7 days ago
In the last week, significant happenings have occurred in Ethereum’s (ETH) whale segment, with hands changing over 530,000 ETH. This inordinate amount of whale action points to a market under pressure, with long-term holders apparently capitulating. If this development sent a chill up your spine, freeze it. Ethereum remains a fine accumulation candidate, with an impending 2.0 upgrade allowing it to usurp the market share of Bitcoin (BTC) and potentially everyone else. Whales have moved over 530,000 #Ethereum $ETH in the past week! pic.twitter.com/ecIDbvcSEi — Ali (@ali_charts) April 9, 2025 Right now, the Ethereum market seems to be moving toward a key price area—one that, in the past, has indicated the market was nearing a bottom and has provided strong buying opportunities. When you look at this recent price action and the fact that large holders are taking profits and/or adjusting positions, you have to ask: does this situation spell impending bottom for the Ethereum market? Or is it more likely that we are going to see further price weakness in the near future? Ethereum OG Sells 10,702 ETH After Two Years of Dormancy A recent development that is worth talking about came from a person who is considered to be one of the original Ethereum investors. This individual sold 10,702 ETH—which was worth about $16.86 million at around $1,576—just a few days ago. This is a significant development not just because of who it is, but also because this individual held this Ethereum for a very long time. Supposedly, this person held the Ethereum since 2016, when it was worth just $8. This sale’s timing is interesting. Even though Ethereum hit over $4,000 during the 2021 bull market, this investor did not choose to sell then. Instead, the dip that is now signaling a bear market saw this investor finally executing their option to sell. Why would an attractive asset holder sell at what seems to be a low point? This action seems to fly in the face of conventional market wisdom. An Ethereum OG dumped 10,702 $ETH ($16.86M) at $1,576 again after 2 years of dormancy. He received the $ETH as early as 2016, when the price was just $8. Interestingly, he never sold when $ETH was above $4,000 — but always chose to sell during major dips.… pic.twitter.com/YZrLWT5exF — Lookonchain (@lookonchain) April 10, 2025 Ethereum’s durability through extended slumps implies that numerous holders are maintaining a long-term perspective on the asset, looking for greater valuations. Nonetheless, this most recent broad-based liquidation seems to suggest that a number of investors might be shifting their outlooks, potentially in response to worries about more pronounced downside risks developing in the near term. Ethereum ETFs Face Continued Outflows Amid Market Uncertainty The market sentiment surrounding Ethereum appears to be under pressure. On April 9, a total net outflow of $11.19 million left Ethereum spot ETFs, marking yet another day that they did not enjoy any inflows. Of the nine Ethereum ETFs, none experienced net inflows, which could indicate a lack of institutional confidence in the current Ethereum marketplace. On April 9, Bitcoin spot ETFs saw a total net outflow of $127 million, marking the fifth consecutive day of net outflows. Ethereum spot ETFs recorded a total net outflow of $11.1873 million, with none of the nine ETFs experiencing any net inflows. https://t.co/Hj2Gs49bWa — Wu Blockchain (@WuBlockchain) April 10, 2025 The consistent outflows from Ethereum ETFs could be a sign of institutional interest that is not as strong as it once was—or possibly of market conditions that make institutional interest less likely. The sentiment expressed by ETF investors is being tested by a number of external factors, including regulatory uncertainty, that are affecting the whole market—Bitcoin, for instance, is not doing any better, and is also seeing outflows from its own ETF. Despite this, I’m still kind of optimistic about Ethereum. Currently, these outflows cast a spotlight on the deliberate and prudent path taken by institutional investors. They do not appear to be running back into the arms of the crypto markets yet. And in contrast to retail investors, institutional investors take a lot of time to make decisions. Yet, in their defense, institutional investors command a lot of capital. So their re-entry and exit can make waves in the crypto market. Is This the Right Time to Accumulate Ethereum? As Ethereum nears a support zone that many analysts regard as crucial, the longer-term forecast for the asset remains unclear. Whales have been on the move, transferring large swaths of E T H to various new addresses. The signals from these big holders, however, are far from straightforward. One key long-term holder has recently sold a sizable amount of E T H, dumping it during a market dip instead of at what many would call a more favorable price point near the recent top. Long-term holders throwing in the towel seems to be a potentially ideal situation for contrarian investors to start accumulating. We’ve historically seen that when the widespread fear and uncertainty of a market bottom leads to a sharp recovery, it’s because attractive buying opportunities present themselves at risk-reward ratios that make sense. And right now, if you’re a contrarian investor, the setup seems to be ideal. Long-term #Ethereum $ETH holders have entered "capitulation" mode. For contrarians, this could signal a prime accumulation zone from a risk-reward standpoint. Go to @SimpleFXcom , claim the deposit bonus here: https://t.co/ChoFIwIw4v , and buy the dip! pic.twitter.com/1O2ZpqikWS — Ali (@ali_charts) April 9, 2025 If you’re planning to get into Ethereum but want to do so at a lower price, now might be an opportune moment. The token has been bouncing around a well-defined support level and has offered significantly better returns than the overall crypto space since the middle of June. Still, ample warning signs and indicators suggest that these bounces—and any potential gains realized by retail investors—are likely to be sold into by Ethereum’s large and deep investor base. In the end, the next couple of weeks will be very important in deciding whether Ethereum holds the currently critical support levels or whether a continuing price slide tests the faith of even the most loyal holders. From the perspective of anyone looking at this market over the long haul, the appearance of Ethereum’s cryptographic money in our world is hard to see as anything but a net positive. Its foundational strength, in both the architecture of its underlying blockchain and the well-nigh irresistible decentralized finance (DeFi) applications built upon that blockchain, seems to make it a good bet. At the very least, it should be a doubly good bet when it is available at a price reduced from its previous highs. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bybit launches Crypto Surf: Copy Traders and Bots Battle for 250K USDT
DUBAI, UAE, April 18, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is making waves with its latest trading showdown: Crypto Surf: Ride the Waves with Trailing Stops . This high-octane competition invites traders to rally behind either copy trading or trading bots, battling it out for their share of a prize pool worth up to $250,000 in USDT . Running from April 18 to May 19, 2025, at 12 a.m. UTC, the event introduces a squad-based structure where users choose their camp, trade strategically, and compete across PnL, ROI and trading volume leaderboards. With a dynamic reward structure, participants can also win by predicting which squad will come out on top. Prize Pool Distribution Highlights: 40% to the champion squad 30% to the runner-up 25% to the top 100 individual traders by volume 5% to users who correctly predict the winning squad The event brings together the best of both worlds: the strategic finesse of copy trading and the automated power of trading bots. It celebrates innovation, user choice, and the thrill of crypto trading. Participants must hold a minimum wallet balance of $1,000 in USDT, generate at least $10,000 in squad volume, and complete identity verification Level 1 to qualify. Users can only register for one squad and vote once to predict the winner. Rewards will be distributed within 14 business days of the event’s completion. The total prize pool will scale in line with event volume milestones, starting at $1.2 billion and unlocking up to $2 billion in traded volume for the full $250,000 in USDT. Bybit continues to redefine the competitive trading landscape – bringing fun, strategy and serious rewards to its global community. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube NullTx
Bullish Momentum Returns: Binance Taker Buy/Sell Ratio Signals Crypto Market Shift
Bullish sentiment is returning to the crypto market – at least that`s what a key metric related to major crypto exchange Binance indicates. The metric shows that buyers are beginning to dominate transaction volumes on the platform. We are talking about the so-called Taker Buy Sell Ratio, i.e. the ratio of buys and sells on Binance, which calculates the ratio of buyers and sellers of BTC. According to a CryptoQuant analyst under the nickname DarkFost, the indicator ”has returned to the neutral zone, which indicates a new balance in trading.” When will cryptocurrencies start to rise again? Currently, the aforementioned ratio is 1.008. When the ratio is above 1, it indicates a dominance of buyers, which in turn is usually an indicator of bullish sentiment. If the ratio is below 1, sellers dominate, which indicates a bearish sentiment. Currently, the aforementioned ratio is 1.008. When the ratio is above 1, it indicates a dominance of buyers, which in turn is usually an indicator of bullish sentiment. If the ratio is below 1, sellers dominate, which indicates a bearish sentiment. Today, Bitcoin is trading around 83.8 thousand dollars. Thus over the past 7 days, the value of the major cryptocurrency has risen by 8.5 percent, which does hint at the beginnings of positivity among investors. Here is DarkFrost`s comment on the situation. Over the past few days, the ratio has been mostly positive, indicating a return of bullish sentiment in derivatives trading on Binance. According to CoinGlass, if Bitcoin passes the $85,000 mark, short positions of nearly $637 million will be at risk of liquidation. In turn, these funds will become ”fuel” for the continuation of the bullrun wave. When a short position is liquidated, it is forcibly closed by the exchange, and the trader`s pledged funds are used to purchase assets, which exerts buying pressure and affects the value accordingly. According to Cointelegraph sources, the positive news so far is exclusive to Bitcoin. Still, the so-called altcoin season index from CoinMarketCap is now at 15 out of 100 points, indicating a lack of major interest in other digital assets. Meanwhile, market share for BTC capitalization has increased by nearly 10 percent since the beginning of the year. In general, the market is still in a negative mood. The Fear and Greed Index from Alternative portal analysts has dropped to a level of 29 out of 100 points, indicating ”fear” among traders. This means that Bitcoin fans are in no hurry to open new positions, as they are surely counting on further clarification of the situation with Donald Trump`s tariffs and the economy. So far, experts disagree on the future direction of Bitcoin price movement. For example, Real Vision`s chief crypto analyst Jamie Cootes admits the prospect of a sharp recovery of the former positions of coins. He said: The market may be underestimating how fast Bitcoin is able to grow – perhaps to new all-time highs as early as the end of the second quarter. But Rob Hamilton, head of AnchorWatch, noted on Twitter the reason for the rather low volatility of BTC at the moment. Still, the cryptocurrency has somehow been in a fairly narrow price channel for several weeks now. ”Bitcoin`s price is staying put because there is an epic battle going on right now between those who sell BTC to pay taxes and those who use tax refunds to buy the cryptocurrency.” he said. The deadline for filing tax returns in the US is April 15, 2025. The market is likely to get more upside stimulus after this season is over as investors can get back to work. Why China is selling crypto Meanwhile, local authorities in China are looking for ways to dispose of previously confiscated cryptocurrencies amid a total ban on digital assets in the country. The lack of clear rules on how to handle seized crypto has led to ”uncoordinated and non-transparent approaches.” According to lawyers , this may contribute to corruption. Officials use private companies to sell seized cryptocurrencies on offshore platforms in exchange for cash to supplement government budgets. It is reported that by the end of 2023, local governments owned approximately 15,000 BTC worth $1.4 billion, and coin sales have become an important source of revenue for budgets. In total, China owns about 194 thousand BTC worth about 16 billion dollars. It is the second largest holder of BTC after the United States. Chen Shi, a professor at Zhongnan University of Economics and Law, said the government does not have a clear understanding of how to capitalize on the volume of confiscated cryptocurrencies. Selling for cash is only a ”temporary solution.” In addition, such transactions do not fully comply with China`s current ban on crypto trading. Compounding the problem is the rise of cryptocurrency-related crimes in China, from online fraud to money laundering and illegal gambling. In particular, in 2024, the state filed lawsuits against more than 3,000 people involved in money laundering through cryptocurrency. According to lawyer Guo Zhihao, the central bank is better suited to manage seized digital assets and should either sell them overseas or set up a corresponding crypto reserve. Ru Haiyan, co-CEO of Hong Kong-based crypto exchange HashKey, supported the idea, adding that China should probably replicate the implementation of US President Donald`s Trump idea with a national reserve. Against the backdrop of general market instability, Bitcoin is showing signs of revival: a positive shift in indicators on Binance, a rise in value and investor interest point to a possible continuation of the bullrun. If the selling pressure subsides after the tax season ends, BTC will have a real chance to enter a new round of growth. At the same time, pulling the rest of the market with it. NullTx
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