Market Signal Briefing

Key Takeaways Genuine Parts' Q3 EPS of $1.98 missed estimates but rose from last year's $1.88.Q3 sales climbed 5% to $6.26B, fueled by comps growth, acquisitions and forex gains.Genuine Parts lifted 2025 sales guidance to 3-4%, with stronger Automotive momentum.
Genuine Parts Company (GPC - Free Report) reported third-quarter 2025 adjusted earnings of $1.98 per share, which missed the Zacks Consensus Estimate of $2.02. The bottom line, however, increased from the year-ago quarter’s earnings of $1.88 per share. 

The company reported net sales of $6.26 billion, which surpassed the Zacks Consensus Estimate of $6.13 billion and grew 5% year over year. The increase was driven by a 2.3% contribution from comparable sales, a 1.8% boost from acquisitions and a 0.8% favorable impact from forex transactions.

Segmental PerformanceThe Automotive segment’s net sales totaled $4 billion in the reported quarter, up 5% year over year, thanks to comps growth, acquisition benefits and favorable forex transactions. The sales also surpassed our estimate of $3.87 billion. The segment’s comparable sales grew 1.6% year over year. EBITDA from the unit increased 5.9% to $335 million. EBITDA margin came in at 8.4%, up 110 basis points from the year-ago period.

The Industrial Parts segment’s net sales rose 4.6% year over year to $2.3 billion, courtesy of acquisition benefits and comps growth. The sales also beat our estimate of $2.24 billion. The segment’s comparable sales rose 3.7% in the reported quarter. EBITDA grew 6.6% to $285 million, with a margin of 12.6%, up 30 basis points year over year.

Financial PerformanceGenuine Parts had cash and cash equivalents worth $431 million as of Sept. 30, 2025, down from $480 million as of Dec. 31, 2024. Long-term debt was $3.75 billion at the end of the third quarter.

2025 GuidanceFor 2025, Genuine Parts expects overall sales growth of 3-4% versus the prior guided range of 1-3%. Automotive sales are now anticipated to increase 4-5%, compared with the previous forecast of 1.5-3.5% growth. Expectations for industrial sales growth were raised to 2-3% from 1-3% projected earlier.

The company now envisions adjusted earnings per share between $7.50 and $7.75 compared with the prior guided range of $7.5-$8. Operating cash flow is expected in the band of $1.1-$1.3 billion, unchanged from the previous guidance. The FCF projection was maintained in the range of $700-$900 million.

Zacks Rank & Other Key PicksGenuine Parts carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Some better-ranked stocks in the auto space are BRP Inc. (DOOO - Free Report) , Mobileye Global Inc. (MBLY - Free Report) and Autoliv Inc. (ALV - Free Report) . While Polaris and Mobileye sport a Zacks Rank #1, Autoliv carries a Zacks Rank #2 at present.

The Zacks Consensus Estimate for DOOO’s 2025 sales and earnings indicates year-over-year growth of 3% and 1%, respectively. EPS estimates for 2025 and 2026 have improved by 2 cents and 5 cents, respectively, in the past 30 days. BRP surpassed earnings estimates in each of the trailing four quarters, the average surprise being 49.5%.

The Zacks Consensus Estimate for MBLY’s 2025 sales and earnings indicates year-over-year growth of 11.6% and 36%, respectively. EPS estimates for 2025 and 2026 have improved by 1 cent and 2 cents, respectively, in the past 60 days. Mobileye surpassed earnings estimates in each of the trailing four quarters, the average surprise being 9.4%.

The Zacks Consensus Estimate for ALV’s 2025 sales and earnings indicates year-over-year growth of 2.4% and 13.3%, respectively. EPS estimates for 2025 and 2026 have improved by 11 cents and 16 cents, respectively, in the past seven days. Autoliv surpassed earnings estimates in each of the trailing four quarters, the average surprise being 12.5%.

Key Takeaways Q3 sales rise 1% to $430M, marking a new third-quarter record.European brands drive growth; Jimmy Choo up 16%, Lacoste near $100M annual sales.U.S. sales decline 6%; Separately, Roberto Cavalli surged 44% in the quarter.
Interparfums, Inc. ((IPAR - Free Report) ) announced its sales results for the third quarter, which ended Sept. 30, 2025, supported by solid demand for prestige and luxury fragrances despite a more selective consumer environment. The company remains confident about its long-term growth trajectory, citing continued innovation and portfolio expansion.

IPAR’s Steady Sales PerformanceFor the third quarter, Interparfums achieved a 1% year-over-year increase in consolidated net sales to $430 million, marking a new third-quarter record. Year-to-date sales also rose 1% to $1,102 million, reflecting ongoing resilience in global fragrance markets. A favorable dollar/euro exchange rate contributed approximately 2% to quarterly sales growth in the third quarter.

IPAR’s European-Based Sales PerformanceEuropean-based net sales advanced 5% year over year to $295 million, fueled by strength across key brands. The Jimmy Choo franchise continued its strong momentum, with sales climbing 16% in the quarter and 9% year to date, driven by the ongoing success of the I Want Choo line. Lacoste, in its second year under Interparfums’ management, remained a standout performer and is on track to surpass $100 million in annual sales for 2025.

The Coach brand also contributed meaningfully, with sales up 6% in the third quarter and 18% year to date, bolstered by the successful launch of Coach Gold. While Montblanc sales dipped modestly despite the introduction of Explorer Extreme, new releases such as Signature Elixir are expected to support growth into 2026.

IPAR Price Performance vs. Industry
Image Source: Zacks Investment Research

IPAR’s U.S.-Based MetricsU.S.-based net sales totaled $137 million, down 6% from the prior-year quarter. Excluding the phase-out of Dunhill fragrances, U.S.-based sales declined 5% in the third quarter and 6% year to date. The Dunhill phase-out was completed in Aug. 2024.

Among leading brands, GUESS fragrances slipped 3% due to a high comparison base, though demand is expected to strengthen in the final quarter of this year. Donna Karan/DKNY sales fell 14% versus strong prior-year results but are projected to rebound in the fourth quarter. In contrast, Roberto Cavalli continued to shine, surging 44% in the third quarter and 33% year to date, propelled by the successful launch of Serpentine and Just Cavalli Give Me Magic. MCM also delivered steady gains, with sales up 6% for the quarter.

Interparfums’ Management OutlookInterparfums continues to focus on maintaining flexibility and driving innovation amid a challenging global backdrop. Although certain markets remain under pressure, management expects ongoing pricing measures and a solid pipeline of launches to support improved performance through late 2025 and into 2026.

The company aims to strengthen its position in the prestige fragrance segment by broadening the portfolio mix, investing in new product development and deepening relationships with retail partners. These efforts, supported by strong brand recognition and expanding global reach, are expected to underpin steady growth in the year ahead.

This Zacks Rank #3 (Hold) stock has lost 2.6% in the past month against the industry’s rise of 0.7%.

Stocks to ConsiderUrban Outfitters ((URBN - Free Report) ), a lifestyle specialty retailer that offers fashion apparel and accessories, currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Urban Outfitters’ current fiscal-year EPS and sales indicates growth of 29.1% and 9.7%, respectively, from the year-ago period’s reported figures. URBN delivered an average earnings surprise of 24.8% in the last four quarters.

Genesco Inc. ((GCO - Free Report) ) operates as a retailer and wholesaler of footwear, apparel and accessories, sporting a Zacks Rank of 1 at present. GCO delivered a trailing four-quarter earnings surprise of 28.1%, on average.

The Zacks Consensus Estimate for Genesco’s current fiscal-year EPS and sales indicates growth of 71.3% and 3.7%, respectively, from the year-ago period’s reported figures.

Stitch Fix, Inc. ((SFIX - Free Report) ) engages in the provision of clothing and accessories in the United States and currently carries a Zacks Rank #2 (Buy). SFIX delivered an average earnings surprise of 51.4% in the last four quarters.

The Zacks Consensus Estimate for Stitch Fix’s current financial-year EPS indicates growth of 69.7% from the year-ago figure.

French satellite operator Eutelsat reported worse-than-expected first quarter revenues on Tuesday as a decline in sales at its video business offset strong demand for government services, notably in Ukraine.

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In F5 (FFIV) To Contact Him Directly To Discuss Their Options

If you purchased or acquired stock in F5 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648.

Click here to participate in the action.

NEW YORK, Oct. 21, 2025 (GLOBE NEWSWIRE) --

What’s Happening:

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against F5, Inc. (“F5” or the “Company”) (NASDAQ:FFIV) on behalf of F5 stockholders. Our investigation concerns whether F5 has violated the federal securities laws and/or engaged in other unlawful business practices. Investigation Details:

On October 15, 2025, F5 revealed that it had learned in early August that a “highly sophisticated nation-state threat actor had gained unauthorized access to certain F5 systems.” The Company added, “during the course of its investigation, F5 determined that the threat actor maintained long-term, persistent access to certain F5 systems, including the BIG-IP product development environment and engineering knowledge management platform,” and that “through this access, certain files were exfiltrated, some of which contained certain portions of the Company’s BIG-IP source code and information about undisclosed vulnerabilities that it was working on in BIG-IP.” On this news, the price of F5 shares declined by $35.40 per share, or approximately 10.70%, from $330.75 per share on October 15, 2025 to close at $295.35 on October 16, 2025. Next Steps:

If you purchased or otherwise acquired F5 shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at [email protected], by telephone at (212) 355-4648, or by filling out this contact form.  There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
[email protected]
www.bespc.com

BNB is showing strong resilience amid a market cooldown, with on-chain data and active address growth suggesting a potential challenge to Ethereum.Analysts highlight BNB’s structural strength, consistent impulse phase, and record transaction volumes as signs of lasting network health.Despite BNB’s surge, Ethereum’s lead in DeFi, smart contracts, and market capitalization keeps it firmly ahead—for now.The competition between Ethereum (ETH) and BNB Coin (BNB) is intensifying as the latter shows remarkable resilience amid a cooling crypto market.

While ETH continues to dominate, multiple signals have sparked the debate over whether BNB could challenge the second-largest cryptocurrency’s position in the market.

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BNB vs. Ethereum: Could Network Growth and Market Strength Tip the Balance?The crypto market has seen many ups and downs over the past years, with the recent crash pulling it below $4 trillion. Despite this volatility, Ethereum has maintained its position as the second-largest crypto asset after Bitcoin (BTC).

However, could this dominance be challenged? Three key signals represent early warnings of a potential shift.

From a technical perspective, the BNB/ETH chart shows a long-term bullish structure shaped by cycles of expansion and correction. While volatility remains, the broader picture still points to BNB holding a structural advantage.

BNB/ETH Chart. Source: TradingViewAltcoin Vector also noted in a post on X (formerly Twitter) that BNB has outperformed ETH so far this year.

“It’s not just price: BNB maintained a consistent impulse phase, strong enough to forge its own BNB Season. While ETH’s impulse faded, BNB’s stayed alive, sustaining structure even after the deleveraging event,” the post read.

Another signal of BNB’s momentum is the jump in daily active addresses. Altcoin Vector emphasized that BNB’s value goes beyond short-term price moves — it’s backed by strong real-world usage.

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The large number of active addresses means many users are transacting on the network, showing steady demand and adoption.

“BNB’s active addresses show sustained user engagement, a sign of network health and adoption.Even after the shock, participation remains structurally strong,” Altcoin Vector wrote.

BNB’s Active Addresses Spike Post-Deleveraging. Source: X/Altcoin VectorLastly, BNB has also seen a record surge in on-chain volume, reflecting heightened liquidity and significant ecosystem activity. Altcoin Vector pointed out that,

“BNB’s on-chain volume spiked with daily peaks of coins transferred proving liquidity surges, large transactions, and ecosystem activity. BNB Meme Season? Finished even before it get started. However, on-chain volume is still alive. It’s not only about price action, but fundamentals: liquidity and active participants.”

BNB’s On-Chain Volume. Source: X/Altcoin VectorStill, despite BNB’s strong signals, Ethereum’s established lead in smart contract infrastructure, DeFi, and market capitalization remains significant. According to BeInCrypto Markets data, ETH controls a market share roughly three times greater than BNB. Moreover, development and innovation on Ethereum persist.

Thus, challenging Ethereum’s dominance is no easy task. Its deep-rooted ecosystem, developer community, and network effects have kept it firmly in second place for years, making any potential shift a gradual and hard-fought process.

The next few years may further test both sides of this debate. Whether BNB’s ongoing surge can lead to a shift in market capitalization or if Ethereum’s dominance will withstand this latest challenge remains to be seen as crypto markets evolve.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Key Takeaways
What does the Stochastic RSI suggest about Mantle’s short-term price movement? 
It signals a potential rebound as it bounces from oversold levels.

How are long-term investors responding to Mantle’s recent dip? 
They’re steadily increasing their holdings, indicating confidence in a future bullish reversal.

Mantle [MNT] has dipped by over 10% in the past 24 hours, at press time, after facing rejection at a key 20-day EMA resistance.

Despite the overall bearish sentiment, the Stochastic RSI was showing oversold signals, suggesting a possible price reversal.

This raises the question: will Mantle continue its downward trend or stage a short-term bullish bounce?

Bears hold the reins, but RSI lashes some hope!
The sharp rejection at the 20-day EMA has reinforced short-term selling pressure, pushing MNT deep into a downtrend channel.

However, the Stochastic RSI’s oversold reading offers a glimmer of hope for a possible short-term rebound. At press time, Mantle’s Stochastic RSI was bouncing from an oversold region, suggesting that bulls could chip in to defend the zone.

If the bulls manage to defend the 50-day EMA support at around $1.74, a relief bounce toward $2 could play out.  On the flip side, if the support fails to hold, MNT prices could dip further to test lower supports.

Source: TradingView

On-chain metrics lean bearish
With MNT’s recent price action sparking mixed signals, most of the tokens’ on-chain metrics spark bearish signals. Alongside the recent price drop, the number of short positions in the market is surging in both the spot and futures markets.

According to the recent CryptoQuant Taker Cumulative Volume Delta data.

Source: CryptoQuant

Despite this, a notable increase in trading activity suggests that the market could soon see heightened volatility, especially if buyers step in at current oversold levels.

Spot Retail activity data indicates an increase in retail orders in the spot market. The increased retail orders with the current seller dominance and price drops suggest that short-term traders are gambling on the short positions. In short, they are anticipating further price drops.

However, with the stochastic RSI sparking reversal signals, chances for a potential short correction cannot be ignored.

Source: CryptoQuant

MNT holders’ surge indicates a long-term bullish bias
With most of the indicators pointing to a bearish run continuation, Token Terminal Holders data point to a potential long-term bullish reversal.

The number of MNT holders has been on a steady surge, indicating that big players are betting on the potential reversals, unlike the short-term traders who are currently leveraging on volatility.

Source: Token Terminal

The XRP era: $1B Nasdaq listing and 1,000% liquidity surge mark a sensational comeback Oluwapelumi Adejumo · 1 min ago · 3 min read

For nearly five years, XRP was the crypto token that couldn’t shake its courtroom shadow.

This resulted in its price stagnating, exchanges delisting it, and institutional desks quietly stepping away as the US Securities and Exchange Commission (SEC) pursued Ripple Labs over allegations of unregistered securities sales.

During that time, other assets sprinted ahead. Bitcoin and Ethereum cemented themselves as blue-chip digital assets. Solana reinvented itself through memecoin mania and on-chain speed.

Meanwhile, XRP, once marketed as the bridge currency for global payments, sat on the sidelines, waiting for regulatory clarity that never came.

That clarity finally arrived in August 2025, when the SEC formally dropped its remaining claims against Ripple, ending one of crypto’s longest-running legal battles.

With the case finally settled, the regulatory cloud that had hung over XRP for years lifted, allowing the token to trade freely in US markets for the first time since 2020 and restoring its place in institutional discussions.

Liquidity returnsPost-settlement, XRP’s market structure has changed dramatically. With compliance risk reduced, liquidity providers have returned to the ecosystem in force.

According to Coinglass data, the asset’s average daily futures volume has surged from under $1 billion to more than $10 billion. Notably, the volume peaked above $74 billion following Donald Trump’s 2024 election victory.

AT the same time, open interest across major derivatives venues has also risen more than 1,000% year on year. Also, XRP’s spot price is up 443%, outpacing Solana and Cardano over the same period.

As a result, the token now ranks among the most actively traded altcoins in the top 10 by market capitalization.

Analysts at Kaiko attributed the renewed momentum to institutional desks rebuilding exposure. In a Q1 report, the firm wrote:

“The average 1% market depth for XRP on Kaiko Indices-vetted exchanges surpassed that of SOL during the first quarter and was around $4 million higher by the end of March.”

The $1 billion treasury betThat institutional momentum is gaining a new expression through Evernorth, an XRP-focused digital-asset treasury company that announced plans to list on Nasdaq through a SPAC merger.

The transaction is expected to raise over $1 billion in gross proceeds, including a $200 million commitment from SBI Holdings and additional participation from Pantera Capital, Kraken, and GSR. Ripple co-founder Chris Larsen is also among the investors.

Evernorth’s structure is modeled after a corporate treasury vehicle, designed to purchase XRP directly from open markets, seed liquidity pools, and launch institutional yield programs. Notably, the firm has described its strategy as an “XRP market stabilization and utility initiative.”

If successful, Evernorth’s listing under the ticker XRPN would become the first public vehicle offering regulated exposure to XRP. This would allow a new wave of institutional funds, pensions, and ETFs to buy into Evernorth shares and gain indirect exposure to the high-flying digital asset.

Crypto researcher Ripple Bull Winkle believes this would lead to significant adoption and growth for the digital asset and further boost its price.

According to him:

“When a publicly listed company or a regulated fund accumulates an asset on the open market, every purchase adds real demand. There’s no pre-mine, no discount, no OTC sweetheart deals. It’s market-rate buying pressure that tightens supply.”

The ETF showdownParallel to the Evernorth news, XRP’s ETF narrative has intensified with several renowned asset managers filing for approval.

While the ongoing US government shutdown could delay the approval timeline, the amended filings before the shutdown mean the proposals remain active. Still, several industry experts believe the chances of approval for these products remain high.

Should those approvals materialize, several market analysts expect $5–8 billion in inflows within the first year. This would potentially vault XRP ETFs into the top three digital-asset funds by assets under management.

At the same time, the approval would cement XRP as a legitimate asset class for investors seeking exposure to the emerging industry. This would effectively formalize XRP’s transition from a payments token to a recognized institutional asset class, completing the same market-maturity cycle Bitcoin ETFs achieved earlier this year.

Building the institutional bridgeBeyond speculative flows, Ripple has spent roughly $3 billion in acquisitions over the past two years to strengthen its payments and custody infrastructure.

During this period, the company acquired Metaco, Hidden Road, Rail, and GTreasury, signaling an intent to integrate custody, liquidity management, and cross-border payments under one regulated architecture.

At the same time, Ripple has applied for a US national bank charter with the Office of the Comptroller of the Currency (OCC), while expanding licensing in more than 60 jurisdictions.

Through its Ripple Payments network, the company now connects banks and fintechs across Europe, the Gulf, and Africa. Moreover, it is pursuing partnerships worldwide to cement its role in the mainstream financial ecosystem.

These moves suggest a strategy to expand its trading volume and embed XRP into compliant financial plumbing. The XRP Ledger has already seen its payment transactions grow by more than 430% in under two years and is expected to increase further.

Considering this, Ripple CEO Brad Garlinghouse stated:

“The past few years have reminded this industry why payments, first and foremost, is THE primary use case for crypto and blockchain. Payments are where Ripple first started for exactly these reasons – the infrastructure is complex, siloed and inefficient, but as we know, perfectly positioned to benefit from decentralized financial technologies.”

Mentioned in this article

Latest XRP Stories Latest US Stories Latest ETF Stories Press Releases

Tue, 21/10/2025 - 14:07

BlackRock shifted 2,854 BTC and 29,639 ETH worth half a billion dollars to Coinbase Prime in just a day, as nearly $1 billion in ETF outflows hit Bitcoin and Ethereum.

Cover image via U.Today

BlackRock, the world’s largest asset manager with $11 trillion in AUM, moved a big batch of Bitcoin and Ethereum out of its ETF wallets in recent days. Data from Arkham shows 2,854 BTC worth roughly $314 million and 29,639 ETH valued near $115 million were sent to Coinbase Prime — so the total is now $430 million. Both addresses were tied directly to BlackRock’s iShares Bitcoin Trust and iShares Ethereum Trust.

These transfers line up with a heavy week for redemptions across spot ETFs. Last week alone, $1.23 billion left Bitcoin funds, with Oct. 16 recording $536 million in outflows alone — the biggest single-day withdrawal this month. The next day, Oct. 17, added another $366 million. 

The pressure did not stop there as, in this new week, in the span of two days, more than $900 million were pulled out.

Key reasons are to be found on the price charts. Bitcoin trades near $108,000, failing to make it over $110,500, and with the stronger ceiling at $115,400 looking unreachable right now. Ethereum, at the same time, remains under the crucial psychological mark of $4,000, with no clear inflow support. 

HOT Stories

Does BlackRock really sell Bitcoin and Ethereum?As of now, the story seems obvious: while ETF investors pulled out capital, BlackRock wallets released underlying coins into Coinbase Prime, the broker that handles settlement and execution or, in other words, the selling of those BTC and ETH. 

BlackRock selling Bitcoin and Ethereum remains the main theory because, when shares are redeemed, the fund must deliver crypto back, and Coinbase Prime receives it. Arkham’s data just confirms that nearly half a billion dollars in Bitcoin and Ethereum left BlackRock’s custody within the same window that spot ETFs bled close to a $1 billion in two days. 

Related articles

Bitcoin’s rally to $112,000 fizzled fast as weak open interest and low funding rates revealed fading momentum.

Bitcoin (BTC) briefly rose to just under $112,000 on Monday before dropping back to about $107,700, suggesting that recent gains may be running out of steam.

The move followed a weekend rebound from below $104,000, but analysts now warn that weak derivatives activity and upcoming U.S. inflation data could bring more turbulence.

Short-Lived Uptick Reveals Market Fatigue
At first, the price rise from $106,000 to nearly $112,000 seemed positive, but an assessment by analyst CryptoMe, shared on social media on October 21, shows that key market metrics tell a different story.

According to the market technician, Open Interest, which reflects the total number of outstanding derivatives contracts, did not climb significantly during BTC’s price ascent. CryptoMe interpreted this as little appetite for opening new leveraged positions.

Furthermore, the funding rate stayed below the neutral level of 0.01, and CME futures saw low volume, meaning traders weren’t willing to pay extra to keep long positions.

“In short, there wasn’t the aggressive liquidity inflow or position-opening enthusiasm we were hoping for,” wrote the analyst.

This technical weakness comes at a sensitive time. On Friday, October 24, the latest U.S. Consumer Price Index (CPI) data will be released. All financial markets pay close attention to this inflation report, and in the past, it has caused big price swings in cryptocurrencies.

A higher-than-expected figure could put a lot of downward pressure on Bitcoin, with the current market structure showing that buyers are mostly concentrated between $97,500 and $104,000, while the $100,000 level serves as an important psychological support.

You may also like:

Bitcoin (BTC) Drops Below $108K, Aster (ASTER) Tumbles by Double Digits: Market Watch

4-Year Bitcoin Cycle Is a ‘Big Misunderstanding’ – PlanB

Analyst: Bitcoin Drop Near $101,700 Could Confirm a New Bear Market

“There’s visible demand in this range. But don’t forget, psychological supports are not very strong supports,” CryptoMe cautioned.

Meanwhile, CoinGecko data shows that Bitcoin has dropped 2.5% in the last 24 hours and 4.6% in the past week. The flagship cryptocurrency is now worth 14.5% less than its all-time high recorded on October 6, when it exceeded $126,000. Market capitalization stands at roughly $2.15 trillion, with daily trading volume around $60 billion.

Analysts Split on Next Move
Given its recent performances, observers are divided over Bitcoin’s next direction. Dr. Profit recently told followers that “bulls will be proven wrong,” predicting a drop below $101,000 soon, while veteran trader Bob Loukas warned that “complacency here is dangerous” as Bitcoin enters a critical point in its four-year cycle.

On the other hand, CryptoAmsterdam suggested in a post today that BTC has “reclaimed the range low” and could still hold it as mid-term support, even though a deeper retrace is possible if that level breaks. On his part, Titan of Crypto noted that the monthly LMACD cross, still unconfirmed, could signal either a cycle top or the start of a bear phase.

Given Ethereum's recent price slide, SharpLink's total ETH holdings are worth about $3.5 billion, about the same as last month.

TL;DR

The Synfutures (F) token soared over 121% following its exclusive listing announcement on the Upbit exchange.
Synfutures is a derivatives DEX that dominates 80% of the trading volume on Coinbase’s Base network.
The (F) trading volume multiplied ninefold despite the general bearish market trend.

The (F) token from the decentralized derivatives exchange (DEX) Synfutures experienced an explosive surge. The bullish trend occurred after the announcement of its exclusive listing on Upbit, one of South Korea’s main exchanges. Immediately after the announcement, market interest drove the token’s price to a surge of over 121.1% above the previous day’s close.

At the time of this writing, the (F) token was trading at $0.01474, consolidating a 58.2% gain in 24 hours, according to Coingecko data. This buying frenzy, triggered by the Synfutures listing on Upbit, strongly contrasts with the general bearish trend the cryptocurrency market was experiencing this Tuesday.

Synfutures operates as a fully on-chain deployed derivatives DEX, utilizing an Automated Market Maker (AMM) system known as ‘Oyster AMM’. This architecture is designed to maximize capital efficiency, offering Concentrated Liquidity (CLAMM) features and leverage for both professional market makers and general users.

The platform stands out for enabling perpetual futures trading on a variety of assets, including cryptocurrencies and Real World Assets (RWA) such as WTI crude oil and gold.

Dominance in the Base Ecosystem
The Synfutures listing on Upbit shines a spotlight on a protocol that has already demonstrated significant dominance in Coinbase’s Base ecosystem. Synfutures has quickly captured nearly 80% of all derivatives trading volume on the Base network, attracting liquidity providers and active traders thanks to its efficient market structure.

This performance has positioned Synfutures as a top-tier competitor in the derivatives DEX space, beginning to be evaluated in the same category as giants like dYdX and Uniswap. Furthermore, the platform is expanding its utility by integrating the GameFi and NFT markets through its NFT derivatives platform, ‘NFTunes’, and plans to add AI-driven predictive trading features.

The listing’s impact was evident in the trading volume. Coingecko data shows that (F)’s volume multiplied ninefold compared to previous days, with this massive increase occurring within just three hours of the Upbit announcement. The exchange confirmed it will support the (F) token on the Ethereum network.

Open interest in Bitcoin futures has been progressively recovering in the past few days following a sharp drop on October 10 that pushed OI (in BTC) from 741,500 to 624,4000 – a 16% single-day drop.

However, these levels have not been seen since May this year, back when BTC traded at $103,000 and the bull market was just getting started. Hence, traders don’t seem to be ready to jump back into the market just yet.

That said, negative net inflows from Bitcoin exchange-traded funds (ETFs) decelerated yesterday to $40 million but have still finished the day in red territory for four sessions in a row, further confirming that investors are cautiously reducing their positions.

During this period, more than $1 billion has been taken out of BTC-linked vehicles. Although this sounds like a lot, it is nothing when expressed as a percentage of the $61 billion that these funds still manage.

For now, the evidence is not there to support that this could be the beginning of a bear market. In contrast, historical trends suggest that Bitcoin could bounce strongly off this level as extremely negative market sentiment tends to be a contrarian indicator.

Weekly Trend Favors Bullish Outlook for Bitcoin
The weekly chart for BTC shows that the top crypto is nearing a key support at the 50-week simple moving average (SMA). When such a move is paired with a low reading in the Fear and Greed Index, Bitcoin has bounced strongly to make a higher high just a few weeks later.

BTC/USD Weekly Chart – Source: TradingView

The last time this happened was in April 2025, when the Fear and Greed Index dropped to as low as 17. Back then, BTC traded for $77,000. Just 4 months after, the token reached a new all-time high as it climbed to $123,000.

Hence, only a bearish breakout below the 50W SMA would fully invalidate Bitcoin’s bullish outlook at this point. The last time this happened was in December 2021, when a full-blown bear market started that pushed BTC from $40,000 to $16,000 in a year.

The 50W SMA currently stands at $100,000, making this the key level to watch from a technical standpoint. Macroeconomic conditions are still favorable, unless the Fed fully discards the possibility of another rate cut.

Hence, this could be a good opportunity to scoop up BTC while it still trades at $100,000, as this could be the definite bounce that the token needs to start its ascent to $200,000 before the year ends.

The crypto market remains volatile as Bitcoin consolidates above the $108,000 mark, while Solana (SOL) emerges as one of the most active altcoins this week. After testing resistance around the $190–$200 zone, traders are now eyeing whether the SOL price can sustain its momentum or face another rejection.

Ethereum continues to consolidate between institutional zones, with clear boundaries defined by $3.4K support and $4.6K resistance. The current symmetrical triangle formation signals a period of compression, with breakout potential in either direction.

Technical Analysis
By Shayan

The Daily Chart
On the daily timeframe, ETH remains trapped in a mid-range structure between the $3.4K institutional demand zone and the $4.6K supply zone. The rejection from $4.2K coincided with a retest of the broken ascending trendline and the 100-day moving average, both now acting as resistance levels.

Momentum has slowed, and ETH is currently ranging near the midline of its broader range and below the 100-day MA. The 200-day MA around $3.1K continues to serve as the final dynamic support, while the $3.4K demand zone, a level that absorbed liquidity during the Trump tariff crash, has repeatedly attracted buying interest.

For ETH to regain bullish momentum, the price must close decisively above $4.2K, reclaiming the mid-range and setting up a move toward $4.6K. Until that happens, the broader structure remains neutral to slightly bullish, supported by the long-term ascending trend and institutional accumulation zones below.

Source: TradingView
The 4-Hour Chart
The 4-hour timeframe shows ETH forming a symmetrical triangle, reflecting market indecision following the recent selloff. The pattern’s upper boundary aligns with the $4K resistance, while the lower boundary is supported by the $3.8K short-term range floor.

This structure represents a liquidity compression phase, where volatility continues to narrow before a directional breakout. If bulls manage to break the upper trendline, a rally toward $4.4K–$4.6K would be expected, coinciding with the higher range boundary and institutional supply zone. Conversely, a breakdown below $3.7K could expose the $3.4K demand zone once again.

Until confirmation, the price is expected to oscillate within this narrowing range, a typical setup for traders waiting for volatility expansion.

Source: TradingView
Sentiment Analysis
By Shayan

Ethereum’s funding rates across all exchanges have recently turned negative, mirroring the sentiment observed during major market bottoms in past cycles. Historically, periods of negative funding rates, when short positions dominate and perpetual traders pay a premium to hold them, have preceded sharp bullish reversals, as seen in late 2024 before the rally toward $4.8K.

The current negative readings suggest fear-driven shorting pressure, which, paradoxically, often acts as fuel for upward movements once selling exhaustion sets in. If this condition persists while ETH maintains structural support near $3.8K–$3.4K, it could set the stage for another short squeeze-driven recovery into the upper range.

Source: CryptoQuant

Prediction markets are placing bigger bets on Satoshi Nakamoto making a move this year than on Jesus Christ returning. Back in July, traders only gave Bitcoin's mysterious creator a 3.7% shot at moving BTC—but by Oct. 13, that chance had leapt to 15%, turning the odds into a full-blown crypto prophecy watch.

Binance Bitcoin outflow metric shows traders preferring to hold rather than sell with 30-day moving average strongly negative signaling accumulation, as MVRV ratio slips below 365-day average marking cyclical bottom formation with path to $130,000 requiring break above $120,000 resistance.

Bitcoin may be the world’s most secure digital asset, but for years its base layer has limited the kinds of financial applications developers could build on it. 

That changes with the launch of Arkade, the first significant Bitcoin layer-2 solution since the Lightning Network nearly a decade ago.

Developed by Ark Labs, the protocol enters public beta with a bold mission: to turn Bitcoin into a programmable financial platform without compromising the security that has made it “digital gold,” according to a note shared with Bitcoin Magazine. 

Arkade builds on the Ark protocol, first introduced two years ago, which promised a new way to scale Bitcoin while unlocking new applications. 

The launch also introduces Arkade Assets, a native multi-asset framework designed to bring stablecoins and other tokens to Bitcoin’s execution layer, including planned support for Tether (USDT). For an ecosystem long dominated by Ethereum and other chains when it comes to decentralized finance, this is a notable step toward putting advanced financial tools back on Bitcoin.

“The Bitcoin L2 landscape has been full of promises but light on shipping,” said Marco Argentieri, CEO of Ark Labs. “Today’s release marks the beginning of Bitcoin’s evolution as programmable money.”

Technical and cultural Bitcoin norms The challenge Ark Labs is addressing is both technical and cultural. Bitcoin’s base layer is intentionally conservative, prioritizing security and censorship resistance over complex programmability. 

While Lightning offered off-chain payments, other financial applications — lending, trading, or structured derivatives — required workarounds such as wrapped tokens or custodial platforms. 

Arkade attempts to take a different approach: instead of altering Bitcoin’s consensus rules or creating separate chains, it virtualizes Bitcoin’s UTXO-based transaction system, preserving its security while enabling new capabilities.

Developers can now build sophisticated financial applications directly on Bitcoin: lending protocols, trading platforms, smart wallets, and yield products — all without relying on bridges or compromising user control. 

User assets remain secured by presigned transactions, meaning funds can always be reclaimed on-chain if needed.

Arkade’s technical innovations include Virtual Transaction Outputs (VTXOs) for instant off-chain execution, batch settlement to compress thousands of operations into a single Bitcoin transaction, and integration with the Lightning Network through Boltz to facilitate liquidity swaps. Initial launch partners include Breez, BlueWallet, BTCPayServer, and exchanges like BullBitcoin and LayerZ Wallet (builders of BlueWallet), according to the note.

Stablecoins on Bitcoin? For the Bitcoin community, the launch signals more than just another protocol. It represents a turning point in the narrative around Bitcoin as money versus Bitcoin as programmable infrastructure.

Stablecoins, which have largely migrated to Ethereum and other chains, may find a secure home on Bitcoin. For users, this could mean safer, more efficient ways to manage digital assets and access financial services without leaving the Bitcoin ecosystem.

“Arkade isn’t just a product launch; it’s the foundation for the next decade of Bitcoin development,” said Alex Bergeron, Ark Labs’ Ecosystem Lead. “Every major financial application needs a programmable foundation. That’s what we’re building.”

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a junior news reporter for Bitcoin Magazine, based in North Carolina.

Key Takeaways
Why is the AKT price outlook bearish?
The trend for the altcoin has been bearish throughout 2025, and the coin will be targeting new lows due to the overall seller dominance.

What should Akash Network bulls watch out for?
A price move beyond the $1 level would be the first sign that bulls were back in control. Even then, a quick recovery would likely be tough.

Distributed cloud computing protocol Akash Network [AKT] was in the news recently when it suffered no downtime while Amazon Web Services went down for hours. Its founder, Greg Osuri, celebrated this as a success.

He had also explained in a post on X that the project will migrate to a new network. They are paying attention to chains whose performance was impacted by the AWS outage, he revealed.

The protocol mentioned the burn mint equilibrium model in a post on X. The model aims to boost the structural demand for AKT and reduce effective circulating supply.

What does the price action reveal about AKT’s potential future trends?

Bearish long-term trend dismays Akash Network investors

Source: AKT/USD on TradingView

The weekly chart of AKT showed a long-term downtrend in progress. Even the market-wide rally in November-December 2024 failed to set new highs for the year. Instead, it fell just short of the $5 mark.

In the eleven months that followed, the price of Akash Network token has declined another 86%. The $2-$2.5 zone had been a strong support level in 2024, but was retested as resistance in May 2025.

A similar scenario may develop with the $0.78-$1 supply zone above AKT prices. The $0.766 level crumbled under selling pressure, and the $0.63 support could be the next target.

The moving averages and the RSI highlighted persistent bearish momentum in the market. The OBV was sinking toward the 2025 low, another sign of seller dominance.

Source: AKT/USD on TradingView

On the 12-hour chart, the bearish outlook was just as strong. The crash beneath the psychological $1 level has left a large imbalance, aligning with the higher timeframe supply zone.

The OBV was making new lows, and the RSI continued to show firm bearish momentum.

Using the previous week’s swing move southward, a set of Fibonacci extension levels were plotted. The next price targets for AKT are $0.533 and $0.456, according to the extension levels.

Meanwhile, a move back above $1 would be needed to signal a potential halt to the downtrend. Since the long-term trend was downward, investors and traders might not want to bet on a quick recovery.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

Key takeaways:

Solana's double-bottom below $180 signals potential price recovery to $250.

Institutional demand for SOL rises with $156 million in weekly ETP inflows, driven by hype for potential Solana ETF approvals.

Solana (SOL) price formed a potential double-bottom pattern below $180 on the daily chart, a setup that could help SOL price recover toward $250 in the weeks ahead.

Solana Bollinger Bands could lead to a recoveryVeteran chartist John Bollinger says it may be “time to pay attention,” spotting potential W-bottom reversals on Ether and Solana using his Bollinger Bands framework. 

The call follows SOL price double-dipping near the $175 area before stabilizing, implying a bigger move may be in the cards. 

This is an encouraging sign from Solana, according to Bollinger. The Bollinger Bands (BB) indicator uses standard deviation around a simple moving average to determine both likely price ranges and volatility.

Bollinger Bands are forming the second low of a W-shaped pattern formation — a double-pronged bottom followed by an exit to the upside — on the daily chart.

BTC/USD weekly chart with Bollinger Bands. Source: Cointelegraph/TradingView
In this situation, SOL’s drop to $172 on Oct. 11 was the first bottom, and Friday’s drop to $174 was the second, retesting the lower boundary of the BB.

If confirmed, Solana's price could recover from the current levels, first toward the neckline of the W-shaped pattern at $210, before rising toward the target of the prevailing chart pattern at $250.

“Solana is looking very constructive here, with the RSI nearing a momentum breakout and the MACD heading for a bullish cross,” said crypto YouTuber Lark Davis in an X post on Monday.

An accompanying chart showed SOL price forming a potential W (double-bottom) in the daily time frame. 

“Price target here is $250 if the W confirms, which will happen on a neckline break.”SOL/USD daily chart. Source: Lark DavisThe key thing now is for “bulls to hold the 200-day EMA,” Lark Davis added.

As Cointelegraph reported, a new uptrend will begin once buyers drive the price above the 20-day EMA, currently sitting at $200.

Investors increase exposure to SolanaInstitutional demand for SOL investment products appears to be increasing, according to data from CoinShares.

SOL exchange-traded products (ETPs) posted weekly inflows of $156.1 million in the week ending Oct. 17, bringing their inflows for the year to $2.8 billion.

Crypto funds net flows data (as of May 30). Source: CoinSharesConversely, global crypto investment products recorded net outflows of $513 million, with investors particularly de-risking from Bitcoin (BTC), the only major asset to see outflows totaling $946 million last week.

CoinShares’ head of research, James Butterfill, said:

“Hype for the Solana ETF launches drove inflows.”The US Securities and Exchange Commission (SEC) is expected to decide on nine spot Solana ETF applications, which have been delayed by the government lockdown. 

Approvals could unlock billions in institutional capital, as seen with REX-Osprey Solana Staking ETF, SSK, which debuted on July 2 with over $33 million in first-day volume.

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.

Aster has gone down by 11% in the past 24 hours as cryptocurrencies continue to show significant signs of weakness ahead of this week's inflation report.

TL;DR

Bitget Wallet now allows users to pay gas fees in stablecoins such as USDT, USDC, and BGB, simplifying cross-chain transactions.
The integration of EIP-7702 enables externally owned accounts to gain smart wallet features temporarily, including transaction batching and gas sponsorship.
This update works across both EVM and non-EVM networks, expanding accessibility and reducing the need to manage multiple native tokens for gas.

Bitget Wallet has launched a major upgrade that enables users to pay gas fees using stablecoins instead of network-native tokens. By integrating Ethereum’s EIP-7702, transactions can now be completed across eight major blockchains including Ethereum, Solana, Polygon, Base, TRON, BNB Chain, Arbitrum, and Optimism using USDT, USDC, or BGB.

The feature removes the requirement to hold native tokens for gas, making wallet self-custody simpler and more user-friendly. It also allows for smoother onboarding of new users and reduces transaction delays caused by insufficient native token balances, enhancing the overall user experience.

Stablecoin Gas Payments Across Multiple Chains
The update allows users to conduct transactions without maintaining native tokens on each blockchain. With support for EVM and non-EVM ecosystems, Bitget Wallet users can now pay fees directly with stablecoins, streamlining cross-chain operations. This functionality reduces friction for users who frequently move assets between networks and eliminates the need for swapping tokens solely for covering gas costs. It also opens opportunities for developers to integrate more user-friendly applications on top of these wallets, improving ecosystem efficiency and adoption.

Jamie Elkaleh, Chief Marketing Officer at Bitget Wallet, highlighted that the integration bridges the experience gap between decentralized and centralized platforms. Users can now manage self-custody wallets while enjoying convenience previously found only in centralized exchanges. The feature supports a seamless transaction experience across multiple chains without extra account upgrades or structural changes.

EIP-7702 Enables Advanced Wallet Capabilities
EIP-7702 temporarily gives externally owned accounts features typically reserved for smart contract wallets, such as transaction batching and gas sponsorship. Unlike many other solutions that require smart account upgrades or limited chain coverage, Bitget Wallet’s implementation works across all supported networks without altering the user’s original wallet. This mechanism enhances usability while preserving full user control.

The upgrade places Bitget Wallet in direct competition with other wallets experimenting with gas abstraction technologies, including MetaMask, OKX Wallet, and Base App. However, the broad chain coverage and stablecoin payment options set it apart, providing a more unified and accessible solution for global users. By removing one of the main friction points in blockchain use, Bitget Wallet’s EIP-7702 integration encourages wider adoption, supports developers building cross-chain applications, and ensures a smoother, more predictable transaction experience.

Key Insights:

Analyst predicts Chainlink breakout above $25 could spark a rally toward $100.
Whale accumulation near $16–$18 signals strong support and growing investor confidence in LINK.
Chainlink partnerships and $92B secured value strengthen its position as a leading oracle network.

Chainlink Set for Rally as Breakout Above $25 Could Potentially Lead to $100 Target
Chainlink (LINK) is showing signs of renewed bullish momentum as large investors continue to accumulate the token. The cryptocurrency, which has recently experienced a price decline, is now forming a potential reversal setup that could pave the way for a rally toward $25 and possibly higher levels in the medium term.

Whale Accumulation Suggests and Market Performance
According to analyst Ali_charts, the next time Chainlink breaks $25, it could ignite a bull rally to $100, reflecting market optimism tied to current accumulation levels. This trend suggests growing interest from large investors who are positioning for a possible breakout. The structure indicates a consolidation phase that could precede a significant price expansion.

Potential Breakout | Source: X
Key Fibonacci extension levels in the projection indicate potential targets at $32, $53, and $100 if the breakout is sustained. The $16–$18 range appears to be forming strong support, reinforcing the view that a breakout above $25 may mark the start of a significant rally.

Chainlink is trading near $17.89, down about 5% in the past 24 hours and 7.5% over the past week. Despite this decline, analysts point to a strong support zone around $16, where more than 54 million LINK were accumulated.

Resilience and Expanding Partnerships

Meanwhile, Interest in Chainlink rose again after its oracle services remained operational during a recent Amazon Web Services outage that affected several major platforms. This event demonstrated the project’s decentralized reliability compared to traditional systems.

Despite today’s widespread cloud outage impacting much of the public Internet, Chainlink oracle services operated without interruption and remain fully operational.

This reliability includes Data Feeds & Streams securing 70% of the oracle-enabled DeFi economy, CCIP enabling… pic.twitter.com/tHhQS1G6dd

— Chainlink (@chainlink) October 20, 2025

Chainlink Labs’ Q3 report detailed partnerships with Swift, DTCC, and Euroclear, as well as a pilot project involving the U.S. Department of Commerce. These collaborations have supported Chainlink’s evolution from an oracle network to a broader infrastructure platform enabling tokenized assets.

Chainlink currently secures over $92 billion in total value across its network, representing nearly 68% of the oracle market, according to DeFiLlama. With growing institutional interest and continued whale accumulation, the token appears poised for potential upward movement. A confirmed breakout above $25 resistance could mark the start of a broader rally, with projections suggesting a possible move toward the $100 target zone.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Institutional asset managers are deepening crypto adoption by leveraging secure partnerships and expanding ETF offerings in the digital asset market.

Key Takeaways

BlackRock deposited nearly $314 million in Bitcoin (BTC) and $115 million in Ethereum (ETH) into Coinbase Prime.
Coinbase Prime provides custody, trading, and brokerage services for large institutions in the crypto space.

BlackRock, the world’s largest asset manager, deposited approximately $314 million in Bitcoin and $115 million in Ethereum into Coinbase Prime within 24 hours. The institutional-grade platform provides custody, trading, and prime brokerage services for cryptocurrencies to major firms.

BlackRock has been frequently transferring Bitcoin and Ethereum to Coinbase Prime as part of ongoing portfolio management, reflecting the asset manager’s expanding cryptocurrency ETF offerings through institutional digital asset transfers.

BlackRock’s repeated use of Coinbase Prime for cryptocurrency deposits demonstrates broader institutional strategies in digital asset markets, with growing adoption of Bitcoin and Ethereum through asset management firms’ custody arrangements.

Disclaimer

Aave is onboarding structured-yield tokens backed by real-world assets onto its lending protocol by teaming up with Maple.

Summary

Aave and Maple teamed up to bring institutional capital to DeFi
Maple will bring yield-bearing assets to Aave’s lending protocol
The partnership will start with syrupUSDT launching on Aave’s Plasma

As institutional appetite for DeFi grows, major players are making moves. On Tuesday, October 21, on-chain asset manager Maple and decentralized lending protocol Aave partnered to bridge the gap between institutional capital and on-chain liquidity.

Notably, Maple will bring yield-bearing assets to Aave, including its yield-bearing stablecoin syrupUSDT. According to the two companies, these “institutional-grade” assets will boost Aave’s liquidity and bring in institutional capital. In addition, the partnership will also allow Aave to access Maple’s network of borrowers.

“This partnership brings together Maple’s high-quality institutional assets with Aave’s deep liquidity and unmatched scale,” said Stani Kulechov, Founder of Aave. “Institutions gain greater utility and deeper liquidity, enabling them to better manage capital.”

The partnership will kick off with the launch of Maple’s yield-bearing stablecoin syrupUSDT on Aave’s Plasma instance. Shortly thereafter, syrupUSDC will launch on Aave’s core market. The two firms stated that more of Maple’s assets will follow.

Maple and Aave to bridge DeFi and TradFi
syrupUSDC and syrupUSDT are tokenized yield-bearing products backed by institutional loans managed by Maple. According to the firm, these overcollateralized assets open up institutional lending opportunities to a broader range of market participants.

“At its core, this integration is about connecting two critical pieces of infrastructure: deep liquidity and high-quality credit,” said Sid Powell Co-Founder, Sid Powell. “Aligning two of the industry’s most established protocols, this move lays the foundation for the next phase of sustainable growth in decentralized finance, where institutional capital and decentralized protocols work together at scale.”

Powell told crypto.news that the partnership “strengthens the core infrastructure of DeFi.” He also stated that it shows how “mature protocols can work together to drive sustainable growth for the entire ecosystem.”

Ethereum’s price remained under increased pressure this week as ETF outflows rose and sentiment in the crypto industry worsened.

Summary

Ethereum price has formed a big bullish flag pattern.
It has remained above the 200-day moving average, pointing to a rebound.
The supply of Ether tokens on exchanges has dropped to a multi-year low.

Ethereum (ETH) was trading at $3,900 at press time, down more than 21% from its highest point in September. Still, technical analysis suggests that the price may be ripe for a strong advance soon.

Ethereum price chart analysis
The daily timeframe chart shows that Ethereum’s price has pulled back in the past few months. The price has dropped from a high of $4,963 in August to $3,900 today.

The coin has moved below the important support level at $4,087, which was the highest point on Dec. 6 and Dec. 24 last year. The price also moved below the 50-day Exponential Moving Average.

On the positive side, Ethereum has held steady above the 200-day moving average at $3,570. The price has also formed a bullish flag pattern, which often leads to a strong bullish breakout.

The price is now in the descending channel of this pattern after completing the flagpole. Also, the coin is slightly above the Major S/R pivot point at $3,750.

Therefore, the token will likely bounce back in the coming days, with the initial target at the weak stop-and-reverse point of the Murrey Math Lines tool. A move above that level will point to more gains, potentially to the ultimate resistance at $5,000.

ETH price chart | Source: crypto.news
ETH supply in exchanges is falling
One of the top catalysts for Ethereum price is that there is robust demand from investors despite the recent ETF outflows. Data shows that these funds have had over $14 billion in inflows since their inception in July last year. They now hold coins worth about $26 billion or 5.56% of the market cap.

Another sign of Ethereum demand is that exchange balances have continued falling this year. Exchange balances have plunged from 27 million in 2022 to 15.9 million today. Falling exchange reserves are a sign that investors are moving their coins to self-custody.

Meanwhile, more investors are staking ETH coins. StakingRewards data shows that the staking market cap stands at $140 billion, while the staking ratio is at 30%.

Ethereum’s network is doing well, especially in the stablecoin industry. Stablecoin supply has jumped by 1.35% in the last 30 days to $167 billion, while the adjusted transaction volume hit $1 trillion.