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Finance Coach Says You’ll be a Legend Buying XRP Under $2 and Holding for 4 Years

Abdulkarim Abdulwahab
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Finance Coach Says You’ll be a Legend Buying XRP Under $2 and Holding for 4 Years

Coach JV, a financial expert, has suggested that investors who buy XRP under $2 could become legends in the next four years.

Coach JV’s clarion call comes on the back of the ongoing market-wide downtrend that has placed bearish pressure on XRP’s price since October. While October and November led to a combined 26% decline, it wasn’t until December that XRP completely lost the $2 price level, currently trading for $1.89 at press time.

XRP Slips Below $2 But Pundit Sees Opportunity

Recall that multiple market analysts, as well as Glassnode, have called attention to the $2 mark as an important level for XRP, insisting that the crypto asset needs to maintain the support at this psychological level. With XRP now trading below $2, market sentiment has turned sour, as pundits like Ali Martinez expect steeper declines.

However, Coach JV believes this recent drop presents an ample opportunity to procure XRP at much lower prices. He presented this sentiment in a recent post on X, calling attention to previous commentaries he made around XRP price when the crypto asset traded at far lower levels.

According to Coach JV, he kept beckoning investors four to five years ago to purchase XRP at $0.17, insisting that doing so would make them legends years later. For context, XRP last traded around the $0.17 mark in July 2020, five years ago, amid the downtrend that began in January 2018, as XRP collapsed from the $3.31 peak.

Coach JV says he persistently asked investors to amass XRP at this price and hold it for four years. Notably, XRP soared to a peak price of $1.95 in November 2024, four years and a few months later. For perspective, an investor who committed $50,000 into XRP in July 2020 would have amassed 294,117 tokens. At the $1.95 peak in November 2024, this investment soared to $573,000.

“You’ll be a Legend Buying XRP Under $2”

Today, with XRP back below the $2 mark, Coach JV now suggests that the market has presented an opportunity similar to the one from the $0.17 low in July 2020. “You’ll be a legend buying XRP under $2 and holding it for the next four years,” the financial expert remarked.

According to him, such investment is not about trying to time the market but about the time at which investors enter and exit the market. Coach JV noted that most investors face losses because they seek get-rich-quick schemes, which deviate from his suggestion of a 4-year holding period. 

He stressed that these unprincipled investors look around, waiting for saviors as they chase pumps and look for the perfect entries. Coach JV insisted that investors build wealth through patience, conviction, and discipline. He believes people become legends when they can sit through volatility, fear, and boredom, while other traders quit.

Interestingly, besides Coach JV, other XRP community figures have also championed an accumulation push for XRP under $2. For instance, market analyst Income Sharks suggested last month that investors who missed XRP below $2 would soon get the chance again to buy it. At the time, XRP traded for $2.25.

Top Investor Says Expect Big News This Week on XRP ETFs

Abdulkarim Abdulwahab
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Top Investor Says Expect Big News This Week on XRP ETFs

Interest in XRP exchange-traded funds (ETFs) is rising again after widely followed investor Paul Barron revealed that “big news” could surface this week.

His comment spread across the XRP community, fueling expectations that another update or launch could be imminent.

Strong ETF Flows in Crypto

The renewed attention comes alongside a performance breakdown shared by Nate Geraci, President of NovaDius Wealth. He highlighted the top ETF performers and their year-to-date inflows. While Bitcoin and Ethereum ETFs dominated the list, XRP also made a notable appearance.

Among the standouts, BlackRock’s IBIT Bitcoin ETFs recorded the largest year-to-date inflows at $25 billion. Grayscale’s Bitcoin Mini Trust ETF followed with $1.11 billion. Other Bitcoin ETFs included Fidelity ($477 million) and VanEck ($305 million), as Bitcoin ETFs continued to lead inflows.

BlackRock’s Ethereum ETFs also led the ETH segment with $9.12 billion. Other Ethereum ETFs from BlackRock, Grayscale, and Fidelity ranked high as well, though with lower volumes. A Solana staking ETF from Bitwise also showed solid traction, with $839 million in inflows.

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Meanwhile, for XRP holders, the Canary XRP ETF (XRPC) recorded $384.33 million in year-to-date inflows. This places it among the top ETFs overall, despite launching only in November.

XRP ETF Landscape Keeps Expanding

Beyond Canary’s product, several other XRP ETFs are already live but did not feature in the top-performers list. These include:

  • 21Shares: about $250 million in assets under management
  • Bitwise: roughly $227 million
  • Grayscale: around $244.23 million
  • Franklin: approximately $206.9 million

All XRP spot ETFs launched in November and December. Together, they now account for about $1.24 billion in total AUM, with cumulative inflows at $1.14 billion. For a newly launched ETF category, these figures highlight strong early demand.

Some industry commentators, like Teucrium CEO Sal Gilbertie, have said that while the current figure is impressive, it could have been much higher if not for the bearish sentiment that has dominated the market since last month. Even so, XRP ETFs have shown remarkable performance, generating over $1 billion in just 21 days of consistent inflows.

Now, attention is on what could come next, as Barron’s tweet hinted.

What “Big News” Could Mean

Many are interpreting Barron’s comment as a potential update on another XRP ETF. One product the community is closely watching is the WisdomTree XRP ETF, which is among the pending ETFs expected to launch next.

At the same time, speculation around a BlackRock XRP ETF continues to circulate. However, there is currently no filing or pending approval for an XRP product tied to BlackRock, making such expectations premature.

With multiple XRP ETFs already attracting sizable inflows and at least one more set to launch soon, this could have a notable impact on market sentiment.

Mike Novogratz Says XRP Risk Losing Relevance Without Real-World Utility

Lele Jima
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Mike Novogratz Says XRP Risk Losing Relevance Without Real-World Utility

Mike Novogratz, CEO of Galaxy Digital, has warned that Cardano and XRP risk losing relevance in the crypto market if they fail to deliver clear real-world utility. 

He made this statement during a recent conversation with Galaxy’s Head of Firmwide Research, Alex Thorn. Their discussion covered topics such as real-world asset (RWA) tokenization, artificial intelligence (AI), and evolving valuation frameworks.

In this context, Novogratz cited XRP and Cardano as examples of networks approaching a critical inflection point.

New Shift in Crypto Market

According to Novogratz, the crypto market is gradually transitioning away from narrative-driven assets. In his view, this comprises tokens whose value relies heavily on community loyalty, branding, and long-term promises rather than on immediate economic output.

Per his assessment, XRP and Cardano have historically benefited from strong, committed communities, but that alone may no longer be sufficient.

Instead, he argued that the next market cycle will increasingly favor “business-driven tokens”. These are projects that generate tangible economic value, support real-world use cases, and produce sustainable revenue or profits for holders.

He stressed that investors are increasingly evaluating blockchains less as ideological experiments and more as businesses, with some users asking a fundamental question: “How much value does this network actually generate?”

Cardano and XRP Could Become Irrelevant Without Real-World Utility

Novogratz stated that this market shift will not happen overnight. He expects a structural transformation to unfold over the next one to three years. During this period, projects that fail to demonstrate meaningful utility or steady cash flow may struggle to retain investor attention, regardless of how loyal their communities remain.

He specifically mentioned XRP and Cardano, questioning whether both networks can adapt as new alternatives emerge. His comments framed the issue as a test of whether these ecosystems can evolve beyond narratives driven primarily by community hype.

While acknowledging Cardano founder Charles Hoskinson’s role in maintaining a resilient blockchain and strong community, Novogratz stressed that the network is still underutilized.

Users Fire Back

As expected, Novogratz’s remarks sparked backlash across the crypto community, with many users questioning his credibility. XRP community figure Alex Cobb highlighted Novogratz’s past bullishness on Terra (LUNA), recalling that he was so supportive of the project that he even got a tattoo in its honor—before its collapse in 2022.

Cobb used this example to challenge Novogratz’s authority to assess the long-term prospects of networks like XRP, which he argued has delivered substantial gains over the past 13 years.

Other community members emphasized XRP’s expanding real-world utility, noting its practical applications in cross-border payments and growing adoption as a treasury asset. They also pointed out XRP’s increasing role in decentralized finance, citing platforms such as Axelar and Flare Networks as examples of adoption.

Similarly, Cardano is advancing its utility narrative. The launch of Midnight, Cardano’s privacy sidechain, represents a significant step toward attracting developers and enterprises seeking private smart contract functionality. This further enhances the network’s long-term value proposition.

Crypto CEO Says Current XRP Price Is Merely a Shadow of What’s Coming

Abdulkarim Abdulwahab
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Crypto CEO Says Current XRP Price Is Merely a Shadow of What’s Coming

Digital Ascension Group CEO Jake Claver suggested that XRP current market price does not reflect what he believes is unfolding behind the scenes.

According to Claver, major financial institutions are accumulating XRP away from public attention. He argued that retail investors are largely unaware of the scale of this activity, which he believes is positioning XRP for a much larger role in the global financial system.

In his words, today’s price is “merely a shadow of what’s coming”. This implies that the market has yet to price in XRP’s potential use as a backbone for international finance.

XRP as a Foundation for Global Finance

Claver described XRP’s future in terms of utility rather than short-term price action. He suggested that if XRP evolves into a core settlement layer for cross-border payments, current investor hesitation could later be seen as a missed opportunity.

This perspective aligns with his long-standing view that XRP is uniquely positioned due to its speed, liquidity focus, and growing integration with institutional products.

Pattern of Extreme Conviction

This is not the first time Claver has expressed near-total confidence in XRP. In late December, he stated he was “99.99999% confident” that XRP would make an unbelievable move before the year’s end, even as the token traded below $2.

Earlier in the month, he also reiterated his belief that XRP could eventually reach triple-digit prices, citing catalysts such as expanding XRP ETFs, shifts in global liquidity, regulatory clarity, and macroeconomic disruptions.

ETFs and Institutional Products Fuel the Thesis

Claver has frequently pointed to ETF activity as a key signal. He highlighted strong inflows into XRP investment products and noted that major asset managers are now offering exposure, which he sees as validation of institutional interest.

He has also speculated that future ETF filings from large firms like BlackRock could act as a major trigger. Meanwhile, he has acknowledged that some of these assumptions remain speculative.

Pushback From the Community

Despite his confidence, Claver’s predictions have drawn criticism. Many community members argue that his timelines have been too aggressive, especially as earlier price targets such as $100 by year-end now appear unrealistic.

Yet, Claver has not retreated from his thesis. Rather than focusing on short-term price performance, he continues to stress long-term outlook, suggesting that XRP’s true value may only become clear once structural changes in global finance take shape.

At the moment, XRP remains far below the levels Claver has projected. But his latest comments reiterate that the current market is still only seeing a fraction of the bigger picture.

BitMine Buys 44,463 ETH Amid Year-End Market Dip, Now Holds 3.41% of Ethereum Supply

Abdulkarim Abdulwahab
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BitMine Buys 44,463 ETH Amid Year-End Market Dip, Now Holds 3.41% of Ethereum Supply

BitMine has been buying a lot of Ethereum, adding tens of thousands of ETH in one week as year-end market pressures push prices down.

In a new press statement, BitMine said it bought 44,463 ETH last week. This move positions it as what Fundstrat’s Tom Lee described as the largest source of “fresh money” buying Ethereum globally.

He added that late-December trading is often affected by tax-loss selling (especially from December 26–30), which usually pushes down crypto prices. Meanwhile, BitMine is using this window to build long-term exposure.

Ethereum Holdings Reach 3.41% of Total Supply

As of December 28, BitMine holds 4.11 million ETH, worth approximately $12.1 billion at Coinbase prices. This represents 3.41% of Ethereum’s total circulating supply, moving the firm roughly two-thirds of the way toward its stated goal of owning 5% of all ETH.

In addition to ETH, BitMine’s balance sheet includes 192 BTC, $1 billion in cash, and a $23 million strategic investment in Eightco Holdings. This brings its total cash, crypto, and “moonshot” holdings to $13.2 billion.

Staked ETH Crosses 408,000 as MAVAN Takes Shape

BitMine has already staked 408,627 ETH, worth about $1.2 billion, as it prepares to launch its proprietary staking infrastructure, the Made in America Validator Network (MAVAN), in early 2026.

At current Ethereum staking rates, the company estimates that fully deploying its ETH holdings into staking could generate over $1 million per day in staking rewards at scale. In other words, the move turns ETH accumulation into a recurring income engine.

With its current holdings, BitMine ranks as the largest Ethereum treasury in the world and the second-largest crypto treasury globally. It trails only Strategy (formerly MicroStrategy), which holds over 670,000 BTC.

The company has also emerged as one of the most actively traded stocks in the U.S., averaging $980 million in daily trading volume. This figure places it among the top 50 most traded equities nationwide.

Institutional Backing and January 2026 Shareholder Meeting

BitMine continues to attract support from major institutional investors, including ARK Invest’s Founders Fund, Cathie Wood, Pantera, DCG, Galaxy Digital, and personal backing from Tom Lee himself.

Looking ahead, BitMine will hold its Annual Stockholder Meeting on January 15, 2026, in Las Vegas. Management is urging shareholders to approve key proposals tied to its long-term ETH accumulation strategy, staking expansion, and capital structure.

As year-end volatility plays out, BitMine’s aggressive ETH buying highlights confidence among institutional players that Ethereum’s long-term role in global finance is still being priced far below its potential.

Here’s Why Bitcoin Pumped to $90K Today and What Could Come Next

Elendu Benedict
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Here’s Why Bitcoin Pumped to $90K Today and What Could Come Next

An analysis from trading firm QCP Research has identified what could have fueled the Bitcoin rebound on Monday, further highlighting subsequent scenarios.

For context, Bitcoin rallied past $90,000 earlier on Monday. It reached an intraday high of $90,330 before a substantial pullback to the current market price of around $87,000.

But what caused the Asian time rally, and why does it matter? An analysis from QCP Research has shed some light on this development.

Spot and Perpetual-Fueled Bitcoin Rally

Specifically, analysis at the firm highlighted that Bitcoin rallied by 2.6% during the Asian market session, a price action similar to that seen on Boxing Day. Notably, BTC jumped from $87,200 to $89,500 during the same market session before relinquishing most of its gains as the US market opened.

Meanwhile, the rally today caught attention because it occurred during the holiday period, when liquidity is usually low. With BTC now relinquishing all of its earlier gains, it is on course to end the same way it did three days ago.

On the catalyst for the rally, QCP wrote that with just $40 million in leveraged long liquidations, it does not seem like liquidation is the driver for this short-lived rally to $90,000. However, the firm pinned it on spot and perpetual accumulations under the meager market liquidity conditions.

Particularly, some might come from Strategy’s accumulation activity. Recall that executive chairman Michael Saylor hinted at buying Bitcoin yesterday, with the firm announcing a 1,229 BTC acquisition worth $108 million today.

Derivative Activities: A Contributing Factor

Further, QCP noted that after over $27 billion worth of BTC and ETH options expired on Deribit last Friday, funding rates on the exchange rose above 30% from nothing. The firm emphasized that this suggests that option traders who were previously long gamma have switched to short gamma, betting on Bitcoin upside.

Consequently, these growing call positions are forcing participants to buy spot Bitcoin or other close-to-expiry calls, indirectly encouraging BTC accumulation. Notably, exchange data further supports this narrative, as users aggressively opened long Bitcoin positions today and bought the “BTC-2 JAN 26 94K” call.

Why Does It Matter for Bitcoin?

Remarkably, QCP emphasized that the continued Bitcoin demand and spot buying improve the chances of a gamma-driven squeeze. A push past $94,000 would further increase the delta of call options, fuel more dealer BTC acquisition, and, consequently, push the asset’s price further upward.

The reduction of put options further adds to the bullish outlook, particularly as Bitcoin’s resilience above $86,000 has slowed user appetite towards the December 85K put. Furthermore, with large capital from the Friday options expiration lying idle, participants could soon start reallocating to the market again, increasing volatility.

Nonetheless, QCP stated that taking a stance on BTC solely based on options positioning data may be “premature.” Additionally, it called for caution, as the crypto market has clearly lacked direction as the year winds down.

Bitcoin 2026 Price Outlook: Ripple CEO, Wall Street, and Top Industry Voices Share BTC Forecasts

Lele Jima
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Bitcoin 2026 Price Outlook: Ripple CEO, Wall Street, and Top Industry Voices Share BTC Forecasts

As 2025 draws to a close, industry stakeholders, including Ripple CEO Brad Garlinghouse, have shared their predictions for Bitcoin price trajectory in 2026. 

In its latest analysis, popular crypto media Wu Blockchain highlights a growing credibility gap in Bitcoin price forecasting. 

According to the report, institutional predictions for 2025 collectively failed to anticipate how the market evolved this year. It emphasized that forecasts missed both the scale of Bitcoin’s price moves and the timing, volatility, and depth of its drawdowns. This miss helped erode market confidence in target-price narratives. 

Notably, investors are increasingly treating price forecasts as scenario analysis rather than promise-like guidance. Rather than anchoring expectations to a single number, market participants are now interested in underlying assumptions, macro conditions, and structural drivers. 

2026 Bitcoin Price Forecasts 

Despite fading confidence in precise Bitcoin price targets, industry leaders and major institutions continue to outline clear frameworks for BTC’s 2026 outlook. Overall, the report divides these expectations into two broad camps: bullish and bearish. 

Bullish Predictions 

On the bullish side, forecasts largely cluster between $150,000 and $250,000, implying potential gains of 72% to 186% from Bitcoin’s current price of $87,279. 

Prominent advocates of this view include Ripple CEO Brad Garlinghouse ($180,000), Fundstrat’s Tom Lee ($200,000–$250,000), BitMEX co-founder Arthur Hayes ($200,000), and BSTR President Katherine Dowling ($150,000). 

In addition, major financial institutions such as Standard Chartered, Bernstein, and JPMorgan share similarly optimistic projections, with targets set at $150,000, $150,000, and $170,000, respectively.

Meanwhile, asset managers Grayscale and Bitwise did not mention explicit targets but still expect Bitcoin to set a new all-time high next year.

Notably, several common catalysts underpin these bullish forecasts. These experts point to improving regulatory clarity, rising institutional allocations, deeper penetration of spot Bitcoin ETFs, and a potential shift toward friendlier monetary policies as key drivers of further upside. 

2026 Bitcoin forecasts
2026 Bitcoin forecasts

Bearish Outlook

By contrast, the bearish camp warns that Bitcoin could face significant downside pressure in 2026, with prices potentially falling well below $100,000.

For instance, CryptoQuant argues that Bitcoin may already be entering a bear phase. The analytics firm identifies $70,000 as a key downside level and suggests a deeper decline toward $56,000 could unfold if demand continues to weaken. 

Similarly, veteran trader Peter Brandt, drawing on long-term historical patterns, contends that Bitcoin’s exponential growth has decayed, increasing the risk of a much sharper correction toward $25,000.

Taking the most extreme stance, Bloomberg Intelligence strategist Mike McGlone warns that post-inflation, deflationary macro forces could trigger a severe mean-reversion cycle, potentially dragging Bitcoin down to $10,000. 

Meanwhile, institutions such as VanEck and Barclays avoid issuing specific price targets altogether. Nonetheless, they caution that 2026 may be a consolidation or transitional year for Bitcoin rather than a period of explosive growth. 

Six Crypto Companies Set to Test Public Market Appetite in 2026

Zabi
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Six Crypto Companies Set to Test Public Market Appetite in 2026

Crypto companies made a decisive return to public markets in 2025, raising $3.4 billion through initial public offerings, according to DefiLlama.

Consequently, that resurgence is now laying the groundwork for an even more active year ahead, with several high-profile digital asset firms preparing to go public in 2026.

Compliance and Infrastructure Shape the Next IPO Cycle

Unlike earlier crypto market booms, the upcoming wave of IPO candidates reflects a markedly more conservative posture. Specifically, rather than emphasizing speculative trading exposure, many firms are positioning themselves around regulated infrastructure, custody, and risk management.

In a media statement, Samantha Lewis, a partner at early-stage venture firm Mercury Fund, said the emerging pipeline highlights businesses built with compliance as a core design principle. Many of these companies, she added, serve as connective tissue between traditional financial balance sheets and on-chain markets.

Overall, the focus on institutional readiness is a common thread across the most closely watched listings.

Kraken Emerges as a Flagship Candidate

Kraken is widely expected to lead the next cohort of crypto IPOs. The US-based exchange confidentially submitted an S-1 registration with the US Securities and Exchange Commission (SEC) in November 2025. It is now aiming for a public debut in the first half of 2026.

The company generated $1.5 billion in revenue in 2024, up from $750 million in 2023. Additionally, a late-stage funding round led by Citadel Securities has valued Kraken at $20 billion. The firm’s expansion into derivatives trading, coupled with the acquisition of a MiCA licence in Europe, underpins this valuation.

Despite those preparations, co-CEO Arjun Sethi said in September that the company was not rushing its IPO timeline.

Consensys Positions Itself as a Software Pure Play

Attention then turns to Consensys, one of the most prominent infrastructure providers in the crypto ecosystem. The company is reportedly working with JPMorgan and Goldman Sachs on a mid-2026 listing.

Consensys operates MetaMask and Infura, products that collectively serve millions of users across multiple blockchain networks. In 2025, MetaMask added native Bitcoin support, reinforcing its multi-chain strategy.

With more than 30 million monthly users and a reported $7 billion valuation, the company’s IPO filing is expected to emphasize revenue from MetaMask Swaps and growing enterprise demand for its Linea network.

BitGo Advances Toward a Custody-Focused IPO

Another key trend in the upcoming IPO cycle is custody providers. BitGo is moving toward becoming the first large-scale crypto custodian to list publicly.

Backed by Goldman Sachs, the firm filed an updated S-1A in late 2025 and is now targeting a Q1 2026 listing after delays linked to a US government shutdown.

BitGo’s revenue has quadrupled over the past two years, driven by institutional custody mandates and regulated staking services.

Valued at $1.75 billion, the company positions itself as a security-first solution for banks, hedge funds, and asset managers.

Animoca Brands Tests Appetite for Web3 Gaming

Notably, not all potential listings are focused solely on financial infrastructure. Animoca Brands offers exposure to gaming, digital ownership, and Web3 intellectual property.

The Hong Kong-based company plans to list on Nasdaq in 2026 via a reverse merger with Currenc Group. It holds equity stakes in dozens of gaming and metaverse projects and spent 2025 streamlining operations and refining its narrative around digital property rights.

Consequently, its expected $6 billion valuation hinges on monetising in-game economies and its broader investment portfolio. Market observers see the listing as a barometer of investor appetite for gaming-linked crypto assets.

Ledger Builds Momentum Outside Public Listings

Other firms are choosing to remain private while strengthening their market position. French crypto security company Ledger is preparing for a major funding round in 2026, according to the Financial Times.

So far, Ledger has sold more than 6 million hardware wallets globally and has expanded into recurring revenue through its Ledger Live platform.

In 2025, it secured new B2B partnerships and improved its mobile user experience, positioning itself as a full-stack self-custody provider amid growing distrust of centralised platforms.

Bithumb Signals Renewed Strength in Korea

In Asia, Bithumb is preparing a return to public markets. The South Korean exchange plans to list locally by the end of 2025 and has appointed Samsung Securities as its underwriter.

After regaining roughly 25% market share in 2024 through aggressive fee cuts and marketing, Bithumb has re-established itself following years in Upbit’s shadow. The exchange is now focused on licensing and altcoin liquidity, with analysts viewing its IPO as a proxy for retail crypto demand in South Korea.

The country has an estimated 18 million crypto users, with daily crypto trading volumes frequently exceeding those of equities.

Taken together, these planned listings point to a maturing crypto industry. Infrastructure, custody, and compliance now dominate investor narratives, replacing the speculative excesses of earlier cycles.

As 2026 approaches, public markets appear set to play a central role in defining crypto’s next phase of growth and legitimacy.

Bitcoin LTHs Flip from Distribution to Accumulation for First Time Since July: Recovery Next?

Sam Wisdom Raphael
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Bitcoin LTHs Flip from Distribution to Accumulation for First Time Since July: Recovery Next?

Bitcoin long-term holders have flipped from distribution to accumulation for the first time since July, raising questions about a possible price recovery.

Notably, after Bitcoin reached the $126,000 peak in early October, it slipped into a period of sharp price declines that have pushed the price below the $90,000 mark. With BTC currently trading for $87,932, the asset has dropped more than 30% from the October peak amid heavy selling from long-term holders.

Bitcoin LTHs Flip to Accumulation

However, recent on-chain data now suggests that this selling phase may be easing. CryptoQuant analyst Darkfost reported that long-term holders, or investors holding Bitcoin for more than six months, have started accumulating again for the first time since July. 

This change often plays an important role in determining Bitcoin’s next major move. Darkfost explained that many claims about continued heavy selling from long-term holders do not align with the adjusted data.

In his assessment, he removed the impact of nearly 800,000 BTC moved from Coinbase, which had distorted the figures. After this adjustment, the data showed a change in supply trends. 

According to Darkfost, the 30-day cumulative change in long-term holder supply remained negative from July 16, confirming months of distribution. During this period, long-term holders steadily reduced their share of the total supply. This trend has now reversed, with about 10,700 BTC recently moving back into long-term holding status. 

While the increase remains modest, Darkfost noted that it still matters. He said long-term holders have slowed their selling enough for their total supply to begin rising again, while short-term holders continue to hold. In past cycles, similar changes often appeared before consolidation or early recovery phases, depending on broader market conditions.

Bitcoin LTHs Behavioral Trend

Data from the accompanying CryptoQuant chart supports his claims. Specifically, from April to July 2025, monthly long-term holder supply changes stayed mostly positive, showing steady accumulation. 

Bitcoin LTH Supply Change CryptoQuant
Bitcoin LTH Supply Change | CryptoQuant

Accumulation climbed to nearly 400,000 BTC in mid-April before cooling, though the overall trend stayed positive. By mid-May, accumulation increased again and rose above 800,000 BTC in June. 

After peaking, the trend weakened and turned negative in July. It remained negative for several months, reaching beyond -400,000 BTC in November, a period that matched Bitcoin’s weak price performance in the fourth quarter of 2025. The metric only recently flipped back to positive.

Bitcoin’s Recent Rebound Effort

This positive change came alongside a brief price bounce, though the move did not last, and prices have since corrected. Darkfost addressed this rally, noting that Bitcoin jumped by about $3,000 within a few hours. 

He attributed the move mainly to derivatives activity rather than spot buying. During the same period, open interest rose by roughly $2 billion. However, he warned that rallies driven by leverage often fade quickly and rarely support a strong, lasting recovery.

Moreover, technical analyst Lennaert Snyder also called attention to the recent rebound effort. According to him, BTC pushed into the $90,600 resistance area without testing the lower levels he preferred. 

He pointed out that the weekly open near $87,800 appears weak and could get tested soon. Snyder explained that if Bitcoin sweeps liquidity above $90,600, he would wait for a break in the 15-minute structure before considering shorts toward the weak low. 

If Bitcoin instead reclaims $90,600 on a 4-hour timeframe, he would look for continuation longs toward the $93,500 resistance. Snyder added that liquidity below $87,490 could offer long opportunities after a sweep and reversal. 

He also noted that losing $86,900 on a higher timeframe would open the door to shorts targeting the $85,000 lows. He concluded by saying that low volume and choppy price action during the holiday period have led him to reduce risk until market conditions improve.

Hoskinson: Midnight Could Pave Way for $10B Cardano Sidechains

Lele Jima
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Hoskinson: Midnight Could Pave Way for $10B Cardano Sidechains

Cardano founder Charles Hoskinson has reaffirmed that the Glacier Drop initiative is not a one-off event but a foundational component of the evolving ecosystem. 

For context, the Glacier Drop was introduced in the early stages of the Midnight project as its airdrop event. Launched in August, the Glacier Drop enabled eligible beneficiaries of the Midnight (NIGHT) airdrop to claim their tokens ahead of distribution.

When the NIGHT claim window closed in October, many assumed the initiative had concluded. However, Charles Hoskinson has said otherwise.

In a recent commentary, he clarified that Glacier Drop is not a one-off event. Instead, the initiative will evolve into a permanent mechanism to boost user participation and support long-term growth across the Cardano ecosystem.

Midnight to Drive This Strategy

At the center of this strategy is Midnight, Cardano’s privacy-focused sidechain, whose native token, NIGHT, began trading this month. Hoskinson explained that Midnight’s ultimate impact will depend on whether the broader Cardano community adopts and actively builds around its unique capabilities.

If embraced, Midnight could significantly strengthen Cardano by introducing blockchain-to-blockchain services that extend the network’s functionality beyond its base layer.

Notably, Hoskinson stressed that if Midnight reaches $10 billion, it could pave the way for other Cardano partner sidechains in the future. He imagines a scenario in which each of these sidechains reaches a $10 billion valuation.

In this model, the Cardano community could gain strategic advantages, such as early access and 50% of its token supply, as observed in Midnight. This structure, he argued, would reinforce Cardano’s position as a valuable hub for emerging blockchain infrastructure.

Glacier Drop to Serve as a Distribution Mechanism for New Tokens

Hoskinson further stressed that Cardano maintains a steady pipeline of strong ideas ready for annual deployment, reinforcing a long-term vision centered on continuous innovation.

In this framework, Glacier Drop would function as the primary distribution and onboarding mechanism, directly connecting users to new networks and services as they launch.

Consequently, when new sidechains similar to Midnight go live on Cardano, ADA holders could receive up to 50% of the token supply, with allocations claimed through the Glacier Drop initiative.

Team to Refine Glacier Drop

While acknowledging that Glacier Drop began as an experiment with both strengths and flaws, Hoskinson confirmed that the team is committed to refining it. According to him, the development team will fix the issues with the Glacier Drop over the next six months.

Over this period, the Glacier Drop will undergo a comprehensive retooling to improve usability, address shortcomings, and deliver a more seamless user experience.

This upgrade cycle will transform Glacier Drop from an experimental rollout into a polished core feature of the ecosystem, allowing users to claim tokens from new partner chain airdrops.

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