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1 Million SOL Leaves Binance in Surprising Buy Activity, Are Solana Whales Back?
GameFi Guides

1 Million SOL Leaves Binance in Surprising Buy Activity, Are Solana Whales Back?

by admin August 20, 2025


  • What does this whale know?
  • SOL price outlook

The crypto market is severely down but whales have remained bullish on Solana. 

On August 20, a large crypto transaction involving 1,000,000 SOL was spotted leaving the world’s largest crypto exchange Binance, according to data provided by Whale Alert.

The transaction, which involved massive amounts of SOL worth over $181 million, happened during the mid-hour of the day, sparking discussions across the crypto community.

While the large transfer was made from a Solana cold wallet, the data shows that the destination of the transfer was unidentified by the tracker, suggesting a possible buy activity from a high-profile investor.

The receiving Solana wallet appears to have been recently created, as the first transaction carried out on the wallet happened 14 days ago, on August 7.

What does this whale know?

Although the reason behind the transfer was not stated, all indications from the transfer point to an attempt to buy the asset in large quantities. Notably, large amounts of cryptocurrencies leaving a major crypto exchange like Binance have often been traced to major buy activities from whales.

While the massive crypto transfer came at a time when the crypto market is experiencing a severe bloodbath, comments have suggested that a high-profile investor or an institution might have made the move to stack up on the asset at a lesser price and maximize profits.

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Apart from its anonymous nature, which has stirred curiosities among market participants, it is uncommon for such large amounts of tokens to be moved in attempted buy activities at a time like this when the crypto market is experiencing a heavy downturn.

Nonetheless, bullish moves like this have fueled hopes among relenting investors that something big might be coming, which the whale appears to be preparing for.

SOL price outlook

After falling as low as $179 on August 20, the price of SOL has seen a sharp rebound, rapidly switching to the green zone on the same day.

According to data from CoinMarketCap, SOL has surged sharply to $184 as of press time, reflecting a price increase of 3.48% over the last day.

Source: CoinMarketCap

With this sudden rebound in SOL’s price, investors’ enthusiasm have been reignited, and more large transfers like this are expected to push the token for more rally.



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August 20, 2025 0 comments
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Black Ops 7’s co-op campaign culminates in a DMZ-like ‘Endgame’ activity for 32 players in an open-world map, plus it has unlockable weapon camos
Game Updates

Black Ops 7’s co-op campaign culminates in a DMZ-like ‘Endgame’ activity for 32 players in an open-world map, plus it has unlockable weapon camos

by admin August 20, 2025


Call of Duty is aiming for its next campaign to be a part of the “connected” experience of the overall live-service game, starting with Black Ops 7.

During a media briefing event last week, Treyarch revealed that the BO7 campaign is playable for up to four players in co-op, played over 11 standard, explosive set-piece missions. Not only that, but you will be able to unlock campaign-specific weapon camos (including four Mastery camos), reticles, player cards, and other cosmetics, all while earning XP to progress your overall level and even individual battle passes. There will even be daily and weekly challenges to complete.

Image via Activision

The campaign stars David Mason and his Spectre One team, including Mike Harper, Eric Samuels, and newcomer Leilani Tupuola, with support from BO6 character Troy Marshall who is now several decades older in this story. Some sort of red, hallucinogenic gas seems to be the main catalyst for weird visions and trippy missions, given what little gameplay I was shown.

Once that story’s 11 standard missions are completed, however, a new “Endgame” experience will unlock, featuring an open-world Avalon map for up to 32 players to explore and fight enemies in. Gamers will be able to fly into the battle royale map-like zone to fight AI soldiers and robots, complete missions, and rank up their operators with new abilities and a level-up system called Combat Rating.

Increasing your Combat Rating (max level 60) will give players access to higher-tier areas of the map, but here’s the catch: if you die, you wipe and have to start all over again, similar to games like Modern Warfare II’s DMZ mode or Escape From Tarkov. That’s right, wiping as a squad will reset your progress for that operator.

Each individual, playable operator also has their own abilities and skill specializations that can be unlocked and leveled up, such as a Grapple Hook, Mega Jump, or Drone Charmer that spawns quad-rotor drones to take down enemies.

Treyarch says that Endgame will be the “final proving ground where all of your campaign progress is tested in a new environment.” Progress is tied to “shutting down Guild activities” as you “move into the hardest regions.”

Image via Activision

A lot about Endgame is still being kept secret for now, but players looking to expand their BO7 experience and unlock everything it has to offer may find some real fun in this new co-op experience to play alongside multiplayer and Zombies modes.

BO7 launches for PlayStation, Xbox, and PC later this year.

Destructoid is supported by our audience. When you purchase through links on our site, we may earn a small affiliate commission. Learn more about our Affiliate Policy



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August 20, 2025 0 comments
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Treasury seeks public input on detection of illicit activity in digital assets
NFT Gaming

Treasury seeks public input on detection of illicit activity in digital assets

by admin August 19, 2025



The United States Department of the Treasury is seeking public feedback on innovative methods and tools for detecting illicit activity in the digital assets industry.

Summary

  • U.S. Treasury has asked for public comments on tools used to detect and monitor illicit activity in the digital assets ecosystem.
  • The public have until October 17, 2025 to share their input as required under the GENIUS Act.

The U.S. Treasury said in a press release that interested members of the public have an opportunity to provide comments on the techniques or strategies that regulated institutions use to detect and mitigate illicit finance risks in the crypto space. 

Focus areas of the public input will be on four key aspects of the ecosystem. These are: application programming interfaces, digital identity verification, artificial intelligence, and blockchain technology use and monitoring.

Why public input?

The notice fulfills a requirement under GENIUS Act, the landmark U.S. stablecoin law President Donald Trump signed into law in July 2025. According to the government agency, the public have 60 days from the date of publishing the request for comment notice in the Federal Register to give their input, with this deadline set for October 17, 2025.

Public feedback on this matter helps the administration’s quest for policy that supports responsible growth and use of cryptocurrencies. Treasury’s move aligns with Trump’s executive order on “Strengthening American Leadership in Digital Financial Technology,” signed on January 23, 2025.

“Today’s request for comment fulfills Treasury’s obligation pursuant to section 9(a) of the GENIUS Act, which creates a comprehensive regulatory framework for stablecoin issuers in the United States. The GENIUS Act and E.O. 14178 together promote U.S. leadership in digital assets and bolster U.S. national security,” the U.S. Treasury noted.

The GENIUS Act requires the Treasury to use feedback from the public input to inform its research on aspects such as effectiveness of tools, costs involved, privacy features, and the cybersecurity risks of the tools.

In the cryptocurrency and blockchain security and analytics ecosystem, platforms such as Chainalysis and TRM Labs have become critical components with tools to detect and alert on potential threats and risks.



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August 19, 2025 0 comments
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Jesse Hamilton
NFT Gaming

U.S. Treasury Starts Work on Stablecoin Law, Gathering Views on Illicit Activity

by admin August 18, 2025



The U.S. Treasury Department is seeking new ideas for detecting and cutting off illicit crypto activity as it begins to put the new stablecoin law into effect.

The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act — the first major U.S. law to erect a regulatory system in the crypto space — called for government action on limiting dangers from bad actors in digital assets, and the Treasury Department is asking for public comments “to identify innovative or novel methods, techniques, or strategies that regulated financial institutions use, or have the potential to use, to detect illicit activity, such as money laundering, involving digital assets.”

The crypto sector will have a 60-day comment window to share industry views on clamping down on shady crypto use, according to the department’s request on Monday.

The GENIUS Act is now entering into what is typically a protracted period of implementation when a new financial-regulation law enters the arena of the federal agencies that need to put it into effect. The U.S. banking regulations, such as the Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. will also have policies to work out in the future oversight of stablecoin issuers.

But GENIUS was only the first and less significant piece of the two-part legislative priority for the crypto industry. The sector still awaits further action from Congress on the bill that would set up guardrails for the wider digital assets markets. The House of Representatives was in the lead in recently passing its Digital Asset Market Clarity Act with a wide bipartisan vote, but when the Senate returns from its summer break, it’ll take the reins in shaping that legislation under a slightly different approach than the House.

President Donald Trump has pushed his administration into rapidly crafting crypto-friendly policies, issuing multiple executive orders and statements driving federal regulators to set standards after years of resistance and legal challenges from the U.S. government. Agency heads such as Securities and Exchange Commission Chairman Paul Atkins have suggested that they can get some of the work done even before Congress finishes its crypto tasks.

Read More: Trump Signs GENIUS Act Into Law, Elevating First Major Crypto Effort to Become Policy



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August 18, 2025 0 comments
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Avalanche gains momentum as monthly transactions surge 326% but this chart signals a cold front
NFT Gaming

Avalanche activity spikes despite AVAX price pullback

by admin August 18, 2025



Avalanche network activity continues to show robust growth despite the native token hitting a snag and slipping from highs above $25 as a pullback across the crypto market engulfed most coins. 

Summary

  • Avalanche price pulled back from highs above $25, retreating slighty amid broader market sell-off pressure.
  • Nansen data however shows Avalanche’s onchain growth momentum remains.

The Avalanche (AVAX) token rose to highs of $25.64 on Aug. 18, extending the uptick that had bulls off support levels around $23.40 over the past week. 

However, with cryptocurrencies down in the past 24 hours amid widespread profit taking, AVAX pared gains to hover around $23.61. The altcoin was down 5% in 24 hours as Bitcoin (BTC) fell below $115k and Ethereum (ETH) retreated to near $4,200.

Avalanche network activity rises

While Avalanche’s price is facing the same downside pressure that currently engulfs the broader risk-asset market, data shows network strength that supports the long-term outlook. Other than the key metric of stablecoin growth, onchain data from Nansen suggests the past two weeks have been huge for Avalanche in terms of transactions.

An update by the multichain artificial intelligence-powered analytics platform shared on August 18 shows that Avalanche’s daily transactions grew by more than 100% in the past month. From about 500,000 transactions per day, Nansen data shows the network rose to hit over 1.3 million in daily transactions.

Avalanche activity is on the rise. 🔺

Over the last 30 days, transactions jumped from ~500K/day lows to 1.3M+ daily transactions, more than doubling in just two weeks!

Momentum on @avax is definitely heating up. pic.twitter.com/iDIW8Vihw3

— Nansen 🧭 (@nansen_ai) August 18, 2025

Notably, most of the uptick came in a two-week period in which Avalanche witnessed significant network growth.

Momentum for AVAX is cooling, but with the bullish fundamentals in place, analysts say Avalanche’s price setup suggests a breakout. Stablecoin growth and decentralized finance traction are driving this outlook.

TVL and other metrics 

As the onchain metrics point to increased user activity, DeFiLlama data indicates total value locked is ticking up from April 2024 lows.

The TVL aside, Avalanche is also attracting attention as a platform for real-world asset tokenization. In the tokenization market, the latest development related to Avalanche is the move by Bowmore, among the oldest distilleries in Scotland, to launch its first-ever tokenized whisky bottles on the AVAX blockchain.

In July 2025, Avalanche attracted headlines as it announced that $250 million in RWAs was coming onchain via Grove. The platform also struck a deal with Visa for global stablecoin settlement.





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August 18, 2025 0 comments
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Ethereum Whale Activity Surges: $280M Purchased In 24 Hours
GameFi Guides

Ethereum Whale Activity Surges: $280M Purchased In 24 Hours

by admin August 17, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum has entered the spotlight once again after reaching a multi-year high above $4,790, only to retrace toward critical demand levels. The move highlights ongoing volatility as bulls remain patient, waiting for a breakout beyond the $4,900 level, a threshold that would push ETH into uncharted price territory. While the retracement may seem like a pause, market structure still favors strength, with higher lows forming and momentum shifting toward accumulation.

What makes the current setup even more compelling is the surge in whale activity. Arkham Intelligence data revealed that three new whale addresses collectively purchased $279.5 million worth of ETH in just the past 24 hours. These transactions underscore confidence from deep-pocketed players at a moment when Ethereum is consolidating below key resistance. Such large-scale accumulation typically signals expectations of further upside, aligning with growing optimism that ETH could soon break above its historic ceiling.

With supply on exchanges continuing to decline and institutional demand rising, Ethereum’s next move carries weight for the broader altcoin market. Traders and investors alike will be watching closely, as the convergence of whale accumulation and technical resilience suggests that Ethereum could be on the verge of another explosive phase.

Ethereum Whale Accumulation Deepens As Bitmine Expands Holdings

Ethereum’s bullish narrative continues to strengthen as whale activity accelerates. Arkham’s AI has linked the latest wave of ETH purchases to Bitmine, raising questions about whether strategist Tom Lee is doubling down on Ethereum exposure. Bitmine’s total ETH holdings are a staggering 1.174 million ETH, valued at around $5.26 billion at current prices.

Ethereum Whale Accumulation | Source: Arkham Intelligence

This scale of accumulation places Bitmine among the most influential players in the Ethereum ecosystem, with its wallet activity now drawing comparisons to major institutional participants. The timing of these buys is especially significant, arriving as ETH consolidates just below the $4,900 mark, with bulls watching closely for a breakout into uncharted price territory.

What’s more, this accumulation trend aligns with moves from companies like Sharplink Gaming, which have also been positioning aggressively into Ethereum. The shift highlights a broader pattern: institutional actors are increasingly viewing ETH as a long-term strategic asset, not just a speculative play.

Adding further fuel to the bullish outlook, exchange supply is drying up while OTC desks report running out of Ethereum. This supply squeeze is historically a precursor to major rallies, as demand from whales and institutions collides with reduced availability. If these dynamics persist, Ethereum may be entering one of its most explosive phases yet, with whale behavior acting as the clearest signal of confidence.

ETH Holds $4,400 After Sharp Decline

Ethereum’s 4-hour chart highlights a healthy pullback from the recent peak near $4,790, with the price now consolidating around $4,414. This decline comes after a strong multi-week rally, suggesting that the move is more of a cooldown phase rather than a full trend reversal.

ETH testing key demand level | Source: ETHUSDT chart on TradingView

The 50-period SMA at $4,407 is now acting as immediate support, making this level a critical short-term battleground. If bulls can defend it, momentum could quickly shift back toward the $4,600–$4,800 resistance area, where ETH was recently rejected. A confirmed breakout above $4,900 would validate bullish strength and set the stage for fresh all-time highs.

On the downside, the 100-SMA ($4,025) and 200-SMA ($3,822) remain deeper support zones that could absorb stronger selling pressure if the $4,400 area fails. Importantly, trading volume shows heavy activity during the rally followed by lower participation during the retrace, implying sellers are not in full control.

Overall, Ethereum remains in an uptrend, but the current consolidation will determine its next leg. Holding above $4,400 keeps bulls in control, while a drop below could trigger a short-term correction before the uptrend resumes. This makes the coming sessions pivotal for ETH’s trajectory.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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August 17, 2025 0 comments
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bitcoin
Crypto Trends

Bitcoin Deposit Activity Drops To Historic Low As ETFs And Long-Term Holding Gain Ground

by admin June 25, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

As Bitcoin (BTC) continues to hold above the psychologically important $100,000 price level, a “true paradigm shift” is emerging among investors. Notably, exchange deposit activity is declining, signalling growing confidence in BTC as a reliable store of value.

Bitcoin Deposit Address Activity Plunges To Historic Lows

According to a recent CryptoQuant Quicktake post by on-chain contributor Darkfost, there has been a noticeable shift in the number of BTC wallet addresses depositing to exchanges since the 2021 bull cycle.

The analyst shared the following chart to support their analysis. It shows a steady increase in the number of addresses depositing BTC on exchanges between 2015 and 2021, peaking at an annual average of approximately 180,000.

Bitcoin exchange depositing addresses have declined following the 2021 cycle | Source: CryptoQuant

However, this trend has sharply reversed since then and has shown no signs of recovery. Notably, the 10-year average for the number of addresses depositing BTC to exchanges currently sits around 90,000.

Shorter-term metrics reinforce this decline. The 30-day moving average (MA) is hovering around 48,000, while the daily figure has dropped to just 37,000. This drastic behavioral shift among investors can be attributed to two key factors.

First, the emergence of BTC exchange-traded funds (ETFs) has redirected a significant portion of demand away from spot exchanges. ETFs allow exposure to Bitcoin’s price performance without the complexity or risk of self-custody.

Second, retail participation has been relatively subdued in the current market cycle, naturally reducing the number of active deposit addresses.The analyst noted:

More investors, and now even companies, are adopting a long-term vision for BTC, choosing to hold it as savings or treasury reserves rather than actively trading it.

Is BTC Preparing For A New High?

As the number of addresses depositing BTC to exchanges continues to decline, several indicators point toward the potential for a new all-time high (ATH). Recent analysis by crypto analyst CryptoGoos suggests that short-term sellers are “getting exhausted,” implying that selling pressure may ease soon.

Similarly, the Bitcoin Rainbow Chart – a long-term valuation model used to identify overvaluation and undervaluation zones – recently flashed a “buy” signal. Although, the wider market demand remains weak.

Macroeconomic conditions are also turning favorable. An increase in the global M2 money supply is expected to benefit risk-on assets like Bitcoin. Some experts now predict BTC could rise as high as $150,000 as liquidity expands.

That said, not all signs are bullish. Miner-to-exchange transfers have recently spiked to historic highs, potentially signalling increased selling pressure from BTC miners. At press time, BTC is trading at $105,141, up 2.6% in the past 24 hours.

Bitcoin trades at $105,141 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from CryptoQuant and TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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June 25, 2025 0 comments
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Bitcoin
NFT Gaming

Bitcoin Derivatives Market Falters As Futures Buying Activity Declines Sharply

by admin June 24, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin has displayed robust resilience, bouncing back into bullish territory and allowing the flagship asset to recover to $105,000 once again. While the price is gradually recovering from the recent pullback, BTC’s derivatives market is witnessing a steady drop.

A Drop In Bitcoin Futures Buying Pressure

Despite a notable rebound as Monday drew to a close, Bitcoin’s derivatives market continues to exhibit a downward trend. Darkfost, an on-chain expert and verified author, reported the development in a post on the X (formerly Twitter) platform, which hints at a shift in trader sentiment.

It is important to note that the derivatives market currently has the biggest impact on the price movement of Bitcoin. As a result, Measures such as the Taker Buy/Sell ratio or Net Taker Buy/Sell Volume are crucial on-chain indicators to keep an eye on.

The on-chain expert claims that these metrics aid in the analysis of buying and selling pressure in the market. By analyzing buying and selling pressure, investors and traders might be able to identify the dominant market trend or direction.

After exploring the BTC Net Taker Volume metric, the expert revealed that buying pressure in the futures market is on the downside. When compared to the past month, this current decline in buying pressure is significant.

Declining buying pressure in the futures market | Source: Darkfost on X

This sharp drop in demand for leveraged exposure during heightened market whirlwinds suggests that players may be adopting a more cautious position. Furthermore, it can be a sign of increasing skepticism regarding its immediate future, even though the broader fundamentals of Bitcoin remain sound.

As long as the indicator remains in the negative zone, Darkfost stated bearish sentiment is likely to grow, and buying pressure in the futures market will steadily decrease. To put it another way, traders are becoming cautious, and that long-side volume is declining.

In the meantime, the expert has underscored the importance of monitoring the ongoing trend. This is because when this trend reverses, it implies that traders are once again feeling positive, which might lead to upward momentum.

Market Sentiment Still Negative

Offering more insights on market sentiment, Axel Adler Jr., a macro-researcher and author, revealed that the composite Sentiment index has been under bearish pressure for the last 24 hours and has corrected to a local minimum of -20%, which is the highest reading in the last month.

According to the expert, the Taker order volume (seller predominance) negative delta grew more pronounced at the point of breaking through the $100,000 mark. Meanwhile, as open interest dropped, players were compelled to use liquidations to lower their leverage.

Looking at the Bitcoin Advanced Sentiment Index, the metric has increased from 20% to 37%, while the volume delta has decreased, remaining in the bearish mood zone. This development suggests that players are trying to capture the pullback by partially purchasing oversold positions. However, Adler has underlined caution in the market due to the possible escalation of the Middle East conflict.

BTC trading at $104,909 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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June 24, 2025 0 comments
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Chainlink Skyrockets 3,373% in Whale Activity Amid $458 Million Market Crash
NFT Gaming

Chainlink Skyrockets 3,373% in Whale Activity Amid $458 Million Market Crash

by admin June 21, 2025


According to on-chain data, Chainlink (LINK) whale moves have skyrocketed 3,373% over the last 24 hours. The surge coincides with a sell-off in the broader crypto market, resulting in $458 million in liquidations.

Per IntoTheBlock data, Chainlink saw a massive increase in the volume of large transactions, which are defined as transfers of more than $100,000.

In the recent 24 hours, large transaction volume, which suggests whale or large holder activity, increased 3,373.02% to $762.7 million, or 59.63 million LINK. This is the highest figure in the past seven days and nearly three months.

The surge follows Chainlink’s token unlock, which saw Chainlink non-circulating supply wallets deposit 17.875 million LINK (valued at $149 million) into Binance. Over the last 24 hours, large movements were detected by blockchain data trackers. Whale Alert reported in recent hours that “1,999,999 LINK worth $25,094,489 was transferred from unknown wallet to Binance.”

Crypto market dips

At the time of writing, Chainlink was down 3.13% in the last 24 hours to $12.66, mirroring the sell-off in the broader crypto market, which has witnessed $458 million in liquidations, according to Coinglass.

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At its June meeting, which ended on Wednesday, the Federal Reserve held its borrowing rate steady at 4.25%-4.5%, with the expectation that inflation would rise and economic growth would decelerate.

In a subtle shift, Federal Reserve Governor Christopher Waller stated in an interview with CNBC that inflation was moderating to the point where the central bank may lower interest rates at its next meeting in July. “I think we’re in the position that we could do this as early as July,” Waller stated, adding, “That would be my view, whether the committee would go along with it or not.”

The markets briefly reacted to this optimism before reversing as investors assessed macroeconomic uncertainties.



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June 21, 2025 0 comments
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Bitcoin Exchange Activity Slumps As Retail Stays On Sidelines - Will Bulls Lose Momentum?
GameFi Guides

Bitcoin Exchange Activity Slumps As Retail Stays On Sidelines – Will Bulls Lose Momentum?

by admin June 18, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

While Bitcoin (BTC) continues to trade near its all-time highs (ATHs), trading volume on major exchanges has sharply declined in recent months. This downturn has raised concerns about the sustainability of the current rally.

Bitcoin Trading Volume On Exchanges Slumps

In a recent CryptoQuant Quicktake post, contributor caueconomy highlighted the significant drop in BTC trading volume across top cryptocurrency exchanges. Notably, trading volumes have reached multi-year lows, reflecting a reduced appetite for trading – particularly among retail investors.

Source: CryptoQuant

The analyst partly attributed the decline in trading volume to the growing share of spot Bitcoin exchange-traded funds (ETFs) in overall BTC trading activity. According to data from SoSoValue, approximately $132.5 billion worth of BTC is now held by US spot ETFs.

Additionally, caueconomy pointed to waning interest in altcoins as another contributing factor. This trend is evident in the declining Ethereum (ETH)/BTC ratio and the subsequent rise in BTC dominance.

Source: ETHBTC on TradingView.com

On a more constructive note, the ongoing decline in BTC trading volume does not appear to coincide with a period of market euphoria. This suggests that the current momentum is largely being driven by strategic capital allocators rather than inexperienced speculators.

The analyst concluded that monitoring any spikes in trading volume will be critical, as renewed demand often signals the approach of a local market top. At present, BTC is trading roughly 6.4% below its all-time high.

Amid the current sideways price action, some analysts are still waiting for a definitive directional breakout. For example, renowned analyst Titan of Crypto identified $109,000 as a crucial resistance level. They stated:

BTC needs to break above the last Lagging Span peak to unlock further upside. A rejection wouldn’t invalidate the trend as strong confluence support remains around $100,000. We’re not there yet.

Source: Titan of Crypto on X

Similarly, crypto analyst Merlijn The Trader noted that BTC is forming a bullish inverted head-and-shoulders pattern on the 3-day chart, with a neckline around $113,000. A breakout above this level could pave the way for a new ATH near $140,000.

Source: Merlijn The Trader on X

Some Warning Signs For BTC

While many experts predict BTC to benefit from rising global liquidity – especially the increase in global M2 money supply – others are not as optimistic. Seasoned crypto analyst Ali Martinez recently warned that Tom Demark’s (TD) sequential indicator has flashed a sell signal on the hourly BTC chart.

Further, Binance open interest recently recorded a divergence from BTC price, signalling caution. The Bitcoin RCV indicator has also moved out of the “buy” zone, raising fears of a price pullback. At press time, BTC trades at $104,292, down 3% in the past 24 hours.

BTC trades at $104,292 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from CryptoQuant, X, and TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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June 18, 2025 0 comments
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