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PEPE Drops 2.25% As Tornado Cash-Linked Wallets Scoop $4.2M In Tokens

Jackson Kelley
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0
PEPE Drops 2.25% As Tornado Cash-Linked Wallets Scoop $4.2M In Tokens

Key Insights:

  • PEPE fell 2.25% to $0.000007142 as $4.28M is bought by wallets linked to Tornado Cash.
  • Analyst Chandler targeted $0.0000014 as the key 0.382 Fibonacci retracement level.
  • Price formed the double on the 4h chart while RSI shows neutral momentum.

In the last 24 hours, PEPE rose by 0.77%, with its price trading at $0.000007219.

The company’s market capitalization is $3 Billion, also down by the same margin.

However, the daily trading volume is up 2.53% to $501.2 Million.

The price movement comes as attention turns to unusual buying activity from wallets associated with Ethereum withdrawn via Tornado Cash.

Blockchain analytics firm Lookonchain, reported that in the last eight hours, five wallets spent $4.28 Million to buy 611 billion PEPE.

About 15 days ago, these wallets withdrew ETH from Tornado Cash.

Speculation has arisen as to whether the buyers of these funds were involved in past exploit activity, due to the timing and source of these funds.

Unusual Wallet Activity Raises Eyebrows

The five wallets have raised new questions about possible market behavior driven by non-transparent actors.

Because Tornado Cash is used to anonymise crypto movements, links to such platforms can be closely monitored.

In recent hours, these wallets have withdrawn ETH before accumulating large PEPE positions.

These transactions have raised speculation about whether these wallets are associated with hacking events due to the timing of these transactions.

But there is no direct confirmation of this. It seems that the purchase was made at a time when the broader market is weak.

This activity may have played a part in the recent uptick in trading volume.

However, the price is down, which might mean that buying interest is not strong enough to push PEPE higher, at least for now.

Short-Term Patterns Suggest a 25% Rally

The short-term chart patterns indicate that PEPE is currently trading at a critical level.

Analysis of the 4-hour chart shows a double bottom formation around $0.000005500 to $0.00005700.

This is a bullish reversal setup that needs a break above resistance to confirm.

PEPEUSD 4h-chart
PEPEUSD 4h-chart | Source: TradingView

Resistance sits around $0.000007624. If it does break out successfully above this, it could go towards the $0.000009067 mark, which is about 25% higher.

The target for this target is the half-range height of the double bottom pattern plus the neckline breakout zone.

Meanwhile, the chart shows neutral momentum as the Relative Strength Index (RSI) is near 50.

That implies that price can go in either direction, depending on volume and broader market sentiment.

Technical Analysis Points to Mid-Range Fibonacci Targets

Furthermore, according to analyst Chandler, PEPE is looking at the 0.382 Fibonacci retracement level on a separate chart.

It is set at around $0.0000014. The Fibonacci retracement tool is used to find possible price reaction zones during market corrections or rallies.

Pepe Fibonacci retracement
Pepe Fibonacci retracement analysis | Source: X

This implies that traders are taking a look at the mid-level resistance following the recent pullback from early 2025 highs.

The chart has a history of moving quickly once certain resistance levels are cleared, and the current price is still a long way below the peak.

Furthermore, PEPE has bounced from similar setups in 2023 and early 2024 historically.

Trading volume is slightly up, but not yet at the levels seen in stronger rallies.

Inflow and Outflow Trends Suggest Continued Selling Pressure

Conversely, according to CoinGlass on-chain data, PEPE experienced consistent net outflows over the past few weeks. Red bars on the chart show outflows.

The red dominance indicates that more tokens are being taken out of exchanges and possibly into wallets.

PEPE spot inflow/outflow
PEPE spot inflow/outflow | Source: CoinGlass

Even with the net outflows, PEPE’s price has been trending lower since January.

This could suggest that the outflows are not from accumulation but from holders exiting to private wallets to sell at some later time.

Overall market weakness has been followed by a steady downward path of the yellow price line.

A recovery in price might take stronger inflows or the demand at support levels.

Volatility is likely to stay until then, and with the presence of big, unidentified buyers in the market.

China Plans To Dump 15K BTC: Will Bitcoin Crash Below $80K?

Maxwell Mutuma
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0
China Plans To Dump 15K BTC: Will Bitcoin Crash Below $80K?

Key Insights:

  • China’s local governments plan to sell 15,000 seized Bitcoins, worth around $1.2 billion, to address regional budget shortfalls.
  • The move could increase market supply and place strong downward pressure on Bitcoin, potentially pushing its price below $80,000.
  • Bitcoin is trading near $83,000 after a recent 2 percent drop, reflecting early market reaction to the news.

China’s local governments are preparing to sell 15,000 seized Bitcoins, creating intense pressure on the global cryptocurrency market. The plan could push Bitcoin below the $80,000 mark amid concerns over increased market supply and legal uncertainty.

Source: X
Source: X

This development follows recent economic strain and growing debates over digital asset handling in the country.

Bitcoin Faces Pressure as China Moves to Offload 15,000 BTC

Local governments in China seek to liquidate extensive Bitcoin holdings collected from previous crackdowns on illegal crypto activities. Assets amounting to $1.2 billion were confiscated following China’s nationwide crypto trading prohibition during 2021.

The authorities want to transfer these Bitcoin holdings to private companies, which will utilize offshore trading platforms for their sale. This swift action seeks to supply regional governments with funds to fund operational deficits in multiple provinces.

However, the decision comes when the Bitcoin price already shows signs of weakening. The asset’s trading price settled at $83,000 and experienced a 2% decrease throughout a single day.

The anticipated mass sale has intensified fears of downward pressure on the Bitcoin market. The circulation of 15,000 BTC may exceed the available market demand. Market participants react to expected effects while international events and economic doubts mount.

China Faces Uncertainty Over Crypto Seizures

China lacks a clear national policy on handling seized digital currencies, leading to inconsistencies among local authorities. The judicial system intervenes with sales decisions because governments contract private entities to perform decentralization processes.

This management method creates legal ambiguities because China maintains strict crypto prohibition policies. The academic leader at Zhongnan University, Chen Shi, strongly disapproved of implementing offshore corporations to circumvent domestic limitations.

Several legal specialists advocate for creating a national crypto reserve operation, which parallels the systems currently discussed by the US. These experts maintain that an official digital asset reserve would provide better management capabilities and enhanced stability.

Winston Ma from NYU Law supports a centralized approach to cryptocurrency regulation. He believes it ensures greater transparency and offers significant national benefits.

Existing practices will remain ambiguous without a regulatory framework, damaging reputations and potentially disrupting markets. Calls for legal reform are growing as China’s digital asset stockpile gains value.

Bitcoin Drops Amid China Sales Fears

Bitcoin’s recent price drop reflects broader unease over China’s upcoming sales and macroeconomic headwinds, including trade tensions. The Bitcoin market saw a decline as the price fell to $83,000. Analysts predict it may drop to $80,000, driven by worsening market sentiment.

Multiple digital assets slid after the market registered its general reaction to these news events. The announcement follows rising friction between China and the U.S., including new tariffs imposed by the Trump administration.

The market sentiment deteriorated following these events. This caused crypto prices to drop and the market to experience long-term price volatility. Current market performance suffers from multiple economic factors and federal policy implementations.

Meanwhile, renewed optimism emerged briefly when Strategy announced a new round of Bitcoin purchases, providing upward momentum. Any future market gains become uncertain if Chinese authorities do not delay their ongoing Bitcoin plan.

The sustained recovery depends on judicial interference or other national policy changes that may guide the current plan.

Bitcoin Rejected at $86K: Is A Crash To $65K Now On The Table?

Jackson Kelley
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0
Bitcoin Rejected at $86K: Is A Crash To $65K Now On The Table?

Key Insights:

  • Bitcoin experienced a sharp rejection at $86,496, triggering a 3.35 percent drop in price.
  • The price declined to $83,369 as traders took profits and short sellers capitalized on resistance levels.
  • Market momentum slowed further, with a 0.64% dip during Asian and European sessions.

Bitcoin faced a sharp rejection at $86,496, triggering a 3.35% drop and pushing the price toward $83,369. This decline comes as traders took profits, and short sellers acted at a critical price resistance level.

The next key level to watch is the $80,000 mark as price pressure increases. This could define the short-term trend.

Bitcoin Drops 3.35% After Rejection at $86K

Bitcoin failed to hold above the $86,000 mark, sparking a decline of more than 3% from its recent high. Bitcoin experienced its initial downtrend during U.S. market hours. The decline later slowed down during Asian and European trading sessions.

Today’s market performance demonstrated a reduced downfall of 0.64% as Bitcoin maintained a price position at $83,369. BTC’s recent high at $86,496 was a major technical obstacle when traders started dumping assets strongly while initiating short contracts.

Technical traders used this resistance level as their chance to close profits from their long positions before additional market declines. The upward trend has lost power because BTC has settled under its short-term moving average indicators.

The inability of BTC to surpass $84,000 indicates doubtful market psychology. Investors lack sufficient trust in the market’s direction. Market participants are focused on the $80,000 support level.

It needs to hold for the current market movement to sustain itself. Market-wide price adjustments could occur after a drop below this specific price point.

On-Chain Metrics Signal Potential for Deeper Correction

According to on-chain data, BTC supply continues to outpace demand, pointing to a possible top in the current cycle. CryptoQuant’s founder provided a supply-demand chart demonstrating accurate past market cycle predictions.

It also highlighted bearish behavior in the current market conditions. When demand stays weak, prices may decline further into different support levels.

Bitcoin Price vs. 365-Day MA
Bitcoin Price vs. 365-Day MA (2013-2025) | Source: CryptoQuant

The bearish outlook supports Santiment’s Network Realized Profit and Loss (NPL) data. This indicated investors had captured profits since early December.

The historical analysis demonstrated that this metric creates peaks right before market tops, together with weakening momentum during price surges.

The market showed no contrary movement from its December 5 peak as NPL returned to a neutral position. This indicated that profit-taking forces faded without causing an inversion.

BTC NPL
BTC NPL | Source: Santiment

Negative NPL readings emerged after significant market increases during previous bear and bull cycles. This occurred when investors sold their holdings at heavily discounted prices.

The 2021 figures for NPL reached their yearly high of $18.63 billion. After that, it fell into a—$1.83 billion deficit, establishing the year’s low. Current data indicate that BTC may need to see another deep drop in NPL before a strong rebound begins.

Traders Target $65K as Key Support Zones Reappear

Several well-known traders now expect Bitcoin to revisit lower levels between $70,000 and $60,000 before any sustained recovery. The short position highlighted on social platform X targets $65,000 in price action.

It provides evidence using bearish graphics and momentum trading features. These setups rely on BTC failing to hold the $80K support in the coming sessions.

BTC Key Price Levels
BTC Key Price Levels | Source: TradingView

Analysts identify key price areas for present-day consolidation between $80K and $86K. On a long-term basis, price zones around $70K to $60K, established in 2024, are also significant.

The failure against the upper consolidation band establishes resistance, which makes traders believe the critical support will be $80,000. If this level breaks, BTC could quickly fall back to test historical demand zones.

Analyst Warns Of $65 Target As Solana Breaks Crucial Zone

Josh Alba
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0
Analyst Warns Of $65 Target As Solana Breaks Crucial Zone

Key Insights:

  • Solana dropped nearly 5 percent before rebounding to $132.60, testing key support around the 20-day EMA.
  • A bearish right-angled ascending broadening pattern has formed, with a potential downside target of $65 based on technical analysis.
  • Despite the breakdown, Solana gained 5.16% on April 16, signaling short-term buying strength and renewed interest.

Solana price recently slipped, challenging a key technical level and signaling potential downside risks. SOL managed a modest rebound after trading below the 20-day EMA.

However, analysts have pointed to troubling patterns. Despite signs of short-term buying pressure, bearish indicators and technical breakdowns raise concerns about its next move.

Solana Faces Bearish Breakdown as Analyst Signals $65 Target

Solana declined nearly 5% within 24 hours, dropping to $123.72 before rebounding to close at $132.60. This volatility placed SOL at a pivotal support level, the 20-day EMA, around $123.90.

The support level was an essential indicator for potential downtrend initiation after a clear price drop below it. A bearish pattern known as a right-angled ascending broadening formation can now be observed through technical charts.

The price chart showed that a decrease would occur after breaking the lower trendline while trading near the $127 area.

solana price
Source: X

Analysts who apply pattern analysis believe that SOL should drop to $65 after breaking down by $95 from its initial level. The pattern project calculation uses the width measurement of the pattern, which ranges between $165 and $260.

The analyst’s warning aligns with the observed $95 difference. This discrepancy stems from the breakdown point at $130. The $65 price point has developed into a prospective long-term bearish objective.

Solana Price Climbs Despite Bearish Setup

Despite the bearish setup, Solana recorded a 5.16% gain on April 16, closing at $132.60. Market interest increased during that day. This caused the price to achieve an intraday high of $133.91 while starting at $126.10.

Price surged immediately after reaching its low point at $123.46 while dealing with rising market volume. Momentum indicators revealed a positive trend for the short term because RSI and MACD show rising metrics.

Improved momentum became evident as the RSI reached 54.43, exceeding its typical value of 44.19. Market conditions allow further price growth since the momentum indicators stay below their overbought points.

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

The MACD lines displayed positive values as they crossed the signal lines at -1.47 and -4.14 during each observation. A histogram reading of 2.68 suggests a growing trend in market buying power.

This reflected an increase in market momentum. The Klinger Oscillator reading showed 114.16K points above the signal line positioned at 46.96K.

Solana Faces Resistance Near $144 Level

Janover, a real estate financing firm, added $10.5 million to Solana’s holdings. This purchase raised its total to 163,651.7 SOL, with a total value of nearly $21.2 million.

Public statements from the company indicate considerable stakeholder engagement. They will preserve the tokens based on their long-term business plan. On-chain data from Glassnode reveals that over 32 million SOLs are held, costing around $129.79.

Major holders have concentrated their accumulation at this level, which gives this support strong potential. Another 18 million SOLs were acquired at $117.99, forming a secondary support zone.

sol usd
Source: X

The historical pattern of buying activity suggests resistance has formed near $144 simultaneously, with support standing at $117.

The existing trading zone spans $129 to $12,9, with $129 establishing itself as the central mark. SOL may remain bound within this zone unless a clear breakout occurs in either direction.

Solana NFT Trading Returns in Beta

Solana gained exposure as OpenSea resumed limited token trading support for the blockchain. This new functionality is accessible to specific users, while the vendor plans to add more users progressively.

The combined system will promote improved visibility and increased market liquidity throughout the NFT marketplace.

Market sentiment could shift as OpenSea plans to reintroduce Solana-based NFTs. Implementing this change can potentially attract additional users, driving more participation across the network.

However, the present beta phase prevents immediate business outcomes. The ongoing development initiatives and adoption strategies fail to eliminate technical indicators that influence short-term market dynamics.

The market momentum has changed direction briefly, while descending risks persist after the latest price breakdown. Current market trends indicate traders will use $117 and $129 as their primary reference points for determining short-term price movements.

Altcoin Rally Loading? Stablecoin Inflows Signal Market Shift

Anuj Bhor
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0
Altcoin Rally Loading? Stablecoin Inflows Signal Market Shift

Key Insights:

  • Stablecoin inflows continue to rise, signaling growing strength in the digital asset market and setting the stage for potential Altcoin movement.
  • USDC deposits surged on Solana, pushing its total value locked to $8.57 billion and strengthening its role in altcoin development.
  • Tron recorded $824.5 million in USDT inflows within one week. This reinforces its position in emerging markets and supports Altcoin ecosystem growth.

The stablecoin market has recorded consistent inflows, pointing to growing momentum across the broader digital asset sector. Matrixport data showed that stablecoin deposits are increasing despite volatility in traditional financial systems.

steady stablecoin
Source: X

This development signals a potential shift as the crypto market shows signs of maturing and gaining independence.

USDC Gains Momentum with Solana as Primary Beneficiary

USDC has recorded strong growth recently, with Solana emerging as a key network driving stablecoin adoption. In December 2024, Solana processed over $1 billion worth of USDC deposits while witnessing substantial network growth.

Solana recorded a significant growth in total value locked (TVL). It reached $8.57 billion in January 2025 through the new inflow.

The surge reflects growing confidence in the network’s low fees and speed, especially for stablecoin-based applications. The performance upgrades at Solana established faster transaction times, driving users from other slow blockchains into the platform.

Solana has earned a favorable status within the developer and financial application market. Improving regulatory standards directs more on-chain operations toward efficient, compliant platforms.

USDC transactions on Solana’s chain have substantially increased because of its focus on industry trends. Users opt for Solana because it provides an environment suitable for transactions and long-term usage through the growing deposit activity.

USDT Sees Uptick with Tron Leading Emerging Market Activity

USDT inflows grew sharply in February 2025, with Tron receiving weekly $824.5 million in stablecoin reserves. The Tron network leads through its market dominance across new economies, where its USDT transaction volumes remain very high.

The network stands out because of its low fees and dependable performance. It is suitable for commercial activities and remittance transactions.

Tron’s payment infrastructure developments continue to grow in Latin America, Africa, and Southeast Asia. The instability of local currency in these areas makes USDT a trustworthy alternative for conducting regular transactions.

Financial access has become possible through the network in locations lacking standard banking institutions. This trend has elevated Tron’s position in the stablecoin ecosystem, boosting its relevance for real-world use cases.

The adoption of USDT through financial platforms created an additional path for global users to be attracted to it. Tron blockchain depends heavily on USDT since it is its pivotal token for all blockchain activities that generate traffic and usage statistics.

SUI Gains Ground in Stablecoin Market

Ethereum recorded a $208 million stablecoin outflow in early 2025 despite its core role in decentralized finance (DeFi). This movement points to a shift in user preferences toward faster and more cost-effective chains.

Numerous platforms now attract liquidity because they deliver better scalability and higher efficiency. In contrast, SUI is emerging as the leading blockchain this month in terms of stablecoin growth.

The chain has attracted attention for its speed and growing ecosystem, making it attractive for stablecoin use. SUI attracts more users who want to leave high-fee networks because of its growing utility.

Other Ethereum-compatible chains such as Polygon, Optimism, and Base also record consistent inflows. This reflected an evolving landscape where users prioritize low-cost environments for stablecoin transactions.

TON and Avalanche have let $506 million and $280 million leave their networks because of varying network activity patterns.

Stablecoins Drive Financial Access Worldwide

Stablecoins are now more widely used than Bitcoin in Latin America, Southeast Asia, and Africa. The assets provide liquidity support to people who save, transfer money, and conduct business while operating with erratic regional currencies.

Evidence from Nigeria, Turkey, India, Indonesia, and Brazil shows these assets are more commonly used than Bitcoin.

Prior year and future
Prior year and future expected stablecoin usage | Source: castleisland.vc

In these countries, stablecoins are a reliable entry point to digital finance. Stablecoins provide users with multiple benefits, including stable prices, international usability, and quick digital transaction options through mobile features.

Such a technology improves financial accessibility, particularly in areas with limited access to traditional banking services. Chainalysis and Visa-backed research show that stablecoin usage is growing faster than expected in these markets.

The data revealed that stablecoins provide an efficient solution for individuals facing economic instability. As adoption rises, stablecoins are integral to daily financial activity in many regions.

STABLE Act Boosts Confidence in Stablecoins

The STABLE Act, recently passed in the United States, established rules for all USD-pegged tokens, including USDC and USDT.

This regulatory clarity has helped solidify stablecoins’ legitimacy within the broader financial system and reassure users that these assets can comply with financial standards.

The November 2024 U.S. election, followed by crypto policy backing, increased users’ involvement in digital asset markets. Under the new government’s direction, various blockchain networks have seen rapid infrastructure development alongside network enhancements.

Whale Transfers $63M In XRP To Coinbase As Futures Launch Nears

Maxwell Mutuma
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0
Whale Transfers $63M In XRP To Coinbase As Futures Launch Nears

Key Insights:

  • A whale transferred over 29 million XRP, worth approximately $63.81 million, to a Coinbase-linked wallet.
  • The transaction occurred at 12:12 p.m. UTC and came ahead of Coinbase’s planned XRP futures launch next week.
  • On-chain data suggested the transfer was an internal Coinbase movement for fund consolidation or liquidity management.

Recently, a significant XRP movement occurred as a whale shifted over 29 million XRP coins to a Coinbase wallet. The transfer occurred at 12:12 p.m. (UTC) and was valued at approximately $63.81 million.

This transaction aligns with Coinbase’s upcoming launch of XRP futures contracts. The launch is scheduled for next week.

XRP Whale Transfer Linked to Coinbase

The wallet transferred 29,532,534 XRP to a Coinbase-linked address. Each coin was valued at approximately $2.16 during the transaction.

Whale Alert first identified the sender account as an unknown entity. At the same time, on-chain analysis confirmed that the sender was an internal Coinbase operation. The sending address, activated on April 11, 2025, has received XRP from multiple sources.

whale transfer
source: X

Coinbase has used this address to collect XRP from several wallets for fund consolidation or liquidity management. After today’s large transfer, it holds only 10 XRP. The existence of this pattern confirms operational fund transfers instead of retail activities.

The destination address, linked to user withdrawals, quickly distributed nearly 28 million XRP across more than 100 transactions. This wallet currently holds 1.55 million XRP, valued at $3.34 million.

Ripple Wallet Moves 70 million XRP

On April 14, a separate XRP whale shifted 70 million XRP worth $150.36 million to an unidentified address. According to Bithomp records, the sender wallet, which Ripple controlled, became active in October 2023. It previously received 200 million XRP from Ripple on April 11, 2025.

The wallet continues to be active in Ripple-related transactions, which indicates that Ripple participates in broad liquidity management. Liquidity provisioning and institutional settlement seem to be the most probable applications for which the purpose of this XRP activity remains undefined.

Several experts believe Ripple uses this wallet to support ODL clients and create exchange-traded funds. The wallet has shown consistent activity with high-value XRP transfers, indicating its role in more extensive ecosystem operations.

Market liquidation events and market-making activities tend to trigger these movements. The April 14 fund transfer continues the documented practice of Ripple reallocating its funds.

A known community tracker reported the possibility that Ripple will utilize these funds for exchange liquidity arrangements and ETF backing.

Though speculative, these assumptions align with recent XRP product launches. Ripple’s participation in large-scale market events remains supported by its coordinated transfer actions.

XRP Liquidity Gains Momentum Ahead of Potential ETF Approval

XRP’s liquidity has grown strongly over recent months, boosting its position in the broader crypto market. A Kaiko Indices report showed that XRP and Solana exhibit the deepest 1% market depth on verified platforms.

This highlighted their strong liquidity and trading activity. Since late 2024, XRP’s liquidity performance has surpassed Solana’s and doubled Cardano’s.

Live Crypto ETF Applications
Live Crypto ETF Applications | Source: Kaiko

This improved liquidity has supported XRP’s ambitions for inclusion in a U.S. spot ETF. Teucrium’s 2x leveraged XRP ETF launch helped increase institutional exposure and daily trading volume.

Volume surpassing $5 million marked the newly launched fund as Teucrium’s biggest success during its inaugural day. Despite lacking a strong futures market like Bitcoin, XRP continues gaining ground in the U.S. spot trading sector.

The cryptocurrency achieved an all-time high share value since it survived the difficulties brought by the SEC’s legal actions. Multiple factors have generated rising expectations that future regulatory developments are imminent.

Once higher than XRP’s, Solana’s market dominance has dropped from 30% to 16% as XRP gains more ground. Meanwhile, XRP remains above the $2 mark and trades at $2.16, reflecting its resilience.

The coin demonstrated an 11.66% increase throughout the past week alongside a 31% price surge starting from April 7.

ADA Whales Dump 100M Coins: Is Cardano Headed For Price Shock?

Anuj Bhor
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0
ADA Whales Dump 100M Coins: Is Cardano Headed For Price Shock?

Key Insights:

  • Despite recording weekly gains, Cardano’s price dropped to $0.6205 after a 2.3% decline.
  • Over 100 million ADA were dumped by large holders in one week, causing a sharp shift in market sentiment.
  • The whale selloff followed a brief rally from $0.51, prompting concerns about long-term confidence in ADA.

Cardano’s (ADA) market performance has drawn attention after a sharp whale dump of 100 million ADA shook recent gains. The token recently traded at $0.6205, showing a 2.3% daily decline despite a weekly rise.

While short-term data reflect minor recoveries, indicators suggest a growing pressure that could impact Cardano’s near-term direction.

ADA Whale Dump Sparks Price Drop

Large ADA holders reduced their positions by over 100 million coins within one week, triggering market-wide attention. Following a short price recovery period, the market experienced downward pressure.

It reached its minimum point of $0.51 in April. The participants viewed this action as profit extraction following a brief market rebound.

ada price
Source: X

The sizable dump has questioned major market participants’ confidence in the long term. As this adjustment occurred, the price stabilized between $0.63 and $0.65.

The consolidation spanning $0.63 to $0.65 has recently displayed weakening signs, leading to a price drop to $0.6205. According to their analysis, leading analysts noticed that the whale selloff triggered potential rises in market volatility.

The price decline triggered market volume variations, indicating deteriorating short-term market demand. The current market support may be at risk if more selling occurs because it could break essential technical elements. This might accelerate price lowering.

Cardano Technical Indicators Signal Bearish Trend

Despite moderate weekly gains, Cardano’s technical setup reflected growing downside risks across several indicators. The Relative Strength Index (RSI), which displayed a value of 44.31, signaled neutral market momentum that approached oversold territory.

The indicator indicated weak demand growth because sellers maintain their trading authority. Current market analysis pointed to bearish trends because the MACD line stayed under the signal line during this short-term period.

The measurement in the histogram has become marginally positive to 0.0048, yet overall momentum levels remain minimal. Such an early signal cannot develop into a sustainable market recovery without additional strong buying power shortly.

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

According to Chaikin Money Flow, the reading shows 0.02, indicating a weak flow of capital into the market. The overall force of value accumulation is weak since this value stays above zero.

Market uncertainty persists across wider sectors, even though recovery aspects can be identified sporadically.

ADA Liquidity Drops as Supply Shrinks

Recent on-chain data revealed consistent ADA outflows from exchanges since November 2024, suggesting longer-term holding activity.

These net outflows indicated that participants moved ADA to private wallets rather than engaging in short-term trades. The decreasing exchange supply indicates that market liquidity will decrease, resulting in reduced price fluctuation.

ADA Spot Inflow/Outflow
ADA Spot Inflow/Outflow | Source: Coinglass

Major outflows occurred during high-volatility events, particularly in March and January, affecting ADA’s short-term trend. Suppliers engaged in substantial selling activities that decreased prices as the market faced uncertainties.

The overall trend showed more ADA-exited exchanges than entered during the observed periods. However, small amounts were entered during times of market increase.

The pattern of declining exchange supply suggests that most participants expect longer-term value from ADA despite current short-term weakness. Lower exchange activity leads to decreased market liquidity.

This produces exaggerated price movements during periods of market decline. A rapid change in market sentiment would result in prices moving firmly up or down.

Cardano Developments Fail to Lift Price

Recent remarks by Cardano founder Charles Hoskinson suggested several network developments that could impact the project’s future direction. The plan includes new ecosystem enhancements and potential collaboration opportunities to accelerate adoption within multiple industrial sectors.

These emerging network prospects have failed to produce distinct price changes in the present market. These announcements made consumers feel more optimistic but failed to result in lasting market price increases.

The difference between basic network operations and market valuation exists because market participants exhibit conservative movements in the present trading period. Trading participants prefer additional confirmation signals before implementing bullish price actions.

Cardano’s broader market position remains mixed, with modest gains quickly erased amid pressure from large selloffs. The cryptocurrency market reacted strongly to whale transactions because its value decreased from $0.6557 to $0.6205.

Further signals will be needed to determine whether ADA can recover or continue its decline soon. Cardano price action now hovers at a crossroads between a possible breakout and further decline, depending on near-term developments.

The combination of technical and on-chain data suggests weakening conditions, but they have not established confirmation for a breakdown. If it continues declining below $0.6200, the ADA price might decrease toward $0.60 support.

Whales Accumulate 800M DOGE As Bullish Chart Pattern Takes Shape

Maxwell Mutuma
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0
Whales Accumulate 800M DOGE As Bullish Chart Pattern Takes Shape

Key Insights:

  • Whale wallets scooped 800 million DOGE between April 12 and April 14.
  • DOGE formed the inverse head and shoulders pattern with its neckline at $0.170.
  • The Long/short ratio rebounded, showing rising bullish sentiment in derivatives.

Over 800 million DOGE was accumulated by large Dogecoin holders in the last two days, rekindling market interest.

On the other hand, an inverse head and shoulders pattern has formed on the chart with the $0.170 level as a key resistance for a potential breakout.

Whale Accumulation Grows as Dogecoin Price Recovers

Data from Santiment shows that large Dogecoin holders have been increasing their holdings in the past 48 hours.

Between April 12 and April 14, the wallets holding more than 1 billion DOGE coins acquired over 800 million DOGE.

The action occurred amid a short-term price recovery when Dogecoin was trading around $0.145 and $0.165.

Dogecoin wallets holding
Dogecoin wallets holding more than 1 billion DOGE | Source: Santiment

As seen on the Santiment chart, the total holdings of these major wallets jumped from around 71.38 billion DOGE on April 11 to 72.18 billion DOGE on April 14.

This increase is due to a 1.12% increase in whale-held supply, as prices have also increased during this period.

Prices were low near $0.131 on April 6 but started recovering steadily from April 8.

Inverse Head and Shoulders Pattern Forms on 4-Hour Chart

Meanwhile, as per Trader Tardigrade’s technical analysis, Dogecoin was forming an inverse Head and Shoulders (iH&S) pattern.

This is a setup that has shown up on the 4-hour chart, consisting of three main lows, two higher lows (shoulders), and one lower low (head).

When confirmed, this type of pattern can indicate a trend reversal.

Dogecoin head
Dogecoin head and shoulders pattern | Source: X

On April 7, the head was formed near $0.127, while two shoulders were formed on April 4 near $0.156 and on April 15 near the price area.

The neckline was a resistance line at around $0.170.

A bullish breakout from this pattern may be confirmed if the price closes above this level with strong trading volume.

Dogecoin false
Dogecoin false break | Source: X

Conversely, a false breakdown earlier this month was also mentioned by the trader. DOGE dropped below key support around $0.145 but recovered quickly.

After the recovery, the price traded consistently above that support, which TATrader_Alan said is a classic false break. “A new DOGE bull run could start from this false break,” he added.

Long/Short Ratio Shows Slow Shift in Market Sentiment

CoinGlass provides more data on market positioning. The DOGE long/short ratio, which measures the ratio of taker buy and sell volume, fell from above 1.05 on April 1 to below 0.92 on April 6.

Such a drop implies that more traders were opening short positions, anticipating the price to drop.

DOGE long/short
DOGE long/short ratio chart | Source: CoinGlass

But, from April 7 to April 11, the ratio started to rise again. By April 15, it had reached about 0.95, which indicates a rise in long-interest.

This upward movement, however, while it is still below 1.0, is a trend towards more balanced trading.

Sometimes, periods in which shorts are dominant and then longs increase can cause a change in price momentum.

If Dogecoin manages to break the $0.170 level, it could set off stop losses on short positions and cause a rapid rise in prices.

The Market is Focused on $0.170 Price Level

The $0.170 resistance level is at the center of DOGE’s price action. This level is the neckline of the H&S pattern and is also a psychological level in the market.

The trend is still uncertain as the pattern has not been confirmed without a close above this level.

Whale buying, early technical setup, and changing sentiment create a confluence of factors that could lead to more price activity.

However, traders may be cautious without a breakout. Any further upside will depend on volume and confirmation.

XRP Holds $2.15: Is This The Calm Before A $15 Crypto Storm?

Anuj Bhor
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0
XRP Holds $2.15: Is This The Calm Before A $15 Crypto Storm?

Key Insights:

  • XRP maintained its position above the $2.15 support level despite a slight dip in trading volume.
  • The token recorded a 0.23% intraday gain while reaching a 24-hour high of $2.18.
  • Market analysts suggested that XRP had reached its bottom during the April 7 session.

On Monday, Ripple (XRP) held steady above the $2.15 level, gaining marginal ground in a relatively flat market session.

While the broader crypto space stayed green, XRP’s price resilience sparked fresh debate around a potential bottom.

The XRP crossover happened because experts recognized technical signs and fundamental factors indicating a substantial market movement.

XRP recorded a 0.23% daily change, keeping its price close to the $2.15 support zone as trading activity decreased by 25% to $2.99 Billion.

Despite the dip in volume, XRP maintained its 24-hour high of $2.18 and showed relative strength.

XRP maintained its place among leading cryptocurrency assets because its market value reached $125.33 Billion.

Technical analysts follow potential evidence for establishing a sustainable market floor, even though momentum indicators produce inconsistent results.

Market sentiment became stronger because of technical patterns, ETF speculation, and capital flow patterns.

Resistance Levels Hold Back XRP Price Rally

Analyst EGRAG CRYPTO suggested that XRP may have reached its lowest point during the April 7 trading session.

He noted that for the trend to be confirmed, XRP must close a weekly candle fully above key resistance levels.

The crucial resistance points for XRP price movement include $2.10, the 21-week EMA, and the essential condition of completing a weekly candle fully above $2.25.

xrp price chart
Source: X

Despite the recent uptick, XRP failed to close above the key resistance of $2.25 during the last session.

Under the present market environment, the trend reversal for XRP still needs further confirmation. If XRP breaks above this resistance, it could lead to sustained bullish momentum.

XRP closed the last candle at $2.1462 on Binance, down 2.37% from the session’s peak of $2.2013.

During the session, XRP reached a low value of $1.9555 before climbing back to its highest point at $2.2013. However, it failed to maintain above $2.25.

The asset fought between support and resistance levels, resulting in this market wave motion.

XRP Indicators Signal Neutral Market Trend

The Relative Strength Index reached 49.28, demonstrating market indecision because this figure reflects neither overbought nor oversold levels.

At press time, the RSI showed signs of improvement because it had recently recovered from its low point near 32.70.

The market shows signs of short-term recovery since prices rebounded above oversold levels.

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

The MACD indicator suggested declining bullish sentiment because its line fell beneath its signal line.

At the time of writing, the MACD line was at -0.0559, but the signal line stood at -0.0457.

Near-term price movements need caution because existing data suggests an upcoming interruption of the ongoing recovery process.

Accumulation mainly occurred in XRP’s market despite the maximum Chop Zone indicator reading, which supported this trendless condition.

This aligns with XRP’s recent price consolidation pattern over the past few weeks.

XRP ETF Speculation Drives Bold Forecasts from Experts

In a separate development, analyst Zach Rector shared a bold price target of $15 for XRP based on potential ETF inflows.

He cited data suggesting inflows of $4 to $8 Billion could enter XRP-based ETFs within the first year of launch.

The analyst states that this inflow of funds would produce substantial growth in market capitalization.

Rector applied a market cap multiplier model, calculating that a $4 Billion inflow could expand XRP’s market cap by $800 Billion.

When the new $125 Billion amount is incorporated, the combined worth of assets would reach approximately $925 Billion.

With 60 billion XRP tokens circulating, this would lead to a price near $15.42.

Real-time evidence demonstrated that the market cap rose by $7.74 Billion, while the inflows amounted to $12.87 Million.

That move represented a 601x multiplier, reinforcing the effect ETFs might have on XRP’s value.

Bitcoin Surges Past Trendline, But Expert Calls It A False Alarm

Maxwell Mutuma
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0
Bitcoin Surges Past Trendline, But Expert Calls It A False Alarm

Key Insights:

  • Bitcoin recently broke above a descending trendline that had held for three months, reaching a high of $86,450.
  • At press time, the price was trading at $83,889.86, reflecting a 24-hour drop of 0.75%.
  • Despite the breakout, technical analyst Peter Brandt dismissed the trendline breach as insignificant to the overall market direction.

Bitcoin (BTC) recently moved above a major descending trendline, gaining renewed attention from market watchers and retailers across the space.

The price jump created a new short-term high, briefly pushing the asset to $86,450 within the daily trading window.

However, seasoned market participant Peter Brandt dismissed the breakout’s importance, labeling the trendline breach insignificant.

Bitcoin Breaks Key Trendline but Lacks Convincing Confirmation

Bitcoin broke above a three-month-long descending resistance, sparking optimism among traders hoping for a prolonged uptrend.

The breakout followed a period of extreme fear, particularly when Bitcoin dipped to $75,000 just days prior.

BTC price has demonstrated weak continuous movement following its resistance breakout, implying that full support for the rise is still lacking.

The trading price at the time of writing this piece was $83,889.86 with a 0.75% daily drop. The price reflected a weak market recovery after the breakout.

The daily trading prices oscillated within the range of $84,353 to $86,450 indicating moderate market turmoil without any definitive directional shift.

The price movement lacks the necessary trading volume to confirm accumulation based on the price structure observed.

Financial expert Peter Brandt did not recognize the technical breakout and considered it unimportant.

According to him, trendlines have little significance and cannot prove market reversals. The most dependable asset support and resistance signals appear as horizontal price areas.

bitcoin price chart
Source: X

Bitcoin Indicators Show Weak Bullish Signals

The Relative Strength Index (RSI) was at 52.66, showing neutral characteristics in the market with modest buying indications.

The RSI moving average currently stands at 45.78, which verifies a price increase that began when the March decline reached its lowest point.

The indicator indicates possible price growth yet demonstrates limited buying pressure since it lacks strong overbought signal strength.

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

The Moving Average Convergence Divergence (MACD) line crossed above the signal line, thus indicating a potential start of bullish market movement.

The MACD reading was 599, while the signal line maintained its position at -1,009, which verifies the crossover signal.

According to the overall histogram development, price strength remains restrained so far.

Market capital inflows show a mild increase, as indicated by the Chaikin Money Flow (CMF) value of 0.04.

The data shows accumulation activity is taking place, but buying strength stays at a minimum level.

Without strong inflows or trading volume spikes, Bitcoin’s momentum remains uncertain despite breaching the trendline.

Bitcoin Ratio Shows Balanced Trader Sentiment

The BTC Long/Short Ratio has remained mostly balanced in recent sessions, consistently hovering around the 1.0 level.

The trader split between bullish and bearish expectations remains balanced because there is little dominance from either side.

All market components adapt their positions according to both price movements and macroeconomic data signals.

BTC Long|Short Ratio chart
BTC Long|Short Ratio Chart Source: Coinglass

The current data indicates that long positions at 1.05 exceed short positions by 0.05 according to the Long/Short Ratio calculation during the fourth hour.

The market showed two previous movements above 1.10 on April 12 and April 14 but exhibited sharp price drops afterward.

Most of the bulls demonstrate limited sustainability in their positions, combined with regular short-term trading that leads to profit-taking across the market.

The market has exhibited hesitation regarding heavy long exposure after its upward breakout.

These shifting sentiments within leveraged positions reflect market-wide insufficient investor confidence.

Price stability showed no sign of long-lasting control from either support or resistance.

The market action may stay within current consolidation or retracement zones during the near future.

Brandt’s criticism of the trendline’s significance challenges the current bullish enthusiasm seen across social channels.

Brandt argued that only horizontal levels offer dependable insights into future price movements.

Bitcoin Still At Risk Of Dipping Below $65K—But Altcoin Season Isn’t Over

Josh Alba
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0
Bitcoin Still At Risk Of Dipping Below $65K—But Altcoin Season Isn’t Over

Key Insights:

  • Alpha and True Market Mean Price models show support near $64,700.
  • CVDD Channel points to another major support area of around $66,300.
  • Altcoins may rally through November even if Bitcoin remains under pressure.

On-chain models show clustered support at $64.7K – $66.3K, meaning that Bitcoin’s price is still at risk of falling below $65,000.

Short-term weakness is still present, but altcoin season projections are still valid, and a run into late 2025 is possible.

Key Support Levels Cluster Near $65K

Several long-term valuation models point to a potential support zone for Bitcoin between $64,700 and $66,300.

The Alpha Price Model is a layered band structure that reflects price cycles and its Alpha 6 band, a key mid-range support, is around $64,700.

Previously, Bitcoin’s price has bounced from similar levels and continued to trend higher.

The True Market Mean Price in the Price Dynamics Models chart reinforces this figure. This model, which tracks the average cost basis over time, is also $64,700.

This area overlaps with the values of the other two indicators, which suggests that this area might be a key decision point for price direction.

Bitcoin CVV channel
Bitcoin CVV channel | Source: Alphractal

Furthermore, the CVDD Channel, another long-term valuation tool, has the CVDD x 2 band near $66,300. This band has served as a dynamic support zone in the past.

Should that level fail, the model has the CVDD x 1.854 band near $61,000 as the next major support.

These zones are time-weighted coin destruction values which represent long-term holder conviction.

Active Market Support Found at $70.2K

Longer-term support is closer to $65K, while shorter-term behaviour revolves around $70,200.

The Active Realized Price is the current value of that, which is the average cost basis of coins that have been actively traded.

Throughout 2024, this level has been tested repeatedly, but it has not broken down completely.

Bitcoin alpha price
Bitcoin alpha price | Source: Alphractal

This is important because many recent buyers are holding positions near this level.

If the price stays above it, it means that the selling pressure from the recent market participants is still limited.

Usually, if the price stays above the active realized price, it means that short-term investors are in a better sentiment.

But the Alpha Oscillator, a sentiment and momentum tool plotted on the Alpha Price chart, is on a downward slope.

The momentum is fading as the oscillator is currently below the neutral zone.

The drop often precedes temporary corrections, which means that the price may move towards the $65K region.

Investor Behavior Suggests Redistribution is Likely

Recent on-chain trends indicate that Bitcoin may be in a redistribution phase. Indicators on the STH & LTH Sentiment Price Bands chart support this.

At press time, the price was oscillating between the ‘Anxiety Band’ and the ‘lower Optimism Band’.

These levels have been precedents to periods of sideways movement, as they have been points where traders become uncertain.

Bitcoin STH & LTH sentiment price
Bitcoin STH & LTH sentiment price bands | Source: Alphractal

The blue line is the Bandwidth Oscillator, which has also declined.

This oscillator is based on price volatility across sentiment bands and often contracts before large directional moves.

Mid-level sentiment combined with a fall in bandwidth indicates indecision rather than confidence.

However, data also shows that miners and short-term holders are distributing. These groups frequently sell into rallies to make profits.

Therefore, the current market does not show strong accumulation behaviour, which means the price cannot go up from here until stronger buying reappears.

Altcoin Performance Outlook Remains Unchanged

Even with Bitcoin’s price being volatile, Alphractal analysts are still projecting a Bitcoin cycle peak around mid-October 2025 with altcoin momentum continuing through November or even December.

This pattern is based on past cycles where altcoins tend to perform after Bitcoin tops.

Bitcoin price dynamics models
Bitcoin price dynamics models | Source: Alphractal

It may already have been a soft correction to the recent drop to $74K.

However, several indicators are starting to indicate early signs of sentiment recovery, but are still below optimal levels.

If Bitcoin doesn’t break down from the $70K range, it could present an opportunity for new accumulation.

A crypto analyst Joao noted that, even if the price does not fall any further, $74K is already a decent correction, referring to historical pullbacks before large upward moves.

While some altcoins have seen a buildup in long positions, especially in those with high exposure, newer assets are still gaining attention.

If speculative demand goes up, these can rise independently of Bitcoin.

XRP Defies $795M Crypto Exodus: Massive Breakout Ahead?

Josh Alba
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0
XRP Defies $795M Crypto Exodus: Massive Breakout Ahead?

Key Insights:

  • The digital asset market recorded $795 Million in outflows last week, wiping out nearly all gains made in 2024.
  • XRP attracted $3.5 Million in inflows, while major cryptocurrencies experienced significant capital exits.
  • XRP maintained price support above $2.00 and posted a daily gain of 1.61 percent despite weak trading volume.

The digital asset market faced sharp outflows, totaling $795 million last week, erasing nearly all 2024 gains. Amid this downturn, XRP Price showed resilience with consistent inflows.

It also maintained stable price action throughout the period. Despite broader losses, Ripple displayed relative strength, stirring attention across the crypto space.

XRP Price Gains Ground Amid Crypto Outflows

While Bitcoin, Ethereum, and Solana registered steep outflows, XRP attracted $3.5 million in new inflows over the week. XRP staged a standout performance by attracting $3.5 Million in new inflows.

This sharply contrasted with market trends, where uncertainty led most assets to lose their capital base. Ripple’s performance raises interest in whether it could lead to a rebound. XRP price traded at $2.15 during the latest session, recovering from a minor decline earlier in the day.

Ripple price remained above the $2.00 support level to keep a short-term bullish outlook while facing weak trading volume indicators. Accumulation signaled on the charts supported its daily price increase of 1.61%.

Technical indicators suggested neutral market sentiments because the daily RSI stood at 50.31, demonstrating balanced trading momentum. The MACD histogram moved to 0.0230, indicating initial bullish momentum signs.

According to on-chain metrics, the positive movement of the XRP price continued. However, it did not deter investors from withdrawing funds from spot market trading operations.

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

Coinglass reported that Ripple saw persistent outflows through early April. This reflected repositioning by major participants. Futures Open Interest (OI) dropped by 11% to reach $3.2 Billion because traders withdrew their interest in leveraged positions.

Market participation declined following a 4% drop in daily trading volume. The volume settled at $3.99 Billion during this period.

XRP OI
XRP OI | Source: Coinglass

XRP’s unique position amid the market downturn is partly linked to developments in the Ripple-SEC case. Market optimism is rising regarding unresolved legal issues surrounding the digital asset.

A resolution could bring more precise and improved regulatory definitions. Despite the positive indications for XRP, the macroeconomic environment and weak customer interest are price-limiting factors.

Bitcoin Faces Steep Outflows Despite Positive YTD Figures

Bitcoin took the most significant hit, shedding $751 Million in net outflows last week as sentiment turned risk-averse. Bitcoin underwent its third straight capital flight run during this period.

Since February, this trend has resulted in an outflow of over $7.2 Billion. Despite the pullback, Bitcoin’s YTD inflows remain at $545 million.

Flows by Asset
Flows by Asset | Source: Coinshare

Market watchers also observed a decline in short-Bitcoin products, with $4.6 Million exiting these vehicles. Investors opt to adjust their investment positions instead of executing aggressive bearish trades. This shift reflected a need to reassess market exposure amid current conditions.

The lack of aggressive buying indicated investors lost confidence in a forthcoming price rally. Bitcoin price recovered late in the week, contributing to a rise in assets under management to $130 Billion.

The mixed technical signals have yet to produce any confirmed upward movement. There has been no significant trading activity while institutions withdraw resources from their leading platforms.

The United States continues to create perpetual policy doubt that intensifies market-related uncertainties regarding tariffs and international trade operations. Crypto markets display quick reactions toward such announcements because they function through speculation.

For Bitcoin, staying above key support levels may prove difficult without renewed inflows. The asset maintains its position as a market leader.

However, current macroeconomic developments highlight potential weaknesses in its performance. Bitcoin’s resilience depends on whether broader sentiment improves in the coming weeks.

DeFi Slowdown Hits Solana and Ethereum

Ethereum saw $37.6 Million in weekly outflows as the second-largest crypto struggled to maintain investor confidence. The coin’s latest market price variations have established neither new investment nor meaningful trading volume changes.

Ethereum continues to mirror Bitcoin in terms of broader sentiment alignment. Solana lost $5.1 million from investors after a period of enthusiasm during Q1, which has subsided.

The market value has decreased while trading activity diminished, although the network launched significant new services. Today, market trends determine this asset’s short-term movement rather than inward forces related to its specific assets.

Ethereum and Solana lack immediate upside momentum, with no clear catalysts supporting renewed growth. Fresh buying activity becomes crucial to determine if prices will maintain their current boundaries or drop according to rising sales volumes.

Both assets remained unchanged during the late-week recovery period. Some technical indicators show moderate strength but are combined with weak accumulation trends across both blockchain networks.

Ethereum’s staking trends show signs of slowing, while Solana’s DeFi activity has plateaued recently. Proofs indicate that capital investors withdraw funds from major altcoins and redirect them towards various defensive investments and lower-cap opportunities.

Ethereum Breakout Brewing As Whale Buys And Leverage Resurges

Jackson Kelley
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0
Ethereum Breakout Brewing As Whale Buys And Leverage Resurges

Key Insights:

  • An Ethereum whale accumulated over 20,000 ETH in a coordinated series of transactions following a recent price dip.
  • The whale used Aave to deposit ETH as collateral and borrowed $15.4 million in USDT to potentially reinvest.
  • Additional ETH purchases were made shortly after, increasing borrowing capacity and signaling a high-conviction strategy.

Ethereum (ETH) has shown early signs of recovery as it moved away from recent lows. Within 24 hours, an ETH whale made significant purchases, signaling growing confidence. Simultaneously, leverage activity and DeFi borrowing increased, indicating a possible breakout.

Ethereum Whale Accumulates Over 20,000 ETH and Moves to Aave

An Ethereum whale initiated large transactions after the recent price pullback. The whale withdrew 15,953 ETH from OKX and sent them to multiple addresses. The whale deposited ETH into Aave through its platform via Aave as a borrowing operation.

Shortly after, the whale borrowed $15.4 million USDT using the deposited ETH. Further trading or accumulation appeared to be why the funds returned to OKX. Historically, this financial maneuvering strategy has been employed by the same group of wallet operators.

A few hours later, the whale added another 4,208 ETH to the same accumulation pattern. The extra collateral deposit expanded the available borrowing capacity. The multiple fast transactions indicate the whale holder’s strong commitment to their accumulation strategy.

The whale used six different addresses to move and manage the Ethereum. When withdrawn from OKX, the separate addresses received partial ETH amounts. Because of their strategic placement, these actions indicate systematic planning over spontaneous trading decisions.

On-chain data confirmed the whale’s consistent behavior with prior ETH moves into DeFi. The whale chose Aave as its main option for converting ETH into other DeFi products. The current protocol maintains more than $17.5 Billion value within its locked status.

eth price
Source: X

This series of actions coincides with Ethereum’s bounce from recent lows near $1,400. The price reached $1,675.17 during the whale’s buying spree. As Ethereum rose, the market began to reflect a shift in sentiment.

Leverage and DeFi Activity Rebuild After Liquidations

The DeFi user base boosted their borrowing operations following mass liquidations, which minimized leverage exposure. Ethereum whales now borrow more stablecoins while protecting their positions with low liquidation levels. This action creates a positive outlook regarding price recovery.

The total open interest in ETH surged to $8.98 Million within 24 hours. Higher leverage positions returned to the market after traders adopted a more restrained approach in the past months.

The number of investors with open positions leaning towards being bearish makes up more than 38% of the total market stake. Optimistic and pessimistic outlooks on price movements are engaged in a continuous struggle inside the market.

The share of liquidations between short sellers and long owners remained even during the previous few hours. Sky Protocol and Aave performed major liquidations by exceeding essential risk thresholds.

Liquidation risks decreased by $164 million when the total went from $1.1 Billion to $936 Million. The majority of positions that became over-leveraged have already been managed effectively.

With risk levels reduced, whales are now positioned for longer-term gains. Whales currently hold assets with a liquidation protection value of $905.

Ethereum Recovers from BTC Lows as Accumulation Rises

Ethereum showed signs of stabilizing against Bitcoin, moving from a low of 0.019 BTC back to 0.02 BTC. The rising values indicated that ETH was in a recovery phase. Strength emerges from investing when local Bitcoin prices reach their lows.

ETH also gained from gaps forming in the CME futures market. Both temporary price movements and long-term targets converge toward gaps created in the market. A price target may develop at $1,812 because of a visible market gap.

ethereum prediction
Source: X

The price drop of ETH under $2,000 caused more wallets to purchase the token. Ethereum received increased inflows from wallets that contained any amount of ETH balance. The purchasing behavior continued during periods of market downturn alongside negative crowd opinions.

Ethereum price and inflow trends
Ethereum price and inflow trends | Source: CryptoQuant

When ETH reached the previous low of $1,400, strategic accumulation occurred instead of widespread selling. Large entities participated in this accumulation process.

However, individual wallet owners showed similar behavior by increasing their ownership. Ethereum’s resilience during dips adds to the breakout narrative.

Bitcoin Price Nears $85.8K Liquidity Zone As Traders Expect Move

Anuj Bhor
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0
Bitcoin Price Nears $85.8K Liquidity Zone As Traders Expect Move

Key Insights:

  • Bitcoin has approached the $85,800 resistance level, where a high concentration of liquidity is building.
  • The price briefly reached $85,787 before pulling back slightly, maintaining strength above the $84,000 support.
  • Binance’s BTC/USDT liquidation map shows dense, high-leverage long positions between $83,000 and $84,000.

Bitcoin price remained strong, steadily approaching the $85,800 liquidity zone. This level is a key resistance point in the market. This BTC price range held a significant concentration of orders, hinting at potential volatility in the near term.

Market data showed high-leverage positions concentrated at key levels. This indicated potential liquidation events on both sides of the move.

Bitcoin price approaches $85.8K as Liquidity Builds Near Resistance

Bitcoin price action has moved toward $85,800, where much liquidity is concentrated. The $85,800 price level was an attention point due to the market’s stop and limit order clusters. Such price mobility above this zone should establish new momentum to probe higher market territories.

The market reached $85,787, showing intense upward pressure. This comes after traders rebounded from the earlier $80,000 low point.

Despite a minor decline of 0.48% in the past 24 hours, BTC remained above the $84,000 level. Market stability signs exist due to changing market sentiments and narrowing price fluctuations.

bitcoin price
Source: X

BTC/USDT liquidation map on Binance showed that many traders held leveraged long positions. These positions are concentrated in the $83,000 to $84,000 price range. Market pressure will rapidly intensify when sales increase because these strategic positions need to unwind.

BTC Faces Key Test Near $85,800

The $85,800 zone is notable in CoinGlass data for accumulating substantial liquidation activities. This level, tied to Bitcoin price movements, included long and short positions.

Short position trading activities have multiplied within the $85,000 to $89,000 range. This is due to liquidity surpassing the threshold, with leveraged positions ranging from 25x to 100x. This expose bears to risk if BTC breaks above this resistance with volume.

BTC Liquidation
BTC Liquidation | Source: Coinglass

The market could start a liquidity hunt by triggering stop orders, which would cause leveraged traders to exit their positions. Market participants face significant price fluctuations when forced stop-loss orders are triggered. These liquidations occur at both the high and low ends of the market.

While Bitcoin price trades below the critical level, any upward move may target short liquidations to fuel a rally. The heatmap reveals potential risks for bulls when long leverage falls below $83,000. This is due to a sharp decline in assets within this price range.

Stopping moves beneath this specific threshold could result in painful downward momentum. Market traders are currently conducting a price struggle at the $84,000 pivot point.

Bitcoin Indicators Point Toward Upward Momentum

Market indications from the Relative Strength Index (RSI) stood at 52.09. This indicated a neutral position that lightly supports buying activity over the short term.

The 45.53 moving average showed positive development since price trends demonstrate rising power. BTC price established a stronger trend when it exceeded the RSI threshold of 60.

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

The MACD indicators demonstrated early bullish patterns through their signal successfully crossing the MACD line. The recent sessions showed a rise in buying speed following an increase in the histogram value to 531.

According to these crossover signals, the trend indicated an expanding positive trend for development. The Chaikin Money Flow (CMF) stood at 0.04, indicating a small but positive capital inflow into Bitcoin markets.

When the CMF value stays above zero, it suggests that the gradual accumulation of Bitcoin will continue. This data indicated that gradually building buying pressure offers better outcomes. In contrast, a sudden and aggressive purchase surge may be less effective.

Perpetual-Spot Gap Hints at Waning Bearish Sentiment for Bitcoin Price

The Perpetual-Spot Gap analysis by CryptoQuant showed a decreasing negative spread on the Binance exchange. The Perpetual-Spot Gap highlighted the relationship between futures and spot trading prices to evaluate market sentiment about leveraged positions.

Sellers have lost control of the futures market, causing the negative gap to persist. However, it is gradually becoming narrower.

btc price prediction
Source: X

If market optimism rises, the Perpetual-Spot Gap will exhibit positive changes that could exceed resistance levels. Stockholders must integrate this pointer with volume readings and economic environment changes when making investment decisions.

Near-term market movements depend on changes in funding rates and shifts in derivative market opinions. Recent Bitcoin price action showed building momentum after bouncing from $83,010 on Sunday, following mixed macro signals.

The market exhibits stability through trader positioning that centers on significant technical zones. At the same time, it demonstrated its operational power. BTC price movement currently prefers to rise toward $85,800 in the medium term.

Strategy Buys 3,459 BTC As Holdings Soar Past 531K Milestone

Josh Alba
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0
Strategy Buys 3,459 BTC As Holdings Soar Past 531K Milestone

Key Insights:

  • Strategy has purchased 3,459 Bitcoin worth $285.8 million between April 7 and 13, 2025.
  • This latest acquisition brings the company’s total Bitcoin holdings to 531,644 BTC.
  • The purchase was funded by selling 959,712 shares through its at-the-market equity program.

Strategy expanded its Bitcoin reserves by purchasing 3,459 BTC worth $285.8 Million between April 7 and 13, 2025. The acquisition raised the company’s total Bitcoin holdings to 531,644 BTC. This further strengthened its position as the largest corporate Bitcoin holder.

The move highlighted a strong commitment to its established digital asset strategy. This persists despite market fluctuations and changing economic conditions.

Bitcoin Price Boosts Strategy Stock Value

Strategy completed the latest Bitcoin acquisition using proceeds from its active at-the-market (ATM) equity offering program. MSTR stock issuance totaled 959,712 shares for $285.7 million, which financed the recent acquisition.

This transaction marks a continuation of the firm’s structured approach to Bitcoin accumulation through capital markets.

MSTR price
MSTR price | Source: Google Finance

The average price for this tranche of Bitcoin was $82,618 per BTC, aligning with recent market conditions. The company released this information to the Securities and Exchange Commission via a filing format.

Strategy still has access to $2.08 Billion in funding through its Common ATM program for future purchases. This acquisition reinforces Strategy’s systematic Bitcoin investment strategy, which relies on equity financing rather than debt.

The company selects strategic accumulation based on extended periods instead of engaging in fleeting market timing approaches. Using a transparent funding mechanism, Strategy continues to position itself as a corporate leader in digital asset holdings.

The announcement contributed to renewed momentum in the market as Strategy’s stock moved higher in pre-market trading. Share prices for MSTR rose by over 3% following the disclosure of purchases.

The stock maintained a trading value near $310. This uptick aligns with the Bitcoin price reaching a local high near $85,787 before settling slightly lower.

BTC Price Holds Steady Above $85K

Bitcoin was trading at $85,117, up 1.68% on the day, showing a moderate recovery from earlier declines. During March, the market became highly volatile, causing Bitcoin prices to drop below $80,000 before stabilizing.

The price movement suggested temporary stabilization with developing market demand. Price technical indicators showed momentum for Bitcoin, generating neutral and positive signals about an active bullish trend.

Market data shows increased buying pressure as the Relative Strength Index measures 52.87 points. This was significantly higher than its moving average of 45.58. This measure showed potential buyers are stepping up to purchase Bitcoin but have yet to reach an overbought state.

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

The Moving Average Convergence Divergence analysis indicated a positive histogram value of 562 and an upward trend through its movement. The MACD line has reached -588, and the signal line has reached -1,150. That’s why., it indicated initial signs of trend transformation.

Even though the figures stay negative, they become stronger due to the positive trend highlighted by the histogram. Weak recent market highs emerged from the Aroon indicators, where Aroon Up was 14.29%, yet Aroon Down stood at 50.00%

According to the lower value of the Aroon Up metric, a strong upward pattern has not yet begun to form. The downward trend in the Aroon Down percentage indicated weaker bearish power in the current market period.

Schiff Criticizes Strategy’s BTC Approach

Strategy’s CEO, Michael Saylor, continues to lead the company’s assertive strategy, unwaveringly focusing on long-term Bitcoin accumulation. The persistent investment method has motivated different institutions to reevaluate digital assets as part of their corporate portfolio management strategies.

The strategy highlighted long-term planning over reactionary moves, supporting a disciplined financial framework. With an average purchase price of $67,556 per coin, the company’s total Bitcoin holdings are currently valued at about $35.92 Billion.

Because of dollar-cost averaging’s effectiveness, the investment value stands at 25% above the original purchase price. The company stands out because of its clear and substantial Bitcoin investment strategy.

Douglas A. Petty and his firm face ongoing criticism from economist Peter Schiff. Schiff questions both their Bitcoin holding strategy and their market entry timing.

Schiff emphasized that the Strategy’s average cost rises as market fluctuations persist. The author predicted that paper profit gains would disappear if market prices declined, affecting the degree of perceived success.

Bitcoin ETF Demand Crumbles As $713M Vanishes In Just One Week

Jackson Kelley
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0
Bitcoin ETF Demand Crumbles As $713M Vanishes In Just One Week

Key insights:

  • Spot Bitcoin ETFs saw total outflows of $713 million between April 7 and April 12.
  • BlackRock’s iShares Bitcoin Trust faced weekly outflows of $343 Million, even with the Bitcoin price surpassing $84,000 recently.
  • Other major funds, including Fidelity, Invesco Galaxy, and Grayscale, also recorded significant Bitcoin withdrawals during the same period.

Spot Bitcoin exchange-traded funds (ETFs) faced major capital outflows over the past week. This signaled a potential cooling in demand. Data from CryptoQuant and ETF issuers showed that $713 Million exited these financial products between April 7 and April 12.

bitcoin spot
Source: X

Steep withdrawals from major funds like BlackRock and Fidelity highlighted a declining trend. This signaled reduced engagement despite the recent price gains of BTC.

BlackRock Leads Bitcoin ETF Capital Outflows

BlackRock’s iShares Bitcoin Trust (IBIT) saw the biggest weekly outflow. Between April 7 and April 12, $343 million exited the fund. This occurred even though Bitcoin surged more than 11% within days, pushing prices above $84,000 by midweek.

The high price gains failed to attract continuous fund deposits because institutions remained reluctant to invest. Even though BlackRock did not lose BTC for the week, its operations resulted in the overall decline of BTC capital.

On that specific day, all total Bitcoin withdrawals from Fidelity Invesco Galaxy and Grayscale surpassed hundreds of Bitcoin units. The withdrawals significantly reduced the overall ETF outflows for the week, which degraded expectations about fund growth.

BTC price
Source: X

Analysts cite macroeconomic instability and tightening monetary conditions as key reasons behind the recent sell-off in Bitcoin ETF shares.

Organizations have adjusted their risk portfolio allocations due to growing concerns about inflation rates. These adjustments also reflect fears of potential recession scenarios.

Bitcoin ETFs See Sharp Weekly Outflows

Spot Bitcoin ETFs, launched with much anticipation last year, initially attracted billions in inflows from institutions and asset managers. Market participants have reduced their inflows for Bitcoin since global economic changes made them rethink their investment plans.

Fund assets experienced such substantial loss that several large funds now demonstrate net withdrawals. On April 11, $200 Million exited the spot ETF products through multiple issuer platforms by removing 2,359 BTC from their funds.

BTC withdrawal from Fidelity reached 938, while Invesco Galaxy lost 578 coins, and Grayscale suffered 419 coins flowing out. The established figures indicate a sudden change in trend for the week, contrasting past accumulation stages.

Despite these losses, Bitcoin prices remained resilient throughout the week, showing little immediate impact from ETF capital movements. Market sentiment around Bitcoin remained optimistic, even with the ETF movement.

Investors sustain their bullish stance through various alternative demand channels. The continuous withdrawals indicate that substantial investors are reluctant to participate in short-term markets.

Bitcoin Futures Surge as ETFs Decline

While spot ETF activity cooled, the BTC futures market saw renewed strength, with Open Interest (OI) climbing above $80 Billion. The rise highlighted that more investors are turning to leveraged products.

This shift reflected a growing preference for short-term trading over long-term asset management. The market data suggested investors are earning profit from price shifts instead of holding onto ETFs for extended periods.

bitcoin price
BTC OI | Source: Coinglass

Bitcoin upward trend in the fourth quarter of 2024 caused futures Open Interest to align with the price increases. This movement also contributed to improved market liquidity and higher volatility.

The market momentum continues to be shaped by derivatives instruments into April 2025. Futures market activity growth will counterbalance the lower popularity of ETFs.

Market experts identify macroeconomic situations and policy expectations as fundamental factors driving the spot-to-futures movement. Traders prefer flexible exposure because of the ongoing uncertainties regarding inflation rates, interest rates, and geopolitical risks.

Bitcoin Supply Drops as Cold Storage Rises

On-chain spot market data reveals that large BTC holders are continuing their buying activities when ETFs experience outflows.

Exchange cryptocurrency transfers have shifted from positive netflow to negative. This change is driven by investor withdrawals exceeding $600 million in consecutive transactions. The established pattern signifies that BTC owners transfer their coins to offline cold storage for extended periods.

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

Since February 2025, Bitcoin holders have consistently moved funds away from trading platforms. This reflects their growing confidence in the cryptocurrency’s long-term value.

The reduction in supply due to these trading platform movements generally leads to market price increases. Core market participants demonstrate their confidence through ongoing BTC withdrawals.

ETF transactions indicate that institutional investors are decreasing their interest. Still, market activity signaled asset acquisitions alongside market protection measures.

ETF activity differs from spot market behavior because the market tends to show short-term uncertainty and long-term optimism. Bitcoin might show its dual nature in the upcoming months.

Peter Schiff Drops Bombshell: Bitcoin In ‘Major Bear Market’ Now

Jackson Kelley
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0
Peter Schiff Drops Bombshell: Bitcoin In ‘Major Bear Market’ Now

Key Insights:

  • Peter Schiff has stated that Bitcoin is now in a major bear market based on its underperformance against gold.
  • Since November 2021, Bitcoin has lost 30 percent of its value when measured in gold despite positive market developments.
  • Schiff argues that Bitcoin does not behave like a store of value but trades like a high-risk speculative asset.

Peter Schiff, a persistent Bitcoin skeptic, has criticized BTC again. He asserted that cryptocurrency is currently experiencing a significant bear market.

Schiff based his remarks on Bitcoin’s sharp underperformance against gold since its all-time high in November 2021. He pointed out that Bitcoin has lost 30% of its value when measured in gold, despite several bullish developments.

While institutional interest and regulatory support have increased, BTC price has failed to show corresponding gains against gold.

Schiff argues that this undermines the “digital gold” narrative promoted by crypto advocates and institutions. His statements come amid visible losses in high-profile Bitcoin acquisitions, including recent purchases by Strategy.

Performance of Bitcoin Against Gold Raises Fresh Doubts

According to Peter Schiff, BTC has experienced continuous price depreciation against gold in the last few years. Since November 2021, Bitcoin has faced notable market losses. This happened despite ETF approvals, and institutions have started to adopt cryptocurrency.

As per Schiff, this financial pattern creates an opposing relationship between the typical Bitcoin and physical gold comparisons.

MSTR
Source: X

Some of Bitcoin’s public support includes claiming that cryptocurrency is an up-to-date way to preserve wealth. According to Schiff, current market data speaks against this assertion.

Bitcoin demonstrates its characteristics as a speculative technology investment rather than a dependable hedge instrument. According to Schiff, Bitcoin price patterns resemble those of speculative, high-risk equity markets.

The expert noted that gold maintains stability during market fluctuations, while Bitcoin suffers considerable price drops. Due to this price movement, Schiff believes the asset classification as low risk faces challenges.

Strategy Faces Losses Amid Aggressive Bitcoin Bets

Strategy, under CEO Michael Saylor, advocates for BTC and has experienced challenges because Bitcoin’s value has decreased.

The company purchased its Bitcoin in March 2025, securing 22,048 BTC units at $86,969 each. Since then, the company’s $1.92B Bitcoin investment has decreased by approximately 5.08%, or $97 million.

During February 2025, Strategy suffered especially significant financial losses beyond what they had experienced. Strategy purchased 20,356 bitcoins on February 24 for $97,514 per coin, and they experienced a decrease of 15.44%.

A drop amounting to $307 million exceeds the current worth of Bitcoin acquired in that transaction alone. BTC purchase made on February 10, totaling 7,633 coins at $97,255, has resulted in a 15.01% loss.

The price drop resulted in a $111 Million investment loss on this transaction. The company has maintained a small profit on its March 17 acquisition of 130 bitcoins at $67,382.

Peter Schiff Questions Bitcoin’s Safe Haven Role

Peter Schiff argues that BTC fails to meet its branding as “digital gold.” He provides evidence suggesting it does not function effectively as a safe store of value.

He argues that Bitcoin’s performance during the economic downturn reveals its shortcomings. If it were a reliable protective asset, he claims, it would have demonstrated greater resilience. When measured against Bitcoin, gold demonstrates contrasting performance.

bitcoin
Source: X

Schiff condemns investors who maintain a wrong assumption about Bitcoin as a secure investment asset. According to him, BTC functions like a speculative stock rather than a defensive investment. The high level of price volatility impedes its suitability for strategic reserves.

Schiff expressed doubts about why institutions purchase this unstable investment. According to Schiff, the value of strategic reserves should remain consistent while being predictable.

The unpredictable price variations of Bitcoin make him doubt its worth as a strategic reserve, according to his viewpoint.

Schiff Urges Rethink of Bitcoin’s Investment Role

Peter Schiff attacked Bitcoin on two fronts: evaluating its price movements and challenging its classification as an asset. According to his assessment, the lack of income generation and ownership in productive enterprises makes Bitcoin unable to sustain high value.

In his opinion, investors must weigh the justification for maintaining their Bitcoin investments. According to Schiff, Bitcoin attracts purchasers mainly because individuals sense widespread market positivity and readiness to take risks.

Such characteristics make BTC function similarly to momentum-based assets, which diverge from traditional hedging instruments. Schiff presented that Bitcoin does not possess essential qualities that constitute safe-haven assets.

He demanded that institutions show evidence of investment decisions regarding this volatile commodity class. The gold-like properties of Bitcoin fail to match the standards needed to earn its classification as “digital gold.”

Strategy’s Bitcoin Strategy Faces Mounting Pressure

Despite mounting paper losses, Strategy’s continued Bitcoin purchases have triggered growing concerns among investors and analysts. All significant investments acquired by the company since February 2025 have shown negative performance in April 2025.

The substantial amounts of Bitcoin ownership and significant losses led firms to accumulate renewed inquiries. The large purchase of 22,048 BTC at $86,969 on March 31 represents the biggest deal and has depreciated by 5.08%.

February 24’s largest Bitcoin purchase resulted in the firm’s biggest loss. A 15.44% decline affected the 20,356 BTC acquired on that date. These transactions have caused the firm to suffer a paper loss of more than $500 Million.

The price of BTC has decreased during this period. However, positive market developments like ETF approvals and corporate adoption typically support Bitcoin’s market value.

Based on his analysis, Schiff maintains that Bitcoin has lost its institutional support based on the observed decreases in Bitcoin investments. According to Schiff, Bitcoin’s decay has removed its investment potential.

Institutional Optimism Fails to Offset Declining Value

Bitcoin’s recent downturn in a market environment with promising characteristics provoked uncertainty regarding its enduring stability. Bitcoin has struggled to capitalize on positive market conditions.

Despite presidential support for cryptocurrency and innovative financial systems, its performance remains unimpressive. Bitcoin is still under downward market pressure even as Strategy and other businesses expand their leveraged acquisitions.

Peter Schiff uses this mismatch to demonstrate significant shortcomings within the Bitcoin theory. In his opinion, Bitcoin’s decreasing value appeal remains despite its institutional backing.

$456M Diverted? Justin Sun Claims Address Swap In FDT Scandal

Anuj Bhor
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0
$456M Diverted? Justin Sun Claims Address Swap In FDT Scandal

Key Insights:

  • Justin Sun has accused First Digital Trust of diverting $456M, which was meant for investment in a Cayman Islands fund.
  • Sun claimed the funds were instead sent to a Dubai-based company with a similar name controlled by a related party.
  • He compared the alleged act to a blockchain-style “address replacement” attack used to misdirect digital assets.

Justin Sun has accused Hong Kong-based custodian First Digital Trust (FDT) of orchestrating a $456 Million fund diversion. 

The founder of TRON outlined an alleged scheme involving misdirected investments, secret accounts, and kickbacks. The dispute has escalated into a legal battle, with both sides taking firm positions and filing lawsuits.

Justin Sun Alleges Address Swap Tactic in Fraud

According to Sun, the controversy centers around a transfer meant for a Cayman Islands mutual fund. In his Congressional testimony, Justin Sun stated that funds were transferred to a Cayman Islands mutual fund. 

He revealed that these funds were then redirected to an entity in Dubai with a different name. Blockchain thefts typically result in “address replacement” incidents, as he established during this investigation.

His understanding of the matter came from the similarities between Aria Capital Management Ltd. and Aria Commodities DMCC. The writer determines that unauthorized personnel received funds from a third business owner while under their influence. 

The diversion of funds became possible due to a slight modification between the intended and actual payment recipients. According to Justin Sun, the $456 Million was designated for a Cayman Islands fund Brittain operated. 

Brittain’s wife, Cecilia, was linked to the Dubai entity that received the funds. This differed from the expected recipient, a Cayman Islands fund overseen by Matthew Brittain. He described this deceptive practice as intentionally deceiving stakeholders and avoiding oversight.

Sun describes the fraud as an organized scheme that internal company personnel might have mounted. 

TRON founder maintains that FDT management joined actively in running the transaction procedures. Justin Sun stated that FDT senior executives violated their duty to safeguard client assets.

FDT Leadership Named in Secret Kickback Scheme

Sun exposed others besides Teng for involvement in various scandals during his allegations. Justin Sun identified three individuals involved in the fraudulent scheme: FDT CEO Vincent Chok, Yai Sukonthabhund, and Alex De Lorraine. 

They reportedly received substantial kickback payments as part of the operation. Vincent Chok admitted to overseeing over $15.5 Million in transfers to a concealed account. This acknowledgment came from his statement regarding the operation.

Sun claimed that the Glassdoor account operated by Hong Kong was used to mask income. Aria DMCC was the financial source of the undisclosed funds he alleged were illegally obtained.

The evidence suggests FDT leaders were fully aware of and motivated personally by their alleged fund theft. Sun claimed the leadership intentionally made this transfer to generate profit for a restricted group. 

Justin Sun employed the naming correlation between the entities to demonstrate the existence of deception. These techniques achieve their goal by hiding behind minor variations to deceive people. His belief expressed a resemblance between this method and crypto-related address manipulations.

According to his description, the trusted financial operators took measured risks through this method. Traditional systems have allowed what Sun considers to be digital-style fraudulent execution, according to his belief. According to him, the internal checks failed because employees who operated as insiders chose to ignore them.

Justin Sun Launches $50M TUSD Recovery Plan

First Digital Trust decided to pursue legal proceedings in Hong Kong after public statements of accusation against the company were published. First Digital Trust submitted a defamation lawsuit to the courts, which included a court order request. 

According to FDT, Sun falsified the information, harming the company’s reputation. Both custodians denied any misconduct in their business tasks while insisting on complete business solvency. 

The company defended its financial state by arguing its misrepresentation alongside wrongful accusations against its honorable staff members. FDT asserted its stance using the legal system and stressed the importance of transparency.

The firm’s legal representatives declared that Sun’s public statements caused market confidence to wane. Sun’s posts about FDUSD briefly deviated from its peg, drawing more attention to the situation. The stablecoin reversed its deprecation, and its value reached $0.9987 when the latest updates occurred.

The Recovery plan did not faze Sun as his organization continued its momentum. The money offer amounted to $50 Million to find and restore all missing funds from TUSD reserves. 

According to Justin Sun, the process would stabilize stablecoin trust by promoting transparency and building stability in the token.

Dogecoin Eyes $1 After Rebound—Is A New All-Time High Coming

Jackson Kelley
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0
Dogecoin Eyes $1 After Rebound—Is A New All-Time High Coming

Key Insights:

  • Dogecoin has reversed its multi-month downtrend and reclaimed a key breakdown at $0.153.
  • The recent rebound sparked speculations that DOGE may have reached its bottom before a potential rally.
  • Market analysts believe this price action could begin a sustained upward trend for DOGE price.

Dogecoin has reversed its months-long downtrend. It now shows early signs of a potential recovery. The memecoin reclaimed a critical breakdown level and triggered speculations of a broader price rally. Analysts and market watchers are now weighing the likelihood of a new all-time high before June.

Dogecoin Reclaims a Key Breakdown Level Amid Renewed Bullish Sentiment

Dogecoin price movement has shifted after reclaiming a previous breakdown level at $0.15300. After this development, the price rebound pushed to double-digit morning gains. This recovery has sparked discussions that the DOGE crypto price may have formed a solid bottom.

Market conditions maintained bearish tones starting in January 2025, during which the meme coin experienced three major breakdowns before reclaiming its lost support levels. These new price movements indicate a possible closure of the extended bear market span. Market experts attribute this to the potential ongoing development of a sustainable market trend.

doge price
Source: X

Trader Tardigrade identified the rebound as DOGE’s first significant support reclaim since the start of the year. Since buying demand has started strengthening, Dogecoin prices may rise in future weeks. The recent fast recovery proves that DOGE possesses endurance despite its past repetitive breakdowns.

Analysts Predict Dogecoin Recovery Ahead of ETF Catalysts

Despite current resistance levels, Market analysts are optimistic about DOGE’s short-term outlook. Expert analysts anticipate that Dogecoin can advance further as it approaches fresh record levels. The growing momentum in the market gains additional support from increased discourse about ETF developments.

Master Kenobi expects DOGE to reach a new all-time high by early June, citing strong reversal patterns and support reclaim. This optimism aligns with emerging trends and suggests Dogecoin has already bottomed out. Several analysts agree that DOGE’s downside potential now appears limited.

dogecoin price
Source: X

Fundamental factors are also contributing to this improved outlook. 21Shares has filed for a spot Dogecoin ETF, which triggered increased interest from institutional investors. A previous ETP collaboration between 21Shares and House of Doge supports confidence in future listings.

Technical Indicators Show Mixed Signals Amid Ongoing Bearish Pressure

Despite the recent rebound, DOGE remained under mild bearish pressure based on its technical indicators. When writing, DOGE’s market value was $0.154 after falling by approximately 4 percent during the day. The token rested beneath key Fibonacci levels, where $0.147 was the support level.

DOGE price kept trading within a downward channel that started in mid-December 2024. The token has consistently resisted breaking through its resistance points, and these attempts have never succeeded. Technical indicators showed mixed signals about the recent price improvements, which could not permanently transform the market direction.

doge usd
DOGE/USD 24-hour Price Chart | Source: TradingView

The Relative Strength Index (RSI) was at 41.70, continuing to stay below the central value of 50. Current evidence showed diminishing demand, although price recovery happens occasionally. The Aroon indicator displayed an Aroon Down value of 78.57% together with an Aroon Up value of 0%, which indicates dominant bearish momentum.

Futures Market Sentiment Reflects Caution Among Derivatives Traders

Market participants who trade derivatives continue to approach their positions with caution based on funding rates and Open Interest (OI) data. Recent weeks have introduced negative and positive trends to funding rates after their positive stance during late 2024. 

The market signals higher uncertainties through shifting value indicators. That indicates decreased buy-side interest in prolonged investments.

doge price
DOGE OI Source: Coinglass

The funding rates experienced negative moments in February and March, demonstrating bearish market sentiment during major selling periods. The observed neutral funding rates might suggest lower market turbulence and weak interest in purchasing. The recent market rally has thus far failed to impact the general perception of investors toward futures.

Open Interest shows little change because traders prefer waiting for concrete signals to start new position setups. Trader participation levels have remained flat, which is additional evidence supporting traders’ remaining in a conservative state. Market players choose to remain inactive until the market produces more conclusive signals.

As Dogecoin eyes the $1 mark, market momentum needs to build further for the price to break above resistance. The token must successfully navigate important areas and keep up the momentum to prove its worth to a broad audience. The first move is to recover from previous breakdown positions; however, additional verification remains essential.

Coinbase CLO Slams FDIC as Delay Tactics Stall FOIA Lawsuit

Josh Alba
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0
Coinbase CLO Slams FDIC as Delay Tactics Stall FOIA Lawsuit

Key Insights :

  • Coinbase is in a legal battle with the FDIC over delayed responses to a FOIA request.
  • The FDIC requested 16 more days to respond despite missing multiple court-imposed deadlines.
  • Coinbase filed the FOIA request through History Associates to obtain records on FDIC actions against crypto banking.

The legal dispute between Coinbase and the FDIC has escalated further. The intensification followed delays in the agency’s response to a FOIA request.

The exchange accused the federal regulator of using stalling tactics after failing to meet multiple court-ordered deadlines. This growing dispute underscored mounting tensions over transparency between crypto firms and U.S. regulatory agencies.

Coinbase CLO Criticizes FDIC Secrecy

Judicial authorities granted the FDIC an extension of sixteen days to respond to Coinbase’s FOIA petition. This decision comes from the U.S. District Court for the District of Columbia.

The agency defied court-set deadlines, which raised skepticism among Coinbase’s legal advisers and company staff. The core aspect of the lawsuit consists of claims about the FDIC using actions to exclude crypto companies from banking solutions.

FDICgov
Source: X

Coinbase, via History Associates, submitted a FOIA request for records detailing FDIC efforts to hinder crypto banking services. This move reflected its intent to uncover regulatory actions affecting the crypto industry.

The firm maintained that the regulator prevents legitimate FOIA-based data acquisition efforts directed at receiving essential information. Despite a previous legal mandate, the Federal Deposit Insurance Corporation persists in withholding essential documents, according to Coinbase.

In Coinbase CLO Paul Grewal’s assessment, the suspicious pattern represents a calculated effort to prevent transparency regarding important information. The available documents the FDIC shared were marked as private, so the content value was minimal, according to him. 

Grewal’s statement showed increased discontent regarding the FDIC’s refusal to take the FOIA requirements seriously.

Coinbase Criticizes Heavily Redacted Disclosures

The documents the FDIC released were so redacted that Coinbase could not derive any substantial insight from them. As per a statement by Grewal and co-counsel Jonathan C. Bond, these redacted documents violate fundamental FOIA purposes. 

The FDIC encountered accusations of avoiding transparency despite receiving court instructions to cooperate. The agency’s conduct against Coinbase violates Freedom of Information Act requirements by obstructing timely and meaningful public records disclosure processes. 

According to the company, fair regulatory norms are disrupted by the FDIC’s actions. Federal transparency laws require the firm to deny all attempts at resistance.

Coinbase formally objected to the FDIC in March 2025 over its opaque redacting practices. This displayed nonconformity with the court-established conditions. The released material proved inefficient because censorship measures eliminated almost every piece of information.

Coinbase maintains that the FDIC’s lack of transparency obstructs a fair review of its role in restricting banking services for crypto companies. This stance emphasizes concerns over regulatory clarity in the crypto sector.

Operation Choke Point 2.0 Sparks Clash

The dispute focuses heavily on Operation Choke Point 2.0 records, which Coinbase believes involves targeted actions against crypto firms. The company believes regulators and the FDIC compelled financial institutions to cut off their services to digital asset businesses. 

Coinbase maintained that records play a crucial role in protecting their industry rights. Coinbase’s loss in court could impact how government agencies handle FOIA requests. This may influence the transparency of regulatory actions toward crypto businesses.

The legal victory in such cases will establish regulations for better transparency during industry interactions with regulators. After a legal win, other digital companies might follow the same method to demand accountability.

Per Coinbase, the FOIA procedures have become susceptible to manipulation, limiting necessary information access.

According to the firm, federal regulators should receive no protection from inspection because they use extended redactions and continual document delays. The method creates unfair competition for cryptocurrency market participants in the United States financial system.

Judge Rejects SEC Delay in Lawsuit

Coinbase is also pursuing another FOIA lawsuit against the SEC for withholding records tied to crypto enforcement. The firm argues that the SEC utilized public tax funds to finance multiple crackdowns on digital asset businesses. 

Coinbase fights to obtain all associated financial documentation supporting the enforcement measures regulators took against companies. Judge Ana Reyes rejected the SEC’s request for an extension on March 28, 2025. She also issued a warning about possible sanctions against the agency.

The April 11 deadline has been set as the mandatory date for the agency to produce all requested documents. This decision was a major legal success for Coinbase regarding its fight for increased government transparency.

The company observes SEC performance closely under the court order while warning that more delay might lead to fresh legal measures. The legal members of Coinbase maintain that complete disclosure is a necessary safeguard to protect American digital asset innovations. 

Under FOIA statutes, the exchange anticipates that federal regulators will operate within the law and fulfill their imposed obligations.

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