cryptocurrency 5 - The Latremie Post

DTCC Lists Nine XRP ETFs as Countdown to Potential Launch Begins

The Depository Trust & Clearing Corporation (DTCC) has recently listed nine XRP ETFs on its platform, signaling potential new trading opportunities for investors. These nine products include a mix of spot-based and futures-based strategies, filed between October 2024 and June 2025. The listings suggest that several XRP ETFs could begin trading as early as November 13, pending final regulatory approval.

### What Does a DTCC Listing Mean?

When an ETF appears on the DTCC site, it means the fund has completed initial registration steps and is prepared for market settlement once regulatory approval is granted. However, it’s important to note that a DTCC listing does not confirm that trading has already started.

### Futures-Based XRP ETFs Already Trading

Currently, four XRP ETFs that utilize futures contracts to track the token’s price movements are actively trading in the market. Examples include the ProRP ETF. These futures-based funds offer daily leverage ranging from one to two times the price movement of XRP. Instead of holding actual XRP tokens, these ETFs gain exposure through derivatives contracts.

In addition, the REX-Osprey XRP ETF, launched in September, operates as a hybrid product with approximately 80% spot exposure. This fund functions under the regulatory framework of the 1940 Act, allowing it to trade while pure spot XRP ETFs await final SEC approval.

### Spot-Based XRP ETFs Awaiting SEC Approval

Five XRP ETFs focusing on direct spot exposure—meaning they hold actual XRP tokens—are still under review by the Securities and Exchange Commission (SEC). Among these is the spot component of the 21-Osprey ETF. Progress on these applications stalled following the U.S. government shutdown on October 1, which delayed the review of more than 16 altcoin ETF filings, including those involving XRP, Solana, Dogecoin, and Cardano.

### Renewed Optimism for Spot XRP ETFs

Recent developments have boosted optimism for the approval of spot XRP ETFs. Canary Capital has removed a delaying amendment from its filing, setting an automatic effective date of November 13, pending the Nasdaq’s clearance of the ticker symbol.

Both Fidelity and Canary Capital have filed final S-1 updates for their altcoin ETF applications, aligning with this same November 13 target date. If the SEC approves these submissions, several spot XRP ETFs are expected to start trading on or around that date.

### Broader Progress in the Altcoin ETF Market

Despite earlier delays, the altcoin ETF market has seen notable progress recently. On October 28, Canary Capital launched the first U.S. spot Litecoin ETF, while Bitwise rolled out its spot Solana ETF under new generic listing standards on the same day. Grayscale’s Solana ETF followed with a launch on October 29.

These developments demonstrate that the SEC has resumed processing applications for altcoin ETFs, signaling potential momentum for the approval of XRP ETFs and other pending cryptocurrency products before the end of November.

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Investors interested in XRP ETFs should keep an eye on regulatory updates and market announcements as November 13 approaches, which could mark a significant expansion in options for crypto-based exchange-traded funds.
https://coincentral.com/dtcc-lists-nine-xrp-etfs-as-countdown-to-potential-launch-begins/

SOL Price Plunges to $158 as BSOL ETF Fails to Spark Rally

**Solana Price Crashes to $158 Following Breakdown from Symmetrical Triangle Pattern**

Solana (SOL) has experienced a sharp price decline, dropping to $158 after breaking down from a critical symmetrical triangle pattern that traders had closely monitored. This breakdown marked a clear shift in market momentum following weeks of consolidation and typically signals the start of a strong directional move.

The price fell below a crucial support zone between $178 and $180, a level that combined horizontal support with the 0.382 Fibonacci retracement and the 21 exponential moving average (EMA). This breach led to the formation of a lower low at $158, confirming strong bearish momentum.

### Technical Indicators Signal Mixed Outlook

Technical analysis presents a mixed picture for Solana’s next move. The Bollinger Band Width Percentile spiked on the four-hour chart, indicating heightened volatility. However, the daily reading stands at 65%, suggesting room for further price movement as the market searches for direction.

### Bitwise’s BSOL ETF Launch Drives Market Attention

On October 28, Bitwise introduced its BSOL ETF, a staking-enabled investment product for Solana. The fund gained significant traction, accumulating $400 million in assets under management within its first week—a figure surpassing Rex-Osprey’s SSK ETF, which holds $370 million.

Despite this strong interest in the BSOL ETF, the fund launch did not prevent the steep price decline in SOL. Market participants remain watchful, anticipating whether continued fund inflows might offer the buying pressure necessary to reverse the downtrend.

### Solana Tests Critical Support Zone Between $155 and $165

Currently, Solana’s price is testing an important historical demand zone between $155 and $165. This area has previously attracted strong buying interest during corrective phases and is now under scrutiny as traders evaluate whether accumulation will occur.

The $155 level represents the next significant support. If this zone fails to hold, Solana’s price could extend losses toward the $130 to $140 range — levels that mark deeper retracements from recent rallies.

### Market Outlook and Potential Recovery Catalysts

Volatility indicators hint that the market may be approaching an exhaustion point, potentially setting the stage for a short-term relief bounce as momentum indicators reach extreme values. However, daily timeframe signals suggest there is still room for further movement.

A key factor in any potential recovery will be continued inflows into the BSOL ETF. If institutional interest and fund flows increase, these could provide critical buying pressure to stabilize or even lift Solana’s price.

For now, market structure and sentiment hinge on whether the current support levels near $155 hold firm, determining if Solana will rebound or face continued declines.

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*Stay tuned for further updates on Solana’s price action and market developments.*
https://coincentral.com/sol-price-plunges-to-158-as-bsol-etf-fails-to-spark-rally/

Bitcoin’s November sell-off worsens as investors take risk off on worries about the AI trade

Bitcoin fell victim to a risk-off mood on Tuesday, as investors dumped the cryptocurrency amid growing concerns about the sustainability of AI stock values.

Bitcoin was last trading at $103,952, down 2.5% on the day and around 6% over the past two days. Ether, the second-largest cryptocurrency by market capitalization, also saw declines, shedding 2.5% on Tuesday and losing more than 10% over two days to trade at $3,503.

Although Bitcoin’s safe-haven status has strengthened recently, the token shares many of the same large investors as artificial intelligence stocks. This overlap links the two trades, causing both to decline when one falters.

Nasdaq futures were down 1.5% on Tuesday, with investors selling AI-linked Palantir amid concerns about its sky-high valuation, despite the company posting solid earnings results.

Compass Point analyst Ed Engel also noted that retail investors may not be buying the dip as actively as before. “While selling from long-term holders is a common feature in bull markets, retail spot buyers have been less engaged than prior cycles,” he said in a note.
https://www.cnbc.com/2025/11/04/bitcoins-november-sell-off-worsens-as-investors-take-risk-off-on-worries-about-the-ai-trade-.html

Polkadot System Chains Upgrade Passes as DOT Tests Lower Bollinger Band Support at $2.88

**Polkadot (DOT) Price Analysis and Market Update**

**Quick Take**
– DOT trading at $2.88, down 2.7% in the last 24 hours
– Unanimous system chains upgrade referendum signals strong community backing
– Price currently testing lower Bollinger Band support at $2.83
– Follows Bitcoin’s weakness amid broader risk-off market sentiment

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### Market Events Driving Polkadot Price Movement

This week’s most significant development for Polkadot was the unanimous passage of a referendum to upgrade all system chains and schedule the Asset Hub Migration. This technical advancement highlights robust community consensus and positions the network for enhanced functionality. Despite the current price weakness, this provides a positive fundamental backdrop for DOT.

Polkadot is also set to participate in Hong Kong Fintech Week from November 3-7. This event adds a further layer of institutional exposure, showcasing the network’s interoperability solutions to a global audience, which may prove beneficial for Polkadot’s medium-term outlook.

Conversely, the failure of the Staking Dashboard funding referendum reflects some community friction over resource allocation. However, this had minimal impact on the market.

In the absence of significant breaking news catalysts, DOT’s price action is primarily influenced by technical factors and broader cryptocurrency market sentiment. The token currently faces selling pressure, tracking Bitcoin and other major cryptocurrencies as risk-off sentiment dominates trading decisions.

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### DOT Technical Analysis: Testing Critical Support Zone

**Price Action Context**
DOT price currently sits below all major moving averages, trading at $2.88 compared to the 20-day SMA at $3.01 and the 50-day SMA at $3.59. This positioning signals sustained bearish pressure, with the token down approximately 26% from its 52-week high of $5.31.

The price movement indicates that Polkadot is closely following Bitcoin’s weakness rather than exhibiting independent strength. Trading volume on Binance’s spot market reached $14.4 million over 24 hours, reflecting moderate institutional interest but lacking the momentum needed to trigger a sustained reversal.

**Key Technical Indicators**
– The Relative Strength Index (RSI) stands at 38.18, in neutral territory but approaching oversold conditions, which could signal potential for a technical bounce.
– The MACD histogram shows a slight bullish divergence at 0.0218, suggesting weakening selling pressure despite the overall negative MACD value of -0.1722.
– Most importantly, the %B indicator at 0.1532 shows DOT price near the lower Bollinger Band at $2.83, a level that has historically provided support in previous corrections.

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### Critical Price Levels for Polkadot Traders

**Immediate Levels (Next 24-48 Hours):**
– **Resistance:** $3.01 (20-day moving average and psychological resistance)
– **Support:** $2.83 (lower Bollinger Band and recent 24-hour low)

**Potential Breakout/Breakdown Scenarios:**
– A break below the $2.83 support level could trigger further selling pressure, pushing the price toward the next major support zone at $2.77. Note that the 52-week low at $2.87 was recently breached.
– Conversely, a successful defense at $2.83 and a move above the $3.01 resistance could open the door for a rally toward the immediate resistance at $3.34.

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### DOT Correlation Analysis

– **Bitcoin:** DOT’s price movements are closely correlated with Bitcoin’s bearish momentum, with both assets experiencing similar percentage declines in recent sessions.
– **Traditional Markets:** Risk-off sentiment spilling over from equity markets appears to be weighing on cryptocurrencies broadly.
– **Sector Peers:** Polkadot is currently underperforming some layer-1 competitors, indicating there may be specific selling pressure beyond the general market weakness.

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### Trading Outlook: Polkadot Near-Term Prospects

**Bullish Case:**
If DOT can successfully defend the $2.83 lower Bollinger Band support, combined with positive momentum stemming from exposure during Hong Kong Fintech Week, a technical bounce toward $3.01 resistance is possible. Additionally, the unanimous referendum passage provides a supportive fundamental outlook for the medium-term.

**Bearish Case:**
Failure to hold current support levels amid continued Bitcoin weakness could see further declines toward the strong support zone around $2.77. Broader cryptocurrency market sentiment remains fragile, increasing the risk of additional downside.

**Risk Management:**
Traders are advised to consider tight stop-losses below $2.80, given the proximity to critical support. The daily Average True Range (ATR) of $0.23 suggests that position sizing should account for potential daily price swings of approximately 8% in either direction.

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*Stay updated with the latest developments as Polkadot navigates a challenging market environment supported by strong community fundamentals.*
https://bitcoinethereumnews.com/tech/polkadot-system-chains-upgrade-passes-as-dot-tests-lower-bollinger-band-support-at-2-88/?utm_source=rss&utm_medium=rss&utm_campaign=polkadot-system-chains-upgrade-passes-as-dot-tests-lower-bollinger-band-support-at-2-88

Iran’s Bitcoin Mining Industry: Inside the World’s Fifth-Largest Operation Amid Sanctions and Energy Crisis

**Iran’s Crypto Boom Pushes Fragile Power Grid to the Breaking Point**

With 95% of mining operations running illegally and consuming enough power to light up entire cities, Iran’s cryptocurrency boom is placing significant strain on an already fragile power grid.

### A Nation Turning to Digital Currency

Iran’s interest in cryptocurrency exploded after 2017 when international sanctions cut off access to global banking systems. Unable to use traditional financial channels, the country turned to Bitcoin and other digital currencies as a way to bypass restrictions.

Today, Iran controls about 4.2% of the global Bitcoin mining power, ranking fifth worldwide behind the United States, Kazakhstan, Russia, and Canada. Although this is a drop from 7.5% in March 2021, it still represents a substantial mining operation.

The appeal is clear: electricity in Iran costs between $0.01 and $0.05 per kilowatt-hour, making it incredibly cheap to mine Bitcoin. With costs as low as $1,300 to mine one Bitcoin—which can sell for over $100,000—the profit margins are enormous.

Around 22% of Iran’s population now uses or owns cryptocurrency, totaling an estimated 10 million users. For many Iranians facing severe inflation—the rial lost 37% of its value against the dollar in 2024 alone—crypto offers a way to protect savings from collapse.

### The Illegal Mining Problem

Iranian officials report approximately 427,000 active crypto mining devices operating across the country. Shockingly, about 95% of these are illegal and run without proper authorization.

These underground operations consume roughly 2,000 megawatts of electricity—equivalent to the output of two nuclear reactors. Energy officials say crypto mining now accounts for 15-20% of the country’s electricity shortages.

Illegal miners hide their operations everywhere: abandoned homes, rural farms, underground tunnels, and even industrial facilities disguised as legitimate businesses.

During an internet outage related to conflict with Israel, power consumption dropped by 2,400 megawatts when over 900,000 illegal mining devices shut down, revealing the true scale of the problem.

Licensed miners face high electricity tariffs, making legal operations unprofitable and pushing most miners underground. Meanwhile, many operations linked to Iran’s Islamic Revolutionary Guard Corps (IRGC) reportedly use electricity for free, further straining the power grid.

In Tehran Province alone, authorities have dismantled 104 illegal mining farms and seized 1,465 machines—enough to power nearly 10,000 households. Across the country, over 250,000 illegal devices have been confiscated.

To combat the issue, the government now pays citizens approximately $24 to report illegal mining operations, effectively turning regular people into informants.

### Government Control and Crackdowns

Iran legalized cryptocurrency mining in 2019, viewing it as a way to generate revenue despite sanctions. However, the government imposed strict regulations: licensed miners must sell their Bitcoin directly to Iran’s Central Bank.

In December 2024, the Central Bank abruptly blocked all cryptocurrency-to-rial transactions on websites. By January 2025, these channels reopened but only through a controlled system requiring full access to user data. Then, in February 2025, Iran banned all cryptocurrency advertising both online and offline.

The government is walking a fine line. While crypto mining offers an economic lifeline and helps bypass sanctions, the massive power consumption threatens grid stability and sparks public anger during blackouts.

### Sanctions Evasion and International Response

In 2024, sanctioned countries and entities, including Iran, received $15.8 billion in cryptocurrency, accounting for 39% of all illicit crypto transactions worldwide. Networks aiding Iran in selling oil facilitated over $100 million in cryptocurrency transfers between 2023 and 2025; broader networks handled more than $600 million.

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has intensified crackdowns by sanctioning individuals and companies in China, Hong Kong, and the UAE connected to these operations.

Iran’s IRGC uses cryptocurrency to fund activities and support regional proxy groups. In 2022, the U.S. sanctioned two Iranians linked to the IRGC for using crypto exchanges to launder money from cyberattacks.

### The Nobitex Hack: Crypto Warfare

On June 18, 2025, Nobitex—Iran’s largest cryptocurrency exchange—suffered a massive hack. Pro-Israel hacker group Predatory Sparrow stole over $90 million in Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies.

The attack was politically motivated. Rather than keeping the stolen assets, the hackers sent the cryptocurrency to inaccessible wallet addresses containing anti-IRGC messages, effectively destroying the funds as a political statement.

Nobitex handles over $11 billion in transactions, more than the next ten largest Iranian exchanges combined. Past investigations linked the exchange to sanctioned IRGC operatives and wallets associated with Hamas, Palestinian Islamic Jihad, and Houthi groups.

The hack occurred amid escalating tensions between Israel and Iran, highlighting how cryptocurrency infrastructure has become a target in modern geopolitical conflicts.

When U.S. forces struck Iranian nuclear facilities shortly after, Bitcoin’s global hashrate dropped 15%—the sharpest decline in three years—fueling speculation about disrupted Iranian mining operations.

### The Road Ahead

Iran’s cryptocurrency industry exists in a challenging space between economic necessity and practical constraints. Experts estimate Iran has mined between 60,000 and 200,000 Bitcoins since 2018, though exact figures remain uncertain due to the underground nature of 85% of operations.

As economic pressures mount and the rial continues losing value, more Iranians are turning to cryptocurrency. Crypto outflows from Iran surged to $4.18 billion in 2024—a 70% increase from the previous year—as people move money out of the country’s unstable currency.

The government faces competing priorities: crack down on mining to preserve the power grid or allow it to continue as an economic tool for sanctions evasion.

Meanwhile, international enforcement agencies are becoming increasingly sophisticated in tracking crypto transactions and disrupting Iranian financial networks.

—

Iran’s crypto story is a complex interplay of economics, politics, and technology, reflecting broader challenges faced by countries navigating sanctions and energy constraints in the digital age.
https://bitcoinethereumnews.com/bitcoin/irans-bitcoin-mining-industry-inside-the-worlds-fifth-largest-operation-amid-sanctions-and-energy-crisis/?utm_source=rss&utm_medium=rss&utm_campaign=irans-bitcoin-mining-industry-inside-the-worlds-fifth-largest-operation-amid-sanctions-and-energy-crisis

Bitcoin’s Realized Cap Rises $8B Amid Inflows, ETF Recovery Could Drive Price to $140K

Bitcoin’s Realized Cap Rise Signals Robust Demand as Price Climbs Above $110,000

Bitcoin’s realized capitalization has surged by more than $8 billion over the past week, pushing the total value beyond $1.1 trillion. This rise corresponds with the cryptocurrency’s realized price surpassing $110,000, according to data from CryptoQuant. The realized cap measures the total dollar value of all Bitcoin coins based on their last moved price, providing insight into the overall investment held by holders.

This upward movement underscores resilient onchain inflows despite lingering negative sentiment following the recent $19 billion crypto market downturn. Key contributors to these inflows include Bitcoin treasury firms and exchange-traded funds (ETFs), which have remained significant accumulators. Ki Young Ju, founder and CEO of CryptoQuant, noted that demand has heavily relied on these entities, though their buying activity has recently slowed. This suggests that while onchain signals reveal strong underlying interest, broader price recovery may depend on the resumption of aggressive acquisitions.

How Are Bitcoin Miners Contributing to Network Growth?

Ki Young Ju describes the rising Bitcoin hash rate as a “clear long-term bullish signal” for Bitcoin’s evolution as a reliable store of value. Several major mining operations have scaled their fleets recently. For example, American Bitcoin—a firm linked to the Trump family—acquired 17,280 application-specific integrated circuits (ASICs) at a cost of approximately $314 million, as reported in August.

These expansions not only increase mining efficiency but also reflect strong confidence in Bitcoin’s future despite geopolitical and economic uncertainties. The increased hash rate strengthens the blockchain against potential attacks, supporting sustained network health. Data from CryptoQuant shows miners escalating their activity even as market sentiment remains in “Fear” territory, demonstrating operational resilience that could help stabilize prices.

Despite these positive onchain indicators, overall investor confidence remains subdued after the sharp market decline experienced at the start of October. However, external factors such as potential Federal Reserve interest rate cuts could trigger a market turnaround.

Frequently Asked Questions

What Role Do ETFs Play in Bitcoin’s Price Recovery?

ETFs have been major drivers of Bitcoin demand, significantly contributing to the recent $8 billion realized cap increase through consistent inflows. Although purchasing activity from ETFs has recently slowed, CryptoQuant highlights that a resurgence—potentially between $10 billion and $15 billion in inflows—could push Bitcoin’s price toward $140,000 in November, according to projections from Bitfinex analysts.

Will Bitcoin Reach $140,000 in November Based on Current Trends?

Yes. Bitcoin could climb to $140,000 by November if ETF inflows double and the Federal Reserve implements two interest rate cuts in the fourth quarter. Seasonal market strength in Q4 combined with easing monetary policy are key catalysts. However, risks such as tariffs and geopolitical tensions remain potential headwinds.

Key Takeaways

Strong Onchain Inflows: The $8 billion rise in realized cap highlights robust demand from treasury firms and ETFs, positioning Bitcoin’s realized price above $110,000.
Miner Expansion Signals Bullishness: Increases in hash rate, fueled by fleet upgrades like American Bitcoin’s $314 million ASIC purchase, reinforce long-term network growth.
Recovery Catalysts Ahead: Renewed ETF buying and Federal Reserve easing could propel Bitcoin to $140,000, making it crucial for investors to closely monitor these developments.

Conclusion

Bitcoin’s realized cap increase of more than $8 billion—driven by onchain inflows from ETFs and treasury firms, alongside miners expanding their hash rates—paints a picture of underlying strength despite recent market fears. As Ki Young Ju of CryptoQuant emphasizes, sustained demand from these channels will be vital for maintaining momentum.

Looking ahead, a potential resurgence in ETF activity combined with supportive Federal Reserve policies could propel Bitcoin toward $140,000 by November, presenting opportunities for informed investors amid this evolving landscape. Analyses from CryptoQuant and Bitfinex underline the importance of tracking institutional activity and macroeconomic shifts.

Given that Bitcoin’s realized price reflects the real investment locked in by holders, these trends suggest a solid foundation for a recovery in 2025. Market participants should stay vigilant on onchain metrics and policy announcements to capitalize on emerging bullish signals within the cryptocurrency space.

Bitcoin’s network continues to show resilience, with miners’ investments ensuring robust security. The dynamic between ETF flows and broader economic policies will likely determine the pace of recovery, making it essential to monitor these factors closely. As the year unfolds, these developments may redefine Bitcoin’s trajectory within the global financial ecosystem.

https://bitcoinethereumnews.com/bitcoin/bitcoins-realized-cap-rises-8b-amid-inflows-etf-recovery-could-drive-price-to-140k/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoins-realized-cap-rises-8b-amid-inflows-etf-recovery-could-drive-price-to-140k

Evernorth’s $1 Billion+ XRP Purchase Marks Largest Single Institutional Acquisition for Digital Asset ⋆ ZyCrypto

**Evernorth Holdings Boosts XRP Holdings with Over $1 Billion Acquisition**

Ripple-backed digital asset firm Evernorth Holdings has made significant moves in the cryptocurrency market by acquiring a large stack of XRP tokens. These substantial purchases have positively influenced market sentiment, driven by new whale inflows into the asset.

This year, corporate crypto treasuries have notably increased their holdings as more companies seek to diversify their balance sheets. On-chain data reveals that Evernorth Holdings accumulated more than 388.7 million XRP, valued at over $1 billion, soon after unveiling its crypto treasury. This acquisition marks a significant milestone for the company, which officially launched on October 20.

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**Plans for Nasdaq Listing and Strategic Collaborations**

Evernorth is considering listing as a publicly traded XRP company on Nasdaq, a move warmly welcomed by the crypto community. Asheesh Birla, Evernorth’s CEO, has pledged to deepen collaborations with XRP, including upcoming deals with Rippleworks and the SBI Group.

Birla, who stepped down from Ripple to lead Evernorth, is playing a pivotal role in strengthening the relationship between the two entities. Moreover, plans are underway to finalize a merger with Armada Acquisition Corp. II. Concurrently, the company aims to raise approximately $1 billion to fund additional crypto purchases.

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**Backing from Leading Investors**

“We’re backed by a world-class group of investors and leaders, including SBI, Ripple, Arrington Capital, Pantera Capital, and Kraken — firms that share our conviction in XRP’s future,” Birla stated. He emphasized that XRP now enjoys clear regulatory standing in the United States, paving the way for large-scale adoption.

Birla described Evernorth as a trusted and transparent bridge to public markets at a time when institutional demand for cryptocurrency is surging.

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**Market Context and XRP’s Resilience**

Previously, XRP faced negative pressure following lawsuits filed by the United States Securities and Exchange Commission (SEC) alleging the sale of unregistered securities. However, the prospect of a pro-crypto approach during former President Trump’s second term shifted market dynamics significantly. This change encouraged bullish investments as regulators began ushering in clearer rules.

Top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and XRP, recorded substantial growth within months. Notably, XRP briefly surpassed USDT as the third-largest cryptocurrency by market capitalization.

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**Current Market Performance**

At the time of writing, XRP is trading at $2.63, up 10% over the past week. The wider market has remained relatively sideways, with traders exercising caution following a recent flash dip that erased previous gains.

Evernorth’s significant investment has energized short-term traders, who are also responding to previous analyst expectations of a price increase.

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**Growing Institutional Interest in XRP**

XRP-based treasury firms are gaining momentum through a steady influx of traditional capital. Last week alone, institutional investments in XRP funds exceeded $84 million, signaling growing confidence in the asset’s long-term potential.

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With Evernorth’s strong backing and strategic initiatives, XRP appears well-positioned to capitalize on increasing institutional demand and regulatory clarity, setting the stage for potential growth in the coming months.
https://bitcoinethereumnews.com/tech/evernorths-1-billion-xrp-purchase-marks-largest-single-institutional-acquisition-for-digital-asset-%e2%8b%86-zycrypto/?utm_source=rss&utm_medium=rss&utm_campaign=evernorths-1-billion-xrp-purchase-marks-largest-single-institutional-acquisition-for-digital-asset-%25e2%258b%2586-zycrypto

Strategy’s Bitcoin Buying Slows, Analysts See Potential for Renewed Momentum

MicroStrategy Holds Over 640,000 BTC, Representing About 3% of Global Supply, Supporting Sustained Growth Potential

MicroStrategy currently holds more than 640,000 Bitcoin (BTC), which accounts for approximately 3% of the total global supply. This substantial accumulation underscores the company’s commitment to Bitcoin as a core asset, supporting its long-term growth strategy. While recent quarters have seen a deceleration in Bitcoin purchases, this slowdown reflects market timing considerations rather than any fundamental flaws in MicroStrategy’s Bitcoin approach.

Shares of MicroStrategy have responded positively to recovery optimism, rising 5% recently. A notable development enhancing the company’s financial flexibility is the upgrade to a B- credit rating from S&P Global Ratings. According to TD Cowen analysis, this rating opens the doors to a $4.9 trillion global credit pool, potentially tripling funding capabilities for further Bitcoin acquisitions.

Explore how MicroStrategy’s Bitcoin engine, despite its current slowdown, remains primed for future growth. Analysts remain bullish on the company’s yield potential and enhanced credit access, particularly as Bitcoin stabilizes around $110,000, with key insights and projections available for 2025 investors.

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### What Is MicroStrategy’s Current Bitcoin Accumulation Pace?

After two years of consistent increases, MicroStrategy’s Bitcoin accumulation has notably slowed. Recent quarterly data indicates a reduced pace of purchases as the company calibrates its market exposure.

In parallel, MicroStrategy’s market premium to net asset value (NAV) has tightened, dropping to 1.2x—its lowest level since early 2023. This coincides with Bitcoin’s stabilization near the $110,000 mark. Despite this cooling period, the company continues to leverage a framework designed to channel Wall Street capital directly into Bitcoin holdings. This approach offers investors a regulated exposure to Bitcoin that avoids the restrictions associated with spot ETFs.

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### How Does MicroStrategy’s Credit Access Impact Its Bitcoin Strategy?

The recent B- rating from S&P Global Ratings marks a pivotal shift in MicroStrategy’s financial standing. This upgrade grants access to the vast $4.9 trillion global credit market, substantially enhancing the firm’s ability to secure funding for Bitcoin purchases.

TD Cowen analysts highlight that this development could enable MicroStrategy to potentially triple the scale of its Bitcoin acquisitions. The rating reflects the company’s maturing financial profile, successfully blending traditional credit mechanisms with cryptocurrency assets.

In addition to credit access improvements, MicroStrategy has introduced a Return-of-Capital (ROC) tax treatment for its preferred dividends. This strategy allows investors to defer taxes indefinitely and significantly increases appeal for institutional investors seeking yield-bearing Bitcoin investment opportunities.

While short-term Bitcoin purchase momentum may soften, this structural advantage positions MicroStrategy to resume aggressive Bitcoin accumulation by early 2026. Price targets have been adjusted to $535 per share to reflect tempered near-term expectations but preserve strong long-term growth outlooks.

Expert commentary emphasizes that rising Bitcoin prices combined with expanded capital market access will remain core drivers for MicroStrategy’s sustainable yield expansion, assuming stable market conditions.

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### Frequently Asked Questions

**What Are the Latest Holdings in MicroStrategy’s Bitcoin Portfolio?**
MicroStrategy holds over 640,000 Bitcoin, representing about 3% of the total global supply. This portfolio, built through consistent capital raises, has delivered a year-to-date Bitcoin yield of approximately 26%. According to estimates by Mizuho Securities, the company is on track to meet its internal yield target of 30% if Bitcoin prices remain stable through 2025.

**Why Is MicroStrategy’s Stock Premium Declining Amid Bitcoin’s Price Stability?**
The company’s market premium to net asset value has compressed to 1.2x as Bitcoin consolidates near $110,000. Analysts, including those at Benchmark, interpret this as a natural normalization following rapid gains, marking a phase of subdued volatility in both stock and cryptocurrency markets. Many view this as an opportune entry point rather than a signal of weakness.

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### Key Takeaways

– **Strategic Pause in Accumulation:** The slowdown in Bitcoin purchases is attributed primarily to market timing strategies rather than operational issues. MicroStrategy’s Bitcoin acquisition framework is designed for long-term capital conversion into crypto assets.

– **Bullish Analyst Projections:** Mizuho Securities forecasts Bitcoin reaching $150,000 by the end of 2025, implying a compound growth rate of 25% over three years, which supports MicroStrategy’s yield objectives.

– **Enhanced Funding Pathways:** The S&P B- rating unlocks significant credit access, facilitating larger-scale Bitcoin purchases. Tax-advantaged dividend treatments further enhance the appeal to institutional investors targeting yield-generating Bitcoin assets.

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### Conclusion

MicroStrategy’s substantial Bitcoin holdings and improved access to credit markets position the firm for sustained growth despite a temporary slowdown in accumulation pace. With ongoing institutional support, favorable tax treatments, and expert bullish projections on Bitcoin prices, MicroStrategy remains a compelling player in the integration of traditional capital markets with cryptocurrency assets. Investors looking toward 2025 should consider the company’s strategic positioning and potential for expanded Bitcoin exposure backed by enhanced financial resources.
https://bitcoinethereumnews.com/bitcoin/strategys-bitcoin-buying-slows-analysts-see-potential-for-renewed-momentum/?utm_source=rss&utm_medium=rss&utm_campaign=strategys-bitcoin-buying-slows-analysts-see-potential-for-renewed-momentum

Ethereum Price Nears Key Support as Analysts Eye a Potential Rebound

Ethereum Struggles to Regain Bullish Momentum Amid Consolidation Phase

Ethereum continues to trade under pressure as the world’s second-largest cryptocurrency struggles to regain bullish momentum. After weeks of sideways action, ETH remains trapped in a consolidation range, sparking uncertainty among traders who await signs of a trend reversal.

At the time of writing, Ethereum trades around $3,846, hovering just above the crucial $3,802 support area. Market observers note that this level has become a focal point for both short-term traders and long-term investors, with many waiting to see if the asset can hold firm before the next decisive move.

### Testing a Crucial Technical Zone

Prominent crypto analyst Michaël van de Poppe shared his outlook on X, pointing out that Ethereum is currently testing its 20-week moving average — a technical region that has historically marked strong accumulation phases. He emphasized that ETH’s current setup offers a favorable risk-reward ratio for long-term portfolios, describing it as “a tremendous spot to be added to portfolios.”

According to van de Poppe, the confluence between the moving average and a higher timeframe support level may provide the foundation for Ethereum’s next rally. “Corrections don’t last forever,” he added, suggesting that the ongoing pullback could be nearing its conclusion.

If Ethereum manages to defend this zone, analysts believe the next resistance to watch will be near $4,150. A breakout above that threshold could signal renewed buying strength and a potential return toward the $4,300-$4,400 range.

### On-Chain Data Shows Investor Strain

Beyond the charts, blockchain data paints a mixed picture. The Net Unrealized Profit/Loss (NUPL) indicator — a metric used to gauge overall market profitability — has recently dipped into the capitulation zone. This range often appears when many holders are near breakeven or experiencing slight losses, typically preceding short-term rebounds as selling pressure begins to ease.

Such periods of capitulation tend to reset market expectations. Short-term holders, known for reacting quickly to price swings, often become reluctant to sell at a loss. Historically, this behavior creates conditions for brief relief rallies as traders push prices upward in search of quick recoveries before taking profits again.

If this pattern holds, Ethereum could experience another short-term bounce similar to those observed earlier in the month, where the asset briefly regained strength before returning to consolidation.

### Sentiment Hits Nine-Month Low

From a broader perspective, investor sentiment around Ethereum has turned notably bearish. Data from Santiment reveals that Ethereum’s weighted sentiment has fallen to its lowest level since February, reflecting increased caution and fatigue among market participants.

This decline in optimism mirrors the broader crypto landscape, where traders are becoming increasingly selective about new positions. Prolonged bearish sentiment can discourage fresh inflows, ultimately weighing on price stability.

However, such negative readings have also been known to act as contrarian signals — often preceding market recoveries once pessimism peaks.

### Rangebound Conditions Persist

For now, Ethereum appears rangebound between $3,802 and $4,154. Analysts suggest that until volatility returns or trading volume picks up, ETH may continue oscillating within this band.

A decisive close above $4,150 would be needed to confirm the start of a stronger upward move, while a drop below $3,800 could open the door to deeper losses.

Despite current headwinds, van de Poppe and several other market strategists maintain that Ethereum remains fundamentally strong, supported by ongoing developments in staking, scaling solutions, and institutional interest. Many believe that the current correction phase is part of a broader accumulation process rather than the beginning of a prolonged downturn.

### Outlook: Patience May Be Key

Ethereum’s long-term trajectory continues to depend on macroeconomic factors, investor sentiment, and broader market liquidity. As traders await stronger signals from the Federal Reserve and risk assets, ETH’s consolidation could serve as a necessary cooldown before its next significant move.

While short-term uncertainty prevails, technical confluence and historical data suggest that Ethereum may be approaching a point of stabilization — one that could set the stage for renewed upside once market confidence returns.

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*The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.*

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**Author**
Alex is an experienced financial journalist and cryptocurrency enthusiast with over 8 years of experience covering the crypto, blockchain, and fintech industries. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. Alex’s approach allows him to break down complex ideas into accessible, in-depth content. Follow his publications to stay up-to-date with the most important trends and topics.
https://coindoo.com/market/ethereum-price-nears-key-support-as-analysts-eye-a-potential-rebound/

Bitcoin (BTC) Faces Downward Pressure Amid Long-Term Holder Distribution

Bitcoin’s (BTC) Recent Market Activity Signals a Challenging Phase

Bitcoin is currently facing a difficult period as it struggles to hold key cost-basis levels, according to data from Glassnode. Persistent selling pressure from long-term holders is impacting the cryptocurrency’s ability to sustain upward momentum, raising concerns about its near-term outlook.

### Market Struggles with Key Levels

Bitcoin’s price has been unable to maintain levels above the short-term holders’ cost basis of approximately $113,000. This threshold is critical as it often represents the balance between bullish and bearish momentum. The failure to reclaim and hold this level increases the risk of a deeper retracement towards the Active Investors’ Realized Price, which is around $88,000.

This struggle is further compounded by ongoing distribution from long-term holders, who are offloading roughly 104,000 BTC each month. This selling pattern echoes previous market cycles where significant long-term holder selling marked phases of demand exhaustion.

### Volatility and Options Market Dynamics

Following October’s market crash, implied volatility has cooled off, but the options market remains in a delicate position. Upcoming decisions from the Federal Reserve are expected to play a significant role in shaping market dynamics. A hawkish surprise from the Fed could spark renewed volatility, while a dovish stance might help sustain the current stability.

Implied volatility has eased, and skew has reset lower, signifying a shift away from extreme demand for downside protection toward a more balanced outlook. Traders appear cautiously optimistic: selective upside positioning at certain strike prices suggests expectations of a moderate rally rather than an aggressive breakout.

### Long-Term Holders and Market Sentiment

The continued distribution by long-term holders highlights a phase of demand exhaustion. The net position change for these holders has reached significant levels, reflecting widespread profit-taking amid weakening demand.

Historically, strong market expansions have followed when long-term holders transition from distribution to accumulation. Currently, the volume of Bitcoin transferring from long-term holders to exchanges has surged, indicating persistent sell-side pressure. This elevated activity mirrors past periods where heavy long-term holder spending suppressed price momentum.

### Outlook and Federal Reserve’s Influence

As Bitcoin navigates this period of recalibration, focus shifts to the Federal Reserve’s upcoming actions. Their decisions could substantially influence market volatility in the near term.

For now, the market’s relative calm remains conditional. Renewed volatility is possible depending on external economic developments and the behavior of long-term holders. Until these holders shift back toward accumulation, Bitcoin’s upside potential may remain constrained.

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*Image source: Shutterstock*
https://Blockchain.News/news/bitcoin-btc-faces-downward-pressure-amid-long-term-holder-distribution