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This has been largely due to macroeconomic instability, aggressive liquidations, and new tariff measures imposed by President Donald Trump. As a result, investors are increasingly moving their capital into more secure assets. As such, following Bitcoin’s sharp double-digit losses, which pushed the price below the crucial $80,000 mark, short-term holders (STHs) are now under increasing strain. In times of heightened volatility, this cohort of BTC holders, who tend to be more sensitive to market fluctuations, are often the first to sell in an effort to minimize losses. Further Downside Risks CryptoQuant’s latest analysis noted that this behavior is reflected in the STH-SOPR (Spent Output Profit Ratio) indicator, which tracks the profitability of short-term holders. When this metric drops below 1.0, it signals that STHs are realizing losses, a phenomenon commonly associated with market capitulation. Analyzing previous corrections in 2024, the crypto analytic platform identified significant STH-SOPR drops, particularly in May, July, and August, which correlated with sharp sell-offs by short-term investors. However, the current STH-SOPR has not yet fallen to these levels, which suggests that while the market has experienced a downturn, short-term holders have not yet fully capitulated. This has sparked concerns about potential further declines if STHs begin to sell off more aggressively. As the market continues to grapple with these conditions, all eyes are on the $78,000 support level, which, as per the analysis, could serve as a crucial threshold for maintaining the current market structure. At the time of this writing, however, BTC is trading below it. Should this support fail, the market could face additional downside pressure. Potential 38.2% Retracement Retest Matrixport’s latest analysis by Markus Thielen pointed out that while Bitcoin has remained relatively resilient, a return to its 38.2% retracement level seems increasingly likely. The $78,000 level, which has been a frequent resistance point, is under greater pressure due to the broader risk-off environment and the wave of liquidations triggered by President Trump’s recent tariff measures. To top that, consumer caution over inflation in the US, along with the Fed’s ongoing policy stance as signaled by Chair Powell, indicates that it could take time before Bitcoin benefits from supportive monetary conditions again. The post Worrying Signs: Is Bitcoin Price About to Plunge Further? appeared first on CryptoPotato .
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Ethereum Whales Scoop Up $60M as ETH Price Tumbles to 2023 Lows
Ethereum whales have seized the opportunity to buy the dip as ETH crashed to its lowest level since 2023. In just 12 hours, these deep-pocketed investors poured about $60 million into the second-largest cryptocurrency by market cap, despite it plunging over 17% in a single day. Whales Dive In as ETH Hits Years Low Data shared by on-chain analytics platform Spot On Chain shows the mysterious group known as “7 Siblings” leading the charge. They spent a hefty $42.66 million to buy 25,100 ETH at an average of $1,700. The group then quickly deposited the full amount into the Aave lending platform, possibly to earn yield or borrow against the assets. Another wallet, identified as “0x709,” borrowed 8.25 million DAI from Spark protocol to snap up 5,227 ETH at around $1,578 each. This whale also received 6,924 ETH from the Railgun privacy platform, with the stash worth about $11 million, raising speculation on their next move. Not to be left behind, a third address, “0x5f1,” deployed $8.13 million in DAI to grab nearly 5,000 ETH at an average price of $1,631. The buying spree marks an opportunistic push from large holders probably betting on a rebound, given that it comes at a time when the price of Ethereum is struggling to recover from one of its worst-ever quarters. It lost more than 45% of its value in the first three months of 2025. Their moves may suggest they see current prices as a long-term bargain , especially with ETH down nearly 56% from a year ago. Market Turbulence and Mixed Sentiment At the time of writing, the asset had dropped 17.1% in 24 hours, dragging its value down to levels not seen since March 2023. Over the past seven days, ETH dipped 16.6%, underperforming the broader crypto market which lost slightly more than 9% in that timeframe. Additionally, against Bitcoin, ETH/BTC has hit its lowest ratio since February 2020, standing at 0.01959. The network is also facing multiple challenges , including declining fee revenue, stiff competition from Solana, especially in the meme coin space, as well as lacklustre institutional interest compared to Bitcoin. It has led some industry observers like Lekker Capital’s Quinn Thompson to sound Ethereum’s death knell, recently describing the asset as “completely dead” as an investment. However, Standard Chartered remains bullish, predicting the crypto asset could hit $10,000 by 2029 despite its current woes. The post Ethereum Whales Scoop Up $60M as ETH Price Tumbles to 2023 Lows appeared first on CryptoPotato . Crypto Potato
Pakistan Appoints Binance Co-Founder Changpeng Zhao as Strategic Advisor to Crypto Council to Boost Digital Finance and Blockchain
Pakistan has appointed Changpeng Zhao, the co-founder and former CEO of Binance, as a strategic advisor to the Pakistan Crypto Council (PCC). This move is aimed at enhancing the country`s digital finance and blockchain technology sectors. The appointment was announced by the finance ministry following Zhao`s meetings with key members of the PCC, including Federal Minister for Finance Muhammad Aurangzeb and CEO Bilal Bin Saqib. Zhao also met with the Pakistani prime minister and deputy PM in Islamabad. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io Crypto Potato
