Dip – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Thu, 11 Sep 2025 15:38:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Dip – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Bitcoin eyes $115K on CPI data as traders diverge on new BTC price dip https://earlybirdsinvest.com/bitcoin-eyes-115k-on-cpi-data-as-traders-diverge-on-new-btc-price-dip/ https://earlybirdsinvest.com/bitcoin-eyes-115k-on-cpi-data-as-traders-diverge-on-new-btc-price-dip/#respond Thu, 11 Sep 2025 15:38:43 +0000 https://earlybirdsinvest.com/bitcoin-eyes-115k-on-cpi-data-as-traders-diverge-on-new-btc-price-dip/

Key points:

  • Bitcoin nears three-week highs as US CPI data matches expectations.

  • Plenty of market participants see Bitcoin heading higher as aresult, perhaps after a dip to trap late longs.

  • CPI has seen BTC price fakeouts in recent months.

Bitcoin (BTC) saw telltale volatility at Thursday’s Wall Street open as US macro data furthered interest-rate cut odds.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

CPI bullseye sees calls for Bitcoin going “higher”

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $114,731.

The August print of the US Consumer Price Index (CPI) came in as expected, complementing a marked cooling of the Producer Price Index (PPI) the day prior.

US CPI 12-month % change. Source: US Bureau of Labor Statistics

While CPI was at its highest since January, the headline figure was instead initial jobless claims, which saw their largest numbers since October 2021 at 263,000 versus 235,000 expected.

Amid ongoing concerns about labor market weakness, bets of the Fed cutting rates at its Sept. 17 meeting only strengthened after the CPI release, with markets even seeing an 11% chance of the cut being more than the minimum 0.25%.

“Markets are now pricing-in 75 basis points of rate cuts by year-end,” trading resource The Kobeissi Letter noted in a follow-up thread on X. 

“While CPI inflation continues to rise, the labor market is simply too weak to ignore. Next week will be a big week.”

Fed target rate probabilities (screenshot). Source: CME Group FedWatch Tool

Crypto commentators saw the case for higher prices next as Bitcoin passed $114,500 for the first time since Aug. 24.

“PPI much lower than expected, CPI as expected,” popular trader Jelle responded in an X post. 

“Conclusion: Inflation not as bad as expected – bring on the rate cut later this month. News now behind us, time to resume the scheduled programme: higher.”

BTC price risks repeating US inflation data trap

BTC price forecasts also stressed the importance of recent support reclaims.

Related: Bitcoin price can hit $160K in October as MACD golden cross returns

For fellow trader BitBull, flipping $113,500 from resistance to support was the key low-time frame event, which opened the door to a rematch with all-time highs.

Some perspectives nonetheless saw a fresh support retest coming before a return to price discovery.

Trader Skew argued that the market would attempt to trap and liquidate longs that entered on the CPI release.

“One more liquidation before higher,” part of an X post suggested, noting 2,000 BTC of liquidity appearing on exchange order books.

BTC/USDT order-book liquidity data. Source: Skew/X

Crypto investor and entrepreneur Ted Pillows went further, suggesting that BTC/USD would copy previous CPI behavior to first rise then plumb fresh lows.

“In the last 3 CPI data releases, Bitcoin rallied before CPI data and dumped right after the data release,” he observed alongside an explanatory chart. 

“This time, BTC has rallied before today’s CPI data release, which means a dump could happen.”

BTC/USDC one-day chart. Source: Ted Pillows/X

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

]]> https://earlybirdsinvest.com/bitcoin-eyes-115k-on-cpi-data-as-traders-diverge-on-new-btc-price-dip/feed/ 0 57917 Metaplanet buys dip – secures a large Bitcoin position as the price remains below $112,000 https://earlybirdsinvest.com/metaplanet-buys-dip-secures-a-large-bitcoin-position-as-the-price-remains-below-112000/ https://earlybirdsinvest.com/metaplanet-buys-dip-secures-a-large-bitcoin-position-as-the-price-remains-below-112000/#respond Mon, 08 Sep 2025 12:45:23 +0000 https://earlybirdsinvest.com/metaplanet-buys-dip-secures-a-large-bitcoin-position-as-the-price-remains-below-112000/

Japan’s publicly-published metaplanet acquired an additional 136 Bitcoin of about $15.2 million (¥225.1 billion), bringing total holdings to 20,136 BTC, according to a filing on the Tokyo Stock Exchange on Monday.

The latest purchase, made at an average price of 111,666 (¥16.55 million) per Bitcoin, demonstrates the company’s aggressive accumulation strategy as it competes for an ambitious target of 100,000 BTC by 2026. Metaplanet invested a total of $20800 billion (304.56 bits) at the average price of Bitcoin. 1 million) per coin. Due to the company’s rapid accumulation, it positions it as the sixth largest public enterprise holder of Bitcoin worldwide.

The company dramatically expanded its Bitcoin acquisition target, which was planned to be at just 10,000 BTC and 21,000 BTC by 2025. Currently, we aim to reach 30,000 BTC by 2025 and 100,000 BTC by 2026, reflecting the increased financial trust as Bitcoin.

Metaplanet’s accumulation strategy has been successful, with the company achieving a “BTC yield” of 487% per year in 2025. This metric shows the company’s ability to measure changes in the percentage of Bitcoin holdings compared to fully diluted stocks, and to expand its Bitcoin position while managing shareholder dilutions.

The trend in adopting Bitcoin by companies accelerated dramatically in 2025, with over 200 public companies currently holding Bitcoin at the Ministry of Finance. Collectively, these companies manage over 1 million BTC, accounting for more than 4.5% of Bitcoin’s distribution supply.

Bitcoin finance companies are a major force in the market. Their continued accumulation provides a strong purchasing base for assets, and if sales pressures decrease, it can lead to significant price increases.

To support its ambitious acquisition plan, Metaplanet recently secured shareholder approval for its $884 million capital raise initiative. The company actively manages its capital structure through July and August 2025 through a combination of stock issuance and bond redemption, including multiple tranches of stock acquisition rights practice.

The emergence of Bitcoin finance companies as a major market force represents a major change in corporate finance strategies. Recent entrants include American Bitcoin Corp., which opened on Nasdaq this week, and Strategy Inc., which added 4,048 BTC worth $449.3 million to its holdings last week.

The institutional adoption of Bitcoin as a financial asset is accelerating faster than many expected. “Companies view Bitcoin as a strategic hedge against currency devaluation and financial uncertainty.

With Bitcoin prices continuing to fall below $112,000, it appears that corporate finance managers are taking advantage of the relative price stability to build positions. Competition for a limited supply of Bitcoin continues to be strengthened as Metaplanet and other companies maintain an aggressive accumulation strategy.

]]> https://earlybirdsinvest.com/metaplanet-buys-dip-secures-a-large-bitcoin-position-as-the-price-remains-below-112000/feed/ 0 57383 BTC dip predictions fall below $90K: 5 things to know in Bitcoin this week https://earlybirdsinvest.com/btc-dip-predictions-fall-below-90k-5-things-to-know-in-bitcoin-this-week/ https://earlybirdsinvest.com/btc-dip-predictions-fall-below-90k-5-things-to-know-in-bitcoin-this-week/#respond Mon, 08 Sep 2025 09:48:05 +0000 https://earlybirdsinvest.com/btc-dip-predictions-fall-below-90k-5-things-to-know-in-bitcoin-this-week/

Bitcoin (BTC) starts the second week of September facing crucial resistance as traders maintain downside targets.

  • Bitcoin price action coils below $112,000 over the weekend, but fears of a 10% correction or worse are mounting.

  • CPI week is here again, and markets are wondering how large next week’s Federal Reserve interest-rate cut will be.

  • Data is starting to hint that the institutional “rotation” from BTC to Ether exchange-traded products is over.

  • Bitcoin whales bring back the 2022 bear market with mass selling over the past month.

  • Binance is in the spotlight over a potential BTC price top warning from market takers. 

BTC price worries include sub-$100,000

Bitcoin managed to avoid volatility around its latest weekly close, data from Cointelegraph Markets Pro and TradingView shows.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

$112,000 remains a key target among traders hoping for a resistance/support flip.

Analyzing exchange order-book liquidity, popular trader CrypNuevo flagged $106,700 as an important level to the downside.

“If the previous range lows continue to be resistance, price will attempt to hit the liquidation at $106.7k,” he wrote in part of a thread on X Sunday.

BTC/USDT one-day chart. Source: CrypNuevo/X

As Cointelegraph reported, attention is now focused on how low BTC/USD could drop in a potential capitulation event.

$100,000 is a favorite line in the sand, with Fibonacci retracement levels now confluent with a retest of that level as a “worst case scenario.”

Telegram analytics channel Coin Signals, meanwhile, contributed another, more concerning bottom target of 30% versus Bitcoin’s latest all-time highs.

“Based on cycle’s default correction % and time taken to hit lows from a local top, BTC could see a -30% correction from local top $124k, Bottoming in the last week of SEP or first week of OCT,” part of an X post stated.

Such a scenario would put BTC/USD at around $87,000.

BTC/USDT one-week chart. Source: Coin Signals/X

CPI week comes with Fed behind the curve

Some classic US economic data prints are due this week — at a time when markets are already convinced about what lies ahead.

The Producer Price Index (PPI) and Consumer Price Index (CPI) will be released on Wednesday and Thursday, respectively. 

Inflation is on the rise, while signs of labor-market weakness are increasing — a headache for the Federal Reserve, but one that markets believe they already know the response to.

Data from CME Group’s FedWatch Tool shows that the odds of the Fed cutting interest rates at its September meeting next week are fully priced in. There is even a fledgling chance of the cut being larger than the minimum 0.25%.

Fed target rate probabilities for September FOMC meeting (screenshot). Source: CME Group

This comes amid growing criticism of Fed policy, which has kept rates steady throughout 2025 while other central banks cut.

“The European Central Bank and the Bank of England have cuts rates 4 and 3 times this year, respectively. The Bank of Canada has cut rates 2 times, as has the Swiss National Bank, which became the first major central bank to bring rates back to 0%,” trading resource The Kobeissi Letter noted on X Monday. 

“Meanwhile, the Federal Reserve remains on hold with 0 rate cuts in 2025. US monetary policy is in its own world.”

Global central bank interest-rate cuts data. Source: The Kobeissi Letter/X

Recession fears are also swirling, with Kobeissi reporting on a dip in construction spending — something it describes as a “key recession signal.”

“While seasonal trends point to weakness ahead, the longer-term path for the S&P 500 will come down to the economy once the Fed starts cutting rates again,” trading firm Mosaic Asset Company continued in the latest edition of its regular updates series, “The Market Mosaic.”

Mosaic explained that the US needs to avoid recession to fuel stocks, which, together with gold, are currently gaining while Bitcoin lags behind.

“Over the long run, stock prices ultimately follow earnings which is why the economic outlook is critical,” it stressed.

Institutions “re-rotating” into Bitcoin

Buzz around an institutional capital “rotation” from Bitcoin into the largest altcoin Ether (ETH) already appears to be cooling.

Last week, inflows to BTC-denominated exchange-traded products (ETPs) ended in positive territory, sharply contrasting with ETH equivalents.

Figures uploaded to X Monday by Andre Dragosch, European head of research at crypto asset manager Bitwise, show Bitcoin ETPs added $444 million in the five days through Sept. 5.

In the same period, Ether ETPs saw net outflows of over $900 million.

“Interesting to see a renewed ‘re-rotation’ from $ETH back to $BTC in terms of global ETP flows last week,” Dragosch commented.

Crypto ETP flows. Source: Andre Dragosch/X

Meanwhile, the US spot Bitcoin exchange-traded funds (ETFs) ended the four-day trading week up around $250 million. 

Data from UK investment firm Farside Investors captured four straight days of net outflows for spot Ether ETFs, totaling more than $750 million.

US spot Ether ETF netflows (screenshot). Source: Farside Investors

Bitcoin bear whales are back

When it comes to the largest Bitcoin investors, the trend is giving onchain analytics platform CryptoQuant cause for concern.

Whales are reducing their BTC exposure, and recent market distribution rivals the last bear market in 2022.

“In the last thirty days, whale reserves have fallen by more than 100,000 BTC, signaling intense risk aversion among large investors,” contributor Caue Oliveira wrote in one of CryptoQuant’s “Quicktake” blog posts.

The 30-day whale balance drawdown through the end of last week was the largest since mid-2022. At the time, BTC/USD was around halfway through its most recent bear market, which bottomed out in November that year at $15,600.

“At this time, we are still seeing these reductions in the portfolios of major players, which may continue to pressure Bitcoin in the coming weeks,” Oliveira added.

Bitcoin whale balance data. Source: CryptoQuant

As Cointelegraph reported, shifts in whale behavior have had a noticeable impact on short-term price action as large chunks of liquidity come and go from exchange order books.

Taker Buy/Sell Ratio raises alarm

The Bitcoin futures market on the largest global exchange, Binance, is under scrutiny as liquidity tails off across perp markets.

Related: Bitcoin may sink ‘below $50K’ in bear, Justin Sun’s WLFI saga: Hodler’s Digest, Aug. 31 – Sept. 6

New research from CryptoQuant this week flags a classic signal corresponding to bull market corrections.

The Taker Buy/Sell Ratio, which is the ratio of buy volume divided by taker sell volume, is currently making lower lows while the price itself expands.

“Bullish divergence of the Taker Buy/Sell Ratio has repeatedly occurred during the price bottom or sideways consolidation phases of this Bitcoin bull cycle, which has been ongoing since 2023,” contributor Mignolet summarized in another “Quicktake” post.

Mignolet notes that such behavior was characteristic of the market peak during the 2021 bull run. Volume this time, however, is different thanks to the presence of institutional activity.

The situation could still become precarious if the trend continues.

“To be blunt, all liquidity is weakening,” the post concludes. 

“If this liquidity recovers, the market likely isn’t over yet. However, if liquidity doesn’t recover despite numerous positive catalysts, the situation could become serious.”

Binance Bitcoin Taker Buy/Sell Ratio (screenshot). Source: CryptoQuant

Binance Bitcoin futures have traded since 2019, and since then have seen “colossal” volumes of over $700 trillion.

“This staggering number surpasses the estimated value of the global real estate market and is five times larger than the combined capitalization of global equities or bonds,” CryptoQuant contributor Darkfost noted Sunday.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

]]> https://earlybirdsinvest.com/btc-dip-predictions-fall-below-90k-5-things-to-know-in-bitcoin-this-week/feed/ 0 57372 Bitcoin taps $111.3K as forecast says 10% dip ‘worst case scenario’ https://earlybirdsinvest.com/bitcoin-taps-111-3k-as-forecast-says-10-dip-worst-case-scenario/ https://earlybirdsinvest.com/bitcoin-taps-111-3k-as-forecast-says-10-dip-worst-case-scenario/#respond Sun, 07 Sep 2025 12:59:36 +0000 https://earlybirdsinvest.com/bitcoin-taps-111-3k-as-forecast-says-10-dip-worst-case-scenario/

Key points:

  • Bitcoin sees a modest rebound into the weekly candle close, but traders see key resistance overhead.

  • BTC price action risks a much deeper drop if bulls fail to reclaim that resistance zone.

  • Fibonacci analysis hints that such a drop may not pass more than 10%.

Bitcoin (BTC) returned above $111,000 into Sunday’s weekly close as analysis saw “promising” recovery signs.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

BTC price “logical” bounce zone near $100,000

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining around 1% on the day to hit local highs of $111,369.

The pair’s latest dip, which followed US macroeconomic data, saw bulls preserve $110,000 support.

“This is actually promising on $BTC,” crypto trader, analyst and entrepreneur Michaël van de Poppe responded on X.

“It makes a new higher low and holds the support at $110K. Would be great if we crack $112K and fire up the bull run.”

BTC/USDT one-day chart with RSI data. Source: Michaël van de Poppe/X

Market participants continued to hold diverging views over short-term BTC price action. Popular trader Cipher X suggested that $112,000 could spark new lows should bulls fail to reclaim it next.

“We either flip $113,000 and pump to new highs, or if we reject here we drop to $100,000,” fellow trader Crypto Tony added on the day, adopting a more categorical perspective based on the weekly chart.

Trader TurboBullCapital referenced the 50-day and 200-day simple moving averages (SMAs) at $115,035 and $101,760, respectively, as important levels to watch going forward.

“Lose the $107k area & the downside target becomes the $101k level which also happens to coincide with the MA200,” part of an X post concluded. 

“This is a logical area to expect a bounce.”

BTC/USD one-day chart with 50, 200SMA. Source: Cointelegraph/TradingView

Bitcoin’s “worst case scenario” coincides with $100,000

As Cointelegraph reported, one theory on longer timeframes involves market makers on exchange order books.

Related: Bitcoin bear market due in October with $50K bottom target: Analysis

Short sellers and bears, it suggests, could be the victims of manipulation prior to a giant short squeeze event taking the market to new all-time highs. This would echo price action in late 2024.

In the meantime, Fibonacci retracement levels imply a maximum drop of 10%, again based on historical behavior since the end of last year.

“$BTC usually bottoms at 0.382 Fibonacci level. This happened in Q3 2024, Q2 2025 and will probably happen again,” popular trader ZYN observed.

“For anyone wondering how low we can go, 0.382 Fibonacci level is currently around $100K. So the worst case scenario is a 10% drop before a 50% rally above $150,000.”

BTC/USDT one-week chart. Source: ZYN/X

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

]]> https://earlybirdsinvest.com/bitcoin-taps-111-3k-as-forecast-says-10-dip-worst-case-scenario/feed/ 0 57229 Billionaire Stanley Druckenmiller Just Bought the Dip on This Beaten-Down GLP-1 Stock (Hint: It's Not Eli Lilly or Novo Nordisk) https://earlybirdsinvest.com/billionaire-stanley-druckenmiller-just-bought-the-dip-on-this-beaten-down-glp-1-stock-hint-its-not-eli-lilly-or-novo-nordisk/ https://earlybirdsinvest.com/billionaire-stanley-druckenmiller-just-bought-the-dip-on-this-beaten-down-glp-1-stock-hint-its-not-eli-lilly-or-novo-nordisk/#respond Wed, 27 Aug 2025 14:27:18 +0000 https://earlybirdsinvest.com/billionaire-stanley-druckenmiller-just-bought-the-dip-on-this-beaten-down-glp-1-stock-hint-its-not-eli-lilly-or-novo-nordisk/ Druckenmiller’s Duquesne Family Office just scooped up a popular weight-loss stock.

This year has offered no shortage of market-moving headlines shaping investor sentiment. Mixed job reports, new tariffs fueling turbulence in U.S. trade policy, and ongoing uncertainty around Federal Reserve decisions have all contributed to a difficult backdrop for identifying compelling investment opportunities.

Fortunately, quarterly disclosures from Wall Street’s most seasoned investors provide a window into where the “smart money” is moving. Every quarter, investment firms managing over $100 million are required to file a Form 13F with the Securities and Exchange Commission (SEC). This documentation itemizes which stocks firms bought and sold during the most recent quarter — offering valuable insight into institutional positioning.

One of the more interesting moves that came this quarter was from the Duquesne Family Office, led by billionaire investor Stanley Druckenmiller. According to the firm’s second-quarter 13F, Druckenmiller initiated a new position in Viking Therapeutics (VKTX 4.53%) — a pharmaceutical stock that has plummeted by 35% so far in 2025.

Let’s unpack what may have compelled Druckenmiller to buy the dip in Viking and assess if now is a good time for investors to follow his lead.

Viking could be an asymmetric bet

An asymmetric investment opportunity occurs when the potential upside far outweighs the potential downside. Venture capital offers a textbook example: Most early-stage companies fail, but a single unicorn can generate enough returns to offset losses across the entire fund.

Viking can be viewed through this same lens. The company is advancing a pipeline of obesity and weight-management medications. At the moment, this pocket of the healthcare realm is dominated by a duopoly — Eli Lilly and Novo Nordisk, the makers of blockbuster GLP-1 treatments Mounjaro, Zepbound, Ozempic, and Wegovy.

While Viking remains in the clinical-trial stage, the U.S. Food and Drug Administration (FDA) approval of even one of its candidates could unlock explosive upside, positioning the company as a disruptive entrant in a lucrative healthcare market.

A person standing on a scale while holding a pen-like device.

Image source: Getty Images.

He may be hedging his existing exposure in this space

Another reason Druckenmiller may have his eyes on Viking is due to some existing exposure to the weight-loss market. According to filings, the Duquesne Family Office already owns Lilly stock, having bought shares for three consecutive quarters.

According to research from Goldman Sachs, the global total addressable market (TAM) for obesity-care medications could reach $120 billion by next decade. Given the size of the market and the dynamics of its fragmented competition, it’s possible that Druckenmiller is merely hedging the existing position in Lilly with one that could become a multibagger should Viking successfully advance its weight-loss drug candidates.

Viking is a speculative takeover candidate

Although Viking has yet to formally break into the weight-management space, its clinical trial data over the past year has shown some encouraging signs.

Still, a key concern for investors is whether the company has the financial resources to manufacture at scale should the company secure FDA approval. On one hand, Viking’s science has demonstrated some promise, but on the other hand, its size raises legitimate questions about its capacity to handle commercialization.

With Lilly and Novo already competing fiercely, and other big pharma heavyweights actively seeking entry into the weight-loss industry, Viking’s pipeline positions it as a compelling acquisition candidate should its therapies progress beyond proof-of-concept.

Is Viking Therapeutics stock a buy?

Whether viewed as a hedge, an acquisition play, or a high-risk/high-reward bet on clinical success, Druckenmiller’s decision to buy Viking stock signals two things: a willingness to embrace uncertainty, as well as a conviction that the obesity-care market is expansive enough to support more than just two incumbents.

For prospective investors, the decision to buy Viking Therapeutics stock ultimately comes down to your personal risk tolerance. For now, Viking’s entire valuation rests on speculation and the hope that its pipeline breaks into a rapidly growing, billion-dollar industry with limited competition.

The trade-offs here should not be overlooked: Viking could emerge as the next breakthrough in weight management, or, just as easily, it could suffer setbacks that consign it to a long list of biotech companies with unrealized potential.

Adam Spatacco has positions in Eli Lilly and Novo Nordisk. The Motley Fool has positions in and recommends Goldman Sachs Group. The Motley Fool recommends Novo Nordisk and Viking Therapeutics. The Motley Fool has a disclosure policy.

]]> https://earlybirdsinvest.com/billionaire-stanley-druckenmiller-just-bought-the-dip-on-this-beaten-down-glp-1-stock-hint-its-not-eli-lilly-or-novo-nordisk/feed/ 0 55385 US Bitcoin and Ethereum ETFs face $1 billion outflow amid market dip https://earlybirdsinvest.com/us-bitcoin-and-ethereum-etfs-face-1-billion-outflow-amid-market-dip/ https://earlybirdsinvest.com/us-bitcoin-and-ethereum-etfs-face-1-billion-outflow-amid-market-dip/#respond Wed, 20 Aug 2025 11:13:51 +0000 https://earlybirdsinvest.com/us-bitcoin-and-ethereum-etfs-face-1-billion-outflow-amid-market-dip/

Spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the United States recorded nearly $1 billion in combined outflows on Aug. 19, extending a current streak of investor withdrawals.

These heavy outflows can be linked to the recent price corrections in the crypto market.

According to CryptoSlate’s data, Bitcoin price retraced from recent highs to as low as $112,000 during the last 24 hours, which is its lowest level since early August.

Notably, Ethereum followed a similar path, dropping over 8% in the past week to trade at roughly $4,200 at the time of reporting.

Bitcoin and Ethereum ETF outflows

According to SoSoValue data, Bitcoin ETFs bore the brunt of the redemptions, losing $523 million in a single day.

Fidelity’s FBTC led the retreat with $246.9 million in outflows, while Grayscale’s GBTC shed $115.53 million.

Additional outflows came from Bitwise’s BITB, which saw a $87 million outflow, while Ark 21Shares’s ARKB fund recorded a $64 billion capital exit. Franklin Templeton’s EZET saw the least outflow on the day, with around $3 million leaving the fund.

Meanwhile, other Bitcoin ETF products like BlackRock’s IBIT and VanEck’s HODL held steady without registering inflows or outflows.

On the other hand, Ethereum ETFs saw similar pressure on the day, recording $422.3 million in redemptions. This marked the second-largest single-day withdrawal since spot Ether funds debuted earlier this year.

Fidelity’s FETH lost $156.32 million, followed by Grayscale’s two Ethereum products shedding more than $200 million. Bitwise’s ETHW also recorded significant outflows of over $39 million.

Other ETH financial instruments like BlackRock’s ETHA, VanEck’s ETHV, and 21Shares CETH funds lost $15 million.

Despite these significant reductions in their assets, the US-based crypto ETFs’ assets under management remain at record levels.

According to SoSo Value data, Bitcoin ETFs collectively manage $14.6 billion, while Ethereum ETFs maintain approximately $2.6 billion.

Crypto ETFs’ enthusiasm persists

Despite the significant redemptions in the BTC and ETH funds, attention is shifting toward the next wave of spot crypto ETFs.

Nate Geraci, president of NovaDius Wealth, argued that approvals for additional products are close, saying the “floodgates” could open within two months as a clearer regulatory framework takes shape.

He also pointed to possible authorization for staking within spot Ethereum ETFs, calling the remainder of the year “potentially wild” for the sector.

Notably, the SEC is currently reviewing applications for ETFs tied to XRP, Solana, Litecoin, and other prominent tokens.

Bloomberg ETF Analysts James Seyffart and Eric Balchunas have projected a high likelihood of over 90% of these products being approved, citing the agency’s current pro-crypto leadership.

Mentioned in this article
]]> https://earlybirdsinvest.com/us-bitcoin-and-ethereum-etfs-face-1-billion-outflow-amid-market-dip/feed/ 0 54174 Ripple’s $606 Million XRP Transfer Sparks Hopes, Shiba Inu (SHIB) Price Can Add Zero, Don’t Buy Ethereum Dip, Says Top Trader — Crypto Market News https://earlybirdsinvest.com/ripples-606-million-xrp-transfer-sparks-hopes-shiba-inu-shib-price-can-add-zero-dont-buy-ethereum-dip-says-top-trader-crypto-market-news/ https://earlybirdsinvest.com/ripples-606-million-xrp-transfer-sparks-hopes-shiba-inu-shib-price-can-add-zero-dont-buy-ethereum-dip-says-top-trader-crypto-market-news/#respond Tue, 19 Aug 2025 18:33:35 +0000 https://earlybirdsinvest.com/ripples-606-million-xrp-transfer-sparks-hopes-shiba-inu-shib-price-can-add-zero-dont-buy-ethereum-dip-says-top-trader-crypto-market-news/

Ripple’s $606M XRP transfer raises eyebrows

XRP shows signs of recovery as Ripple makes the big move.

  • The big move. Ripple shifted 200M XRP on Aug. 18 to an unknown wallet.

San Francisco-based blockchain company Ripple has stirred speculations with a mysterious transfer involving millions of XRP. On August 18, on-chain tracking platform Whale Alert spotted a major transfer from Ripple involving 200,000,000 XRP. According to the data provider, Ripple had moved a mega amount of XRP to an unknown address. The transfer was worth over $606 million per XRP’s price at the time the transfer was executed. 

  • Market context. Transfer happened during a market-wide downturn.

The massive XRP transfer from Ripple has sparked reactions across the community as the destination of the transferred assets remained anonymous. While market watchers have been closely monitoring on-chain moves like this, they have expressed curiosity as to whether the move could be the firm preparing for institutional deals or probably redistributing its reserves.

  • Bullish view. Could signal private accumulation or strategic positioning for XRP adoption.

With the move coming amid a broad crypto market bloodbath, investors fear that the move might be Ripple preparing to dump its holdings ahead of deeper price declines. Following the anonymous nature of Ripple’s giant move on XRP today, the lack of clarity on the destination of the transfer has fueled discussions about whether it could be tied to upcoming private accumulation which may be bullish for XRP’s potential price.

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Shiba Inu price struggles at thin support

Shiba Inu coin holders better buckle up as SHIB price is on verge of adding zero.

  • Key support level. $0.0000120 — repeatedly tested, now at risk of breaking.

SHIB is trading at $0.0000126 right now. The only thing holding it back from dropping into new territory is thin support at $0.0000120. SHIB price has been moving in tight waves this summer: a brief 8.9% gain in July, followed by a drop in August. 

Its support line has been tested several times on the daily chart, with each rebound losing strength. If it breaks, the token will reach areas last visited in Q1, when sentiment was far weaker.

  • Bigger picture. 2025 marked by persistent monthly losses.

The weekly candles show the difficulty of this year. After the surge in 2024, SHIB failed to keep up. The year started with losses of 10.9% in January, followed by 26.1% in February, and red in March and June. Despite sporadic recoveries, the coin has been dropping for months.

For SHIB, the next few weeks are going to be important. The community needs to find enough buying power to hold steady above support and set up for a late-year push. They did it last November with a 49% rally, after all. If not, the charts are set to lock in the new reality of another zero. 

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Ethereum (ETH) price dip warning

Chris Weston, head of research at Australian trading firm Pepperstone, believes that traders should wait for ETH to regain its momentum.

  • Key view. Traders should avoid rushing into dip-buying ETH.

Chris Weston, head of research at Australian trading firm Pepperstone, argues that traders should not rush to buy the Ethereum (ETH) dip. “As we see on the daily [chart], the time for patience on new longs is needed…” Weston said. Momentum buying instead of dip buying The trader has predicted that the price of the flagship altcoin could potentially drop back to the $4,100 level, which is the previous “breakout level.” 

  • Market context. ETH fell to $4,233 intraday low.

Weston has opined that it would be more prudent to wait until the dip is bought by others and ETH regains its momentum. Earlier, the price of the leading alternative cryptocurrency plunged to an intraday low of $4,233, which is the lowest level since Aug. 12. That said, the cryptocurrency is still up by nearly 15% this August after surging by as much as 49% in July. 

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]]> https://earlybirdsinvest.com/ripples-606-million-xrp-transfer-sparks-hopes-shiba-inu-shib-price-can-add-zero-dont-buy-ethereum-dip-says-top-trader-crypto-market-news/feed/ 0 54044 Bhutan trims $92 million in government Bitcoin amid market dip https://earlybirdsinvest.com/bhutan-trims-92-million-in-government-bitcoin-amid-market-dip/ https://earlybirdsinvest.com/bhutan-trims-92-million-in-government-bitcoin-amid-market-dip/#respond Mon, 18 Aug 2025 15:37:28 +0000 https://earlybirdsinvest.com/bhutan-trims-92-million-in-government-bitcoin-amid-market-dip/

The Royal Government of Bhutan has cut its Bitcoin exposure by selling more than $92 million of the top digital asset during the recent market downturn.

On Aug. 18, blockchain analysis platform Onchain Lens reported that Bhutan moved 799.69 BTC, valued at approximately $92.06 million, into two new wallets. According to the firm, these transfers would likely be sent to a centralized exchange (CEX), potentially Binance, ahead of the sale.

The timing aligns with the recent volatility in the crypto market. Bitcoin briefly surged to a new all-time high (ATH) of $124,167 on Aug. 14, according to CryptoSlate price data. Since then, the asset has retraced more than 7% to around $115,165 at the time of writing.

Despite the recent sales, Bhutan retains a substantial crypto portfolio. Bitcoin Treasuries data ranks the country as the fifth-largest national Bitcoin holder, surpassing El Salvador.

Arkham Intelligence data shows that Bhutan still holds roughly 9,969 BTC, valued at about $1.15 billion. In addition, the nation maintains around 656 ETH, worth approximately $2.81 million at current prices.

]]> https://earlybirdsinvest.com/bhutan-trims-92-million-in-government-bitcoin-amid-market-dip/feed/ 0 53833 Dogwifhat ($WIF) Faces 3.6% Dip but Whale Inflows, and Validator Launch Hint at $2 Breakout https://earlybirdsinvest.com/dogwifhat-wif-faces-3-6-dip-but-whale-inflows-and-validator-launch-hint-at-2-breakout/ https://earlybirdsinvest.com/dogwifhat-wif-faces-3-6-dip-but-whale-inflows-and-validator-launch-hint-at-2-breakout/#respond Fri, 15 Aug 2025 18:37:41 +0000 https://earlybirdsinvest.com/dogwifhat-wif-faces-3-6-dip-but-whale-inflows-and-validator-launch-hint-at-2-breakout/

Author

Jimmy Aki

Author

Jimmy Aki

About Author

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, and Blockonomi, covering news…

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Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

$WIF

A clean neckline break has flipped the script on $WIF. On August 15, the memecoin completed a textbook head-and-shoulders pattern, breaking below $0.94 and setting sights on $0.65, a bearish shift that threatens to erase weeks of bullish momentum.

While whale inflows and new validator developments fueled earlier momentum, the asset’s price movement now reflects growing selling pressure and fading bullish strength. Without a strong recovery above resistance, $WIF may remain under pressure as sentiment shifts defensively across the meme token landscape.

Beyond the Beanie: Why WIF’s Whale Accumulation and New Utility Could Indicate a Bullish Rebound

The original pink knitted hat worn by Achi, the Shiba Inu mascot of $WIF, sold for 6.8 BTC (approximately $800,000) on the Bitcoin Ordinals marketplace, Ord City. Bags founder Finn placed the winning bid, pledging to “return it to the community.”

While $WIF cooled off, Solana’s memecoin spotlight shifted to rivals like $BONK and newcomers such as Pepeto. The shift in attention shows how rapidly narratives evolve in the meme sector, making sustained relevance a constant challenge.

Despite the recent price drop, on-chain data presents a compelling narrative of growing fundamental support for $WIF.

In July, whales actively accumulated the token, adding a substantial $39 million worth of $WIF to their holdings. This accumulation is particularly noteworthy given that the top 100 addresses control over 771 million tokens. $WIF now leads in whale inflows.

A 2% decrease in exchange balances over the past 30 days further reinforces the idea that large holders are moving tokens off exchanges for long-term storage, a traditionally bullish sign that reduces immediate selling pressure.

This whale behavior, combined with the fact that $WIF’s holder count has now surpassed 250,000, highlights growing community adoption.

While $WIF’s value is deeply rooted in its meme status, the project is taking steps to add a layer of utility.

In a major move, DeFi Development Corp announced the launch of the Official DogWifValidator—DFDV Powered validator, allowing holders to earn a share of validator-generated revenue (after operational costs). This marks a shift toward utility for the meme coin, leveraging Solana’s proof-of-stake mechanics.

Through all the price swings, $WIF has maintained strong visibility and trading support. The token enjoys listings on major centralized exchanges like Bybit, OKX, and HTX.

This multi-platform presence not only supports healthy trading volume but also helps stabilize market behavior during volatility. Analysts suggest a consolidation for a bullish breakout to $2.

$WIF Faces Breakdown Risk After Topping Formation and Sustained Selling Pressure

$WIF’s recent trend has shifted from bullish to potentially bearish, with a textbook head-and-shoulders pattern forming on the 4-hour chart.

This pattern has a peak (formed in the shape of a “head”) joined by two lower peaks, otherwise known as the “shoulders.” A neckline connects the troughs between the peaks. A break below this neckline confirms the reversal.

As observed in the chart, $WIF’s trend reversal is further validated by a clean neckline break around $0.94, setting the stage for a projected move toward the $0.65–$0.66 area. Price has now retested the underside of that neckline but has failed to reclaim it convincingly.

The volume chart also displays aggressive sell deltas, especially during the breakdown and the subsequent attempt to bounce.

Cumulative delta remains negative, with multiple 4-hour candles printing high sell imbalances, particularly at market lows, a sign that bears remain active and are absorbing bullish attempts.

In addition, the RSI hovers just above 40, avoiding oversold extremes but suggesting waning bullish momentum. The MACD histogram continues to decline below the baseline with a flattening signal line crossover, further reflecting a loss of upward momentum.

With the 20-period SMA now trending below the 100-period SMA, the short-term bias has turned bearish. Price also remains trapped below both moving averages, adding weight to the downside case.

For bulls to invalidate this breakdown, WIF would need to reclaim the $0.94–$0.96 range with strong volume and positive delta shifts. Until then, downside continuation remains the likely path.

If the projected target of the head and shoulders formation plays out, the next key levels of interest lie around $0.80 for interim support, and eventually $0.65 as the measured move completes. Traders should monitor volume reactions at each support test to gauge potential absorption or capitulation.

The tone of trade has turned defensive, and unless bulls step in with conviction, WIF may continue retracing deeper.


]]> https://earlybirdsinvest.com/dogwifhat-wif-faces-3-6-dip-but-whale-inflows-and-validator-launch-hint-at-2-breakout/feed/ 0 53368 Coinbase Stock Accelerates Dip As Crypto Exchange Announces $2,000,000,000 Debt Offering https://earlybirdsinvest.com/coinbase-stock-accelerates-dip-as-crypto-exchange-announces-2000000000-debt-offering/ https://earlybirdsinvest.com/coinbase-stock-accelerates-dip-as-crypto-exchange-announces-2000000000-debt-offering/#respond Tue, 05 Aug 2025 23:46:11 +0000 https://earlybirdsinvest.com/coinbase-stock-accelerates-dip-as-crypto-exchange-announces-2000000000-debt-offering/

The leading US-based crypto exchange by trading volume is experiencing a drop in stock value while it announces a $2 billion debt offering.

Today, Coinbase Global (COIN) announced plans to offer $2 billion in convertible senior notes through a private placement to qualified institutional buyers.

The offering, which is subject to market conditions, includes $1 billion in notes due by 2029 and another $1 billion due by 2032. Coinbase says it may also grant initial purchasers options to buy up to an additional $150 million of each series within 13 days of issuance.

Coinbase says the notes will be senior, unsecured obligations and will accrue interest that can be paid out semiannually.

The notes will be convertible into cash, shares of Coinbase’s Class A common stock, or a combination of the two funding options, at the company’s discretion. Terms such as interest rate and conversion rate are to be determined at pricing.

Coinbase also plans to enter into capped call transactions to mitigate potential dilution and offset excess cash payments upon conversion.

Proceeds from the offering are expected to support general corporate purposes, including capital expenditures and potential acquisitions.

Following the announcement, COIN has tumbled 4.9%, currently trading for $302.56, about 30% down from its all-time high.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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