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Despite rising whale counts, total Bitcoin supply held by stakeholders has not significantly increased yet. Bitcoin has almost reversed its weekly losses after a recovery near $68,000. At the same time, whale wallet growth now suggests distribution among more large holders. Santiment reported that the asset is approaching a new milestone, as the number of wallets holding at least 100 BTC is set to surpass 20,000. 100+ BTC Wallets Surge At current prices, a wallet containing 100 BTC is worth a minimum of $6.78 million. According to the firm, these wallets are typically owned by high-net-worth individuals, investment funds, long-term…
A shift in Ethereum’s derivatives flow on Binance is starting to hint at a possible change in market structure, even as ETH itself remains in a corrective phase. According to CryptoQuant contributor Darkfost, the Taker Buy Sell Ratio is no longer flashing the same persistent sell-side aggression that dominated as the asset pushed toward a new all-time high. Darkfost argues that the indicator offers a useful read on who is pressing harder in the futures market. “This indicator is effective for assessing directional dominance between market buy and sell orders executed on futures contracts. A ratio above 1 indicates buyer…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors fall as Iran concerns escalate; BTC at $66k Jack’s Block announces 40% layoffs, XYZ stock jumps 20% on news Ethereum leans further into post-quantum as Vitalik pushes roadmap ZachXBT exposes an Axiom employee for trading on inside information Magic Eden to sunset its BTC and EVM marketplace along with its wallet 🤖 Jack Dorsey Just Halved Block’s Workforce Because of AIThe Citrini article was right.…
Mutuum Finance, a decentralized lending and borrowing cryptocurrency protocol currently operating on the Sepolia testnet, has reported surpassing $150 million in testnet total value locked (TVL). The team also announced ongoing development activity, including a new feature scheduled for release next week.Mutuum Finance (MUTM)The MUTM token is currently priced at $0.04. Out of a capped total supply of 4 billion tokens, approximately 1.82 billion were allocated to the sale phase. According to project disclosures, around 850 million tokens have been sold to more than 19,000 holders, with total funds raised exceeding $20.6 million to date.The team recently implemented a new…
Expert trader Tony Severino, who correctly predicted Bitcoin’s top, has raised the possibility of a crash to $4,000. This comes as BTC continues to struggle to break key resistance levels, signaling that it could be at risk of a deeper decline. Expert Trader Raises Potential Bitcoin Drop To $4,000 In an X post, Tony Severino questioned the possibility that the next Bitcoin bull market is a lower high followed by a lower low. His accompanying chart showed BTC may be forming a Head-and-Shoulder pattern, which could spark a crash to $4,000. As such, he urged market participants to play the…
It has been a rough stretch for Bitcoin. Prices have been pinned between $60,000 and $70,000 for weeks, and a brief dip below $67,000 on Thursday did little to ease investor nerves. Related Reading Now, a handful of analysts are saying the worst of the selling may finally be over — though what comes next is far from exciting. No Crash, No Boom — Just Patience Crypto analyst Willy Woo put it plainly on X. The wave of bearish selling by investors “seems to have exhausted,” he said, giving Bitcoin some breathing room to trade flat for the next few…
World Liberty Financial’s stablecoin slipped to $0.994 on Feb. 23, a 0.6% deviation that lasted minutes before recovering.For a token backed one-to-one by dollars and government money market funds, with over $5 billion in circulation and the fifth-largest market share among stablecoins, the wobble wasn’t supposed to happen.But it did, and the gap between “should” and “is” reveals the uncomfortable truth crypto still refuses to absorb: political connections and reserve attestations don’t create immunity from runs. They determine how quickly the discount closes.WLFI blamed the slip on what it called “a coordinated attack,” consisting of hacked cofounder accounts, paid influencers…
Crypto analyst Cryptollica has revealed that the Dogecoin Relative Strength Index (RSI) has crashed to its lowest level since its launch. The analyst also predicted that this might mark the bottom for the foremost meme coin, with a bullish reversal on the horizon. Dogecoin RSI Hits All-Time Low Since Launch In an X post, Cryptollica stated that the Dogecoin RSI has hit its lowest level in 12 years and is completely oversold. The analyst noted that, after removing all social sentiment and meme narratives, DOGE’s 2-week chart shows one of the most “severe structural anomalies currently visible in the market.”…
Bitcoin Price Weekly Outlook Bitcoin closed the week out at $67,638, not an awe-inspiring close by any means. The support level at $65,650 has held for a couple of weeks now, but the relentless selling pressure will likely take it out this week. As of the time of this writing on Sunday night, the bitcoin price is currently trading below this support level at $64,600. We should expect the price action to remain bearish this week and likely threaten to take out the $60,000 low. Key Support and Resistance Levels Now There is still a chance the $65,600 support level…
The Pi Coin price is showing early signs of recovery, up almost 3% since today, as rare buying activity appears per exchange data. This comes as Pi Network’s mainnet migration surged sharply, highlighting growing network participation. However, despite improving fundamentals and fresh accumulation, Pi Coin still faces a major technical breakdown risk. The coming days could decide whether the recent rebound strengthens into a recovery or turns into a deeper crash towards a new all-time low. PI Sees Rare Buying as Network Migration Surges 60%Pi Network’s latest data shows a sharp increase in mainnet migrations. Mainnet migration is the process…