Bitcoin OG Owen Gunden sells $1.3 billion in BTC as retail panic grows, while 
institutional ownership of Bitcoin ETFs climbs to 40% despite market fear.

Bitcoin whale Owen Gunden dumps entire $1.3B stack as institutional footprint grows

Bitcoin’s sell-off this week has reignited the question of whether the market 
has already printed a local bottom. Chris Kuiper, CFA, VP of Research at 
Fidelity Digital Assets, argues that several on-chain and sentiment gauges now 
resemble prior bull-market corrections, while stressing that nothing is 
certain. “I as well as anyone never knows for sure,” Kuiper wrote on X, “but 
one chart I do like to use to help gauge the probabilities is the short-term 
holder MVRV chart along with their cost basis.” Is The Bitcoin Bottom In? The 
Glassnode chart he shared tracks Bitcoin against the realized price of short- 
term holders (STHs) and their MVRV ratio – a measure of whether this cohort is 
in aggregate profit or loss. In previous uptrends, local lows have often 
occurred when STH MVRV dipped below 1, briefly putting recent buyers 
underwater before price recovered. Kuiper notes that the current drawdown has 
pushed STHs back into loss territory in a way that looks similar to earlier 
mid-cycle pullbacks. “If this indeed is a regular 20–30% drawdown within the 
current bull market, then the MVRV ratio is showing a similar valley as 
before, testing the mettle of short-term holders before resetting to move 
higher,” he wrote. Related Reading: Will Bitcoin Bottom At $56,000? 
CryptoQuant CEO Presents The Data His second reference point is the Bitcoin 
Fear &amp; Greed Index, which has swung from sustained “greed” and “extreme greed” 
back into “fear,” with episodes of “extreme fear.” According to Kuiper, the 
index “tends to hit extreme levels at these local tops and bottoms,” 
suggesting sentiment has reset after the recent euphoria. Currently, the index 
sits at 11. “This is not a prediction,” he cautioned, “but given the lack of 
negative fundamental news or changes (and in fact the opposite lately), this 
data tips my assessed probabilities in favor of this being a regular and 
healthy drawdown.” Related Reading: Bitcoin Dips Below $90,000—Yet Altcoins 
Remain Unscathed: Here’s Why Other analysts are more cautious. Bitwise senior 
research associate Max Shannon flagged “further possible downside re. 
correlation to equity markets, lower Dec rate cut prob., LTH continue selling 
in BTCs ‘IPO moment’.” Still, he added that “risk-return profiles [are] 
improving at these levels imo. Things are stretched and lots of contrarian 
indicators flashing green.” Crypto investor Richard Haas pointed to a 
deviation from earlier bull-market corrections, warning that “prior bull 
corrections never closed more than 10% below the 200ma cloud, and never let 
the 50dma curl down.” For now, Kuiper’s view is that on-chain stress among 
short-term holders and a sharp sentiment reset are consistent with a typical 
bull-market shakeout. Whether that marks a durable bottom or only a pause in 
further downside remains unresolved – and, as he emphasizes, ultimately comes 
down to probabilities, not certainties. At press time, BTC traded at $92,019. 
Featured image created with DALL.E, chart from TradingView.com

Is The Bitcoin Bottom In? Fidelity Research Lead Weighs The Odds

What to Know: Nvidia’s $54.8B earnings report, Fed Minutes, and a muted 50K 
jobs print could collectively reset risk sentiment in favor of crypto. 
Bitcoin’s drop toward seven-month lows looks sentiment-driven, and a dovish 
macro trifecta may trigger a sharp relief rally in majors. Best Wallet Token 
powers a multi-chain, security-first wallet that bundles fee discounts, 
staking, launchpad access, and future card rewards into one token. If roadmap 
execution and market conditions align, $BEST offers a leveraged play on multi- 
chain adoption rather than a single-narrative altcoin bet. Markets are walking 
a tightrope this week. Nvidia is set to report $54B+ in Q3 revenue, a figure 
big enough to make or break the AI trade that has driven much of 2025’s risk 
rally. Futures across stocks and crypto have been drifting as traders wait to 
see whether the world’s top AI chipmaker can justify its massive valuation and 
keep the AI narrative alive. At the same time, the Federal Reserve’s October 
Meeting Minutes and the delayed September US jobs report are about to drop. 
Economists expect roughly 50K new jobs, a clear comedown from earlier in the 
year. A softer payrolls print combined with divided Fed views on further cuts 
would reinforce the idea that policy is slowly tilting back toward easier 
conditions, even if inflation is still above target. Bitcoin has already been 
slapped down to near seven-month lows, roughly 25–30% below its recent peak, 
in a pullback analysts describe as sentiment-driven rather than structural. If 
Nvidia smashes expectations and the macro data lean dovish, that combination 
could flip the switch back to ‘risk-on’ and give both Bitcoin and altcoins 
room for a sharp relief rally. When that kind of macro reset hits, fresh 
liquidity doesn’t just chase the majors. It needs rails, wallets, and 
launchpads that make it easy for new users to move from fiat into crypto, hop 
across chains, and discover the next wave of tokens. That’s where 
infrastructure plays come in, and it’s exactly the lane Best Wallet Token 
($BEST) is trying to own with a multi-chain wallet, in-app presale access, and 
a presale that has already raised more than $17.2M at $0.025975 per token with 
around 76% staking rewards. Best Wallet Token Aims to Be the Default On-Ramp 
The current non-custodial wallet landscape is messy. Newcomers juggle multiple 
apps, seed phrases, and gas settings across chains, while veterans still pay 
too much in swap fees and miss early-stage deals because everything is 
fragmented. Best Wallet is designed to stitch that chaos together, and Best 
Wallet Token is there to help. The app is a true multi-chain wallet, with 
support for Bitcoin, Ethereum, Solana, BNB Chain, Polygon, Base and more, 
letting users buy, store, deposit, send, and swap thousands of tokens from one 
interface. Fiat on-ramps are integrated through partners like Onramper to 
surface aggressive rates and lower card processing costs, which matters when 
altcoin rotations kick off and every percentage point of friction eats into 
upside. Security is handled with MPC tech from Fireblocks and cloud backups 
instead of exposed seed phrases, plus features like 2FA, biometric login, and 
advanced anti-fraud tooling. That’s aimed squarely at the next wave of users 
who want self-custody without feeling like they’re one mistyped word away from 
losing a portfolio. On top sits the $BEST token. Holding $BEST reduces 
transaction fees when buying or swapping crypto in-app, cuts swap costs across 
the 330-DEX, 30-bridge routing stack, and boosts rewards on the upcoming Best 
Card, which plans up to 8% cashback for heavy users. Learn more about $BEST in 
our Best Wallet Token guide. Best Wallet’s launchpad feature also gives $BEST 
holders early access to the best crypto presales at a ‘Phase 0’ price before 
wider listings, letting them rotate into new narratives faster and cheaper 
than users stuck on legacy wallets. This lines up neatly with where the market 
is heading. Tokenized funds, regulated stablecoins, and payments giants 
experimenting with on-chain rails all point toward a future where compliant 
wallets with deep DeFi hooks become the main interface for value transfer. 
Best Wallet is built to sit in that intersection, connecting regulated 
stablecoin flows with native DeFi and presale access. As capital trickles back 
into risk assets, a wallet-plus-token combo that makes multi-chain navigation 
easy could attract both first-timers and battle-hardened degen traders. Watch 
$BEST as onboarding demand grows. Inside the $BEST Presale, Staking, and 
Potential Upside The presale is currently priced at $0.025975 per token, with 
more than $17.2M already raised and a sizeable social footprint across X, 
Telegram, and Discord. Staking is live during the presale, offering 76% APY 
powered by an 800M-token (8%) allocation dedicated to staking rewards. That 
lets early buyers immediately put idle tokens to work while the sale is still 
ongoing, compounding exposure if the token lists into an improving macro 
backdrop. Learn how to join and stake in our guide to buying $BEST tokens. Our 
$BEST price prediction suggest that $BEST could trade around $0.035215 in 2025 
and $0.05106 in 2026. From today’s presale price, those levels would roughly 
equate to 36% and 97% upside respectively, before factoring in any staking 
yield. None of that is guaranteed, but it sketches out the kind of risk-reward 
profile some presale buyers are targeting. If Nvidia’s earnings confirm that 
the AI boom still has legs and the Fed’s tone softens on the back of a weak 
50K jobs print, that cocktail could refill the risk-asset punch bowl. In those 
conditions, a presale-stage wallet token plugged directly into multi-chain 
liquidity, presales, and stablecoin rails becomes a clear way to get leveraged 
exposure to the next adoption wave without betting on a single niche sector 
like meme coins or gaming. Join $BEST before the presale closes. This article 
is informational only, not investment advice; crypto prices and presale 
outcomes are highly speculative and capital is at risk. Authored by Aaron 
Walker, NewsBTC – https://www.newsbtc.com/news/nvidia-54b-earnings-fed- 
minutes-boost-best-wallet-token-presale

Nvidia’s $54B Earnings Test and Fed Minutes Put Best Wallet Token in Play

US spot Bitcoin ETFs logged $75 million in inflows after five days of 
redemptions, hinting at early stabilization as Bitcoin recovers above the 
$92,000 level.

US Bitcoin ETFs snap five-day bloodbath as BTC reclaims $92K

What to Know: SPX6900 has rebounded from support near $0.44 to the $0.56 zone 
on strengthening volume and positive funding rates. Technical signals point to 
easing bearish pressure and a potential move toward higher resistance, keeping 
meme coin risk firmly in play. Maxi Doge ($MAXI) aligns with this revived meme 
momentum through Ethereum-based tokenomics, staking, contests, and lifestyle 
branding centered on leverage culture. The $MAXI presale offers high staking 
APY and low entry pricing, though long-term performance still relies on 
delivery and community expansion. SPX6900 has quietly flipped the script this 
week. After tagging key support near $0.44 on Monday, the ‘meme S&amp;P 500’ 
bounced more than 25%, now trading at around $0.56 with solid green candles on 
the daily chart. On-chain and derivatives data back up the move. Spot and 
futures volume climbed above $65M, whale orders are skewed to the buy side, 
and funding rates have turned positive, showing more traders paying to stay 
long than to stay short. 📈 The daily RSI has pushed up from oversold while 
MACD has flipped bullish, hinting that the worst of the pullback may be behind 
SPX for now. When a flagship meme index like SPX6900 stops bleeding and starts 
grinding higher again, it usually does two things. It restores risk appetite 
across the meme coin complex and it reminds everyone that ‘joke’ tokens can 
move like small caps on caffeine when liquidity comes back. For traders 
scanning for the best meme coins, that combination matters more than the 
short-term price target. This is exactly the backdrop where the best meme 
coins tend to catch a bid. If capital rotates back into meme coin plays, 
traders often look beyond the already-run majors to cheaper, more narrative- 
driven tokens that can ride the same wave with more upside. That is where Maxi 
Doge ($MAXI) is positioning itself: a gym-rat Doge for the leverage era, with 
staking yield and lifestyle branding designed for traders who live on 
perpetuals charts rather than blue-chip fundamentals. SPX6900 Momentum Sets 
the Stage for Maxi Doge SPX6900’s whole pitch is financial satire: a parody of 
the S&amp;P 500 where ‘6900 &gt; 500’ and the market becomes a meme in itself. It 
runs on Ethereum with multi-chain extensions and has built a cult community by 
mocking the seriousness of traditional benchmarks while still delivering real 
liquidity. The current rebound is driven by real flows, not just vibes. 
Trading volume has hit its highest level since early November as funding flips 
positive. Historically, that kind of shift in SPX6900 has preceded sharp 
upside moves as sidelined traders FOMO back in. 💡 When that happens, attention 
usually spills over into the broader meme coin basket. Dog coins, high- 
volatility newcomers and presales with strong narratives tend to see more 
traffic as traders look for ‘the next $SPX’ at a fraction of the price. Maxi 
Doge leans directly into that environment. It brands itself as the mascot of 
max-risk trading culture: a 240-lb Shiba Inu lifting weights between 1000x 
leverage sessions, built specifically for the degen mood that SPX6900 
embodies. If SPX6900 can extend its recovery, meme coin risk could stay 
elevated into year-end. In that scenario, projects that offer pure meme coin 
energy plus simple, understandable tokenomics are likely to benefit first. 
That is the niche Maxi Doge is trying to occupy: not competing with $SPX 
itself but acting as a smaller-cap satellite play on the same sentiment. Maxi 
Doge Presale, Staking and Meme Utility Explained Under the memes, Maxi Doge 
($MAXI) is a straightforward ERC-20 token on Ethereum’s Proof-of-Stake 
network, with transactions secured by audited smart contracts. Total supply is 
capped at roughly 150B tokens, split across marketing, development, liquidity, 
staking and the project’s ‘Maxi Fund’ treasury. That treasury, plus a 40% 
marketing bucket, are designed to keep the meme visible with KOL deals, ads 
and potential exchange campaigns once trading goes live. Where Maxi Doge tries 
to go beyond pure hype is yield. Current staking rewards sit at 74% APY, paid 
in $MAXI, with distributions handled by a daily smart-contract pool. 💡 For 
anyone used to holding $DOGE or $SHIB for vibes alone, the idea of locking 
tokens and earning protocol yield is a clear upgrade, even if the rate 
naturally trends lower as more tokens are staked. On the adoption side, the 
presale has already raised more than $4.1M, with the current token price at 
$0.000269. Multiple stages nudge the price up over time, which is why early 
entries focus on locking in the lower bands before the next increment hits. To 
join now, learn how to buy $MAXI with our step-by-step guide. In the meantime, 
tens of billions of tokens are already staked, suggesting that a decent chunk 
of the early base is not planning to insta-dump at TGE. Of course, Maxi Doge 
still lives and dies by community and execution. The team remains anonymous, 
the roadmap is deliberately tongue-in-cheek, and real value will depend on 
whether staking, contests and partner events actually gain traction once the 
presale ends. Still, in a market where SPX6900 is reminding everyone that 
memes can move billions, a $4.1M meme coin presale with yield and audits 
attached will naturally catch attention. 🚀 Join the Maxi Doge presale today. 
Disclaimer: This article is for educational purposes only; cryptocurrencies 
are highly volatile and readers should do independent research before 
investing. Authored by Aaron Walker for NewsBTC –
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