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, /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have untilNovember 17, 2025 to file lead plaintiff applications in a securities class action lawsuit against Cytokinetics, Incorporated (NasdaqGS: CYTK), if they purchased or otherwise acquired the Company's securities between December 27, 2023 and May 6, 2025, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of California.

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Cytokinetics investors should visit us at https://www.claimsfiler.com/cases/nasdaq-cytk or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

Cytokinetics and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On March 10, 2025, the Company disclosed that the U.S. Food and Drug Administration ("FDA") had decided not to convene an advisory committee meeting to review the Company's New Drug Application ("NDA") for its aficamten product. Then, on May 6, 2025, the Company disclosed that it had held multiple pre-NDA meetings with the FDA discussing safety monitoring and risk mitigation but chose to submit the NDA without a Risk Evaluation and Mitigation Strategy, instead relying on labeling and voluntary education materials.

On this news, the price of Cytokinetics' shares fell, closing at $33.04 per share on May 7, 2025. 

The case is Seidman v. Cytokinetics, Incorporated, et al., No. 25-cv-07923.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

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, /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have untilDecember 2, 2025 to file lead plaintiff applications in a securities class action lawsuit against Molina Healthcare, Inc. ("Molina" or the "Company") (NYSE: MOH), if they purchased or otherwise acquired the Company's securities between February 5, 2025 and July 23, 2025, inclusive (the "Class Period"). This action is pending in the United States District Court for the Central District of California.

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Molina Healthcare investors should visit us at https://claimsfiler.com/cases/nyse-moh-2/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

Molina Healthcare and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On July 23, 2025, the Company reported its financial results for the second quarter ended June 30, 2025 and cut its full-year 2025 earnings guidance, disclosing that "GAAP net income was $4.75 per diluted share for the second quarter of 2025, a decrease of 8% year over year" and it "now expects its full year 2025 adjusted earnings to be no less than $19.00 per diluted share," due to a "challenging medical cost trend environment," including "utilization of behavioral health, pharmacy, and inpatient and outpatient services."

On this news, the price of Molina's shares fell $32.03, or 16.84%, to close at $158.22 per share on July 24, 2025, on unusually heavy trading volume.

The case is Hindlemann v. Molina Healthcare, Inc., et al., No. 2:25-cv-09461.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

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The logo of Samsung Electronics is seen at its booth during The 26th Semiconductor Exhibition 2024 in Seoul, South Korea, October 23, 2024. REUTERS/Kim Hong-Ji Purchase Licensing Rights, opens new tab

CompaniesSEOUL, Oct 18 (Reuters) - The mother and two sisters of Samsung Electronics

(005930.KS), opens new tab Chairman Jay Y. Lee plan to sell some 1.73 trillion won ($1.22 billion) worth of shares in the South Korean tech firm, the company said in a regulatory filing.

The purpose of the sale of 17.7 million shares, or a 0.3% stake in Samsung Electronics, is to cover tax payments and loan repayment, according to the late Friday filing with the Korea Exchange.

Sign up here.

Experts view the sale by Lee's sisters Lee Boo-jin and Lee Seo-hyun and his mother, Hong Ra-hee, as part of the owner family's efforts to secure funds to pay their inheritance tax estimated at about 12 trillion won, following the 2020 death of Samsung patriarch Lee Kun-hee.

The sale will be handled by Shinhan Bank under a trust contract and completed by next April, according to the filing.

Samsung shares have jumped more than 48% since it announced a chip-supply deal with Tesla in July. It has secured supply deals with other major customers such as OpenAI, and expectations have risen that the company will be able to supply its latest high-bandwidth memory products to Nvidia

(NVDA.O), opens new tab.

The stock is up more than 84% this year, gaining 0.2% on Friday to 97,900 won.

"Samsung's 10 trillion won share buyback plan last year was aimed at protecting the stock value, which would help the Samsung family to secure fund for inheritance tax," said Park Ju-gun, head of corporate analysis firm Leaders Index.

With Samsung's share price now nearing 100,000 won, the planned sale likely aims to complete inheritance tax payments.

"One disappointing aspect is that the owner family is selling shares at a time like this, which could dampen sentiment among retail investors," he said.

"After all, Samsung Electronics is practically a 'national stock', owned by about 5 million retail shareholders who have been eagerly watching the shares approach the 100,000-won mark after the recent rally."

($1 = 1,421.5800 won)

Reporting by Heekyong Yang; Editing by William Mallard

Our Standards: The Thomson Reuters Trust Principles., opens new tab

VANCOUVER, British Columbia, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V:WHN) announces the departure of VP Corporate Development & Investor Relations Sean Thompson from the Company.

Ethereum (ETH) is approaching a decisive technical point as its price hovers around $3,790, erasing nearly all of its October gains. The cryptocurrency now trades just $250 above its 200-day Exponential Moving Average (EMA) at $3,550 — a key dynamic support that has historically limited losses during market sell-offs. However, a failure to sustain this level could signal a deeper correction and shift ETH into a prolonged bearish phase.

The recent decline has been driven by a broader market sell-off triggered by cascading liquidations across major cryptocurrencies, including Bitcoin and altcoins. Ethereum’s drop below its 50-day and 100-day EMAs highlights weakening short-term momentum. Meanwhile, the Relative Strength Index (RSI) has fallen to the 38–40 range, suggesting increased bearish pressure but also indicating that ETH may soon enter oversold territory — a potential precursor to a short-term rebound.

Despite maintaining high trading volumes, the market remains dominated by sellers rather than accumulation, reflecting ongoing investor caution. A recovery above $4,000 would be necessary to restore bullish confidence and invalidate the current breakdown pattern. Should the 200-day EMA at $3,550 hold firm, Ethereum could attempt a technical rebound and form a local bottom. Conversely, if this support breaks, the next key level lies between $3,200 and $3,300, opening the door to a more extensive downturn.

Ethereum’s near-term outlook depends largely on its ability to defend the $3,550 zone and attract renewed buying interest. As technical indicators point toward both risk and opportunity, traders are closely watching for signs of strength or further decline in the days ahead.

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Ethereum (ETH) appears to be entering a key phase of market reset as open interest (OI) data across derivatives markets signals a deep unwinding of leveraged positions. This shift, following a wave of liquidations, may mark the end of speculative excess and set the stage for a more sustainable price recovery.

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Chris Burniske, cofounder of Placeholder and former crypto lead at Ark Invest, said he is “increasingly convinced last Friday’s massacre broke crypto for a while,” arguing that the post-selloff market will struggle to “quickly develop a sustained bid” and that he will “likely get interested in the market again when I see Bitcoin $75K or lower.”

The Start Of A New Bitcoin Bear Market?
In a X post on Friday, October 17, Burniske wrote that this cycle “has been disappointing for most,” which can “paralyze action as people hope for bluer skies, or former ATHs,” and urged investors to think in linear monthly terms rather than “chart minutiae.”

He added: “MSTR is slipping, gold is sending a warning, as are credit markets, and stocks will be the last to get the message… I want to see how $BTC responds to $100K, but will likely get interested in the market again when I see $BTC $75K or lower.” The post had 50.2K views at the time referenced.

Burniske’s remarks follow the October 10 selloff that knocked Bitcoin as low as the mid-$100Ks in intraday trade and triggered the sharpest reset of leverage ever for the crypto market. Market tone through this week underscores his “broke the bid” framing. By Friday morning in Europe, Bitcoin was changing hands below $106,000 again, leaving it roughly 15% below its month-to-date peak and dragging the total crypto market capitalization under $3.6 trillion.

The spot-ETF complex—central to this cycle’s marginal demand—mirrored the risk-off turn. Following the liquidation shock, US spot Bitcoin and Ether ETFs posted combined net outflows for the week to date (Monday–Thursday). Bitcoin ETFs registered –$858.7 million, with three of four sessions in the red, while Ether ETFs were –$79.5 million, split evenly with two inflow and two outflow days.

Responses to Burniske on X captured the debate over whether October 10 marked a cyclical break or a violent, but ultimately constructive, reset. Quant and derivatives-focused trader Shanaka Anslem Perera called it a “VaR shock, not a cycle top,” arguing that “basis/funding/OI all got reset → leverage washed out, new upside will need spot demand, not perps,” and that “the marginal bid has changed: US spot ETFs + corporate/sovereign treasuries.”

Burniske replied, “Excellent breakdown, thank you for sharing.” Another commenter, Magumsy, pushed back that calling the event “breaking crypto” was “overblown,” citing “on-chain flows and institutional liquidity” as buffers; Burniske clarified that he meant it “broke a lot of peoples’, or institutions’, appetites to bid.”

Asked about altcoins if a bear market starts here, he answered bluntly: “Depends on the alt, some are bottomless — imo it’s time to consolidate into your highest conviction names + USD, or at least that’s what I’ve done.”

Whether Bitcoin needs to revisit the mid-$70Ks to entice sidelined capital is now the crux of positioning. Burniske’s tactical map—watch behavior “at $100K” and get “interested… at $75K or lower”—implies a broad re-rating of risk premia after a cycle that, in his words, “was different,” with the next bear “different too.”

At press time, Bitcoin traded at $104,809.

Bitcoin falls below the EMA200, 1-day chart | Source: BTCUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

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

According to multiple reports, Ripple Labs is organizing an effort to raise about $1 billion to build a new XRP treasury intended to hold a large stock of the token.

The effort would use a special purpose vehicle to gather outside capital and combine it with XRP that Ripple itself may put into the fund. The plan is still being negotiated and has not been finalized.

Plans To Raise $1 Billion
Reports have disclosed that the $1 billion target would be raised through a SPAC-style vehicle, with Ripple expected to contribute part of its existing holdings.

Ripple has already moved into corporate treasury tools, having announced a roughly $1 billion acquisition of GTreasury, a company that provides treasury management software for large firms.

That deal, and the new fund idea, suggest Ripple is aiming to create a more formal structure for holding and managing XRP on a larger scale.

Ripple leading effort to raise at least $1bil to accumulate xrp…

New xrp-focused DAT.

via @olgakharif pic.twitter.com/oUU7BOiy1J

— Nate Geraci (@NateGeraci) October 17, 2025

Market Response And Risks
Some market watchers have reacted with caution. Based on reports, XRP’s price fell by about 8% around the time these stories circulated, showing that big corporate moves do not always calm market swings.

Holding large sums of XRP raises questions about how purchases would be executed without causing heavy price moves, and how the new treasury would be governed.

Regulators and investors will likely watch the governance rules closely, especially since Ripple already controls large amounts of XRP and releases tokens on a monthly schedule from escrow wallets.

XRPUSD currently trading at $2.27. Chart: TradingView
Why Ripple Might Do This
Supporters say a centralized treasury could provide clearer management of token reserves, and it might let Ripple show how XRP can be used in corporate finance arrangements.

Critics warn that concentrating a big reserve in one vehicle could concentrate risk and invite extra scrutiny from regulators. Based on reports, Ripple’s move to pair a treasury plan with GTreasury’s tech could be aimed at selling treasury services to other companies that want to hold or use digital assets.

Structure And Transparency Questions
Key details are still missing. Reports do not yet show how many XRP will be moved into the fund, what lockups or disclosure rules will apply, or who will control spending decisions.

Those factors matter for investors and for how much trust the market will place in the new structure. Some sources in the coverage were anonymous, and terms can change before any formal announcement.

Featured image from Unsplash, chart from TradingView

A new Bitcoin documentary titled Unbanked is set to make waves when it premieres this Halloween on Apple TV, Amazon Prime, and Google TV. The film’s release coincides with the 17th anniversary of Satoshi Nakamoto’s groundbreaking Bitcoin white paper, marking a symbolic celebration of the world’s first cryptocurrency.

Unlike previous Bitcoin documentaries that focused on its mysterious origins or criminal associations, Unbanked takes a more human approach—exploring how Bitcoin has transformed lives across the globe. The filmmakers traveled across four continents to capture real stories from everyday users and interviewed major crypto figures including Michael Saylor, Jack Dorsey, and Erik Voorhees.

The film has already earned critical acclaim, winning Best Documentary at the Manhattan Film Festival and receiving the Spotlight Award at the Harlem International Film Festival. Building on this momentum, the creators are ambitiously eyeing an Oscar campaign, a bold move that highlights the growing intersection of cryptocurrency and mainstream culture.

As Bitcoin continues to gain traction through institutional investment and increasing political recognition, Unbankedarrives at a pivotal moment for the crypto industry. The film’s message goes beyond charts and market trends—it aims to show Bitcoin’s tangible social and economic impact, especially in regions where traditional financial systems fall short.

Whether or not Unbanked secures an Oscar nod, its timing couldn’t be better. With the world’s attention returning to Bitcoin amid renewed market optimism, this documentary could serve as both a cultural milestone and a catalyst for broader crypto adoption. Viewers and crypto enthusiasts alike will have to wait until Halloween to see if Unbankeddelivers on its promise to redefine how the world sees Bitcoin.

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Chainlink (LINK) is witnessing an intriguing market phase marked by steady whale accumulation amid a broader price correction. While retail traders remain cautious after a steep 16% weekly decline, large holders appear to be taking a longer-term view, steadily expanding their positions even as the token struggles to regain momentum.

Pepe remains the third-largest meme coin by market cap, still trailing behind Shiba Inu — but on social media, the tide may be turning, fueling a bullish Pepe price prediction. New data from LunarCrush shows Pepe's social dominance has surged to 2.9%, nearly doubling Shiba Inu's 1.7%, despite SHIB's stronger price performance in recent weeks.

BNB has been one of the strongest performers in recent weeks, standing out even as the broader crypto market struggles to find stability. During this market downturn, key metrics continue to validate BNB’s sustained momentum and network expansion. According to data shared by analyst CryptoOnchain, the BNB Smart Chain (BSC) reached a historic milestone on October 13th, recording 3.62 million daily active addresses — the highest in its history.

This surge in on-chain activity comes after months of steady price appreciation that began in June and accelerated rapidly after mid-September. The timing is notable: the spike in active addresses closely followed BNB’s price peak at $1,311 on October 8th, revealing a powerful correlation between network growth and market valuation.

The data suggests that as BNB’s price rose, it sparked heightened user engagement across the BSC ecosystem — possibly driven by increased trading activity, DeFi interactions, and retail FOMO. With the network now showing record participation, analysts are watching to see if this momentum can hold through the current correction. Sustained activity above these levels could reinforce market confidence and establish stronger structural support for BNB’s long-term trend.

BNB Network Data Shows Tight Correlation Between Price And On-Chain Activity
According to CryptoOnchain, recent data shows that since September 2025, the relationship between BNB’s active addresses and its price has entered a new and more synchronized phase. Historically, these two indicators fluctuated independently — price rallies often occurred without a matching rise in network activity, and vice versa. However, over the past month, this pattern has shifted dramatically. The chart now shows the active addresses (green area) and the BNB price (yellow dashed line) moving almost in perfect tandem.

BNB Smart Chain Active Addresses vs BNB Price Analysis | Source: CryptoQuant
Interestingly, the BNB price peaked a few days before network activity, suggesting that the rally likely triggered a surge of user participation — a classic case of FOMO driving engagement across the BNB Smart Chain. This behavioral pattern often signals growing retail involvement and can reinforce bullish sentiment in the short term.

That said, recent data shows a modest cooldown. The BNB price has corrected to around $1,212, while daily active addresses have dropped slightly below 3 million. This pullback raises a key question: can the network sustain this elevated level of activity? Maintaining user engagement above the 3 million threshold could help establish a strong support zone for BNB’s price. Conversely, a significant drop in active addresses might indicate a local top and the beginning of a deeper correction.

BNB Price Tests Key Support After Sharp Correction
BNB is undergoing a significant pullback after weeks of strong performance. As shown in the chart, the price has dropped roughly 8.4%, closing near $1,049, marking one of the steepest single-day declines since early August. The correction follows a parabolic rally that peaked at $1,311, with current price action suggesting that the market is entering a consolidation phase.

BNB testing critical demand level | Source: BNBUSDT chart on TradingView
Despite the short-term drop, BNB remains structurally bullish as long as it holds above its 50-day moving average (currently near $1,018). This dynamic support aligns closely with the prior breakout zone from September, making it a crucial area to monitor. A decisive loss of this level could open the door for a deeper retracement toward $900, where the 100-day moving average sits.

The rapid ascent over the past two months likely triggered profit-taking among traders, as momentum indicators hinted at overextension. However, the longer-term trend remains intact, supported by the 200-day moving average rising steadily near $768. If BNB stabilizes above $1,000 and recovers momentum, the bulls could attempt another push toward the $1,200–$1,250 range. For now, maintaining the $1,000 psychological level is key to sustaining market confidence.

Featured image from ChatGPT, chart from TradingView.com

The market is taking two hits at a time: smaller assets like SHIB are being avoided due to the risk, and larger assets like ETH and BTC are not interesting investors due to their faulty position against gold. 

Shiba Inu's key level lostA psychological blow that highlights how bad the current market situation has gotten for the meme-inspired asset is Shiba Inu’s official addition of another zero to its price. With SHIB now trading around $0.0000097, it has completely returned to five-zero territory after collapsing below the critical $0.000010 level following weeks of pressure and an unrelenting downtrend.

The decline validates what traders had been worried about for days: Shiba Inu’s structure has completely collapsed. The token broke through all of the major moving averages, including the 50-, 100- and 200-day EMAs, and lost its long-standing ascending support line that had kept it afloat since early summer.

HOT Stories

SHIB/USDT Chart by TradingViewWhen the $0.0000115-$0.0000120 zone was not held, a sell-off ensued, causing volume to soar as panic spread throughout markets with a high concentration of retail buyers.

As far as technical analysis goes, SHIB is currently in a confirmed freefall. Deeply oversold conditions are indicated by the RSI’s decline below 35, but there is not any immediate indication of reversal momentum. In the past, these kinds of meme asset breakdowns typically pick up speed before a significant recovery occurs.

Due to the current move’s velocity, even that range may be tested sooner rather than later. The next obvious support level is located between $0.0000080 and $0.0000085.

To make matters worse, crypto sentiment is still shaky in the wake of last week’s wave of multi-asset liquidations. Because SHIB is correlated with Bitcoin and other risk-on altcoins, it is experiencing the same macro downdraft, which is characterized by evaporating liquidity, rising volatility and fear-driven speculative flows.

Ethereum's turning pointWith its price continuing to decline and approaching its 200-day Exponential Moving Average, Ethereum (ETH) is nearing a turning point that could decide whether the current downward trend continues or deepens into a correction.

With Ethereum now trading at about $3,790, it has lost almost all of its October gains and is now less than $250 from the 200 EMA, which is located at about $3,550. Historically, this technical line has served as one of ETH’s most robust dynamic supports, reducing losses during sell-offs on the wider market.

However, if buyers are unable to hold this level, the market may quickly move into a longer-term bearish structure. A coordinated sell-off of ETH, Bitcoin and other altcoins caused the recent collapse, which was brought on by cascading liquidations throughout the cryptocurrency industry.

A noticeable loss of short-term momentum has been indicated by the asset’s recent decline below the 50-day and 100-day EMAs. The Relative Strength Index (RSI), meanwhile, has dropped into the 38-40 range, indicating bearish pressure but also suggesting that ETH is getting close to oversold territory, which could be a sign of a brief rebound.

Although trading volumes are still high, sellers have been the main force behind the activity rather than accumulation. This implies that until more solid evidence surfaces, investors are still reluctant to return to the market.

Restoring confidence and invalidating the current breakdown pattern would require a bounce above $4,000 for Ethereum to regain traction. Ethereum may try a technical recovery from that area, possibly creating a local bottom if the 200 EMA at $3,550 holds. However, if it breaks, a much longer decline is possible because the next support does not appear until $3,200-$3,300.

Bitcoin on thin iceSince Bitcoin is floating on thin ice, the long-held $100,000 mark is now less of a remote risk and more of an inevitable outcome. Following weeks of losing ground, Bitcoin has formally broken below all of its significant short-term moving averages, including the 50- and 100-day EMAs. The 200-day EMA, which is currently trading at about $108,000, is now its last line of defense. 

As of press time, Bitcoin is trading close to $105,800, already dipping below that important 200 EMA support level. In the past, investors have intervened to accumulate at this level. The conviction, however, appears to be weaker this time. Selling pressure has increased on both the spot and derivatives markets, and liquidity pools below $104,000-$102,000 are expanding, indicating that further declines may occur before a meaningful recovery. 

There is no denying the bearish technical picture. On red candles, volume has increased, which is a blatant sign of panicked exits rather than calculated purchases. The current market setup makes the RSI's position at 42 — which suggests possible oversold conditions — cold comfort. Because traders are cautious about catching falling knives, the general sentiment has changed from buying the dip to waiting it out. 

The next target is $100,000, a psychologically potent level that is currently open if Bitcoin firmly loses its footing at $108,000. Because there is not much structural support in between, the move toward six figures is essentially free — not in a bullish sense but rather in the sense that nothing significant is halting the decline. The market is about to enter the make-or-break stage, to put it briefly. 

The trend could be saved by a strong recovery from $108,000, but if Bitcoin continues to decline, the eagerly anticipated $100,000 test — this time from above rather than below — may come much sooner than anyone anticipated.

Satoshi Nakamoto, the elusive creator of Bitcoin, has seen his estimated net worth plunge by $20 billion, according to data from blockchain analytics firm Arkham. Despite this sharp decline, Satoshi remains wealthier than prominent figures like Walmart heiress Alice Walton and Bloomberg L.P. co-founder Michael Bloomberg.

Earlier this Friday, Bitcoin’s price tumbled to an intraday low of $103,856 before recovering most of its losses. The drop came amid a volatile day in the crypto market, which also saw massive liquidation events in major altcoins such as Dogecoin (DOGE) and XRP.

Satoshi’s legendary Bitcoin fortune—estimated at around 1.1 million BTC—was first uncovered by blockchain researcher Sergio Demian Lerner. He discovered a distinctive mining pattern in Bitcoin’s early blocks, leading to the belief that a single miner, likely Satoshi, accumulated the coins during Bitcoin’s first year. Despite countless “whale” wallets becoming active in recent years, Satoshi’s Bitcoin stash has never moved, fueling speculation about his identity and the fate of the coins.

Some analysts believe Satoshi may no longer be alive, which could mean his private keys—and the ability to access this immense wealth—are lost forever. If true, these coins might never enter circulation again, preserving Bitcoin’s scarcity.

At Bitcoin’s recent peak of $126,080, Satoshi’s fortune briefly topped $130 billion, sparking renewed discussion about whether he could become the world’s first trillionaire. However, that milestone remains distant as Bitcoin experiences heightened volatility.

Meanwhile, the Forbes billionaire list continues to be dominated by tech moguls like Elon Musk, Jeff Bezos, Larry Ellison, Mark Zuckerberg, and Larry Page. Musk, currently valued at over $500 billion, leads the race toward trillionaire status—leaving even Bitcoin’s mysterious founder trailing behind in the digital wealth arena.

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Chainlink (LINK) has faced turbulence following the recent crypto market downturn, which significantly affected the token's price trajectory. Despite attempts at recovery, bears have maintained a firm grip on the market, and LINK continues to face strong upward resistance.

Amid a severe NFT market downturn, OpenSea has changed its business model to a crypto trading aggregator across 22 blockchains, although its trading volume reached a 3-year high in October.

Journalist

Posted: October 18, 2025

Key Takeaways
Why does Li Lin’s $1B plan matter?
The Huobi founder’s new digital asset firm, backed by firms like HashKey, signals a renewed Asian institutional push into Ethereum.

How are Western institutions responding?
SharpLink Gaming raised $76.5 million to add to its 838,000 ETH treasury, with potential for another $78.8 million.

Ethereum’s institutional narrative is accelerating again, this time led by Asia.

According to a Bloomberg report, Huobi founder Li Lin is preparing to launch a $1 billion digital asset firm dedicated to managing and expanding Ethereum-focused treasuries.

Asia’s billion-dollar bet on Ethereum
Major regional investors, including HashKey, Fenbushi Capital, and Meitu, reportedly back the new entity. It will focus on treasury management, yield generation, and infrastructure development tied to the Ethereum ecosystem.

Sources suggest Li Lin may seek to acquire a Nasdaq-listed company to achieve greater compliance and operational reach.

This marks one of the largest independent ETH-focused capital deployments to date.

SharpLink adds Western momentum
In the U.S., SharpLink Gaming has doubled down on its Ethereum bet. On 16 October, it announced a $76.5 million registered direct offering priced at a 12% premium to market. 

The company, one of the world’s largest corporate holders of Ether, confirmed that proceeds will support further ETH accumulation.

With over 838,000 ETH already in its treasury, SharpLink’s latest raise shows growing institutional appetite for Ethereum exposure. 

Co-CEO Joseph Chalom said the offering structure “reflects strong institutional confidence” and will increase “ETH-per-share for our investors.”

If its 90-day premium purchase contract is exercised in full, SharpLink could raise an additional $78.8 million, further expanding its ETH position.

Ethereum Treasuries near $17 billion
On-chain data supports the trend. Corporate and government wallets collectively hold 4.43 million ETH, valued at roughly $17.1 billion, according to CoinGecko data.

BitMine Immersion leads with 3.03 million ETH, followed by SharpLink, Bit Digital, and Coinbase. 

Together, these entities account for over 3.6% of Ethereum’s circulating supply, a milestone that mirrors Bitcoin’s early corporate adoption phase in 2021.

The bigger picture
While Bitcoin ETF flows continue to dominate headlines, Ethereum’s accumulation story is unfolding quietly.

The combination of Asian capital inflows and Western corporate treasuries highlights a structural shift.

If sustained, this phase of treasury-led accumulation could form the backbone of Ethereum’s next bull narrative. As of this writing, ETH was trading at around $3,800.

Tony Kim
Oct 17, 2025 22:54

VET price consolidates at $0.02 following last week's 9% surge, with technical indicators showing mixed signals as traders await next catalyst for VeChain's momentum.

Quick Take
• VET trading at $0.02 (down 0.2% in 24h)
• Consolidating gains from October 13th's 9% rally driven by Fed rate cut expectations
• Testing middle Bollinger Band support with RSI in neutral territory
• Following broader crypto weakness as Bitcoin retreats from recent highs

Market Events Driving VeChain Price Movement
VeChain's VET price is consolidating after experiencing a significant 9% surge on October 13, 2025, when analysts predicted a potential 31% rally in the coming weeks. This surge was primarily attributed to broader market recovery and anticipated Federal Reserve interest rate cuts, which typically benefit risk assets including cryptocurrencies.

However, with no major VeChain-specific developments in the past 48 hours, the VET price is now trading on technical factors as the initial momentum from rate cut optimism appears to be cooling. The absence of fresh catalysts has left traders evaluating whether the recent gains can hold or if a deeper retracement is likely.

The broader cryptocurrency market sentiment remains cautious, with institutional investors seemingly taking profits after the recent rally. Trading volumes on Binance spot markets show $8.48 million in 24-hour activity, indicating moderate but not exceptional interest in VeChain at current levels.

VET Technical Analysis: Consolidation Phase
Price Action Context
VeChain technical analysis reveals VET is currently trading at all major moving averages ($0.02), suggesting a critical inflection point. The convergence of the 7-day, 20-day, 50-day, and 200-day simple moving averages at the current price level indicates a significant decision point for traders.

The VET price is following Bitcoin's recent weakness, showing correlation with the broader cryptocurrency market rather than establishing independent momentum. Volume patterns suggest institutional interest remains moderate, with the $8.48 million daily volume on Binance spot representing typical trading activity rather than accumulation or distribution phases.

Key Technical Indicators
The RSI reading of 35.23 places VeChain in neutral territory, avoiding both overbought and oversold extremes. This suggests room for movement in either direction depending on market catalysts. The MACD indicator shows bearish momentum with a negative histogram of -0.0004, indicating some underlying selling pressure.

VeChain's position at 0.1419 on the Bollinger Bands %B indicator places it near the lower band support, suggesting the recent consolidation has brought VET closer to oversold conditions. The Stochastic oscillator shows %K at 51.61 and %D at 54.32, confirming the neutral momentum reading.

Critical Price Levels for VeChain Traders
Immediate Levels (24-48 hours)
• Resistance: $0.02 (confluence of multiple moving averages creating overhead pressure)
• Support: $0.01 (previous consolidation zone and psychological level)

Breakout/Breakdown Scenarios
A break below $0.01 support could trigger additional selling pressure toward the strong support zone near the 52-week low of $0.02. Conversely, a decisive break above the moving average cluster at $0.02 could open the path toward $0.03 resistance, where the upper Bollinger Band and stronger resistance levels converge.

VET Correlation Analysis
• Bitcoin: VET is following Bitcoin's recent weakness, showing typical altcoin correlation during market uncertainty
• Traditional markets: No significant correlation with S&P 500 or gold evident in current price action
• Sector peers: Trading in line with mid-cap utility tokens, showing no sector-specific strength

Trading Outlook: VeChain Near-Term Prospects
Bullish Case
A return of risk appetite driven by confirmed Fed rate cuts or positive VeChain-specific developments could drive VET price toward $0.03 resistance. The neutral RSI provides room for upward movement, and the lower Bollinger Band position suggests potential for a technical bounce.

Bearish Case
Continued cryptocurrency market weakness or failure to hold $0.02 support could lead to a test of $0.01 levels. The negative MACD momentum suggests sellers remain present, and lack of volume could exacerbate any downward moves.

Risk Management
Consider stop-losses below $0.019 for long positions to limit downside exposure. Given the low volatility environment reflected in the daily ATR, position sizing can be slightly larger than during high-volatility periods, though traders should remain cautious of sudden moves in either direction.

Image source: Shutterstock

vet price analysis
vet price prediction

Solana meme economy has evolved into one of the most explosive forces in crypto, and the community is now moving billions in daily trading volume. The culture surrounding SOL’s meme coins has become a foundational driver of its network activity, liquidity, and overall market dominance in decentralized exchange (DEX) trading.

How Meme Liquidity Fuels Solana’s Growth
Crypto analyst known as BagCalls on X has pointed out that the memecoin menia and Degen energy culture of Solana is what defines the project. This is where the project SolsticeFi steps in, and it’s building a native stablecoin and yield infrastructure designed to anchor the ecosystem. By offering institutional-grade yields through delta-neutral strategies and its YieldVault, the project is positioning itself as a cornerstone of maturity in SOL’s DeFi landscape.

BagCalls noted that this kind of innovation transcends the customary hype cycle. It also generates a lasting and underpinning aspect in the SOL decentralized finance (DeFi) ecosystem, which marks an impressive move toward the maturation of the on-chain financial environment of the network. 

The Founder of BITMEN, BitmanTW, has also offered a compelling vision for Solana’s trajectory, that the SOL network is turning the internet’s capital market. SOL has already decisively scaled transactions, proving its capacity for high throughput and low-cost operations, while scaling its yield.

At the center of this evolution is SolsticeFi, the project that’s building a baseline yield layer for SOL’s DeFi ecosystem, which Bitman calls the missing piece. Powered by USX and YieldVault, SolsticeFi delivers institutional-grade performance with a native-first design. 

Source: Chart from BitmanTW on X
The core of this new infrastructure is USX, a Solana-native synthetic stablecoin, which has seen explosive adoption, surpassing $210 million in Total Value Locked (TVL). By attracting over 18,000 holders, USX has become the 5th largest stablecoin on SOL in just four days. 

Meanwhile, YieldVault provides access to tokenized delta-neutral strategies, currently delivering around 8% APY and boasting 100% positive months over the past three years. With eUSX, users can earn a baseline yield while remaining fully flexible to move liquidity into any DeFi opportunity.

Solana’s Continued Functionality As A Core Strength
According to the first Korean certified Elliott wave analyst, XForceGlobal, Solana remains one of the few assets that still works correctly within its broader market structure, even after posting an impressive 150% bounce from recent lows. 

Related Reading: Solana (SOL) Price Risks Drop Below $200 After Losing Key Support, Analyst Warns

XForceGlobal emphasized that SOL appears to be nearing the conclusion of its B wave, a phase in Elliott Wave theory often characterized by retracement and correction before the next impulsive move. The analyst suggests this B wave has either already completed near the 88.6% Fibonacci retracement level, or could still be working toward a final all-time high (ATH) fake-out into an expanded B pocket.

SOL trading at $180 on the 1D chart | Source: SOLUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com

Terrill Dicki
Oct 17, 2025 23:06

DYDX trades at $0.33 following temporary blockchain downtime on October 10, with oversold RSI at 27 signaling potential bounce as broader crypto markets stabilize amid Bitcoin rally.

Quick Take
• DYDX trading at $0.33 (down 1.0% in 24h)
• dYdX Chain downtime on October 10 triggered major sell-off to annual lows
• RSI at 27 indicates oversold conditions near critical $0.33 support
• Diverging from Bitcoin's rally to $115K amid safe-haven demand

Market Events Driving Dydx Price Movement
The most significant catalyst impacting DYDX price this week was the temporary downtime experienced by the dYdX Chain on October 10, 2025. The blockchain faced instability during unprecedented market volatility, triggering an unforeseen protocol edge case that forced temporary suspension of operations. While the technical issues were resolved within 24 hours and all funds remained secure, the incident severely damaged investor confidence and triggered a cascade of selling pressure.

This technical disruption comes at a particularly challenging time for DYDX, as the token was already struggling below key moving averages. The downtime highlighted potential scalability concerns for the protocol during high-stress market conditions, raising questions about infrastructure reliability among institutional users.

Meanwhile, broader cryptocurrency markets have shown resilience, with Bitcoin rallying to $114,999 amid U.S.-China trade tensions and regulatory developments. Corporate Bitcoin holdings have surged to $117 billion, reflecting increased institutional adoption. However, DYDX has failed to benefit from this positive sentiment, instead trading inversely to the broader market as investors rotate away from protocols with recent operational issues.

The ongoing U.S. government shutdown has also created uncertainty across financial markets, delaying crucial economic data releases ahead of the Federal Reserve's October 29 meeting. This macro backdrop has generally supported safe-haven assets like Bitcoin and gold, but has not provided any relief for DYDX price action.

DYDX Technical Analysis: Oversold Bounce Setup
Price Action Context
DYDX price currently sits at $0.33, representing both the current trading level and the 52-week low, indicating maximum bearish sentiment. The token trades significantly below all major moving averages, with the 7-day SMA at $0.36 providing immediate resistance. More concerning, DYDX trades 44% below its 200-day moving average of $0.59, suggesting a deeply entrenched downtrend.

Trading volume on Binance spot market reached $6.4 million in the past 24 hours, elevated compared to recent averages, indicating active institutional repositioning following the chain downtime incident. The price action shows DYDX is currently diverging from Bitcoin's positive momentum, reflecting protocol-specific concerns rather than broad market sentiment.

Key Technical Indicators
The RSI reading of 27.32 places DYDX in severely oversold territory, the lowest level seen this year. Historically, RSI readings below 30 have preceded short-term bounces in DYDX, though sustained recovery requires fundamental catalysts. The MACD histogram at -0.0208 shows bearish momentum remains intact, but the gap between MACD and signal lines is narrowing, suggesting potential stabilization.

Bollinger Bands analysis reveals DYDX trading near the lower band at $0.25, with a %B position of 0.1456 indicating extreme oversold conditions. The daily ATR of $0.06 suggests volatility remains elevated, providing both risk and opportunity for active traders.

Critical Price Levels for Dydx Traders
Immediate Levels (24-48 hours)
• Resistance: $0.36 (7-day moving average and psychological level)
• Support: $0.31 (24-hour low and critical technical floor)

Breakout/Breakdown Scenarios
A break below $0.31 would likely trigger algorithmic selling and could push DYDX toward the $0.25 lower Bollinger Band, representing a 24% decline from current levels. Conversely, a recovery above $0.36 resistance could signal short-term stabilization and target the $0.42 EMA-12 level, representing potential 27% upside for momentum traders.

DYDX Correlation Analysis
DYDX is currently exhibiting negative correlation with Bitcoin, which has rallied 3.2% this week to approach $115K. This divergence reflects protocol-specific concerns overriding broader crypto market optimism. Traditional markets have shown mixed signals, with gold rallying to $3,919 on safe-haven demand, but DYDX has failed to benefit from this risk-off sentiment.

Compared to other DeFi protocols, DYDX is underperforming significantly, with the sector generally following Bitcoin's positive trajectory. This relative weakness suggests the October 10 downtime has created DYDX-specific selling pressure that may persist until confidence in the protocol's reliability is restored.

Trading Outlook: Dydx Near-Term Prospects
Bullish Case
A technical bounce appears likely given extreme oversold conditions, with RSI below 30 historically preceding 10-15% relief rallies. Successful defense of the $0.33 annual low, combined with any positive protocol updates addressing the October 10 downtime, could trigger short covering. Target levels include $0.36 resistance and potentially $0.42 if momentum builds.

Bearish Case
Continued protocol concerns and potential regulatory uncertainty could drive DYDX toward the $0.25 lower Bollinger Band. Any additional technical issues or major token unlocks could exacerbate selling pressure. The deeply oversold RSI could remain depressed longer if fundamental catalysts don't emerge.

Risk Management
Given extreme volatility, position sizing should be conservative with tight stop-losses below $0.31. Long positions require stops below $0.29 to limit downside, while short-term traders should target $0.36 resistance for profit-taking. The elevated ATR suggests 18% daily moves remain possible, requiring careful position management.

Image source: Shutterstock

dydx price analysis
dydx price prediction

Tony Kim
Oct 17, 2025 23:17

EigenLayer (EIGEN) trades at $1.17 following a massive 13.77% token unlock that released 36.82M tokens into circulation, creating selling pressure despite positive liquid restaking developments.

Quick Take
• EIGEN trading at $1.17 (down 2.0% in 24h)
• Major token unlock event released 13.77% of circulating supply
• Price testing critical support near Bollinger Band lower boundary
• Following broader crypto weakness as Bitcoin declines

Market Events Driving EigenLayer Price Movement
The dominant factor pressuring EIGEN price over the past two weeks has been the substantial token unlock on October 1st, which released 36,820,000 EIGEN tokens representing approximately 13.77% of the circulating supply. This massive liquidity injection has created persistent selling pressure as early investors and insiders potentially monetize their positions.

Despite this headwind, the ecosystem showed positive developments with Ekox's introduction of eXETH, a liquid restaking token designed to enhance capital efficiency within the Ethereum staking ecosystem. This innovation allows users to maintain liquidity while earning staking rewards, potentially expanding EigenLayer's utility and adoption. However, the positive impact of this technical advancement has been overshadowed by the token unlock's market dynamics.

The timing of these events has coincided with broader crypto market weakness, as Bitcoin's decline has weighed on altcoins across the board. EIGEN price action reflects this dual pressure from both protocol-specific supply dynamics and macro crypto sentiment.

EIGEN Technical Analysis: Oversold Territory Testing Support
Price Action Context
EIGEN price currently sits well below all major moving averages, with the token trading at $1.17 compared to the 20-day SMA of $1.58. The substantial gap between current price and the EMA 12 ($1.39) and EMA 26 ($1.51) indicates strong bearish momentum that has yet to find equilibrium. Volume remains elevated at $19.4 million on Binance spot markets, suggesting continued institutional and retail interest despite the selling pressure.

The relationship to Bitcoin correlation appears intact, with EIGEN following the broader crypto market's downward trajectory. However, the magnitude of EIGEN's decline suggests protocol-specific factors are amplifying the move beyond typical beta correlation.

Key Technical Indicators
The RSI reading of 37.70 places EIGEN in oversold territory without reaching extreme levels, indicating potential for further downside before a meaningful bounce occurs. The MACD configuration shows bearish momentum with the histogram at -0.0669, though the gap between MACD (-0.1200) and signal line (-0.0530) suggests selling pressure may be moderating.

Most critically for EigenLayer technical analysis, the Bollinger Band position shows EIGEN at just 0.1597 of the band range, placing it very close to the lower band at $0.97. This proximity to the lower Bollinger Band often indicates oversold conditions, though it can also signal the beginning of a stronger downtrend.

Critical Price Levels for EigenLayer Traders
Immediate Levels (24-48 hours)
• Resistance: $1.26 (7-day SMA and recent swing high)
• Support: $1.09 (24-hour low and psychological level)

Breakout/Breakdown Scenarios
A break below the $1.09 support level would likely target the Bollinger Band lower boundary near $0.97, representing the next significant technical support zone. Conversely, any recovery would need to reclaim the $1.26 level to suggest the selling pressure from the token unlock is beginning to stabilize.

The strong support level identified at $0.50 represents a major downside target that would coincide with the 52-week low territory, though such a move would require broader crypto market capitulation.

EIGEN Correlation Analysis
EIGEN's price movement shows high correlation with Bitcoin's recent weakness, though the magnitude of the decline suggests amplified selling due to the token unlock event. Traditional market factors appear secondary to crypto-specific dynamics, with the focus remaining on digital asset sentiment and Bitcoin's direction.

Compared to other restaking and Ethereum ecosystem tokens, EIGEN has underperformed due to the specific supply overhang created by the unlock event. This protocol-specific pressure differentiates it from broader sector performance.

Trading Outlook: EigenLayer Near-Term Prospects
Bullish Case
Recovery hinges on absorption of the unlocked token supply and stabilization of selling pressure. A reclaim of $1.26 resistance with increasing volume would suggest the worst of the unlock impact has passed. Positive developments in the liquid restaking ecosystem, particularly adoption of innovations like Ekox's eXETH, could provide fundamental support for higher valuations.

Bearish Case
Continued selling from unlock recipients could pressure EIGEN price toward the $0.97 Bollinger Band support or even the $0.50 strong support level. Broader crypto market weakness would amplify this downside risk, particularly if Bitcoin fails to hold key support levels.

Risk Management
Given the elevated volatility (ATR of $0.24), traders should consider position sizing carefully. Stop-losses below $1.09 appear prudent for long positions, while any recovery attempts should be monitored for volume confirmation above $1.26 to validate bullish momentum.

Image source: Shutterstock

eigen price analysis
eigen price prediction

TL;DR

Solana’s DEX, Jupiter, launched Ultra v3, improving order execution, slippage, and protection against MEV attacks.
Ultra v3 includes Iris, a meta‑aggregator that finds the best quotes across platforms like DFlow, Hashflow, and OKX.
The Gasless Support feature allows users to trade without SOL in their wallet, calculating transaction gas from the swap.

The Solana decentralized aggregator, Jupiter, unveiled Ultra v3, the third version of its Ultra protocol, transforming trading on the network.

Jupiter Introduces Disruptive Changes
The update promises to significantly improve order execution, reduce slippage, and provide advanced protection against Maximal Extractable Value (MEV) attacks. Additionally, it enhances compatibility with its “gasless” trading feature.

Ultra v3 increases sandwich attack protection by up to 34 times and delivers industry-leading performance in terms of slippage. It also reduces execution fees by up to ten times compared to previous versions.

The update introduces a new router called Iris, a meta-aggregator that scans multiple platforms such as JupiterZ, DFlow, Hashflow, and OKX to find the best possible quotes. JupiterZ, a native Request for Quote (RFQ) system, handles around $100 million in daily volume with zero slippage and will be exclusively available through Ultra v3.

Ultra v3 Ensures Trade Integrity and Security
Jupiter’s predictive execution engine powers these improvements, intelligently prioritizing routes and performing “just-in-time” simulations to ensure tighter quotes. The platform also incorporates ShadowLane, an in-house engine that executes private transactions in under a second and prevents orders from being sent to external providers, minimizing exposure to MEV attacks.

Jupiter emphasizes that, unlike other services that sell order flow to MEV searchers, Ultra v3 protects users from external risks, ensuring the integrity of every trade.

Ultra v3 also extends the Gasless Support feature, allowing users to execute trades without holding SOL in their wallets to pay network fees. As long as a token has value during the swap, Ultra calculates the transaction gas and deducts it from the swap, expanding coverage to Token-2022 and memecoin-memecoin pairs and lowering the minimum trade size to $10.

The update integrates seamlessly across all Jupiter platforms, including mobile and desktop apps as well as its API and professional tools. With Ultra v3, the protocol becomes one of Solana’s most advanced aggregators, offering traders and investors greater efficiency, security, and flexibility in order execution

DeepSeek AI Predicts strong scenarios for XRP, Cardano, and Pepe amid a market that has surged to a Bitcoin ATH and then pulled back on tariff news ahead of the FOMC. Projections include XRP $3–$10 by year-end, ADA $5–$8 by late 2025, and Pepe $0.00001–$0.00003 on an ATH retest.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A robust interest in Ethereum, the second-largest digital asset,  appears to be returning to the market. Several institutional investors, especially corporate treasury firms, are currently accumulating the leading altcoin in light of ongoing market volatility and rapid fluctuations in ETH’s price.

Bitmine Resumes Its Strategic Ethereum Buying Spree
While the price of Ethereum is experiencing bearish pressure, large treasury companies are doubling down on ETH as they continue to purchase the asset in massive chunks. One of the latest notable ETH buys comes from Bitmine Immersion Technologies Inc., a public blockchain technology company.

Bitmine Immersion once again is making headlines with a massive strategic purchase of ETH on Thursday. Leading intelligence and blockchain analytics company Arkham shared the recent ETH acquisition on the social media platform X.

According to the intelligence platform, the company purchased over 104,336 ETH, valued at $417 million, strengthening its treasury reserve. Such a massive Ethereum purchase from Bitmine Immersion reinforces the firm’s long-term conviction in the asset and its expanding ecosystem.

Bitmine ETH buying spree | Source: Chart from Arkham on X
Furthermore, the move also indicates renewed growing institutional interest in ETH despite its waning price action in the past few days due to last weekend’s market crash. As institutional interest in digital assets grows, BitMine‘s ongoing acquisitions underscore a larger pattern of progressive companies preparing for Ethereum’s future technological and economic supremacy.

Data shared by Arkham reveals that two wallet addresses associated with the company took $185 million in ETH out of American-based crypto exchange Kraken on Wednesday night. In addition, another ETH movement valued at $231.5 million was withdrawn from BitGo the same day.

Is Bitmine Becoming The MicroStrategy Of ETH?
Bitmine Immersion’s latest Ethereum buy to increase its treasury reserve has triggered a frenzy in the crypto community. Given its persistent accumulation of the altcoin over time, ZYN, a crypto investor, has declared Bitmine the MicroStrategy of ETH. This statement draws a comparison to the pattern adopted by Michael Saylor toward Bitcoin, the flagship digital asset.

According to the expert, Bitmine’s massive acquisition of ETH is a sign of big conviction. Despite the heavy buys seen among large firms, ZYN believes it is not enough, and more big buyers are needed. His major reason for this statement is the ongoing panic selling among investors. In his view, more buyers, especially institutional ones, are required to absorb that selling pressure.

Presently, Ethereum is witnessing history as its treasuries and Spot Exchange-Traded Funds (ETFs) grow exponentially. Data from everstake.eth on the X platform shows that the cumulative supply of ETH held in both areas has reached 12.8 million ETH, worth a staggering $48.6 billion. These massive holdings now represent over 10% of the Ethereum supply.

ETH trading at $3,781 on the 1D chart | Source: ETHUSDT on Tradingview.com
Featured image from Pixabay, chart from Tradingview.com

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Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.

As the week draws to a close, Bitcoin continues to show signs of resilience following its dramatic flash crash to the $101,000 price level last weekend. After days of intense volatility and heavy liquidations across the market, the world’s largest cryptocurrency has managed to stabilize above this level, even reaching as high as $113,400 during the week. 

In this context, crypto analyst Tyrex shared a bullish outlook on X, stating that the worst of the downturn is behind and that Bitcoin could soon be gearing up for an upward surge back to $117,000.

Bitcoin’s Price Action Reinforces Bottoming Thesis
Tyrex believes Bitcoin’s repeated defense of the $108,000 to $105,000 zone is a strong indication that the market has already bottomed out. Throughout the week, price action remained around this critical area despite continued selling pressure. This means there is the presence of a firm support at this level. 

The analyst explained that if the correction were still unfolding, Bitcoin would have already slipped below $108,000. Instead, the consistent retest and hold of this range suggests exhaustion of the bearish trend and a setup for a rebound. Such resilience after major drawdowns has often preceded powerful recovery rallies in previous Bitcoin market cycles.

According to Tyrex, Bitcoin’s current consolidation phase is forming a base for the next leg higher. He projected that the price could climb toward $117,000 in the coming sessions once short-term resistance levels are cleared. The broader technical structure still favors the bulls, with many traders viewing last weekend’s crash as a reset that flushed out excessive leverage rather than a signal of long-term weakness. Momentum indicators have also begun to flatten out, and we could see renewed buying interest from both retail and institutional traders into the next week.

Altcoins To Benefit From Bitcoin’s Strength
Tyrex also suggested that the broader crypto market will follow Bitcoin’s lead once it begins to move decisively upward. The majority of altcoins followed Bitcoin’s crash last weekend and plunged massively. Ethereum, Solana, and XRP all fell below support levels as market sentiment soured.

However, smaller assets are beginning to stabilize alongside Bitcoin, due to confidence among traders expecting the worst to be over. Tyrex warned investors not to misinterpret the ongoing sideways movement as a sign of further decline, noting that “the market already crashed, let it rest.”

At the time of writing, Bitcoin is trading at $105,300. Heading into the new weekend, Bitcoin’s ability to close the week above $105,000 could set the stage for a breakout to $111,000 and $117,000. If this scenario unfolds, Tyrex’s projection that the crash has concluded and a new uptrend is forming could soon prove accurate. However, failure to hold above $105,000 could lead to a further downtrend.

BTC trading at $103,981 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from Pixabay, chart from Tradingview.com