The catalyst could serve as a wake-up call and send Bitcoin to $150,000 
overnight, though it “would have to be real,&#8221; according to Jeff Park.

Sovereign Bitcoin adoption would be the ultimate upside catalyst: Jeff Park

The crypto market is reeling once again after an intense wave of liquidations 
erased over $2 billion in leveraged positions within a single day. Related 
Reading: Ethereum Dead Cat Bounce Puts Price At $3,400, But What’s The 
Ultimate Target? With Bitcoin, Ethereum, Solana, and other major assets 
plunging sharply, traders are bracing for what could be another turbulent 
stretch, especially with billions in options set to expire. ETH&#8217;s price trends 
to the downside on the daily chart. Source: ETHUSD on Tradingview Massive 
Liquidations Trigger Steep Sell-Off According to data from Coinglass, more 
than $2 billion in long and short positions were liquidated over the last 24 
hours, marking one of the most severe unwinding events since October’s 
historic crash. Bitcoin (BTC) crashed as low as $82,000, while Ethereum (ETH) 
slid below $2,700. Traders holding long positions bore the brunt of the 
damage, with over $1.8 million in longs wiped out across major exchanges. The 
largest single liquidation order took place on Hyperliquid, where a massive 
BTC-USD position valued at $36.78 million was wiped out. Over the past 24 
hours, Bitcoin long liquidations alone have totaled approximately $966 
million, while Ethereum long positions have similarly suffered around $407 
million in losses. With no details revealed on the specific tokens or 
exchanges involved, the incident still sent shockwaves through the community, 
further fueling bearish sentiment. Options Expiry and Whale Moves Add to 
Market Pressure The sell-off comes ahead of a crucial $4.2 billion crypto 
options expiry, with more than 39,000 BTC options and 185,000 ETH options set 
to expire. Traders have leaned heavily into put positions, signaling 
expectations of further downside. For Bitcoin, the max pain point sits near 
$98,000, well above current prices, while Ethereum’s around $3,200. Meanwhile, 
whale behavior has added fuel to the fire. A mega BTC whale who has held 
Bitcoin since 2011 reportedly sold over 11,000 BTC, worth $1.3 billion, 
intensifying downward pressure. However, at the same time, other large holders 
accumulated over $65 million in spot BTC near the $85,000 level, hinting at 
strategic dip-buying even as volatility spikes. Fragile Liquidity Keeps Market 
on Edge The market’s instability can be traced back to October’s $19.5 billion 
liquidation event, which severely disrupted liquidity conditions. Market 
makers, still recovering from the shock, remain cautious, creating a fragile 
environment where even minor price swings can trigger cascading liquidations. 
Despite the chaos, signs of resilience emerged from infrastructure players 
like Solana and Fireblocks, which maintained high transaction speeds and 
network reliability during periods of unprecedented stress. Related Reading: 
Saylor’s Strategy Under Threat: Index Status At Risk With $8 Billion On The 
Line As macro uncertainty, ETF outflows, and whale behavior continue to shape 
sentiment, the crypto market remains firmly on edge, with traders watching 
closely to see whether this correction deepens or sets the stage for the next 
major recovery. Cover image from ChatGPT, ETHUSD chart from Tradingview

Crypto Market Remains on Edge After Over $2B Wiped Out in the Last 24 Hours

Grayscale Dogecoin Trust ETF’s imminent NYSE Arca launch accelerates regulated 
crypto expansion, amplifying interest in accessible digital-asset investing 
and building anticipation for its parallel XRP ETF rollout. Grayscale Dogecoin 
Trust ETF Advances Toward NYSE Arca Listing Expanding regulated crypto 
vehicles continues to shape market access as exchange registrations progress. 
Grayscale Dogecoin Trust ETF filed on […]

Grayscale to Debut Dogecoin ETF Monday as DOGE Enters a New Regulated Trading Lane

The incident highlights the importance of robust security measures and rapid 
response protocols to maintain blockchain network integrity.
The post Cardano network recovers after malformed transaction triggers chain 
partition appeared first on Crypto Briefing.

Cardano network recovers after malformed transaction triggers chain partition

Solana’s price is now sitting inside a crucial support zone, and what happens 
in this region will decide whether the next major bullish wave can truly 
begin. The broader correction has brought SOL to a defining moment, where 
micro-level price behavior will determine if buyers can regain control or if 
deeper levels must be tested first. Market Correction Nears First Major 
Support Zone According to a recent update by More Crypto Online, SOL still 
maintains the chance to begin a larger upward move in this current cycle. The 
analyst notes that the market has been in a correction since mid-September and 
has now reached its first major structural support zone, putting the asset at 
a crucial juncture. Related Reading: Solana (SOL) Aims Recovery Run, $155 
Resistance Now Back in Focus The first key support zone is defined as sitting 
between $138 and $118, which is currently being tested by the market. However, 
More Crypto Online cautions that there is currently not enough evidence that 
support is being confirmed here. While there is a small green candle on the 
weekly chart, this is merely something to watch and is &#8220;not yet a signal.&#8221; 
More Crypto Online outlines the bearish contingency: if Solana breaks 
sustainably below the $117–$118 area, the focus will shift to a deeper 
correction scenario, targeting the next major macro support zone between $90 
and $62. In the weekly chart, these are the two zones that matter most on the 
macro level. However, More Crypto Online emphasizes that traders cannot 
automatically assume one or the other will hold. Meanwhile, the key is always 
to observe how the microstructure behaves inside these zones. Why Micro- 
Timeframe Structure Is the Decisive Factor The analyst further clarified that 
a weekly support zone only becomes meaningful when lower time frames begin to 
form clear 5-wave impulse structures from the lows. These impulses act as 
early confirmation that buyers are stepping in with strength rather than 
producing temporary reactions. Related Reading: Solana (SOL) Grinds Upward as 
Broader Market Stabilizes — Is a Breakout Brewing? Without these smaller-time- 
frame impulses, any bounce that appears within a weekly support zone remains 
unconfirmed. It simply signals that price is reacting to the area, not that a 
true bottom has formed or that a bullish reversal is underway. To distinguish 
between a weak bounce and a confirmed hold, the analyst emphasized tracking 
micro price action on the 15-minute, 1-hour, and 4-hour charts. These lower 
time frames reveal whether buyers are defending levels with conviction. Until 
Solana prints a clean and structured 5-wave move from a low, neither support 
zone can be considered validated. In the meantime, both the higher and lower 
support scenarios remain fully in play. Featured image from iStock, chart from 
Tradingview.com

Cryptocurrency price in NZD