• Flow Network halted after a $3.9M exploit triggered panic selling.
• South Korean exchanges flagged FLOW, raising delisting concerns.
• FLOW remains below key support, with bearish technical indicators.

The Flow Network is facing one of its most challenging moments following a serious exploit that raised fresh concerns about the network’s security and governance.

As the fallout continues to unfold, the pressure on FLOW has intensified, reflecting growing unease among market participants.

Over the past 24 hours alone, the FLOW price has fallen by roughly 15.25% to around $0.10, extending losses to nearly 39% over the last week.

The Flow exploit

The crisis began on December 27, when attackers exploited a vulnerability in Flow’s execution layer, draining roughly $3.9 million through a series of cross-chain bridges.

Validators responded by halting parts of the network to prevent further losses, pushing the Flow Network into a read-only state.

To contain the incident, the network underwent a chain restart and upgrades tied to the Mainnet-28 protocol.

UPDATE: Protocol Fix Released

The protocol fix addressing today’s exploit has been released. Node operators are now coordinating to deploy the upgrade.

WHAT THIS MEANS FOR NETWORK RESTART

The network will be restored to a checkpoint prior to the exploit. This is necessary to…

— Flow.com (@flow_blockchain) December 27, 2025

 

Several ecosystem participants criticized Flow Network for inadequate communication and warned that halts and rollbacks could create cascading risks for exchanges and users alike.

South Korea exchanges place FLOW on watchlist

As technical concerns mounted, major South Korean exchanges, including Upbit and Bithumb, placed FLOW on investment watchlists, citing the recent security incident and ongoing investigation.

Under South Korea’s Virtual Asset User Protection Act, such a designation can lead to a 60-day review period and potential delisting, weighing heavily on market sentiment, given South Korea’s importance to FLOW trading activity.

Even the possibility of reduced access or liquidity has encouraged traders to exit positions aggressively.

Past precedents involving other tokens under similar reviews have only intensified fears, contributing to the sharp drop in price and the surge in sell-side volume.

FLOW market sentiment turns defensive

Technically, FLOW has broken below several key support levels, including the psychological $0.10 mark.

The selloff pushed the token to a fresh all-time low near $0.097, underscoring the depth of the capitulation.

Momentum indicators paint a bleak picture, with the daily Relative Strength Index (RSI) falling to extreme oversold territory below 13.

Such readings often signal exhaustion among sellers, but they do not guarantee a sustained rebound.

In addition, FLOW remains well below all major exponential moving averages, reflecting a firmly bearish trend.

Trading volume has also weakened on a longer-term basis, suggesting that buyers are reluctant to step in despite historically low prices.

FLOW price prediction amid the uncertainty

The broader technical outlook continues to lean bearish.

Out of a basket of commonly tracked indicators, the majority currently point to further downside risk rather than recovery.

While oversold conditions could spark short-lived bounces, the larger structure remains damaged.

On higher timeframes, the weekly RSI sits in neutral territory, indicating that the downtrend still has room to develop.

From a longer-term perspective, the distance between the current price and meaningful resistance levels highlights the scale of the challenge ahead.

For FLOW to signal a genuine trend reversal, it would need to reclaim lost ground well above current levels, including major moving averages.

Until confidence in network security, governance, and exchange support is restored, such a move appears unlikely.

The recent price slump in Bitcoin, caused by a turbulent cryptocurrency market, has sent many investors into panic mode, forcing them to offload their BTC holdings at a loss.

However, blockchain analytics firm Glassnode noted that a group of Bitcoin investors remained resilient despite the crypto market volatility, saying that long-term holders of the firstborn crypto are unshaken by the current market slump.

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Long-Term Holders ‘Largely Unaffected’

Glassnode said that Bitcoin, like other cryptocurrencies, experienced a shaky week in which traders saw the world’s most dominant digital asset crash below the $100,000 level.

At one point, Bitcoin’s price nearly hit the $90,000 level, at $92,800, on February 3, which was the lowest since BTC recorded $90,890 on January 13.

On the brighter side, the blockchain analytics firm noted that BTC’s long-term holders seem insulated from all the chaos surrounding the cryptocurrency community, saying, “#BTC’s long-term holders (LTHs) remain largely unaffected.”

Glassnode revealed that data showed nearly 0.01% of the supply of these BTC holders was in loss, emphasizing the resiliency of long-term investors in times of market turbulence. However, the crypto firm remarked that these Bitcoin investors experienced a decreasing unrealized profit.

“However, their unrealized profit share has steadily declined since November, now at its lowest since September – suggesting no renewed accumulation yet,” Glassnode said in a post.

The analyst noted that BTC holders are not aggressively buying at current prices, possibly waiting for better market signals before resuming accumulation.

Bitcoin Short-Term Holders Bleed

Meanwhile, data showed that another segment of Bitcoin investors suffered the most from the market crash – short-term holders.

According to Glassnode, short-term BTC holders experienced a significant loss after the crypto’s price slid below the $100,000 level, causing panic among these traders.

#Bitcoin dipped below $100K over the weekend, pushing a notable amount of short-term holder (STH) supply into loss. At $97K, the supply in loss & profit held by STHs was evenly split at ~11% – the largest loss exposure for STHs since early January: https://t.co/Drjy6ahQMm pic.twitter.com/gypNiJ0BqX

— glassnode (@glassnode) February 3, 2025

Glassnode said that when Bitcoin plummeted to $100,000 over the weekend, it pushed “a notable amount of short-term holder (STH) supply into loss.”

“At $97K, the supply in loss & profit held by STHs was evenly split at ~11% – the largest loss exposure for STHs since early January,” the blockchain analytics firm said in an X post.

Bearish Market Sentiment

An analyst noted that Bitcoin briefly dipped so low that it nearly hit $90,000 per coin, as the dominating crypto suffered after the market crash.

“Bitcoin plummeted to as low as $91.2K as all of crypto has dipped with world stock markets starting the week with heavy bleeding. Media outlets seem to be attributing plummeting sectors to ‘Trump’s trade war’,” market intelligence platform Santiment said in a post.

Bitcoin plummeted to as low as $91.2K as all of crypto has dipped with world stock markets starting the week with heavy bleeding. Media outlets seem to be attributing plummeting sectors to ‘Trump’s trade war’.

Whether this is the primary reason or if there are other… pic.twitter.com/ij1bQ6xfUu

— Santiment (@santimentfeed) February 3, 2025

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Santiment added that there have been overwhelmingly negative reactions from investors in the cryptocurrency community as a result of the price decline, and for a moment it seems BTC is about to enter bearish territory.

The market intelligence platform noted that at the moment, Bitcoin was able to pull back to $96,000.

“Was this flush orchestrated to get trigger-happy retail traders to sell at a local bottom? Historically, markets virtually always move the opposite direction of the crowd’s expectations,” Santiment asked in a post.

Featured image from Pexels, chart from TradingView

Bitcoin open interest crashed by billions in one weekend, painting a bearish outlook for the flagship crypto and spells doom for BTC bulls. Despite this setback, crypto analysts have provided some optimism with their analysis, which hints at a bullish reversal soon enough. 

Bitcoin’s Open Interest Crashes By $4.5 Billion Over The Weekend

Coinglass data shows that Bitcoin’s open interest crashed by $4.5 billion over the weekend, dropping from $65 billion to $61.5 billion. This came following the liquidations that occurred due to the BTC price crash. Further data from Coinglass shows that over $2 billion has been wiped out from the Bitcoin market in the last 24 hours. 

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Bitcoin bulls took the most hit, as $1.88 billion in long positions was liquidated during this period, leading to a crash in BTC’s open interest. This paints a bearish outlook for the flagship crypto and puts the bulls in danger as the bears look to be firmly in control. For context, Bitcoin dropped from above $100,000 to as low as $92,000 over the weekend. 

This Bitcoin price crash occurred after US President Donald Trump announced a 25% tariff on imports from Mexico and Canada and a 10% tariff on goods from China. Mexico and Canada have retaliated by imposing tariffs on goods from the US, while China has also hinted about imposing a tariff on US goods. 

Bitcoin’s open interest looks unlikely to recover in the short term as market participants could choose to stay out of the market due to economic uncertainty. This occurrence spells doom for Bitcoin bulls as the flagship crypto could drop lower if there are no buyers to defend BTC at these levels. 

Some Positive For Bitcoin Amid Open Interest Crash 

In an X post, crypto analyst Ali Martinez revealed that 65.75% of Binance traders with open Bitcoin futures positions are betting on the upside. This is bullish for the BTC price as these traders have a track record of being right most of the time. As such, the flagship crypto could rebound from its current price level. 

In an X post, crypto analyst Titan of Crypto stated that the broader trend for the Bitcoin price is still upward. This came as he revealed that BTC is establishing a new range between $104,400 and $93,600. The crypto analyst remarked that the short-term direction remains uncertain until this range breaks. However, in the long term, Titan of Crypto is confident that the broader trend is still upward. 

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Meanwhile, renowned author and finance expert Robert Kiyosaki suggested that this wasn’t a time to panic as this was an opportunity to buy Bitcoin on sale before it rallies further to the upside. 

At the time of writing, the Bitcoin price is trading at around $94,000, down over 6% in the last 24 hours, according to data from CoinMarketCap.

Featured image from iStock, chart from Tradingview.com

• Bonk token launched on December 25, 2022

• The cryptocurrency rose by four-digit percentages after the launch

• BONK price has cooled and trades on a descent and could claim lower levels

Crypto has always treated its fans with twists, turns, and surprises. The crypto community loves it this way, for it becomes a time to make quick bucks as the rest of the market sleeps. In 2022, we were treated to a wild launch of the ApeCoin. Before the dust settled, Optimism airdrop came with a thud! The year couldn’t end in a better way for crypto fans than it did with the Bonk token (BONK/USD).

If you are a fan of meme tokens, then BONK does not miss your watchlist after a heroic entry into the crypto space. Launched on December 25, 2022, BONK has been a sensation, jumping by four digits percentage in price. The token also dominated social trading platforms. Analysts credited the popularity of the newly dog-themed token to the Solana community. The former is based on the Solana network.

Nonetheless, if history is indeed a good teacher, then we should learn that the gains may not last forever. We have seen highly hyped launches boosting token prices, only for them to crash thereafter. BONK may not be an exception. As of press time, the meme cryptocurrency had lost at least 50% of its value from its all-time high. Typical of the phrase, if you didn’t board early, don’t do it now. Technical pointers show BONK could fall further.

BONK on a decline as price finds minor support

BONK/USDT Chart by TradingView

From the 4-hour chart outlook, BONK trades nervously at a support zone. The highs to the upside have been lower, coinciding with a declining price. Buy-side volumes have improved slightly at the support, but not sufficient to boost BONK’s price.

BONK price prediction

As the hype around the BONK launch dies, the price could continue falling. Investors may look at BONK as an overvalued asset. Profit-taking and panic selling may also be at play and force a bearish breakout. 

Where to buy BONK