Tag:

Bulls

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


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.



Source link

0 comments
0 FacebookTwitterPinterestEmail
DOGE Bulls Watch This Price Pattern
NFT Gaming

DOGE Bulls Watch This Price Pattern

by admin


Dogecoin (DOGE) is on the brink. Ali Martinez just shared some latest chart analysis, and it looks like the meme coin is currently testing the lower boundary of a symmetrical triangle pattern. This formation has been developing since early February.

The focal level is $0.168. If DOGE goes below that, it could drop by as much as 30%, with price targets as low as $0.12 or even $0.093 based on Fibonacci extension levels.

You Might Also Like

After reaching around $0.44 earlier in the year, Dogecoin has been on a bit of a downslide, moving within a pretty tight range. The latest prices show DOGE trading at around $0.175, just above the triangle’s lower trend line and the important 78.6% Fibonacci retracement level at $0.181.

Why does $0.168 matter so much? That’s the final buffer before price enters what many technical traders call a “void zone” — a price area with little historical support.

If bears push DOGE below this floor, downside momentum could speed up quickly, as previous bids are sparse until the $0.13 to $0.12 region. Look at the numbers in more detail, you’ll see that there’s a chance of $0.093 and even $0.078.

You Might Also Like

If DOGE can hold and bounce, the $0.205 and $0.237 resistance levels become key points to watch. Meanwhile, the bullish trend is likely not to continue unless DOGE breaks above the triangle’s upper boundary, which has been stopping it from climbing.

Dogecoin has been finding it tough to get back on track, even as the rest of the crypto markets try to bounce back. With low volatility and thinning volume, the next move could be sudden and decisive.



Source link

0 comments
0 FacebookTwitterPinterestEmail
USA great Michael Bradley named New York Red Bulls II coach
Esports

USA great Michael Bradley named New York Red Bulls II coach

by admin


  • Jeff CarlisleJun 12, 2025, 02:00 PM ET

    Close

      Jeff Carlisle covers MLS and the U.S. national team for ESPN FC.

Former United States international midfielder Michael Bradley has been hired as head coach of third-tier MLS Next Pro side New York Red Bulls II, making it the first managerial role in his nascent coaching career.

Bradley, 37, previously served on the staff of Norwegian side Stabaek from October of 2023 to September of 2024 under his father Bob Bradley. More recently, he worked as a “guest coach” with the Canada men’s national team under Jesse Marsch during the June international window.

Editor’s Picks

1 Related

The move also amounts to a homecoming of sorts for Michael Bradley, given that he broke into the professional ranks in 2004 as a player with the MetroStars, the forerunner of the New York Red Bulls.

“I couldn’t be more excited to come back to where my professional playing career began,” said Bradley. “This is a dream opportunity as a young coach. I’m looking forward to working everyday with this talented group of players, and I’ll give everything to help them take the next step in their careers.

“I’m thankful to the club for the opportunity and can’t wait to get started.”

Michael Bradley ended his playing career with Toronto FC in 2023. Zou Zheng/Xinhua via Getty Images

Bradley is among the more decorated players in USMNT history, earning 151 caps, good for third on the program’s all-time list.

He scored 17 goals at international level and was part of the squads at the 2010 and 2014 World Cups. He was also part of two Gold Cup-winning teams in 2007 and 2017. Bradley was named U.S. Soccer Player of the Year in 2015.

At club level, in addition to his time with the MetroStars, Bradley played for SC Heerenveen, Borussia Mönchengladbach, Aston Villa, Chievo Verona, AS Roma and Toronto FC. While with Toronto, Bradley was part of the side that won a domestic treble in 2017.

“We are excited to welcome Michael to the club,” said New York Red Bulls sporting director Julian de Guzman. “He had an incredible playing career and is one of the greatest American soccer players ever.

“We see him as a promising coaching talent and look forward to supporting his development as he transitions to a career behind the touchline.”

Bradley’s first match in charge will be on June 21 at Truist Point Stadium against Carolina Core FC in MLS Next Pro.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Death Cross Hints at Trap for XRP Bulls
GameFi Guides

Death Cross Hints at Trap for XRP Bulls

by admin


There’s a new signal popping up on the XRP chart, and it’s not one that bulls will want to ignore. A “death cross” has just shown up on the daily time frame — with the 23-day moving average (green) crossing below the 50-day (blue) — which is a pattern traders usually link to a possible downside continuation or at least a weakening uptrend.

Right now, XRP is trading at about $2.21. While the asset has recovered a bit from last week’s drop to $2.07, it is still below both moving averages. The death cross itself doesn’t guarantee a drop, but it usually makes sellers cautious or at least puts bulls on the defensive — especially when it’s accompanied by hesitant price action.

You Might Also Like

Taking a closer look at the candles, XRP’s recent bounce has not managed to return above the 50-day moving average, which is currently around $2.27. That level, along with the 23-day, is now acting as dual resistance. Unless XRP breaks above both with strong volume, there’s a real risk this bounce may get sold into.

Source: TradingView

What’s really interesting here is the context. This is not a sudden breakdown — the XRP price has been trending down for weeks. Each rally attempt has faded faster, while the volatility has stayed low.

You Might Also Like

It feels like the market is waiting for something to trigger it, and the death cross might be that signal — just not the one the bulls are hoping for.

For short-term traders, the danger is in thinking the worst is over too soon. With the moving averages going down and the momentum still up in the air, going after green candles here might be a mistake. If it breaks out over $2.27, that will change things.

But until then, the death cross is a technical warning: Proceed with caution.



Source link

0 comments
0 FacebookTwitterPinterestEmail
NewGenIvf to invest $30m in Solana staking strategy
NFT Gaming

Solana indicators point north, bulls test $165 target

by admin



Solana rallied nearly 5% on Friday, down almost 10% in the past week. The Ethereum competitor will likely rally towards its $165 target, a 13% rally within the next week. While Ethereum draws the interest of institutional investors, Solana is competing through partnerships and decentralized applications on the blockchain. 

Solana price forecast 

According to technical indicators on the SOL/USDT daily price chart, Solana (SOL) could soon observe a trend reversal. SOL is trading at $149.92, and the Ethereum (ETH) competitor could rally 13% and test resistance at $170, the upper boundary of the FVG on the daily price chart. 

Above $170, there are two key resistances: R1, which is the psychologically important price level of $200, and R2, which is the lower boundary of an FVG on the daily price chart, at $218.40. 

The RSI on the SOL/USDT price chart reads 39 and slopes upwards. MACD flashes red histogram bars under the neutral line. The OBV indicator shows a bullish divergence, with the price heading downwards while the OBV indicator slopes upward. The divergence is typically a sign of a potential trend reversal. 

In this case, the consolidation likely ends and SOL price changes in the coming week. 

SOL/USDT daily price chart | Source: Crypto.news

Conversely, SOL could find support at $143.25, the lower boundary of an FVG on the daily price chart. 

SOL could rally for these three reasons 

Bybit, one of the key crypto exchanges, has partnered with Circle, Tether, Solana, and Sui to introduce a collaborative blockchain ecosystem. The project, Ecopedia, is set to provide structured and accessible crypto education. 

Solana’s meme coin ecosystem tanked in response to the tussle between U.S. President Donald Trump and Tesla Chief Elon Musk. In the past week, the past 24 hours, and on Friday, the sector’s market capitalization has declined. 

The market cap of the Solana meme coin ecosystem has fallen 5% in the past 24 hours to nearly $10 billion. 

It is likely that once the tussle settles, Solana could resume its uptrend. 

According to data from The Block, the seven-day daily average of the number of transactions on the Solana blockchain has been steadily upward. 

Number of active addresses on the Solana Network | Source: TheBlock

Solana derivatives analysis 

Solana derivatives analysis data from Coinglass shows nearly $40 million in long positions were liquidated in the last 24 hours. Less than $5 million in short positions were liquidated in the past 24 hours. 

The options volume has climbed nearly 50% in the same timeframe, while open interest slips nearly 7%. The long/short ratio exceeds one on Binance and OKX meaning traders are taking more bullish bets on Solana, expecting the token’s price to rally. 

Solana derivatives data analysis | Source: Coinglass

How Trump-Musk tussle influenced Solana price 

The public spat between the U.S. President and Tesla Chief made headlines for its impact on Nasdaq, Tesla stock price, and Bitcoin (BTC), among other things. Solana’s price slipped, alongside other altcoins, as traders turned risk-off. Sentiment shifted from neutral to fear in the past day. 

Solana has made strides with gains on Friday, it remains to be seen whether the token can wipeout the losses from the past seven days, in the coming week. 

The Trump-Musk tussle’s impact is felt in the Solana meme coin ecosystem, with a steep decline in market capitalization. A 5% drop within a 24-hour timeframe is significant, and a recovery is less likely unless led by a catalyst. 

Solana: A one-trick pony or not 

Analysts at Standard Chartered, the banking giant, labeled Solana a one-trick pony for the meme coin ecosystem’s role in pushing SOL’s price and value higher in the past year. However, it is likely that there is more to SOL with stablecoins, DeFi protocols and partnership announcements in 2025 alone. 

Standard Chartered meme coins have stress-tested the blockchain in the past, proving its scalability and throughput are effective and paving the way for higher adoption and partnerships. 

In their report, Standard Chartered suggests Solana expand to other sectors to boost its utility, however SOL generates higher volume and utility from meme coin transactions in the past year. While usage may have declined since the peak of the meme coin rally. 

Meme coin utility peak | Source: Standard Chartered 

Solana trades at $150 at the time of writing on Friday. Depending on the catalysts, the price could steer upwards or downwards and end the state of consolidation, bordered by resistance at $187 and support at $141. 

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Dogecoin
GameFi Guides

Dogecoin Price Crash Threatens Support At $0.16, Why Bulls Must Hold This Level

by admin


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

Dogecoin price crashed alongside the crypto market when the Bitcoin price dropped hard toward $100,000. This was spurred by a very public dispute between US President Donald Trump and billionaire Elon Musk over differences yet to be revealed. As the meme coin’s price tumbled, it broke through multiple minor supports, showing that the bears have taken charge once more. This puts it in a perilous position as it now sits close to an important support level.

Why Dogecoin Price Must Hold $0.16

Crypto analyst The Alchemist Trader has revealed that $0.16 is the most important level for the Dogecoin price right now. The analyst points this out in a TradingView post showing how the meme coin has been fairing recently, and how it had moved through various important levels.

The first level that the Dogecoin price had crossed earlier in the week was the 200-day moving average (MA). This 200-day moving average was the dynamic support for the altcoin, and moving above it was part of the reason that the meme coin’s price had seen a small recovery at the start of the week.

At this point, there was a major accumulation going on as the altcoin seemed to be on a discount after a market drawdown. In addition to this, market sentiment surrounding the Dogecoin price had moved into positive territory, showing that buyers were returning to the table.

However, this did not last long because the Bitcoin price crash on Thursday shook the market, and Dogecoin saw its price plummet by another 10% in less than one day. This brought it below the $0.18 support, thereby pushing it toward a lower support level. The $0.17 support had held on, but with weak support at this level, the next major support level falls further downward.

Source: TradingView

The crypto analyst highlighted that the important level now to watch is actually the $0.16 support. He explains that this is actually critical for a bullish continuation, and a failure to hold could cause a price crash. However, if the bulls are able to successfully maintain this support, then the probability of an uptrend increases with the higher lows that the market has seen, and it could rally back to $0.48.

Other bullish technicals that have appeared for the Dogecoin price are the fact that it had previously broken above a short-term descending trendline. Such breakouts are usually bullish for a crypto asset, if all things remain equal, save for extenuating circumstances like a Trump-Musk feud tanking the market.

“This breakout, coupled with sustained strength above the 200-week MA, may set the stage for a significant move to the upside,” the crypto analyst wrote. He further added that: “The ultimate technical target remains the all-time high zone near $0.48, which represents a potential 194% gain from current levels.”

DOGE bulls push above $0.18 again | Source: DOGEUSDT on TradingView.com

Featured image from Dall.E, 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.



Source link

0 comments
0 FacebookTwitterPinterestEmail
This is XRP's Last Chance, Shiba Inu (SHIB) Lost Another Level, Bitcoin (BTC) Bulls Are Here
NFT Gaming

This is XRP’s Last Chance, Shiba Inu (SHIB) Lost Another Level, Bitcoin (BTC) Bulls Are Here

by admin


  • Shiba Inu plunges
  • Bitcoin stabilizes

When XRP tests its 200-day Exponential Moving Average, a crucial long-term support level that has continuously served as a base for reversals throughout the asset’s history, it is at a pivotal point. Pressure is increasing, and a major downward spiral could be triggered if this line is not maintained.

A robust intraday bounce from the 200 EMA indicates that buyers are still defending this level as XRP is currently trading close to $2.16. But the possibility of a breakdown is very real. The next likely support zone, which is dangerously lower and around the $1 mark, would essentially cut XRP’s value in half from its recent highs if the asset decisively loses this support.

XRP/USDT Char by TradingView

This is the final genuine chance for XRP to rise before it plunges into bearish oblivion at its current level. With lower highs regularly forming and a descending triangle pattern evident, price action over the last few weeks has already demonstrated weakness. Concern is further increased by the decreasing volume, which shows that even as the asset gets closer to a crucial price point, fewer participants are expressing interest.

A neutral but somewhat bearish bias is indicated by the RSI, which is currently just below 45. On the other hand, a reversal pattern may begin if bulls are able to push XRP above the group of resistances around $2.25-$2.26, including the 50 and 100 EMA levels. That would ease some of the pressure and possibly rekindle the momentum in the direction of $2.50 and higher.

Shiba Inu plunges

With a sharp decline below a crucial horizontal support level that served as a solid foundation for several previous bounce attempts, Shiba Inu has taken yet another bearish hit. The price, which is now trading at about $0.00001230, has broken below the local trendline support, indicating a sharp decline in the sentiment of the short-term market. The technical configuration presents a concerning image.

A classic bearish signal, the asset is currently trading firmly below the 50, 100 and 200 EMAs, with all three moving averages pointing downward. Above all, the decline toward the next psychological and structural support level, which is close to $0.00001000, is made possible by the loss of the mid-May support level, which is located around $0.00001300. Significant trading volume coincided with this most recent breakdown, confirming the sell-side pressure. 

You Might Also Like

According to RSI readings which are currently at 43, SHIB is getting close to oversold territory, but more downside is possible before a possible reversal is feasible. From a wider angle, Shiba Inu has been trapped in a protracted downward trend since its peak in late 2023, and the most recent price movement only serves to confirm that direction.

Sellers maintain control if there are no fresh catalysts, either technical or fundamental, to boost demand. In the next few days, momentum traders may pile in with short positions speeding the decline to $0.00001000 if SHIB is unable to recover and close above the $0.00001300 zone. 

Shiba Inu may either stage a midterm recovery or continue to decline toward multi-month lows depending on how the price responds at that level, which is both a psychological threshold and past active demand zone. Caution is still advised for the time being. It is obvious that SHIB has lost yet another important foothold, and the ascent will be more difficult than before.

Bitcoin stabilizes

Following a steep decline from recent highs close to $112,000, Bitcoin seems to have stabilized, landing directly on top of the 50-day EMA. The price is currently trading at about $104,000, and the robust intraday bounce today suggests that bulls are not quite ready to give up. In technical terms, the 50 EMA is frequently used as a dynamic support level, and Bitcoin respecting it is encouraging for a quick recovery.

After cooling off from overbought conditions, momentum indicators like the RSI are now rising from neutral territory, indicating that there may be more upside. However, Bitcoin’s position in relation to the 26 EMA may add even more intrigue. This short-term average could serve as the starting point for a swift relief rally, if it is decisively moved above. Bitcoin may quickly retest the $107,00-$108,000 range if buyers intervene with volume.

You Might Also Like

This bounce, however, does not imply that there is no obstacle in the way. In order to verify a significant reversal, the price must hold the 50 EMA and recover the 26 EMA in the upcoming sessions. Failure to do so could result in a return to the crucial technical and psychological support level at $100,000, which also coincides with the horizontal resistance-turned-support level from the breakout in April.

Volume is still an issue. There is a reason to question the market’s commitment to this rebound given that the most recent uptick did not coincide with notable volume expansion. We will have to watch the EMA levels determine sentiment until Bitcoin either breaks below $100,000 or surges with volume. It is unclear if the short-term bullish recovery in Bitcoin will turn into a full-fledged breakout or merely a dead cat. Bulls have not run out of gas yet, and Bitcoin is back in the game.



Source link

0 comments
0 FacebookTwitterPinterestEmail
(CoinDesk)
NFT Gaming

BTC Bulls Laser Focused on $120K Despite Trump-Musk Turmoil

by admin



Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

Bitcoin

is trading above $101.5K as Asia begins its trading day, shrugging off fresh tariff uncertainties from the Trump administration.

However, the real story, according to Semir Gabeljic, director of capital formation at Pythagoras Investments, is that traders continue to be laser-focused on a bull market throughout the remainder of the year, with a high degree of confidence that BTC will reach $120,000, buoyed by persistent corporate buying and declining volatility.

“The uncertainty from unexpected tariff increases by the Trump administration is causing some volatility,” Gabeljic said in an email to CoinDesk. “However, bitcoin remains relatively strong, with lower volatility compared to other digital assets.”

Institutional bullishness remains resilient, Gabeljic highlighted, noting that traders on Polymarket are “pricing in a 69% probability that Bitcoin will hit at least $120,000 by year-end.”

FlowDesk, a Paris-based market maker, echoed this optimistic outlook despite recent subdued market conditions in a recent note on Telegram.

“The market is clearly coiling, waiting to break out of a narrow band just below all-time highs,” FlowDesk wrote in their market update note. “Significant repositioning and rotation from Bitcoin towards altcoins has occurred, though BTC’s underlying strength remains evident.”

FlowDesk also noted cautious market behavior, as indicated by a modest decline in BTC funding rates on major exchanges like Binance, which suggests a reduction in leverage. However, on-chain borrowing activity has seen renewed vigor, potentially signaling anticipation of an imminent market breakout.

Further bolstering the bullish BTC narrative is the continued accumulation by corporate treasuries.

Listed companies now hold approximately 809,100 BTC, worth nearly $85 billion, nearly doubling the amount held a year ago, driven by favorable regulatory shifts and accounting changes that allow for the recognition of bitcoin gains.

“The expectation of a continued strong bitcoin remains,” said Gabeljic.

News Roundup

$TRUMP Token Drops 9% as Musk-Trump Feud, Family Crypto Clash Spook Investors

The presidential-themed $TRUMP memecoin fell 9.3% on Thursday, significantly underperforming the broader crypto market as tracked by the CoinDesk 20, an index covering the largest digital assets, which declined 5%.

The token’s sharp downturn followed a heated public exchange between President Donald Trump and Elon Musk, sparked by disagreements over Trump’s proposed “Big, Beautiful Bill” and its impact on national debt, CoinDesk previously reported.

The argument escalated quickly, with Musk threatening to ground SpaceX’s Dragon spacecraft and Trump countering by suggesting the government might sever contracts with Musk-led enterprises.

Further pressure on the memecoin came after its newly launched crypto wallet, created in partnership with NFT marketplace Magic Eden, went offline following a cease-and-desist from another Trump-affiliated crypto venture.

Trump’s sons publicly distanced themselves from the memecoin project, highlighting their involvement in a separate Ethereum-based DeFi initiative, World Liberty Financial. The internal branding clash added another layer of uncertainty, amplifying investor concerns and weighing heavily on the token’s price.

CRCL Soars on First Day of Trading

Circle (CRCL) shares soared 167% on their first day of trading, closing at $83 after pricing its IPO at $31, briefly hitting an intraday peak of $104. The surge recalls Coinbase’s volatile 2021 IPO, which similarly started strong but rapidly lost momentum, raising caution among investors about long-term stability.

The jump in Circle’s stock price came amid a modest uptick in stablecoin market activity. Trading volume for Circle’s USDC rose 22% over the past 24 hours, while market leader Tether’s USDT saw volume increase by 13%. Despite the bullish debut, the coming weeks will test Circle’s staying power as investors assess whether enthusiasm around stablecoin infrastructure translates into sustained stock performance.

U.S. Treasury Sanctions Philippines Firm Linked to $200M ‘Pig Butchering’ Crypto Scams

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Philippines-based tech firm Funnull Technology Inc. and its administrator, Liu Lizhi, for facilitating “pig butchering” crypto scams responsible for over $200 million in losses from U.S. victims, CoinDesk previously reported.

OFAC accused Funnull Technology of providing digital infrastructure, such as IP addresses and domains, used by cybercriminals to host hundreds of thousands of scam websites designed to deceive victims into fraudulent crypto investments.

“Pig butchering” refers to elaborate crypto scams that groom victims over time, often beginning through unsolicited messages and fake romantic overtures, before convincing them to invest significant sums. With these sanctions, OFAC prohibits any U.S. persons from engaging in transactions with Funnull or Liu, aiming to disrupt the networks enabling these extensive cyber scams and to safeguard investors in the digital asset ecosystem.

Market Movements:

  • BTC: Bitcoin dropped nearly 4% to test the $100K support level before rebounding above $101.5K, as high-volume selling and major exchange outflows signaled growing market stress amid weakening retail activity.
  • ETH: Ethereum dropped 4% after repeatedly failing to surpass the critical $2,640 resistance level, despite increased institutional buying and notable whale accumulation of over $285 million in ETH.
  • Gold: Gold edged higher to $3,363.58 in early Asian trading amid weak U.S. economic data and signs of easing U.S.-China tensions, as the Gold-Silver Ratio surged past 100—a rare signal historically linked to outsized silver returns.
  • Nikkei 225: Asia-Pacific markets opened higher, with Japan’s Nikkei 225 up 0.14%, after a positive 90-minute call between U.S. President Trump and China’s Xi Jinping set the stage for resumed trade negotiations.
  • S&P 500: U.S. stock futures flatlined as a public feud between President Trump and Tesla CEO Elon Musk added uncertainty to market sentiment.

Elsewhere in Crypto:



Source link

0 comments
0 FacebookTwitterPinterestEmail
James Wynn takes $5.3m loss, bets $1.2b on Bitcoin lifeline
NFT Gaming

Bitcoin bulls are ignoring these three red flags, drop to $100K likely?

by admin



Bitcoin slipped under key support at $108,000, gathering liquidity below the $107,000 level on Thursday. The largest cryptocurrency’s holders appear unimpressed by promises from regulators and bullish commentary from U.S. Vice President JD Vance and Senator Cynthia Lummis. BTC could sweep liquidity under the $100,000 milestone this week or over the weekend, analysts warn.

Bitcoin bulls are slowing down, what’s next 

Bitcoin’s (BTC) maximalists and permabulls are showing signs of slowing down, with Strategy’s purchases declining in volume. Between May 19 and May 25, Strategy acquired 4,020 BTC at $40.61 billion, using proceeds from “Common ATM, STRK ATM and STRF ATM,” according to the firm’s May 26 filing. 

Barron’s reported a correlation between Strategy’s Bitcoin purchases and BTC price. While some analysts argue the company’s large acquisitions have positively influenced BTC, TD Cowen examined six months of price action and trading volume and concluded that “MicroStrategy’s purchases represented only a fraction of total Bitcoin trading volume, with a median average weekly result of 3.3%.”

The correlation is insignificant, therefore Bitcoin’s price trend is unaffected by Strategy’s purchases. 

News of Wall Street giants and firms adding Bitcoin to their treasuries may have lifted sentiment among traders. However, there is no clear evidence of meaningful impact, and this week, traders remain largely unmoved by both promises and purchases.

Institutional capital flow into U.S.-based spot Bitcoin ETFs is also declining, while large whales and long-term BTC holders are realizing profits on their positions.

Bitcoin Spot ETF Flows | Source: Farside Investors

Since April 1, three key segments of Bitcoin holders have shown similar behavior. Addresses holding 10–100 BTC, 1,000–10,000 BTC, and 100,000–1 million BTC have all reduced their holdings, likely cashing out gains from the April to May rally.

Santiment data shows a steep decline in holdings of the three cohorts. 

Bitcoin holder cohorts and declining holdings | Source: Santiment 

If this profit-taking continues, it could increase selling pressure across exchanges and push BTC lower in the long term.

Bitcoin price forecast

Bitcoin is currently trading under the $108,000 support level, at $106,286 at the time of writing. On the daily timeframe, technical indicators support a bearish outlook. The RSI is trending downward at 56, while the MACD is printing red histogram bars below the neutral line, both signs of weakening momentum.

BTC could collect liquidity at support levels S1 and S2, marking the upper and lower boundaries of the FVG on the daily chart, located at $102,315 and $97,732, respectively. A retest of the $100,000 psychological milestone remains a likely scenario.

Bitcoin is currently less than 4% away from its S1 support. Once the FVG is filled, a recovery may begin, as this zone is marked as a bullish FVG on the BTC/USDT daily chart.

BTC/USDT price chart | Source: Crypto.news 

Alternatively, a daily close above $108,000 could invalidate the bearish structure and open the door for a retest of the all-time high at $111,980.

Capital rotation is real though altcoin season is delayed 

The team of analysts at Bitunix told Crypto.news in an exclusive interview that capital rotation favors altcoins in certain segments this cycle, rather than a full-blow alt season as observed during 2018 and 2020 bull runs. 

As Bitcoin’s market dominance weakens, analysts suggest BTC may have peaked. Despite institutional inflows, several altcoin sectors have shown relatively stronger performance.

Bitunix analysts said:

“We’ve observed accelerating volume and capital inflows into narrative-driven tokens in sectors like AI (e.g., FET, RNDR), real-world assets (e.g., ONDO, LINK), and Layer 2 (e.g., ARB, OP). 

If BTC faces resistance in the 110k–115k range and ETH breaks through the critical $2800–$3000 level, we could see a segmented capital rotation favoring high-narrative, high-liquidity altcoins, rather than a traditional full-blown altcoin season.”

Altcoin season, typically defined as a period when 75% of the top 50 altcoins outperform Bitcoin, appears either delayed or segmented this cycle. Experts support a theory of focused rotation into specific narratives instead of broad altcoin outperformance.

Ruslan Lienkha, Chief of Markets at YouHodler, told Crypto.news in a written note that recent activity suggests a correction rather than a full reversal.

Lienkha noted that Bitcoin has spent most of 2025 trading between $90,000 and $110,000, a key consolidation zone saturated with market orders. This suggests strong interest and potential support. He believes another leg up is likely, with BTC potentially rallying to a new all-time high after more range-bound trading.

James Toledano, Chief Operating Officer at Unity Wallet said,

“Bitcoin’s rally to a new all-time high of almost $112,000 has already priced in bullish catalysts like institutional inflows and geopolitical uncertainty. As liquidity tightens ahead of key economic data, traders are likely adopting a wait-and-see approach. I see it as a stabilization and not a stall, reflecting a classic consolidation phase after strong gains earlier in the month. With open interest still high and funding rates relatively neutral, this sideways movement suggests a temporary breather rather than a trend reversal.”

Toledano is in agreement with Lienkha on a temporary breather and a return to the all-time high as Bitcoin consolidates in a key support zone. 

Bitunix analysts also commented on macroeconomic factors influencing Bitcoin price. They noted that the latest Federal Reserve minutes signal a “dove in hawk” stance, with the policy direction still unclear. The analysts Analysts stated in a seperate note: 

“BTC as a high volatility asset is the first to bear the brunt of uncertainty, technically we need to pay attention to the support zone of $107,700-$106,500, if it breaks down, it may be down to $105,000, and the upper pressure of $110,800-$112,000, we recommend to wait and see before a breakthrough.”

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



Source link

0 comments
0 FacebookTwitterPinterestEmail
SharpLink’s $425M ETH treasury has ETH bulls calling for $3K
Crypto Trends

SharpLink’s $425M ETH treasury has ETH bulls calling for $3K

by admin



Key takeaways:

  • SharpLink Gaming establishes the first ETH treasury, backed by Ethereum co-founder Joe Lubin. SharpLink will invest $425 million to acquire 120,000 ETH.

  • Ethereum futures open interest hits an all-time high of $36.1 billion, with ETH price climbing 4.5% on the daily chart.

Nasdaq-listed SharpLink Gaming (SBET) announced a $425 million private investment in public equity (PIPE), acquiring approximately 69.1 million shares at $6.15 each to establish the first Nasdaq-listed Ethereum (ETH) treasury company.

Spearheaded by Ethereum co-founder Joe Lubin, this move mirrors Strategy’s (MSTR) successful Bitcoin treasury strategy, which has yielded over $8.2 billion in gains in 2025, by leveraging stock and bond sales to acquire BTC.

Former Ethereum core developer and contributor Eric Conner highlighted the bullish implications of SharpLink’s move, noting its potential to create a “public ETH proxy for funds that can’t hold tokens directly.” 

Conner emphasized that the acquisition of 120,000 ETH—likely to be staked—could lead to “supply compression” by removing tokens from circulation. The Ether proponent also pointed to the “new narrative fuel” this provides, positioning ETH as a “digital reserve collateral” and potentially driving its adoption on mainstream balance sheets through an equity wrapper like $SBET.

However, crypto analyst VICTOR cautioned against over-enthusiasm, outlining the risk of leveraging gains from an altcoin still down 19% in 2025. 

In Q1 2025, Cointelegraph reported a sharp decline in Ethereum network fees, dropping to $605,000 from $2.5 million in just two weeks in March, alongside a noticeable decrease in decentralized app (DApp) activity. Although average daily fees on the Ethereum chain have stayed above $1 million since May 9, 2025, fees remain significantly lower compared to Q1 2024, as highlighted in the chart.

Ethereum total value locked (TVL) and chain fees. Source: DefiLlama

Related: Ethereum flashes ‘altseason’ signal as ETH price eyes $4.1K

Ethereum open interest prints new highs as ETH targets $3K

The SharpLink announcement triggered a surge in Ethereum futures market activity. Ether futures open interest (OI) hit a new all-time high of $36.1 billion, increasing $3.5 billion in 24 hours. Ether OI has increased by 72% over the past month, reflecting heightened trader activity.

Ethereum open interest chart. Source: CoinGlass

Ether prices are also up 4.50% for the day, and Maartuun, a community analyst at CryptoQuant, indicated the likelihood of a leveraged-fueled pump for the altcoin. 

Over the past 30 days, Ether prices have gained 48%, with the markets exhibiting 10 leverage-driven pump signals. The majority of these rallies—eight out of ten—resulted in negative returns, while one rally triggered a short squeeze, driving prices higher, and another displayed neutral price action.

From a technical perspective, Ether’s price action on the daily chart posted a descending triangle, a bullish breakout pattern, which creates equal highs and higher lows, converging toward an imminent rally. 

The pattern is bordered by two trendlines, the upper resistance, currently around $2,700 and the ascending support line. A bullish breakout above $2,677 targets the pattern’s measured move, calculated by adding the triangle’s height to the breakout point. This projects a target range of $3,100–$3,200, aligning with prior resistance levels around $3,100 and $3,400.

Ethereum 1-day chart. Source: Cointelegraph/TradingView

The relative strength index (RSI) at 68.50 supports this bullish outlook. An RSI near 70 indicates strong momentum, with the indicator resetting after oscillating in the overbought region(above 70), suggesting the altcoin could be gearing up for a fresh rally. 

Anonymous crypto trader mo_xbt pointed out a “sandwich setup” for Ethereum. The analyst also believed that a $3,000 retest was imminent and said, 

“Gotta love the sandwich set up on the daily — Above 1d 200ema, below 1d 200ma & 300ma. I have seen this set up many times the last month, it always lead up.”Ethereum 1-day analysis by Mo. Source: X.com/Mo_XBT

Related: Bitcoin profit taking lingers, but rally to $115K will liquidate $7B shorts

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Close