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Bitcoin Traders Pile Into Futures, Is A Rebound Incoming?

by admin August 25, 2025

Key takeaways:

Bitcoin futures demand continues rising despite the recent price weakness, indicating sustained trader engagement.
The put options maintained a premium over calls, reflecting persistent bearish sentiment among investors.

Bitcoin (BTC) traded down to $109,400 on Monday, its lowest level in more than six weeks. The correction followed an $11 billion sale by a 5-year dormant whale that had been dormant for 5 years, with proceeds rotating into Ether (ETH) spot and futures on decentralized exchange Hyperliquid.

Despite the price decline, demand for Bitcoin futures surged to an all-time high, prompting traders to ask whether $120,000 is the next logical step.

Bitcoin futures open interest, BTC. Source: CoinGlass

Bitcoin futures open interest climbed to an all-time high of BTC 762,700 on Monday, up 13% from two weeks earlier. The stronger demand for leveraged positions shows traders are not abandoning the market despite a 10% price drop since Bitcoin’s all-time high on Aug. 14.

While this is a positive indicator, the $85 billion in futures open interest does not necessarily reflect optimism, since longs (buyers) and shorts (sellers) are always matched. If bulls lean too heavily on leverage, a dip below $110,000 could trigger cascading liquidations.

Bitcoin 2-month futures annualized premium. Source: Laevitas.ch

The Bitcoin futures premium is currently at a neutral 8%, up from 6% the previous week. Notably, the metric has not remained above the 10% neutral threshold for more than six months, meaning even the $124,176 all-time high failed to instill broad bullishness.

Leverage shakeout highlights liquidity but sparks suspicion

The recent decline blindsided overleveraged traders, leading to $284 million in liquidations of long positions, according to CoinGlass data. The event showed that Bitcoin maintains deep liquidity even on weekends, but the speed of execution raised suspicions, given that the seller had held the position for years.

Bitcoin perpetual futures annualized funding rate. Source: Laevitas.ch

The Bitcoin perpetual futures funding rate dropped back to 11% after a short-lived uptick. In neutral markets, the rate usually ranges between 8% and 12%. Some of the muted sentiment can be explained by $1.2 billion in net outflows from US-listed spot Bitcoin ETFs between Aug. 15 and Aug. 22.

To assess whether this level of caution is worrying, traders should examine the BTC options market.

Bitcoin options 30-day delta skew (put-call). Source: Laevitas.ch

Put (sell) options are currently trading at a 10% premium over call (buy) instruments, a clear sign of bearish sentiment. While excessive fear is evident, it is not unusual following a $6,050 Bitcoin price drop in just two days. Market psychology has likely been influenced by whales shifting exposure from Bitcoin to Ether, though such flows tend to stabilize over time.

Related: Strategy buys $357M in Bitcoin as price drops to $112K

Although recent weakness has weighed on sentiment, the prospect of a Bitcoin rally toward $120,000 has not vanished. Still, any sustained upside likely hinges on renewed spot ETF inflows, especially as global growth remains uncertain. For now, the $13.8 billion monthly options expiry on Friday could serve as the catalyst that determines whether investors re-enter the market.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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August 25, 2025 0 comments

NFT Gaming

Crypto Trader’s $2M social pressure campaign claims MEXC froze $3M for a year

by admin August 25, 2025

A cryptocurrency trader launched a $2 million social media pressure campaign against MEXC, claiming that the digital asset exchange had frozen more than $3 million worth of his personal funds for no clear reason.

In July 2025, centralized cryptocurrency exchange (CEX) MEXC allegedly froze $3.1 million worth of personal funds without any terms of service violations, according to pseudonymous crypto trader the White Whale.

In response, the trader is launching a $2 million social media pressure campaign against MEXC, claiming that the exchange had requested a one-year review period before unfreezing the user’s funds.

“I’m Putting a $2M Bounty Up For Grabs (half can be claimed by YOU),” wrote the White Whale in a Sunday X post, adding:

“What kind of review takes 12 months – without a single update, document, or charge?”

Numerous other traders are affected by similar account freezes, the trader said, adding that the industry’s most successful participants are “punished for winning.”

Source: the White Whale

Related: US retirement plans could fuel Bitcoin rally to $200K despite downturn: Finance Redefined

In response to his account suspension, the trader launched a social media campaign, requesting that users mint a free non-fungible token (NFT) on the Base network, tag MEXC or its chief operating officer’s X account with the “#FreeTheWhiteWhale” tag, and change their profile pictures to the above image.

For completing these tasks, $1 million of the bounty will be equally divided among the first 20,000 NFT holders, awarding each holder $50 USDC (USDC), provided that MEXC releases the frozen funds.

Another $1 million worth of USDC will be allocated to “verified, carefully vetted charities,” with the trader promising onchain receipts after the donations.

Source: The White Whale

The trader claimed to have previously completed the exchange’s Know Your Customer (KYC) verification process.

Cointelegraph was unable to verify the frozen account independently. Cointelegraph has approached MEXC for comment on the matter.

Related: Andrew Tate shorts Kanye West’s YZY, racks up $700K losses on Hyperliquid

“White whale” claims to surpass MEXC market makers before $3 million freeze

The trader claimed that his funds were frozen due to being more profitable than the exchange’s crypto market makers, firms or individuals who provide liquidity by placing consistent buy and sell orders to ensure smooth trading.

“My only conceivable offense? I was too profitable,” wrote the pseudonymous trader, adding:

“I consistently beat their external market makers – the firms they quietly partner with to be the counterparty to trades (this is public record).”

Crypto market makers are among the most misunderstood participants of the digital asset market, often blamed by traders for deliberately manipulating cryptocurrency prices, despite a lack of evidence.

Still, research from Acheron Trading suggested that 78.5% of new crypto launches between April and June 2024 were conducted in a manner that disrupted fair price discovery, detrimentally affecting both end-users and the projects themselves.

Breakdown of premarket listing approaches. Source: Acheron Trading

Moreover, 69.9% of primary token listings were “Parasitic,” meaning that market makers were exploiting premarket conditions by creating artificial scarcity and sentiment around the token.

Magazine: Solana Seeker review: Is the $500 crypto phone worth it?

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August 25, 2025 0 comments

GameFi Guides

Traders Are Shifting to Ethereum as Bitcoin Volatility Drops

by admin August 23, 2025

Bitcoin, once known to be the most volatile market in the finance space, is now acting calm and steady. The big swings that once made it famous are fading and this is pushing investors that love taking high risk to look for action somewhere else.

According to a report from Bloomberg, the world’s largest cryptocurrency is beginning to look more like a traditional stock than a risky gamble.

Bitcoin’s annual volatility has dropped to 38%, according to Bytetree Asset Management. The number was close to 200% over a decade ago. This means Bitcoin now moves in the same way that known firms like Tesla, Starbucks and co move. Some investors believe that the calm movement is because Bitcoin is turning into a long-term hold, and no longer for fast profits.

Because of this, attention is shifting to Ethereum, the second largest crypto on the chart. Recently, on several trading days this month, Ether exchange-traded funds (ETFs) have matched or even beaten Bitcoin in inflow due to shift in demand and purchase from corporate firms.

For instance, BlackRock’s Ether ETF, which was launched in April 2024, has already built $5.5 billion in open options positions. This equals about 40% of all Ether options on the trading platform Deribit. For many traders, this proves Ethereum has become the new place for faster price changes.

“This is not an everything rally,” said Jeff Dorman, chief investment officer at digital asset firm Arca. He explained that trading action is mainly focused on Bitcoin and Ethereum, not on smaller tokens.

However, the motivations differ between the two assets. “For many traders, the Bitcoin trade has already played out,” said Vivek Raman, founder of research firm Etherealize. “Ethereum still feels under-owned, more volatile, and more reactive.”

This month alone, Ether ETFs have seen $2.5 billion in inflow, while Bitcoin funds have suffered net outflows of $1.3 billion, according to Coinglass data.

But, the risk still remains, Arthur Azizov of B2 Ventures predicted that Ether prices could continue to consolidate between $3,900 and $4,400, but warned the price could slip toward the low $3,000s if leveraged trades unravel. As of the time of writing this report, Ethereum is trading for $4,775, up 13% today, according to CoinMarketCap.

“Ethereum is moving into a risk-off sentiment,” said Bradley Duke, European head of Bitwise. “A short squeeze can’t be ruled out, but for now, many funds are preparing for a pullback.”

Also Read: SharpLink Approves $1.5B Stock Buyback Tied to ETH Holdings

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August 23, 2025 0 comments

GameFi Guides

Two Bitcoin Price Levels Sophisticated Traders Are Watching Out For

by admin August 22, 2025

In brief

Traders are focused on key strikes in the options market as positioning turns defensive.
Recent shifts in rate cut odds have weighed on sentiment heading into Friday’s remarks from Fed Chair Jerome Powell.
A neutral tone from Powell could disappoint markets already pricing in a September cut.

Bitcoin traders are closely monitoring two price levels as U.S. Federal Reserve Chairman Jerome Powell prepares to deliver his highly anticipated address at Jackson Hole on Friday.

The options market is currently sending mixed signals, with data suggesting a defensive posture even as a potential for another rally in the second half of this year remains.

A negative 25 Delta Skew suggests traders are paying more for call options—or the right to buy at a certain strike price—reflecting a tilt towards a bullish bias.

Still, it’s worth noting that the Skew has declined slightly over the past 24 hours, hinting at a dip in traders willing to put up cash to stay in their positions ahead of Friday’s event.

Bitcoin is down nearly 5% over the past week, trading near a two-week low of $113,000, according to CoinGecko.

The cautious shift aligns with last week’s market correction after rate cut expectations declined on the back of weaker-than-expected producer data and rising core inflation.

“The event risk is high ahead of Fed Chair Powell’s remarks at Jackson Hole,” James Toledano, Chief Operating Officer at Unity Wallet, told Decrypt in an email.

“Volatility positioning is likely to remain defensive through the speech, followed by either renewed direction or status quo afterwards,” Toledano said.

Heavy volume and open interest for Bitcoin options are currently clustered at the $110,000 and $120,000 strikes, signaling key areas of demand and supply, Deribit data shows.

High stakes

The speech on Friday is a high-stakes decision for Powell, especially with mounting pressure from Washington to cut interest rates to as low as 1%.

The CME FedWatch Tool, puts the odds of a quarter-point September rate cut at 75%, which would lower the federal funds rate to a target range of 4% to 4.25%

Odds have slid more than 15% since the release of the latest producer price index data last week.

The most likely outcome from Friday is still a “sort of technocratic grey,” Haonan Li, CEO of Codex, a crypto infrastructure company backed by Circle and Coinbase, told Decrypt.

Li, a former head of cryptoeconomics at OP Labs and a former investment analyst at Oak Hill Advisors, expects Powell to maintain a neutral, data-dependent tone without committing to a September rate cut.

Options analysts that Decrypt spoke to previously are aligned with that view, suggesting institutions are not optimistic about the meeting.

That could be a tall order for short-term investors who purchased the top crypto over the past 30, 60, and 90 days. That cohort is now holding their investment at a loss or close to breakeven, Santiment data shows.

Li cautions that if the market consensus around a rate cut is wrong, “risk assets like Bitcoin and Ethereum will fall.”

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August 22, 2025 0 comments

Crypto Trends

Chainlink (LINK) Price Eyes $30 as Traders Watch $27 Breakout

by admin August 22, 2025

Chainlink (LINK) seems to be standing out in the crypto space now as its price displays a strong bullish trend. According to the experts on social media platform X, the token is preparing for an incredible push.

Recently various analysts have shared their own take on the token with some suggesting a price correction while others expect even bigger gains ahead for LINK in the short term.

For instance, CryptoFeras on X, sees $26.6 as a resistance level and explained that if the price breaks the point, LINK could push up to $30.85 in coming days. The same analyst also noted that if the price decides to fall back to $22, the level could act as a strong buying zone which could give investors a chance to re-enter the market.

At the time of writing, Chainlink is trading at $24.98, which shows a 4.27% drop in the past 24 hours, while trading activity has dropped by 19% compared to the previous day. This results in $2.27 billion in trading volume, according to CoinMarketCap.

However, on the technical side, LINK has recently broken out of a bullish flag and pole pattern and is now facing resistance near $27.

Meanwhile, the Relative Strength Index (RSI) stands at 65. This means the token is not yet in overbought territory and still has room for growth.

LINKUSD Weekly Price Chart | Source: TradingView

In addition to this, data from Ali chart on X shows Chainlink has been adding nearly 3,000 new wallet addresses every day. This is its fastest growth in the past five months. This surge in network participation is a bullish sign because it reflects higher interest from new users entering the LINK ecosystem.

However, on-chain metrics are flashing a different signal. According to Coinglass, LINK’s major liquation points are at $24.29 on the downside and $26.69 on the upside. This is where traders have taken large leverage position

Data also shows that around $48.53 million in long trades and $13.18 million in short trades are positioned at these levels. One red flag still remains. More than $18 million worth of LINK tokens have recently been transferred onto exchanges, which often mean that some long-term holders might be preparing to sell.

Despite this, experts and traders remain focused on whether LINK can clear the $27 resistance level and continue its push toward the highly anticipated $30 mark.

Also Read: Shiba Inu Price Prediction: Key Levels to Watch Now

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August 22, 2025 0 comments

NFT Gaming

Top Binance Traders Cut XRP Longs Ahead of Powell’s Speech

by admin August 21, 2025

According to Binance data, top XRP accounts are holding fewer longs ahead of Jerome Powell’s Jackson Hole appearance, trimming exposure before one of the biggest macro events of the summer.

On Aug. 20, long accounts made up 78.12% of top margin users, with shorts at 21.88%, giving a ratio of 3.57. As of Aug. 21, the number of longs dropped to 74.15%, while shorts increased to 25.85%, bringing the ratio down to 2.87.

What are options?

Markets are still pricing a pretty good chance — more than 80% — of a rate cut in September, but that could change if Powell does not support it. His focus on labor market weakness could boost risk assets, but if inflation dominates the message, it could drag them down.

Finally, if he sticks to “data dependent” language, the reaction could stay relatively contained.

Bitcoin Options Traders Split Ahead of Fed’s Jackson Hole Meeting

by admin August 21, 2025

In brief

Options data indicates that Bitcoin traders are split, with nearly equal bullish and bearish block trades.
Experts suggest markets will be closely watching for Powell’s tone if there’s no clear decision surrounding rate cuts.
They also said crypto’s bullish market structure remains intact in the long term.

Bitcoin traders are entering a high-stakes standoff ahead of Federal Reserve Chair Jerome Powell’s highly anticipated speech at the Jackson Hole symposium on Friday.

With conflicting macroeconomic signals and mixed investor sentiment, the directional bias remains unclear for U.S. equities and crypto.

The July CPI report, delivered earlier this month, provided a bullish signal with rate cut hopes, prompting a crypto market rally that pushed Bitcoin to an all-time high in the first two weeks of August.

Subsequent PPI data release, however, has elevated inflation concerns, further aggravating ambiguity over whether the Fed intends to cut rates this year, including next month.

Bitcoin has dropped from 8% from its August 14 all-time high of around $124,128 to $114,170 following a sharp decline over the past seven days, CoinGecko data shows.

Despite Bitcoin being near record highs, “the market is pricing in roughly an 85% chance of a rate cut at the September FOMC meeting,” John Haar, managing director at Swan Bitcoin, told Decrypt.

“Powell is likely to keep his comments relatively neutral in order to keep his options open,” Harr added.

To cut or not to cut, that is Powell’s question

While bond traders remain adamant that a cut will arrive in September, the uncertainty has led to a split in investor expectations and betting in the derivatives market.

The “block bullish and bearish trades were nearly equal,” Adam Chu, Chief researcher at GreeksLive, an options trading platform, told Decypt.

Even with marked trading volume, “short-term implied volatility declined,” Adam said, indicating “institutional investors are not very optimistic that this meeting will bring about significant volatility.”

In any case, the market’s reaction hinges on Powell’s tone.

“It’s clear that many investors are hoping for a rate cut,” James Gernetzke, CFO at Exodus, told Decrypt.

Gernetzke believes that while a rate decision may not become clear until future data is released, investors should still “take note of his tone—this will matter just as much as the specifics.”

“Bitcoin and crypto assets are sensitive to global liquidity conditions and should respond favorably to any further signal the Fed will continue on its dovish path,” Gerry O’Shea, head of global market insights at Hashdex, told Decrypt.

A hawkish tone, however, could spark a renewed sell-off in equities and crypto.

But Gernetzke also offered a nuanced view, noting that this crypto market cycle is “atypical due to regulatory tailwinds” and institutional adoption, which “could soften the blow of a hawkish Powell.”

O’Shea echoed that sentiment, arguing that any negative near-term decision on rates wouldn’t impact the long-term investment case for crypto, supported by institutional adoption and favorable policy from the White House.

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August 21, 2025 0 comments

Crypto Trends

Traders debate which coin will hit $1 first in the 2025-26 memecoin cycle

by admin August 20, 2025

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

Dogecoin eyes the $1 milestone, but newcomer Little Pepe’s fast-selling presale is stealing the spotlight.

Summary

Dogecoin eyes $1, but LILPEPE’s fast presale raises $19.5m and gains momentum.
Its Layer-2 blockchain, low fees, and presale speed fuel 2025 price hype.
With 500× upside forecasted, LILPEPE could outpace Dogecoin in the race to $1.

Every memecoin cycle seems to have its big race, and for 2025–26, the finish line is clear: the $1 mark. Dogecoin has been inching toward it for over a decade, buoyed by Elon Musk tweets, retail nostalgia, and its place as crypto’s most recognizable joke token.

But this time, it’s not running alone. Little Pepe has stormed into the conversation, pulling in millions during its presale and selling tokens at a pace that’s hard to ignore.

Dogecoin: The meme veteran with a ceiling

Dogecoin is still the original memecoin brand. It’s the face plastered across internet culture, tipped in Reddit threads, and name-dropped by Elon Musk. That recognition is worth a lot in a market where perception drives price.

Right now, DOGE trades in the $0.23–$0.24 range. For it to touch $1, investors would need roughly a 4×–5× return. That’s not outlandish, but it’s more about sustaining cultural relevance than breaking new technological ground. Its structure is part of the problem.

DOGE is inflationary, adding new coins endlessly, and its proof-of-work chain offers little beyond transaction capability. Without DeFi layers, NFT markets, or smart contract support, DOGE’s growth story leans entirely on the meme and the crowd behind it. Analysts generally see it hitting $1 in a bullish run, but not in the explosive move that makes millionaires overnight.

Little Pepe: The infrastructure-powered underdog

LILPEPE doesn’t just want to join the memecoin conversation; it wants to rebuild the stage it’s happening on. The project runs on its own Ethereum-compatible Layer-2 blockchain, purpose-built for memecoins, combining:

Ultra-low fees for rapid trading
Zero taxes to encourage volume
Sniper-bot protection to prevent unfair early grabs
A meme-focused launchpad for community-driven projects

It’s a setup designed to attract speculative traders and become the go-to network for launching and hosting memecoins. But what’s catching traders’ attention right now is the presale speed. LILPEPE has already raised over $19.5 million across its first 10 stages.

Stage 11, priced at $0.0020, is disappearing fast, with more than 500 million tokens sold in under 24 hours, with less than 1 billion left before the price moves up to $0.0021. Early buyers from Stage 1 have already doubled their investment before the token even hits the open market.

Price predictions range from $0.10–$0.50 by the end of 2025 (50× returns) to more extreme forecasts of $1–$2 within the same timeframe, should the hype and adoption curve hold. At $1, that’s roughly 500× from today’s presale price.

The $1 race: Closer vs. faster

Some traders believe DOGE is the obvious frontrunner purely by proximity, just $0.76 away from the target. But the math hides the real story. For DOGE, a 4× jump requires a wave of mainstream adoption or a market frenzy strong enough to absorb billions in buying pressure.

For LILPEPE, the leap to $1 is mathematically massive, but these kinds of runs happen in short, intense bursts in the world of low-cap, high-hype memecoins. In the last two cycles, we’ve seen coins move from fractions of a cent to multiple dollars in under a year when momentum hit critical mass.

Community, hype, and the X-factor

Dogecoin’s community is loyal, but also older and less aggressive in viral marketing. LILPEPE’s crowd, by contrast, is in full-throttle mode, leveraging social media pushes, influencer endorsements, and a $777,000 giveaway to keep momentum high.

It’s also already topping memecoin trend trackers, outranking PEPE, DOGE, and SHIB in mentions from June through August 2025.

Add in confirmed exchange listings and whale accumulation, and you have a token building both the infrastructure and the hype machine before it even launches.

Bottom line

Dogecoin could hit $1; it’s been the dream of its holders for years, and with the right market conditions, it’s achievable. But LILPEPE isn’t waiting for the market to hand it an opportunity; it’s engineering one through tech, scarcity, and a presale that’s moving in real time. Ultimately, the race to $1 might not be about who’s closer but about who’s running faster. For traders willing to take the bigger risk for the bigger prize, LILPEPE’s path might be worth betting on.

To learn more about Little Pepe, visit the website, Telegram, and X.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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August 20, 2025 0 comments

GameFi Guides

Traders Tilt Bearish on August BTC, ETH Targets as Retail Lags Institutions

by admin August 19, 2025

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.

As East Asia begins its trading day, BTC is trading at $116,263, down 1.1% on the day and 2% lower on the week, according to CoinDesk market data, while ETH sits at $4,322, off 3.8% in the last 24 hours but still up 2.6% weekly.

The CoinDesk 20 (CD20), an index tracking the largest crypto assets, is down 2.4%.

Polymarket odds suggest traders are bracing for weakness through the end of August. The most likely outcome for BTC is now a close below $111,000 with a 34% probability, while ETH’s highest-weighted scenario is a finish near $4,800 at 43%.

Enflux, a Singapore-based market maker, said the market is being pulled in two directions.

“The market remains caught between strong underlying institutional conviction, highlighted by Strategy Inc.’s additional 430 BTC purchase and structural financing shift, and a lack of immediate retail follow-through,” it wrote in a note to CoinDesk.

Enflux pointed to VanEck’s reiterated $180,000 year-end bitcoin target as evidence that institutions are positioning for continuation, even as retail-favored narratives such as XRP and DOGE have been capped by the SEC’s delays on ETF approvals.

Solana remains an exception, Enflux wrote, with “quiet strength” from its dominance in USDC transfers and PumpFun’s share of new token issuance.

Still, derivatives positioning shows caution.

QCP reported in a recent market update that perpetual funding rates turned negative over the weekend, a setup that preceded earlier pullbacks, and options skews now favor puts across maturities.

The result is a market that looks structurally supported at the top but tactically defensive into Thursday’s Jackson Hole symposium, where Fed Chair Jerome Powell is expected to address policy under the weight of higher-than-expected inflation and a White House that continues to challenge the Fed’s neutrality.

With crypto search interest at a four-year high and the GENIUS Act sailing through Washington, and now in the hands of regulators, the foundation for a broader rally is still being built.

But for now, prediction markets and price action suggest conviction is concentrated at the top, while flows remain selective.

(CoinDesk)

Market Movers

BTC: Bitcoin swung between $114,993 and $117,620 on August 18, with volumes far above average as traders digested Treasury Secretary Scott Bessent’s clarification that strategic reserves would be filled through budget-neutral acquisitions rather than direct government purchases as well as anticipated the upcoming Jackson Hole summit where Jerome Powell is expected to outline the case for keeping rates as is.

ETH: Ethereum fell 3% to $4,330.61 on Aug. 18 amid heavy volatility and repeated resistance near record highs, even as U.S. spot ETFs drew $3.71 billion of inflows in stark contrast to ongoing retail selling.

Gold: Gold hovered near $3,333–$3,394 an ounce Monday, rising in early U.S. trading as position-squaring set in ahead of the Fed’s Jackson Hole symposium, where Chair Jerome Powell may hint at September rate cuts, while traders also weighed U.S.-Ukraine diplomacy and broader geopolitical uncertainties shaping haven demand.

Nikkei 225: Asia-Pacific stocks mostly slipped Tuesday ahead of White House talks between Trump, Zelenskyy and European leaders, though Japan’s Nikkei 225 edged up 0.1% and the Topix was flat.

S&P 500: U.S. stocks were little changed Monday as the summer rally showed signs of fatigue ahead of Fed minutes, major retail earnings, and Jerome Powell’s Jackson Hole speech later this week.

Elsewhere in Crypto

U.S. Treasury Department Starts Work on GENIUS, Gathering Views on Illicit Activity (CoinDesk)
After Attacking Monero, Qubic Sets Its Sights on Dogecoin—Here’s Why (Decrypt)
Michael Saylor Eases Stock-Sale Limits as Bitcoin Premium Falls (Bloomberg)

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August 19, 2025 0 comments

GameFi Guides

Bitcoin Cash Breaks Out, Cardano Breaks Down as Crypto Traders Hold Breath on Fed: Analysis

by admin June 25, 2025

In brief

Bitcoin Cash (BCH) rallies 6% with strong buying pressure and positive momentum indicators.
Cardano (ADA) slides 3.5% below key moving averages with bearish signs all around.
Fed is holding rates steady, and crypto traders eagerly await clearer monetary policy direction.

The effects of the ceasefire between Israel and Iran seems to have already been digested by traders as markets today cool down after big jumps earlier this week. Only two coins (Pi and Maple Finance) are up more than 10% with the average price appreciation in the top 100 coins by market cap being around 2%, and the average dip around that mark too.

But crypto traders are pushing upwards: total cryptocurrency market cap across the sector is up to $3.283 trillion, a modest 0.81% daily increase.

Traditional markets also remained relatively stable with the S&P 500 rising slightly to 6,097 points, gaining 0.07% from the previous session. The Federal Reserve’s decision to maintain interest rates at 4.25%-4.5% continues to create a wait-and-see environment, with Fed Chair Jerome Powell stating the central bank is “well positioned to wait” for more economic clarity. Looking ahead, traders on Myriad—a prediction market developed by Decrypt’s parent company Dastan—currently believe the Nasdaq will outperform the S&P 500 in the month of June.

Meanwhile, some coins are—as usual—doing better than others today, with Bitcoin Cash and Cardano traders making moves—perhaps with the urge to feel something on an otherwise boring markets day.

Bitcoin Cash (BCH) breaking out

Bitcoin Cash trading data. Image: TradingView

Bitcoin Cash, the original fork of the original Bitcoin, demonstrated its strength today, surging approximately 6% to $481.30 as it successfully breached the critical $470 resistance level that had capped prices throughout most of the month. This breakout came with substantial trading volume and multiple bullish technical confirmations.

The Relative Strength Index, or RSI, sits at a healthy 61, indicating strong bullish momentum without reaching overbought territory. This reading suggests buyers are in control, but there’s still room for further upside before hitting the typical 70+ overbought threshold where profit-taking often occurs. The RSI measures the speed and magnitude of price changes, and readings between 50-70 are generally considered bullish momentum zones.

The Average Directional Index, or ADX, reads 20, just below the crucial 25 threshold that confirms established trend strength. While this indicates the trend is weak and still developing rather than fully established, the rising trajectory suggests momentum is building toward a more decisive breakout. The ADX measures trend strength regardless of direction—readings above 25 typically signal strong trending conditions that traders often follow.

Moving Average Configuration: BCH is trading well above both its 50-day EMA (around $385) and 200-day EMA (near $352), creating a widening gap known as the “moving average divergence.” This growing separation signals a strong, sustained trend. The 50-day EMA, averaging prices over roughly 2.5 months, often acts as dynamic support in an uptrend, while the 200-day EMA reflects the broader market direction. With the 50-day EMA above the 200-day, short-term momentum is outpacing the longer-term trend—recent buyers are paying significantly more than those who entered 200 days ago, and the expanding distance between the two lines suggests that buying pressure remains intense.

The Squeeze Momentum Indicator shows “ON” status with an upward trajectory, suggesting price compression is being released to the upside. This indicator identifies periods when volatility contracts before major moves—the “ON” reading indicates the squeeze is active and momentum is building. This is not definitive, but suggest caution, either with a strong price break in a positive direction, or a heavy correction to come.

Overall, BCH is going up, but it’s possible that traders interpret its current zone as a tough one with indicators giving mixed signals.

Key Levels:

Immediate support: $460-$470 (recent breakout zone now becomes support)
Strong support: $385 (50-day EMA)
Immediate resistance: $500 (psychological level and next major barrier)
Strong resistance: $540 (measured move target from recent consolidation)

Cardano (ADA) breaks down

Are Cardano dudes even into Cardano anymore? During his most recent livestream, Cardano founder Charles Hoskinson proposed the Cardano Treasury get rid of nearly $100 million worth of ADA to buy a basket of stablecoins alongside Bitcoin and other synthetic assets.

Take this however you want. This is either a good sign for the network, as it helps increase DeFi liquidity and further decentralize the structure for long-term ecosystem growth, or the team doesn’t want the risk of hodling a coin that has not had a true bullish cycle since 2021.

Cardano (ADA) trading data. Image: TradingView

During the last 24 hours, markets seem to have taken the news with bitterness. ADA experienced a stark 3.5% drop to $0.5669 as multiple technical indicators flashed bearish signals.

The price action suggests ADA is struggling to maintain key support levels amid broader altcoin weakness.

Cardano (ADA) trading data. Image: TradingView

The RSI has dropped to 35, approaching oversold territory below 30 but not yet there. This reading indicates selling pressure is intensifying, and while oversold conditions could eventually trigger a relief bounce, the downward momentum suggests more weakness may be ahead. RSI readings below 40 often indicate bearish momentum, especially when accompanied by other negative signals.

The ADX registers 26, confirming a strong trend is in place. However, with the price declining, this strong ADX reading actually confirms the bearish trend’s strength rather than supporting a bullish case. This is why technical analysts always examine ADX alongside price direction—a high ADX with falling prices indicates strong downward momentum.

ADA trades below both its 50-day and 200-day EMAs, with the indicators showing a concerning pattern. The price trading below both moving averages suggests the trend has shifted bearish across multiple timeframes. When shorter-term averages fall below longer-term ones, it typically indicates sustained selling pressure and loss of investor confidence.

The Squeeze Momentum Indicator shows “OFF” status with negative momentum, indicating recent volatility has been released to the downside and further compression may be limited. This often translates to continued directional movement—in this case, potentially more downside.

Key Levels:

Immediate support: $0.5500 (psychological level and potential bounce zone)
Strong support: $0.5000 (major psychological level)
Immediate resistance: $0.5900 (must reclaim to signal recovery)
Strong resistance: $0.6400 (50-day EMA area that would indicate trend reversal)

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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June 25, 2025 0 comments