The SEC's latest guidance on cryptocurrencies will lead to increased institutional capital flowing into crypto ETFs, one analyst said.
Pi Network has rolled out its full Mainnet upgrade to Protocol 20, unlocking support for programmable smart contracts that can power decentralized apps, NFTs, escrow systems, and subscription services. Launched in 2019 by Stanford founders Nicolas Kokkalis and Chengdiao Fan, the network now has 17.7 million verified users. After exchange listings, including Kraken, Pi trades …
On-chain data shows the Bitcoin short-term holders have responded to the latest price rally by participating in profit realization. Bitcoin Short-Term Holders Have Shown A Realized Profit Spike In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Realized Profit for the Bitcoin short-term holders. The Realized Profit here refers to an indicator that measures, as its name suggests, the total amount of profit being harvested by BTC investors through their transactions. The metric works by going through the transfer history of each coin being moved on the network to see what price it was transacted at prior to this. If the previous selling price was less than the latest spot price for any token, then that particular coin’s current transaction is leading to the realization of some net gain. Related Reading: Cardano Chop Nearing End? Here’s The Key Resistance To Watch The exact degree of profit involved in the move is naturally equal to the difference between the two prices. The Realized Profit adds up this difference for all profitable moves on the blockchain. In the context of the current topic, the Realized Profit of only a segment of the market is of interest: the short-term holders (STHs). This group includes the BTC investors who purchased their coins within the past 155 days. The STHs are generally considered to represent the fickle-minded side of the market, with its members tending to show some reaction whenever market volatility emerges. During the last few days, Bitcoin has seen a recovery surge beyond the $74,000 level and it would appear that the STHs have reacted to it as well. As displayed in the above graph, the 12-hour moving average (MA) of the Bitcoin STH Realized Profit spiked to a value of $18.4 million per hour alongside the price rally. Since the profit-taking spree has arrived, the cryptocurrency’s surge has stalled. “Consistent with the pattern observed over February, where short-term holders continue to exhaust each rally at the +$70k level, absorbing momentum before any breakout can develop,” explained Glassnode. It now remains to be seen whether Bitcoin can overcome the profit realization pressure from the STHs this time around or if the rally’s fate will be similar to other recent attempts at recovery. Related Reading: Dogecoin Surges 6% As Whales Scoop Up 470 Million DOGE In some other news, the crypto Fear & Greed Index has just returned to the fear territory, breaking a long streak of extreme fear in the market. The uplift in sentiment suggests that the price rally has renewed some degree of optimism among traders, although with the index still at a value of 28, the market mood remains quite bearish. BTC Price Bitcoin broke above $75,000 during the price surge, but it has since returned to $74,300. Featured image from Dall-E, chart from TradingView.com
Cardano has taken a major leap as LayerZero officially integrated the network, connecting it to over 160 blockchains. For years, Cardano operated largely in its own ecosystem, but this move opened the doors to major networks like Ethereum, Solana, and Aptos. The development marks the largest interoperability rollout in Cardano’s history, shifting its position from …
Online shopping was the leading real-world use case for crypto among Australians, followed by paying for services such as freelancing and video game purchases.
Hyperliquid’s permissionless HIP‑3 derivatives market has set a fresh record with open interest topping $1.43 billion, highlighting strong trader demand for decentralized perpetual futures. Notably, the WTI crude oil contract logged about $1.39 billion in 24‑hour volume, placing it behind only Bitcoin in activity and ahead of Ethereum. Recent trends show most of Hyperliquid’s top 30 active …
A cross-party committee has warned that cryptocurrency donations leave UK politics open to foreign interference.
The Senate Banking Committee has been looking to advance its crypto market structure bill since postponing a markup in January.
Bitcoin (BTC) is currently hovering above the recently breached $74,000 resistance, positioning to reclaim price levels not seen since the fourth quarter of last year. However, this week’s activity is set to be turbulent, with market expert Virtual Bacon predicting it could be the “most volatile week in Bitcoin all year.” Bear Market Prevails In a report shared on social media platform X, Virtual Bacon noted that, although the current Bitcoin price uptrend is optimistic, significant challenges remain. The critical 200-day simple moving average (SMA) sits at $93,000, while the 50-week SMA is around $98,000. The last lower high resistance is pegged at $94,000, creating a confluence of resistance in the $93,000 to $98,000 range. Related Reading: Bitcoin Returns To Full Bull Mode: Key Indicators Signal Bottom And Major Relief Rally Simply said, there is a 15% downside risk to support levels in the low $60,000 zone, against a 30% upside potential to resistance. Virtual Bacon emphasized that the chances of a rejection back into the previous range outweigh the possibility of a full breakout into a bull market. “This isn’t me being bearish,” he stated, emphasizing that the analysis is grounded in numerical realities. “We remain in a bear market until BTC decisively breaks above the $94,000 to $98,000 resistance.” Market Volatility Expected This Week Virtual Bacon’s concern regarding the expected volatility this week is attributed to several volatility catalysts. The first is the Federal Open Market Committee (FOMC) meeting taking place from March 18-19. There is a 99.1% likelihood of no interest rate cuts. However, the expert believes that any comments from Federal Reserve Chair Jerome Powell—particularly concerning hawkish stances influenced by oil-driven inflation—could trigger a hard market sell-off. Furthermore, the expiration of quarterly Bitcoin options on the same day enhances the potential for dramatic market movements. Current options data indicates heavy open interest clustered around the $74,000 to $75,000 range, suggesting that prices may stay constrained near this level until Friday’s expiry. Virtual Bacon noted that, if the Bitcoin price moves above $75,000, it could surge toward $80,000. However, if it drops below $70,000, it may amplify the downward trend. The ongoing geopolitical tensions surrounding oil prices could further complicate market conditions. The expert contended that if oil prices approach $120, combined with FOMC and quadruple witching events, the market could experience significant instability. Two Scenarios For Bitcoin In the expert’s view, there are two main scenarios to consider by the end of the week. The first, a potential breakout, would see Bitcoin hold above the $75,000 mark through Friday’s expected volatility. He said that this could facilitate a move toward $80,000 and set the stage for renewed bullish sentiment as the market looks for recovery toward the critical resistance levels of $94,000 to $98,000 in the second quarter of the year. Related Reading: Circle (CRLC) Boosted By USDC Demand: New Analyst Projections Suggest Rally To $136 The second scenario involves a rejection at the $75,000 resistance level, leading to a post-expiry drop back into the $63,000 to $70,000 range. Virtual Bacon concludes that if such a decline occurs, the S&P 500 could break below its 200-day SMA, and oil prices could escalate, pushing Bitcoin back into prolonged bear market conditions, with scenarios suggesting prices could fall as low as $58,000 or even $43,000. Featured image from OpenArt, chart from TradingView.com
XRP is trading around $1.50, just above a key options cluster at $1.40 on Deribit.
Spikes in large deposits to exchanges have been associated with increased selling pressure, according to analysts at CryptoQuant.
Dogecoin corrected some gains and traded below $0.1010 against the US Dollar. DOGE is now holding the $0.0980 support and might aim for a fresh increase. DOGE price started a fresh downside correction below $0.1020. The price is trading above the $0.0980 level and the 100-hourly simple moving average. There is a bullish trend line forming with support at $0.0968 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could aim for a fresh increase if it remains stable above $0.0950. Dogecoin Price Trims Gains Dogecoin price started a downside correction after it failed to stay above $0.1025, like Bitcoin and Ethereum. DOGE declined below the $0.1020 and $0.1010 levels. There was a move below the 50% Fib retracement level of the upward move from the $0.0944 swing low to the $0.1044 high. The price even spiked below $0.10 before the bulls appeared. The price is now forming a base above $0.0980 and preparing for the next move. There is a bullish trend line forming with support at $0.0968 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading above the $0.10 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1015 level. The first major resistance for the bulls could be near the $0.1040 level. The next major resistance is near the $0.1080 level. A close above the $0.1080 resistance might send the price toward $0.1120. Any more gains might send the price toward $0.1150. The next major stop for the bulls might be $0.120. More Losses In DOGE? If DOGE’s price fails to climb above the $0.1015 level, it could continue to move down. Initial support on the downside is near the $0.0980 level. The next major support is near the $0.09680 level or the 76.4% Fib retracement level of the upward move from the $0.0944 swing low to the $0.1044 high. The main support sits at $0.0950. If there is a downside break below the $0.0950 support, the price could decline further. In the stated case, the price might slide toward the $0.0880 level. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.0980 and $0.0968. Major Resistance Levels – $0.1015 and $0.1040.
CoinCarp data shows over 91% of TRUMP supply is concentrated in the top 10 wallets, and 97% is held by the top 100 wallets.
Mastercard is set to acquire stablecoin infrastructure firm BVNK in a deal worth up to around $1.8 billion, pushing deeper into crypto rails and 24/7 payments. Related Reading: Crypto-Linked Crime Jumps In Basque Country — But What Does It Mean For Traders? A Multi-Billion Crypto Purchase TradFi continues to demonstrate that they don’t want out of the crypto rails, and stablecoins appear to be the safest pathway they have found to adapt to the times. Bloomberg reported this Tuesday afternoon that the purchase of the London‑based fintech startup also includes $300 million in contingent payments. This deal follows four months of a failed $2 billion between BVNK and Coinbase Global Inc. This acquisition is Mastercard’s most recent push into tokenized bank deposits and stablecoins. In an April 2025 press release on its stablecoin strategy, Mastercard said it is “advancing the future of payments, finance and technology with new, global end‑to‑end stablecoin acceptance and payments capabilities,” positioning stablecoins as part of its core network rather than a side experiment. On March 11, Mastercard launched a global initiative that brought together “more than 85 industry leaders” in digital assets and payments, such as Binance, Crypto.com, Kraken, Paypal and Solana, to connect on‑chain innovation with existing payment rails. The Reign Of Stablecoins Stablecoins have become the dominant crypto use case for value transfer, with growing share of on‑chain volume versus speculative trading. A report from Plasma states that stablecoin transaction volume exceeded $33 trillion by late 2025, describing a shift from speculative trading towards utility and payment use cases, calling stablecoins “core financial infrastructure of DeFi”. Related Reading: Bitcoin Price Hits $74K As Geopolitical Tensions Spike, Is BTC Poised For a Fresh Leg Down? That explains why big payment networks and banks are racing to lock in stablecoin settlement rails to defend fees and relevance in cross‑border and B2B payments. As Bloomberg puts it, not only Mastercard but also Visa Inc. are “positioning themselves to remain the payment players of choice as emerging technologies become more prominent”. On a press release issued this past January 12, BNVK announced its partnership with Visa to bring stablecoin payments to the Visa Direct platform, as covered by our sister website Bitcoinist. Traders do well to remember that stablecoin‑centric tokens and payment/infrastructure names can gain narrative momentum as “crypto payments” flips from story to execution. The risk, however, is that since the integration, regulation, and execution timelines are slow, the trade in the near term is narrative‑driven rather than fundamentals‑driven. At the moment of writing, BTC’s price reaches the highs $73k. Source: BTCUSDT on Tradingview Cover image from Perplexity, BTCUSDT chart from Tradingview
Mark Zuckerberg's Meta is dropping VR support for its flagship metaverse world, which it launched in 2021 as part of the company's big gamble on virtual worlds.
XRP price started a strong increase above $1.520. The price is now consolidating gains and might aim for more gains if it stays above the $1.50 zone. XRP price started a fresh increase above the $1.50 zone. The price is now trading above $1.50 and the 100-hourly Simple Moving Average. There was a break above a declining channel with resistance at $1.5250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.5550. XRP Price Corrects Gains XRP price started a major upward move above $1.40 and $1.50, beating Bitcoin and Ethereum. The price gained pace for a clear move above the $1.5250 resistance. The bulls even pumped the price above the $1.550 zone. A high was formed at $1.6068 and the price started a downside correction. There was a move below $1.550 and $1.5250. The price dipped below the 23.6% Fib retracement level of the upward move from the $1.3855 swing low to the $1.6068 high. However, the bulls were active near $1.50 or the 50% Fib retracement level of the upward move from the $1.3855 swing low to the $1.6068 high. The price is now trading above $1.50 and the 100-hourly Simple Moving Average. There was also a break above a declining channel with resistance at $1.5250 on the hourly chart of the XRP/USD pair. If there is a fresh upward move, the price might face resistance near the $1.5550 level. The first major resistance is near the $1.580 level, above which the price could rise and test $1.60. A clear move above the $1.60 resistance might send the price toward the $1.6250 resistance. Any more gains might send the price toward the $1.650 resistance. The next major hurdle for the bulls might be near $1.6880. More Downside? If XRP fails to clear the $1.60 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.520 level. The next major support is near the $1.50 level. If there is a downside break and a close below the $1.50 level, the price might continue to decline toward $1.470. The next major support sits near the $1.4520 zone, below which the price could continue lower toward $1.4220. Any more losses might call for a test of $1.4050. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.5000 and $1.4700. Major Resistance Levels – $1.5550 and $1.6000.
The Washington, D.C.-based nonprofit cryptocurrency policy think tank argued that no-action letters within the crypto industry lead to fragmentation and uneven treatment.
Lawmakers are citing privacy risks tied to wearable AI and are asking how Meta intends to secure consent from both users and bystanders.
RedotPay, which reached unicorn status last year, is in discussions to raise up to $150 million in fresh funding, Bloomberg reported.
Despite a recent resurgence in prices, Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies by market capitalization, are not expected to achieve new all-time highs this year, according to analysts at Citigroup. The company significantly revised its forecasts for both cryptocurrencies on Tuesday, reflecting concerns about the slow pace of legislative progress in the United States, which limits the potential for regulatory catalysts that could drive increased demand from institutional investors and exchange-traded funds (ETFs). Bitcoin And Ethereum Price Targets Revised Downward In their latest update, Citigroup lowered its 12-month price target for Bitcoin from $143,000 to $112,000, while Ethereum’s forecast was reduced from $4,304 to $3,175. This suggests that, based on current trade prices, Bitcoin is predicted to increase by nearly 50% in the remaining months of the year from $74,360. Ethereum, on the other hand, would see a nearly 62% increase in price from its present level of $2,314 per token over the course of the year. Related Reading: Bitcoin Returns To Full Bull Mode: Key Indicators Signal Bottom And Major Relief Rally Citi strategist Alex Saunders emphasized that while regulatory catalysts are essential for fostering greater adoption and inflows into the market, the opportunity for significant US legislative action this year is diminishing. The report further highlights that, under a recessionary economic climate, Bitcoin could see its price dip to as low as $58,000, while Ethereum might fall to around $1,198. Conversely, in a bullish scenario driven by heightened demand from end investors, Bitcoin’s price could reach $165,000, with Ethereum potentially climbing to $4,488. Tight Timeline For Crypto Legislation Progress The upcoming mid-term elections in November further complicate the legislative landscape for crypto-focused regulation. Should Democrats gain additional seats in Congress, the chances of passing the crypto market structure bill (CLARITY Act) could diminish. For the bill to advance, support from 7 Senate Democrats is required. Citigroup analysts suggest that Bitcoin is likely to trade within a range while awaiting developments in the legislative arena, with $70,000 acting as a significant price point as the US election approaches. Related Reading: Circle (CRLC) Boosted By USDC Demand: New Analyst Projections Suggest Rally To $136 Earlier on Tuesday, Bitcoinist reported that Alex Thorn from the research team at Galaxy Digital pointed out that time is of the essence. He cautioned that if progress is not made this month, the likelihood of passing the CLARITY Act this year will become “extremely low.” While negotiations in Washington D.C focus on resolving the stablecoin rewards issue, Thorn highlighted that additional challenges could emerge. These challenges may include discussions regarding decentralized finance (DeFi), investor protections, and broader ethical considerations in the digital asset sector. Featured image from OpenArt, chart from TradingView.com
Ethereum price started a major increase above the $2,350 zone. ETH is now showing positive signs and might aim for more gains above $2,380. Ethereum started a steady upward move above the $2,320 zone. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a contracting triangle forming with resistance at $2,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $2,380 zone. Ethereum Price Aims Fresh Gains Ethereum price extended its upward move after it cleared the $2,250 zone, like Bitcoin. ETH price was able to clear the $2,320 resistance zone. The bulls pushed the price above $2,350 and $2,365. A high was formed at $2,385, and the price recently started a minor downside correction. There was a drop below the 23.6% Fib retracement level of the recent upward move from the $2,062 swing low to the $2,385 high. Ethereum price is now trading above $2,300 and the 100-hourly Simple Moving Average. There is also a contracting triangle forming with resistance at $2,340 on the hourly chart of ETH/USD. If the bulls remain in action above $2,300, the price could attempt another increase. Immediate resistance is seen near the $2,340 level. The first key resistance is near the $2,365 level. The next major resistance is near the $2,380 level. A clear move above the $2,380 resistance might send the price toward the $2,420 resistance. An upside break above the $2,420 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,500 resistance zone or even $2,550 in the near term. Downside Break In ETH? If Ethereum fails to clear the $2,380 resistance, it could start a fresh decline. Initial support on the downside is near the $2,315 level. The first major support sits near the $2,260 zone. A clear move below the $2,260 support might push the price toward the $2,225 support or the 50% Fib retracement level of the recent upward move from the $2,062 swing low to the $2,385 high. Any more losses might send the price toward the $2,185 region. The main support could be $2,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,260 Major Resistance Level – $2,380
SEC chair Paul Atkins says the regulator should review giving a range of exemptions to crypto companies to allow “bespoke pathways” to raise money.
Lieutenant Governor Juliana Stratton is now likely to be the next Senator from Illinois, after defeating Rep. Raja Krishnamoorthi, who enjoyed major backing from crypto PAC Fairshake.
A cryptocurrency analyst has explained how the upper boundary of a Parallel Channel could set up a bullish breakout for Cardano (ADA). Cardano Could Face Key Resistance At $0.304 In a new post on X, analyst Ali Martinez has shared a technical analysis (TA) pattern forming in the 4-hour Cardano price chart. The pattern in question is a Parallel Channel, which forms whenever an asset observes consolidation between two parallel trendlines. Related Reading: Dogecoin Surges 6% As Whales Scoop Up 470 Million DOGE The upper level of the channel tends to be a source of resistance for the price, meaning tops can be likely to occur at it. Similarly, the lower level can act as a point of support, facilitating bottom formations. The asset breaking out of either of these bounds can suggest a continuation of the trend in that direction; a surge above the channel can be bullish, while a fall under it can be bearish. There can be a few different types of Parallel Channels depending on how the trendlines are oriented with respect to the graph axes. Channels that are sloped upward are known as Ascending Channels, while those pointing down are called Descending Channels. In the context of the current topic, the third and simplest type is of interest: a Parallel Channel that’s parallel to the time-axis. This type corresponds to a period of true sideways movement in the cryptocurrency’s price. Now, here is the chart shared by Martinez that shows the Parallel Channel potentially forming in the 4-hour price of Cardano over the past few weeks: As displayed in the above graph, Cardano retested the lower level of this Parallel Channel earlier in the month and found support at it. The coin has since seen a rebound and has been making its way up the channel. During the last couple of days, the digital asset sector as a whole has witnessed a bullish impulse and ADA hasn’t been left out as its price has flown up to levels near $0.290. This surge has furthered the cryptocurrency’s journey inside the channel, taking it about 75% of the way to the upper level. “45 days of sideways chop is nearing an end,” noted the analyst. “The key resistance is $0.304, which is the upper boundary of this channel.” As mentioned earlier, a break above a Parallel Channel can lead to a sustained bullish move. Based on this, Martinez has highlighted target levels for the asset. Related Reading: Bitcoin Fear & Greed Surges As Price Touches $74,000, But Extreme Fear Persists From the chart, it’s visible that these levels lie at $0.338 and $0.376, corresponding to half-width and full-width distances above the channel, respectively. It now remains to be seen whether the latest rally will take Cardano to the $0.304 resistance and if a breakout will take place. ADA Price At the time of writing, Cardano is floating around $0.288, up more than 8% over the last seven days. Featured image from Dall-E, chart from TradingView.com
A stablecoin yield compromise could reshape financial competition, impacting banks and boosting digital asset adoption if regulatory clarity is achieved.
The post Tim Scott expects stablecoin yield compromise proposal by week’s end appeared first on Crypto Briefing.
The rise of agentic commerce could redefine payment systems, challenging traditional networks and reshaping consumer-merchant dynamics.
The post Visa’s Jack Forestell calls the agentic web the biggest payments opportunity in two decades appeared first on Crypto Briefing.
Bitrefill didn’t reveal how much money was drained in the March 1 incident but said it will absorb the losses using its operational capital.
A single on-chain indicator has quietly called every major Bitcoin cycle bottom for the past decade, and it is now approaching that important level once again. The setup comes from a monthly Bitcoin chart paired with the NUPL indicator, which tracks whether the average holder is sitting on unrealized profit or loss. In each of the last three major bear market lows, the indicator fell into the same area and touched a rising trendline. Nailing The Bitcoin Bottom Bitcoin’s latest break above $70,000 and into the mid-$70,000s has seen a bullish mood slowly returning. The fear and greed index has improved, but one question is still unresolved. Has the market already found its bottom, or is another washout still ahead? Interestingly, a long-term reading of the Net Unrealized Profit/Loss, or NUPL, shows that the answer may lie in a pattern that has repeated across multiple market cycles. Related Reading: Bitcoin Crash Far From Over? Analyst Shares How Painful Bear Markets Can Get NUPL is a clean sentiment gauge in Bitcoin analysis because it strips price action down to a question of whether holders, on average, are in profit or in pain. When the reading is high, the market is sitting on large unrealized gains. When it falls hard, those profits disappear, and losses dominate. The monthly candlestick chart shows that Bitcoin’s major cycle lows have consistently formed when NUPL resets into deep territory and tags a long-term ascending support line. That happened at the 2015 cycle bottom, repeated again at the 2018 bear market low, and showed up once more around the 2022 bottom. Each of those touches came at points when sentiment had already been crushed, and the Bitcoin price had shed most of its previous gains. The current NUPL reading of 22.9 represents a cryptocurrency that is still in modest aggregate profit, although it has shed a huge portion of the gains investors accumulated during the rally to the October 2025 peak above $126,000. Is The Bottom Already In? According to a crypto analyst that goes by the name CrypFlow on the social media platform X, the NUPL indicator is now approaching that level of Bitcoin bottoms again. If this pattern holds, Bitcoin may still need another deeper reset in sentiment before the market reaches a true long-term washout. Price may have already corrected a lot, but the indicator shows the emotional capitulation seen at prior bottoms may not be complete yet. The NUPL might continue to push downwards and reach the trendline before a bottom is confirmed. Related Reading: Analyst Says Bitcoin Bulls Have Won And This Is The Next Target Although no single indicator can call every bottom with perfect precision, the NUPL leaves room for the possibility that one final price crash could still come before the next full cycle expansion begins. At the time of writing, Bitcoin is trading at $74,220, up by 1.3% in the past 24 hours. Featured image from Pngtree, chart from Tradingview.com
XRP is showing signs of a potential trend reversal as a multi-cycle triple bottom formation begins to take shape on the macro chart. This rare structure suggests that selling pressure may be nearing exhaustion, with price stabilizing around key support levels. As the pattern approaches completion, attention is shifting to whether this setup could mark the end of the downtrend and the start of a new bullish phase. XRP Forms Rare Multi-Cycle Triple Bottom Structure Charting the macro structure, EGRAG CRYPTO highlighted that the XRP chart is forming a pattern that many market participants may be overlooking, a multi-cycle triple bottom formation. Patterns like this carry weight because markets move in repeating cycles rather than random chaos, and XRP now appears to be approaching what could be the final phase of this long-term setup. Related Reading: The $1.35 Floor: How Extreme Negative Funding Is Priming XRP For A High-Velocity Trend Reversal From a structural perspective, the chart reveals three major base formations developing over several months, while price continues to respect its broader trendline and moving average structure. Furthermore, the current price action is believed to represent the final descending phase of the pattern, typically defined as the ABC corrective structure. If this interpretation proves accurate, XRP could be nearing the completion of its final corrective leg, known as wave C. Also, this stage often marks the exhaustion of selling pressure, suggesting that the market may be approaching a key inflection point where a shift from correction to expansion becomes more likely. The most important area to watch lies around the $0.91 level, which stands out as a strong confluence zone. This region is supported by the 0.618 Fibonacci retracement, previous structural demand, and its alignment with the final leg of the correction. These factors make it a high-probability zone for a potential final liquidity sweep before the market attempts a broader bullish expansion. Reclaim Of $1.65 Could Confirm Structural Shift EGRAG CRYPTO went on to reveal that the first clear macro signal of a bullish shift lies at the $1.65 level. A strong and sustained reclaim of this level on the weekly timeframe would be significant, as it would break the ongoing descending corrective structure and signal that the triple bottom formation is nearing completion. Related Reading: XRP Price Turns Stronger — Breakout Momentum Building Fast Once this structural barrier is broken, the chart begins to open up for the next phase of macro expansion. At that stage, upside targets would start aligning with higher Fibonacci extension levels, while fitting within the broader cycle structure that typically follows a completed accumulation pattern. In simple terms, the setup provides a clear roadmap for what to watch next. The $0.91 region represents a possible final bottom zone, $1.65 acts as the first major confirmation of strength, and a confirmed break of the descending structure would mark the transition into a new expansion phase. Featured image from Adobe Stock, chart from Tradingview.com
The wallet sat quiet for almost two years. No trades, no movement — just billions of Shiba Inu tokens parked on-chain while the market did what it wanted. Then, on March 15, it all moved at once. A Long Wait That Ended In The Red Blockchain data from Arkham Intelligence shows that a wallet identified as “0xbOe8” sent roughly 14.5 billion SHIB to crypto exchange OKX last Sunday. The tokens first moved to an intermediary wallet before landing in OKX’s hot wallet. When the dust settled, the investor recovered just $84,640 — a fraction of the $506,830 originally spent. The math is brutal. That works out to a loss of about $422,190, or 80% of the entire investment. For nearly two years, the wallet showed almost no activity. On-chain records indicate the only movements during that period were small spam transfers — nothing that looked like active trading or any attempt to cut losses early. The original purchase was made on Binance in March 2024, when SHIB was deep in a rally that pushed the token to a high of around $0.000045. Buyers at that level were betting the momentum would carry further. It didn’t. Bought At The Peak, Held Through The Drop Since that March 2024 high, SHIB has shed roughly 82% of its value. The token now trades around $0.0000063. At its lowest point this past February, the price had fallen to about $0.0000051 — an 85% drop from where this investor got in. Holding through that kind of decline takes either conviction or inertia. Based on the on-chain record, this wallet did nothing for close to two years. No partial sells, no rebalancing. The position just aged while the price eroded. When the wallet finally moved on Sunday, the token ended up at OKX — widely seen as a signal that a sale was imminent or already executed, given that hot wallets on exchanges are typically used for active trading. Related Reading: Another Bitcoin Buy Coming? Saylor Sparks Speculation With ‘Orange Dots’ Post The Flip Side Of The Same Coin Not every SHIB holder has a story like this one. Reports note that some early buyers turned small initial amounts into life-changing returns, though those cases largely belong to an earlier era of the token’s history. The meme coin launched in 2020, and its biggest gains came in 2021, when prices spiked by several thousand percent. Featured image from Pethelpful, chart from TradingView