Market Signal Briefing

Altcoin season has cooled down again, with the Altcoin Season Index slipping to 25 after briefly testing higher levels last week, and it suggests risk appetite is fading outside a narrow group of liquid names, even though some coins still manage to attract activity through clear narratives and active books.

Chainlink Drops 10% Amid Crypto Selloff; New Rewards Program UnveiledThe oracle network's token hit its weakest price since the October 10 crash, breaking key support levels after multiple failed breakout last week. Nov 3, 2025, 5:51 p.m.

Chainlink's LINK token fell 10% on Monday, plunging to its weakest price since the October 10 flash crash breaking down key support levels.

Trading activity spiked 674% above the 24-hour average at the height of the breakdown, with over 12 million LINK changing hands as the token dropped from $16.21 to $15.02 in under 30 minutes, CoinDesk Research's technical model said.

STORY CONTINUES BELOW

The token underperformed the CoinDesk 5 index by more than 5.8%, signaling technical weakness amid heavy volume.

The CoinDesk Research model pointed to a failed breakout earlier in the week and lack of fresh catalysts as reasons for the move. LINK now faces critical support around $15.25, with technical downside risk toward $14.50 if buyers fail to stabilize the current range.

Chainlink newsThe selloff came as Chainlink unveiled "Rewards Season 1," a new incentive program launching on November 11. The initiative will allow eligible LINK stakers to earn token rewards from nine participating Chainlink BUILD projects, including Dolomite, Space and Time, Truflation-linked Truf Network and others, the Monday blog post said.

Participants can earn Cubes — non-transferable reward points — based on prior staking activity, which they can allocate to projects of their choice before rewards begin unlocking in mid-December.

Key technical levels LINK traders should watchSupport/Resistance: Immediate support at $15.25–15.30; resistance sits at $17.66Volume Analysis: Volume peaked at 12.4 million tokens, up 674% from the daily average.Chart Patterns: Breakdown confirmed with lower highs following failed breakout.Targets & Risk/Reward: If $16 fails to hold, downside extends to $14.50; recovery faces strong resistance at $20.Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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Stellar Holds the Line at $0.277 as Buyers Defend Key Support Zone

55 minutes ago

XLM steadies after a sharp 5.5% sell-off, with traders watching the $0.277 level as the critical line between recovery and renewed downside pressure.

What to know:

Stellar’s price rebounded from a $0.277 low after heavy liquidation, confirming the level as pivotal short-term support.Volume surged 887% during the breakdown before normalizing, hinting at short-term stabilization.XLM faces strong resistance at $0.3014, with consolidation near $0.281 suggesting a balanced but fragile market.Read full story

The global crypto market has dropped sharply to $3.5 trillion from $4.28 trillion, marking a 19% fall in just a few days. Despite the steep correction, analysts say November could bring a potential turnaround. Historically, Bitcoin performs well this month, showing an average return of over 40%.

Right now, the market is reacting to increased whale activity. Billions of dollars in Bitcoin are being moved from cold wallets to exchanges, a move often seen before large sell-offs. This sudden shift in supply has fueled fear across the market, while low trading activity in Asian sessions has amplified the volatility.

Federal Reserve Adds Pressure on CryptoThe Federal Reserve’s latest comments have also added to the sell-off. While it announced its second rate cut and plans to end quantitative tightening in December, Chair Jerome Powell warned that inflation remains a concern. His statement pushed the U.S. dollar index back to 100 points, putting fresh pressure on risk assets like Bitcoin and Ethereum.

Bitcoin Could See Another Dip Before ReboundBitcoin is currently testing key support near $106,600. If this level breaks, the next target could be between $98,000 and $100,000. This range could become a strong buying zone with the potential for a rebound if the market stabilizes.

The Bitcoin dominance chart shows capital moving out of altcoins and into Bitcoin. While short-term weakness remains, technical indicators like RSI and Bollinger Bands hint that a larger move could follow this compression phase.

Ethereum Faces Deeper CorrectionEthereum has fallen faster than Bitcoin during this correction. The price could still see another 20% to 25% decline, possibly reaching the $2,750 region. A total 44% correction from its recent high would still keep Ethereum within a long-term bullish trend, analysts say.

The current setup might test investors’ patience, but it also opens the door for better entry points once selling pressure eases.

Altcoins Showing Strength: BNB and SolanaWhile most altcoins are under pressure, some are holding stronger than others. Binance Coin (BNB) has shown consistent resilience through market volatility. Even a pullback to its golden pocket at around $850 would mark only a mild 12% drop.

Solana (SOL) has already completed much of its downward move, trading near its support range between $150 and $165. 

If global liquidity stabilizes and the dollar cools off, analysts expect capital to flow back into Bitcoin first and later into selective altcoins. 

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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Bitcoin News

Bitcoin Crash Warning Emerges After Worst Uptober With Price Targeted at $87,000

TL;DR: Bitcoin faces warnings of a possible crash to $87,000 after its weakest Uptober in years. Analysts cite fading momentum, market fatigue, and macroeconomic headwinds

CryptoCurrency News

Privacy Coins Surge 80% as Crypto Investors Embrace Anonymity Over Visibility

TL;DR: Privacy coins surged 80% as investors prioritize financial anonymity amid regulatory scrutiny. Monero, Zcash, and Horizen lead in adoption, offering concealment of sender, receiver,

flash news

Peter Schiff Warns of Deeper Losses for Bitcoin Holders

Investor and critic Peter Schiff warned today that Bitcoin could face deeper declines amid the cryptocurrency’s recent price drop, according to his official X account.

Companies

Standard Chartered CEO highlights Hong Kong stablecoin as key to transforming global tradento sin título

TL;DR Standard Chartered’s CEO believes Hong Kong’s digital assets could reshape international trade settlement. The focus is on two specific pilots: tokenized deposits and a

flash news

Ethereum shines as stablecoin hub amid record onchain activity

Ethereum has emerged as the leading platform for stablecoin transactions, according to recent data from The Block. The network recorded an unprecedented surge in onchain

flash news

Trump calls CZ pardon a fair move despite no personal link

U.S. President Donald Trump said during a recent YouTube interview that his decision to pardon former Binance CEO Changpeng “CZ” Zhao was based on fairness,

Summary:

Trump’s “America first in crypto” pledge reignites investor optimism for Bitcoin, Ethereum, and Solana predictions for November 2025.
In a headline-grabbing moment, U.S. President Donald Trump declared that America must “be number one in crypto,” signaling a potential policy shift that has injected fresh optimism into digital-asset markets. The remark, which comes amid intensifying competition with China’s digital-currency expansion, has sparked renewed interest across top crypto assets including Bitcoin, Ethereum and Solana, even as they extended their weekly declines.

BREAKING: 🇺🇸 President Trump says, “I only care about one thing: will we be number one in crypto”

“China is getting into it very big” pic.twitter.com/LuMHAQLlnf

— Bitcoin Magazine (@BitcoinMagazine) November 3, 2025

Traders are now refocusing on top crypto predictions for November 2025, weighing whether Trump’s stance could translate into a more favorable U.S. regulatory landscape. The timing is key: after last week’s post-Fed volatility, early Monday trades hint that sentiment across major tokens may finally be stabilizing as U.S. markets prepare to open.

Bitcoin Price Today: Holding Near $108,000 as Bulls Defend Key Support
Bitcoin is hovering around $108,000, down roughly 2 percent over the past five days. The broader sell-off reflected cautious positioning ahead of macro data and the Federal Reserve’s recent policy outcome. However, the President’s pro-crypto remarks have provided a timely psychological lift to a market that was showing early signs of exhaustion.

BTC’s resilience around the $106,000–$108,000 band suggests traders are treating this as a potential accumulation zone. Institutional flows remain light, but open interest in futures markets has inched higher, a sign that dip buyers are quietly returning.

From a broader perspective, I believe Trump’s statement could mark the start of a new era of political endorsement for the crypto sector, echoing the kind of sentiment that preceded major rallies in past cycles.

Bitcoin Technical Analysis
Bitcoin is just below one of its major resistance levels $110,000, with the buyers still holding the $106,000 level that has acted as a strong floor in recent sessions.

Resistance levels: $110,000 – $111,500
Support levels: $106,000 – $103,500
RSI: 46 – neutral to slightly bullish
ADX: 34 – indicating a moderate trend build-up

Bitcoin Price on the daily chart 3rd Nov 2025 Source: TradingView
A breakout above $111 K could confirm renewed bullish control, opening the door to $115 K in the near term. Conversely, a slip below $106 K would shift focus to $100 K.

Ethereum Price Today: Traders Eye $4,000 as Support Holds Firm
Ethereum (ETH) is trading around $3,750, showing early signs of stabilization after a 5 percent weekly drop. The market’s attention is fixed on whether ETH can reclaim the $4,000 level, a psychological and technical barrier that has consistently capped short-term rallies.

Crypto analyst Ted Pillows highlighted that ETH is now at its crucial support zone; if this level holds, Ethereum could rally towards $4,000 this week. The comment reflects the broader sentiment that Ethereum’s structure remains healthy despite volatility. Staking activity and layer-2 development continue to support long-term fundamentals.

$ETH is now at its crucial support zone.

If this level holds, Ethereum could rally towards $4,000 this week.

If ETH fails to hold this, expect a dump below the $3,500 zone. pic.twitter.com/Y0W5KC20EV

— Ted (@TedPillows) November 3, 2025

Ethereum Technical Analysis

Resistance levels: $4,000 – $4,245
Support levels: $3,750 – $3,500
RSI: 44- bearish-leaning but recovering
ADX: 37- buyers regaining control

ETH/USD Price on the daily chart 3rd Nov 2025 Source: TradingView
A sustained close above $4,000 would signal a potential breakout, while failure to defend $3,750 could push ETH toward $3,500.

Solana Price Today: Sharp Drop Tests $175 Zone
Solana (SOL) has experienced one of the biggest losses among the largest tokens and has fallen by almost 10 percent in the past five days to trade at approximately $176.
The correction comes after the one month long rally that propelled the token to the level of $200 and many traders are hoping to pocket profits before the next upsurge.

Despite the pullback, analysts maintain a constructive view on Solana’s fundamentals, citing high network activity and developer retention. For short-term traders, however, the focus is squarely on whether the $170–$175 area can hold as a floor.

Solana Technical Analysis

Resistance levels: $185 – $190
Support levels: $170 – $165
RSI: 38 – oversold territory
ADX: 33 – showing trend weakening but potential for rebound

Solana price on the daily chart, 3rd Nov 2025 Source: TradingView
If Solana holds the $170 zone, a relief bounce toward $185 appears likely; a breakdown, however, could expose $160

Crypto Market Outlook: How Politics and Policy Are Shaping Price Action
Trump’s sudden focus on crypto leadership adds a new dimension to market psychology, with traders viewing it as an early sign of institutional and policy-level interest returning to digital assets. At the same time, analysts warn that volatility could persist until clearer fiscal or regulatory proposals emerge.

For now, top crypto predictions lean cautiously optimistic. Bitcoin’s structural support, Ethereum’s strong on-chain activity, and Solana’s oversold setup collectively suggest that the worst of last week’s correction may be behind us. The next few sessions will reveal whether this newfound political momentum can turn sentiment into sustained recovery.

Will Trump’s crypto comments make a difference for Bitcoin and Ethereum price?

Traders see it as a cue that U.S. regulation could soon favor crypto innovation.

How might Trump’s “America first in crypto” message affect U.S. regulation of cryptocurrencies?

It could push policymakers to adopt clearer, pro-growth frameworks that attract global investment. The tone marks a shift from restriction toward competitiveness.

Does Trump’s crypto support signal a turning point for institutional flows into top digital assets?

Likely yes, as more funds may revisit crypto exposure if U.S. leadership becomes policy-backed. Confidence from the top often sets the tone for Wall Street appetite.

This article was originally published on InvestingCube.com. Republishing without permission is prohibited.

Key Takeaways
What does the sharp drop in Chainlink’s exchange reserves indicate?
It signals strong accumulation and long-term holding behavior, reducing liquid supply and boosting bullish potential.

How are traders responding to LINK’s tightening supply structure?
Futures data shows taker buy dominance, revealing growing optimism and positioning for an upside breakout.

Since January, Chainlink’s [LINK] exchange reserves have plunged from over 180 million LINK to roughly 146 million, marking a 34 million reduction that reveals aggressive accumulation among investors. 

More than 15 million LINK have been withdrawn in the last 30 days alone, shrinking the share of supply held on exchanges to around 15% of total tokens. 

This consistent downtrend indicates a shift toward long-term holding, staking, and decentralized integrations rather than short-term speculation. 

Historically, such sharp outflows reduce available liquidity and often create a bullish structural setup, as fewer tokens remain on exchanges to sell during corrections. 

Consequently, LINK’s supply squeeze strengthens the case for an eventual upside move once market sentiment stabilizes.

Will buyers defend the $15.61 level?
At the time of writing, LINK traded at around $16.17, reflecting an 8% daily decline.

Despite the pullback, its broader trend structure remained technically controlled, forming a descending channel that guides current price action. 

Buyers have consistently defended the $15.61 support, keeping LINK from sliding toward the next major floor at $12.86. 

The Parabolic SAR indicator rested near $18.04, suggesting that a decisive push above it could spark renewed bullish momentum. Resistance levels at $19.14 and $23.79 will be key confirmation zones for a breakout. 

However, as long as buyers sustain accumulation near the lower boundary, the token’s consolidation may transform into a potential reversal base for mid-term recovery.

Source: TradingView

Long-term accumulation
On-chain metrics revealed that LINK recorded a $5.41 million net outflow on the 3rd of November, extending the consistent accumulation trend observed since mid-year. 

Exchange reserves have dropped from 18% to 15% of total supply, showcasing the growing confidence among holders shifting their assets to staking contracts and cold wallets. 

These persistent outflows often coincide with reduced sell pressure and can form a bullish liquidity imbalance that supports price strength. 

Historically, such structural supply reductions have preceded major rebounds as circulating supply tightens while demand gradually builds. 

This pattern mirrors accumulation phases from previous LINK cycles, where large holders capitalized on dips to reinforce long-term positions.

Growing optimism among traders
The Futures Taker CVD (90-day) indicator confirmed clear taker buy dominance, signaling that market participants were favoring long exposure in derivatives markets. 

This behavior revealed rising trader confidence, aligning strongly with on-chain accumulation patterns. 

As buyers outnumber sellers in Futures activity, it reflects conviction that LINK’s current weakness could precede a trend reversal. 

Moreover, the synergy between spot accumulation and bullish derivatives data strengthens the broader positive outlook. 

However, volatility remains likely in the near term, as any drop in buying momentum could briefly test market resilience before further gains emerge. 

Still, the balance of evidence suggests traders are preparing for an upside phase.

Is a Chainlink supply squeeze underway?
With buyers defending $15.61 and momentum gradually shifting, a break above $18.04 could confirm a reversal targeting $19.14 and $23.79. 

Although short-term volatility remains possible, LINK’s structure reflects accumulation strength beneath surface-level weakness. 

Altogether, the data suggests a rebound may be brewing, powered by growing investor conviction and a shrinking exchange supply base.

Bitcoin bled nearly a billion dollars alone last week, single-handedly driving a sector-wide flight of $360 million as Jerome Powell’s “not a foregone conclusion” remark cooled December rate-cut hopes.

Summary

Bitcoin investment funds saw $946 million in outflows last week, driving a total $360 million crypto retreat after Powell’s rate-cut caution.
U.S.-listed Bitcoin ETFs led withdrawals, while Solana attracted $421 million in inflows, signaling investor rotation.
Ethereum, XRP, Sui, and Litecoin posted smaller gains as Germany and Switzerland bucked the trend with regional inflows.

According to a Nov. 3 report by CoinShares Head of Research James Butterfill, digital asset investment products logged $360 million in outflows last week, their largest in over two months.

The U.S. accounted for the bulk of the pullback, with $439 million leaving locally listed funds following Federal Reserve Chair Jerome Powell’s remarks that another rate cut this year was “not a foregone conclusion.” Bitcoin (BTC) exchange-traded products bore the sharpest hit, shedding $946 million as investors reduced exposure to the asset most sensitive to monetary policy shifts.

“We believe that, despite the recent interest rate cut, the hawkish interpretation of Jerome Powell’s remarks weighed heavily on Bitcoin prices, as it remains the digital asset most sensitive to monetary policy developments,” Butterfill said.

Solana shines as Bitcoin stumbles
The outflows from U.S.-listed Bitcoin ETFs were widespread, indicating a broad-based retreat rather than an issue with a single fund. Data reveals the iShares Bitcoin Trust saw outflows of $390 million, while Fidelity’s Wise Origin Bitcoin Fund witnessed a $156 million withdrawal.

Bitcoin’s market performance mirrored that sentiment. The asset traded around $107,727 at press time after dropping more than 3% in 24 hours. BTC is now down roughly 12% over the past month and 15% below its all-time high of $126,198 set on Oct. 6.

While Bitcoin buckled under macroeconomic pressure, other digital assets told a different story. Solana (SOL) emerged as the undeniable standout, with its new U.S. ETFs pulling in a monumental $421 million.

Ethereum (ETH) also managed to attract a modest $57.6 million, though its daily flows revealed hesitant investor sentiment. Beyond the major players, assets like XRP, Sui (SUI), and Litecoin (LTC) saw combined inflows of nearly $54 million, suggesting that capital is actively seeking opportunities beyond the market leader.

Regional data added another layer to the divide. Germany and Switzerland posted inflows of $32 million and $30.8 million, respectively, with Canada and Australia also seeing modest gains.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

In brief
Nasdaq warned TON Strategy for violating shareholder approval rules after the company raised over $500 million through a private stock sale to buy Toncoin.
The exchange said TON Strategy, formerly Verb Technology, did not intentionally evade compliance, and issued only a warning instead of delisting its stock.
The firm’s stock briefly surged after its crypto pivot but has since plunged over 80%, reflecting the volatility of Wall Street’s rush into digital assets.
Nasdaq has issued a warning to TON Strategy, one of a slew of new crypto treasury companies trading on the stock exchange, for violating its shareholder approval rules.

TON Strategy, a publicly traded marketing firm that recently changed its name and began purchasing hundreds of millions of dollars worth of the cryptocurrency Toncoin, failed to get shareholder approval for the massive crypto purchase, or for the private sale of stock shares that enabled the buy, Nasdaq warned the company late last week.

Like many public companies that have gone all-in this year on acquiring massive crypto treasuries, TON Strategy (formerly Verb Technology) quickly raised funds for a huge digital asset stockpile via a private investment in public equity, or PIPE. PIPEs allow companies to sell their shares privately to institutional or accredited investors for speedy fundraises.

In August, TON Strategy sold some $558 million worth of its shares via a PIPE, in order to purchase an equivalent amount of Toncoin, a cryptocurrency associated with messaging app Telegram. 

But the company failed to receive required shareholder approval for either the PIPE financing or a subsequent purchase of $273 million worth of Toncoin with funds derived from the deal, the Nasdaq said. 

Stock exchange officials determined, however, that TON Strategy did not deliberately intend to avoid compliance, and therefore opted only to issue the company a warning, as opposed to delisting the company’s stock. 

Nasdaq officials noted its finding that the company believed at the time it was properly navigating the PIPE financing deal based on advice from “outside advisors.”

TON Strategy did not immediately respond to Decrypt’s request for comment on this story.

The incident highlights the blurred lines and rapid shifts in norms that have accompanied Wall Street’s frenzied embrace of crypto this year. All manner of publicly listed companies have shifted their stated missions to buy up billions of dollars worth of crypto this year, in bids to quickly boost stock prices on digital asset-related hype.

While such moves can increase a company’s stock price, such surges tend to be remarkably short-lived. Prior to changing its name to TON Strategy and going all-in on crypto accumulation, for instance, Verb Technology was trading at around $9 in July. After purchasing hundreds of millions of dollars worth of Toncoin in mid-August, the company then saw its stock soar past $22.

That hype quickly faded, though—in part thanks to the last-in, first-out structure of PIPE financing deals. TON Strategy’s stock is currently trading at $4.08, a dip of nearly 82%.

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TL;DR

ARB price surges 11.56% with a $253M trading volume.
Layer 2 token’s market cap holds strong at $1.47 billion.
Rising DeFi and dApp activity fuel ecosystem growth.

As of November 3, 2025, the live price of Arbitrum (ARB) stands at $0.2669 USD, reflecting an 11.56% increase over the past 24 hours, according to CoinMarketCap. The 24-hour trading volume reached $253.1 million USD, indicating a significant surge in market activity and investor participation. Arbitrum’s current market capitalization is $1.47 billion, positioning it among the top 60 cryptocurrencies globally by market value. The fully diluted valuation (FDV) stands at approximately $2.66 billion, with a circulating supply of 5.5 billion ARB tokens out of a total of 10 billion.

$ARB CRASH ALERT: Billionaires Are Made Here, Not at ATH!

Billionaires aren’t made buying at all-time highs… they’re made buying when everyone else is panicking.#ARBITRUM is down -88% from its ATH: prime accumulation zone: $0.3 – $0.2
Targets: $1 / $2 / $5

Real bull market… pic.twitter.com/AwYmzQh0Vz

— Crypto Patel (@CryptoPatel) November 3, 2025

Arbitrum remains one of the leading Layer 2 solutions within the Ethereum ecosystem, offering high throughput, reduced gas fees, and seamless scalability for decentralized applications (dApps). The network continues to attract strong developer interest, serving as a backbone for various DeFi protocols, NFT marketplaces, and gaming projects. Its modular blockchain structure enhances transaction speed while maintaining compatibility with Ethereum’s security model, which continues to drive adoption across major decentralized networks.

October was a great month for Arbitrum.

They did $1,3B in net flows last month, ranking 1st among all chains.

Tbh, I'm really impressed by the work-ethic from the @arbitrum team lately.

Lots of new gems are being built on ARB, especially perp DEXs.

Grats to the team. 👏 pic.twitter.com/erkPcwwXRV

— Lennaert Snyder (@LennaertSnyder) November 1, 2025

Arbitrum’s Market Performance: A Q4 2025 Price Analysis
In the current market context, ARB’s recovery momentum appears to be supported by renewed interest in Layer 2 ecosystems and broader optimism surrounding Ethereum scalability solutions. The price uptick also aligns with the growing demand for efficient rollup technologies that minimize transaction costs and improve user experience within Web3 environments. The token’s 24-hour volume surge of over 83% highlights strong investor sentiment and active trading interest, which may indicate short-term bullish behavior.

From a technical and on-chain perspective, Arbitrum’s ecosystem activity remains healthy, supported by consistent smart contract deployments and user interaction across decentralized finance applications. The combination of high transaction efficiency and developer adoption positions ARB as a long-term contender in the scaling sector, competing directly with other Layer 2 solutions like Optimism and zkSync. However, price volatility remains a key factor to monitor, especially given the ongoing fluctuations in the broader crypto market and periodic token unlocks that may influence liquidity and supply pressure.

Arbitrum (ARB) is trading at $0.2669 with strong short-term momentum and growing ecosystem adoption. The project’s continued integration with Ethereum’s infrastructure and sustained developer activity provide a solid foundation for future growth. Investors are closely monitoring upcoming protocol updates and token unlock schedules as potential catalysts for further market movement in Q4 2025.

Key points:

Bitcoin will complete a double-top reversal pattern on a close below the $107,000 support.

Several altcoins have broken below their immediate support levels, clearing the path for further downside.

After October’s dismal performance, Bitcoin (BTC) has failed to change course. BTC has started the new month with a drop to the crucial support at $107,000, signaling that the bears are attempting to seize control.

The demand from institutional investors has slowed down, as indicated by the $799 million in net outflows from BTC exchange-traded funds last week, according to Farside Investors’ data.

Capriole Investments founder Charles Edwards said in a post on X that institutional buying had dipped below the daily mined supply for the first time in seven months, which was not a good sign. 

Crypto market data daily view. Source: Coin360A minor ray of hope for the bulls is that BTC has recorded an average gain of 42.34% in November, according to CoinGlass data. However, traders should not rely solely on this historical figure, as BTC has closed November in the red on four occasions since 2018. That suggests the markets could swing either way.

Could BTC extend its decline, pulling altcoins lower? Let’s analyze the charts of the top 10 cryptocurrencies to find out. 

S&P 500 Index price predictionThe S&P 500 Index (SPX) remains in an uptrend; however, the negative divergence on the relative strength index (RSI) suggests that the bullish momentum may be weakening.

SPX daily chart. Source: Cointelegraph/TradingViewSellers will have to pull the price below the 50-day simple moving average (6,647) to signal strength. If they manage to do that, the index could start a deeper correction to 6,550 and then to 6,400.

Buyers are likely to have other plans. They will try to defend the 20-day exponential moving average (6,764) and push the index above 6,920. If that happens, the index could rally to the 7,000 level.

US Dollar Index price predictionThe US Dollar Index (DXY) bounced off the 20-day EMA (98.92) on Wednesday, signaling a positive sentiment.

DXY daily chart. Source: Cointelegraph/TradingViewThe index could rally to 100.50, where the bears are expected to mount a strong defense. If buyers do not allow the price to dip below the 20-day EMA, it increases the likelihood of a rally to the stiff overhead resistance at 102.

The first sign of weakness will be a break and close below the 20-day EMA. That suggests the bears are active at higher levels. The index could then descend to the 50-day SMA (98.24).

Bitcoin price predictionBTC turned down sharply from the 20-day EMA ($110,837) on Monday and subsequently plunged below the $107,000 support level.

BTC/USDT daily chart. Source: Cointelegraph/TradingViewA close below the $107,000 level will complete a double-top pattern, signaling the start of a corrective phase. The BTC/USDT pair could then decline to the psychologically significant level at $100,000. Buyers are expected to defend the $100,000 level with all their might, as a break below it may signal the start of a new downtrend.

The bulls will have to push the price above the moving averages to indicate that the bears are losing their grip. The upside momentum could pick up steam after buyers thrust the Bitcoin price above $118,000.

Ether price predictionEther (ETH) turned down from the 20-day EMA ($3,937) and broke below the support line of the descending channel pattern on Monday.

ETH/USDT daily chart. Source: Cointelegraph/TradingViewThe downsloping moving averages and the RSI below 37 suggest that the bears are at an advantage. If the price closes below the support line, the ETH/USDT pair could slump to the $3,435 to $3,350 support zone.

This negative view will be invalidated in the near term if the Ether price turns up sharply from the current level and breaks above the moving averages. That suggests the markets have rejected the break below the channel. The pair could then climb to the resistance line of the channel.

XRP price predictionBuyers tried to push XRP (XRP) above the 20-day EMA ($2.52), but the sellers held their ground. 

XRP/USDT daily chart. Source: Cointelegraph/TradingViewThe bears will attempt to pull the XRP/USDT pair to $2.20, which is a crucial near-term level to watch out for. If the $2.20 support breaks down, the XRP price could dip to $2 and then to $1.80.

Any recovery attempt is expected to face selling at the 20-day EMA and then at the 50-day SMA ($2.69). The bulls will have to thrust the price above the downtrend line to indicate a potential trend change.

BNB price predictionBNB (BNB) closed below the 50-day SMA ($1,092) on Sunday, and the selling intensified on Monday.

BNB/USDT daily chart. Source: Cointelegraph/TradingViewThe moving averages are about to complete a bearish crossover, and the RSI is in the negative territory, signaling that bears are in command. The $1,021 support has cracked, clearing the path for a dive to $932 and eventually to the Oct. 10 intraday low of $860. Such a move suggests that the BNB/USDT pair may have topped out in the near term.

Time is running out for the bulls. They will have to quickly push the BNB price back above the 20-day EMA to signal strength.

Solana price predictionSolana (SOL) turned down and broke below the uptrend line of the symmetrical triangle pattern on Monday, indicating that the uncertainty had resolved in favor of the bears.

SOL/USDT daily chart. Source: Cointelegraph/TradingViewThe SOL/USDT pair could tumble to the strong support at $155. Any rebound off the $155 level is likely to face selling at the 20-day EMA ($190). If that happens, the Solana price risks a drop to $137.

Conversely, if the price rises from the current level or $155, it suggests demand at lower levels. The bulls will then try to push the price above the 20-day EMA. If they succeed, the pair could rise to the resistance line.

Dogecoin price predictionDogecoin (DOGE) remains stuck inside a large range between $0.14 and $0.29 for the past several days.

DOGE/USDT daily chart. Source: Cointelegraph/TradingViewThe DOGE/USDT pair is likely to decline to the solid support at $0.14, which is expected to attract buyers. If the price rebounds off the $0.14 support and rises above the moving averages, it suggests that the range-bound action may continue for some more time.

Sellers are likely to have other plans. They will attempt to sink the Dogecoin price below the $0.14 support and resume the downtrend. If they can pull it off, the pair could tumble to $0.10.

Cardano price predictionBuyers tried to maintain Cardano (ADA) above the $0.59 level, but the bears renewed their selling on Monday.

ADA/USDT daily chart. Source: Cointelegraph/TradingViewThe bears will attempt to sink the ADA/USDT pair to the crucial support at $0.50. Buyers are expected to fiercely defend the $0.50 level, as a break below it would open the door for a fall to $0.40.

The bulls will have to drive the Cardano price above the 20-day EMA ($0.64) to gain strength. The pair could then rally to the breakdown level of $0.75, where the bears are expected to step in.

Hyperliquid price predictionHyperliquid (HYPE) slipped below the 20-day EMA ($42.73) on Sunday, indicating that the bears continue to exert pressure.

HYPE/USDT daily chart. Source: Cointelegraph/TradingViewThe HYPE/USDT pair has dropped to the neckline and could extend the decline to the solid support at $35.50. Buyers are expected to aggressively protect the $35.50 level, as a break below it could accelerate selling. The Hyperliquid price could then collapse to $30.50 and later to $28.

Instead, if the price turns up sharply from the $35.50 level and breaks above the 20-day EMA, it signals demand at lower levels. The pair could then swing between $35.50 and $52 for a few days.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Two whales with impressive track records were also wrecked.

Bitcoin’s nosedive that started earlier this morning continued in the past hour or so as the asset plunged to a two-week low of just over $105,000.

The altcoins were obliterated once again, with BNB slumping below $1,000, ETH dropping by over 6%, and SOL plunging by over 8% daily.

BTCUSD. Source: TradingView
CryptoPotato reported the first wave of BTC declines that transpired earlier today when the cryptocurrency was rejected at $111,000 and slumped by roughly four grand to $107,000. It managed to stabilize there at first and even tapped $108,000 before the bears initiated another leg down an hour ago, pushing the asset south to $105,300 (on Bitstamp).

This multi-week low harmed over-leveraged traders, as the total longs liquidated for BTC alone are worth over $300 million on a daily scale.

Even whales with impeccable records up to this point were wrecked. Lookonchain reported that Machi Big Brother has been fully liquidated, marking a total loss of over $15 million. Another trader – 0xc2a3 – that had a 100% win streak until today has “surrendered,” closing BTC, ETH, and SOL longs at a loss. Their total P&L went from over $33 million to -$17.6 million.

The 100% win streak is over — trader 0xc2a3 has surrendered.

He closed all his $BTC longs and part of his $ETH and $SOL longs at a loss.

His total P&L has flipped from +$33M to –$17.6M.https://t.co/2I4Jrb3MUA pic.twitter.com/3bSIXFG9JV

— Lookonchain (@lookonchain) November 3, 2025

Most altcoins have suffered even more in the past 24 hours, led by double-digit declines by ASTER (-20%), WLFI (-12%), APT (-12%), PEPE (-11.3%), WLD (-11%), ARB (-11%), and several others.

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Even the larger caps were not spared. Ethereum slipped below $3,600 earlier today, BNB trades below $1,000 as of press time, XRP has lost the $2.40 support, while SOL has dumped below $170 after an 8% drop.

The total value of wrecked positions has skyrocketed to more than $1.1 billion, according to CoinGlass data. In total, more than 300,000 traders have been liquidated, with the single-largest position taking place on HTX, which was worth almost $34 million.

Liquidation Data on CoinGlass

Tags:

TL;DR

Ethereum’s Ecosystem Support Program (ESP) has launched a new grants program to align projects with its strategic priorities.
The program introduces two application pathways: Wishlist, which identifies key areas and allows open proposals, and Requests for Proposals (RFPs), which address specific problems with measurable outcomes and defined timelines.
The first Wishlist items and RFPs cover essential domains such as cryptography, privacy, security, application layers, and community growth.

Ethereum’s Ecosystem Support Program (ESP) unveiled its new grants program, designed to adapt to the ecosystem’s growth and increasing complexity. The goal is to provide a more strategic, sustainable model with measurable impact, enabling projects to align with network priorities and deliver long-term solutions.

This change responds to the ecosystem’s expansion in depth, diversity, and maturity over recent years. The previous open program supported hundreds of initiatives that contributed key building blocks to the network. However, the high volume of applications and a lean team limited the ability to focus on strategic opportunities. The new structure shifts from a reactive to a proactive approach, coordinating closely with other Ethereum Foundation teams to maximize the impact of funding.

A Program for Every Need
The program remains open to all, but now operates through two application channels: Wishlist and Requests for Proposals (RFPs). Wishlist identifies areas with strategic gaps, setting high-level goals while allowing developers to propose their own initiatives. RFPs, on the other hand, define specific problems and require solutions with clear scope, measurable results, and precise project timelines.

The first Wishlist items and RFPs cover key areas such as cryptography, privacy, application layers, security, and community growth. ESP will provide guidance to developers through “Office Hours,” helping them align their projects with defined priorities and answering questions throughout the application process.

Developing Strategic Solutions for Ethereum’s Growth
The program also aims to enhance the grantee experience by providing guidance, fostering connections across the ecosystem, and using project outcomes to inform future funding decisions. Wishlist items and RFPs will be updated periodically to reflect the ecosystem’s evolving needs.

The launch of ESP’s new grants program marks a significant step in strengthening Ethereum, encouraging the creation of high-impact tools, protocols, and public goods. Developers now have the opportunity to deliver strategic, scalable, and sustainable solutions that contribute to the network’s long-term growth

Hedera’s HBAR Slides 5% as $0.19 Support Crumbles, Traders Eye Technical ReversalHedera token breaks key technical level amid volume surge, though late-session reversal signals emerge.Updated Nov 3, 2025, 4:40 p.m. Published Nov 3, 2025, 4:40 p.m.

Hedera’s HBAR token slid 5% over the past 24 hours, falling from $0.1932 to $0.1835 after breaching critical support at $0.1900. Sellers maintained control through the overnight hours, driving prices to test fresh lows near $0.1815 before signs of stabilization emerged.

Trading activity spiked sharply, with 114.18 million HBAR changing hands at the 16:00 GMT session peak — an 86% jump above the daily average of 61.4 million. The volume surge aligned with a failed push to reclaim $0.1951 resistance, which quickly reversed into a cascade of sell orders that cemented the breakdown below $0.1900.

STORY CONTINUES BELOW

Despite the broader bearish tone, short-term charts hint at early signs of recovery. Hourly data shows a 0.77% rebound from $0.1825 to $0.1839, supported by a 3.09 million token volume burst during a mid-session breakout attempt. Bulls managed to form a higher low pattern, reclaiming the $0.1835 level that now acts as immediate support.

Still, traders remain divided. The near-term outlook hinges on whether HBAR can extend its bounce toward the $0.1850–$0.1860 resistance cluster or risks renewed pressure below the $0.1815 floor. Technical momentum favors a cautious recovery, but sustained upside will depend on volume confirmation and broader market sentiment.

Key Technical Levels Signal Conflicted Outlook for HBARSupport / ResistanceFormer Support: $0.1900 — now acting as strong overhead resistance.New Support Zone: $0.1815–$0.1835 following stabilization efforts.Immediate Upside Targets: $0.1850–$0.1860 after hourly breakout.VolumeResistance Rejection: 114.18M token spike (≈86% above SMA).Bullish Breakout Attempt: 3.09M volume peak on hourly reversal.Institutional Activity: Concentrated around key technical inflection points.Chart PatternsDaily Trend: Bearish, with consecutive lower lows.Hourly Structure: Bullish reversal with higher low formation.Momentum Shift: Price reclaimed $0.1835 (now support) with strength.Targets & Risk/RewardBullish Target: $0.1850–$0.1860 resistance zone.Bearish Risk: Breakdown below $0.1815 support zone.Critical Pivot: $0.1835 — key level defining near-term direction.Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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On Nov. 3, Balancer was exploited for over $116 million after attackers used a smart contract vulnerability to manipulate vault calls during pool initialization. Balancer Confirms Incident The decentralized finance (DeFi) platform Balancer has suffered a major exploit, resulting in the theft of over $116 million in digital assets.

In brief
Strategy last week spent $45.6 million on 397 Bitcoins, one of its smaller buys.
It now holds 641,205 digital coins worth $69.1 billion.
The Bitcoin treasury's stock was down slightly on the news.
Bitcoin treasury Strategy added 397 digital coins for around $45.6 million—an average price of $114,771 per coin—in one of its smaller buys in recent months amid rocky price action last week and mixed reaction to its latest quarterly earnings.

The Nasdaq-traded firm—formerly MicroStrategy—now holds 641,205 BTC worth $69.1 billion at Bitcoin's current price of $107,774. 

Last week's buy was slightly bigger than its prior Bitcoin purchase of $43 million. The week before that, the company spent just $19 million on the asset. 

Strategy stock (MSTR) was trading 3.6% lower Monday morning New York time at about $266 per share. Over the past month, MSTR has dropped by 24%. 

The software firm's earnings last week showed that it generated $2.8 billion in profits for its third quarter as it continued aggressively buying the biggest cryptocurrency by market cap. But analysts have highlighted its declining multiple to Net Asset Value (mNAV), the premium at which a firm's shares trade relative to its crypto holdings. The measure is seen as reflecting treasury companies' ability to deliver on their strategies. 

Strategy—formerly MicroStrategy—started buying Bitcoin in August 2020 as a way to generate better returns for its shareholders as inflation rocked the U.S. and world economies during the COVID-19 pandemic.

It has since spent around $47.4 billion on Bitcoin and is the largest corporate holder of the asset, focusing mostly on securitizing the cryptocurrency. Investors can buy its shares to gain exposure to the leading cryptocurrency without having to buy and hold digital coins.

Since its first buy, Strategy stock has risen over 1,700%. 

Other companies have followed Strategy's approach, buying Bitcoin, Ethereum, and other digital coins to boost their stock prices. 

But some experts have warned of the strategy's inherent risk, and that it might not be appropriate for every company.

In a Myriad prediction market, 96% of respondents do not believe that Strategy will sell more Bitcoin this year. Myriad is a unit of Dastan, Decrypt's parent company.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Aster token price drops sharply to $0.92 after bullish momentum fades. Buyers are defending support, but weak volume signals uncertainty about a sustainable recovery.

Summary

ASTER’s rally collapses back to $0.92 high-timeframe support.
Weak volume threatens further downside and prolonged consolidation.
A rebound to $1.30 depends on stronger bullish inflows and structural confirmation.

Aster (ASTER) token price has suffered a steep decline after losing its short-term bullish momentum, falling back to the $0.92 high-timeframe support region. The token’s recent rally has now been fully retraced, highlighting growing weakness across the market. Buyers are attempting to stabilize the chart, but fading volume leaves the uptrend on fragile ground.

Aster token price key technical points:

Major Support Zone: $0.92 remains the key region for buyers to defend.
Immediate Resistance: $1.30 value area high remains untested overhead.
Volume Conditions: Bullish inflows have weakened significantly, hinting at exhaustion.

ASTERUSDT (4H) Chart, Source: TradingView
After a period of strong upside momentum, Aster’s impulsive move has completely reversed. The token has fallen back into the $0.92 support region, a level that has previously acted as a crucial pivot for market direction. The latest price action shows several long wicks forming near this area, a sign that buyers are still attempting to absorb the selling pressure.

However, the lack of consistent bullish volume nodes casts doubt on whether this defense will hold. If volume fails to increase, the current stabilization could merely represent a temporary pause before another leg lower. A sustained influx of buying pressure is needed to confirm that this level is being defended effectively.

The next upside objective lies near the $1.30 value area high, which represents the upper boundary of the current trading range. Reclaiming this resistance on a daily closing basis would confirm renewed bullish strength and likely trigger a larger rotation higher. Conversely, a breakdown below the $0.92 zone would confirm a continuation of the bearish trend and potentially expose lower liquidity pools beneath the current structure.

At present, the market remains in a fragile equilibrium. The recent price collapse has reset momentum indicators, suggesting a period of consolidation could follow before a meaningful breakout. The market’s inability to maintain strong bullish volume inflows further implies that sentiment remains cautious following the sharp retracement.

What to expect in the coming price action
If Aster successfully defends the $0.92 support with growing bullish volume, a short-term rebound toward $1.30 resistance becomes increasingly probable. However, failure to hold this level would signal continued weakness, likely triggering another test of deeper support zones before any significant recovery attempt.

Dogecoin drops 14% in a week amid whale selling and weak momentum, but analysts spot a wedge pattern that previously led to a breakout.

Dogecoin has come under pressure, falling more than 6% in the past 24 hours and over 14% in the last week.

As of press time, it is trading near $0.174. The drop is part of a broader market pullback.

Technical Setup Shows Familiar Pattern
Trader Tardigrade, a crypto chart analyst, has pointed out a recurring formation on Dogecoin’s daily chart. The pattern is known as a descending contracting wedge. It is taking shape with three clear touches on the lower support line and two touches on the upper resistance line. This same setup appeared on the chart in August and led to a sharp move upward after the breakout.

Source: Trader Tardigrade/X
The current wedge, formed between October and early November, closely matches the earlier pattern. A breakout from the resistance line has already occurred, marked by a green circle on the chart shared by Tardigrade. If the past price movement repeats, Dogecoin could see a short-term rise toward the $0.26 to $0.28 range. The structure alone, however, does not confirm direction. It will depend on volume and trader participation.

In addition to the daily chart, Tardigrade also shared a broader monthly view. Dogecoin appears to be forming a long-term rounding bottom pattern. Based on the chart’s depth, this setup could project a move toward $4.14. This structure reflects price behavior over a much more extended period and does not suggest any immediate shift.

Moreover, another key formation can be seen on the 3-day chart, where Dogecoin is trading inside a wide ascending channel. The asset is now near the bottom of that channel, which has previously acted as support.

$Doge/3-day#Dogecoin has been moving within a large Ascending Channel.

It’s currently positioned at the bottom of the channel 👀 pic.twitter.com/lkSB3ChbLd

— Trader Tardigrade (@TATrader_Alan) November 3, 2025

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Indicators Reflect Weak Momentum
The Relative Strength Index (RSI) on the daily chart is now at 35. While not yet oversold, it is approaching levels that may cause short-term price stabilization or a bounce.

Meanwhile, Bollinger Bands show the price moving below the lower band, suggesting increased downside volatility or selling exhaustion. The 20-day moving average currently stands at $0.19185, which Dogecoin is trading well below.

Source: TradingView

Crypto analyst Ali Martinez stated that $0.18 is a key support level. He referred to it as a “strong buy-the-dip zone” if the price holds. Since the asset is now under this level, its strength will be tested.

Whale Activity and Futures Market Show Cooling Interest
Wallets holding 10–100 million DOGE sold 440 million tokens over three days last week. This large-scale selling added to the recent price pressure and may have led smaller investors to follow.

Open interest in Dogecoin futures currently stands at $1.67 billion. This is far below its previous peak of over $6 billion. Lower open interest often reflects reduced trading activity and less leverage in the market. With both price and open interest moving lower, there is little sign of strong directional momentum for now.

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An exchange on X has pushed a pointed question to the foreground: are veteran Bitcoin whales distributing into strength as part of a rational, late-cycle rotation, or is the bid under Bitcoin’s core thesis quietly eroding?

Former Bitwise exec Jeff Park set the frame with a reminder that OG wallets carry outsized informational weight: “OGs are a special group of investors. They saw something nobody saw before and took early chance, in size.” If that cohort is actively trimming, he argued, the motivations are unlikely to be banal. The risks they’re reacting to “must be: non-consensus, improbable, and existential.” Park also urged readers to consider Jordi Visser’s “Bitcoin’s Silent IPO,” a lens that treats this phase as a quiet redistribution of ownership rather than a simple blow-off.

This is such a great read-

In addition, if OG sellers are maximally profit-taking, the question is: why specifically now beyond current gains and enhanced liquidity, but also future expectations?

OGs are a special group of investors. They saw something nobody saw before and… https://t.co/PRbxYDrL5v

— Jeff Park (@dgt10011) November 2, 2025

OG Sales, Bitcoin ETF Rotation, And The Battle For Identity
Bloomberg’s senior ETF analyst Eric Balchunas largely accepted the premise that early holders are the ones selling—“Agree OGs are the ones selling (vs ETF paper btc conspiracy theories) and agree they saw something no one else did… and deserve the rewards”—but he pressed on the post-sale belief that ultimately matters. “The q is do those OGs (after taking profits) still think btc is a store of value and debasement hedge? If so, no problem. If not, then they basically saying it was a ponzi the whole time, which is a problem.”

He later reached for a cultural analogy to describe mainstreaming’s side effects: “It kinda reminds me of when bands in the 90s would sign with a major label and become huge mainstream hits… Yes is the exact same music but it’s somehow different too. Some early fans… turned off.”

Short-term psychology featured as well. As j (@pk9009) put it, round-number gravity and cycle fatigue can be enough to catalyze supply: “I think some of it is it’s over 100k and fear of another long cycle and waiting for more gains again. So take some off the table… Early wallets moving doesn’t inspire confidence in others either. Domino affect can be caused by just one wallet moving.” Balchunas agreed it’s “def something to watch” and openly solicited views from allocators closest to large-holder behavior.

Park then shared three working theses for why trimming now could be rational even without a thesis break. First, opportunity cost toward other “generational ROIs”—“AI in terms of capital or predictions markets in terms of labor,” with “quantum risk” folded into that calculus as “same coin, different sides.”

Second, a payment-layer disappointment and institutional friction: “The big promise post the Blocksize war was Lightning. It hasn’t worked,” coupled with “the rise of privacy concerns (especially for offshore OGs)… as Bitcoin becomes more ‘institutionalized.’”

Third—and “most important”—a demand reflexivity risk across generations: “The whole Bitcoin thesis breaks if the young don’t buy… Because the old will always buy if they know the young will buy now or later, but the young will not buy if ONLY the old buy.” Park’s political shorthand was deliberately provocative: “There is a reason the socialist candidates are not embracing Bitcoin… They have come to the conclusion it hurts them… Bitcoin and Mamdani has to be the same platform for Bitcoin to win, not Bitcoin and Ackman.”

These are my three working drafts-

The first as mentioned is the opportunity cost to invest in other generational ROIs like AI in terms of capital or predictions markets in terms of labor, where I also bucket the “quantum risk” in that category to make the trade off more…

— Jeff Park (@dgt10011) November 2, 2025

From the allocator seat, Bitwise CEO Hunter Horsley emphasized that what looks like distribution can be structured derisking rather than belief abandonment. “We have many clients with immense amounts of Bitcoin. Imo— it’s not that they no longer believe in BTC. It’s more timing and peace of mind.”

For ultra-early holders who are “100–1000x more” wealthy than when they entered, the aim is to reduce the emotional and portfolio whiplash while keeping core exposure: “They expect it will go higher but can also have periods of volatility… They plan to keep holding much / most.”

Tactically, Horsley sees investors “swap spot BTC for ETF for peace of mind around security and to borrow from private bank (vs sell) to tap into the wealth / liquidity,” “work with someone like Bitwise to write call options that generate income,” and “liquidate a portion over time.” His summary was unambiguous: “everyone is the most bullish they’ve been. I think the rotation is mostly some people psychologically derisking.”

We have many clients with immense amounts of Bitcoin.

Imo- it’s not that they no longer believe in BTC. It’s more timing and peace of mind:

They’ve got 100-1000x more wealth. They want to make sure it stays that way. They expect it will go higher but can also have periods of…

— Hunter Horsley (@HHorsley) November 2, 2025

Balchunas welcomed that nuance—“Good to hear… but it’s definitely something to keep an eye on… you need your base for long haul”—and Horsley added, “Well said. Yea the OGs I know are very convicted.” In other words, even if some supply is hitting the market, a meaningful subset of whales appears to be re-platforming exposure onto institutional rails rather than exiting outright.

That leaves a clean decision tree. If the whales taking profits still “think btc is a store of value and debasement hedge,” the market can digest supply as a healthy rotation into broader ownership. If, however, OG distribution coincides with Park’s cultural warning—where younger cohorts disengage and the payment-layer narrative atrophies—then what looks like cap-table maturation could mutate into a sponsorship problem.

Agree. Def something to watch. The q is do those OGs (after taking profits) still think btc is a store of value and debasement hedge? If so, no problem. If not, then they basically saying it was a ponzi the whole time, which is a problem.

— Eric Balchunas (@EricBalchunas) November 2, 2025

For now, the debate sits where Balchunas placed it: keep watching whether the profit-takers stay believers, and whether new buyers step in for reasons that go beyond “number go up.”

At press time, Bitcoin traded at $107,542.

Bitcoin channel loss confirmed, 1-week chart | Source: BTCUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Solana (SOL) has slipped below the critical $180 mark even as institutional inflows into newly launched Solana exchange-traded funds (ETFs) reached nearly $199 million in just one week.

The Solana price is hovering around $175, marking a 6.4% daily decline and extending a week-long correction that has erased almost 12% of its value. Despite ETFs managed by Bitwise, Grayscale, and 21Shares pushing total assets past $500 million, the influx of institutional capital has yet to stabilize prices.

Analysts attribute the weakness to a broader risk-off sentiment across global markets. Although President Trump recently announced a lower tariff imposition, crypto investors remain skeptical, fearing another policy reversal that could trigger a sharp market downturn.

SOL's price trends to the downside on the daily chart. Source: SOLUSD on Tradingview
Strong Fundamentals Overshadowed by Macroeconomic Fears
While the macro instabilities weigh heavily on the Solana price action, SOL’s underlying fundamentals remain strong.

The blockchain recently reported annualized revenue of $2.85 billion, growing nearly 30 times faster than Ethereum’s early-stage performance. The network continues to attract developers and corporate partners, including Western Union, which is building a stablecoin on Solana to power global remittances.

However, short-term traders remain cautious. Technical indicators reveal that the Solana price is consolidating below major moving averages, with key support around $172 and resistance between $188 and $192.

The RSI sits near 41, signaling that the asset is approaching oversold levels, while the MACD divergence suggests waning selling pressure. Still, a sustained rebound remains uncertain without a broader recovery in risk appetite.

Bulls Eye $200 in Solana Price as Macro Clouds Clear
For now, Solana’s near-term outlook remains bearish-to-neutral. A decisive break below the $172 support could open the door to deeper declines toward $157 or even $142, zones that previously attracted strong buying during October’s correction.

Conversely, defending the 200-day moving average at $179.78 and reclaiming $189–$200 could restore short-term bullish momentum.

Despite near-term volatility, analysts like Lark Davis maintain that Solana is “winning” against Ethereum in speed, scalability, and user growth. Long-term investors remain confident that institutional inflows, coupled with Solana’s expanding ecosystem, will eventually reflect in the Solana price action once global markets stabilize.

Cover image from ChatGPT, SOLUSD chart from Tradingview

Summary

Ethereum price trades near $3,604, up 1.2% on the day amid renewed network activity.
Stablecoin transfer volume on Ethereum just hit a record $2.82 trillion, signaling resurgent on-chain demand.
Can this spike in utility fuel ETH’s next leg higher toward $4,000–$4,200?

Ethereum (ETH) is holding firm around $3,604 as on-chain data shows the network processing a record $2.82 trillion in stablecoin volume this month. The surge underscores Ethereum’s dominant position as the settlement layer of choice for digital dollars, and could be a leading indicator of stronger demand for ETH itself.

The milestone comes amid a broader pickup in decentralized finance (DeFi) activity, with total value locked (TVL) on Ethereum up nearly 8% week-on-week. Following the Federal Reserve’s recent rate cut, liquidity has been rotating back into risk assets, and ETH appears to be a key beneficiary.

Ethereum price landscape on November 3rd
Ethereum’s price is fluctuating between $3,540 and $3,670, holding comfortably above its 100-day simple moving average. Market capitalization stands around $433 billion, while daily trading volume hovers near $15 billion.

Stablecoins, particularly USDT and USDC, continue to drive network utility, accounting for the bulk of Ethereum transaction throughput. Analysts view the surge as a reflection of growing demand for trust-minimized settlement and a sign of expanding global stablecoin adoption.

DeFi lending, tokenized real-world assets, and increased Layer-2 settlement volumes are also feeding into Ethereum’s fee markets, reinforcing ETH’s value capture narrative as “digital oil.”

Ethereum price could attempt a breakout
If on-chain activity and stablecoin flows remain elevated, ETH could attempt a breakout above $3,850, targeting the $4,000–$4,200 zone. Institutional flows into Ethereum-based ETFs have also accelerated in recent weeks, suggesting renewed investor confidence in ETH’s mid-cycle positioning.

A sustained move above $4,000 would likely signal the resumption of Ethereum’s post-merge structural uptrend, particularly as staking yields and Layer-2 growth continue to support network fundamentals.Ethereum price prediction.

ETH rally’s sustainability is shaky
However, the rally’s sustainability depends on continued on-chain momentum. A slowdown in stablecoin velocity or reduction in issuance could weaken the demand case for ETH. A failure to defend the $3,500–$3,550 zone would expose downside targets near $3,300–$3,400.

Broader macro risks, including renewed dollar strength or geopolitical shocks, could also dampen risk appetite across crypto markets.

At current levels, ETH remains technically and fundamentally supported. The record-breaking $2.82 trillion in stablecoin volume underlines Ethereum’s deep liquidity and enduring relevance as a financial settlement layer.

As long as ETH holds above $3,500, momentum favors a gradual climb toward $4,000–$4,200. A decisive breakout above $3,850 could confirm trend continuation into year-end.

The Ethereum outlook: bullish while network activity and liquidity stay strong, but vulnerable if the stablecoin engine powering demand begins to cool.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Key NotesBitcoin leads portfolio allocation at 34.54% on Lemon, surpassing stablecoins and Argentine pesos as users prioritize long-term value storage.Cryptocurrency purchases grew 126% in 2024 while stablecoin growth reached only 44.4%, marking a behavioral shift in Argentina's digital economy.Over 800,000 Lemon users now hold Bitcoin fractions, accumulating assets through daily transactions that reward crypto cashback on routine purchases.
Bitcoin

BTC
$106 608

24h volatility:
3.1%

Market cap:
$2.13 T

Vol. 24h:
$62.44 B

is the favorite currency by portfolio allocation to Argentine users of the financial app and crypto wallet Lemon, among 5 million registered accounts in Argentina and Peru. Data is from a private document shared by the Lemon team with Coinspeaker on November 3, 2025.

According to the up-to-date document, 34.54% of all reserves held by Lemon users are of BTC. The leading cryptocurrency is followed by stablecoins (25.71%) and Argentina’s fiat currency, pesos (21.19%). Ethereum

ETH
$3 616

24h volatility:
6.4%

Market cap:
$436.21 B

Vol. 24h:
$40.54 B

, the second-largest cryptocurrency by market cap, is Lemon’s fourth most-held asset, with 10.61%. Solana

SOL
$168.4

24h volatility:
8.4%

Market cap:
$93.11 B

Vol. 24h:
$8.21 B

and XRP

XRP
$2.37

24h volatility:
5.2%

Market cap:
$142.63 B

Vol. 24h:
$4.75 B

together only account for 3.35%, with 1.95% and 1.40% each, respectively. Other assets sum up to 4.59%.

Proof of reserves snapshot on November 3, 2025 | Source: Lemon

Ramiro Menne, Crypto Research and Growth Analyst at Lemon, explained that the data we see today comes as a behavior change in Argentina—leading to a higher accumulation of Bitcoin and altcoins instead of dollar-pegged tokens like USDC

USDC
$1.00

24h volatility:
0.0%

Market cap:
$75.61 B

Vol. 24h:
$9.24 B

and USDT

USDT
$1.00

24h volatility:
0.0%

Market cap:
$183.47 B

Vol. 24h:
$121.54 B

, which had seen a significant appeal in the past as “the most practical and liquid way to access the US dollar,” according to Menne.

“The perception of risk changed, and the US dollar lost much of its appeal as a store of value. Many users began to see Bitcoin not as a speculative bet but as a long-term investment,” Menne stated.

In 2024, stablecoin purchases grew by 44.4%, while Bitcoin and altcoin purchases increased by 126% and 158.5%, respectively. Today, over 800,000 Lemon users hold at least a fraction of Bitcoin in their wallets, per the document. This accounts for nearly 23% of the reported 3.4 million Argentines using the product, according to a post by Ramiro Menne from October 26 on X.

Siguiendo los movimientos en @lemonapp_ar de +3.4M de Argentinos desde un café en San Martín, donde todo empezó 🍋 pic.twitter.com/6tenQLh2mD

— ramenbtc – Edge City 🇦🇷 (@RamiroMenne) October 26, 2025

Pay Via Lemon, Earn Bitcoin
When it comes to in-app transactions overall, pesos and stablecoins remain the most frequently used assets within Lemon, said Ramiro, “balancing convenience for daily spending with the stability and liquidity of digital dollars.” For everyday payments made with Lemon’s QR system or VISA card, users primarily spend pesos.

“Most people deposit pesos into Lemon and use them for daily purchases, earning Bitcoin cashback in return. It’s a simple and accessible way to gradually accumulate Bitcoin through small, routine payments,” Menne noted.

Since 2021, the cashback model has already distributed the equivalent of over $29 million in Bitcoin to its users, which could also explain the growing portfolio allocation on the platform that leads crypto adoption in Argentina and Peru with 1.2 million monthly active users.

While the signal is mostly favorable to cryptocurrencies in LATAM countries like Argentina that went through serious economic challenges, Bitcoin “OG” whales appear to be derisking from the asset, as reported by Coinspeaker earlier today. Nevertheless, high-conviction institutions like Michael Saylor’s Strategy continue to accumulate, buying $45.6 million worth of 397 BTC, disclosed this Monday.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News

Vini Barbosa has covered the crypto industry professionally since 2020, summing up to over 10,000 hours of research, writing, and editing related content for media outlets and key industry players. Vini is an active commentator and a heavy user of the technology, truly believing in its revolutionary potential. Topics of interest include blockchain, open-source software, decentralized finance, and real-world utility.

Vini Barbosa on X

2 minutes ago

Investors trimmed exposure to Bitcoin funds amid US policy uncertainty, even as Bitwise’s new Solana staking ETF attracted strong debut inflows last week.

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Cryptocurrency investment products saw $360 million in outflows last week as investors reacted to Federal Reserve Chair Jerome Powell’s cautious remarks on future rate cuts.

Despite Wednesday’s rate cut, Powell’s remark that another one in December was “not a foregone conclusion,” combined with the absence of economic data due to the ongoing government shutdown, appears to have left markets uncertain, CoinShares reported on Monday.

Most of the selling pressure came from the US markets, which saw $439 million in outflows, partly offset by modest inflows from Germany and Switzerland. Bitcoin ETFs led the decline with $946 million in redemptions.

Weekly crypto asset flows. Source: CoinSharesEven as Bitcoin funds bore the brunt of outflows, not all assets followed suit. Solana stood out, attracting $421 million in inflows, its second-largest on record, driven by demand for newly launched US exchange-traded funds (ETFs), lifting year-to-date totals to $3.3 billion.

Ethereum also saw $57.6 million in inflows, although daily activity suggested a mixed sentiment among investors.

The outflows come after crypto products amassed $921 million in inflows the previous week, driven by lower-than-expected Consumer Price Index (CPI) data released on Oct. 24.

New Solana staking ETFBitwise’s new Solana Staking ETF (BSOL) debuted last Tuesday at $222.8 million in seed assets, signaling strong institutional demand for Solana staking products.

BSOL offers investors direct exposure to Solana (SOL) with an estimated 7% annual yield from onchain staking rewards.

By Friday, spot Solana ETFs had logged a fourth straight day of inflows, adding $44.48 million. 

Vincent Liu, chief investment officer at Kronos Research, told Cointelegraph the trend reflects growing interest in staking yields and ongoing “capital rotation,” as traders take profits from recent Bitcoin (BTC) and Ether (ETH) rallies.

Although Solana ETF inflows have surged, at the time of writing, SOL was trading around $166, down over 9% during the past 24 hours and around 26% over the past 30 days, according to CoinGecko data.

Solana price chart. Source: CoinGeckoMagazine: Solana vs Ethereum ETFs, Facebook’s influence on Bitwise: Hunter Horsley

In brief
BitMine Immersion Technologies added more than 80,000 ETH to its leading Ethereum treasury last week.
The firm now holds more than 2.8% of the entire ETH supply.
Shares of BMNR have fallen more than 8% as ETH continues its slide, now changing hands just over $3,600.
Publicly traded Ethereum treasury company BitMine Immersion Technologies (BMNR) added more than $294 million in ETH in the last week, as its Chairman Tom Lee remained bullish on a year-end run for Bitcoin and Ethereum, even as the company's share price has fallen in recent weeks.

The firm acquired another 82,353 ETH, bringing its balance sheet totals to 3,395,422 Ethereum or more than 2.8% of the circulating Ethereum supply which it has acquired at an average price of $3,909.

With ETH changing hands at $3,617, down more than 6% over the past 24 hours, the firm's investment has declined. BMNR shares were off more than 8% on Monday and have fallen about 25% over the past month.

Still, Lee is predicting an end-of-year rally.

“The market is consolidating,” said Lee on CNBC’s Squawk Box. “But if I look at fundamentals, like Ethereum, stablecoin volume has been exploding, application revenues are at all-time highs…right now fundamentals are leading price in crypto.” 

Lee pointed to crypto’s recent record-breaking $19 billion liquidation event as a reset point for the market, calling it a "miniature rupture” around which the market is consolidating. 

“I think eventually we consolidate, and rally into year end,” he said, calling a potential move to $150,000 or $200,000 for Bitcoin and $7,000 for Ethereum before the calendar turns. 

An explosive move up for ETH would significantly boost BitMine’s industry leading Ethereum treasury. At the time of writing, the firm holds more than $12.5 billion worth of ETH, making it the second largest crypto treasury, only trailing Bitcoin behemoth and digital asset treasury pioneer, Strategy, which holds more than $69 billion worth of Bitcoin. 

The firm also holds 192 Bitcoin worth around $20 million, a $62 million stake in EightCo Holdings (ORBS), and around $389 million in unencumbered cash. 

In a Myriad prediction market, 95% of respondents believe BitMine will hold more ETH than the second largest Ethereum treasury, SharpLine Gaming at the end of the year. Myriad is a unit of Dastan, the parent company of an editorially independent Decrypt.

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TL;DR Berachain shared new updates after the exploit impacting BEX pools, reinforcing that user fund protection remains the top priority. A new binary now blocks transfers from wallets tied to the exploited funds, allowing movement only to a Foundation-controlled address.

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