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SellOff

HBAR/USD (TradingView)
Crypto Trends

Heavy Selloff Triggers Bearish Trend

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HBAR saw sharp selling pressure on Oct. 3, with momentum intensifying in the final hour of trading. After briefly reaching $0.224, the token fell to $0.222, breaching key support and ending the session down 0.9%.

The steepest drop came between 13:50 and 14:00, when volumes spiked above 3 million, signaling institutional distribution and panic-driven selling. Repeated failures to reclaim $0.224 leave HBAR vulnerable to further downside toward $0.220.

Across the broader 23-hour period from October 2 to 3, HBAR dropped 3.6% from $0.23 to $0.22 on surging volume of 51.3 million, underscoring heavy institutional participation in the selloff.

Despite near-term weakness, attention remains on a potential SEC decision in November on spot crypto ETFs. With backing from governing council members like Google and IBM, Hedera could benefit from regulatory approval even as its technicals point to ongoing pressure.

HBAR/USD (TradingView)

Technical Metrics Indicate Ongoing Weakness

  • HBAR formed a distinct downward trajectory following its peak at $0.23 on 2 October 19:00, with resistance developing at the $0.23 threshold where prices repeatedly reversed lower during multiple trading sessions.
  • Essential support developed at $0.23 around midnight on 3 October, followed by an additional support area near $0.22, although both thresholds demonstrated vulnerability under continuous selling momentum.
  • Trading volume characteristics revealed elevated activity throughout the initial decline and subsequently during the 13:00 session on 3 October with 51.3 million in volume, indicating institutional engagement in the bearish movement.
  • Technical deterioration intensified during the final hour as HBAR struggled to maintain recovery efforts above $0.22 resistance threshold, validating the breach of essential support thresholds.
  • Substantial volume surges exceeding 3 million and 2.5 million during the 13:50-14:00 window coincided with intense selling activity, demonstrating institutional distribution and fear-driven selling.

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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Bitcoin
NFT Gaming

Bitcoin Whale Deposits To Binance In Record Volumes – Is Another Major Sell-Off Brewing?

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

This week in the cryptocurrency sector began on a significant bearish note, and Bitcoin, the leading digital asset, has declined strongly toward the $112,000 price level. With the crypto king experiencing a persistent decrease in price, key BTC investors are seen shifting their coins into crypto exchanges at a rapid rate.

Whales Moving Bitcoin Into Binance

Bitcoin’s recent downward trend in the last few days appears to have impacted the sentiment of major investors on crypto exchanges. In a recent post on X, CryptoQuant, a leading on-chain and data analytics firm, has outlined a growing shift among investors on Binance, the largest crypto exchange.

Presently, Bitcoin is witnessing a fresh wave of investor activity as massive whale inflows of BTC are being funneled into Binance. Such a trend frequently occurs before periods of increased volatility, as whales seek to either profit from the current state of the market or prepare for impending market drivers.

With large holders possibly getting ready for big trading or positioning moves, this rise in high-volume transactions indicates renewed market intensity. While BTC is seeing robust downward movement, Maartuun highlighted that whale activity on Exchanges typically corresponds with these fluctuations.

BTC large investors’ inflows to Binance | Source: Chart from CryptoQuant on X

According to the market expert, whales continue to have a huge impact on the market and usually utilize the Binance exchange as their main trading platform. This implies that the development could reshape BTC’s current price dynamics and trajectory in the short term.

In the meantime, the expert has underscored the importance of monitoring the Whale to Binance Flow ratio. Data shows that inflows from large holders to Binance reached about $120 million during the sell-off on September 22. After these massive deposits, an additional $52 million was observed flowing into the platform in the early hours of September 23. 

Maartuum noted that these transfers suggest that whales are constantly moving a substantial portion of their coins into Binance, with the aim of executing on the market. Combining the transfers between September 22 and 23, it marks the second-largest inflow to Binance in the past month, around the current high of $116,000.

BTC Future Open Interest Moves Downward

Given Bitcoin’s decline in price, several key metrics are beginning to exhibit bearish action. One of the metrics highlighted by Glassnode that is showing a negative trend is the BTC Futures Open Interest Perpetual.

In its post on X, the leading data analytics platform reported that the metric experienced a drop from $44.8 billion to $42.8 billion, as BTC’s price pulled back to $113,000. According to Glassnode, the flush in leverage reflects reduced exposure to market speculation. Furthermore, it is frequently a healthy reset that can reduce the likelihood of forced liquidations and stabilize derivatives markets.

BTC trading at $112,502 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

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



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Crypto market selloff deepens as Bitcoin and altcoins fall
Crypto Trends

Crypto market selloff deepens as Bitcoin and altcoins fall

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The crypto market is under renewed bearish pressure as Bitcoin continues to struggle under $113,000 and major altcoins bleed, deepening a sell-off that commenced earlier in the week.

Summary

  • The crypto market is witnessing more downturn.
  • Bitcoin and altcoins like Ethereum, Solana, and Ripple are also down with losses of 4-10% on the week.
  • Some altcoins like Aster, Mantle, and BNB have posted gains, defying the broader market trend.
  • Traders are eyeing ‘Uptober’ for potential recovery, which has historically served as a bullish month.

The crypto market downturn that has further extended, compounding Monday’s sharp decline that saw over $1.7 billion positions liquidated from the market. Despite a brief recovery attempt, Bitcoin and several major altcoins remain under pressure, with weak momentum and fading investor confidence across the board.

Bitcoin slides as crypto market bleeds

Per market data from crypto.news, Bitcoin (BTC) trades at $112,786 at press time, down 3.5% over the past week. After peaking above $118,000 last week, the crypto king has struggled to reclaim lost ground, briefly dipping below $112,000. 

Sellers continue to dominate, alongside strong outflows from exchange-tracked funds. The negative pressure continues to weigh on price, and unless BTC breaks above $113,500, further downside toward $111,000 appears likely. A move above $115,000 would be the first sign of recovery.

Bitcoin price chart | Source: crypto.news

Ethereum (ETH)

Ethereum (ETH) has mirrored Bitcoin’s price weakness as the crypto market downturn continues, dropping from its recent high near the $4,700 range to a low of $4,100. At the time of writing, ETH is trading around $4,174, hovering just above support. The RSI at 39.95 suggests nearing oversold conditions, while the 9-day SMA at $4,401.65 looms as resistance.

If ETH fails to hold $4,100, a deeper correction toward $4,000 could follow. Conversely, a breakout above $4,250 would signal a potential shift in momentum.

ETH price chart | Source: crypto.news

Solana (SOL)

Solana (SOL), the sixth-largest cryptocurrency by market capitalization, has also seen steep losses. The asset is now down nearly 10% over the past seven days. SOL price is currently around $211, marking a sharp decline from its recent surge above $250.

SOL price chart | Source: crypto.news

For now, Solana’s price remains under the 9-day SMA at $231.94, confirming bearish sentiment. If $204 breaks, the asset could revisit the $195–$200 zone.

Ripple (XRP)

Also under pressure in the ongoing crypto market slide is Ripple (XRP), currently trading at $2.87, down 4.7% so far this week. Although it posted a modest 1.65% gain on the latest daily candle, resistance at $2.90–$3.00 remains strong. The asset’s broader performance has been muted, and if momentum fails to improve, a breakdown below $2.85 could push prices lower, potentially toward $2.75.

XRP price chart | Source: crypto.news

Still, some altcoins are showing resilience. Binance Coin (BNB) is up roughly 3% on the day, while Mantle, PUMP (PUMP), and CAKE (CAKE) have posted gains up to 5%. Aster (ASTER) stands out as the day’s largest gainer, surging 35% as it defies the broader market’s sluggish trend.

Despite the current weakness, optimism surrounds the upcoming “Uptober” period, historically known for crypto rallies. However, unless sentiment improves and selling pressure eases, volatility is expected to persist.



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A cycling team riding in a paceline. (James Thomas/Unsplash)
NFT Gaming

3 Make-or-Break Bitcoin Price Floors as Sell-Off Gathers Steam

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As bitcoin’s [BTC] recent sell-off accelerates, analysts are focusing on three critical price support levels that could shape the cryptocurrency’s near-term trajectory.

The first key level is $112,000, identified by Swissblock Technologies. “As long as $112,000 holds and the Risk stays stable, BTC can rebuild strength,” Swissblock noted on X.

The firm’s proprietary Bitcoin Risk Index aggregates on-chain valuation and cost-basis data to gauge market volatility—rising readings indicate risk aversion and potential price swings, while low or stable levels suggest bullish sentiment.

On Monday, the risk index hovered near zero, signaling optimism despite BTC’s 1.7% drop to $112,600 in the past 24 hours, with prices briefly dipping as low as $111,717, according to CoinDesk data.

Swissblock also highlighted $110,000 as a “lifeline support.” Historical charts reveal that in the December-January period, buyers struggled to hold BTC above this level, marking it as a significant zone to monitor.

The third crucial support is the on-chain metric known as the “short-term holder cost basis,” currently at $111,400.

Analytics firm Glassnode defines this as the average purchase price for wallets that have acquired bitcoin within the last 155 days. This indicator is widely regarded as a battleground between bulls and bears—prices above it generally reflect bullish conviction. In contrast, sustained trading below it could signal increased risk of sell-offs or a shift toward a bearish market structure.

“Sustained trading below this level could signal a shift toward a mid- to long-term bearish market structure,” Glassnode explained on X.

Together, these three levels – $110,000, $111,400, and $112,000 – form a delicate support zone that traders are closely watching as bitcoin navigates this volatile phase.



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GameFi Guides

Bank of Japan's Historic ETF Unwind Sparks Market Sell-Off, Dip in Crypto

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The Bank of Japan (BOJ) spooked markets Friday by announcing it will begin unwinding its $250 billion in exchange traded funds (ETFs) and Japanese Real Estate Investment Trusts (JREITs), assets it accumulated since 2010 as part of its ultra-loose monetary policy.

Under the plan, the central bank will sell ETFs with a book value of ¥330bn ($2.2 billion) annually, equivalent to ¥620bn ($4.2 billion) at market prices. BOJ Governor Kazuo Ueda stressed the pace would be deliberately slow, noting it would take more than a century to fully dispose of the holdings.

The announcement came alongside a decision to hold the bank's benchmark rate at 0.5% by a 7-2 split vote. Uncertainty over the next rate decision, with two members pushing for an immediate hike, has raised expectations of tightening as soon as October. Japan’s core CPI rose to 2.7% in August, well above the BOJ’s 2% target.

The Nikkei fell over 1% on Friday, while Japan’s 10-year JGB climbed to 1.64%. Crypto dipped alongside, with bitcoin falling back to just above $116,000 after threatening the $118,000 hours earlier.

The move comes against a fragile backdrop. As CoinDesk has reported, Japan’s debt-to-GDP ratio sits near 240%, with bond yields at multi-decade highs. Rising borrowing costs could pose a serious risk to fiscal sustainability.



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$1B Sell-Off Sends Jucoin Exchange’s Ju Token Down 70%
GameFi Guides

$1B Sell-Off Sends JuCoin Exchange’s JU Token Down 70%

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JuCoin’s token JU has suffered a dramatic collapse, plunging more than 70% within hours on Tuesday evening. The token, which had recently touched a high of $23.86, dropped to $7.66 around 4:45 PM. By late night, JU was trading at $7.08, wiping out billions in value in one of its steepest single-day falls.

JuCoin moved quickly to reassure users, saying that its operations remain unaffected and that all funds are secure. The exchange added that trading and other business functions are running normally.

Ju is currently priced at $7.08, crashing down 71%, with a market cap of $144.31 million and 24-hour trading volume valued at $1.07 billion, down by 20.63%.

Regulatory Scrutiny Adds Pressure

The sharp decline came just days after blockchain investigator ZachXBT flagged JuCoin as a “sketchy” sponsor of the upcoming Token2049 conference. He pointed to the exchange’s history of shifting regulatory compliance and anonymous trading practices. Earlier this year, JU also faced questions after allegations involving its trading partner.

The warnings have fueled fears of stricter oversight, with some drawing parallels to scandals like JPEX, where regulatory troubles sent its token’s value crashing.

Investor Confidence Shaken

Even JuCoin’s announcement in July of a $100 million expansion program for its blockchain has done little to restore faith. 

Investors are still uneasy about JuCoin’s lack of transparency. The project hasn’t released proper audits, its team is mostly anonymous, and a significant portion of its trading occurs on smaller exchanges that lack strong oversight.

As these concerns grew, many investors decided to pull out. JU saw more than $1 billion worth of trades in a single day, showing just how quickly panic set in and how uncertain the outlook has become.

Volatility Adds to the Worry

Experts have also flagged JU’s unusually high trading activity compared to well-established coins like Bitcoin. Such erratic movement has fueled talk of possible manipulation and added to the belief that JU’s market is far from stable.

The Road Ahead

Attention now turns to whether JU can hold above its yearly low of $6.03. Some traders may look for a short-term bounce after the steep fall, but overall sentiment remains weak. Any move from regulators in Singapore or South Korea could decide the token’s fate.

For JuCoin, the immediate task is to rebuild trust. With more than 70% of its value erased in a single day, investors are left wondering whether JU can stage a recovery — or if this is the start of a deeper crisis.

Also Read: KindlyMD Stock Crashes 55% After CEO Warns of Volatility



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Can PUMP price hit a new ATH amid whale selloff?
GameFi Guides

Can PUMP price hit a new ATH amid whale selloff?

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PUMP price rallied over 70% in the past week, driven by its aggressive buyback strategy, even as whales booked profits en masse.

Summary

  • PUMP price is up over 70% on the weekly time frame.
  • Whales and smart money have been dumping their PUMP holdings.
  • PUMP is trading within an ascending parallel channel pattern, which could position it for a 20% upside rally.

According to data from crypto.news, Pump.fun (PUMP) was trading at $0.0083 last check Sep. 16 afternoon Asian time, up 71% over the past week and 260% from its lowest point in July. At this price, the token is just 5.4% below its recent all-time high of $0.0088. 

However, PUMP’s current rally could face the risk of a pullback as whales have started offloading their holdings lately. 

Data from Nansen shows that the total amount of tokens held by whale wallets has dropped 25% over the past seven days to 19.39 billion. At the same time, tokens held by Smart Money wallets and public figures’ wallets have also declined by 48% and 9%, respectively.

Source: Nansen

Even though sell-offs from whales and high-profile holders often trigger retail FOMO, which leads to increased selling pressure, so far, it has failed to hamper PUMP’s upside rally.

Pump’s price rally over the past week has been fueled by several catalysts, with the most prominent being Pump.fun’s aggressive buyback program initiated in early July. As per reports, the project has purchased nearly $95 million worth of PUMP tokens from the open market since it began the strategy.

When a project repurchases its own tokens, it reduces the number of tokens available in circulation. Such a reduction in supply increases scarcity, which can help support the token’s price if demand continues to remain high, as is the case with PUMP.

Another factor that has been fueling PUMP price is the introduction of a new creator revenue-sharing program along with the reactivation of its livestreaming feature on the platform. Notably, Pump.fun now allocates 50% of its PumpSwap DEX revenue directly to builders on the platform, giving them a strong incentive to remain active within the ecosystem.

In a recent X announcement, the platform revealed it paid out over $4 million to creators this week alone, the majority of which went to first-time creators. The development suggests that Pump.fun is aiming to support emerging builders on the platform, which has helped enhance user engagement and add further hype around the token.

Other bullish developments include PUMP securing a listing on Binance, the world’s largest crypto exchange, and its mobile app nearing the top 100 ranks. Both milestones have boosted the token’s visibility, which in turn could attract more investors.

That being said, once selling pressure wanes, the bullish developments surrounding the token could provide the foundation for its next leg higher.

On the 4-hour chart, PUMP price has formed an ascending parallel channel pattern over the past week. An ascending parallel channel is a bullish continuation pattern formed when an asset’s price trades within a channel formed by higher highs and higher lows.

PUMP price has formed an ascending parallel channel pattern on the 4-hour chart — Sep. 16 | Source: crypto.news

In the meantime, PUMP’s 50-day simple moving average was above the 200-day SMA, thereby completing a golden cross. When this signal appears, it is often a sign that market sentiment may be shifting from bearish to bullish.

On the daily timeframe, the MACD lines have formed a positive crossover. This adds to the bullish bias, reinforcing the possibility of continued upward momentum as traders respond to improving technical conditions and renewed buying interest.

PUMP MACD chart — Sep. 16 | Source: crypto.news

Provided PUMP remains within the ascending parallel channel, the next target is the psychological resistance at $0.01, about 20% above the current level. A breakout above this with strong volume would put the token into short-term price discovery.

On the other hand, if the price falls below $0.007, the 78.6% Fibonacci retracement level, the setup would be invalidated and could lead to a drop toward $0.0065, the next retracement support.

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



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HBAR/USD (TradingView)
NFT Gaming

HBAR Tumbles 5% as Whales Trigger Selloff

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Hedera Hashgraph’s HBAR token endured steep losses over a volatile 24-hour window between September 14 and 15, falling 5% from $0.24 to $0.23. The token’s trading range expanded by $0.01 — a move often linked to outsized institutional activity — as heavy corporate selling overwhelmed support levels. The sharpest move came between 07:00 and 08:00 UTC on September 15, when concentrated liquidation drove prices lower after days of resistance around $0.24.

Institutional trading volumes surged during the session, with more than 126 million tokens changing hands on the morning of September 15 — nearly three times the norm for corporate flows. Market participants attributed the spike to portfolio rebalancing by large stakeholders, with enterprise adoption jitters and mounting regulatory scrutiny providing the backdrop for the selloff.

Recovery efforts briefly emerged during the final hour of trading, when corporate buyers tested the $0.24 level before retreating. Between 13:32 and 13:35 UTC, one accumulation push saw 2.47 million tokens deployed in an effort to establish a price floor. Still, buying momentum ultimately faltered, with HBAR settling back into support at $0.23.

The turbulence underscores the token’s vulnerability to institutional distribution events. Analysts point to the failed breakout above $0.24 as confirmation of fresh resistance, with $0.23 now serving as the critical support zone. The surge in volume suggests major corporate participants are repositioning ahead of regulatory shifts, leaving HBAR’s near-term outlook dependent on whether enterprise buyers can mount sustained defenses above key support.

HBAR/USD (TradingView)

Technical Indicators Summary
  • Corporate resistance levels crystallized at $0.24 where institutional selling pressure consistently overwhelmed enterprise buying interest across multiple trading sessions.
  • Institutional support structures emerged around $0.23 levels where corporate buying programs have systematically absorbed selling pressure from retail and smaller institutional participants.
  • The unprecedented trading volume surge to 126.38 million tokens during the 08:00 morning session reflects enterprise-scale distribution strategies that overwhelmed corporate demand across major trading platforms.
  • Subsequent institutional momentum proved unsustainable as systematic selling pressure resumed between 13:37-13:44, driving corporate participants back toward $0.23 support zones with sustained volumes exceeding 1 million tokens, indicating ongoing institutional distribution.
  • Final trading periods exhibited diminishing corporate activity with zero recorded volume between 13:13-14:14, suggesting institutional participants adopted defensive positioning strategies as HBAR consolidated at $0.23 amid enterprise uncertainty.

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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CoreWeave CEO Michael Intrator testifies before the Senate Committee on Commerce, Science, and Transportation in the Hart Senate Office Building on Capitol Hill on May 08, 2025 in Washington, DC. The tech leaders testified about the global artificial intelligence race and where the United States can remain competitive. (Photo by Alex Wong/Getty Images)
GameFi Guides

Why is BNB Down Today? Price Rise Cut Short by Market Sell-Off After Israeli Strike in Qatar

by admin



BNB swung sharply between gains and losses in a volatile 24-hour stretch. The token dropped to an $872 low earlier before rallying to $884 and then seeing a sharp reversal wipe out those gains.

The initial drop took BNB from around $880.50 to a low of $871.99. From there, the token staged a comeback, peaking near $884.60 before selling pressure brought it back down to its current level at $873.6.

That rebound came on a wave of trading activity, with volume spiking to nearly 60,000 tokens, particularly around $876, a level that acted as key support during the session, according to CoinDesk Research’s technical analysis model.

However, things quickly turned around for the token, which fell more than $5 in just minutes on a volume spike that coincided with a broader market sell-off. That drop came after reports that Israel launched an attack against Hamas’ leadership in Qatar.

While the broader crypto market fell, the price of gold saw a bump that saw futures near a new record at $3,700 an ounce, while gold-backed cryptocurrencies PAXG and XAUT hit highs of before dropping back.

Meanwhile, CoinDesk Data’s latest Exchange Review report revealed that Binance saw $2.63 trillion in futures trading volume last month, a new monthly record. Along with Bybit and Crypto.com, it was one of the largest exchanges by spot trading volume.

BNB can be used to pay for trading fees on Binance, allowing users to get a 25% trading discount on fees being paid. It’s also the native token of the BNB Chain.

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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ETH/USD (TradingView)
NFT Gaming

Ethereum Staking Queue Overtakes Exits as Fears of a Sell-off Subside

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Ethereum’s validator entry queue has surged past the exit queue for the first time in weeks, signaling renewed demand to stake ether (ETH) just as fears of a major sell-off subside.

At the time of writing, 932,936 ETH ($4 billion) sits in the entry queue compared with 791,405 ETH ($3.3 billion) in the exit queue, according to validatorque.com data. Three weeks ago, the exit queue stood at 816,000 ETH, leading to concerns over whether the market would be able to absorb sell pressure once the tokens were unlocked.

The turnaround was fueled in part by an Ethereum ICO participant who resurfaced after eight years of dormancy. The long-term holder moved 150,000 ETH ($645 million) into staking earlier this week.

Read more: Ethereum ICO Whale Stakes $646M After Three Years Dormant

The investor originally bought 1,000,000 ETH for just $310,000 during Ethereum’s 2014 token sale. Even after staking, the wallet retains 105,000 ETH ($451 million) across two wallets, with the bulk of his holdings untouched.

ETH/USD (TradingView)

Ether has been down by around 4% since Aug. 15, when the exit queue hit 816,000, hardly the sell-off that many predicted despite a wider market pullback. During the same period, BTC was down by 7%, while several altcoins experienced double-digit declines.

Long-term bet

Ethereum’s proof-of-stake system continues to act as both a release valve and an attractor of capital. While last month’s exits reflected nervousness, today’s entry queue flip highlights confidence in long-term staking rewards and potential structural demand from ETFs.

As DeFi analyst Ignas noted in August: “While the unstaking queue is at ATH, so are ETF inflows.”

Now, with exits cooling and entries surging, the balance may be tilting back toward staking as a long-term bet on Ethereum’s growth.



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