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361,380,965,000 Shiba Inu Leaves Exchanges in 72 Hours— What’s Happening?

Elendu Benedict
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361,380,965,000 Shiba Inu Leaves Exchanges in 72 Hours— What’s Happening?

The supply of Shiba Inu on exchanges is drying up despite current price uncertainties, suggesting potential reduced immediate selling pressure.

Data shows that the amount of SHIB tokens on all centralized exchanges has seen a remarkable decline in the past 72 hours. The reason for this supply reduction remains unclear, but it fuels optimistic sentiment among Shiba Inu holders, suggesting accumulation over distribution.

Key Points

  • The supply of Shiba Inu on exchanges is drying up despite current price uncertainties, suggesting reduced selling pressure.
  • Data shows that 361,380,965,000 SHIB tokens exited exchanges between January 16 and today, a significant drop worth noting.
  • The reserves on all exchanges were 82.642 trillion SHIB on Friday, but dropped to 82.28 trillion SHIB, a difference of 361 billion tokens.
  • Outflows from exchanges typically suggest that whales are repositioning their holdings to self-custody wallets or other third-party systems.
  • This accumulation trend reassures holders, especially considering that the token has corrected by 6.23% in the past 24 hours and 6.76% in the last seven days.

 Shiba Inu Exodus from Exchanges

CryptoQuant data shows that 361,380,965,000 SHIB tokens exited exchanges between January 16 and today, a significant drop worth noting. On Friday, the reserves on all exchanges stood at 82.642 trillion, with the meme coin’s price around $0.00000856.

However, at the time of writing on Monday, this figure has dropped considerably to 82.28 trillion SHIB, marking a difference of 361 billion tokens. Interestingly, this comes despite a price drop over the weekend, which saw Shiba Inu retrace to $0.00000787.

Shiba Inu Exchange Supply/CryptoQuant
Shiba Inu Exchange Supply/CryptoQuant

Meanwhile, Binance recorded a considerable decline in its SHIB reserve during this period, dropping from 62.53 trillion to 62.42 trillion. Notably, such inflows boost sentiment, especially as prices struggle.

What Does It Mean for Shiba Inu?

Specifically, outflows from exchanges typically suggest that investors are repositioning their holdings to self-custody wallets or other third-party systems. Usually, this means accumulation, as it suggests market users are moving to facilities that encourage long-term holding.

Additionally, it reduces immediate selling pressure. As fewer Shiba Inu tokens are available on exchanges, the amount of supply left for immediate sales reduces. Also, it shows commitment among Shiba Inu investors, as they prefer to hold for the long term rather than sell in the short term.

Remarkably, this accumulation trend reassures holders, especially considering that the token has corrected by 6.23% in the past 24 hours and 6.76% over the last seven days. 

Meanwhile, it bears mentioning that exchange outflows alone are not enough to move the price, nor do they suggest that the underlying asset might recover. Hence, caution and due diligence remain key for an optimal investment.

Bitcoin Price Analysis: BTC Struggles at Critical Support as $230M in Liquidations Shakes Market

Mark Brennan
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Bitcoin Price Analysis: BTC Struggles at Critical Support as $230M in Liquidations Shakes Market

Bitcoin faces pressure at key support levels as liquidations rise, with geopolitical tensions and market volatility influencing price action.

The recent Bitcoin (BTC) slide, tumbling more than 2.7% to around $92,570, has grabbed the market’s attention as geopolitical tensions intersect with crypto volatility. The sell‑off was primarily triggered by new Trump tariffs on eight European countries linked to the Greenland standoff, which spiked risk aversion among traders and compelled short‑term holders to reduce exposure.

Over the past week, Bitcoin’s performance has reflected this nervous sentiment, with price up only 0.9% over 7 days despite short spikes, and a more modest 0.3% gain in the last 14 days. While the 24‑hour drop stands out, the short‑term trend shows that Bitcoin has struggled to sustain upside momentum amid broader economic uncertainty.

The interaction of macroeconomic forces like tariffs, global trade tensions, and investor risk appetite will continue shaping price action in the days ahead. Where’s BTC headed?

Bitcoin Price Analysis

A chart from TradingView showcases Bitcoin’s recent price action, using the Bollinger Bands and Average True Range as key indicators. Bitcoin’s price has dropped to test the middle line of the Bollinger Bands, which is the 20-day simple moving average, signaling a potential bearish trend.

Bitcoin 1-Day Chart
Bitcoin 1-Day Chart

This suggests that Bitcoin is facing increased selling pressure, and there could be a further dip toward the $92,000 level or lower, with the next support appearing at the $87,335 level. On the resistance side, Bitcoin faces significant hurdles around the $97,255 level, marked by the upper boundary of the Bollinger Bands. This level could act as a strong resistance if the price attempts a reversal or bounce from current levels.

Looking at the ATR, currently at 2,235.64, this indicates declining volatility in the market. A lower ATR suggests that Bitcoin is experiencing smaller price movements within each trading day. If the ATR continues to fall, it generally indicates a decrease in market volatility, meaning that Bitcoin could experience less erratic price action.

Bitcoin Liquidation Data

The Bitcoin market rally observed recently appears to have lacked substantial backing from leveraged positions and whale activity, as highlighted by the liquidation data. In the 1-hour timeframe, over $192.66K in liquidations occurred, with the short positions leading the charge at $190.51K. Meanwhile, the long positions only saw a modest liquidation of $2.16K.

Bitcoin Liquidation
Bitcoin Liquidation

Examining the 24-hour and 12-hour liquidation data, the market exhibits a similar pattern. A significant portion of the liquidation came from short positions, with $222 million in long liquidations over the 12 hours, compared to just $5.38 million in short liquidations. The 24-hour data further confirms this, with $230.07M in total liquidations, again heavily skewed toward long positions.

“Insanely Bullish”: Flare CEO Confirms XRP Locking Up Billions as a True Financial Instrument

Abdulkarim Abdulwahab
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“Insanely Bullish”: Flare CEO Confirms XRP Locking Up Billions as a True Financial Instrument

XRP has received a new bullish endorsement from the CEO of Flare Networks, a blockchain aligning with Ripple’s vision for XRP utility.

In a recent interview, Flare CEO Hugo Philion delivered what many in the community are calling an “insanely bullish” outlook for XRP’s future utility, financialization, and long-term value proposition.

His comments centered on XRP’s expanding role on Flare and how that evolution could dramatically transform XRP from a simple digital asset into a yield-generating financial instrument.

Key Points

  • Flare CEO says XRP could evolve into a yield-generating financial instrument at scale.
  • Billions of XRP may be locked on Flare, fundamentally changing XRP’s asset profile.
  • FXRP adoption has reached ~88M units so far, driven entirely by retail users.
  • Philion urges holders to focus on infrastructure growth, calling XRP’s future “insanely bullish.”

XRP Moving Beyond “Just a Digital Asset”

According to Philion, if XRP usage on Flare succeeds at scale, the implications would be massive. He openly discussed the possibility of hundreds of millions and eventually billions of XRP being locked up within the ecosystem. He noted that such a level of utilization fundamentally changes the nature of XRP.

“If tens of billions of units of XRP are getting used on a daily basis,” Philion said, “to create a yield or a genuine financial instrument beyond being a digital asset, that’s a vastly different quality of asset.”

In other words, XRP would no longer be solely a bridge currency or payment token. Instead, it would become financialized, productive, and embedded in real on-chain economic activity.

When asked directly how that impacts XRP, Philion didn’t hesitate. “It’s insanely bullish,” he stated.

Why Flare Matters in XRP’s Next Phase

Flare is positioning itself as the infrastructure layer that could make this vision possible. It opens the door to new forms of value creation by enabling XRP’s use productively within decentralized finance environments that it has historically lacked.

As Flare becomes the platform where XRP is actively deployed at scale, Philion believes the upside is mutual. This transformation, he said, “can only be good.”

Early Signs: FXRP Adoption Gains Momentum

Philion also pointed to early traction as evidence that the model is already working. Since launching from scratch in September 2025, Flare has grown FXRP to around 88 million units.

Interestingly, this momentum has been driven entirely by retail participation so far, with no institutional involvement. According to the Flare CEO, this is just the beginning.

The Bigger Picture for XRP Holders

Responding to XRP holders’ concerns about the lack of price movement, Philion urged the community to focus on long-term adoption, drawing parallels to how major tech companies built dominance before profitability followed. He specifically cited Uber in this regard.

“Did Uber focus on their bottom line before they took over the market? Absolutely not. They focused on taking over markets,” he said.

The argument suggests that if XRP becomes widely used as a productive asset that’s locked, deployed, and earning yield at scale, it could significantly strengthen its long-term value. Accordingly, Philion encouraged XRP holders to worry less about why the price has not moved yet, arguing that the real story is the infrastructure being built behind the scenes.

If those efforts succeed, XRP’s role in digital finance could look very different and far more bullish than it does today.

Notably, beyond Flare, several other platforms are beginning to offer XRP-based DeFi activity, including Hex Trust’s wXRP and Midas’ mXRP.

Flare CEO Reveals Life-Changing Passive Income Opportunity for XRP Holders

Sam Wisdom Raphael
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Flare CEO Reveals Life-Changing Passive Income Opportunity for XRP Holders

The Flare CEO, Hugo Philion, has recently called attention to what he believes could represent a passive income opportunity for XRP holders.

Philion suggested that XRP holders could earn this passive income by using XRP across the Flare ecosystem. He explained that giving XRP the ability to generate returns could push more people to hold and use it, similar to the way Bitcoin holders take advantage of yield options.

Philion also highlighted the platforms that enable these earnings, including Firelight and DEX liquidity programs, describing how users can stack strategies to boost returns. 

Key Points

  • While the XRP Ledger does not feature a native staking feature, Hugo Philion believes Flare could help bridge this gap.
  • Philion noted that with Flare’s Firelight project, XRP holders could earn passive income through staking yields. 
  • He pointed out an estimated yield range of 4-8% for users who deposit FXRP.
  • Philion also suggested that DEX pools on Flare may pay around 10-15%, allowing users to earn close to 9%.
  • According to him, users could also borrow FXRP or dollars against staked XRP to reinvest and multiply potential gains.

Turning XRP Into a Yield-Generating Asset

The Flare CEO revealed this while speaking in an interview with The Bearable Bull. According to him, people value an asset more when it can do more than just sit in a wallet. This is why he believes letting XRP earn returns will increase interest in the token and support long-term price growth. 

He noted that Bitcoin already offers many yield options across the industry, while XRP still lags behind. Flare seeks to bring XRP up to the same level and make it just as useful for earning.

Philion said most investors want their assets to work for them. Once more users begin putting XRP into earning strategies, he expects demand to grow even more. He believes that if billions of XRP start moving through these systems every day, the token will grow from a simple payment asset to a real financial tool.

How Flare Enables Earnings

Philion explained that Firelight, a DeFi insurance and cover protocol, is central to this idea. XRP does not generate yield on its own, so Firelight takes deposited XRP and places it into external strategies. Those strategies then return profits to users. 

He said that Firelight currently targets returns between 4-8%, depending on market conditions. According to Philion, this represents the first major step in creating income opportunities for XRP.

He also mentioned platforms like Sparkex and Anosex, which offer strong returns because Flare provides heavy support for liquidity on decentralized exchanges. These incentives ensure the network always has enough liquidity for trading and lending, even when prices move quickly. 

Staking Strategies With FXRP

Philion discussed how users can use staking strategies to increase earnings. In the process, a user could convert XRP to FXRP and deposit it into Firelight. Firelight would then give them a staked XRP token that works as proof of ownership. This token would open the door to more options.

Specifically, Philion highlighted two common methods users can follow. In the first method, someone borrows FXRP against their staked token on a lending platform. If the borrowing cost stays lower than Firelight’s yield, they can repeat the cycle and collect the difference as profit. 

In the second method, a user borrows dollars worth about half the value of their XRP stake and then deposits those dollars into a liquidity pool. Philion said some pools pay around 10-15%. Combining that with Firelight’s earnings could lead to impressive returns.

Risks Involved

However, Philion reminded listeners that staking increases risk each time another layer is added. Notably, higher returns often come with more exposure, so users need to understand what they are doing. 

He stressed that there was a difference between normal financial risk, where tokens rise and fall with the market, and technology or design failures. He said that Flare works hard to remove technical risks so users only deal with real market movement, not poor infrastructure.

Flare Building an XRP-Based DeFi Ecosystem

Philion said Flare focuses fully on turning XRP into a DeFi powerhouse. According to him, users have already minted about 88 million FXRP, all from retail holders. He expects the number to jump once large institutional players enter the space.

He also revealed that Flare set aside 20% of its token supply, worth about $400 million, to support incentives and build liquidity. These funds help attract builders, strengthen DeFi activity, and reward users who participate early. Philion believes these programs will drive long-term growth and unlock many new opportunities for XRP holders.

‘XRP Is Perfectly Positioned for a Move as Early as Tomorrow’: Details

Abdulkarim Abdulwahab
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‘XRP Is Perfectly Positioned for a Move as Early as Tomorrow’: Details

XRP is showing signs of an imminent move, as the current chart structure and volume behavior suggest the market is preparing for action.

This observation comes as XRP breaks below the $2 level over the weekend, with its price dipping by 6% over the past day. While the bearish move has stirred anxiety among holders, some market watchers are calling it a buying opportunity.

Key Points

  • XRP shows signs of an imminent move, with volume and chart structure suggesting market readiness.
  • Despite dipping below $2, strong volume support indicates buyers are actively defending key levels.
  • Analysts point to seller exhaustion and tightening structure as signs of a breakout.
  • A move toward $2.70 is possible if momentum builds, though macro pressures may slow upside.

XRP Volume Profile Signals Strong Buyer Interest

Notably, one of the strongest signs comes from the Volume Profile, visible on the right side of XRP’s long-term chart. According to market analyst Arthur, XRP is trading around a major high-activity zone where a large amount of buying and selling has previously taken place.

This area includes the Point of Control (POC), the price level with the highest traded volume. Price holding above this level suggests buyers are actively defending the zone, indicating strength rather than weakness.

Arthur's XRP long-term chart
Arthur’s XRP long-term chart

Signs of Seller Exhaustion Are Emerging

Meanwhile, on lower timeframes, selling pressure is fading. Volume bars tied to downward moves are shrinking, showing that each sell-off attempt is attracting less participation than before.

This pattern is commonly seen near the end of a pullback. As sellers lose momentum, buyers begin absorbing the remaining supply. When this happens at a key demand zone, it marks a potential turning point.

Market Structure Supports a Breakout Scenario

From a structural perspective, XRP is compressing rather than breaking down. Price is holding above support while volatility continues to tighten.

Arthur noted that when price structure aligns with supportive volume, it increases the probability of a breakout rather than a continuation lower.

Based on these observations, the analyst suggests XRP could see significant price action as early as today. At the moment, XRP is trading at $1.96, down 6% over the past day.

Watching the $2.70 Zone

If momentum builds, Arthur points to $2.70 as the next major target. This level sits in a liquidity-rich area above the current price, where resistance is relatively thin.

Notably, XRP last traded around the $2.70 level three months ago, in October 2025. Reaching this level from the current $1.96 price would require a gain of approximately 37.75%.

While modest in percentage terms, such price surges have proven difficult in recent times. XRP’s price has risen about 30% this year from $1.84 to $2.40. Meanwhile, it faced strong resistance that pushed it back below the $2 range.

Still, Arthur believes the situation could change over the next few hours. His outlook is based on a combination of strong volume support, fading sell pressure, stable market structure, and an upside liquidity target.

Factors Likely to Delay XRP Price Action

However, macroeconomic factors are weighing on the crypto market. New tariff measures announced by President Donald Trump on the UK, France, and Germany have triggered a broader market pullback over the past 24 hours. This explains XRP’s dip below $2 and Bitcoin’s dip to $92,000 today.

Interestingly, Arthur has acknowledged the impact of these tariffs on XRP’s technical outlook in a follow-up post.

Meanwhile, gold and silver continue to hit new all-time highs as investors seek safe-haven assets instead of crypto assets.

Regardless of short-term performance, some analysts continue to urge market participants to view XRP’s dip as a buying opportunity. They believe investors who capitalize on current prices could benefit from the uptrend when it eventually resumes.

Gold Makes New ATH, While Bitcoin Slides Following Trump Tariff Announcement

Zabi
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Gold Makes New ATH, While Bitcoin Slides Following Trump Tariff Announcement

Bitcoin and gold moved sharply in opposite directions after US President Donald Trump announced new tariffs targeting several European nations.

The announcement triggered a flight to traditional safe havens. Gold demand surged, pushing prices to fresh record highs. Meanwhile, Bitcoin declined as traders reduced exposure to leveraged and speculative positions.

Key Points

  • President Trump announced tariffs on eight European countries over the weekend.
  • A 10% tariff would take effect on February 1, 2026, rising to 25% on June 1.
  • Gold reached $4,690 per ounce during early Asian trading, marking a new all-time high.
  • Bitcoin fell below $93,000 to $92,539, representing a 2.7% decrease over the last 24 hours.
  • Crypto liquidations totaled $864.35 million over 24 hours.

Tariff Decision Triggers Diplomatic Response

The new 10% tariff measures apply to the United Kingdom, Denmark, Sweden, Norway, Germany, France, Finland, and the Netherlands. According to the White House, the levies will remain in place until the United States secures an agreement to purchase Greenland.

The announcement prompted a diplomatic response. Officials from the affected countries held emergency discussions to coordinate their next steps.

Subsequently, European Commission President Ursula von der Leyen and European Council President António Costa issued a joint statement affirming the European Union’s full support for Denmark and the people of Greenland.

Meanwhile, as talks continued, attention shifted to the risk of retaliation. The Financial Times reported that the EU is weighing countermeasures. These could include tariffs valued at up to €93 billion ($107.71 billion), as well as potential limits on US companies operating in the bloc.

Investors Rotate Into Precious Metals

Against this political backdrop, financial markets reacted quickly. Investors moved capital toward assets traditionally associated with stability during periods of heightened risk. Gold climbed to $4,690 per ounce today, setting a new all-time high. Silver followed suit, rising above $94 per ounce for the first time.

The rally in precious metals reflected a broader shift in market positioning. As trade tensions escalated, investors pared back exposure to growth-oriented and speculative assets, thereby setting the stage for weakness across equities and digital assets.

Bitcoin and Crypto Market Face Selling Pressure

While metals advanced, Bitcoin came under pressure. Data from CoinGecko showed the world’s largest cryptocurrency slipping below $93,000. At the time of reporting, Bitcoin was trading at $92,539, down 2.7% over the past 24 hours.

The weakness extended beyond Bitcoin. The total cryptocurrency market capitalization fell by nearly $98 billion during the same period. As prices dropped, leveraged positions were forced to unwind.

As reported earlier by The Crypto Basic, liquidations totaled $867 million over the last 24 hours, with long positions accounting for more than $785 million.

According to The Kobeissi Letter, Bitcoin dropped nearly $4,000 within a single hour as $500 million in leveraged long positions were wiped out.

Analysts Examine Bitcoin’s Lagged Reaction

Despite the sharp sell-off, some analysts focused on the timing of Bitcoin’s response. Analyst Timothy Peterson noted that prices remained stable for nearly 36 hours following the tariff announcement, with selling pressure emerging only after institutional trading activity picked up in Asia.

Moreover, Peterson highlighted a recurring pattern. He said this marked the third tariff announcement by President Trump, with Bitcoin falling each time. He added that high leverage persisted despite warning signals from previous events.

Broader Risks Weigh on Market Outlook

Analysts cautioned that volatility may not remain confined to digital assets. In a post on X, Crypto Rover highlighted several policy risks that could converge in the coming days, including EU tariffs that could affect trade flows worth nearly $1.5 trillion.

He also warned that new EU trade agreements with US-sanctioned countries could weaken American trade influence. According to Rover, such developments would be negative for global risk sentiment, US equities, and the dollar.

He further noted uncertainty surrounding an upcoming US Supreme Court decision related to the tariffs, suggesting that either outcome could pressure stocks and cryptocurrencies, including Bitcoin.

Gold Continues to Outperform Bitcoin

As uncertainty builds, analysts continue to compare gold and the relative performance of Bitcoin. Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said the Bitcoin-to-gold ratio is more likely to fall toward 10x, arguing that a rebound toward 30x in Bitcoin’s favor appears less likely.

Economist Peter Schiff echoed this assessment, contending that Bitcoin’s inability to keep pace with gold undermines its “digital gold” narrative.

Veteran trader Peter Brandt added that physical commodities may outperform dollar-denominated assets, noting that Bitcoin’s role remains unclear and warning of further downside for altcoins.

With trade tensions unresolved and policy risks mounting, markets remain highly sensitive to geopolitical developments. For now, gold’s continued ascent and Bitcoin’s retreat underscore how differently investors are positioning in response to global uncertainty.

Shiba Inu Bears Take Over as Major Indicator Signals More Price Declines

Elendu Benedict
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Shiba Inu Bears Take Over as Major Indicator Signals More Price Declines

A major Shiba Inu indicator has flashed bearish signals on the daily chart, piling more pressure on the price of the prominent meme coin.

The short-lived bullish rally in early January is losing momentum fast, and the key indicator further confirms this. Specifically, Shiba Inu has broken below the middle band of the Bollinger Band, a widely viewed bearish signal.

Key Points

  • A major indicator has flashed bearish signals on the daily chart, piling more pressure on the price of the prominent meme coin Shiba Inu.
  • Shiba Inu has broken below the middle band of the Bollinger Band, a widely viewed bearish signal.
  • The sentiment around the Shiba Inu ecosystem swung to the bullish side following its ideal start to the year.
  • However, rather than a bullish continuation, the top meme coin has lost steam, dropping below the middle band of the Bollinger indicator.
  • The middle band is the 20-period simple moving average (SMA), an indicator that identifies short-term market trends.
  • The next support if this weakness persists is the Bollinger Band’s lower band, which lies around the $0.0000073 price region.

Shiba Inu Bears Grow Stronger

The sentiment around the Shiba Inu ecosystem swung to the bullish side following its ideal start to the year. From January 1, the token ticked northwards, soaring 46% to its January 5 high of $0.00001009.

During this time, SHIB broke above the upper Bollinger Band, signaling a strong uptrend. However, rather than a bullish continuation, the leading meme coin has lost steam amid a weak broader market trend.

Bears grew stronger, pushing the token down 22% from its January high to its current price of $0.0000078 per CoinMarketCap. This sideways trend has seen Shiba Inu drop below the middle band of the Bollinger indicator.

Shiba In/TradingView
Shiba In/TradingView

What Does This Mean for Shiba Inu

Notably, the middle band is the 20-day simple moving average (SMA), an indicator that identifies short-term market trends. SHIB climbed above the indicator on January 2, contributing to its foray to the upper Bollinger Band.

As the bullish momentum stalled, it dropped 4.3% on Sunday, breaking below the mid-band. Losing this critical support point signals short-term bearishness and opens the door to a further downtrend.

Shiba Inu has continued to fall further away from the middle band, sustaining the trend shift. The next support if this weakness persists is the lower Bollinger Band, which lies around the $0.0000073 price region.

Key Caveat to Note

Meanwhile, losing the 20-day SMA does not put the final nail in Shiba Inu’s coffin, as bulls can still rally and drive a recovery. Again, the broader crypto market sentiment can change quickly, impacting the meme coin’s price.

Hence, this analysis provides exposure to current market reality, as reflected in technical indicators, and is not a prediction of Shiba Inu’s subsequent price action, nor is it financial advice.

NuNet Launches Cardano Payments, Bringing ADA to Decentralized Computing

Lele Jima
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NuNet Launches Cardano Payments, Bringing ADA to Decentralized Computing

NuNet, a decentralized peer-to-peer network for sharing computing power, has announced the launch of Cardano-based payments. 

NuNet made the announcement following a successful demonstration of decentralized compute payments on the Cardano blockchain. The event confirms real-world functionality rather than a conceptual roadmap, signaling readiness for broader adoption. 

Key Points 

  • NuNet has launched Cardano-based payments for its decentralized peer-to-peer compute network. 
  • This support follows the release of Device Management Service (DMS) v0.9.0, which expands contract settlement beyond Ethereum. 
  • The system allows seamless switching between Ethereum and Cardano within a single payment flow. 
  • While Cardano payments are now live, the network’s native NTX token will continue to drive coordination and orchestration. 
  • Adding Cardano support represents a key milestone ahead of NuNet’s mainnet launch, scheduled for early March. 

NuNet Expands Contract Payments Beyond Ethereum 

NuNet positioned itself as a multi-blockchain decentralized compute marketplace but relied primarily on Ethereum for settlement, in line with broader Web3 standards. However, earlier this month, the project reached a key milestone with the release of Device Management Service (DMS) v0.9.0. 

With this update, NuNet added Cardano support to its payment system, extending settlement beyond Ethereum and strengthening its multi-chain architecture. As a result, users can now deploy compute jobs and pay directly with ADA, while the NTX token continues to drive network coordination and orchestration. 

Moreover, the system allows seamless switching between Ethereum and Cardano, delivering a production-ready payment flow from deployment through settlement. Overall, this upgrade builds on earlier infrastructure improvements and positions NuNet for its live phase with full multi-blockchain support. 

NuNet Gears Up for Mainnet Launch

According to NuNet, activating Cardano payments represents a pivotal step toward its mainnet launch. The mainnet infrastructure is scheduled to go live on March 2, 2026, marking the transition from testing to a fully operational decentralized compute economy. 

In a statement, the NuNet team emphasized that its infrastructure is now ready for global adoption. Following the deployment of Cardano-based payments, the project stated that it has showcased its ability to deliver seamless payments, multi-blockchain support, and real-world utility. 

Shiba Inu Pullback Brings Price Back to a Historically Watched Fibonacci Zone

Elendu Benedict
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Shiba Inu Pullback Brings Price Back to a Historically Watched Fibonacci Zone

The recent Shiba Inu price retracement has pushed the meme coin to a key Fibonacci level recognized as a good entry point.

Notably, Shiba Inu has relinquished most of its early January gains, with the broader market uncertainty breeding the correctional momentum. A poor start to this week further piles pressure on the token’s price, but has now brought it to a key price level, seen as a good long-term buy opportunity.

Key Points

  • Shiba Inu has relinquished most of its early January gains, with the broader market uncertainty breeding the correctional momentum.
  • The recent Shiba Inu price retracement has pushed the meme coin to a key Fibonacci level recognized as a good entry point.
  • Amid the downtrend, Shiba Inu reached the 0.786 Fibonacci level on the 4-hour timeframe.
  • SHIB had dropped to a low of $0.00000745 in Asian time on Monday, joining a broader market trend spurred by macroeconomic uncertainty.
  • This is likely a short-term correction, which may represent a “sweet spot” for long-term Shiba Inu buys ahead in a recovery.

Sweet Spot for a Shiba Inu Buy?

Notably, a TradingView analysis from “Vivaforexwithcaro” highlighted this price action in an early Monday post. Specifically, Shiba Inu has just reached the 0.786 Fibonacci level on the 4-hour timeframe, as last week’s poor performance spills into the current week.

SHIB had dropped to a low of $0.00000745 in Asian time on Monday, joining a broader market trend spurred by macroeconomic uncertainty. The chart shows it reached a key support level marked in pink in an accompanying chart. This demand zone closely aligns with the 78.6% Fibonacci extension.

Shiba Inu Retest the 0.786 Fibonacci Level/Vivaforexwithcaro
Shiba Inu Retest the 0.786 Fibonacci Level/Vivaforexwithcaro

Nonetheless, the analyst views this as a short-term correction. As a result, he called the current level a “sweet spot” for long-term Shiba Inu buys in preparation for a recovery.

Shiba Inu Structure Looks Weak

Overall, Shiba Inu has struggled to sustain any upward momentum. In early January, it started the year as most cryptocurrencies did, rallying over 25% from around $0.00000691 to $0.00001009 on January 5, removing one zero.

That has been the peak price so far this year, as the token has corrected by 22% to the current price of $0.00000785. Further, the analyst’s chart shows Shiba Inu broke below an ascending support trendline around $0.0000083, further confirming weak price momentum.

While Shiba Inu showed a notable lower price rejection at its 4-hour close, it generally looks weak. How it would react to the 0.786 Fibonacci level and the broader crypto trend would influence its near-term price development.

Further Analytical Perspective

Meanwhile, other analysts have also shared mixed outlooks for Shiba Inu. For context, SHIB KNIGHT is similarly optimistic with today’s analysis, insisting it was time to “send” Shiba Inu. His bullish disposition stems from a recent breakout of a descending trendline.

However, MMB Trader remains conservative. While he is bullish on the asset’s long-term trajectory, he highlighted that Shiba Inu is “dead” as long as it trades below the key resistance level at $0.00001165 and $0.000014.

Bitcoin Dips to $92,000 as $785M in Long Bets Collapse

Mark Brennan
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Bitcoin Dips to $92,000 as $785M in Long Bets Collapse

Bitcoin opened the week under pressure, retreating as a wave of liquidations abruptly halted a rally driven largely by derivatives activity.

The pullback was compounded by fresh macro headwinds following U.S. President Trump’s announcement of new tariffs on eight European countries.

Under the proposal, a 10% tariff would take effect on February 1, 2026, increasing to 25% by June 1. The White House stated that the measures would remain in place until the United States secures an agreement to purchase Greenland.

Key Points

  • Bitcoin fell about 3% to roughly $92,500 today.
  • Crypto liquidations totaled $867 million over the past 24 hours, including $785 million in long positions.
  • Around 243,000 traders were liquidated globally during the same period.
  • The largest single liquidation reached $25.83 million on the Hyperliquid BTC-USDT pair.
  • Solana dropped 6.5%, SUI slid 12%, and ZCash declined 7% during Asian hours.
  • Gold gained 1.7% to $4,600 after the U.S. announced a 10% tariff on imports from Denmark and seven other European countries.

Bitcoin Retreats as Leverage-Driven Rally Unwinds

Data from CoinGlass showed that losses were heavily concentrated in long positions, which highlighted how crowded bullish trades had become ahead of the reversal. Consequently, as prices slipped, liquidation-driven selling intensified, accelerating the downside move.

Crypto Liquidation Last 24 Hours
Crypto Liquidation Last 24 Hours

Selling pressure was not confined to Bitcoin. Solana fell 6.5%, while SUI posted a sharper 12% decline. ZCash also weakened, sliding 7%.

The synchronized declines reflected a market increasingly sensitive to Bitcoin’s direction, with altcoins amplifying the move as overall sentiment deteriorated.

Thin Liquidity Exposes Structural Fragility

In its weekly report, Glassnode noted that Bitcoin’s recent climb toward $96,000 relied heavily on derivatives flows, whereas sustained spot accumulation remained limited. Moreover, the firm warned that futures liquidity remains thin, leaving the market vulnerable to abrupt reversals.

Once leverage-driven demand fades, prices can quickly lose direction, Glassnode said. Adding to this pressure is a supply zone formed by long-term holders who accumulated near prior cycle highs. That area has repeatedly capped recent rebound attempts.

Market Direction Still Under Question

Against this backdrop, CryptoQuant struck a cautious tone. It characterizes the advance since late November as corrective rather than the start of a confirmed trend reversal. 

Bitcoin remains below its 365-day moving average near $101,000, a level that has historically separated bullish and bearish market regimes. As long as prices remain under that threshold, uncertainty is likely to persist.

Spot demand continues to contract despite modest improvement, while U.S. spot Bitcoin ETF inflows remain subdued, according to the firm.

Early Stabilization Signals, Limited Follow-Through

Nevertheless, some tentative signs of stabilization have emerged. Glassnode reported that long-term holder distribution has slowed compared with late 2025, suggesting reduced selling pressure from older cohorts.

Spot flows on Binance-linked venues indicate stronger buying interest, while sell-side activity on Coinbase has eased. However, these developments have yet to translate into sustained upward momentum.

Options markets echo the cautious mood. Glassnode noted that implied volatility remains low. However, longer-dated contracts continue to price in downside protection, thereby signaling lingering risk aversion.

Sensitivity to Leverage Remains the Key Risk

Taken together, analysts see a market still dominated by leverage dynamics. Both Glassnode and CryptoQuant warned that shifts in liquidity remain the key driver of price action. Without a meaningful return of spot demand, volatility risks are likely to stay elevated.

Until that demand materializes, Bitcoin is expected to remain reactive, with price movements driven more by positioning than fundamentals.

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