SUBSCRIBE
SUBSCRIBE
Try "researchers"
Home Blog

Whale Accumulates Nearly 20K ETH As Price Rebounds 10% — More Upside Ahead?

Maxwell Mutuma
-
0
Whale Accumulates Nearly 20K ETH As Price Rebounds 10% — More Upside Ahead?

Key insights:

  • Whale acquires 19,973 ETH at $1,740 using $34.75M borrowed from Aave.
  • Bitcoin ETFs saw $912.7M inflows, while ETH ETFs lag with just $38.8M.
  • ETH rebounds 10%, triggering bullish chart pattern and whale accumulation.

A major Ethereum whale bought nearly 20,000 ETH as the price jumped 10%, using $34.75 Million borrowed from Aave.

This move follows a strong price rebound and comes as Bitcoin ETFs saw record inflows, though ETH ETFs remain quieter by comparison.

Whale Buys 20,000 ETH Using $34.75M Borrowed from Aave

One of the large Ethereum holders, or whales, has made a big move in the market. The whale borrowed $34.75 Million in USDT from the Aave protocol.

It bought approximately 19,973 ETH at an average price close to $1,740 with the borrowed amount.

Ethereum whales movement
Ethereum whales movement | Source: Spot On Chain

On-chain data also reveals that the whale collateralized 50,000 WETH ($89.8 Million) to borrow a total of 65.85 million USDT.

This loan has a health rate of 1.12 with a liquidation price of $1,549.5. This means that if the ETH price falls below this level, the position will be closed forcefully.

This implies strategic positioning at a time of price recovery. The whale levered up their exposure to ETH, leaving some room before they would be liquidated.

U.S. ETFs Record $912.7M BTC Inflows While ETH ETFs Stay Quiet

However, at the same time, Bitcoin saw a spike in ETF inflows to the U.S. market. Total inflows into U.S. BTC ETFs on April 22 were $912.7 Million.

It is the biggest single-day inflow since President Trump took office in 2025. Fidelity (FBTC) was second with $253.8 Million, followed by BlackRock (IBIT) with $193.5 Million.

US Bitcoin and Ethereum ETF
US Bitcoin and Ethereum ETF inflows | Source: Spot On Chain

On the same day, Bitcoin saw strong inflows, while Ethereum ETFs only saw $38.8 Million in total. The most was $32.7 Million to Fidelity’s ETH fund. ARK 21Shares, other issuers reported no inflow for their ETH products.

This contrast implies that the institutional attention on Bitcoin is higher than that on ETH, while individual investors are accumulating ETH.

The smaller ETH ETF inflow could be a delayed response or a cautious sentiment from larger funds.

Chart Pattern Suggests Bullish Breakout Potential

On the other hand, a technical analyst shares a long-term chart of Ethereum forming a classic inverse Head and Shoulders pattern.

This is a price formation that implies a reversal from a downward trend. The pattern is made up of two shoulders and a head, and the chart covers several years.

It seems that ETH broke out just after it bounced from below $1,600.

Ethereum price analysis
Ethereum price analysis | Source: X

The chart shows this setup aiming at $17,000 in the long term. That figure is not a forecast, but it puts the current structure in context for how traders may be looking at it.

It also reveals how ETH has bounced off key support zones in the past and has then gone on to have a strong upward movement.

Many smaller traders were shaken out during the right shoulder phase, as noted by Gert van Lagen, who shared the chart. It usually occurs before a strong upward move.

Despite Market Momentum, Liquidation Risk Persists

Whale activity, rising inflows into crypto ETFs and technical breakouts all point to strong momentum in the ETH market.

However, the use of borrowed funds involves risk. The whale’s liquidation level is very close to $1,549, just about 10% below the current price.

A drop in ETH could lead to a cascade of liquidations for leveraged positions.

However, the market seems to be bullish for now, and investors are closely watching key price levels.

Ethereum FOMO Trader Rebuys At Loss—Will $3M Bet Pay Off Now?

Josh Alba
-
0
Ethereum FOMO Trader Rebuys At Loss—Will $3M Bet Pay Off Now?

Key Insights:

  • Ethereum’s price surged nearly 8 percent in the past 24 hours, sparking major trading activity.
  • A retail trader rebought 1,734 ETH for $3.11 Million after selling earlier at a significant loss.
  • The trader previously sold 1,805 ETH for $2.82 Million, realizing a 56 percent loss.

Ethereum’s price has surged nearly 8% in the past 24 hours, triggering heightened activity from major players.

One Ethereum holder made headlines for rebuying at a loss after panic-selling earlier. On-chain movements and technical indicators now suggest a possible climb toward $2,000 and beyond.

Retail FOMO Sparks Headlines as Trader Rebuys ETH at a Higher Price

A single Ethereum wallet has demonstrated emotional trading behavior amid recent price swings. The trader spent $6.42 Million in May 2019 to obtain 1,805 ETH when the price reached $3,559 each.

After the market suffered a severe drop in value, the trader maintained their position until a trading loss forced them to sell.

fomo
Source: X

Two weeks ago, the trader disposed of all assets for $2.82 Million, leading to a loss of $3.6 Million, which amounted to 56%.

After the latest market increase, the wallet made a return purchase of 1,734 Ethereum tokens at $1,792 per coin for $3.11 Million.

The trader moved to enter the market at strong prices; however, their purchase price remained above the most recent market bottom point.

High-net-worth investors face similar dangers to price-based trading and fear-based selling, although they frequently demonstrate them.

The amount paid for entry is less than what was paid initially, yet greater than the most recent selling price. This pattern highlights the challenges in timing volatile assets like Ethereum.

Whales Drive Market Momentum Amid Mixed On-Chain Signals

Alongside retail movement, large Ethereum holders executed significant transactions during the price increase.

During a single hour, a wallet pulled $9.8 Million worth of 5,531 ETH from Binance, showing active accumulation during the continuous market price uptick.

$ETH usdc
Source: X

The buying operation of whale 0x2088 represented 4.61 million USDC, which acquired 2,568 ETH at an average rate of $1,794 per unit.

The fast-paced chain of transactions took place in 40 minutes, demonstrating increasing faith in the market.

Most significant transactions executed during market price increases may represent buying behavior, but several do not reveal purchasing intent.

This address on Aave borrowed 15,000 ETH worth $24.9 Million for probable selling purposes.

The same entity borrowed money from Aave, transferred 35,754 ETH worth $64.13 Million, and then executed the withdrawal. All sold tokens transferred within three hours averaged out to $1,794 each.

Institutional Funds Return as Technical Breakout Fuels Optimism

Ethereum-based exchange-traded funds saw inflows of $38.8 Million after several days of capital outflows.

The two prominent Ethereum-based exchange-traded funds provided by Fidelity’s FETH and Bitwise’s ETHW received combined capital increases of $38.8 Million during the period.

As demonstrated by capital inflows, new institutional participations in Ether have experienced increased popularity.

According to future data, higher market involvement is reflected in the increasing number of participants.

Open interest surged over 17%, hitting $21.92 Billion within 24 hours. The price movement prediction signals through weighted funding rates turned positive at 0.0069%, which indicates increasing market expectations of price appreciation.

ETH price chart
Source: Coinglass

Technical analysis supports this momentum, with Ethereum recently closing above a key long-term trendline.

Analysts say this breakout signals a shift from downward pressure toward potential upward targets. Forecasts now point to $2,300–$2,500 if momentum continues into May.

Market Eyes $2,000 Mark as Resistance Levels Thin Out

According to IntoTheBlock, Ethereum faces minimal sell resistance before reaching the $2,000 level.

Ethereum will continue with robust growth when it surpasses the $1,860 technical threshold. Numerous traders monitor the projected important test of this central level.

eth oi weighted
Source: IntoTheBlock

Market observers indicate higher price gains are likely because whales support the market while on-chain resistance remains minimal.

One whale, which experienced a $40 Million ETH loss, made another entry with a new investment plan.

A trader obtained 34.75 million USDT as funds from a loan to purchase 19,973 ETH when the price was $1,740.

XRP Eyes $3.14 As Whales Accumulate & Open Interest Soars

Anuj Bhor
-
0
XRP Eyes $3.14 As Whales Accumulate & Open Interest Soars

Key Insights:

  • XRP has formed bullish inverse Head and Shoulders pattern, targets $3.14.
  • Break above $2.20 confirms bullish breakout after consolidation.
  • Open interest rises to $1.38B as whales increase their positions.

Price action is breaking above key resistance near $2.25, and XRP is gaining traction. The bullish chart pattern has a target of $3.14.

At the same time, open interest has risen sharply, along with whale activity. This indicates a stronger market setup ahead.

Inverse Head and Shoulders Signals Potential Rally

XRP is forming a clear inverse Head and Shoulders pattern, a sign of a bullish breakout. This is a pattern that includes two shoulders and a deeper trough in between (the head), which occurs before the upward price movement. This setup has its neckline around the $2.23 level, and XRP just closed above it.

XRP head and shoulders
XRP head and shoulders pattern | Source: X

A close above this level on a daily basis could be a breakout. As per chart analysis shared by Steph_iscrypto, the possible upside target for XRP from this pattern is about $3.14.

This target is measured by the height of the pattern and projecting it above the neckline. At the time of writing, XRP is trading around $2.24, which gives it room to move up by 40% if momentum holds.

Price Consolidation Breaks, Trend Turns Positive

In the past two weeks, XRP had been consolidating between $2.00 and $2.20. During this accumulation phase, price action was sideways and volatility was decreasing. However, the price just broke out of this zone, which confirms the change in trend direction.

XRP/USD
XRP/USD | Source | Tradingview

According to technical data from TradingView, this accumulation range has seen a breakout and retest of the upper boundary.

The retest was met with a good price reaction, which bounced back above $2.21. The move also came as trading volume picked up, and the Awesome Oscillator turned positive after several days of flat movement.

Together, these signals indicate that the previous resistance zone is now support. If this level is held, it could lead the price to continue moving towards the next resistance area around $2.60, and possibly further to $3.14.

Open Interest Rises as Whales Take Control

Additionally, data from the XRP Ledger’s market shows open interest has jumped sharply from recent lows.

Open interest, which dipped to around $1.2 Billion in early April, is now rising again and getting close to the $1.5 Billion mark. This indicates increasing trader involvement and fresh positioning in XRP futures.

XRP ledger open interest
XRP ledger open interest – all exchanges , all symbol | Source | X

The price chart with open interest data also indicates that the XRP price has been steadily rising, but the rise in open interest has been sharper.

This typically means more leveraged positions, which could drive prices further in the short term if momentum keeps going.

According to Steph_iscrypto, retail traders may have exited during previous price declines. As open interest increases and the price makes bullish patterns, larger holders or whales are accumulating.

Such activity usually results in larger price movements when retail volume is low and liquidity is thinner.

Institutions and Broader Sentiment Support

Meanwhile, Sal Gilbertie, CEO of Teucrium, made a separate public comment at an interview that XRP is “the coin with the most use case” and “has real utility.”

While this statement was not linked to any particular investment decision, it is the latest in a series of institutional interest in XRP’s ecosystem.

This is happening as broader crypto markets are seeing renewed interest from both retail and institutional sides.

Bitcoin and Ethereum remain the top fund flow recipients, but smaller-cap tokens such as XRP are seeing increased trading activity and price performance.

Technical indicators still indicate strength for XRP, while institutional figures are acknowledging the role of XRP in blockchain infrastructure, which may continue to draw attention to the asset.

SOL Strategies Doubles Down On Validators With $500M Gamble

Jackson Kelley
-
0
SOL Strategies Doubles Down On Validators With $500M Gamble

Key Insights:

  • SOL Strategies has launched a $500M convertible note facility to fund the acquisition and staking of SOL tokens.
  • The facility is structured, so interest on the notes is paid in SOL, capped at 85 percent of the staking yield generated.
  • An initial $20M tranche is expected to close around May 1, 2025, with funds deployed immediately into staking operations.

SOL Strategies has announced a $500M convertible note facility with ATW Partners to scale its staking operations.

The capital will go solely toward acquiring SOL tokens to stake on its validator network.

This facility marks a bold move toward long-term yield generation tied directly to Solana’s staking rewards.

SOL Strategies Launches $500M Staking Facility

The financing facility allows SOL Strategies to issue up to $500 Million in convertible notes. The first funding stage, $20 Million, will close on May 1, 2025.

The capital resources will buy SOL immediately and establish it on the company’s in-house validators.

Some interest SOL pays to note holders remains in SOL currency but does not exceed 85% of the yield the company generates from its staking operations.

The method directly connects note performance to the amount of stake earnings plus network activity. Capital investments directly produce value through this system as soon as deployments occur.

Cohen & Company Capital Markets is the placement agency for this transaction. Once the offering period finishes, the firm will receive a 4% finder’s fee.

The notes include an equity conversion option, transforming into corporate shares at prevailing market prices, enabling additional appreciation opportunities.

$24 Million Deal Doubles SOL Holdings

In March 2025, SOL Strategies acquired three major validators to expand its network capacity. Laine and Stakewiz.com entered an acquisition agreement with SOL Strategies in March 2025.

The $24 Million acquisition allowed the company to double its total SOL ownership to 3.35 million.

Based on present market prices, the investment value of staked tokens amounts to around $388 Million.

The acquisition welcomes Chief Strategy Officer Michael Hubbard, who previously founded Laine, to the organization.

Performance enhancement and validator optimization remain central to his professional duties.

Under new leadership, SOL Strategies reported 99.955% uptime and an average delegator APY of 7.41% in March.

The figure shows that validator performance remains effective and constantly produces stable returns.

Semi-Oracle actively pursues strategic high-value business alliances that can help its expansion.

Pudgy Penguins Expands into Solana Infrastructure

SOL Strategies recently partnered with Pudgy Penguins to launch the PENGU Validator.

The NFT and toy product company Pudgy Penguins is moving into Solana’s infrastructure framework alongside its existing profiles.

The PENGU Validator provides service through the Phantom wallet, generating 7% and 11% yield rates.

The validator collaboration targets the expansion of reach by different user bases to promote network decentralization efforts.

It also reinforces SOL Strategies’ validator-first business model. This joint venture links the development of institutional infrastructure with the community interaction efforts.

SOL Strategies participated in March’s governance vote on SIMD-228 in line with its ecosystem role.

The Solana validators running under SOL Strategies endorsed the inflation rate reduction proposal, which would decrease Solana’s annual increase from 4.5% to 0.87%.

The initial vote reflected the majority of support for the proposed sustainable economic policies, even though it missed the required consensus.

Staking Drives Revenue and Validator Expansion

Unlike others who accumulate tokens for treasury purposes, SOL Strategies actively deploys capital for yield generation.

Asset maintenance is the main goal at GameStop and Strategy, while SOL Strategies implements different business practices.

Staking provides two functions: producing revenue and growing the validator operation.

The system enables scalability while providing several paths to convert investment funds for capital partners.

Through the payment system based on yield-linked tokens, organizations achieve low-cost financing operations.

Once each funding amount is deployed, additional operational performance improvements occur immediately.

Spot Bitcoin ETFs See $1.2B Inflows—Can BTC Hold Above $93K?

Maxwell Mutuma
-
0
Spot Bitcoin ETFs See $1.2B Inflows—Can BTC Hold Above $93K?

Key Insights:

  • Spot Bitcoin ETFs in the United States recorded $1.2 billion in net inflows this week.
  • Total assets under management in these ETFs reached $103.4 billion.
  • Bitcoin’s price rose above $93,000, hitting $93,712 for the first time since early March.

Spot Bitcoin ETFs listed in the United States recorded significant net inflows this week, totaling $1.2 Billion.

These new market operations increased the value of managed assets in these products to $103.4 Billion. The rising institutional demand resulted in Bitcoin breaking past $93,000 in value.

Almost $1 Billion of new capital flooded ETFs throughout Tuesday, marking the main period of rising interest.

The market activity peaked when Bitcoin crossed $93,712, marking its highest value since March. Different funds receive institutional capital indices that indicate widespread involvement in the sector.

The rising level of futures activity matched the incoming spot flows because institutional traders continue to use leverage in their cryptocurrency trades.

Glassnode recorded rising open interest amounting to $2.4 Billion in only 36 hours.

Market analysts believe that retail investor involvement will catalyze the continued success of the current price rise.

BlackRock IBIT Leads Bitcoin ETF Inflow Surge

The iShares Bitcoin Trust by BlackRock brought in $346.6 Million as spot ETF inflows during the previous seven days.

IBIT exhibited continued leadership by collecting $2.7 Billion in year-to-date funding sources.

Both other ETFs gained but did not achieve the level of performance shown by IBIT during this period.

Bitcoin ETF Inflow Surge
Source: X

During the year, ARKB secured $269.98 million weekly inflows, which accumulated to $410.41 Million.

The BTC-focused funds operated by Grayscale experienced slower growth since they collected $385.31 Million as year-to-date net inflows.

Since January, GBTC has experienced capital loss because investors withdrew $1.18 Billion.

GBTC losses failed to affect the ETF market because ten out of eleven funds experienced rising demand.

The distribution of funds showed positive improvement due to institutional investors who began or increased their investment operations.

To continue growing upward, attracting buyers beyond institutional entities and their resources will be necessary.

Bitcoin Demand Surges Amid ETF Momentum

Bitcoin investment products observed the highest demand among all digital assets by attracting the most capital inflow in the recent reporting period.

Digital asset products distributed by CoinShares have recently experienced strong overall demand, yet Bitcoin has collected most of the interest.

The investment pattern aligns with developments regarding ETF investments observed recently in the U.S. market.

Short Bitcoin products maintained poor performance this week by generating $1.2 Million in withdrawals and accumulating total withdrawals of $36 Million within seven weeks.

These outflows exceeding 40% constitute the total managed assets of that category. The negative stance toward short positions continues to exist, strengthening the bullish market outlook.

Rising open interest in futures distorts the balance between leverage and spot buying transactions.

Long-term support for Bitcoin will depend on retail market activity because analysts predict that volatility requires retail users to stabilize prices.

Prices may experience stress because existing demand from all customer sectors is required to maintain stability.

Ethereum Products Face Pressure While XRP Attracts Capital

Ethereum-focused investment products recorded a negative weekly flow of $26.7 Million, and the negative trend has persisted for eight straight weeks.

The total money flowing out of Ethereum investment products has reached $772 Million this time, even though it is the second-biggest cryptocurrency after Bitcoin.

The use of capital resources towards Ethereum remains restricted, even though the ecosystem holds its strength.

Year-to-date inflows for Ethereum total $215 Million, the highest amount among most altcoins during this period.

The market maintains a pessimistic outlook because recent flow data shows no significant turnaround.

Investors watch closely to see if capital will come back to Ethereum, considering the market dynamics and rising competition.

XRP investment products attracted $37.7 Million in new capital recently while accumulating $214 Million since the start of the year.

XRP’s market performance followed a different path from that of the other altcoins, which continued to lose market value.

The increasing institutional interest in XRP signals that institutions now specifically follow macroeconomic events and legal updates about the cryptocurrency.

Geopolitical Shifts Support Bitcoin Growth

surpassed the $93,000 mark primarily based on institutional demand, but future price stability depends on retail market investment.

Experts believe that leverage trading cannot keep the market uptrend going forever unless the spot markets see significant retail investment.

Stabilizing prices through retail involvement would decrease the magnitude of market corrections.

Bitcoin Growth
Source: X

The sentiment has been influenced by geopolitical developments and macroeconomic events throughout the recent period.

Officials gave signs they would reduce the tension between the U.S. and China regarding trade policies while maintaining stability at the Federal Reserve leadership.

These developments helped improve risk appetite and created a favorable backdrop for Bitcoin ETF flows.

PayPal To Offer 3.7% Yield On PYUSD: Can It Compete With Tether?

Anuj Bhor
-
0
PayPal To Offer 3.7% Yield On PYUSD: Can It Compete With Tether?

Key Insights:

  • PayPal will offer a 3.7% annual yield on its PYUSD stablecoin starting this summer.
  • Users can earn the yield by holding PYUSD in PayPal or Venmo wallets without locking up their funds.
  • The yield will be calculated daily and paid monthly with automatic participation for eligible users.

PayPal has announced a new program offering a 3.7% annual yield on its PYUSD stablecoin. The yield will apply to users who hold PYUSD in PayPal or Venmo wallets, with no fund lockups required.

This move signals PayPal’s intent to expand its role in the digital currency sector and strengthen its stablecoin offering. The fixed yield benefit is a new company strategy to draw more users into its digital wallet ecosystem.

paypal
Source: X

The yield is distributed monthly, but daily calculations determine what users receive. Users do not need to do anything because participation is automatic.

With this step, PayPal positions PYUSD as a more rewarding alternative to traditional digital dollar storage. This development comes as stablecoin competition intensifies, and PayPal seeks to close the gap between PYUSD and market leaders.

Despite its large brand and user base, PYUSD holds a much smaller market share than Tether’s USDT or Circle’s USDC. The initiative reflects PayPal’s broader goal to enhance user engagement and cement its place in digital payments.

PayPal Expands PYUSD Adoption and Reach

PayPal launched PYUSD in 2023 to create a regulated and reserve-backed digital dollar for everyday transactions. The coin comes from Paxos Trust and maintains complete financial backing through different types of short-term US Treasuries and liquid assets.

With this foundation, PayPal now looks to grow PYUSD’s circulation and utility. According to market data, PYUSD has a total supply of around $868 million.

USDT from Tether maintains dominance through its presence at above $145 billion across multiple blockchain platforms. Despite this, PayPal sees potential to grow PYUSD through targeted use cases and financial incentives.

By year-end, PayPal intends to integrate PYUSD into 20 million small to mid-sized businesses, creating broader adoption channels. The company plans real-world payments through its growth strategy, including point-of-sale payment features and online solutions.

Increased accessibility and merchant support could shift PYUSD from a niche token into a mainstream digital currency.

Tether’s USDT Holds Market Leader Status

Tether’s USDT remains the most widely circulated stablecoin, with a vast global user base and multi-chain support. USDT is the definitive currency for digital dollar operations on all major crypto exchanges and payment platforms.

User trust in the coin continues because it derives backing from commercial paper, cash, and Treasuries. Tether secured its market position early through strategic entry. It expanded globally by partnering with wallet platforms, remittance services, and institutional businesses.

The institutions Tether partnered with have enabled USDT to expand its position worldwide across different stages of financial development. This dominant position faces a challenge from new market entrants, who provide additional advantages, such as yields.

As PayPal enters this space, USDT must maintain its lead by sustaining liquidity, utility, and stability. New passive return services are drawing interest from yield-focused users. Their ability to keep digital liquidity makes them appealing to the evolving market.

Stablecoin Rules Advance with New Legislation

Circle’s USDC ranks as the second-largest stablecoin after USDT in market capitalization. The stablecoin gains trust by maintaining full regulatory compliance and transparency. This credibility has led to widespread adoption by banks and digital platforms.

Circle promotes USDC as a regulated digital form of the US dollar. It enables payments, remittances, and treasury management for market participants.

Decentralized finance applications and cross-border payments let USDC build sustainable long-term functionality because these features integrate extensively with the network.

Although smaller in circulation, PYUSD shares similar regulatory features due to its Paxos-backed structure. Both coins target legitimacy and reliability, though PayPal now adds yield as a key differentiator.

Stablecoin regulatory bodies are speeding up their work defining stablecoin issuance and management systems because the market continues expanding.

The STABLE Act and the GENIUS Act establish national standards for managing digital assets within the United States. New legislation aims to promote sector expansion through responsible and sustainable growth.

Bitcoin Hits $94K: CryptoQuant CEO Says $100K Is Key Test

Maxwell Mutuma
-
0
Bitcoin Hits $94K: CryptoQuant CEO Says $100K Is Key Test

Key Insights:

  • Bitcoin surged past $94,000 this week after a month-long period of bearish and range-bound trading.
  • The cryptocurrency gained over 9 percent between April 21 and 22, peaking at $94,700 before a slight dip.
  • Despite the rally, CryptoQuant CEO Ki Young Ju maintains that a break above $100,000 is needed to confirm a trend reversal.

Bitcoin surged past $94,000 this week, marking a strong comeback after weeks of downward movement and range-bound performance. The recent uptrend has prompted mixed responses from market analysts, as some maintain a bullish outlook while others remain unconvinced.

Despite strong momentum, CryptoQuant’s CEO emphasizes the need for a breakout above $100,000. He believes this level is crucial to confirming a true trend reversal.

Bitcoin Breaks $94K After Month-Long Struggle

Bitcoin gained over 9% between April 21 and 22, bouncing back from its mid-April low of $74,000. This recovery has pushed Bitcoin to its highest level in seven weeks, with the price above $93,000.

The latest rally developed during a two-month price drop, where market activities remained sluggish and progress slowed. On April 21, Bitcoin climbed 2.71%, followed by a 6.83% increase on April 22, pushing the asset past $90,000.

The token peaked at $94,700 on its way down by 0.43% today and stabilizes around $93,085. Market leaders oppose continuing a bull trend following this latest price rally.

The crypto market shows signs of recovery, yet its long-term signals do not verify that a complete bull cycle will continue. Bitcoin’s ability to hold current levels will likely influence short-term sentiment.

Bullish momentum faces a significant hurdle because of powerful resistance barriers above the present trading level.

Bitcoin Rise Not Enough for Confirmation

Ki Young Ju, CEO of CryptoQuant, shifted his stance to neutral after Bitcoin struggled near $83,000 in March. He stated that his stance was a key reason for declining ETF inflows and lower market liquidity.

This, in turn, contributed to the inability to maintain higher price levels. Despite Bitcoin’s latest move upward, he has not changed his view unless the price breaks $100,000.

Following his remarks in March, Bitcoin fell to $74,000 by April 7, confirming short-term weakness in market structure. The cryptocurrency surpassed $82,000 after its initial recovery. However, it stayed within the defined range before the latest market surge lifted its value to $94,700.

The surge did not meet Ju’s criteria for confirming a bull market. Despite this, it contradicted his earlier forecasts, adding uncertainty to the trend analysis. According to him, the present market awaits further clarity from outside events and spontaneous changes in investor sentiment.

Ju relies on examining on-chain supply and demand data while abstaining from using short-term price movements. He uses extended-period patterns to check whether the cycle demonstrated an authentic reversal.

Analysts See Strength in Bitcoin Recovery

Several analysts interpret the market’s recovery as evidence of lasting market strength because long-term uptrend lines remain intact. Market analyst Miles Deutscher endorsed the longevity of the “Paradise Money Noodle” support area, which has persisted for two years.

His analysis indicates that the recent price declines align with past market reactions at support zones. This pattern suggests a continuation of expected price behaviors in similar conditions.

bitcoin price chart
Source: X

Following the recent rally, veteran trader Peter Brandt revised his analysis, now predicting Bitcoin could extend its upward trend. His updated outlook signals growing optimism about the cryptocurrency’s price movement.

The price structure convinced him to abandon his earlier warning about hasty optimism because it indicates future market growth potential. Brandt says the existing trend will continue only if deeper market corrections do not take place.

Analytics firm Glassnode reported high engagement from new Bitcoin buyers throughout April, signaling renewed interest. The Relative Strength Index (RSI) consistently stayed above 50 throughout April.

It peaked at 100 last week before settling at 80 on April 23, reflecting strong market momentum. An uptrend is evident through the levels Glassnode detected, yet the platform pointed out forming resistance at approximately $97,000.

$97K Barrier Could Delay $100K Breakout

Glassnode’s Cost Basis Distribution reveals that institutional investors own approximately 392,000 BTC. It was acquired when Bitcoin reached $97,000.

The ownership value of $97,000 could generate substantial selling pressure from holders wishing to restore their position to zero. If Bitcoin approaches this point, profit-taking could slow the current upward trend.

BTC Price chart
Source: X

If Ethereum surpasses $97,000, reaching $100,000 could become feasible due to low seller density in that range. This lack of resistance may support further upward momentum.

CryptoQuant’s CEO designated the benchmark for establishing bullish momentum. Market participants face price indecision because they need to see a definitive market movement before taking a clear direction.

BTC now trades at $93,085, holding firm but facing resistance just ahead. A final confirmation about the market trend depends on Bitcoin reaching above $100,000 despite the present positive momentum.

One-Day Bitcoin ETF Spike Defies A Week Of US Outflows

Josh Alba
-
0
One-Day Bitcoin ETF Spike Defies A Week Of US Outflows

Key Insights:

  • US Bitcoin ETFs recorded a single-day inflow of $381.3 Million on April 21, the highest in nearly two months.
  • The inflow occurred as Bitcoin briefly surpassed $91,000 before stabilizing around the $90,000 level.
  • ARK 21Shares Bitcoin ETF led the surge with $116.1 Million, followed by Fidelity Wise Origin Bitcoin Fund with $87.6 Million.

On April 21, the Bitcoin ETF in the US recorded its highest single-day inflow in nearly two months.

Deviation from weekly data showed decreasing US market participation despite an unforeseen increase in Bitcoin ETF inflows during that day.

A significant positive uptick occurred on that day, while the extended US performance stayed in negative territory.

The $381.3 Million flowed in as the highest level since Bitcoin hit its previous high in late January.

During market activity, Bitcoin tested and surpassed $91,000 until it stabilized near $90,000.

Several significant ETF providers participated in the net inflow, demonstrating that investors returned their interest to Bitcoin-based products.

The US market witnessed a general $71 Million outflow throughout the week, even though April 21 brought substantial gains to investors.

The large inflow broke the usual pattern of the week instead of reversing previous trends. Digital asset investment worldwide recorded a minor growth of $6 Million during the analyzed period.

Bitcoin ETF Inflows Boost ARKB FBTC

ARK 21Shares Bitcoin ETF (ARKB) secured the largest inflow share, attracting $116.1 Million on April 21.

FBTC announced its entrance into the market after ARK 21Shares Bitcoin ETF (ARKB) by bagging $87.6 Million in investments.

The two funds received over 50% of all the money that had entered crypto exchange markets throughout the day.

Bitcoin ETF Overview
Bitcoin ETF Overview | Source: Coinglass

A surge of investor demand occurred at the same moment Bitcoin regained its position at $88,000 before reaching an elevated peak above $91,000.

Financial markets agreed with digital asset participants, who used price movements as opportunities to enter the market.

Action during the day revealed a direct link between price increases and fund streaming activities.

ARKB and FBTC thrived by leading the market while flows pulled in the opposite direction throughout the week.

During their recent performance, the stocks displayed increasing self-assurance about their selected products.

Moreover, ARKB and FBTC strengthened their positions as dominant players in the Bitcoin ETF space.

IBIT Maintains Lead Despite Lower Inflows

The total inflows for Grayscale’s Bitcoin Trust (GBTC) combined with Bitcoin Mini Trust ETF (BTC) came to $69.1 Million.

Recent inflows proved a turning point for Grayscale following its transition to an ETF structure, which caused a period of outflows.

Insights from these inflows indicate that market participants might be changing their reaction to Grayscale’s product line.

BlackRock’s iShares Bitcoin Trust ETF (IBIT) received $41.6 Million in new investments, although it fell behind its previous investor levels.

The observed financial movement amounted to significant figures, although slightly less than weekend totals.

Assets under management leadership of IBIT remained unchanged as the fund held on to its dominant position.

The day’s asset manager activities confirmed that the market still paid attention to their movements. The funds produced varied results, yet substantial support for the day’s progress.

These well-established financial institutions contributed to maintaining the general increase in ETF investments.

HODL and EZBC Add Modest Gains

HODL and EZBC funding sources deposited $11.7 Million and $10.1 Million into accounting entities on April 21, respectively.

Even though the figures were small, they extended the breadth of total incoming funds. Numerous positive signs verified that the inflow surge encompassed various parts of business activity that day.

The overall increase in money flow occurred simultaneously with diminishing weekly movement in US cryptocurrency markets.

The Bitcoin products managed by CoinShares experienced a small overall outflow of approximately $6 Million throughout the week.

Short Bitcoin products sustained their decline by experiencing a $1.2 Million loss in withdrawals.

For seven consecutive weeks, the investments within short positions relentlessly withdrew funds, leading to a 40% depletion of total assets.

This market trend made the decreasing interest in betting against Bitcoin evident. ETF investors showed a short-lived tendency for inflows on April 21 despite other market changes.

Europe Leads Digital Asset Inflows Surge

The European market expressed higher acceptance of digital assets than the US during this same period.

During the same period, Switzerland received $43.7 million in inflows, followed by Germany with $22.3 Million.

Regional strength appeared through Canada’s net inflow of $9.4 Million during this period.

Funds Flow by country
Funds Flow by country | Source: CoinShares

Compared to expectations, weaker economic performance from 21 to 27 July led to market fluctuations based on CoinShares’ tracking data.

A $146 Million deficit occurred during mid-week when investors withdrew funds from worldwide digital asset funds as a result of the retail sales data.

Macroeconomic indicators triggered moving responses, which caused these fluctuations in the capital flows.

ETH Whales Accumulate Big—Is A $3,250 Breakout On The Horizon?

Jackson Kelley
-
0
ETH Whales Accumulate Big—Is A $3,250 Breakout On The Horizon?

Key Insights:

  • Ethereum is showing early signs of a breakout despite recent underperformance compared to other major cryptocurrencies.
  • ETH Whales have withdrawn large amounts of Ethereum from exchanges, indicating a possible long-term accumulation trend.
  • One whale address has accumulated over 48,000 ETH since February while holding a significant unrealized loss.

Ethereum’s (ETH) price shows early signs of a possible breakout despite recent underperformance. On-chain movements reveal that ETH Whales continue to accumulate significant amounts.

The combination of technical indicators and whale activity suggests a potential climb toward the $3,250 resistance zone.

ETH Whales Withdraw Millions from Exchanges

Large ETH Whales have withdrawn millions of Ethereum from major exchanges in recent hours.

The cryptocurrency asset made these transactions despite demonstrating inferior momentum than Bitcoin and major crypto holdings during this period.

The data obtained from Lookonchain supports the case that these transactions began during mid-February as part of a broader pattern.

A wallet at 0xd81E extracted 1,900 ETH, worth $3.1 Million, from the Gate cryptocurrency exchange network.

This Ethereum address pursued more than 48,000 withdrawals after February, which accumulated into $100 Million assets.

Present market rates reveal that this wallet has suffered a $21 Million paper value loss.

The dormant wallet address 0x3bd2 became operational to withdraw 2,600 ETH, valued at approximately $4.26 Million, from Binance.

This wallet remained inactive for 365 days until it carried out its recent transaction. Such actions by ETH Whales often suggest expectations of future price growth.

Mixed Whale Moves Signal Market Uncertainty

The recent decisions by whale investors do not necessarily point towards buying endeavours because they have taken contrary action.

A wallet at an alternate address spent 2,000 ETH, worth $3.72 Million, for short-term cryptocurrency betting.

The opposite market action of one whale group represents a difference in whale investment methods, even as the trend points towards accumulation.

While many ETH Whales accumulate, bearish positions still emerge during market uncertainty.

This dual approach from whale investors indicates a significant split among massive wallet holders.

The present market signals impact short-term traders above all else, despite their lack of interest in long-term trends.

The market is currently experiencing a transitional phase because traders are deciding whether to build up their positions as part of a new rally, even though prices show signs of a sustained drop.

Notably, macroeconomic regulations and political atmosphere cannot be ignored as decision-making factors influencing Ethereum sentiment.

The pathways to crucial resistance zones are still accessible for market momentum to shift.

ETH Price Eyes Major Trend Reversal

Ethereum’s price movements have continued a downward trend since December 2024, marking decreasing highs and lows.

Prices demonstrate changing behavior when they approach this possible reversal pattern.

The reversal confirmation requires technical analysts to observe multiple resistance areas clearing before it can be established.

The first resistance exists near $1,750, whereas $2,000 represents the intermediate barrier before the subsequent pinnacle stands at $2,500, and the essential level rests at $3,250.

Since Ethereum prices started dropping, the former support levels function as present-day resistance structures.

Breaking decisively through these resistance marks might indicate a major trend transformation.

The descending pattern from previous months supports bearish pressure by creating resistance levels for the bulls.

Early bullish momentum would become apparent after the price breaks above this trend line to reach $1,750.

If the breakout gains strength, ETH Whales would likely support a move beyond $2,000.

While Ethereum whales exhibit bullish tendencies, the broader market displays increasingly negative trends.

More traders now bet on the ETH price continuing to fall because the long/short ratio has evolved from above 1.1 to under 0.7.

The 4-hour ETH market gained predominance through increasing volumes of short positions during the recent trading period.

At least during this period, markets showed lower confidence in Ethereum based on current indications. While some ETH Whales buy the dip, others hedge with leveraged short positions.

ETH long|short ratio chart
ETH long|short ratio chart | Source: Coinglass

Even with ETH Whales actively accumulating, bearish sentiment has introduced new volatility.

A sustained market condition without proper direction establishment will lead Ethereum to experience volatile price movements.

Market participants need evidence of changing trends to start investing in long-term strategies.

Arthur Hayes’ Bitcoin Call Could Trigger Cardano’s Next Rally

Maxwell Mutuma
-
0
Arthur Hayes’ Bitcoin Call Could Trigger Cardano’s Next Rally

Key Insights:

  • Cardano’s price stayed around $0.640 in April, showing signs of a possible major shift in momentum.
  • Bitcoin has surged past the $90K mark.
  • Arthur Hayes predicts that Bitcoin could rise to $100,000, which could lift altcoins like Cardano higher.

Cardano (ADA) price maintained stability throughout April, maintaining a level around $0.640, as major market changes are predicted.

The setup of Bitcoin and optimistic projections from eminent individuals indicate possible market gains in the near future.

The local breakout of Cardano alongside other altcoins appears possible when Bitcoin gains momentum throughout the short term.

Market participants show growing confidence in Bitcoin due to its formation of a bullish double-bottom pattern that indicates potential upward price trends.

Crossing the $90K mark has likely validated the upward trend continuation. A price crossing above this level creates potential for a powerful price surge throughout linked altcoin assets.

The Cardano technical setup currently indicates the altcoin is showing signs of a breakout event that follows several crucial market and fundamental indicator signals.

The projected rise in Bitcoin’s value to $100,000 could make Cardano reach $1 with a 55% growth rate. This scenario hinges on Bitcoin’s momentum, a primary driver of broader crypto activity.

Bitcoin Approaches Breakout Zone with Strong Market Signals

Bitcoin has formed a double-bottom pattern near $76,485, pointing to potential bullish momentum ahead.

The reliability of this chart pattern suggests that a breakout is possible when the price surpasses $88,415.

Now that BTC has surged past the $90K mark, it’s ascent to th psychological barrier of $100,000 is more likely.

Arthur Hayes has projected that Bitcoin could soon reach $100,000, which requires only a 13% increase from current levels.

The projected target is realistic since market indicators and investor sentiment continue to match.

Hayes’s prediction has received significant attention because it supports larger expectations about the growing demand for cryptocurrency.

Gold prices reaching all-time highs highlight Bitcoin’s emerging role as a digital alternative during economic uncertainty.

Spot Bitcoin ETFs have seen consistent inflows as market participants reposition away from traditional equities.

This flight to perceived safety has increased the growing demand for Bitcoin, reinforcing the bullish case.

ADA Holds Support and Eyes Breakout Move

Throughout most of April, Cardano maintained its price within a consolidation area spanning between $0.60 and $0.65.

ADA price rose after reaching its lowest point of $0.512 in the monthly cycle, thus demonstrating robust support in that area.

The consolidation phase suggests investors are accumulating ahead of a potentially large market shift because of rising market conditions.

Two downward trendlines that converge into one another shape a falling wedge pattern, which technical charts indicate is a bullish reversal indicator.

The Cardano price currently patterns itself as a small bullish pennant, which usually leads to extended rallies.

Market-favorable conditions will enable Cardano to execute a strong price movement according to current patterns.

The current price position of ADA sits under its 50-day exponential moving average while also remaining below its 200-day exponential moving average, indicating temporary market weakness.

The bullish pattern becomes valid for a move up to the $1 mark after a successful breach of resistance bars.

ADA’s pennant formation remains valid until it breaks through its lowest pennant boundary.

Cardano Price Chart
Cardano Price Chart | Source: TradingView

Futures Market Shows Continued ADA Demand

Open interest in Cardano futures exceeded $1 Billion during peaks in January and March, aligning with price gains.

This correlation between open interest and price action shows heightened trading activity when ADA gains bullish momentum.

The sustained interest in the future highlights strong participation in the Cardano market.

ADA futures Open Interest
ADA futures Open Interest | Source: CoinGlass

As of April, ADA’s futures open interest has stabilized above $600 million, reflecting consistent trader engagement.

At this point, open interest remains more than twice what it was in mid-2023, which indicates a new attitude regarding ADA.

The higher open interest points to a more active and liquid market despite price corrections.

Open interest measures all outstanding futures contracts and reflects ongoing speculation around price direction.

The price movement becomes more likely when continuous elevation of this indicator appears during periods of stability.

XRP Ledger Shock as Backdoor Found in Key Developer Library

Josh Alba
-
0
XRP Ledger Shock as Backdoor Found in Key Developer Library

Key Insights:

  • A significant security breach compromised the XRP Ledger’s official JavaScript SDK through malicious versions published on the NPM registry.
  • Aikido Security detected the anomaly on April 21 when a suspicious user uploaded unauthorized XRPL package versions.
  • The compromised packages included a backdoor silently transmitting private keys to an unverified external domain.

A major security breach affected the official JavaScript SDK of the XRP Ledger. According to Aikido Security, the security vulnerability involving the XRPL NPM package has existed since April 21.

Users of these versions encountered a malicious backdoor that revealed their private keys, thus endangering various applications. User “mukulljangid” from the NPM system released unauthorized package versions, which triggered the security threat.

German Security reported the irregularity to Aikido’s monitoring system, which gave instant notification. XRP Ledger Foundation quickly removed the affected packages from the registry.

The incident generated widespread worries due to the unknown extent of exposure. Numerous developers unknowingly installed these faulty packages in their systems, like the examples highlighted.

The occurrence showcases how cryptocurrency development environments remain under constant security threat.

JavaScript and TypeScript Files Compromised

A secret function intended to transmit private keys by hacked versions of the SDK. External transmission of keys happened through the checkValidityOfSeed software functionality within its source code. The malicious function operated automatically at wallet creation time.

A backdoor function secretly connected to the domain 0x9c[.]xyz. This allowed wallet seed phrases to be transferred unnoticed by users. The backdoor function completely orchestrated the wallet core functionality from within the core SDK logic.

A malicious code was found in compiled JavaScript files from versions 4.2.1 and 4.2.2. The backdoor was introduced to TypeScript source files after the software’s v4.2.3 and v4.2.4 versions. The compilation process of these files resulted in a heightened threat of detection avoidance.

Progressively, the attacker created updated tactics, making it harder for detection systems to identify them. At first, the tampering was done manually before developers integrated it at deeper levels. Multiple version updates throughout v4.2.x indicated sophisticated planning and advanced technical capabilities.

The attack received a second weakness, resulting in the disappearance of development tools. The files are prettier, and specific scripts disappeared from package.json files. This indicated that the attacker desired to stay unseen and challenge debugging attempts.

XRP Ledger Foundation Responds to Breach

XRP Ledger Foundation quickly acknowledged the threat. Studies showed that v2.14.2 and v4.2.1 through v4.2.4 versions were compromised. Security engineers have started developing bug patches and analysis reports to address the incident.

XRP Ledger
Source: X

The widely used Ripple SDK has exceeded 140,000 weekly downloads due to its extensive use throughout the XRP ecosystem.

A large number of internet-based applications fell victim to the attack. Numerous development groups included the compromised package before performing a removal.

Gen3 Games, a development studio using XRP Ledger, avoided the breach by locking dependencies. The pnpm-lock.yaml file used by their team locked specific versions when performing builds.

By chance, their applications avoided potential damage through the protective update system. Gen3’s CTO, Mark Ibanez, emphasized following the best security procedures.

According to his guidelines, team members should avoid using package.json with dynamic versioning. Per him, lockfiles are critical in blocking unplanned updates during deployment.

The Foundation immediately removed all malicious versions when they were confirmed. The developers who needed clarification about the extent of exposure to the malicious updates remain unknown.

Community members check their entire codebases to identify the usage of the vulnerable versions.

XRP Ledger Exposure Reveals System Weakness

The security breach revealed increasing threats in open-source software networks. Fundamental trust in the ecosystem allowed the perpetrator to exploit the situation through unauthorized publishing under trusted package names.

By taking this approach, multiple standard security checks became irrelevant. The unauthorized versions did not align with their GitHub repository tags. This mismatch triggered the first detection signal, revealing potential irregularities.

The automated system from Aikido Security marked the inconsistent package as suspicious just after the unauthorized version was made available.

Blockchain infrastructure requires unblemished supply chains to thrive. The loss of trust within the system makes many connected services likely to experience collateral damage.

This incident demanded stronger practices for managing versions and securely publishing blockchain code. Crypto development environments operate by using multiple third-party libraries as necessary components.

The absence of proper verification allows risks to emerge from commonly used packages. This incident demonstrated the vulnerability of even established ecosystems like the XRP Ledger.

Dogecoin Breaks Out, But $0.17 Resistance Remains Th Key Test

Anuj Bhor
-
0
Dogecoin Breaks Out, But $0.17 Resistance Remains Th Key Test

Key Insights:

  • Dogecoin broke key resistance with an 8% daily surge above $0.17
  • Charts showed a breakout target of $0.195 if $0.17 holds support.
  • Netflows suggest ongoing accumulation as investors hold through the rally.

Dogecoin (DOGE) broke out of multiple ascending triangle patterns, signaling strong bullish momentum. Its price surged by 8% in a day, surpassing the $0.17 mark.

Traders monitored whether DOGE could sustain its level or face a correction. Rising volume and bullish signals added to the uncertainty in the market.

Breakout from Ascending Triangle Pushes Dogecoin Price Higher

Recently, Dogecoin has formed a sequence of ascending triangle patterns, often used in upward price continuation.

Charts from TATrader_Alan confirmed three breakouts across smaller time frames, highlighting strong upward pressure. DOGE’s latest surge pushed its price from $0.164 to over $0.172.

Dogecoin ascending
Dogecoin ascending triangle | Source: Tatrader Alan, X

Moreover, Ali_charts also has another chart showing DOGE breaking out of a larger ascending triangle. With the pattern’s structure and Fibonacci levels, a potential upside target is $0.195.

At press time, Dogecoin was trading at $0.1713 with a 24-hour gain of 8.15 percent and a daily volume of $1.26 billion.

doge usd
Source: X

DOGE has also entered the top 10 cryptocurrencies by market cap, now at 8, with a market cap of $25.52 billion. The ranking shift and the breakout indicate that the asset is gaining traction and activity.

$0.17 Emerges as Key Level for Dogecoin Price to Hold

The breakout is promising, but analysts stress that Dogecoin must recover and hold $0.17 as support. Ali_charts says that failure to stay above this zone could lead to a deeper correction. Long-term Fibonacci retracement levels place the next lower support around $0.06.

dogecoin price chart
Source: X

The weekly chart shows DOGE is nearing the 0.786 Fibonacci level at $0.167, which must turn into support. Traders may gain more confidence if DOGE closes above this on higher time frames.

However, bullish momentum could fizzle out if the price is rejected from current levels and closes below $0.17.

Exchange Netflows Suggest Accumulation Continues

In the past few weeks, DOGE’s netflows have been primarily negative, with outflows exceeding inflows. Generally, negative netflows imply that more coins are exiting exchanges than entering. This may indicate accumulation.

DOGE spot inflow/outflow
DOGE spot inflow/outflow | Source: Coinglass

Spot outflows stayed steady in early April as the Dogecoin price fell toward $0.15. The recent price breakout had no sudden spike in deposits, as netflows remained flat as the breakout began. That could mean investors aren’t yet running to sell into the move.

Patterns were similar before significant upward moves in the historical netflows in late 2023 and early 2024. While netflows alone don’t predict price direction, they do help to add context to the broader market behaviour.

Long-Term Channel Holds as Structure Remains Intact

Ali_charts shows Dogecoin has been rising in a channel since 2019 in a multi-year trend analysis. Previously, DOGE peaked at $0.58 before retracing and consolidating above the 0.618 Fibonacci level at $0.062.

DOGE has been respecting the channel’s midline and bouncing from around $0.14 to current levels. The upper band of the channel could be a long-term target if the trend continues. However, current resistance is around $0.195 to $0.20 using chart projections.

The trend structure remains valid as long as DOGE continues to make higher lows inside the rising channel. However, a failure to hold $0.17 could break the short-term bullish structure and retest previous support zones.

Solana Price Eyes $200 As Galaxy Digital Dumps ETH For SOL

Josh Alba
-
0
Solana Price Eyes $200 As Galaxy Digital Dumps ETH For SOL

Key Insights :

  • Galaxy Digital sold $105 million worth of Ethereum and purchased $98 million in Solana, signaling a strong shift in market focus.
  • The firm transferred 65,600 ETH to Binance and withdrew 752,240 SOL, reflecting high confidence in Solana’s future performance.
  • A crypto whale who had previously sold large amounts of SOL returned to the market. They boldly purchased $52.78 million for $141 per SOL.

Solana price surged as market activity intensified following Galaxy Digital’s $105 million Ethereum shift. The firm used the funds to buy $98 million worth of SOL, fueling bullish momentum.

On-chain movements and whale re-entry into the market further boosted confidence in Solana’s short-term upside potential. However, bearish signals on the SOL/BTC pair present challenges for sustained outperformance against Bitcoin.

Solana Price Eyes $200 Amid Positive Trends

About 374,161 SOL came into the possession of an active whale, who first sold 451,594 SOL during April. After initially disposing of SOL assets in April, the whale invested $52.78 million in SOL by purchasing it at $141.

This change suggests renewed optimism and confidence in Solana’s near-term price performance. Fresh SOL wallet activity demonstrates bullish price expectations because a new wallet has staked more than 44,116 SOL tokens.

Solana Positive Sentiment
Solana Positive Sentiment | Source: Santiment

Reducing supply and strengthening buying pressure have supported the Solana price. Increased staking activity shows growing belief in Solana’s long-term network value.

Market sentiment data from Santiment shows a sharp increase in positive views toward Solana over the past two days.

The positive recovery indicators match the growing trend of big investors buying SOL tokens. The market conditions generated by these trends establish favorable conditions for Solana prices to exceed $200 shortly.

Galaxy Digital Bets Big on Solana, Exits Ethereum Holdings

Galaxy Digital recently executed a major crypto portfolio shift by exiting Ethereum and acquiring a significant amount of Solana. The business moved Ethereum worth $105 million to Binance in the form of 65,600 ETH to get back 752,240 SOL.

This move highlighted Galaxy Digital’s confidence in Solana price growth for 2025. The firm’s investment signaled a strong belief in SOL’s future upside potential.

In the past two weeks, the firm’s wallet activity aligns with strong accumulation behavior, reflecting confidence in Solana price trajectory. The SOL withdrawal totaling $98.37 million increases the quantity of institutional involvement in the network.

Significant digital asset funds have changed their capital allocation preference in this new market. Galaxy Digital’s aggressive buy-in has energized market participants, coinciding with growing bullish sentiment around Solana.

While Ethereum faces price stagnation near key levels, Solana shows fresh momentum. On-chain activity coupled with staking rewards has become a key factor institutional buyers use to make token acquisition decisions.

SOL/BTC Pair Shows Weakness Despite USD Price Strength

While Solana gains momentum in USD terms, it remains weak compared to Bitcoin’s recent price surge. Bitcoin surpassed $88,000 for the first time in three weeks.

However, Solana demonstrated weakness by declining beneath its resistance zone. The recent market dynamics indicate underperformance and caution as key elements within the crypto sector.

SOL/BTC Price Chart
SOL/BTC Price Chart | Source: StockCharts.com

The trading pair fell from its 0.0020 zone, where bullish turning points have occurred. A price point failure in the past produced an 82% annual decline, which suggests another significant price correction.

According to historical behavior, this trading pair may reach as low as 0.00036. Analyst Tuur Demeester noted this breakdown could extend Solana’s weakness relative to Bitcoin, despite substantial USD price gains.

While Solana price may rally due to staking and accumulation, it could lag behind Bitcoin in relative strength. The market continues to show divergence as hedge fund managers apply varied approaches. Different automated strategies further shape the dynamics of this trading cycle.

Solana Faces Key Resistance at $140

Pump.fun contributes heavily to Solana’s daily supply, creating additional volatility amid bullish signals. During the last 24 hours, the market received 96,000 SOL tokens, a market value of $13.34 million.

The total sales from this source amounted to 1.818 million SOL, with a value of $324.06 million for 2025. The increased supply from this distribution mechanism reduces specific bullish pressures in the Solana price market.

Users’ staking and accumulation of SOL still contribute to its upward momentum. This new supply entered the market, which was received without a price drop, indicating substantial market demand.

The ability to handle such pressure reflects strength in Solana’s trading environment. ****SOL price must surpass $140 to establish ground for a significant rally. The $140 level remains strong resistance, limiting Solana’s breakout despite bullish sentiment.

Bitcoin Faces $91K Wall As Derivatives Fuel Unsustainable Pump

Maxwell Mutuma
-
0
Bitcoin Faces $91K Wall As Derivatives Fuel Unsustainable Pump

Key insights:

  • Open interest jumps 17.4% in 24 hours, raising caution signals.
  • $91K resistance aligns with trader’s realized price level.
  • Inverse head & shoulders hints at short-term breakout potential.

Market data indicates that the latest rally in Bitcoin may not have the strength to push past a major resistance zone around $91,000.

Bitcoin has recently been pushed higher by a sudden increase in open interest and the formation of a technical reversal pattern.

But much of the move seems to be derivative-driven rather than organic buying in the spot market, which is not sustainable.

Derivatives Surge Leads the Price Rally

According to CryptoQuant’s recent data, Bitcoin’s open interest has increased by 17.4% in 24 hours, the largest increase in months.

This is more than previous spikes of 16.4% and 15%, which happened in tandem with short lived rallies in Bitcoin’s price.

The spike in open interest, which is the total value of active futures contracts, was nearly $35 Billion.

Bitcoin oi-change 24 percentage
Bitcoin oi-change 24 percentage  | Source: CryptoQuant

An open interest jump like this indicates increased trader activity and leverage, which typically results in higher volatility. “As we speak, we are seeing the largest 24h Open Interest increase in quite some time,” CryptoQuant analysts said. ‘Historically, pumps driven by derivatives are not sustainable,’”

This implies that the market is driven by speculative bets instead of real demand for spot Bitcoin.

If open interest increases without corresponding spot buying, the market is susceptible to corrections if long positions are liquidated or funding costs rise.

Slowing Momentum Near Resistance Zone

Furthermore, Bitcoin’s price has jumped 4.2% over 24 hours, which is less than the 7.3% and 10.2% increases earlier in this rally cycle.

The price approaching the crucial resistance range between $91,000 and $92,000 is slowing down, which implies that the momentum is dropping.

Bitcoin Momentum Slowing
Bitcoin Momentum Slowing Down | Source: CryptoQuant

This range matches the trader’s realized price, which is in pink in on-chain charts. This line often acts as support in a strong bull trend.

However, it generally acts as resistance when the market is uncertain. Bitcoin is just below this level, and buyers need to come in for the trend to continue.

Bitcoin may see short-term pullbacks unless it gets confirmation of a move above $92,000. Volume and consistency above this level are being watched by analysts before a breakout is confirmed.

The Bull Score on the Chain is Moderate

Currently, the Bull Score Index, a market sentiment model from CryptoQuant, is near 75, which means that the market is still bullish.

Above 60 is generally considered positive market tone, while below 40 is bearish sentiment.

Bitcoin bull score index
Bitcoin bull score index | Source: CryptoQuant

The bull score, though still in the upper range, has declined from earlier highs, indicating that sentiment has cooled a little.

Bitcoin’s price is still in the green shaded bullish zone, but a rejection at $91K – $92K will change that sentiment fast.

This index is a combination of various metrics that demonstrate if momentum is supported by the underlying fundamentals.

Although the current score is a positive one, it is still dependent on increased participation of spot buyers for the price to continue moving upwards.

Technical Chart Pattern Aligns with Price Behaviour

On the other hand, the recent breakout of Bitcoin is in line with a bullish inverse head and shoulders pattern on the daily chart.

It is a formation that is commonly seen during trend reversals and consists of three lows, one central ‘head’ and two higher ‘shoulders’.

Bitcoin inverse head & shoulders
Bitcoin inverse head & shoulders | Source: TaTrader Alan, X

This pattern neckline was around $85,000, and Bitcoin has already surpassed it. A continuation of the breakout would take the target projection from this pattern to $95,000.

Strategy Buys 6,556 BTC: A Bold Bet On Bitcoin’s Future?

Jackson Kelley
-
0
Strategy Buys 6,556 BTC: A Bold Bet On Bitcoin’s Future?

Key Insights:

  • Strategy, formerly known as MicroStrategy, purchased 6,556 Bitcoins between April 14 and April 20.
  • The company spent $555.80 million on the latest acquisition, bringing its total Bitcoin holdings to 538,200 BTC.
  • Strategy’s total Bitcoin investment now stands at $36.47 billion, with an average cost of $67,766 per Bitcoin.

Strategy, formerly known as MicroStrategy, purchased 6,556 Bitcoins between April 14 and April 20. Following the $555.80 million investment, Strategy acquired 538,200 Bitcoins, making its total Bitcoin holdings 538,200.

Strategy’s stock price rebounded nearly 3% following its latest acquisition. This uptick reflects renewed market interest in the company.

bitcoin usd
Source: X

The purchase brings Strategy’s total Bitcoin expenditure to $36.47 billion, with an average cost of $67,766 per Bitcoin. Despite market uncertainties, Strategy has maintained its pace of acquisitions for a second straight week.

The annual earnings from Bitcoin investments reached 12.1%, indicating the company’s sustained trust in BTC as a long-term asset.

Strategy remains the public company with the most significant Bitcoin holdings. It continues to outpace other major entities in the crypto treasury space.

The company demonstrates its dedication to Bitcoin through its continuous buying behavior by increasing its Bitcoin holdings. Two weeks ago, the company acquired additional BTC holdings after purchasing 3,459 BTC worth $285 million.

Strategy Adds 6,556 BTC at $84,785 Each

Strategy acquired 6,556 BTC for $555.80 million, averaging $84,785 per coin during the past week. The recent deal demonstrates the firm’s commitment to Bitcoin as a long-term investment. Under Chairman Michael Saylor, the firm has made its second straight weekly purchase.

This strategic move expands Strategy’s holdings to 538,200 BTC, which cost a cumulative $36.47 billion. As Bitcoin continues to trade in a sideways pattern, the Strategy has focused on long-term gains rather than short-term market shifts.

Despite current market instability, the company does not waver in its investment strategy since it believes Bitcoin deserves future price appreciation. Strife (STRF) stock has appeared on the Nasdaq to help the firm obtain Bitcoin through acquisitions.

The new stock produced by the company seeks to raise more than $20 billion to finance continuous acquisitions. Strategy’s aggressive buying contrasts with market hesitation, emphasizing its commitment to Bitcoin accumulation.

Bitcoin Rally Boosts Strategy Stock Price

Bitcoin rallied to $87,500 on Easter Monday, aiding a slight rebound in Strategy’s stock to $325 in pre-market trading. MSTR’s stock experienced a significant advancement after this price rise because Bitcoin demonstrated strong price compatibility with it.

Strategy’s exposure to Bitcoin is a key market driver for its stock performance. Market analysts foresee an upcoming confirmed uptrend even though Bitcoin has not surpassed the $89,000 resistance point.

Market watchers advise waiting for price clarity since the price level has not been confirmed through a breakout pattern. Despite this, the continuous acquisitions by Strategy hint at expectations for a potential upward breakout soon.

The company’s stock market performance tracks Bitcoin price changes because investors actively respond to Bitcoin developments. Due to its substantial holdings, Bitcoin’s price patterns directly influence the Strategy’s financial positioning.

Metaplanet, ANAP Follow Strategy’s Bitcoin Approach

While Strategy remains the leader in Bitcoin reserves, other companies steadily increase their exposure to the digital asset. Metaplanet acquired 330 more bitcoins worth $28.2 million and now holds 4,855 BTC.

Due to its investment expansion, the organization has secured the 10th position among global public Bitcoin holders. A Japanese retailer, ANAP, entered the Bitcoin market with a $70 million investment. This move came despite stagnant market conditions at the time.

Public companies are steadily increasing their Bitcoin holdings. This trend follows a growing business strategy that views Bitcoin as a valuable asset for long-term positioning.

Metaplanet made another cryptocurrency purchase of 319 BTC, strengthening its overall crypto holdings. The company is set to achieve Bitcoin holding levels similar to what other leading organizations have established.

SHIB Burn Rate Skyrockets 825%: Is A Major Price Move Incoming?

Jackson Kelley
-
0
SHIB Burn Rate Skyrockets 825%: Is A Major Price Move Incoming?

Key Insights:

  • SHIB community recently recorded an 825% surge in the token burn rate within 24 hours.
  • Over 26.4 million SHIB tokens were permanently removed from circulation during this burn event.
  • SHIB’s total burned tokens have reached 410.7 trillion since the burn initiative began.

Shiba Inu (SHIB) community witnessed a massive surge in token burn activity over the past 24 hours. Shibburn reports that 26.4 million SHIB tokens exist permanently outside of circulation.

The fast-blasting increase of 825% in the burn rate demands analysis into how it will affect SHIB’s future price movement.

From the start of this initiative, the Shiba Inu token burn quantity has exceeded 410.7 trillion. During this period, the market showed strong enthusiasm. Meanwhile, SHIB saw a modest price increase, holding steady at $0.00001233.

After generating market positivity through the burn, the market shows conflicting indicators in the short term. The burn mechanism of SHIB supports supply management and develops community-based support for the cryptocurrency.

Attention shifts towards market response after the reduction of circulating supplies becomes complete. Market observers are waiting to determine if this recent burning activity will overcome resistance to the Shiba Inu price.

SHIB Holds Above 20-Day EMA Level

During the previous session, changes in the SHIB market caused prices to reach $0.00001255. However, they later encountered light resistance.

The movement enabled Shiba Inu to recover the 20-day Exponential Moving Average, which totaled $0.00001220. The price movement shows potential, but technical analysis indicators indicate short-term market confusion.

shib price
Source: X

The current Relative Strength Index indicator reached 51.32. This positioned the momentum sector in a neutral condition across the measurement midpoint.

The RSI-based Moving Average sits at 47.95 while showing a lower position, validating no significant market trend. Weak momentum exists according to the Moving Average Convergence Divergence (MACD) indicators because their figures show minimal change.

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

The current MACD indicator stood at -0.00000005 below the signal line at -0.00000013. These values demonstrated negligible differences, indicating minimal forces pushing SHIB upward or downward.

To reach its next meaningful price movement, Shiba Inu needs a decisive external factor, as its momentum remains sluggish.

SHIB Trades Near Critical Liquidation Zone

The current price position of SHIB rests within a crucial liquidation area at $0.00001237. This holds numerous leveraged long positions.

Most leveraged long positions between 25x and 100x face automatic closure. This risk increases as price drops continue. Short-term market selling activity will likely commence if prices fall below this point.

SHIB liquidation data
SHIB liquidation data | Source: Coinglass

Market data showed traders have set up their short positions starting from the $0.00001282 price level. This suggested strategic positioning in response to market trends.

An intense price rise will likely wipe out numerous bearish traders, leading to an additional upward market movement. The position of competing zones against each other forms a constrained trading area, thus boosting the likelihood.

TREAT Token Misinformation Sparks Official Clarification

Shiba Inu developer Kaal Dhairya addressed recent confusion regarding the TREAT token’s availability across different blockchains. The TREAT token became available on the Ethereum network in January 2025.

However, the project did not initiate other blockchain expansions. Reports about false impersonator tokens surfaced on Solana and Base before Dhairya issued the statement.

https://twitter.com/kaaldhairya/status/1914075294601793801

A compromised social media account labeled “Shiba Inu Treat” contributed to the misinformation, leading to fake token deployments. The team leader advised all users to avoid contacting these unverified token versions.

According to him, the Ethereum deployment stands as the sole legal TREAT version at the present moment. The statement clarifies the scams after scammers started using SHIB branding to advertise unauthorized assets.

Core members who serve as situation monitors have paid attention to this action. The team stays devoted to community protection as they work to provide clear updates and vital information to members.

Lucie Urges SHIB Users to Stay Alert

SHIB community member Lucie published an alert notice about the increasing scams affecting the network. She acknowledged the difficulty of removing bad actors while dedicating herself to distributing accurate information.

Staff members, along with other SHIB efforts, work to defend SHIB’s reputation while protecting token owners.

https://twitter.com/LucieSHIB/status/1913832012269457772

Rising numbers of imitation tokens and deceptive promotional activities confuse purchasing customers. Team leaders make it essential for users to validate their sources when working with tokens that carry the SHIB brand.

The expansion of fake projects demands that people maintain effective communication across various networks.

PlanB Slams Ethereum As “Centralized”: Is ETH Losing Its Edge?

Anuj Bhor
-
0
PlanB Slams Ethereum As “Centralized”: Is ETH Losing Its Edge?

Key Insights:

  • PlanB renewed criticism of Ethereum by targeting its Proof of Stake model and questioning its decentralization.
  • Ethereum price has fallen nearly 60% since late last year, and its dominance in the crypto market has weakened.
  • PlanB emphasized Ethereum’s pre-mined supply and flexible monetary policy as major concerns for long-term credibility.

This week, a new wave of criticism hit Ethereum as prominent Bitcoin analyst PlanB reignited debate over ETH’s long-term value. ETH lost approximately 60% of its value from year-end, driving its BTC trading pair to reach a historic nine-year low.

Ethereum’s dominance in the crypto market has dropped to its lowest level in five years. This shift reflects changing market dynamics and investor sentiment.

ethereum
source: X

This criticism intensified as PlanB targeted Ethereum’s fundamental structure, mainly its Proof of Stake (PoS) consensus. He raised concerns about ETH’s centralization, pre-mined supply, and shifting monetary policy.

The market paid close attention to these remarks after Ethereum failed to meet expectations in the 2024 period. In contrast, ETH proponents defended the network, pointing to its increasing relevance in stablecoin transactions and real-world asset integration.

They highlighted Ethereum’s role in processing more transaction volume than traditional payment systems. Despite ongoing price pressure, the Ethereum ecosystem grows across stablecoin and smart contract usage.

PlanB Renews Criticism Against the Structure of Ethereum

PlanB criticized Ethereum’s use of Proof of Stake, arguing it increases centralization by favoring large token holders.

He compared Ethereum’s model to Bitcoin’s Proof of Work, which he believes maintains better decentralization. This view gained momentum as Ethereum continued to lose market share against Bitcoin.

eth price
source: X

A post from Vitalik Buterin from 2022 targeted PlanB’s Stock-to-Flow Bitcoin model in an analyst’s revisit of this content. Using this reference, PlanB highlighted Ethereum’s current decline as evidence of flawed tokenomics.

The analyst suggests that adjustable supply mechanisms have impacted ETH’s decentralization. Additionally, pre-issue distribution played a role in its loss of status as a decentralized asset.

eth price
source: X

He also pointed out Ethereum’s early-stage pre-mining, where 72 million ETH were distributed before launch. He explains that such distribution has resulted in an uneven control setup inside the Proof-of-Stake system.

According to him, the system’s nature opposes decentralization while offering excessive decision-making control to a narrow group of entities.

PoS Model Raises Questions About Security

Ethereum’s transition to PoS through The Merge drastically cut its energy usage but raised concerns about long-term decentralization. Network security might suffer due to the criticism that the Pos implementation depends on rich validators for consensus.

Although more energy-efficient, this change created uncertainty about Ethereum’s future dominance. Crucible Capital executive Meltem Demirors described the switch as an error costing trillions.

She claimed that Ethereum’s switch diluted its role in GPU innovation and core protocol strength. This argument resonated with some who view ETH’s shift as a break from its original decentralized vision.

PlanB and other analysts suggest that the proof-of-stake consensus mechanism benefits large investors. At the same time, they argue that it reduces the resilience of network operations.

They believe the supply flexibility of Ethereum allows protocol changes that can impact economic policy without community consensus. The ongoing negative outlook about ETH persists because of its declining market valuation.

RISC-V Upgrade Aims to Boost Ethereum

In response to the criticism, analyst Danny Marques emphasized ETH’s expanding role in digital payments and asset management. He noted that Ethereum-based stablecoins processed $14 trillion in 2024, surpassing Visa’s $13 trillion.

Marques used this to argue that Ethereum’s utility continues to grow despite market volatility. A recent Bitwise report confirmed that over 50% of the global stablecoin supply is based on the Ethereum network.

Stablecoin Transactions vs. Visa Payment
Stablecoin Transactions vs. Visa Payment | Source: Bitwise

According to Marques, Ethereum’s strong position in stablecoin infrastructure makes it an influential member of financial ecosystems. This development reflects Ethereum’s integration into real-world payment frameworks and financial products.

eth price prediction
source: X

Additionally, the Ethereum network hosts over 56% of all real-world asset value recorded on blockchains. The traditional financial market incorporates digital instruments such as stablecoins and tokenized bonds, while providing other digital instruments.

Supporters argue that this foundational role positions ETH for future adoption despite temporary price challenges. Despite the criticism, Ethereum developers continue advancing the network through performance and scalability upgrades.

Co-founder Vitalik Buterin recently proposed replacing the Ethereum Virtual Machine with RISC-V architecture. This shift could improve smart contract performance while preserving compatibility with existing code.

Bitcoin vs. Gold: Will BTC Rise or Fall? Experts Debate Future

Josh Alba
-
0
Bitcoin vs. Gold: Will BTC Rise or Fall? Experts Debate Future

Key Insights:

  • Bitcoin surged by 3.44%, briefly crossing $87,700 before settling above $87,100, showing renewed market momentum.
  • Fundstrat’s Tom Lee expects Bitcoin to rise further now that market deleveraging has eased and pressure has reduced.
  • Gold reached a record high in early April and continues to gain amid growing global economic uncertainty and volatility.

Bitcoin (BTC) surged by 3.44%, briefly surpassing $87,700. It later stabilized, holding above $87,100. Meanwhile, gold hit a new all-time high in early April and continues its upward momentum.

Experts debate whether Bitcoin will continue its upward momentum or undergo a deep correction. Shifting market forces play a key role in determining its next move.

Bitcoin Breaks Resistance Amid Market Rebound

Bitcoin value rose to $87,700 this Sunday after surpassing previous market boundaries and then regressed slightly. BTC maintained trading at over $87,100 despite its temporary price reduction because continued buying signals persist.

Since the start of last week, the token’s price has climbed 4.56%, indicating that buying pressure continues building. The technical indicators show an upward trend, which suggests initiating a new business cycle.

The Relative Strength Index demonstrated 57.72 strength. This exceeded its moving average of 50.12 because it continues growing upward. The MACD line now surmounts the signal line, since the indicator displays increased momentum through green histogram bars.

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

The Aroon indicator showed both Aroon Up and Aroon Down at 0%, confirming the breakout due to strong bullish momentum. Market participants indicated that Bitcoin successfully moved beyond its previous period of consolidation.

Market sentiment has turned positive according to trader signals, which prompt immediate reactions on their part.

Lee Predicts Bitcoin Growth Over Gold

Fundstrat’s Tom Lee expressed confidence in Bitcoin’s long-term potential and sees room for growth compared to gold. He believes the recent deleveraging period has held Bitcoin back, especially during weekend trading. Now that the pressure is off, he expects Bitcoin to climb further.

Lee pointed out that BTC lagged behind gold while institutions were selling off digital assets to manage risk. As gold steadily climbed, Bitcoin remained under $85,000 until this weekend’s surge.

The relaxation of deleveraging constraints makes him believe that crypto assets can succeed as an alternative to the United States dollar.

BTC price
Source: X

According to Lee, Bitcoin has significant upside as the market rebalances, and traditional assets face mounting pressure.

He views BTC’s current level as a base for further gains, not the peak. According to his assessment, Bitcoin can achieve equal value to gold over the following few years.

Gold Prices Rise as Markets Falter

Gold achieved its highest-ever price point at the start of April while sustaining its growth trajectory due to rising market demand. Research shows market participants buy safe-haven assets due to stock and bond market instability.

Joe Kernen noted gold’s consistent upward movement as Bitcoin struggled to break through resistance. Gold exhibits stable pricing patterns alongside a significant decline in equity market values of the S&P 500 and Nasdaq.

The commodity is the preferred choice for value storage during financial distress, particularly as inflation anxiety increases. Kernen believes that under current market conditions, gold will climb to reach $4,000 per ounce.

Market conditions favor strong gold prices as central banks maintain high demand. Additionally, global uncertainties continue to grow, reinforcing gold’s stability.

The combination of economic changes, rate prediction, and geopolitical events has increased the demand for precious metals. Non-dollar assets show that gold holds the top position in performance records for the current year.

Bloomberg’s Mike McGlone Warns of BTC Collapse

In contrast to bullish views, Bloomberg Intelligence’s Mike McGlone sees a bleak path for Bitcoin in the near term. He predicted that Bitcoin could collapse to $10,000, citing its correlation with broader financial markets.

According to McGlone, the combination of a deflationary recession will result in downfalls across all risk assets, including cryptocurrency.

BTC Price
Source: X

According to him, the S&P 500 index has a target of 4,032 while crude oil prices may settle at $40 per barrel. These expectations reflect his bearish stance on macroeconomic trends and their influence on BTC.

According to McGlone, Bitcoin could fall sharply from its $100,000 projection to just $10,000. This prediction highlights concerns over market volatility and shifting economic conditions.

Whale Turns Bearish On HYPE Price: Shorts Trigger $17.50 Drop

Jackson Kelley
-
0
Whale Turns Bearish On HYPE Price: Shorts Trigger $17.50 Drop

Key Insights:

  • Whale places $1.71M in shorts on Hyperliquid (HYPE) near the $18.90 resistance zone.
  • Futures open interest climbed to over $600M as HYPE price recovers.
  • 18.6M HYPE bridged to HyperEVM, signaling fast-growing ecosystem use.

A major whale placed short orders worth $1.71M, impacting market movements. Following this, HYPE Price is now seeing discovery near $17.50.

Open interest has surged to $600M, reflecting strong market momentum. Meanwhile, HyperEVM adoption is accelerating, with over 18.6M HYPE bridged in just six weeks.

Futures Activity Grows as HYPE Price Approaches Key Zone

Open interest in HYPE’s futures market has steadily grown from under $400 million on April 1 to over $600 million on April 19. The increase indicated rising trader participation from new speculative entries or hedging. HYPE price rose from around $11 to over $17.50 during the same time.

HYPE futures open
HYPE futures open interest (USD) | Source: Coinglass

Open interest rising in tandem with price rising usually means momentum building. However, it can also draw in short sellers looking for a reversal. Daily volume has supported this move. It has consistently traded between $100 million and $400 million in the past two weeks.

HYPE volume
HYPE volume | Source: Coinglass

On April 10, there was a notable spike with volume exceeding $600 million. This pattern is a strong participation pattern, but also sets up potential volatility at current price levels.

HYPE Price Meets Resistance as Bearish Setup Forms

Hyperliquid bottomed near $10.32 earlier this month and was recovering, reaching a high around $17.55 on April 20. The daily chart showed that HYPE price was testing resistance between $17.30 and $18.90. This is the same area that has capped upward moves in the past.

HYPE/USD Price
HYPE/USD Price Chart | Source: TradingView

Two possible outcomes appear. A move above $18.90 could start a move to $27.22. However, HYPE price could return towards $14 or lower if current levels cannot be held.

Upward momentum is supported by the MACD crossover earlier this month, but the resistance zone is a key decision point.

Whale Short Triggers Sentiment Shift Near Local High

Spot On Chain highlighted that a whale deposited $5.1 million USDC into HyperLiquid on April 20. Shortly after, the whale placed short orders for 91,267.52 HYPE, valued at approximately $1.71 million.

These orders were executed at price levels ranging from $18.50 to $18.90. These orders were placed at the upper end of the recent HYPE Price range. This suggests anticipation of a local top or a potential downswing.

The price has stalled near a resistance level. Short positions have formed at this stage, potentially contributing to downward pressure.

The whale’s move brings caution to a steadily rising price trend. In the coming days, price will determine whether this will trigger further selling or be reversed by a short squeeze.

Adoption Growth Adds Long-Term Strength

Although short-term positioning may change, the adoption of HyperEVM is growing. As of April 20, 18.6 million HYPE tokens have been bridged into HyperEVM. On March 3, this figure was just 0.81 million. Demand for bridging has increased more than twentyfold in under two months.

HYPE bridged to HyperEVM
HYPE bridged to HyperEVM over time | Source: X

The more HYPE is used within applications, the more it can support long-term value. The rise in futures interest also brings context to the recent surge as more users participate in trading and ecosystem usage.

Technical resistance holds in the short term, but continued usage may support the price in the long run.

Bitcoin Adds Broader Market Support

A MACD crossover and a falling wedge breakout have helped Bitcoin break above a long-term descending trend. The move has improved overall market sentiment, often resulting in inflows into alternative assets such as HYPE.

Bitcoin MACD
Bitcoin MACD crossover | Source: X

Even as large players turn bearish near current levels, the strength in Bitcoin could be a support factor for HYPE. With ecosystem activity growing, traders may see dips in HYPE as buying opportunities if Bitcoin continues to rise.

Cardano Teeters On Breakout Edge—Will ADA Skyrocket 27% Soon?

Maxwell Mutuma
-
0
Cardano Teeters On Breakout Edge—Will ADA Skyrocket 27% Soon?

Key Insights:

  • Cardano’s price is approaching a possible breakout as it trades within a tightening symmetrical triangle pattern.
  • ADA is trading at $0.6424 after gaining 4.3 percent in the last 24 hours.
  • Technical analysis suggests a breakout from the triangle pattern could result in a 27% price increase.

Cardano’s (ADA) price shows signs of nearing a significant technical breakout as it hovers within a tightening symmetrical triangle pattern.

With recent upward movement and increased attention from analysts, ADA’s potential for a major move is rising.

Despite current hesitation in market sentiment, technical indicators hint at a turning point that could push ADA upward by 27%.

Symmetrical Triangle Hints ADA Price Surge

Cardano has been consolidating within a symmetrical triangle, which has been forming steadily since the beginning of April 2025.

The price movement will occur soon since market equilibrium is being established. Nonetheless, ADA maintains a trading position of $0.6424, which increased 4.3% throughout the past 24 hours.

Bull and bear traders push prices toward each other as the pattern develops through decreasing price margins.

According to technical analysis by crypto analyst Ali Martinez, symmetrical triangles maintain the existing market trend while forming.

The price could experience sizable gains if it breaks out in the same direction it was previously headed.

ada price
Source| X

Analyst projections indicate that Cardano might have initiated its breakout phase from this pattern.

Confirming pattern breakout can generate price increases as high as 27% because symmetrical triangles normally display these move patterns.

ADA Holds Steady Amid Mixed Signals

Despite the promising chart pattern, the current sentiment surrounding Cardano remains split.

According to CoinCodex, ADA maintains a neutral sentiment, while the Fear & Greed Index stands at 39, which signals market fear.

The market exhibits caution through inconsistent indicators despite bullish technical trends.

Cardano has recorded 14 green days in the past 30 days, representing a 47% positive day ratio.

ADA remains with a slight upward bias, yet its value decreased by almost 10% throughout the same timeframe.

The 7.31% indicates a moderate yet stable price volatility during the last 30 days.

CoinCodex predicted through statistical modeling that ADA would increase in value to 18.55% by May 21, 2025.

Organizations project ADA’s performance will reach current levels, but the price will not reach its maximum breakout potential.

The projected price movement depends on the market’s performance compared to technical pattern indications.

Cardano Technical Indicators Signal Market Stalemate

The current technical readings suggest high levels of market confusion because clear momentum signals remain absent.

The Relative Strength Index (RSI) measures 45.29 while its moving average is 44.21. At this point, between buying and selling pressure, the market registers neutral indications.

Evaluating the Moving Average Convergence Divergence (MACD) reveals weak momentum development.

The MACD currently sits at -0.0187 below the -0.0235 position of the signal line. Data from the histogram shows 0.0048 as further evidence that a bullish crossover does not currently exist.

ADA 24-hour price
ADA 24-hour price chart | Source: TradingView

The Chaikin Oscillator is currently in a deep negative position of -9.98 million. The analysis shows continuous distribution activities accompanied by capital movement out of the market.

The ongoing downward trend will probably keep ADA in a trading rut or cause slight market decreases until it reverses direction.

Cardano Funding Rate Flips Show Uncertainty

Derivatives data illuminates existing market situations and reveals sporadic trading actions.

Ada’s funding rate continues to flip between positive and negative values, reflecting divided sentiment among market participants.

The shifting funding rates maintain equilibrium between traders holding positive and negative market expectations.

ada price prediction
Source| X

During periods of stable prices, the funding rate exhibits unpredictable behavior.

From early through mid-March, it showed primarily negative values and then transitioned to alternating patterns. This market instability strengthens the derivatives market’s indecision.

The analysis of open interest reveals that market participants maintain no clear direction regarding ADA’s next move.

The ADA price consolidation matches the symmetrical triangular pattern where market traders show equal interest in both direction bets.

Higher momentum and growing volume usually lead to a short-term breakout from the current price range.

123...39Page 1 of 39

Analyzing Market leads in delivering incisive stock market and economic insights, aimed at enlightening, guiding, and equipping its audience. We unveil pivotal financial data and trends, previously obscured or overlooked, across diverse media platforms including digital and mobile. Regardless of where life takes you, Analyzing Market ensures you stay informed with actionable intelligence right at your fingertips.

More from AM

Contact

No menu items!

Copyright © 2024 Analyzing Market