Faces – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Thu, 11 Sep 2025 19:49:49 +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 Faces – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Bitcoin faces critical test at $114k as low liquidity threatens further upside action https://earlybirdsinvest.com/bitcoin-faces-critical-test-at-114k-as-low-liquidity-threatens-further-upside-action/ https://earlybirdsinvest.com/bitcoin-faces-critical-test-at-114k-as-low-liquidity-threatens-further-upside-action/#respond Thu, 11 Sep 2025 19:49:49 +0000 https://earlybirdsinvest.com/bitcoin-faces-critical-test-at-114k-as-low-liquidity-threatens-further-upside-action/

Bitcoin (BTC) must hold the $114,000 level to attract investors’ confidence and new liquidity to breach the narrow $110,000-$116,000 range.

According to a Sept. 11 report by Glassnode, BTC has been stuck in the “air gap” range following its mid-August peak. The trading range threatens to stall the current rally.

In the current landscape, Bitcoin faces mounting pressure from conflicting forces as recent buyers realize losses while earlier investors take profits.

The report noted three distinct investor cohorts shaping current price action. The first are top-buyers over the past three months holding positions near $113,800, while the second consists of dip-buyers clustering around $112,800.

The third cohort, comprising short-term holders from the past six months, is anchored near $108,300, creating defined support and resistance zones.

The rebound from $108,000 exposed underlying market stress. Seasoned short-term holders realized approximately $189 million in daily profits, representing 79% of all short-term holder gains. The investors who bought during the February-May dips used recent strength to exit positions profitably.

Loss realization weighs on recovery

Recent top buyers compounded selling pressure by realizing daily losses of up to $152 million during the same period. This behavior mirrors stress patterns observed in April 2024 and January 2025, when peak buyers capitulated under similar circumstances.

Net Realized Profit as a share of market cap peaked at 0.065% during August’s rally before trending lower. While current levels remain elevated, the metric suggests inflows provide diminishing support compared to earlier phases of the cycle.

US spot exchange-traded funds (ETFs) net flows dropped sharply since early August, hovering near 500 BTC daily, compared to the robust inflows that fueled previous rallies.

The slowdown removes a critical pillar of institutional demand that drove Bitcoin’s ascent through 2024.

Derivatives providing stability

With spot flows weakening, derivatives markets assumed greater importance in price formation. Volume Delta Bias recovered during the bounce from $108,000, indicating seller exhaustion across major futures venues, including Binance and Bybit.

The 3-month annualized futures basis remains below 10% despite higher prices, reflecting measured demand for leverage without speculative excess.

Perpetual futures volume stays muted, consistent with post-euphoric market phases rather than aggressive speculation.

Bitcoin options open interest reached record highs as institutions increasingly use derivatives for risk management through protective puts and covered calls. Meanwhile, implied volatility continues to decline, signaling market maturation and reduced speculative positioning.

With these metrics as a backdrop, reclaiming $114,000 decisively would restore top-buyer profitability and attract fresh institutional capital.

Failure to hold this level risks renewed pressure on short-term holders, with $108,300 and ultimately $93,000 serving as critical downside targets where major supply clusters await.

Mentioned in this article
]]> https://earlybirdsinvest.com/bitcoin-faces-critical-test-at-114k-as-low-liquidity-threatens-further-upside-action/feed/ 0 57944 ECB's Digital Euro Plan Faces Pushback Over Privacy Fears https://earlybirdsinvest.com/ecbs-digital-euro-plan-faces-pushback-over-privacy-fears/ https://earlybirdsinvest.com/ecbs-digital-euro-plan-faces-pushback-over-privacy-fears/#respond Fri, 05 Sep 2025 20:34:09 +0000 https://earlybirdsinvest.com/ecbs-digital-euro-plan-faces-pushback-over-privacy-fears/

The European Central Bank (ECB) has once again promoted its plan for a digital euro, but not everyone is on board.

Lawmakers in the EU have raised several concerns, especially around how such a project might affect privacy and traditional banks.

During a September 4 hearing with the European Parliament’s economic committee, ECB board member Piero Cipollone said the digital euro would allow people across the EU to make electronic payments at any time, including during emergencies.

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However, some members of parliament questioned whether people’s personal information would be protected and whether individuals would start moving money out of commercial banks and into central bank-backed digital wallets.

Cipollone explained that the ECB would not have access to data about who sends or receives money using the digital euro. He also said there would be an offline version of the currency that works like cash in terms of privacy.

According to him, the goal is not to replace banknotes but to support them, especially since digital payments are becoming more common in everyday life.

Cipollone also pointed out that many of the systems Europe uses for digital payments are built by companies based outside the EU. A digital euro, he argued, would provide a backup if networks go down or cyberattacks occur.

He mentioned that the US is already exploring stablecoins backed by the dollar.

Recently, the ECB confirmed that traditional banknotes and coins will remain part of Europe’s payment system. What did Cipollone say? Read the full story.

]]> https://earlybirdsinvest.com/ecbs-digital-euro-plan-faces-pushback-over-privacy-fears/feed/ 0 56940 Bitcoin Faces Jobs Test as Tether Considers Gold Mining: Crypto Daybook Americas https://earlybirdsinvest.com/bitcoin-faces-jobs-test-as-tether-considers-gold-mining-crypto-daybook-americas/ https://earlybirdsinvest.com/bitcoin-faces-jobs-test-as-tether-considers-gold-mining-crypto-daybook-americas/#respond Fri, 05 Sep 2025 12:48:52 +0000 https://earlybirdsinvest.com/bitcoin-faces-jobs-test-as-tether-considers-gold-mining-crypto-daybook-americas/

By Omkar Godbole (All times ET unless indicated otherwise)

As both traditional and crypto markets await the U.S. nonfarm payrolls data, some unrelated news hit the wires, underscoring gold’s appeal as a universal haven.

The Financial Times reported that Tether, the issuer of world’s largest dollar-pegged stablecoin, is considering a serious play in the gold industry. CEO Paolo Ardoino has said the metal is safer than any government currency, calling it a perfect complement to bitcoin.

If the report, which cited people familiar with the talks, comes to fruition, it could mean crypto is about to become a bigger part of gold’s reflexive bullish cycle. The precious metal is already soaking up strong bids globally as sticky inflation, fiscal headaches and concerns over central bank independence weigh on investor. Countries are trimming their U.S. Treasury holdings and scooping up gold as a safer, sanctions-proof haven.

Tether’s interest could also boost the appeal of Tether Gold XAUT$3,554.92, which is issued by its affiliate company TG Commodities. Each XAUT represents ownership of one fine troy ounce of physical gold and was recently price around $3,560.

Meanwhile, the prospects for bitcoin BTC$112,644.00, ether (ETH) and the wider crypto market are likely to be determined by the jobs report.

“A weak print will cement expectations for a 25bps rate cut, likely softening the dollar and easing Treasury yields, which will be positive for risk assets, including crypto,” Timothy Misir, head of research at BRN, said in an email. “But the real risk is a strong report: even a modest upside surprise could unwind dovish positioning, send yields higher, and pressure BTC and ETH back toward their support levels.”

In other key news, institutional activity points to interest broadening beyond BTC and ETH. DeFi Development Corp. recently bought over 196,000 Solana SOL$207.70 tokens, establishing a treasury worth some $427 million. And Thumzup Media, backed by Donald Trump Jr., said it acquired $1 million of BTC, along with new purchases of DOGE, LTC, SOL and XRP.

In traditional markets, the MOVE index spiked, signaling increased volatility in U.S. Treasury yields, which could lead to financial tightening and weigh on risk assets. Stay alert!

What to Watch

  • Crypto
  • Macro
    • Sept. 5, 8 a.m.: The Brazilian Institute of Geography and Statistics (IBGE) releases July producer price inflation data.
      • PPI MoM Prev. -1.25%
      • PPI YoY Prev. 3.24%
    • Sept. 5, 8:30 a.m.: The U.S. Bureau of Labor Statistics releases August employment data.
      • Nonfarm Payrolls Est. 75K vs. Prev. 73K
      • Unemployment Rate Est. 4.3% vs. Prev. 4.2%
      • Government Payrolls Prev. -10K
      • Manufacturing Payrolls Est. -5K vs. Prev. -11K
    • Sept. 5, 8:30 a.m.: Statistics Canada releases August employment data.
      • Unemployment Rate Est. 7% vs. Prev. 6.9%
      • Employment Change Est. 7.5K vs. Prev. -40.8K
    • Sept. 5: S&P 500 Rebalance update released after market close. Strategy (MSTR) is one of the companies being considered for inclusion in the index.
    • Sept. 5, 7 p.m.: Colombia’s National Administrative Department of Statistics releases August consumer price inflation data.
      • Inflation Rate MoM Est. 0.2% vs. Prev. 0.28%
      • Inflation Rate YoY Est. 5.11% vs. Prev. 4.9%
    • Sept. 5, 7 p.m.: El Salvador’s Statistics and Census Office releases August consumer price inflation data.
      • Inflation Rate MoM Prev. 0.33%
      • Inflation Rate YoY Prev. -0.14%
  • Earnings (Estimates based on FactSet data)
    • Sept. 9: GameStop (GME), post-market, $0.19

Token Events

  • Governance votes & calls
    • Uniswap DAO is voting on deploying Uniswap v3 on Ronin with $1M in RON and $500K in UNI incentives to make it the chain’s primary decentralized exchange. Voting ends Sept. 6.
    • Lido DAO is voting on a proposal to migrate Nethermind’s ~7,000 Ethereum validators to infrastructure operated by Twinstake, a staking provider co-founded by Nethermind. Voting ends Sept. 8.
    • Uniswap DAO is voting to establish “DUNI,” a Wyoming DUNA as its legal entity, preserving decentralized governance while enabling off-chain operations and liability protections, with $16.5M in UNI for legal/tax budgets and $75K UNI for compliance. Voting ends Sept. 8.
    • Uniswap DAO is voting on an updated Unichain-USDS Growth Plan to accelerate adoption through performance-based incentives and DAO-guided distribution. The proposal introduces minimum KPIs, a “no result, no reward” model. Voting ends Sept. 9.
  • Unlocks
    • Sept. 9: Sonic (S) to unlock 5.02% of its circulating supply worth $46.02 million.
    • Sept. 11: Aptos APT$4.3254 to unlock 2.2% of its circulating supply worth $48.86 million.
    • Sept. 15: Starknet (STRK) to unlock 5.98% of its circulating supply worth $15.66 million.
    • Sept. 15: Sei SEI$0.2930 to unlock 1.18% of its circulating supply worth $16.01 million.
    • Sept. 16: Arbitrum ARB$0.5034 to unlock 2.03% of its circulating supply worth $46.05 million.
  • Token Launches
    • Sept. 5: WORLDSHARDS (SHARDS) to be listed on Binance Alpha, MEXC, Gate.io and others.
    • Sept. 5: Boost (BOOST) to be listed on Binance Alpha, Bitget, MEXC, BitMart, and others.
    • Sept. 8: Openledger (OPEN) to be listed on Binance Alpha, MEXC and others.
    • Sept. 8: OlaXBT (AIO) to be listed on Binance Alpha and others.

Conferences

The CoinDesk Policy & Regulation Conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. Space is limited. Use code CDB15 for 15% off your registration.

Token Talk

By Oliver Knight

  • The memecoin sector had shown signs of fading earlier this year, particularly after the short-lived hype cycles around tokens like TRUMP and MELANIA in January. Those launches briefly captured attention, but failed to sustain momentum, reinforcing the perception that the memecoin trade was exhausted after 2023’s frenzy.
  • Both subsequently slumped. TRUMP is now 88% lower and and MELANIA is down 95% despite being touted by the U.S. president and first lady in January.
  • However, there’s a new kid on the block: MemeCore, a layer-1 blockchain solely focused on transitioning memecoins from speculative assets to something that has utility in decentralized finance (DeFi).
  • The platform’s native token, M, has risen by 261% in the past week despite a wider market pullback.
  • The flurry of activity can also be tied to the MemeX liquidity festival, which offers $5.7 million in rewards to traders. It’s worth noting that 85% of the trading volume has taken place on decentralized exchange PancakeSwap, indicating significant retail flows as opposed to on-chain utility.
  • While some may argue this is just another flash in the pan, the surge demonstrates just how quickly memecoin sentiment can shift.
  • The positive sentiment around MemeCore could find a way of moving back to Solana-based memecoin platform Pump.fun, whose $15.8 million in daily revenue in January has tumbled to between $1.5 million and $2.5 million this week.

Derivatives Positioning

  • Ether’s open interest in USDT and dollar-denominated perpetual contracts on major exchanges declined to 1.93 million ETH, a four-week low. This capital outflow raises questions about the sustainability of ETH’s nearly 18% gain over the period.
  • Except for LINK and BTC, open interest declined across the top 10 tokens. OI in major Solana perpetuals slipped below 11 million SOL, threatening to invalidate the four-week uptrend.
  • BTC futures activity on the CME remains subdued, but options are heating up, with open interest rising to 47.23K BTC, the highest since April. The notional OI has risen to $5.21 billion, the most since November. Some traders have been buying cheap out-of-the-money puts, prepping for a potential hotter-than-expected U.S. nonfarm payrolls (NFP) report.
  • Consistent with trends on offshore exchanges, Ether’s futures open interest on the CME slipped below 2 million ETH, while the three-month annualized premium rose from 5% to 7%.
  • On Deribit, BTC puts continue to trade at a premium to calls across all tenors, pointing to downside concerns.
  • The seven-day volatility risk premium has retraced nearly to zero, suggesting that the implied volatility for seven days is now roughly equal to the realized volatility. In other words, investors aren’t expecting a premium to hedge against future volatility spikes, despite the U.S. jobs data due later today.
  • In ETH’s case, puts are trading at a premium to calls out to the end-November expiry.
  • Block flows on the OTC desk at Paradigm have been mixed, with a BTC $116K call lifted alongside an ether $4K put.

Market Movements

  • BTC is up 1.71% from 4 p.m. ET Thursday at $112,306.62 (24hrs: +1.4%)
  • ETH is up 2.14 at $4,398.33 (24hrs: -0.19%)
  • CoinDesk 20 is up 1.85% at 4,050.32 (24hrs: +0.28%)
  • Ether CESR Composite Staking Rate is up 1 bps at 2.88%
  • BTC funding rate is at 0.0015% (1.6425% annualized) on KuCoin
CoinDesk 20 members’ performance
  • DXY is down 0.35% at 98.00
  • Gold futures are unchanged at $3,609.80
  • Silver futures are unchanged at $41.42
  • Nikkei 225 closed up 1.03% at 43,018.75
  • Hang Seng closed up 1.43% at 25,417.98
  • FTSE is up 0.26% at 9,241.13
  • Euro Stoxx 50 is up 0.18% at 5,356.16
  • DJIA closed on Thursday up 0.77% at 45,621.29
  • S&P 500 closed up 0.83% at 6,502.08
  • Nasdaq Composite closed up 0.98% at 21,707.69
  • S&P/TSX Composite closed up 0.57% at 28,915.89
  • S&P 40 Latin America closed up 0.49% at 2,770.29
  • U.S. 10-Year Treasury rate is down 1.5 bps at 4.161%
  • E-mini S&P 500 futures are up 0.21% at 6,524.25
  • E-mini Nasdaq-100 futures are up 0.5% at 23,787.25
  • E-mini Dow Jones Industrial Average Index are unchanged at 45,664.00

Bitcoin Stats

  • BTC Dominance: 58.73% (unchanged)
  • Ether to bitcoin ratio: 0.03914 (0.82%)
  • Hashrate (seven-day moving average): 973 EH/s
  • Hashprice (spot): $52.48
  • Total Fees: 4.86 BTC / $537,022
  • CME Futures Open Interest: 133,775 BTC
  • BTC priced in gold: 31.6 oz
  • BTC vs gold market cap: 8.92%

Technical Analysis

ETH/BTC's weekly chart. (TradingView/CoinDesk)

ETH/BTC’s weekly chart. (TradingView/CoinDesk)

  • The ether-bitcoin (ETH) ratio is looking to top the Ichimoku cloud on the weekly chart. Crossovers above the cloud are said to confirm a bullish shift in momentum.
  • The pair has already topped the descending trendline, characterizing the three-year-long downward trend.

Crypto Equities

  • Coinbase Global (COIN): closed on Thursday at $306.80 (+1.49%), +1.53% at $311.49 in pre-market
  • Circle (CRCL): closed at $117.49 (-0.82%), +0.54%% at $118.12
  • Galaxy Digital (GLXY): closed at $22.91 (-6.07%), +1.27% at $23.20
  • Bullish (BLSH): closed at $49.01 (-9.68%), +1.27%% at $49.63
  • MARA Holdings (MARA): closed at $15.11 (-4.91%), +1.52% at $15.34
  • Riot Platforms (RIOT): closed at $13.16 (-2.16%), +1.98% at $13.42
  • Core Scientific (CORZ): closed at $113.62 (+0.29%)
  • CleanSpark (CLSK): closed at $9.08 (-3.81%), +1.1% at $9.18
  • CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $29.17 (-4.98%)
  • Exodus Movement (EXOD): closed at $29.17 (-0.08%), +2.84% at $25.00

Crypto Treasury Companies

  • Strategy (MSTR): closed at $327.59 (-0.81%), +2.2% at $334.86
  • Semler Scientific (SMLR): closed at $13.62 (+0.29%)
  • SharpLink Gaming (SBET): closed at $15.43 (-8.26%), +2.53% at $15.82
  • Upexi (UPXI): closed at $6.33 (-4.52%), +2.69% at $6.50
  • Mei Pharma (MEIP): closed at $4.27 (-5.74%), +1.87% at $4.35

ETF Flows

Spot BTC ETFs

  • Daily net flows: -$222.9 million
  • Cumulative net flows: $54.63 billion
  • Total BTC holdings ~1.29 million

Spot ETH ETFs

  • Daily net flows: -$167.3 million
  • Cumulative net flows: $13.19 billion
  • Total ETH holdings ~6.52 million

Source: Farside Investors

Chart of the Day

Pump.fun's PUMP purchases. (fees.pump.fun)

Pump.fun’s PUMP purchases. (fees.pump.fun)

  • The chart shows the Solana memecoin launchpad Pump.fun’s purchases of its native token, PUMP.
  • The platform snapped up $12,192,383 in PUMP tokens last week, offsetting the total circulating supply by over 5%.

While You Were Sleeping

  • Stablecoin Group Tether Holds Talks to Invest in Gold Miners (Financial Times): Tether, which already holds $8.7 billion in gold bars, is considering investments across the gold supply chain, with its CEO saying the metal is a complement to bitcoin.
  • Bitcoin Bulls Should Keep an Eye Out for Spike In Key Bond Market Index (CoinDesk): The recent sharp rise in the MOVE index, a key gauge of volatility in U.S. Treasuries, often signals tighter liquidity, which curbs demand for risk assets such as bitcoin.
  • Bitcoin Hits $113K as BTC Dominance Approaches Two-Week High of 59% (CoinDesk): Bitcoin’s move came as $3.28 billion in options expired at 08:00 UTC on Deribit near Friday’s $112,000 “max pain” point, where options buyers face the biggest losses.
  • Hong Kong’s Digital Bond Market Gains Steam With Fresh Offerings (Bloomberg): Digital bonds, debt securities that use the blockchain for issuance, trading and settlement, are gaining traction in Hong Kong, with the government offering subsidies of up to HK$2.5 million ($320,500) per offering.
  • Venezuelan Military Aircraft Fly Near U.S. Warship in ‘Provocative Move’, Pentagon Says (Reuters): Venezuela’s action followed two days after a U.S. strike on a Venezuelan boat allegedly carrying narcotics killed 11, an act criticized by some legal scholars and one Democratic congresswoman.
  • Bitcoin Crash Brewing? Trader Plans Bids at $94K, $82K for Potential Market Freakout (CoinDesk): The president of Spectra Markets sees bitcoin at an inflection point, citing fading bullish drivers, a bearish double top and halving cycle history as reasons for placing bids at $94,000 and $82,000.

In the Ether

So that there's no confusion about the @coinbase approach to patent extortion, allow me to confirm how we do things
Stablecoins just had another record month.
The Ripple Swell 2025 agenda is live!
Solana: 0 to $100B+ in less than five years.
U.S. Treasury just bought $2 Billion of its own debt

]]> https://earlybirdsinvest.com/bitcoin-faces-jobs-test-as-tether-considers-gold-mining-crypto-daybook-americas/feed/ 0 56889 Bitcoin consolidates between $104,000 and $116,000 as market faces critical decision Point https://earlybirdsinvest.com/bitcoin-consolidates-between-104000-and-116000-as-market-faces-critical-decision-point/ https://earlybirdsinvest.com/bitcoin-consolidates-between-104000-and-116000-as-market-faces-critical-decision-point/#respond Fri, 05 Sep 2025 02:23:38 +0000 https://earlybirdsinvest.com/bitcoin-consolidates-between-104000-and-116000-as-market-faces-critical-decision-point/

Bitcoin (BTC) trades within a consolidation range between $104,000 and $116,000, with on-chain data revealing critical levels that could determine the next directional move.

According to a Sept. 4 report by Glassnode, Bitcoin entered a volatile downtrend following its mid-August all-time high, declining to $108,000 before rebounding toward current levels.

The UTXO Realized Price Distribution shows investors accumulated dursng the pullback, filling the $108,000-$116,000 “air gap” through consistent dip-buying behavior.

The UTXO Realized Price Distribution chart shows Bitcoin accumulation concentrated in the $108,000-$116,000 range following the recent price decline from all-time highs. Image: Glassnode

The current trading range corresponds to the 0.85 and 0.95 quantile cost basis levels, ranging from $104,100 to $114,300. Historically, this zone acts as a consolidation corridor following euphoric peaks, often producing choppy sideways markets.

Breaking below $104,100 would replay post-ATH exhaustion phases seen earlier this cycle, while recovery above $114,300 would signal renewed demand control.

Short-term holder trends

Short-term holders face mounting pressure within the range, with their profit percentage collapsing from above 90% to 42% during the decline to $108,000.

The sharp reversal typically triggers fear-driven selling from recent buyers before seller exhaustion enables rebounds.

Currently, over 60% of short-term holders have returned to profit, representing a neutral positioning compared to recent extremes.

Short-term holder profitability dropped sharply in August 2025 before recovering to current levels around 60%, indicating neutral market sentiment. Image: Glassnode

Only sustained recovery above $114,000-$116,000, where over 75% of short-term holder supply would achieve profitability, could restore confidence necessary to attract new demand.

Futures market funding rates are sitting at $366,000 per hour, positioned neutrally between the established $300,000 baseline and overheated levels exceeding $1 million seen in March and December 2024.

Further compression below the threshold would confirm broader demand deterioration across derivatives markets.

TradFi demand contraction

Spot exchange-traded fund (ETF) flows reveal weakening institutional demand from traditional finance (TradFi) channels.

Since April, Bitcoin ETF inflows have averaged over 3,000 BTC daily but cooled through July to the current 14-day average of just 540 BTC. The contraction mirrors similar patterns in Ethereum (ETH) ETFs, where inflows dropped from 56,000-85,000 ETH daily to 16,600 ETH.

Bitcoin ETF flows significantly outweighed CME futures positioning changes, indicating TradFi investors primarily expressed directional demand through spot exposure rather than derivatives strategies.

This differs from Ethereum markets, where CME open interest changes represented over 50% of cumulative ETF inflows, suggesting greater use of cash-and-carry arbitrage strategies.

The range-bound trading follows Bitcoin’s third multi-month euphoric phase of the current cycle, characterized by overwhelming price momentum pushing the majority supply into profit.

Such periods require persistent capital inflows to offset continuous profit-taking, a dynamic that has historically proved unsustainable in the long term.

Breaking below $104,000 risks triggering post-ATH exhaustion, with a potential downside toward the $93,000-$95,000 levels, based on previous cycle patterns.

Mentioned in this article
]]> https://earlybirdsinvest.com/bitcoin-consolidates-between-104000-and-116000-as-market-faces-critical-decision-point/feed/ 0 56808 PEPE Faces 15% Downside Risk as Trading Volumes and On-Chain Activity Plunge https://earlybirdsinvest.com/pepe-faces-15-downside-risk-as-trading-volumes-and-on-chain-activity-plunge/ https://earlybirdsinvest.com/pepe-faces-15-downside-risk-as-trading-volumes-and-on-chain-activity-plunge/#respond Thu, 04 Sep 2025 12:09:37 +0000 https://earlybirdsinvest.com/pepe-faces-15-downside-risk-as-trading-volumes-and-on-chain-activity-plunge/

Meme-inspired cryptocurrency PEPE PEPE$0.0₅9604 is under pressure after slipping below a key support level, sparking warnings of a possible 15% drop.

The move comes as trading volumes fell to $980 million and open interest contracted 4% to $535 million based on CoinGlass data, signaling waning conviction among traders.

Derivatives data show long liquidations hit $326,000, far outpacing just $9,900 in shorts, based on the same data source, highlighting an imbalance that could accelerate downward momentum.

Meanwhile, activity on the PEPE network has collapsed to fewer than 3,000 daily active addresses, Glassnode data shows. That’s a sharp drop from late 2024, when a peak 27,500 addresses were active during a major price rally.

According to trader Alpha Crypto Signal, the price of PEPE could see a major breakdown and slow towards the $0.0000085 to $0.0000080 area as it comes off of a symmetrical triangle.

Meanwhile, Nansen data for the past week shows the top 100 PEPE addresses on the Ethereum blockchain added just 0.2% to their holdings, while PEPE on exchanges rose 1.13%.

Technical Analysis Overview

PEPE showed volatility during the latest trading cycle, with a 5% range between $0.000010028 at the high and $0.000009567 at the low, according to CoinDesk Research’s technical analysis data model.

A rally earlier in the week briefly pushed prices to the $0.000010000 mark on volume of 2.6 trillion tokens, but the move stalled and sellers regained control.

Since then, the token has drifted lower, testing $0.000009610, a 4% pullback from recent highs. Hourly trading also showed resistance forming near $0.000009640 despite sharp volume spikes above 89 billion, suggesting distribution rather than accumulation.

]]> https://earlybirdsinvest.com/pepe-faces-15-downside-risk-as-trading-volumes-and-on-chain-activity-plunge/feed/ 0 56716 Cardano (ADA) Faces Selling Pressure – Is This the Start of a Trend? https://earlybirdsinvest.com/cardano-ada-faces-selling-pressure-is-this-the-start-of-a-trend/ https://earlybirdsinvest.com/cardano-ada-faces-selling-pressure-is-this-the-start-of-a-trend/#respond Mon, 01 Sep 2025 06:10:03 +0000 https://earlybirdsinvest.com/cardano-ada-faces-selling-pressure-is-this-the-start-of-a-trend/ Cardano price started a fresh decline below the $0.850 zone. ADA is now consolidating and might extend losses below the $0.80 support.

  • ADA price started a fresh decline below the $0.850 support zone.
  • The price is trading below $0.8320 and the 100-hourly simple moving average.
  • There is a key bearish trend line forming with resistance at $0.820 on the hourly chart of the ADA/USD pair (data source from Kraken).
  • The pair could start a fresh increase if it clears the $0.820 resistance zone.

Cardano Price Dips Further

After a steady increase, Cardano faced sellers near $0.880 and started a downside correction, like Bitcoin and Ethereum. ADA dipped below the $0.850 and $0.8320 support levels.

The bears even pushed the price below $0.820. A low was formed at $0.8003 and the price is now consolidating losses. There was a minor increase toward the 23.6% Fib retracement level of the recent decline from the $0.8376 swing high to the $0.8003 low.

Cardano price is now trading below $0.820 and the 100-hourly simple moving average. There is also a key bearish trend line forming with resistance at $0.820 on the hourly chart of the ADA/USD pair.

On the upside, the price might face resistance near the $0.820 zone. The first resistance is near $0.8280 or the 76.4% Fib retracement level of the recent decline from the $0.8376 swing high to the $0.8003 low. The next key resistance might be $0.840.

Cardano Price

If there is a close above the $0.840 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.8620 region. Any more gains might call for a move toward $0.880 in the near term.

Another Decline In ADA?

If Cardano’s price fails to climb above the $0.840 resistance level, it could start another decline. Immediate support on the downside is near the $0.80 level.

The next major support is near the $0.780 level. A downside break below the $0.780 level could open the doors for a test of $0.7620. The next major support is near the $0.750 level where the bulls might emerge.

Technical Indicators

Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level.

Major Support Levels – $0.8000 and $0.7800.

Major Resistance Levels – $0.8200 and $0.8400.

]]> https://earlybirdsinvest.com/cardano-ada-faces-selling-pressure-is-this-the-start-of-a-trend/feed/ 0 56169 Ethereum Price Faces Selling Pressure, Bulls Eye $4,600 Comeback https://earlybirdsinvest.com/ethereum-price-faces-selling-pressure-bulls-eye-4600-comeback/ https://earlybirdsinvest.com/ethereum-price-faces-selling-pressure-bulls-eye-4600-comeback/#respond Thu, 28 Aug 2025 03:55:04 +0000 https://earlybirdsinvest.com/ethereum-price-faces-selling-pressure-bulls-eye-4600-comeback/

Ethereum price started a fresh decline from the $4,630 zone. ETH is now showing bearish signs and might decline further below $4,460.

  • Ethereum is struggling to settle above the $4,630 zone.
  • The price is trading below $4,580 and the 100-hourly Simple Moving Average.
  • There was a break below a rising channel with support at $4,600 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start another increase unless there is a close below $4,460 in the near term.

Ethereum Price Faces Hurdles

Ethereum price started a downside correction and tested the $4,310 zone, like Bitcoin. ETH price found support and recently started a fresh increase.

There was a move above the $4,400 and $4,420 levels. The price cleared the 23.6% Fib retracement level of the key decline from the $4,956 swing high to the $4,310 low. However, the bears were active near the $4,630 resistance zone.

The 50% Fib retracement level of the key decline from the $4,956 swing high to the $4,310 low is acting as a hurdle. Recently, there was a break below a rising channel with support at $4,600 on the hourly chart of ETH/USD. Ethereum price is now trading below $4,580 and the 100-hourly Simple Moving Average.

On the upside, the price could face resistance near the $4,580 level. The next key resistance is near the $4,630 level. The first major resistance is near the $4,710 level.

Ethereum Price
Source: ETHUSD on TradingView.com

A clear move above the $4,710 resistance might send the price toward the $4,820 resistance. An upside break above the $4,820 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,880 resistance zone or even $5,000 in the near term.

More Losses In ETH?

If Ethereum fails to clear the $4,630 resistance, it could continue to move down. Initial support on the downside is near the $4,460 level. The first major support sits near the $4,420 zone.

A clear move below the $4,420 support might push the price toward the $4,310 support. Any more losses might send the price toward the $4,240 support level in the near term. The next key support sits at $4,150.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $4,460

Major Resistance Level – $4,630

]]> https://earlybirdsinvest.com/ethereum-price-faces-selling-pressure-bulls-eye-4600-comeback/feed/ 0 55483 Bitcoin faces critical resistance at $113,700, breakdown below $107k threatens return to 5 figures https://earlybirdsinvest.com/bitcoin-faces-critical-resistance-at-113700-breakdown-below-107k-threatens-return-to-5-figures/ https://earlybirdsinvest.com/bitcoin-faces-critical-resistance-at-113700-breakdown-below-107k-threatens-return-to-5-figures/#respond Wed, 27 Aug 2025 22:05:45 +0000 https://earlybirdsinvest.com/bitcoin-faces-critical-resistance-at-113700-breakdown-below-107k-threatens-return-to-5-figures/

Bitcoin (BTC) trades in a precarious position near $112,000, caught between key technical levels that could determine its next major directional move following a pullback from the $124,000 all-time high reached two weeks ago.

According to an Aug. 27 report by Glassnode, BTC faces immediate resistance at $113,700, which aligns with the three-month cost basis of recent investors.

Potential sell pressure

Any bounce attempt will likely encounter selling pressure from short-term holders seeking breakeven exits after being pushed into unrealized losses. The one-month cost basis sits higher at $115,600, creating an additional resistance layer that could cap recovery attempts.

More concerning for bulls, the critical support level rests at $107,000, representing the six-month cost basis threshold. As of press time, Bitcoin is priced at $112,206.57.

A sustained breakdown below this zone risks triggering fear among newer market participants and could accelerate downside momentum toward the $95,000-$93,000 region, where historical analysis suggests potential bottom formation.

The Cost Basis Distribution Heatmap reveals a thick cluster of supply between $93,000 and $110,000 that has been forming since December 2024. This accumulation zone has provided resilience above $110,000 but also represents the logical target area should selling pressure intensify.

Statistical analysis of four-year bands indicates prior bearish drawdowns typically found lows around one standard deviation beneath short-term holders’ cost basis, supporting the $95,100 projection.

Investors show indecision

The current market structure indicates that Bitcoin has experienced an 11.4% drawdown from its peak, which remains modest compared to historical mid-cycle corrections that typically exceed 25%.

The Relative Unrealized Loss stands at just 0.5%, far below the 30% levels typically associated with deep bear phases. This metric suggests that the broader market has yet to experience severe stress.

However, sentiment indicators point to mounting pressure. The Spent Output Profit Ratio hovers near neutral at 1.0, indicating that investors are neither realizing significant gains nor losses.

Perpetual futures markets have shifted decidedly bearish since July, with Cumulative Volume Delta showing sustained sell pressure across major exchanges, including Binance and Bybit.

Spot market sentiment has shifted from the strong buying pressure observed in April, which fueled the rebound from $72,000. Funding rates remain near 0.01% across exchanges, indicating a fragile equilibrium where even modest sell pressure could quickly shift sentiment bearish.

Bitcoin’s technical setup presents a binary outcome. Any relief rally faces formidable resistance at $113,700, while losing the $107,000 support opens the door to accelerated declines targeting the $95,000-$93,000 zone where substantial supply clusters await.

Mentioned in this article
]]> https://earlybirdsinvest.com/bitcoin-faces-critical-resistance-at-113700-breakdown-below-107k-threatens-return-to-5-figures/feed/ 0 55436 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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$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 Ethereum staking faces $3.28 billion exit queue as delays hit longest wait in months https://earlybirdsinvest.com/ethereum-staking-faces-3-28-billion-exit-queue-as-delays-hit-longest-wait-in-months/ https://earlybirdsinvest.com/ethereum-staking-faces-3-28-billion-exit-queue-as-delays-hit-longest-wait-in-months/#respond Thu, 14 Aug 2025 15:36:09 +0000 https://earlybirdsinvest.com/ethereum-staking-faces-3-28-billion-exit-queue-as-delays-hit-longest-wait-in-months/

Ethereum’s staking network is under sustained withdrawal pressure, with the validator exit queue experiencing its longest wait time over the past month.

Data from the Validator Queue shows that, as of Aug. 14, stakers face an average of 12 days before they can fully withdraw their funds, a sharp departure from the typical sub-day turnaround.

Ethereum Validators Queue
Ethereum Validators Queue (Source: validatorqueue.com)

CryptoSlate first highlighted this trend on July 21, when the withdrawal queue surpassed the entry queue. The backlog has remained elevated ever since.

As of press time, 698,575 ETH (roughly $3.28 billion) are queued for withdrawal, while only 105,000 ETH, valued at about $472 million, are currently entering the network.

Ethereum Validators Queue
Ethereum Validators Queue (Source: validatorqueue.com)

What is driving staked ETH withdrawals?

DeFi analyst Ignas pointed out that the most recent withdrawals are concentrated among the top three liquid staking token (LST) providers, including Lido, EtherFi, and Coinbase. These platforms allow users to stake ETH while retaining liquidity through derivative tokens.

Top Ethereum Stakers Withdrawing
Top Ethereum Stakers Withdrawing Their Assets (Source: Ignas/X)

Considering this, he attributed the surge in withdrawals from these platforms to unwinding leveraged ETH positions to capture higher yields.

Meanwhile, he also noted that a widening stETH/ETH depeg may be influencing validator behavior, alongside large positions being taken in anticipation of upcoming ETH staking ETFs.

In addition, profit-taking could be another factor behind the exit wave. Long-term stakers may be taking advantage of Ethereum’s recent price rally to withdraw funds from the staking program and realize gains.

]]> https://earlybirdsinvest.com/ethereum-staking-faces-3-28-billion-exit-queue-as-delays-hit-longest-wait-in-months/feed/ 0 53176