Author: dfmines

Ethereum (ETH) remains under pressure, trading below the $4,000 mark as bulls attempt to reclaim control following weeks of post-crash uncertainty. The sharp sell-off on October 10 not only flushed leveraged positions across the market but also disrupted the uptrend ETH had been building throughout the summer. Since then, price action has weakened, and momentum has shifted toward the downside, raising concerns among analysts that a deeper correction could unfold if buyers fail to defend key demand levels in the days ahead. Related Reading: $780M Worth of Ethereum Pulled From Exchanges – Biggest Withdrawal Spike in Weeks Despite these technical challenges, on-chain and institutional flow data tell a different story beneath the surface. Large-scale investors — including funds, corporate entities, and crypto-native institutions — continue to accumulate ETH during the pullback. The divergence between price weakness and institutional accumulation creates a pivotal setup for Ethereum. If ETH can stabilize and reclaim the $4,000 threshold, it may re-ignite bullish momentum. But failure to hold support could open the door to further downside before a sustainable recovery emerges. Bitmine Adds ETH as Institutional Accumulation Climbs According to data tracked by Lookonchain, institutional player Bitmine has continued its aggressive accumulation strategy. Purchasing 44,036 ETH — worth approximately $166 million — during the recent market pullback. This purchase lifts Bitmine’s total holdings to roughly 3.16 million ETH, valued at around $12.15 billion, reinforcing the company’s position as one of the largest Ethereum holders globally. Such sizeable buying activity during periods of price weakness highlights a notable divergence between institutional behavior and short-term market sentiment. While retail traders and leveraged participants may be shaken by Ethereum’s inability to reclaim the $4,000 level, long-horizon buyers appear unfazed. For them, price dips represent accumulating opportunities rather than reasons for concern. This duality is becoming increasingly evident across the market: spot inflows, exchange outflows, and whale accumulation metrics all point to growing long-term conviction, even as the chart reflects hesitation and downward pressure. This divergence underscores a familiar pattern in crypto market structure. Price action often lags underlying fundamentals, particularly during transitional phases where macro catalysts and liquidity shifts are still being digested. Ethereum remains structurally supported by rising institutional participation, increasing staking demand, and expanding Layer-2 ecosystems — all of which strengthen its long-term investment thesis. Related Reading: Bitcoin Records Over $300B Spot Volume In October – Investors Shift Away From Leverage Ethereum Tests Key Support Ethereum (ETH) is trading around $3,847, testing a critical support zone after failing to hold above $4,000 and rejecting from the $4,200 resistance area earlier this week. The daily chart shows ETH breaking below both the 50-day (blue) and 100-day (green) moving averages, signaling weakening momentum and a shift toward a more defensive market posture. This breakdown places increased pressure on bulls to defend the $3,800 region — a level that has repeatedly acted as a pivot point over the past two months. If ETH loses this support, the next meaningful demand zone lies near $3,500, followed by the 200-day moving average around $3,200, which would serve as a deeper structural retest within the longer-term uptrend. For now, however, ETH remains above its long-term trend line, meaning the broader bullish structure is intact despite short-term weakness. Related Reading: Ethereum ICO Whale Awakens After 8 Years – 1,500 ETH Sent to Kraken After 8 Years On the upside, bulls need to reclaim $4,000 and then $4,150–$4,200 to revive bullish momentum and break the series of lower highs forming since September. Until that happens, price action favors consolidation and caution. With macro shifts underway and institutional accumulation rising, Ethereum’s chart suggests a wait-and-see phase, where holding support becomes crucial before any renewed upside attempt. Featured image from ChatGPT, chart from TradingView.com

Steak ’n Shake ignited industry buzz by launching a Strategic Bitcoin Reserve and a bitcoin rewards program, merging digital finance with fast food in a nationwide rollout that’s boosting sales, customer loyalty, and mainstream crypto adoption. Steak ’n Shake Unveils Strategic Bitcoin Reserve Alongside Burger Reward Program Steak ’n Shake announced on Oct. 31 the […]

Elon Musk expects X Chat to launch within the next few months and promises it won’t sell or share users’ data with advertisers.

The crypto market is beginning to display early indications that a new altcoin season could be approaching, as analysts reference historical patterns and technical signals hinting at a rebound after a lengthy slump. Although altcoins have recently lagged behind Bitcoin, bullish factors from data and macroeconomic parallels are building optimism that a change in liquidity conditions might trigger a strong market-wide rally for altcoins. Altcoin Dominance Hits Record Oversold Levels According to crypto analyst Javon Marks, altcoin dominance has entered oversold conditions for the first time in history. Marks highlighted in his post that the indicator, which measures the market share of all altcoins, is now the most oversold it’s ever been. The OTHERS.D chart shows the market dominance percentage of all cryptocurrencies except the top 10 by market capitalization. It is a measure of the combined market share of smaller altcoins and can be used to identify broader altcoin rallies. His long-term chart of the OTEHRS.D movement spans over a decade, with each major low followed by an extended period of recovery and massive market gains. The chart reveals that dominance has declined sharply since its 2021 peak of around 20%. At the time of writing, the OTHERS.D dominance is around 7%. A wave trend indicator at the bottom of the chart is in deep negative territory around negative 50%, which is its lowest in history.  Marks noted that such oversold conditions often precede strong reversals. It means that selling pressure has been exhausted and that a major rebound could soon begin. If this pattern repeats, altcoins may be entering one of their most attractive accumulation phases in years. Crypto Total Market Cap Excluding Top 10 Dominance. Source: Javon Marks on X Fed’s Monetary Shifts And Their Impact On Crypto Liquidity Another technical perspective came from analyst Ted Pillows, who compared current market conditions to the 2019-2020 cycle when the Federal Reserve ended quantitative tightening (QT) and later resumed quantitative easing (QE). His chart of the crypto total market cap excluding Bitcoin shows a 42% decline following the end of QT in late 2019, followed by an explosive recovery after the Fed initiated QE in March 2020. Pillows explained that while ending QT may ease financial pressure, it does not directly inject liquidity into the economy, something altcoins need to rally. In contrast, QE or Treasury General Account (TGA) releases flood the market with liquidity and allow inflows into cryptocurrencies. He noted that ending QT isn’t enough for alts to rally. It is either the Fed starts another QE or the Treasury releases TGA liquidity into the economy. The most feasible option right now is the second one. Crypto Total Market Cap Excluding BTC. Source: Ted Pillows On X With the US government currently in a shutdown, he suggested that a TGA-driven liquidity release may occur once the fiscal impasse is resolved, and this will serve as the next major driving force for the altcoin market. Featured image created with Dall.E, chart from Tradingview.com

Bitcoin (BTC) tumbled below the $110,000 level in a sharp move that rattled markets and triggered a wave of short-term panic selling. The sudden decline followed an initial post-Fed volatility spike, as traders reacted to the US Federal Reserve’s 25bps rate cut and announcement of an impending end to quantitative tightening. With uncertainty still lingering, BTC briefly slipped into a risk-off spiral, testing investor conviction and flushing out leveraged positions in the process. Related Reading: $780M Worth of Ethereum Pulled From Exchanges – Biggest Withdrawal Spike in Weeks Despite the market turbulence, several analysts argue this move may represent a classic shakeout, rather than the beginning of a larger breakdown. Historically, Bitcoin has often seen sharp pullbacks immediately before renewed upside momentum, especially during early liquidity-expansion phases. For now, all eyes are on whether Bitcoin can stabilize and reclaim the $110K zone, a level that has repeatedly acted as a pivot throughout the past month. As markets digest the Fed’s decision, the focus turns to whether Bitcoin can wake up from this sudden sell-off and reclaim strength heading into November. PoC Becomes Critical Battleground as Market Signals Indecision According to top analyst On-chain Mind, Bitcoin’s current price structure is being defined by a major volume cluster centered around $117,000, which now serves as the Point of Control (PoC) in the local market profile. This level represents the price zone with the highest traded volume in the recent range — effectively the point where buyers and sellers have shown the strongest interest and where the market has spent considerable time balancing liquidity. In practical terms, the PoC functions as a fair value zone for market participants. When the price trades below it, bulls need to reclaim the level to regain trend strength; when the price trades above it, the zone tends to act as support. Today, BTC remains beneath the $117K PoC, signaling that the market has yet to re-establish bullish dominance after the recent shakeout. On-chain Mind notes that reclaiming $117K would likely trigger renewed momentum, opening the door for a retest of the $120K–$123K range. Until then, however, the structure remains indecisive, with price hovering in a neutral zone where neither bulls nor bears hold a clear advantage. This aligns with broader market behavior: reduced leverage, mixed sentiment, and trader caution following aggressive liquidations earlier in October. The market is digesting macro shifts, recalibrating position sizes, and waiting for a clearer signal. If Bitcoin can stabilize above recent support and begin rotating back toward the PoC, reclaiming $117K could mark the moment the next leg up begins. Related Reading: Bitcoin Records Over $300B Spot Volume In October – Investors Shift Away From Leverage Bitcoin Attempts Rebound Above $110K Bitcoin (BTC) is currently trading near $110,180 on the 4-hour timeframe, attempting to stabilize after yesterday’s sharp drop. The price managed to reclaim the $110K level, suggesting buyers stepped in at intraday lows around $108,500, an important local demand zone that has repeatedly supported the price since mid-October. However, the recovery remains fragile, with BTC now approaching a cluster of short-term resistance levels. The 50-period EMA sits just above the current price, and the 100- and 200-period moving averages remain overhead, stacked bearishly. This alignment indicates that momentum has not fully shifted back to the bulls yet. To regain control, BTC must break above $112,000–$113,000, where multiple moving averages converge and prior support now acts as resistance. Clearing this zone would open the path toward the critical $117,500 Point of Control — the key level bulls need to reclaim to re-establish medium-term strength. Related Reading: Ethereum ICO Whale Awakens After 8 Years – 1,500 ETH Sent to Kraken After 8 Years If Bitcoin fails to hold $110K, support lies at $108,500, followed by the deeper liquidity zone around $106,000, where buyers strongly defended price during the October 10 flush. For now, BTC remains in a neutral recovery posture, trying to build a base while navigating overhead pressure from macro uncertainty and recent leverage unwinds. Featured image from ChatGPT, chart from TradingView.com

Australian Federal Police (AFP) Commissioner Krissy Barrett announced that an agency data scientist successfully cracked two password-protected crypto wallets, recovering millions in digital assets linked to organized crime. The Challenge of the Criminal’s Wallet Australian Federal Police (AFP) Commissioner Krissy Barrett revealed on Oct. 29 that one of the agency’s data scientists has successfully cracked […]

Just wanted to say thank you for building this community, this network, this has been a lovely thing to watch over the years 👌💎 submitted by /u/Valuable-Attitude787 [link] [comments]

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