Market Signal Briefing

The cryptocurrency market is gradually gaining momentum as bullish updates like the US government reopening emerge. While most tokens remained relatively calm the past 24 hours after yesterday's surges, Uniswap's native coin has extended its gains, now up over 35% on its daily chart.

Bears regained control after early rally rejection, with exceptional selling volume confirming new lower trading range around $3,565-$3,589. Nov 11, 2025, 6:39 a.m.

According to CoinDesk Research's technical analysis data model, Ether ETH$3,554.95 retreated 1.5% during Tuesday's session as bears overwhelmed early bulls near critical resistance.

ETH plunged from $3,629 to $3,576 within a $136 trading range as selling volume spiked 138% above normal levels. The breakdown confirms bears now control the near-term direction after weeks of consolidation.

STORY CONTINUES BELOW

The selloff accelerated after ETH rejected the $3,646 resistance level during early morning trading. Exceptional volume of 338,852 contracts drove the decisive break below $3,590 support. This key level had previously provided reliable demand during recent volatility. ETH touched an intraday low of $3,532 before stabilizing near current levels.

Price action now shows lower highs despite multiple recovery attempts. The bearish structure emerged following the failed breakout attempt above $3,646. Volume normalized in final hours, suggesting the new $3,565-$3,589 trading range reflects genuine institutional selling rather than temporary liquidity gaps.

Technical Breakdown vs Institutional Accumulation: What Traders Should WatchTechnical factors dominated Tuesday's session as momentum indicators flashed warning signals across multiple timeframes. The $3,646 rejection triggered cascading stops that overwhelmed recent institutional buying interest. Republic Technologies' $100 million ETH allocation and BitMine's 3.5 million token holdings provided insufficient support against the technical breakdown.

The $3,590 support failure marks a critical shift in market structure for ETH bulls. This level had served as a reliable demand zone during recent price swings. With momentum deteriorating and volume patterns confirming distribution, traders now eye further downside testing before any sustainable recovery emerges.

Key Technical Levels Signal Caution for ETHSupport/Resistance: Primary support sits at $3,510-$3,530 cluster, with broken $3,590 level now acting as resistance

Volume Analysis: Breakdown volume of 338,852 exceeded 24-hour average by 138%, confirming institutional selling participation

Chart Patterns: Lower high formation at $3,646 followed by support breakdown establishes bearish continuation setup

Targets & Risk/Reward: Immediate downside target sits at $3,510 support, with further weakness toward $3,480-$3,500 zone likely

CoinDesk Index 5 (CD5) Market Analysis - 10 November 03:00 UTC to 11 November 02:00 UTCCD5 edged higher from $1,840 to $1,843 during volatile 24-hour trading that featured extreme price swings and distribution patterns across major crypto assets, with the index touching $1,869 highs before sellers emerged near resistance levels and drove prices back toward session averages.

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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BTC drops after facing rejection at former support-turned-resistance.

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An Argentine federal judge, Marcelo Giorgi, has frozen assets linked to the President Milei-backed LIBRA memecoin scandal.

An analyst has explained a dream scenario for XRP based on a Bull Flag that the cryptocurrency has potentially been following on the monthly chart.

XRP Could Be Trading Inside A Bull Flag Pattern
In a new post on X, analyst Ali Martinez has discussed about how XRP has been forming a Bull Flag recently. The “Bull Flag” is a type of Flag from technical analysis (TA).

A Flag pattern looks like, as its name suggests, a flag on a pole. A consolidation channel with two parallel trendlines forms the “flag” portion, while an initial sharp move represents the “pole.” In a Bull Flag, the pole is charted by a move in the up direction.

Generally, Flags are considered to be continuation patterns, meaning that a breakout tends to happen in the same direction as the preceding trend. In a Bull Flag, as the pole corresponds to a rally, the breakout move is also in the bullish direction.

Like the Bull Flag, there is also a pattern in TA called the Bear Flag, appearing when the pole is made up by a sharp downward move. Naturally, the breakout is considered more probable in the down direction in this case.

Now, here is the chart shared by Martinez that shows the Bull Flag that the 1-month price of XRP has possibly been traveling inside for the past year:

Looks like the price of the asset is in the middle of the channel at the moment | Source: @ali_charts on X
As displayed in the above graph, XRP is currently trading inside the consolidation channel of the Bull Flag. Martinez has noted that a dream scenario for the cryptocurrency could now be to retest the $1.90 level, then observe a rally that ends in a bullish breakout.

The $1.90 mark is where the lower level of the flag channel is located. This level usually acts as a support barrier, helping keep the price above it. A rebound at this level could be the spark to a run to $10, according to the analyst.

This target is based on the fact that a Bull Flag breakout is considered to be of the same height as the pole. It now remains to be seen whether XRP will find a break beyond this flag, and if it will follow a path anything like that charted out by the pattern.

The 1-month price isn’t the only timeframe on which XRP is trading inside a parallel channel right now. As Martinez has pointed out in another X post, the 3-day price is also stuck in a similar consolidation pattern.

The parallel channel that the 3-day price of the asset has been trading inside | Source: @ali_charts on X
“If this bull run keeps going, XRP could offer a solid buying opportunity at $1.90 before rallying to $6,” said the analyst, based on this pattern.

XRP Price
At the time of writing, XRP is trading around $2.53, up 10% over the last 24 hours.

The trend in the price of the coin over the last five days | Source: XRPUSDT on TradingView
Featured image from Dall-E, charts from TradingView.com

Crypto markets stayed mostly flat on Nov. 11 as the U.S. Senate advanced a funding resolution, nearing an end to the 40-day government shutdown. 

Summary

Crypto prices today held steady as the U.S. Senate advanced a deal to end the government shutdown.
Investor sentiment improved slightly, though caution persists, with liquidations and open interest showing minor changes.
Analysts see the shutdown resolution as a potential catalyst for a short-term recovery.

The total crypto market capitalization slipped 0.4% to $3.6 trillion. Bitcoin traded at $105,349, down 1%, while Ethereum fell 1.5% to $3,564. XRP edged up 1.2% to $2.49, and Solana dropped 1.2% to $165.

Market sentiment remained subdued. The Crypto Fear & Greed Index fell three points to 26, staying in the “Fear” zone. Data from CoinGlass showed total liquidations over the past 24 hours dropped 6% to $339 million, while open interest across crypto markets declined 2% to $145 billion.

The average market relative strength index remains stable at 51 after a few volatile weeks, indicating a balanced market.

How U.S. government shutdown hurt crypto
The extended government shutdown forced most non-essential federal activities to pause, pushing the Treasury’s cash reserves to record highs and draining liquidity from other parts of the market. Because crypto tends to move in step with overall liquidity conditions, it felt the impact more sharply.

Delays in releasing economic data and halts in regulatory decisions added to investor uncertainty, prompting brief waves of selling. The shutdown’s widespread impact also worsened the deleveraging event that occurred in October, causing Bitcoin to drop over 20% from its peak around $126,000.

Why the end could trigger a relief rally
Following the Senate’s vote, awaiting House approval, previously restricted liquidity will be released, allowing government spending to resume. Regulators may also pick up where they left off with pending processes, like potential approvals for exchange-traded products.

Analysts say that active oversight and restored liquidity, especially for high-risk assets like cryptocurrencies, could lead to a relief rally. Investors, however, are still showing cautious optimism.

Prices have steadied after October’s sharp declines, but upcoming economic data and comments from the Federal Reserve could still influence market direction. If risk sentiment keeps improving, many traders expect Bitcoin to make a move toward the $110,000–$115,000 range soon. Ethereum may next move towards $3,800.

Bitcoin Traders Eye Seasonal 'Santa Rally' as Fed Moves Spur Volatility HopesStrategic accumulation and potential liquidity easing measures could breed a Santa rally, according to analysts.Updated Nov 11, 2025, 6:01 a.m. Published Nov 11, 2025, 5:20 a.m.

Bitcoin’s weak October may be setting up the conditions for a year-end rebound — the so-called “Santa Claus Rally” that has historically lifted crypto markets in December.

Data from Coinglass shows that bitcoin has ended six of the past eight Decembers in the green, with gains ranging from 8% to 46%, indicating a consistent seasonal tailwind for the world’s largest digital asset.

STORY CONTINUES BELOW

“We’re observing a shift from panic selling to strategic accumulation by long-term holders… this recovery trajectory, bolstered by anticipated Fed rate cuts and institutional adoption, positions the market for a robust Santa rally,” Nick Ruck, director at LVRG Research said in a Telegram message.

A “Santa rally” is when bitcoin tends to rise in December as traders position for year-end optimism and light holiday trading amplifies price moves. Historically, it has finished the month higher in most years, sometimes posting strong double-digit gains.

The pattern reflects market seasonality, where prices follow recurring calendar trends driven by investor psychology, tax planning, and portfolio adjustments. In crypto, it usually signals a shift from profit-taking to renewed accumulation as traders look ahead to the new year, setting the tone for risk appetite and liquidity across the broader digital asset market.

Tariff dividendAnalysts point to U.S. President Donald Trump’s proposal of floating a $2,000 stimulus check based on tariff dividend, which some observers said could be reminiscent of the COVID-era rally

“President Trump floated a new stimulus check in the form of a $2000 tariff dividend directly to the American populace, in addition to a new 50-year mortgage to improve housing affordability,” Augustine Fan, Head of Insights at SignalPlus said.

“The 'tariff-dividends' are reminiscent of the covid stimulus checks that were a direct and effective money-printing stimulus, while the ultra-long duration mortgages will improve housing affordability while adding extra capital leverage to the system," Fan added.

Both of these measures should be viewed as new forms of liquidity easing and should be positive for risk assets in general, and are treated as such so far today, Fan explained.

New vol regimeBitcoin may be entering a new phase of volatility, not the kind driven by meme speculation or retail mania, but by deeper structural shifts in liquidity and leverage, some opine.

“Bitcoin’s volatility in 2026 will likely remain structurally elevated, though for different reasons than in past cycles,” Rachel Lin, CEO and co-founder of SynFutures, said in an email. “What we’re seeing now is the maturation of Bitcoin’s volatility. It's less about speculative hype and more about how institutional flows, liquidity conditions, and derivatives positioning interact within a tighter global financial framework.”

“From a macro lens, the two variables to watch are global liquidity and real rates. Bitcoin’s historical 0.6 - 0.7 correlation with U.S. liquidity indicators (such as the Fed’s balance sheet and M2 growth) suggests that if global central banks pause easing or re-tighten in 2026 amid tariff-driven inflation (scenarios flagged by the IMF and BIS) , price swings could re-emerge quickly,” Lin added.

The setup in 2025 looks similar. Bitcoin BTC$106,433.16 has dropped roughly 3% so far in November after a volatile October, but on-chain data points to accumulation by smaller holders while large wallets remain on the sidelines.

Whales holding more than 10,000 BTC have been net sellers for three months, continuing to unwind positions established during the first-quarter ETF inflows. Meanwhile, smaller investors holding under 1,000 BTC have quietly added to their stacks, offsetting some of that selling pressure.

If historical seasonality holds and with Trump’s proposed $2,000 tariff dividend dangling another potential liquidity jolt, crypto markets may once again ride December’s well-worn path. One of quiet skepticism giving way to year-end euphoria.

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Arthur Hayes, co-founder of BitMEX and one of the crypto industry's most influential voices, believes that evolving U.S. fiscal policies could act as a major catalyst for both Bitcoin (BTC) and Zcash (ZEC).

Bitcoin held steady as global stocks and gold rose after the US Senate passed a bill to end the historic shutdown, sending it to the House for approval.

ETH Sofia 2025 showed the Balkans rising as a focused, high-energy hub for Web3 progress.Organizers aimed to unite scattered regional talent and link developers, entrepreneurs, researchers, and local initiatives.Workshops, academic talks, and open sessions connected students, researchers, founders, and regulators around blockchain education.Bitget stressed regional potential and outlined a unified fintech model that cuts needless user complexity.The second edition of ETH Sofia positioned the Balkans as one of Europe’s most dynamic intersections of academic research and blockchain innovation.

As Sofia once again turned into a meeting point for builders, thinkers, and innovators, ETH Sofia 2025 confirmed why the Balkans are becoming one of Europe’s most promising Web3 regions. From founders, academics, and regulators to sponsors and developers, the event reflected a shared ambition: to educate, connect, and drive the next wave of blockchain progress.

Having hosted both the first and second editions of ETH Sofia, I’ve had the chance to watch the event rise from a bold local experiment into a regional benchmark for collaboration between the blockchain industry, academia, and public institutions. What once felt like an emerging scene now feels like a structured movement with knowledge exchange at its core.

Over two days, ETH Sofia welcomed more than 550 participants from over 20 countries, featuring 80 speakers, 26 main stage sessions, and 12 side events across the city.

The program extended beyond panels with workshops, open-stage talks, and academic presentations that connected students, researchers, and founders in meaningful discussions about the future of blockchain.

For founder Vlad Dramaliev, ETH Sofia has always been more than a conference. He said:

“The vision has always been twofold: to bring the Bulgarian crypto community together and to educate newcomers about permissionless blockchain technology and themes like DeFi, privacy, Web3 security, trading automation, and regulation.”

Dramaliev emphasized the importance of showcasing Balkan innovation:

“Conferences like ETH Sofia are reflections of the ecosystem and should serve as amplifiers of the success of represented projects.”

He also noted the growing regional collaboration:

“ETH Belgrade was an inspiration. We even discussed synchronizing Balkan crypto events so they occur one after another. That’s harder in practice, but the idea remains strong.”

The human side of moderation
Moderator Alexandra from Thrilld Labs shared how she prepared to guide conversations on stage.

“I’m not a natural public speaker. As a kid, I was very shy. But once I started bartending and later became a founder, it changed.”

Her approach is built on preparation:

“I research every speaker, practice names, and pay attention to what’s covered on stage so I can make smooth transitions or add a small joke.”

She credited the event team for creating an exceptional experience.

“The front-end of the stage is what people see, but the real full-stack experience is built by the team working for months behind the scenes. ETH Sofia’s team was epic.”

Her favorite sessions included Nicolas Bacca’s talk from Ledger and ZKNox, and Khashim Arziyev’s insights from Binance. “Both were smart, engaging, and accessible, which isn’t always an easy balance.”

Uniting a fragmented region
Tina Petkova, Event Manager of ETH Sofia, described ETH Sofia’s mission as bridging gaps within the Balkan Web3 ecosystem. She said:

“Our goal was to unite developers, entrepreneurs, and researchers under one roof and make ETH Sofia feel like their event: by the community, for the community.”

“The biggest challenge was the fragmentation of the community. The region is full of talent, but it’s scattered. Balancing newcomers with global protocol veterans turned into one of the event’s greatest strengths.”

She added that building continuity is key:

“If we can help the Balkan crypto community grow and make ETH Sofia their annual networking and knowledge-sharing event, then our mission is complete.”

Bitget’s commitment to the region

Among ETH Sofia’s main partners was Bitget, whose COO Vugar Usi Zade emphasized why supporting such events matters. He explained:

“We chose to sponsor ETH Sofia because it’s an important gathering for the Web3 community in Eastern Europe. Being present at these events is crucial for Bitget.”

Education, he added, is at the heart of Bitget’s mission.

“Providing top-tier services is only half the effort; the other half is education. Events like ETH Sofia create a platform for dialogue and knowledge exchange.”

He described the Balkans as “a genuine untapped powerhouse of Web3 talent and innovation, ready to become a major European hub.”

Building the next generation of fintech
During his talk titled Building the Next-Gen One-Stop Fintech Ecosystem, Usi Zade spoke about the need for simplicity in a fragmented financial landscape:

“Users are forced to jump between multiple platforms. The market is ripe for a truly integrated solution: a unified, seamless platform consolidating all essential financial services.”

He added that this shift is inevitable:

“Fragmented, specialized platforms are becoming obsolete. A next-gen unified exchange like Bitget UEX eliminates unnecessary complexity.”

Comparing ETH Sofia to other Ethereum community events, he pointed to the region’s energy.

“ETH Sofia stood out for its exceptionally engaged local community. The enthusiasm reflected the growing crypto adoption in Eastern Europe, making it a particularly vibrant and practical gathering.”

A reflection of the region’s growth
What made this year’s edition stand out was its balance between theory and practice. ETH Sofia 2025 blurred the lines between academia and industry; a space where professors discussed blockchain economics alongside founders building next-generation protocols.

That mix of academic depth and entrepreneurial execution might just be what defines the next chapter of Web3 in the Balkans. It’s no longer about whether the region can keep up with global innovation. It’s about how far it can lead it.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

In brief
Cohorts holding 10,000-100,000 ETH have grown their balance by 52% since April.
Analysts see a high probability of a local bottom near $3,200, contingent on stable macro conditions.
The Fusaka upgrade could boost L2 scalability but may also reduce network fee revenue.
A distinct shift in Ethereum's spot order activity suggests large investors are accumulating the asset at discounted prices, reflecting behavioral changes that have historically signaled potential trend reversals. 

So-called whales, holding 10,000-100,000 ETH, have increased their balances by 7.6 million tokens since late April, a 52% increase. At the same time, retail wallets holding 100 to 1,000 ETH have sold off, reducing their holdings by 16%, according to CryptoQuant data.

The metric measuring higher-than-average spot volumes for executed trades was observed multiple times after Ethereum dropped to $3,000 in early November.

The pattern often marks "the start of trend reversals or late-stage compression phases before major upswings," according to CryptoQuant verified analyst ShayanMarkets.

A second wind?"The likelihood of whale accumulation forming a local bottom remains high," Shawn Young, chief analyst of MEXC Research, told Decrypt. "This cycle looks similar to previous bottoms, marked by large wallets absorbing sell-side liquidity from short-term holders."

Young pointed to the stability of the ETH/BTC ratio at multi-month lows as a sign of relative strength. That’s further supported by a 25% uplift in daily transactions from September levels and by the normalization of the staked Ethereum discount following the $19 billion market wipeout on October 10.

The marker is not confined to Ethereum and reflects the recent shift in broader market dynamics, driven by an improving macroeconomic outlook, including the possibility of an end to one of the U.S.’s longest-running government shutdowns.

 “Whale accumulation makes sense, and we see the same for Bitcoin as well, with new participants coming in to absorb sell pressure from OGs that believe in a four-year cycle,” Lai Yuen, investment analyst at Fisher8 Capital, told Decrypt. “If macro conditions continue to hold up well...chances of this becoming a local bottom are high for Ethereum at $3,200 and Bitcoin at $98,000.”

“There is still a lot of excitement from traditional finance regarding asset tokenization,” Yuen added, highlighting that a supportive regulatory backdrop could provide a further catalyst. 

A formal crypto market structure bill could also help lift Ethereum prices, as greater clarity permeates the market, ending a regulatory overhang that could be sidelining investors, Yuen added.

But the government shutdown would need to end soon if bipartisan talks are to resume this year, Decrypt previously reported.

Fusaka upgradeThe institutional re-entry narrative is also being fueled by the Fusaka upgrade, scheduled for mainnet activation on December 3. 

The highly anticipated update is poised to boost the network’s scalability and reduce transaction costs by adding dedicated data lanes for rollups, allowing Layer 2 protocols to scale and freeing up the main chain.

"This is a significant update because what’s next for Ethereum adoption is coming from real-world applications and DeFi protocols, all of which would depend on cheaper, faster transactions," MEXC’s Young explained.

Additionally, the upgrade will introduce Peer Data Availability Sampling, enabling nodes to share smaller data pieces rather than whole blocks, reducing bandwidth and hardware requirements. 

Reduced node requirements could allow more people to participate in network validation, thereby theoretically increasing decentralization and security.

Despite some solid home runs, Yuen highlighted a potential trade-off. 

With the introduction of blob lanes and improved blob fees, it will be cheaper for Layer 2 protocols to build on Ethereum, the analyst noted, suggesting that it could “lead to a decline in fees, thus reducing Ethereum burn.”

Still, if the current accumulation behaviors persist and the $3,000 to $3,400 region holds as support, analysts expect Ethereum to enter a consolidation phase that could pave the way for further upside.

Ethereum is down 1.6% over 24 hours and is currently trading at $3,560, according to CoinGecko data.

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According to Samson Mow, chief executive officer at JAN3, "newish" buyers are actually the source of the recent sell-off. 

He claims that those who purchased Bitcoin in the last 12-18 months are now taking profits after securing relatively modest gains (roughly 20%-30%).   

These investors are now jumping ship after reading about the cycle peaking this year. Hence, they are rushing to lock in their gains before it is too late, Mow claims. 

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As reported by U.Today, there has also been a lot of selling by Bitcoin OGs, according to on-chain data. Mow claims that this has also influenced more recent buyers, who are now rushing for the exit. 

Pinning hopes on 2026 After 2025 has turned out to be an extremely underwhelming year for Bitcoin holders, the bulls are now pinning their hopes on 2026. 

Mow claims that 2026 is going to be a great year for crypto, echoing Cardano founder Charles Hoskinson.  

This sentiment is somehow shared by banking giant JPMorgan, which recently predicted that the BTC price could reach $170,000 this year. 

After a steady performance in the broader crypto market—where Bitcoin traded around $105,000 and altcoins traded selectively—Uniswap (UNI) has emerged as one of the standout gainers. The leading decentralized exchange token climbed above the $12 mark, gaining over 4% in the last 24 hours as traders rotated toward DeFi assets with strong on-chain activity.  Moreover, the recent proposal by the Uniswap founder, ‘UNIfication,’ seems to have had a huge impact on the UNI price. However, the question arises whether the bulls can keep up the momentum and push the rally to $12.

Why is the Uniswap Price Rising Today?Uniswap’s ecosystem saw a surge in activity after founder Hayden Adams unveiled a bold governance proposal titled “UNIfication.” The plan seeks to activate protocol fees, burn UNI tokens using those fees, and remove 100 million UNI from the treasury, marking a major shift toward a deflationary model that rewards holders.

The announcement sparked a sharp rally, with UNI jumping over 30% in hours to a two-month high. The proposed mechanism would channel a share of DEX trading fees into token burns—reducing supply and enhancing UNI’s long-term value outlook.

On-chain data supports the optimism: Uniswap’s 24-hour trading volume exceeded $2.9 billion, and UNI’s own trading volume climbed more than 500% as investors responded to the tokenomics overhaul. If approved, the proposal could set a new standard for DeFi protocols linking protocol revenue directly to token value.

UNI Price Analysis: Can it Reach $12?At press time, Uniswap trades near $8.81, marking a 30% increase in the past 24 hours. The token has maintained higher lows since early November, indicating a steady bullish structure. With a massive rise in the volume that hit the highs above $2.6 billion from levels around $500 million, the UNI price marked an intraday high above $10. Currently, the rally is cooling off, but from a wider perspective, it is preparing for the next bullish wave. 

The weekly chart suggests the UNI has become more volatile since 2024 as Bollinger bands display extreme variations after remaining stable for nearly 2 years. Despite the current rise, the bands remain largely parallel, suggesting the token will maintain an ascending consolidation until it reaches the upper band, which coincides with one of the important resistances at $12. Besides, the weekly MACD displays a drop in selling pressure while the levels head for a bullish crossover. The technicals indicate that the Uniswap price is poised for a major breakout, with a daily close above the average bands at $8.7 validating a rise above $11 and a rise above $12. 

What’s Next for UNI Price?With Uniswap’s “UNIfication” proposal shaking up the DeFi landscape, market sentiment around UNI has turned decisively bullish. Traders are eyeing a potential continuation of the rally if the governance vote passes and fee activation goes live. A confirmed burn of 100 million UNI from the treasury could tighten circulating supply, supporting further upside momentum.

However, short-term volatility is likely as investors assess the proposal’s implementation timeline and broader crypto market trends. If Bitcoin holds above key psychological levels, UNI could extend gains toward its next resistance zone, while any delay in governance approval might trigger a brief cooldown. Overall, Uniswap’s shift toward a deflationary token model positions UNI as one of the most promising large-cap DeFi tokens to watch in the coming weeks.

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.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

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Uniswap, the largest and first-ever decentralized exchange, launched in 2018, has just made a big move. The platform has submitted its first governance proposal called “UNIfication,” introduced by founder Hayden Adams aims to activate protocol fees and use them to burn UNI tokens.

Following this announcement, UNI’s price surged nearly 40%, touching a day high of $10.

Uniswap founder Adams has proposed a major upgrade called UNIfication, aiming to activate protocol fees for the first time and introduce a UNI-burning system. The plan seeks to reward both liquidity providers and token holders while turning Uniswap into a self-sustaining ecosystem.

The proposal also suggests burning 100 million UNI from the treasury as a retroactive burn, representing tokens that could have been burned if fees had existed earlier.

Additionally, Uniswap plans to launch Protocol Fee Discount Auctions, allowing users and LPs to bid for fee-free trading periods, adding more utility and engagement to the platform.

Uniswap Massive Buyback PlanAdding depth to the conversation, MegaETH Labs member BREAD estimated the potential impact of the proposal. If Uniswap adjusts its 0.3% trading fee by allocating 0.25% to LPs and 0.05% to UNI buybacks, it could generate around $38 million in monthly UNI buybacks, based on $2.8 billion in annualized fee revenue.

This would place Uniswap’s projected buyback strength above PUMP’s $35 million and just below HYPE’s $95 million, making it one of the most profitable decentralized projects today.

This proposal goes beyond just numbers, it marks a big step forward for Uniswap’s governance model. It shows that decentralized protocols can run smoothly while benefiting both users and investors.

If approved, UNIFication could lay the groundwork for long-term value growth, possibly making UNI one of the most deflationary assets in DeFi.

The proposal still awaits community approval, with a 22-day process that includes comments, voting, and final execution.

Uniswap UNI Token Jump 30% Uniswap’s native token, UNI, soared nearly 40% after the UNIfication proposal, hitting a two-month high of around $8.81. Meanwhile, the RSI has also climbed above 74, signaling strong buying momentum.

Analysts expect a bullish outlook, with the next resistance near $12, though a short pullback to around $8 could occur before the next rally.

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.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Follow up to the hour updates on what is happening in crypto today, November 11. Market movements, crypto news, and more!

2 mins mins

Key Points:

Uniswap introduces fee switch, eliminating fraudulent pools and boosting UNI.Major governance decision; UNI surges over 38%.Uniswap targets improved market integrity through governance shifts.
Uniswap initiated its protocol fee switch on November 9, 2025, targeting fraudulent pools on the Base chain, led by Hayden Adams and Devin Walsh.

The move to activate fees aims to enhance market integrity, affecting nearly $208.07 billion in volume by eliminating almost half attributed to fraudulent activity.

Uniswap Targets Market Integrity with Fee Switch Activation
Uniswap Labs and the Uniswap Foundation have activated a protocol fee switch through governance votes as of November 9, 2025. This decision targets fraudulent pools and aligns with UNI burn mechanisms. Market integrity implications for Uniswap as half of its Base chain volume is affected.

Market reactions are generally positive. Uniswap’s official statement underlines the protocol’s strategic positioning to become the default decentralized exchange. Although key figures have not publicly reacted, community sentiment is bullish. The introduction of a “Growth Budget” and significant UNI burns contribute to this positive outlook, enhancing the governance model.

“Uniswap Labs and the Uniswap Foundation are excited to make a joint governance proposal that turns on protocol fees and aligns incentives across the Uniswap ecosystem, positioning the Uniswap protocol to win as the default decentralized exchange for tokenized value.” — Hayden Adams, Founder, Uniswap Labs
UNI Price Surge Reflects Positive Sentiment Amid Protocol Changes
Did you know? In 2025, Uniswap’s Base volume faced major scrutiny, revealing only $77.38 billion of legitimate activity versus an inflated $208.07 billion estimate, highlighting the critical need for this fee switch to improve market honesty.

As of November 11, 2025, Uniswap’s current price stands at $9.08 with a market cap of $5.72 billion according to CoinMarketCap. UNI price has seen significant changes, up 35.52% over 24 hours and 72.93% across the week, reflecting positive market sentiment amidst protocol changes.

Uniswap(UNI), daily chart, screenshot on CoinMarketCap at 04:37 UTC on November 11, 2025. Source: CoinMarketCap

Coincu insights suggest that Uniswap’s strategic moves can lead to more robust financial and technological outcomes in DeFi. Reducing fraudulent activities ensures better liquidity, potentially attracting institutional interest, although ongoing regulatory scrutiny remains a concern. The protocol’s adjustments indicate a stronger foundation for responsible trading within the ecosystem.

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.

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Bitcoin price held steady on Tuesday morning as investors reflected on the latest developments in the United States, where the longest government shutdown is about to end, removing one of the biggest risks in the market this year. The coin jumped to a high of $106,400, much higher than last month's low of $98,600.

Uniswap proposes activating protocol fees, burning UNI, and restructuring governance, aiming to reduce supply and align incentives.

Summary

Uniswap has proposed activating protocol fees and directing them toward ongoing UNI burns.
A one-time 100 million UNI burn would reduce circulating supply by about 16%.
The Uniswap Foundation and Labs would merge into a unified structure focused on protocol growth.

Uniswap has introduced a proposal that would change how value flows through the protocol, including reducing UNI’s circulating supply and activating a burn mechanism tied to trading activity.

The joint proposal, submitted on Nov. 10 and referred to internally as “UNIfication,” will bring the project’s organizational structure and token economics into closer alignment after years of separation.

A shift toward supply reduction and on-chain fee capture
The proposal would activate protocol fees for the first time and direct a share of those fees toward a perpetual Uniswap (UNI) burn, connecting the token’s value to usage of the exchange. This also includes revenue from Unichain, Uniswap’s layer-2 network, where sequencer fees would be added to the burn flow.

A proposal for the next chapter of 🦄

UNIfication is a joint proposal from Uniswap Labs and the Uniswap Foundation that turns on protocol fees and aligns incentives across the Uniswap ecosystem

Positioning the Uniswap protocol to win as the default decentralized exchange https://t.co/ra0Y7TKpYk

— Uniswap Labs 🦄 (@Uniswap) November 10, 2025

A one-time burn of 100 million UNI from the treasury is included. This sum is presented as the amount of fees that might have been burned had the fee mechanism been in place since the token’s 2020 launch. In the short term, the circulating supply would drop from roughly 625 million to about 525 million, a 16% reduction.

The proposal also adds a system where traders can bid UNI to receive discounted trading fees, with the UNI used in these auctions subsequently burned. This attempts to reduce supply gradually while strengthening the link between trading incentives, liquidity, and value accrual.

Governance restructuring and operational alignment
The proposal also suggests combining Uniswap Foundation and Uniswap Labs into a single organization with a common goal of expanding the protocol. Foundation staff would move to Labs, and the separate organizational layers that emerged after UNI’s launch would be consolidated.

Uniswap Labs would stop collecting revenue from its interface, wallet, and API, shifting the platform’s economics away from product-level monetization and toward protocol-level adoption. A growth budget reserved from the treasury would fund incentives and development across the ecosystem, distributed from 2026 in quarterly allocations.

The proposal follows a shift in the regulatory landscape in the United States earlier this year, which Uniswap’s leadership says removed previous legal obstacles that limited protocol-level participation and governance involvement.

UNI’s market price increased sharply after the proposal was shared publicly, rising more than 40% within hours. 

As investors navigate a landscape marked by heightened uncertainty, the Bitcoin price is currently trading nearly 20% below its all-time highs. However, a group of analysts has drawn parallels between the present performance and the significant rally observed in 2023.

Positive Signals For The Bitcoin Price
In a recent update shared on the social media platform X (formerly Twitter), analysts from The Bull Theory highlighted that the Bitcoin price has once again closed a weekly candle above the 50-day Exponential Moving Average (EMA), a critical indicator that has historically supported every major uptrend over the past two and a half years. 

This EMA level has been tested multiple times, notably in August 2024 and April 2025, where Bitcoin dipped below it briefly before reclaiming the position and entering a new upward trajectory.

Currently, a similar pattern appears to be forming. The analysts pointed out that Bitcoin has maintained its position within a multi-year support zone on the Relative Strength Index (RSI). 

BTC’s 5th wave formation pointing to a new all-time high in Q1 2026. Source: The Bull Theory on X
Although momentum has cooled, there are no signs of an impending breakdown, the analysts asserted. In previous instances where the RSI reached this level during the current cycle, it signaled the conclusion of a corrective phase and the onset of expansion.

Additionally, the Moving Average Convergence Divergence (MACD) indicator is resetting near its historical reversal zone, a zone that has previously triggered rallies in early 2023, late 2024, and again in the second quarter of 2025. This suggests a potential exhaustion of selling pressure rather than the beginning of a new downtrend.

Strong Potential For Future Gains
From a structural standpoint, the recent corrective move appears complete. Bitcoin has retraced nearly 20% from its peak of $126,000, aligning perfectly with the average correction size observed in each impulsive wave since the cycle began. 

When considering the signals from the reclaimed EMA, the RSI support, and the MACD reversal zone, the current structure mirrors setups that preceded major breakouts since 2023. This analysis implies that the market is not on the verge of a breakdown but rather undergoing a necessary reset.

While it is possible that Bitcoin may experience a few weeks of sideways consolidation as it stabilizes above the EMA, similar to the behavior seen after the April 2025 correction, this range could set the stage for the next expansion phase.

Looking ahead, the analysts suggest that this could signify the fifth wave of the current market structure, with potential price targets ranging between $160,000 and $180,000 by the first quarter of 2026. Technically, all indicators currently favor continuation rather than collapse.

The daily chart shows BTC is slightly recovering after a steep drop below $100,000. Source: BTCUSDT on TradingView.com
When writing, the Bitcoin price was trading at $106,520, recording a nearly 2% recovery in the 24-hour time frame, according to CoinGecko data. 

Featured image from DALL-E, chart from TradingView.com 

Uniswap founder Hayden Adams submitted the UNIfication proposal, activating protocol fees and a UNI token burn mechanism.The plan introduces fee-based UNI burns, a 100 million retroactive burn, and structural changes merging Labs and Foundation operations.Following the announcement, UNI jumped 41.7% to $9.43 as traders embraced the deflationary model and renewed confidence in Uniswap’s governance.Uniswap founder Hayden Adams has submitted his first-ever governance proposal in the protocol’s history, titled “UNIfication.” The plan seeks to activate protocol fees, introduce a UNI-burning mechanism, and realign incentives across the ecosystem.

The announcement boosted investor confidence. Following Adams’ announcement, Uniswap’s native token, UNI, surged to a two-month high.

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The UNIfication Proposal ExplainedThe UNIfication proposal from Adams, on behalf of Uniswap Labs and the Uniswap Foundation, seeks to make Uniswap the leading decentralized exchange. The plan activates protocol fees that will be used to burn UNI tokens, making it a deflationary asset.

At launch, fees will apply to Uniswap v2 and major v3 pools on Ethereum. For v2, liquidity providers (LPs) will earn 0.25% per trade, with 0.05% allocated to the protocol. For v3, governance will collect one-fourth or one-sixth of the liquidity provider fees, based on the fee tier.

The proposal calls for a burn of 100 million UNI from the Uniswap treasury as a retroactive burn. This represents the amount that might have been burned if fees had been active since the protocol’s start.

“Unichain launched just 9 months ago, and is already processing ~$100 billion in annualized DEX volume and ~$7.5 million annualized sequencer fees. This proposal directs all Unichain sequencer fees, after L1 data costs and the 15% to Optimism, into the burn mechanism,” the proposal reads.

The introduction of Protocol Fee Discount Auctions enables users and liquidity providers to bid for fee-free trading periods. This innovation aims to benefit liquidity providers and maximize protocol value. Aggregator hooks will allow Uniswap v4 to act as an on-chain aggregator, collecting protocol fees from external liquidity sources.

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Governance and Structural ChangesBesides fee activation and burning, the UNIfication proposal overhauls Uniswap’s structure. Uniswap Labs will cease collecting fees on its app, wallet, and API, and will instead use the funds to fuel protocol growth and adoption.

The plan also shifts Foundation employees to Labs under a growth fund supported by the treasury. This move aims to unify the ecosystem and speed up protocol expansion. Governance-owned Unisocks liquidity will transfer to v4 on Unichain, then the liquidity position will be burned.

The proposal still requires approval from the Uniswap community before changes can take effect. The governance process will take around 22 days, including a 7-day comment period, a 5-day snapshot vote, and a 10-day on-chain execution window.

Adams emphasized the proposal’s importance in his announcement on X. He highlighted the regulatory hurdles Uniswap Labs faced, noting the significant legal costs. The regulatory environment’s recent evolution now supports this shift in governance.

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“UNI launched in 2020, but for the past 5 years Labs has been unable to meaningfully participate in Uniswap governance, and has been greatly restricted in the ways it can build value for the Uniswap community. That ends today!” he said.

Market Response and UNI Price ActivityAfter Adams’ announcement, UNI’s price pumped. It reached a high of $10 in early Asian trading hours. This level was last seen in September.

At the time of writing, the altcoin traded at $9.43. This represented an appreciation of 41.7% over the past day.

Uniswap (UNI) Price Performance. Source: BeInCrypto MarketsSponsored

This reaction highlights investor confidence in Uniswap’s new direction. Token burns play a crucial role in shaping a cryptocurrency’s long-term value.

By permanently removing tokens from circulation, the supply decreases, potentially increasing scarcity. When demand remains steady or grows, as often happens with successful ecosystem expansions, this scarcity can exert upward pressure on price.

“Uniswap could go parabolic if the fee switch is activated. Even just counting v2 and v3, with $1 trillion in YTD volume, that’s about $500 million in annual burns if volume holds. Exchanges hold $830 million, so even with unlocks, a supply shock seems inevitable. Correct me if I’m wrong,” CryptoQuant CEO Ki Young Ju stated.

However, some community members have voiced concerns about insider advantages and potential conflicts of interest. Critics questioned whether early investors could have positioned themselves ahead of the announcement and how the proposal might affect existing equity holders.

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.

Solana started a decent upward move above the $165 zone. SOL price is now consolidating and faces hurdles near the $172 zone.

SOL price started a decent upward move above $162 and $165 against the US Dollar.
The price is now trading above $165 and the 100-hourly simple moving average.
There is a rising channel forming with resistance at $175 on the hourly chart of the SOL/USD pair (data source from Kraken).
The price could continue to move up if it clears $172 and $175.

Solana Price Eyes Upside Break
Solana price remained stable and started a decent recovery wave above $155, like Bitcoin and Ethereum. SOL was able to climb above the $162 pivot level.

There was a move above the 50% Fib retracement level of the downward move from the $188 swing high to the $145 low. However, the bears are now active near the $172 resistance zone. There is also a rising channel forming with resistance at $175 on the hourly chart of the SOL/USD pair.

Solana is now trading above $162 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $172 level and the 61.8% Fib retracement level of the downward move from the $188 swing high to the $145 low.

Source: SOLUSD on TradingView.com
The next major resistance is near the $175 level. The main resistance could be $188. A successful close above the $188 resistance zone could set the pace for another steady increase. The next key resistance is $202. Any more gains might send the price toward the $220 level.

Another Decline In SOL?
If SOL fails to rise above the $172 resistance, it could continue to move down. Initial support on the downside is near the $165 zone. The first major support is near the $162 level.

A break below the $162 level might send the price toward the $155 support zone. If there is a close below the $155 support, the price could decline toward the $150 zone in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.

Major Support Levels – $165 and $162.

Major Resistance Levels – $172 and $175.

XRP-Spot ETF Launch Countdown Begins
The US Senate passed legislation to end the government shutdown on Sunday, November 9, driving demand for risk assets such as XRP. The vote was procedural, with further voting overnight on Monday, November 10, expected to send the bill to the House, which had previously passed its version of the measure.

The anticipated timing of the government restarting, potentially at the end of the week, means the SEC will remain with a skeleton staff. A short-staffed SEC is unlikely to query Canary Capital’s amended S-1 for its XRP-spot ETF. Canary Capital filed an amended S-1 in October, removing ‘delaying amendment’ language. The amendment could allow the XRP-spot ETF to begin trading on Wednesday, November 13, after a 20-day waiting period.

Meanwhile, a government reopening would pave the way for remaining XRP-spot ETF issuers that have yet to remove delaying amendment language to launch.

NovaDius Wealth Management President Nate Geraci commented on the significance of Sunday’s Senate vote, stating:

“Government shutdown ending = spot crypto ETF floodgates opening… In meantime, could see first ’33 Act spot xrp ETF launch this week”

Geraci was referring to the Canary XRP ETF, potentially the first pure US XRP-spot ETF.

XRPUSD – Daily Chart – 111125 – Market Structure Bill Vote
US Treasury Secretary Gives Greenlight to ETFs
Amid a frenzy of activity on Capitol Hill, the US administration delivered more good news for the crypto market. US Treasury Secretary Scott Bessent and the Internal Revenue Service (IRS) made a significant announcement on the eve of Canary Fund’s XRP-spot ETF launch.

Treasury Secretary Bessent made an announcement on X (formerly Twitter), stating:

“Today, the US Treasury and the IRS issued new guidance giving crypto-exchange-traded products (ETPs) a clear path to stake digital assets and share staking rewards with their retail investors. This move increases investor benefits, boosts innovation, and keeps America the global leader in digital assets and blockchain technology.”

The greenlight for crypto staking and the IRS’s recognition could enhance clarity for institutional investors seeking crypto exposure.

Consensys lawyer Bill Hughes, formerly with the US Department of Justice, commented on the announcement, stating:

“The impact on staking adoption should be significant. This safe harbor provides long-awaited regulatory and tax clarity for institutional vehicles such as crypto ETFs and trusts, enabling them to participate in staking while remaining compliant. It effectively removes a major legal barrier that had discouraged fund sponsors, custodians, and asset managers from integrating staking yield into regulated investment products.”

While the regulatory clarification may not directly affect the seven XRP-spot ETFs awaiting launch, XRP remains sensitive to crypto-related regulatory developments.

Technical Outlook: Key XRP Price Levels
XRP jumped 6.65% on Monday, November 10, building on the previous day’s 3.48% rally, closing at $2.5243. The token outperformed the broader crypto market, which advanced 1.16%.

Despite reclaiming the $2.5 level, XRP remained below the 50-day and 200-day Exponential Moving Averages (EMAs), suggesting a moderately bearish bias.

Nevertheless, certain events could significantly change the narrative.

Key technical levels to watch include:

Support levels: $2.5, $2.35, $2.2, $2.0, and $1.9.
50-day EMA resistance: $2.5644
200-day EMA resistance: $2.5846.
Resistance levels: $2.62, $2.8, $3.0, and $3.66.

Dogecoin’s technical momentum is “back in the conversation,” with a revived pathway to $1 if current conditions hold, according to crypto analyst VisionPulsed in a November 10 video breakdown focused on DOGE’s structure and momentum profile. While he repeatedly underscored uncertainty around ultimate cycle timing, the analyst said Dogecoin has “reclaimed the uptrend,” adding that the macro uptrend looks broken but the summer uptrend is “valid technically,” especially when viewed on the weekly chart.

Dogecoin To $1 Still Possible?
VisionPulsed framed the setup as binary for risk takers: “Dogecoin’s road to the bull” if momentum confirms, versus a “path to the pig” near $0.06 if support breaks. He tempered expectations of euphoric targets, saying, “I’m not going to come on here telling you $5 Doge just yet. Let’s let it play out.”

Dogecoin price prediction, Source: YouTube
VisionPulsed framed the setup as binary for risk takers: “Dogecoin’s road to the bull” if momentum confirms, versus a “path to the pig” near $0.06 if support breaks. He tempered expectations of euphoric targets, saying, “I’m not going to come on here telling you $5 Doge just yet. Let’s let it play out.”

Dogecoin bull vs. bear case | Source: YouTube
Momentum—what he called “firepower”—was the core of his case. Scanning through multiple periods, he argued that stock RSI signals are broadly supportive on key charts: “We have the firepower to do it on the weekly time frame. We have the firepower now to do it on the daily time frame. If we go to the 2-day time frame, the firepower is there. If we go to the 3-day time frame, the firepower is almost there. If we go to the 4-day time frame, the firepower is there.”

He noted that the 5-day “still needs more time to reset,” the 6-day is “still resetting,” and the **10-day stock RSI gives us the chance to move higher.” On the 8-day, he said momentum has “just [been] attempting to curl up”—a posture that previously preceded upside bursts during this cycle.

Even as he spotlighted constructive internals, the analyst did not dismiss larger-timeframe risks. He characterized the two-week view as “maximum bearish,” while reminding viewers that similar conditions in 2023–2025 did not prevent sharp upside reversals: “There’s no rule that says we have to stay down here.” In his view, if momentum confirms and support holds, “technically the bull market resumes,” whereas a failure at key levels would “confirm a bear market.”

For Dogecoin specifically, VisionPulsed said the coin has “regained the uptrend,” distinguishing between what he sees as a broken macro structure and a still-intact summer trendline on higher timeframes. Should momentum continue to build, he argued that DOGE could “move to the top of the channel,” echoing a pattern he has flagged repeatedly this year: “Every time [support] holds… each time Doge has had an explosive move to the upside.” Still, he avoided definitive timing: “If no one knows where the top is, then technically we don’t even know what the deadline is for Doge to come up here.”

The analyst’s broader cycle take remained intentionally agnostic. He acknowledged previously calling for a potential cycle top earlier in the year, then noted that a break to fresh highs would invalidate the popular “150-day from the bottom” top-timing theory: “If we break the high, that theory gets invalidated. And then the question becomes, where is the top? And we can say we don’t know.” That uncertainty, he suggested, is precisely why the market could surprise to the upside if momentum reasserts itself.

The near-term action item, in his telling, is straightforward: watch momentum follow-through from oversold RSI conditions across the daily to 10-day bands, and respect the risk that a failed confirmation flips the script. As he put it in closing, “We’re rooting for the bull run to continue. We have the momentum for it to continue and as long as we stay over the moving average in my opinion it will continue.” But the fork remains visible: “Dogecoin’s road to the bull” if support holds and momentum confirms—or the “path to the pig” if it breaks.

At press time, DOGE traded at $0.1815.

DOGE bulls need to reclaim the trendline, 1-week chart | Source: DOGEUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

Journalist

Posted: November 11, 2025

Key Takeaways
Why are XRP traders excited right now?
Because the DTCC has listed nine Spot XRP ETFs, and approvals could come soon.

How is the market reacting to the ETF news?
XRP’s Open Interest hit $1.32 billion, but funding rates remain negative.

XRP traders are getting ready for what could be a crucial few weeks.

Between fresh listings and shifting regulatory planes, the market might be ready for a potential catalyst. However, has this sentiment fully caught up yet?

Nine XRP ETFs listed
The U.S Depository Trust & Clearing Corporation (DTCC) has officially listed nine Spot XRP ETFs. So, there is talk that approvals could arrive as early as November.

Source: X

The listings include products from major issuers such as Bitwise, Franklin, and CoinShares, alongside leveraged and thematic ETFs like Volatility Shares 2x XRP (XRPT) and T-REX 2x Long XRP (XRPK).

At the same time, progress in the U.S Senate towards ending the government shutdown could accelerate SEC reviews. This would add to expectations of a potential Spot XRP ETF launch before year-end.

Traders are cautious!
At the time of writing, XRP’s OI had climbed to around $1.32 billion. However, the average Funding Rate was negative at -0.145%. What this meant was that most traders may be still shorting the move, rather than backing the upside.

Source: Coinalyze

Traders are cautious. Participants are engaging, but not fully convinced of sustained momentum yet. If funding flips positive alongside growing Open Interest, it could turn into bullish confidence. And, this could push the price ahead too.

Momentum catches up as bulls step in
XRP surged by over 7% in the last 24 hours, reclaiming the $2.54-level as bullish sentiment strengthened. The RSI showed growing buying pressure without yet entering the overbought territory.

Source: TradingView

Volume also picked up, giving the push some credibility. OBV has trended higher lately, meaning traders have been accumulating.

If XRP maintains this momentum and breaks above the $2.60 resistance zone, it could open the door for a run towards $2.80. However, sustained strength in volume and RSI will be key to confirming this breakout.

Despite his surreal methods, predictions from the Chicago-turned-Bitcoin-Bull come surprisingly close to the target.

The 65-month liquidity cycle, nearing its Q1-Q2 2026 peak, suggests a 15-20% Bitcoin correction as valuations overheat, though timing uncertainty remains.A 2025 trend shows Bitcoin dropping 15-20% (to $82K) while Silver rises 13% (to $33), signaling a shift to safe-haven assets amid tightening liquidity.In 2026, Bitcoin may rebound post-correction, while Silver leads short-term, with portfolio repositioning advised ahead of the 2027 liquidity wave.As risk assets enter a sensitive phase, many analysts are closely monitoring the 65 Month Liquidity Cycle. This model is believed to have accurately forecasted market peaks and troughs for over two decades.

Are we approaching a new tightening phase where Bitcoin faces 20% downward pressure, while Silver emerges as an alternative haven?

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65 Month Liquidity Cycle: Global Liquidity Map Enters Final StageIn the latest chart from CrossBorder Capital, the black line represents the Global Liquidity Index (GLI). It is currently rising sharply, approaching the red peak area. Its movement resembles the late phases of the 2016-2021 cycle. This strongly suggests we are entering the vibrant late upswing phase of the liquidity cycle. During this period, asset valuations are soaring well beyond their intrinsic worth.

65 Month Liquidity Cycle. Source: XThis is an average 5.5-year cycle, first identified through Fourier analysis in 1999. Each cycle follows a familiar pattern: capital is injected strongly in the early phase, peaks when monetary policy is extremely loose, and then reverses as credit and liquidity tighten.

Based on the slopes of previous cycles, the next liquidity peak is expected to appear in Q1 or Q2 2026, roughly between March and June, just a few months away. This suggests we are nearing an “overheat” phase, when capital flow slows and adjustment risks rise.

If this assumption holds, risk assets—from tech stocks to crypto—will soon enter a “re-pricing” period. This is when smart money begins to reduce exposure to highly leveraged positions, potentially leading to a 15-20% correction in Bitcoin before the new cycle bottom forms.

Although the chart and overall analysis are compelling, as one analyst on X points out, the cycle timing on the chart is often off by several years. This means we cannot know for certain whether the market has peaked, will accelerate, remain flat, or do nothing.

“I like the chart and the overall analysis, but the timing of the cycle is on average off by years in this chart. So, you don’t know whether it has peaked, whether it will accelerate, or do nothing, based on the chart. It is a coinflip,” the analyst noted.

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Bitcoin Drops, Silver Rises: Safe Money Rotation SignalsAn interesting trend in 2025 is the divergence between Bitcoin (BTC) and Silver. According to charts from 2021 to 2025, Bitcoin has fallen roughly 15-20%, from $109,000 to $82,000. At the same time, Silver rose 13%, from $29 to $33. This reflects a clear shift in capital flows. As global liquidity tightens, investors gradually exit high-risk assets, such as cryptocurrencies, and rotate toward “collateral-backed” assets, including precious metals.

Bitcoin vs Silver divergence. Source: XThis divergence suggests that Bitcoin serves as a risk-on indicator, benefiting directly from liquidity expansion. At the same time, Silver exhibits dual characteristics of a commodity and a safe-haven asset, making it more attractive when inflation remains high but economic growth slows.

Based on stagflation signals and historical trends of the liquidity cycle, many experts predict Silver may outperform Bitcoin during January-April 2026. However, year-end 2025 rallies in both assets suggest that this shift will not occur abruptly but will be moderated by market sentiment and macro events.

“As we move into January-April 2026, we may see this trend accelerate. Bitcoin may only recover moderately, while Silver rises sharply, deepening the rotation toward tangible collateral assets,” the analyst noted.

2026: A Pivot Year for the Cycle – Bitcoin Rebounds or Silver Continues to Lead?Although a 20% drop in Bitcoin sounds bearish, it does not necessarily mark the end of the bullish cycle. In most late liquidity cycle phases, the market typically experiences a sharp correction before entering the final upswing, known as the “liquidity echo rally.” If this scenario repeats, Bitcoin may undergo a technical dip before rebounding strongly in the second half of 2026.

Meanwhile, Silver, benefiting from industrial demand and hedging flows, may sustain short-term gains. However, when global liquidity expands again in 2027, speculative capital may shift away from precious metals toward cryptocurrencies and equities in search of higher returns.

In summary, the 65 Month Liquidity Cycle is entering a critical phase. Bitcoin is likely to experience a temporary correction, while Silver continues to play the market’s “steady hand.” For long-term investors, this may not be a signal to exit, but rather an opportunity to reposition portfolios ahead of the next liquidity wave in 2026-2027.

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.