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Huge Shiba Inu Divergence to Sprout an Over 234% Recovery

Elendu Benedict
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Huge Shiba Inu Divergence to Sprout an Over 234% Recovery

Market expert Javon Marks has persisted in his prediction that Shiba Inu would see much higher prices amid bullish divergence.

Marks reiterated this Shiba Inu price prediction in his recent commentary, even as the prominent meme coin shows signs of life. SHIB has built on its green weekly candle last week, with the over 5% gain since Monday aligning with the broader market trend.

The meme coin rallied to a weekly high of $0.00000952 on Thursday, up 26% from its mid-November low of $0.00000755. However, SHIB has pulled back slightly, trading at $0.0000882 at the time of writing.

Shiba Inu Continues in Bullish Divergence Path

Meanwhile, Marks noted that Shiba Inu has continued to follow a bullish pattern. The meme coin has maintained a bullish divergence on the 3-day chart, and the analyst insists this development will spur a recovery.

Specifically, since early July 2024, the meme coin’s price has made lower lows, while its relative strength index (RSI) has been in a higher low trend.

Shiba Inu Bullish Divergence
Shiba Inu Bullish Divergence

SHIB completed a lower low formation with its bottom of $0.0000126 in July 2024 and made a lower high to $0.0000334 in December 2024 before continuing to make new lows. However, its RSI has sustained an upward trend with higher lows since then.

SHIB on Course for 234% Rally

Notably, such bullish divergence usually precedes a price recovery. It shows that bears are losing their grip on the market, and downward momentum is nearing exhaustion.

While this price pattern has persisted for over a year now, Marks has remained unmoved in its ability to drive bullish price action for Shiba Inu. His Wednesday outlook builds on an October 2 analysis, where he also predicted a rebound for the dog-themed meme coin.

Mark’s target remains the same: a 234% recovery at the time of his Wednesday analysis to $0.000032. However, with SHIB correcting further at press time, this represents a 262.8% growth from the current market price.

Shiba Inu to $0.00003+

Remarkably, several other analysts share the view that Shiba Inu will soon reclaim $0.00003. One of those with this view is GehavianGoal, who stated that the token will “fly soon.” He predicted a rally to $0.0000335, a 2780% increase from here.

MMBTrader also sees this occurring, predicting a price jump to $0.000033 for Shiba Inu. However, a separate report highlighted that this recovery hinges primarily on the broader market trend and the token’s adoption.

Here is Possible XRP Price if Bitcoin Hits $180,000 as Recently Predicted by Ripple CEO

Sam Wisdom Raphael
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Here is Possible XRP Price if Bitcoin Hits $180,000 as Recently Predicted by Ripple CEO

An XRP community commentator has presented what he believes could be the possible XRP price if Bitcoin hits the new target set by the Ripple CEO.

Notably, the Ripple CEO Brad Garlinghouse maintained his bullish outlook for the crypto market, and specifically, for Bitcoin, when he spoke at the ongoing Binance Blockchain Week in Dubai. 

Ripple CEO Predicts Bitcoin to $180,000

During a panel discussion with Richard Teng, the Binance CEO, and Lily Liu, President of the Solana Foundation, Garlinghouse presented a bold Bitcoin price prediction. According to him, the crypto firstborn could surge to a price of $180,000 per token by the end of next year. “I’ll go out on a limb, and I’ll say, Bitcoin $180,000 Dec. 31, 2026,” the Ripple CEO said.

However, Teng, when faced with the same question, chose not to mention any specific target, instead suggesting that Bitcoin would trade in a stronger position. “I can’t make a price prediction […] I’m a long-term holder, so I’m not looking at short-term price volatility,” Teng noted.

Meanwhile, Solana Foundation’s Lily Liu predicted that Bitcoin would be over $100,000, which aligns with Garlinghouse’s forecast but avoids any specificities. Of these three industry leaders, Garlinghouse expressed more confidence in his conviction, and some XRP community figures believe XRP could benefit from Bitcoin’s upward push.

Possible XRP Price if Ripple CEO’s Forecast Plays Out

According to Arthur, a community figure, altcoins like XRP often record higher surges, specifically rising between 3x and 5x whenever Bitcoin’s price doubles. Market data confirms these claims. For instance, during the November 2024 rally, BTC surged 1.5x from $70,000 to $109,000. Meanwhile, XRP spiked 6.8x from $0.5 to $3.4 within the same period.

Moreover, the same pattern played out again during the latest market upsurge in July 2025. Specifically, when this bullish run emerged, Bitcoin’s price rose 8% in July to $115,750. Interestingly, XRP saw a more substantial 35% increase to $3.02, outperforming BTC by up to 4.4x. 

Arthur believes this would likely play out if Bitcoin ever records a rally to the $180,000 predicted by the Ripple CEO. Specifically, he suggested that if the prediction plays out, the XRP price would jump to a value between $6 and $10, representing a rally of 3x to 5x. Market analysts like Cryptollica already believe XRP could be on the verge of soaring to $10. 

However, Arthur suggests that a rally to higher prices could ensue for XRP if unique bullish conditions align for the token. According to him, if real utility kicks in, XRP could rise further to a price range of $15 to $20, aligning with the projection from community member the5blairs if XRP ETFs command substantial capital inflows.

XRP ETFs Approach $1B as Ripple CEO Says “We Are Still Early”

Abdulkarim Abdulwahab
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XRP ETFs Approach $1B as Ripple CEO Says “We Are Still Early”

XRP exchange-traded funds are rapidly nearing the $1 billion milestone, attracting bullish commentary from Ripple’s CEO.

The momentum builds on strong institutional demand and a wave of new listings from major traditional-finance players. Meanwhile, Ripple CEO Brad Garlinghouse says this is only the beginning, arguing that crypto’s share of the global ETF market is still “extraordinarily early.”

Ripple CEO: ETF Demand Is Just Getting Started

Speaking at Binance Blockchain Week in Dubai, Garlinghouse pushed back against claims that interest in XRP ETFs or broader crypto products may be cooling. He noted that XRP ETFs did not exist until recently due to U.S. regulatory obstacles. But once approved, pent-up demand poured in.

According to him, over the past “two or three weeks,” more than $700 million has flowed into XRP ETFs, representing investors seeking exposure without the need for self-custody.

He noted that crypto ETFs currently make up just 1–2% of the global ETF industry, and that number will almost certainly grow.

Garlinghouse explained that institutions that previously sat on the sidelines due to regulation, risk concerns, or internal policies are now cautiously entering the market. Ripple’s own prime-brokerage platform is seeing this shift firsthand, with clients “crawling, then walking, then running.”

In other words, institutional appetite is strengthening, not weakening.

Vanguard’s Policy Reversal Accelerates XRP Adoption

A major catalyst behind the latest wave of inflows came from Vanguard, the $11 trillion asset-management giant. After years of rejecting crypto products outright, Vanguard has now listed a full suite of XRP spot ETFs on its brokerage platform.

This marks one of the most significant policy reversals in traditional finance. Analysts believe it could amplify mainstream access to digital assets in the same way gold ETFs transformed precious-metals investing.

Indeed, this shift is gradually unfolding for XRP ETFs, which are now approaching the $1 billion milestone.

XRP ETFs Near $1B in Assets With Zero Outflows

Updated market data shows that XRP ETFs now hold $906.46 million in total assets. This follows 14 trading days that attracted $874.28 million in total net inflows. During this period, XRP ETFs recorded zero days of outflows since launch.

Yesterday, The Crypto Basic reported that XRP became the second fastest crypto to reach $800 million in ETF inflows. Major spikes include $243 million on November 14 during Canary Capital’s debut and $164 million on November 24 with new funds from Franklin Templeton and Grayscale.

In the latest inflow cycle on Wednesday, XRP ETFs logged $50.27 million in new investments from Canary Capital (AUM $355M), Grayscale ($209M), Bitwise ($194M), and Franklin ($129M).

XRP ETF records
XRP ETF records

Meanwhile, 21Shares secured approval for its spot XRP ETF on Cboe BZX, with trading set to begin shortly.

With nearly $1 billion now parked inside XRP ETFs and Vanguard’s adoption boosting confidence, sentiment across the ecosystem is turning increasingly bullish. Garlinghouse believes the real growth will unfold over the next few years as crypto moves from 1% of the ETF market toward mainstream allocations.

Cardano: Top Midnight Wallet Holds 7.3B NIGHT Tokens, 31% of Supply

Elendu Benedict
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Cardano: Top Midnight Wallet Holds 7.3B NIGHT Tokens, 31% of Supply

Ahead of the imminent Midnight airdrop redemption event on Cardano, on-chain data shows the current distribution of the NIGHT token across wallets.

The widely awaited Glacier Drop redemption is a few days away, and the Cardano ecosystem is preparing earnestly for it. The Midnight team has already minted these tokens, and on-chain records have revealed their current distribution.

Midnight Token Distribution

Data from AdaStat shows that the NIGHT token has a circulating supply of 24 billion tokens. Notably, the Midnight team carried out the initial minting on October 14 at block height 12,517,624 and the final mint event at block height 12,696,233 on November 25.

Further details from AdaStat show that 26 wallets currently hold the entire 24 billion NIGHT supply. Of this, a particular address, “addr1w9,” holds 7.39 billion NIGHT, approximately 31% of the asset’s supply.

Cardano: NIGHT Token Holders
Cardano: NIGHT Token Holders

Notably, Cardano SPO and DRep “Stake with Pride” revealed in a tweet that this particular wallet might be the Midnight reserve address for staking rewards.

Furthermore, the on-chain data highlighted that another address, “addr1wx,” holds 4.5 billion NIGHT tokens, accounting for roughly 19% of the supply. The SPO also mentioned that this wallet is likely the one containing the NIGHT, which will be distributed to claimants of the Glacier Drop and participants in the subsequent Scavenger Hunt.

Notably, Midnight Foundation CEO Fahmi Syed confirmed in a website post that users claimed over 3.5 billion NIGHT tokens during the Glacier Drop, providing context for Stake with Pride’s claims.

Cardano-Native NIGHT Tokens on the Move

Essentially, 12 wallets in total hold 99.99% of the NIGHT tokens, with the two wallets mentioned earlier holding 50%. The remaining 0.01% of the supply was distributed to the other 14 wallets, bringing the current holders to 26.

Notably, the Midnight team has completed 25 transactions so far, most of which occurred in the last two days. Data shows a gradual movement of the NIGHT tokens to newer addresses in preparation for the imminent claim event.

Official Launch Date and Future Events

Meanwhile, Midnight has confirmed that the redemption event for Glacier Drop and Scavenger Hunt participants will take place on December 8. The NIGHT tokens would officially launch on the same day, with trading opened across exchanges.

Claimants will receive only 25% of their total allocation. The design is to distribute the tokens over four thaws spread across 12 months, with the participants receiving 25% at each phase.

After this stage, the Lost-and-Found phase will begin, giving eligible users who didn’t participate in the Glacier Drop another opportunity. This time, they would claim only a fraction of their original allocation.

Cardano Founder Outlines How to Attract Retail Investors to Crypto Without 100x Hype

Lele Jima
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Cardano Founder Outlines How to Attract Retail Investors to Crypto Without 100x Hype

Cardano founder Charles Hoskinson argues that the crypto industry will continue to struggle to attract retail investors unless it returns to its foundational principles. 

During a recent livestream, he noted that retail investors no longer respond to hype-driven cycles or promises of 100x returns. Instead, he stressed that the industry must deliver practical, meaningful benefits that address real problems in people’s lives.

His latest remarks follow his accusation that certain institutions orchestrated the recent crypto meltdown. Hoskinson claimed these firms engaged in pump-and-dump schemes and profited from both sides of the trades. 

Furthermore, Hoskinson pointed out that many retail investors have not fully returned to the market since the LUNA and FTX collapses. Even among those who have reentered, he argued that most remain unaware of the extent of institutional manipulation. 

How to Attract Retail Clients 

In his latest commentary, Hoskinson noted that for the industry to attract retail clients, it must focus on delivering real utility, starting with true ownership of assets and data, economic agency, and digital identity. 

In his view, concepts like self-custody, sound money, and access to real, sustainable yields, which formed the bedrock of early crypto adoption, need to return to the industry to attract retail clients back to the market. 

He added that retail users will only embrace crypto when it clearly enhances their financial autonomy, enabling them to “be their own bank”. This point underscores how decentralized networks empower individuals to manage their wealth directly without depending on intermediaries.

Hoskinson’s message ultimately calls on the blockchain sector to abandon short-term incentives and refocus on delivering genuine empowerment. He argues that only by restoring these core values will the industry bring retail investors back into the space.

Cardano’s Efforts to Drive Retail Adoption 

Meanwhile, Hoskinson and the Cardano team continue to work to attract retail participation through its blockchain and the Midnight project. In addition to airdropping NIGHT to users who held at least $100 worth of selected tokens, Hoskinson has promoted Midnight as a privacy-focused platform that protects user data.

Furthermore, responding to a recent Bybit report that 16 blockchains, including VeChain, BNB Chain, and Cosmos, contain fund-freezing functions, Hoskinson reassured users that no entity can freeze their funds on Cardano or Midnight. 

Pundit Reveals How Five-Digit XRP Price Could Power SWIFT, DTCC, RAW, Gold, and CBDCs

Abdulkarim Abdulwahab
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Pundit Reveals How Five-Digit XRP Price Could Power SWIFT, DTCC, RAW, Gold, and CBDCs

XRP community figure KING VALEX has shared a bold new forecast that places XRP’s future value between $10,000 and $50,000.

According to him, once XRP achieves full global institutional adoption, its price will need to rise exponentially to support global liquidity flows across major financial systems.

XRP at Full Institutional Scale

In a recent post, VALEX outlined how XRP’s potential valuation aligns with the scale of networks it could power.

He explained that a $10,000 XRP price, on the lower end, would be sufficient to manage everything related to SWIFT and real-world assets (RWA) while, at $50,000, XRP’s utility would expand to cover the DTCC, gold, and central bank digital currencies (CBDCs).

The forecast reflects an AI-generated model that analyzed XRP’s possible role in global settlement systems, including the SWIFT network, DTCC’s securities clearing infrastructure, and tokenized real-world assets.

According to the AI response shared by the pundit, a sustainable price range for XRP under such conditions would need to be $10,000–$50,000 in order to process the world’s financial value efficiently without causing network congestion.

Ripple’s Expanding Institutional Reach

The prediction comes amid a surge of institutional integration around the XRP Ledger (XRPL). Ripple’s recent acquisitions, including Hidden Road and GTreasury, have positioned the company at the intersection of global finance and blockchain innovation.

As highlighted in earlier reports, Hidden Road’s membership in the DTCC’s Fixed Income Clearing Corporation (FICC) gives Ripple indirect exposure to a clearing system that processes over $11 trillion in daily U.S. Treasury trades.

Meanwhile, Ripple’s $1 billion acquisition of GTreasury embeds the XRPL within corporate cash management systems that handle billions in daily liquidity operations.

Together, these moves lay the groundwork for Ripple’s ambition to connect the institutional backbone of finance, from government securities and treasuries to tokenized assets and stablecoin infrastructure.

AI Forecast Sees XRP Powering “All the Money”

KING VALEX pointed out that AI systems are starting to understand the true purpose of the XRP Ledger — to handle “all the money.”

As more banks and institutions adopt the XRP Ledger for applications such as cross-border payments, CBDCs, and digital asset transfers, XRP’s value could grow significantly.

With its ongoing acquisitions, the XRP Army believes Ripple is quietly and steadily building a system for large-scale financial use — using its RLUSD stablecoin as collateral for institutional transactions and the XRPL to manage trade processes.

Meanwhile, predictions of XRP reaching $10,000 to $50,000 are considered extreme, and critics continue to call them unrealistic.

However, proponents like VALEX continue to insist on those valuations, citing the massive scale of global transactions, such as SWIFT’s $5 trillion in daily payments and the DTCC’s $10 trillion in settlements.

They believe that even if a small portion of global finance runs through the XRPL, demand for XRP could rise sharply.

Pundit Says Anything Over 10,000 XRP Means You’re Doing Fine

Abdulkarim Abdulwahab
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Pundit Says Anything Over 10,000 XRP Means You’re Doing Fine

The long-running debate over how much XRP an investor needs for future financial success has resurfaced.

In a tweet, widely followed commentator “TheXRP Guy” argued that holding 10,000 tokens could be sufficient for investors. The message comes as XRP trades at $2.20 today, up 9.52%, renewing discussions about accumulation thresholds.

The 10K XRP Threshold

Unlike the more aggressive claims seen over the past year, “TheXRP Guy” offered a simple reassurance that those holding anything above 10,000 XRP in their portfolios “are doing fine.”

At today’s price of $2.20, reaching 10,000 XRP requires an investment of $22,000. Some commentators have acknowledged that this threshold has become increasingly difficult for retail investors to attain.

Analysts like Edoardo Farina and The Crypto Asset Guy previously warned that not holding at least 10,000 XRP could be a “lifetime mistake” or even the key to “unimaginable financial freedom.”

TheXRP Guy’s take, while less dramatic, still reinforces the long-standing idea that 10,000 XRP remains an important psychological and strategic benchmark within the community.

Financial Reality of 10,000 XRP

The new comment arrives after months of debate around how attainable the 10,000-XRP goal really is. As of today, just 4% of XRP holders have a balance of 10,308 tokens or more.

This represents only 294,301 wallets out of XRP’s 7.357 million active wallets. Interestingly, over 6 million wallets hold 500 XRP or fewer, with 3.46 million of them holding just 0 to 20 tokens.

In December 2024, roughly 429,000 wallets held at least 10,000 XRP, indicating a drop compared to today.

These figures highlight the widening gap between community expectations and what most holders can actually afford. Even Farina later admitted in June that owning more than 10,000 XRP is now “a luxury few can afford.”

Notably, XRP spent years between $0.40 and $0.50, making 10,000 tokens once obtainable for just $4,000 to $5,000. Meanwhile, as the price soared, many have become priced out.

Why 10,000 XRP Became the ‘Magic Number’

The idea that 10,000 XRP represents a life-changing benchmark didn’t appear out of nowhere. Over the past year, several narratives have helped shape this belief. Some influencers projected XRP could reach $100, making a 10K stack worth $1 million.

Interestingly, while some pundits push higher accumulation targets, such as 10,000 or even 25,000 tokens, others, such as the enthusiast Duefe, argue that even 1,000 XRP could be enough for long-term success, depending on future valuations.

While many believe XRP could eventually reach triple-digit levels, more conservative voices warn it could take several years.

For instance, Bitwise’s research report suggests XRP may not reach $29 until 2030. As for the $100 milestone, Changelly estimates 2040—about 15 years from now.

Veteran Investor Cashes Out $2.5M in XRP, Says ‘I’m Going to Have an Easier Life Because of XRP’

Abdulkarim Abdulwahab
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Veteran Investor Cashes Out $2.5M in XRP, Says ‘I’m Going to Have an Easier Life Because of XRP’

A long-time XRP holder has shared a remarkable personal story on Coinfessions.

The post reveals how a difficult period in life eventually led to financial stability through a disciplined long-term investment strategy in XRP.

Difficult Beginning

According to the post, the investor inherited money after the loss of a parent. Meanwhile, family disagreements forced the sale of a multi-generational home. The user described being emotionally overwhelmed in 2021 and searching for a way to protect the remaining funds rather than watching them “dwindle away.”

In a moment of simplicity, they looked at the market’s top cryptocurrencies at the time and chose XRP because it was the lowest-priced asset among the top 10. The user decided to place their entire portion of the inheritance into the token.

“I looked at the top ten and went all in on XRP,” the post noted.

Rollercoaster Journey

Initially, the timing seemed perfect. Just one month later, their XRP holdings surged to a portfolio value of $1.75 million as the 2021 market cycle peaked. Notably, the timing suggested the investor entered XRP at around $0.41 to $0.6026 in March, with XRP reaching a cycle peak of $1.965 the next month.

However, the excitement from the impressive turnaround didn’t last. As the market corrected, their portfolio continued to fall, eventually dropping as low as $300,000 during the chaos of the FTX collapse.

This represented a drawdown of over 82% from the initial peak, consistent with XRP’s over 83% price crash from $1.965 to the $0.32 level by November 2022.

Despite the pressure, fear, and regret, the investor said they held through the entire downturn without selling.

Four Years Later: $2.5 Million Cash-Out

Four years later, the price of XRP took a dramatic turn. XRP reached $3.34 in January, cooled off slightly, and continued to $3.66 by July—a tenfold increase from the 2022 lows.

Accordingly, the investor made a different decision this time regarding their portfolio. After watching XRP recover and grow throughout the current cycle, they exited their position, locking in profits.

They disclosed a final after-tax amount of $2.5 million, saying they had learned from previous mistakes and chose not to ride the market back down again.

“I’m going to have an easier life because of this,” they wrote, noting the sense of relief and stability that came with taking profits responsibly.

“The XRP Army Was Never Wrong”

While the crypto community urges disciplined holding, this story highlights the importance of timing, emotional resilience, and taking profits. The post reflects a popular sentiment among long-term XRP holders that their patience may finally be paying off.

“The XRP Army was never wrong, just early,” one community member remarked.

Meanwhile, critics also shared their views on the story. Hannibal Lecter Chain joked that the investor is the only person who has retired from XRP. Another critic called the story made up, joking that nobody ever made money from XRP.

“Good meme play, cuh,” remarked Magic Eden.

Screenshot 2025 12 03 at 102650 am
Community reactions

Bitcoin Tests Key Ichimoku Cloud Resistance as $220M in Shorts Get Liquidated

Mark Brennan
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Bitcoin Tests Key Ichimoku Cloud Resistance as $220M in Shorts Get Liquidated

Bitcoin is testing resistance on the daily Ichimoku Cloud while liquidation data shows heavy pressure on short sellers during its latest rebound.

Bitcoin is maintaining a strong upward bias following a fresh intraday advance, trading near the upper end of its 24-hour range. Over the past session, BTC has moved between $87,186 and $93,928, holding firm after a series of higher lows that reinforced the rebound structure.

The latest run places the market leader up roughly 6.5% over the last 24 hours, adding to a broader 7-day gain of about 6.8%. On the 14-day window, performance remains modest but positive with an increase of roughly 1.8%, reflecting slow but persistent accumulation after recent volatility.

With price now consolidating near the daily highs, traders are watching to see whether bullish pressure can extend into a clearer breakout. Will Bitcoin break out?

Bitcoin Price Analysis

Bitcoin’s daily chart shows the price attempting to build a recovery structure after its November decline, with current action testing the Ichimoku cloud that had a lower boundary at $91,473. This cloud base had represented the first major resistance zone, acting as the point where bearish structure began to transition toward neutral conditions.

Bitcoin 1-Day Price Chart
Bitcoin 1-Day Price Chart

Until Bitcoin secures a full candle close above that lower cloud line, the overall trend bias remains cautious. Immediate resistance exists at the red base line at $94,018, while further resistance stands at the upper boundary of the cloud at $98,470. 

On the support side, the blue conversion line provides short-term structural backing for the recovery. This conversion line sits just under current price action and will act as the first downside level to defend if momentum turns soft.

Further, RSI momentum offers modest reinforcement for bulls, with the indicator lifting away from bearish territory and trending toward mid-range alignment.

Taken together, price now sits at a sensitive juncture: a sustained break into or above the cloud base would solidify the upward shift, while failure to hold above the conversion line would risk eroding the confidence behind Bitcoin’s current recovery attempt.

Bitcoin Liquidation Data

Bitcoin’s liquidation data confirms that the latest move higher has been due to pressure on short sellers. Over the past 24 hours, total liquidations reached about $237.4 million, with an overwhelming $220.8 million coming from short positions versus just $16.6 million from longs.

Bitcoin Liquidation Data
Bitcoin Liquidation Data

The pattern is similar on the 12-hour view, where roughly $74.8 million in positions faced liquidation, including $69.2 million in shorts and only $5.6 million in longs. This skew toward short liquidations suggests that traders betting against the rally have been forced to cover as price pushed higher.

Short-term readings echo the same dynamic, though at a smaller scale. In the last 4 hours, around $1.86 million in positions were liquidated, split between $899,800 in long and $960,000 in short exposure, while the 1-hour window shows approximately $104,000 in total liquidations, almost all of it ($102,000) from shorts.

Overall, the data indicates that Bitcoin’s upswing is being amplified by a series of short squeezes across multiple timeframes.

This Binance Signal Suggests Massive Bitcoin Rally Ahead

Mark Brennan
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This Binance Signal Suggests Massive Bitcoin Rally Ahead

The Bitcoin balance on Binance is in a downtrend, with analysis indicating accumulation and increased confidence in Bitcoin’s long-term trajectory.

CryptoQuant spotlighted this analysis from XWIN Research Japan in its Wednesday X post, explaining why the Bitcoin reserve on Binance is declining. The report also highlighted its implications for the pioneering cryptocurrency, even as its price shows upward momentum.

For perspective, BTC has increased by 6.5% in the past 24 hours, spurred by macroeconomic tailwinds. The resurgence pushed the cryptocurrency to 8th place in the top global assets by market cap.

Bitcoin Drying Up on Binance

For the uninitiated, Binance is the largest crypto exchange by trading volume globally. Its place and market share confirm the significance of activities in and around the trading platform.

The Wednesday report shows that Bitcoin’s reserve on Binance is declining noticeably. An accompanying chart indicates that the exchange’s Bitcoin holdings declined from approximately 595,000 BTC on November 23 to 572,600 BTC today, representing an outflow of 22,400 BTC.

At the current price level, this implies that more than $2 billion has flowed out of Binance in less than two weeks.

Drop in Binance's Bitcoin Reserve
Drop in Binance’s Bitcoin Reserve

Meanwhile, the post clarified that this is not bearish in any sense. In fact, it suggested that the development is bullish for the digital asset’s price, highlighting several factors that deem this a part of a healthy bullish trend.

Why the Massive Outflow from Binance?

One of the major catalysts for this drop in Binance reserves is the growing movement of Bitcoin from the platform to self-custody wallets. Despite earlier uncertainties, investors prefer to hold BTC with their own keys rather than leave it on Binance.

Notably, this choice reestablishes confidence in Bitcoin in the mid and long term, looking beyond the current trend. The switch to cold wallets also reduces immediate sell pressure.

Furthermore, the Binance outflows align with growing institutional demand for Bitcoin. With inflows from BlackRock, Fidelity, and, most recently, Vanguard gaining weight, their custodians continue to shrink exchange supplies.

Additionally, the analysis cited the recent derivative unwinding and a “regulatory adjustment” as probable causes of the outflow. The late-November leverage-trade washout reduced margin deposits, thereby diminishing the amount of BTC held. Again, as Binance strengthens regulatory compliance, some users are also forced to redirect assets to other platforms, reducing their holdings.

XWIN Research noted that historical evidence indicates such declines support medium to long-term Bitcoin price growth. The firm characterized this as a “normal re-accumulation phase” in anticipation of bullish price developments.

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