A sharp market pullback has exposed which BTC-focused public companies can actually execute, and which were never built for volatility.
The launch of spot exchange-traded funds (ETFs) tracking Dogecoin in the United States was met with muted enthusiasm. Inflows into Grayscale and Bitwise’s ETFs were limited in their first week of trading, despite the hype around the first-ever Dogecoin ETFs. But even as ETF inflows sputter, some technical analysts argue that DOGE might still undergo a strong price rally, possibly all the way to $1, if important support levels hold. Related Reading: Bitcoin’s November Slump Could Trigger A 2026 Revival, Analysts Say Spot DOGE ETFs Off To A Slow Start When Grayscale rolled out its Spot DOGE fund (GDOG) on November 24, inflow volume clocked in at just about $1.8 million on the first day, far below the estimates some market participants had forecasted. For example, Eric Balchunas, senior ETF analyst at Bloomberg, predicted that the ETF will witness a $12 million volume on the first day of trading. According to data from SoSoValue, net inflows across the DOGE ETFs by Grayscale and Bitwise added up to just over $2.16 million over the course of the initial trading week. This shows that institutional and retail investors are somewhat cautious when it comes to investing in the meme cryptocurrency. This is in contrast to the strong opening inflows seen by other altcoin ETFs, such as those for Solana (SOL) and XRP which were launched in the past few weeks. Furthermore, the lackluster uptake has raised doubts about whether the ETFs will ignite the kind of renewed interest in DOGE that some backers hoped for. Technical Outlook Suggests Bullish Potential To $1 Even though ETF demand is currently tepid, multiple technical outlooks point to a potentially more optimistic outcome for Dogecoin. One technical outlook from crypto analyst Ali Martinez identifies key support at roughly $0.08, with resistance around $0.20. This support level harkens back to a time when DOGE dipped below $0.10, before launching into a multi-month rally to $0.50 after the US elections. Dogecoin Key Price Levels. Source: @ali_charts On X More bullishly, a multi-week technical breakdown done by crypto analyst XForceGlobal suggests that DOGE might be wrapping up a long-term corrective phase and positioning for a fifth wave, which is a powerful upward impulse according to the Elliott Wave Theory. That wave could push prices well beyond current levels, with intermediate targets potentially between $0.33 and $0.50, and a longer-term stretch to $1. Similarly, crypto analyst Trader Tardigrade believes Dogecoin has dropped back onto the same long-term support zone that previously led to major rallies, calling it the launch pad for the next big move. His weekly chart highlights how Dogecoin’s price action has repeatedly bounced from this ascending trendline, producing gains of more than 80%, 210%, and even over 440% since October 2023. Dogecoin Technical Analysis. Source: @TATrader_Alan On X The analyst says the pattern is intact once again, and if the support at $0.15 holds, Dogecoin could follow the same structure into a larger expansion phase. Based on his projection, that continuation would give Dogecoin enough momentum to make a gradual 610% climb to $1 by 2026. Related Reading: 320 Ether On The Move: Bhutan Ramps Up Its Staking Game At the time of writing, Dogecoin is trading at $0.15 and is close to either rebounding or breaking below the support. Featured image from Unsplash, chart from TradingView
Bitcoin’s big buyers seem to have stepped off the gas. For the better part of the last year or so, it felt like there was a constant tailwind behind Bitcoin’s price. ETFs vacuumed up coins, stablecoin balances kept climbing, and traders were willing to go to insane levels of leverage to bet on more upside. […]
The post Bitcoin’s bull market: A slowdown, not a breakdown appeared first on CryptoSlate.
According to CoinWarz, the next difficulty adjustment is expected at block 927,360, moving the target from 149 trillion to close to 150 trillion. That is a modest rise, but it matters because Bitcoin miners are already working with very thin margins. Hashpower is strong enough to push difficulty up even while returns stay near record lows. Related Reading: Bitcoin’s November Slump Could Trigger A 2026 Revival, Analysts Say Hashprice Sits Near Break-Even Hashrate Index data shows hashprice is hovering around $38.3 PH/s per day, a touch up from a recent trough below $35 PH/s on November 21. Reports indicate that $40 PH/s is roughly the break-even level for many operations. When revenue per petahash drifts under that mark, some miners face a hard choice as they usher in December: switch off rigs or keep paying to mine. Average block times have been close to the 10-minute goal, with the network recently averaging about 9.97 minutes, which helped trigger the most recent adjustment that dropped difficulty from 152.2 trillion to 149.3 trillion. Hardware, Politics And Supply Risks Reports have disclosed a US Department of Homeland Security probe into Bitmain, the China-based ASIC maker, over concerns its machines could be accessed remotely. Bitmain is reported to control about 80% of the ASIC market, according to the University of Cambridge. That market concentration leaves the industry vulnerable. If US officials impose restrictions, tariffs, or other limits, miners could face higher hardware costs and slower deliveries. Some equipment orders might be delayed or rerouted, and expansion plans would be tested. China Unlikely To End Bitcoin Mining Ban Despite Uptick Meanwhile, overseas, a mild uptick in China’s bitcoin mining has led some scholars to urge Beijing to relax its ban so miners can use excess energy, but experts say a formal reversal is unlikely. Related Reading: 320 Ether On The Move: Bhutan Ramps Up Its Staking Game According to Hashrate Index, China’s share of global hash rate rose from 13.75% in Q1 2025 to 14% in the current quarter, placing it third behind the US and Russia. Historical data from the Cambridge index shows China’s hash rate fell to zero in July 2021 before unofficial activity pushed it back to 22.29% by September 2021; Cambridge stopped updating its mining map in February 2022. Beijing has tightened rules on crypto in recent years, arguing such activity disrupts financial order and can enable illegal behavior. Experts believe those political and policy concerns make an official lift of the mining ban unlikely, despite the recent rise in activity. Featured image from Getty Images, chart from TradingView
Bitcoin price stayed stuck near $91,000 due to weak ETF flows and cautious derivatives as stocks and gold rallied on rising rate-cut bets.
The National Bank of Kazakhstan (NBK) is evaluating whether to invest up to $300 million in crypto assets, though the actual amount could range from $50 million to $250 million. NBK chairman Timur Suleimenov clarified that the money would come from the central bank’s gold and foreign exchange reserves, not from the country’s National Fund. …
New research showed BTC price action on course to copy the 2022 bear market while risk-asset inflows showed signs of a bullish turnaround.
The monthly XRP chart has entered one of its most decisive phases in years, and one of the asset’s most vocal analysts is laying out a blunt roadmap. Egrag Crypto, known for his long-standing bullish stance on XRP, released a new technical update that breaks down the future outlook for the cryptocurrency into three straightforward outcomes. The chart accompanying his analysis shows XRP trading around the $2.20 region, sitting just above an important Fib support level but still wrestling with momentum, with the monthly candle about to close. Related Reading: 320 Ether On The Move: Bhutan Ramps Up Its Staking Game XRP Must Close Above $2.60 To Keep Bullish Momentum Intact Egrag’s first decisive level is at $2.60, which matches with the 0.5 Fibonacci retracement level on the monthly chart. The analyst described a close above this region as bullish but the asset would not yet be fully clear of danger. The chart shows XRP repeatedly testing this price level in the first half of the year before breaking above it in July. However, the most recent breakdown in Q2 2025 has now put the price level in focus again. The analysis becomes more aggressive once price action breaks above $3.40. EGRAG identified this as the 0.888 Fibonacci level, one of the final retracement zones. According to him, a close above this level confirms a super-bullish macro breakout, which he summarized with the phrase “we are so back.” The chart reinforces this idea by showing a tight compression beneath this upper 0.888 Fib cluster, and that a decisive breakout could lead to a rapid move into new all-time high prices if there’s enough buying pressure. XRP Price Chart. Source: @egragcrypto On X A Close Below 21 EMA Would Break Bullish Structure The downside scenario in Egrag’s breakdown is equally straightforward. He warned that a close below the 21-month EMA would mean a severe failure of the bullish trend structure. His wording was intentionally harsh, noting that such a breakdown would mean “we are f**ked, no sugar-coating it.” The chart shows the 21 EMA currently sitting around the $1.83-$1.90 price zone, forming the final major support on the monthly timeframe. Losing this level would drag XRP back into a deeper corrective zone and finally undo most of the price advancement made this year. A significant development showed up towards the end of the week that aligns with the bullish continuation Egrag outlined. 21Shares confirmed that its US Spot XRP ETF, which is listed under the ticker TOXR, has received SEC approval and will officially launch on Monday. Related Reading: Bitcoin’s November Slump Could Trigger A 2026 Revival, Analysts Say The upcoming launch adds a perspective that institutional participation in XRP is only beginning. If inflows follow the early strength seen from other issuers, the ETFs could reinforce the bullish case Egrag mapped on the chart, especially if the XRP price is able to cross above $2.60 in December. Featured image from Pixabay, chart from TradingView
Strategy CEO Phong Le said Bitcoin would only be sold if the company’s stock fell below net asset value and funding options disappear, calling it a financial decision.
Ethereum presently trades around $3,000 following a broader crypto market rebound in the last week. During this time, the market’s largest altcoin gained by 7.22%, providing a much-needed relief after an extended correction that dominated the majority of the last two months. As price stabilizes, crypto analytics platform XWIN Research Japan shares a forward-looking assessment of Ethereum’s outlook, especially considering developments in the futures market. Related Reading: 320 Ether On The Move: Bhutan Ramps Up Its Staking Game Ethereum Bulls Buy The Dip After Weak Position Exits Amid the widespread correction of the crypto market in Q4 2025, Ethereum’s prices crashed from $4,700 to as low as $2,900, representing a 38% price decline. XWIN Research Japan reports this price fall coincided with certain relevant developments in the futures market. In particular, Ethereum’s open interest across all exchanges dropped from $21 billion to around $17 billion in late November, as overleveraged long positions were closed down, forcing traders to open new positions with moderate leverage size. Meanwhile, funding rates stayed positive but declined to around 0.002, meaning that the dominant bullish sentiment from mid-2025 greatly reduced. Looking at on-chain data, the Market Value to Realized Value (MVRV) is at 1.27, while Binance data shows it to be around 1.0, both values indicating Ethereum is in a neutral to fair value zone, suggesting a period of stability before the next major trend emerges. Meanwhile, the recent market recovery kick-started after ETH retested the realized price of whale addresses, indicating that large market players are bolstering their holdings. XWIN Research Japan supports this theory, noting that Ethereum Treasury BitMine has boosted its market holdings to 3.63 million ETH. Additionally, a BlackRock client recently acquired tens of millions of dollars’ worth of ETH, further reinforcing the strength of current market demand. However, despite this robust market demand, ETH Spot ETF net outflows for November hit $1.42 billion, indicating there is significant selling pressure in the market. Related Reading: Ethereum Fusaka Will Be ‘The Most Bullish Upgrade’ Ever, Pundit Claims Ethereum Market Outlook At the time of writing, Ethereum trades at $3,003, reflecting a 0.22% loss in the past day. Despite its gains in the last week, the altcoin is still down by 22.34% over the last month, suggesting the majority of short-term holders are in losses. XWIN Research Japan explains that although the overleveraged position has been cleared out with market whales now ramping up their holding, Ethereum remains in a “bottom-building phase”. Therefore, investors should still anticipate a “choppy, sell-on-rally” price action in the short term. The analysts predict a major trend reversal with time as the current price area becomes increasingly attractive to investors for massive accumulation opportunities. Featured image from Freepik, chart from Tradingview
BlackRock says $2.34 billion in November outflows from IBIT are normal as demand once pushed the ETF near $100 billion.
The excitement around new crypto ETFs in the U.S. has been huge this year, with billions flowing into products tied to Bitcoin, Ethereum and even Solana. But in a surprising development, digital asset manager CoinShares has abruptly withdrawn its plans to launch several highly awaited ETFs, including a spot XRP ETF, a Solana staking ETF …
Stablecoin yields not being overly high suggests the market hasn’t reached a “major top” and Ether may reach $3,200 in the near term, according to Santiment.
The crypto market has seen a sharp bounce over the past week, with Bitcoin, Ethereum, XRP and Solana all recovering after steep sell-offs. But is this a real trend reversal or just a temporary relief rally? Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com, has released a fresh analysis outlining what he believes comes next for …
The Bitcoin (BTC) market continues to stabilize around $90,000 following a significant price recovery in the last week. Before these recent gains, the maiden cryptocurrency had undergone a heavy market correction, dropping about 36.10% from its all-time high of around $126,100. Amid the ongoing consolidation, the latest data on Bitcoin miner activity suggests the asset may have hit a local bottom with sights now set on a sustained uptrend. Notably, market analyst BorisD shares on the CryptoQuant QuickTake platform an insight that suggests Bitcoin likely formed a local bottom as it dipped to $80,000 during its recent correction phase. The expert explains that this theory is confirmed by Bitcoin miners recording an underpaid status, which has historically been a strong signal in confirming a local market bottom. For context, Bitcoin miners become underpaid when the mining revenue, i.e., block rewards + fees, falls below miners’ average operating costs, resulting in financial stress, forced selling, and capitulation of certain miners, possibly due to bankruptcy. Related Reading: Analyst Sets Bitcoin Next Target At $95k-$96k – Here’s Why Bitcoin Miners’ Economics In Influencing Market Ends BorisD explains that Bitcoin miner profitability has been a consistent guiding metric in determining potential market tops or bottoms. For example, miner revenue in early 2024 reached intensely high levels as prices rallied strongly. This condition, created by a rise in transaction fees and block dollar value, allowed miners to become profitable to distribute supply to the market, thereby aligning early topping structures. By mid-2024, the market had created a pattern where capitulation zones often indicated local bottoms, and severely overpaid zones matched market tops with heavy liquidity outflows. Notably, this pattern held throughout late 2024, early and mid 2025, during which miners’ revenue alternated between the overpaid and underpaid zone. As Bitcoin’s price struggled in Q4 2025, falling to around $80,000, BorisD explains that miners experienced another deep underpaid regime that completed a capitulation cycle, exhaustion of miner-driven selling pressure, but most importantly, confirmation of price local bottom. Related Reading: Bitcoin’s November Slump Could Trigger A 2026 Revival, Analysts Say Bitcoin Market Overview At the time of writing, Bitcoin trades at $90,898 after a minor 0.64% gain in the past 24 hours. Meanwhile, the daily trading volume is down 36.32% to $38.77 billion. According to BorisD, Bitcoin miners’ profitability is expected to continue improving, provided the market price stays above $80,000. This dynamic, in turn, supports a continuation of upward price momentum, potentially pushing Bitcoin toward another market top. Although the present market cycle has displayed atypical behavior compared to previous ones, analysts remain broadly optimistic. Many expect Bitcoin not only to recover but to eventually surpass its prior six-figure valuation. Featured image from Investopedia, chart from Tradingview
Tether's strategy could amplify financial instability concerns, potentially affecting market confidence and USDT's perceived reliability.
The post Arthur Hayes warns Tether’s Bitcoin and gold bet exposes it to major downside risk appeared first on Crypto Briefing.
Nasdaq’s head of digital assets strategy, Matt Savarese, said the stock exchange is ready to answer any questions the SEC may have for its proposal for tokenized stocks.
Investor retreat from Ethereum ETFs highlights growing caution and volatility in crypto markets, potentially impacting future fund strategies.
The post Ethereum ETF outflows surge to $1.4B in November appeared first on Crypto Briefing.
Momentum on Solana is compressing as the chart approaches two pivotal decision points, making the coming days especially significant. With a deeper corrective target on the macro frame and a respected support zone in the mid-range, SOL is gearing up for a move that could shape its next major trend. This Wave Completed As Solana Signals A Larger Pullback Elliott Waves Academy has presented a fresh perspective on SOL, focusing on the weekly timeframe. According to the analysis, SOL appears to have completed its upward wave, identified as wave (1)/(A), within a broader bullish structure. This recent break below a key level reinforces the view that a deeper corrective phase may already be underway. Related Reading: Solana Reclaims Crucial Resistance Despite First SOL ETF Outflows – 25% Rally Ahead? Based on the wave count and Fibonacci measurements, the correction is expected to extend toward the $49.26–$32.03 range, which aligns with the 50%–61.8% retracement levels. Should SOL reach this area, a clear corrective pattern paired with a strong bounce would help validate the broader bullish thesis and suggest that buyers are stepping back in with conviction. Price behavior within this zone will be critical in determining the next major swing. If this scenario unfolds as anticipated, a decisive breakout above the key level that was previously broken will act as confirmation for renewed upside momentum. However, a violation of the $8.00 level would invalidate the bullish outlook entirely, signaling a much deeper structural shift. SOL Coils For Impact As Price Compresses Into A Tightening Structure According to a recent update from CryptoPulse, Solana is shaping up for what looks like a textbook technical setup. The current structure is tightening, showing reduced volatility and signaling that a decisive move may be approaching. With SOL consolidating, the chart is beginning to align with a major technical level. Related Reading: Solana Pullback Finds Purpose As Strong Hands Eye Accumulation Below $160 The key zone highlighted is the $133 support level, an area that has previously acted as a reliable reaction point for buyers. Real partnerships, continuous development, and increasing on-chain activity are all reinforcing this technical zone with additional weight. Given this confluence, the strategy becomes clearer: allow price to revisit the $133 region and observe how the market responds. If buyers step in aggressively, forming wicks, bullish engulfing candles, or strong volume spikes, it could signal that the level is holding once again. CryptoPulse emphasizes patience above all. Instead of chasing the market, let the chart come to you. When both fundamentals and technicals point to the same area, it often increases the probability of a strong follow-through. Acting on confirmation rather than prediction is the key to building a solid position in setups like this. Featured image from Sketchfab, chart from Tradingview.com
A privacy coin is headed for Wall Street, and the wrapper says everything about what happens when a technology built for discretion tries to move through the most surveilled pipes in global finance. Grayscale’s bid to list a Zcash ETF on NYSE Arca (ticker ZCSH) marks the first serious attempt to wrap a privacy coin […]
The post Grayscale’s Zcash ETF: Regulated privacy, or privacy in name only? appeared first on CryptoSlate.
Over the past week, the Bitcoin price had its best performance since the infamous October 10 downturn, which led to the largest liquidation event in crypto history. The premier cryptocurrency seems to be on a recovery path, returning above the $90,000 mark on Wednesday, November 26. Despite the several calls of the bear market in recent weeks, the crowd has returned with hopes of the BTC bull run resuming. However, a prominent on-chain analyst has come forward with an interesting analysis of the current Bitcoin price outlook. BTC Price To Continue Within $70,000 – $90,000 Zone: Analyst In a November 28 post on the X platform, CryptoOnchain shared an evaluation of Bitcoin’s current price action around the $90,000 level. According to the crypto pundit, recent on-chain data suggests that the market leader is at risk of a rejection at its current price level. Related Reading: Fed To End QT In December: Will Bitcoin Mirror The Massive Price Crash From Last Time? CryptoOnchain highlighted that the Bitcoin price lost a significant support level at $90,000 when it initially fell to around the $80,000 mark a week ago. Now, the price of BTC is looking to make a sustained close above the $90,000 level after bouncing back from the Point of Control (POC) near $82,000. In crypto trading, the point of control (POC) refers to the price level with the highest volume of trading activity within a given period. It basically represents a zone where buyers and sellers are equally matched, leading to the formation of support or resistance. After bouncing from the POC around $82,000, CryptoOnchain said the flagship cryptocurrency has now settled into a “clear” consolidation zone between the $70,000 and $90,000 region. While the Bitcoin price currently sits above $90,000, the analyst noted that the market leader faces potential rejection. This conclusion was drawn from on-chain data, which shows that large amounts of Bitcoin have been flowing into Binance, the world’s largest crypto exchange by trading volume. According to CryptoQuant, the crypto exchange has seen over $2 billion worth of BTC in the past seven days, which could put some downward pressure on the price. Besides the potential selling pressure, there is limited buying power to absorb the extra BTC supply that might hit the open market from sales. CryptoOnchain shared that the net stablecoin inflow on Binance stands at approximately $735 million, which means limited potential demand or buying power. With this “clear supply-demand imbalance,” CryptoOnchain concluded that a rejection from the $90,000 mark and sideways movement within the $70,000 – $90,000 consolidation zone is the likely scenario for the price of BTC. Bitcoin Price At A Glance As of this writing, the price of BTC sits just above $91,000, reflecting no significant movement in the past day. Related Reading: Top Analyst Unveils Ethereum (ETH) December Trajectory: 150% Surge On The Horizon? Featured image from iStock, chart from TradingView
The Bitcoin market experienced a moderate price rebound over the past week, following a prolonged period of price correction that began in early October. The flagship cryptocurrency is now trading above $90,000, with hopes building for a potential push back toward its all-time high of $126,100. Notably, popular market analyst KillaXBT has flagged a key price zone that could serve as the next target in this relieving market recovery. Related Reading: Bitcoin Must Break Key Supply Clusters To Regain ATH Momentum – Watch These Levels Bitcoin Headed To $95k-$96k, But Price Pullback May Occur First – Analyst In an X post on November 28, KillaXBT shares some compelling insights on Bitcoin’s price condition, highlighting both bullish and bearish tendencies. Following the asset’s gain of 7.22% in the past week, the analyst predicts that market bulls are likely to drive prices to around $95,000-$96,000, which contains strong, heavy illiquidity pockets and several liquidation clusters. For context, these zones are attractive to price because they contain large concentrations of resting orders, making them high-value liquidity targets. Liquidation clusters, in particular, hold groups of leveraged positions that trigger forced buying or selling once the price reaches them, injecting fresh liquidity into the market. However, KillaXBT cautions that this upside move may not occur immediately, noting that the market often delays sweeping major liquidity zones ahead of key macro events. With the upcoming Federal Open Market Committee (FOMC) meeting expected to deliver clarity on potential rate cuts, traders may see continued liquidity building below the yearly open in the near term. According to the analyst, these upper liquidation levels are still likely to be cleared, but the timing could align more closely with next month’s policy announcement rather than the current market cycle. The analyst outlines a potential scenario in which Bitcoin experiences a minor pullback to around $93,000 before retesting $89,200. From there, the asset could move toward the $95,000–$96,000 target, in line with expectations for a potential FOMC rate adjustment. However, KillaXBT also highlights the possibility that Bitcoin may reach these key liquidation zones before the FOMC meeting. In such a scenario, the market could see a rapid surge to $96,000, followed by a sharp drop to around $89,200 due to potential liquidations, before eventually returning to these upper liquidity zones. Following this analysis, KillaXBT is opting for a short position, which he intends to reassess in relation to market trends as the FOMC approaches. Interestingly, the analyst believes the real short-term opportunity only comes after the FOMC’s announcement. Related Reading: Bitcoin STH Loss Transfers Fall 80% From Peak – What Comes Next? Bitcoin Price Overview At the time of writing, Bitcoin trades at $90,490, reflecting a slight 0.64% decline in the past day. Featured image from PixelSquid, chart from Tradingview
Bitcoin miners caught a break on Thursday as difficulty dropped, but the relief may be short-lived if it rises in December, as forecast.
Beijing has moved in recent months to quell some digital asset activity in Hong Kong, like real-world asset tokenization and stablecoin issuance.
The firm's US-listed spot bitcoin ETF IBIT, launched in January 2024, reached $70 billion in assets in record time and has generated hundreds of millions in fees.
Conversations around XRP have grown louder in recent weeks as the cryptocurrency continues to trade around the $2.2 region while new Spot XRP ETFs continue to attract inflows across multiple issuers. One voice in the community has attempted to explain why the market is unusually calm despite rising institutional demand. An XRP enthusiast known as Pumpius shared a detailed thread on X that breaks down the mechanics behind the new ETFs and why the real impact may still be ahead. His argument is that the current XRP price action does not yet reflect what is going on behind the scenes. Related Reading: Bitcoin Maxi Says ATH Back On The Table After 40x Derivatives Surge Why ETF Rules Create A Special Market Dynamic Pumpius explained that the foundation of the entire setup is in one legal detail with fund managers. ETF fund managers are restricted from purchasing XRP directly from Ripple or from the escrow accounts that hold large reserves of the token. Every ETF must source XRP through open-market purchases, without private deals or wholesale arrangements. The absence of direct acquisition forces institutional buyers into the same liquidity pool as retail and whales. With the new launch of XRP ETFs, and as demand continues to rise, the circulating supply is now the battleground, and this mechanical pressure is already visible in recent weeks as XRP trading volumes climbed while exchange supply began trending downward. According to market trackers, XRP supply on major exchanges has declined steadily since the approval of the first Spot XRP ETFs, showing that the stress on available liquidity is not theoretical but active. Particularly, data from CryptoQuant shows that Binance’s XRP reserves are now at their lowest point in months, having dropped to 2.7 billion tokens this week. Incoming Supply Squeeze For XRP Another part of the explanation focuses on Ripple’s behavior regarding escrow releases. Although one billion XRP is unlocked each month, Ripple has repeatedly returned about 700 million to 800 million of these unlocked tokens back into escrow. Ripple releases only what it considers necessary to maintain healthy liquidity in the ecosystem, and the company has avoided significant selling pressure since the ETF approvals. According to Pumpius, this means the ecosystem is operating in a controlled balance where ETF issuers are absorbing a growing share of the circulating float, while Ripple keeps escrow output extremely conservative. The result is a slow tightening of supply that’s happening behind the scenes and may not yet be visible in price action but can eventually cause what he called a structural supply shock. When this happens, XRP will not move slowly, but it will break price levels with impact. Related Reading: Crypto Wins Big: Thailand Moves To A 0% Tax On Local Exchange Gains Still speaking of what is happening behind the scenes, Ripple has been advancing several developments that could strengthen XRP’s long-term position. A recent example is Abu Dhabi’s financial regulator formally recognizing RLUSD as a fiat-referenced token. Featured image from Unsplash, chart from TradingView
The Hyperliquid development team provided clarity on Saturday's token unlock in response to community fears of increased selling pressure.
Visa's stablecoin settlement monthly volume has scaled to a $2.5 billion annualized run rate, according to the payments giant's CEO.
According to the latest on-chain evaluation, the recently-launched spot exchange-traded funds (ETFs) in the United States have added a new dimension to the XRP price dynamics. Institutional Divergence From On-Chain Activity A Classic Accumulation Sign On Friday, November 28, Cryptonchain, in a Quicktake post on the CryptoQuant platform, shared insights into XRP’s recent price action. The market analyst revealed that a notable on-chain dynamic is in play. Related Reading: Why XRP Will Not Reach $100 By End Of Year Despite ETF Launch The relevant indicator here is the XRP Active Addresses metric, which tracks the number of wallet addresses actively interacting with the XRP Ledger within a specific time period. This indicator provides insights about retail engagement, network health, and demand pressure. The analyst reported that the XRPL Active Addresses metric has seen a decline to around the 19,400 mark, its lowest level this year. What’s intriguing about this change is that an asset’s price action is typically expected to be in line with its network activity; this case, however, proves to be atypical. According to CryptoOnchain, while the XRP Ledger collapsed to its lowest levels seen this year, a strong defense of the $2.20 price support appears to be going on. This divergent behavior, noted the analyst, classically signals that institutions are silently accumulating tokens away from the XRP network. When retail activity sponsors price rallies, there are expectedly spikes in network activity due to Fear Of Missing Out (FOMO) among traders. However, institutions operate differently, as off-chain accumulations take place via OTC desks and custodial services (for example, Coinbase Prime and BitGo). What It Means For Price The online pundit explained that the decline in the number of active addresses to levels around 15,000 to 19,000 points to a relative absence of retail investors, an investor class with an aggressive reputation. As price thus maintains stability through this retail scarcity, it is apparent that there is a growing supply shock due to ETF inflows and increasing institutional positioning. Related Reading: Bitcoin Price Future: The Polarized Predictions Between Bulls And Bears—Who Will Prevail? With these conditions in place, CryptoOnchain posited that it is rational to expect a major pump in the XRP price, but under the additional condition that retail liquidity returns in a fairly considerable amount. As of this writing, the XRP token is valued at $2.18, reflecting an over 2% in the past 24 hours. However, according to data from CoinGecko, the altcoin is up by more than 14% in the last seven days. Featured image from iStock, chart from TradingView
Denis Dariotis, the youthful founder and CEO of cryptocurrency-focused trading software firm GoQuant, talks about building a billion-dollar-a-day trading startup during his formative years.