November 21, 2025 06:18:06 UTC Is Bitcoin Capitulating? The Cycle Looks Familiar, But Not Predictive Short-term Bitcoin holders are clearly underwater, but that alone doesn’t guarantee a new all-time high this cycle. In the previous cycle, the same pattern played out: First, holders went underwater early in the year.Then it happened again near the end …
Today, we saw a major crypto crash, wiping out billions within hours and pushing sentiment into extreme fear territory. Bitcoin price crash concerns intensified as BTC fell to around $85,738, now down more than 13% for the week. Ethereum price dropped to $2,806, losing 14% in the past seven days, while XRP price slipped to …
On-chain analytics firm CryptoQuant has revealed how selling from US Bitcoin investors has dominated during the recent market downturn. Bitcoin Coinbase Premium Gap Points To US Selloff In a new thread on X, CryptoQuant has talked about some key pieces of data related to the US-dominated Bitcoin selloff. The first indicator that CryptoQuant has shared is the “Coinbase Premium Gap,” which keeps track of the difference between the BTC price listed on Coinbase (USD pair) and that on Binance (USDT pair). Related Reading: Dogecoin’s Strongest Support Zone Revealed—Here’s The Level As the below chart shows, the 30-hour moving average (MA) value of this metric has plummeted into the red territory recently. A negative value on the Coinbase Premium Gap indicates that the asset is trading at a price lower on Coinbase as compared to Binance. The former exchange is the preferred platform of the American investors, especially large institutional entities, while the latter one hosts a global traffic. As such, a red premium can be a sign that US-based whales are selling more than world investors. “The Coinbase Premium Gap dropped as low as -$90, which is a sign of strong U.S. selling pressure,” explained the analytics firm. Another metric that points toward extraordinary selling pressure from the American traders during the recent price decline is the cumulative return for the different trading sessions. From the above chart, it’s visible that both European and Asia-Pacific trading hours have seen an almost neutral return in Bitcoin over the past month. The American session, on the other hand, has witnessed a deep negative value. Another major way institutional entities invest in Bitcoin is through the spot exchange-traded funds (ETFs), investment vehicles that hold BTC on behalf of their investors, and allow them to gain off-chain exposure to the coin’s price movements. These funds have also witnessed outflows during the selloff in the last few weeks. ETFs have seen net outflows for three straight weeks now, which is a departure from last year’s Q4 trend, where 194,000 BTC flowed into the wallets connected with these funds, but in Q4 2025 so far, 8,000 BTC has flowed out instead. “ETF outflows continue to weigh on the BTC spot market,” noted CryptoQuant. Related Reading: Bitcoin Short-Term Holders Panic: 65,200 BTC Sent To Exchanges At Loss As for what could be next for Bitcoin, the cost basis of the spot ETFs may be worth watching for, which is located at $86,566. If the cryptocurrency breaches below this mark, holdings of the spot ETFs will go underwater. BTC Price At the time of writing, Bitcoin is floating around $92,000, down more than 10% over the last seven days. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
If the MSCI decides to exclude digital asset treasuries, index-tracking funds would need to sell, and that alone “creates meaningful pressure on the affected names.”
Dogecoin started a fresh decline below the $0.1550 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1560. DOGE price started a fresh decline below the $0.150 level. The price is trading below the $0.150 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.1550 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.1550 and $0.1620. Dogecoin Price Dips Further Dogecoin price started a fresh decline after it closed below $0.1620, like Bitcoin and Ethereum. DOGE declined below the $0.160 and $0.1550 support levels. The price even traded below $0.150. A low was formed near $0.1448, and the price is now showing bearish signs below the 23.6% Fib retracement level of the downward move from the $0.1593 swing high to the $0.1448 low. There is also a bearish trend line forming with resistance at $0.1550 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.1550 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1520 level. The first major resistance for the bulls could be near the $0.1550 level, the trend line, and the 76.4% Fib retracement level of the downward move from the $0.1593 swing high to the $0.1448 low. The next major resistance is near the $0.1620 level. A close above the $0.1620 resistance might send the price toward the $0.170 resistance. Any more gains might send the price toward the $0.1740 level. The next major stop for the bulls might be $0.1880. More Losses In DOGE? If DOGE’s price fails to climb above the $0.1550 level, it could continue to move down. Initial support on the downside is near the $0.1450 level. The next major support is near the $0.1320 level. The main support sits at $0.1250. If there is a downside break below the $0.1250 support, the price could decline further. In the stated case, the price might slide toward the $0.120 level or even $0.1120 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1450 and $0.1380. Major Resistance Levels – $0.1550 and $0.1620.
Significant Bitcoin outflows from major ETFs may signal investor caution, potentially impacting market stability and future cryptocurrency investments.
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Ryan Rasmussen, Head of Research at Bitwise, used a Yahoo Finance appearance to restate Bitwise’s view that Bitcoin is headed to $200,000 in 2026, while simultaneously characterizing the current sell-off as a maturing-market shakeout rather than a trend break. Is The Bottom In For Bitcoin? He opened with a near-term assessment that “we’re closer to the bottom here today than we have been for the past few weeks,” linking the drawdown to sharply risk-off conditions and to ETF-era flow dynamics. In his framing, Bitcoin “really was a leader of this risk-off move starting in mid-October,” and he expects it to “be a leader to the upside once things start to turn around,” adding that the market feels nearer to that inflection than it did “a week or two weeks ago.” When asked whether spot Bitcoin ETFs have become a double-edged sword, Rasmussen agreed, describing a market that now has deeper liquidity but more cross-currents. “Bitcoin, in our view, is one of the biggest technological developments of the past 15 years,” he said, before explaining that institutionalization brings “new investors and adds more liquidity to the market,” yet also means “we’re seeing a lot more choppiness in times where risk-off moves happen.” He pointed to hedge funds rotating in and out via basis trades and emphasized that “you just have more market participants.” Over time, he expects that shift to damp volatility, but not in a straight line: “throughout that journey, we’re going to see some choppiness, and certainly over the past month, we’ve seen that.” Related Reading: Will Bitcoin Bottom At $56,000? CryptoQuant CEO Presents The Data Pressed on why volatility still looks elevated, Rasmussen separated short-horizon spikes from long-run trend. “If you look at the trend over the past 10 years, volatility has certainly been falling,” he said, but conceded that “over this short-term period, you do see spikes in volatility.” The composition of buyers is, in his view, changing in a stabilizing direction. “The buyers for Bitcoin that we’re seeing come into the market today are more long-term buyers than we’ve seen in the past,” he said, naming wealth managers and financial advisors who “are adding Bitcoin to model portfolios” and “rebalancing on a standard basis.” That institutional style of demand “should all reduce volatility, add more long-term demand,” though he also noted a counterweight: corporate treasury buying that was strong earlier in the year has faded. “The corporate treasuries that are purchasing Bitcoin were coming in in size earlier this year, and that’s really dried up,” he said, arguing that this demand pause is “in part due to this sell-off that we’ve seen in October.” Bitcoin Still Set for $200,000 By 2026 Rasmussen acknowledged the pain of lower prices for recent buyers, but insisted the medium-term path remains higher. “Lower prices are a gift and a curse, of course,” he said. “A lot of investors are feeling pain right now who bought Bitcoin above $100,000 or closer to the $125,000 mark, but we believe that Bitcoin’s going to end the year higher than it is today.” He reiterated that the short-term bottoming process is likely advanced, and then pivoted to his structural thesis: “Institutions are finally here.” He stressed that adoption is gradual rather than instantaneous: “That doesn’t mean that right away they deploy all of their capital.” Even so, he cited early signals such as endowment participation: “even Harvard, we saw with their recent filing, is buying Bitcoin in their endowment.” Related Reading: Bitcoin Capitulation Deepens Around $90K Level: Classic Late-Stage Fear Structure Emerging On macro, Rasmussen conceded an irony that an asset marketed as sovereign and untethered now reacts to central-bank expectations. Post-COVID, he said, Bitcoin has traded in a “fiscally-dominated environment where rate cuts and other macro elements do play more of a role,” and correlations to equities have “spike[d] or raise[d].” Still, he argued correlations are drifting back toward historical lows, and he emphasized Bitcoin’s tendency to do well in “low rate environments and risk on environments.” Regarding the December Fed meeting, he said “no cut in December is largely priced into the market,” and suggested investors have “already started to turn to 2026.” The price target itself was stated unambiguously. “So this year, we had a price target of $200,000. And I think it’s safe to say that come December, that’s not going to happen. But we do believe that in 2026, Bitcoin will hit $200,000,” Rasmussen said. He attributed that forecast to institutional inflows arriving “in waves,” spanning “wealth managers or endowments or pensions or corporations or governments,” which he believes are creating “a systemic imbalance of demand versus supply.” At press time, BTC traded at $91,205. Featured image created with DALL.E, chart from TradingView.com
Bitcoiners viewed US Treasury Secretary Scott Bessent’s appearance at the opening night of the Bitcoin-themed bar as “a sign” for Bitcoin.
Grok couldn’t stop singing Elon Musk’s praises, arguing he could beat Mike Tyson in a fight and was fitter than NBA superstar LeBron James.
XRP price started a fresh decline below $2.050. The price is now struggling and faces resistance near the $2.050 pivot level. XRP price started a fresh decline below the $2.050 zone. The price is now trading below $2.050 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.080 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it settles below $2.00. XRP Price Dips Further XRP price attempted a recovery wave above $2.120 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2.050 and $2.020. There was a move below the $2.00 support level. A low was formed at $1.957, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $2.141 swing high to the $1.9575 low. The price is now trading below $2.050 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.050 level and the 50% Fib retracement level of the downward move from the $2.141 swing high to the $1.9575 low. The first major resistance is near the $2.080 level. There is also a bearish trend line forming with resistance at $2.080 on the hourly chart of the XRP/USD pair. A close above $2.080 could send the price to $2.120. The next hurdle sits at $2.150. A clear move above the $2.150 resistance might send the price toward the $2.20 resistance. Any more gains might send the price toward the $2.250 resistance. The next major hurdle for the bulls might be near $2.320. More Losses? If XRP fails to clear the $2.080 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.950 level. The next major support is near the $1.920 level. If there is a downside break and a close below the $1.920 level, the price might continue to decline toward $1.880. The next major support sits near the $1.8450 zone, below which the price could continue lower toward $1.80. 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 – $1.950 and $1.920. Major Resistance Levels – $2.050 and $2.080.
The package aims to ease the burden of inflation on households and businesses, according to media report
The crypto market is in deep red today, with more than $3 trillion wiped out from the global market cap. Bitcoin, Ethereum, and XRP are all facing heavy sell-offs, and one analyst who accurately warned about Bitcoin’s fall from $115K to $90K now says the next stop could be $60,000. Bitcoin Falls Sharply as Market …
Ethereum price failed to stay above $3,000 and tested $2,770. ETH is now attempting to recover but faces resistance near $2,880. Ethereum started a fresh decline after it failed to stay above $3,000. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,800 zone. Ethereum Price Dips Further Ethereum price failed to continue higher above $3,050 and started a fresh decline, like Bitcoin. ETH price dipped below $3,000 and entered a bearish zone. The decline gathered pace below $2,880 and the price dipped below $2,800. A low was formed at $2,770 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $3,058 swing high to the $2,770 low. Ethereum price is now trading below $3,000 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $2,920 level and the 50% Fib retracement level of the recent decline from the $3,058 swing high to the $2,770 low. The next key resistance is near the $2,950 level. The first major resistance is near the $3,050 level. There is also a key bearish trend line forming with resistance at $3,050 on the hourly chart of ETH/USD. A clear move above the $3,050 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,220 resistance zone or even $3,250 in the near term. Another Drop In ETH? If Ethereum fails to clear the $2,920 resistance, it could start a fresh decline. Initial support on the downside is near the $2,770 level. The first major support sits near the $2,740 zone. A clear move below the $2,740 support might push the price toward the $2,680 support. Any more losses might send the price toward the $2,620 region in the near term. The next key support sits at $2,550 and $2,500. 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 – $2,770 Major Resistance Level – $3,050
World Liberty Financial (WLFI) said it is reallocating funds and confirming user identities after several wallets were compromised ahead of its platform launch. Related Reading: XRP Supply Shock Ahead? ETFs Could Consume It All, Analyst Predicts According to WLFI’s post on X, the company froze the affected addresses in September and has been verifying ownership before moving assets back to users who pass the checks. Wallet Breaches And Response Reports have disclosed that the breaches came from either phishing attacks or exposed seed phrases, not from WLFI’s own platform or smart contracts, the company said. WLFI described the problem as linked to third-party security failures and said only a “small subset” of users were hit — though it did not give exact figures on how many accounts or how much crypto was involved. 1/ Prior to WLFI’s launch, a relatively small subset of user wallets were compromised via phishing attacks or exposed seed phrases. Since then, we’ve tested new smart contract logic to safely reallocate user funds and verified users’ identity via KYC checks. Shortly, users who… — WLFI (@worldlibertyfi) November 19, 2025 On-chain data cited by analyst Emmett Gallic of Arkham shows WLFI executed an emergency action that burned 166.67 million WLFI tokens, a move valued at $22.14 million from a compromised address, and then shifted tokens to a recovery address. That firewall step appears intended to limit further loss while the company sorts ownership questions. World Liberty Fi executed an emergency function burning 166.667M $WLFI ($22.14M) from compromised address, reallocating to a recovery address. Function designed for two scenarios: An investor loses wallet access before vesting OR malicious account acquires WLFI via exploit pic.twitter.com/VSUDWhDPCR — Emmett Gallic (@emmettgallic) November 19, 2025 Regulatory Spotlight Grows The timing of the security disclosure has drawn extra attention. Based on reports, Senators Elizabeth Warren and Jack Reed asked the DOJ and Treasury to review alleged WLFI token sales tied to sanctioned parties. Their letter referenced a watchdog report from Accountable.US that linked transactions to the Lazarus Group — a North Korea-linked actor on sanctions lists — and to an Iranian crypto exchange. It remains unclear whether the wallet compromises are related to the transactions lawmakers flagged. Experts Question On-Chain Findings Security researchers have pushed back on some of the watchdog’s claims. Taylor Moynahan of MetaMask and Nick Bax of Ump.eth said the Accountable.US analysis misread certain on-chain activity. Another day in crypto with wild allegations. Today, it’s that a North Korea-linked address invested in WLFI. I do a some DPRK crypto research myself, so I decided to take a look at their findings. They’re bad and an innocent user is out $100k because of it???? pic.twitter.com/yJKEH04nup — Nick Bax.eth (@bax1337) November 18, 2025 Related Reading: With 42% Of XRP Holders Underwater, Analysts Say The Altcoin Could Crash Even Further Bax argued that the report mistakenly connected a wallet tied to an individual known as “Shryder” with DPRK-linked activity, which led to the freezing of roughly $95,000 in WLFI tokens. WLFI has responded by emphasizing user protection and compliance. The company said it prioritized freezing vulnerable wallets and verifying rightful owners before any transfers. It also announced tests of revised smart contract logic meant to reduce the chance of similar breaches in future rollouts. Featured image from Gemini, chart from TradingView
FlowDesk flags sustained sell pressure from old wallets, QCP notes a sudden hawkish Fed repricing, and Deribit data shows downside positioning now dominating.
Bitcoin price started another decline below $90,000. BTC is now showing bearish signs and might struggle to recover above $88,5000. Bitcoin started a fresh decline below $92,000 and $90,000. The price is trading below $90,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $91,000 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 $90,000 zone. Bitcoin Price Dips Further Bitcoin price failed to stay in a positive zone above the $90,000 level. BTC bears remained active below $88,800 and pushed the price lower. The bears gained strength and were able to push the price below the $87,500 zone. A low was formed at $85,276, and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $92,872 swing high to the $85,276 low. Bitcoin is now trading below $90,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $91,500 on the hourly chart of the BTC/USD pair. If the bulls attempt another recovery wave, the price could face resistance near the $87,000 level. The first key resistance is near the $89,000 level and the 50% Fib retracement level of the recent decline from the $92,872 swing high to the $85,276 low. The next resistance could be $91,000 and the trend line. A close above the $91,000 resistance might send the price further higher. In the stated case, the price could rise and test the $92,500 resistance. Any more gains might send the price toward the $93,200 level. The next barrier for the bulls could be $94,500 and $95,000. More Losses In BTC? If Bitcoin fails to rise above the $90,000 resistance zone, it could start another decline. Immediate support is near the $85,500 level. The first major support is near the $85,000 level. The next support is now near the $83,200 zone. Any more losses might send the price toward the $82,500 support in the near term. The main support sits at $80,000, 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 – $85,500, followed by $85,000. Major Resistance Levels – $87,000 and $89,000.
Bitcoin price corrected alongside major US equities as a tech-led sell-off and investor concerns over AI spending and a Federal Reserve policy shift hit markets hard.
The Dogecoin price is back under pressure after sliding to the crucial $0.15 support zone, a level many traders say could determine whether the world’s biggest memecoin rebounds into December or sinks deeper before any recovery. Related Reading: Bitcoin To Suffer 40% Crash From All-Time High? Analyst Reveals ‘Final Target’ With volatility ripping through the crypto market, DOGE holders are anxiously watching what comes next. The drop follows a rough week for the entire sector, highlighted by Bitcoin sinking below $90,000. DOGE's price trends to the downside on the daily chart. Source: DOGEUSD on Tradingview Dogecoin Price Struggles at $0.15 as Bears Dominate Dogecoin price dropped as low as $0.15 this week, reflecting a continued downtrend that has erased nearly 9% over the past seven days. Short-term action remains choppy. DOGE traded between $0.1533 and $0.1625 within the past 24 hours, while a separate 1.67% pullback saw the price dip to around $0.1578. Technical indicators show that Dogecoin is attempting to consolidate above the key Fibonacci 0 level at $0.15178, a support that has held several times this month. But with RSI hovering around 39, the market still leans bearish, leaving room for both further downside and a possible bounce. Market weakness intensified after the Dogecoin price broke below earlier support at $0.1720, exposing the $0.1650–$0.1600 region. Analysts note that the next major structural line, the weekly 200-EMA, sits near $0.16, making it the final defense before deeper losses. Whales Accumulate as Sell Pressure Cools, Is a Reversal Coming? Despite the broader downtrend, several encouraging signals are starting to appear. Exchange net position change for DOGE recently flipped positive, a shift historically associated with early accumulation phases. Whales also acquired more than $8 million worth of DOGE in the past three days, with an additional $9 million entering long futures positions across Binance and OKX. Money Flow indicators show a slight uptick at the support zone, suggesting dip-buyers are slowly returning. Still, net spot outflows remain mildly negative, a sign that confidence is improving, but not fully restored. Analyst Ali Martinez highlights a massive support cluster at $0.08, where 27.4 billion DOGE were previously accumulated. While price is far from that level, it underscores Dogecoin’s long-term demand base should the market see deeper capitulation. December Outlook: Rebound or More Pain First? Dogecoin’s immediate future hinges on whether $0.15 can hold. A strong defense could push the Dogecoin price toward resistance at $0.1654, $0.1738, and ultimately $0.1807. A decisive break above $0.20 would open the door to a broader December recovery. Related Reading: XRP Supply Shock Ahead? ETFs Could Consume It All, Analyst Predicts However, a loss of $0.15 would flip the market structure bearish, exposing $0.095 and even $0.059 as potential mid-term targets. For now, DOGE sits at a make-or-break zone, and December may reveal whether memecoin momentum returns, or if more downside must play out first. Cover image from ChatGPT, DOGEUSD chart from Tradingview
The Bitwise XRP ETF officially closed its first trading day with 1,127,647 shares traded, equal to $25.93 million in volume. While a solid debut for a product launching during one of the most chaotic market days of the year, the ETF fell far short of the $58.5 million posted by Canary’s XRPC ETF on its …
The potential removal from benchmarks could lead to significant capital outflows, impacting Strategy's financial stability and investor confidence.
The post Strategy faces potential removal from major benchmarks amid asset scrutiny appeared first on Crypto Briefing.
Investors participating in the round include Sequoia, CapitalG, a16z, Paradigm, Anthos Capital, and Neo, according to TechCrunch.
Monero's network activity reflects the real-world demand for privacy coins, but Zcash’s spike looks more like a high-beta market trade that is no longer tied to network activity.
The recent Bitcoin “dumping” is a positive sign for the asset, but it could take years, not weeks, for Bitcoin to reach that magic $200,000 number.
The decline signals potential investor uncertainty and challenges in China's economic recovery despite policy support and stimulus efforts.
The post Shanghai Composite Index falls 1.5% to one-month low appeared first on Crypto Briefing.
Nic Puckrin, an analyst at The Coin Bureau, said Bitcoin is being “pulled in different directions by conflicting news” as it heads into the weekend.
Public pension funds increasingly embrace crypto-linked equities, highlighting a shift towards digital asset exposure despite market volatility.
The post Arizona state pension fund reports $24 million Bitcoin exposure via Strategy shares appeared first on Crypto Briefing.
Bitcoin is currently trading below $92,000, and the market is showing clear signs of exhaustion as selling pressure intensifies. Fear has pushed sentiment toward the bearish end of the spectrum, with many analysts now arguing that BTC may be entering a new bear market. The loss of key support levels and the rapid acceleration of downside volatility have only fueled these concerns, especially as short-term holders continue to capitulate at scale. Related Reading: Bitcoin Capitulation Deepens Around $90K Level: Classic Late-Stage Fear Structure Emerging However, not all perspectives are bearish. Some analysts believe that Bitcoin may be forming a local bottom, as the current correction resembles previous mid-cycle retracements seen during strong bull markets. They argue that the broader macro environment remains supportive and that long-term holders have not shown signs of structural weakness. As selling pressure concentrates among weak hands, the possibility of a reversal increases — especially once forced sellers exhaust themselves. Adding to the uncertainty, new on-chain data from Lookonchain revealed that Bitcoin OG Owen Gunden just deposited all his remaining 2,499 BTC into Kraken roughly an hour ago. Moves like this often trigger speculation, as exchange deposits from early holders can signal potential selling. Yet historically, similar events have also occurred near cycle bottoms when panic is at its peak. A Massive BTC Transfer Sparks Market Speculation According to fresh data from Lookonchain, Bitcoin OG Owen Gunden has just deposited his remaining 2,499 BTC (worth $228 million) into Kraken roughly an hour ago. This move has immediately raised questions across the market, as large exchange deposits from early whales often signal potential selling pressure. What makes this development even more notable is the context: just two weeks ago, Lookonchain reported that Gunden appeared ready to offload his entire 11,000 BTC stash — a position worth over $1.12 billion at the time. Now, with this final deposit, it appears he has officially completed the move. For many traders, this confirms that one of the oldest and largest long-term holders has fully exited or is preparing to exit the market. Such whale behavior can amplify fear during corrective phases, especially as Bitcoin continues to struggle below $92K. Moves of this scale not only contribute to short-term volatility but also influence sentiment by signaling that even early accumulators may be reducing exposure. However, historically, capitulation events from long-term holders have often coincided with or preceded major turning points. If this massive transfer marks the end of Gunden’s sell-off, the market may soon absorb the pressure — potentially clearing the path for a recovery once the fear subsides. Related Reading: Nearly 7M Bitcoin Now Sitting At A Loss: Highest Unrealized Pain Since January 2024 Short-Term Trend Still Under Pressure Bitcoin’s 4-hour chart reveals a market that remains firmly under short-term selling pressure, despite occasional relief bounces. The price is struggling to reclaim $92,000, a level that previously acted as support but is now working as resistance. The series of lower highs and lower lows highlights a persistent downtrend that has shaped BTC’s trajectory since early October. All major moving averages—the 50 SMA, 100 SMA, and 200 SMA—are positioned above current price action and pointing downward. This alignment confirms a clear short-term bearish structure. Each time BTC attempts to recover, it meets strong resistance at these declining MAs, signaling that sellers remain in control. The most recent bounce barely reached the 50 SMA before being rejected again, reinforcing the weakness of buyer momentum. Related Reading: XRP Supply In Profit Falls to 58.5% – Lowest Since 2024 Despite Higher Price Volume remains elevated on downswings, which indicates that sell-offs continue to be driven by conviction rather than random volatility. Buyers are stepping in around the $89,000–$91,000 zone, but so far, this support has only produced temporary pauses rather than meaningful reversals. For a structural shift, BTC would need to reclaim at least the $95,000 area and break above the 100 SMA. Until then, the trend remains tilted toward further downside or continued consolidation near current levels. Featured image from ChatGPT, chart from TradingView.com
JPMorgan analysts said fourth-quarter trends look strong, setting grounds for a 'much more constructive' trading environment for Bullish.
The office has begun probing Basis Markets, a defunct crypto project accused of misappropriating investor funds.
Crypto’s recent slump could be the result of a market maker liquidity crisis triggered by the crypto crash in October, speculates BitMine’s Tom Lee.