Category: News

Bitcoin Balance on OTC Desks Hits an All-time Low

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Bitcoin balance on OTC desks is steadily dropping to an all-time low suggesting the possibility of a major supply shock.

 

The crypto market sentiment has shifted from a bearish momentum, with multiple signs of a bull rally as capital inflow increases. A major bullish signal is the Over-the-Counter (OTC) Bitcoin supply metric. Recent data by Cryptoquant points to a declining OTC supply as large investors, mainly institutional whales, quietly accumulate Bitcoin.

 

Source: Cryptoquant

 

Institutions and large-scale investors use OTC desks for privacy away from exchange scrutiny. With the supply declining, this means fewer Bitcoins are available for large purchases. With rising demand, a supply shock on the market could drive prices high, leading to a bull rally.

A rising demand against the dropping BTC supply in the market motivates holders to acquire more and minimize selling pressure in anticipation of higher gains. The OTC supply metric is not just a chart, but a major market signal for where the market could be headed.

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Greed and Fear Index: Crypto Market Sentiment Turns Neutral

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The fear and greed index is significant in determining the emotional state of investors to establish market valuation.

 

The crypto market has seen unprecedented volatility in the past few weeks, leading to extreme fear, with the values dropping to 19. However, CoinMarketCap has noted a shift in the market sentiment in the past 72 hours. The fear and greed index has surged to 53, a neutral zone value. This data is critical in establishing whether the market is undervalued(fear) or overvalued (greed).

 

Source: CoinMarketCap

 

Historically, the shift from fear to neutral comes before a period of steady market growth and bullish market rallies. This shift is evident in BTC’s rising prices while eyeing the psychological $100k mark.

The current value suggests that the market is not yet overvalued (greedy), has more potential for buying, and the bull rally is likely starting. With rising institutional interest and huge BTC demand from the U.S investors, the market is shifting to a healthier stage.

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Shiba Inu Soars 9% amid Shibarium DappStore Launch

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Shiba Inu is no longer a memecoin for the social hype, but a growing ecosystem with real utility. Here’s what you need to know regarding SHIB developments.

 

Shiba Inu, also known as “Dogecoin Killer”, has been in the crypto spotlight following a 9% price surge in the past 24 hours. Per CoinMarketCap, the memecoin has seen a 35.53% surge in trading volume. This follows the launch of the Shibarium Dappstore, aiming to boost its dominance in the digital economy.

Additionally, the network has hit 1 billion Shibarium transactions and a 825% surge in SHIB’s burn rate. A mid these developments, the memecoin has broken a key resistance level on the 4-hour chart, clearing both CHoCH and BOS levels.

 

Source: TradingView on CoinMarketCap

 

The Price is fluctuating around $0.00001394 as SHIB bulls push stronger. With the memecoin’s momentum strengthening, SHIB could be eyeing $0.00001500 as the mid-term target.

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U.S Investors Regain Confidence-A Sign of Thin BTC Resistance Ahead?

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Coinbase Premium remains in a positive territory, signalling heightened investor confidence in Bitcoin’s price uptrend in the following months. 

 

Bitcoin momentum is in favour of the bulls as confidence rises among both large and retail investors. A recent market observation by Cryptoquant has revealed a shift in the market sentiment among U.S investors. According to the data, the recent BTC price reversal and uptrend have boosted investor conviction, thus increasing Bitcoin’s demand in the U.S.

The data explores the Coinbase premium Gap, a measure of the price gap between Coinbase and global exchanges. The Coinbase premium remains positive as of today, suggesting large-scale or institutional interest in BTC in the U.S market.

 

Source: Cryptoquant

 

A sign of thin BTC resistance ahead?

As U.S demand for BTC rises,  the bulls gain strong momentum to break past the previous key resistance levels. Additionally, price uptrend could induce liquidations, fear of missing out (FOMO), and short squeezes, thus fuelling the price to rise higher. With BTC’s momentum gaining strength, the resistance ahead could become thin and negligible.

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Swiss National Bank Faces Pressure to Embrace Bitcoin

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The Swiss National Bank (SNB) shareholders are urging the institution to embrace Bitcoin, citing its necessity in digital finance.

 

Bitcoin demand is rising amid declining exchange reserves. With large-scale institutional buys, the king of cryptocurrencies is anticipating exponential gains fueled by scarcity. Per CoinMarketCap data, BTC is trading at $94,678 with a 2.17% price upsurge, at press time. The race for BTC accumulation is tightening as traditional investors thirst for the “digital gold”.

According to a recent update by The Bitcoin Historian, the shareholders at the Swiss National Bank (SNB) annual shareholder meeting have urged the institution to purchase over 1,000 Bitcoin. The shareholders are hoping to establish BTC as a strategic reserve asset and have argued that Bitcoin is a;

 

…monetary tool for the digital age.

 

As traditional fiat systems face inflation risks from government policies and economic uncertainties, high-net-worth individuals and institutions are seeking Bitcoin reserves for a refuge. Crypto enthusiasts are increasingly overwhelmed by the latest government and institutional policies driving mainstream crypto adoption.

 

 

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Federal Reserve Withdraws Crypto Guidance for Banks-Impact on Market?

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The United States Federal Reserve has withdrawn its crypto guidance for banks, signalling the current administration’s shift toward an innovation-friendly future.

 

Crypto enthusiasts are anticipating a major market boom filled with creativity, innovation, and favourable policies following the latest developments in Trump’s administration. The United States Federal Reserve has announced its official withdrawal from guidance on crypto and dollar activities for banks.

According to the official announcement;

 

…These actions ensure the board’s expectations remain aligned with evolving risks and further support innovation in the banking system.

 

 

This comes as a surprise, but also a strategic shift within the U.S government’s approach to crypto-based innovation. It is a reflection of the growing openness and support for digital finance as a potential industrial revolution aiming to transform traditional finance.

As crypto adoption gains wider ground, the market is yet to see a huge capital inflow from traditional investors diversifying into Defi and blockchain projects in the coming months. Regulatory clarity is a necessity for the market’s growth and crypto adoption in everyday life.

 

 

 

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Paypal Partners with CoinBase to Advance Stablecoin Payments

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Paypal is set to integrate its 434 million users in crypto in a move to bring stablecoin payments to customers globally.

 

Cryptocurrencies are gradually entering the mainstream financial system as traditional financia giants appreciate their revolutionary role in borderless payments. A major boost for crypto adoption has hit the market following Paypal’s announcement of partnership with Coinbase.

Considering paypal’s customer base and Coibase’s crypto influence, this partnership is a huge step to fast and low-cost payments for the digital economy. Stablecoin payments for everyday users will be the initial stage toward on-boarding millions of individuals and business into the DeFi ecosystem and the associated blockchain utility.

Coinbase has embraced this partnership acknowledging it huge impact to the crypto space and the global economy. Per the company’s announcement on X (formerly Twitter);

 

Let’s do this, @PayPal .We’re teaming up to advance stablecoin payments.

 

 

With traditional finance getting on-chain, the market is anticipating more developments towards crypto adoption in the following months.

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Whale Accumulation: Assessing BTC Corporate Buys and Market Impact

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Governments and institutional whales have been diving deep into bitcoin and other cryptocurrencies over the past month. Is this FOMO or new trust in crypto?

 

Large-scale Bitcoin acquisition race is accelerating as major corporations from Asia to Wall Street seek a hedge against economic uncertainties. The fear of missing out (FOMO) on the “digital gold” and favorable crypto policies under President Trump’s administration could be fuelling corporate stacking of BTC.

 

Additionally, following the recent trade war and stock market crash, institutions have been forced to consider digital assets for portfolio diversification. As a result, the market has seen major corporate buys in the past 24 hours. The following are key market developments of the day;

  1. Metaplanet, nicknamed “Japan’s Microstrategy,” has added $13.4 million worth of BTC, making its stash hit 5,000 BTC valued at $460 million at an average buy price of $89.9k.
  2. BlackRock, the biggest asset manager globally, has scooped 6,890 BTC worth $ 643.2 million in the latest of its several buys.
  3. HK Asia Holdings is raising HK$65M ($ 8.3 million) to quench its appetite for BTC reserves.

 

The corporate buys suggest long-term investor conviction and a bullish signal for the market. Some influential figures have argued that this could be the last year for investors to buy Bitcoin under $100k. This comes into consideration of BTC’s rising demand against its capped supply of 21 million coins.

 

 

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Ethereum On-Chain Activity Surges Nearly 10% in 48 Hours

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Ethereum active addresses have jumped from 306,211 to 336,366, a 9.85% surge in the past 48 hours. Is this a sign of renewed investor interest?

 

Ethereum has seen its price fall to a 2-year low as of April 2025. In the past week, Scoopist noted that the king of altcoins was hitting the oversold zone as prices plunged.

Cryptoquant data has revealed a surge in Ethereum’s active addresses, signalling market activity. According to the on-chain metrics, ETH’s active addresses jumped from 306,211 to 336,366 in the past 48 hours, reflecting a nearly 10% increase.

 

Source: Cryptoquant

 

What does this mean for ETH?

ETH has surged notably amid the rising on-chain activity, hitting the $1800 mark. A sudden rise in active addresses could signal more than just renewed investor interest. This could be a sign of whales buying the dip, considering ETH was oversold.

Despite the current price volatility, this could suggest Ethereum’s rebound is imminent as the bulls take charge. Traders are closely watching the coins’ on-chain activity to determine their next moves.

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Bitcoin’s Path to $100K-Here is What You Should Know

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Bitcoin is flashing signs of momentum strength amid rising institutional and retail demand. With the psychological $100k mark on the cards, what can you expect?

 

Bitcoin’s path to $100,000 is not just a psychological relief or symbolic milestone for crypto enthusiasts, but also a minefield for BTC’s short sellers. Recent Coinglass data has revealed a key liquidation pool lying ahead as bulls rally for the $100k mark.

 

According to the data, if Bitcoin rallies to reclaim this six-figure mark,  short positions worth $1.76 billion across exchanges like OKX and Bybit will be instantly wiped. A breakout above this level could ignite further liquidations of over-leveraged bearish positions.

 

Source: Coinglass

 

The exchanges mentioned above hold significant bearish trades around this level, and a brutal short squeeze could result as bears seek cover. With high buying pressure from them, this could fuel BTC’s price even higher to a new all-time high. Traders are closely watching the $100 mark in anticipation of volatility fireworks.

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