Из жизни альткоинов

Data from Glassnode has revealed how the large Bitcoin traders showed expert timing in the derivatives market during the market reversal.

Bitcoin Large Traders Have Shifted To A Net Short Bias

In a new post on X, on-chain analytics firm Glassnode has talked about how the large Bitcoin traders behaved during the latest pullback in the cryptocurrency’s price.

Below is the chart shared by Glassnode that shows the trend in the BTC Long/Short Bias, a metric tracking the difference between long and short positions opened by the large investors on derivatives exchanges, over the past couple of months.

From the graph, it’s visible that the Long/Short Bias has mostly been at a slight negative level for Bitcoin during the last few weeks, indicating that the large traders have just leaned toward short positioning. When BTC set its initial all-time high (ATH) above $125,000 on Saturday, however, the indicator assumed a small positive value, implying there was a slight bias toward a bullish sentiment among derivatives users.

Interestingly, this same behavior wasn’t seen during the second ATH break above $126,000 on Monday. In fact, the whales behaved in the completely opposite manner: the Long/Short Bias saw a plunge deep into the negative territory. “The shift to a net short bias suggests profit-taking on longs alongside new short positioning,” notes the analytics firm. Thus, it would seem that the large traders were anticipating a price pullback after the price top, so they started moving in advance.

The Long/Short Bias only saw a further decline when Tuesday’s fast crash below $121,000 took place. Now, the metric is sitting at a value of -4,416.20 BTC, which means bearish bets outweigh bullish ones by more than 4,400 tokens.

It now remains to be seen how sentiment among the Bitcoin whales will develop in the coming days. Another shift from smart money could potentially foreshadow another shift for the asset’s price as well, given the latest pattern.

In some other news, the recent Bitcoin price surge has meant that Percent Supply in Profit has broken into an extreme territory, as Glassnode has pointed out in another X post.

As displayed in the above chart, the Bitcoin Percent Supply in Profit broke above 95% when it crossed the $117,000 level during the rally. Naturally, the metric later went on to reach 100% as BTC set a new ATH, since everyone is in the green whenever the cryptocurrency explores new price levels.

Historically, the metric being above 95% has often indicated overheated conditions for BTC. As the analytics firm explains, such a high value is “a hallmark of Euphoria phases, where widespread profitability often fuels accelerated profit-taking and rising market risk.”

BTC Price

Bitcoin has shown some recovery during the past day as its price has returned to the $123,000 mark.

В каждой стране, где происходят торги на фондовой бирже, есть свои индексы. В США это Доу Джонс и S&P 500, в России — IMOEX, а в Англии — FTSE 100. Криптоиндустрия тоже имеет свой индекс — Nasdaq Crypto Index.

Solana (SOL) slipped to $221 at press time, down 3.9% in the last 24 hours after failing to hold above $230. The move follows a quick retrace from this week’s $238 high and a break below the 100-hour MA near $225.

Near term, traders are watching $218–$212 as the first support band (deeper bids near $210–$215), while $230–$235 caps rebounds, with a heavier $245–$250 supply zone above.

If bulls reclaim $230 on strong volume, momentum could re-target $245; a daily close below $212 risks a slide toward $200. Despite the dip, SOL continues to print higher-lows on the multi-week trend, keeping the broader uptrend viable.

$2.8B Annual Solana Revenue Supports Fundamental Strength

Beyond price, Solana’s fundamentals are flashing green. A new analyst report tallies $2.85 billion in annualized on-chain revenue over the past year, $240 million per month on average, peaking at $616 million in January during the memecoin frenzy.

Trading platforms are the flywheel, contributing 30% ($1.12B), with apps like Photon and Axiom at times generating $260M in a single month. Thanks to sub-$0.01 fees and high throughput, Solana’s revenue run-rate has outpaced Ethereum’s early-cycle trajectory and coincides with 1.2–1.5 million daily active addresses.

DeFi metrics back the story; $13B TVL, 6x YoY growth in stablecoin volumes, and >$500M in tokenized RWA activity signal of durable, non-speculative usage. Upcoming performance upgrades (e.g., Firedancer) aim for dramatic latency and throughput gains, reinforcing the network’s moat for high-frequency DeFi.

Institutional Access, SOL ETFs, and the Q4 Setup

Institutional participation is also expanding on multiple fronts. Public balance sheets reportedly hold $4B in SOL, while staking-enabled trust products and pending U.S. spot SOL ETF applications (from issuers including Fidelity, VanEck, Grayscale, Franklin Templeton, 21Shares, and Bitwise) could unlock the next leg of demand.

Several filings face October deadlines, and prediction markets handicap a very high probability of approval by year-end. In the near term, price may remain choppy as leverage resets across crypto, but Solana’s revenue scale, user growth, and pipeline of upgrades provide a sturdy backdrop.

For traders, the roadmap is straightforward: hold $218–$212 to preserve the bullish structure; flip $230, then $245, to revive momentum. For long-term investors, the multi-billion-dollar revenue milestone and rising institutional rails keep the $300+ debate alive once risk appetite returns.

Cover image from ChatGPT, SOLUSD chart from Tradingview

Bitcoin’s climb shows no signs of stopping, and one of crypto’s loudest bulls says the rally could keep running as long as governments keep expanding the money supply.

According to his CNBC interview, Anthony Pompliano called Bitcoin a “savings technology” and argued that people can protect their earnings by putting part of their money into BTC.

Reports have disclosed that Bitcoin recently hit an all-time high of $126,100 and traded around $122,500 at press time, figures that form the backdrop for Pompliano’s comments.

JUST IN: Anthony Pompliano tells CNBC Bitcoin will never stop going up.

“They will never stop printing money.” pic.twitter.com/qeWJnTsIb3

— Bitcoin Archive (@BTC_Archive) October 7, 2025

Pompliano Frames Bitcoin As Savings Technology

Pompliano told CNBC that the core idea is simple: work, save, and put part of your savings into crypto to preserve value as fiat currencies weaken.

He said that as long as governments and central banks keep printing money, demand for a scarce asset like Bitcoin should remain strong.

Based on his on-camera remarks, he expects the trend to push adoption higher and to reshape how investors think about storing wealth.

The New ‘Hurdle Rate’

Pompliano went further, describing the top digital asset as the “hurdle rate” of modern finance — a baseline investors must beat before choosing other assets.

He contrasted Bitcoin’s performance with traditional markets, arguing that the S&P 500 has risen by more than a hundred percent since 2020 in fiat terms but has fallen roughly 90% when priced in BTC, a comparison he used to stress BTC’s long-term outperformance. This framing explains why he and some others say, “If you can’t beat Bitcoin, buy it.”

Further Gains Ahead

Based on projections, BTC could climb about 20% to $148,500 by the end of the year. The same forecasts sees a jump in market infrastructure: the number of crypto exchange-traded funds could double to 80, and stablecoin circulation is predicted to reach $500 billion as more money moves onchain.

Those observations realistically bolster an argument that the market is maturing beyond the realm of a short-term speculation.

Market Size And Stablecoin Liquidity Here To Stay

Market intelligence reveals that the total cryptocurrency market is sizeable at roughly $4.3 trillion, according to CoinGecko.

In addition, another market data source, DeFiLlama, reports that the stablecoin supply has exceeded $300 billion as an indication that there is a lot of liquidity onchain and it could flow into risk assets like Bitcoin.

Featured image from Kitco, chart from TradingView

Ethereum co-founder and ConsenSys chief Joseph Lubin appeared on Bloomberg Crypto on October 7 and confirmed that ConsenSys is building the prototype for SWIFT’s new blockchain-based shared ledger—an initiative that, according to SWIFT’s own announcement last week at Sibos in Frankfurt, will bolt a permissioned, always-on ledger into the global messaging cooperative’s infrastructure and natively integrate ISO 20022 financial messaging.

SWIFT Builds On Ethereum

Lubin said the first build “will most definitely implement messaging, financial messaging using ISO 20022,” adding that while SWIFT itself is “careful to stay in their lane and focus on the messaging part,” some participating banks are “interested in potentially diving down into settlement layers.”

“I have to be careful about what I say. It is a project that we’re building out. There will be technologists on their side and lots on our side. And I’m glad that you called it a prototype, because that’s what it is,” the ConsenSys founder added.

He declined to give a deployment timeline. “I do have an idea of what sort of timeline, and I can’t say too much about it. We’re defining what we believe will be the end state, and we’re backing that out, so I don’t know if SWIFT will be comfortable releasing the timeline at this point,” Lubin said.

SWIFT’s move—framed explicitly as a shared ledger that records, sequences and validates transactions—was unveiled on September 29, with the cooperative stressing that the project aims to deliver instant, 24/7 cross-border transactions at global scale and to accelerate “the transition to digital finance” while remaining asset-agnostic and interoperable with public and private networks. The formal materials did not name a base chain, but they did name ConsenSys as a core technology partner and emphasized ISO 20022 compliance and smart-contract-enforced business rules.

In his Bloomberg interview, Lubin underscored a broader strategic shift: the long-standing separation between “TradFi” and “DeFi” is breaking down. “Since the start of Ethereum, we had to stay on our own rail… the vibe in Frankfurt was very different,” he said, describing overwhelmingly positive bank feedback and calling it “about time for TradFi to merge or make use of DeFi.” He also characterized the current build as a true prototype with technologists “on their side and lots on our side,” reiterating that SWIFT would control the messaging scope while banks explore deeper layers like atomic settlement.

What “Using Ethereum” Means In Practice

While SWIFT has not officially specified the underlying chain in its press releases, multiple industry reports following Sibos and subsequent public remarks by Lubin say the prototype will run on Ethereum infrastructure—specifically ConsenSys’ Linea, an Ethereum layer-2 network that uses zero-knowledge proofs—positioning the build within the Ethereum ecosystem while maintaining a permissioned perimeter consistent with bank compliance requirements. That reporting aligns with ConsenSys’ own statement that it is “supporting Swift with early-stage prototyping” for the shared ledger.

The institutional context matters. SWIFT’s ledger initiative comes amid rapid growth in the $300 billion stablecoin market and a wave of bank tokenization pilots; its stated design goal is to extend existing rails rather than replace them, allowing banks to opt into tokenized processes where it improves speed, transparency, and finality.

Beyond SWIFT: Lubin’s Treasury Thesis

Lubin also used the Bloomberg segment to discuss the rise of “digital-asset-backed treasuries” (DATs) such as the Ethereum-focused vehicle he chairs at SharpLink. He argued that corporate ether accumulation is a “dampener on volatility,” describing ether as a “productive, yielding asset unlike bitcoin” when staked, and outlining a Berkshire-style flywheel in which a growing ETH base is deployed across Ethereum-aligned protocols for non-dilutive growth.

The strategic through-line is clear: if financial incumbents standardize on Ethereum-based rails for messaging and, increasingly, settlement, balance-sheet ETH becomes a strategic asset for institutions seeking exposure to the network’s activity and yield.

At press time, ETH traded at $4,484.

Binance is celebrating a major milestone as BNB reaches new all-time highs around $1,350, marking another chapter in the exchange’s dominance. The price of BNB has surged over 55% since early September, fueled by strong momentum across the broader crypto market. With this latest rally, BNB has overtaken XRP to become the third most valuable cryptocurrency by market capitalization, now standing at $182.1 billion.

The surge comes amid renewed enthusiasm around Binance Smart Chain (BSC), which continues to outperform other networks in decentralized exchange (DEX) activity. Data shows that BSC ranks #1 across all chains, recording billions in daily volume, with PancakeSwap — its flagship DEX — leading the charge. This on-chain strength highlights Binance’s deep ecosystem advantage, combining network efficiency, liquidity, and user engagement at scale.

Analysts attribute BNB’s performance not only to speculative demand but also to real ecosystem growth. As transaction fees, user activity, and staking metrics rise, confidence in Binance’s ecosystem continues to grow. With market sentiment improving and altcoins showing strength, many see BNB’s breakout as a signal of the next phase of the bull cycle, positioning Binance at the center of crypto’s expanding momentum.

BSC Dominates As Binance Narrative Gains Strength

According to Lookonchain, the Binance Smart Chain (BSC) continues to dominate the crypto landscape, ranking #1 among all blockchains in both decentralized exchange (DEX) volume and chain fees. Over the past 24 hours alone, BSC recorded more than $6.05 billion in DEX trading volume and $5.57 million in transaction fees, surpassing competitors like Ethereum and Solana by a wide margin.

This surge in activity coincides with BNB’s strong performance, which recently broke into new all-time highs around $1,350. The token’s rise has reignited enthusiasm around Binance’s expanding ecosystem, reflecting renewed confidence in its scalability and utility. Analysts note that this growth underscores Binance’s position as a central player in the next wave of crypto adoption — combining high transaction throughput, competitive fees, and an increasingly diverse network of DeFi applications.

The Binance narrative has been gaining momentum across the market as investors recognize the growing impact of BSC’s ecosystem. Projects built on BSC, including PancakeSwap, are attracting significant liquidity, while daily user activity continues to climb. This consistent onchain growth highlights how Binance’s infrastructure supports sustainable demand, even in volatile market conditions.

As BNB leads altcoins into new highs, its ecosystem metrics validate the rally’s fundamentals. Increased trading activity, elevated chain fees, and network expansion all signal healthy organic growth, not just speculative hype. With Binance Smart Chain maintaining the top position in DEX volume and user engagement, the data points to a clear shift in market dominance — one driven by Binance’s unique blend of innovation, liquidity depth, and community scale. If this momentum continues, BSC and BNB could define the next leg of the altcoin bull market.

BNB Reaches Parabolic Phase With Record Momentum

BNB is showing one of its strongest performances in years, with the weekly chart confirming a parabolic breakout above all previous highs. The token surged to $1,349 before slightly cooling to around $1,313, marking a 12.5% weekly gain and extending its rally that began near $850 just weeks ago. This move represents a 55% rise since early September, firmly placing BNB in price discovery territory.

The chart highlights a clear breakout above long-term resistance, supported by growing volume and expanding bullish momentum. The 50-week moving average (blue) has steepened upward and remains well above the 100-week (green) and 200-week (red) moving averages — a strong confirmation of trend acceleration. The price structure also mirrors BNB’s 2021 rally, but with healthier market conditions and broader ecosystem strength.

As long as BNB holds above the $1,100–$1,150 range, the technical outlook remains bullish, with potential upside targets beyond $1,400–$1,500 in the short term. Analysts view this surge as both a technical and fundamental breakout, driven by renewed network activity on Binance Smart Chain and strong investor confidence. With market sentiment turning optimistic, BNB’s chart reflects clear bullish continuation potential as the altcoin bull cycle matures.

Featured image from ChatGPT, chart from TradingView.com

After months of sluggish momentum and sideways trading, Dogecoin (DOGE) is entering a critical technical phase that could set the stage for a significant market shift. Recent chart analysis indicates that Dogecoin’s dominance may be on the verge of a significant breakout, a move that could translate into stronger upward momentum for its price. Analysts believe Dogecoin’s current chart setup is similar to previous major bullish cycles, making this a critical period for traders. 

Dogecoin Dominance Breakout To Ignite Fresh Rally   

Dogecoin‘s dominance has spent nearly three and a half years in a controlled downtrend, beginning in 2021, and finally breaking out of this major resistance in late 2024. According to crypto analyst EtherNasyonal on X social media, the market experienced its first key breakout in November 2024, with a successful retest taking place in June 2025. More recently, a minor downtrend also broke out and retested, signaling growing strength in DOGE’s market position.

The accompanying chart shows a “bullish pin bar” on the retest, which EtherNasyonal emphasized is a classic sign of trend reversal and strong buying momentum. This aligns with the growing dominance curve projected well into 2026, potentially positioning DOGE to capture a larger share of the overall crypto market capitalization. If the dominance continues its current trajectory, the analyst expects it to move from 0.95% dominance to almost 5.5%, an increase that could trigger an explosive price action. 

EtherNasyonal also reiterated Dogecoin’s unique history and growth in the crypto space. In a previous post, he noted that what began as a light-hearted meme has now evolved into a global financial and cultural phenomenon. According to the analyst, a single image of a Shiba Inu has evolved into a movement built on community, humour, and accessibility. 

He also stated that when SpaceX and Tesla CEO Elon Musk first embraced Dogecoin, the coin’s profile skyrocketed. He mentioned that Musk’s lighthearted tweets gave Dogecoin an identity, transforming it from meme to movement. He further added that the meme coin now stands on a more mature foundation, with a loyal global community and integration with various exchange platforms. 

DOGE Resistance Battle Could Define Its Next Move

For months, Dogecoin has repeatedly tested the $0.25-$0.28 resistance zone but has so far failed to break through. Crypto market analyst Matt Hughes pointed out that the current price structure is showing a tightening consolidation near $0.24, indicating growing momentum beneath the surface and signaling that the cryptocurrency may be gearing up for a breakout. 

The analyst noted that a decisive push above $0.27 could trigger a sharp rally toward the final target of $0.36 or higher. Before that, Dogecoin is projected to reach an initial price target zone between $0.31 and $0.32, as illustrated on the chart. Hughes also highlighted a series of higher lows formation, indicating steady accumulation and increased buying pressure—a common pre-breakout behavior. 

Bitcoin pulled back from fresh highs this week, while gold pushed higher and grabbed attention. According to social posts by economist Peter Schiff, a move into precious metals could force crypto prices lower.

Bitcoin briefly slipped below $122,000 after hitting an intraday peak near $126,000 earlier, and the total crypto market cap eased to about $4.13 trillion. Based on figures, most large coins fell; Ethereum, XRP and Solana dropped between 5% and 6%, while BNB was among the few gainers.

Schiff Issues Stark Warning

Schiff wrote on X that “Bitcoin and everything crypto are about to be rugged by gold,” and he forecasted gold reaching $4,000 per ounce if the trend continues.

He argued Wall Street’s optimism on crypto has become hard to justify and suggested that a sharp move in bullion could pull funds away from digital assets.

Gold is trading near $2,700 per ounce at present, putting Schiff’s $4,000 target roughly 50% above current levels. If that happened, large investors would likely take notice, he said.

Wall Street is so bullish on crypto that it’s hard to imagine it going much higher from here. Instead, it’s very likely that Bitcoin and everything crypto are about to be rugged by gold. As gold tops $4k, it’s likely that Bitcoin will sell off, taking the rest of crypto with it.

— Peter Schiff (@PeterSchiff) October 7, 2025

Deutsche Bank Sees A Role For Both Assets

Meanwhile, reports have disclosed a Deutsche Bank research note that paints a different picture. The bank said both bitcoin and gold could be held on central bank balance sheets by 2030 as policymakers respond to a weaker dollar and rising geopolitical risks.

According to the report, bitcoin reached about $123,500 in August and roughly $125,000 in October during a record run for the token in 2025.

Deutsche Bank suggested that a strategic allocation to bitcoin might become part of a modern reserve play, alongside traditional bullion.

Sentiment Split Among Investors

Some market veterans see the recent dips as a pause, not a top. Paul Tudor Jones, for example, has voiced bullish views and expects further upside for bitcoin.

Others, like Schiff, view the setup as the start of a reallocation toward safer stores of value. Traders also noted that the market was pricing in a possible three-week US government shutdown, a factor that briefly boosted volatility across risky assets.

Market Moves Broad But Mild

Trading data showed the total crypto market off slightly after several weeks of gains. Small profit-taking appears to explain the pullback more than any single event.

Based on reports and public comments, two clear scenarios exist: a rotation into gold that drags crypto lower, or a continued appetite for bitcoin that keeps both assets bid.

Some institutional players prefer holding both. Others will watch inflation, rate expectations and dollar strength for clues. For now, markets are split and investors are watching price action closely.

Featured image from Vaulted, chart from TradingView

Cardano (ADA) remains one of the leading blockchains in the broader cryptocurrency sector, and institutions are increasingly paying close attention to the network. As the cryptocurrency gains mainstream recognition, the blockchain is at the forefront of the crucial expansion across the globe.

S&P Broad Crypto Index Welcomes Cardano

While the bull market phase is still ongoing, Cardano continues to make history, reaching crucial milestones that could shape its future trajectory. On Tuesday, Mintern, the Chief Meme Officer (CMO) of Minswap, shared the blockchain’s latest achievements in the financial landscape, which has ignited a frenzy within the community.

In a major victory for the Cardano ecosystem, ADA has officially been added to the S&P Broad Crypto Index Fund, marking a new chapter in its path to global adoption. This inclusion highlights the blockchain’s growing popularity in the context of Decentralized Finance (DeFi), governance, and practical applications.

By becoming one of the most well-known digital assets in the world, Cardano has bolstered its reputation among traditional investors, which could enhance adoption in the short term. Such an achievement during growing crypto acceptance reflects how the network is developing from a research-driven project to a significant player, influencing the future of blockchain innovation.

In the meantime, this crucial development seems to have triggered mixed signals among the Cardano community. Dan Gambardello, a crypto pundit, has outlined a bearish outlook for ADA following its latest listing on the S&P Broad Crypto Index Fund.

According to the crypto pundit, the development is likely to trigger a downward trend in the price of ADA. With the inclusion, Gambardello is confident that manipulation is highly possible at this point, while he keeps track of its duration.

Transactions On The Blockchain Are Picking Up Steam

Cardano’s inclusion in the S&P Broad Crypto Index Fund is likely driven by the blockchain’s reputation and notable performance. A recent report from TapTools reveals that activity on the blockchain is heating up due to a sharp increase in transactions processed over the past 30 days.

TapTool highlighted that the overall transactions processed on the network have surpassed 1 million within the time frame. This increase demonstrates how the Cardano ecosystem is gaining momentum because of increased developer activity, expanded DeFi membership, and more user engagement.

Such a massive number of transactions processed suggests that the network activity remains stable, demonstrating persistent on-chain usage despite market volatility. Furthermore, the growth points to a resurgence in confidence in the network’s scalability and potential in the long term.

Given its growing scalability, the Cardano blockchain is constantly being compared to the likes of Ethereum. OxManuel, a crypto expert, has picked the blockchain over Ethereum, underscoring its increasing relevance. Putting aside liquidity, OxManuel declares that the network is miles ahead of Ethereum.

XRP’s price action has underperformed most top cryptocurrencies that have rallied alongside Bitcoin in the past 48 hours. This consolidation comes after a failed attempt to break through resistance near $3.10, which has seen the token slip back down below $3. 

However, recent on-chain data from analytics platform Santiment shows that despite XRP’s slower pace, something important is brewing beneath the surface, and it could signal a buying opportunity.

Growing Negative Sentiment Around XRP

According to Santiment’s latest market data, XRP is currently experiencing its highest level of retail fear, uncertainty, and doubt (FUD) in the last six months. The last time the altcoin experienced this high level of retail fear was when Trump’s tariff announcements unsettled markets earlier this year. 

Data from Santiment shows that bearish commentary about the token on social media has significantly outweighed bullish sentiment over the past three days. Particularly, negative sentiment has dominated two out of the last three days. The ratio of bullish to bearish mentions dropped to 0.86 on October 6 and 0.74 on October 4. 

Such moments of excessive pessimism among retail traders have always coincided with local price bottoms for the token. The same sentiment imbalance that came before reversals in the past is reappearing and the current fear could once again be a precursor to recovery in the coming days.

The chart data below, which was shared by Santiment on the social media platform X, shows XRP’s bullish-to-bearish ratio reached 3.21 on September 17, and this was a reliable top signal that was followed by a price correction. On the other hand, the latest readings from October reveal an opposite setup, one where fear is dominating.

Is Buying The Altcoin A Good Idea?

Based on the latest on-chain data, Santiment believes that now could be one of the most favorable moments to buy XRP. The crowd’s tendency to sell or express skepticism during these emotional lows gives opportunity for smart traders to accumulate at lower prices before the next uptrend. 

Santiment’s comment on X noted that crypto prices tend to move opposite to retail expectations, with similar FUD being a good sign of a potential breakout. This means that the current surge in bearish chatter might actually point to an upcoming rally, especially if a Spot XRP ETF is launched in October.

Despite its price struggles and losing both $3 and $2.9 in the past 48 hours, the altcoin has managed to hold above $2.8, which has proven to be one of the most important supports since August, alongside $2.72. Therefore, XRP’s ability to hold above its short-term support around $2.80 despite mounting negative sentiment reinforces the idea that downside pressure could soon exhaust itself and pave the way for a bounce to retest $3.10.

At the time of writing, XRP is trading at $2.87, down by 3.3% in a 24-hour timeframe.

Bitcoin is facing a critical test after a sharp but modest correction from its all-time highs, falling from $126,000 to around $120,000. While bulls remain in control of the broader trend, market sentiment is starting to show signs of uncertainty, with some analysts suggesting that Bitcoin could be nearing a cycle top. Others, however, maintain a more optimistic view, arguing that the market is still in price discovery mode and preparing for another leg higher.

Amid this debate, top analyst Darkfost has cautioned investors about a recent wave of misleading onchain interpretations. Reports circulating across social media claimed that over 32,000 BTC, worth nearly $4 billion, moved onchain from wallets dormant for 3–5 years. However, Darkfost clarified that this information is incorrect and stems from a misunderstanding of Bitcoin’s UTXO (Unspent Transaction Output) mechanism.

He explains that while it appears as if tens of thousands of BTC were moved, the actual amount transferred was far smaller, caused by how Bitcoin’s transaction structure records activity. Darkfost’s clarification serves as a reminder to approach sensational onchain news with caution — especially during volatile market phases when fear and euphoria can distort analysis.

Analyst Clarifies Misleading Whale Movement Data

Darkfost shed light on the confusion surrounding the reported movement of 32,000 BTC from wallets that had been dormant for years. He explains that the whale involved — identified as the same trader who recently sold BTC on Hyperliquid to buy ETH — only moved 3,000 BTC, not 32,000.

The confusion arises because the whale’s original UTXO contained 32,321 BTC, which had been inactive for over three years. Since Bitcoin’s UTXO system doesn’t allow partial spending, the entire output had to be spent to move just the 3,000 BTC. After the transaction, the wallet still holds 29,321 BTC, meaning that only about 10% of the total balance actually changed hands.

Darkfost confirmed that this particular address hadn’t shown any outflows in years, adding to the intrigue. While large dormant wallets becoming active can sometimes signal selling pressure, he emphasized that the onchain data must be interpreted carefully to avoid exaggerating market activity.

In this case, the supposed “massive move” was simply a technical artifact of Bitcoin’s transaction structure, not an indication of large-scale selling. Still, analysts and traders are keeping a close eye on similar movements, as reactivated whale addresses can sometimes precede market volatility. Darkfost’s clarification serves as a valuable reminder that context and technical understanding are essential when analyzing on-chain data — especially in times when misinformation can easily fuel panic or speculation across the crypto market.

Bitcoin Holds Key Support After Sharp Pullback

Bitcoin is currently trading around $122,700, showing resilience after a sharp correction from its all-time high near $126,200. The 4-hour chart reveals that BTC successfully held above the $120,000 support zone, suggesting that buyers continue to defend key levels despite short-term volatility. The yellow line at $117,500 remains a crucial level — previously a resistance — now acting as the main structural support in case of further downside.

The short-term moving averages (blue and red lines) show that the price remains above both the 50-period and 200-period moving averages, confirming a bullish structure. The recent bounce from $121,000 aligns with strong demand absorption, which often precedes another upward attempt. If Bitcoin breaks above $124,500, it could signal renewed momentum toward retesting the $126,000 ATH, potentially leading to price discovery.

However, a rejection near current levels could lead to a deeper retest toward the $120,000–$118,000 range, where the next consolidation phase may form. Overall, the chart indicates that Bitcoin’s uptrend remains intact, but bulls need a decisive close above $125,000 to confirm continuation. The market appears to be in a healthy pause after a steep rally, preparing for its next decisive move.

Featured image from ChatGPT, chart from TradingView.com

The past few days have been remarkably positive for Bitcoin, the leading crypto asset, as it surges to a new all-time high above the $125,000 price mark. However, as Tuesday drew to a close, the crypto king experienced a slight pullback. During the notable upward performance in price, several metrics, such as the Futures Open Interest, have flipped bullish once again.

A Resurgence In Bitcoin Futures Open Interest

Bitcoin investors are exhibiting a bullish trend in light of the recent upside move in BTC’s price to a new all-time high. With momentum still present, Glassnode, a leading financial and on-chain data analytics platform, has disclosed a shift in the key BTC Futures Open Interest (OI) metric.

After thorough examination, the on-chain platform observed that the Futures Open Interest is rising sharply, a testament to a heating derivatives market. This ongoing rise reflects a robust wave of renewed bullish sentiment, and investors seem to be reentering the market with conviction.

In a period of strong upside action, these investors might be positioning themselves for the next upward trend. According to Glassnode, the metric experienced a sharp increase as traders added longs during the breakout to new all-time highs. While the price of Bitcoin has slightly pulled back, the flagship asset is currently testing these positions, which aids in resetting leverage. 

In the meantime, monitoring this metric is vital because it will be key to observing where buyers intervene and whether support levels generate fresh demand. In another X post, the on-chain platform has outlined several price levels acting as the next areas of support against recent drawdowns.

Using the Cost Basis Distribution Heatmap, Glassnode has highlighted a thin support between the $121,000 and $120,000 price level. In addition to this, the thin support range is a cluster near $117,000, where over 190,000 BTC were last purchased. It is important to note that a decline into this area may draw in more demand as recent buyers defend this level.

No Selling Pressure From Derivatives Market

Given the recent upward momentum, selling pressure from the derivatives market has significantly decreased. Darkfost, an author at CryptoQuant, reported the development after investigating the BTC Net Taker Volume metric, which compares the size of sell and buy orders on the derivative markets.

While selling pressure is reducing, it simply means that the measure has turned positive. When extreme levels are achieved during bull market phases, the expert claims it is frequently an intriguing moment to enter the market.

As of Tuesday, the monthly average of net taker volume has shifted from an extreme low of –$400 million to an almost perfectly neutral level. This hints at a true shift in dominance between buying and selling pressure, and a similar trend happened during the April correction. 

When that occurs, derivative activity becomes a solid support for the movement of Bitcoin. As the metric undergoes a change, Darkfost pointed to a potential opposite extreme, suggesting a fast, sharp move into strongly positive territory.

Санкт-Петербургская биржа предложила Банку России свою инфраструктуру как готовое решение для торговли криптовалютами и хочет немедленно приступать к торгам — как только ЦБ даст добро, сообщил генеральный директор биржи Евгений Сердюков.

Bloomberg analyst Eric Balchunas has highlighted how the BlackRock Bitcoin ETF (IBIT) has performed in comparison to the world’s largest asset manager’s older funds. This comes as the fund approaches the $100 billion milestone, which will make it the fastest to reach this milestone. 

BlackRock Bitcoin ETF Becomes Most Profitable Fund

In an X post, Balchunas revealed that the BlackRock Bitcoin ETF, which is approaching $100 billion, is now the most profitable fund for the asset manager by a “good amount.” The Bloomberg analyst also highlighted that this is a massive feat for the Bitcoin fund, considering its age in comparison to the other funds.  

The BlackRock Bitcoin ETF, which was launched last year, is currently generating an annual revenue of $244.5 million for the world’s largest asset manager. This is well ahead of BlackRock’s Russell 1000 Growth ETF, which is 25 years old and generates an annual revenue of $219.3 million, placing it in second place. 

Notably, the BlackRock Bitcoin ETF is the only fund on the list that has a single-digit age. The other of BlackRock’s funds are 12 years and above. Eric Balchunas also noted that IBIT was approaching $100 billion in assets under management (AuM), which could make it the fastest to reach this milestone. 

The Bloomberg analyst revealed that the Vanguard S&P 500 ETF currently holds this record, although it achieved this feat in 2,011 days. Meanwhile, the BlackRock Bitcoin ETF, which is just 437 days old, currently has $99.44 billion in assets under management, putting it on track to surpass this record by a considerable margin.

This comes as the BlackRock BTC ETF continues to lead the pack, with massive daily net inflows. On October 6, these Bitcoin funds saw $1.19 billion in daily net inflows, with IBIT accounting $970 million of these flows. Meanwhile, they recorded a daily net inflow of $875.6 million yesterday, with IBIT accounting for $899.4 million of these flows. 

IBIT Also Among Top 20 ETFs By AuM

Eric Balchunas also revealed that the BlackRock Bitcoin ETF is now in the top 20 in ETF assets following the rapid increase in its AuM. Based on its current AuM, IBIT is 19th on the list of largest ETFs, just ahead of Vanguard’s VIG and the “legendary” Technology Select Sector SPDR Fund. 

The Bloomberg analyst remarked that if the last 12 months are repeated, it may not take too long for the BlackRock Bitcoin ETF to break into the top 10. He noted that the fund took in $40 billion over the last 12 months and saw an 85% increase. He added that he will put the timeline at December 2026 if he has to give one. 

At the time of writing, the BTC price is trading at around $121,500, down over 2% in the last 24 hours, according to data from CoinMarketCap.

A new SEC filing shows fresh risks in Michael Saylor’s $78 billion Bitcoin plan. Even with those risks, Saylor’s firm is seeing substantial gains from the Bitcoin it already holds. Michael Saylor shared the news on X, showing both the success and the danger behind his bold Bitcoin strategy.

SEC Filing Reveals Key Risks Of Michael Saylor’s Billion-Dollar Bitcoin Strategy

Michael Saylor’s post on X shares the new SEC filing that explains Bitcoin’s wild price moves bring serious risks. According to the filing, Bitcoin has fluctuated between $60,000 and $120,000 over the past year, making the company’s position unstable. Most of its total assets are in BTC, meaning a sudden drop could result in significant losses. If prices fall sharply, the firm may have to sell coins at a loss to raise cash.

According to the SEC filing, Saylor’s company, Strategy, faces more than $8 billion in debt and pays hundreds of millions in dividends each year. Because these heavy obligations create pressure to maintain steady cash flow, the firm must rely on stable financing and a strong Bitcoin market to remain secure. Michael Saylor warns that, although current profits appear promising, they could quickly fade if Bitcoin turns down. 

Strategy Posts $3.9 Billion Gain Without New Purchases

Even with those risks, Michael Saylor reports on X that Strategy earned about $3.9 billion from Bitcoin in the third quarter of 2025. The company did not make any new purchases last week, but the Bitcoin it already holds gained value. By the end of September, the firm had owned 640,031 BTC, purchased at an average price of approximately $74,000 each. As the market closed the quarter above $114,000 per coin, the total worth of its digital assets rose to more than $73 billion.

During the same period, the SEC filing notes that Strategy also raised more than $5 billion in new capital. This new capital keeps the Bitcoin strategy funded, even without new coin purchases. 

The filing also shows a tax item of about $1.1 billion in deferred expenses. Thanks to new Treasury rules, the company will not count those gains toward minimum tax this year.

Michael Saylor’s update on X shows a company enjoying record value growth while still facing the risks outlined in the SEC filing. According to the SEC filing, the same forces that create huge profits could cause sharp losses if Bitcoin prices fall. The headline number is substantial, nearly $4 billion in gains without selling any coins, yet the details warn of how quickly those gains could disappear. Saylor’s $78 billion BTC plan remains bold and profitable for now, but is open to sudden change if the market turns against it.

С января по сентябрь Агентство финансового мониторинга Казахстана (AFM) закрыло 130 криптовалютных бирж. Власти конфисковали цифровые активы на сумму около 9,2 млрд тенге ($17 млн), заявил заместитель председателя AFM Кайрат Бизханов.

Банк России призвал трейдеров быть осторожными при выборе финансовых инструментов, связанных с криптовалютами. ЦБ хочет защитить биржевых спекулянтов от убытков, вызванных волатильностью крипторынка, заявил первый заместитель председателя центробанка Владимир Чистюхин.<br>

According to reports, Russian police have seized around 2,700 crypto mining equipment from a site in St. Petersburg after a months-long probe into unusually low meter readings.

The haul included banks of machines, fans and other cooling gear, and the authorities say they also took away two transformers.

Large Crypto Mining Rigs Seizure In St. Petersburg

Investigators say the operation started after energy inspectors noticed inconsistencies between recorded meter figures and actual power use.

The site had been connected to the grid since March 2018. It ran, according to officials, until August 2025. Police say three unnamed St. Petersburg residents had originally signed a contract to connect a commercial property to the grid more than seven years ago.

Officers released video of the raid on a ministry Telegram channel. The footage shows police forcing open locked containers and pushing a man to the floor as they searched the premises.

In one container, rows of active machines could be seen, with fans running and cooling systems in place. Other rooms held hundreds more rigs.

Meter Tampering And Charges

Based on reports from the Interior Ministry, investigators believe the suspects used technical knowledge of the power grid to alter meter readings so the utility would show much lower consumption than was actually used.

The suspects behind the illegal crypto mining rig operation were placed in custody and charged with causing “property damage by deception or abuse of trust,” prosecutors said.

The ministry has not released an estimate of how much electricity was taken or the financial value of the theft. Officials also did not say which digital coins were being mined at the site. Police added they are still looking for possible accomplices linked to the operation.

Smaller Networks Found In Other Regions

This seizure follows similar discoveries across Russia and territories under Moscow’s control. In mid-September, authorities uncovered an illegal cluster in what Moscow calls the Donetsk People’s Republic where operators had connected 25 rigs directly to the grid, bypassing meters. Officials reported damage estimated at 14 million rubles ($170,633) for that network.

In other areas, hidden setups have appeared underground or inside trucks and vans. Regions mentioned by officials include Dagestan, parts of the North Caucasus and Southern Siberia — places where cheap or poorly monitored power has sometimes attracted clandestine miners.

Featured image from Protos, chart from TradingView

Американская криптобиржа Coinbase объявила, что жители Нью-Йорка теперь могут совершать на платформе стейкинг эфира и Solana, получая вознаграждение. Компания поблагодарила губернатора штата Кэти Хоукул (Kathy Hochul) за то, что местным жителям наконец стали разрешены возможности, доступные большинству американцев.

Ripple’s University Blockchain Research Initiative (UBRI) showcased how academic research is being fused directly into the XRP Ledger (XRPL), positioning the network as a native home for agentic AI.

In an episode of UBRI’s “All About Blockchain” podcast, host Lauren Weymouth and Professor Yang Liu of Nanyang Technological University detailed a programmable multi-agent execution layer that plugs into XRPL’s transaction and settlement rails so that task-specific agents—trading bots, research tools, IoT services—can live on shared, auditable infrastructure.

Ripple And NTU Build AI Layer For The XRP Ledger

RippleX teased the episode via X: “AI and blockchain are the future of secure, time-saving applications. In the latest episode of the All About Blockchain podcast, Professor Yang Liu of Nanyang Technological University (@NTUsg) explores how AI could enhance the XRP Ledger with: Smarter fraud detection, sharper analysis, new forms of onchain intelligence.”

AI and blockchain are the future of secure, time-saving applications.

In the latest episode of the All About Blockchain podcast, Professor Yang Liu of Nanyang Technological University (@NTUsg) explores how AI could enhance the XRP Ledger with:

Smarter fraud detection …

— RippleX (@RippleXDev) October 7, 2025

Weymouth framed the work explicitly around XRPL, noting that UBRI researchers used Apex to “deep dive into protocol level improvements, security enhancements and use cases driving strategic developments on the XRP Ledger.” She said Ripple’s own UBRI research search tool on xrpledgercommons.org “is being ported as a flagship pump agent app with middleware that they built,” underscoring that the agent stack is being woven into ledger rather than kept as an off-chain convenience layer. The goal, she added, is to show “how academic R&D becomes production-grade innovation” on the ledger itself.

Liu traced the origin of the project from his lab’s cybersecurity focus to blockchain, driven by the reality that “security becomes the kind of number one quest” once value moves on-chain. Early attempts to lean on large language models for smart-contract review ran into a structural problem: “You change one character, you can change a normal program to a vulnerable program and vice versa. But the language model is a probabilistic model. They cannot tell the tiny difference.” That gap between code syntax and runtime behavior pushed the team toward agentic AI—systems that imitate the workflows of expert auditors and attackers and can be deployed as on-ledger services.

“We are really trying to digitize the knowledge and thinking from the security hackers and convert that into the brain of the agent,” Liu said. In single-contract benchmarks, the agents “generated really zero-day vulnerabilities,” with results “the same as our security auditor in-house” in certain cases. For XRPL, the implication is practical: the network can host agents whose methods and outcomes are traceable through on-chain settlement and shared rails, improving accountability for automation that touches value.

Critically for the audience, Liu emphasized that “integration with the XRP kind of platform” serves two functions. First, it gives AI agents native access to payments and settlement. Asked about wiring an XRP payment into the agent layer, he answered, “To be frank, I think there won’t be much hurdles… partly due to the kind of nice platform design of XRP Ledger.”

Second, XRPL’s transparency turns AI adoption into an observable process. “Because the ledgers are on-chain… all the transactions are transparent. So, that can also improve the transparency of AI adoption,” he said. In other words, agents that trigger payments, manage fees, or coordinate services can be coupled to verifiable state changes on XRPL rather than remaining opaque, off-ledger automata.

What To Expect Next

Weymouth pressed on the production path for XRPL-facing software, and Liu’s answer returned to disciplined release cycles that matter on a live ledger: “well-defined… API and documentation, plus the kind of solid testing about this integration.” He added that his group is using agents for software engineering itself—“requirement agent, architect agent, coding agent, testing agent”—to harden the middleware that sits between agent logic and XRPL primitives.

The team’s cautionary notes on AI risk were also grounded in the reality of automating value on a public chain. Liu distinguished AI security—preventing jailbreaks and scams—from AI safety, where goal-seeking agents exhibit unintended behavior. He described a chess agent that “changed configuration of the chess board… and he wins,” and a claims agent that “automatically create a email account… to represent the owner.” If such behaviors are pointed at on-ledger actions, the attack surface includes not only code but also misaligned objectives that could move funds or alter state. “AI safety… become the big thing,” he warned, which is why the team is intent on pairing XRPL integration with guardrails and verification.

Looking forward, Liu laid out a roadmap for the agent layer that keeps XRPL at the center. Adoption is the immediate priority: “people will do the adoption… we can build more agents and more, uh, useful utility agents into the chain and have them widely adopted.” The research agenda behind that push focuses on implementable cognitive capabilities—“abstraction” and “memory” featured prominently—that today’s language models lack but that agents operating around an on-chain transaction engine will require.

“We need to have a dedicated abstraction capabilities… and the memory ideas,” he said, including mechanisms to move information from short-term buffers into “long-term… semantic memory,” so agents interacting with XRPL can reason over state and history rather than react statelessly.

Security remains the proving ground for those capabilities, with the lab exploring whether a memory-augmented agent can learn to detect new vulnerability classes over time. The motif is consistent: design agents that can improve, embed them where their actions and payments are visible, and couple them to XRPL so that automation has both native settlement and public accountability.

Weymouth closed with a practical question for builders in the community. Liu’s advice was blunt and product-driven: “You need to understand what is the value of the research you’re working on. If the research has value, it’s definitely have the demand… the possibility to make a successful startup. Follow your heart, choose the most valuable topic for you, and chase for it.”

For Ripple and NTU, that chase has already put an AI-agent superstructure within reach of the XRP Ledger. From an academic white paper to live middleware “in under a year,” as Weymouth noted, the effort aims to let developers deploy agents that transact in XRP, inherit common security and settlement rails, and leave a transparent footprint on-chain. Whether branded as giving the ledger an “AI brain” or simply making automation verifiable by default, the direction is clear: AI agents aren’t just integrating with the XRP Ledger—they are learning to operate on it.

At press time, XRP traded at $2.85.