like the kind of market-wide liquidity flushes often seen before major reversals. Yet, it also risks extending Dogecoin’s bearish structure and delaying any breakout if the price fails to recover quickly. Right now, recovery above $0.25 is important for bulls to rebuild bullish momentum. Featured image from Unsplash, chart from TradingView
Bitcoin’s $16,700 drop on Friday triggered $5B in futures liquidations, exposing a fragile market structure and renewed volatility despite this year’s spot BTC ETF-driven optimism.
Bitcoin appears to be quietly gathering strength beneath the surface. After a healthy pullback that shook out weak hands, the market is showing signs of renewed momentum. Key technical signals suggest this correction may have been a setup for the next major rally, potentially paving the way for a new all-time high. Healthy Correction Within A Dominant Uptrend EtherNasyonaL, in a recent post, highlighted that Bitcoin continues to maintain its upward trajectory despite recent market fluctuations. The analyst described the latest movement as a healthy correction within the broader bullish trend, emphasizing that such retracements are natural in a sustained rally. Related Reading: Bitcoin Pauses Below Key Levels – Can It Regain Momentum For A Rally? Following a rejection from the supply zone, Bitcoin found strong support at a key demand area, where buyers quickly stepped in to defend the price. This rebound underscores the underlying strength of market participants and reaffirms that bullish sentiment remains dominant. EtherNasyonaL noted that short-term volatility, for traders not involved in leveraged positions, often appears as noise in the bigger picture. BTC’s macro trend is still positive, and the ongoing correction may simply serve as fuel for the next leg higher. Overall, Bitcoin’s structure remains solid, with its trend intact and momentum still alive. Bullish Spring Formation Points To Possible Breakout Setup Crypto analyst Christopher Inks, in an X post, noted that Bitcoin’s latest price action has refined its trading range, offering a clearer market structure. He suggested that the asset may have just formed a heavy spring or bullish Swing Failure Pattern (SFP), a setup that often precedes strong upward movement. Related Reading: Here’s Why The Bitcoin Price Crashed After Hitting $125,700 All-Time High If this bullish setup holds, the analyst expects a validation phase, where Bitcoin could form a higher low on lower volume, a classic sign of successful testing. Such a move would confirm the spring’s strength and potentially trigger momentum toward a new all-time high (ATH). This phase is critical in determining whether the next major rally is about to begin. Inks also pointed to Open Interest (OI) as a key confirmation tool. A decline in open interest as price consolidates would suggest short covering and validate the bullish test. On the other hand, rising OI on lower closes would imply continued distribution, signaling that the market may need more time before reversing decisively. From an Elliott Wave Theory (EWT) perspective, Inks identified a three-wave structure from the swing low while printing a new swing high that fits a flat correction pattern. Since flat corrections often occur before the continuation of a larger uptrend, this analysis aligns with the Wyckoff interpretation, suggesting Bitcoin’s structure remains strong and poised for another upward leg. Featured image from Pixabay, chart from Tradingview.com
Doug Colkitt’s explainer details a backstop that trims winners, ranks accounts by profit leverage and size, and keeps zero-sum markets solvent under stress.
The crash was caused by a perfect storm of short-term factors, causing $20 billion in liquidations — the worst 24-hour drain in crypto history.
The selling in Bitcoin and altcoin is not over yet, but data suggests that the nature of the CME Bitcoin and equities futures market open on Sunday will determine the direction BTC price takes.
The Dogecoin price has reached a key point on the charts, tapping into the Imbalance Zone (IMB) around $0.24. This area now stands as a potential pivot point that could determine whether the popular meme coin rebounds toward $0.27 or continues its decline. Analysts are watching the zone closely, suggesting it could be a make-or-break moment for Dogecoin’s short-term structure. Dogecoin Price Holds IMB Zone As Bulls Eye $0.27 Crypto analyst ‘Blockchain Baller’ disclosed on X social media on Thursday that Dogecoin has “tapped the IMB zone after a clean manipulation and structure break,” signaling the potential end of a corrective phase. At the time, the analyst’s 4-hour chart showed DOGE hovering around the $0.235 – $0.245 region—an area that historically acts as a liquidity zone where price inefficiencies often get filled before a move higher. Related Reading: Sinking In Minutes: Binance Alpha Token Plunges 99% In Shocking Price Meltdown Blockchain Baller asserts that manipulation and structural breaks are both classic signs that the market may be preparing for a reversal. The analyst notes that price has reacted multiple times in the same region, showing that buyers are stepping in to defend the zone. The chart analysis also highlights the zone between $0.235 and $0.245 as the critical decision point for DOGE bulls. If price climbs back to this level and holds it as support, Blockchain Baller predicts a short-term rebound toward the $0.26 – $0.27 range. For a bullish confirmation, the analyst suggests that the price would need to break above “short-term resistance“ with increasing momentum. For now, Dogecoin’s immediate path seems to depend on how it reacts to the IMB zone. Blockchain Baller has indicated that a strong bounce could mark the beginning of a new impulsive leg, while a breakdown below $0.235 could temporarily delay recovery. Dogecoin Price Targets $6 Amid Market Decline On a broader timeframe, crypto market expert Kaleo has pointed out that Dogecoin’s market structure is gradually positioning itself for a major upward move. His long-term chart analysis draws striking parallels between DOGE’s current price action and the previous cycles observed before each Bitcoin halving event. In the past, Dogecoin has consistently broken out from long-term descending triangles shortly after a Bitcoin halving, leading to explosive price rallies. Kaleo’s chart shows DOGE’s past rallies from similar formations produced gains of over 20,000% in 2021 and 30,000% in 2027. Dogecoin’s price action currently mirrors these exact setups, suggesting that its price could be preparing for a historic move again. If history repeats, Kaleo has set DOGE’s long-term target at $6.9, representing a 3,530% increase from current levels around $0.19. Related Reading: Bitcoin Who? XRP Leads Coinbase Search Charts, Beating The Giants Interestingly, the analyst’s forecast comes just after a sharp daily crash saw Dogecoin drop about 60% at its lowest point. Market expert Kevin noted that the fall was too extreme to be retail-driven, hinting at systemic exchange failures across Binance, Coinbase, and Robinhood, which temporarily restricted buying during the dip. Featured image from Unsplash, chart from TradingView
The firm may still opt to remain private as discussions are ongoing, people familiar with the matter told Bloomberg.
Some altcoins lost over 95% of their value during Friday’s crash, which triggered the most severe and rapid liquidations in crypto history.
“Number go up” is not a retirement strategy. Long-term planning needs explicit assumptions, clear knobs to turn, and a way to translate a BTC balance into annual spending power. CryptoSlate’s Bitcoin retirement calculator does exactly that, marrying a transparent price path with macro toggles and two spending frameworks so you can think in dollars, years, […]
The post How much Bitcoin will you need to retire? This new calculator will tell you appeared first on CryptoSlate.
New research shows language models mirror human gender patterns in decision-making, with some AIs dramatically changing their risk tolerance based on whether they're prompted to think as male or female.
Bitcoin began October on a strong bullish note, gaining by over 12% to establish a new all-time-high price around $126,100. However, the recent days have presented a troubling amount of selling pressure, especially in the last few hours due to tariff threats from the United States’ President Donald Trump. Amidst this highly volatile environment, on-chain data has also surfaced, highlighting market whales’ confidence in the market. Related Reading: Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9, Signaling $130K Target Zone Bitcoin Whales Are Holding Their Ground In a QuickTake post on the CryptoQuant platform, a market analyst with the username PelinayPA revealed that there is very little exchange activity among the Bitcoin whales despite the recent fall in Bitcoin’s price. The premier cryptocurrency initially fell below $120,000 on Friday to find support around $116,000 before US President Donald Trump’s statement on tariffs forced a flash crash to around $101,000. Notably, PelinayPA’s report was based on the Exchange Whale Ratio (EWR), a Binance metric, which tracks the proportion of BTC inflows to the exchanges originating from the top 10 largest addresses. This metric is useful, as it helps analysts assess if large investors are creating increased sell pressure or easing off on the bearish momentum. A high EWR reading, of values above 0.5, typically indicates high whale inflow to exchanges, either to sell their holdings or exchange for other crypto assets. By extension, increasing exchange activity reflects on price as a boost to its bearish momentum. On the flip side, when the EWR is low, less than 0.3, it usually means that there is low whale activity across exchanges and less of the cryptocurrency is being traded by its top holders. Interestingly, this conjecture is backed by historical occurrences. Before the 2021 bull market top, PelinayPA notes that EWR spikes were indicating that whales were preparing to sell their holdings. Nearing the end of the 2022 bear market, it is also worth noting that EWR levels were sustained beneath 0.3, showing accumulation and preparation for a bullish run. The analyst also pointed to the EWR levels from 2024 to 2025. From 2024, “as Bitcoin’s price climbed above $100,000, EWR stabilized around 0.3 and showed fewer sharp surges,” indicating that whales might have been maintaining their positions rather than selling off their holdings. Currently, the EWR levels still stand at 0.3, amidst recent price drops reflecting the Bitcoin whales’ holding a “neutral to supportive” stance with no indication of heavy scale distribution. Related Reading: Dogecoin (DOGE) Holds Key $0.25 Level as New ETF and Whale Activity Spark Breakout Hopes What Next For Bitcoin? Looking ahead, Bitcoin’s next move will likely hinge on how traders respond to shifting macroeconomic conditions and key technical levels. If the EWR rises toward the 0.5 zone, it could indicate growing distribution pressure, meaning that whales may begin transferring holdings to exchanges in anticipation of a market top. However, if EWR trends lower instead, it would reinforce the current bullish structure, showing that major holders are keeping coins off exchanges and maintaining confidence in the rally. PelinayPA predicts this sustained low EWR would push Bitcoin toward the $163,000 range. Nevertheless, investors may commence profit-taking around $150,000, which represents a psychological resistance. As of press time, Bitcoin is worth $110,517, with a significant loss of nearly 8.36% in value in just 24 hours. Featured image from Pexels, chart from Tradingview
Coinbase is planning to launch an Amex card whose design and rewards program are aimed squarely at bitcoiners — or those who want to become one.
USDe recovered quickly, and Ethena Labs confirmed that the mint and redeem functionality remained operational, with the stablecoin remaining overcollateralized.
The traders are suspected of trading on Binance and hiding their gains from India's tax authority, which has high taxes on crypto trades and gains.