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Spot SUI ETF Filed By 21Shares As Crypto ETF Race Gains Momentum

Jackson Kelley
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0
Spot SUI ETF Filed By 21Shares As Crypto ETF Race Gains Momentum

Key Insights:

  • 21Shares has filed with the SEC to launch a spot ETF based on the market price of the Sui (SUI) token.
  • The proposed ETF will hold SUI in custody with Coinbase and will use a benchmark index for daily valuation.
  • Unlike other filings, the 21Shares SUI ETF will not include staking and will process share transactions entirely in cash.

Asset manager 21Shares has proposed with the SEC to launch a spot exchange-traded fund tied to Sui (SUI).

This move comes as part of the expanding crypto ETF race in the United States. The filing also includes a strategic partnership with the Sui blockchain to strengthen market presence.

SUI ETF Proposal Marks Strategic Expansion by 21Shares

21Shares continues to grow its crypto ETF lineup by proposing a spot ETF tracking the market price of Sui (SUI).

The fund maintains SUI assets at Coinbase while using an index to determine daily asset valuation.

In contrast to other funds on the market, the ETF provides no staking functionality because it concentrates solely on price exposure.

sec
Source: SEC

While Canary Capital included staking in its Sui ETF filing, 21Shares opted to keep its structure straightforward.

The company maintains its cash-based method of share redemption for its available US ETFs. The S-1 filing reflects 21Shares’ effort to simplify crypto access through regulated products.

Sui’s strategic partnership works to extend global blockchain reach and stimulate new interest in the developing blockchain ecosystem.

Through this collaboration, the partnership could enhance crypto adoption in regions where market demand for crypto is emerging. As part of this strategy, 21Shares leverages its existing global presence to scale quickly.

SUI’s European ETP Momentum Signals Strong Demand

21Shares already offers a Sui Staking ETP in Europe, launched in July 2024, showing early confidence in the asset’s potential.

Managed assets controlled by VanEck’s Sui ETP and other products total $400 Million. According to CoinShares data released recently, the inflow total reached $72 Million in the current year.

Recently, Sui ETPs received an inflow of $20.7 Million among the total $72 Million that entered this week, indicating fast-growing investor participation.

The strong performance of Sui network-related products confirms growing interest among users in the Sui ecosystem.

Growing financial interest in these cash inflows has led to an intense focus on Sui’s blockchain infrastructure capabilities.

Sui gained 8.36% in value on May 1 to reach $3.70 during the trading session. This latest price surge occurred during a favorable weekly performance exceeding 16%, making it one of the top-performing digital assets.

Sui maintains the status of the eleventh-largest cryptocurrency worldwide at present with its $12.3 Billion market cap.

Crypto ETF Filings Accelerate as Regulatory Environment Shifts

21Shares is not alone in its push for new ETFs, as over 70 filings are under review by the SEC.

Several financial firms, including Bitwise, Franklin Templeton, REX Shares, and Grayscale, actively seek to launch ETFs connected to the digital currencies Solana and XRP, Dogecoin, and other cryptocurrencies. Among the proposed ETFs are Polkadot, Hedera, Avalanche, and Litecoin.

The approval chances for new ETF proposals are decent, according to Bloomberg analysts Eric Balchunas and James Seyffart, who identify Solana and Litecoin as leaders.

Growth in market activity and user adoption sustains XRP, Dogecoin, and Hedera as firms pursue them for adoption. Specialists expect swift approvals due to positive indications in present-day regulatory procedures.

SEC officials, led by Paul Atkins, are currently taking an innovative stance on the new policy enacted by the previous governing party.

The SEC has shown positive changes by ending court lawsuits and developing better relations with cryptocurrency companies.

Firms are accelerating their product releases and filing applications because of newly implemented updates.

Tether Surpasses $120B In U.S. Treasuries, Posts $1B Q1 Profit

Maxwell Mutuma
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0
Tether Surpasses $120B In U.S. Treasuries, Posts $1B Q1 Profit

Key insights:

  • Tether reported over $1 Billion in operating profit during the first quarter of 2025.
  • The company’s exposure to U.S. Treasuries reached an all-time high of nearly $120 Billion.
  • Total assets stood at $149.27 Billion, while liabilities were reported at $143.68 Billion.

Tether (USDT) disclosed strong financial figures in its Q1 2025 attestation, showing rising confidence in its reserves.

The stablecoin issuer achieved $1 Billion in operating profits as it maintained record-high U.S. Treasury investments amounting to $120 Billion.

The report, verified by BDO, a top-five independent accounting firm, shows that Tether continues to strengthen its financial position.

The official records presented total assets worth $149.27 Billion, which surpassed liabilities that amounted to $143.68 Billion.

The stablecoin issuer supported every single USDT issued with full asset reserves, which provided users with strong confidence through their $5.6 Billion excess reserve pool.

Tether operates under regulation in El Salvador and holds a stablecoin issuer license under the country’s Digital Assets framework.

The financial outcomes emerged during a period when the company advanced its worldwide user count and executed infrastructure programs alongside lengthy financial investments.

This growth supports Tether’s stablecoin operations while reinforcing its presence in the regulated digital asset ecosystem.

Through careful asset allocation and risk management, Tether has maintained price stability and liquidity.

Tether Hits $120B in Treasury Holdings

Tether has reached an all-time high in U.S. Treasury exposure, approaching $120 Billion in total value.

The portfolio contains investments in direct holdings, money market funds, and reverse repurchase agreements in short-term, highly liquid securities.

The company’s Treasury holdings resulted in over $1 Billion in operating profit during Q1 2025.

The company achieved high financial stability and maintained high liquidity through its conservative investment policy, which relied on traditional financial instruments.

The company’s earnings received additional support from successful operations within its gold holdings sector, which buffered against movements in cryptocurrency market values.

Tether emphasized that its gold assets acted as a natural hedge amid market swings in the digital asset space.

The company safeguards its cash reserves through instruments that can convert directly to cash whenever needed.

This liquidity ensures Tether can meet redemptions without delays while protecting against price instability.

The reserve composition and performance transparency add to Tether’s reputation in the stablecoin market.

Global USDT Users Now Exceed 415 Million

USDT experienced significant growth in circulating supply and wallet usage during Q1 2025, reflecting widespread market adoption.

The total supply of the stablecoin surged by nearly $7 Billion, resulting in an overall issued token count of $143.68 Billion in quarter-end statistics.

The rise in wallet numbers increased by 13%, registering 46 million new users who joined this protocol.

The worldwide user registration reported by BDO shows that the global user base currently exceeds 415 million.

This rising adoption is attributed to users utilizing Tether for savings and day-to-day transactions across emerging and developed economies.

Tether reported that 37% of its users now hold USDT primarily as a savings instrument.

The $30 Billion daily average represents active platform usage because it demonstrates strong liquidity and usage throughout various platforms.

Tether’s scale and reliability have supported this growth, ensuring efficient transfers and robust trading activity.

The expanded footprint of the stablecoin can be identified through a combination of rising supply and wallet creation and transaction volume growth.

Tether Gains Regulatory Approval in El Salvador

Tether now operates under regulatory oversight in El Salvador after receiving authorization under the nation’s Digital Assets regime.

The company enters a new developmental stage by adopting local compliance standards. El Salvador has become a central hub for Tether’s regulated activities in Latin America.

Up to $5.6 Billion worth of additional reserves surpass the required backing for USDT circulation.

Excess reserves are a protective mechanism stabilizing market conditions and meeting quick redemption needs. Tether confirmed that these assets are liquid, ensuring cash demands are met without risk.

The attestation also showed Tether’s ability to remain financially resilient while growing in scale and operational strength.

The company is dedicated to transparency and preserving capital while considering world expansion.

Tether plans to remain a stablecoin leader through regulatory participation in emerging markets.

They have also allocated over $2 Billion toward strategic investments under its division, Tether Investments.

Notably, Tether invests in peer-to-peer communications markets, artificial intelligence solutions, data infrastructure innovations, and renewable energy development.

The company’s long-term assets exist independently of the backing reserves supporting the issued tokens.

CEO Paolo Ardoino has emphasized Tether’s role in creating infrastructure for a decentralized digital future.

Current developments include the Wallet Development Kit and Tether AI, which are designed to improve accessibility and integration.

Ardoino described Tether AI as a decentralized and unstoppable peer-to-peer platform for future applications.

Bitcoin Whales Accumulate Amid ETF Outflows, Major Rally Ahead?

Anuj Bhor
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0
Bitcoin Whales Accumulate Amid ETF Outflows, Major Rally Ahead?

Key Insights:

  • Bitcoin rose to approximately $96,890 on May 1, 2025, marking a 2.90 percent daily increase.
  • The rise came despite a net ETF outflow of $56.23 Million, ending a two-week inflow streak.
  • Bitcoin Whales accumulated over 43,100 BTC between April 13 and 27, indicating strong buying interest.

Bitcoin maintained upward momentum on May 1, 2025, because investors continued to purchase coins despite recent withdrawals from spot ETFs.

During this 24-hour period, Bitcoin surged to $96,890, as its value increased by 2.90%. This move highlighted confidence among Bitcoin Whales, even as market data showed short-term hesitation.

A combination of withdrawals from Fidelity’s FBTC and Ark & 21Shares’ ARKB reached the exact amount of BlackRock’s inflows, leaving the market with $267 Million in withdrawals.

The $56.23 Million net money exodus signaled the conclusion of a two-week period in which ETFs generated profits.

Bitcoin’s resilience indicated that large-scale holders were consistently interested in buying Bitcoin.

BTC remains above $95,000 while technical analysis shows positive signs against bearish market forces.

The temporary market corrections lasted only briefly, as whale transactions helped force a quick market recovery. A price increase above $95,870 allowed Bitcoin to exceed $100,000.

Bitcoin Whales Accumulate Aggressively Amid Mixed ETF Activity

Bitcoin Whales continued accumulating aggressively as institutional ETF behavior showed divergence.

BlackRock spearheaded new acquisitions in the market as ETF entities briefly released money from their funds.

Last week, BlackRock’s IBIT purchased 25,430 Bitcoins worth $2.4 billion through LookOnChain data.

Through this buying activity, IBIT increased its BTC holdings to 601,209 units, thus demonstrating long-term Bitcoin investment beliefs.

Bitcoin whale accumulation resulted in more than 43,100 newly acquired BTC across the network during the April 13 to 27 period.

Through his analysis, Ali Martinez demonstrated an industry trend that pivoted toward buying and holding assets.

The Accumulation Trend Score almost achieved a value of 1 because larger investors now have more purchasing power in the cryptocurrency market.

The score suggests conviction remains strong among Bitcoin Whales despite short-term market fluctuations. Price pressure shifted upward, strengthening potential price growth in the future.

btc usd
source: X

Bitcoin Price Holds Above Key Support Level

The price of Bitcoin remained on the upper side of the Realized Warm Supply indicator at $94,550, indicating that medium-term owners were actively supporting it.

Strong accumulation from Bitcoin Whales supported this zone, limiting downside moves. The market responded positively to short-term selling activity, resulting in stable technical conditions.

The Bollinger Bands (BB) demonstrated that Bitcoin was approaching an elevation to $99,491 on its chart, indicating intensifying bullish activity.

RSI remained at 69.88 as it rested below the overbought threshold, demonstrating robust market momentum, which maintained control.

A reduction in volatility is expected after traders detect the overbought conditions.

BTC|USD 24-hour price chart
BTC|USD 24-hour price chart | Source: TradingView

Whale order heatmaps indicated that resistance appeared around the $97,600 area. According to CoinGlass, a surge of focused whale transactions worth $96,000 resulted in robust areas of support.

Trading activities within whale interest areas created strategic points that would determine possible breakout situations or consolidation patterns.

Whale Orders & Large Trades | Source: CoinGlass
Whale Orders & Large Trades | Source: CoinGlass

Bitcoin Open Interest Hits Record High

Bitcoin’s future Open Interest (OI) reached its highest point in history, reaching above $100 Billion.

Market volatility and the opening of exchange-based positions caused open interest to rise significantly. OI increases short-term price volatility and supports price strength.

Exchange BTC Futures
Exchange BTC Futures Open Interest | Source: CoinGlass

The BTC Long-Short Ratio exhibited equilibrium when resting near 1.05 on the 4-hour time frame, which indicated traders had neutral outlooks.

The equilibrium between long and short trader positions decreases the risk of sudden market liquidations, producing stability in the current bullish trend.

Market participants show cautious behavior with their leverage utilization when market conditions become volatile.

BTC Long-Short Ratio
BTC Long-Short Ratio | Source: CoinGlass

Buying pressure peaked when the Chaikin Oscillator hit 312, indicating the strong purchasing dominance in this market rally.

This metric aligns with Bitcoin Whales’ behavior and growing volume at key support levels. Expect the trend to rise as market feelings maintain their position over resistance barriers.

MVRV Test Signals Potential Uptrend Ahead

Ali Martinez described how the Bitcoin MVRV ratio verifies the 1-year Simple Moving Average (SMA) test.

A definitive move through the SMA should indicate an upward projection, which may lead to $114,230. The level shares its position with the succeeding MVRV-based main target.

Meanwhile, the Net Unrealized Profit/Loss (NUPL) shows long-term holders in the “denial” phase. The prior step demonstrates an atmosphere of uncertainty because it arises before crucial market changes take place.

However, Bitcoin Whales’ actions suggest forward-looking conviction despite current psychological hesitation.

A successful price close beyond $95,870 could initiate a push for Bitcoin to reach $100,000.

Technical evidence and an ongoing accumulation pattern create favorable conditions for this possibility.

The solid market environment, together with whale backing, has the potential to push BTC prices towards new levels.

Whales Bet Big On DOGE While Social Score & Charts Turn Bullish

Jackson Kelley
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0
Whales Bet Big On DOGE While Social Score & Charts Turn Bullish

Key Insights:

  • Large holders have accumulated over 100 million Dogecoin tokens in the past week, signaling strong confidence.
  • Dogecoin’s price has increased by 35 percent from its April lows and is currently trading around $0.1770.
  • Technical charts show the formation of a Livermore Accumulation Cylinder, indicating a possible long-term bullish breakout.

Dogecoin (DOGE) is flashing strong bullish signals as major holders accumulate millions of tokens.

The coin’s social dominance is rising, while key chart patterns point to potential breakout targets. Technical, on-chain, and sentiment data suggest DOGE may rally significantly in the near term.

Whales Accelerate DOGE Accumulation as Price Gains Strength

Dogecoin whales have significantly increased their positions, buying over 100 million tokens last week.

The growing supply warns practitioners to trust future price growth because the crypto market shows increased positive momentum. Dogecoin trades around $0.1770, up 35% from its April low.

Market transitions emerge when whales begin investing because they base their trading actions on long-term market expectations.

These investments demonstrate their belief in a positive market anticipation beyond the current price behaviour. These purchases have coincided with DOGE maintaining strong price support above $0.15.

The increased market purchasing signals technical indicators that support additional price appreciation ahead.

Several high-value investors known as whales have taken a strategic position for an anticipated breakout from the current trading range pattern.

Multiple previous instances indicate that this level of trading generates substantial price changes in the market asset.

Technical Patterns Support Bullish Dogecoin Forecast

Dogecoin is forming a Livermore Accumulation Cylinder on the charts, indicating a bullish long-term setup.

This completely unique pattern consists of expanding price points that create both enhanced highs and reduced lows. Completing such a pattern often leads to intense price increases.

Dogecoin Price Forecast
Dogecoin Price Forecast | Source: CryptoBullet

Analysts monitoring this formation suggest DOGE is near the bottom edge of the pattern. Technical analysts predict this support zone should lead to prices breaking through the past $3.

A complete pattern development would lead to price levels 280% higher than the present rates.

Meanwhile, the daily chart shows DOGE breaking out of a falling wedge, another bullish reversal signal.

The widest area within this wedge pattern reaches 63%, indicating that the price should aim for $0.2625 in the short run. Both patterns create a bullish convergence, which strengthens potential price increases.

DOGE Social Dominance and Derivatives Data Show Consistent Optimism

Social dominance data highlights growing attention around Dogecoin, with mentions increasing across digital discussion platforms.

DOGE’s share of mentions among the top ten coins has risen to 2.524%, up from 0.9% last month. The sudden steep rise shows investors are now actively looking at the meme-based asset.

The increase in social metrics drives market directional movement because it makes Dogecoin more noticeable and encourages users to participate.

The improved score suggests renewed interest and participation in DOGE’s community. The market trend agrees with price recovery measures and will probably sustain bullish market sentiment.

Additionally, derivatives market data shows sustained positive funding rates for Dogecoin.

The funding rate stayed positive throughout April, demonstrating that investors maintain control over the open positions in the market.

Rising market optimism becomes evident when traders pay additional premiums for holding long positions in this market.

DOGE Price Momentum Builds While Support Remains Intact

DOGE’s price has held firmly above key support levels, trading over $0.15 since mid-April.

The market achieved stability from its major indecisiveness in March and has maintained steady growth during the past two weeks.

The steady trends above the technical support level demonstrate Dogecoin’s consistent growth.

Open interest metrics data suggests strong support from leveraged traders because only a few long positions have been liquidated.

Despite current improvements, the market conditions favor Dogecoin to expand further.

Purchasing pressure from whales, coupled with increasing social activity, has the potential to drive price continuance.

DOGE OI-Weighted
DOGE OI-Weighted Funding Rate | Source: CoinGlass

The bullish trend remains intact only if prices remain above $0.1300, but any breach of this level would break the bullish structure.

All existing market data suggests that DOGE will continue to gain momentum while signaling a potential price increase. With chart patterns forming and derivatives aligning, DOGE could be entering its next major phase.

Bitcoin Whales Load Up as Retail Flees—Is a Major Reversal Near?

Josh Alba
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0
Bitcoin Whales Load Up as Retail Flees—Is a Major Reversal Near?

Key Insights:

  • Bitcoin whales are accumulating aggressively, with wallets holding over 10,000 BTC showing a strong increase in their positions.
  • The accumulation score for large holders has surged to 0.95, reflecting peak confidence despite market uncertainty.
  • Mid-sized holders with 1,000 to 10,000 BTC steadily increase their holdings, but at a slower pace than whales.

Bitcoin (BTC) price shows mixed signals as large holders accumulate while smaller wallet activity declines.

On-chain data highlights diverging behavior between major and minor market participants. This contrast points to a possible shift in market sentiment, raising questions about an upcoming price reversal.

Bitcoin Whales Boost Holdings Amid Uncertainty

The high-profile Bitcoin whales who own above 10,000 BTC continue to accumulate based on their strong belief in the investment potential.

This score indicates that major Bitcoin holders continuously intend to buy at current levels, reaching 0.95.

Their accumulation of data means they foresee at least ten more years of continuous growth, combined with their lack of concern about market fluctuations.

btc price
Source: glassnode

These major players demonstrate different actions than spot market participants, showing decreasing demand.

These wallets have demonstrated continued activity while building up their holdings throughout the past week.

The observed pattern demonstrates long-term price performance optimism among investors, thus indicating a possible redistribution strategy.

These wallets maintain steady operations during retail withdrawal periods, acquiring greater dominance over the price direction.

A market direction change typically follows when ownership concentrations shift in the market. People are starting to consider their actions a primary signal of changing market attitudes.

Mid-Level BTC Holders Lack Bullish Power

The buying patterns of wallets between 1,000 and 10,000 BTC demonstrate moderate accumulation scores within the range of 0.8 and 0.9.

The market activity levels measured by these entities do not match the intensity shown by larger holding entities, although they have not exited.

The entities build their positions at a steady pace while monitoring market trends.

This group supports the current price area while showing restrained accumulation habits.

Their continuous monitoring is crucial for market stability during periods of low volume activity.

Whales maintain greater involvement than this group, which indicates they are currently exhibiting cautious behavior.

The interactions of such users make little impact compared to dominant whale behaviors. As a price guard mechanism, these entities keep the market steady but lack sufficient strength to reach fresh price peaks without help.

The position taken by the sharks contributes to the overall indication that collective market sentiments distribute unequally between different groups.

Small Bitcoin Wallets Cut Buying Activity

The accumulation activity among wallets with 10 BTC or less remains stagnant, with a fixed score of 0.3.

The Phase shows diminished new investor participation and lower position investments because of declining interest.

Market participants in this category tend to choose profit-taking and adapt their behavior to anticipated market risks.

Spot market Bitcoin trade volumes decreased at the same time, smaller wallets showed decreased activity.

Spot market activity detected a substantial change because the weekly spot volume delta decreased from—$30.9 Million to—$193.4 Million from April 27 through April 29. Demand decreased drastically while sales pressure increased dramatically.

The Profit Taker RSI indicator from Glassnode reached 82, indicating that profit harvesting has reached an overheated state with excessive execution.

The indicator revealed that numerous users chose to take profits from their investments, which adds to the diminishing buy-side activities.

Collectively, these trends reveal retail participants have decreasing confidence while reducing their involvement.

BTC Price Goes Past $96K Mark

Bitcoin was trading at $97,013 above its pivotal support level of $94,000, having surged past the stick $94K to $95K zone.

The ongoing market interest can be observed through price action, yet the trading faced a daily downtrend, which reached its lowest point at $92,982.

The market shows a positive tendency while starting to demonstrate conflicting indications.

Relative Strength Index (RSI) measured at 70.13 while writing, while its moving average was 64.98. The ongoing upward potential, coupled with potential price overbought conditions, appears in the market now.

When the Relative Strength Index surpasses the current level, the price may experience increased selling activity due to traders looking for market corrections.

bitcoin price chart
Source: TradingView

The value of the MACD histogram reaches 588, while the MACD line at 3,176 plots apart from the signal line at 2,588.

Market data shows an ongoing strong buying trend, which implies minimal bearish forces operate at this moment. The negative spot volumes could lead to decreased divergence between these indicators.

Ethereum Prints Doji as Exchange Supply Falls to Nine-Year Low — Turning Point Ahead?

Maxwell Mutuma
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0
Ethereum Prints Doji as Exchange Supply Falls to Nine-Year Low — Turning Point Ahead?

Key Insights:

  • ETH prints a monthly doji, a pattern seen near major market bottoms.
  • Exchange-held ETH drops below 10% for the first time in nine years.
  • Market valuation metrics show ETH may be undervalued at current levels.

Both on-chain and technical signals are aligning and flashing early signs of a trend shift on Ethereum.

The monthly chart has formed a long-legged doji, and exchange supply has dropped to a nine-year low, both of which suggest downside pressure may be fading.

Doji Monthly Appears at Historical Bottoms

On its monthly chart, Ethereum has printed a long-legged Doji candlestick. When the open and close prices are very close but the wick (both upper and lower) is long, this is the pattern that is formed.

Trader Tardigrade shared a chart showing that this Doji comes at the lower end of the current market structure after a multi-month downtrend.

Ethereum monthly Doji
Ethereum monthly Doji | Source: X

Historically, the same pattern has appeared near price bottoms during Ethereum’s past cycles. This candlestick may indicate indecision or weakening selling pressure when it forms at the end of a downtrend.

At the moment, ETH is trading around $1,800, which is close to the levels where previous reversals started, including in December 2017 and mid-2020.

eth price
Source: X

This view is supported by the fact that Titan of Crypto’s chart also shows Ethereum’s monthly RSI hitting a low zone that has historically corresponded with major bottom formations.

Previously, RSI levels below 3.0 have marked the end of Ethereum’s bearish phases and have led to rallies of over 300% in 2019 and 2020.

Supply Drops to Historic Lows on Exchange

Further reinforcing this potential shift, Glassnode on-chain data shows that the percentage of Ethereum held on exchanges has fallen to the lowest point in nine years.

Now, the exchange balance is below 10%, from more than 30% in 2020. Even as Ethereum’s price has been in a broad range for the last year, this trend has continued.

ETH percent balance
ETH percent balance on exchanges | Source: glassnode

Lower exchange balances are usually a sign that investors are taking their ETH off of platforms, typically into cold storage or to stake.

This behaviour indicates less immediate selling pressure since coins held off exchanges are less likely to be traded actively.

A supply-demand imbalance can be created when supply on exchanges falls while price stabilizes.

This decline in exchange-held ETH also fits into a broader trend of staking and long-term holding.

Since the Ethereum merge and the introduction of staking rewards, more holders have decided to lock their ETH, providing a short-term reduction in circulating supply.

Delta Growth Rate and Market Valuation Reset

Additionally, Ethereum’s delta growth rate is important to look at, a comparison of market capitalization versus realized capitalization.

Alphractal’s delta growth chart indicates that the metric has now returned to a red zone, which in the past has corresponded with undervaluation.

Ethereum Delta Growth Rate
Ethereum Delta Growth Rate (Market cap vs. Realized Cap) | Source: Alphractal

This metric stayed in red from 2018 to mid-2019 before a sharp rise in Ethereum’s market cap. It briefly repeated the same pattern in 2022.

By May 2025, the delta growth rate is back in the negative zone, however, Ethereum’s price is still around the $1,700–$1,900 level.

This may indicate that the market value has come back to a level that is close to the realized value, the value at which many long-term holders bought their coins.

If demand increases but realized value stays the same, the price could start rising again if there is not a large supply entering the market.

Public Interest and Search Volume Remain Weak

Technical and on chain data are showing early recovery signals, but public interest around Ethereum seems low.

As you can see in the following Google Trends chart, tracking search volume for the term “Ethereum” over the past five years, the current interest is near bear market levels.

Ethereum interest
Ethereum interest over time | Source: Google

Current search activity is less than 20% of the level seen in October 2021, when interest peaked.

During key price movements, interest has increased slightly, but overall interest has remained flat during early 2025.

The lack of retail attention could indicate that any recovery is still in its infancy and is being driven by experienced market participants rather than broader hype.

In the past, when search volumes were this low, in early 2020, they usually preceded longer-term price recoveries.

The disconnect between market structure and public attention is similar to previous bottom periods, where sentiment was lagging.

With the long legged doji, reduced exchange supply, and low delta growth, Ethereum could be setting up a foundation while attention is limited.

BNB Chain Defies 15% Drop with Surging Q1 Growth and New Upgrades

Jackson Kelley
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0
BNB Chain Defies 15% Drop with Surging Q1 Growth and New Upgrades

Key Insights:

  • BNB Chain reported $70.8 Million in Q1 2025 revenue, a 58.1% increase from the previous quarter.
  • Wallet-to-wallet transaction fees surged by 122.6% and became the top revenue contributor, surpassing DeFi.
  • Unique on-chain users reached an all-time high of 517 million on February 11.

Despite a 14.8% decline in market cap, BNB Chain closed Q1 2025 with strong growth across revenue and network activity.

The network reported $70.8 Million in quarterly revenue, marking a 58.1% increase compared to the previous quarter.

Significant traction in wallet-based transactions, protocol upgrades, and DeFi utility fueled this upward momentum.

BNB Chain Leads Q2 Revenue Growth

BNB Chain experienced a sharp increase in wallet-to-wallet transaction fees, which became the primary revenue source in Q1.

The total fees grew 122.6% throughout the second quarter to become the main source of revenue, exceeding DeFi activities.

BNB’s revenue increased to 109,800 after starting at 69,500 because these figures included both traditional currencies and digital tokens.

Fees from wallet to wallet
Source: Messari

The total number of unique users on the chain crossed 517 million when measured on February 11. TST memecoin went live at the time when daily network activity reached its peak.

The influx of network participants substantially affected financial gains and network activity measures.

Revenue from fees
Source: Messari

The chain managed to maintain its fourth-ranking position as a crypto asset by market capitalization even though BNB coin prices had declined.

Fields like Bitcoin and XRP took positions ahead of BNB during the market assessment, as BNB demonstrated more value than Solana and Ethereum over the quarter.

Ethereum lost 45.2% in market value, while Solana experienced a 29.6% decline in its market value from April to June 2022.

BNB TVL Climbs Despite USD Decline

Smart Chain transaction activity on BNB reached 4.9 million daily operations at the end of the quarter because of a 20.9% increase.

The rise in daily active addresses reached 26.4% in Q1, demonstrating an average of 1.2 million user participation.

The number of stablecoin transfers combined with wallet-to-wallet payments constituted 74.4% of all blockchain transactions during the quarter.

Total stablecoin usage increased 28% throughout Q1, reaching 1.2 million daily transfer transactions.

Transactions between wallets increased 50.9% throughout the period, reaching 835,000 per day. The two segments delivered most of the network’s transaction speed and operational intensity.

Stablecoins accounted
Source|Messari

The revenue generated from stablecoin-related usage reached 5,745.1 BNB, a 23.4% increase from the previous quarter.

Stablecoin revenue decreased to represent only 5.2% of the total revenue metric because other business segments expanded at a faster rate.

The total DeFi revenue reached 9,274.9 BNB, growing 7.6% in the past quarter, although it slipped to the second position as wallet fees increased.

The USD expression of Total Value Locked decreased by 1.2% to reach $5.3 Billion. The total value locked in BNB terms experienced a 14.7% increase because BNB staking and restaking programs became more popular.

The consequent growth enabled BNB Smart Chain to surpass one competitor chain and achieve its position as the fourth-ranked in the TVL rankings.

Pascal Upgrade Enhances BNB Chain Capabilities

The Pascal hard fork brought additional technical benefits to the BNB Smart Chain during Q1.

Through Pascal, the EIP-7702 smart contract wallets and BLS12-381 cryptography became available on the Ethereum platform.

Other enhancements were implemented through gas abstraction, together with batch transaction support.

During this period, the network upgraded its gas limit feature from 120 million to 140 million gas units.

The infrastructure modification allowed for advanced blockchain transaction processing of high transaction volumes. Pascal is the first of three scheduled upgrades planned for BNB Chain in 2025.

The overall volume on decentralized exchanges (DEX) soared to $2.3 billion daily, representing a 79.3% rise.

Trading activity on PancakeSwap, constituting 91.8% of all DEX usage, experienced a 95.2% increase in volume.

This represented PancakeSwap’s leading position in the sector. The TVL of Kernel expanded 655.6%, while Venus Finance participated in boosting the platform.

Kernel TVL increased by 655%
Source: Messari

Restaking incentives at Kernel increased TVL from $81.9 Million to exceeding $500 Million. Venus Finance’s TVL dominance remained consistent, although they experienced a minimal reduction in borrowing activities.

Together, these platforms strengthened BNB Chain’s DeFi ecosystem and transaction throughput.

Revenue from bridge fees increased 8.6%, reaching 275.1 BNB, while MEV and infrastructure revenue decreased slightly.

However, the overall composition of BNB Chain’s earnings remained diverse and stable.

The network implemented an even distribution of segments to establish stability that would help it endure market instability.

KuCoin Pledges $2B to Fix Crypto’s Trust Problem—Will It Work?

Maxwell Mutuma
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0
KuCoin Pledges $2B to Fix Crypto’s Trust Problem—Will It Work?

Key Insights:

  • KuCoin has launched a $2 Billion Trust Project initiative to improve transparency and platform safety.
  • The Trust Project focuses on enhancing security systems, complying with regulations, and funding global educational efforts.
  • To protect its users, KuCoin plans to introduce advanced auditing tools and real-time threat detection.

KuCoin has announced a major $2 Billion initiative named the Trust Project to improve transparency and platform safety.

The multi-year plan focuses on platform security, regulatory compliance, and global education.

As centralized exchanges face mounting pressure, KuCoin aims to restore user confidence through structured and long-term commitments.

KuCoin Enhances Security Through New Initiative

KuCoin established the Trust Project, which delivers better platform transparency by providing verified reporting partnerships and enhanced risk management capabilities.

KuCoin intends to establish advanced monitoring features while providing frequent reports to users and regulators.

The platform has developed multiple measures that generate transparency and accountability across all operational levels of KuCoin.

Real-time monitoring systems and threat detection mechanisms are part of KuCoin’s security program, which the platform dedicates funding to.

The platform plans to recruit more personnel to its internal security unit while collaborating with independent auditing organizations.

These security measures will reduce potential risks and give KuCoin users greater protection across their network infrastructure.

During this period, KuCoin is developing infrastructure that meets local and international standards.

The Trust Project operates under regulatory partnerships to fulfill legal mandates in every market.

The pending budget allocation has not stopped the rollout of security implementation stages.

MiCAR Application Advances KuCoin’s EU Plans

KuCoin resolves regulatory issues by opening compliant markets while increasing its connections with governments across its regions.

After receiving approval from the Thai SEC, the exchange has established KuCoin Thailand as its latest licensed platform.

By opening KuCoin Thailand, the exchange demonstrates its dedication to following regional legislation during market entry.

The company initiated a Markets in Crypto-Assets Regulation (MiCAR) application process in Austria to reach customers within the European Economic Area.

KuCoin’s European Economic Area headquarters were established in Vienna because the company wants to enhance its ability to manage EU-wide compliance regulations.

The company seeks to construct an integrated regulatory framework supporting its nationwide business activities spanning 30 countries.

KuCoin worked to reform its compliance system after earlier facing difficulties in Japan, South Korea, and Hong Kong.

KuCoin continues interacting with regulatory bodies to manage legal operations while resolving detected issues. The Trust Project focuses on regulatory alignment as one of its fundamental aims.

Strengthening the KCS Ecosystem and User Education

The Trust Project serves KuCoin as an expansion accelerator to develop the KuCoin Token (KCS) ecosystem with increased user participation.

The company has not confirmed any buyback plans but focuses on delivering long-term token value enhancement.

The new plan includes service integration with KCS cryptocurrency and incentive-based rewards for platform subscribers.

Crypto education is an essential part of the initiative, which aims to teach users how to use crypto safely while maintaining responsible behavior.

KuCoin devotes its funding to establishing worldwide educational programs that teach people about financial intelligence, crypto dangers, and market behavior.

The allocated funds will focus on marketing initiatives toward various target groups, either new or existing users, throughout Latin America, MENA, and Asia.

KuCoin retained more than 38 million users during 2024 because demand remained strong even after earlier challenges.

Most user growth occurred through the adoption surge in Latin America and the Middle East.

The company intends to promote trust through local educational programs and sustained community relationships by providing regional services.

Multi-Year Roadmap Still Evolving

KuCoin has initiated the Trust Project before deciding on the exact allocation of funds. Security improvements, educational materials, and necessary regulatory filings form the core activities being conducted at present.

KuCoin’s leadership team implements this project as a multistage development approach that will receive additional updates during every implementation stage.

The organization guarantees regular updates and disclosures to all stakeholders, including users and oversight entities.

Implementing clear crypto regulations by different jurisdictions enables KuCoin to expect smoother progression in its expansion plans.

The exchange will be able to meet these requirements through open operations combined with effective compliance frameworks.

The Trust Project positions KuCoin as a platform investing in sustainability, not just short-term fixes. Its goal is to reshape the image of centralized exchanges amid industry challenges.

Whether this ambitious $2 Billion project meets its goals depends on execution, consistency, and long-term transparency.

Eric Trump Warns Banks Could Vanish Soon If Crypto Is Ignored

Anuj Bhor
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0
Eric Trump Warns Banks Could Vanish Soon If Crypto Is Ignored

Key Insights:

  • Eric Trump warned that traditional banks could disappear within ten years if they fail to adopt cryptocurrency technologies.
  • He criticized the current banking system as slow, expensive, and biased against average users and political conservatives.
  • During his visit to Dubai, he praised blockchain as a faster and more accessible alternative to traditional financial systems.

Eric Trump has issued a sharp warning to the global banking industry, urging rapid adaptation to emerging financial technologies.

He claimed that outdated systems, inefficiency, and exclusivity push the public toward digital alternatives.

As decentralized finance expands, Trump believes banks that ignore crypto could vanish within a decade.

Eric Trump Criticizes Outdated Banking Systems

Eric Trump voiced his criticism of legacy banking systems while in a meeting in Dubai. He said these structures remain too expensive and burdensome and need replacement.

He observed that existing banking funds serve the needs of wealthy individuals but block general users from equal opportunities.

He advocated for blockchain technology because it allows for fast, inexpensive transactions and wider participation.

Eric Trump’s involvement in cryptocurrency developed after he witnessed discrimination in U.S. banks.

He expressed his irritation toward financial organizations that could discriminate against their customers based on political classification.

Also, he noted that he settled on blockchain technology because it allowed operations without discrimination or unfair treatment.

During his interview, Eric Trump explained that SWIFT provides ineffective services and that blockchain-based messaging tools perform better.

The older infrastructure of financial systems falls behind communication methods from today, which enable instantaneous cross-border money flow.

According to his warning, a loss of significance in the global economy will affect institutions that do not adapt their operations.

TRUMP and MELANIA Meme Coins Raise Ethical Questions

The Trump family entered the cryptocurrency market by creating two personal meme coins, TRUMP and MELANIA.

People expressed concerns about these digital assets due to their election cycle implications, although they received digital attention.

The family promotes these coins while facing criticism since blockchain forms a core part of their business strategy.

According to Eric Trump, coins are instruments designed to attract more people into the digital economy.

From Trump’s perspective, meme coins have the power to grab attention from popular culture, thereby steering people toward embracing crypto.

Experts doubt the reliability of digital assets due to the close ties political figures maintain with these assets.

Representatives linked to Trump maintain a distinction between personal business interests and public duties regarding political responsibilities.

World Liberty Financial Plans Crypto Expansion

The Trump brothers operate World Liberty Financial to introduce a new stablecoin linked to the U.S. dollar value.

The project provides a safe digital asset as a dependable money alternative for everyday buying and selling needs.

The developers suggest this initiative will facilitate the connection between conventional banking and decentralized financial services.

Multiple financial technology leaders collaborate with World Liberty Financial to develop the platform.

Applications will include stablecoin, which supports fast, fee-free operations. According to Eric Trump, extending this system would diminish the need for conventional financial institutions.

According to the Trump family, stablecoin operates using dollars to meet users’ need for stability in an unpredictable market.

The coin can be used by all users who lack access to banking services and credit facilities. The platform works to include more people in financial services so it can build a larger user base beyond conventional banking services.

Bitcoin Mining Company ‘American Bitcoin’ Begins Operations

Eric Trump introduced American Bitcoin, which he founded in collaboration with Hut 8 CEO Asher Genoot to establish a new mining operation.

The company seeks to enhance Bitcoin mining operations within the United States while keeping Bitcoin’s production primarily in U.S. territories.

This initiative operates as a wider plan for American dominance in the production of digital assets.

American Bitcoin started constructing its mining facilities across various states that offer beneficial power conditions and regulatory support.

The company designed its operations to operate exclusively on clean energy to reduce environmental concerns related to crypto mining.

Eric Trump has confirmed that the firm prioritizes efficiency and scalability to establish global market competition.

Through this business venture, American Bitcoin aims to unite economic expansion with countrywide innovation standards.

The Trump family views at-home mining operations as crucial for giving the nation financial independence in an emerging decentralized economic environment.

This initiative is crucial in transforming the United States into a cryptocurrency production center.

On March 6, President Trump issued an executive order establishing both a Bitcoin reserve and a digital asset stockpile for the country.

Vitalik Buterin Reveals 2025 Ethereum Plan—Privacy Takes Center Stage

Jackson Kelley
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Vitalik Buterin Reveals 2025 Ethereum Plan—Privacy Takes Center Stage

Key Insights:

  • Vitalik Buterin has released a detailed roadmap for Ethereum’s development in 2025.
  • Privacy remains a central focus in Buterin’s plan, with efforts to implement encrypted messaging and privacy-focused tools.
  • He aims to strengthen decentralized communication and reduce reliance on centralized intermediaries within the Ethereum ecosystem.

Ethereum co-founder Vitalik Buterin has outlined a detailed roadmap for the network’s development in 2025.

His latest update focuses on privacy, finality, and security improvements across the core protocol and surrounding infrastructure.

The announcement follows a record increase in Ethereum network activity and changes within the Ethereum Foundation.

Vitalik Buterin Prioritizes Privacy in 2025

Vitalik Buterin confirmed that privacy will remain a primary concern for Ethereum throughout 2025. To ensure privacy, the core feature of the ecosystem must include decentralized, secure communication.

Ethereum will add secure communication through encrypted messengers and privacy-enhanced applications to all user tools.

ethereum
Source: warpcast

He plans to support improved software documentation and stronger information-sharing practices within the open-source Ethereum community.

He focuses on the Ethereum “social layer,” where governance and coordination improvements are needed. The direction works to decrease the reliance on central authority intermediaries.

Buterin has identified solutions to explore that will advance the privacy capabilities of developers and their end users.

His strategy involves deploying privacy enhancements that were released earlier this year. The objective is to ensure privacy becomes a long-term, sustainable component of the Ethereum protocol.

Ethereum Plans Faster and Safer Transactions

Ethereum’s protocol-level upgrades are also part of Buterin’s focus, especially the push for single-slot finality.

Each block under this design protocol feature would become final within 12 seconds. Due to these project developments, transaction confirmation will achieve both speed and reliability.

Buterin is researching creating single-slot finality technology, which will improve transaction processes while decreasing block validation time.

Such implementation would deliver transformative benefits to the network’s speed and usability performance.

The system upgrade would reduce the chance of network forks and improve blockchain operational reliability at the same time.

Buterin also addressed the future of Ethereum’s state management. He supports the movement towards a stateless model since nodes would no longer maintain complete blockchain state information.

Users of the Ethereum blockchain would need to supply important transaction data for every operation to minimize the processing strain on nodes.

Network Resilience Drives Buterin’s 2025 Vision

Buterin dedicates his attention to implementing protocol system upgrades, cybersecurity protocols, and client resilience initiatives.

A major part of his vision includes backing software development across wallets, nodes, and end-user interfaces.

As user numbers increase, improved tool capabilities will maintain security and decentralization.

Ethereum must resist internal and external threats while enabling secure user experiences. According to Buterin, successful long-term operation requires eliminating system elements with a single possible failure point. Additionally, he is developing tools that deliver network-wide user protection.

Better client software design is among his priorities since it aims to maintain friendly interfaces and privacy protection features.

These changes will align Ethereum with its original goals of being secure, permissionless, and censorship-resistant.

Ethereum Hits 15 Million Weekly Users

The Ethereum network recently reached over 15.4 million unique active addresses per week. This network development benefited largely from Layer-2 protocols, which enabled 13.45 million out of 15.4 million unique addresses.

Weekly chart of unique active
Weekly chart of unique active addresses in the Ethereum ecosystem | Source: GrowThePie

This milestone coincides with changes at the Ethereum Foundation leadership level. The organization recently liberated Buterin to work primarily on research efforts, according to co-executive director Tomasz Stańczak.

By moving into a new role, Buterin dedicates his time to defining strategic goals and technical advancements.

Buterin has directed his focus more explicitly after maintaining his continuous impact on network development.

His research continues to shape Ethereum’s strategic direction and technical design. The timing of his renewed attention aligns with Ethereum’s expanding usage and broader ecosystem growth.

SEI TVL Surpasses $500M—What’s Powering This DeFi Explosion?

Maxwell Mutuma
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0
SEI TVL Surpasses $500M—What’s Powering This DeFi Explosion?

Key Insights:

  • Sei Network’s TVL hits an all-time high of $514M, up 300% in 60 days.
  • Active addresses remain above 200K, peaking at 465K on April 25.
  • Open Interest rebounds as SEI climbs 50% from April lows, signalling renewed confidence.

The Total Value Locked (TVL) on Sei Network is heating up, passing $500 million, and daily user activity is still strong.

As performance-focused infrastructure continues to drive demand and utility, the network is getting renewed attention from DeFi users, as well as AI and DeSci developers.

Total Value Locked Hits All-Time High

Sei Network has officially hit an all-time high of over $500 million in Total Value Locked (TVL).

This is a major rise from under $10 Million that was recorded just a year ago.

In the past 60 days alone, TVL on Sei has grown by 300%, indicating strong capital inflow into the ecosystem.

Sei TVL
Sei TVL | Source: DefiLlama

Although TVL has hit new highs, the SEI token price is still far below its previous all-time high. According to DefiLlama, at press time, SEI was trading at around $0.21, nearly 80% down from its all-time high.

The rising TVL and relatively lower price, however, indicate that users are putting capital into the network faster than the token price is rising.

And sometimes this divergence can suggest long-term user trust and platform stickiness.

Daily Activity Shows Growth and User Retention

However, Sei Network’s daily active addresses have been strong over the last three months.

The network has always had more than 200,000 addresses, indicating that the network is in use. Active users grew steadily from mid-April, reaching around 465,000 on April 25.

Sei daily active addresses
Sei daily active addresses | Source: Artemis

Since then, activity has dipped slightly, but the overall trend is still positive. The network is not only attracting capital, but it is also keeping users and keeping them active over time with sustained high address activity and TVL growth.

This is important for network health as it implies that applications are being used and not just holding locked assets.

Moreover, Sei’s ongoing momentum gets another layer from futures market data. The Open Interest, which measures the total value of outstanding futures contracts, peaked at over $300 Million in December 2024.

For months, it declined, reaching near $65 Million by March 2025. But the rebound was clear in early April.

SEI futures open
SEI futures open interest | Source: CoinGlass

As of writing, Open Interest has recovered to above $100 Million. This rebound occurs at the same time as a price increase in SEI, which went from under $0.15 to over $0.20.

In this alignment, we see that traders are beginning to reenter the market, probably in anticipation of more price movement or more activity. It also implies better confidence in SEI’s short-term direction.

Strong Use Case in AI and DeSci Pushes Interest

Moreover, SEI has once again become the focus of renewed attention because it plays a role in AI-driven infrastructure.

SEI is the third-highest ranked AI-focused crypto asset on DappRadar, behind only NEAR Protocol and Fetch.ai. The ranking is based on both its technical capacity and growing adoption.

Top AI coins & token rankings
Top AI coins & token rankings | Source: DappRadar

SEI’s infrastructure is built to deal with high workloads and low latency, a good fit for AI applications.

It can scale large datasets and real-time processing as it supports multithreaded execution and fast block times.

The performance advantages of SEI are why developers building AI-powered apps are increasingly turning to SEI.

SEI has also taken steps in the decentralised science (DeSci) space to support innovation. The Sei Foundation launched a $65 Million venture fund, Sapien Capital, to back DeSci startups in January 2025.

This fund is in wearable health technology, gamified drug discovery, and secure health data platforms.

The aim is to empower users to have more control over their personal data and move forward with personalised medicine with blockchain tools.

Key Technical Levels and Price Outlook

SEI had recently touched the upper Bollinger Band. $0.2820 is the nearest resistance, which can be a price ceiling unless strong momentum breaks through.

However, if the price is rejected, it could fall back to test support around $0.1827 and bounce to restart the trend.

SEI/USD
SEI/USD | Source: TradingView

The early convergence of the MACD indicator indicates that price momentum is still alive but might take a pause or consolidation before the next move.

The network fundamentals are still improving, and traders are watching this zone closely for a clearer signal.

With TVL still climbing and new sectors like AI and DeSci gaining developer and investor interest, the outlook for SEI is still on real-world use cases and on chain activity, not just short-term speculation.

STH Metric at 58%—Is $171K BTC the Next Profit Peak Target?

Josh Alba
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STH Metric at 58%—Is $171K BTC the Next Profit Peak Target?

Key insights:

  • The STH Realized Price YoY sits at 58%, well below historic peak levels near 140%.
  • Whales have accumulated over 43,100 BTC worth nearly $4 Billion in just two weeks.
  • A golden cross between the MVRV Ratio and its 365-day SMA could signal a new Bitcoin bull run.

The market is holding above $94K, and Bitcoin’s on-chain indicators are flashing bullish signals.

The STH Realized Price metric has a lot of room to grow, and whales are quietly scooping up billions in BTC. Momentum could build fast with a potential MVRV crossover and bullish price pattern

STH Realized Price Still Low Compared to Previous Cycles

According to the recent CryptoQuant data, the Short-Term Holder (STH) Year-over-Year (YoY) Realized Price metric is at 58%.

This metric is the current average price paid by short-term holders over one year. It has historically played a key role in spotting market tops.

Bitcoin short-term holder (STH)
Bitcoin short-term holder (STH) You realized price | Source: CryptoQuant

This metric was 165% during the early 2021 rally and 144% during the late 2024 rally in the previous cycle.

They happened near Bitcoin’s all-time high of around $70,000 and $100,000. If the same metric were to return to a 144% reading, it would require the asset to hit around $171,000 at today’s price of $94,000.

That indicates there is still potential for the current cycle to grow before reaching levels of profit taking similar to the past.

Whales Increase Holdings by Over 43,000 BTC

Even though STH metrics show restrained realized profits, whales are still accumulating.

According to data from CryptoQuant, whales have accumulated over 43,100 BTC in the past two weeks. At current market prices, this amount is worth nearly $4 Billion.

Bitcoin total whale holding
Bitcoin total whale holdings* and monthly % change | Source: CryptoQuant

Whale wallets’ total balance increased from about 3.4982 million BTC on April 13 to 3.5413 million BTC on April 27. The steady increase in holdings implies that larger investors are positioning for future upside.

While short term sentiment has been mixed in recent sessions, this level of whale buying provides additional support to the ongoing support for Bitcoin.

And if it continues to accumulate at this pace, it could serve as a buffer against steep falls, particularly in times of uncertainty.

MVRV Ratio Approaches Bullish Cross

Another metric that’s been moving interestingly is the MVRV Ratio (Market Value to Realized Value).

It compares the amount of money invested in the Bitcoin network with the market capitalization of Bitcoin.

Currently, the MVRV Ratio is at 2.1, close to crossing above its 365-day simple moving average (SMA).

Bitcoin MVRV ratio
Bitcoin MVRV ratio | Source: CryptoQuant

Historically, a golden cross between the MVRV and its 365-day SMA has been the start of new bullish phases.

CryptoQuant’s chart highlights this crossover with a yellow line, and the MVRV curve itself appears to be moving upward again.

Should the MVRV ratio continue to increase and break above the long-term average, it may be a sign of renewed buying strength.

This would be supportive of the idea that the broader market is moving out of a reaccumulation phase.

Bitcoin was nearing or hitting local tops at previous MVRV highs above 3.5.

Because current levels are so much lower, the market could still have room to grow before repeating those patterns.

Ascending Triangle on Short-Term Chart Suggests $99K Breakout

From a technical analysis point of view, Bitcoin is forming an ascending triangle in the short-term price action.

This is usually considered a continuation pattern where horizontal resistance is tested multiple times and higher lows are created to support.

Bitcoin ascending triangle
Bitcoin ascending triangle | Source: X

Trader Tardigrade shared this chart, which makes this structure clear. At $95,350, there is the resistance zone, while at $93,650, the upward sloping trendline is holding.

The pattern implies a target of about $99,000 if the price breaks above the resistance level.

Long-term metrics look for more upside, but short-term charts will be important for tracking entry and exit points.

With rising whale holdings, a potential MVRV crossover, and bullish technical patterns, it seems that institutional and retail players are increasingly interested in the asset.

XRP ETF Hype Builds, but Crowded Longs Below $2 Raise Red Flags

Maxwell Mutuma
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0
XRP ETF Hype Builds, but Crowded Longs Below $2 Raise Red Flags

Key Insights:

  • XRP liquidation heatmaps show dense long positioning between $1.60 and $2.40.
  • ProShares XRP ETF delayed to May 14, adding timing risks for traders.
  • Ripple CEO highlights XRP’s real-world payment potential beyond speculation.

ETF hype is giving XRP momentum, but heavy long positioning below $2 is a cautionary sign. As the ProShares XRP ETF is delayed and liquidation zones are forming, traders are exposed to more short-term risk while Ripple continues to make progress with real-world adoption narratives.

Volatility May Be Triggered By Liquidity Clusters Near $2

Recent heatmaps of XRP liquidation levels show a high concentration of long positions below $2.

Alphractal’s one-month data shows there are unliquidated long positions accumulated between $1.60 and $2.00, with a number of visible zones reaching back to $1.40.

During sharp price swings, these areas could be targeted as they are high liquidity zones that are susceptible to liquidation.

XRP aggregated liquidation
XRP aggregated liquidation levels heatmap (1 month ) | Source: Alphractal

On the one-week view, positioning is similar, with heavy long exposure just below $2.20 and smaller, more tightly packed bands at $2.40. XRP’s price is heading towards $2.40, and if it gets rejected in this area, it could quickly reverse into a downside move.

Liquidation heatmap (7 days)
Liquidation heatmap (7 days) | Source: Alphractal

The bands are based on trader behaviour with leverage and risk placement across multiple exchanges.

At these price levels, short-term volatility tends to increase because of forced closures of leveraged trades.

ETF Delay and Market Structure Add Layers of Uncertainty

Meanwhile, ProShares Trust’s XRP ETF, which was expected to launch soon, has been postponed until May 14, 2025.

The new effective date under the Investment Company Act of 1940 is confirmed by the SEC filing.

The delay doesn’t mean rejection, but it does introduce a timing element that traders will be watching closely. XRP is nearing multi-month highs and speculative interest around the ETF is high.

Trading structure on lower timeframes is cautious. In early 2024, the last major altcoin ETF approval event saw a sharp drop in Bitcoin’s price.

Back in the day, Alphractal noted that Bitcoin retraced to $11,000 from $49,000 soon after its ETF went live, in spite of the positive sentiment.

Now they warn that XRP could follow the same path as it is “highly speculative and longs are concentrated below current price levels, which makes a pullback before continuation trend likely.”

Broader Vision from Ripple CEO Supports Long-Term Narrative

Although technical risks persist in the short term, Ripple’s leadership is still focused on broader adoption and practical use cases.

In a recent interview, Ripple CEO Brad Garlinghouse discussed how XRP could be the key to changing how people get paid.

He asked,

This statement puts a strategic layer on the ETF and trading activity. Short-term trading is based on price and liquidation levels, but Ripple is trying to redefine settlement efficiency in payroll systems and cross-border flows.

These parallel developments have resulted in the growing interest around XRP, both speculative and practical.

Traders are also watching liquidation levels and ETF dates while also paying attention to the bigger themes that could support XRP in the long term.

Whether the price rises above $2.40 or pulls back temporarily, the fact that leveraged positioning and institutional interest are focused on XRP heading into mid-May keeps it in focus.

Will Altcoins Explode Soon? Santiment Report Fuels Altseason Hope

Anuj Bhor
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0
Will Altcoins Explode Soon? Santiment Report Fuels Altseason Hope

Key Insights:

  • Altcoins may surge soon as traders shift focus from Bitcoin to smaller market-cap tokens.
  • The crypto market has gained 10.2% recently, while Bitcoin has contributed only 7.6% to that growth.
  • The TRUMP coin regained attention after new incentives were announced for its top holders.

According to Santiment, altcoins may soon surge following Bitcoin’s recovery and increased trader speculation.

The market rates the crypto sector’s performance positively, averaging a 10.2% gain. With the Bitcoin cap at 7.6%, the market energy transferred to smaller cryptocurrencies.

Many traders expect a broader altcoin season, especially after Bitcoin bounced back into the $94K to $96K price range over the past five days.

The price increase generated market predictions about substantial profit reorganization. Retail investors remain interested in retail operations, even though the market declined during January-April.

The shift from Bitcoin dominance to altcoins is becoming clearer. Market capitalization of smaller cryptocurrencies becomes the focus of new market sentiment.

Activity suggests traders are positioning themselves for high-reward opportunities across the altcoin space.

Altcoin Market Heats Up as Bitcoin Stalls

Altcoins gained traction as the crypto sector outpaced Bitcoin’s contribution to recent market growth.

Bitcoin’s rise in market value encouraged traders to allocate funds to smaller cryptocurrencies for increased profitability.

Following subdued performance earlier in the year, altcoins captured rising market interest.

A renewed interest in altcoin-related discussions appeared across multiple platforms. The appearance of keywords such as “altcoin,” “altcoins,” and “altseason” highlighted a broader trend.

The market is demonstrating an upward trend in focusing on investment opportunities with high growth potential.

As per data by Santiment, participants detect market patterns that match previous cycle peak points; the two last major rallies in 2017 and 2021 mimicked the same pattern of low-cap asset market activity spikes.

Numerous investors find the present moment suitable because standard market signs show that a new cycle phase has started.

Meme Coins Gain Massive Community Support

Altcoins in the meme category are experiencing increased community engagement. The growth of public discussions concerning meme-based tokens has reached massive levels across various social networking platforms.

The market follows a specific pattern that emerges because traders engage in excessive speculation.

Most traders do not enter meme rallies until late, so they cannot experience peak price growth.

The minority group that detects trends ahead of mass adoption will benefit. This reinforces the idea that early positioning remains critical during speculative altcoin cycles.

Market appreciation toward unstable assets becomes more pronounced despite meme coins’ significant risk levels.

Due to their positive market outlook, individual investors actively participate in the market to achieve quick profits.

As interest in such assets continues to rise, the market capitalization experiences brief but intense spikes.

TRUMP Coin Sees Renewed Trading Surge

TRUMP, a politically tied altcoin, re-entered public attention after being dismissed as a short-lived pump.

The cryptocurrency gained more strength after official statements came from its associated person. Top holders received unique event invitations that intensified the ongoing market interest.

TRUMP coin started trading operations right before the presidential inauguration in January.

TRUMP coins saw an initial surge of interest, which was followed by decreased momentum until their newest marketing campaign took effect.

The latest surge of popularity coincides with growing predictions about cryptocurrency developments linked to political figures.

The TRUMP platform welcomes all authorized holders to a White House celebration for the top 200 participants.

Holders among the top 25 owners will receive an additional level of access with private tours.

These announcements revived trading activity and enhanced visibility among politically engaged altcoin buyers.

Altcoins Enter Predicted Growth Phase

Popular trader Merlijn noted that the altcoin shakeout phase likely ended in early 2025. He assessed the recent market trends against the organization of 2016 and 2020.

The previous market cycles generated large price appreciations, which indicates that a similar outcome could transpire.

The cryptocurrency market follows a historical pattern that repeats every four years. This includes mid-cycle recoveries, followed by altcoin outperformance.

Current momentum supports the theory that altcoins are entering a high-growth period.

Some market actors fail to understand cycle stages and incorrectly predict the timing and run of these phases.

The most dominant voices in social media interpret market patterns through a four-year cycle perspective. The speculative energy surge has sustained the adoption of this framework in the market.

Will Alex Mashinsky Pay for Celsius Collapse? DOJ Wants Harsh 20 Years

Maxwell Mutuma
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0
Will Alex Mashinsky Pay for Celsius Collapse? DOJ Wants Harsh 20 Years

Key Insights:

  • Federal prosecutors are pushing for a 20-year sentence for former Celsius CEO Alex Mashinsky.
  • Mashinsky admitted in December 2024 that he led fraudulent activities, causing over $550 Million in losses.
  • The Department of Justice emphasized that Mashinsky’s fraud was deliberate and intended to deceive customers.

Federal prosecutors seek a 20-year sentence for Alex Mashinsky, former CEO of the collapsed crypto lender Celsius.

Mashinsky’s sentencing comes after he admitted to leading a calculated scheme that caused massive financial damage.

The U.S. Department of Justice emphasizes the need for a strict penalty to deter future misconduct within the cryptocurrency sector.

DOJ Seeks 20-Year Prison Term for Alex Mashinsky

The Department of Justice submitted a sentencing memorandum urging the court to impose a two-decade prison term on Mashinsky.

Officials argued that Mashinsky’s leadership directly resulted in the loss of nearly $4.7 Billion in digital assets.

The officials point to deliberate misconduct, not market volatility or mistakes, as the cause of the fraud.

Preliminary statement
Source| storage.courtlistener

Mashinsky pleaded guilty in December 2024, admitting he orchestrated fraudulent activities while enriching himself with at least $48 Million.

According to prosecutors, Celsius had allegedly become unsafe through frequent publicity of being a safer financial option compared to traditional banks.

The internal records from Celsius revealed that the company took on dangerous loan terms and participated in both market manipulation and speculative trading activities.

Court documents revealed Mashinsky sold tens of millions worth of CEL tokens while falsely assuring users he was holding them.

The investigation exposed that Mishinsky planned his fraudulent actions with explicit self-motivated goals instead of defective business practices.

The DOJ claimed that a heavy punishment was needed to send a message about the extent of his crimes.

The Justice Department emphasized the destruction caused to thousands of unsuspecting individuals who had placed their cryptocurrency assets into Celsius’ custody.

A total of 200 victim impact statements provided evidence about the victims who suffered financial breakdowns while experiencing mental health problems and family separation.

Many called for the maximum sentence, comparing Mashinsky’s fraud to infamous historical financial crimes.

Probation officers recommended a 15-year sentence while Mashinsky’s defense team requested just over one year.

The DOJ insisted that Mashinsky’s actions warranted a stronger response to prevent similar cases.

Co-Founder Shlomi Daniel Leon and Others Also Face Legal Scrutiny

While Mashinsky faces a harsh sentence, other former Celsius executives are under legal scrutiny for their roles in the collapse.

Shlomi Daniel Leon, who co-founded Celsius with Mashinsky in 2017, was charged by the Federal Trade Commission.

Leon left his position as Celsius’ chief strategy officer in October 2022 shortly before the platform delayed all customer withdrawals.

In July 2023, the FTC issued a $4.7 Billion fine against Celsius, naming Leon and co-founder Hanoch Goldstein alongside Mashinsky.

The legal charges against Celsius stemmed from misleading customers about product use while their funds remained unrecognized property.

Leon’s involvement strengthened the investigation into widespread fraudulent practices at Celsius within its executive level.

The FTC demonstrated that Celsius exploited user funds by using them to gamble in speculative transactions while hiding its conduct.

Executive members at Celsius benefited from personal profits at the expense of the company’s financial condition, which worsened.

Although Mashinsky remains the primary defendant, authorities are working to ensure other responsible parties face legal consequences.

According to prosecutors, Leon and Goldstein led Celsius operations through choices that harmed customers.

CEL Token Price Surges Despite Celsius’ Collapse and Legal Challenges

Meanwhile, the CEL token experienced a surprising rally even as its parent project crumbled and its leadership faced prison.

On April 29, CEL surged as high as $0.189, marking a 184% rise from its April 17 low near $0.06. The sudden surge carried the token above multiple defined resistance markers through sustained market force.

CEL cleared the 0.236 Fibonacci retracement at $0.102 and broke through additional resistance at $0.128 and $0.143 zones.

The token encounters initial resistance at $0.168 because this price point equals the 0.618 Fib retracement and the 200-day EMA levels. A successful break above could drive CEL towards $0.197, aligned with the 0.786 Fib level.

CEL|USD 24-hour price chart
CEL|USD 24-hour price chart | Source: TradingView

The Relative Strength Index (RSI) indicator reached 81 levels, showing that prices were highly overbought.

On the downside, CEL found initial support near $0.143, followed by secondary cushions at $0.128 and $0.102.

Despite the rally, analysts warn that the surge remains disconnected from Celsius’ ongoing legal and financial troubles.

ETH Price Eyes $2,000 Breakout as ETF Inflows and Bull Flag Align

Jackson Kelley
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0
ETH Price Eyes $2,000 Breakout as ETF Inflows and Bull Flag Align

Key Insights:

  • Ethereum surged to $1,860 on April 28, marking its highest price since April 2.
  • ETH price broke above the $1,800 resistance level and maintained its position through April 29.
  • The bullish breakout has increased the probability of ETH targeting the $2,000 price level soon.

Ethereum’s (ETH) recent surge to $1,860 marks its highest price since April 2, showing strong upward momentum.

The ETH price is gaining traction, supported by rising demand and bullish technical signals. The current market conditions suggest that ETH could reach the $2,000 mark in the near future.

The digital asset exceeded its essential $1,800 resistance level while maintaining trading above this threshold until April 29.

This move comes as momentum builds across the Ethereum network and spot ETF market. Technical signals along with trend indicators demonstrate short-term potential to rise in value.

Literature reviews from market analysts identify this breakout as a potential force behind altcoin growth provided Ether survives its present market strength.

Trader attention remains fixed on the $1,800 support level that has acquired significant importance in the market. If the ETH price holds above this, the path to $2,000 becomes more likely.

https://twitter.com/kirangadakh16/status/1917129525013471255

Ethereum ETF Inflows Point to Growing Institutional Confidence

Ethereum-based exchange-traded funds recorded $64.1 Million in net inflows on April 28, continuing a strong demand trend.

The exchange-traded funds linked to Ethereum registered $151.7 Million inflow during the week ending April 25.

The surge in activity reflects renewed confidence among institutional participants in Ethereum’s long-term potential.

Additionally, investment products tied to Ethereum attracted $183 Million last week, ending an eight-week streak of outflows.

Etherum benefits from capital inflow at the market level when broader macroeconomic conditions engage global participants.

Digital asset interest has been reviving because U.S. dollar strength has lost its power.

Organizations subject to financial regulations are expanding their ETH exposure via regulated products which generates continuous buying pressure.

As more funds enter Ethereum vehicles, available supply shrinks, potentially supporting the ETH price climb. Both retail investors and institutional players show rising interest at present.

Ethereum TVL Rises to $51.8 Billion

Total value locked (TVL) on Ethereum rose to over $51.8 Billion, highlighting growing participation in the ecosystem.

Over the past seven days, Ethereum’s TVL increased by 16%, showing strong network demand and user confidence.

The increase in value locked in DeFi protocols was driven by several major platforms, which led to the rise.

Ethereum TVL and daily DEX volumes
Ethereum TVL and daily DEX volumes | Source: DefiLlama

The TVL growth was spearheaded by Aave, which increased by 13.5% and EigenLayer and Lido as well as Ether.fi displayed identical rises.

These projects reflect heightened Ethereum-based activity amid rising token prices and increased staking.

Combined, they strengthen Ethereum’s position as the leading layer-1 network by DeFi engagement.

Ethereum’s TVL growth outpaced most other networks except SUI, which saw a 47% jump.

Despite this, Ethereum maintains a significant lead in total value and infrastructure adoption. Continued activity on the platform may offer further support for the ETH price.

ETH Price Forms Bull Flag Pattern

ETH price formed a bull flag pattern on the four-hour chart, typically seen before a continued upward move.

The bull flag validation became official when prices exceeded $1,800 on April 29. This technical structure now projects a potential ETH price target near $2,100.

ETH|USD 4-hour chart
ETH|USD 4-hour chart | Source: TradingView

Evaluation of the flagpole height indicates a potential price rise of 15% from the current value.

The bullish outlook receives additional backing from momentum indicators because the relative strength index (RSI) maintains a position above 60.

The market situation suggests that buyers maintain control which enables them to drive prices even higher.

Some market analysts project price rejection at $1,860 but ETH maintains its strength among investors.

The upward trend will continue to exist when ETH maintains a position above $1,800.

Continued buying volume would confirm the breakout and drive the ETH price closer to $2,000.

Dogecoin ETF Journey Begins As Nasdaq Files Crucial S-1 Form

Maxwell Mutuma
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0
Dogecoin ETF Journey Begins As Nasdaq Files Crucial S-1 Form

Key Insights:

  • Nasdaq has submitted an S-1 form to the SEC to launch the 21Shares Dogecoin ETF.
  • The SEC will publish the S-1 filing in the Federal Register and invite public comments before deciding.
  • Dogecoin price remained stable around $0.1786 following the Nasdaq S-1 filing without showing immediate movement.

Nasdaq has officially initiated the approval process for the Dogecoin ETF by submitting an S-1 form to the US SEC. This crucial step positions the 21Shares Dogecoin ETF to be reviewed for listing and trading on the exchange.

Institutional investors are showing growing interest in Dogecoin. Their focus is shifting toward their marketplace performance and future potential.

SEC will soon publish the S-1 filing in the Federal Register and invite public comments regarding the proposed Dogecoin ETF. The decision-making process will start after the public comment period and the regulatory assessment procedure are completed.

According to the financial market, this move will facilitate the integration of digital assets into traditional financial infrastructure. This filing follows asset manager 21Shares’ submission of a 19b-4 form.

The move signals a clear intention to introduce a Dogecoin ETF, potentially shaping the market. The 19b-4 document is vital to the SEC since it details the modifications needed for ETF listing.

Rising market interest is evident in the joint filing activities for Dogecoin. These filings highlight the growing demand for regulated cryptocurrency investment products.

Dogecoin ETF Race Grows Among Firms

The Nasdaq S-1 filing indicates that institutions will get regulated ETF access to Dogecoin. The S-1 document outlines the fund’s structure and associated risks.

It also defines its mission and foundation in digital assets. If approved, the Dogecoin ETF would allow large capital managers to gain direct exposure to the coin.

Nasdaq Proposes Dogecoin
Nasdaq Proposes Dogecoin ETF Listing | Source: SR-NASDAQ

The SEC evaluates submissions in various steps, starting with public review publication and continuing until formal assessment completion. Despite requiring multiple feedback sessions and revisions, the review process becomes faster when Nasdaq joins the evaluation.

The requirement for regulatory clarification has become essential since multiple asset management organizations have pursued the launch of crypto-based ETFs. Besides 21Shares, Grayscale, and Bitwise have also submitted applications to launch their Dogecoin ETF offerings.

Major corporations continue to file applications because they sense increasing market demand for crypto investment products. Additional filings can be anticipated because the rising popularity of mainstream finance in meme-based cryptocurrencies holds significant momentum in the market.

Each asset management group strives to obtain a portion of the digital asset market that demonstrates increasing annual growth. The introduction of regulated ETFs presents an opportunity for professional fund managers to enter the Dogecoin market despite its high volatility.

The increasing market competition signals the evolution of investment opportunities linked to financial products based on cryptocurrencies.

Dogecoin Charts Signal Possible Price Breakout

Following Nasdaq’s S-1 filing, Dogecoin price showed little immediate movement, maintaining a narrow trading range around $0.1786. Market participants indicate bullish signals through their recent trading activity, even though the S-1 filing failed to generate immediate market effects.

Dogecoin has gradually climbed from its early April lows, bolstered by improving volume and technical support. Technically, DOGE trades between its 20-day EMA at $0.1712 and its 50-day EMA at $0.1796, signaling potential consolidation.

However, resistance remains firm at the 100-day EMA of $0.2060, which Dogecoin has struggled to surpass. A significant resistance level exists near the 200-day EMA at $0.2193, where significant trend changes may occur.

DOGE/USD 24-hour price chart
DOGE/USD 24-hour price chart | Source: TradingView

The RSI indicator stood at 57.04 and shows mildly positive signs. This suggests that Dogecoin has space for price growth. The crossover of the MACD indicator with its signal line indicates technical signs that support the potential market bullish trends.

The essential condition for maintaining upward price movement requires penetration of the $0.20 price threshold and substantial trading volume.

In recent commentary, crypto market analyst Trader Tardigrade noted that Dogecoin’s chart patterns suggest a possible breakout is approaching.

The analyst explained that Dogecoin has moved within defined ranges, with false breakdowns and breakouts observed. The expert believes that moving back into the existing market area will create conditions for an accelerated price rise.

BlackRock Buys 10,220 Bitcoin as Macro Chain Index Signals New Bull Run

Jackson Kelley
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0
BlackRock Buys 10,220 Bitcoin as Macro Chain Index Signals New Bull Run

Key Insights:

  • BlackRock’s IBIT fund adds 10,220 BTC in a single day.
  • Bitcoin ETFs reach highest cumulative inflows since February.
  • Macro Chain Index signals Bitcoin’s first long position since 2022.

U.S. spot Bitcoin ETFs saw $591.3 Million in net inflows on Monday, continuing a seven-day streak of positive flows.

The only ETF to see inflows was BlackRock’s iShares Bitcoin Trust (IBIT), which saw $970.9 Million. By April 27, 2025, IBIT’s total Bitcoin holdings reached 575,800 BTC due to this inflow.

IBIT Bitcoin inflows
IBIT Bitcoin inflows | Source: X

According to IBIT’s chart, 10,220 BTC was added on that day alone, pushing the daily total to the highest level in recent weeks.

Ark Invest’s ARKB and Fidelity’s FBTC also saw outflows of $226.3 Million and $86.9 Million, respectively.

BITB and HODL from Bitwise and VanEck also saw withdrawals, suggesting a mixed investor sentiment across providers.

Bitcoin price did not move much during this time, with a rise of 0.18% over 24 hours to $94,961. In the Asian range, price briefly crossed $95,000.

Ethereum also moved, but it was more subdued, with Ether ETFs taking in $64.1 Million over three consecutive days. Ether’s price also rose to $1,832.

Macro Chain Index Signals a Rare Buy Opportunity

Recently, the Macro Chain Index (MCI) which combines long-term on-chain metrics with price action, gave a long signal.

This is the first such signal since 2022, which was the bottom of Bitcoin’s previous cycle. Momentum is rising as indicated by the MCI and RSI (Relative Strength Index) charts.

Macro chain index
Macro chain index | Source: Alpha Extract

The MCI buy signal has always come just before major price surges. The previous green dotted lines on the chart (past buy signals) correspond to strong upward movements in Bitcoin’s price. On the other hand, red dotted lines marked cycle peaks.

By early 2025, the MCI line is back up, and the RSI curve is crossing above its moving average, which is a sign of increasing strength in the trend.

Bitcoin’s current trading range, just below $95,000, places it near previous resistance levels. If this trend continues, price expansion could come in the next few months.

Furthermore, these movements are in line with the overall market movements. It appears that investors are moving capital to ETFs with better price performance and liquidity.

Together with the MCI signal, the inflow concentration into IBIT implies higher Bitcoin interest to come.

Cup and Handle Pattern Holds Above Retest Zone

Meanwhile, the total crypto market cap forms a clear “cup and handle” pattern in a monthly chart.

It seems the formation is complete with a clean retest of the neckline level around $2.6 Trillion.

While the recent candlesticks show a rebound, the current market cap is at $2.88 Trillion.

This pattern is famous for its bullish continuation tendency if the price retests and bounces above the neckline.

As Titan of Crypto’s chart shows, the market structure is setting up in classic technical setups.

Crypto total market cap
Crypto total market cap cup & handle pattern | Source: X

After long periods of consolidation, Bitcoin has a history of moving in large upward waves.

The breakout above the neckline is now sustained, and the previous handle formation ended in a multi-month low.

If market momentum persists and liquidity remains steady, more gains are likely across crypto assets.

As these technical developments take place, Arizona’s move towards adopting Bitcoin at the state level could help legitimize Bitcoin’s role in financial markets if other states follow suit.

Can Bitcoin Hit $106K? One Critical Level Holds The Answer

Maxwell Mutuma
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0
Can Bitcoin Hit $106K? One Critical Level Holds The Answer

Key Insights:

  • Bitcoin holds strong above the $95,000 support level while maintaining an 8 percent weekly gain.
  • Matrixport identifies $94,293 as the critical resistance that Bitcoin must break to target $106,000.
  • Bitcoin ETF inflows led by BlackRock and rising active addresses boost confidence in the ongoing Bitcoin rally.

Bitcoin (BTC) maintained strong momentum this week, keeping support above $95,000 while showing bullish signals across key metrics.

Last week, Bitcoin achieved near 8% appreciation, which transformed into 14% growth over the past month.

Although volatility remains present, Bitcoin’s steady growth has kept the broader digital asset market in positive territory.

Market participants are now eyeing a possible breakthrough, with Bitcoin approaching a crucial resistance that could determine its next move.

Matrixport’s latest report identified $94,293 as the resistance that Bitcoin must clear for a major upward move.

A combination of enhanced network activity and rising BTC ETF investments establishes strong reasons for price growth if Bitcoin surpasses $94,293.

The outlook for Bitcoin remains positive, with on-chain metrics and favorable macroeconomic factors suggesting more upside potential in the near term.

The price must produce a definite breakout above major technological thresholds before maintaining its upward movement.

Analysts agree that a move beyond the identified resistance could push Bitcoin toward $106,000.

Bitcoin Holds $95K Support but Faces Critical Test Ahead

Bitcoin extended its bullish trend through Tuesday, recording weekly gains while holding steady above the $95,000 support level.

The market maintained volatile movements, keeping the price between $93,498 and $95,598 throughout 24 hours.

Despite the swings, Bitcoin’s broader trend remains upward, supported by solid market activity.

Matrixport’s report spotlighted $94,293 as the next major resistance that Bitcoin must overcome for further price appreciation.

The firm highlighted that Bitcoin previously broke a long-term downtrend near $85,712, triggering its latest rally.

Since the previous record-breaking moment, Bitcoin prices have kept increasing steadily but must now clear the present levels for further advancement.

Matrixport predicts that $106,000 could become reachable when Bitcoin prices remain above $94,293 with stability.

Besides these factors, additional market conditions must match up to drive price expansion above $94,293.

Strength in US equities and stablecoin inflows rank as key requirements. Market dynamics remain fluid, but positive conditions could efficiently fuel the next stage of Bitcoin’s growth.

Bitcoin ETF Inflows Strengthen Market Structure

Recent trends in Bitcoin ETF activity have significantly improved Bitcoin’s market structure, helping to reinforce bullish momentum in recent sessions.

Matrixport underlined that inflows into US spot Bitcoin ETFs, led by BlackRock’s fund, positively impact sentiment.

These capital movements are strengthening the foundation for Bitcoin’s potential rally.

Meanwhile, IntoTheBlock data showed active Bitcoin addresses surged past 800,000 in a day, marking strong network engagement.

The current address activity demonstrates increased user engagement, which has not reached historical peaks.

The rise of wallet usage typically predicts stronger market competition and drives substantial price fluctuations.

Last week, Bitcoin and Ethereum also led total digital asset inflows, amounting to $3.4 Billion globally.

The changing marketplace continues to fuel greater interest in digital assets because market conditions show sustained improvements.

With ETF momentum and robust network activity, the market environment appears favorable for further Bitcoin gains.

Carl Moon Predicts Bitcoin Reaching 104000

According to popular crypto analyst Carl Moon, Bitcoin would hit $104,000 as it breaks through $95,000 strongly.

The analyst noted that Bitcoin has formed a bullish chart pattern, which indicates upcoming market growth should the resistance level fail.

According to both analysts Carl Moon and Matrixport, the $ 94 K-$95 K range holds crucial importance.

Analysis from Carl Moon indicates that the current market stabilization may signal an increase toward an even higher price level.

Intense buying pressure around price support zones has doubled bullish predictions and expectations for a price breakout.

Market analysts follow Bitcoin closely while approaching essential technical limits because they expect a major price movement.

Solana Eyes Major Breakout as Big Money and Bullish Patterns Align

Josh Alba
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0
Solana Eyes Major Breakout as Big Money and Bullish Patterns Align

Key Insights:

  • Solana is trading near $151 and shows strong signs of a potential major breakout, supported by growing momentum.
  • Analysts confirm that Solana has formed a bullish cup-and-handle pattern on the weekly chart since late 2021.
  • Solana is currently consolidating just below critical resistance levels around $153.65 with a possible rally toward $180.

Solana (SOL) shows strong signs of a potential major breakout after consolidating within a critical price range.

The cryptocurrency trades near $151, reflecting increased interest from large firms and positive technical patterns.

With growing momentum and significant capital inflows, market conditions are setting up an important move for Solana.

SOL Forms Bullish Cup-and-Handle Pattern

Analysts have noted that Solana has been quietly forming a classic cup-and-handle pattern on the weekly chart since late 2021.

SOL is now at the handle phase while maintaining position at critical resistance levels, which stand at $153.65.

Professional analysts read this pattern as a potential indicator of robust bullish momentum, which would translate into a breakaway movement for SOL.

Crypto trader Kamil observed a significant rise in Solana’s Social Volume metrics, which points to growing community engagement.

Growing internet interest supports the likelihood of an extended price increase because the pattern has emerged during this period.

The analysts predict SOL will begin an upward climb from its current price range towards $180 if its price breaks above $153.65.

https://twitter.com/KamilShaheen19/status/1916745936199467429

According to Ali Martinez, the current technical features of Solana’s price chart remain intact during its current price movements.

Despite its recent price reduction, SOL’s broader bullish trend pattern continues strong since selling pressure has remained unsuccessful.

Positive momentum indicators support the view that Solana could soon transition into a strong upward trend.

https://twitter.com/ali_charts/status/1916755295654625552

Solana Attracts Heavy Investments From Firms

Several major investment firms have recently committed significant capital to the Solana ecosystem, reinforcing its growth prospects.

GSR led a $100 Million private investment into UPEXI to develop a Solana-based treasury management system.

Astra Fintech also launched a $100 Million fund focused exclusively on supporting innovations within Solana.

Meanwhile, Galaxy Digital completed a careful $100 Million swap from Ethereum into Solana over two weeks using Binance channels.

The systematic buildup of Solana shows lasting organizational dedication, even though it excludes speculations about instant profits.

The accumulation underscores growing trust in Solana’s fundamentals among prominent financial players.

SOL Strategies obtained up to $500 Million through a funding agreement with ATW Partners for acquiring SOL tokens dedicated to stakeholding activities.

RockawayX announced a $125 Million fund supporting developers building within the Solana ecosystem.

Together, these investments represent a strong signal of institutional belief in Solana’s future and technology.

Solana Maintains Support Above Key Averages

On April 28, 2025, Solana closed at $147.43, posting a minor loss of 0.41% compared to the previous day.

While registering a small drop, the asset holds positions above all three exponential moving averages at 20, 50, and 100 days, indicating intermediate power.

The price of SOL is below its important 200-day EMA resistance, which currently sits at $162.51. A Relative Strength Index (RSI) value of 59.98 signals a bullish trend, less than overbought levels.

SOL|USD 24-hour price
SOL|USD 24-hour price chart | Source: TradingView

A positive crossover in the Moving Average Convergence Divergence (MACD) indicator verifies increasing buying strength beneath the market.

The way these indicators combine shows that extended market indicators predict upward price movement, yet traders must contend with the present-day volatility.

Liquidation data on CoinGlass reveals neutral behavior between long and short positions, as no substantial liquidation activities have occurred recently.

The current levels of total liquidations sit below what the markets experienced when they reached $300 in February.

Derivative market stability suggests better trading conditions, reducing the possibility of rapid price drops.

SOL Total Liquidations
SOL Total Liquidations Chart | Source: CoinGlass

Spot Market Activity Suggests Steady Sentiment

According to updated CoinGlass data, Solana’s spot market inflows and outflows have stabilized over the past week.

The consistent outflows that occurred from February to March 2025 led to a drastic decline in SOL price.

The latest trading sessions show reduced movements in the spot market, which indicates a stabilizing trading environment.

SOL Spot Inflow/Outflow
SOL Spot Inflow/Outflow | Source: CoinGlass

Investors are trading Solana between $145 and $150 since buying and selling activities remain in equilibrium.

The market’s level behavior during this period is completely different from previous months, when price fluctuations ran rampant with changing influxes and outflows.

The spot markets exhibit decreased volatility alongside moderate liquidation levels, creating a healthier marketplace.

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