Posted on

Bitcoin’s Bullish Case Hinges On $94,645 Support: Will Buyers Step In?

The Bitcoin market continued to struggle in February marked by a high level of investor uncertainty. Over the last trading week, BTC declined by 2.24%, bringing its total value loss over the past 30 days to around 8.59%. Amidst this indecisive market, digital asset analysis X page More Crypto Online has shared some valuable insights on potential short-term price movements.

Bitcoin Fails To Move Above Feb. 14 High — Market Bulls In Trouble?

In an X post on February 21, More Crypto Online provided an interesting outlook on the Bitcoin market structure. In the past week, the premier cryptocurrency notably experienced some rise price gains leading to a temporal rise above the $99,000 region, before crashing to its present market price of around $95,000.

Following this price action, the experts at More Crypto Online postulate that Bitcoin might have formed a local price top which shows some correlation with recent developments in the stock market. This theory holds more weight, especially considering BTC’s inability to hold above the February 14 market high of $97,800.

Bitcoin

However, using Elliot Wave Theory, these analysts explain two scenarios that could confirm the actual status of the Bitcoin market. Firstly, they propose that BTC could likely be in a corrective Wave 2 movement i.e. a mere retracement after its initial upswing (Wave 1) that precedes a strong bull rally (Wave 3).

For this bullish prediction to remain viable, Bitcoin must hold above the $94,645 support level. If a considerable amount of buying pressure can be introduced at this price zone forcing a consolidation, the cryptocurrency could be set for a price surge to around $103,000.  Conversely, if Bitcoin breaks below $94,645, selling pressure is likely to intensify, leading to further price drops.

However, only a price fall below the $93,450 support zone would nullify the current bullish set-up, indicating the current downtrend is a trend reversal rather than a retracement. In this negative case, Bitcoin could slide to $91,000 with the potential for further decline to below $89,000.

BTC Market Overview

At press time, Bitcoin trades at $96,261 following a 1.78% loss in the past 24 hours. However, the market’s daily trading volume is up by 56.60% and is valued at $49.03 billion.

According to data from Coincodex, the Fear & Greed Index is currently at 49 indicating a neutral sentiment from investors. This development corresponds with the general uncertainty as investors are in a wait-and-see phase as they are unsure about Bitcoin’s next price move.

Interestingly, CoinCodex analysts remain optimistic with a bullish prediction of $108,429 in five days and $131,693 in the next month.

Bitcoin

Posted on

McCann’s Meme Street Revolutionizes Institutional Meme Coin Investing. $MEMEX Likely to 100x as a Result.

Joe McCann, a hedge fund founder with experience of more than 25 years, has been up to some interesting research as far as meme coin investing is concerned. His flagship fund, called the Technology Master Fund, is ranked third in the world in terms of 12-month cumulative returns. This is as of March 2024.

When the world was jumping into trending meme coins, McCann developed a pretty unique method of catching the bull by its horns. He merged the traditional Wall Street methods of mitigating risk and the frenzy of the meme market to build a new ‘Meme Street’ investing ethos.

McCann believes that one of the key skills of a trader is to stay as unemotional as possible, especially when the markets are tanking. If not, it can lead to very poor trading decisions.

Plus, seeing as the memecoin market is filled to the brim with euphoria, it can be very difficult for investors to get a hold of their thoughts. This is where a more risk-measured and systemic approach like Meme Street comes in handy.

What Are the Rules of Meme Street?

The biggest difficulty in trading meme coins for institutional investors is liquidity. That’s why McCann only takes large exposure in blue-chip meme coins. These are the biggest cryptocurrencies that have maintained over $1B market cap mark for at least 90 days.

Another rule of Meme Street is to limit the exposure of the entire fund to just 2% for coins that are not a part of the top 20% of the total crypto market cap.

Once these ground rules have been established, McCann goes on to analyze the best meme coins just as any other asset class using technical analysis and data.

McCann’s $BONK Trade

In 2023, McCann observed that stablecoin funds were flowing from Ethereum to Solana. Now, Solana had not crossed the $30 mark for the most part of 2023. A shift in funds could have helped $SOL hold its resistance and see the prices soar, which is exactly what happened.

Now, investors would use this game to park their funds in high-beta coins for a steep risk-to-reward possibility. The challenge was to find out which asset investors would sit on. McCann placed his bet on $BONK, which, lo and behold, saw a massive rally in Q4 2023.

Bonk ($BONK)

Exiting a position is also crucial. Now, since Bonk was still in a price discovery mode, there were no technical indicators to suggest an exit. To solve this, McCann started studying real-time order flows to see if there is any slowdown in Solana’s inflows.

McCann built a system that could identify large order flows into a particular asset (say Solana) and then use this information to decipher whether this flow can be attributed to accumulation or distribution. If data suggested distribution trends, it would be safe to exit a meme coin trade.

McCann’s Outlook for 2025

McCann is bullish on Bitcoin and Solana in 2025, primarily due to increasing institutional interest. Several countries have been aggressively buying $BTC as a part of their strategic reserves. Solana, on the other hand, is a cheaper, faster, and more user-friendly alternative to Ethereum.

However, he also has a word of caution for those looking to buy into hype for quick gains. McCann believes the period of easy money is over, and only strategic traders will survive in 2025.

Investing in meme coins doesn’t have to be super risky, especially when a systemic investing method similar to Meme Street is now launching for meme coins. Enter Meme Index ($MEMEX).

What Is $MEMEX?

Meme Index ($MEMEX) brings the good old stock market concept of index funds to meme coins. It offers a total of four different meme coin baskets, each with a varying degree of volatility, risk, and profit potential.

Depending on your risk appetite and analysis (a slow market would mean you should go for safer investments, for instance), you can choose one or more $MEMEX baskets.

Meme Index ($MEMEX)

Here’s a brief rundown of the four indexes on offer:

  1. Meme Titan Index: Contains well-established meme coins with a market cap of over $1B. Perfect for risk-averse and new meme coin investors.
  2. Meme Moonshot Index: Meme coins that are about to surge past $1B in market capitalization. This provides a balanced mix of risk and reward.
  3. Meme Midcap Index: Coins with a market cap between $50M and $250M. Riskier than the above two but also more rewarding.
  4. Meme Frenzy Index: Cryptos that are likely to explode. A very volatile index, ideal only for real risk-takers.

Needless to say, these meme coin baskets, even the riskiest Meme Frenzy one, significantly reduce the total amount of risk you put on by diversifying your investment across various coins.

So, you’re less likely to go bust if a meme coin doesn’t perform as well. Because others in the basket will still ensure you end up in green.

Why Can $MEMEX Be the Next Crypto to 100x?

As McCann said, the current market conditions aren’t screaming bullishness, meaning ‘buy and HODL’ wouldn’t probably work as well as it does in bullish conditions. Times like these require smart investing. Exactly what $MEMEX brings to the table.

Furthermore, investors who have been so far skeptical of entering the meme coin space because of its volatility and dare we say pump-and-dump nature will consider $MEMEX as their chance to finally set foot in meme coins.

For more information, check out $MEMEX’s whitepaper and its X feed.

Meme Index is currently in presale, where it has already raised over $3.8M. You can get 1 $MEMEX for just $0.0164239 if you get in now, but hurry up because prices increase in the next 18 hours. If this is your first crypto presale purchase, here’s a guide on how to buy $MEMEX.

As always, we urge you to do your own research before investing your hard-earned money. The crypto and memecoin markets, after all, are quite volatile and unpredictable in the short term. Also, this article isn’t a substitute for professional financial advice.

Posted on

Bitcoin Faces Serious Price Compression – What Happened Last Time

Bitcoin has experienced a tiring price action in recent weeks, with the price struggling to set a clear short-term direction. Investors are beginning to feel impatient as BTC remains stuck in a tight range, showing no decisive breakout. The price was testing crucial supply between $98K and $100K when the market was hit by negative news, adding further uncertainty.

On Friday, the cryptocurrency exchange Bybit suffered a massive hack, with $1.4 billion in ETH stolen. The incident triggered fear among traders, leading to increased volatility across the crypto market. However, Bybit responded quickly, working to reassure investors and prevent further market-wide panic.

As Bitcoin remains range-bound, price compression is becoming extreme, indicating that a major move could be coming soon. Top analyst Big Cheds shared an analysis on X, revealing that Bitcoin is facing its tightest daily Bollinger Bands (BBs) since August 2023, when the price was at $29.5K. Historically, such low volatility phases lead to explosive price movements, making BTC’s next move critical.

Bitcoin Price Action Signals Imminent Breakout

Bitcoin has struggled below the $100K mark since late January, with bulls unable to confirm a recovery rally despite multiple attempts. At the same time, bears have failed to push BTC below key demand levels, keeping the price above $90K. This ongoing battle between supply and demand has created an uncertain short-term outlook, leaving the market waiting for a catalyst to determine the next move.

The lack of directional clarity has led to Bitcoin consolidating in a tight range, signaling an upcoming breakout. Big Cheds’ insights on X reveal that Bitcoin now has its tightest daily Bollinger Bands (BBs) since August 2023, when BTC was trading at $29.5K.The last time BTC saw this level of price compression, the market experienced an aggressive price drop before a long accumulation phase that eventually led to a recovery. 

BTC tightest daily BBs since August of 2023 | Source: Big Cheds on X

With BTC now coiling up for another breakout, traders remain cautious about the direction of the move. If BTC reclaims $100K, an explosive rally into price discovery could follow. However, a breakdown below $94K–$90K could trigger deeper corrections, making the next few days critical for the market.

If history is any indication, this period of low volatility is unlikely to last much longer. The market is preparing for a major move, and traders are closely watching key resistance and support levels for confirmation. With Bitcoin’s supply on exchanges at historically low levels and long-term holders showing resilience, a breakout above $100K could spark a new wave of buying pressure.

BTC Struggles After Volatile Friday

Bitcoin is trading at $96,000 after a highly volatile Friday, where the price spiked to $99,500 before dropping to $94,800 following news of the Bybit hack. This sudden price action unsettled investors, as BTC failed to hold above critical supply levels and experienced a rapid selloff.

BTC testing short-term demand | Source: BTCUSDT chart on TradingView

Now, bulls must defend the $95K level throughout the weekend to prevent further downside. Holding this level would signal strength and allow BTC to push toward the $98K resistance, a key area that needs to be reclaimed for a breakout attempt above $100K.

However, losing the $95K mark could trigger a breakdown into lower demand levels, potentially retesting the $94K or even $90K zones. Market sentiment remains divided, as BTC is showing signs of compression, typically leading to an aggressive move in either direction.

For now, all eyes are on whether Bitcoin can reclaim $98K and sustain momentum, or if bears will push the price into deeper corrections. The weekend could be critical in determining the next major trend, as BTC remains stuck in a tight range between $94K and $100K with increasing volatility.

Featured image from Dall-E, chart from TradingView

Posted on

Ether Supply Squeeze? Bybit Hacker Emerges as World’s 14th-Largest ETH Holder

The Bybit hacker, supposedly a North Korean entity, is now one of the world’s largest ether holders, which may have bullish implications for the cryptocurrency’s spot price.

According to data from Arkham Intelligence and Coinbase executive Connor Grogan, this malicious actor holds 489,000 ETH, valued at approximately $1.34 billion, constituting about 0.4% of ether’s total supply, making it the 14th-largest Ether holder globally. That puts the hacker ahead of the Ethereum Foundation, Ethereum’s CEO Vitalik Buterin and Fidelity.

It’s important to note that the addresses linked to this entity are being closely monitored and backlisted by exchanges, which means the hacker will likely struggle to offload these coins in the market.

In simpler terms, the hacked ether supply is likely lost permanently. Furthermore, Bybit, which has reportedly secured a bridged loan from unnamed partners to cover nearly 80% of the ether lost in the Friday hack, will likely need to purchase coins in the market.

“As far as this supply is concerned, it’s essentially gone. No OTC desk or exchange will facilitate the movement of such a large amount. Meanwhile, Bybit is short 402k ETH. The bridge loan may cover immediate needs, but purchasing will still be necessary,” Vance Spencer, co-founder of the crypto VC firm Framework Ventures, said on X.

That probably explains why ether has bounced 2.6% to $2,730 from the overnight low of around $2,614. Funding rates in perpetual futures tied to ether remain positive, implying a bias for long positions, according to data source Coingecko.

Posted on

Best Crypto to Buy as Odds of a Kanye West Meme Coin Spike 83%

Anticipation among both crypto enthusiasts and bettors remains high for a potential Kanye West meme coin. If it becomes a reality, the token would almost certainly be one of the best cryptos to buy.

The uproar has been caused by an alleged CoinDesk article, which all but confirmed Kanye’s meme coin ambitions. However, the market isn’t so sure anymore, as sources are saying CoinDesk received fake news.

Nevertheless, the prediction market is seeing mind-blowing volumes ($18M+ at the time of writing) on the query of whether Kanye West will launch a meme coin by the end of February.

Kanye West meme coin Polymarket

The odds for ‘Yes’ spiked to 83% sometime yesterday but have since then settled around the 70% mark. The fall is likely due to the fact that February 28 is approaching quickly and there has been no official news on a potential YE token. Not on his website Yeezy.com, his X, or anywhere else.

Rogue $YZY Token Rug Pulls

As unfortunate as it is, an unregulated $YZY token started doing the rounds almost immediately after the rumors surfaced. It ended up becoming a rug pull, losing more than 80% of its value after the pump and dump.

Although a Kanye West meme coin would certainly be cause for celebration for meme coin opportunists, even if it doesn’t see the light of day, the tokens mentioned in this post can still 100x your crypto portfolio in no time.

1. BTC Bull Token ($BTCBULL) – Best Crypto to Buy for Bitcoin Supporters

The toughest part about being a meme coin investor is gathering assurance about a token’s hype. After all, you just never know whether a meme coin’s seemingly revolutionary idea will resonate with everyone.

However, what if there were a meme coin that was based on the growth of the larger crypto market? That’d be a surefire winner, right? We present to you BTC Bull Token ($BTCBULL).

BTC Bull Token ($BTCBULL)

BTC Bull Token will reward token holders with free $BTC whenever Bitcoin reaches new price milestones. These checkpoints are $50K apart, meaning there’ll be $BTC airdrop events when $BTC crosses $150K, then $200K, $250K, and so on.

This one-of-a-kind crypto project is already among the best presales of 2025. $2.5M+ in presale funding in less than two weeks is no joke, after all. 1 $BTCBULL is currently available for only $0.002375.

2. Solaxy ($SOLX) – First-Ever Layer 2 Solana Solution

Solana has been struggling to maintain the increased number of investors on its network ever since the launch of $TRUMP and $MELANIA. Transactions are taking ages (if not failing outright), scalability is in shambles, and Solana looks worn out. Enter Solaxy ($SOLX).

Solaxy ($SOLX)

As the first-ever Layer 2 solution on Solana, Solaxy will optimize throughput while maintaining the network’s robust security and decentralization benefits. This means transactions will be carried out at a much quicker pace and at lower costs than before.

Also, $SOLX is a multi-chain token. It’ll work just as smoothly on Ethereum as it will on Solana. This interoperability further cranks up its utility and, therefore, its potential to be the next crypto to explode.

The $SOLX presale has been on fire ever since it first launched late last year. It has raised close to $23M at the time of writing and doesn’t look like slowing down. You can purchase one of the top new meme coins for just $0.001642 per token. Here’s how to buy $SOLX.

3. Best Wallet Token ($BEST) – Official Crypto of the Most User-Friendly Crypto Wallet

One of the best altcoins on the market right now, Best Wallet Token ($BEST) is the native cryptocurrency of the best crypto wallet, Best Wallet. The name gives it away, doesn’t it?

Best Wallet, in case you didn’t know, is easily the most intuitive and powerful wallet out there. Among its plethora of features, the fact that it’s fully self-custodial stands out. This means it isn’t controlled by any crypto exchange or company. Privacy in crypto redefined!

Best Wallet Token ($BEST)

What’s more, it’s also a multi-currency wallet that supports cross-chain interoperability. Simply put, if you use Best Wallet, you won’t have to rely on any other service for buying, selling, or swapping cryptos.

Why buy $BEST?

  1. Primarily because it will be the biggest beneficiary of Best Wallet’s growth. And grow it will. The wallet is on its way to capturing 40% of the crypto wallet market by 2026.
  2. Secondly, $BEST will supercharge the Best Wallet ecosystem for its token holders. They’ll get exclusive perks, such as low transaction fees, early access to crypto presales, and higher staking rewards.

The $BEST presale has amassed over $10M so far, and each token is currently being priced at $0.024075. But interested investors should hurry up because prices increase in the next 12 hours.

4. Broccoli ($BROCCOLI) – Popular Dog Meme Coin Dominating the Market

If you want an example of just how wild a Kanye West meme coin could get, all you have to do is look at which token has been dominating the top gainers list since the last 10 days. It’s $BROCCOLI.

Broccoli ($BROCCOLI)

Inspired by the pet dog of Changpeng ‘CZ’ Zhao, the ex-CEO of Binance and a crypto legend, $BROCCOLI is up over 952% since its debut just over a week ago. That’s what happens when a popular personality dips their toes in the meme coin frenzy.

All CZ did was drop his dog’s name (Broccoli) and picture on X, as well as talk candidly about the ‘likelihood’ of launching a meme coin. That’s all it took for new $BROCCOLI tokens to flood the market.

$BROCCOLI is currently trading at $0.03983, rising by over 18% again today. At one point, it was up 50% today. A positive buying signal is that the token underwent a nice little consolidation after skyrocketing initially and has only just broken out of a descending triangle pattern.

Bottom Line

As always, make sure you take the crypto market’s volatility into account when investing. Market hype can be both a boon and a curse, depending on when you get it. It’s also why we recommend that you only invest an amount you’re comfortable losing.

Also, this article isn’t a substitute for financial advice from a professional. Kindly do your own research before diving into crypto and meme coins.

Posted on

Cardano Must Hold Critical Support Around $0.67 To Sustain Bull Run – Details

Cardano is trading above key demand levels after a volatile Friday that saw prices react sharply to the Bybit $1.5+ billion hack news. Bybit is a top cryptocurrency exchange. The market-wide panic took prices from local highs to critical demand zones, with Cardano dropping over 7% in less than six hours. Fear spread quickly, driving prices down as investors worried about further downside pressure. However, Bybit’s quick response and assurances have helped restore confidence, preventing a more aggressive selloff.

Despite the turbulence, Cardano remains above crucial support, suggesting that bulls are still in control as long as these levels hold. Top analyst Ali Martinez shared a technical analysis on X, revealing that the most critical support zone for Cardano (ADA) is between $0.67 and $0.80. This range serves as a strong demand area where accumulation has historically occurred. Holding this level is crucial for ADA’s short-term outlook, as a breakdown below could trigger further selling pressure.

With market sentiment stabilizing and key support levels intact, ADA could be positioned for a rebound. However, bulls need to reclaim lost ground quickly and push back above resistance levels to confirm a stronger recovery. All eyes remain on the broader market reaction following Bybit’s security breach.

Cardano Bulls Holding Key Demand

Cardano is trading at key demand levels that could serve as a strong base for a recovery rally. Bulls remain cautious as volatility and uncertainty continue to drive most altcoins into lower demand zones. The extreme selling pressure seen across the market since late December has shown no signs of stopping, leaving many investors on edge. Despite this, there is growing optimism that Cardano could soon reverse its bearish trend and begin a strong rally.

Technical indicators suggest that ADA is at a critical point, where a sustained hold above key demand levels could set the stage for a significant move upward. Martinez’s technical analysis on X highlights that the most critical support zone for Cardano is between $0.67 and $0.80. This price range has historically served as a strong accumulation zone, and as long as it holds, the broader bull run remains intact.

Cardano testing crucial demand | Source: Ali Martinez on X

If ADA successfully defends this range, bulls could regain confidence and push the price toward higher resistance levels. A breakout above key supply levels could accelerate buying pressure, triggering a move back toward previous highs. However, if selling pressure intensifies and ADA breaks below support, further downside could follow.

With market sentiment improving following Bybit’s security breach resolution, investors are watching closely for signs of strength in Cardano’s price action. Those who have been accumulating during this consolidation phase could benefit from an eventual uptrend if bullish momentum returns. Holding above the $0.67–$0.80 zone will be crucial in determining whether ADA can recover and reclaim lost ground in the coming weeks.

Price Testing A Critical Level

Cardano (ADA) is trading at $0.75 after another failed attempt to reclaim the $0.82 mark, a key resistance level that bulls have struggled to break. The short-term objective for bulls must be to push ADA above this level and hold it as support, signaling a shift in momentum toward the upside. A successful breakout would open the door for a test of the $0.85 level, which is aligned with the 4-hour 200 moving average (MA)—a key indicator of short-term strength.

ADA retraces to short-term demand | Source: ADAUSDT chart on TradingView

For now, ADA remains in a consolidation phase, and bulls need to maintain control above the $0.73 level in the coming days. Holding this price range would confirm short-term strength and indicate a potential bullish recovery. If ADA fails to stay above $0.73, sellers could regain control and push the price lower, increasing the risk of a deeper correction.

Market conditions remain uncertain, but if bulls reclaim $0.82, a strong rally could follow, driving ADA toward higher resistance levels. Investors are watching closely to see if Cardano can establish a higher low and break the bearish trend that has persisted for weeks. Holding key support levels is essential for a sustainable recovery.

Featured image from Dall-E, chart from TradingView

Posted on

Crypto Exchanges Start to Fill Bybit’s $1.4B Hole as Hackers Move Stolen Funds

Crypto exchange Bitget has transferred 40,000 ether (ETH), worth $105 million, to Bybit, offering crucial support to its industry counterpart in the wake of the over billion-dollar hack suffered by the exchange.

The funds transferred are from Bitget’s own reserves, not user deposits, which remain securely stored on the platform and can be cross checked through the proof of reserves, the exchange’s CEO, Gracy Chen, said in a note shared with CoinDesk, while assuring more support if needed.

“At Bitget we strongly believe in supporting the community and everyone contributing towards the growth of crypto,” Chen said.

A suspected North Korean entity drained approximately $1.4 billion in ether from Bybit on Friday. The hack prompted an unprecedented wave of withdrawal requests from users, with the exchange successfully processing 99% of them, effectively facing a significant market stress test.

Part of the stolen funds started to move during Asian afternoon hours on Saturday with over 5,000 ETH moved through eXch mixer – a service that masks wallet address – before being sent to bridge protocol ChainFlip where the stash was converted to bitcoin (BTC).

In an X post, ChainFlip said it couldn’t block fund movements as it was a fully decentralized applications that relies on automated smart contracts, but that it had “turned off some frontend services to stop the flow.”

On the other hand, Bitget has blacklisted wallets tied to the hacker that drained ether worth millions from Bybit on Friday.

“We will block any transactions flowing in from illicit addresses to the exchange once it has been monitored. Our team of security, and researchers, are currently tracking these activities,” Chen said.

Despite the hack, Bybit had managed to process over 350,000 withdrawal requests and has since restored normal withdrawal operations, per an X post.

Posted on

Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto

A former cryptocurrency exchange executive remarked that Bitcoin is an inescapable reality, a statement that stirred a discussion within the crypto community.

The comment made by the former CEO of Binance, Changpeng Zhao, was a reaction to the report that another American state sought to establish a local version of US President Donald Trump’s proposed Strategic Bitcoin Reserve.

Bitcoin Reserve Bill

The proposal to create a US Strategic Bitcoin Reserve is gaining momentum as several US states passed legislation that seeks to establish a localized version of a BTC reserve and build their crypto portfolio.

Satoshi Action Fund posted on its X account that Montana’s proposed House Bill No. 420 which seeks to create a localized Bitcoin reserve has been passed.

“Strategic Bitcoin Reserve legislation in Montana passes out of committee and moves onto a House floor vote,” Satoshi Action Fund said.

Representative Curtis Schomer sponsored the BTC-related bill.

“Montana becomes the 4th state to pass SBR out of committee. Utah, Oklahoma, Arizona, and Montana,” Dennis Porter, CEO and Co-Founder at Satoshi Action Fund, noted on his social media post.

‘No Escape’

With this development, CZ posted his thoughts on the Montana legislation, implying that Bitcoin has become an unavoidable reality while saying, “There is no other choice.”

“You can buy bitcoins after the US government is done buying, or before,” CZ said in a post, indicating that buying the firstborn cryptocurrency is inescapable and that it is no longer a debate whether to buy or not but rather when investors should make a purchase.

A crypto trader agrees with CZ’s opinion that no one can avoid BTC. “Front-run the biggest buyer in history, or wait until there’s nothing left. The choice isn’t if—it’s when.”

The trader added that those late in adopting BTC will have to pay the premium for not making the move earlier.

“Countries or individuals. There is no escape… It’s like, you can’t not use the internet (or money),” CZ replies to a crypto streamer who said that other countries are also thinking in the same way Montana did in creating a Bitcoin reserve.

BNB Donation

In a separate post, CZ emphasized the significance of crypto donations to help other individuals during disasters.

The ex-Binance executive shared that his previous donation was returned to him with additional crypto, describing it as something unexpected.

Earlier, CZ gave away 150 BNB worth $100,000 to crypto investors who lost their money in a pump-and-dump scheme related to the LIBRA coin, a digital asset that was briefly promoted by Argentina’s president, Javier Milei.

CZ said that he sent the BNB to a university student, who added $50,000 of his own money to aid the victims. He believes that the student might have earned decent profits on BNB and decided to return the crypto to CZ with a bigger value.

Featured image from Finans, chart from TradingView

Posted on

As Bitcoin Sell Pressure Fades, Could A Local Bottom Be Forming? Analyst Explains

According to an X post by crypto analyst Ali Martinez, Bitcoin (BTC) is witnessing a decline in sell-side pressure, indicating that a local market bottom may soon form for the premier cryptocurrency. 

Bitcoin Local Bottom On The Horizon?

Bitcoin continues to trade just below the psychologically significant $100,000 level, hovering at $98,650 at the time of writing. However, the top cryptocurrency by market capitalization is witnessing a notable drop in sell-side pressure.

Martinez shared the following Bitcoin Sell-Side Risk Ratio chart from crypto analytics platform Glassnode, highlighting a sharp decline in the metric since mid-January 2025. This drop suggests that BTC may be forming a local price bottom, potentially leading to a new accumulation phase.

sell side

For those unfamiliar, a declining sell-side risk ratio typically indicates that investors are holding onto their BTC rather than selling, signalling the early stages of an accumulation phase where prices may stabilize or begin to rise.

Martinez’s analysis aligns with broader crypto market cycle theories, which suggest that market bottoms are often followed by an accumulation phase. This phase, in turn, paves the way for a potential price increase.

However, BTC must hold above key support levels to confirm this outlook. Crypto analyst Rekt Capital weighed in on Bitcoin’s price action, emphasizing the importance of a weekly close above $97,000 to maintain its higher low as support.

The analyst shared a Bitcoin weekly chart, noting that while BTC has seen multiple wicks below its symmetrical triangle structure, the overall bullish pattern remains intact. However, failure to close above $97,000 on the weekly timeframe could increase the risk of further downside.

rekt

Similarly, fellow analyst Daan Crypto Trades shared a bullish perspective, pointing out that BTC recently had a “solid break” from a descending channel structure. The analyst added:

Just need to see the continuation now into the weekend to get a good base going into next week. $98K is key in the short term.

Is BTC Primed For A New All-Time High?

While Martinez suggests that BTC may be forming a local bottom, other analysts believe the cryptocurrency is gearing up for a move beyond $108,000, potentially reaching a new all-time high (ATH). Analyst Kevin, for instance, predicts that a short squeeze could propel BTC to $111,000.

Similarly, recent analysis by Rekt Capital highlights that BTC is showing early signs of a bullish divergence which could break the digital asset’s bearish price momentum. At press time, BTC trades at $98,650, up 0.1% in the past 24 hours.

bitcoin

Posted on

Arthur Hayes Proposes Rolling Back Ethereum Network to Negate $1.4B Bybit Hack

Arthur Hayes, BitMEX co-founder and major ether (ETH) holder, asked Ethereum co-founder Vitalik Buterin to rollback the network in order to assist hacked exchange Bybit, which lost nearly $1.4 billion in ether (ETH) on Friday.

“@VitalikButerin will you advocate to roll back the chain to help @Bybit_Official. My own view as a mega $ETH bag holder is $ETH stopped being money in 2016 after the DAO hack hardfork. If the community wanted to do it again, I would support it because we already voted no on immutability in 2016 [wh]y not do it again?” Hayes said on X.

Buterin was yet to reply as of time of publication.

The Bybit hack came into light on Friday when on-chain analyst ZachXBT noted suspicious outflows of over $1.4 billion from the exchange, with the attacker quickly swapping mETH and stETH for ether through a decentralized exchange.

The attacker then split 10,000 ETH to 39 different addresses and another 10,000 ETH to nine addresses, Gautham Santhosh, co-founder of Polynomial.fi, explained on X.

Bybit CEO Ben Zhou said that the hacker “took control of the specific ETH cold wallet and transferred all the ETH in the cold wallet to this unidentified address.” Zhou confirmed that the exchange “is solvent even if this hack loss is not recovered.”

One of the potential ways to address hacking is to roll back the blockchain. It involves reverting the blockchain to a state before the occurrence of a specific event, in this case, the hack. That way, malicious transactions resulting from the hack can be erased, effectively restoring lost or stolen funds. Implementing a rollback requires consensus from the network participants.

For instance, in 2016, the Ethereum network was rolled back using a hard fork to reverse a theft of $60 million in ether from The DAO (30% of all ETH in circulation back then). The hard fork split the chain into two – Ethereum and Ethereum Classic.

In 2019, Binance’s CEO Changpeng Zhao and his team considered pushing for a rollback on the Bitcoin network following a $40 million hack. However, the Bitcoin mining community criticized the idea of going back against the principle of decentralization and immutability, which are fundamental to blockchain technology.

Immutability is a security feature that prevents data from being changed after it’s added to the blockchain to make it trustworthy and tamper-proof. There are similar concerns regarding a potential Ethereum rollover.

“I wish we could roll back for the Bybit hack, I’m not against the idea. But the DAO hack was 15% of ETH with a clean recovery path. Today, a rollback would break bridges, stablecoins, L2s, RWAs and so much more. ETH ecosystem is just too interconnected now for a clean solution like 2016,” Santhosh said.

Sina 21st Capital explained that Ethereum is now stuck between a rock and a hard place.

“Ethereum is toast. They can roll back the chain and destroy what is left of the decentralization claim or allow North Korean baad actors to keep $1.4B of ETH and unleash an eternal internal battle. Either way, it is terrible,” Sina 21st Capital said on X.

Ether has dropped nearly 3% in 24 hours, but continues to trade rangebound between $2,600 and $2,800, CoinDesk data show.

Posted on

Altcoins Ready For Round Two? CryptoQuant CEO Says Altseason Already Begun

As the cycle progresses, many investors are awaiting the long-anticipated Altseason, with opinions split on whether it will happen. Several market watchers have affirmed that Altcoins (Alts) are getting ready for an explosive breakout, but others, including CryptoQuant’s CEO, have suggested a different outlook.

Few Cryptocurrencies To ‘Survive’ The Altseason

On Friday, Ki Young Ju, CryptoQuant’s founder and CEO, affirmed that the Altseason has begun. In an X thread, Ju suggested that there will not be a direct Bitcoin-to-alt rotation this cycle, noting that “stablecoin holders are favoring” Altcoins.

According to Ju, Bitcoin is no longer a quote cryptocurrency, adding that Bitcoin (BTC) Dominance doesn’t define the altseason anymore. In a December post, he explained that “Altcoins used to move together based on their correlation with BTC,” however, this pattern has now broken.

Instead, he stated that trading volume is the metric that defines it, with Altcoins currently having 2.7x the volume of Bitcoin. Ju also considers this to be a very selective and challenging altseason, with only a few Altcoins with strong user cases and narratives expected to thrive.

He added that, despite good market sentiment, there isn’t fresh liquidity, which “feels like a PvP fight over a fixed pie.” As a result, Altcoin battles “are getting fiercer,” and only a few are pumping this altseason and attracting new liquidity.

Altcoin markets are currently a zero-sum PvP game. While Bitcoin has doubled its market cap, the alt market cap is still below its previous ATH, rotating among themselves without fresh capital inflows. Only a few Alts with strong use cases and narratives will survive.

Altcoins Ready For Next Leg Up

Trader Crypto Yoddha suggested that Altcoins are “ready for round 2” after its recent performance. According to the post, the crypto market, excluding BTC and ETH, is following 2020-2021’s playbook.

During the last cycle, Altcoins experienced two legs towards its cycle top and all-time high (ATH) of $1.13 trillion. In the “first round,” they broke out from its accumulation period, seeing a small re-accumulation phase before surging to the previous top.

Altcoins

After reclaiming this resistance level, Altcoins started “round two,” achieving various new highs before hitting a new cycle top. Yoddha pointed out that the market is finishing the first round, as it tested last cycle’s top during the post-election pump.

Analyst Rekt Capital affirmed that the crypto market cap, excluding the top 10 tokens, “has completed the second part of its Double Bottom formation.” He explained that Altcoins had been consolidating between the $250 billion to $280 billion range since the February 3 correction.

Per the post, Alts must close above $280 billion and retest this level as support to confirm a breakout from its three-week resistance and attempt to reclaim the $300 billion mark.

Similarly, analyst Carl Runefelt stated that Altcoins have a parabolic move after breaking out of its two-month descending channel. Alts saw a 120% climb after breaking out of a 2024 multi-month descending channel. Altcoins must reclaim the $300 billion resistance to break from this pattern.

Altcoins, TOTAL2

Posted on

XRP Bulls Need This Break For A Shot At $6

Crypto analyst Egrag Crypto (@egragcrypto) has outlined both short-term and long-term trajectories for XRP, pinpointing potential upside targets that range from $4–$6 in the near term to $33–$60 over the long haul. The shared chart focuses on historical resistance levels, Fibonacci extension points, and a multi-phase Parabolic Arc formation.

XRP Eyes $6—But This Key Level Stands In The Way

Egrag Crypto’s chart shows XRP trading near $2.67, coming off a notable bullish surge but now contending with a red horizontal band between roughly $2.75 and $3.00. The upper boundary at $3.00 holds dual significance: it marks a psychologically important level and also corresponds to a critical area from previous cycle peaks. A monthly close above this line would strongly suggest a bullish continuation, potentially setting the stage for a move toward the next Fibonacci extension marks.

XRP price analysis

“XRP current price action is trading at $2.67, showing a strong bullish move but facing resistance at the red horizontal zone (~$2.75-$2.83-$2.910 and $3.00),” Egrag states. The analyst particularly highlights Fib 1.414 near $4.30 and Fib 1.618 around $6.40 as the next barriers if $3.00 is decisively broken. A volume surge would strengthen the bullish case and provide extra confirmation for the run to unfold.

Failure to overtake $3.00, however, could trigger a correction back into the $1.90–$2.00 support region identified by earlier candle closes. Egrag Crypto notes that if $1.90 fails to hold, a more extensive drop toward $0.90–$1.00 could ensue, which the analyst labels as a potential “Black Swan” scenario likely driven by broader market turmoil rather than XRP-specific weakness.

Egrag writes: “Breaking below $1.90 could shift sentiment to bearish, introducing downside risks toward the $0.90-$1.00 range. This would signal a potential Black Swan event across all markets! Such a collapse would be a challenging prelude before the ignition stage for XRP. Honestly, I don’t favor this scenario, as it would be stressful for all of us, including many OGs. Could the upcoming fort knox auditing be the catalyst for this Black Swan.”

In the long term, the chart presents three sweeping parabolic arcs—colored yellow, green, and blue—which suggest that XRP may be building a broad-scale bullish structure. Price targets in the $33–$60 range reflect these arcs and channel extensions, though much hinges on whether a monthly close above $3.00 can usher in sustained momentum.

Beyond the $6.40 level at Fib 1.618, Egrag Crypto identifies additional Fibonacci-related checkpoints, such as $8, $13, $27, and $67 (Fib 1.888). These higher levels would remain speculative until XRP clears the nearer hurdles and demonstrates stable volume influx and price structure. “Volume and momentum confirmation would be crucial in the[se] coming phases,” he adds.

While the path forward depends on technical breakouts, Egrag Crypto underscores that near-term movement around $3.00 will be pivotal for setting the tone. A successful break above resistance could confirm targets in the $4–$6 window, and eventually open the door to the lofty parabolic objectives.

At press time, XRP traded at $2.6198.

XRP price

Posted on

Bitfinex Whale Activity Increases As Bitcoin Approaches $100k—Further Surge Ahead?

Following a lackluster performance in recent weeks, Bitcoin appears to be seeing a steady recovery with its price now approaching the $100,000 price mark.

Particularly, so far, BTC has managed to regain some of the losses shedded in recent weeks with its price now hovering above $98,000, marking a 2.6% increase in the past 7 days.

Alongside this price movement, new data have emerged highlighting significant activity among large holders on exchanges, suggesting a shift in market dynamics.

Bitfinex Whales Show Increased Activity

A CryptoQuant analyst known as Mignolet has recently shared a detailed outlook on exchange whales and their influence on the current price action in Bitcoin. Mignolet’s observations focus on leverage ratios across major trading platforms. According to his analysis, the “all exchange leverage ratio” is at an all-time high.

Bitcoin estimated leverage ratio on all exchanges.

This measure, which captures the amount of leverage being used on exchanges, reflects heightened activity that could precede significant price moves. Interestingly, while Binance has seen its leverage ratio drop back to levels last seen during last year’s consolidation phase, Bitfinex tells a different story.

On Bitfinex, leverage ratios have surged sharply, aligning with a rise in open interest. Mignolet highlights that this activity points to a sudden increase in whale movements within the ongoing consolidation range.

While these leverage ratios alone don’t guarantee a specific price direction, the sharp uptick on Bitfinex suggests a shift in market dynamics that bears watching.

According to the CryptoQuant analyst, the question now is: What are these whales aiming for? Mignolet’s analysis stops short of providing a definitive answer, but it raises the possibility of a major price shift soon.

With Bitcoin’s price holding steady above $98,000, the actions of these large-scale traders could influence whether the market breaks higher or retreats back into a more extended consolidation phase.

Bitcoin Encounters Potential Strong Support Zone

Meanwhile, Bitcoin has continued to inch closer to the six-digit price mark which it recently fell below in the previous week. Although the asset is still roughly an 8.7% decrease away from its all-time high (ATH) above $109,000 established in January, it has managed to see an uptick in price in the past few days.

Bitcoin (BTC) price chart on TradingView

At the time of writing, Bitcoin trades at $98,091 marking a 1.2% increase in price over the past day. According to data from IntoTheBlock, the asset appears to be seeing a formation of a “massive demand zone just below the current price.”

IntoTheBlock highlighted that should the market face further downward pressure around this area, the zone may act as strong support.

Featured image created with DALL-E, Chart from TradingView