As its daily trading volume declines, Shiba Inu has once again entered perilous territory, with the token having little-to-no support for sustained price action. SHIB is still trapped in a narrowing symmetrical triangle formation at its current price of around $0.0000122, but the lack of trading activity is prompting worries that the asset may soon experience a significant breakdown. Volatility frequently precedes low volume, and in the case of SHIB, it is strongly trending downward.

Shiba Inu volumes plummet

Due to stagnating liquidity and sellers gradually gaining the upper hand, investors seem hesitant to commit. Historically, when SHIB’s volume has fallen to similar levels, the token followed with heavy price dumps as weak hands exited and marketmakers pushed the price lower.

From a technical standpoint, SHIB has not been able to recover its 100-day and 50-day EMAs, which are still showing resistance. As a further indication that the long-term trend is still bearish, the 200-day EMA at $0.000014 looms as an even stronger ceiling.

Erasing what was gained

The lower border of the triangle is now being tested more frequently because every recovery attempt has been swiftly rejected. Weeks of consolidation could be erased if this level breaks and SHIB drops toward $0.0000110-0.0000100. With no indications of bullish divergence to point to a reversal, the RSI near 44 indicates bearish momentum.

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In addition to having little liquidity, SHIB is essentially in no man’s land, where a significant sell-off could lead to a series of liquidations. For the time being, the success of the token hinges on whether or not buyers can act decisively. But SHIB is left operating on empty in the absence of a spike in volume, which is a surefire way to fail in a market that is already precarious.

Given Shiba Inu’s growing susceptibility to deviating from its triangle pattern, investors should prepare for the prospect of a solid dump in the near future. In other words, SHIB is at zero fuel, and the likelihood of a big decline is increasing daily unless new catalysts appear.

The Tornado Cash Trail began today in the Southern Region of New York (SDNY).

Only during the first 90 minutes of the day, Judge Phila, the judge who was on the trial, worked in prosecution and defense before the court. The rest of the day was dedicated to the ju-describer’s selection process.

The judge began the session by discussing the remaining three claims. In Limin Tornado Cash co-founder Alexey Pertsev’s opposition to data extraction from mobile phones, and from other defenses Brady Defence demand.

Limine #1 Movement: Data Extraction from Persev Phone

In both the status meeting on Friday and the letter sent to court over the weekend, the defense questioned the integrity of the data extracted from Alexei Pertef’s phone.

He argued that some of the messages in the data, especially Pertsev’s telegram messages, should be acceptable as they lack context.

The defense specifically referred to one message. This refers to the quote that he misquoted Pertsev.

The message referenced the $600 million cryptographic exploit from online game Axie Infinity. The funds were washed through Tornado Cash. What court records originally did not show was that this message was forwarded from Coindesk The accused reporter, from Rome Storm, Peltsev.

The judge addressed the issue, but said it was not a basis to exclude the remaining data extracted from Pertsev’s phone from the body of evidence in the case.

Limine #2 move: denial of defense Brady request

Judge Phila also denied the recent Brady request for defense. (This type of request is named after Brady vs Maryland A Supreme Court lawsuit in 1963. Brady The rules provide for clear evidence to be provided to the defense, making it available as part of the due process.

“The idea that there is faster information is very unlikely,” Judge Phila said.

The defense did not push back the judge’s decision.

It raises doubts about the legitimacy of data provided by custodians

Some of the data prosecutors plan to use as evidence in their cases was provided by companies including Apple, X, and Dragonfly (a venture capital firm that invested in Tornado Cash).

The defense questioned the legitimacy of the data provided in light of recent discoveries of false induction telegram messages.

Representatives of these companies requested that they testify during trial regarding the legitimacy of the data.

Judge Phila denied the request and said that such testimony was not necessary.

The defense accepted the denial as it was related to Apple and X, but pushed back against requests related to Dragonfly, calling for questions about the relevance of the data provided by Dragonfly and the devices on which the data was retrieved.

Issues with Dragonfly Telegram Messages

The defense argued that telegram messages from Dragonfly employees should not be included in evidence that the company should not be handed over to court (although it also states that it is OK for the company tornado cash transactions to be handed over).

In response, the prosecutors acknowledged that some of these telegram messages contained hearsay, but explained that the message also includes information about tornado cash business transactions and therefore should not be excluded from the body of evidence.

Judge Faira then cited the 2020 Second Circuit case from the US v. Elgamal.

The prosecution also cited us and Figueroa. This is a 2023 lawsuit that found it legal to recognize a business record that is legal in a particular context, claiming that the telegram message obtained by the court is a business record and is related to the case.

In a final statement on the issue, the defense argued that it speculated that the device on which the telegram message was obtained was a company-owned device.

Judge Phila was particularly surprised by the statement, but said the defense had no basis for the claim and there was a recognition that stated that the phone was indeed a company’s device.

Prosecutors added that the records produced by Dragonfly corresponded to the large ju judge’s summons.

Ju-referee’s choice

The ju apprentice selection process began at 11:15am ET and continued for the rest of the day.

Of the 90 potential ju apprentices, approximately 45 people addressed the court and/or spoke with the judge in a sidebar session.

The ju apprentice selection process will resume tomorrow at 9am ET.

If time allows, the prosecutor and defense will issue an opening statement later tomorrow.

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With the robust bullish performance observed across the general crypto market, Bitcoin has shifted toward the upside trajectory, breaking above key resistance levels. In a surprising twist that has caught the sector’s attention, old BTC investors are making their presence known in the market with massive coins moved in recent months following the resurgence in upward movements.

Historic Bitcoin Stirs Up In 2025

As the market rally gains momentum, Bitcoin has surged to levels above the $93,000 mark after many weeks of bearish actions. During this volatile period, Bitcoin sleeping giants are starting to wake up, indicating strong conviction in the asset’s long-term potential.

In a quick-take post on the CryptoQuant platform, a market expert with the username OnChainSchool reported that old dormant BTC has been moving since the beginning of 2025. Presently, more than twice as much long-dormant Bitcoin has been moved in the first three months of 2025 when compared to the same time period in 2024. 

Long-dormant BTC springing back to life hints at a potential shift in sentiment among older or early investors. The abrupt action of these old investors could signal a turning point in Bitcoin’s market dynamics, whether it be for profit-taking, portfolio rebalancing, or getting ready for the next leg of the bull market.

Data shared by the expert reveals that about 62,800 BTC aged over 7 years were spent between January and March 2025. During the same period in 2024, over 28,000 BTC were observed being moved, marking a 121% increase in the movement of old coins.

It is worth noting that this analysis does not include the 141,000 BTC related to the Mt. Gox transfers in May 2024. The reason for this is to ensure a cleaner view of organic market activity between Q1 of 2024 and Q1 of 2025.

According to the expert, the increase might indicate a change in mood among long-term holders, which could be bolstered by changes in the macroeconomic environment, expectations for prices, or institutional liquidity requirements.

Long-Term And Short-Term BTC Holders’ Current Behavior

Bitcoin’s price has regained its footing as it hovers near critical resistance levels. Amid the renewed upward trend, there has been a significant behavioral divergence between long-term and short-term BTC holders.

Recent reports reveal that long-term BTC holders have been accumulating more coins at a rapid rate while short-term holders are capitulating and selling into weakness. LTH accumulation and STH capitulation typically indicate the beginning of a re-accumulation phase.

BTC’s Long-Term Holders’ Net Position Change has turned positive for the first time since the local top, suggesting that seasoned investors have resumed accumulation after months of continued distribution. Meanwhile, short-term holders are still liquidating their holdings, with net outflows falling deeper into negative territory.

Featured image from Adobe Stock, chart from Tradingview.com

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Ethereum is trading at a critical level after enduring weeks of aggressive sales pressure. Since falling below the major $2,000 mark, the second-largest cryptocurrency has struggled to regain bullish momentum. Currently down 21% from that level, ETH continues to hover nearly $1,580, reflecting the lack of clear convictions from both buyers and sellers.

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The market has entered a period of extreme indecisiveness. According to top analyst Darn, Ethereum prices remained particularly compressed, with little movement in the past two days. This type of integration often precedes sharp price action in either direction, with traders carefully looking at signs of breakouts and breakdowns.

Macroeconomic uncertainty continues to affect investors’ feelings as global trade tensions and monetary policy concerns continue to put pressure on risky assets like Ethereum. For now, the Bulls will need to regain their $1,850 resistance zone to see a trend reversal, but drops below $1,500 can open the door to deeper losses.

Current compression could be milder before the storm, as volatility is built in the background. Will it be upside down or is there a more downside in store?

Ethereum compression signals breakout as macro pressure accumulates

Ethereum faces critical testing as it trades at a compression level after weeks of sustained sales pressure. The broader crypto market is under pressure as global tensions grow. President Donald Trump’s trade war with China continues to shape macroeconomic sentiment, with investors becoming cautious across all risky asset classes.

Despite last week’s announcement of a 90-day tariff suspension on all countries except China, uncertainty remains. The unresolved position of US-China trade relations continues to show weight in the market and is one of the key factors that will discourage price movements. For Ethereum, this translates to very low volatility and stalled price structure.

Daan shares insights that suggest that Ethereum’s prices are “very compressed” and has not shown any meaningful movement for the majority of the two days. According to Dahn, this type of compression usually precedes a large breakout, but the direction of its movement remains unknown.

Both investors and traders are closely monitoring this setup. This is because compressed price actions usually lead to a large momentum-driven shift. With wider macro risk still playing, Ethereum’s next move will define short-term trends and set the tone of the market in the coming weeks.

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The ETH Bulls aim to regain control

Ethereum is trading at $1,590 after several days of lateral price action, hovering between support and nearly $1,700 resistance at $1,550. Despite holding the lower end of this range above, ETH is struggling to generate the momentum it needs to confirm and confirm a short-term recovery.

To establish a stronger position, the ETH must push beyond the 4-hour 200-day moving average (MA) and exponential moving average (EMA), both of which continue to function as dynamic resistance. Breakouts above these metrics can spark new interest from traders and indicate the onset of the recovery phase.

However, the true test is at the $2,000 level, a major psychological and technical resistance zone. Regaining this level marks changes in market emotions, opening the door to higher targets.

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On the downside, if you can’t get the ground beyond your current range and fall below $1,550, you’ll immediately drag when your ETH falls below $1,500, increasing the risk of a deeper correction. For now, Ethereum remains in the integration phase, with the next critical move likely to decide whether the Bulls will regain control or whether sellers will push prices into a low demand zone.

Dall-E special images, TradingView chart