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Новая вредоносная программа Stealka крадет пароли криптовалютных кошельков и данные банковских карт с компьютеров под управлением Windows, сообщили специалисты российской компании «Лаборатория Касперского».

Комиссия по ценным бумагам и биржам США (SEC) обвинила 37-летнего основателя майнинговой компании VBit Technologies Дана Си Во (Danh C. Vo) в мошенничестве, а также присвоении и растрате клиентских $48,5 млн.

Предпоследняя полная неделя 2025 года прошла для криптовалют почти полностью в минусе. Несмотря на достаточно много позитивных новостей, инвесторы предпочитают не рисковать, обходя цифровые активы стороной. Что будет дальше?

При наличии устойчивого бычьего тренда через десять лет цена биткоина может превысить $2,95 млн, заявили аналитики компании CF Benchmarks.

Суд Южного округа Нью-Йорка приговорил жителя Мексики Магдалено Мендосу (Magdaleno Mendoza), старшего промоутера криптопирамиды IcomTech, к 71 месяцу тюремного заключения. Суд также обязал мужчину выплатить пострадавшим от пирамиды $789 000 компенсаций.

A coalition of leading cryptocurrency firms is urging lawmakers on the Senate Banking Committee to reject specific provisions concerning stablecoins outlined in the recently passed GENIUS Act. 

This push, coordinated by the Blockchain Association, comes as more than 125 participants from the crypto industry voice their opposition to a proposed reinterpretation of an existing prohibition on stablecoin interest.

Among the organizations backing this letter are the Bitcoin Policy Institute, the Crypto Council for Innovation, the DeFi Education Fund, the Solana Policy Institute, the Digital Chamber, as well as major players like a16z Crypto, Coinbase, Gemini, Kraken, and Ripple.

Stablecoin Law Sparks Conflict

The GENIUS Act, signed into law by President Trump in July, is designed to set a regulatory framework for dollar-backed digital tokens, commonly known as stablecoins. A key element of this legislation is a provision that prevents stablecoin issuers from offering “any form of interest or yield.” 

However, this provision has ignited a contentious debate between the crypto and banking sectors regarding its extent and the necessity for any amendments.

Summer Mersinger, CEO of the Blockchain Association, addressed these concerns in comments to The Hill. “Reopening the issue before we have even started rulemaking just doesn’t make sense,” she stated, emphasizing the importance of maintaining legislative certainty. 

She argued that if Congress can revisit a bill immediately after it has been enacted, it raises questions about the law’s reliability for the marketplace.

The banking industry contends that the prohibition on interest should also apply to other entities that provide rewards to holders of stablecoins. They describe this stance as a crucial measure to address what they view as a “loophole,” asserting that it undermines the original intent aimed at stabilizing the financial ecosystem.

In contrast, the cryptocurrency sector maintains that the existing law strikes a careful balance that enables stablecoins to remain competitive in the payment services market. The letter from industry leaders outlines this perspective, stating: 

Congress prohibited stablecoin issuers from paying interest or yield to those holding stablecoins while intentionally preserving the ability of platforms, intermediaries, and other third parties to offer lawful rewards or incentives to consumers. 

Crypto Industry Challenges Banking Sector Claims

At the heart of the debate are concerns from banks about potential deposit outflows. Financial institutions fear that allowing rewards could incentivize individuals to shift funds into stablecoins, thereby reducing the amount of capital available for lending.

In response to these concerns, the crypto industry has cited an analysis from Charles River Associates, which found no significant correlation between the adoption of stablecoins and levels of deposits at community banks.

Furthermore, they pointed out that it seems contradictory to claim that banks are truly constrained by deposits when approximately $2.9 trillion in bank reserves are currently earning interest at the Federal Reserve (Fed) rather than being utilized for loans.

The industry’s letter challenges the banking sector’s position, stating, “Opposition to stablecoin rewards reflects protection of incumbent revenue models, not safety and soundness concerns.”

Democrats believe that it is possible to find a balanced approach, stating, “Congress can find solutions to this issue that protect the banking system while still permitting rewards and incentives.”

Featured image from DALL-E, chart from TradingView.com 

Генеральный директор платформы Real Vision Рауль Пал (Raoul Pal) заявил, что несмотря на рост цены сохраняющей анонимность владельца монеты Zcach, перспективы бычьего тренда актива в 2026 году выглядят неопределенными.

Суд в Лондоне приговорил к шести годам тюремного заключения бывшего старшего разработчика платформы для запуска мемкоинов Pump.fun Джарретта Данна (Jarett Dunn), известного под прозвищем «Криптовалютный Робин Гуд».

Гендиректор Tether Паоло Ардоино (Paolo Ardoino) заявил в подкасте Bitcoin Capital, что главным фактором риска для биткоина в 2026 году станет «пузырь искусственного интеллекта» (ИИ).

В правительстве России утвердили перечень бюджетных расходов, в которых цифровой рубль может быть использован уже в 2025 году. В него вошли соцобеспечение и заработная плата, сообщили в Минфине.

Аналитики американского банка JPMorgan объяснили, почему рынок стейблкоинов вряд ли достигнет $1 трлн к 2028 году. Они назвали эту цифру слишком оптимистичной.

On-chain data shows the distribution of the underwater Bitcoin supply has been shifting recently with the share of long-term holders rising.

23.7% Of Bitcoin Supply Is Currently Being Held At A Loss

In its latest weekly report, on-chain analytics firm Glassnode has discussed about the latest trend in the Bitcoin Total Supply in Loss. This metric measures, as its name suggests, the total amount of the cryptocurrency’s supply that’s currently carrying a net unrealized loss.

The indicator works by going through the transaction history of each token in circulation to see what price it was last moved at. If this previous transaction price was lower than the latest spot price for any token, then that particular coin is assumed to be underwater right now.

The Total Supply in Loss adds up all coins of this type to produce a net situation for the network. A counterpart metric called the Total Supply in Profit accounts for the tokens of the opposite type.

Now, here is the chart shared by the analytics firm that shows the trend in the 7-day moving average (MA) of the Total Supply in Loss over the last few years:

As displayed in the above graph, the Bitcoin Total Supply in Loss witnessed a sharp surge as the asset’s price crashed in November. Since then, the metric has stayed inside the 6 to 7 million BTC range, with its current value being 6.7 million BTC. This phase corresponds to the highest degree of loss on the network since 2023.

Glassnode explained:

Persisting within the 6–7 million BTC range since mid-November, this pattern closely mirrors early transitional phases of prior cycles, where mounting investor frustration preceded a shift toward more pronounced bearish conditions and intensified capitulation at lower prices.

The report has also shed light on how this loss supply is distributed between the two main divisions of the Bitcoin investors based on holding time: short-term holders (STHs) and long-term holders (LTHs). The cutoff between the two groups is 155 days, with investors who purchased inside this window falling in the STHs and those with a longer holding time in LTHs.

As the below chart shows, the Bitcoin loss supply spike last month was initially dominated by STHs.

With the cryptocurrency ranging low since then, the distribution of the loss supply has seen a shift between the two cohorts: LTHs have gained some notable share.

Of the 23.7% Bitcoin supply in circulation that’s underwater right now, 13.5% is held by STHs and 10.2% by LTHs. “This distribution suggests that, much like in prior cycle transitions into deeper bearish regimes, loss-bearing supply accumulated by recent buyers is gradually maturing into the long-term holder cohort,” noted the analytics firm.

BTC Price

At the time of writing, Bitcoin is trading around $85,400, down more than 5.5% over the last week.

Власти Якутии рассматривают возможность размещения мощностей для майнинга на Улугурском и Эргеджейском газовых месторождениях. На них работает совместное предприятие «Алросы» и компании «Сахатранснефтегаз» – «Улугурнефтегаз».

In its latest effort to provide clearer regulatory clarity, the US Securities and Exchange Commission (SEC) has published detailed guidelines for broker-dealers on the custody of crypto assets.

SEC Clarifies Crypto Custody Standards For Broker-Dealers

On Wednesday, the SEC’s staff of the Division of Trading and Markets issued a statement addressed its views on the application of paragraph (b)(1) of Rule 15c3-3 to crypto assets that are considered securities, including tokenized versions of an equity or debt security.

Under Securities Exchange Act of 1934, Rule 15c3-3 requires any broker-dealer to “promptly obtain and thereafter maintain physical possession or control of all fully paid and excess margin securities it carries for the account of customers.”

The new guidelines clarify how “any broker-dealer that carries crypto asset securities for customers, including broker-dealers that conduct a traditional securities business” can maintain compliance with this rule despite tokens being on the blockchain.

According to the SEC’s statement, a broker-dealer can consider itself to have “physical possession” of the crypto assets if it has direct access to the asset and the capability to transfer it on the associated distributed ledger technology (DLT).

Broker-dealers must also conduct and document an throughout assessment “of the distributed ledger technology and the associated network where transfers of ownership of a crypto asset security are recorded prior to undertaking to maintain possession of the crypto asset security, and at reasonable intervals thereafter.”

In additions, they must establish, maintain, and enforce “reasonably designed written policies and procedures” to ensure the assets’ security, the protection of private keys, they have adequate plans to address unexpected disruptions to its possession of the crypto assets, including theft, unauthorized used, network attacks, and hard forks.

This circumstance emphasizes that a broker-dealer has policies, procedures, and controls reasonably designed to help ensure that no other person, including the broker-dealer’s customer or a third-party (including the broker-dealer’s affiliate), has access to the relevant private keys and the ability to transfer the asset without the authorization of the broker-dealer.

Meanwhile, the agency explained that “a broker-dealer does not deem itself to possess a crypto asset security if the broker-dealer is aware of any material security or operational problems or weaknesses with the distributed ledger technology and associated network used to access and transfer the crypto asset security or is aware of other material risks posed to the broker-dealer’s business by custodying the crypto asset security.”

SEC’s Path To Clearer Rules

The SEC affirmed that the statement is part of its efforts to provide greater clarity on the application of federal securities laws to crypto assets. Notably, the regulatory agency recently published guidelines to help educate retail investors about the ways they can hold crypto assets and is pushing to modernize its rules to facilitate an positive market environment.

Earlier this month, the US regulator revealed it is evaluating tokenization to modernize the issuance, trading, and settlement of public equities. SEC chairman Paul Atkins asserted that “Distributed ledger technology and the tokenization of financial assets, including securities, have the potential to transform our capital markets.”

Moreover, Atkins recently stated that the Commission could issue innovation exemption rules for crypto firms in early 2026.  The agency has been considering the rule exemption since July to “permit novel ways of trading and more narrowly tailored forms of relief to facilitate the building of other components of a tokenized securities ecosystem.”

The change would allow crypto firms to quickly launch products without having to comply with “burdensome prescriptive regulatory requirements that hinder productive economic activity.” Instead, they would “be able to comply with certain principles-based conditions designed to achieve the core policy aims of the federal securities laws.”

In a recent crypto crime report, blockchain intelligence firm Chainalysis has uncovered a troubling trend in crypto theft. As of now, over $3.4 billion worth of digital assets has been stolen, surpassing the total amount reported in the previous year. Notably, North Korean hackers have been implicated in the majority of these thefts.

Crypto Theft Escalates

The report, published on Thursday, highlights significant alterations in how these thefts are occurring. One alarming statistic shows that compromises of personal wallets have surged, escalating from just 7.3% of the overall stolen value in 2022 to a staggering 44% in 2024. 

Even if the Bybit attack hadn’t dramatically skewed the figures, the share for 2025 would still stand at 37%. Meanwhile, centralized services are facing increasing losses due to private key compromises.

Although such compromises are comparatively infrequent, their scale often accounts for a vast majority of stolen volumes. In fact, private key compromises were responsible for an overwhelming 88% of losses in the first quarter of the year.

Chainalysis also noted a stark escalation in the scale of these attacks, with the ratio between the largest hack and the median of all incidents exceeding 1,000 times for the first time in 2025. 

This implies that funds taken in the largest hacks are now 1,000 times greater than those stolen in typical incidents—a worrying trend that eclipsed even the peak activity during the 2021 bull market.

Record-Breaking Year For DPRK Theft

The Democratic People’s Republic of Korea (DPRK) continues to be the most formidable nation-state threat to cryptocurrency security, claiming a record year for digital asset theft despite a substantial decrease in the reported frequency of attacks. 

In 2025, North Korean hackers reportedly stole at least $2.02 billion in cryptocurrency, signifying a 51% increase from the previous year. This is the highest value ever recorded for DPRK-related crypto theft, with these attacks contributing to a record 76% of all service compromises.

The rise in stolen funds can be attributed in part to the DPRK’s tactics. Cybercriminals linked to the regime have increasingly embedded IT workers within cryptocurrency services, allowing them privileged access to high-impact compromises. 

However, a notable evolution in strategy has emerged: DPRK operatives are now impersonating recruiters for well-known Web3 and artificial intelligence (AI) firms. 

This approach involves orchestrating fake hiring processes, which culminate in technical screenings intended to harvest sensitive credentials, source code, and access to systems at current employers.

158,000 Cases Logged In 2025

In a significant finding, the report indicates that personal wallet compromises in 2025 accounted for 20% of the total value stolen. This marks a decline from 44% in 2024, reflecting an evolution in the types and scales of attacks. 

The number of theft incidents skyrocketed to 158,000 in 2025, a threefold increase from the 54,000 recorded in 2022, while unique victims surged from 40,000 to at least 80,000 in the same timeframe. 

Despite this increase in incidents and victims, the total value stolen from individual victims has decreased from $1.5 billion in 2024 to $713 million in 2025. This suggests a shift in focus, where attackers target a larger number of users but steal smaller amounts per person.

Featured image from DALL-E, chart from TradingView.com 

Ethereum Day — это закрытая встреча сообщества Эфириума, посвященная приватности, масштабируемости и институциональному будущему экосистемы второй криптовалюты.

Senior researcher at on-chain analytics firm Glassnode has explained how the recent Bitcoin shark “accumulation” is not a sign of organic buying.

Bitcoin Shark-Sized Entities Have Been Growing Recently

In a new post on X, Glassnode senior researcher CryptoVizArt.₿ has talked about the recent growth in the supply attached to the Bitcoin sharks. “Sharks” are defined as the entities carrying between 100 and 1,000 BTC.

At the current exchange rate, the range of this cohort converts to $8.7 million at the lower end and $87 million at the upper one. Due to the significant size involved, sharks are considered as a investor group, although they are less influential than the whales (1,000+ BTC).

Lately, the supply of the sharks has been following a rapid upward trajectory, as the chart shared by CryptoVizArt.₿ shows.

Since November 16th, the Bitcoin sharks have seen their combined balance change from 3.33 million BTC to 3.60 million BTC, reflecting a significant rise of 270,000 tokens. “The key question, however, is whether this reflects genuine net accumulation, or merely internal reshuffling across cohorts, a distinction only deeper on-chain analysis can resolve,” said the Glassnode researcher.

By “reshuffling,” CryptoVizArt.₿ is referring to the merging or splitting of holdings that investors sometimes take part in. For example, a whale deciding to break their balance across multiple wallets can register as a decrease in the whale supply, and an increase in the supply of whatever bracket the smaller holdings fall inside.

Signs point to something similar being a factor behind the recent Bitcoin shark supply increase. Below is another chart shared by the analyst, this one comparing the trend in the supply of the 100,000+ BTC entities against that of the sharks.

The 100,000+ BTC cohort corresponds to the largest of entities on the blockchain, including exchanges, exchange-traded funds (ETFs), and custodial services. From the graph, it’s apparent that the holdings of this group have been declining recently.

Interestingly, the amount distributed by the cohort in this drawdown is 300,000 BTC, which is roughly equal to that accumulated by the sharks (270,000 BTC). “This pattern strongly points to wallet reshuffling, not organic accumulation,” noted CryptoVizArt.₿.

Since the 100,000+ BTC bracket also includes exchanges, reshuffling out of these platforms (that is, withdrawals) can still point toward positive accumulation. It turns out, however, that the nature of the reshuffling is truly likely to be internal, as Coinbase made internal wallet transfers amounting to a massive 640,000 BTC alongside this trend.

Based on the data, the analyst has concluded:

The key takeaway is that >90% of the apparent “shark accumulation” is likely driven by internal reshuffling by large custodial entities, rather than net buying by new 100–1K BTC holders.

BTC Price

At the time of writing, Bitcoin is floating around $87,300, down over 3% in the last seven days.

Ethereum is increasingly struggling to maintain a convincing bullish narrative as market sentiment continues to deteriorate. Price action remains fragile, and a growing number of analysts are openly discussing the possibility that Ethereum is transitioning into a broader bear market phase.

Repeated failures to sustain upside momentum have weakened confidence, while risk appetite across the crypto market continues to fade. As volatility persists and capital rotates defensively, ETH finds itself at the center of a debate between structural weakness in price and resilience beneath the surface.

According to a recent CryptoQuant report, Ethereum’s current state reflects a notable shift in supply behavior across exchanges. The Exchange Supply Ratio (ESR), which tracks the proportion of ETH held on centralized trading platforms, has been steadily declining across all major exchanges.

This trend signals that a smaller share of the circulating supply is readily available for immediate sale, a critical factor when evaluating supply-and-demand dynamics.

Historically, declining exchange balances suggest reduced selling pressure, as investors move assets into self-custody or long-term storage rather than preparing to liquidate. In the current environment, this structural change adds nuance to the bearish narrative.

Exchange Supply Declines Signal Structural Shift

The report highlights a pronounced decline in Ethereum’s Exchange Supply Ratio (ESR), reinforcing the view that supply dynamics are quietly shifting beneath the surface. Across all platforms, the ESR has fallen to approximately 0.137, one of its lowest readings since 2016.

This sustained drop reflects a steady outflow of ETH from exchanges into external wallets, signaling a reduced inclination toward immediate selling and a growing preference for long-term holding. Historically, similar patterns have emerged during re-accumulation phases or in transitional periods that follow extended volatility, often preceding more stable price behavior.

The trend is even more evident on Binance, where the ESR has declined to roughly 0.0325. As the exchange with the deepest liquidity, Binance’s balances serve as a key barometer for short-term supply conditions. The ongoing withdrawal of ETH from its wallets suggests a meaningful reduction in spot-side sellable supply, pointing to increased trader caution rather than aggressive distribution.

At the same time, Ethereum is trading near $2,960, a mid-range level that reflects a temporary equilibrium between buyers and sellers. The combination of falling exchange supply and relatively stable pricing indicates that the market is not under heavy selling pressure.

Instead, it appears to be entering a phase of liquidity absorption and strategic repositioning, where participants reduce exposure to short-term trades while preparing for a potential shift in market structure.

Ethereum Price Struggles Below Key Trend Levels

The daily ETH chart highlights a market that remains structurally fragile despite short-term stabilization. After failing to hold above the $3,200–$3,300 region, Ethereum has continued to print lower highs, confirming a loss of bullish momentum since late October. Price is currently trading around the $2,850–$2,900 area, a zone that has acted as a short-term demand pocket but lacks strong follow-through from buyers.

From a trend perspective, ETH remains below its short- and medium-term moving averages. The 50-day moving average has rolled over and is now acting as dynamic resistance, while the 100-day moving average is also trending lower.

The 200-day moving average sits higher, reinforcing the idea that Ethereum has shifted from a trending market into a corrective or distribution phase. As long as price remains capped below these levels, rallies are likely to be sold into rather than extended.

Volume dynamics reinforce this view. Recent rebounds have occurred on relatively muted volume compared to the heavy selling seen during prior breakdowns, suggesting reactive short covering rather than fresh demand.

Structurally, ETH needs to reclaim and hold above the $3,100–$3,200 range to rebuild a bullish case. Failure to do so keeps the risk tilted toward continued consolidation or a deeper corrective leg toward lower support levels.

Featured image from ChatGPT, chart from TradingView.com

Ethereum is struggling to maintain a convincing bullish narrative as market conditions continue to deteriorate and a growing number of analysts begin to call for a broader bear market. After months of heightened volatility and repeated corrective phases, price action alone has failed to restore confidence, leaving participants increasingly cautious.

This hesitation is now being reflected clearly in on-chain data, reinforcing the idea that the current weakness is not purely technical, but structural.

According to a recent CryptoQuant report, Ethereum’s network activity has dropped to levels that strongly suggest a withdrawal of retail participation. Active sending addresses have fallen toward the 170,000 mark, a threshold historically associated with reduced engagement from smaller investors. In past cycles, retail activity typically expands during bullish phases as new participants enter the market, then contracts sharply once confidence fades and price momentum weakens.

Prolonged volatility and corrective price action have likely eroded Ethereum’s short-term conviction, pushing retail participants either to the sidelines or out of the market entirely. This absence matters. Retail flow often plays a critical role in sustaining momentum during recoveries, and without it, upside moves tend to stall quickly.

On-Chain Signals Point to Exhaustion, Not Capitulation

According to CryptoOnchain’s analysis, Ethereum’s sharply depressed on-chain activity aligns with a classic phase of seller exhaustion rather than active capitulation. In this regime, selling pressure gradually diminishes as participants willing to exit have largely done so, yet fresh demand has not meaningfully returned. The result is a fragile equilibrium where price may stabilize, but upside remains limited in the absence of new buyers.

The lack of retail participation plays a central role in this dynamic. Retail flow typically provides the initial momentum during early rebounds, amplifying price moves once confidence begins to recover. With active sending addresses at one-year lows, that catalyst is currently missing, which helps explain why upside attempts have been shallow and short-lived.

However, this same environment has historically attracted larger, long-term participants. Institutional and high-conviction holders often accumulate during periods of low activity, when liquidity is thin, and sentiment is decisively negative.

Importantly, a credible recovery signal would not emerge from price action alone. CryptoOnchain emphasizes that a sustainable shift would require a gradual rebound in active sending addresses alongside price stabilization.

That combination would point to returning demand and improving network utilization. Conversely, continued stagnation or further declines in address activity would increase the risk of Ethereum entering a deeper consolidation or even a demand-destruction phase.

While current conditions highlight clear short-term weakness and retail disengagement, similar on-chain setups have historically formed near structural bottoms, creating the potential for medium-term trend shifts if activity begins to recover.

Ethereum Price Struggles at Key Structural Support

Ethereum’s price action on the 3-day chart reflects a market caught between structural support and persistent bearish pressure. After failing to hold above the $3,200–$3,300 region, ETH has rolled over and is now consolidating near the $2,850 area, a zone that aligns closely with the 200-day moving average. This level has historically acted as a medium-term inflection point, making it critical for bulls to defend in order to avoid a deeper trend shift.

The recent rejection from the $4,000–$4,800 highs marks a clear lower high within the broader structure, reinforcing the idea that momentum has weakened since late 2025. While price briefly reclaimed the 100-day moving average during the mid-year rebound, it failed to sustain acceptance above it, and ETH has since slipped back below the shorter-term averages. This suggests that rallies are still being sold into rather than accumulated aggressively.

Price action aligns with a market transitioning into consolidation rather than immediate capitulation. If ETH loses the $2,800–$2,750 support zone decisively, downside risk opens toward the $2,400 region, where the long-term trend support converges.

Conversely, any bullish recovery would require ETH to stabilize above the 200-day moving average and reclaim the $3,200 level with expanding volume. Until then, the chart favors a cautious, range-bound outlook with downside risks still present.

Featured image from ChatGPT, chart from TradingView.com

Bitcoin’s (BTC) price action has entered a conflicted phase, with renewed institutional inflows clashing against clear signs of market stress. After peaking above $126,000 earlier this year, the world’s largest crypto has retreated sharply and is now trading more than 30% below its all-time high.

Related Reading: Bipartisan SAFE Crypto Act Unveiled: New Task Force To Combat Digital Asset Scams

While some capital has returned through exchange-traded funds (ETFs), broader market signals suggest that selling pressure and weak participation continue to weigh on sentiment. Consequently, recent weeks have shown that Bitcoin’s recovery attempts remain fragile.

Long-Term Holders Drive Persistent Supply Pressure

A major source of downside pressure has been sustained selling by long-term holders. Data from K33 Research shows that roughly 1.6 million BTC that had been dormant for at least two years has been sold since early 2023. In 2025 alone, more than $300 billion worth of long-held Bitcoin has re-entered circulation.

Analysts note that this type of distribution creates gradual, grinding declines rather than sharp capitulation events. With fewer active buyers in the market, the reactivated supply has proven difficult to absorb.

Blockchain data indicates that the past month marked one of the heaviest long-term holder sell-offs in over five years, reinforcing the idea that structural selling remains unresolved.

ETF Inflows Return, But Demand Remains Uneven

Institutional demand has shown brief signs of recovery. U.S. spot Bitcoin ETFs recorded roughly $457 million in net inflows on December 17, snapping a multi-day outflow streak. Fidelity’s Bitcoin fund accounted for the majority of the inflows, with BlackRock also posting gains.

Despite this rebound, ETF activity has been inconsistent. December inflows remain modest compared with earlier in the year, following nearly $3.5 billion in ETF outflows in November.

Market observers say these inflows, while supportive, have not yet been large or sustained enough to offset ongoing sell-side pressure from long-term holders and cautious retail participation.

Technical Signals and Market Structure Favor Bears

From a technical perspective, Bitcoin continues to flash bearish signals. The price has traded within a broad $82,000–$95,000 range for over a month, forming patterns such as an inverse cup and handle on the daily chart. Bitcoin has also slipped below key moving averages, while momentum indicators suggest sellers remain in control.

Recent liquidation events have reinforced this weakness. Around $152 million in Bitcoin positions were liquidated in a single day, and derivatives open interest has declined since the October market crash tied to macroeconomic shocks and tariff-related concerns.

Related Reading: XRP Ledger Adds Military-Grade Security Via Payments Engine Standard

Bitcoin remains caught between sporadic institutional inflows and persistent structural pressure. Until selling from long-term holders eases and liquidity improves, downside risks are likely to remain part of the market’s near-term outlook.

Cover image from ChatGPT, BTCUSD chart from Tradingview