ETH down 6.7% after crypto âBlack Monday,â showing more resilience than alts
ETH down 6.7% after crypto âBlack Monday,â showing more resilience than alts
Some altcoins lost over 95% of their value during Fridayâs crash, which triggered the most severe and rapid liquidations in crypto history.
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Bitcoin Mining Stocks Plunge as $1.65 Trillion Is Wiped From US Equities
A $1.65 trillion market-wide sell-off on Friday rippled through bitcoin mining equities, erasing tens of millions in value across the top 20 publicly traded firms. The downturn mirrored broader equity losses across U.S. stock markets, highlighting the sectorâs growing sensitivity to macroeconomic pressures and investor sentiment shifts. Global Sell-off Sparks Volatility Across Crypto Mining Equities [âŠ]
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Bitcoin Whale Activity Reflects Sustained Confidence As $163K Comes In Sight â Details
Bitcoin began October on a strong bullish note, gaining by over 12% to establish a new all-time-high price around $126,100. However, the recent days have presented a troubling amount of selling pressure, especially in the last few hours due to tariff threats from the United Statesâ President Donald Trump. Amidst this highly volatile environment, on-chain data has also surfaced, highlighting market whalesâ confidence in the market. Related Reading: Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9, Signaling $130K Target Zone Bitcoin Whales Are Holding Their Ground In a QuickTake post on the CryptoQuant platform, a market analyst with the username PelinayPA revealed that there is very little exchange activity among the Bitcoin whales despite the recent fall in Bitcoinâs price. The premier cryptocurrency initially fell below $120,000 on Friday to find support around $116,000 before US President Donald Trumpâs statement on tariffs forced a flash crash to around $101,000. Notably, PelinayPAâs report was based on the Exchange Whale Ratio (EWR), a Binance metric, which tracks the proportion of BTC inflows to the exchanges originating from the top 10 largest addresses. This metric is useful, as it helps analysts assess if large investors are creating increased sell pressure or easing off on the bearish momentum. A high EWR reading, of values above 0.5, typically indicates high whale inflow to exchanges, either to sell their holdings or exchange for other crypto assets. By extension, increasing exchange activity reflects on price as a boost to its bearish momentum. On the flip side, when the EWR is low, less than 0.3, it usually means that there is low whale activity across exchanges and less of the cryptocurrency is being traded by its top holders. Interestingly, this conjecture is backed by historical occurrences. Before the 2021 bull market top, PelinayPA notes that EWR spikes were indicating that whales were preparing to sell their holdings. Nearing the end of the 2022 bear market, it is also worth noting that EWR levels were sustained beneath 0.3, showing accumulation and preparation for a bullish run. The analyst also pointed to the EWR levels from 2024 to 2025. From 2024, âas Bitcoinâs price climbed above $100,000, EWR stabilized around 0.3 and showed fewer sharp surges,â indicating that whales might have been maintaining their positions rather than selling off their holdings. Currently, the EWR levels still stand at 0.3, amidst recent price drops reflecting the Bitcoin whalesâ holding a âneutral to supportiveâ stance with no indication of heavy scale distribution. Related Reading: Dogecoin (DOGE) Holds Key $0.25 Level as New ETF and Whale Activity Spark Breakout Hopes What Next For Bitcoin? Looking ahead, Bitcoinâs next move will likely hinge on how traders respond to shifting macroeconomic conditions and key technical levels. If the EWR rises toward the 0.5 zone, it could indicate growing distribution pressure, meaning that whales may begin transferring holdings to exchanges in anticipation of a market top. However, if EWR trends lower instead, it would reinforce the current bullish structure, showing that major holders are keeping coins off exchanges and maintaining confidence in the rally. PelinayPA predicts this sustained low EWR would push Bitcoin toward the $163,000 range. Nevertheless, investors may commence profit-taking around $150,000, which represents a psychological resistance. As of press time, Bitcoin is worth $110,517, with a significant loss of nearly 8.36% in value in just 24 hours. Featured image from Pexels, chart from Tradingview
Rezolve Ai Acquires SQD to Power Web3-Driven Enterprise AI
Rezolve Ai, a Nasdaq-listed AI-driven commerce platform, has acquired the blockchain data platform Subsquid (SQD) for an undisclosed amount. Rezolve Ai Builds on the Smartpay Acquisition The Nasdaq-listed artificial intelligence (AI)-driven commerce platform, Rezolve Ai, has acquired the blockchain data platform Subsquid (SQD) for an undisclosed amount. As part of the deal, Subsquidâs token, SQD, [âŠ]
Solana Price Enters Uncertain Phase As Negative Divergence Emerges â Whatâs Next?
Solana has displayed an impressive performance in the crypto market over the past three months, with its price seeing a sharp growth from around $160 to as high as $230. However, recent on-chain data shows a less optimistic picture underneath the surface. Solana Network Activity On The Decline In a Quicktake post on the CryptoQuant [âŠ]
Crypto Market Wipes out $410 Billion in 24 Hours as Altcoins Crash Hard
Over the past 24 hours, the global crypto economy has shed significant value â dropping 7.41% to reach a total market capitalization of $3.74 trillion, a net loss of more than $410 billion since yesterdayâs intraday high. Among the top decliners, DEXE plunged 45.86%, while KAVA and FARTCOIN tumbled 42.68% and 40.49%, respectively. Altcoin Armageddon: [âŠ]