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

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Key Insights:

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

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

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

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

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

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

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

Dogecoin ETF Race Grows Among Firms

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

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

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

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

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

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

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

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

Dogecoin Charts Signal Possible Price Breakout

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

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

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

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

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

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

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

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

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

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Key Insights:

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

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

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

IBIT Bitcoin inflows
IBIT Bitcoin inflows | Source: X

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

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

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

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

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

Macro Chain Index Signals a Rare Buy Opportunity

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

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

Macro chain index
Macro chain index | Source: Alpha Extract

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

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

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

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

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

Cup and Handle Pattern Holds Above Retest Zone

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

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

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

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

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

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

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

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

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

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

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

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Key Insights:

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

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

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

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

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

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

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

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

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

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

Bitcoin Holds $95K Support but Faces Critical Test Ahead

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

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

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

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

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

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

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

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

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

Bitcoin ETF Inflows Strengthen Market Structure

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

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

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

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

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

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

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

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

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

Carl Moon Predicts Bitcoin Reaching 104000

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

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

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

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

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

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

Solana Eyes Major Breakout as Big Money and Bullish Patterns Align

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Key Insights:

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

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

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

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

SOL Forms Bullish Cup-and-Handle Pattern

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

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

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

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

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

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

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

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

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

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

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

Solana Attracts Heavy Investments From Firms

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

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

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

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

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

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

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

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

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

Solana Maintains Support Above Key Averages

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

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

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

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

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

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

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

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

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

SOL Total Liquidations
SOL Total Liquidations Chart | Source: CoinGlass

Spot Market Activity Suggests Steady Sentiment

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

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

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

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

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

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

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

Global Bitcoin Reserves Drop Sharply as Governments Shift Strategies

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Key Insights:

  • Governments worldwide have reduced their Bitcoin reserves significantly between July 2024 and April 2025.
  • The United States remains the largest holder but has liquidated part of its Bitcoin reserves to address fiscal challenges.
  • China has maintained its Bitcoin holdings at 194,000 BTC despite strict crypto trading and mining activities bans.

Governments worldwide have significantly reduced their Bitcoin holdings, marking a strategic shift in the growing cryptocurrency ecosystem.

New data from CoinGecko shows a sharp decline in global Bitcoin reserves from July 2024 to April 2025.

This change reflects different approaches among countries as economic pressures and market opportunities evolve rapidly.

US Bitcoin Reserves Drop Amid Liquidations

The US remains the largest holder of Bitcoin among global governments, but has reduced its reserves significantly over the past months.

August 2024 started with 210,000 BTC belonging to the US government until April 2025, which reduced it to 198,012 BTC.

The authorities reported that asset liquidation from forfeiture proceedings allowed the government to solve financial problems.

The government primarily acquires Bitcoin through seizures from criminal activities and occasionally from open-market purchases when necessary.

Despite the reduction, the United States still controls the largest share of Bitcoin held by any government globally.

The Bitcoin sales occurred as part of economic strategies focused on stabilizing finances and improving monetary liquidity.

Market analysts believe that the US liquidation impacted Bitcoin’s short-term price dynamics but supported governmental budget needs.

Moreover, the United States actively explores blockchain innovations while adjusting its Bitcoin strategy.

According to their analysis, the economic situation might drive experts to recommend extra asset liquidations.

bitcoin holdings
Source: Coingecko

China Holds Bitcoin Reserves Without Trading

China holds the second-largest government-owned Bitcoin stockpile, with 194,000 BTC unchanged since July 2024.

Most Bitcoin in the country’s reserve originated from the seizure of the 2019 Ponzi scheme called PlusToken instead of active market engagement.

Despite possessing huge Bitcoin assets, China upholds its restrictive crypto trading and mining regulations.

Interestingly, China has refrained from liquidating its Bitcoin, signaling a wait-and-see approach rather than active trading.

The government made this decision as part of its internal policies concerning seized digital assets, enabling them to monitor other regulatory efforts more effectively.

The government continues enforcing crypto mining prohibition in the country by suppressing occasional mining activities in rural locations.

China adopts a strategic viewpoint toward digital assets yet chooses not to participate in international crypto market operations.

The Chinese government continues to develop public digital currency systems and works to stop the expansion of both centralized and decentralized cryptocurrencies.

Thus, China’s steady Bitcoin holdings contrast sharply with the US’s more flexible approach.

Governments Adopt Different Bitcoin Reserve Strategies

The United Kingdom ranks third in government-held Bitcoin reserves, maintaining a stable stockpile of 61,000 BTC since mid-2024.

The United Kingdom acquired Bitcoin through financial crime investigations by seizing assets resulting from unlawful financial activity.

Officials have made no significant moves to sell or increase their Bitcoin reserves during this period.

Bhutan has taken a different approach, acquiring 8,594 BTC by operating state-owned Bitcoin mining farms.

Bhutan’s primary method differs from other countries because it prioritizes organic growth over market-driven acquisitions when building Bitcoin reserves.

The country’s mining efforts reflect a national strategy to leverage renewable energy sources for Bitcoin production.

El Salvador continues to aggressively expand its Bitcoin holdings, with a reserve of 6,135 BTC as of April 2025.

Under President Nayib Bukele’s leadership, El Salvador followed a daily policy of Bitcoin purchases.

This approach positions El Salvador uniquely among governments, as it uses Bitcoin integration to attract tourism and investment.

Each country’s approach to Bitcoin reserves highlights the diverse strategies evolving in the global crypto landscape.

Different governments select between asset sales as their main strategy or adopt accumulation or stabilization tactics for their Bitcoin investments.

Collectively, these varying policies contribute to the overall decline in global government-held Bitcoin reserves.

Bitcoin Prices Rise Amid Economic Shifts

Bitcoin prices surged 11% between April 20 and April 26, reaching a two-month high of nearly $94,000.

The market value of Bitcoin elevated when President Donald Trump made implied remarks about lowering trade barriers.

Additionally, Bitcoin exchange-traded funds (ETFs) witnessed a net inflow of $3.1 Billion during the same period.

Over the week, the S&P 500’s 7.1% gain further contributed to optimism surrounding risk assets, including Bitcoin.

However, market analysts caution that Bitcoin’s sustained rally depends heavily on macroeconomic developments and liquidity conditions.

Significant inflows into spot Bitcoin ETFs suggest growing confidence, but consistency remains crucial.

Experts predict that Bitcoin could surpass the $100,000 mark by May if favorable trends continue.

Still, Bitcoin must show clear independence from traditional market movements to maintain new highs.

Furthermore, ongoing discussions about US interest rates and Federal Reserve policies will influence Bitcoin’s short-term performance.

Thus, while the recent surge in Bitcoin prices offers strong momentum, challenges persist amid broader economic uncertainty.

Bitcoin’s success in setting a new all-time high will likely require persistent inflows and supportive monetary policies.

During this period, the cryptocurrency market remains affected by worldwide fiscal decisions and trade policies.

Bitcoin Rockets Past $94K After $3.4B Inflows — New Peak Incoming?

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Key Insights:

  • Bitcoin surpassed $94,000 after recording $3.18 Billion in inflows, its highest price since March.
  • The digital asset market attracted $3.4 Billion in inflows, marking the third-largest weekly inflow on record.
  • Spot Bitcoin ETFs in the United States contributed over $3 Billion to the week’s total inflows.

The digital asset market staged a strong recovery last week as $3.4 Billion poured into cryptocurrency investment products.

Bitcoin price surged past $94,000, hitting their highest level since March and signaling renewed strength.

With rising inflows and bullish momentum, many market watchers now anticipate the possibility of a new all-time high soon.

Spot Bitcoin ETFs Record Massive Gains

Bitcoin products led the market recovery by capturing $3.18 Billion of the total weekly inflows, indicating dominant performance.

Prices rallied sharply as Bitcoin crossed the $90,000 mark, pushing further towards $94,000 by the end of the week.
Insignificant outflows stopped completely during the week, leading to a total year-to-date inflow of $3.7 Billion.

Spot Bitcoin ETFs in the United States accounted for a major portion of inflows, adding over $3 Billion during the week.

ETFs witnessed their biggest flow of funds during the past five months, which ranks second only to another record-breaking week historically.

Furthermore, whale activity intensified with a reported $110 Million in over-the-counter purchases of Bitcoin and Ethereum.

Flow by Asset
Source: CoinShares

Combined macroeconomic pressures and a weakened U.S. dollar enhanced Bitcoin’s appeal as a resilient asset.

As gold prices corrected lower, many shifted towards Bitcoin, viewing it as a superior store of value.

The US led the regional Bitcoin inflows by investing $3.3 Billion, yet Germany invested $51.5 Million, and Switzerland allocated $41.4 Million.

flow exchange by country
Source: CoinShares

Spot Ethereum ETFs See Fresh Inflows

Ethereum investment products pulled in $183 Million last week to stop a nine-week streak of withdrawals, thus demonstrating robust market faith.

ETFs tracking spot Ethereum on the U.S. market delivered $157.1 Million in positive net inflows during the week, marking their first such increase since February.

The restored focus on Ethereum led altcoins to obtain fresh momentum across their market.

Ethereum market price started rising, and at the same time, investors became more optimistic about future network developments and general market adoption potential.

While Bitcoin captured most of the market spotlight, Ethereum’s quiet rebound suggested a broader appetite for large-cap digital assets.

Market activity regarding Ethereum derivatives extended past previous highs, indicating traders expect future prolonged expansion.

Although Bitcoin’s dominance remains strong, Ethereum’s rebound hinted at diversification across leading digital assets.

The iShares ETF products from BlackRock received the most significant influx of funds from investors because institutional demand was increasing.

ARK and Fidelity captured $621 Million and $574 Million from investors, respectively, although these figures demonstrate the rising demand for moderate, better-performing products.

Solana Faces Outflows Despite Market Recovery

While Bitcoin and Ethereum enjoyed strong inflows, altcoins presented a mixed picture, with XRP and Sui gaining but Solana facing outflows.

Investors’ willingness to buy XRP investment products rose to $31.6 Million because of regulatory technicalities and growing institutional interest.

The investment interest in new blockchain environments grew evident as Sui funds secured $20.7 Million.

Against the market trends, Solana experienced a $5.7 Million outflow, separating it from all other major digital asset investments that gained capital.

The Solana-based investment vehicles lost capital while the broader market was recovering, showing that investors demonstrated risk-averse behavior toward Solana.

The market trend showed investors choosing assets because they displayed more dependable stability or better-defined growth potential.

Excluding the main U.S. capital movements, minor positive flows were detected in Australia, Sweden, and Hong Kong.

Meanwhile, blockchain equities, particularly Bitcoin mining ETFs, also experienced renewed interest, recording $17.4 Million in net inflows.

Is Dogecoin Ready to Explode? 4 Key Trends You Should Watch

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Key Insights:

  • Dogecoin network activity surges, with new addresses nearing past cycle highs.
  • Falling wedge breakout and Stochastic RSI bullish cross suggest trend reversal.
  • OBV breakout and liquidation map show strong buying pressure building for Dogecoin.

Dogecoin has broken out of a falling wedge pattern and recorded a bullish cross on the Stochastic RSI.

On-chain data shows a sharp increase in new addresses, while the OBV pattern and liquidation levels suggest rising trading activity around current price levels.

Spike in New Dogecoin Addresses Hints at Fresh Momentum

Glassnode on-chain data indicates that Dogecoin is seeing a steep rise in new addresses being created on its network.

In the past, sharp increases in the number of new addresses have occasionally occurred during periods of strong price appreciation.

According to recent figures, new addresses are approaching peak cycle highs. This sharp rise shows that more users are coming into the Dogecoin network for trading, holding, or any other activities within the ecosystem.

Dogecoin number
Dogecoin number of new addresses | Source: glassnode

Price movements are often supported by growing network activity because it brings more liquidity and market interest.

Dogecoin’s bullish technical setup could be strengthened by sustained growth in user adoption, as the market looks for larger moves across crypto assets.

Bullish Wedge Breakout in Play — More Upside?

Two important technical signals have recently appeared on Dogecoin’s biweekly chart. Trader Tardigrade analysis shows that DOGE has broken out of a falling wedge pattern that had been forming since late 2024.

Dogecoin falling
Dogecoin falling wedge & stoch RSI analysis | Source: X

Falling wedge break out often show potential for a trend reversal. A bullish cross on the Stochastic RSI is also supporting this breakout, which is when the blue and orange lines crossed upward, indicating momentum strength.

These developments indicate that Dogecoin’s technical outlook is improving after months of downward pressure.

On-Balance Volume Mirrors Past Outperformance Pattern

Additionally, the On-Balance Volume (OBV) for DOGE/BTC is mirroring a pattern that was last observed before Dogecoin’s major rally from October to December 2024.

OBV is a cumulative trading volume that tracks buying and selling pressure.

Doge/BTC
Doge/BTC | Source: X

The current OBV breakout from a consolidation phase is very similar to the pattern before Dogecoin’s previous outperformance against Bitcoin.

DOGE had been building volume for weeks without a major price movement, and it surged during that period.

Price action and OBV trending together can indicate a stronger move later on. Even if prices move slowly at the beginning, a continued rise in OBV would indicate that buyer demand is increasing.

Dogecoin may soon outperform Bitcoin again, if it repeats this behaviour, but external market conditions will also be a factor.

Liquidation Map Shows Potential Pressure Points

One key metric traders are watching closely is the liquidation map, which highlights where potential pressure points could trigger the next major move.

It’s clear from the map that short liquidations are concentrated heavily between $0.18 and $0.19.

If Dogecoin’s price breaks above that zone, it could induce a short squeeze, with short sellers having to buy back their positions, further driving the price higher. This can cause fast, sharp price movements.

DOGE exchange
DOGE exchange liquidation maps | Source: CoinGlass

Conversely, on the downside there’s a cluster of long liquidations around the $0.17 level. This point could be a point of selling pressure as long positions are liquidated if the price drops below this point.

Strategy Scoops 15,355 BTC For $1.42B As Bitcoin Hits $95K

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Key Insights:

  • Strategy acquired 15,355 BTC between April 21 and April 27, 2025, finalizing the purchase on April 28.
  • The company spent approximately $1.42 Billion on the latest Bitcoin purchase at an average price of $92,737 per Bitcoin.
  • Strategy’s total Bitcoin holdings have now risen to 553,555 BTC, representing about 2.63 percent of Bitcoin’s circulating supply.

Strategy, formerly MicroStrategy, expanded its Bitcoin holdings by acquiring 15,355 BTC between April 21 and April 27, 2025.

Strategy completed the transaction on April 28 to increase its Bitcoin holdings, resulting in a total of 553,555 BTC in its reserve.

This aggressive move reinforced Strategy’s commitment to Bitcoin accumulation as prices increased to $95,000.

https://twitter.com/saylor/status/1916825375155380688

The company stated it used $1.42 Billion to acquire additional Bitcoin, buying each for an average price of $92,737.

The company made significant progress in its Bitcoin portfolio value to reach approximately $52.76 Billion based on Saylortracker data.

Despite Bitcoin’s volatility, the Strategy maintained its confident purchase pattern, leveraging bullish market momentum.

During the announcement, Bitcoin reached $93,800 in trading value, which brought it closer to a significant psychological benchmark.

Strategy’s Chairman, Michael Saylor, disclosed the acquisition through a post on X, reflecting strong corporate optimism.

The company’s valuation now approaches $100 billion, as its stock price increased 23 percent throughout the year.

Strategy Buys 15,355 Bitcoin, Strengthening Holdings

Strategy revealed that it bought 15,355 BTC for approximately $1.42 Billion during the past week.

Strategic Chairman Michael Saylor stated that the company spent $92,737 on average for each Bitcoin it purchased.

This acquisition confirmed Strategy’s continued acceleration in Bitcoin accumulation during the first half of 2025.

The company acquired additional Bitcoin, totaling 553,555 BTC, which amounted to 2.63% of Bitcoin’s circulating supply.

Bitcoin price remained strong above $93,000 as the company made its latest Bitcoin acquisition. The strategy’s focus remained clear, as the purchase aimed to strengthen its digital asset strategy.

Strategy’s Form 8-K filing
Strategy’s Form 8-K filing with the US SEC | Source: Strategy

From Saylor’s perspective, Bitcoin has increased in value by 13.7% since the beginning of the year, thus establishing it as a valuable reserve asset.

The company entered the Bitcoin market by acquiring assets worth $37.90 Billion, which subsequently gained considerable unrealized profits.

Strategy maintained its focus on acquiring Bitcoin despite higher prices than previous purchases.

Strategy Sees Success with Bitcoin Purchases

Before the latest purchase, Strategy bought 6,556 BTC on April 21, spending $555.8 Million at an average price of $84,785 per Bitcoin.

This was preceded by an April 14 acquisition, where Strategy secured 3,459 BTC for $285.8 Million at $82,618 each.

Because of these acquisitions, the data showed consistent exponential growth across consecutive weeks.

The firm executed two significant acquisitions in March 2025, bolstering its Bitcoin holdings as the market rose.

On March 31, Strategy purchased 22,048 BTC for $1.92 Billion, paying an average of $86,969 per Bitcoin.

The company made another Bitcoin purchase of 6,911 BTC on March 24, spending $584.1 Million at an average price of $84,529 per Bitcoin.

On March 17, 130 BTC were acquired for $10.7 Million, demonstrating that the organization continued acquiring Bitcoin throughout the period.

The current Bitcoin market prices indicate that all Bitcoin acquisitions from March through April have become profitable.

The most profitable acquisition occurred on March 31, when the company realized an unrealized gain of $179 Million.

Bitcoin Rally Boosts Corporate Holdings and Profits

As Bitcoin’s price climbed to $93,800 and edged to $95,000, Strategy’s aggressive buying strategy began paying off handsomely.

The average cost basis for Strategy’s Bitcoin was $68,459, significantly below the current market price. Thus, the firm’s long-term accumulation strategy amidst volatility rewarded its conviction.

The company’s market capitalization has surged, driven by both Bitcoin appreciation and rising share prices of Strategy (MSTR).

Shares of this company reached $368.7 after reporting the data, which demonstrated strong cumulative equity market performance.

Strategy moved closer to a $100 Billion market valuation, reinforcing its position as a leading corporate Bitcoin holder.

XRP Whale Dumps $69M — Major Ripple Sell-Off About To Begin?

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Key Insights:

  • A large XRP Whale transferred 29.53 million XRP worth $68.72 Million to Coinbase during a major price surge.
  • Derivatives market data shows traders favor long positions with a Long Short Ratio trending above 0.95.
  • Analyst Ali Martinez predicts that XRP could reach between $2.70 and $2.90 based on an inverse head-and-shoulders breakout.

A large XRP Whale recently transferred about 29.53 million XRP, worth around $68.72 million, to Coinbase.

The massive transfer occurred as XRP achieved its biggest price point in over a month.

The movement of XRP assets worth $68.72 Million by a high-profile XRP Whale causes market observers to wonder whether this could be a sign of future market turmoil inside Ripple’s systems.

The massive XRP transfer occurred when the currency experienced rapid price growth, reaching its highest point in a month-long period, attracting public market interest.

Large cryptocurrency owners usually take advantage of price spike opportunities to sell their holdings.

This recent whale transaction has fueled extensive speculation because it increases predictions about an upcoming XRP market shift.

Also, the whale transfer occurred strategically when crypto market prices appeared to be steeply rising.

Market analysis indicates that a price decline could be imminent, yet certain experts believe underlying strategies may exist.

The substantial transaction amount has started several discussions about Ripple’s upcoming directions.

XRP Whale Transfer Sparks Sell-Off Concerns

Blockchain monitoring platform Whale Alert recorded the movement of funds from the wallet rnVcQ…dT2Vq to the Coinbase exchange.

The market’s anxiety increases because exchange transfers usually indicate sale intentions. The $68.72 Million transaction acted as fuel that strengthened market concerns about selling activities.

xrp whales
Source: Whale Alert

XRP’s recent price growth is an excellent condition for whales to perform profit-taking operations that frequently trigger market volatility during short periods.

When XRP reached its peak level, the whale used the occasion to extract maximum gain before anticipated market fluctuations occurred.

The market shows caution regarding unexpected price drops that mirror such large transactions.

Heavy exchange deposits act as indicators for the future increase in selling pressure.

Periodic crashes following large transactions occur, though single transactions do not necessarily cause market downturns.

Nonetheless, history supports that large transactions signal market issues. The short-term stability of XRP may rely on additional major whale transactions.

XRP Price Holds Strong Despite Whale Transactions

The XRP technical analysis presented by TradingView shows positive signals for the market despite recent whale transactions.

Since its lengthy phase of stagnant trading, the XRP/USD pair maintained a holding value of $2.27.

A continued bullish outlook seems probable because external market forces continue to show restraint.

The Alligator indicator confirms that its jaw tooth and Lip lines show upward movement.

The simultaneous movement of these indicator lines indicates the potential start of sustainable trends when additional technical factors support this assessment.

A small group of traders keeps a positive outlook because their trading positions do not align with the skepticism created by whale market actions.

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

Technically, the Relative Strength Index (RSI) indicates 59.42, which reveals improving market strength without crossing into overbought territory.

Both technical indicators strengthen each other when they cross above zero, which points to future positive price movements.

Technical predictions may be overridden by sudden whale activities, which traders need to keep in mind.

XRP Derivatives Data Signals Growing Optimism

In derivatives markets, XRP’s Long/Short Ratio currently trends above 0.95, indicating more traders are favoring long positions.

These minor changes in ratio value support the widespread positive market outlook for XRP. The derivatives data prove that traders believe XRP will continue to rise in value.

XRP Long|Short Ratio
XRP Long|Short Ratio | Source: CoinGlass

The funding rate at Binance and Bybit refuses to dip below zero, which demonstrates substantial investor interest in buying XRP.

The bull market expands with rising spot prices and positive funding rates, which support continued market ascension.

Consequently, these metrics suggest underlying confidence in XRP despite headline risks caused by whale movements.

XRP Funding Rate History
XRP Funding Rate History Chart | Source: Coinglass

Additionally, broader market recovery efforts contribute to XRP’s recent price action, offering a supportive backdrop for further gains.

Derivative signals serve market participants as indicators for short-term price movements since they utilize derivatives during uncertain financial periods.

The strength of derivatives market conditions helps reduce negative perceptions from whale trading activity.

XRP Eyes Fresh Highs Amid Bullish Pattern

Crypto analyst Ali Martinez recently noted that XRP might be breaking out of an inverse head and shoulders pattern.

A technical analysis by the expert professional shows the price predictions extending from $2.70 to $2.90.

Therefore, if this pattern plays out entirely, XRP could soon hit fresh highs despite whale-related fears.

When patterns break, swift price movements, booming market sentiment, and heavy trading activity tend to occur.

Given current momentum indicators and derivatives positioning, XRP could maintain its uptrend toward the stated targets.

The ongoing whale transactions act as an unstable factor that threatens to alter or confirm this market projection.

Furthermore, broader macroeconomic developments and regulatory headlines may influence XRP’s trajectory in the coming days.

Bitcoin Miners Selling Hits Record Low Since 2024: What’s Next?

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Key Insights:

  • Bitcoin miner selling pressure drops to the lowest levels since Mid-2024.
  • Bitcoin’s hashrate shows signs of weakness after reaching an all-time high.
  • New Bitcoin whales are rapidly accumulating as the price continues to climb.

Bitcoin miners are seeing the lowest selling pressure since May 2024, while new Bitcoin whales are piling up. BTC’s hashrate also looks weak, but the current market cycle looks like the last one before the 2017 bull run.

Bitcoin Miner Selling Pressure Drops to Historic Lows

Data from Alpharactal shows that Bitcoin miners are recording the lowest selling pressure since mid-2024. The blue line, miner pressure, is heading towards the lower green band, meaning that Bitcoin sales by miners are decreasing.

In the past, low mining selling pressure mainly resulted in Bitcoin trading sideways or down. Rarely have there been positive reactions after low-selling periods.

Most happened in January 2022, August 2022, May 2023, and July 2024. In most other cases, Bitcoin entered consolidation phases or downtrends.

Bitcoin miners sell pressure
Bitcoin miners sell pressure | Source: Alphractal

Bitcoin price was relatively strong in January 2025, when the selling pressure was low. This implies that miners sold much of their Bitcoin early in 2025 when prices were more favorable.

The reduced selling activity could now ease the immediate supply pressures. However, upward movement cannot be guaranteed without new buying strength.

Hashrate Trends Raise Concerns About Mining Stability

Bitcoin’s hashrate surged to 1.2 billion terahashes per second (TH/s) in April 2025. According to Alphractal’s tracking, this milestone marks unprecedented network strength and security. After this peak, the hashrate dropped sharply but recently recovered slightly.

Bitcoin hashrate
Bitcoin hashrate | Source: Alphractal

Historically, April has been an essential month for Bitcoin mining and price behavior. Bitcoin local tops were recorded on April 14, 2021, and April 14, 2023. April 2025 was not a new price peak. However, the hashrate drop after it is similar to past weakening phases following network peaks.

A hashrate that is declining can mean that mining profitability is declining. As operational costs increase and rewards decrease, weaker miners will start selling Bitcoin to cover losses. The selling of this could increase supply and put pressure on the Bitcoin market.

New Bitcoin Whales Rapidly Accumulating

However, new data from Coinvo reveals that a new group of Bitcoin whales is growing fast. As Bitcoin’s price goes up, the balance held by new whales has been increasing sharply.

The Bitcoin balances chart shows that new whales (pink) are accumulating Bitcoin at the fastest rate in years. Old whales, shown in orange, have not been selling heavily but are holding firm.

Bitcoin balance: Old whales
Bitcoin balance: Old whales vs. New whales | Source: Coinvo

The increase in new whale balances indicates new money is entering the market. At a time when miner selling pressure is low, this inflow of new buyers could add to demand and liquidity.

Continued whale accumulation could stabilize the Bitcoin price structure in future phases. This trend may support sustained price growth if mining conditions remain tight and miners’ selling stays low.

Comparing Bitcoin’s 2017 and 2025 Bull Market Patterns

At the same time, technical analysts reveal that Bitcoin’s current market structure is a close match to the 2015–2017 cycle. In both cycles, Bitcoin took about 852 days to spend inside an upward trend channel before a major breakout.

Bitcoin climbed slowly from 2015 to 2017 for 852 days before entering a strong bull run that ended at the end of 2017. The 2023–2025 cycle is ongoing, and the setup is almost identical, leading to the expectation of a potential breakout later in 2025.

bitcoin usd
Source: X

Bitcoin could target $300,000 if the historical structure repeats, as the model shared by analyst Danny. His model also predicts that Bitcoin will follow the same long build-up before a breakout as in 2017.

However, in some ways, conditions today differ from those in 2017, with more regulatory pressures and macroeconomic shifts. These external factors could affect the speed and scale of Bitcoin’s next move.

Bitcoin Reserves On Exchanges Drop To Lowest Level Since 2018

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Key Insights:

  • Bitcoin reserves on centralized exchanges have fallen to 2.6 million, the lowest level since November 2018.
  • Public companies have acquired nearly 350,000 Bitcoin since the U.S. election, with accelerated purchases in 2025.
  • Fidelity reports that institutional demand is increasing, pushing more Bitcoin off exchanges and reducing available supply.

Bitcoin reserves on exchanges have plunged to their lowest point in over six years, signaling major structural changes.

As reserves continue to fall, institutional players are accelerating their purchases, adding fresh pressure to already tight supply.

The overall trend suggests growing accumulation while spot demand remains inconsistent.

Bitcoin Reserves Hit Six-Year Low

Bitcoin reserves on all centralized exchanges have dropped to 2.6 million, reaching their lowest level since November 2018.

The exchange reserves experienced their most severe drop since November 2018 because public companies have been withdrawing, while long-term holders lock their coins in offline storage.

The circulating supply of Bitcoin decreased because more than 425,000 Bitcoins units left exchanges starting in November 2024.

Since the U.S. election, public companies have received 350,000 Bitcoins through regular monthly purchases that exceeded 30,000 coins during 2025.

During this period, Bitcoin achieved its highest value point at $95,000, matching the market trend of increased BTC prices.

Higher market demand and limited supply availability cause the exchange data to exhibit extended periods of ownership from investors.

According to Fidelity Investments, institutional investors are showing increasing interest, which accelerates Bitcoin’s exit from exchange wallets.

Corporate Bitcoin purchases show firm conviction because this trading activity has depleted Bitcoin reserves available for retail transactions.

At the present rate, the market supply and liquidity are anticipated to face increasing pressure.

Whale Activity Drops as Retail Rises

Binance presents evidence of large purchasing activities following a limited price drop on its platform during April.

The exchange Binance received more than 15,000 Bitcoin from April 6 through April 10, indicating traders engaged in selling and extracting profits from the market.

Bitcoin prices remained at $85,000 to $87,000 throughout that specific financial period.

BTC Reserve Exchnage |
BTC Reserve Exchnage | Source: CryptoQuant

Bitcoin left Binance at a rate of 15,000 during the April 19-23 period, which caused the price to reach above $93,000.

The changing behavior indicates people store their coins in wallet custody rather than seeking market sales.

Reducing exchange balances through decreased supply normally leads to positive market price pressure.

The Exchange Whale Ratio decreased to less than 0.3 on April 23, showing that big investors participated less in purchasing activities.

The increasing retail investment contributes to more stable market momentum because it represents higher participant numbers.

Market resilience grows stronger whenever major entities cut their wallet operations while smaller wallets take over funds.

Bitcoin Buying Momentum Drops Sharply

The historical accumulation trend of long-term holders remains constant, but short-term purchasing demand has lost its purchasing speed over the recent weeks.

The active purchase of Bitcoin spot decreased by 146,000 coins over the last 30 days.

The falling numbers of 488000 indicate consumption hesitance after March’s lower figure, 311000.

Since October 2024, demand momentum has decreased by 642,000 Bitcoins relative to existing holder numbers.

The breakdown of new customer participation indicates wider market disengagement, which usually supports price stability during market upticks.

A lack of increased buying power makes the price likely to encounter strong resistance at its highest point.

The trading positions based on leverage were reduced between $82,000 and $88,000 to protect traders from overextension and short-term uncertainties.

The market gained stability after this liquidation, which produced stronger hands due to market price resets.

Above $92,000, the position of short sellers becomes exposed, while triggers of positive movement can lead to a swift price surge.

ETF Buying Weakens Market Breakout Chances

The US Spot Bitcoin ETF demonstrated reduced flow activity beginning in March 2023, as it only attracted a limited amount of investments during the last month.

The 2025 Bitcoin sales circus implemented by ETFs amounted to a total of 10,000 Bitcoin disposals, while they eagerly accumulated coins heavily during early 2024.

At this point, the amount of Bitcoin ETFs purchased last year reached 208,000.

ETF daily transaction activity has been between -5000 Bitcoin and +3000 Bitcoin, whereas during past bull runs it reached +8000 Bitcoin.

The weak continued purchasing behavior by ETFs reduces the probability of a strong market breakout.

Market participants require fresh signals of institutional buying strength to gain widespread belief on a grand scale.

The USDT market capitalization increased by $2.9 Billion over the last two months, indicating moderately positive liquidity conditions.

However, the current market capitalization levels do not reach the critical threshold of $5 Billion, which prompts sustained Bitcoin price surges.

Increased liquidity inflows seem necessary for developing a bullish market trend.

Bitcoin ETF Inflows Surge As Institutions Reenter The Market

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Key Insights:

  • Bitcoin ETFs added 11,898 BTC on April 23, marking the highest inflow since November 2024.
  • Institutional holdings exceed 900K BTC after accumulation during key global events.
  • Retail buyers show increased activity, with RSI for “First Buy” cohort peaking at 100.

Institutions and retail buyers are returning to the market, and Bitcoin ETFs are seeing renewed interest. On April 23, 11,898 BTC in ETF inflows were recorded, the highest level since November 2018.

However, retail activity is increasing, and exchange balances are still falling, which indicates changing trends.

Bitcoin ETF Inflows Reach Highest Since November

Glassnode data shows that on April 23, 2025, US spot Bitcoin exchange-traded funds (ETFs) saw a net inflow of 11,898 BTC. This is the largest single-day inflow since November 11, 2024, after months of relatively flat flows where institutions have been absent.

Bitcoin US spot ETF
Bitcoin US spot ETF net flows | Source: Glassnode

Bitcoin ETF flows have increased throughout the past five months, with many days of negative net movement. During this time, positive inflows above 10,000 BTC were rare.

The April 23 figure is significant as it implies institutional buyers are more confident and may be reallocated into crypto assets. Inflows are represented by green bars and outflows by red bars. The black line tracks Bitcoin’s price in USD.

Red bars dominated during March and early April, many days reaching outflows of 2,000 to 8,000 BTC. However, the green bar for April 23 shows a sudden shift in sentiment.

ETF Holdings Increase Around Key Events

CryptoRank also provides another dataset on the ETF holdings by top providers. This includes Grayscale, BlackRock, Fidelity, 21Shares, and Bitwise since early 2024.

Their combined holdings surged by over 400,000 BTC in two major phases. This increase followed the ETF approvals and the U.S. presidential election in November 2024.

Bitcoin accumulation by ETF
Bitcoin accumulation by ETFs tied to global milestones| Source: Cryptorank

From April to October 2024, total holdings surged by 200,000 BTC. Following the election results, an additional 200,000 BTC was accumulated.

The data also shows that institutions increase their positions after significant geopolitical events. Public firms have significantly increased their Bitcoin holdings, exceeding 900,000 BTC as of April 2025. This accumulation trend continues, reflecting strong institutional interest in BTC.

The behaviour is that institutions react to significant events but are wary in between. Recent inflows may have surged due to rising expectations of policy changes. These include possible interest rate adjustments and expanded ETF access in other countries.

Exchange Netflows Continue Falling

Demand for ETFs is rising, but exchange data shows a severe drop in BTC balances on centralized platforms. The Glassnode chart below shows netflows across exchanges such as Binance and Coinbase. By early 2025, the cumulative exchange netflow fell below -$20 billion.

Bitcoin exchange netflow
Bitcoin exchange netflow | Source: Glassnode

This drop indicates that users take their coins off exchanges, typically into cold storage or ETFs. Almost all major platforms saw a negative netflow trend from late 2023 to early 2025.

A new category, “Cumulative US Spot ETF Netflow,” shows a rising trend. This means that ETF growth makes up for exchange outflows.

The movements here are opposing and suggest a shift in investors’ preferences. More investors are leaning towards holding strategies for the long term, perhaps through regulated ETF products, rather than holding on exchanges.

Retail Buyers Show Renewed Activity

On the other hand, the RSI chart for supply cohorts shows that newer retail participants have been powerful in April. The RSI of the “First Buy” category has stayed above the 50 level for the whole month, hitting 100 last week.

BTC RSI of cumulative
BTC RSI of cumulative supply per cohort | Source: Glassnode

This metric indicates the level of activity of various BTC holder groups. If RSI is high, it means that the buying behavior is strong.

New buyers were not the only ones who engaged at high levels in April; conviction and momentum buyers also did. It was even when the Bitcoin price was below recent highs.

Despite prices being near $90,000, the sustained buying activity from these groups suggests that retail investors are becoming more confident. Many of these participants are returning to the market for the first time or after having exited earlier.

Bitcoin Faces Resistance At 94K As Pullback To 89K Seems Likely

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Key Insights:

  • Bitcoin remains in a strong uptrend but is currently facing resistance near the $94,000 level.
  • The price of Bitcoin fell slightly to $93,311 on April 24, reflecting a 0.46 percent daily drop.
  • Analysts predict a short-term correction that could push Bitcoin toward the $89,000 to $90,000 support range.

Bitcoin (BTC) remained in a strong uptrend but paused below a key resistance near $94,000. The market price rose by 1.93% to $94,546.46 during the day on April 25.

Market analysts expect a short-term correction before a new uptrend pattern emerges.

Yesterday, the price momentum slowed down during the rally as it neared the $94,000 resistance barrier. Multiple short-term indicators point to an impending price-drop which will move Bitcoin toward the $89,000 to $90,000 range.

The market movement presents a window for participants to assemble their positions ahead of a future increase.

Nevertheless, the present market slowdown failed to limit the evidence demonstrating market strength in the asset.

Many indicators in the cryptocurrency space confirm a positive long-term prospective for Bitcoin, and its valuation continues upward.

The asset faces new resistance during its current upward trend which hinders its continuous ascension.

Bitcoin Faces Strong Resistance Near 94K

Bitcoin showed signs of cooling off after reaching a local high near $94,000 earlier this week. The price experienced minor retracement during the initial Thursday trade session, when it stabilized close to $93,311.

Multiple price rejections had confirmed $94,000 to $95,000 as a notable resistance area when Bitcoin attempted to cross this zone.

Technical analysts pointed to this area as a likely barrier before Bitcoin could extend higher.

Analyst reports show that Bitcoin should fall back to the $89,000–$90,000 price level that functions as support.

The support zone between $89,000 to $90,000 will potentially become the foundation for more price increases throughout the coming sessions.

Further support exists at $83,000-$85,000 that would serve as a backup in case the first support fails to hold.

Bitcoin Holds Steady Above Key Support Level

Market participants continue to monitor Bitcoin’s behavior around the $89,000–$90,000 zone as it acts as key support. Analysts have deemed this price region as a potential trigger point for investors to return to the market. The support level stands out due to increased importance when market prices attempt to reach this resistance area.

If Bitcoin breaks below this initial support, further declines could lead to a retest of the $83,000–$85,000 range. The lower zone functions as a more resilient barrier which can control price fluctuations. A growing number of investors consider these price drops as areas where buying activity rebounds

Price movements over recent sessions show Bitcoin respecting previous resistance levels, which now appear to be acting as new support. The market signals maintenance of bullish force despite its current momentum reduction. The price finds steady backing from buyers who maintain their buying stance at these levels.

Uptrend Holds But Resistance Slows Gains

The overbought indicator of Relative Strength Index (RSI) shows 66.58, but still indicates potential short-term exhaustion of the market.

The MACD indicator maintains its upward trend because the MACD line maintains a sizable distance from its signal lines. The histogram continues showing positive values that confirm active momentum.

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

The Klinger Oscillator demonstrated a positive crossover because its main line outperformed the signal line.

Both positive and negative signals indicate market stabilization instead of a major price change. Present strength persists, yet signs of extreme bullishness might limit the immediate market rise.

The daily price movements maintain the upward trend by generating successive higher high and higher low patterns.

The present resistance levels show signs of constraining additional gains until a fresh upward force regains strength.

The market shows signs of going downwards rapidly as these circumstances develop.

Bitcoin Exchange Outflows Signal Strong Accumulation

The CoinGlass data highlighted continuous exchange withdrawals in April, which market experts interpret as accumulation behavior.

Evaluations from exchanges generated a significant $1 Billion withdrawal in March, as the recent price uptrend started just after that month.

The market supply becomes smaller when funds keep leaving the system, which leads to a tendency for price to rise.

BTC Spot
BTC Spot Inflow/Outflow | Source: CoinGlass

Exchange outflows continue to dominate over all other movements, with brief intervals of increased inflow activity.

The market demonstrates its expectation to hold assets throughout long periods. The reduction of exchange-held cryptocurrencies minimizes the selling force.

Such netflows suggest Bitcoin’s bullish trend remains structurally intact, even as short-term corrections emerge.

The movement of funds to private wallets matches up with industry-wide trends of reduced market liquidity.

The current configuration indicates that growth will resume after the market decline.

Chainlink Whales Buy $36M In LINK, Fueling Hopes For Price Rally

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Key Insights:

  • Chainlink whales accumulated over $36 Million of LINK in the past week from Binance.
  • A total of 2.52 million LINK coins were moved into at least 15 new large wallets.
  • LINK price increased by nearly 13% during the same period before falling 4% intraday.

Large-scale Chainlink holders have recently acquired over $36 Million worth of LINK, boosting market sentiment.

The spike in activity coincided with a noticeable price uptick and increasing trading volume.

While the broader market shows signs of instability, LINK’s whale-driven momentum has brought renewed focus on the altcoin’s trajectory.

Chainlink Whales Drive Accumulation Wave

This past week, 2.52 million LINK coins, worth about $36.43 Million, moved from Binance into new large wallets.

According to blockchain tracker Lookonchain, at least 15 previously unused wallets participated in the LINK coin collection. These transfers occurred steadily, contributing to intensified LINK buying pressure.

Chainlink’s price has risen nearly 13% over the last seven days, aligning with the whale accumulation surge.

The investment activities by these large-scale wallet owners signal their growing trust in LINK despite general market instabilities.

The continuous purchases demonstrate rising market acceptance of LINK prices at their current values.

Whale activity typically leads to shifts in market sentiment, and LINK has now become a prime candidate for short-term upside.

The surge in demand for buying has caused traders to anticipate outstanding market performance in the future.

However, intraday volatility has tempered enthusiasm slightly, with LINK slipping 4% to $14.20.

LINK Pulls Back Amid Market Volatility

Despite whale activity, LINK saw a pullback from $15.23 to $14.20 in the past 24 hours. The market volatility caused a 2% decrease in Bitcoin, leading to a $91,000 settlement price.

Most prominent cryptocurrencies reacted to this trend by demonstrating wider cautious behaviors in the market.

LINK’s brief rally failed to hold due to market-wide corrections impacting all digital assets.

As the sentiment weakened, short-term traders began to secure profits, causing a drop in LINK’s momentum, even with positive accumulation data.

LINK’s fundamentals remain strong, and many expect the token to recover quickly. Long-term commitment to an investment overrides market speculations in high-level purchasing behavior.

The market is transitioning towards conditions that may significantly change prices during upcoming market sessions.

Market Experts Expect LINK Price Rise

Market analyst Michaël van de Poppe maintains a bullish forecast on LINK despite recent intraday losses.

He believes utility and DeFi-focused coins, like Chainlink, could outperform in the next crypto cycle. His assessment reveals the token’s solid core components and practical implementation trends.

https://twitter.com/CryptoMichNL/status/1915038701631008771

The Chainlink team continues forming partnerships across the U.S. to strengthen its data-sharing network.

These strategic partnerships aim to develop both the project’s short-term success and long-term adoption.

Professional analysts predict that the token price will eventually match its current development advancements.

Positive momentum also stems from Chainlink’s increased relevance in decentralized finance and smart contract solutions.

The ongoing project developments point toward a sustainable upward movement. With improved infrastructure and growing integrations, LINK may soon revisit previous highs.

Short Positions Rise as LINK Dips

LINK’s long/short ratio has fluctuated significantly over the past five days, reflecting changing trader sentiment.

Between April 22 and 23, the long ratio reached above 1.10, yet it fell beneath 0.90 on April 24. Changes in price evolution demonstrate the impact of short-term market betting activities.

LINK Long-Short
LINK Long-Short Ratio Chart | Source: CoinGlass

Short and long position trades exchanged rapidly based on daily market price fluctuations during this period.

The combination of uncertain conduct brought about heightened market volatility. If this disrupts the market’s current pattern, it could achieve better clarity throughout the following days.

On April 24, the long/short ratio declined to 0.85, which indicated intensifying short positions during an overall market decline.

However, this decline may be temporary if LINK resumes upward movement. The market suggests an upcoming bull market by whale buy actions complementing positive business indicators.

XRP Price Could Hit $27 As Analysts See Echoes Of 2017 Rally

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Key Insights:

  • XRP price shows signs of a major rally that could push it toward the $27 mark.
  • Analyst EGRAG CRYPTO believes XRP is completing Wave 3 in an Elliott Wave pattern similar to the 2017 rally.
  • He projects a short-term surge followed by a longer-term peak, potentially reaching $120 in the next cycle.

XRP price is attracting attention again as analysts forecast a significant surge, citing similarities with the 2017 market cycle.

Analysts like EGRAG CRYPTO and Ali Martinez identify strong technical indicators pointing to a potential long-term rally.

The cryptocurrency shows strong support levels, growing market activity, and bullish chart patterns.

XRP Could be Repeating Historical Patterns, Says EGRAG CRYPTO

EGRAG CRYPTO demonstrates a technical analysis that reveals how XRP could experience its 2017 bullish pattern again.

His latest chart shows XRP price progressing through an Elliott Wave pattern and nearing the completion of Wave 3.

If the pattern follows its past course, the XRP price could advance sharply toward $27 in the short term.

https://twitter.com/egragcrypto/status/1915342648795173129

This forecast relies on past market reactions and present market relations aligning with 2017 price surges.

EGRAG CRYPTO predicts that the current Wave 4 price correction will happen gradually throughout multiple years. However, he believes the following bullish phase could push the XRP price to around $120.

https://twitter.com/egragcrypto/status/1915317355896361209

In his technical breakdown, he highlights the importance of the 21-day Exponential Moving Average and states that the XRP price must remain above the key support levels between $1.95 and $2.10.

These key figures revealed technical and psychological barriers to maintaining upward movement in market trends.

Bullish Chart Patterns Support Short-Term XRP Growth

Ali Martinez studied XRP price charts to find a classic inverse head-and-shoulders pattern in recent timeframes.

According to Martinez, the bullish formation has been appearing on the hourly timeframe since March 29.

He believes that breaking the neckline resistance at $2.40 could lead the XRP price toward the $2.70 range.

https://twitter.com/ali_charts/status/1914890724480573684

As of the latest trading update, the XRP price is at $2.2062, showing a minor drop of 0.56% in 24 hours.

According to Martinez, the technical data indicates that prices may rise despite the minor price decline.

XRP maintains its attempts at breaking through resistance lines and would see an increase in power if it breaks the current price mark.

The Parabolic SAR dots shift their position below $1.8790, while doing so, they strengthen price prediction in a bullish direction.

The new position of these Parabolic SAR points demonstrates that selling activity is decreasing, which may lead to an upcoming price trend shift that helps buyers.

Additionally, the sign of increasing upward momentum comes from the MACD histogram, displaying a green color with a value of 0.0292.

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

XRP Outperforms as Ethereum and Bitcoin Show Weakness

XRP price gains have coincided with weakening performance from other major cryptocurrencies like Ethereum and Bitcoin.

CoinShares found that XRP-related investment products received $37.7 Million of capital during the past week.

Total XRP inflows this year amount to $214 Million as the cryptocurrency becomes the next leading choice after Ethereum.

The cryptocurrency market showed Ethereum producing $26.7 Million in outflows during the same period, while Bitcoin lost $6 Million.

The increased amount of capital moving into XRP indicates growing investor interest, possibly caused by legal developments and network utilization growth.

XRP might outgrow Ethereum, according to John Deaton, who acts as legal counsel for XRP owners within the SEC lawsuit.

The market demonstrates growing interest in XRP when major cryptocurrencies struggle to move or decline in value.

XRP price remains above critical support levels, signaling strength and stability. Market conditions demonstrated balanced prospects as the Relative Strength Index reached 55.01, reflecting a bullish trend.

XRP demonstrates positive technical indicators since the MACD generated an early buy signal, and RSI indicates market stability.

The convergence of technical indicators with rising capital flow and market sentiment support demonstrates a strong market expansion outlook.

While short-term fluctuations are possible, the broader outlook suggests XRP price may be poised for further gains.

Charles Hoskinson Warns Ethereum May Collapse Like BlackBerry

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Key Insights:

  • Charles Hoskinson believes Ethereum may not survive beyond the next 10 to 15 years due to major structural flaws.
  • He compared Ethereum’s possible decline to the downfall of BlackBerry and Myspace.
  • Ethereum’s base layer activity and key network metrics have dropped to multi-year lows.

Charles Hoskinson, the founder of Cardano and co-creator of Ethereum, has raised concerns about Ethereum’s long-term sustainability.

According to him, the platform faces death within the following decade because of serious technical and structural problems.

The crypto community should heed the strong warning that comes from comparing the future of Ethereum to BlackBerry and Myspace.

Ethereum’s foundation operation has diminished as several essential utilization indicators hit low levels over the past few years.

The fee structure continues to weaken because users and projects choose to work with Layer 2 solutions instead.

This positions Ethereum’s former leadership stance before multiple strong competitors.

Hoskinson identified the main threats as Ethereum’s obsolete infrastructure design, a rising collection of Layer 2 protocols, and insufficient built-in governance mechanisms.

According to Hoskinson, the protocol’s vulnerabilities would prevent it from sustaining performance and unity.

The Ethereum network experiences increasing competition from Solana, Bitcoin DeFi, and other developing systems.

Charles Hoskinson Highlights Ethereum Design Flaws

Charles Hoskinson stated that Ethereum’s current design limits its ability to adapt to future demands and maintain long-term scalability.

During his presentation, he focused on three major weaknesses in Ethereum, including its accounting model, virtual machine, and consensus mechanism.

The present constraints within the protocol might stop it from reaching mass-scale, sustainable adoption.

According to him, Ethereum’s Proof-of-Stake consensus method operates poorly for long-term stability and resilience.

The system functions, but its current deployment cannot effectively adapt to future network needs.

Competing systems build their design platforms with dynamic capabilities, which produce adaptable structures.

At the same time, Hoskinson criticized Ethereum because its governance system proved ineffective at resolving organizational disputes.

The system lacks standardized governance protocols that restrict community-endorsed updates and collective decision-making.

Long-term operations without proper efficiency lead to fragmentation and strategic stagnation.

Ethereum Base Layer Faces Declining Activity

According to Hoskinson’s analysis of Layer 2 scaling solutions, Ethereum’s core outcome may deteriorate.

The original base layer network loses its essential operational role as developers and users move toward using rollups and sidechains.

Because of this development, Ethereum has already experienced decreased transaction fees and weakened native token behavior.

The goal of Layer 2 solutions is to improve transaction throughput in multiple network environments that operate with different standards.

The separation of Ethereum into different sections weakens its interoperability capabilities while weakening its unified essence.

Because of this development, the growth and compatibility challenges across the broader network become more difficult.

Base-layer activity declines, making ETH less valuable and helpful to users. Ethereum transaction fees decrease directly proportional to the lack of demand for block space, thus decreasing ETH’s deflationary potential. Major participants have moved to systems with lower costs and scalable solutions.

Solana Growth Challenges Ethereum Market Position

The rise of Solana in the market occurs through its combination of rapid transaction processing and superior throughput performance.

Through its modern architectural design, Solana provides reduced expenses and improved user interactions that attract developers and users to its system.

Market forces are moving in this direction as Solana attracts more users.

The development of Layer 2 Bitcoin protocols led to Bitcoin DeFi’s emergence as a significant alternative.

These decentralization-friendly systems provide blockchain-based financial capabilities that solve problems of complexity and technical restrictions in the Ethereum system.

The evaluated reliability and future longevity of these emerging crypto environments cause users to engage with them.

According to on-chain data, major investors have directed their capital toward Solana during current activity periods.

Galaxy Digital and Paradigm companies transferred parts of their ETH holdings into different investment platforms.

Technical resources move away from Ethereum networks to support more efficient cryptocurrency systems through these strategic decisions.

The decreasing usage of the on-chain Ethereum network has led to decreased user activity and dwindling network fee levels.

The ETH token no longer generates deflation, which used to attract long-term holders but has now been eliminated.

Although developers introduced multiple protocol improvements, the usage numbers have decreased.

Recent fund outflows indicate changing preferences among market participants looking for platforms with better performance.

On-chain data shows assets moving from Ethereum to other chains with growing momentum.

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

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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?

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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

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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

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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.