Bitcoin’s latest drop stems from structural strains, Coinbase Institutional 
explained, as weakening trend signals, thinning liquidity, whale selling and 
ETF outflows pressured the market despite normally supportive easing monetary 
conditions. Market Volatility Rises as Bitcoin Breaks Support With Liquidity 
Compression Coinbase Institutional, a division of crypto exchange Coinbase 
(Nasdaq: COIN), explained on social media platform […]

Coinbase Explains Why Bitcoin Price Dumps With Whale Selling Pressure

Solana Mobile is preparing to launch its SKR token in January, marking the 
start of a new phase for its open mobile ecosystem. In a Nov. 3 announcement 
on X, Solana Mobile introduced SKR as a tool to help users…

Solana Mobile to launch SKR token in January

Ethereum price started a fresh increase above $3,120. ETH is now attempting to 
clear the $3,250 resistance and might accelerate higher. Ethereum started a 
fresh increase above the $3,000 and $3,120 levels. The price is trading above 
$3,150 and the 100-hourly Simple Moving Average. There is a bullish trend line 
forming with support at $3,120 on the hourly chart of ETH/USD (data feed via 
Kraken). The pair could continue to move up if it settles above the $3,250 
zone. Ethereum Price Eyes More Gains Ethereum price managed to stay above 
$2,880 and started a fresh increase, like Bitcoin. ETH price gained strength 
for a move above the $2,950 and $3,000 resistance levels. The bulls even 
pumped the price above $3,120. However, the price is now testing a key barrier 
at $3,250. A high was formed at $3,239 and the price is now consolidating 
above the 23.6% Fib retracement level of the recent move from the $2,718 swing 
low to the $3,239 low. Ethereum price is now trading above $3,150 and the 
100-hourly Simple Moving Average. If there is another upward move, the price 
could face resistance near the $3,250 level. The next key resistance is near 
the $3,265 level. The first major resistance is near the $3,320 level. A clear 
move above the $3,320 resistance might send the price toward the $3,450 
resistance. An upside break above the $3,450 region might call for more gains 
in the coming days. In the stated case, Ether could rise toward the $3,500 
resistance zone or even $3,540 in the near term. Downside Correction In ETH? 
If Ethereum fails to clear the $3,250 resistance, it could start a fresh 
decline. Initial support on the downside is near the $3,160 level. The first 
major support sits near the $3,120 zone and the trend line. A clear move below 
the $3,120 support might push the price toward the $3,050 support. Any more 
losses might send the price toward the $2,980 region and the 50% Fib 
retracement level of the recent move from the $2,718 swing low to the $3,239 
low in the near term. The next key support sits at $2,920 and $2,880. 
Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in 
the bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now above the 50 zone. 
Major Support Level – $3,120 Major Resistance Level – $3,250

Ethereum Surges Above $3,200 as Traders Eye a Stronger Bullish Extension

A sharp rise in crypto liquidations is sending a louder message of how some 
traders are using more leverage in recent months. Related Reading: Bitcoin 
Trail Ends: $29M Seized After European Authorities Shut Down Cryptomixer 
Average daily wipeouts have jumped from roughly $28 million in long bets and 
$15 million in shorts during the last cycle to about $68 million long and $45 
million short in the current cycle, according to a new Glassnode and Fasanara 
report. That shift has made single sell-offs much more violent. Early Black 
Friday Shock Reports have disclosed that Oct. 10 was the clearest sign of the 
change. On that day, more than $640 million per hour in long positions were 
liquidated as Bitcoin plunged from $121,000 to $102,000. Open interest fell 
about 22% in less than 12 hours, sliding from close to $50 billion to $39 
billion. Traders felt the move fast. Positions were closed out on a scale 
Glassnode called one of the sharpest deleveraging events in Bitcoin’s history. 
Futures Activity Hits Records Futures markets have swelled. Open interest 
climbed to a record $68 billion and daily futures turnover topped $69 billion 
in mid-October. Perpetual contracts now account for more than 90% of that 
activity, which concentrates risk in instruments that reset continuously. 
Average daily futures wipeouts rising to $68 million long and $45 million 
short shows the costs when big swings occur. Spot Trading Doubles Based on 
reports, spot trading has also become more active. Bitcoin’s spot volume has 
climbed into an $8 billion to $22 billion daily range, roughly double what was 
seen in the prior cycle. During the Oct. 10 crash, hourly spot volume spiked 
to $7.3 billion, with many traders stepping in to buy the dip rather than run 
for the exits. That flow has helped shift where price discovery happens. 
Capital Flows And Market Share Monthly inflows into Bitcoin have varied from 
$40 billion to $190 billion, pushing realized market capitalization to a 
record $1.1 trillion. Roughly $730 billion has flowed into the network since 
the November 2022 low — more than all previous cycles combined. As a result, 
Bitcoin’s share of overall crypto market cap rose from 38% in late 2022 to 58% 
today, based on the report’s figures. Related Reading: $93K And Climbing: 
Analysts Say Bitcoin’s Push To $100K Has Begun Bitcoin As Settlement Rail 
Meanwhile, there&#8217;s another striking stat: over the past 90 days the Bitcoin 
network processed nearly $7 trillion in transfers. That throughput exceeded 
what major card networks handled in the same window. This has been cited as a 
reason some participants view Bitcoin not just as a store of value, but as an 
increasingly important settlement rail. Bitcoin Price Action At the time of 
writing, Bitcoin was trading at $93,165, up 6.5% and nearly 7% in the daily 
and weekly timeframes. Featured image from Unsplash, chart from TradingView

Risk Runs Hot: Massive Crypto Liquidation Wave Slams Traders Overnight

IREN closed trading on Wednesday up nearly 7%, slightly recovering from a 
major drop on Tuesday after sharing plans for its latest capital raising 
effort.

Cryptocurrency price in BTC