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Bitcoin Riding Global Liquidity Wave? Analyst Eyes $150,000 Target

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Crypto analysts are predicting that Bitcoin (BTC) may be poised for a significant move to the upside as it tracks the expansion of global liquidity. Several experts anticipate that the top cryptocurrency could post new all-time highs (ATHs) in the near to medium term.

Is Bitcoin Tracking Expansion In Global Liquidity?

According to a recent X post by crypto analyst Jelle, BTC appears to be following the trajectory of rising global liquidity. The analyst shared the following chart suggesting that Bitcoin is on track to reach a new ATH of $150,000 in the coming months.

Source: Jelle on X

A similar perspective was offered by fellow crypto analyst Master of Crypto. The analyst provided a more detailed explanation of how BTC is aligning with movements in the global M2 money supply.

For the uninitiated, global M2 money supply refers to the total amount of money – including cash, checking deposits, and easily convertible near money – circulating across major economies. It is often used as an indicator of global liquidity, with increases typically supporting asset price growth, including cryptocurrencies like Bitcoin.

Master of Crypto shared the following chart comparing BTC’s price with movements in global M2 money supply, using a 76-day lag. He noted that this time-offset metric has historically offered more accurate long-term signals, and correlates with Bitcoin’s price at a rate of 76%.

Source: Master of Crypto on X

In related analysis, crypto trader Merlijn The Trader drew comparisons between gold’s price pattern and that of BTC. He shared the following chart indicating that Bitcoin is mirroring gold’s cup and handle pattern, which often signals continued price appreciation.

Source: Merlijn The Trader on X

To explain, the cup and handle pattern is a bullish formation that resembles a rounded “cup” followed by a brief consolidation or “handle” before a breakout. It typically indicates a continuation of the existing uptrend, often leading to new highs.

Meanwhile, noted analyst Titan of Crypto pointed out a golden cross formation on the daily BTC chart. The last time this pattern appeared – back in April 2025 – BTC experienced a parabolic rise, ultimately hitting an ATH of $111,682.

Source: Titan of Crypto on X

More Room To Run For BTC

Several on-chain and macro indicators suggest that BTC may still have more upside in this cycle, especially when compared to previous rallies. Notably, the current market lacks widespread retail investor participation, implying that the rally has yet to enter a euphoric phase.

Similarly, the Puell Multiple continues to signal that the bull run is intact. However, a recent spike in miner-to-exchange transfers has raised concerns about a potential sell-off. At press time, BTC trades at $107, 686, up 1.8% in the past 24 hours.

BTC trades at $107,686 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from 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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Polyhedra Links Wintermute To Zkj Liquidity Attack
Crypto Trends

Polyhedra Links Wintermute to ZKJ Liquidity Attack

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Polyhedra Network is raising the alarm after its token, ZKJ, crashed by a massive 80% on Sunday. In a post shared Monday, the team said the sudden drop was caused by a coordinated liquidity attack and suspicious activity involving major trading firm Wintermute.

According to the team, several wallets worked together to pull liquidity from the ZKJ/KOGE pool on PancakeSwap, then quickly dumped large amounts of ZKJ. That heavy selling overwhelmed the market and caused the token’s price to collapse on both decentralized and centralized exchanges.

Their investigation also flagged a Wintermute-linked wallet that moved more than 3.39 million ZKJ tokens to centralized exchanges right around the time of the crash. The same wallet sent similar amounts to other addresses, including ones tied to exchanges, raising even more questions about what really happened.

“The initial investigation highlights substantial token transfers by Wintermute coinciding with extreme market volatility and a coordinated withdrawal of liquidity from PancakeSwap’s ZKJ/KOGE pool,” the team said.

“These actions removed critical market depth, particularly in a pool with fragile, concentrated liquidity provisioning.”

In the wake of the collapse, KOGE, the governance token for BNB48 Club, was also pulled into the controversy. Polyhedra co-founder Tiancheng Xie alleged that “KOGE rugged all of us”, hinting at coordinated manipulation. However, members associated with KOGE quickly denied involvement.

“After throwing $KOGE and Wintermute, only your damn air project is innocent,” adding more heat to the growing tension.

Polyhedra hasn’t directly blamed Wintermute, but the timing and size of the token transfers linked to them have raised a lot of questions in the crypto space. It’s sparked fresh debate about how vulnerable DeFi liquidity pools and centralized exchanges really are.

At the peak of the crash, ZKJ tumbled from $2 to just $0.32, a drop of more than 90% that wiped out close to $500 million in market value within a few hours. It has recovered slightly since then and was last seen trading around $0.39.

Also Read: Binance Drops Bombshell on Alpha Token Traders, What’s Going On?



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Polyhedra’s ZKJ token plunges 83% after liquidity crisis
Crypto Trends

Polyhedra’s ZKJ token plunges 83% after liquidity crisis

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Polyhedra Network’s native token, ZKJ, dropped over 83% on June 15, hitting an all-time low of $0.3073, after a series of abnormal transactions and mass liquidity withdrawals linked to its associated token, KOGE.

According to a June 15 post on x by Polyhedra, the incident stemmed from “abnormal on-chain transactions” involving the ZKJ/KOGE trading pair. KOGE, issued by a group known as 48 Club DAO, operates in close connection with ZKJ through shared liquidity pools and has been incentivized through Binance’s Alpha Points program.

Dear Polyhedra community — we want to emphasize that the fundamentals of Polyhedra remain strong, both in our technology and in the incredible support from our community. We’re continuing to build and push forward as planned.
Today’s price drop was caused by a series of abnormal…

— Polyhedra (@PolyhedraZK) June 15, 2025

Because the tokens are regularly traded against each other, their price dynamics are closely related. A chain reaction began when traders converted KOGE into ZKJ in large quantities as the liquidity in the KOGE/USDT pool dried up. This flooded the ZKJ/USDT pool.

Major holders pulled a sizable portion of KOGE and ZKJ from on-chain pools, according to Binance, starting a “liquidation cascade” that caused the prices of both assets to plummet. KOGE dropped from $62 to $24 while ZKJ fell from nearly $2 to $0.30.

On-chain analysts linked the price collapse to wallets farming Alpha Points. One wallet withdrew over 60,000 KOGE, roughly $3.7M, and 273,000 ZKJ, about $530K, while two others liquidated another $5 million combined. The rush was further heightened with a scheduled unlock of 15.5 million ZKJ tokens on June 19, which will add about $10 million in potential sell pressure to already stressed markets.

Community reports indicate that the KOGE/USDT pool was drained first, leaving holders unable to exit their positions. With KOGE/USDT liquidity gone, investors rushed to swap into ZKJ using the still-functional KOGE/ZKJ pool. The resulting spike in ZKJ redemptions overwhelmed its Tether (USDT) pair, leading to a chain reaction that pushed ZKJ to record lows.

Despite the collapse, Polyhedra insisted the project’s fundamentals remain strong and that it is conducting a full review of the incident. Binance responded by adjusting Alpha Points rules. Starting June 17, trades between Alpha tokens like KOGE and ZKJ will no longer count toward user point totals, a move intended to limit similar imbalances.

Binance is aware that ZKJ and KOGE have experienced significant price volatilities and our initial findings indicate the developments were a result of large holders removing on-chain liquidity, and liquidation cascade in the market.

In order to maintain market fairness and… pic.twitter.com/O89hpRVaQz

— Binance (@binance) June 15, 2025

The 48 Club has not publicly commented since the crash, though it had previously disclosed that KOGE was fully diluted at launch and stated no commitment to restrict token sales. DAO members expressed concerns, accusing the team of poor planning and lack of transparency.

A bullish scenario following the collapse will depend on Polyhedra’s ability to quickly restore market stability and provide insight into its liquidity structure and token utility. Rebuilding trust and slowing the selloff may be possible with a detailed post-mortem and structural changes like better isolation between the KOGE and ZKJ markets.

But if investor confidence continues to drop, a bearish outcome might occur, especially since another big ZKJ token unlock is scheduled for later this week. If there is no clear solution, selling pressure may persist and prices may level off, which would eventually damage ZKJ’s reputation.





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Crypto Trends

Cardano Dips 6% Amid Fierce Debate Over $100M Treasury Plan To Boost DeFi Liquidity

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Cardano’s ADA token declined 6.01% to $0.6412 as the market reacted to both macro volatility and a heated governance debate over a proposed $100 million treasury allocation aimed at strengthening the DeFi ecosystem.

On Wednesday, the TapTools team asked its followers on X what they think about the idea of deploying 140 million ADA (around $100 million) to provide liquidity for stablecoins like USDM and help power Cardano’s growing decentralized finance sector.

Not everyone is on board. Influential account @cardano_whale argued that introducing 140 million ADA in sell pressure under current market conditions would be damaging. He acknowledged the potential long-term DeFi benefit but warned that governance proposals are typically front-run by traders, meaning any public plan to sell ADA at $0.70 might end with that supply being sold at $0.50. Instead, he favored minting crypto-backed stablecoins like ObyUSD to avoid direct selling pressure.

Cardano founder Charles Hoskinson pushed back strongly, calling the sell pressure concerns a “false narrative.” In his view, the treasury could convert the 140 million ADA gradually over-the-counter or through algorithmic execution strategies like time-weighted average price (TWAP) orders to avoid market disruption. He emphasized that Cardano’s lack of stablecoin depth is holding the ecosystem back, and this initiative could not only address that gap but also generate sustainable, non-inflationary revenue for the treasury.

The community remains divided. While some see it as a bold step to finally give Cardano DeFi a stable foundation, others view the plan as premature, particularly given current market weakness and ADA’s inability to hold above $0.68. The debate has become a litmus test for how Cardano balances long-term growth with near-term token economics.

Technical Analysis Highlights

  • ADA fell from $0.688 to $0.625 before bouncing back to $0.641, a 6.01% drop on the day.
  • Volume spiked during the breakdown between 01:00–02:00 UTC, establishing strong support at $0.622.
  • A 58% recovery off the lows formed a rising channel, with higher lows pointing to mild accumulation.
  • Resistance at $0.645 has capped upward momentum for now, with buyers stepping in near $0.636.
  • Volume peaks at 13:50 and 14:00 UTC (2.6M and 5.7M ADA) suggest renewed interest but limited follow-through.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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XRP
NFT Gaming

Liquidity Levels Show XRP Price Is Headed Up, But Must Cross $2.40 First

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The XRP price appears to be approaching higher valuations as liquidity levels point to increasing buying pressure. According to a crypto market expert, this trend could set the stage for a potentially powerful rally. However, the altcoin must first break through the key resistance level at $2.40 to confirm a sustained move upwards.  

XRP Price Faces $2.4 Barrier Before Next Leg Up

XRP is currently displaying early signs of strong bullish momentum that could propel it to fresh highs. However, a crypto analyst on X (formerly Twitter), known as ‘CryptoInsightsuk,’ warns that a confirmed breakout in the XRP price will require a decisive move above the critical $2.4 resistance. 

One of the analyst’s price charts highlights that XRP is now testing a long-term descending trendline, which has consistently rejected previous upward attempts. CryptoInsightsuk notes that the token, which was trading around $2.28 at the time of the analysis, is struggling to hold above the $2.4 resistance level. The goal is to flip this crucial price point into support, as failure to do so could stall bullish momentum. 

Moving forward, XRP’s Relative Strength Index (RSI), located in the first price chart, is positioned near the neutral 51 mark, indicating a balanced momentum with possible room for further upside. While normal RSI remains evenhanded, its Stochastic RSI, situated at the bottom of the chart, has entered overbought territory. 

Source: CryptoInsightuk on X

The Stochastic RSI is currently above 80, which often signals a short-term cooldown or consolidation before another leg up. Despite the recent bounce, where XRP jumped from around $2.05 in January to approximately $2.8, the altcoin’s volume has remained relatively modest.

Notably, CryptoInsightsuk identifies $2.4 as the first real hurdle. A daily close above this threshold would signal the early stages of a potential trend reversal. However, the more substantial resistance remains at $2.6. Only a break above this level would fully confirm the bullish trend and potentially open the door to more aggressive upside targets. Until then, the pressure remains on bulls to sustain the altcoin’s momentum at this pivotal stage and push its price toward new breakout levels.

Liquidity Levels Signal Caution As Price Tests Resistance 

CryptoInsightsuk’s second XRP price chart reinforces his bullish outlook, offering a detailed look at the cryptocurrency’s liquidity levels and volume concentration. The analyst emphasized the importance of liquidity levels currently forming around the altcoin. These levels represent areas of strong market interest and typically serve as both resistance and potential magnets for price action. 

Notably, CryptoInsightsuk points out that liquidity can sometimes be left behind as price moves. Still, when it’s as dense and pronounced as it is now, it becomes a key factor in market behavior and future price movements. Despite XRP’s bullish structure, the analyst remains cautious, as strong liquidity nearby suggests that the area could become a trap if the price fails to break above it. 

XRP trading at $2.24 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, 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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Sberbank To Be Russian Crypto Platforms' Liquidity Provider
Crypto Trends

Sberbank To Be Russian Crypto Platforms’ Liquidity Provider

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Russia’s largest bank, Sberbank, is reportedly becoming one of the official market makers for the upcoming regulated crypto platforms following the country’s regulatory developments within its digital asset landscape. The bank reportedly expects the emergence of a “new world” of instruments for investing in digital assets.

Sberbank Becomes Official Liquidity Provider

On Tuesday, Alexander Zozulya, Director of Sberbank’s Global Markets Department, told local news outlet RBC that the state-owned bank will become a liquidity provider and market maker for Russian-regulated crypto platforms.

According to experts interviewed by RBC, investors have several open questions related to investors’ risks with the Central Bank’s proposal to launch digital assets trading, including liquidity providers for the new instruments.

Zozulya highlighted the Bank of Russia’s (BOR) initiative to legitimize digital asset transactions in a regulated framework where qualified investors will be allowed to trade directly with digital assets.

“The Bank of Russia has taken an important step by announcing the development of an Experimental Legal Regime (EPR) for cryptocurrency transactions. We expect the emergence of a legal ‘sandbox’ – an analog of a regulated cryptocurrency marketplace where highly qualified investors will be allowed to transact directly with cryptocurrencies,” Zozulya stated.

As reported by Bitcoinist, Russian Finance Minister Anton Siluanov announced a plan to establish a dedicated exchange for “highly qualified investors” alongside the BOR. Siluanov affirmed that this measure would “legalize crypto assets and bring crypto operations out of the shadows.”

During a mid-May speech, Elvira Nabiullina, Head of the Bank of Russia, explained that direct digital asset investments will require regulatory changes and a separate infrastructure. Therefore, the initiative should be carried out within the framework of an experimental legal regime and be available only to specific, qualified investors.

The status of qualified investors is expected to apply to entities or individuals with investments in securities and deposits exceeding 100 million rubles or with annual incomes surpassing 50 million rubles.

Reportedly, qualified investors were also expected to become participants in the ELR, while Russia’s financial regulator would announce additional requirements for financial organizations willing to invest in crypto.

However, Nabiullina revealed that the criteria for assigning investors to the new category are currently being discussed and that the BOR expects to coordinate the decision with the government and work out within the framework of the ELR.

Russia Prepares For Crypto-Based Products

In the interview, Sberbank’s Director of Global Marketing also specified that products without direct ownership of digital assets will be available to qualified investors, like Western exchange-traded funds (ETFs).

According to Zozulya, Russia’s largest bank plans to launch crypto-based investment products, which could be structured products, ETF-like products, or mutual funds, to offer exposure to Bitcoin (BTC), Ethereum (ETH), or a roster of digital assets without directly owning them.

He affirmed that Sberbank, alongside the BOR, is “moving in this direction quite quickly.” However, he noted that the launch will require finalizing regulatory changes, including amendments to the Civil Code, Tax Code, and the Central Bank rules.

“A specific list of necessary changes has already been identified. We already have the infrastructure ready; what remains is to add new instruments. Once this is allowed, there will be a “new world” of instruments for investing in cryptocurrency without owning it,” Zozulya concluded.

Bitcoin trades at $109,358 in the one-week chart. Source: BTCUSDT in TradingView

Featured Image from Unsplash.com, 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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