Aptos Labs and Jump Crypto are teaming up to launch a new decentralized hot storage network dubbed ‘Shelby.’ In an announcement posted on X, the Aptos Labs team said Shelby will be web3’s first cloud-grade infrastructure and will offer access…

Aptos Labs and Jump Crypto launch decentralized hot storage network

Bitcoin price started a fresh increase above the $103,250 zone. BTC is now 
consolidating and might aim for a move above the $106,500 resistance. Bitcoin 
started a fresh increase above the $105,000 zone. The price is trading above 
$103,500 and the 100 hourly Simple moving average. There is a bullish trend 
line forming with support at $106,000 on the hourly chart of the BTC/USD pair 
(data feed from Kraken). The pair could start a fresh increase if it stays 
above the $104,200 zone. Bitcoin Price Eyes More Gains Bitcoin price started a 
fresh increase above the $102,500 zone. BTC gained pace and was able to climb 
above the $103,200 and $103,500 levels to enter a positive zone. The bulls 
pushed the price above the 76.4% Fib retracement level of the downward move 
from the $106,470 swing high to the $98,276 low. It opened the doors for a 
push above the $106,000 resistance and the price tested the $106,500 zone. 
Bitcoin is now trading above $105,000 and the 100 hourly Simple moving 
average. There is also a bullish trend line forming with support at $106,000 
on the hourly chart of the BTC/USD pair. On the upside, immediate resistance 
is near the $106,500 level. The first key resistance is near the $107,200 
level. The next key resistance could be $108,500 or the 1.236 Fib extension 
level of the downward move from the $106,470 swing high to the $98,276 low. A 
close above the $108,500 resistance might send the price further higher. In 
the stated case, the price could rise and test the $110,000 resistance level. 
Any more gains might send the price toward the $112,000 level. Another Drop In 
BTC? If Bitcoin fails to rise above the $106,500 resistance zone, it could 
start another decline. Immediate support is near the $106,000 level. The first 
major support is near the $105,500 level. The next support is now near the 
$104,200 zone. Any more losses might send the price toward the $103,500 
support in the near term. The main support sits at $102,000, below which BTC 
might struggle to find bids. Technical indicators: Hourly MACD – The MACD is 
now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – 
The RSI for BTC/USD is now above the 50 level. Major Support Levels – 
$106,000, followed by $105,500. Major Resistance Levels – $106,500 and 
$108,500.

Bitcoin Price Pushes Up — ATH in Sight if Bulls Maintain Pressure

Coinbase says it helped the US Secret Service seize $225 million in crypto 
allegedly stolen by scammers, the largest crypto seizure in the agency’s 
history.

Coinbase claims ‘key role’ in Secret Service’s biggest-ever crypto seizure

Following a weekend dip, Bitcoin has reclaimed the $100,000 price mark, 
signaling renewed short-term strength amid geopolitical tensions. As of the 
time of writing, BTC is trading at $105,323, up by 4% in the last 24 hours. 
The price recovery arrives in broader investor sentiment shifts, both in on- 
chain behavior and exchange activity. A recent analysis from CryptoQuant’s 
analyst Darkfost sheds light on a multi-year transition among Bitcoin holders. 
The analyst observes that fewer Bitcoin addresses are depositing coins onto 
exchanges, a trend that has persisted since the end of the 2021 market cycle. 
This declining activity may not necessarily suggest fading interest in BTC, 
but rather a transformation in how investors interact with the asset, 
potentially hinting at longer-term strategies becoming the norm. Related 
Reading: Bitcoin’s Drop Below $100k Sparks Bearish Chatter, But Data Says 
Something Else Decline in Exchange Deposits Suggests Structural Market Shift 
According to Darkfost, between 2015 and 2021, the number of Bitcoin addresses 
depositing funds to exchanges steadily increased, peaking at an annual average 
of around 180,000. However, this upward trend has reversed sharply in the 
years since. The 10-year moving average now hovers around 90,000, while the 
30-day average has fallen to 48,000. Most recently, the daily figure dropped 
to just 37,000. Darkfost mentioned: This reflects a significant behavioral 
change among BTC investors, which can likely be attributed to several key 
factors : &#8211; One major factor is the arrival of ETFs, which allow exposure to 
Bitcoin&#8217;s price performance without the complexity or risk of directly 
managing the asset. Additionally, the current market cycle has seen relatively 
low retail participation, which historically contributed to exchange deposits. 
More notably, an increasing number of investors, ranging from individuals to 
institutions, are treating Bitcoin as a long-term store of value or treasury 
reserve asset rather than a short-term speculative vehicle. The CryptoQuant 
analyst added: These shifts, which have emerged gradually over time, are 
precisely what drive Bitcoin&#8217;s evolving identity in financial markets. It may 
well be this transformation that ultimately solidifies BTC’s role as a store 
of value. Bitcoin Whale Accumulation Patterns Emerge Amid Lower Volume In a 
separate analysis, another CryptoQuant analyst, Mignolet, focused on activity 
by large holders on the Bybit exchange. He highlighted that as general market 
interest and trading volume diminish, the trading patterns of whales become 
more visible. Mignolet noted that previous periods of reduced sentiment and 
low volume often saw significant whale accumulation, which historically 
preceded upward price movements. Related Reading: Bitcoin Repeats Its 2021 
Pattern—Analyst Warns Final Crash Still Ahead This pattern, according to 
Mignolet, appears to be repeating. Since Bitcoin&#8217;s local bottom in April, 
consistent accumulation by large entities has been observed on Bybit. He 
suggested this could be a signal of underlying market confidence, particularly 
when retail activity is minimal. While not a guaranteed forecast, historical 
parallels imply that such behavior may again precede broader price strength, 
lending weight to ongoing consolidation as a potential setup for future 
momentum. Featured image created with DALL-E, Chart from TradingView

Bitcoin Exchange Activity Declines as Accumulation Patterns Persist

South Korea&#8217;s central bank is advocating for a phased introduction of won- 
denominated stablecoins, initially prioritizing regulated commercial banks for 
their issuance. Stablecoins Could Significantly Influence Korean Monetary 
Policy South Korea&#8217;s central bank is advocating for a phased introduction of 
won-denominated stablecoins, prioritizing rigorously regulated commercial 
banks for initial issuance. According to Ryoo Sang-dai, senior deputy […]

Korean Central Bank Advocates Measured Stablecoin Approach

Metaplanet&#8217;s massive Bitcoin investment could accelerate global corporate 
adoption, influencing market dynamics and digital asset strategies.
The post Metaplanet raises $517M in a single day to buy more Bitcoin appeared 
first on Crypto Briefing.