Из жизни альткоинов
Мемкоин подорожал на 1400% после первоапрельской шутки
Крупный майнер Riot Platforms продал биткоины на $289 млн
Антон Горелкин заявил об отсутствии «пряников» для майнеров
Компания Circle объявила о запуске «обернутого» биткоина
IMF Evaluates Tokenization Sector: Calls For Roadmap To Address Systemic Shifts
The International Monetary Fund (IMF) has issued a fresh assessment of the tokenization sector, forecasting rapid expansion of on‑chain representation of financial claims while warning that the shift could reconfigure the global financial system and introduce new systemic vulnerabilities.
IMF Flags Limits Of Traditional Resolution ToolsIn a note released by the IMF on Wednesday, tokenization is described as more than a technological innovation: it represents an institutional transformation.
By converting money, securities, and derivatives into programmable digital tokens recorded on shared ledgers, tokenization changes how claims are created, moved, and settled, the IMF stated.
That change, the note says, carries both the potential for efficiency gains and the risk of significant disruption to established regulatory and crisis‑management frameworks.
A central concern for the Fund is that tokenized finance does not fit neatly within the national, territorially bound legal and oversight structures that underpin current resolution regimes.
Traditional crisis-management tools rely on jurisdictional control of institutions, infrastructures, and assets. In contrast, the IMF describes tokenized systems capable of executing transactions across multiple jurisdictions at “machine speed.”
The IMF cautions that this could leave authorities with limited levers to contain stress when the critical control points in a tokenized environment may rest in governance keys, consensus mechanisms, or the logic of smart contracts rather than in nationally domiciled entities.
Five‑Point Roadmap To Tame ‘Tokenization Risks’To address these alleged tokenization challenges, the IMF sets out what it calls a “coherent policy roadmap” built around five pillars that respond to the new allocation of trust and risk created by tokenized infrastructures.
First, the Fund claims settlement should be anchored in safe forms of money: systemically important tokenized transactions must ultimately settle in assets that minimize credit and liquidity risk.
Second, the IMF urges the adoption of global standards and recommendations for crypto markets consistent with the principle of “same activity, same risk, same regulatory outcome,” echoing prior IMF and Financial Stability Board work.
Third, the Fund calls for legal certainty: they said legislators and courts should clarify the legal status of the tokenization sector, how ownership records are established, and when settlement becomes final, ensuring that legal frameworks evolve alongside technical deployment.
Fourth, the IMF recommends common standards for settlement expectations and finality, and cooperative oversight arrangements to prevent fragmentation and to manage cross‑border risks.
Fifth, liquidity and crisis‑management frameworks must be adapted to a continuous, 24/7 automated environment; central banks and other authorities may need to develop new tools or operate directly within tokenized infrastructures to keep their policy instruments effective.
Taken together, the IMF argues, these measures would form the backbone of a stable and efficient tokenized financial system. Implementing the roadmap will require sustained and close cooperation between public authorities and private sector participants across jurisdictions, the Fund notes.
Featured image from OpenArt, chart from TradingView.com
Германия и Италия предложили ограничить допуск стейблкоинов в Евросоюз
Эфириум достиг рекордных 200 млн транзакций за квартал
Prediction Market Clash: CFTC Sues Three States To Claim Exclusive Control
The US Commodity Futures Trading Commission (CFTC) has escalated a jurisdictional clash with state governments by filing lawsuits against three states in a bid to assert exclusive federal authority over prediction markets.
The litigation targets Arizona, Connecticut, and Illinois — and in Illinois’ case, specifically names Governor J.B. Pritzker — after those states took steps the CFTC says improperly constrain or try to regulate contract markets that are registered with the agency.
CFTC Seeks Unified RegulationIn a statement announcing the legal action, the CFTC said event contracts traded on platforms such as Kalshi and Polymarket fall squarely within the Commission’s remit under the Commodity Exchange Act.
The agency argued that Congress intentionally established a unified national regulatory framework for commodity derivatives markets to prevent a fragmented patchwork of state rules that would, in the regulator’s view, undermine consumer protection and increase risks of fraud and manipulation.
“The CFTC will continue to safeguard its exclusive regulatory authority over these markets and defend market participants against overzealous state regulators,” CFTC Chairman Mike Selig said in the release.
The suits mark the first time the regulator has resorted to litigation to press this point, reflecting mounting tension between federal and state officials over how to treat prediction markets.
Congress Considers Tighter Prediction‑Market CurbsThe CFTC accused the named states of attempts to outlaw, limit, or otherwise interfere with the operations of designated contract markets (DCMs) that are registered with the Commission.
Those state actions, the agency said, run contrary to the Commodity Exchange Act’s delegations and risk imposing inconsistent obligations on market participants.
The regulator noted it recently issued an Advanced Notice of Proposed Rulemaking to clarify the application of the CEA and CFTC regulations to prediction markets, and signaled it expects to follow through with formal rulemaking that will more explicitly define and reinforce its supervisory role.
The legal push comes as Capitol Hill and other institutions weigh tighter curbs on certain types of event contracts. A group of congressional Democrats last week introduced legislation that would ban prediction-market wagers on sensitive topics, including elections, war, and sports.
Separately, Massachusetts Representative Seth Moulton proposed a restriction banning congressional staff from using prediction markets, a measure believed to be unprecedented in Congress.
Pressure has also come from professional sports organizations. Sabrina Perel, the National Football League’s (NFL) chief compliance officer, wrote to prediction market operators — in a letter reviewed by CNBC — asking them to block event contracts she considered objectionable.
The NFL has signaled that it believes sports-related contracts may warrant a distinct regulatory approach, an idea that mirrors the CFTC’s position that certain event contracts may need special attention.
Featured image from OpenArt, chart from TradingView.com
Мэтью Сигел оценил перспективы биткоина на ближайшие месяцы
Европейский центробанк назвал сроки запуска цифрового евро
В США конфисковали $600 000 в криптовалюте по делу о фишинге
Coinbase Secures Conditional OCC Approval For National Trust Charter – Details
Coinbase, the largest crypto exchange in the US, has achieved a major milestone after securing a key approval from the main banking regulator, which could unlock a broader market for the company.
Coinbase Wins Major OCC ApprovalOn Thursday, Coinbase announced it received conditional approval from the Office of the Comptroller of the Currency (OCC) to charter Coinbase National Trust Company, marking a crucial step to becoming a federally regulated crypto custodian.
In the official statement, Coinbase outlined the scope of the charter, explaining that the company is not becoming a commercial bank and will not take retail deposits or engage in fractional reserve banking.
“This charter is about bringing federal regulatory uniformity to the custody and market infrastructure business we have been building for years. The OCC charter was designed precisely for this purpose — to provide clear oversight over assets in safekeeping — and that is exactly how we intend to use it,” the announcement read.
The conditional OCC approval allows Coinbase to “build the next chapter of finance,” the company noted, bolstered by the regulatory confidence, and validates its approach of “engaging with regulators, earning their trust, and operating to the highest standards.”
Moreover, the approval signals that the federal regulatory framework is transforming to align with the evolving landscape that crypto has been gradually shaping.
In an interview, Greg Tusar, Co-CEO of Coinbase Institutional, affirmed that “the ability to have a federal framework for our custody business is important,” adding that “this is about us growing our reach and being able to conduct new business that we may not have been able to before.”
Crypto Trust Banks Face OppositionCoinbase applied for the charter last October and has now joined the list of firms that have received the main banking regulator’s approval. As reported by Bitcoinist, the OCC approved conditional bank charters for Ripple, Circle, BitGo, Paxos, and Fidelity in December.
In February, stablecoin platform Bridge, owned by Stripe, and crypto exchange Crypto.com announced they had also secured the OCC’s conditional approval to establish a national trust bank. However, US banks have raised concerns that the approvals could blur the lines between banking activities and lead to regulatory arbitrage.
Nearly two months ago, the American Bankers Association (ABA) asked the banking regulator to postpone its review of applications for crypto bank charters, suggesting that the approvals should wait until key regulatory uncertainties are resolved.
In its letter, ABA called for patience as emerging regulatory frameworks take shape, proposing that the review process continue when the US Congress completes the rules that will ultimately govern many recent applicants for the OCC’s charter.
The banking lobby cited uncertainty surrounding emerging business models, the need for increased transparency in the charter application and decision-making processes, and the absence of finalized federal oversight as key reasons for the proposed delay.
US Senator Elizabeth Warren also sent a letter to Comptroller Jonathan Gould asking the banking regulator to pause its review of the Trump Family’s main crypto venture, World Liberty Financial, which applied for a national trust charter in January.
Минфин Канады предложил правила для эмитентов стейблкоинов
Bitcoin Miner Riot Transfers Out Another 500 BTC Amid AI Push
Another outflow from Riot Platforms has been spotted on the Bitcoin network, a sign that the mining company may be participating in further selling.
Bitcoin Mining Company Riot Has Moved Another 500 BTCAs shared by on-chain sleuth Lookonchain in an X post, Riot Platforms has made a transfer away from its Bitcoin wallet during the past day. In total, this transaction involved 500 BTC, worth $34.13 million at the time that the move took place.
The destination of the move was an unknown wallet, so it’s not possible to say for sure what the intent behind it was, but it’s likely that it was for selling the tokens. Previously, the company offloaded $200 million worth of Bitcoin during the final months of 2025.
Riot is a public Bitcoin mining company based in the United States that holds the BTC that it mines as a treasury asset. In terms of computing power or Hashrate, the firm is among the largest miners in the world, according to data from BitcoinMiningStock.
From the table, it’s visible that Riot Platforms has a total installed Hashrate of 38.50 exahashes per second (EH/s), putting it number five on the list of the largest public mining companies.
Like other big miners, Riot has also been exploring the AI/high-performance computing (HPC) business. As such, it’s possible that the new Bitcoin sale is linked to this expansion.
Before the outflow transaction, Riot Platforms held a total of 18,005 BTC in its treasury, but if the sale is confirmed, that figure would reduce to 17,505 BTC. The miner is currently ranked seventh among the public Bitcoin treasury firms.
BTC Mining Difficulty Is Set To Jump On FridayThe Bitcoin network is approaching its next mining Difficulty adjustment and according to data from CoinWarz, the change is expected to be a green one. The “Difficulty” refers to a feature built into the BTC blockchain that controls how hard miners would find it to mine blocks on the network.
This metric automatically changes its value about every two weeks depending on blockchain conditions since the last adjustment. The BTC network targets a block time of 10 minutes, so if miners mine a block in an average interval faster/slower than this, the chain raises/eases its Difficulty just enough to counteract the change.
Since the previous adjustment, BTC has seen an average block time of 9.60 minutes, which is faster than expected. Therefore, the network will increase its Difficulty by about 4.17% to slow the miners back down to the intended rate.
BTC PriceBitcoin made some recovery earlier in the week, but the coin has declined again as its price is floating around $66,100.
Crypto Traders On Edge As Korea Stalls Key Law — Is The “Kimchi Premium” At Risk Next?
The National Policy Committee of Korea pushed the “second‑phase” crypto act debate until after the June 3 local elections.
Crypto Framework Postponed In A Time Of NeedThe Korean outlet Maeil Business Newspaper reported uncertainty in the crypto industry deepening after the National Policy Committee excluded the Framework Act on Digital Assets from the 31st of March agenda.
Lawmakers sent five finance-related bills to the subcommittee that day: the Framework Act on Administrative Regulation, the Credit Information Protection Act, the Microfinance Support Act, the Insurance Business Act, and the Capital Markets Act. Not a single bill related to crypto was included, but the Political Affairs Committee’s plenary session received Representative Kim Nam-geun’s “Partial Amendment to the Act on the Protection of Virtual Asset Users, etc.” and forwarded it to the Bill Review Subcommittee.
Lawmakers opted to park the second‑phase bill during a sensitive election window rather than ram through divisive provisions on banks and exchange tycoons, which have become “core landmines” in the legislative process. Speculation in Korean political coverage suggest that the presidential office and the Financial Services Commission (FSC) are not fully aligned on how far to push ownership caps and how tightly to ring‑fence stablecoin issuance, adding to the deadlock narrative.
The proposed crypto framework comes at a time of major importance, as the aforementioned political disagreements also happen to be the two key fights occurring between major players in the Korean cryptocurrency and financial industry.
The Stablecoins FightSouth Korea has recently seen a tug‑of‑war between The Bank of Korea and the FSC over who gets to issue won‑denominated stablecoins.
The BOK is pushing for a bank‑led consortium model where commercial banks must hold at least 51% of any issuer of won‑denominated stablecoins. Bitcoinist reported this on October last year.
The FSC, however, accepts that stablecoins need strict safeguards but opposes a hard 51% bank‑ownership rule, warning it would lock out tech platforms, fintechs and exchanges that actually build the user‑facing products.
These stablecoin-issuers rules are to be hard‑wired under the Digital Asset Basic Act, so every month of delay leaves existing and would‑be KRW stablecoin issuers operating in a gray zone or stuck on the sidelines. According to local outlet Aju Economy, this is a real and concerning issue for the industry. They reported on and industry insider lament:
We need the bill to be finalized quickly to determine our business direction, but currently, we are keeping all possibilities open, which is only increasing the cost burden.
The Equity-Cap FightThe FSC has been backing proposals to treat big crypto exchanges more like securities or ATS‑style markets, where no single “same person” can own beyond roughly 15–20% in principle. After heavy pushback, regulators and the ruling party have coalesced around a 20% ceiling for “major shareholders”, with a narrow exception that allows stakes up to 34% for new entrants, mirroring the 33.3% veto line in Korea’s Commercial Act. Bitcoinist covered the story at the beginning of the past month.
For existing giants like Upbit and Bithumb, this is a post‑facto rule. Founders and early backers already hold stakes well above 20%, so a hard cap would force them to sell down significant portions of their equity over a three‑year transition (six years for some smaller exchanges). This could potentially disrupt ongoing M&A and reshape control of the local market.
What This Means For The MarketSouth Korea seems ready to move from ad‑hoc crackdowns to a comprehensive crypto regime. This delay comes on top of recent moves from Seoul to step up oversight with strategies such as AI surveillance, manipulation probes and tax tracking, and to loosen some restrictions, like easing earlier exchange‑stake proposals and reconsidering corporate crypto trading.
Near term, rule uncertainty around KRW stablecoins and exchange ownership could keep Korean venues’ risk premia high and make local listing or market‑making plans harder to model. Post‑election, a bank‑heavy stablecoin framework plus tighter governance rules could favor well‑capitalized incumbents and banks over smaller, high‑beta platforms. This could reshape liquidity and altcoin listings.
Lawmakers watering down ownership caps or opening up stablecoin issuance beyond banks would be a clear risk‑on signal for KRW‑denominated products and for global firms eyeing Korea’s retail base.
Cover image from Perplexity. BTCUSDT chart from Tradingview.
Bitcoin Could Be Taiwan’s Lifeline In Conflict, Think Tank Suggests
Taiwan’s justice ministry is sitting on 210 Bitcoin, seized from criminals and worth roughly $14 million. Most governments would treat that as a footnote. The Bitcoin Policy Institute thinks it should be a starting point.
A Case Built On Worst-Case ScenariosIn a report published Tuesday, BPI research fellow Jacob Langenkamp made the case that Taiwan should build a national Bitcoin reserve — not mainly as a financial play, but as protection against the possibility of a Chinese military blockade or invasion.
His argument is simple: if China cuts Taiwan off, gold cannot be moved and dollar reserves can be frozen. Bitcoin, he wrote, requires no physical transport and remains accessible regardless of what happens on the ground.
Taiwan’s central bank had already looked at the idea and walked away from it. In December, the bank concluded that Bitcoin was too volatile, too hard to store safely, and too thin in liquidity to serve as a reserve asset.
It pointed to the US dollar as the more sensible option. Langenkamp acknowledged those concerns are real — but argued they can be solved with the right institutional know-how on custody and risk management.
The Dollar Problem Analysts Say Taiwan Is IgnoringThe report’s broader warning centers on how exposed Taiwan already is to the US dollar. At least 80% of the central bank’s reserves are held in dollar-denominated assets, and most of its trade runs through the same currency.
Langenkamp listed several pressures that could erode the dollar’s value over time — rising US government debt, Federal Reserve money expansion, a possible downturn in AI-sector valuations, and shrinking semiconductor revenues.
Bitcoin, he argued, could pair with gold to offer a buffer against those risks, giving Taiwan’s central bank a hedge before other countries make the same move.
Taiwan’s central bank did not fully close the door after its December decision. Officials said the bank would continue testing digital asset technology through a sandbox program, using crypto the country already holds.
The Numbers Behind Taiwan’s Existing HoldingsThe 210 Bitcoin figure came from lawmaker Ko Ju-Chun, who disclosed it on social media last year. According to data from crypto treasury tracker BitBo, those holdings — if officially counted — would rank Taiwan seventh among nations holding Bitcoin, just behind El Salvador and ahead of Finland. The country is not currently listed in BitBo’s national reserve rankings.
Whether Taiwan’s government acts on the BPI report remains to be seen. The think tank has no formal role in Taiwanese policy, and the central bank’s position has not changed.
But the report adds a new dimension to the global debate over Bitcoin as a state-level asset — one that goes beyond economics and into the question of what a country does when access to its own money is at risk.
Featured image from Unsplash, chart from TradingView
$410 Million In Bitcoin Losses Realized In A Week. Two Key Indicators Say the Stress Is Not Over Yet
Bitcoin is trying to hold $66,000. The market is bracing for volatility. And the on-chain data entering April tells a story of sustained, intensifying pain — with one critical detail that changes how that pain should be interpreted.
Analyst Axel Adler has published on-chain findings that place the current Bitcoin environment in precise historical context. The 7-day moving average of Net Realized Profit and Loss has reached -$410 million as of early April — a deterioration of $154 million in a single week. That acceleration matters as much as the level: loss-selling pressure is not holding steady; it is deepening. Across March and into April, the metric has remained in sustained negative territory, confirming that sellers are consistently exiting positions below their cost basis.
The quarter’s range tells the full story of the reversal. On January 19th, the same metric registered +$394 million — net profit-taking at scale. By February 7th it had collapsed to -$1.99 billion, the deepest single reading of Q1. The current -$410 million represents a re-intensification after a brief stabilization.
The critical detail is the bear market comparison. From October 2025 through March 2026, cumulative realized losses stand at -$64.2 billion — roughly half the -$125.2 billion accumulated during the entire 2021-2022 bear market. The pressure is real. It is not yet existential.
The Behavior Matches the Losses. That Is the Problem.Adler’s second indicator adds a dimension that the Net Realized P/L metric cannot capture alone. The Short-Term Holder SOPR — measuring the average ratio between the sale price and acquisition price of coins held less than 155 days — has held below 1.0 for nine consecutive days. A reading below 1.0 means short-term holders are selling at a loss. Nine straight days means it is not an episode. It is a regime.
Historically, a prolonged SOPR stress regime of this kind resolves in one of two ways. Either price stabilizes, loss-selling exhausts itself, and the indicator gradually recovers above 1.0 — the pattern associated with bottoming and early recovery. Or price pressure persists, the cohort continues to capitulate, and the market enters a new leg lower. The data does not currently indicate which outcome is forming. It indicates that the stress is active, sustained, and has not yet shown the first sign of resolution.
That first sign has a precise definition. A confident return of the 7-day moving average above 1.0 — and critically, a sustained hold above that level — is the signal Adler identifies as the minimum confirmation that the stress regime is ending rather than pausing.
Taken together, the Net Realized P/L and STH SOPR confirm the same verdict from two different angles. Dollar losses are intensifying. Cohort behavior is systemically loss-driven. The pressure is real and measurable. What it is not — and this distinction matters — is the panic extreme that has historically characterized the final capitulation phase of a bear market. That phase produces readings far more severe than anything visible in the current data.
Bitcoin Consolidates Below Resistance as Bearish Structure HoldsBitcoin is trading near $66,000 after failing to sustain a recovery above the $70,000 level, reinforcing a broader structure that remains tilted to the downside. The chart shows a clear breakdown in February, followed by a high-volume capitulation event that established the current trading range between approximately $62,000 and $72,000.
Since then, price action has been defined by consolidation rather than recovery. Bitcoin continues to print lower highs within this range, signaling that sellers are still active on rallies. The 50-day and 100-day moving averages are both trending downward above price, acting as dynamic resistance and capping upward momentum. The 200-day moving average remains significantly higher, confirming that the longer-term trend has weakened.
Volume behavior supports this interpretation. The initial sell-off was accompanied by a sharp spike in volume, suggesting forced liquidations or aggressive distribution. In contrast, the current consolidation phase shows reduced volume, indicating a lack of strong demand to drive a reversal.
Repeated rejections near the upper bound of the range highlight the absence of conviction from buyers. Until Bitcoin can reclaim key moving averages and break above resistance with strength, the structure favors continued consolidation or a potential retest of lower support levels.
Featured image from ChatGPT, chart from TradingView.com
Crypto Expert Says Dogecoin Is A Weak Altcoin You Do Not Want To Be Holding, Here’s Why
The Dogecoin (DOGE) price is down more than 46% this year, according to CMC data, driven by selling pressures and a general weakness in the meme coin sector. Notably, a crypto analyst has warned investors about the potential downside to holding Dogecoin in this current risk-off market. He notes that the broader financial markets are also under serious pressure amid persistent geopolitical tensions and rising energy costs.
Why Dogecoin Is A “Weak” Altcoin NowCrypto market expert @ColinTCrypto has taken to X to share his bearish forecast for the DOGE price and why he believes the meme coin can still crash. In his post, the analyst described Dogecoin as a weak altcoin and warned that investors should not hold it right now.
The analyst shared a chart showing Dogecoin trading at around $0.09. The chart traces the meme coin’s price movement from its 2021 peak to the present. After its explosive surge during the last bull market, DOGE mostly traded sideways, with occasional short-lived rallies, while the overall trend remained volatile and in a gradual decline.
@ColinTCrypto has noted that this downward trend has culminated in the formation of the white triangle on the chart. He stated that Dogecoin has already fallen to its first critical support zone around $0.09. The analyst noted that the meme coin is showing strong signs of breaking down further, potentially hitting new lows.
Based on the downward trajectory of the white arrow on the chart, @ColinTCrypto predicts that Dogecoin could experience a major price correction to $0.073. At the time of writing, the meme coin is trading at $0.09, holding onto this support firmly, as a breakdown could confirm the analyst’s bearish outlook. Although market dynamics remain volatile, it’s still uncertain whether Dogecoin could crash toward $0.073. However, if it does, DOGE’s value would decline by almost 20%.
Notably, @ColinTCrypto stated that most major altcoins in the market are showing similarly bearish positions. He highlighted that they are on the verge of further breakdowns as broader market sentiment remains weak. The analyst also attributes the current bearishness to a risk-off environment, meaning investors are actively avoiding risky bets and favoring safer options amid persistent geopolitical tensions and market uncertainty.
Analysts Share Similar Bearish SentimentsOther analysts are also watching Dogecoin’s price movements and raising concerns about a potential crash in the near future. Market expert Osemka on X stated that there is no more room left for altcoins to run, indicating that Dogecoin and other meme coins could soon break downwards.
The analyst noted in an earlier post that Dogecoin has been “getting slammed” by the Exponential Moving Average (EMA) for the past three weeks, reinforcing his bearish outlook that the cryptocurrency is on the verge of another decline.
Bitcoin Whales Shed 188,000 BTC As Long-Term Selling Pressure Persists
Analytics firm CryptoQuant has highlighted how the 365-day trend of the Bitcoin whales signals structural selling pressure from large holders.
Bitcoin Whales Have Seen A Large Negative Yearly NetflowIn a new post on X, CryptoQuant has discussed the latest trend in the yearly netflow of the Bitcoin whales, who are investors carrying between 1,000 and 10,000 tokens of the cryptocurrency. At the current exchange rate, the lower end of the cohort’s range converts to $66.4 million and the upper one to $664 million. As such, the only holders who would qualify for the group would be those with a significant amount of capital.
Because of their position on the network, the behavior of the whales can often be worth keeping an eye on, as it may sometimes carry implications for the market. Even when it doesn’t, it can still be revealing about the sentiment among BTC’s most influential investors.
Now, here is the chart shared by CryptoQuant that shows the trend in the 1-year change in the Bitcoin whale supply, as well as its 365-day moving average (MA), over the last few years:
As displayed in the above graph, the Bitcoin whales saw a mostly positive 1-year change between late 2023 and mid-2025. In the back half of 2025, however, things began to change for these humongous entities, with their netflow slipping into the red zone.
From the chart, it’s visible that the shift in the 1-year change of whale holdings came ahead of BTC’s all-time high (ATH) above $126,000. This could be a potential sign that some large entities anticipated the forthcoming change of winds in the market.
After BTC saw its November drawdown, the whale netflow dropped to a highly negative value, reflecting aggressive distribution from the group. In 2026, the indicator initially saw recovery, with the February crash even coinciding with a change to slight net buying from the whales, but since then, its value has again plunged back into the negative territory.
Today, the 1-year change in the Bitcoin whale holdings is sitting at -188,000 BTC. Thus, it would appear that whales are participating in significant distribution. “This isn’t short-term,” noted the analytics firm. “The 365D trend is declining, signaling structural selling pressure.”
In some other news, on-chain analytics firm Glassnode, in its latest weekly report, has pointed out how a notable amount of supply currently has a cost basis above $80,000. BTC has recently been trading below this level, so all these coins have been underwater.
After all the bearish price action, these loss holders have two choices: either sell into relief rallies to minimize losses or risk capitulating on further drawdowns. Glassnode explained:
Resolving this overhang will likely require either a meaningful price discount to attract new buyers or an extended period of time for these coins to migrate from loss-realizing hands into more committed ownership.
BTC PriceBitcoin recovered above $69,000 on Wednesday, but the coin has already retraced this surge as it’s now back at $66,400.
Ethereum Leaving Cryptocurrency Exchanges At Historic Rate, Are Traders Preparing For A Potential Rally?
The Ethereum price temporarily flipped bullish on Wednesday and has moved back above the $2,100 level, but underlying signals are hinting at a potential continuation of the upward move. During this renewed upside strength, investors across cryptocurrency exchanges are demonstrating positive sentiment toward ETH as they have withdrawn a massive portion of the altcoin from these platforms.
A Massive Ethereum Outflow From ExchangesWith the cryptocurrency market slightly recovering, Ethereum is starting to showcase upside potential again. Meanwhile, a striking trend is emerging across the ETH market as investors are choosing to hold on to their coins rather than trade them off.
Leon Waidmann, a market expert and head of research at Lisk, has outlined a notable shift in investors’ sentiment and behavior, especially across cryptocurrency exchanges in the space. Even with persistent drawdowns in price, ETH is leaving trading platforms at a substantial rate not seen in years.
In the report shared on the X platform, Waidmann stated that the ETH balance on crypto exchanges has recently hit an all-time low after examining the Ethereum Percent Balance on Exchanges metric. The significant wave of withdrawal implies that more holders are shifting their holdings into long-term storage or private wallets, effectively decreasing the amount of ETH that is available for trading on these platforms.
When coins are leaving exchanges, it often points to growing confidence among investors. While also tightening market liquidity, this development could play a key role in shaping and determining the next major price move for ETH.
As of Wednesday, only 11% of ETH’s total supply is present on crypto exchanges, which is significant compared to past cycles. In 2023, about 32% of the entire supply was available on exchanges. The decline continued into 2022 and 2024, but in a slow and steady pattern. Meanwhile, by March 2026, the exchange balance had dropped to 11%.
When there is less ETH available on trading platforms, it typically leads to reduced selling pressure as holders pull their holdings and store them in anticipation of a rally. Even as ETH is trading at $2,000, investors are not selling; instead, they are accumulating, which hints at growing bullish sentiment.
ETH Is Setting Up For A Strong BounceAfter a prolonged period of downside performance, Ethereum’s price may be setting up for a major rally. According to Merlin The Trader, ETH is experiencing maximum doubt and minimum attention, which is exactly the period when the altcoin builds up for a notable upward move.
On the 3-week time frame chart, ETH has formed a 3-year trend line, and it is still holding. The $2,100 mark is acting as the support trendline, and the $4,100 level remains the key resistance, acting as the upper line. If the altcoin loses this level, which marks its first since 2022, the structure will undergo a reset. Meanwhile, in the event that ETH holds this structure, it will result in a 339% move.
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