Market Signal Briefing

TL;DR

Uniswap has integrated Solana’s liquidity directly into its main web interface.
The integration is powered by Jupiter’s Ultra API, Solana’s largest aggregator.
The move is part of Uniswap’s long-term vision for its L2, Unichain, and borderless DeFi.

Uniswap Labs has just expanded its ecosystem. The developer behind Ethereum’s main decentralized exchange (DEX) took a strategic step by integrating Solana’s liquidity directly into its main web interface.

That is, the company has discreetly implemented Uniswap support for Solana directly on its web interface, a move that unites two of the largest liquidity pools in the crypto world.

Instead of building a separate native version on Solana, Uniswap has opted for a flexible framework, an “architecture layer” designed to agilely connect any blockchain to its interface. Solana is the first beneficiary of this new design, which Uniswap engineers say will facilitate seamless multi-network trading for users.

Technical Integration via Jupiter
To manage the complex technical side of this expansion, Uniswap turned to Jupiter, Solana’s largest liquidity aggregator. This strategic partnership ensures that all swaps (exchanges) made by users from the Uniswap application are efficiently routed through Jupiter’s Ultra API.

In practice, this gives users access to Solana’s entire DEX liquidity landscape without ever leaving Uniswap’s familiar environment. SIONG, Jupiter’s pseudonymous co-founder, described the collaboration as a milestone, highlighting that Uniswap is the first major platform to integrate its new API.

The launch comes at a booming time for Solana’s decentralized exchanges, which have processed nearly $140 billion in volume over the last 30 days, while Jupiter alone generated $17.5 million in fees. With Uniswap now in the mix, this liquidity could flow both ways.

This move for Uniswap support for Solana also aligns with the company’s long-term vision for Unichain, its layer-2 network introduced in February. Danny Daniil, Uniswap’s head of trading engineering, stated that linking Solana liquidity to Unichain will let traders “chase the best trades wherever conditions are optimal” across ecosystems.

Uniswap, which surpassed $3 trillion in lifetime trading volume this year, is clearly betting on a DeFi future without borders between chains.

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The market keeps falling at the end of the week, according to CoinMarketCap.

Top coins by CoinMarketCapXRP/USDThe rate of XRP has declined by 5.82% over the past day.

Image by TradingViewOn the hourly chart, the price of XRP has made a false breakout of the local support of $2.2023. 

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However, if the rate does not bounce back far from it, and the daily bar closes near $2.20, there is a high chance of seeing an ongoing drop to the $2.15 zone.

Image by TradingViewOn the longer time frame, there are no reversal signals yet. If the daily candle closes near its low, one can expect a test of the $2 area soon.

Image by TradingViewFrom the midterm point of view, bears are controlling the situation on the market. If bulls cannot seize the initiative, traders may witness a test of the support of $1.7711 by the end of the month.

XRP is trading at $2.2609 at press time.

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Published: Oct 17, 2025, 15:09 GMT+00:00

Key Points:Solana dropped to $175 once again today, and investors bought the dip, at least for now.The Fear and Greed Index has dropped to levels not seen since April.SOL could recover rapidly if the $175 support holds.

Solana (SOL) has gone down by 8.3% in the past 24 hours, but buyers showed up to scoop up some tokens as they dropped to $175.

Trading volumes have increased by 25% in the past 24 hours, currently accounting for 12% of the token’s circulating market cap at $11 billion.

Whenever volumes exceed $10 billion for SOL, the market pays attention, as it means that the token has touched an area of interest for both buyers and sellers.

Today’s crypto riot is affecting almost all tokens across the market, and has plummeted the combined valuation of the top 100 cryptos by 7% as per data from CoinMarketCap.

Market Sentiment Sours Amid Trump’s Tariff Increase
Sentiment readings have dropped dramatically once again, exactly a week after President Donald Trump imposed a 100% tariff on Chinese imported goods on top of the increase in levies he had already announced months ago.

Crypto’s Fear and Greed Index has plummeted to 28, meaning that investors are panicking over this drop. This is the lowest reading since April, when the market started to recover from this year’s initial bear market.

Crypto’s Fear and Greed Index – Source: CoinMarketCap

Counterintuitively, whenever market sentiment sours to these levels, it tends to attract significant buying interest as ‘smart money’ tends to enter the scene when “blood is in the streets.”

Moreover, Trump’s decision to slap China with higher tariffs has also derailed the beginning of altcoin season. At some point in September, the combined value of ‘alts’ reached $1.72 trillion. At the time of writing, this metric has plummeted by 15% to $1.42 trillion and is now into “Bitcoin season” territory based on CoinMarketCap’s Altcoin Season Index’s readings.

This is not good news for Solana as it means that investors are rotating capital out of altcoins and into Bitcoin as part of the normal “flight-to-quality” move that happens when the market tanks.

Solana Bounces Off Key Support
The daily chart shows that buyers have backstopped the decline at $175 today. This has been a key area of support and resistance multiple times in the past, which emphasizes its technical relevance and increases the odds of a bounce.

SOL/USD Daily Chart (Coinbase) – Source: TradingView

This area is also near the 200-day exponential moving average (EMA), increasing the odds of a bear trap if buying pressure accelerates.

Is SOL recovers to $200 during the weekend, this would favor a bullish outlook as the market would have confirmed that there’s a floor at this critical level of $175, meaning that investors will not be willing to sell their tokens for any less than that.

If that’s the case, the token could climb to $250 in no time. Solana’s ETF shows resilience as its assets under management have stood near the $400 million mark despite this past week’s selling spree.

Similarly, Ethereum ETFs experienced a mild $57 million net outflow yesterday. Overall, vehicles linked to ETH have taken a net outflow of $80 million, which is next to nothing considering the steep decline that the token has faced lately.

In contrast, if the selling picks up steam later today and throughout the weekend, we could see SOL dropping sharply to the low 150s, meaning a downside potential of 17% in the near term.

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Dogecoin extended a sell-off since the past week, currently down 27% in the last seven days.

At press time, Dogecoin was trading down 7.13% in the last 24 hours to $0.1825 as the broader crypto market tracked losses on Wall Street amid concerns regarding the banking sector and escalating trade tensions.

Investors are considering the ongoing government shutdown, which is in its third week, as lawmakers fail to reach an agreement on the federal budget. During the shutdown, federal agencies have suspended releases of crucial economic data, not allowing investors to properly assess the health of the U.S. economy.

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Minutes from the Fed’s September meeting showed the Federal Open Market Committee was divided on the number of interest rate cuts on the horizon. The FOMC is scheduled to meet on Oct. 28-29 to make its next monetary policy decision.

Dogecoin confirms death crossDogecoin has confirmed a death cross on its short-term chart — specifically the 30-minute chart. A death cross occurs when a short-term moving average falls below a long-term moving average, a bearish indication.

DOGE/USD 30 minutes Chart, Courtesy: TradingViewThis coincides with Dogecoin's sell-off since the week's start, with today marking its fourth consecutive day of dropping since the Oct. 13 high of $0.218.

The drop comes as the market’s recovery from last week’s massive liquidation shock appears to have stalled, with the majority of cryptocurrencies falling. Dogecoin also fell, reaching a low of $0.175 early Friday.

Dogecoin's next resistance will lie at $0.206 and $0.237 if the market recovers. On the other hand, the next support level is expected at $0.15 following a breach of the support at $0.178.

Ethereum holds $3,780 after 13% weekly drop as analysts debate $10K breakout or deeper correction. Key indicators flash mixed signals.

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Ripple Labs is spearheading an effort to raise at least $1 billion to accumulate XRP via a new digital-asset treasury, or DAT, according to Bloomberg, signaling that the latest bout of market turmoil has not dislodged heavyweight players from advancing aggressive balance-sheet strategies tied to crypto assets.

People familiar with the matter told Bloomberg the vehicle would be capitalized through a special purpose acquisition company (SPAC), with Ripple also planning to contribute some of its own XRP. “Representatives for Ripple did not respond to requests for comment. Exact terms of the transaction remain under discussion and could change,” Bloomberg reported, underscoring that while the plan is live, its contours are not yet finalized.

The timing places Ripple’s move squarely against a fragile market backdrop. A week after a heavy selloff triggered record liquidations, sentiment remains brittle. Against that context, the contemplated DAT is notable on several fronts.

First, the scale: “Ripple Labs Inc. is leading an effort to raise at least $1 billion to accumulate XRP,” Bloomberg reported, adding that if completed, “it would be the biggest one to focus on XRP.”

Second, the structure: a SPAC-funded DAT reflects the 2025 wave of publicly listed token accumulators that have proliferated through reverse takeovers or SPAC listings. Bloomberg observed that “throughout 2025, digital-asset boosters set up an array of publicly listed token accumulators,” noting that “today, there are more than 300 entities holding Bitcoin alone, according to BitcoinTreasuries.net.”

The Market Backdrop
While Bitcoin-focused treasuries dominate that landscape, Bloomberg emphasized that “XRP hasn’t drawn the same level of interest from DAT investors as Bitcoin.” This initiative would attempt to change that balance. By design, a DAT channels committed capital into a defined acquisition mandate—here, XRP—creating programmatic buy-side flow that can be measured against circulating supply dynamics and secondary-market liquidity.

The framing of $1 billion in potential purchasing capacity invites obvious questions about incremental demand. Yet the wire also cautions that investor appetite for token accumulators has cooled: “Investors have also gotten more skeptical about DATs, with shares of major crypto accumulators including Michael Saylor’s Strategy Inc. and Japan’s Metaplanet Inc. posting steep declines in recent months.” That skepticism is precisely the environment in which Ripple is attempting to stand up a new vehicle.

While XRP-specific accumulation vehicles have been relatively scarce compared to Bitcoin, there are a few already established: In May, sustainable-energy firm VivoPower International announced a $121 million fundraising.

Notably, the report comes the same day that Ripple agreed to buy treasury management software provider GTreasury for $1 billion, according to a Thursday announcement.

At press time, XRP traded at $2.33.

XRP price, 1-day chart | Source: XRPUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

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Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

XRP Eyes Key $2.10 Support Amid Oversold SignalsAccording to market analyst Kamil, XRP is currently navigating a critical juncture as the $2.10–$2.20 zone acts as short-term support, while resistance remains around $2.70.

This range has become a focal point for traders, offering insight into potential price movements over the coming sessions.

Source: KamilThe technical picture highlights growing caution among investors. XRP’s Relative Strength Index (RSI) is hovering near 34, signaling that the cryptocurrency is approaching oversold territory. 

Historically, an RSI below 35 often attracts buyers seeking accumulation opportunities, suggesting that a rebound could be on the horizon if demand picks up. Kamil emphasizes that monitoring trading volumes around this zone will be key in determining whether support will hold or falter.

If XRP holds the $2.10 support, a rebound toward $2.80 becomes likely, driven by oversold conditions that often spark short-term buying rallies. Traders could see this as a prime entry point ahead of a potential recovery. Analyst Kamil highlights the $2.70–$2.80 range as a key resistance zone, where selling pressure may test upward momentum.

On the other hand, a drop below $2.10 could spark a sharper correction, potentially pushing XRP toward support around $1.50. This would indicate rising selling pressure and a shift in market sentiment, prompting investors to reassess risk and adopt a cautious stance amid broader volatility.

At the time of this writing, XRP was trading at $2.28 per CoinGecko data.

Global Banking Standardization Set to Revolutionize Payments from November 2025According to renowned crypto observer SMQKE, a historic shift in global finance is on the horizon. From November 2025, over 11,500 SWIFT member institutions worldwide will operate under a unified messaging standard through ISO 20022 compliance. 

Therefore, this move is expected to bring unprecedented efficiency, transparency, and interoperability to cross-border payments, reshaping the way financial institutions and corporations transact globally.

ISO 20022, the 'universal language of payments,' is revolutionizing financial messaging. By supporting rich, structured data, it enables banks and institutions to exchange transactions seamlessly, cut errors, speed up settlements, and simplify reconciliation. For corporations, this means clearer cash flow visibility, stronger liquidity management, and more accurate reporting.

Therefore, ISO 20022 compliance not only boosts operational efficiency but also enhances financial security. Its advanced data structures improve transaction monitoring, helping banks swiftly detect anomalies and meet stricter AML and CTF regulations.

ConclusionXRP is at a critical juncture. Holding the $2.10–$2.20 support could trigger a rebound toward $2.80, while a break may push prices down toward $1.50. Traders should monitor these levels closely, as oversold conditions could drive the next decisive move.

On the other hand, the November 2025 adoption of ISO 20022 by over 11,500 SWIFT members represents a transformative moment for global finance. 

From faster, more transparent payments to enhanced security and cross-system integration, the standard promises to redefine how value moves across borders, making global transactions smarter, safer, and more seamless than ever before.

The controversial social media personality, Andrew Tate, issued another crypto warning on October 17, claiming that Bitcoin (BTC) is going to drop all the way to $26,000.

​Weighing in on this week’s crypto slump, the former kickboxer let his followers on X know that the reason the market is crashing further is that there are still people who are optimistic that we’re only witnessing a short-term setback.

​Once the sentiment changes entirely, that is, when everyone has lost their money and there are no traders bold enough to go long anymore, the tides are going to turn, and that’s when new all-time highs (ATH) are going to come in.

​“It’s going down because you think it won’t. So everyone’s max-longing because the market’s become super volatile. Most people have lost all of their money, so everyone’s like ‘Well, it can’t go any lower!’… Everything can always get worse…” said Tate. 

“It will continue to get worse until all of the optimism is gone, until all the longs have stopped being placed, til everyone’s out of money, til nobody’s gonna profit. Once that is in place, once nobody is gonna make it all back with one trade… then we go to all-time high,” he added.

Crypto market continues to fall
The cryptocurrency market experienced another flash crash in the hours leading up to Tate’s rant, plunging $150 billion in a matter of hours and intensifying the already steady downward trend.

Without exception, the top 10 digital assets had fallen sharply on the day. Bitcoin slid 5.6%, while Ethereum (ETH) lost 7.16%. At the same time, XRP and Solana (SOL) recorded declines of 7.69% and 8.23%, respectively. Cardano (ADA) and BNB, however, were hit hardest, plummeting 9.84% and 11.93%. Andrew Tate’s own meme coin itself, Daddy Tate (DADDY), is 8.49% in the red as of the time of writing.

The downturn was driven by broader macroeconomic concerns, particularly the escalating tensions between the U.S. and China, which have affected both digital and fiat markets, pushing investors toward hedges such as gold, which traded at $4,339 per ounce, up another 1.14% on the daily chart.

Featured image via Shutterstock

The cryptocurrency market has been hit by another sharp crash, with Bitcoin (BTC), Ethereum (ETH), and major altcoins plunging in the last 24 hours. Bitcoin has dropped below $106,000, falling nearly 5%, while Ethereum is down over 6% to around $3,790.

XRP, which recently traded above $2.40, is now at $2.28 and faces increasing pressure amid fears of a deeper fall below the $2 level. BNB trades near $1,070, Solana (SOL) at $181, and Cardano (ADA) at $0.62. Dogecoin (DOGE) has fallen to $0.18, and TRON (TRX) is hovering around $0.30.

Across the board, the market’s total capitalization has fallen to $3.57 trillion, marking a 5.63% daily decline. The average crypto RSI (Relative Strength Index) stands at 36.7, an oversold territory that often means panic-driven trading.

Why the Market Is CrashingSeveral factors appear to be driving this sell-off. Analysts have observed a brewing regional banking crisis in the U.S., with smaller institutions like Western Alliance Bank and Bank of California facing heavy losses. The collapse of regional lenders Tricolor and First Brands has also renewed fears of a wider financial strain.

This has led to a liquidity squeeze in the U.S. banking system. According to reports, banks have borrowed nearly $7 billion from the Federal Reserve’s standing repo facility in just one session.

Market Manipulation and Trader LiquidationsA surge in leveraged long positions may have made this downturn worse. Over the past week, traders placed billions of dollars in bets that Bitcoin and altcoins would continue rising.

When prices started to fall, these overleveraged positions were liquidated, triggering a cascade of automatic sell orders across exchanges.

What’s Next for the MarketAnalysts warn that the next few days could remain bearish. The combination of macro fears, regional banking stress, and leveraged unwinding has set up the perfect storm for volatility.

Still, a bounce is possible once panic selling cools off. Historically, Bitcoin corrections of 5–10% during bull markets have often served as reaccumulating zones before the next leg up.

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Tokenized Gold and Bitcoin Mining Unite in a Dual Financial StrategyHong Kong-based DL Holdings Group Limited has announced a strategic partnership with Antalpha, a global digital asset financial services provider. The collaboration, valued at up to $200 million, combines tokenized gold assets and Bitcoin mining infrastructure, forming a “dual strategy” at the crossroads of traditional and digital finance.

DL Holdings has already made its initial $5 million investment in Tether Gold (XAUT) and plans to acquire and distribute up to 100 million XAUT over the next 12 months. Each XAUT token, issued by Tether, is backed by physical gold bars stored in secure London vaults.

The company aims to make gold investment accessible on the blockchain for institutional and private investors through brokerage accounts and structured products. Antalpha will provide liquidity, custody, and XAUT-secured lending through its RWA Hub platform, and plans to establish physical vaults in global financial centers to facilitate gold redemption.

“We’re developing both the value store and the infrastructure of the digital financial world. By tokenizing physical gold, we’re reimagining the way value is stored and circulated,” said Andy Chen, CEO of DL Holdings and NeuralFin.

The partnership, first announced in early October, positions DL Holdings as Tether Gold’s key strategic partner in the Asia-Pacific region. Together with Antalpha, the company will develop yield-enhancing products, secured lending, and structured solutions for high-net-worth clients.

Investing in Gold and Bitcoin InfrastructureAmid global inflation and geopolitical uncertainty, gold prices have surged more than 60% year-to-date, while the tokenized gold market has grown beyond $3 billion, becoming the largest segment of tokenized real-world assets (RWAs).

In parallel, DL Holdings is committing another $100 million to expand its Bitcoin mining infrastructure. The firm has already purchased several thousand high-performance mining machines and is preparing to buy approximately 3,000 Antminer S21s from Bitmain. Current capacity yields about 350 BTC annually, with a medium-term target of 1,500 BTC per year.

Antalpha’s Role and the “Golden Triad”As a strategic partner, Antalpha will offer funding, technology support, and risk management, helping to create transparent access channels to Bitcoin for both private and institutional investors.

“By investing in large-scale hashrate, we are strengthening the foundation of digital assets. These two strategies—gold and Bitcoin—complement each other and form the core of DL’s competitive advantage in the global financial market,” Chen said.

Antalpha is a key financial partner of Bitmain, the world’s largest mining equipment manufacturer, which controls roughly 75% of the global market. The collaboration between DL Holdings, Antalpha, and Bitmain forms a “golden triad” of technology, financing, and scalability aimed at building Asia’s leading Bitcoin mining enterprise.

DL Holdings previously tokenized stakes in ByteDance and Kraken, and converted its DL Tower (Hong Kong) and ONE Carmel (USA) properties into real-world assets (RWAs). These initiatives align with Hong Kong’s ambition to become a global hub for digital finance, reinforcing DL Holdings’ role as a pioneer in merging traditional and blockchain-based assets.

Key takeaways:

Market analysts believe the Bitcoin bull run could soon come to an end.  

BTC price risks a 50% correction to $52,200 if key support levels fail, according to technical analysis.

Bitcoin (BTC) fell to $103,500 on Friday, resulting in over $916 million in liquidations of leveraged long positions and dampening sentiment in BTC markets.

Investors appear to be losing confidence after two straight weeks of failing to hold prices above $110,000. But does this mean the bull run is over?

Bitcoin bull run “ends in 10 days”Bitcoin may only have a few days of price expansion left in the cycle, especially if it follows historical patterns from past bull runs, according to analyst CryptoBird.  

The Bitcoin “bull run ends in 10 days,” the analyst said in an X thread on Tuesday, basing the forecast on previous cycles.

Cycle Peak Countdown shows that the Bitcoin bull run is 99.3% done, as weak hands are shaken out “in a classic pre-peak pattern,” the analyst said.

“1,058 days since cycle low = 99.3% complete, with only 0.7% remains of this historic bull cycle. Our October 24 target is exactly 10 days away.”

According to the analyst, the ongoing pullback is right on schedule, adding that it appears to be a classic pre-peak behavior that occurs in every major cycle, as “final weak hands getting flushed before the euphoric top.” 

BTC/USD chart  Source: CryptoBirdIt has been 543 days since the 2024 Bitcoin halving, which put the BTC market “+25 days inside the historical 518-580 day peak window,” the analyst said, adding:

“We’re not just in the zone - we’re deep in the statistical heart where every major Bitcoin top has occurred.”Bitcoin price history. Source: CoinmetricsAs Cointelegraph reported, the Bitcoin Fear and Greed Index has hit yearly lows of 22, signifying “extreme fear” among investors. 

CryptoBird said that this represents a complete reset in market sentiment before BTC embarks on its final leg. 

“This emotional washout creates the perfect launchpad for final leg euphoria.”Bitcoin price could drop to $50,000: AnalystsBitcoin’s drop below key support levels today, including the 200-day simple moving average, has led to structural weaknesses, which could potentially lead to a deeper correction, according to analysts.

The price is “now testing the 0.786 fibonacci retracement level around $104,000,” analyst Daan Crypto Trades said in an X post on Friday, adding that losing this level would bring June lows at $98,000 into the picture. 

“Touching grass if bulls can’t manage to hold this level this week.”BTC/USD daily chart. Source: Daan Crypto TradesFellow analyst Captain Faibik highlighted that Bitcoin appears to be following a rising wedge pattern on the weekly chart, with a measured target of $52,200.

“The Bitcoin bull run is over,” the analyst said in a Friday post, adding:

“A 50% bearish correction is likely incoming in the midterm.”BTC/USD weekly chart. Source: Captain Faibik 
As Cointelegraph reported, retail interest in Bitcoin is already at bear market levels, reflecting caution and anticipation of deeper BTC price drawdowns.

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

HBAR’s 50-day and 200-day EMAs are nearing a Death Cross, signaling weakening momentum and potential end of its three-month bullish trend.Futures funding rates show indecision among traders, reflecting low confidence and increasing short-term volatility.HBAR trades at $0.159; falling below $0.154 could target $0.145, while a rebound above $0.180 may push it to $0.198.Hedera (HBAR) price is witnessing a concerning trend reversal after weeks of attempts to sustain bullish momentum. 

The altcoin had been validating a potential breakout pattern, but mounting bearish pressure threatens to derail it. The current trajectory suggests that the bullish setup may fail as technical indicators flash red.

Hedera Faces A Death CrossThe 50-day and 200-day Exponential Moving Averages (EMAs) are on the verge of forming a Death Cross, a classic bearish signal. This event occurs when the 50-day EMA falls below the 200-day EMA, confirming a shift in market structure. A completed Death Cross would indicate accelerating bearish momentum for HBAR.

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This development marks the end of a three-month-long Golden Cross that had previously supported upward movement. As sentiment weakens, traders are turning cautious, with selling pressure rising across exchanges. Historically, Death Cross formations have preceded notable price corrections, suggesting HBAR may struggle to maintain its bullish structure.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

HBAR Death Cross. Source: TradingViewThe funding rate in the HBAR derivatives market reflects heightened uncertainty among Futures traders. Over the past few days, the rate has fluctuated significantly, indicating indecision between long and short positions. Such instability highlights a lack of conviction, leaving HBAR’s short-term direction vulnerable to broader market shifts.

Without a clear bias toward bullish or bearish positioning, HBAR could remain range-bound or even slip further as liquidity dries up. For any meaningful recovery, a return of investor confidence and positive funding rate stability will be essential.

HBAR Funding Rate. Source: CoinglassHBAR Price Could FailHBAR is trading at $0.159 at press time, moving within a descending broadening wedge pattern. While this formation is typically considered bullish, prevailing technical and sentiment indicators suggest potential failure.

If bearish pressure intensifies, HBAR could fall through the downtrend line. This could result in the altcoin slipping below $0.154 and targeting $0.145 in the coming days.

HBAR Price Analysis. Source: TradingViewConversely, if the three-month pattern remains intact, a reversal may propel HBAR above $0.180 and $0.188, eyeing a move to $0.198. This breakout would invalidate the bearish thesis and restore confidence among investors.

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In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

The crypto loss streak continues for consecutive Fridays, wiping millions from traders who had hoped days of a market slump were well behind them. A crypto whale has lost over $1.4 million to liquidations from long bets on wrapped Bitcoin (wBTC), Ethereum (ETH), and Chainlink (LINK).

TL;DR

Shark Tank investor Kevin O’Leary criticized Ethereum, claiming it “cracks under pressure” after gas fees surged above $1,000 during heavy network traffic.
He compared Ethereum to a one-lane highway, questioning its scalability as real-world adoption grows.
Ethereum developer Adriano Feria responded, explaining that Layer 2 solutions handle most transactions while Layer 1 prioritizes security and institutional settlement, highlighting Ethereum’s robust ecosystem.

Kevin O’Leary, Canadian businessman and TV personality, has raised concerns over Ethereum’s ability to handle increasing blockchain activity. In a recent post on X, he said he witnessed significant network congestion, leaving users paying over $1,000 in gas fees for relatively small transactions. The spike in fees, according to O’Leary, coincided with heightened market volatility and a surge in retail transactions, highlighting the network’s limitations under stress.

Investor Highlights Real-World Network Pressure
O’Leary described Ethereum as a single-lane highway struggling under heavy traffic, comparing transaction congestion to a toll booth bottleneck. He argued that the recent surge exposes Ethereum’s weaknesses as adoption rises and more users interact with the blockchain in real-world scenarios.

“If you’re buying something for $1.50 and have to pay a thousand to move it, that’s a clear sign of stress,” he said.

He also noted that such congestion could deter smaller investors from using Ethereum for everyday transactions, potentially slowing mainstream adoption temporarily.

Developer Emphasizes Layer 2 Solutions And Security
Ethereum developer Adriano Feria countered that Layer 1 is designed as a final settlement layer, focusing on security, neutrality, and auditability. Feria explained that most high-frequency transactions are handled by Layer 2 rollups, capable of processing hundreds of transactions per second.

“Institutional users rely on Ethereum’s security and reliability, not just raw throughput,” Feria stated, pointing to ongoing usage by Coinbase, BlackRock, Visa, and Sony.

Feria also highlighted that Ethereum’s infrastructure continues evolving, with upcoming protocol upgrades expected to further improve efficiency without compromising security.

Despite O’Leary’s criticism, Ethereum’s broader ecosystem continues to expand. Layer 2 solutions are scaling rapidly, offering faster, cheaper transactions while maintaining the integrity of Layer 1. With billions in stablecoins, tokenized funds, and real-world assets now settled on Ethereum, the network remains a key player in institutional adoption.

O’Leary also linked the congestion to increased on-chain adoption spurred by legislative initiatives such as the Genius Act. He suggested that as blockchain payments gain traction in the real world, scalability will remain a visible challenge, but one that the Ethereum ecosystem is actively addressing through its layered infrastructure.

Fri, 17/10/2025 - 14:24

Meme coin Shiba Inu (SHIB) eyes price drama as adding a zero is no longer a threat, and deleting it is the goal.

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

For months, the Shiba Inu (SHIB) price narrative was defensive — could the once-popular meme coin avoid adding another zero to its quote as multimonth market pressure pushed it closer to collapse territory? That was the game traders played every week: survival, not growth. 

The latest turn happened last Friday, which is already dubbed a "Black Friday," flipping the narrative. The worst happened, and instead of fearing another decimal, SHIB watchers are again whispering about the dream scenario — deleting one.

SHIB/USD by TradingViewThe Shiba Inu coin's price today sits at $0.00000972, just under the ten-thousandth mark. It slipped through the long-standing $0.00001178 support in early October and even printed a deep wick at $0.000006, when liquidity vanished for a moment. 

HOT Stories

The recovery back near $0.00000970 did not erase the damage, but it changed the tone: instead of bracing for a fresh zero, holders are asking if this base can become the launchpad for a breakout that finally takes one away.

Exchange flows, in the meantime, whiplashed billions of tokens, suggesting that whales are still maneuvering aggressively rather than abandoning the SHIB ship. The holder count even edged up to 1,545,726 wallets, with transfers up 3.15% in 24 hours — not behavior you see in a dead market.

Bottom lineDeleting a zero will require SHIB to build volume above the recovered zone, keep whale supply off exchanges and amplify burn mechanics to chip away at circulation. 

But the fact that the conversation is no longer about defending against collapse and is instead about attacking another decimal place shows that sentiment regarding SHIB right now is rather bearish.

Related articles

What to Know:

Bitcoin is back down dangerously close to the $100K barrier
A long-term recovery for Bitcoin looks clear
Bitcoin Hyper could be part of that journey with a Layer-2 solution to Bitcoin’s scalability woes
The $HYPER presale has already raised almost $24M

The Bitcoin Hyper presale is approaching a major milestone with $24 million worth of $HYPER tokens sold. We’ve observed significant whale activity during the presale, including purchases of $379.9K, $274K, $196.6K, and $145K.

In contrast, Bitcoin has had a rocky few weeks. Over the past two months, the price of $BTC peaked above $120K twice but then fell sharply after a flash crash on October 10. Although it appeared to be stabilizing, Bitcoin dropped today to around $103K.

Many point to the ripple effects from Trump announcing 100% tariffs on China, which in turn led to over $19B of leveraged crypto positions being liquidated. Now, smart money is shifting capital from Bitcoin into smaller crypto projects with higher potential upside, anticipating that Bitcoin will eventually recover.

The Bitcoin Hyper project could be the next 1000x crypto if it manages to make Bitcoin more appealing to retail and Web3 crypto users. One of the main problems with Bitcoin is that it’s slow, which drives transaction fees up and scales poorly when more users compete for resources on the blockchain.

That’s where Bitcoin Hyper comes into play. It’s a Layer-2 project that utilizes a Solana Virtual Machine (SVM) to process $BTC transactions more quickly than the Bitcoin network, leveraging Solana’s parallel processing capabilities.

Is the Bitcoin Network Inherently Slow?
There’s a limit to how quickly each trade can be added to the blockchain. When a transaction occurs, it must be confirmed by the network and added to the blockchain, a process that typically takes approximately ten minutes. However, this is just the ideal case.

Each block has a maximum file size, so any extra transactions that don’t fit are queued and added to a later block instead. It’s estimated that the current maximum speed of the Bitcoin network is around 7 to 10 transactions per second.

If you’re wondering why your transaction fees are increasing, it’s because there’s a bidding war on the Bitcoin network to get priority transactions processed as more users join the network. That’s not a problem if you’re a long-term $BTC investor, but it becomes a nightmare if you want to use $BTC for Web3 applications.

Caption: Source: qu.ai
The problem is that, according to most blockchain devs, if you want a decentralized blockchain, you either have to choose one that’s secure or scalable. For Bitcoin Layer-1, security is the top priority – which is why long-term investors prefer $BTC for its rock-solid security guarantees.

However, it’s hard to deny the advantages that high-speed programmable blockchains like Ethereum and Solana have brought to the Web3 world. If Bitcoin could offer similar features, there’s no telling how high the price of $BTC could go.

That’s the idea behind Bitcoin Hyper, which uses Bitcoin’s Layer-1 as a security guarantee while transferring transactions into an SVM for faster processing. Let’s take a look at exactly how Bitcoin Hyper works.

How does $HYPER solve these issues?
The Bitcoin Hyper network utilizes the existing Bitcoin blockchain as a trusted ledger that the SVM reads from, serving as the foundation for Layer-2. It accomplishes this through a Canonical Bridge, which holds $BTC in custody while it is being used on the network Layer-2.

Essentially, you send $BTC to the Canonical Bridge, and an equal amount is minted for you as wrapped $BTC on the Layer-2. You can then use your $wBTC in various dApps or swap it with other cryptocurrencies, just like any other crypto token, while your $BTC stays secure on the Layer-1.

Caption: The Bitcoin Hyper infrastructure allows for easy onboarding and withdrawal of $BTC

These transactions are recorded on a separate temporary ledger on Layer-2, which is periodically committed back to Layer-1. When you want to withdraw your $BTC, you can simply send a withdrawal request along with the $wBTC you wish to burn, and your $BTC will be sent back from the Bridge.

By managing all these transactions on Layer-2, Bitcoin Hyper would enable the Bitcoin network to scale significantly with more users while placing minimal stress on the actual blockchain.

For more information on how the Bitcoin Hyper network operates, you can check out our ‘What is Bitcoin Hyper’ guide.

Why Will $Hyper Grow?
The Bitcoin network is experiencing another challenging period. Still, typically, dips in $BTC indicate heavy buying activity as whales fill their wallets with cheap Bitcoin, suggesting a potential rise for $HYPER as more users begin testing the scalability of the Bitcoin network to its limits.

As the official utility token for Bitcoin Hyper, $HYPER offers a range of features, including lower trading fees on the network, as well as access to the Bitcoin DAO and exclusive smart contract capabilities on select dApps within the Bitcoin Hyper ecosystem.

Our Bitcoin Hyper price prediction considers these features, along with Bitcoin Hyper’s overall value proposition. We believe that $HYPER could reach as high as $0.02595 if the developers successfully deploy a working Layer-2 network by the end of 2025.

Further away, we expect $HYPER could increase by 7.5 times to $0.08625. However, to reach this goal, the Bitcoin Hyper project would need to successfully attract a dedicated community by offering incentives for node operators and developers.

In the long term, we expect $HYPER to reach $0.253 if it continues to grow in tandem with $BTC. The whales seem to see potential in $HYPER – we’ve already seen purchases of $379.9K, $274K, $196.6K, and $145K.

Alongside a tidal wave of other purchases, these whale purchases have increased the value of the $HYPER presale to just under $2.4M, resulting in a presale price of $0.013125. You’ll need to act quickly if you want to lock in your tokens at this price – the presale is dynamic, so the price is constantly rising. Any $HYPER you buy now can be staked for up to 49% in annual rewards.

Click here for more information on how to buy Bitcoin Hyper.

Authored by Aaron Walker, NewsBTC — https://www.newsbtc.com/news/whales-buy-bitcoin-hyper-1m-presale-1000x-crypto/

TL;DR

A stake pool operator accused Hoskinson of taking money from the Cardano treasury.
Hoskinson criticized the Cardano Foundation for proposing cuts to IOG’s development budget.
The IOG founder highlighted the “Midnight” project as the most transformative in Cardano’s history.

Charles Hoskinson, founder of Cardano and CEO of Input Output Global (IOG), has responded harshly to recent accusations labeling him with embezzlement. A stake pool operator (SPO) accused the CEO of taking money from the ecosystem’s treasury to fund his personal projects.

The controversy generated debate within the community, with many questioning why the SPO singled out Hoskinson while the Cardano Foundation generates profits from staking ADA.

For his part, Hoskinson called the accusations ironic, expressing his frustration at being portrayed as the ecosystem’s antagonist while the Foundation is praised. He criticized what he considers an inconsistent and negative narrative from certain sectors of the community.

This controversy uncovers a deeper conflict between Cardano’s two main entities. Hoskinson denounces that, despite his contributions, he is blamed for the project’s problems.

Tension between IOG and the Cardano Foundation
The friction between IOG and the Cardano Foundation is not new, especially regarding the allocation of treasury funds. A recent example is the Foundation’s proposal to cut 31 million ADA from the 2025 ecosystem budget.

According to Hoskinson, these cuts primarily targeted the core development funding allocated to IOG, which he interpreted as an attempt to undermine his company’s efforts.

Hoskinson has also criticized the Cardano Foundation’s unelected board for its, in his opinion, lack of accountability.

Despite the internal conflicts, Hoskinson remains steadfast in promoting Cardano’s future, highlighting the potential of the Midnight project, a privacy-oriented blockchain. He recently called it the “most transformative project in Cardano’s history.”

Hoskinson emphasized that Midnight’s partnerships (which include Brave, Bitcoin.com, and Google Cloud) are crucial, since, as it is a Cardano-native token, whoever adopts Midnight also adopts the Cardano ecosystem. Meanwhile, the ADA token has suffered in the market, losing key support levels and falling below $0.66.

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

Crypto majors very red as Bitcoin hits 4-month low at $105,700
ETFs see biggest outflows since August with $530.9M
Charles Schwab plans to launch crypto custody in H1 2026
MegaETH partners with Chainlink for real-time data stream oracles
Meteora introduced its tokenomics and airdrop checker, trades at $1.08B premarket
📉 Crypto Selloff - “The Natives Did It”It’s been a long-standing joke: “Are the sellers in the room with us?”

Well, it turns out: Yes, indeed they are.

📌 What Happened?According to JPMorgan, the sharp crypto correction last week in crypto and carrying through this week was largely self-inflicted.

In a note to clients, the bank said the sell pressure came from crypto-native investors, not institutions.

The data backs that up: While open interest on Binance and other offshore venues cratered, CME’s institutional contracts barely moved.

It’s very much a tale of two markets.

Regarding on-chain crypto, the more than $19 billion in liquidations that slammed the crypto market on Friday have tremendously impacted sentiment and prices, neither of which have yet to recover.

Glassnode shows nearly $12 billion in futures open interest evaporated overnight, the biggest single-day decline in dollar terms ever.

Yet, institutional flow looks calm.

The ETFs have seen steady inflows through the turbulence. Across the past two weeks:

BTC ETF inflows: $2.4B
ETH ETF inflows: $460M
CME’s Bitcoin open interest held steady, ETF outflows were minor, and Coinbase volumes even ticked up, suggesting that institutional money (smart money) mostly watched from the sidelines.

This was the crypto casino cleaning itself out, not TradFi calling it quits.

🧠 Why It MattersThe institutions have mostly still been buying through the pain —so who has been selling?

Answer: ancient whales and 4-year cycle believers.

There’s plenty of data showing the amount of Bitcoin sold this year from those ancient whales, many of whom were up billions. They said they were going to dump their coins on Wall St., and then they did.

And then one of the biggest anecdotal takeaways from the Asia crypto conference tour last month was that many Asian whales still believe in the 4-year cycle, and fully planned on selling this year aligned with prior cycles.

While this has put us in a painful spot, there are reasons to be optimistic.

The ancient whales will run out of Bitcoin at some point.
The four-year seasonality won’t last much longer.
And the institutions don’t care about any of this, just showing up to buy week after week.
Couple those reasons along with the recent on-chain leverage flushout and you have a nice foundation to set up a healthier base for the next leg upwards—not to mention the prospective gold-to-Bitcoin rally that typically takes place when gold leads (and boy, is it leading right now).

So stay the course, bulls—this too shall pass. And we have a good shot at seeing new ATHs still here in 2025…

🌎 Macro Crypto and MemesA few Crypto and Web3 headlines that caught my eye:

Crypto majors are very red with Bitcoin making a new 4-month low; BTC nearly -5% at $105,200, ETH -6% at $3,765, BNB -10% at $1,060, SOL -8% at $179
No notable top movers
The U.S. 10-year closed at its lowest level in over a year yesterday at 3.98%
Gold hit another new ATH yesterday near $4,400
Charles Schwab is on track to add spot crypto trading in first half of 2026
Eric Trump said that the Trump family has made more than $1 billion from its crypto ventures
New developer data from the Ethereum Foundation shows new devs in 2025 are building on EVM, Solana, Bitcoin, Polygon, and Sui the most
Coinbase announced plans to launch Coinbase Business as an all-in-one business payments platform, bundling stablecoin payouts, yield, tax tools for SMEs
BlackRock shared plans to adapt one of its money market funds to more specifically serve stablecoins
Visa said stablecoins have potential to revolutionize the $40T global credit market
MoonPay introduced ‘MoonPay Commerce’ as a way for merchants to integrate seamless crypto checkout and deposit products
In Corporate Treasuries / ETFs

The Bitcoin ETFs saw $530.9M in net outflows on Wednesday; the ETH ETFs saw $56.8M in net outflows
Cathie Wood’s Ark 21Shares saw its biggest outflows since August with $275.2M in net outflows yesterday
SharpLink raised $76.5M to buy more ETH via a 4.5M common stock sale (SBET -4% to $14.57)
Ripple Labs reportedly led a raise for $1B to build an XRP DAT
Newsmax announced plans to invest up to $5M in Bitcoin and Trump coin for a digital asset treasury
Zeta Network secured a $231M private placement funded with Bitcoin
In Memes

Memecoin leaders are very red; DOGE -8%, Shiba -7%, PEPE -9%, PENGU -10%, BONK -10%, TRUMP -5%, SPX -14%, and FARTCOIN -11%
💰 Token, Airdrop & Protocol TrackerHere’s a rundown of major token, protocol and airdrop news from the day:

Meteora’s airdrop checker and tokenomics went live ahead of their TGE
MegaETH partnered with Chainlink to announce first of its kind real-time data streams as oracles for DeFi
Robinhood listed Aster, XPL and Virtuals in a surprise move
Yeet crossed $700M in wagered volume
Jito raised $50M from a16z in exchange for JTO tokens
Daylight raised $75M to build a decentralized energy network
🚚 What is happening in NFTs?Here is the list of other notable headlines from the day in NFTs:

NFT leaders were mostly red; Punks -1% at 44 ETH, Pudgy -3% at 7.5, BAYC -1% at 7.78 ETH; Hypurr’s -9% at 1,125 HYPE
No top movers
OpenSea rolled out its Wave 1 farming rewards, with eligible users able to open their chests
Pudgy Penguin parent Igloo announced a partnership with Invariant to bring PENGU to Washington DC
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

In brief
Whales are dumping SOL, AAVE, and ASTER, moving over $120M in assets to exchanges.
The sell-off contributed to the crypto market cap dropping by over 5% as altcoins posted losses on the day.
One entity took a $5M loss on ASTER, signaling a rush to exit rather than hold through volatility.
Whales are offloading significant altcoins, testing the crypto market's already fragile state and hindering its recovery.

The "smart money" retreat comes amid a broad market downturn.

The total crypto market capitalization has shed over 5% in the past 24 hours, dropping to $3.67 trillion, according to CoinGecko data. Ethereum, Solana, Cardano, and other major altcoins are posting losses of between 6% and 9% as they follow Bitcoin's steady decline, Decrypt previously reported.

The sell-off is widespread across asset types.

A Solana whale that had successfully traded meme coins in the past sold 61,845 SOL, worth approximately $11.5 million, over a four-hour period on Thursday, according to blockchain data.

A whale who nearly faced liquidation in April while using a looped borrow strategy to go long on AAVE has now opted to sell, EmberCN, a popular on-chain analytics account, tweeted on Thursday.

Over eight hours, the whale sold 88,227 AAVE worth $19.8 million, according to on-chain analytics platform Arkham, to repay all outstanding loans and exit the leveraged position.

Systematic selling is also hitting relatively newer tokens.

A whale that previously held 64.535 million ASTER has been systematically transferring its holdings to the Binance exchange, according to on-chain data. In the past week alone, it moved 58.608 million ASTER, worth $92.25 million, and appears to be nearing a full exit.

While transfer to exchanges is commonly considered as an intention to sell in the crypto space, it could also be done for margin requirements or staking as well. Hence, the recent Aster transfer is not a straightforward profit-taking transfer.

Another entity that participated in the World Liberty Financial public sale and later accumulated Aster has now transferred its 8.282 million token holding back to Bybit on Thursday.

With the recent market volatility and extended downtrend, the Aster whales have an unrealized loss of more than $5 million.

The sentiment is reflected in the prediction market Myriad, launched by Decrypt's parent company DASTAN, where users place just a 6% chance on Aster hitting $4 in November.

“It’s not uncommon to see whales offload or de-risk after last Friday’s major market drawback,” Deebs DeFi, a pseudonymous on-chain analyst at Bubblemaps, told Decrypt, adding that, “They may be fearful of a future black swan event.“

The coordinated selling across different wallets and assets paints a picture of large players reducing exposure, taking profits where available, and cutting losses where necessary, underscoring the persistent risk-off sentiment.

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

Bitcoin miners just moved $5.6B to exchanges under AI escape plan Oluwapelumi Adejumo · 11 seconds ago · 4 min read

Mining operators are increasingly exploring AI hosting to counteract plummeting hashprice and shrinking Bitcoin margins.

Oct. 17, 2025 at 1:45 pm UTC

4 min read

Updated: Oct. 17, 2025 at 12:12 pm UTC

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Bitcoin miners are running out of room to breathe.

In the wake of a $19 billion market rout, operators have begun moving massive volumes of Bitcoin onto exchanges, a classic signal that sell pressure is building.

Data from CryptoQuant shows that between Oct. 9 and Oct. 15, mining wallets sent 51,000 BTC, worth more than $5.6 billion, to Binance alone. The largest daily transfer, over 14,000 BTC on Oct. 11, marked the biggest miner deposit since July 2024.

Bitcoin Miners Transfers to Exchanges (Source: CryptoQuant)Selling the reservesSuch spikes rarely happen in isolation. They usually appear when miners need liquidity to cover rising costs or hedge against price swings.

Analysts view these movements as a bearish on-chain signal, showing that miners are exiting long-term accumulation phases and preparing to sell.

Blockchain researcher ArabChain explained that large transfers from miner wallets typically indicate either direct liquidation or preparations for collateralized borrowing.

According to the researcher:

“Sometimes, miners also deposit coins to use as collateral for derivatives contracts or for financing purposes. In some cases, these deposits are merely technical reallocations—i.e., transfers between wallets associated with mining entities and trading platforms for regulatory or operational reasons.”

That change in behavior marks a turning point for the industry. For much of this year, miners were consistent net accumulators, banking on post-halving scarcity to drive prices higher.

However, they are now reacting to the opposite as shrinking margins and intensifying network difficulty drive their margin low.

A tougher race to every blockBitcoin mining difficulty, which measures how hard it is to find a new block, peaked above 150 trillion in September after seven consecutive positive adjustments.

According to Cloverpool data, the most recent epoch, ending at block 919,296, finally eased by 2.73%, offering brief relief after months of relentless upward pressure.

Difficulty adjustments happen roughly every two weeks, recalibrating the puzzle to ensure blocks arrive near Bitcoin’s ten-minute target.

A rising difficulty signals that more machines compete for rewards; a decline shows weaker miners have powered down. But even a slight drop hasn’t improved profitability.

According to Hashrate Index, hashprice, the revenue per terahash of computing power, has fallen to around $45, the lowest since April.

Meanwhile, transaction fees, which should help offset lower rewards, have cratered instead. So far in 2025, the average fee per block has been 0.036 BTC, the weakest since 2010.

Bitcoin Average Block Fees (Source: Hashlabs)Bitcoin mining analyst Jaran Mellerund said:

“It is a paradox that so many bitcoin miners completely disregard transaction fees. Nobody seems to even talk about them…In just a decade, these fees will be almost your sole source of income.”

With Bitcoin’s halving in April cutting block rewards to 3.125 BTC, miners are now competing in a zero-sum environment where every extra terahash of power reduces everyone’s payout.

Many smaller operations are already underwater, particularly those running older, less efficient rigs.

AI presents a lifelineFaced with razor-thin margins, major mining firms are discovering a lucrative alternative in AI and high-performance computing (HPC) hosting.

Over the past year, companies such as Core Scientific have retooled their massive data center footprints, which are already optimized for power, cooling, and fiber connectivity, to accommodate compute-hungry AI workloads.

Hashlabs reported that a 1-megawatt (MW) mining site operating efficient rigs at around 20 joules per terahash (J/TH) can generate about $896,000 in Bitcoin revenue annually at a BTC price of $100,000.

However, the same MW rented to AI clients for compute-intensive workloads can yield up to $1.46 million yearly in stable, contract-based income.

AI Data Center Constructions (Source: Nico Smid)Nico Smid, founder of Digital Mining Solutions, said:

“The rise of AI and high-performance computing (HPC) is transforming the global compute landscape and Bitcoin miners are feeling the impact firsthand. What started as parallel industries are now competing for the same critical resources: power, infrastructure, people, and capital.”

This pivot doesn’t mean miners are abandoning Bitcoin. Instead, they’re diversifying the same infrastructure that once secured the blockchain into a broader computing economy.

In practice, miners can remain solvent through hosting contracts while waiting for the next crypto upcycle.

What it means for BitcoinThe short-term read is clear that miner selling adds pressure to an already fragile market.

Historically, sustained inflows from miner wallets have preceded periods of consolidation or capitulation. But the longer-term story may prove more consequential.

If mining facilities continue morphing into hybrid AI-crypto data centers, Bitcoin’s security model, which depends on consistent hashpower incentives, could face structural change.

As profitability from pure block rewards declines, Bitcoin’s hash rate may increasingly depend on firms whose primary business is no longer mining alone.

Mentioned in this article

Latest Bitcoin Stories Press Releases

BlackRock’s iShares Bitcoin Trust (IBIT), the largest U.S. spot Bitcoin ETF, recorded two consecutive days of redemptions this week as Bitcoin tumbled below $105,000. 

According to ETF flow tracker data shared by HeyApollo co-founder Thomas Fahrer, IBIT sold 272 BTC on October 15 and another 272 BTC on October 16, bringing its two-day outflow to 544 BTC, worth around $57 million at current prices.

Despite the redemptions, IBIT’s holdings remain enormous. The fund still controls approximately 804,800 BTC, cementing its dominance among U.S. spot ETFs and making it the single largest institutional vehicle for Bitcoin exposure.

Bitcoin price crash
The mild outflows came as Bitcoin itself endured one of its sharpest drawdowns in months. The cryptocurrency’s market capitalization fell from $2.216 trillion on October 16 to $2.07 trillion the following day, erasing nearly $150 billion in value in under 24 hours. U.S.-listed spot Bitcoin ETFs collectively saw more than 4,800 BTC ($531 million) in single-day outflows, their steepest drawdown since August, highlighting investor caution as macro headwinds intensified.

US spot Bitcoin ETF flows. Source: HeyApollo
The market stress coincided with geopolitical tensions after President Trump threatened 100% tariffs on Chinese imports, sparking a global risk-off move. Gold climbed above $4,330 per ounce as investors fled to safety, while Bitcoin slipped through key technical levels.

The breach of its 200-day simple moving average at $107,400 and the expanding channel floor near $99,500 further reinforced the bearish momentum.

BitMEX chairman Tom Lee predicts Ethereum could flip Bitcoin in market cap, citing institutional adoption and the tokenization of financial assets as key drivers behind the potential flippening.

Journalist

Posted: October 17, 2025

Key Takeaways
How could China’s rising M2 money supply impact Bitcoin? 
Historically, increased Chinese liquidity has correlated with BTC price gains, potentially boosting global demand.

What is Bitcoin’s short-term price target based on current market data?
Market projections suggest a short-term target of $117,000, driven by liquidation clusters around that level.

Bitcoin [BTC] may soon experience a major influx of liquidity after one of its deepest shakeouts in recent months.

This time, all eyes are on Chinese investors as global liquidity trends could favor the asset, helping it reclaim its lost bullish momentum.

Chinese liquidity to Bitcoin’s rescue?
A recent report from Alphractal highlights a notable surge in China’s M2 money supply.

M2 money supply measures the total amount of money circulating in an economy that can be quickly converted into cash or used for spending. It is a key indicator of economic growth. According to the report, China’s M2 stood at $24.9 trillion, at press time, surpassing that of the U.S.

Historically, there has been a strong correlation between rising Chinese M2 and BTC’s market performance. An increase in M2 liquidity has often been followed by a corresponding rise in Bitcoin’s price.

Source: Alphractal

This happens because excess liquidity tends to flow into other asset classes, Bitcoin being one of the main beneficiaries under historical conditions.

Analyst João Wedson supports this outlook, noting that Bitcoin mining activity remains heavily concentrated in China. He said,

“There are still many Chinese miners and OG whales active in the market. As long as China’s M2 keeps increasing, global liquidity will likely continue to favor Bitcoin.”

An opposing view
Ray Youssef, CEO of NoOnes, presents a contrasting view on China’s liquidity and its impact on BTC. In an email, he explained,

“Most of the new liquidity is likely to be absorbed domestically within the nation’s economic system. China’s M2 expansion reveals what’s really happening under the hood of the global economy,”

Youssef believes China’s liquidity boost is an attempt to stabilize its internal economy, possibly by increasing money supply, rather than to stimulate external investments such as BTC.

Data from Sosovalue supports this argument, showing that Chinese demand for Bitcoin remains relatively low.

Hong Kong’s Bitcoin exchange-traded funds (ETFs) continue to underperform, with total holdings valued at just $461 million, a sharp contrast to the $61.91 billion held by U.S. Bitcoin ETFs.

Source: Sosovalue

In fact, U.S. government-held Bitcoin alone is worth $34 billion, despite America’s money supply being about 2.1 times smaller than China’s.

Still, Ray Youssef acknowledges Bitcoin’s link to global liquidity:

“Monetary easing cycles, wherever they occur, reinforce the long-term case for non-sovereign assets. Bitcoin continues to evolve as a central part of that conversation,” he added.

Bitcoin cycle and short-term target
The potential for a continued rally now depends on whether Bitcoin maintains its repetition of a fractal cycle, a four-year pattern that has historically tracked the asset’s movements.

If Bitcoin follows this pattern, it could defy expectations tied to Chinese liquidity and rally further. However, if it breaks the pattern, a new high above the current level of $108,000 could emerge.

Short-term projections still point toward a $117,000 target, as suggested by the liquidation heatmap, which shows a cluster of short-seller positions around that price range.

Source: CoinGlass

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

Southeast Asian country of Laos is planning to reroute power away from Bitcoin and crypto mining operations by the end of Q1 2026.

Laos To Direct Power From Crypto Mining To AI, EVs
As reported by Reuters, Laos is looking to shift energy to industries that contribute more to economic growth than mining operations related to Bitcoin and other cryptos.

BTC and some other blockchains use a consensus mechanism based on the proof-of-work (PoW), where validators known as miners compete against each other using computing resources (measured as “Hashrate“) to solve a mathematical puzzle. The first to find the solution earns the opportunity to add the next block to the chain and claim the associated rewards.

Before 2021, China dominated Bitcoin mining, hosting a significant part of the total world Hashrate. In May 2021, however, crypto mining in the nation fell prey to an infamous ban, leading to a sharp crash in the network Hashrate.

Filling the void left behind by Chinese miners, several energy-rich countries began attracting mining operations to their grids. Laos was one of them. “We proposed to the government in 2021 to supply to crypto mining due to the oversupply of electricity domestically,” said Chanthaboun Soukaloun, the country’s deputy energy minister, in an interview with Reuters.

Laos is a big hub of hydroelectrical power and a key exporter of clean energy in the Southeast Asian bloc. Despite its abundant energy reserves, the government has now judged that its power can be better allocated to supplying industries that produce more jobs and build domestic supply chains, instead of crypto mining.

The sectors the government is considering prioritizing include AI data centers, metal refining, and electric vehicles. Initially, the country had planned to cut off crypto mining completely this year, but abundant rainfall made it decide to maintain electricity supply for a while longer. Soukaloun said that the government is now planning to end supply by the end of the first quarter of 2026.

The shift isn’t a sudden one, as Laos has already been scaling back on crypto mining operations. Mining farms related to Bitcoin and other assets utilized a peak power of 500 MW back in 2021 and 2022, but their consumption is down 70% to just 150 MW today.

Speaking of Bitcoin mining, the global Hashrate has been on the decline recently, as the chart for the 7-day average value of the metric from Blockchain.com shows.

Looks like the 7-day average Hashrate set a new record last month | Source: Blockchain.com
The indicator set a new all-time high (ATH) in late September, but it has since seen a notable drop, indicating that miners are scaling back on their facilities.

Bitcoin Price
Bitcoin has witnessed a further drop of 3% over the last 24 hours that has taken its price back to the $107,900 level.

The price of the coin seems to have been on the way down since the ATH | Source: BTCUSDT on TradingView
Featured image from Dall-E, Blockchain.com, CoinWarz.com, chart from TradingView.com

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Bitcoin (CRYPTO: BTC) fell below $104,000 on Friday before president Donald Trump said high tariffs on China "will not stand," easing trade tensions but doing little to stop the market's decline.

Trump's Tariff Comments Fail To Rescue Bitcoin PriceBitcoin stayed under pressure even after U.S. President Donald Trump said he believes the U.S. will "be fine with China" and answered "no" when asked if high tariffs would stand. 

The remarks briefly eased concerns over renewed trade tensions but had little effect on market sentiment.

Traders said the reaction reflected persistent caution across risk assets, with crypto markets still weighed down by tightening liquidity and weak inflows. 

The comments did not trigger a sustained rebound in Bitcoin trading volumes or price action.

Bitcoin Outflows Top $1.6 Billion As Liquidity Dries Up

BTC Netflows (Source: Coinglass)

Data from Coinglass shows that Bitcoin recorded more than $1.66 billion in cumulative outflows over the past five sessions, including $365 million on Oct. 17 alone. 

The consistent withdrawals highlight continued portfolio de-risking by both institutional and retail participants.

The selling pressure has drained short-term liquidity, making the market more vulnerable to price swings. 

Stabilization in exchange flows will be critical for any meaningful recovery attempt in the near term.

Bitcoin Chart Breakdown Raises Alarms On $100,000 Test

BTC Price Prediction (Source: TradingView)

Technical analysis: Bitcoin's daily chart confirms a breakdown below $108,000, where the 200-day exponential moving average (EMA) had previously acted as strong support. 

The breach shifts focus toward $103,500 as the next short-term demand zone, while $100,000 remains the main psychological and structural support level.

Momentum readings also show continued weakness. The RSI has dropped to 34, near oversold territory, while major moving averages have turned lower in alignment with the bearish trend.

Unless inflows stabilize, the next pivot could form closer to $100,000, with a deeper extension exposing $92,000 as the next major support area.

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