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  • Bitcoin consolidates below $120K; Analysts say Ethereum flows will guide next market move

    Bitcoin consolidates below $120K; Analysts say Ethereum flows will guide next market move

    Bitcoin consolidates below $120K; Analysts say Ethereum flows will guide next market move

    • The crypto rally has stalled, with Bitcoin struggling to challenge the $120K level as institutional investors take profit.
    • Institutional ETF inflows into Bitcoin have plunged by 80% this week to just $496 million, a sign of cooling demand.
    • Market focus is now shifting to Ether (ETH), with its capital flows seen as the key to the market’s next move.

    The powerful cryptocurrency rally is showing signs of fatigue, with Bitcoin struggling to challenge the $120,000 mark and key indicators pointing to a significant pullback from institutional investors.

    As the market enters a tense consolidation phase, observers say the focus is now shifting to Ether (ETH) and whether it has the strength to bring fresh capital back into the fold and reignite the bullish momentum.

    After briefly touching new all-time highs last week, the crypto market has entered a period of consolidation, and the underlying data is revealing some cracks in the bullish facade.

    Glassnode data highlights a dramatic cooling of institutional interest, with inflows into spot Bitcoin ETFs plunging by a staggering 80% this week to just $496 million.

    This was accompanied by a sharp decline in ETF trading volume, which fell to $18.7 billion.

    Bitcoin’s spot market sentiment is also showing signs of weakening.

    The Relative Strength Index (RSI)—a popular technical indicator used to measure whether an asset is overbought or oversold—has been retreating sharply, underscoring a move away from previously overbought levels.

    Taken together, these signals point to a clear, albeit perhaps temporary, institutional withdrawal from the market, raising questions about the potential for further downside.

    A tense derivatives market: hedging and profit-taking on the rise

    Trading firm QCP Capital has noted similar tensions in the derivatives market.

    While funding rates for perpetual futures remain elevated at above 15%, suggesting that some traders are still maintaining aggressive long positions, recent flows indicate that large, sophisticated players are actively taking profits and hedging against potential downside.

    QCP, in its recent note, pointed out that a major ETH call fly (a complex options strategy) was recently unwound, while sizeable BTC put options were bought for protection.

    This is not the kind of market activity that typically supports a fresh leg up in a rally.

    Despite these cautionary signals, QCP remains broadly constructive on the market’s outlook.

    “Momentum, narrative strength, and macro tailwinds are still on our side,” the firm wrote in a recent update. “Hodlers and institutions will likely buy the dip, as we saw on Friday.”

    The Ethereum litmus test: consolidation, capitulation, or the next leg up?

    Market maker Enflux, however, isn’t sounding the alarm just yet. The firm views the current market conditions as a period of healthy consolidation, not a sign of impending capitulation.

    They note that spot and perpetual futures markets are essentially treading water, not bleeding out.

    The key to what comes next, according to Enflux, lies with Ethereum.

    “How institutional ETH flows evolve, and whether capital re-engages with alts, would likely guide the next leg of market structure,” the firm said in a note to CoinDesk.

    Ethereum now finds itself at the center of these diverging perspectives.

    If institutional investors, who have been stepping back from Bitcoin, decide to rotate their capital back into the crypto market through ETH, it could reignite the altcoin cycle and lift the entire market.

    If not, this period of consolidation could harden into something more prolonged and painful.

    For now, the rally has paused. Glassnode sees fragility in the current market structure. Enflux sees neutrality. QCP sees a hedged optimism.

    But all seem to agree that the next major breakout—or breakdown—will likely be sparked by how capital flows into and out of Ethereum materialize in the coming days and weeks.

    Broader market snapshot

    • BTC: Bitcoin is trading at $118,000, consolidating between channel support at $114,000 and resistance near its all-time high of $123,000.

    • A recent liquidity sweep below $116,000 and renewed supply from a reactivated whale wallet have stalled its bullish momentum, according to CoinDesk’s market insights bot.

    • ETH: Ethereum is trading at $3,783, holding a bullish inverse head-and-shoulders pattern that technically targets the $4,300 level.

    • However, neutral funding rates near multi-year resistance suggest trader caution, even as institutional accumulation continues.

    • Gold: Gold fell to a near three-week low, with spot prices down 0.7% to $3,313.57.

    • A recent US-EU trade deal has boosted risk sentiment and temporarily reduced the demand for safe-haven assets ahead of a busy week for corporate earnings and a key US Federal Reserve meeting.

    • Nikkei 225: Asian markets opened lower, with Japan’s Nikkei 225 down 0.61% as traders adopted a wait-and-see mode to determine if more regional trade deals can be struck.

    • S&P 500: The S&P 500 ended Monday’s session nearly flat, as the positive news of a US-EU trade deal failed to ignite a significant new rally in U.S. equities.
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  • SYRUP, MOVE, DEXE among top gainers as cryptocurrencies eye fresh gains

    SYRUP, MOVE, DEXE among top gainers as cryptocurrencies eye fresh gains

    Bitcoin And Cryptocurrencies

    • Cryptocurrencies are up as Maple Finance (SYRUP) price spikes 19% amid institutional DeFi adoption.
    • The Movement (MOVE) token gained 17% as price hits $0.19 on rising volume.
    • DeXe’s DEXE token jumped 10% in 24 hours to hit highs above $9 after a sharp rebound off $5.30.

    Maple Finance (SYRUP), Movement (MOVE), and DeXe (DEXE) have posted remarkable price moves in the past 24 hours, all up by double-digits as cryptocurrencies bid for further gains.

    The upside action for these altcoins come as Bitcoin holds above $106k, and stock futures suggest investors are pricing in a thawing in the Israel-Iran hostilities.

    At the time of writing, SYRUP traded around $0.62, up nearly 19% in 24 hours. Meanwhile, MOVE hovered near $0.18 and DEXE changed hands at highs of $9.10, up 17% and over 10% respectively.

    Analysts at QCP Group summed up the market sentiment in a post on X:

    “Israel resumed strikes shortly after a fragile ceasefire, but markets barely reacted. Traders seem to have priced in peace or stopped waiting. Risk appetite surged as the Nasdaq 100 hit record highs and the S&P 500 neared its 2020 peak. Oil also returned to pre-conflict levels.”

    Maple Finance (SYRUP) price

    Maple Finance’s SYRUP token has soared 19% in the last 24 hours, trading to highs of $0.62 with a market capitalization of $684 million. A 24-hour trading volume of $188 million, up 24% in this period,  reflects strong market confidence.

    The price rally aligns with broader crypto gains,with top altcoins also rallying.

    However, Maple’s transition to a leading on-chain asset manager, and blending traditional finance expertise with decentralized finance (DeFi) innovation, is seeing industry take notice.

    Maple’s lending and structured products are appealing to institutional investors, which is likely to buoy the $SYRUP token further.

    Currently, Coinglass data shows open interest in SYRUP is up 56% to nearly $69 million, while derivatives volume has jumped to over $308 million.

    Movement (MOVE) surges to $0.19

    Movement’s MOVE token has climbed 17% over the past day, reaching $0.19.

    A look at the charts also shows that MOVE is up more than 42% in the past week, with gains coming amid fresh interest in the token. Move Foundation’s buyback initiative is part of the upside catalysts, with 10 million and 8 million repurchased on June 20 and June 22 respectively.

    DeXe (DEXE) price jumps to $9

    DeXe’s DEXE token rose sharply after tapping support near $5.30 on Wednesday.

    With gains of over 10% in 24 hours, the token’s price jumped to a high of $9.10, rising amid a 560% spike in daily volume. Per CoinMarketCap, the daily volume for DEXE stood at $104 million at the time of writing.

    Gains for DeXe come as its governance model, which allows DEXE holders to influence protocol decisions, strengthens community trust.
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  • SUI price breakout? Technical pattern signals move toward $4.25

    SUI price breakout? Technical pattern signals move toward $4.25

    Sui Surges As Altcoins Tap Upside Momentum

    • SUI price gains as token continues upside with monthly gains of over 85%
    • The altcoin is rising as the overall crypto market bounces amid gains for Bitcoin.
    • Crypto analyst Captain Faibik shared a SUI price prediction suggesting a surge to $4.25.

    Sui price is up 12% in the past week, with the altcoin rising as Bitcoin spikes to near $100k.

    With equities also on the up after US President Donald Trump announced a trade deal with the United Kingdom, BTC looks poised for further gains.

    A leg up for the altcoin market amid this scenario could tie into Sui’s latest pump.

    One crypto analyst forecasts Sui price could rally to above $4 with a key technical pattern breakout.

    Gains see Sui ecosystem tokens rise

    The Sui ecosystem tokens have seen their total market capitalization jump by more than 6% in the past 24 hours to above $29 billion.

    While most of this is in the SUI network’s native token at $12 billion, a lot of the top ecosystem tokens are registering notable gains.

    Bonk (BONK), Walrus (WAL), and DeepBook Protocol (DEEP) prices have increased 10%, 9%, and 12%, respectively, in the last 24 hours.

    The three tokens’ market cap values stood at over $1.4 billion, $800 million, and $596 million, respectively.

    Is Sui price set for a rally above $4?

    The gains for Sui and the ecosystem tokens mirror broader market performance this week, with bulls looking to take control amid macroeconomic and regulatory catalysts.

    In this respect, crypto analyst Captain Faibik has shared a bullish price prediction for SUI.

    According to the analyst, who shared the outlook via X, the layer blockchain network’s native token could spike to $4.25.

    He based his forecast on the technical chart for Sui, which shows a breakout from a channel pattern.

    The analyst’s 4-hour chart shows the SUI/USD pair breaking above the upper trendline.

    Currently, SUI price hovers near at $3.79, up nearly 12%, and with a 24-hour volume of $2.18 billion.

    The altcoin changed hands at $3.24 during the Asian session on Thursday, and a surge to above $4 will see buyers flip focus to the all-time high of $5.35 reached on January 6, 2025.

    From the current level, this will be a 29% increase.

    Notably, SUI is up more than 85% in the past month, having jumped from lows of $2.03 on April 16, 2025.

    While the broader risk asset market may yet hit macroeconomic headwinds, the current outlook suggests bulls may have an upper hand.

    Sui’s traction as the blockchain network for digital asset ownership helps this outlook.

    Headwinds will, however, stall upside momentum, likely exacerbated by profit-taking deals.

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  • Bitcoin wallets dormant for 15 years suddenly move BTC

    Bitcoin wallets dormant for 15 years suddenly move BTC

    • Satoshi era bitcoin wallets dormant since 2009, have just moved 250 BTC to new wallet addresses.
    • The five wallets transfered BTC in batches of 50 coins each.
    • Bitcoin price traded around $63,500, having touched highs above $64,000 across major exchanges.

    Several Bitcoin (BTC) miner wallets that have been dormant for over 15 years suddenly woke up and have moved 250 BTC worth over $15 million.

    The so-called ‘Satoshi era’ wallets are miner addresses created in the years that Bitcoin creator Satoshi Nakamoto actively mined BTC. Such wallets date back to 2009 – five of which just transferred 50 bitcoin each to new addresses.

    On-chain transactions tracker Whale Alert highlighted each of the five 50 BTC wallet movements early Sept. 20. In total, five wallets had transferred coins worth $15.9 million to new wallets.

    Lookonchain shared a screenshot of Whale Alert’s posts about the dormant coins. In this case, each of the miner addresses received bitcoin as mining rewards in 2009. Not one of these wallets transacted since that first transaction.

    Notably, none of the new wallets had moved the coins to a crypto exchange as of writing.

    In March 2024, a Bitcoin wallet dormant for over 12 years, suddenly woke up to move 500 BTC. Another wallet dormant for over 10 years, suddenly activated in April 2023.

    Bitcoin price

    The movement by these ‘Satoshi era’ BTC wallets come as Bitcoin price recovered to above $64,000 amid market reaction to this week’s Federal Reserve interest rate cut. The benchmarket cryptocurrency has over the past few months struggled to break higher – with a major dip to below $50k seen on August 5, 2024.

    Commenting on price outlook, crypto analyst Ali Martinez says its likely traders may want to take profits at current prices.

    BTC price tounched highs of $64,140 on Coinbase early Friday, September 20, 2024. However, it changed hands around $63,513 at the time of writing.

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  • Bitcoin metric signals volatile $40k-$22k move, analyst says

    Bitcoin metric signals volatile $40k-$22k move, analyst says

    • Bitcoin could see a volatile phase within the $40k and $22k price range, James Check, lead on-chain analyst at Glassnode says.
    • BTC’s sell-side risk ratio is approaching an all-time low, with traders on both sides showing exhaustion after recent price action.
    • The flagship crypto traded at $26,400 on Wednesday, about 3% down in the past 24 hours.

    On-chain metrics for Bitcoin suggests the flagship cryptocurrency could be looking at massive price moves in the short term.

    After struggling to break the $27,600 resistance level following dips from above $28,000, crypto experts have opined BTC could flip to new support. On the other hand, fresh impetus could catapult the asset past its year-to-date high of $31,000.

    The outlook is down to on-chain data suggesting traders on both sides are exhausted, Glassnode lead analyst James Check says.

    Also going by the pseudonym “Checkmate” on Twitter, the analyst noted:

    “Bitcoin Sell-side Risk ratio is approaching all-time lows. This indicates that investors are reluctant to spend coins which are in profit, or loss within the current price range. This usually occurs when sellers are exhausted on both sides, suggesting big moves are coming.”

    What next for Bitcoin price?

    Realized Profit and Loss metrics provide somewhat an understanding of the Bitcoin market, according to the analyst. It is these indicators that offer BTC price outlook from the point of holders’ sentiment, capital flows and behaviour patterns.

    That’s what currently suggests Bitcoin price could be setting up for a prolonged reaccumulation phase.

    “Bitcoin usually has a 12ish month reaccumulation period after a bottom (if that is indeed what is in place),” Check tweeted.

    According to him, Bitcoin price could see some volatile action between the $40k and $22k range. For traders looking for a definite signal, the analyst says it’s largely “directionless.” Checkmate said:

    “This is somewhat directionless, it suggests volatility is coming. Note that Nov 2018 also saw a very low value. [It] indicates traders are exhausted in this price range, and doesn’t tell us which price range they want to move towards.”

    Bitcoin was trading around $26,400 on Wednesday morning 9:53 am ET, and was about 3% down in the past 24 hours. 

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  • Mysterious Whales Move Trillions of SHIB as Transactions Jump 154%

    Mysterious Whales Move Trillions of SHIB as Transactions Jump 154%

    According to IntoTheBlock data, Shiba Inu whales, or large holders, got into the action as large transactions rose 154% in the last 24 hours. Large transaction surges are typically linked to increased activity from whales, who are either buying or selling and are often more than $100,000. Most Shiba Inu price moves have often coincided with a spike in large transactions.

    According to crypto data tracker WhaleAlert in two lumps, 3,377,867,790,724 SHIB worth $37,375,684 and another 3,914,263,607,418 SHIB worth $42,932,556 were moved in between wallets. Shiba Inu saw a massive spike on Oct. 27 to reach highs of $0.0000118 but has since returned to trade near $0.0000106.

    WhaleStats’ analysis of the top 100 Shiba Inu holders also reflected a 50% spike in active addresses as crypto whales interacted with billions of Shiba Inu, leading to an increase in the number of large transactions. The average SHIB balance in this category of whales rose slightly (2.45%) in the last 24 hours.

    Shiba Inu also ranked among the top 10 assets in terms of trading volume among the 2,000 biggest ETH whales.


    Ads

    Currently, the top 500 ETH whales are hodling $133,187,605 worth of SHIB. According to CoinMarketCap, Shiba Inu was trading at $0.0000106 at the time of publication, up 1.75% in the last hour and down 3.99% overall in the last 24 hours.

    Shiba Inu gains “hodlers”

    According to IntoTheBlock’s data on holder composition by time held, 40% of SHIB holders have “hodled” their tokens for more than a year, 57% have held within a year and 3% have held onto their tokens for less than a month.

    As reported previously, the percentage of long-term holders, or “hodlers,” was given at 38% on Oct. 26. The current 40% implies an increase.



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  • Shiba Inu Price Prepares for Significant Move Following 23.3M SHIB Burn

    Shiba Inu Price Prepares for Significant Move Following 23.3M SHIB Burn

    Shiba Inu (SHIB) has been called many names — from ‘Doge killer’ to meme token. Nonetheless, with the SHIB supply shrinking, can demand kick price gains in gear?

    On Oct. 25, Shiba Inu’s burn rate spiked by a massive nearly 1800%, according to data from Shibburn.

    Despite the SHIB price moving in a narrow range near the $0.0000100 level, there are signs of a break in volatility. This could lead to more significant moves for the token. 

    Burning SHIB, breaking barriers 

    The SHIB burn rate spiked by over 1,800%, with 23 million tokens burned within 24 hours. The recent burn brought the total number of SHIB tokens burnt to 410 trillion. 

    While burn events aim to decrease the supply, thereby increasing price and demand, it didn’t pan out well for SHIB.

    Data from CoinMarketCap presented that 24-hour volumes for SHIB stood at $111 million, an 8.23% fall over the last day. 

    Additionally, from a social perspective, the weighted sentiment was still negative. Social volumes also oscillated at low levels. 

    Source: Sanbase

    Despite little-to-no retail euphoria and negative weighted sentiment, there is still some hope left for SHIB holders. 

    SHIB price volatility storm incoming?

    The SHIB price has still been trading close to the $0.000010 level, which has acted as a crucial support/resistance during Q2 and Q3 2022.

    The daily RSI was leaning more toward the oversold zone, showing that sellers were dominating the market as trade volumes maintained low levels. 

    SHIB/USDT 1-day chart | Source: TradingView 

    At press time, the SHIB price dropped below the key support level and was trading for $0.000009986. 

    Nonetheless, SHIB’s volatility oscillated close to its all-time low level noting 35% on the charts. With volatility at such low levels and a larger market looking overheated, the Shiba Inu price could potentially break out of the consolidation it has been stuck in. 

    Source: IntoTheBlock

    A look at IntoTheBlock’s In and Out of Money at Price presented that the next crucial level for SHIB is the $0.000010 mark, where 4.67 trillion SHIB is held by around 9.2K addresses. A fall below this level could lead to further losses pushing the SHIB price down to $0.0000090. 

    Source: IntoTheBlock

    In case of a bullish turnover, the SHIB price could potentially see a push to the $0.0000110 mark. 

    For now, healthy demand for SHIB from entities such as ETH whales could support a price push. Interestingly, Shiba Inu was still high up on the ETH whales’ holding list, as shown in data from Whale Stats: 

    Even though ETH whales could support the SHIB price, retail trading momentum and an uptick in volume would be key for Shiba Inu going forward. 

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    All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.



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