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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.

NY AG Warns Congress: Tether May Threaten U.S. Dollar Dominance

Anuj Bhor
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0
NY AG Warns Congress: Tether May Threaten U.S. Dollar Dominance

Key Insights:

  • New York Attorney General Letitia James urged Congress to regulate stablecoins issued by foreign companies like Tether.
  • She emphasized the need for stablecoins to be backed one-to-one by U.S. dollars or treasuries and held in U.S.-regulated banks.
  • James warned that Tether’s extensive holdings in U.S. treasuries could pose risks to financial markets during high redemptions.

New York Attorney General Letitia James has urged Congress to tighten control over foreign-issued stablecoins like Tether.

She cautioned that allowing unregulated foreign issuers could harm U.S. economic stability and weaken the dollar’s global position.

Her letter comes amid growing concerns about digital assets and their potential impact on traditional financial systems.

Tether’s Structure Sparks Dollar Dominance Concerns

Letitia James highlighted that Tether operates without direct U.S. facilities, making it challenging for regulators to oversee the stablecoin provider.

Bitcoin and precious metals are among the assets backing Tether’s USDT token, while the dollar equivalents typically used for backing are not exclusive.

The combination of assets creates instability for market participants throughout volatile periods until the rapid redemption period ends.

James emphasized that widespread, fast withdrawals of stablecoins in overstressed markets would adversely affect the treasury market.

She demonstrated how Tether’s mass selling of U.S. Treasury bills might significantly impair American debt markets.

The risk grows substantially because Tether maintains $94.5 Billion in U.S. treasuries.

According to James, when Tether makes hasty withdrawals from its treasury holdings, it could harm the liquidity of the U.S. financial framework.

Tether established its headquarters in El Salvador to relocate from U.S. jurisdiction.

By moving its headquarters to El Salvador, Tether increased worries regarding its accountability mechanisms and operational transparency.

AG Calls For Onshoring and Regulation of Stablecoins

AG James called on lawmakers to mandate that all stablecoins circulating in the U.S. be backed one-to-one by dollars or treasuries.

As per Letitia James, issuers establish operations out of U.S. locations while being fully regulated under state and federal oversight.

According to her correspondence, reserves must be kept safe at banks operating under U.S. regulatory authority to prevent international control.

The document argued that foreign stablecoins presented critical system-wide dangers; therefore, Congress should handle them in current stablecoin legislation.

Information controls must exist to sustain trust in U.S. dollars and financial institutions operating domestically.

Tether’s structure stands apart from these guidelines mainly because its diverse reserve composition lacks complete U.S. legal transparency.

Like previous investigations, the New York regulators accused Tether of presenting false information regarding its reserve assets in 2021.

According to James, the protection of financial stability requires Congress to fill gaps in digital asset regulation while developing the new legislation.

Circle’s Compliance Sets an Industry Example

USDC’s issuer, Circle, performs its operations under U.S. regulatory authorities while keeping the majority of its funds in dollar holdings and treasury bills.

Circle’s operational structure best fits James’s model by establishing itself as a safer dollar-backed digital asset choice.

The company maintains its U.S. presence to guarantee compliance with federal financial regulations and accountability.

Circle’s domestic oversight and public financial reporting process create steady public trust in its reserve system.

According to Circle’s operational model, stablecoins can function properly within the laws of the United States.

Circle’s approach to regulation functions as a blueprint for upcoming stablecoin solution providers who aim to establish long-term market reliability.

When discussing Circle’s model, James creates distinction through her examination of Tether’s foreign operations.

The approach taken by Circle supports policymakers’ view of it as a responsible innovation that aligns with national financial interests.

Unregulated Crypto Poses National Security Risks

James notified Congress about an impending danger that Bitcoin and similar cryptocurrencies presented to the supremacy of the U.S. dollar.

In her letter to Congress, she explained how Bitcoin allows value transfers without bank involvement, thus posing a threat to established financial infrastructure.

Unregulated changes like this one may affect U.S. economic power.

When combined with foreign stablecoins, Bitcoin’s decentralized system and unregulated manner create security issues regarding the nation’s defense establishment.

James explained that the dollar’s dominant status enables people worldwide to depend on American institutions.

The absence of regulatory oversight for digital currencies threatens trust between people and financial institutions, the AG noted.

According to James, she advised politicians to handle digital assets with care through established guidelines aimed at safeguarding U.S. economic stability.

In her view, the dollar’s status as the worldwide monetary priority remains essential for lasting fiscal protection.

Treasury Plans Review of Crypto Regulations

Treasury Secretary Scott Bessent announced a renewed effort to review blockchain and stablecoin regulations to encourage innovation while ensuring safety.

According to Bessent’s statements, the government is working to remove technical obstacles that do not impact economic stability.

The review regimen fundamentally safeguards consumer rights and, therefore, protects the nation’s essential financial obligations.

https://twitter.com/CarlBMenger/status/1909993952247243229

Congress must choose between supporting new technological growth or preserving established economic institutions as its next decisive act.

A balanced regulatory system enables both national goals to succeed independently of key national priorities.

Bitcoin Tests Key Support at $80K Amid Volume Surges & CME Gaps

Jackson Kelley
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0
Bitcoin Tests Key Support at $80K Amid Volume Surges & CME Gaps

Key Highlights:

  • Bitcoin is back under $80K; it tested its 50-week SMA and market structure.
  • Volume spikes suggest buyer strength as VWAP sits near $79.2K.
  • CME gap at $85.2K remains open as the price eyes key resistance levels.

Bitcoin has printed a second strong bullish candle. However, it now hangs on to the 50-week support zone. BTC is nearing a significant market structure and approaching the open CME gap at $85,245, reflecting intensified market activity. 

The surge in trading volume highlighted the test of key price levels. This signaled potential shifts in price dynamics.

Support for Bitcoin Seen Near $69,500 on Mayer Multiple Chart

Glassnode’s Mayer Multiple chart provided a long-term view of Bitcoin price concerning its 200-day moving average (200DMA). 

At the time of writing, BTC was trading at $79,510.28, while the 200D MA was at $85,067. This indicates that Bitcoin is still below a significant trend resistance.

bitcoin price
Bitcoin Mayer multiple | Source: Glassnode

Support was near $69,519, the 0.8 oscillator band in the chart. The red upper band, the 2.4 oscillator, suggested a top in the works near $208,557. 

In the past, when Bitcoin traded close to the lower oscillator (0.8), it was supported and recovered. Bitcoin has so far been contained within these bands, which may be a guide to future price action.

The Mayer Multiple itself is the current price divided by the 200DMA. It helps to show when Bitcoin is overbought or oversold relative to long-term trends. 

As the price is below the 200DMA, the market could still be in a consolidation phase. Also, a move above the 200DMA could indicate renewed strength.

Volume Spikes and VWAP Fluctuations Signal Active Buying

Meanwhile, CryptoQuant’s VWAP and 24-hour price change chart indicate that April has returned to active trading. Bitcoin printed two bullish “mega candles” with high volume on two separate occasions, marked as #1 and #2. 

The orange bars above the 240K BTC mark were the first spike. This spike came around April 7th and another one around April 10.

Bitcoin VWAP and 24h change analysis
Bitcoin VWAP and 24h change analysis | Source: CryptoQuant

During these moves, Bitcoin moved from a low of nearly $74,900 to a short-term high of $83,500. The VWAP (Volume Weighted Average Price) is the blue dashed line sitting near $79,200. 

As VWAP is a measure of average price based on volume and price, trading above it usually means buyers are in control. The volume surges and sharp price recoveries imply buyers are actively near current prices. 

More support is needed if the price remains above VWAP and the volume is high. However, traders may wait for a lower entry or confirmation of trend continuation if volume weakens.

BTC Battles Major Support—A Break Could Bring 2-Year Trendline Into Focus

Moreover, Bitcoin’s current price action tests the 50-week Simple Moving Average (SMA), a central long-term trend line. According to Titan of Crypto’s analysis, the token is also close to an area of past market structure. 

Source: Titan of Crypto/ X

This is the support structure that was created by previous price tops. Long-term investors may be encouraged to buy further if the 50-week SMA holds. 

If Bitcoin price drops below this level, the 2-year trend line becomes a key area to monitor. Another crucial zone is the lower edge of the Ichimoku Kumo Cloud.

The Kumo Cloud can be both support and resistance, depending on the price trajectory. A deeper pullback or longer consolidation may result from a breakdown into the cloud.

CME Futures Gaps Provide Short-Term Price Targets

Furthermore, Titan of Crypto also has another chart showing Bitcoin’s CME Futures price gaps. These gaps are created when Bitcoin closes at one price and opens higher or lower the next trading day. 

The chart showed one gap, nearly $82,300, that has been filled. However, there was another gap that is still open at $85,245.

bitcoin usd
Source: Titan of Crypto/ X

Markets tend to ‘fill’ these gaps by revisiting those levels, and these gaps often attract price. Resistance could be found if the price gets here unless volume and momentum are substantial.

Futures gaps do not always fill immediately, but many traders watch them as essential levels. This could be a move toward $85,245. It aligns with the resistance from the 200DMA mentioned earlier, a critical zone in the short term.

Ethereum OG Sells After 2 Years—Is A Bigger Crash Incoming

Josh Alba
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Ethereum OG Sells After 2 Years—Is A Bigger Crash Incoming

Key Insights :

  • An early Ethereum adopter sold over 10,000 ETH after two years of wallet inactivity, raising market concerns.
  • The transaction amounted to approximately $16.86 million at an average price of $1,576 per ETH.
  • The seller originally acquired the ETH in 2016, when the price was only $8 per token.

An Ethereum early adopter has sold over 10,000 ETH, triggering concerns across the crypto market. Blockchain analytics platform Lookonchain reported this major move alongside several other large Ethereum transactions. It comes during a period of increased volatility, declining network activity, and negative sentiment among some investors.

Ethereum Whale Sells $45 Million in ETH

A major Ethereum holder sold 28,999 ETH worth about $45.2 million, according to Lookonchain. The ETH coin holder conducted the sale as a debt repayment mechanism at an average rate of $1,559 per ERC-20 token. The whale transaction carried great weight because of its extensive size, which could affect market sentiment.

Source: X

Due to their size, large whale operations can affect both market price actions and upcoming trends. Market pressure on Ethereum’s price grew stronger due to this particular sale. Traders paid close attention to additional whale transactions because Ethereum was unable to sustain prices higher than $1,500.

Lookonchain documented multiple strange transactions related to Ethereum during that same timeframe. Several transactions originated from earlier dormant wallets while the funds moved toward decentralized lending interfaces. 

Those transaction patterns made investors question how much faith their peers had in Ethereum and its potential short-term performance.

ETH OG Sells 10,702 ETH Profitably

The Ethereum “OG” owner of ETH from 2016 sold 10,702 ETH worth $16.86 million, according to Lookonchain. The average price of $1,576 per ETH led to a profitable transaction, netting nearly $16.86 million from the initial $8 purchase. The wallet remained inactive for two full years before that transaction.

Source: X

The owner of Ethereum had retained their coins since 2016 because they had never sold at market peaks above $4000 per ETH. Since market downturns began, the investors have consistently followed a strategy of selling their holdings. The method used by this investor stands in opposition to traditional peak-time selling methods.

Expert observers raised suspicion about the choice of time for the transaction because this point may reflect bigger market-related factors. When the sale occurred, the marketplace showed decreased network operations and a deteriorating investor attitude. During the time of the sale, the Ethereum token maintained a market value that was lower than the prices recorded in previous periods.

On-Chain Data Signals Ethereum Weakness

The current Ethereum prices remain below the realized price value because it includes the average cost of all existing tokens. The price has typically fallen from 35 to 51 percent when it drops below that measurement point. The current market price might experience further decline under current circumstances.

CryptoBusy established several on-chain indicators that signaled bearish price predictions for Ethereum. During the last two weeks, Ethereum ETFs released $94.1 million from their funds. Institutional buyers seem to reduce their crypto exposure because of rising market doubt.

The decrease in Ethereum’s network activity amounts to 33%, and the transaction count has suffered a reduction of 40.5%. That demonstrates user disengagement from the Ethereum platform. The declining drop in user numbers signals people are moving toward other Level 1 blockchain networks. The market situation might persist at a standstill or drop even lower because of decreased interest.

Technical Indicators Suggest Ethereum Support Forming

Some analysts predict more price declines, while other analysts think the market presents a collection phase. TraderPA declared the present market correction to be a “Golden Opportunity” based on previous Ethereum price behavior. The study demonstrated previous market trends, which indicated robust market recovery periods following significant price decreases.

Source: X

According to Crypto Fella, the market could finish its descent due to technical indicators suggesting support is forming. Market analysts believe that the important price regions support Ethereum’s ongoing assessment. Although they maintain a safe approach, their general outlook on the market remains positive.

Source: X

Various specialists believe the current market conditions are unstable according to their perspective. CryptoBusy presented multiple bearish signals because both funding rates and investor interest were on negative trends. The signals could maintain downward pressure on Ethereum’s currently reducing market value.

Source: X

Kraken Co-Founder Moves Funds

According to recent records, the co-founder Jesse Powell of Kraken transferred 1,501 ETH to both Aave and Compound platforms. The exchange worth $2.46 million took place while sentiment was declining during the same period. The reason behind this transaction remains unknown, even though it happened during large Ethereum funds transfers.

The wallet transactions of Powell set off a series of hypotheses among analysts regarding his insider trading capacity and changing investment portfolio structure. This strategic time frame intensified the existing appraisal of short-term issues affecting Ethereum’s stability. Experts still monitor if large entities like Powell display supplementary indications of their market activities.

World Liberty Financial declared to its investors that they were selling their entire Ethereum token collection, according to official statements. These smaller transactions added to the general decline in institutional confidence, although they were not on the same scale. Market analysts track indications that point to fundamental network changes or temporary movement adjustments between repositioned market participants.

21Shares Unveils DOGE ETP—Will Meme Coin Mania Hit Wall Street

Jackson Kelley
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21Shares Unveils DOGE ETP—Will Meme Coin Mania Hit Wall Street

Key Insights:

  • 21Shares submitted filings to launch a Dogecoin Exchange-Traded Fund in the United States.
  • This DOGE ETF would allow investors to gain indirect exposure to Dogecoin through a regulated financial product.
  • The proposed fund is going to track the CF Dogecoin-Dollar Settlement Price and is awaiting SEC approval.

21Shares has submitted filings to launch a Dogecoin Exchange-Traded Fund (ETF) in the U.S., marking a bold step forward. This move signaled the start of a new chapter for the popular meme coin as it entered traditional financial markets. 

As the regulatory momentum is shifting, Dogecoin could gain legitimacy. Moreover, it could reach a broader base of institutional investors through this DOGE ETF.

Dogecoin ETF Gains Regulatory Momentum

The U.S. Securities and Exchange Commission (SEC) has accepted both the S-1 and 19b-4 forms submitted by 21Shares to list a spot Dogecoin Exchange-Traded Fund. A spot Dogecoin Exchange-Traded Fund needs these official records for approval in the country. 

This DOGE ETF fund’s subscribers can indirectly invest in the meme coin at the CF Dogecoin-Dollar Settlement Price.

This development provides investors an opportunity to access Dogecoin without worrying about digital wallet management and private key administration. This product’s regulated structure is going to enable investors to gain access to DOGE through safe, legal measures. 

Once the ETF gets approval, investors can gain confidence and increase their participation in this marketplace.

When writing, 21Shares is the third company to file for a Dogecoin ETF after Grayscale and Bitwise. The SEC starts its official assessment by accepting submissions 19b-4, which specify proposed regulations. 

The assessment process for cryptocurrency exchange-traded funds (ETFs) extends into an unknown timeframe. Market participants also expect growing support for these products.

Coinbase Chosen as Dogecoin Fund Custodian

21Shares Dogecoin Exchange-Traded Product (ETP) was launched simultaneously with the U.S. Exchange-Traded Fund (ETF) application on the SIX Swiss Exchange. As a result of collaboration with the House of Doge, the new ETP received support from the Dogecoin Foundation. After that, its development was also finalized. 

The ETP is the initial cryptocurrency product to be directly associated with the foundation behind its creation.21Shares achieved global market expansion for Dogecoin by obtaining a listing on the Swiss Exchange for their ETP product. 

The listing has secured regulatory status through Swiss regulation, allowing European investors to access this product. 

Coinbase has been designated as the hedge fund custodian responsible for both the ETP and the proposed U.S. ETF. It will likely enhance institutional investor confidence. 

The security of the exchange platform and higher investor trust result from having major U.S. exchange custody of assets. 21Shares and the House of DOGE are planning promotional work together once the U.S. ETF gets approved.

Dogecoin Shows Bullish Trend, Says Analyst

The cryptocurrency expert Kevin Capital identified positive trends within Dogecoin’s token price charts. A technical resurgence occurred when Dogecoin recovered from its previous position at $0.14. The analyst anticipates these positive market patterns will boost Dogecoin price within the next short period.

doge price
Source: X

The crypto market expanded after political changes. Investors responded optimistically when Former President Trump declared a 90-day temporary delay for tariff implementations. 

Dogecoin, Bitcoin, and Ethereum price surges totaled more than ten percent. This market-wide bullishness elevated Dogecoin beyond 12%. Solana also witnessed a 14% gain in value. 

Kevin Capital reported that cryptocurrency had increased upward before the tariff announcement. The DOGE crypto received additional market strength from the approval process of the DOGE ETF.

Dogecoin ETF Approval Odds Increased Significantly

The SEC’s leadership shift may be key in future ETF approvals, including the one for Dogecoin. Paul Atkins has been confirmed as SEC Chair, with Senate approval secured in a 52-44 vote. Atkins is widely viewed as a cryptocurrency innovation and financial technology supporter.

Under previous leadership, the SEC delayed decisions on several ETF proposals for coins like Litecoin, Solana, and XRP. Those delays created uncertainty around the approval timeline for crypto ETFs. 

However, Atkins’ confirmation may accelerate the review process and increase the chances for approval. Bloomberg analysts estimate that there is a 75% chance that the DOGE ETF will be approved within the year. 

That’s a notable increase in confidence in comparison to earlier forecasts under more cautious leadership. 

Companies are consistently submitting crypto ETF applications. It signals their belief in regulatory progress. 21Shares has not limited its ETF ambitions to Dogecoin alone, expanding its reach into other digital assets. 

Earlier this year, the firm filed for spot ETFs focused on Polkadot (DOT) and XRP. These filings align with broader applications as firms test the SEC’s regulatory stance.

James Seyffart, a Bloomberg analyst, described the recent flood of applications as a strategic move by ETF issuers. With new leadership, companies see an opportunity to introduce diverse crypto products. They are racing to be first to market if regulatory conditions become more favorable.

XRP Price Drops Below $2 While Futures Volume Peaks At $21.6B

Anuj Bhor
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0
XRP Price Drops Below $2 While Futures Volume Peaks At $21.6B

Key Insights:

  • XRP price fell below the $2 mark, signaling increased bearish sentiment in the market.
  • The token is trading at around $1.96 after dropping 4.02% in the past 24 hours.
  • XRP has recorded a 12.51 percent decline year-to-date, placing it in the red for 2025.

XRP price had a turbulent start to April, facing a sharp price drop. A sudden surge followed this in trading activity.

The token broke below the $2 mark, triggering bearish sentiment, while its futures volume soared to a new monthly high. Despite a rise in on-chain metrics, indicators suggest continued market pressure and potential downside ahead.

XRP Price Breaks Below $2 as Bearish Momentum Strengthens

XRP price dropped below the essential $2 mark. This demonstrated growing sell-off momentum and traders’ growing skepticism about market conditions. 

During the previous 24 hours, XRP lost 4.02% of its value when trading at a current market price of $1.96. The token indicated negative yearly performance because it has declined by 12.51% since the beginning of the year.

XRP’s previous resistance has given way to the diminished short-term sentiment that emerged through recent market developments. The heightened market volatility caused traders to make successive daily price declines. 

XRP’s market value decreased by 13.36% during the previous week. This strengthened predictions about its continuous descending trend.

According to technical indicators, trading momentum has changed because XRP stays under its twenty-day average mark of $2.155. The Bollinger Band indicator displays rising market volatility because the lower limit is $1.781. 

The current price range implied that XRP price may fall to additional support levels whenever market sellers intensify.

Futures Volume Reaches $21.6 Billion Following ETF Launch

XRP futures trading volume achieved its highest monthly level on April 8. At that time, it surpassed the amount from Monday by $500 Million at $21.6 Billion.

xrp future
Source: X

Numerous traders started buying the Teucrium 2x XRP ETF when it was launched in the market after its release. Analysts identify the new listing as the main reason behind the sudden increase in volume.

Leveraged ETFs employ derivatives, possibly leading to a dramatic increase in XRP futures market transactions. Recent address data indicated that retail participants mainly drive market activity. 

Institutional participants may be entering, but their involvement remained lower than that of retail consumers. The broader market exposure from XRP provides opportunities for new speculative buying pressure in the XRP asset class.

XRP long/short
XRP long/short | Source: Coinalyze

The heightened volume does not indicate panic selling because holders maintain long futures positions. According to market analysis, the current holding of long positions in the futures market makes up almost 68% of the total positions. 

The current market positioning revealed uneven trader commitment to XRP price decline. This suggests varying sentiments and strategies among participants.

XRP Key Indicators Signal Persistent Weakness Despite On-Chain Growth

The RSI value was recorded at 42.75, signaling neutral-to-bearish market conditions. It also showed signs of weakening momentum and the possibility of downward pressure. The bulls do not control the market since the scoring remained below 50. 

The RSI-based moving average stood at 39.65. This highlighted ongoing bearish signals. Meanwhile, the MACD lines confirmed the bearish outlook, indicating -0.10976 and -0.09547 values. 

The current negative value in the histogram showed no indication of a bullish crossover, thus indicating downtrend persistence. The market stayed cautious because there has been no indication of upcoming short-term price reversals.

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

On-chain metrics reveal that the number of XRP addresses holding at least $1 worth of tokens has reached an all-time high. This surge contradicted professional analysis, highlighting a divergence in market perspectives.

The rising number of market participants demonstrates how retail investors enter the market during price decreases. The positive metric fails to prove an immediate price increase in the market.

XRP Price Faces Pressure Below Key Resistance

The current market condition for XRP presented a high risk. Most technical indicators signal bearish tendencies, and traders predict additional price drops. 

The current market doubt stems from active weakness in crypto assets and stock market performance. A previous rebound attempted during this month proved short-lived. This indicates an upcoming extensive price correction may take place.

The bearish crossover on the MACD and sustained pressure below the 20-day moving average show a lack of buyer support. XRP price faced significant barriers to upward movement if it stayed under the main resistance point of $2.155. 

XRP holder acquisitions suggest enduring interest in the long term. However, that might not shield it from current market threats.

XRP is increasingly likely to experience a sharp price correction. Downward market pressure could push it toward $1.781, aligning with its lower Bollinger Band range. Traders need to pay attention to technical levels and volume patterns to find indications of price recovery.

Bitcoin Bleeds: CryptoQuant Says 1 In 4 Holders Are In The Red

Josh Alba
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0
Bitcoin Bleeds: CryptoQuant Says 1 In 4 Holders Are In The Red

Key Insights:

  • Over 26% of the total Bitcoin supply is currently held at a loss, according to CryptoQuant data.
  • The percentage of Bitcoin in loss has risen sharply from just 1.46 percent in January to current levels.
  • Many investors bought Bitcoin during the late 2024 rally and are now facing unrealized losses.

Bitcoin recently experienced renewed pressure as market volatility pushed many investors into lost territory. Recent data from CryptoQuant confirmed that over 26% of the circulating Bitcoin supply is now held at a loss. 

This trend reflected a sharp shift in sentiment. Just a few months ago, nearly all holders were in profit.

Bitcoin Slips as Over 26% of Supply Sinks Below Purchase Price

The number of Bitcoin holders in the red has climbed to 26%, indicating growing pessimism across the market. As recently as January 18, only 1.46% of Bitcoin was held at a loss, showing how quickly conditions have changed. 

Market direction underwent a sudden transformation. This caused Bitcoin to hold at a loss and plummet to 0.015% in mid-December.

According to CryptoQuant data, underwater supply expansions are linked to current macroeconomic trends and investors’ market purchase points. Many investors bought Bitcoin during the late 2024 rally when prices surged to near-record levels. 

Investors acquired at high market points now watch their assets devalue since the prices have dropped below their original buy-in amounts.

Bitcoin Drawdown Since 2023 | Source: CryptoQuant

At press time, Bitcoin price hovered around $76,880, down 3.7% in the last 24 hours. The number of holders in loss positions has now reached September 2024 levels. However, the value of their holdings remains elevated from that period. 

Recent investments demonstrate the effects of purchasing from the last price upswing at high values.

Bearish Technicals Reinforce Market Uncertainty

Bitcoin has faced strong resistance from key exponential moving averages. They are now capping any attempts at recovery. The price stayed beneath the 20, 50, 100, and 200-day EMAs as these indicators maintain a range between $82,591 and $88,049.

Every time Bitcoin fails to surpass these resistance levels, the market downturn continues with increased strength. Market momentum indicators currently indicate additional downward pressure for Bitcoin prices throughout the brief term. 

Traders consider the market conditions balanced with an RSI reading of 46.60. On average, the RSI indicator at 43.33 supports this perspective. Similar to previous indicators, selling power dominates over buying power in the market movement.

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

The MACD indicators showed negative signals. This happened as the MACD line maintained a position of -1,588 below the signal line at -1,454. 

The current reading in the histogram stood at -135. This confirmed that downward price mobility remained active in the market. The probability of testing lower support remains high unless Bitcoin can close decisively above the EMA resistance cluster.

Institutional Outflows Deepen Bitcoin’s Decline

Institutional investors have shown reduced interest, further adding to Bitcoin’s weakness. Farside Investors said $326.3 million flowed out of Bitcoin ETFs yesterday alone. 

The Crypto market experienced a continued drain for seven straight trading days after the last eight sessions. The regular transfer activity showed that massive investors have decided to decrease their holdings or cash out. On the other hand, uncertainty prevailed in the market. 

Institutional investors’ selling contributes to retail investors’ market declines, thus influencing broader market opinion. The thinning of liquidity creates stronger resistance to recovery attempts in the market.

Market participants have adopted a holding position while they watch for steady market indicators that indicate entry points. ETF investment activity remains stagnant because market participants believe the near-term market recovery will not happen any time soon. 

With global macroeconomic conditions weighing heavily, Bitcoin faces additional barriers to a sustainable recovery.

Bitcoin’s Position Remains Stronger Than Past Lows

While 26% of Bitcoin’s supply is lost, the overall investor base is in better shape than during previous downturns. In November 2022, when the FTX collapse rattled markets, over 56% of Bitcoin holders were underwater. 

The present investor base retains better stability than previous market lows, even during this persistent correction period. Investors who bought Bitcoin before the 2024 bull rally phase continue to experience market advantages in the existing conditions.

Most investors who entered before recent buyers continue to have profitable positions, although new investors face losses. The supply of underwater crypto assets remains near recently established entry points. The timing of their entries heavily influences investors’ market positions.

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