Latest news with #IntoTheBlock
Yahoo
10-06-2025
- Business
- Yahoo
Bitcoin Reclaims $108,000, Ethereum, XRP, Dogecoin Follow As Traders Anticipate 'Strong Leg Up'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The cryptocurrency market kicked off the week on a bullish note, with Bitcoin reclaiming the $108,000 mark, buoyed by bullish investor sentiment around cryptocurrency-related initial public Price Gains +/- Bitcoin (CRYPTO: BTC) $108,399.19 +1.9% Ethereum (CRYPTO: ETH) $2,577.11 +1.8% Solana (CRYPTO: SOL) $156.16 +1.6% XRP (CRYPTO: XRP) $2.29 +0.3% Dogecoin (CRYPTO: DOGE) $0.1870 +0.7% Shiba Inu (CRYPTO: SHIB) $0.00001268 +0.3% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 2.4% and daily active addresses falling by 5%. Transactions greater than $100,000 are down from 7,679 to 7,327 in a single day. Exchanges netflows are up by 179.3%. Coinglass data reports 73,981 traders were liquidated in the past 24 hours for $214.60 million. Notable Developments: Strategy Buys Another $110 Million In Bitcoin, Now Holds 582,000 BTC Elon Musk's Political Party To Launch In 2025? Odds Rise On Polymarket, The Crypto Betting Market Now Partnered With X Ex-Goldman Executive On Circle's 168% IPO Spike: Don't Rush To Buy Stock As Bankers Engineer A 'Pop' — Cites Facebook Example Bitcoin Pushes To $107,000 As Pivotal Resistance Level Gets Tested Once Again Top Gainers:Cryptocurrency Price Gains +/- Kaia (CRYPTO: KAIA) $0.1292 +20.5% Fartcoin (CRYPTO: FARTCOIN) $1.16 +10% Bittensor (CRYPTO: TAO) $413.15 +8.5% Trending: New to crypto? on Coinbase. Trader Notes: Crypto Bully shared a simple, yet effective Monday trading strategy built around three key pillars: Use the Weekly Open – A reclaim of this level can signal potential longs, while a rejection or breakdown suggests short setups. Mark the Weekend Range – Identify Saturday–Sunday highs and lows to define short-term boundaries. Watch Open Interest (OI) – Entry signals often emerge when OI builds up and then flushes. According to Santiment, Bitcoin's sharp bounce from near $100,000 back to $108,000 has sparked a retail FOMO wave, with the second-largest spike in crowd excitement seen in two weeks. Just days earlier, panic selling had dominated, but now sentiment has flipped. Yet, in crypto's emotion-driven market, surging retail optimism is often a contrarian indicator. Historical patterns show that when retail sentiment gets euphoric, caution may be Capital noted that $104,400 has held as weekly support for four consecutive weeks. He sees only one major weekly resistance between current levels and a potential return to price discovery mode for BTC. Stockmoney Lizards added that Bitcoin's structure is looking increasingly bullish, highlighting ongoing short liquidations and a possible squeeze setup. "Once it fires," he said, "expect a large green candle."Read Next: A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image: Shutterstock This article Bitcoin Reclaims $108,000, Ethereum, XRP, Dogecoin Follow As Traders Anticipate 'Strong Leg Up' originally appeared on
Yahoo
06-06-2025
- Business
- Yahoo
Bitcoin, Ethereum, XRP, Dogecoin Dip, But Trader Says Everything's Going According to Plan
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Major cryptocurrencies are dipping on Thursday morning as market participants wait for an announced phone call between President Donald Trump and China's president Xi Price Gains +/- Bitcoin (CRYPTO: BTC) $104,698 -1% Ethereum (CRYPTO: ETH) $2,598.74 -1.4% Solana (CRYPTO: SOL) $151.9 -2.9% XRP (CRYPTO: XRP) $2.20 -2.5% Dogecoin (CRYPTO: DOGE) $0.1886 -3.5% Shiba Inu (CRYPTO: SHIB) $0.00001277 -2% Notable Statistics: IntoTheBlock data shows Bitcoin and Ethereum large transaction volume decreased 11.3% and 17.8%. Daily active addresses went down by 14.6% and 5.5%, respectively. Coinglass data shows 93,731 traders were liquidated in the past 24 hours for $229.60 million. SoSoValue data shows net inflows of $86.9 million into spot Bitcoin ETFs. Spot Ethereum ETFs saw net inflows of $56.98 million. Trader Notes: Crypto trader Jelle notes that Bitcoin is consolidating between key EMAs and holding local support, exactly as expected. He anticipates more sideways action before a breakout to the upside. Trending: — no wallets, just price speculation and free paper trading to practice different van de Poppe sees a potential liquidity sweep coming, predicting Bitcoin could dip below recent lows to flush weak hands before reversing sharply and setting the stage for a stronger upward move. On Solana, More Crypto Online says the altcoin remains in a corrective phase, struggling below the $164.50 resistance. The next support to watch is $143.50, and a confirmed 5-wave impulse is needed to flip the bias back to Kong Trading stated that Ethereum continues to look attractive amid consistent ETH ETF inflows. For Dogecoin, Trader Tardigrade highlights a historical pattern where DOGE/BTC makes lower lows while DOGE trends upward, a signal that has preceded every major DOGE pump. That setup appears to be repeating Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image: Shutterstock This article Bitcoin, Ethereum, XRP, Dogecoin Dip, But Trader Says Everything's Going According to Plan originally appeared on
Business Mayor
24-05-2025
- Business
- Business Mayor
Uniswap: $13mln exits Binance as UNI coils – What do whales know?
Whale accumulation and an 8.1% drop in exchange reserves reinforced UNI's bullish intent. Network growth resumed as new wallets and Active Addresses rose, while retail ownership declined. A Uniswap [UNI] whale has withdrawn 2.16 million tokens worth $12.98 million from Binance in just five days, with the most recent $7.37 million withdrawal made under 24 hours ago from press time. This accumulation coincides with an 8.1% drop in exchange reserves, suggesting that UNI is being moved into cold wallets rather than set up for sale. Typically, this behavior reflects growing confidence and a long-term holding strategy by large investors. When paired with reduced Exchange Supply, such activity often precedes a strong upward price shift. Can UNI break out from its symmetrical triangle pattern? UNI has been consolidating within a symmetrical triangle on the 4-hour chart, characterized by lower highs and higher lows converging toward an apex. This structure often signals a continuation move, and the MACD is flattening near a crossover point, hinting at a potential bullish reversal. Price action remains compressed within well-defined support and resistance levels, indicating that a breakout is imminent. Given the context of whale accumulation and a growing squeeze on short positions, UNI appears to be coiling for a directional move. Source: TradingView Bullish signs emerge Over the past 30 days, Whale Concentration jumped 6.86%, while Retail and Investor Holdings dropped -2.76% and -7.96%, respectively. This shift in holder distribution indicates that large entities are increasing their control over UNI's circulating supply. Historically, when whales dominate holdings, price action tends to become more directional and deliberate. This reduces random volatility and amplifies breakout momentum when it occurs. Source: IntoTheBlock New wallet creation activity jumped 9.89% over the past seven days, with Active Addresses rising 2.74% in the same timeframe. These metrics suggest that user interest in UNI is rebounding, even as price action remains range-bound. While daily usage still trails previous cycle peaks, this growth signals renewed organic demand at the protocol level. More importantly, increased network activity often leads to higher transaction throughput and fee generation, reinforcing the altcoin's fundamental value. Are large holders still accumulating? Despite a recent 7-day decline of -15.78% in Netflows, the 30-day Netflow ratio for Large Holders has surged by 11.40%, confirming sustained accumulation. Although short-term fluctuations may suggest hesitation, the broader picture shows that whales continue to withdraw UNI from exchanges for self-custody. The Netflow-to-Exchange Ratio remains in positive territory, implying that most of the large transfers are heading off centralized platforms. Source: IntoTheBlock Whale buying is ramping up. Exchange reserves are shrinking. Network activity is rebounding. And price is compressing within a bullish formation. This confluence of strong on-chain and technical signals strengthens the breakout case. If current momentum holds, UNI may soon confirm a decisive rally driven by long-term holder conviction and renewed user interest.
Business Mayor
24-05-2025
- Business
- Business Mayor
AAVE whale's $15 mln buy points to recovery – Can it hold $270?
A whale re-entered the market, buying $15M in AAVE after selling 184.4 WBTC via Wintermute OTC. Exchange data revealed three consecutive days of negative Netflow, indicating strong buying pressure across the board. After rallying to a local high of $270, Aave [AAVE] faced strong rejection and retraced. The altcoin dropped to a low of $239. For some investors, however, the pullback opened a window of opportunity—bringing both retail and whales back into the fold. For starters, according to on-chain analyst Ember, a whale that offloaded 184.4 WBTC worth $20.4 million through Wintermute OTC the previous day has returned to the market. In the past 24 hours, the whale accumulated $15 million worth of AAVE via Wintermute, acquiring 57,715 tokens at an average price of $259.9. The whale has been holding AAVE for the past two years, with a total spend of $30.8 million to acquire these tokens. Currently, this whale sits in a floating profit of $26.32 million. Source: IntoTheBlock Besides this whale activity, AAVE whales are highly active in the market with a higher Large Holders Capital Inflows. A higher inflow from whales indicates increased accumulation. After dropping to 89k, whale capital inflow rose to 224.87k in the past day, suggesting that whales are increasingly buying the altcoin. Source: IntoTheBlock Furthermore, large holders' Netflow remained positive. Over the past day, Netflow from whales has surged from 1.4k to 26.86k. A positive netflow suggests that whales are buying more than they are selling, having offloaded 198k AAVE tokens over this period. Source: CryptoQuant Additionally, this buying spree is not only isolated among whales but across all market participants. Read More OKX Approved: A Win For Singapore's Crypto Ambitions? On the exchange level, AAVE has registered three straight days of negative Netflow, implying more withdrawals than deposits. When this trend persists for a sustained period, it reflects strong bullish sentiments among investors. Price reaction and outlook As expected, increased accumulation has positively impacted the altcoin's price movement. In fact, the token climbed to a daily high of $262 before settling around $260, marking a 1.73% 24-hour gain. With the altcoin showing signs of recovery from its recent decline, it suggested that increased accumulation can push prices higher. Therefore, if the market sentiment is witnessed over the past day, we could see the altcoin make more gains. With buyers holding the ground, AAVE will reclaim $270 where it has faced rejection and attempt $284 resistance. Subsequently, if buyers retake the market, the altcoin could drop to $231 support.
Business Mayor
23-05-2025
- Business
- Business Mayor
Ethereum climbs 65% – But is this rally more than just hype? Analyzing…
Ethereum's OI and whale inflows surged, signaling institutional conviction behind the recent rally. ETH liquidations and technicals point to a likely breakout above $2,714 as shorts get squeezed. Ethereum's [ETH] Futures market has shown remarkable strength over the past month. Open Interest (OI) on Binance jumped from $3.6B to $5.1B—up 41.6%—with the total ETH OI across all exchanges now near $17B. This uptick signals strong institutional and derivatives-driven conviction behind ETH's rally. Importantly, this move is not speculative; it aligns with an almost 65% price rise from $1,600 to $2,663.72. Therefore, Ethereum's recent surge appears more than a temporary spike—it reflects a structurally supported rally backed by robust participation in the derivatives market. Source: CryptoQuant Whale Inflows accelerate In just seven days, Ethereum's Large Holders Netflow rose 22.8%, extending a massive 30-day increase of 1057.08% and a 90-day jump of 392.80%. This surge suggests sustained accumulation from institutional entities and long-term holders. Moreover, the timing of these inflows corresponds with Ethereum's breakout above $2,600, confirming that deep-pocketed investors continue to bet on further upside. Source: IntoTheBlock While accumulation persists, ETH Exchange Reserves have increased by 3.93%, totaling $51.17B. Typically, rising reserves might indicate upcoming sell pressure as more ETH becomes available on exchanges. However, this rise could instead reflect rotational liquidity, where traders deposit ETH for derivatives exposure or to hedge positions. ETH faces major hurdle at $2,714 Ethereum was trading around $2,663, just shy of a strong resistance band between $2,714 and $2,741. The Stochastic RSI sat above 79, indicating overbought conditions, while Bollinger Bands signal reduced volatility. Read More DOT moves toward a bearish zone – Will it push forward? A decisive close above $2,741 would likely open the door to a breakout rally toward $3,000. However, failure to breach this zone could trigger a short-term retracement to $2,581. Therefore, ETH sits at a critical technical juncture that could dictate the near-term trajectory for both itself and the broader altcoin market. Source: TradingView Shorts get squeezed Derivatives data confirms increasing bear capitulation. On the 23rd of May, ETH liquidations showed short positions worth $17.88M being wiped out across exchanges. Binance and Bitfinex led the liquidations, while long positions only accounted for $12.56M. This continued squeeze has amplified ETH's rally, especially as Open Interest and Whale Netflows both support the move. Source: CoinGlass Can ETH break $2,714 and trigger the next altcoin wave? Ethereum appears well-positioned to break above the $2,714 resistance, backed by strong on-chain and derivatives metrics. The sharp rise in Whale Inflows, continued short liquidations, and a 41.6% surge in OI confirm solid bullish momentum. While reserves have risen slightly, this has not weakened the broader bullish setup.
