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$840 Million in Bitcoin Bought in One Go, What’s Happening?

by admin September 23, 2025

The Bitcoin ecosystem has witnessed enormous BTC transfers involving thousands of coins in the last hour. However, the most significant transaction, spotted by blockchain tracker Whale Alert, has sparked market reactions as it appears to represent a major buy.

According to data from Whale Alert, 7,441 BTC (over $840 million) were withdrawn from the leading U.S.-based crypto exchange Coinbase in a single transfer executed just minutes ago.

The massive Bitcoin purchase comes at a time when the market is under pressure from negative price trends and heavy selling. This development has drawn the attention of traders and analysts.

The crypto community has expressed excitement about the move. Although the exact nature of the transfer has not been disclosed, such large-scale withdrawals from major exchanges are often interpreted as strong whale accumulation.

Some commentators have suggested that this could be an over-the-counter deal that might not directly affect Bitcoin’s price. Still, the sheer size of the transfer has sparked hopes that something major is brewing.

Bitcoin price heading for recovery?

Beyond the impact of this significant withdrawal, Bitcoin’s price action over the last several hours has offered relief to investors, surging back above $113,000. After recording an intraday low of $111,591, sentiment has shifted toward optimism for a bigger rally.

Following sharp declines the previous day, BTC has briefly turned green, posting a modest daily gain of 0.16%. As of press time, CoinMarketCap data shows Bitcoin trading at $112,913.

Source: CoinMarketCap

While price action on Tuesday remains mixed, Bitcoin appears to be gradually gearing up for a major breakout. The large whale withdrawal from Coinbase signals a bullish shift in investor sentiment and could indicate that BTC is preparing for larger moves ahead.

Nonetheless, additional whale activity may be necessary to sustain upward momentum and push Bitcoin toward a significant breakout.

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September 23, 2025 0 comments

Crypto Trends

What’s an ‘AltAlt Season’ Crypto ETF? Perplexing Proposed Fund Skips Bitcoin and Ethereum

by admin September 20, 2025

In brief

Tidal Financial Group applied for a leveraged AltAlt Season Crypto ETF, along with two other filings on Thursday.
The proposed fund confounded even some of the fund industry’s sharpest observers unsure what an “alt alt season” was.
The fund will relate initially to the performance of XRP and Solana, and exclude Bitcoin and Ethereum.

Issuers of crypto funds have grown increasingly creative in their proposals over the past few months as they seek to meet investors growing appetite for these products.

But an “AltAlt Season” exchange-traded fund? That’s new territory.

Tidal Financial Group’s Quantify 2X Daily AltAlt Season Crypto ETF, one of three funds included in an application to the U.S. Securities and Exchange Commission on Thursday, confounded even a few fund industry observers.

“What is AltAlt vs Alt? (Because I wanted to know too),” Bloomberg ETF Research Analyst James Seyffart tweeted with a screenshot from the filing and his own terse summary. “Alt just excludes BTC, the other excludes both BTC and ETH.”

Tidal’s N1-A registration filing also covered the Quantify 2X Daily All Cap Crypto ETF, and Quantify 2X Daily Alt Season Crypto ETF. All three leveraged funds target risk-tolerant investors, enticing them with the potential for two times the daily return of the cryptocurrencies that they hold.

“Because the fund seeks daily leveraged investment results, it is very different from most other exchange-traded funds,” the prospectus says in each of the fund descriptions. “It is also riskier than alternatives that do not use leverage.”

The AltAlt fund will align initially with the performance of XRP and Solana, according to the Tidal prospectus. The Alt ETF will correspond initially to those digital assets and Ethereum, while the All Cap strategy covers those assets and Bitcoin.

“Alt seasons” describe periods when Ethereum and other larger altcoin prices outpace Bitcoin, usually after Bitcoin’s own price increases. “Alt alt seasons” refer to timespans when market activity shifts to altcoins with mid-sized market capitalizations and then to smaller-cap tokens in a trickle-down effect. The AltAlt looks to benefit from these latter trends.

All three funds may include swap agreements or option contracts on shares of U.S.-listed spot crypto ETFs or that offer exposure to digital assets indirectly through investments in crypto-based derivatives, or that directly invest in crypto funds, among other options.

In recent months, issuers have applied for a widening array of leveraged crypto ETFs, along with spot funds based on various altcoins and combinations of tokens. The SEC is now weighing submissions for more than 90 of these products, as of late August, according to Bloomberg research.

Their odds of approval received a boost on Wednesday when the SEC signed off on new generic listing standards for commodity-based trusts, easing the approval process. The agency’s thumbs-up underscored the more receptive regulatory and political environment that has emboldened issuers.

“We’re already at 2x AltAlt Season Crypto ETFs and it’s not even October. Do you realize how crazy things are gonna get?” quipped Bloomberg Senior ETF Analyst Eric Balchunas in an X post Thursday.

He added: “I’ll be honest, I wasn’t that moved by the 2x Alt Season ETF but the 2x AltAlt Season, well that’s a whole [different] story lol”

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September 20, 2025 0 comments

NFT Gaming

What’s Up With the Golden Trump Bitcoin Statue That Was in Washington DC?

by admin September 19, 2025

In brief

A 12-foot gold statue of Trump holding a Bitcoin was unveiled outside the U.S. Capitol on the day the Fed cut interest rates by a quarter-point.
Funded by a group of meme coin creators, the installation is meant to provoke a conversation about government currency and digital financial innovation.
Reactions are split: supporters see it as tribute and symbolism; critics call it spectacle over substance.

Washington got a new monument this week: A 12-foot golden tribute to President Donald Trump, clutching a Bitcoin like a holy relic, glowed outside the Capitol Wednesday just as the Fed trimmed interest rates, turning a monetary policy day into a mash-up of political theater and crypto spectacle.

Launched by the team behind a Solana meme coin called DJTGST—which briefly pumped to a peak market cap of about $2.4 million on Wednesday—the statue reinforced how deeply intertwined Trump has become with Bitcoin over the last year, particularly since his White House return in January.

The creators described the statue as a bridge between “modern politics and financial innovation.” Project representative Hichem Zaghdoudi said the piece functions as a symbolic “thank you” to Trump, who they believe has helped accelerate public adoption of Bitcoin.

“The installation is designed to ignite conversation about the future of government-issued currency and is a symbol of the intersection between modern politics and financial innovation,” Zaghdoudi told ABC.

Unsurprisingly, reactions to the stunt have persisted days after the statue was removed. To its backers, it’s a tribute: a shiny, over-the-top thank you for what they view as Trump’s pro-Bitcoin leadership. To others, it’s a spectacle that trivializes complex financial and political issues.

Cultural commentators have likened the golden statue to religious iconography, while critics argue that the stunt prioritizes visuals and buzz over policy substance—suggesting that public memory may recall the statue more than meaningful regulatory change.

A columnist for the Baptist News didn’t know what exactly to make of the new statue: “Whether these golden Trump statues are idols or sculptures, they’re undoubtedly part of the bizarre meme culture that has come to permeate so much of modern politics.”

On social media, sentiment has ranged from mockery to admiration. Reddit threads have skewered the spectacle as cringey, with one commentator saying the president “looks like the mascot for some breakfast chain.” And on X, well, you can wade into that cesspit yourself.

Economists have warned that stunts such as the statue are more than street theater—they’re part of a larger signal about political influence over monetary policy.

A Financial Times survey of 94 U.S. and European economists found many believe recent pressure on the Federal Reserve risks undermining its independence, possibly fueling inflation and reducing confidence in U.S. debt. They see events like this statue—and its timing with the Fed rate cut—as emblematic of the mounting tension between political spectacle and institutional credibility.

The piece was placed temporarily, from 9 a.m. to 4 p.m on Wednesday. But it lives on in controversy.

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September 19, 2025 0 comments

Game Reviews

The Eurogamer plan a month on – a reflection on how it’s gone and what’s next

by admin September 18, 2025

A little over one month ago I outlined the future of Eurogamer. The key, central point to this was original work published on the site from the entire team. I don’t want this update to be me just listing out loads of articles, but I’m going to do that a bit as I’m proud of the articles we’ve published and I really do want to highlight just how much original, entertaining work the team has produced.

This article would go on forever if I detailed exactly why I’m a fan of each of these stories, but every one (with more I’m sure I missed) highlights exactly what we are trying to achieve with Eurogamer: to deliver video games coverage that is above and beyond, be it through inquisitive reporting or writing with flair and elegance that makes you sit up and take notice.

OK, so it is a big list, but that’s the point really. We’ve done a lot of great stuff.

Until Dawn at 10: how Supermassive overcame Sony scepticism and used the science of fear to make a modern horror classic
The story of Phasmophobia: How The Witcher 3 inadvertently saved the ghost-hunting game that sold 25 million copies
The Saudi Arabian takeover of fighting games’ biggest tournament means players – and the wider community – have a choice to make: between its culture and a payout
Is Nintendo’s potentially industry-changing new monster battling patent enforceable? We asked some lawyers
“Bury this game and experience forever? That should be a crime” How a group of modders revived Ubisoft’s cult driving game, The Crew
No Man’s Sky boss “so happy” as sim celebrates highest Steam player count since launch and fans go wild with new ship customisation
Death Stranding 2 is the World’s Fair we deserve
As government money tightens its grip on fighting games, the push back to grassroots events gains momentum
Queer developers speak out as adult games remain in limbo following payment processor showdown at Steam and itch.io
As AOL bins dial-up for good, it’s impossible to fully state the impact it had on gaming and the internet – but we’ve tried
Short, smart, potentially a gamble: with Mafia: The Old Country, Take-Two grapples with the past and future of video games
Tony Hawk reflects on 90s culture, celebrity and Tony Hawk’s Pro Skater, the game that changed his life
Video games and “cathedrals of fire”: the eye-widening wonder of Sword of the Sea
“I don’t think RTS is back; I don’t think it’s ever really gone away”: Dawn of War 4 devs on taking over from Relic and reviving a legend of the genre
Resident Evil 9: Requiem’s director explains how in one crucial way, it is the “most extreme” title in the series yet
“It’s about incredibly talented people not doing incredibly boring stuff” – Blizzard devs say it’s possible to use AI tools while still feeling “handcrafted”
Why Snake Eater is a perfect example of the tension between the real and the unreal that’s at the core of every Metal Gear Solid game
A love letter to that one time James Bond battled the villain in a crappy arcade game instead of at cards
The big Football Manager interview: series boss Miles Jacobson on what went wrong with FM25, and what to expect from FM26
AI was a common theme at Gamescom 2025, and while some indie teams say it’s invaluable, it remains an ethical nightmare
Becoming Karlach: Two years after release, Samantha Béart reflects on Baldur’s Gate 3, stoicism, and… Gordon Ramsay?
I never expected Love is Blind to make me feel good about video games in 2025, but here we are
Is Hollow Knight Silksong’s ‘cheap’ price a problem for other indie games? Devs and publishers weigh up its impact
The games industry has a Soulslike problem, but probably not the one you think
As Silksong drags them into the spotlight again, have boss runbacks had their day?
Remember episodic gaming? Former Telltale devs are bringing it back for the release of Dispatch, and there’s a chance it might work this time
Stellar Blade’s runaway success on PC proves South Korea is positioning itself to become a major force in global gaming, and experts agree
Help or hindrance? We asked the experts what the “bafflingly large, confusing” UK Online Safety Act could mean for video games

I think this month (and a bit beyond) has largely been a great success, but as with all plans some aspects work better than others. We’ve looked at every piece of feedback and user behaviour, and decided that we need to change our focus slightly and make some tweaks for a better reader experience.

The daily live report is one area we are rethinking. We’ve been unhappy with the occasional sporadic updates and lack of liveliness in the daily live reports, and the inability for you to comment in a way that makes sense on multiple topics. Rather than a Monday to Friday, 9am-5pm live blog, we’ll be experimenting with live reports that have a tighter focus. The shape of these longer term is TBD, but we’re keen to see what works and build mini moments of interest and discussion around industry news and events. We think these will be more active and engaging, and also keep chat focused, but we’ll be looking to your feedback to help us identify what has value and what doesn’t.

We’ve seen that many of you have found our changes to where we highlight news stories to be confusing. We’re moving all news stories (long and short) to the homepage, so everything published can be found there – stories aren’t going to be posted inside a live blog or report unless it’s contextually relevant to what we’re covering.

On the subject of news stories, we are working to find a way for signed in users to choose if they want to enable infinite scroll. I know this has been a sore point for many of you, and I hope this will let you browse the site how you wish once a solution has been found.

From my point of view, I’m keen to encourage change as a route to success. We remain 100 percent committed to our pledge to deliver more of the Eurogamer you want, which I believe to be unique, original work that is a mixture of brilliant reporting and quality writing on the games and topics that matter most to you.

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September 18, 2025 0 comments

Game Updates

Even the studio that wrote The Wolf Among Us 2 doesn’t know what’s going on with it

by admin September 18, 2025

Telltale’s second series-slash-sequel, The Wolf Among Us 2, has become notoriously hard to pin down. Originally announced in 2017, the game disappeared when Telltale closed in 2018, then it was resurrected in 2019 only to disappear again in 2023, amid what sounded like burnout from crunch. And we haven’t heard a peep since.

But I had a chance to speak to the studio which was originally making the game for Telltale (then a kind of publisher but now making the game internally, it seems) to see if I could find out what was going on. That original developer was AdHoc Studio, a team formed by former Telltale staff, many of whom worked on the original The Wolf Among Us game.

AdHoc co-founder Nick Herman directed the first episode of The Wolf Among Us (known as “Faith”), and he told me AdHoc was working on the follow-up, The Wolf Among Us 2, for about two years. But as to why the studio stopped working on it, he said: “Look, the truth is…”

The Wolf Among Us 2.Watch on YouTube

He was interrupted by fellow co-founder Pierre Shorette, another Telltale alumni, who asked with a smile, “Yeah why did we stop working on that, Nick?”

Put on the spot, Herman continued: “We wrote a season, Season Two. We think it’s better than Season One – and we were on Season One. And yeah, we’re really proud of it. We were doing tests. We were in cinematics and animation and stuff. And then basically they needed more time.

“They weren’t… We weren’t running the project. It was Telltale we were doing it in partnership with. And we couldn’t wait around and do nothing, so we had to move on to Dispatch to keep the studio moving, and they needed to go their own way.

“We’re looking forward to seeing what they do with it,” Herman added. “I don’t know how much of our version of the script is going to make it into what they end up making. But if one day we were able to make the thing that we wrote and were in the middle of directing, we think people would love it. So, you know, good luck.”

“Spicy,” added Shorette.

AdHoc’s new game Dispatch.Watch on YouTube

Dispatch – the game Herman mentioned – is the studio’s self-published debut game, released in partnership with role-play mega-group Critical Role and featuring some of the actors from there in the game. Award-winning actor Laura Bailey is one of them. Bailey was actually attached to Dispatch long before it was called Dispatch – even before AdHoc was working on The Wolf Among Us 2

The project back then was, bizarrely, linked in a roundabout way with US retail giant Walmart – a company connected to Walmart anyway. And AdHoc’s fledgling live-action superhero idea got quite far. It had shoot dates and everything was going ahead but then March 2020 rolled around and Covid flattened it. A blessing in disguise, Herman joked. “You’re asking a bunch of game devs to shoot a TV show,” he said. “It would have been a fun failure.”

The studio moved onto The Wolf Among Us 2 after that, in a work-for-hire capacity, but when that project stalled, it returned to the superhero idea and Dispatch, as we know it now, was born.

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Dispatch is a superhero workplace comedy formed from a recognisably Telltale cinematic choice-and-consequence mould, albeit with added mini-games, and it looks enormously promising. It stars Breaking Bad’s Aaron Paul as Robert Robertson, a man who loses the use of his superpowered mech suit so needs to get a desk job dispatching misfit superheroes to fight crime. They are unruly. Many jokes ensue.

Notably, Dispatch will be an episodically released game, but all eight episodes will be released in quick succession over the course of a month – two a week starting 22nd October. It won’t be a case of waiting months for them. There’s a demo of Dispatch on Steam if you fancy giving the game a go.

After Dispatch, AdHoc will move onto making a fully fledged game for Critical Role, set in the fantasy world of Exandria, which is where the group’s acclaimed Dungeons & Dragons adventures have taken place.

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September 18, 2025 0 comments

GameFi Guides

Fed Lowers Rates By 25bps: How Bitcoin And Crypto Prices Responded And What’s Next

by admin September 17, 2025

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

The Federal Reserve (Fed) announced its first interest rate cut of the year, leading to an immediate reaction in the cryptocurrency market. Bitcoin (BTC) experienced a notable decline, dropping below the $115,000 threshold shortly after the announcement.

Expert Predicts Crypto Rally

Fed Chair Jerome Powell addressed the current economic landscape, noting that while inflation has eased significantly from its mid-2022 highs, it still remains elevated compared to the Fed’s long-term target of 2%.

He also pointed out that there are increasing downside risks to employment in what he described as a less dynamic labor market. Looking ahead, Powell indicated that the Fed anticipates interest rates will settle between 3.5% and 3.75% by the end of 2025, a reduction of 0.50% from current levels.

Additionally, he mentioned that the Federal Open Market Committee (FOMC) plans to implement two more rate cuts within this year.

Market expert Lark Davis took to social media platform X (formerly Twitter) to share his thoughts on the implications of the rate cuts. He stated that the easing of interest rates suggests that “the money printer is getting turned ON,” forecasting that cheaper capital would soon flow into the crypto market.

Although Davis acknowledged the possibility of short-term dips, as evidenced by Bitcoin’s performance following the rate cut decision, he remains optimistic about a medium- to long-term rally for cryptocurrencies.

Will Rate Cuts Propel Bitcoin And Ethereum To New Heights Again?

Analysts at The Bull Theory supported this outlook in a previous analysis, explaining how lower interest rates enhance liquidity. They noted that reduced borrowing costs encourage both businesses and consumers to spend more, ultimately boosting economic activity.

Drawing parallels to late 2024, after the Fed had begun its rate cuts, they highlighted how Bitcoin reached new all-time highs while Ethereum (ETH) surged past $4,000. This previous rally lasted approximately two months, suggesting that the current environment might lead to similar outcomes.

Despite the immediate volatility in the crypto markets, the analysts predict that smart money and market whales may attempt to shake out retail investors in the short term. However, they remain confident that, within a three- to six-month window, Bitcoin and other altcoins are likely to trade at much higher levels.

The 1D chart shows BTC’s price reaction following the Fed’s rate cut decision. Source: BTCUSDT on TradingView.com

Featured image from DALL-E, chart from TradingView.com

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

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September 17, 2025 0 comments

Crypto Trends

What’s Next for BTC, ETH as Downside Fears Ease Significantly Ahead of Fed Rate Cut?

by admin September 15, 2025

Fears of a downside for bitcoin BTC$116,264.09 and ether (ETH) have eased substantially, according to the latest options market data. However, the pace of the next upward move in these cryptocurrencies will largely hinge on the magnitude of the anticipated Fed rate cut scheduled for Sept. 17.

BTC’s seven-day call/put skew, which measures how implied volatility is distributed across calls versus puts expiring in a week, has recovered to nearly zero from the bearish 4% a week ago, according to data source Amberdata.

The 30- and 60-day option skews, though still slightly negative, have rebounded from last week’s lows, signaling a notable easing of downside fears. Ether’s options skew is exhibiting a similar pattern at the time of writing.

The skew shows the market’s directional bias, or the extent to which traders are more concerned about prices rising or falling. A positive skew suggests a bias towards calls or bullish option plays, while a negative reading indicates relatively higher demand for put options or downside protection.

The reset in options comes as bitcoin and ether prices see a renewed upswing in the lead-up to Wednesday’s Fed rate decision, where the central bank is widely expected to cut rates and lay the groundwork for additional easing over the coming months. BTC has gained over 4% to over $116,000 in seven days, with ether rising nearly 8% to $4,650, according to CoinDesk data.

What happens next largely depends on the size of the impending Fed rate cut. According to CME’s Fed funds futures, traders have priced in over 90% probability that the central bank will cut rates by 25 basis points (bps) to 4%-4.25%. But there is also a slight possibility of a jumbo 50 bps move.

BTC could go berserk in case the Fed delivers the surprise 50 bps move.

“A surprise 50 bps rate cut would be a massive +gamma BUY signal for ETH, SOL and BTC,” Greg Magadini, director of derivatives at Amberdata, said in an email. “Gold will go absolutely nuts as well.”

Note that the Deribit-listed SOL options already exhibit a strong bullish sentiment, with calls trading at 4-5 volatility premium to puts.

Magadini explained that if the decision comes in line with expectations for a 25 bps cut, then a continued calm “grind higher” for BTC looks likely. ETH, meanwhile, may take another week or so to retest all-time highs and convincingly trade above $5,000, he added.

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September 15, 2025 0 comments

Gaming Gear

What’s next for Apple after the iPhone 17?

by admin September 14, 2025

We only just put Apple’s iPhone 17 launch event behind us, but Bloomberg’s Mark Gurman is already glancing into his crystal ball to see what’s next for the company. In today’s Power On newsletter Gurman says that there are at least 10 more products from Apple that are expected to launch either later this year or in the first half of 2026.

Some of those products have been rumored for some time, or are just kind of obvious upgrades. The M5 iPad Pro, for instance, is a matter of when not if. Though the rumors that it will have a second front facing camera for those that prefer to use their iPad in portrait mode is interesting. The iPad Pro could be the first Apple product with an M5 as it’s expected to launch in October, with upgraded MacBook Pros and MacBook Airs to follow in early 2026.

Gurman also claims that a budget-friendly iPhone 17e is in the works for early next year. Upgrades over the 16e are expected to be pretty minor, with most of the handset remaining the same, but moving to the new A19 chip inside the iPhone 17 line. The Apple TV and HomePod mini are also expected to get updates next year with processor bumps along with support for the new version of Siri and Apple Intelligence features. Same with the Vision Pro, which is expected to get an M4 processor and an improved headband, but otherwise remain largely unchanged while a larger update is in the works for 2027.

Perhaps the most interesting thing on the list is the long-rumored smart home hub code-named J490. Early chatter suggested that the smart display would launch this past March but, clearly, the device never materialized. Now Gurman claims it should launch in the spring. It would mark the first new major product category for Apple in a while, but one that it’s largely laid the groundwork for between the HomePod and iPad.

Rounding out the rumors are AirTag 2 and a pair of new monitors. Updated AirTags will have better range thanks to a new wireless chip. Less is known about the monitors, but the code-names of J427 and J527 suggest we could be looking at a pair of 27-inch displays. The Pro Display XDR and Studio display are both getting on in years, with the Pro having been released at the tail end of 2019.

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September 14, 2025 0 comments

GameFi Guides

XRP Hourly Volume Soars 203% on Kraken, What’s Happening?

by admin September 14, 2025

According to CoinGlass data, XRP suddenly saw a 203% hourly volume spike on the United States-based major cryptocurrency exchange Kraken as traders flocked in to profit from the recent market volatility.

The surge comes as spot U.S. traders continue to show interest in XRP, the third largest cryptocurrency by market capitalization amid ETF optimism. REX-Osprey ETFs have passed the SEC’s 75-day review and are expected to launch soon, with products including an XRP ETF.

In the last 24 hours, XRP has attracted $73,588,344 in trading volume on Kraken, ranking among the top traded assets on the crypto exchange.

XRP price action

XRP continued its rally in the early Saturday trading session, up 3% in the last 24 hours to $3.14. The cryptocurrency is on course to mark its fourth day of rise since Sept. 9, having broadly risen since the Sept. 1 low of $2.69.

$0 Shiba Inu Twist Puts Bears in Vanish Mode, What’s Coming For SHIB?

by admin September 13, 2025

Amid the broad crypto market resurgence, which started about two days ago, Shiba Inu has also flipped to the positive side of the market.

However, the leading memecoin has witnessed an unusual silence in its derivatives market over the last hour, according to data showcased by Coinglass.

The data shows that Shiba Inu experienced a mild, one-sided liquidation on September 12, where it recorded a total liquidation of just $20.87 in one hour. Nonetheless, Shiba Inu delivered a surprising twist in this hourly liquidation trend, as its bears were left with no record to account for.

Specifically, SHIB recorded $0 in short liquidations during the period. This means that the overall liquidation of $20.87 recorded during the period was catered for by only long traders.

Is SHIB momentum still intact?

While situations like this have often had the crypto community speculate bullish outlooks for the concerned cryptocurrency, the trend has only sparked curiosities among market watchers, as they keep a close eye on SHIB’s price action in relation to the unusual derivatives activity.

Notably, the rare setup in Shiba Inu liquidation over the last hour suggests that traders betting against the meme token’s potential upsurge are currently out of play.

Scenarios leading to this situation could be traced to either little-to-no interest in the asset’s derivatives market (which means no short positions were opened at all), or the token’s price action during the period had moved in favour of short positions, causing them to suffer no liquidation during the period.

While the trend signals reduced downward pressure on Shiba Inu, the extremely low long liquidation also highlights that bullish positions remain intact, with only a tiny fraction of bullish traders being wiped out of the market.