updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Oil markets surged today as the U.S.-Iran War disrupted energy routes across the Middle East, pushing U.S. crude above $78 per barrel for the first time since January 2025. The spike came as tanker traffic through the Strait of Hormuz collapsed, while Bitcoin and gold both slipped during volatile trading. U.S.-Iran War Disrupts Supply As
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Ethereum is struggling to maintain a convincing bullish narrative as market conditions continue to deteriorate and a growing number of analysts begin to call for a broader bear market. After months of heightened volatility and repeated corrective phases, price action alone has failed to restore confidence, leaving participants increasingly cautious.
This hesitation is now being reflected clearly in on-chain data, reinforcing the idea that the current weakness is not purely technical, but structural.
According to a recent CryptoQuant report, Ethereum’s network activity has dropped to levels that strongly suggest a withdrawal of retail participation. Active sending addresses have fallen toward the 170,000 mark, a threshold historically associated with reduced engagement from smaller investors. In past cycles, retail activity typically expands during bullish phases as new participants enter the market, then contracts sharply once confidence fades and price momentum weakens.
Prolonged volatility and corrective price action have likely eroded Ethereum’s short-term conviction, pushing retail participants either to the sidelines or out of the market entirely. This absence matters. Retail flow often plays a critical role in sustaining momentum during recoveries, and without it, upside moves tend to stall quickly.
According to CryptoOnchain’s analysis, Ethereum’s sharply depressed on-chain activity aligns with a classic phase of seller exhaustion rather than active capitulation. In this regime, selling pressure gradually diminishes as participants willing to exit have largely done so, yet fresh demand has not meaningfully returned. The result is a fragile equilibrium where price may stabilize, but upside remains limited in the absence of new buyers.
The lack of retail participation plays a central role in this dynamic. Retail flow typically provides the initial momentum during early rebounds, amplifying price moves once confidence begins to recover. With active sending addresses at one-year lows, that catalyst is currently missing, which helps explain why upside attempts have been shallow and short-lived.
However, this same environment has historically attracted larger, long-term participants. Institutional and high-conviction holders often accumulate during periods of low activity, when liquidity is thin, and sentiment is decisively negative.
Importantly, a credible recovery signal would not emerge from price action alone. CryptoOnchain emphasizes that a sustainable shift would require a gradual rebound in active sending addresses alongside price stabilization.
That combination would point to returning demand and improving network utilization. Conversely, continued stagnation or further declines in address activity would increase the risk of Ethereum entering a deeper consolidation or even a demand-destruction phase.
While current conditions highlight clear short-term weakness and retail disengagement, similar on-chain setups have historically formed near structural bottoms, creating the potential for medium-term trend shifts if activity begins to recover.
Ethereum’s price action on the 3-day chart reflects a market caught between structural support and persistent bearish pressure. After failing to hold above the $3,200–$3,300 region, ETH has rolled over and is now consolidating near the $2,850 area, a zone that aligns closely with the 200-day moving average. This level has historically acted as a medium-term inflection point, making it critical for bulls to defend in order to avoid a deeper trend shift.
The recent rejection from the $4,000–$4,800 highs marks a clear lower high within the broader structure, reinforcing the idea that momentum has weakened since late 2025. While price briefly reclaimed the 100-day moving average during the mid-year rebound, it failed to sustain acceptance above it, and ETH has since slipped back below the shorter-term averages. This suggests that rallies are still being sold into rather than accumulated aggressively.
Price action aligns with a market transitioning into consolidation rather than immediate capitulation. If ETH loses the $2,800–$2,750 support zone decisively, downside risk opens toward the $2,400 region, where the long-term trend support converges.
Conversely, any bullish recovery would require ETH to stabilize above the 200-day moving average and reclaim the $3,200 level with expanding volume. Until then, the chart favors a cautious, range-bound outlook with downside risks still present.
Featured image from ChatGPT, chart from TradingView.com
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Many had speculated that the rally in the crypto market was going to wane following the Spot Bitcoin ETF rumors fading out. That hasn’t been the case, though, and a recent revelation from a prominent crypto analyst suggests that the two largest cryptocurrencies by market cap, Bitcoin and Ethereum, could continue to see an upward trend.
In a post shared on his X (formerly Twitter) platform, Crypto analyst Ali Martinez revealed that the crypto market has seen close to $10.97 billion in positive capital inflows, which represents the highest level this year. According to him, this inflow of capital into crypto could potentially mean that investors are heavily bullish on these assets.
Source: X
Meanwhile, there is also further evidence that the market, most especially Bitcoin, could see an influx of new money in the coming days, as Martinez mentioned in a subsequent post that over 700,000 new BTC addresses were created on November 4. The analyst believes that such a happening is an important milestone as Bitcoin’s network growth is one of the best price predictors.
Source: X
It is uncertain what could be behind these inflows and the revived interest in the crypto market. However, some believe that it could be institutional investors who are taking positions ahead of a possible approval of the pending Spot Bitcoin ETF applications by the Securities and Exchange Commission.
Others believe that the Bitcoin Halving could be contributing to the resurgence in Bitcoin’s price and the crypto market by extension. Historically, Bitcoin has seen significant gains in the period leading up to the Halving event. The next Halving is expected to happen in April 2024.
Whatever the reason, there is no doubt the influx of new money into the ecosystem is a positive development. A particular crypto analyst had once noted that many altcoins were tepid due to the lack of liquidity in the market and that they could pick up once there is renewed interest in the market.
According to a Bloomberg report, Hong Kong’s financial regulator, the Securities and Financial Commission (SFC), is considering allowing the launch of exchange-traded funds (ETFs) that allow investors to invest directly in the cryptocurrency itself (Spot trading).
This development comes amid the US SEC’s reluctance to approve the pending Spot Bitcoin ETF applications, which would allow US investors to have direct exposure to the flagship cryptocurrency, Bitcoin.
This further highlights the stark contrast between the treatment that the crypto industry has received overseas and in the United States. The positive approach taken by regulators overseas is, however, commendable as the crypto industry continues to see interest from such regions.
BTC bulls try to reclaim $35,000 | Source: BTCUSD on Tradingview.com
Featured image from iStock, chart from Tradingview.com
Although Saudi Arabia and other OPEC players have likely decided to extend their oil production cuts by the end of the year, analysts believe that this won’t last long.
Oil prices experienced a significant surge to their highest level in more than a year during the Asian trading session on Thursday, September 28. This uptick was due to a substantial decline in crude stocks at a crucial storage hub, reaching their lowest point since July of the previous year.
Specifically, crude inventories in Cushing, Oklahoma, dwindled to 22 million barrels in the fourth week of September. This quantity is perilously close to the operational minimum threshold and represents a decline of 943,000 barrels in comparison to the prior week.
In response to these developments, US West Texas Intermediate (WTI) futures reached $95.03 per barrel during the Asian trading hours, marking the highest price level observed since August 2022. As of the latest trading data, WTI was at $94.61 per barrel. Meanwhile, the global benchmark Brent crude increased by 1.05% to reach $97.56 per barrel.
Speaking to CNBC, Bart Melek, managing director of TD Securities, said:
“Today’s price action seems to be Cushing driven, as it reaches a 22 million bbl low, the lowest level since July 2022.”
Should these inventory levels persist below the current threshold, the process of distributing crude into the market could become significantly challenging, said Malek.
His projection anticipates that oil prices will persist at elevated levels throughout the remainder of the year. Furthermore, there exists an upside risk in the scenario where the global oil consortium OPEC+ continues to maintain stringent supply controls.
Malek said:
“We do think that prices could keep up near these levels for quite some time. But I don’t think it’s too permanent. And we might have seen the end of this rally.”
Furthermore, Russia has committed to prolong its export reduction by 300,000 barrels per day until the conclusion of December.
Malek also emphasized that refinery throughputs are expected to decrease in the upcoming months as the refinery maintenance season approaches. Refinery crude throughput signifies the quantity of crude oil that a refinery can process within a specified timeframe.
“We do think that prices could keep up near these levels for quite some time. But I don’t think it’s too permanent. And we might have seen the end of this rally,” said Malek. It would not align with OPEC’s interests if prices were to surge significantly into the triple-digit. This could potentially lead to long-term demand reduction, as Malek emphasized.
There have been predictions of oil reaching $100 per barrel in recent days. Goldman Sachs, for instance, increased its 12-month Brent forecast from $93 per barrel to $100 due to “modestly sharper inventory draws”, as stated in a note dated September 20.
The Goldman report further suggested that OPEC could likely maintain Brent within a range of $80 to $105 in 2024, citing robust demand growth in the Asian region.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
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Over the last couple of weeks, the Bitcoin open interest had been on a downtrend that sent it toward one-year lows. However, with the Grayscale victory against the SEC coming on Tuesday, August 29, and sending a positive wave across the entire region, open interest in the digital asset has begun to surge once more.
On-chain data tracking platform Kaiko reported on Tuesday, August 29, that the Bitcoin open interest had been on the decline for a while. In the chart shared by the tracker, it is obvious that this BTC metric had previously fallen significantly since 2022.
#BTC open interest continued declining last week after the Aug 17 sell-off, hitting its lowest level since the collapse of Terra in May 2022.
pic.twitter.com/M5L07ReabY
— Kaiko (@KaikoData) August 29, 2023
As August drew to a close, the open interest in the digital asset eventually declined to levels not seen since the Terra network collapse back in May 2022. This suggested that it could be a good chance to get into Bitcoin and it would be proven true not too long after.
On the same day, news broke that Grayscale had triumphed over the United States Securities and Exchange Commission (SEC) in court over its bid for its Spot Bitcoin ETF filing to be reconsidered. This triggered a rapid uptrend in the price of the digital asset and the open interest followed suit.
According to data from Coinglass, the Bitcoin open interest is seeing double-digit growth on some exchanges already. The open interest on the dYdX exchange is up over 35%, and the cumulative open interest across all exchanges is now in the green, rising 9.55% in the last 24 hours.
Open interest recovers following Grayscale win | Source: Coinglass
For now, the price of Bitcoin is still purely driven by the hype from the Grayscale victory. This means that there is no telling how long the uptrend will last and when it will start correcting downward. However, as long as investors remain optimistic about the victory, BTC will continue to enjoy green days.
As for open interest, a recovery isn’t always a good thing as it opens up an avenue for shorters to enter the market. For example, a look at Keiko’s chart shows open interest was high leading up to the FTX collapse in 2022. Then in early 2023 when the price of Bitcoin was rallying, open interest fell before picking up steam once more.
For now, BTC is still enjoying the spike in attention. The price of the cryptocurrency is up 5.35% in the last 24 hours to trade at $27,349.
BTC retraces after touching $28,000 | Source: BTCUSD on Tradingview.com
On Monday, May 22, Bitcoin (BTC) and the broader cryptocurrency market gave a mild bounceback despite some negative sentiment in the market. As of press time, Bitcoin (BTC) is trading 2.72% up at a price of $27,382 and a market cap of $530 billion.
Other altcoins like Ethereum (ETH) and the top ten have also gained anywhere between 3-4% over the last 24 hours. However, investors still need to maintain caution as weekly trading volumes for some of the top digital assets have dropped to historically low levels. On-chain data provider Santiment reported:
The largest assets in #crypto are seeing historically low levels of weekly trading volume. #Altcoin volume, in particular, has really dried up. When combining just $BTC & $ETH volume, this is the 2nd lowest threshold we are seeing since September, 2019.
Thus, it will be interesting to see whether Bitcoin and other altcoins will continue the rally. For the Bitcoin price to confirm the bullish momentum going ahead, it must give a closing above $27,640 levels.
To confirm a bullish breakout, you want #Bitcoin to print and sustain a 4-hour candlestick close above $27,640! https://t.co/FP1Nd75Bfb
— Ali (@ali_charts) May 23, 2023
After a strong rally earlier this year, crypto assets have once again come under selling pressure. Bitcoin has faced multiple rejections at $30,000 over the last few weeks.
Last week saw the fifth consecutive week of outflows from the crypto market. A total of USD 32 million flew out of cryptocurrency investment products. Crypto analytics firm CoinShares reported:
Volumes totalled US$900m for the week, 40% below this year’s average. Volumes for the broader market on trusted exchanges hit their lowest level since late-2020 at US$20bn for the week.
The total outflows of USD 33 million (last week) from Bitcoin investment products represent the most negative sentiment as over the last five weeks. The combined outflows in the BTC investment products over the last five weeks stand at US$235m.
There could be multiple reasons behind the current negative market sentiment. One could be the concerns over the US defaulting on its debt. JPMorgan chief Jamie Dimon recently said that there could be a major crash in the market if the debt talks go wrong.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Bitcoin continues to consolidate around $16,700 after weathering recent sell-off pressure. Bears remain very much in the picture, given last week’s jump to above $18,000 and then the sharp fall to current levels.
But there’s an opportunity in the midst of all the contagion – and that is what Bitcoiners are capitalizing on.
According to the on-chain and exchange flows monitoring platform Glassnode, sharks and whales have aggressively added to their overall holdings in the past few days.
Indeed, as the flagship cryptocurrency’s price hovers above its notable base on Monday, on-chain alerts for BTC indicate that addresses with 100+ bitcoins now hold the most coins since last December. Per the data, large accounts with at least $1,670,000 worth of BTC as of 19 December 2022 had jumped to 16,120.
This is a new all-time high, with the last 1-year high being 16,106 addresses recorded on 23 December 2021.
Bitcoin addressed holding 100 or more BTC reach one year high. Source: Glassnode
As large investors scoop Bitcoin on the cheap, the number of hodlers (people who buy Bitcoin and hold onto their assets long term regardless of market conditions) has also increased. As CoinJournal recently reported, whales have been busy, buying over $726 million worth of BTC despite the FTX contagion.
The latest data on this metric shows that the amount of BTC supply last active 2+ years has 46.3%, a 22-month high. According to Glassnode, 7.5 million BTC was being HODLed (the metric also counts lost coins) as Monday 19, December 2022. The last time the measure of hodled or lost BTC was this high was in January 2021.
Meanwhile, the number of coins last active 1-3 months is now more than 1,603,380 bitcoins. The moving average translates to a 3-month high for the number of coins that have not moved for the last 30 to 90 days.
The number of daily transactions on the Dogecoin DOGE/USD blockchain surged to a one-year high of 74,986 on Sunday.
What Happened: According to blockchain data from BitInfoCharts shared by Dogecoin creator Billy Markus on Twitter, the number of DOGE transactions saw a massive spike on July 17.
nice, the dogecoin blockchain transactions are spiking pic.twitter.com/P6jaf4cwhF
— Shibetoshi Nakamoto (@BillyM2k) July 17, 2022
Some users attributed the sudden increase in daily DOGE transactions to the integration of posting memes on the self-custodian MyDoge wallet.
MyDoge welcomes memes to the dogeverse!
Come for the memes, stay for the shibes! pic.twitter.com/cljwqVJM3s
— MyDoge Wallet (@MyDogeOfficial) July 17, 2022
I experienced the same thing. My notifications gone crazy since yesterday and I saw some great memes as the same time I was wondering if I should disable my notifications
— Hugo⁷⁹ (@LeonisCatulus13) July 17, 2022
Users began sending DOGE tips to others who had posted memes using the wallet.
The surge in DOGE transactions was not just centered around small-scale activity from retail traders.
Data from IntoTheBlock shows that DOGE saw a 21% increase in large transactions in the last day, while other cryptocurrencies, including BitcoinBTC/USD and EthereumETH/USD recorded declines over the same period. Over the last 24 hours, the Dogecoin blockchain saw 183 “large transactions” with a minimum value of $100,000.
Price Action: According to data from Benzinga Pro, at press time, DOGE was trading at $0.066, up 1.79% over the last 24 hours.
In a surprise recovery, the world’s largest cryptocurrency Bitcoin (BTC) managed to give a successful weekly closing above $30,000. This was the first-ever positive close by Bitcoin over the last ten weeks.
As of press time, Bitcoin is trading 4.32% up at a price of $31,096 and a market cap of $589 billion. On-chain data provider Santiment notes that the total whale holdings by Bitcoin have touched their one-month high. It states:
The mega whale addresses of Bitcoin, comprised partially of exchange addresses, own their highest supply of $BTC in a year. We often analyze the 100 to 10k $BTC addresses for alpha, but accumulation from this high tier can still be a promising sign.
Currently, there’s been an intense battle going on between the Bitcoin bulls and the bears over the last week. As a result, the BTC price has been fluctuating below and above the $30,000 level. In a note to clients last Friday, Katie Stockton, co-founder of Fairlead Strategies, said:
“Bitcoin has stabilized over the past few weeks on improved short-term momentum. A short-term counter-trend buying signal was logged by Tom DeMark’s TD Sequential model, increasing the probability of a more pronounced oversold bounce. We assume the 50-day moving average will provide resistance.”
Bitcoin has been strongly following the momentum in the U.S. equity market. Furthermore, the major uncertainty in the global macro scenario is also weighing on the crypto market.
For the last month, several miners started selling their Bitcoins even at these lows, in order to cover the cost of operations. This includes big mining companies as well as small miners.
Small-scale miner Cathedra Bitcoin Inc. had to sell almost all of its holdings to maintain its mining operation. Cathedra Chief Executive Officer AJ Scalia said:
“We have spent the last several weeks restructuring our balance sheet and operations to ensure Cathedra is well-positioned to endure a prolonged economic downturn”.
Many have been predicting a major economic downturn in the U.S. over the next 12-18 months. In this case, BTC can go crushing under $25,000 and even more.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
