Solana started a fresh decline below the $150 zone. SOL price is now consolidating losses below $150 and might decline further below $142. SOL price started a fresh decline below $155 and $150 against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $148 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $142 or $140. Solana Price Dips Again Solana price failed to remain stable above $162 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $155 and $150 support levels. The price gained bearish momentum below $150. A low was formed at $141, and the price is now consolidating losses. The price recovered a few points but remained below the 23.6% Fib retracement level of the downward move from the $172 swing high to the $141 low. Solana is now trading below $150 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $148 level. There is also a key bearish trend line forming with resistance at $148 on the hourly chart of the SOL/USD pair. The next major resistance is near the $152 level. The main resistance could be $160 and the 61.8% Fib retracement level of the downward move from the $172 swing high to the $141 low. A successful close above the $160 resistance zone could set the pace for another steady increase. The next key resistance is $172. Any more gains might send the price toward the $180 level. Another Decline In SOL? If SOL fails to rise above the $152 resistance, it could continue to move down. Initial support on the downside is near the $142 zone. The first major support is near the $140 level. A break below the $140 level might send the price toward the $132 support zone. If there is a close below the $132 support, the price could decline toward the $120 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $142 and $140. Major Resistance Levels – $148 and $152.
Brutal selloff breaks psychological $2.30 floor, erasing recent gains as distribution overwhelms historic XRPC debut.
The rapid liquidation highlights the volatility and risks in crypto markets, potentially undermining investor confidence and market stability.
The post $300M in crypto longs liquidated in the past hour as Bitcoin falls to $97K appeared first on Crypto Briefing.
Canary’s spot XRP Exchange-Traded Fund (ETF) has surpassed most of the experts’ predictions, and it is currently on track to see a record-breaking debut after registering strong institutional demand on its first day. Related Reading: Winklevoss Twins Back Zcash (ZEC) Treasury Company With $58M Investment First Spot XRP ETF Begins Trading On Thursday, the first single-token XRP spot ETF began trading on Nasdaq, smashing the initial performance expectations of multiple experts after clearing the last regulatory hurdles this week. Following the launch of Canary Capital’s spot XRP ETF (XRPC), the investment management firm asserted its conviction that “XRP Ledger represents a leading framework for global payments — purpose-built for interoperability and real-world settlement.” Notably, Canary Capital recently completed its 8-A filing for its XRPC ETF with the US Securities and Exchange Commission (SEC) and received the stock exchange’s green light on Wednesday afternoon. The Thursday launch comes amid the end of the US Government shutdown, which officially lasted 43 days and was forecasted to delay the long-awaited Altcoin ETFs until its conclusion. For context, the SEC was expected to approve multiple crypto-based investment products between early October and November, after the regulatory agency postponed the decision deadline in Q3 and released new generic listing standards for the products. However, the second wave of crypto-based investment products arrived despite the government setback, with the first set of ETFs launching over two weeks ago. On October 28, Canary Capital’s spot Litecoin and Hedera ETFs and Bitwise’s Solana Staking ETF (BSOL) began trading after filing 8-A forms with the SEC. As crypto journalist Eleanor Terret explained, the launch was possible because an open government wasn’t required to continue the process, and the 8-A filings are “just as important” as the S-1 forms, since they register ETF shares under the Securities Exchange Act of 1934. Canary’s XRPC To Challenge BSOL’s Debut Ahead of the launch, multiple experts predicted that Canary’s spot XRP ETF could see strong demand and reach between $15 million and $35 million in volume on its first day. Senior ETF analyst at Bloomberg, Eric Balchunas, initially suggested that the investment product could hit $17 million in volume. Following the first half-hour, the XRP ETF saw $26 million in volume, the analyst noted, breaking past his original expectations. As a result, Balchunas suggested that the XRPC had a “good shot” at surpassing BSOL’s first-day volume and becoming the biggest ETF launch of 2025. As reported by NewsBTC, Bitwise’s SOL Staking ETF recorded an impressive volume of $10 million in the first 30 minutes of trading, which surged to $33 million by the half-day mark. The investment product closed its first day with around $57 million in volume, beating all other launches of this year. Related Reading: SUI Eyes Key Retest As Price Breaks Out Of Downtrend – Rally To $3 Ahead? In the afternoon, analyst James Seyffart noted that Canary’s XRP ETF had recorded around $46 million in volume by the half-day mark, with a few more hours of trading ahead. The analyst initially suggested that XRPC could see around $34 million in volume on day one. “This is almost guaranteed to be near the top of the list for 2025 launches and still has a shot at beating $BSOL for the top spot,” Seyffart concluded. As of this writing, XRP trades at $2.30, a 3.3% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
China’s latest dataset showed economic activity cooling far more than expected, creating selling in Asian stocks in Friday trading hours.
Institutional Bitcoin sales highlight shifting market dynamics and investor sentiment, potentially impacting future crypto asset management strategies.
The post BlackRock’s IBIT sells 2,610 Bitcoin valued at $257M appeared first on Crypto Briefing.
Bitcoin’s ability to boost financial inclusion, allow transactions without government interference, and strengthen the energy grid means it can align with the values of nearly any voter.
The case will hinge on evidence of whether competitors are truly blocked from Apple's iOS ecosystem, a legal expert told Decrypt.
The XRPC ETF narrowly surpassed Bitwise’s Solana ETF in first-day trading volume.
Bitcoin (BTC) price plunged below $100,000 and sent ripples of panic across the crypto markets, challenging the confidence of traders and investors alike. Yet, in a surprising twist, some of the market’s top altcoins, including Ethereum, XRP, and Solana, have held steady above their respective support levels, defying the expected domino effect. It’s now important …
Institutional Bitcoin accumulation signals growing confidence in crypto's long-term value, potentially stabilizing market volatility.
The post Anchorage Digital receives $405M in Bitcoin from major institutions in sign of renewed accumulation appeared first on Crypto Briefing.
As part of the offering, CleanSpark repurchased 30.6 million shares, about 10.9% of its outstanding common stock, for roughly $460 million.
A malicious “Safery: Ethereum Wallet” extension is currently live on the Chrome Web Store, using a crafty backdoor to exfiltrate seed phrases. Here's how it works.
Investors retreated across risk assets on Thursday as Bitcoin’s slide hints at fading demand and heavier long-term holder selling.
XRP price started a fresh decline from $2.550. The price is now showing bearish signs and might extend losses if it dips below $2.250. XRP price started a fresh decline below the $2.450 zone. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $2.235 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it settles below $2.250. XRP Price Dips Further XRP price attempted more gains above $2.50 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2.450 and $2.420. There was a move below the $2.320 pivot level. A low was formed at $2.2754, and the price is now consolidating losses with a bearish angle below the 23.6% Fib retracement level of the recent decline from the $2.525 swing high to the $2.2754 low. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.2350 level. There is also a short-term contracting triangle forming with resistance at $2.235 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.40 level, above which the price could rise and test $2.450 or the 76.4% Fib retracement level of the recent decline from the $2.525 swing high to the $2.2754 low. A clear move above the $2.450 resistance might send the price toward the $2.520 resistance. Any more gains might send the price toward the $2.580 resistance. The next major hurdle for the bulls might be near $2.650. Another Decline? If XRP fails to clear the $2.40 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.280 level. The next major support is near the $2.250 level. If there is a downside break and a close below the $2.250 level, the price might continue to decline toward $2.20. The next major support sits near the $2.120 zone, below which the price could continue lower toward $2.050. 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 – $2.250 and $2.20. Major Resistance Levels – $2.40 and $2.450.
As Bitcoin continues to show a bearish trajectory, the cryptocurrency Fear & Greed Index has fallen to its lowest extreme fear level since March. Bitcoin Fear & Greed Index Suggests Investors Are Extremely Fearful The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the average sentiment that’s present among traders in the Bitcoin and wider cryptocurrency markets. Related Reading: Chainlink’s Next Major Move Comes After This Range, Analyst Says The index uses the data of the following five factors to determine the investor mentality: trading volume, volatility, market cap dominance, social sentiment, and Google Trends. It then represents the sentiment using a scale running from 0 to 100. All values above 53 correspond to a net sentiment of greed, while those below 47 imply fear in the market. The indicator being between these two cutoffs naturally suggests a neutral mentality among the investors. Besides these three main zones, there are also two “extreme” sentiments: extreme fear and extreme greed. The former takes place below 25 and the latter above 75. Currently, the Fear & Greed Index is in one of these zones. As is visible above, the Fear & Greed Index has a value of 15 at the moment, firmly inside the extreme fear territory. Sentiment among investors was already poor on Wednesday, but this latest value is even worse. The deterioration of sentiment is a result of Bitcoin retracing its recent recovery. While traders may be highly bearish toward the market right now, BTC and other assets don’t necessarily have to live up to expectations. In fact, if history is anything to go by, cryptocurrencies have often shown moves that directly go contrary to the crowd’s opinion. Many major tops and bottoms in the sector have formed alongside a sentiment of extreme greed and extreme fear, respectively. Given this, it’s possible that the latest foray into extreme fear could also lead to a bottom for Bitcoin and others. When that might happen, however, is anyone’s guess. The latest extreme fear sentiment is the strongest since early March, but the low back then didn’t coincide with BTC’s real bottom. That said, Bitcoin did find a temporary turnaround just a few days after, which lasted until the end of the month. In April, the market crashed again, and the Fear & Greed Index declined to a low of 18. This time, the extreme fear sentiment was enough to reignite real bullish momentum. Related Reading: Bitcoin “Arguably Undervalued,” Says Analytics Firm: Here’s Why It now remains to be seen whether the current low in the indicator will be enough for the market to reach a bottom, or if sentiment will worsen still. BTC Price At the time of writing, Bitcoin is trading around $103,100, down 2% over the last 24 hours. Featured image from Dall-E, Alternative.me, chart from TradingView.com
Canary Capital’s spot XRP ETF (XRPC) officially launched yesterday and it is already the biggest ETF debut of the year. The product surpassed $BSOL’s previous record, posting more than $59 million in first-day trading volume, according to analysts tracking the launch. Speaking after the milestone, Canary Capital Founder and CEO Steven McClurg discussed what the …
FASB's move could enhance financial transparency and standardization in crypto accounting, impacting how businesses report digital assets.
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Ethereum price failed to stay above $3,350 and extended losses. ETH is down over 5% and might struggle to recover above $3,450 in the near term. Ethereum started a fresh decline after it failed to stay above $3,500. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,150 zone. Ethereum Price Dips Sharply Ethereum price failed to continue higher above $3,550 and started a fresh decline, like Bitcoin. ETH price dipped below $3,500 and entered a short-term bearish zone. The decline gathered pace below $3,350 and the price dipped below $3,250. A low was formed at $3,153 and the price is now correcting some losses. There was a move toward the 23.6% Fib retracement level of the recent decline from the $3,561 swing high to the $3,153 low. Ethereum price is now trading below $3,350 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,300 level. The next key resistance is near the $3,350 level and the 50% Fib retracement level of the recent decline from the $3,561 swing high to the $3,153 low. The first major resistance is near the $3,500 level. There is also a key bearish trend line forming with resistance at $3,500 on the hourly chart of ETH/USD. A clear move above the $3,500 resistance might send the price toward the $3,650 resistance. An upside break above the $3,650 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,800 resistance zone or even $3,880 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,350 resistance, it could start a fresh decline. Initial support on the downside is near the $3,200 level. The first major support sits near the $3,150 zone. A clear move below the $3,150 support might push the price toward the $3,050 support. Any more losses might send the price toward the $3,000 region in the near term. The next key support sits at $2,880 and $2,850. 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 – $3,150 Major Resistance Level – $3,350
Analysts at Glassnode argue that the recent wave of Bitcoin whale sales is a typical part of a late-stage crypto cycle when older hands take profits.
Coinbase Institute has criticized banking groups for asking regulators to prevent merchant rewards for stablecoin customers, arguing the request has no merit under the GENIUS Act.
Bitcoin is no longer the speculative playground it once was. What began as a retail-driven movement powered by early adopters and crypto enthusiasts has evolved into a market increasingly shaped by institutional capital, from BTC ETFs absorbing billions in inflows to corporations and hedge funds adding BTC to their balance sheets. Why Institutional Accumulation Has Changed Bitcoin Volatility The narrative around Bitcoin has undergone a fundamental transaction. According to the Arch Network post on X, the institutional participant in Bitcoin is no longer emerging; it’s already established. Spot Bitcoin ETF now holds over 1 million BTC, which is roughly 5% of the total supply. Daily inflows through mid-2025 have averaged between $300 and $500 million, with a cumulative asset close to $60 billion. Related Reading: Bitcoin (BTC) Recovers Past $105K as Shutdown Relief and Whale Buying Fuel Bullish Reversal Furthermore, the reach of this integration is global, with more than half of the world’s top asset managers now having indirect exposure to BTC through these accessible ETF structures. However, while this level of adoption is bullish, a significant challenge is that most of this BTC remains idle in cold storage. This model secures exposure but fundamentally does not generate return. Presently, for the institutions managing trillions in assets, the model is losing relevance. A productive BTC stack that combines robust security with consistent yield generation is becoming the natural next step for capital markets. An ambassador at NEARProtocol and Somnia_Network, Trader Onur, has highlighted that Bitcoin ETF recorded $524 million daily inflows on Tuesday, marking the biggest since the crash. The derivatives market is flashing similar signals that smart money just stacked $8.5 million in BTC longs. This shows retailers are still nervous, but institutions are quietly positioning. If the upcoming Consumer Price Index (CPI) print is favorable, it could set the tone for the year-end momentum. How Flows Can Confirm Or Contradict Market Mood The selling momentum in Bitcoin spot ETF flows has stalled for now. A full-time crypto trader and investor, Daan Crypto Trades, has pointed out that the BTC price has held the $100,000 region for now, as a lot of outflows and bad sentiment have taken place. However, the BTC price is also failing to push higher on the back of it. Related Reading: Bitcoin At A Battleground — This Price Range Will Decide the Next Cycle Phase As Daan noted, ETF flow data is a lagging indicator and useful mostly in hindsight. Nonetheless, when large outflows occur and the price refuses to drop further, it could be considered as short-term bullish absorption. Additionally, when heavy inflows fail to lift the price higher, it can signal local tops. These patterns have played out multiple times in this cycle, and they often occur at the key pivot zones where market direction shifts. Daan believes that it’s still valuable to watch how the price behaves around major ETF in- and outflow days. Featured image from Pixabay, chart from Tradingview.com
Major cryptocurrencies and gold and silver have been on diverging trends despite the pause in the dollar rally.
Bitfarms said it plans to shift its Bitcoin mining sites over the next two years and convert them to power AI, starting with its major site in Washington.
The success of the XRP ETF debut signals growing investor interest and diversification in crypto assets beyond Bitcoin and Ether.
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Bitcoin price failed to recover above $104,000. BTC is down over 4% and there are chances of more downsides below $98,000. Bitcoin started a fresh decline below $102,000 and $100,000. The price is trading below $100,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $102,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $98,500 zone. Bitcoin Price Dips Sharply Bitcoin price failed to stay in a positive zone above the $103,500 pivot level. BTC bears remained active below $102,500 and pushed the price lower. The bears gained strength and were able to push the price below the $100,000 handle. A low was formed at $98,000 and the price is now consolidating losses near the 23.6% Fib retracement level of the recent decline from the $103,999 swing high to the $98,000 low. Bitcoin is now trading below $100,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $102,200 on the hourly chart of the BTC/USD pair. If the bulls attempt another recovery wave, the price could face resistance near the $100,500 level. The first key resistance is near the $101,000 level and the 50% Fib retracement level of the recent decline from the $103,999 swing high to the $98,000 low. The next resistance could be $102,200. A close above the $102,200 resistance might send the price further higher. In the stated case, the price could rise and test the $103,500 resistance. Any more gains might send the price toward the $104,200 level. The next barrier for the bulls could be $105,000 and $105,500. More Losses In BTC? If Bitcoin fails to rise above the $102,200 resistance zone, it could start another decline. Immediate support is near the $98,500 level. The first major support is near the $98,000 level. The next support is now near the $96,500 zone. Any more losses might send the price toward the $95,000 support in the near term. The main support sits at $92,500, below which BTC might accelerate lower in the near term. 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 – $98,500, followed by $98,000. Major Resistance Levels – $100,500 and $101,000.
Visible buying from spot bitcoin ETPs and corporates has not translated into decisive upside, leaving traders to ask a blunt question: who is supplying the market? For Chris Kuiper, CFA, vice president of research at Fidelity Digital Assets, the answer is clear. “ ‘Who is selling?’ is the number one question I’ve been getting regarding bitcoin’s continued price pressure against a backdrop of visible buying,” he wrote on X on November 12. “I’m not unique in suggesting it’s the long-term holders (or HODLers).” Kuiper points to a simple but powerful on-chain gauge: the percentage of outstanding bitcoin that has not moved for at least one year. Glassnode’s “Percent of Supply Last Active 1+ Years Ago” rises in bear markets as coins age in place and investors sit on unrealized losses, then typically falls sharply when bull markets let those same investors exit into strength. Related Reading: Bitcoin Death Cross Is Coming: Don’t Be Fooled By The Name “As you can see in the chart below, this line goes up during bear markets … and then usually a dramatic decline as these longer-term holders sell into the strength of a bull market,” Kuiper explained. What stands out to him today is that “with this cycle” the drawdown is “a relatively gentle slope down.” When bitcoin hit new highs earlier this year, the long-term-holder line “didn’t plunge,” he said. Instead, the market has been experiencing “a consistent slow bleed as the market has slowly moved sideways and up.” That slow bleed aligns with what Kuiper says he hears from the client side. “Bitcoin’s performance has recently lagged gold’s, even the S&P, and people are getting tired,” he wrote. Many investors, in his view, had been positioned for a textbook four-year cycle blow-off and were “waiting to sell into the historically strong seasonality of October and now November.” When October’s typical strength did not materialize and year-end approached, “long-term holders are looking to make year-end tax and positional changes, calling it a day with the gains they already have.” Related Reading: Bitcoin “Arguably Undervalued,” Says Analytics Firm: Here’s Why The Glassnode chart shows how different this looks from past cycles. In the 2017–2018 run-up and subsequent reversal, the share of coins last active more than a year ago rolled over violently as price spiked and then collapsed. In the current cycle, the curve that represents long-term-holder supply has been trending lower since 2023, but without the vertical collapse normally associated with euphoric distribution. On-chain analyst Julio Moreno of CryptoQuant added another layer by reframing the same dynamic as “1-year inactive supply drawdown” in percentage points of total supply. “Here’s another way to visualize this,” he replied to Kuiper, “by looking at the 1-year inactive supply drawdown in terms of % of total Bitcoin supply.” Moreno quantified the last three major cycles. In 2017–2018, 1-year inactive supply declined by about 20 percentage points of total supply. In the 2021 cycle, the drawdown was around 10 percentage points. In the 2024–2025 period so far, the decline is again roughly 10 percentage points. The CryptoQuant chart, which uses an inverted scale, renders that as a purple wave that rises as more long-dormant coins are spent or reallocated. This means that long-term holders have already released a volume of supply comparable to the 2021 cycle, even if it is still well below the 2017–2018 peak. What differs is the tempo. Rather than a short burst of profit-taking at the top, the market has absorbed roughly a 10-percentage-point reduction in inactive supply over a longer, choppier price path. Kuiper welcomed the alternative visualization, replying simply: “Great chart!” He also made clear what he will be monitoring from here. “I will be watching this slope along with some other metrics to gauge seller exhaustion,” he said. For now, he argues that “the positive fundamental developments and lackluster price action continue to diverge.” At press time, BTC traded at $102,609. Featured image created with DALL.E, chart from TradingView.com
R25’s launch points to accelerating demand for compliant, asset-backed stablecoins amid institutional interest in onchain yield.
ARK Invest's increased stake in BitMine signals a strong commitment to Ethereum, potentially influencing broader market confidence in crypto.
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A large, dormant Bitcoin wallet moved a massive amount of coins to an exchange on Thursday, rattling traders and reigniting debate about where big holders stand. Related Reading: Could Shiba Inu Triple? Analyst Sees 200% Move Coming According to on-chain data, a Satoshi-era wallet that had not moved funds for 13 years transferred roughly 12,000 BTC — about $1.4 billion at current prices — in a set of transactions that landed on an exchange ledger. Whale Moves Stir Markets Reports have disclosed that the transfers came as Bitcoin hovered near a key price band. The coin fell about 2% after the activity, a quick reaction as traders guessed the funds might be put up for sale. ???? BREAKING SATOSHI ERA WHALE JUST SOLD 12,000 $BTC AFTER 13 YEARS OF HODLING. HE MADE A MIND BLOWING $1.4 BILLION – ONE OF THE MOST PROFITABLE ON-CHAIN SALES EVER. MASSIVE CRYPTO SELL-OFF INCOMING?? pic.twitter.com/NvCo9mamzT — 0xNobler (@CryptoNobler) November 13, 2025 Some market watchers warned that if larger sell orders hit exchanges, positions using borrowed money could be forced to close, which would make price moves sharper. Others said the market’s mood was more nervous than panicked; large transfers often spark anxiety even when no immediate sale follows. Technical Pressure Around Resistance Prominent analyst Ted commented that Bitcoin is facing stiff resistance around $104,000–$105,000. According to his view, holding above $105,000 could encourage renewed buying and push prices toward $107,000. If that fails, he warned that the next clear support sits near $100,000. Traders will watch order books and exchange flows closely in coming sessions to see whether the transferred coins are converted to fiat or simply shifted between wallets. Long-Term Holders Take Profits Based on reports from Chris Kuiper, CFA, the broader selling pressure appears driven more by long-term holders than by panicked sellers. Kuiper pointed to the share of Bitcoin that has remained inactive for one year or longer. That metric usually climbs in slow markets and drops sharply during fast rallies. This time, the decline has been gradual. The pattern suggests steady profit-taking over time rather than a sudden exodus. “Who is selling?” Is the number one question I’ve been getting regarding #bitcoin‘s continued price pressure against a backdrop of visible buying (by ETPs, corporations etc.) I’m not unique in suggesting it’s the long-term holders (or HODLers). But one data point that gives… pic.twitter.com/9PVoolrtwm — Chris Kuiper, CFA (@ChrisJKuiper) November 12, 2025 Market observers say gradual sales fit a maturing market where older holders lock in gains without trying to time a perfect top. Where past cycles saw abrupt moves from large dormant wallets, the current trend looks more measured. That does not rule out short-term volatility, but it changes how traders interpret big transfers. Related Reading: XRP Has Held Its Ground As Most Altcoins Fall, Market Observers Say For now, the market’s next moves will likely be set by a mix of on-chain flows and how price behaves around the $104,000–$105,000 area. Short-term traders will react to exchange data. Long-term investors may watch the inactive-supply metric and adjust plans more slowly. The transfer of 12,000 BTC is a big piece of information. How traders act on it will determine whether this becomes a headline event or just another moment in Bitcoin’s long rise. Featured image from Unsplash, chart from TradingView