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3 Potential Reasons for AAVE’s Stunning Performance

by admin August 23, 2025

AAVE surged nearly 19% to $355 over the past 24 hours, according to CoinDesk Data, leading the top 40 cryptocurrencies by percentage daily gain as investors responded to its recent Aptos expansion and Federal Reserve Chair Jerome Powell’s dovish remarks.

What Aave is and why it matters

Aave is a decentralized finance protocol that lets users lend and borrow cryptocurrencies without intermediaries. Loans are managed by smart contracts, with borrowers required to post collateral valued above their loans.

The AAVE token underpins this system. It can be staked to support security and earn rewards, used as collateral for borrowing and grant holders governance rights. In return, tokenholders gain voting power and fee benefits, making AAVE central to protocol operations.

Aptos expansion

On Aug. 21, Aave Labs announced that Aave V3 had gone live on Aptos, its first deployment on a non-EVM blockchain. Developers rewrote the codebase in the Move language, rebuilt the user interface and adapted the protocol for the Aptos virtual machine.

The launch was supported by audits, a mainnet capture-the-flag competition, and a $500,000 bug bounty. The first market supports assets including APT, sUSDe, USDT and USDC, with supply and borrow caps to be raised gradually. Chaos Labs and Llama Risk conducted risk assessments, and Chainlink provided price feeds.

Aave Labs founder and CEO Stani Kulechov called the launch “an incredible milestone,” highlighting the shift beyond EVM chains after five years of exclusivity.

Jerome Powell’s Jackson Hole speech

Fed Chair Jerome Powell’s speech on Friday morning at the Jackson Hole Economic Policy Symposium added momentum. Powell said the balance of risks between inflation and employment had shifted, signaling that interest rate cuts could begin in September.

Markets viewed his remarks as dovish, with CME FedWatch data showing expectations for a quarter-point cut in September rising to 83% from 75% earlier in the week. U.S. equities and crypto have rallied broadly since Powell’s speech, with AAVE among the biggest movers.

WLFI exposure resurfaces

Another factor one analyst claims may not be fully priced in is Aave’s alleged exposure to WLFI, the governance token of World Liberty Financial (WLFI), the DeFi project associated with Donald Trump’s family.

In October 2024, the startup proposed launching its own Aave V3 instance on Ethereum mainnet.

The proposal stated:

“AaveDAO will receive:

20% of the protocol fees generated by the WLF Aave v3 instance
Approximately 7% of the total supply of $WLFI tokens for:
- Participation in WLF Governance procedures
- Liquidity mining
- Promoting decentralization of the WLF platform”

Simon, an analyst at Delphi Digital, noted on Saturday that with WLFI’s token set to begin trading Sept. 1 at an implied $27.3 billion valuation, Aave’s allocation could be worth around $1.9 billion — more than a third of its current $5 billion fully diluted valuation. He argued that this alleged exposure may be contributing to AAVE’s rally, even if investors are only now revisiting its significance.

However, according to a post on X by WU Blockchain published at 4:16 p.m. UTC on Saturday, the WLFI team is saying that the claim that “Aave will receive 7% of the total WLFI token supply” is false.

The post stated: “The WLFI team told WuBlockchain that the claim that “Aave will receive 7% of the total WLFI token supply” is false and fake news. Previously, a community member claimed that, according to a previously released proposal, AaveDAO would receive 20% of the protocol fees generated by the WLFI Aave v3 instance and approximately 7% of the total WLFI token supply.”

Technical analysis highlights

According to CoinDesk Research’s technical analysis data model, AAVE posted significant gains during the 24-hour trading period from Aug. 22 at 12:00 UTC to Aug. 23 at 11:00 UTC, climbing from $297.75 to $353.22 — an 18.65% increase that reflects growing confidence in the platform’s expansion strategy.
The digital asset traded within a $62.11 range, fluctuating between $294.50 and $356.60, with the most pronounced price movement occurring at 14:00 UTC on Aug. 22 when trading volume reached 340,907 units, significantly exceeding the daily average of 102,554 units.
Sustained buying pressure was observed during the final hour of the analysis period from 10:49 UTC to 11:48 UTC on Aug. 23, with AAVE advancing from $349.61 to $353.79.
Trading volumes consistently exceeded 3,000 units during key price levels at $352.55, $353.98, and $355.52, compared to the session average of 1,647 units, indicating what market participants describe as methodical institutional positioning.

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.

Updated at 6:19 p.m. UTC on Aug. 23 to include more information about Aave’s alleged exposure to the WLFI token, especially the X post by WU Blockchain that was published at 4:16 p.m. UTC on Aug. 23.

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August 23, 2025 0 comments

GameFi Guides

Top Reasons Why OKB Price Is Rising?

by admin August 22, 2025

The OKB token has delivered an explosive rally over the past few days, resulting in it catching traders and investors eye. Within one week, OKB has surged more than 104%, from around $117 on August 18, 2025 to $239 at the time of writing.

For a long time OKB has been trading around $50 and now it has jumped 4x, grabbing attention from all the market participants. This sharp price move has ignited an intense discussion about whether the token is entering a new bullish cycle or simply overheating for a short term.

Let us understand the top reasons why the OKB price has outperformed all the top cryptocurrencies in the market this week.

65 Million OKB burned, supply capped at 21 Million

As per the data of Etherescan, OKX permanently burned 65.26M OKB tokens worth approximately $7.3 billion on August 15. This has resulted in the total supply cutting down to 21 million from 300 million initially. With this, 52% of circulating tokens were forever lost. Notably, this move was a mirror to Bitcoin’s hard-capped model.

Ideally, scarcity mechanics typically boost demand if utility remains intact. Moreover, OKB’s fixed supply reduces bearish pressure while positioning it as a long-term asset. Historical data has proven that similar burns often resulted in major rallies.

Most Awaited X Layer network upgrade

Adding to this, OKX has upgraded its zkEVM-based X Layer to a high of 5,000 TPS and has also integrated it with core products such as wallet, exchange, and payment system. This shows a major upgradation in its fundamental prospects and further highlights a more stable long-term outlook.

A faster, more integrated network attracts developers and users, driving genuine adoption. This growth in on-chain activity directly increases the demand and utility for the OKB token. The OKX exchange has already initiated supply scarcity through its recent burn program, expanding utility at the same time, providing a strong fundamental basis for its recent price surge.

OKB Technicals Record Overbought Situation

In the weekly time frame, OKB has surged upwards with new momentum. The spike rise shows a high market turnover, and indicates a high demand among the investors. However, parabolic moves can be followed by massive volatility. Hence, under such situations, risk management is really important.

The Relative Strength Index (RSI) is resting at 94.15 which means that OKB is in the overbought zone (extremely bullish). Historically, trend has suggested caution and with such an outrageous surge, a pullback or consolidation period is highly likely within a short period. This further suggests a lookout for the altcoin, as it may experience a major correction within a short period.

On the other hand, a strong bullish move is supported by the Moving Average Convergence Divergence (MACD) line at 19.08 and the signal line at 14.27. Considering the present market sentiments, it is advised to closely monitor the price action of this altcoin.

The OKB Bullish breakout is supported by volume and momentum as seen in the chart. This trend suggests that the involvement of the bulls in the market has significantly increased.

A long-term perspective does not change, but the short-term traders can anticipate increased volatility and possible corrections in the near future.

Also Read: Wealthy Asian Investors Boost Crypto Holdings Amid Surge

Disclaimer: The Crypto Times does not endorse or promote this digital asset in any manner. This article was created only for educational purposes. Make sure to “DYOR” as the market is highly volatile. New positions should be done by traders being careful and awaiting volume-backed breakouts.

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August 22, 2025 0 comments

Crypto Trends

8 Reasons Why the Fed Might Not Want to Cut Rates in September

by admin August 20, 2025

Cryptocurrencies and related stocks extended losses Tuesday as traders braced for the release of the Fed’s FOMC minutes on Wednesday and Fed Chair Jerome Powell’s Jackson Hole speech on Friday.

Bitcoin dropped 3.2% in the past 24 hours to slip below $114,000, while ether fell 5.3% to under $4,200. XRP tumbled 6.2%, Cardano’s ADA slid 8% and the broader crypto market was down 3.2%.

Shares of crypto-related companies, such as bitcoin miners, crypto exchanges and digital asset treasury firms, suffered even bigger losses, with MARA, COIN and MSTR closing today’s regular session down 5.7%, 5.8% and 7.4%, respectively.

By contrast, in general, U.S. equities suffered less: the Dow ended flat, the S&P 500 fell 0.59%, and the Nasdaq slid about 1.5%. The disparity underscores how digital assets, which rely heavily on cheap liquidity, are more exposed to shifts in rate expectations than traditional stocks.

Investors now face a pivotal macro catalyst-heavy week.

On Aug. 20 at 2 p.m. ET, the Fed will release minutes from the FOMC meeting held July 29–30, offering insight into policymakers’ tariff and inflation debates. From Aug. 21–23, central bankers gather for the Jackson Hole symposium, with Powell’s keynote set for Aug. 22 at 10 a.m. ET. Together, the minutes and Powell’s speech could define market expectations for the September policy meeting.

Here are some top macro highlights traders will likely watch this week to gauge how the Fed will react during next month’s meeting.

Tariffs’ delayed bite

Many companies have absorbed tariff costs to protect market share, but analysts warn they cannot do so indefinitely. Once passed on to consumers, these costs could drive prices higher and force the Fed to wait before cutting.

Sticky inflation data

Despite some cooling, inflation gauges remain elevated. The producer price index, a key wholesale measure, has been hotter than forecast, suggesting persistent pressures that complicate any case for aggressive easing.

Corporate limits

U.S. executives have signaled they will eventually be forced to shift tariff costs downstream. If that happens, consumer inflation could accelerate in the coming months, making a September cut seem premature.

Mixed economic signals

The U.S. economy shows both slowing job growth and resilient consumer demand. This uneven picture could encourage Powell to argue for patience until the Fed has clearer evidence that growth can withstand tariff-driven costs.

Policy uncertainty

Tariffs intersect with fiscal and trade policies in unpredictable ways. That complexity increases the risk of missteps, making a hawkish tone at Jackson Hole more likely.

Lessons from history

The tariff shocks of 2018–2019 produced delayed but meaningful inflation, prompting Fed caution. Powell may draw on that precedent to justify holding back this time.

Forward-looking indicators

The upcoming release of fresh economic data, including Thursday’s release of preliminary August data on manufacturing and services activity, could show tariff-related cost pressures building. Powell could point to these as another reason for prudence.

Internal divisions

Minutes from the July FOMC meeting may reveal a split inside the Fed. With hawks focused on inflation and doves emphasizing jobs, Powell may stress the need for consensus, which often favors waiting.

For crypto, the stakes are clear. Higher-for-longer rates curb the liquidity that fuels speculative rallies, raising financing costs for miners and weighing on exchange activity. If Powell signals caution, the sell-off in tokens and crypto-linked equities could deepen. A dovish surprise, however, might offer the spark for a rebound.

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August 20, 2025 0 comments

NFT Gaming

Shiba Inu (SHIB) Price Just Got 66.3 Trillion Reasons to Not Add Zero

by admin June 25, 2025

Shiba Inu (SHIB) coin is showing signs of structural strength that a lot of people did not expect at this stage of the market. Looking at the latest on-chain data by IntoTheBlock, there is a whopping 66.3 trillion SHIBs stuck between the $0.000009 and $0.000012 price range.

That level of concentrated positioning is like a shield — and for now, it is a strong sign that SHIB is unlikely to dip below that range.

Why does this matter?

In crypto, zones with high wallet density tend to create friction. The price does not affect them easily unless a big macro or technical shock forces it.

Thus, while the market is still a bit volatile, SHIB’s current holders are in a zone where it is more likely to go up than down, unless something drastic happens with the market.

Why Is Ethereum Falling Today? Top 3 Reasons

by admin June 20, 2025

The Ethereum price has displayed increased bearish price action today, resulting in it retesting its $2,500 range. The value of ETH coin displayed signs of bullish build-up during the early Asian market, however, the value recorded a negative setback as the day proceeded.

On the other hand, the option expiry suggests a rising sell-off with more number of exiting the chain over the recent times. Amid such sentiment, investors are trying to understand the top reasons why Ethereum price is down today.

In this article, we will explore the short-term market sentiments and possible Ethereum price prediction.

Ethereum Options Expiry Suggests Increasing Bearish Sentiment!

The chart below from Laevitas highlights the ETH volume by expiration. It shows green bars representing calls, and red bars representing puts. The highest activity is observed on 21 of June 2025 (tomorrow) as the total volume of a contract amounted to 56.35K contracts (32.84K calls and 23.51K puts).

ETH Volume By Expiration, Source: Laevitas

The focus of the chart is that there have been trades around near-month expiration, specifically during this month, suggesting future volatility or market manipulations that may affect the forecast of the price of Ethereum on a significant level.

ETH Crypto Records Increased Outflow:

As per the data of DefiLlama, the Ethereum chain has experienced a significant drop over the past few weeks. Notably, from a peak of 27.99 million ETH on 06th of May, the numbers have dropped to 25.22 million today. This highlights a drop of approximately 10% in a span of 45 days.

Further, the sentiment highlights that more investors are now exiting the Ethereum chain, hinting at rising disinterest in it.

Ethereum Bulls Struggle At Key Moving Averages

The Simple Moving Averages (SMAs) 10, 50, 100, 200 is a key technical indicator used to analyze market trends by comparing price data over a specific number of periods. In the below chart, the SMA 100 & 200-days are on the verge of a negative crossover.

Moreover, they have acted as a strong resistance for the ETH coin price today as the altcoin faced a rejection at that point. This highlights a strong liquidation zone around that level that is $2,565. Following this, the value has dropped below the $2,500 mark, suggesting a rising bearish angle.

Additionally, the Volume shows a sharp increase in its latest candle, suggesting an increase in the selloff for Ethereum price in the shorter time frame. Volume is a key indicator used by traders to identify the bull and bear power in the market.

Considering the present market sentiments, the immediate test level of ETH coin stands at $2,475. Suppose, the bearish sentiment intensifies, this could lead the price to drop toward its crucial support of $2,384.75 within a short period.

However, a bullish reversal could lead the price toward its resistance of $2,525. A sustained bullish action may push the value of Ethereum price toward its upper resistance level of $2,578 shortly.

Also Read: Fed May Cut Rates in July, How will it Impact Bitcoin and Crypto?

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June 20, 2025 0 comments

Crypto Trends

3 Reasons Why Ethereum Price Could Soon See a ‘Violent Move’ Above $2.8K

by admin June 19, 2025

Key takeaways:

Spot ETH ETF net inflows totalled $861.3 million over the last two weeks.
Total ETH staked and accumulated are at all-time highs.
ETH price could rally toward the bull flag’s target of $4,100 if a key trendline breaks.

Ether’s (ETH) price rose to a four-month high at $2,880 on June 11, before correcting to the current value at $2,550.

Several analysts said a key resistance remains at $2,800, and the price needs to flip this into support to trigger a “violent move upward.”

“Ethereum price price action is compressing right below this big $2.8K level,” said popular crypto analyst Daan Crypto Trades in a June 16 post on X

The trader asserted that a decisive close above this level would be a “good setup” for a move higher.

“If we see a convincing break above $2.8K and hold there, that would be a good setup for a move to the cycle highs around $4K.”ETH/USD two-day chart. Source: Daan Crypto Trade

Fellow analyst Jelle shared a chart showing ETH price compressing a tight range below a key resistance level above $2,800 and said:

“Generally speaking, these structures only end in one way; a strong and violent move.”

Several bullish signs suggest that ETH is well-positioned to break above $3,000 in the following days or weeks.

Continued spot ETF inflows back ETH upside

One factor supporting Ether’s bullish argument is persistent institutional demand, reflected by significant inflows into spot Ethereum exchange-traded funds (ETFs).

Related: Ether price stable near $2.4K as crypto investors bet on long-term growth

Spot Ether ETFs saw a 19-day inflow streak before it broke on June 13, but rebounded with three consecutive days of fresh inflows between June 16-18, including over $19 million on Wednesday. These investment products have seen net inflows totaling $861.3 million over the last two weeks, as per data from Farside Investors.

Spot Ethereum ETF flows. Source: Farside Investors

As Cointelegraph reported, these inflows have been the highest since January 2025 and reflect growing confidence among traditional finance players, despite initial market panic from the Israel-Iran conflict.

Staked ETH and accumulation addresses hit new highs

Ether staked increased by more than 500,000 ETH between June 1 and June 15, pushing the total locked amount to a new all-time high of over 35 million ETH.

This growth signals rising confidence and a continued drop in liquid supply. This creates scarcity that can drive prices up if demand holds or grows.

ETH: Total value staked. Source: CryptoQuant

In a June 16 QuickTake, CryptoQuan’s analyst OnChainSchool also pointed out that Ether’s accumulation addresses (holders with no history of selling) have also reached an all-time high, now holding 22.8 million ETH worth approximately $58 billion at current rates.

This signals strong investor confidence and minimal selling pressure, often a precursor to price rallies.

The analyst said:

“These two metrics combined position Ethereum as one of the strongest crypto assets in terms of long-term fundamentals and investor conviction.”

ETH price needs to flip the 200-day SMA trendline

Data from Cointelegraph Markets Pro and TradingView shows that ETH price is stuck between two key levels: the 200-day simple moving average (SMA) at $2,600 acting as resistance and the 50-day SMA at $2,450 as support.

ETH bulls were required to reclaim the 200-day SMA to ensure a sustained recovery toward $3,000 and beyond.

The last time the BTC price broke above this trendline, it rallied 40% from $3,130 on Nov. 9, 2024, to its multi-year high of $4,100 on Dec. 15, 2024.

ETH/USD daily chart. Source: Cointelegraph/TradingView

The bull flag pattern, on the other hand, indicates a potential breakout toward $3,900, as shown in the chart below.

ETH/USD daily chart. Source: Cointelegraph/TradingView

As Cointelegraph reported, Ether’s breakout from a cup-and-handle chart pattern could result in 51% gains to $4,200.

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.

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June 19, 2025 0 comments

Crypto Trends

Bitcoin (BTC) to $120,000? Key Reasons Why

by admin June 11, 2025

Bitcoin is circling just below the critical $112,000 mark once again, teasing its all-time high. Currently trading close to $109,900, Bitcoin has demonstrated remarkable tenacity and upward momentum after a successful recovery from the $105,000 support zone. Technically, Bitcoin is still in a strong upward trend. While remaining well above the 100-day ($97,901) and 200-day ($92,302) moving averages, the price has continuously honored the 50-day moving average, which is currently around $105,645.

As long as momentum does not reverse, this bullish structure indicates that Bitcoin is still in a strong position for another leg up. However, the data on social sentiment is even more revealing. Santiment claims that there have been several spikes in the period, Bitcoin’s all-time high being mentioned on various social media platforms, especially on June 2, 4, 5 and 9. It is interesting to note that each of these spikes was followed by brief price corrections, demonstrating how crowd greed frequently heralds temporary peaks.

BTC/USDT Chart by TradingView

The good news is that these spikes have not yet reached the absolute top levels that have been historically recorded. The amount of conversation surrounding ATH is high right now but by no means extreme. This suggests that the crowd has not yet reached complete euphoria and that there is still psychological space for Bitcoin to rise, perhaps surpassing its all-time high of $112,000. A favorable atmosphere for additional price growth is produced by this delicate fusion of technical strength and restrained social sentiment.

The next attempt at the ATH might have enough momentum to overcome resistance and send Bitcoin into price discovery mode, provided that it stays above the $105,000 support and social volume does not go crazy. To sum up, Bitcoin is at a turning point.

Thanks to technical momentum and a generally upbeat but reasonable crowd, sentiment it is trading very close to setting a new record. Bitcoin may be about to surpass its all-time high – not just reach it – if retail euphoria is kept in check.

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June 11, 2025 0 comments

NFT Gaming

Analyst Reveals 4 Major Reasons Why Buying Dogecoin Now Is A Good Move

by admin June 9, 2025

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

Dogecoin (DOGE) appears to be gearing up for a bullish reversal after enduring a prolonged downtrend. Notably, a crypto analyst has shared a technical report outlining four compelling reasons why now may be an opportune time to buy DOGE. With the meme coin expected to execute a breakout to new price highs soon, purchasing it at a lower price could set investors and traders up for potentially huge gains.

Why Dogecoin Is The Smart Buy Now

TradingView crypto analyst KJThaLibra has shared a detailed chart analysis of Dogecoin, explaining why buying the meme coin at its current price may be the smartest move investors could make. The analyst highlighted four compelling reasons that support a potential bullish breakout for Dogecoin.

The first and most compelling reason outlined by the analyst is the presence of a Bullish Divergence pattern on the Relative Strength Index (RSI). While DOGE’s price recently recorded a lower low, the RSI has printed a higher low, signaling weakening bearish momentum. This divergence often precedes trend reversals and has historically been a reliable early indicator of upside movement.

Source: KJThaLibra on Tradingview

The second reason emphasized by the TradingView analyst is that Dogecoin’s RSI has entered oversold territory on the daily chart. This suggests that selling pressure may be overextended, and a price bounce could be imminent as buyers regain control. Further supporting this is the formation of a higher low in price action. This structural development breaks the pattern of lower lows that have defined Dogecoin’s multi-month downtrend.

A higher low on the daily chart reflects a possibly strengthening market sentiment and a potential reversal from bearish conditions. Notably, Dogecoin’s higher low is positioned just below a critical descending trendline that has acted as a resistance since 2024, adding further weight to it’s bullish setup.

Confirmed Resistance Sets Stage For Major DOGE Rally

The aforementioned descending trendline has been tested multiple times by Dogecoin in the past. KJThaLibra has stated that typically, the more frequently a resistance trendline is respected, the more intense a breakout tends to be once it is finally breached.

With Dogecoin currently trading just below this critical trendline, a decisive breakout above it, especially supported by strong volume, could trigger a wave of momentum, potentially propelling the meme coin’s price to new highs. According to KJThaLibra’s chart, the projected scenario points to a rally toward $0.4. This bullish thesis, underpinned by the confirmed resistance, is the final reason the analyst believes now is a good time to buy Dogecoin.

Notably, the trajectory of the outlook involves a breakout above the trendline, followed by a brief retest of the broken resistance as a new support and then a possible bullish continuation to higher price levels. Currently, Dogecoin is trading at $0.18, meaning a surge to $0.4 would represent an impressive 122.22% increase.

DOGE trading at $0.21 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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June 9, 2025 0 comments

Crypto Trends

Top 4 reasons why XRP price may surge 50% in June

by admin June 2, 2025

XRP remains in a technical bear market after falling 37% from its peak earlier this year. Its price is stuck at the same level where it began the year, underperforming Bitcoin, which has risen 15% in 2025.

Ripple (XRP) price was trading at $2.140 on Sunday as its volume and futures open interest remained under pressure. This article highlights the top four reasons it may jump by 50% and retest the year-to-date high of $3.4 in June.

The Securities and Exchange Commission will decide on Franklin Templeton’s XRP ETF by June 17. Approval would likely help boost the XRP price because of the expected inflows from Wall Street investors. JPMorgan analysts estimate the fund would attract over $8 billion in funds in the first year. However, the likely scenario is that the SEC delays the approval again, possibly until October. Polymarket traders place the odds of approval by July 31 at 21%, and by the end of the year at 83%.
Crypto traders are pricing an eventual XRP price breakout in the coming weeks. The eight-hour funding rate has remained in the positive zone in the past few weeks. A positive funding rate is essential data in perpetual futures, meaning traders anticipate the price to be higher.
As we wrote here, there are signs that Bitcoin will make a bullish breakout. We cited the bullish forecasts by top analysts and the fact that it is forming the handle section of the cup-and-handle pattern. This pattern points to an eventual Bitcoin surge to $143,000. A Bitcoin price breakout will likely push other cryptocurrencies, including XRP, higher.
The final reason the Ripple price may break out and surge to $3.4 is its strong technicals. See below.

XRP funding rate | Source: CoinGlass

XRP technicals

The accumulation and distribution indicators point to increased accumulation. This means that XRP may now be in the accumulation phase of the Wyckoff Theory.

It will move to the markup, which has higher demand than supply.

XRP price chart | Source: crypto.news

The XRP price has remained slightly above the 200-day moving average. It has also formed a giant bullish pennant pattern, comprising a vertical line and a triangle. A pennant often leads to a strong bullish breakout.

XRP has also formed an inverse head-and-shoulders pattern. As such, a breakout will see it retest the resistance at $3.3842, up almost 50% from the current level.

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June 2, 2025 0 comments

GameFi Guides

Crypto Expert Sells Off Bitcoin Holdings, Gives Reasons Why

by admin May 29, 2025

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

Crypto expert Crypto Beast has made a shocking revelation, stating that he has sold off his Bitcoin holdings just as the flagship crypto recently hit a new all-time high (ATH). The expert further gave reasons why he made this move, indicating he was looking to pivot to altcoins.

Expert Gives Reasons Why He Sold Off Bitcoin Holdings

In an X post, Crypto Beast stated he has sold all his Bitcoins. He opined that BTC’s dominance has peaked and will drop massively in the coming months, suggesting that the top might be in for the flagship crypto following its latest rally to a new ATH. The expert added that the BTC price cannot record another 100% move from here, while most altcoins he holds will still witness a 5x to 20x surge.

Source: Crypto Beast on X

He also revealed that he plans to sell his altcoins at their peak and buy back Bitcoin during the bear market. In an X post, crypto analyst Rekt Capital also commented on BTC’s dominance. He noted that May is coming to a close and that the dominance is firmly positioned for a successful retest of 64% as support.

The analyst added that any short-term dips in the Bitcoin dominance would still enable altcoin moves. However, he warned that the BTC DOM still looks positioned for more upside towards the 71% area over time. In an earlier X post, he stated that Bitcoin has just begun its “Price Discovery Uptrend 2” and that it still has many weeks of upside ahead.

Rekt Capital noted that there will be normal dips and pullbacks for Bitcoin during this uptrend, but the general macro upside lies ahead. Veteran trader Peter Brandt also raised the possibility of the BTC price rallying to as high as $150,000 by August, indicating that the flagship crypto has more room to rally to the upside.

Altcoin Season Is On The Horizon

Crypto analyst Mikybull Crypto has made a case for altcoins, predicting that they would soon enjoy massive gains while Bitcoin’s dominance declines. In an X post, the analyst stated that altseason is brewing and that it is becoming clear on the chart. In another X post, he remarked that the Bitcoin dominance is looking to plunge and that it is time for altcoins to show.

Ethereum is known to usually lead this altcoin season, and Mikybull Crypto is confident that a parabolic rally is loading for the ETH price. In an X post, the crypto analyst stated that ETH is breaking out and that $3,200 is the next target for the altcoin.

At the time of writing, the Bitcoin price is trading at around $107,938, down in the last 24 hours, according to data from CoinMarketCap.

BTC trading at $108,408 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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May 29, 2025 0 comments